Originally Posted by Lucky
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:
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.
I got it from here : http://www.spotrac.com/nfl/houston-texans/kevin-walter/
He has received his guaranteed money of $11m: 2010 $3m base + $1m roster; 2011 same ($4m); 2012 reduced salary to $2m + $1m roster or total $11m guaranteed & paid. His roster bonus in '13 &'14 should not be counted against cap imo as not guaranteed or upfront bonus. I don't think it would be dead money as he had to make roster to receive.
After 76 pointed out site does say $5m roster earned year one, I stand corrected.