Less than 12 months after signing him to a four-year contract, the Raiders have parted ways with safety Nate Allen, terminating his contract, according to a Pro Football Talk report (via Twitter). Allen will immediately become a free agent without having to pass through waivers.
After spending his first five NFL seasons with the Eagles, Allen inked a four-year, $23MM contract with the Raiders in free agency last March. That contract rightly raised some eyebrows around the league, but all of the fully guaranteed money included in the deal was paid out in the first year. That means the Raiders won’t carry any dead money on their cap for Allen going forward.
As Adam Caplan of ESPN.com tweets, Allen’s $4.9MM base salary for 2016 would have become fully guaranteed on Wednesday if he was still on the Raiders’ roster, which explains why he was cut today. After paying him $7MM in his first and only season in Oakland, the Raiders will be off the hook for Allen’s cap hits of $5MM in 2016, $6MM in 2017, and $5MM in 2018.
Although he started 69 games in his five seasons in Philadelphia, Allen’s performance was up and down. Still, he had a fairly strong season in 2014, racking up 62 tackles, four interceptions, three fumble recoveries, five pass deflections, and a sack. Injuries derailed his 2015 campaign, however — he was placed on IR with the designation to return after Week 1 due to a knee injury, and while he returned later in the season for a few games, he never got fully healthy, and ended up back on IR to finish the year.
Assuming his knee is good to go for 2016, Allen could be a decent bounce-back candidate for a team in need of a safety this offseason. He’ll likely come at a much cheaper rate than he did a year ago.
Photo courtesy of USA Today Sports Images.