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Old 03-23-2013   #1966
The Pencil Neck
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Default Re: Ed Reed agrees to terms with Texans

Quote:
Originally Posted by 76Texan View Post
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).
Ah, well. I'd hoped that extra 2.7 would be able to be used on someone.
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