Searcy’s base salary for the 2017 season has been reduced from $5.625 million down to $3.4 million and his 2018 compensation has also been dropped from $6.125 million to $3.8 million. He receives $750,000 in annual incentives as part of this deal, according to Yates.
Yates also reports that Titans WR Harry Douglas has agreed to a pay cut as well with his 2017 compensation dropping from $3.75 million down to $1.75 million. Douglas can, however, earn back $1.75 million in incentives.
Douglas, 32, is a former third-round pick of the Titans back in 2008. He spent six years in Atlanta before signing a three-year, $11.25 million contract with the Titans in 2015 that included $3.75 million guaranteed.
In 2016, Douglas appeared in 11 games for the Titans and caught 15 passes for 210 yards receiving and no touchdowns.
Searcy, 28, is a former fourth-round pick of the Bills back in 2011. He played out his rookie contract in Buffalo and eventually signed a four-year, $23.75 million deal that included $7 million guaranteed with the Titans in 2015.
In 2016, Searcy appeared in 14 games for the Titans and recorded 40 tackles, one intercpetion, a fumble recovery and six pass defenses. Pro Football Focus has him rated as the No. 63 safety out of 90 qualifying players.