Originally Posted by 76Texan
Upon further study of the salary cap rules, the Texans are still able to sign at least one more "quality" player even though at first look, the team is up to the cap space.
The reason being not all of the year-one cap charge to rookies apply until later, with the Texans already having more than 51 players under contract with salaries that are at least equitable in cap accounting.
My estimate is that the Texans can still sign another player with the same cap charge as Ed Reed without going over the cap.
Some players will have to be cut down the road at the time when the rules require the Texans to do so to stay under the cap (I'm not sure of the time - I need to study further about the effect of the June 1 designation among other things.)
In summary, if the Texans choose to go "win-now" mode, we may still see another signing or two. And they can sign a few players to the vet minimum as well. Free Agency doesn't have to end for the Texans yet.
Given that the Texans have not asked Schaub, A.Smith, W.Smith, Foster, or OD to restructure, they can easily free an additional couple million dollars for the cap with minimal effort and harm to the cap moving forward. Also, this is a unique free agent market. There has never been this much talent free with so few available dollars in the history of the modern NFL.
Here's the list: http://www.spotrac.com/free-agents/nfl/available/