You sign this guy, you're gonna have to pay him at least the veteran minimum of $720,000 because he put in eight years service time. Here's what that $720,000 will get you:
1. A guy who has had trouble keeping his weight down and is an inconsistent blocker in both the running and passing game.
2. A guy who was paid Pro Bowl money at one point, but never made the Pro Bowl.
3. A guy who was let go by his team at the end of 2011. No one picked him up, so he sat at home and who knows what kind of shape he is in now.
4. A guy who is 32 years old, an age where most players at his position begin to break down, although his breaking down was clearly noticeable in 2011.
Bottom line: I wouldn't pay $7.20 for Vernon Carey.
If you sign him for the vet minimum, the league picks up the difference between the vet minimum and rookie minimum. He doesn't even cost more than the rookie wage in cap dollars.
And point #2 doesn't mean anything to anyone except a disgruntled fan.
I doubt Carey will find any takers, but he will be cheap to whomever signs him.