McCray has signed tender, which will pay McCray a $1.85 million salary this season
To take you back a little bit, Bobby McCray was so outraged that the Jaguars would place a first round tender on him and increase his 2007 salary by nearly four times of his 2006 salary, McCray decided to hold out of all voluntary and involuntary OTA's (organized team activities) and minicamps.
McCray found it extremely insulting that the team would offer him $1.85 million to play out the 2007 season, after the former seventh-round pick (2004) recorded 10 sacks last season. The Jaguars likely feel that McCray hasn't yet proved himself enough to get a new contract, and they are exercising their right to tender him. McCray has reportedly asked for a trade, or a new contract, neither of which appear to be forthcoming.
Unfortunately for McCray, the deadline for him to sign his tender is June 15th, and if he doesn't sign by then, the team can drop the tender and pay him approximately 110% of his 2006 salary, which would be a little over $500K. If for some reason McCray and agent Drew Rosenhaus continue their posturing, McCray will lose approximately $1.3 million, which is nearly the total amount of his career NFL earnings.
Bobby McCray does have one other option. He can not sign the tender, and continue his holdout into the regular season. Unfortunately for him, if he holds out during '07, he will not have his fourth accrued season, and he would be a restricted free agent again in 2008. A few months ago I visited this situation and gave Bobby McCray a little bit of advice. Let me repeat myself- "Bobby, what are you thinking? Let the Jaguars make you a millionaire by signing your tender. Play your best football in 2007, and if you are truly bitter about the situation in Jacksonville, get paid elsewhere."