SUMMARY: As expected, the Titans declined to exercise the $50 million option on McNair's contract, which would have added three more seasons (2007-09) to the deal. But the team still has the option to cut McNair at a future date or restructure his contract. McNair now has one year remaining on his current deal with a base salary of $9 million. At that salary, he will count $23.46 million against Tennessee's salary cap, according to Cook, because millions of dollars that had been prorated over the contract for four years accelerated and goes against only the 2006 cap. The NFL salary cap stands at $94.5 million per team, though it could increase by as much as $15 million per team with a new collective bargaining agreement between the NFL and its players. What do you think about this article? Post your comments below.