Original contract: Two years, $17 million (One year remaining)
2020 cap hit: $8 million
The most likely scenario has the Titans cutting Delanie Walker during the offseason. He’s set to make $8 million in 2020, and that’s just too much money for an aging tight end who has had each of his last two seasons end early due to issues with the same ankle.
Not to mention, Jonnu Smith played well in his absence, which showed the Titans that life after Walker will be just fine. This only adds to the leverage the Titans have in convincing Walker to take a pay cut if they have any desire to keep him in the first place.
Should the Titans cut Walker, he’d carry a dead cap number of $1.6 million, which would save the Titans about $6.4 million in cap space. Of course, restructuring the final year of his contract and making him take a pay cut is a possibility, but it would have to make sense for Tennessee.
The only way that would happen is if Walker takes a salary right around that dead cap number. This way, the Titans could still get whatever production Walker has left at 36 years old for that price instead of the money simply being wasted.
It isn’t clear if the Titans even want to bring him back, but if both sides want a reunion, the only way that will be possible is if Walker takes a significant pay cut, or else he’ll be a cap casualty.