Titans Won't Exercise $50 Million Option On McNair
18th February, 2006 - 4:21 pm
Tennessean - A $50 million option bonus was added to Titans quarterback Steve McNair's contract in March 2004.

Nearly two years later, Titans General Manager Floyd Reese said what most everyone expected to hear.

"We won't exercise,'' Reese said of the bonus. "You can write that if you want, though I don't think it will be a surprise to anybody.''

The option, which would add three years to the contract and extend it through 2009, is due in March. Even with the Titans declining to exercise it, McNair will remain under contract through the 2006 season, when he's scheduled to make a base salary of $9 million.

In the meantime, the Titans will continue to talk with McNair's agent, Bus Cook, about a restructured contract. Reese said the $1 million non-exercise fee isn't due until September, according to Cook. [READ]

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