Maxman Posted February 26, 2005 Share Posted February 26, 2005 http://sports.espn.go.com/nfl/news/story?id=2000397 Gannon will likely retire By John Clayton, ESPN.com The Oakland Raiders made the first step in helping their cap situation by restructuring the contract of quarterback Rich Gannon, taking his $8 million salary to the NFL minimum. Rich Gannon Quarterback Oakland Raiders Profile 2004 SEASON STATISTICS Att Comp PaTD RuTD Int Rat 68 41 3 0 2 86.9 Gannon probably will retire this summer because of neck problems. By helping the Raiders, he can stay on the active roster until June and then be released. His new base salary will be $765,000, saving the Raiders $7.35 million. With that deal, the Raiders are now $10.9 million over the cap. Charles Woodson's signing of his $10.5 million franchise tender did limit some of the Raiders flexibility after March 2 when they'll put in the Randy Moss trade. Moss has a salary of $7.25 million. Unless they restructure his contract, the Raiders will have to be more than $7 million under to put in his salary. The Raiders can save $8 million by releasing veterans such as Frank Middleton, defensive tackle John Parrella, Ron Stone and tight end Roland Williams. They can also restructure some contracts to get under the salary cap. The biggest challenge is getting that additional $7 million to fit in the Moss contract. Link to comment Share on other sites More sharing options...
Maxman Posted February 26, 2005 Author Share Posted February 26, 2005 I always thought Gannon would end up with the Jets one day because of his history with Hackett. Looks like I thought wrong! Link to comment Share on other sites More sharing options...
Smizzy Posted February 26, 2005 Share Posted February 26, 2005 I can't stand Rich Gannon. Link to comment Share on other sites More sharing options...
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