The news is out that veteran wide receiver Cecil Shorts III is taking a pay cut to stay with the Houston Texans for the 2016 season. The parameters of the pay cut accepted by Shorts is as follows.
- Shorts’ base salary will drop from $2.75 million to $1.2 million in 2016.
- The total savings is $1.55 million.
- Shorts now has a roster bonus of $500,000, which can help regain a portion of the $1.5 million that he lost for the payout.
- If Shorts makes the roster for the season, he will "only" be out of $1 million.