The Buffalo Bills signed safety Robert Blanton to a veteran-minimum, one-year contract on Friday, and per a report from ESPN's Mike Rodak, it's looking like the contract signed earlier in the week by tight end Jim Dray will qualify for the same benefit.
Bills TE Jim Dray signed one-year deal at minimum salary ($760k). Not sure on bonus, but likely qualifies for veteran minimum cap benefit.— Mike Rodak (@mikerodak) March 19, 2016
Dray's $760,000 base salary is the veteran minimum value for a sixth-year player, but his deal only qualifies for veteran minimum benefits if the Bills gave him $80,000 or less in bonus money. As Rodak notes, it's very likely that that's the case; it would not be surprising if, like Blanton, the Bills gave Dray an $80,000 signing bonus.
If that ends up being the case, both Blanton and Dray would count $680,000 against the 2016 salary cap for the Bills - $80,000 each for their bonuses, and then $600,000 each as the minimum benefit cap value of the base salaries.
Combining the two cap values to end up with $1.36 million, which would replace two contracts in the Top 51 accounting totaling roughly just over $1 million, the Bills have likely signed two experienced role players at a net cap cost of somewhere between $300,000 and $400,000.