The move clears $2.4 million in salary. Despite some hard feelings on the part of incumbent quarterback Colt McCoy after the Browns drafted Brandon Weeden in the first round, McCoy appears to have been kept over Wallace as Weeden’s primary backup.
McCoy is owed minimum base salaries and cheaper than Wallace. The Browns also look to be keeping Thaddeus Lewis as a third-string quarterback.
No quarterback depth chart in the league is as cost effective as the Browns’.
They will hope the on-field product is effective, as well.