The Raiders have assigned a second-round tender offer to restricted free agent quarterback Matt McGloin, a source tells Ian Rapoport of NFL.com (Twitter link). That offer is worth $2.553MM, which comes in the form of a non-guaranteed base salary for 2016.
McGloin, 26, started six games for the Raiders in his first NFL season in 2013. While he threw tossed eight interceptions and led the club to a 1-5 record in those starts, McGloin wasn’t a disaster, throwing for 1,547 yards and eight touchdowns. He has remained a Raider since then, serving as a backup for Derek Carr in 2014 and 2015.
By assigning McGloin a second-round tender, the Raiders will likely assure that they don’t lose their No. 2 signal-caller to a rival team. Had they given him an original-round tender worth $1.671MM, the Raiders would have only held the right of first refusal — the higher tender will allow the team to collect a second-round pick as compensation if McGloin signs elsewhere.
Considering the Raiders have a projected $70MM+ in cap room, the decision to increase their offer to McGloin by less than $1MM to reduce the risk of losing him makes plenty of sense.
According to Adam Caplan of ESPN.com (via Twitter), Oakland has also tendered an offer to RFA offensive tackle Matt McCants. McCants, a backup lineman for the Raiders, will get the low-end, $1.671MM tender, per Caplan. The tender will entitle the team to a sixth-round pick as compensation if McCants signs elsewhere.
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