The Tennessee Titans have placed right tackle Michael Oher on season ending injured reserve with a toe injury that has plagued him for several weeks. The Titans signed Oher to a four year $20 million dollar contract with $9.35 million guaranteed. That includes Oher’s first year salary of $2 million and most of his second year salary of $4 million ($3.25 million).
I asked former agent and current CBS contracts and cap analyst Joel Corry (@JoelCorry) to explain the cap charge for Oher’s release:
The $3.35M of Oher’s $4M ’15 salary is fully GTD 5 days after the start of the ’15 waiver period (2/7). His ’15 cap number is $5M. There’s $3M in dead money pre June ($2M cap savings). There’s $4M in cap savings post June but also $2M of dead money in ’16.
If the Titans move on from Oher, as Jim Wyatt of the Tennessean reports as a possibility, they must make a decision whether to take the cap hit in one year or spread it over two years. Over the Cap has a good explanation of how the pre and post June waiver works here.