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Redskins Expected to Release Coles

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Old 02-22-2005, 11:17 AM   #121
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Re: Redskins Expected to Release Coles

I give Coles alot of credit for staying tight-lipped on all this especially during the season. In that way he's gone about things like a man.

Naturally there are going to be fans that feel betrayed and angered no matter how this situation is handled. I think what angers people most is the difficult situation this is creating regarding the cap, and the fact we gave up a 1st rounder to obtain him in the first place, and two seasons later he's out the door.
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Old 02-22-2005, 11:28 AM   #122
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Re: Redskins Expected to Release Coles

If the cap implications aren't taken care of, I'll also be pissed. I just have a feeling he'll take care of them.
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Old 02-22-2005, 02:11 PM   #123
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Re: Redskins Expected to Release Coles

I read this yesterday and like you I was totally shocked. I was hoping it was some kind of joke, but I guess we're beyond that.

You guys have summed up the ramifications pretty well from what I can tell. As Schneed pointed out, Coles needs to give back like $6M to make it "wash". Giving back $6M will lower Coles 2005 cap hit to around $3M which is what it would be if we kept him. So from a cap perspective it is a wash, except for one thing - we no longer have a receiver to go with that $3M cap hit. To be a true wash he'd have to give back $9M to totally clean our books.

From what I've read it seems Coles is willing to pay back some bonus but only if he becomes a free agent, not so they could trade him. So trading him might be a non-option.

All in all this is very sad news, especially coming from a "stand-up" guy like Coles. He's my favorite Skin and I can't understand how he wouldn't want to play for Gibbs. I'll give him credit for handling it with some class, but it still hurts.

I always dreamed of hearing "Ramsey to Coles for the TD!" in a Super Bowl, but I guess not.

On the bright side, cutting Coles will save us $7M against the cap in 2006.
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Old 02-22-2005, 02:29 PM   #124
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Re: Redskins Expected to Release Coles

Quote:
Originally Posted by CrazyCanuck
On the bright side, cutting Coles will save us $7M against the cap in 2006.
I know that doesn't mean much now, but that's huge for next year.
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Old 02-22-2005, 05:10 PM   #125
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Re: Redskins Expected to Release Coles

So instead of us saying 2005 will be the year, I can be like, "Redskins in '06 baby."
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