The Cardinals will save $3 million on this year's cap with Hood's release, but according to a league source, will absorb $1.5 million in dead cap space. Hood was tied for the most touchdown passes given up last season (9) with CB Ellis Hobbs, who was traded to the Philadelphia Eagles last weekend. The Cardinals signed free agent CB Bryant McFadden to a two-year, $10 million deal earlier this year and he's slated to take over in the starting lineup for Hood.
Edgerrin James spent the past three seasons with the Cardinals after joining the team as a free agent in 2006. He started in 39 games during his tenure in Arizona with 794 carries for 2,895 yards and 16 touchdowns and rushed for over 1,000 yards in both 2006 and 2007. The team will save $5 million on this year's cap with the release of the veteran back, but will take on just short of $2 million in dead cap space. James was on the final year of his contract. The Cardinals selected RB Chris Wells in the first-round of last week's NFL draft and signed free agent RB Jason Wright for depth purposes.
Wells is the projected starter with second-year RB Tim Hightower and Wright vying for the No. 2 job. A team source said to keep an eye on seventh-round pick LaRod Stephens-Howling, who the scouting staff sees as an excellent change of pace candidate.
"It's never easy to release veteran players who have contributed to the team's success and these three individuals certainly fall into that category," said head coach Ken Whisenhunt. "But like every decision we make, it simply comes down to what is in the best interest of our football team and what gives us the best chance for success. We're grateful to all three of them for their contributions and wish them nothing but the best in the future."
Fans say goodbye to Edgerrin James, click here.