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Tuesday, March 13, 2012
Midday contract roundup

By Dan Graziano

Less than two hours left now until free agency opens, but there's been a decent amount of NFC East-related activity already today. I figured I'd throw it all in one post and let you guys pick what you want.

Eagles sign Todd Herremans to three-year contract extension

Herremans was already signed through 2013, and his salaries the next two years remain unaffected. But now he's signed through 2016 and gets an additional $11 million guaranteed with the potential to earn $21 million more than his original contract called for if he plays the whole deal out. Herremans was supposed to be the team's left guard last season, but he moved to right tackle in training camp and played well there. The Eagles have adjusted his salary to one more commensurate with a tackle than a guard, which indicates they plan to leave him there going forward. Nice reward for performance.

Giants restructure David Baas' contract

Ralph Vacchiano of the New York Daily News reports on Twitter that Baas, the Giants' center, agreed to a restructure that drops his 2012 salary from $3 million to $900,000. As Ralph says, the remaining $2.1 million was surely converted into a bonus, so Baas still gets it, but it should help the Giants against the cap this year. They've been over the cap for most of this offseason, and have had to make a number of different moves recently to allow them the freedom to make some signings.

Terrell Thomas gets $11 million guaranteed

The Giants' injured cornerback, who re-signed this morning, told Sirius XM Radio that his new deal is worth $28.4 million over four years with $11 million guaranteed. While it's certainly not a remotely unfair deal for a guy who just missed an entire season with a knee injury, it's a good deal for the Giants, who would have had to pay much more to retain Thomas had he been healthy, played well all year and helped them win the Super Bowl. Fellow free-agent cornerback Aaron Ross is likely to command more, which is why he was always less likely to be back. It remains to be seen whether they can afford Ross, but if they can't, and if Thomas is healthy, he offers some coverage.

Marques Colston is off the market

The Saints have retained their top receiver on a five-year, $40 million deal that includes $19 million in guarantees. The Saints are in the NFC South, so this isn't technically our story. But he was the No. 2 wide receiver on the market behind Vincent Jackson, and the top fallback option for the Redskins (and other teams) should they fail to land Jackson. The drop-off to the next-best wideout on the market now is severe, and this deal will make it even more difficult (and likely more expensive) to get Jackson.

Bye, bye, Buehler

The Cowboys just announced they cut kicker David Buehler, which comes as no surprise. Dan Bailey made Buehler unnecessary with a brilliant rookie season, and the Cowboys get a little bit of cap room by cutting him loose.