Originally Posted by thunderkyss
So, I'm listening to 610, they just said after the money they set aside for the rookies, the Texans have $1.7M
How are we going to sign Glover, Connor, & James with only $1.7M?
March 12th is only 3 weeks away. Shouldn't we be hearing about contract restructures & player cuts by now? We're seeing other teams, the Jets specifically, making moves to free up money. Are we sitting on our thumbs or do you think Rick Smith is putting in overtime?
I would imagine there's negotiations going on behind the scenes - or will be shortly. Other than street free agents (guys who weren't under contract at the end of the 2012 season, or have been released since then), negotiations can't begin with free agents until March 9th, and no signings can take place before March 12th. The 12th is also the date by which teams have to be at or under the cap, so there's time. Last year, Winston was released on March 13 (Just before the cap had to be complied with), and they waited until May 1 to let Jacoby go.
Regarding the restructures, (contract modifications reducing the current year salary cap hit, but having no negative financial impact to the player) you typically don't want to do these unless you have to. These type of restructures help out the current year, but come at a cost in future years, so generally you put the groundwork in place, but don't actually pull the trigger unless/until there's a specific reason to. Also (and this is only going from memory), the Texans have never really announced restructures, but it seems like the info regarding who restructured trickles out at some point down the road.
As far as releases and reductions in salary, there's no reason not to go ahead and do those, but unless you're over the cap (which it doesn't appear the Texans are), there's no reason to do them now other than to give the player the benefit of an early start on free agency. Also, there may be a strategic advantage to waiting until the last minute (perhaps even the final cut of the 2013 preseason) to tell the player to take a pay cut or be waived. The fewer options they have, the more likely they may be to accept a cut.