I believe that was for a restructure. Not a pay cut. I could be wrong though.
That's correct.
Demarcus Ware made it clear that he was willing to restructure, meaning lowering his 2014 cap hit while getting paid the same amount of money (another signing bonus), but unwilling to take a pay cut.
I don't understand all this salary cap stuff but I would think the Cowboys offer wouldn't be that much lower than if he was on the open market.
Is there a team that is going to offer him some huge contract based on his looming injury issues?
I agree.
Dallas can net just over $7M in cap room by releasing Demarcus Ware.
Ware and his agent know this, they also know what the market was paying out last year.
If the team asks Ware to take a $7M reduction in base salary, it would put him at $5.25M for 2014, which is in the range free agent DE's were signing for last year.
Even with a $7M reduction in base salary this year (down to $5.25M) and an $8M reduction next year (down to $5.75M), Ware stands to make a lot more with the Cowboys than he does as a free agent, IMO.
Dallas would save $15M against the salary cap the next two seasons while Ware would still be able to make $11M.
In return for the pay cut, Ware's '14 base salary would become fully guaranteed, assuring that he wouldn't be released.
The '15 base salary wouldn't become fully guaranteed until a certain day in the first week of that league year. The Cowboys would have the option to release Ware before the guarantee took effect if his play in '14 was unsatisfactory.
Still, the chance to make $11M in Big D the next two seasons while keeping his family put seems much more enticing than testing free agency and having to move.
Ware's contract is currently set to void following the '15 season.