RedskinsSuperBowl21 Posted February 29, 2008 Share Posted February 29, 2008 http://blog.washingtonpost.com/redskinsinsider/ Posted at 4:42 PM ET, 02/29/2008 Salary Cap Update So the Skins were $3.5 million under the cap yesterday. Once the Collins signing becomes official - he has agreed to terms but all of the paperwork has not yet been executed - that would put the Skins at $2 million under the cap. However, the rengotiation with Santana Moss is complete and official, sources said, creating an additional $2.1 million in space. So let's call it $4.1 for now. And the Clinton Portis renegotiation is essentiall done, sources said, and once that is reflected in the cap figures the Skins would be sitting on roughly $8 million in room. Now, most teams will put at least a few million aside to account for injuries and cap issues through the season, and the Skins will need several million more to sign draft picks. But they will also create more space in June with the Brandon Lloyd cut - and they can trim some fat by making other cuts as well - and of course, Shawn Springs, Marcus Washington and Cornelius Griffin remain prime candidates for new deals should a need arise. To this point the team has not asked any of them for permission to re-do their deals, sources said. The Todd Collins Contract According to sources, here's the breakdown on the deal TC just signed. It is indeed 3 years, worth a max of $9 million, with a $3 million signing bonus (but there's a cap-saving quirk as well). In essence, he'll get $4 million guaranteed - the $3 million signing bonus, a $100,000 workout bonus due this spring, and his $900,000 salary for 2008 (assuming he does not get hurt in the offseason somehow). In 2009 he has another $100,000 workout bonus and a base of $1.9 million In 2010 he has another $100,000 workout bonus and a base of $2.9 miullion (again, base salaries in the NFL are not guaranteed). However, instead of his 2008 cap hit being $2 million ($1 million proration of the signing bonus + $100,000 bonus + salary), it's actually $1.5. How you might ask? Sources said the deal is actually for six years, but the final three years are set up as such so they will void automatically (much like Mark Brunell's last deal voided after 2007). But for cap purposes the $3 million signing bonus is spread over 6 years rather than 3 - hence $1.5 million cap hit rather than $2 million. The Redskins made re-signing Collins their chief priority, with owner Daniel Snyder involved and negotiations going well past 2 am and picking up again in the morning, according to sources. The Skins spent considerable time trying to get this done, including Coach Jim Zorn flying to Quincy, Mass. yesterday. Link to comment Share on other sites More sharing options...
TheLongshot Posted February 29, 2008 Share Posted February 29, 2008 This will maybe have people understand the difference between Brunell's contract being voided, and being cut. Jason Link to comment Share on other sites More sharing options...
zoony Posted February 29, 2008 Share Posted February 29, 2008 Sounds like a 1 year deal then. I doubt we keep a $1.9 mill backup on the roster in 2009. But I guess I could be wrong. Good for TC, and good to see the Dan reward a player who played great LY Link to comment Share on other sites More sharing options...
HitStickTaylor21 Posted February 29, 2008 Share Posted February 29, 2008 crazy how contracts work Link to comment Share on other sites More sharing options...
TheLongshot Posted February 29, 2008 Share Posted February 29, 2008 Sounds like a 1 year deal then. I doubt we keep a $1.9 mill backup on the roster in 2009. But I guess I could be wrong. We kept Brunell around with that kind of cap number. I can't really see the team having to do this all over again next year, because I doubt that any young guy we pick up this year as the #3 is going to be ready to back up Campbell next year. Jason Link to comment Share on other sites More sharing options...
pjfootballer Posted February 29, 2008 Share Posted February 29, 2008 We kept Brunell around with that kind of cap number. I can't really see the team having to do this all over again next year, because I doubt that any young guy we pick up this year as the #3 is going to be ready to back up Campbell next year.Jason I can. I think zoony is right, that this is essential a 1 year deal for Collins depending on what the cap situation is for 2009. They could have him in uniform for 1 year then cut him next year and bring in another veteran backup that's like 32-35 years old instead of promoting the #3 up to #2 in 09. Link to comment Share on other sites More sharing options...
Califan007 The Constipated Posted February 29, 2008 Share Posted February 29, 2008 Sounds like a 1 year deal then. I doubt we keep a $1.9 mill backup on the roster in 2009. What's the average salary for backup QBs in the league? It would seem $1.9 mil wouldn't be all that out of line (no idea, though). Link to comment Share on other sites More sharing options...
