That's correct. There are actually two extensions being accounted for on his 2015 cap number. One adds another $4M or so & the other adding $2M. The former ($4M) will be "paid off" in 2015, leaving only $2M on 2016.
With that in mind, if the Texans can reduce his 2015 compensation to $5M, his new cap number would be $11M in 2015 & a similar deal would work out to $7M in 2016.
According to OvertheCap.com, Andre has a base salary of $10.5 in 2015 and a base salary of $11.5 in 2016. He has pro-rated signing bonus figures of $4,644,583 in 2015 and $2,675,000 in 2017 plus roster bonuses (post June 1) of $1,000,000 in each of 2015 and 2016.
It seems there are two paths: 1) Ask Andre for a pure paycut. This is not likely in my opinion 2) Ask Andre to restructure (much like Brady and other QBs have done). This might extend the contract by one year, and spreads out the cap hit, while guaranteeing Andre a larger percentage of the money left on the deal.
Andre has stated he'd like to play 15 seasons. That would be through 2017.
One possible restructure might be: 1) Reduce his base salary to $2.5M for each of 2015-16, and add another $2.5M for 2017. 2) Convert $15M in base salary reductions over 2015-16, into a signing bonus for 2015-17: this would be a $5M/year pro-rated INCREMENTAL bonus on top of his existing pro-rated signing bonuses (which can not by rule be reduced). The result would be something like:
2015: $2.5M Base + $4.64M + $1.00M + $5.0M = $12.14M (vs $16.14M)
2016: $2.5M Base + $2.68M + $1.00M + $5.0M = $11.18N (vs $14.68M)
2017: $2.5M Base + $5.0M = $7.50M (vs no contract in place today)
This lowers our cap hit by $4M in 2015 and by $3.5M in 2016.
Our exposure in 2017 would only be for $5M (signing bonus pro-ration).
Personally I could live with this, even though it's above market.
By comparison, Andre's cap hit number in 2014 was $15.64M.
Thoughts? Capology experts - is this feasible?