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We’ve gotten a look-see at the receiver Marvin Harrison’s contract with the Colts.
As Adam Schefter of NFL Network has reported, Harrison has a $13.4 million cap number for 2009.
The inflated figure comes from sins of salary cap years past.  In 2005, $7 million of a roster bonus was converted to a guaranteed payment.  Ditto for $10 million of a roster bonus due in 2006.
Though we assumed that Harrison’s base salary for 2009 is $7 million, it’s actually a whopping $9 million.  With a $2 million acceleration from 2009 hitting the cap if Harrison were to be cut, the net savings would be $7 million, with $6.4 million in dead money.
But since only $4.4 million of Harrison’s 2009 cap number arises from bonus allocations, the Colts could keep Harrison with the same $6.4 million cap charge if he were to agree to reduce his base salary to $2 million.
So the question, in our view, is whether the Colts have given him that option – and whether Harrison is willing to comply.
The real question, in our view, is whether anyone else would pay Harrison $2 million this year.  Based on his gimpy knees and, on a couple of curious occasions last year, a slight case of alligator arms, we’d be surprised if anyone else would give him much more than that.

Permalink 8 Comments Feed for comments Latest Stories in: Indianapolis Colts, Rumor Mill, Top Stories
  1. Southernboi727 says: Feb 19, 2009 12:46 PM

    Marvin should just take the reduced salary, stay with the colts and retire a colt in a couple of years and be 1st ballot hall of famer.

  2. FillyFinatic says: Feb 19, 2009 12:58 PM

    Housh will end up in a colts uniform im sure of it.

  3. Ralph GreNader says: Feb 19, 2009 1:04 PM

    patriots. I’ve called my shot. put it in the books

  4. empty13 says: Feb 19, 2009 1:04 PM

    he isnt a #1 wideout anymore. not close.

  5. bc says: Feb 19, 2009 1:09 PM

    If Cris Carter is not a first ballot hall of famer, Marvin is not one either.

  6. reptar says: Feb 19, 2009 2:37 PM

    The Colts need to start developing his replacement – if not now, then it seems like it will never happen. He’s a third-down possession receiver at best these days. Why not see what some of the young guys, or potentially a rookie, can do? They have enough other weapons to hold serve for the time being.

  7. Crushing Touchdown Run says: Feb 19, 2009 2:54 PM

    I’m confused.
    What is the question, in your view?

  8. BobSandersWillKillYou says: Feb 19, 2009 3:51 PM

    I love Marvin but I’d like to see us pick up the Housh. (prolly not gonna happen tho)

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