Ohio State WR Draft Pick #37

[*SHRacerX*]

(05-25-2017, 08:15 PM)Whatever Wrote: Yes and no.  Smith was waived/injured, not released.  A team that claims him off waivers is taking over the contract he signed with the Jets. Normally, if nobody claims the player, they become an UFA, but since he was waived with the injured designation, he reverts to the Jets IR if unclaimed.  If we claimed him, the Jets would take the cap hit for the acceleration of his signing bonus, which would be a cap hit of over $1.2 million.  The Bengals would be on the hook for both the real money and cap hit of his 2017 salary($968k) and 2018 salary($1.235 million).  

Ok, this makes sense.  I wasn't sure why the "waived" part was on there instead of just going to IR.  So, not to belabor the point, but do the Jets have to still honor his original contract or do they sign him for a lessor amount?  That seems pretty rough for a guy still trying to just stay healthy.