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Cuts to get 100 million in Cap Space???


Skip the pleasantries, just cut them...  

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  1. 1. Which of our Top 10 Contracts should we Cut this Offseason?



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I have attached the Redskins Cap Situation for 2020-2021 (there's a little dead money not showing up but its minimal). It also includes their PFF player grade.

 

Major takeaways:

*We have 1 corner under contract for 2021. Greg Stroman. So far, none of the corners outside of Dunbar are worth extending.

*Only Quinton Dunbar had a 70+ rating as a corner. We should extend him if we can get a reasonable deal done.

*Need to redo the linebacker corps in order to go 4-3. Will need a few free agents for this plus some late round draft picks. 

*5th year option (have until May 30) on Jonathan Allen . Does Ron Rivera see something in him that we haven't seen.  This option would be around $15 million (there goes the savings from cutting Alex Smith in 2021)

Moves:

*Do something with Kerrigan's contract. You could guarantee the $11mill and then extend him by 3 years for example. Or cut him (would be sad to see a great and loyal Redskin go. That and we need team leaders).

*Cut Jeremy Sprinkles once you sign a free agent or two. Saves $2.14mill.

*Cut Alex Smith in 2021

*We could cut many of the lower paid underporfmers once Rivera can bring in some of his people.

 

***We can afford 2 or 3 top tier free agents. With Alex Smith's $13 mill savings in 2021, we could easily afford the free agent's contracts for 2-3 years and won't need to extend Dwayne Haskins for over 3 years (hence saving about $30 mill if/until he becomes good). No major 2021 contracts coming up for extension as the Redskins have underperformed vs average starters (hence our #2 draft pick). 

***We need more draft capital!!

Redskins Cap Situation.xlsx

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On 1/1/2020 at 1:19 PM, JamesMadisonSkins said:

Norman, Reed and Richardson + cap carryover puts us at $70 million. 
 

Trading Trent frees another $12.5 million. 

Do we still get the cap carryover if we trade TW?

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5 hours ago, JaxJoe said:

Do we still get the cap carryover if we trade TW?

We already carried over $12m from 2019. When i posted this it hadn’t been made official.

 

Trading Trent immediately frees us $12.5 million and puts us at $74m. My math was a bit off with that projection. 

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3 hours ago, JamesMadisonSkins said:

We already carried over $12m from 2019. When i posted this it hadn’t been made official.

 

Trading Trent immediately frees us $12.5 million and puts us at $74m. My math was a bit off with that projection. 

Thanks. That’s what I thought but couldn't find a direct source on the matter. Is it fair fo say that this is a cap windfall and that if TW gets traded, that adds another $12M? Thats $25M in extra cap for 2020 from one player alone that could offset cutting Alex Smith’s and his $21M cap hit (if not ready to play). 

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@JaxJoe in theory ... yes. Trent was on the books for $14 million In 2019 and 2020. $3 million guaranteed in 2019 and $2 million guaranteed in 2020. So we didn’t pay $11m last year and it rolled into this year. Our cap would be $51m right now had we paid Trent his full salary in 2019 and projected pay for 2020. 
 

Rolling the $11m over to 2020 got us to $62m. And trading him gets us to $74.5m. So in essence yes, if we trade him we essentially free up $23m of the money he was owed last year and this year into our cap space. 
 

We ended up rolling about $12m over this year from last years cap. If Trent had played and been paid his $11m in game checks we wouldn’t have rolled any money over. So instead of $200m our cap this year is $211m. 

Edited by JamesMadisonSkins
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Why doesn't Snyder just meet with Alex Smith and make an agreement that Smith would retire to save the team on cap space. In this agreement, Dan would write Alex a personal check for the amount his contract would still be owed. The check would be off the record NFL wise, a gift of money from Dan to Alex. Smith still gets paid, but since he retires the team can recoup that cap space. Makes sense to me.

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@skins2victory I believe that would be a massive violation of the salary cap. Unless somehow he offered him that $$ as a consultant but I can’t imagine the NFL would sign off on that. 
 

I think we ride Smith this year then cut him next year. Hell we could even cut him this year if we don’t eat all our cap up. It’s a $-10m hit on this years cap but would free up $30m next year. Or we could wait until next year and cut him and save $20m

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but getting him to retire now accelerates 10 million, almost offsetting the insurance policy.  You really want to make him easier on the cap, extend him.  Give him a small bonus to extend his contract an extra year

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16 minutes ago, UK SKINS FAN 74 said:


that’s what I’d do, net cap gain from right now of 2mi.

 

Then move on.

Yep. Because you add $2m this year, but next year you free up $30. And actually, factoring in the $12m insurance play, there’s really no difference between cutting now or after the season ...


With Smith cut After 2020 it looks like:

2020: $61m

2021: $143m (W/ $12m ins)

2022: $159m

 

 

2020: $61 (W/ $12m ins)

2021: $143 

2022: $159 

 

Also these numbers are with a $211 cap in 2021 and 2022 and they’re saying $240m+ ... so add $30m to 2021 and 2022 if you want to see what those #’s are

Edited by JamesMadisonSkins
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Team has a real opportunity with current core and cap flexibility. The improvement with football people running things will hopefully provide us fans a window of being elite. 

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