August 11th, 2016
NFL Wire Transaction:
Richard Leonard – DB
Waived from Reserve/Injured with Injury Settlement
Last week the Texans waived Leonard from the active roster with the injured designation. Leonard recently had surgery for a torn hamstring. Leonard was not a vested veteran so he was subject to the waiver system. After 24 hours no claims were made for Leonard by the other NFL teams; Leonard then reverted to the Texans’ Reserve/Injured roster. Once this occurs the team & player have a 5 business day window to complete a settlement. A settlement was completed releasing Leonard from the Reserve roster; therefore making Leonard a free agent. The amount of the settlement is unknown at this time. I will update once the details are known. The injury settlement amount will go into the “Dead Money” column and count towards the salary cap.