Minnesota Vikings announced the release of former all-pro linebacker Eric Kendricks.
The release will create $9.5 million in cap & cash savings for the team as free agency is one week away. The Vikings now are estimated with $15 million over the cap heading towards the league year. Additional roster moves or restructures will be needed for the team to cap compliant by March 15.
Washington Commanders kick off the NFL combine week with the release of veterans Carson Wentz and Bobby McCain.
The two roster moves create $28.49 million in cap savings and over $30.5 million in cash for the team. This also increases the Commanders’ cap space up to $35.4 million for the upcoming 2023 league year.
Wentz had been traded, multiple times, with the latest coming from Indianapolis to Washington for from three draft selections between 2022 and 2023, including receiving a 2022 2nd round pick for taking on the Wentz contract. Wentz did have an upcoming $10.4 million in vesting guarantees, including a $6.4 million roster bonus due on March 17, 2023. Washington will incur zero dead money on the Wentz release.
New Orleans continue their restructure process, this time pulling the levers on the contracts of Ryan Ramcyzk and Wil Lutz. Per Field Yates:
The team completed a basic restructure with Ramcyzk, along with adding a void year to the contract (for salary cap purposes) to generate $10.336 million in cap savings for 2023. Once more details on the Lutz restructure comes available, his contract details will be updated.
Expect more from the Saints as they continue towards salary cap compliance by March 15.
Tennessee Titans have begun their offseason moves with reports coming out on veteran player releases of Taylor Lewan, Robert Woods, Zach Cunningham, and Randy Bullock. The transactions will generate ~$38 million in cap savings for 2023.
The releases of Woods and Lewan will create $26.8 million in cap dollars for the 2023 league year. The release of Robert Woods marks the end of an era where the former regime attempted to build a wide receiver room with failed trades of Julio Jones and Robert Woods, along with trading away star wide receiver AJ Brown during the draft.
The three releases will move the Titans out of the red, with over $4.2 million now in available cap space. Expect more transactions from the team leading up to the league year start in March.
*Update* as of 2:12 pm CST. Zach Cunningham has also been released per Tom Pelissero
New Orleans continue to pull their available salary cap savings levers, this time adjusting the contract of Center Erik McCoy. News from Field Yates of ESPN
McCoy is due a, fully guaranteed, $10 million roster bonus on the March 19 (5th day of the league year). The Saints have adjusted this roster bonus to a signing bonus, allowing the money to pro-rate over 5 years. This move does not change how McCoy receives his money. The adjustment creates $8 million in cap savings for the 2023 league year.
We close out the regular season on a high note with Sean Pendergast of CBS Radio and SportsRadio610 Houston. Sean and TexansCap dove into the David Culley situation, how the Brian Flores firing effects Deshaun Watson, thoughts on the loss to Tennessee Titans, the continued progression of Davis Mills, and which players are the team MVP for the offense, defense, and rookie class.
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This week TexansCap is joined by Aaron Wilson of SportsTalk790 Houston. We dove heavily into the future of the organization, what’s next for head coach David Culley, and the Deshaun Watson situation. We also discussed potential re-signings for the pending free agents currently on the roster.
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