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Eric Wright becomes free agent after 2013

Eric Wright AP

So why did Bucs cornerback Eric Wright agree to reduce his salary from $7.5 million to $1.5 million?

Apart from the fact that no one was likely to pay him more than that, the revised contract reveals that the Bucs ripped up the final three years of his original five-year deal, which means he’ll become a free agent in 2014.

The deal also gives the Bucs flexibility; they can cut Wright and owe him nothing because none of the money is guaranteed.

If he makes the team, he can make another $1.5 million in so-called “not likely to be earned incentives” tied to factors including playing time, wins, and qualifying for the playoffs.

Tampa Bay’s leverage to re-do the deal came from the voiding of Wright’s guaranteed salary of $7.5 million in 2013, thanks to his four-game suspension for Adderall use in 2012.

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8 Responses to “Eric Wright becomes free agent after 2013”
  1. thegreatgabbert says: Apr 11, 2013 9:32 PM

    Now the Bucs take that extra step for Eric. Ripping up the final few months of his new contract to make him a free agent in 2013. Going above and beyond.

  2. palmersports says: Apr 11, 2013 9:36 PM

    just cut him.

  3. mackcarrington says: Apr 11, 2013 10:00 PM

    I wasn’t one who bought into the “NFL collusion theory”, but something is going on here. From 7.5 down to 1.5 mil. ?? It appears that all of the teams now are re-setting the bar on what quality players get paid. More power to them, but it certainly looks like an all-out effort by most teams in the league to rectify “overpayment” of a lot of players in the league. “Take this pay cut or find yourself jobless” seems to be the new battle cry for teams that are not even in salary cap trouble.

  4. pftfollower says: Apr 11, 2013 10:13 PM

    So he can be traded to the Jets maybe?

  5. mjkelly77 says: Apr 11, 2013 11:02 PM

    I’m glad that the Lions let this guy go. The Bucs obviously, in their overexuberance, overpaid him. They dodged a bullet with the voiding of that original contract.

  6. siggtacular says: Apr 12, 2013 2:41 AM

    He’s mediocre.

  7. jwayne03 says: Apr 12, 2013 8:09 AM

    now they can overpay for revis…

  8. buccaboo says: Apr 12, 2013 11:40 AM

    It’s amazing that this kid lost all of that money for taking a drug–STOOPID move Wright

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