SUMMARY: With a number of moves including not exercising a $50 million option for QB Steve McNair or an option bonus with QB Billy Volek, the Tennessee Titans are below the salary cap. If the NFL extends the CBA over the next three weeks, the team will be in even better cap shape. The move with McNair will make him a free agent after the '06 season. Volek will become a free agent after the '07 season. Other moves today include not exercising an option with LB Peter Sirmon making '06 his final year. The Titans renegotiated G Benji Olson's deal, extending it by four years. RB Travis Henry also had his contract renegotiated. The team extended T Michael Roos' contract by one year and FS Lamont Thompson's by three. CB Pacman Jones' contract was also extended by a year. Tenders were extended to all exclusive rights and restricted free agents. What do you think about this article? Post your comments below.