The transfer doesn’t preclude McCoy from re-signing with the Cowboys sooner or later however beneath phrases of a brand new contract.
There was an damage waiver as a part of the settlement on the three-year, $18 million deal McCoy signed as a free agent in March that may negate the contract going ahead due to continual tendinitis in his proper knee/quadriceps.
McCoy will probably be allowed to maintain his $Three million signing bonus, however his $2.5 million base wage comes off the books, as does the $750,000 in roster bonuses. He was scheduled to make $5 million in 2021, with $1.5 million assured at time of signing, and one other $5.25 million in 2022 with $750,000 in roster bonuses every season.
Earlier Tuesday, Cowboys coach Mike McCarthy stated he anticipates McCoy will proceed to be across the crew as he rehabs.
“Actually Gerald, that was part of our conversation, he expressed not only a desire to be here and be part of what we’ve started here,” McCarthy stated. “Obviously he’s very comfortable and this is where he wants to be. That’s exactly what he communicated to me.”
The roster transfer got here sooner or later after McCoy tore his proper quadriceps in follow, an damage that required the surgery. McCoy, 32, additionally indicated to ESPN’s Ed Werder in a textual content message Monday that he deliberate to take care of a management position with the Cowboys.
“I will remain the mentor I am to the young guys and do my part to make sure that this team goes where it needs to,” McCoy instructed Werder within the textual content.