It seems as if everyone's first one or two reactions to the Eric Winston cut is 'WHY NOT JACOBY JONES?!' Well, there might be a reason for that.
Now, let me preface this by saying in the last week or two, spotrac has changed the details on Jacoby Jones contract. I dont know if they got better information, but I'll go ahead and run with this new info.
Year 1 - 2 Million Base, 500K Bonus
Year 2 - 3 Million Base, 500K Bonus
Year 3 - 4 Million Base, 500K Bonus
Guaranteed - 3 Million (1 Million Remaining)
So now we see that Jacoby has 2 million guaranteed to hit the Texans cap (1 Million in Base, 1 million in signing bonuses). His 3.5 million cap number would let the Texans save only $1.5 million this season, while saving 4 million dollars next year. If the Texans wait till June 1st to cut Jacoby, they could actually save 2.25 million this season (and 3.25 next year). The Texans could make this designation now (teams are allowed two of these per year) but there is no point of cutting someone when you have no backup for the position at the moment, as these designations could be valuable towards a veteran this season. The Texans would be best served to take their time with Jacoby and make sure they have a drafted WR/FA WR who can step into his role. 3.5 Million is not a large cap hit to take this year, especially when youre looking at a 4 million dollar savings with a 500K cap hit in 2012.