Texans cut three, eat more money in bad deals
The Texans cut three players today.
Defensive tackle Seth Payne, offensive tackle Zach Weigert, and wide receiver Eric Moulds all got cut.
The Chronicle posted a report by Megan Manfull that's heavy on quotes, but unfortunately she had nothing to say about contracts and cap impact -- rather important matters, one might think.
Payne and Wiegert were products of the disastrous Capers/Casserly regime, so we'll dismiss them as old, injured, and in the way.
Moulds, on the other hand, was brought in after Gary Kubiak took over:
Moulds, 33, a first-round draft pick of the Buffalo Bills in 1996, was obtained in trade from the Bills on draft day last year in exchange for a fifth-round pick (134th overall).
A team as lacking in talent as the Texans simply can't be giving up draft picks -- even fifth rounders -- for players who are not productive.
Even worse, the Texans restructured Moulds' contract when they acquired him, paying out a $5 million signing bonus on a four year contract worth $14 million.
Just for fun, I went back and looked at the Payne deal signed by Casserly in 2005 -- $4.5 million signing bonus, four years for $16 million.
I couldn't find details of Weigert's contract, but he apparently got a nice extension in May 2006, which makes him a brilliant decision of the Casserly/Capers AND Kubiak regimes. An estimate of his 2007 cap impact is located here.
The Texans' football people sure do waste a lot of Bob McNair's money.
Look for Domanick (Davis) Williams and David Carr to cause even more cap pain.
UPDATE (03-01-2007): John McClain elaborates on the moves in the Chronicle today, basically reporting the Texans spin (Payne and Wiegert were cap moves, Moulds was a "football decision" by Kubiak). While the story mentions the Texans' dead cap space and GM Rick Smith's efforts to manage the Texans' cap mess, there is not much analysis of how these moves affect the cap specifically (i.e. how much dead cap space does it create and for how long, how much overall cap space does it free?). The absence of such analysis would be surprising, save for the fact that we are talking about the Chronicle, and expectations are low.
BLOGVERSATION: Houston's Clear Thinkers.
Posted by Kevin Whited @ 02/28/07 08:19 PM | Technorati | Comments (1)
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