Manasseh Posted February 29, 2008 Share Posted February 29, 2008 I don't understand how we can get away with these voidable years written into our contracts. You would think the NFL would frown on these. I love how we keep finding ways to beat the salary cap though. Link to comment Share on other sites More sharing options...
Stadium-Armory Posted February 29, 2008 Share Posted February 29, 2008 Say what you want about our FO, but they seem to be pretty nible around the "cap". Link to comment Share on other sites More sharing options...
bedlamVR Posted February 29, 2008 Share Posted February 29, 2008 Kind of odd that he will be paid more than the starter though ... Link to comment Share on other sites More sharing options...
wheeler Posted February 29, 2008 Share Posted February 29, 2008 i think it's a great sign:deal: todd earned it :2cents: Link to comment Share on other sites More sharing options...
Dick Edds Posted February 29, 2008 Share Posted February 29, 2008 Finally we reward one of our own players for their performance! Great to have a quality backup, and great to see us not go out and bring in some other FA QB. Link to comment Share on other sites More sharing options...
thinker Posted February 29, 2008 Share Posted February 29, 2008 My how we have fallen that signing our journeyman backup QB is the toast of the town. Link to comment Share on other sites More sharing options...
isle-hawg Posted February 29, 2008 Share Posted February 29, 2008 Sounds like a 1 year deal then. I doubt we keep a $1.9 mill backup on the roster in 2009. But I guess I could be wrong. I can. I think zoony is right, that this is essential a 1 year deal for Collins depending on what the cap situation is for 2009. I think this is basically a 2 year deal. Since his signing bonus is spread out over 6 years (counting .5 Mil each year). If we keep him in 09 his CAP hit is 2.4 Mil. If we cut him in 09 we have 2.5 Mil in "dead money" to content with in 09 (or 09-10 depending on when he is cut) plus we would still need a backup in 09. This wouldn't make much sense to me.:whoknows: Link to comment Share on other sites More sharing options...
zoony Posted February 29, 2008 Share Posted February 29, 2008 What's the average salary for backup QBs in the league? It would seem $1.9 mil wouldn't be all that out of line (no idea, though). The more I think about it, sounds like a number that is right in the middle, and could fall either way. It works as a 1 or a 2 year deal... I'm guessing a lot is going to depend on how he is feeling at 38 Link to comment Share on other sites More sharing options...
dfbovey Posted February 29, 2008 Share Posted February 29, 2008 I don't understand how we can get away with these voidable years written into our contracts. You would think the NFL would frown on these. I love how we keep finding ways to beat the salary cap though. They get away with it because there isn't a rule against it. Link to comment Share on other sites More sharing options...
RedskinsSuperBowl21 Posted February 29, 2008 Author Share Posted February 29, 2008 bump for update Link to comment Share on other sites More sharing options...
ldsdbomber Posted March 2, 2008 Share Posted March 2, 2008 As I still don't seem to be able to post new posts (and still have no idea why), let me add this interesting article here http://sportsillustrated.cnn.com/2008/writers/reuben_frank/03/01/cap.figures/index.html I was not even aware of this, and it's something that is obviously a huge factor in getting an advantage in a suppposed equal cap system but is clearly not. $20M extra cap room is a LOT of extra moolah. The Redskins and their "clever" handling of the cap (I'm not one who subscribes to that theory as I think managing the cap and being able to squeeze under the cap are two different things) mean we are unlikely to reap the kind of bonus that the Vikings seem to have! Link to comment Share on other sites More sharing options...
1972FAN Posted March 2, 2008 Share Posted March 2, 2008 What's the average salary for backup QBs in the league? It would seem $1.9 mil wouldn't be all that out of line (no idea, though). Not at all, I heard two other backups that were signed (can't remember there names) were making 2.3 and 2.5 per year. Link to comment Share on other sites More sharing options...
bulldog Posted March 2, 2008 Share Posted March 2, 2008 and the Vikings have won what in the NFL over the past several years? The Bears and Packers have treated Minnesota like a speed bump in the NFC North. Link to comment Share on other sites More sharing options...
Califan007 The Constipated Posted March 2, 2008 Share Posted March 2, 2008 and the Vikings have won what in the NFL over the past several years? The Bears and Packers have treated Minnesota like a speed bump in the NFC North. I'm curious if there's a correlation between how much cap space any given team has in any given year, and how well that team's season turns out that same year...I'm guessing there is none. Link to comment Share on other sites More sharing options...
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