Originally Posted by Dutchrudder
I'm just going off memory here for Schaub's 2012 cap number pre-extension, but iirc he had 7.2 million in non-guaranteed salary and a little left over signing bonus (1.25 million I think). Cutting/Trading him in 2012 would have saved that much, and he obviously would have never gotten an extension. His 2013 projected cap hit will be 10.75 million, Walters is 4.5 million. That's 15.25 million alone in free money for 2013 and beyond, which IMHO is enough to make a legitimate run at Peyton Manning and pay him for years to come. Not only that, but Schaub actually restructured the remainder of his deal into his new extension, which increased his 2012 cap hit by about 2 million. So there's some more change to help go after Manning.
I don't think we would have offered the same amount per year as Denver, but we could have been competitive (16-18 million per year range). By the way, Schaub's last two years of his current deal are projected to be 17 and 19 million cap hits.
Bottom line, it was completely feasible if there was a significant effort to get Manning. Schaub could have been kept on the roster while they made a play for Peyton, and if it didn't work out, then you still have a QB. But it's clear the organization wasn't interested in Manning, so it's all water under the bridge.
As I had posted earlier, Walter already got his salary reduced to $2M sometimes in Mid March (his cap hit is $3M, I believe.)
Adding the cap hits of Schaub and Walter together (per Spotrac), we come up with $15.2M.
That's $2.8M short of the $18M.
What does that mean?
1. Manning has to agreed to sign for $2.8M less for us to stay at the same cap number (that we must) and Walter is gone while we don't have any one on the roster that can do the things he was asked for besides catching the ball.
The only guy we had at that time was Jean who was on IR for the entire 2011, and therefore had never practiced those blocks and routes that Walter runs.
(I never thought for a moment that they can cut Walter. Next year, they will a possibility, if they've been having Jean and Posey learning to do those things all this time.) Do you think that Peyton would leave $2.8M on the table?
2. Keeping Walter and cut several players to make the cap.
Take a look at the cap hits, who and how many players can the Texans cut (replacing them with minimum-salary players) to make it work?
I don't think it's feasible.