As soon as news broke that Ed Reed was released by the Houston Texans, every halfway legitimate Dallas Cowboys fan in America immediately started calling for Texas’ more popular team to sign the future Hall of Famer. The Cowboys can only put a waiver claim on Reed at this point, but would that be a wise thing to do? Not necessarily.
Ed Werder reported the Cowboys have already had an internal discussion about Reed and it’s only natural to think they would put a claim on him to at least see what he would bring to the table. However, Reed would cost the Cowboys $411,000 in base salary if they claimed him plus a bonus of $62,500 per game this year. Put simply, that will scare away a lot of teams, but Dallas is an interesting case.
The Cowboys don’t have much salary cap space, but if Reed was brought to Dallas, he would be expected to start at free safety immediately, so that $62,500-per-game bonus would add up quickly: $375,000 for the remainder of the regular season, making his total pay $786,000. He may be a nine-time Pro Bowler, but he wasn’t exactly stellar for the Texans this year and that’s a lot to pay for a gamble on an aging 35-year-old safety.
It would be more realistic for the Cowboys to talk to Reed as a free agent, but he would have to clear waivers first and considering his name, that’s not likely to happen. It’s certainly possible — just like it’s possible for Dallas to claim him — but it’s highly unlikely.