03-22-2007, 03:28 PM
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#19
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The Starter
Join Date: Mar 2005
Location: New Jersey
Posts: 1,674
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Re: The Archuleta cap hit question.
Quote:
'SKINS GAVE ARCHULETA A $500,000 PARTING GIFT
A league source tells us that the Redskins are paying a portion of the $5 million in guaranteed money that safety Adam Archuleta will receive under his new contract with the Bears.
Archuleta was due to receive on Wednesday a $5 million option bonus, which was fully guaranteed by future salaries. So, in essence, the 'Skins paid out 10 percent of the amount in order to wipe the obligation off of the books.
In return, the 'Skins got a sixth-round pick from the Bears. So Washington, in our view, came out of this thing as well as they could have, since they clearly had decided that it didn't make sense to pay starter money to two strong safeties.
Of course, the 'Skins would have been wise to realize all of this a year ago, before committing $10 million in guaranteed money to Archuleta.
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So I guess this pushes the cap penalty up to $4.5 million.
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