Scout · Jun 18, 2016
The Rundown: What Does Shorts' Pay Cut Mean?
The news is out that veteran wide receiver Cecil Shorts III is taking a pay cut to stay with the Houston Texans for the 2016 season. The parameters of the pay cut accepted by Shorts is as follows.
Shorts’ base salary will drop from $2.75 million to $1.2 million in 2016.
The total savings is $1.55 million.
Shorts now has a roster bonus of $500,000, which can help regain a portion of the $1.5 million that he lost for the payout.
If Shorts makes the roster for the season, he will "only" be out of $1 million.
Shorts signed a 2-year deal worth $6 million with $2.5 million guaranteed prior the 2015 off season.
Related Story: Cecil Shorts III Takes a Pay Cut
What does this all mean?