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Old 02-15-2013   #47
Lucky
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Default Re: Texans #2 WR position

Quote:
Originally Posted by badboy View Post
I don't think he got a signing (upfront) bonus that was prorated. He gets an annual $1m but seems either roster or performance based. IMO based on known info there is no bonus to move up if cut. There should be a true $4.5m cap savings.
From where is that info coming from? Walter had $11 million in guaranteed money. That was in a $5 million bonus and the first 2 seasons salaries ($6 million total). The salaries have been received, but that bonus didn't hit the cap in one year. There would be $2 million in dead money if Walter is released. If Walter is cut, it's a savings of $1.5 million.

If Walter again agrees to a salary reduction to $2 million,his cap number shrinks to $3 million. Thus, there would only be a $1 million difference in keeping Walter. If that's the case, the Texans would likely keep him. Here's what Kubiak had to say about Walter when he signed the contract:

Quote:
“You can’t have enough Kevin Walters on your team,” Kubiak said. “He stands for everything we are. He’s a great kid, a hard worker, a player who does everything right on and off the field.
Even if the Texans sign a FA WR and draft another WR early, Walter likely stays. They won't keep a Lestar Jean over Walter for a cap savings of $500K. And it's very unlikely that Posey makes it on the field in 2013. Even as a 4th WR, I think Kubiak will keep Walter.
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