Yesterday Titans DE/LB Kamerion Wimbley agreed to a massive paycut to remain a member of the Tennessee Titans. Wimbley, scheduled to earn $6 million in 2014, slashed his 2014 salary to $3 million and in return received $1.25 million in guarantees, paid out as a $500,000 roster bonus and $750,000 base salary guarantee. Wimbley is also eligible for a $250,000 offseason workout bonus so realistically the guarantee on the contract is $1.5 million.
In 2015 Wimbley can now earn $2.75 million, $900,000 of which is a roster bonus. This represents a reduction in salary of $3.75 million. In 2016 Wimbley can earn $3.25 million, down from his original $7 million total.
In summary Wimbley’s new deal is for $9 million which is a $10.5 million salary cut from his original contract. Because no signing bonus was paid Wimbley’s potential dead money charges remain the same. In 2015 his cap figure will be $950,000 higher than the cost of cutting him, which is probably enough to not make him safe in 2015 unless his performance improves.