skinsfan_nn
02-25-2009, 06:38 PM
Redskins Insider (http://blog.washingtonpost.com/redskinsinsider/)
Posted at 6:25 PM ET, 02/25/2009
Samuels's Contract in Detail
According to a source who has reviewed Chris Samuels's new deal, it's very much in line with the approach the Skins took on the Andre Carter and Antwaan Randle El deal, only the figures are higher.
Samuels's $5 million base salary for 2009 is now down to $2 million, with a $3 million signing bonus (he ends up getting the same $5 million in cash, just $3 million of it now). The deal saves the Skins about $2.5 million.
In 2011 (prior to that season), the Redskins will have an $11.475-million option bonus on him, so essentially this new deal binds Samuels here for two more years. Samuels is coming off a serious injury now, and two years from now he might be more of a right than left tackle. This deal is kinda complicated and there are some other option variables that come into play, but this is the thrust of it.
If the Skins exercise that option then, they would d pick up the 2011-2014 portion of the deal.
The new deal adds two years to his old contract (which was set to expire in 2013, but it
contains voidables - as the old deal did - that kick in after 2012.
Whew. This is the fourth deal the Skins have done with Samuels since 2005. I should have taken a minor in accounting.
Posted at 6:25 PM ET, 02/25/2009
Samuels's Contract in Detail
According to a source who has reviewed Chris Samuels's new deal, it's very much in line with the approach the Skins took on the Andre Carter and Antwaan Randle El deal, only the figures are higher.
Samuels's $5 million base salary for 2009 is now down to $2 million, with a $3 million signing bonus (he ends up getting the same $5 million in cash, just $3 million of it now). The deal saves the Skins about $2.5 million.
In 2011 (prior to that season), the Redskins will have an $11.475-million option bonus on him, so essentially this new deal binds Samuels here for two more years. Samuels is coming off a serious injury now, and two years from now he might be more of a right than left tackle. This deal is kinda complicated and there are some other option variables that come into play, but this is the thrust of it.
If the Skins exercise that option then, they would d pick up the 2011-2014 portion of the deal.
The new deal adds two years to his old contract (which was set to expire in 2013, but it
contains voidables - as the old deal did - that kick in after 2012.
Whew. This is the fourth deal the Skins have done with Samuels since 2005. I should have taken a minor in accounting.