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Old 02-02-2018, 03:48 PM   #503
NC_Skins
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Join Date: Nov 2010
Posts: 14,600
Re: Redskins trade for Alex Smith

Quote:
Originally Posted by Schneed10 View Post
Yeah. Math checks, but that's just back of the envelope math.

In reality it's probably structured such that:

- The $17M due in 2018 was fully guaranteed

- All money in 2019 and 2020 associated with the new contract was fully guaranteed. Let's assume it's $23M each season.

- There was probably a signing bonus. If you add up the above two bullets, that's $63M guaranteed. So if there was a $8M signing bonus, that gets you to $71M.

That means we've guaranteed him through 2020 (3 years), and we could get away from him after that if we wanted, without cap implications.

I can't know that this is the way it looks, but it's highly likely given Schaffer's MO with bigger contracts.

It was reported the full 71 million was guaranteed for injury only that they could cut him prior to that for performance reasons.
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