Green Bay Packers receiver James Jones agreed to a one-year contract for the veteran minimum of $870,000 when he re-signed earlier this week.
The 31-year-old receiver counts only $585,000 against the team's salary cap because of the veteran salary benefit, according to a league source with access to the NFLPA salary database.
Jones, who didn’t receive a signing bonus from the Packers, left Green Bay in March 2014 to sign a three-year, $10 million contract with Oakland. The Raiders didn't give Jones a signing bonus, but the deal included a guaranteed $2 million roster bonus.
Although Jones’ contract has split-salary language — he'll make a prorated $438,000 for the remainder of the season if placed on injured reserve — the Packers are assuming some risk in re-singing him. If Jones is on the 53-man roster for Sunday's opener in Chicago, the vested veteran is eligible to earn the entire balance of his 2015 contract as termination pay if released at any point later this season.
Players with more than four accrued NFL seasons are allowed to collect on a one-time-only basis if released after Week 1.
Receiver Jared Abbrederis and eight other players re-signed to the Packers’ practice squad this week will receive the standard pay of $6,600 per week (or $112,200 if on the roster all season). The only contract that hasn’t been filed is for receiver Ed Williams, who officially signed Tuesday