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Old 03-23-2013   #1965
76Texan
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Default Re: Ed Reed agrees to terms with Texans

Quote:
Originally Posted by The Pencil Neck View Post
Yes, we do. But the rookies salaries are pretty much locked in and not very negotiable. Add that to the fact that we're drafting relatively late, the contracts for the rookies aren't going to be that big.

IIRC, we had $11 million of cap space. We were expecting Reed to take about $6 million of that space this year. Along with Lechler's signing, THAT would leave us enough room for nothing but signing the rookies and vet-minimum contracts without someone re-structuring. But if we've got an extra $2.7 million, that means we might still be able to get one of the better free agents still on the market. (And of course, we can always restructure someone.)
We had less than $11M.
With the signing of McCain, Gardner, Reed, and Lechler plus the rookie (Not all of the guys on the reserve/future list will make it, releasing a little cap space there) my estimation is that the Texans is right up to the limit; maybe with a Mil to spare.

Any more signing will require restructuring a player or a cut.

Looks like Reed got a $4M signing bonus plus $1M base salary in 2013 (and an incentive for playing time of anothe $1M).

The signing bonus is pro-rated for 3 years, such that 1/3 is counted against the cap this year ($1.333+1+1= $3.333M).
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