Last year, the Bills picked up Gilmore's fifth year option. According to Spotrac, Gilmore's cap hit in 2016 will be $11,082,000. Instead of absorbing such a large cap hit, the Bills have the option to sign Gilmore to an extension this offseason to lower his cap hit in 2016. In doing so, Buffalo would free up more money for Cordy Glenn, Richie Incognito, and others.
Sal Capaccio of WGR-550 spoke to GM Doug Whaley about this possibility and it sounds like it's certainly an avenue the Bills plan to explore.
"Absolutely," said Whaley. "And that's why (Jim Overdorf) and his staff will be meeting with his representatives. Not only will they be meeting with the unrestricted and restricted, but other guys on the team that we might want to extend."
Over the course of 51 starts for the Bills, Gilmore has recorded 178 combined tackles, nine interceptions, four forced fumbles, and 50 passes defensed. The cornerback has improved yearly on the field and played some of his best football in Rex Ryan's defense. Gilmore and Ronald Darby had an outstanding season together in 2015 and finding a way to keep the duo together for years to come would only help the defense.
Gilmore is one of the league's most underrated cornerbacks and is certainly deserving of a multi-year extension. Ryan Talbot of Buffalo Football Report actually proposed the idea of extending Gilmore this offseason back in January.
Extend Gilmore and find a way to save cap space in 2016? That's what you call a win-win situation.