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Bengals sign Peerman, chipping away at salary cap room

Cedric Peerman

Cincinnati Bengals running back Cedric Peerman (30) runs against the Oakland Raiders in the second half of an NFL football game, Sunday, Nov. 25, 2012, in Cincinnati. (AP Photo/David Kohl)

AP

The Bengals haven’t done much with one of the league’s longest list of unrestricted free agents, but they’re doing some smaller business.

According to Joe Reedy of the Cincinnati Enquirer, the Bengals have re-signed running back Cedric Peerman, and tendered an offer to restricted free agent safety Jeromy Miles.

Peerman was slated to become an RFA as well, which means he likely signed a deal worth less than the $1.3 million tender to stay. The team also tendered exclusive rights free agents Andrew Hawkins and Vincent Rey.

After placing the franchise tag on defensive end Michael Johnson, the Bengals have a big list of free agents, including right tackle Andre Smith.

They also lead the league in salary cap space, with more than $50 million worth of room.

That’s a good thing for Bengals fans only if the team uses it.