Current Redskins Salary Cap Status - 2008

[CrazyCanuck]

I just did an update.

PC updated his bonus info. The biggest change involved Landry, which saved us about a $1M on the 2008 cap.

After all the restructures etc., I have us at $7.826M under the 2008 cap.

Schneed I'll send you a PM with all the details so you can update the thread.

[Schneed10]

Thanks a lot, CC I made the update.

$7.8 in room, BEFORE getting the savings from Brandon Lloyd... that's quite a bit of cap space for a team who just plans to hit the draft and pass on everything else.

Given that there are no FAs left deserving of big bucks, it's becoming VERY clear to me that we should be expecting a trade in the coming weeks.

[That Guy]

hey, we now have enough cash to give ocho a 30$mill bonus... woohoo! or not...

[4mrusmc]

To all of the numbers crunchers that contribute to this thread and this web site....Big ups and thanks goes out to you!

[CrazyCanuck]

After Boschetti signing we are at $7.75M under the 2008 cap.

[Schneed10]

A quick update was made to tie these numbers up to CrazyCanuck's most updated figures which reflect the Boschetti signing.

Also, a note was recently made in the Washington Post indicating that the Redskins have just guaranteed the next two season's worth of Clinton Portis's base salaries. Cap impact on this transaction is still pending.

It's now obvious, as many of us conjectured, that the Redskins had cleared the cap space necessary for the acquisition of a star receiver like Chad Johnson. When that deal did not come to fruition, the Redskins instead used their full allotment of draft picks. The Redskins' rookie pool allotment will likely be in the range of $4.5 million, leaving the team with approximately $4-5 million in excess cap space. The team is nearly certain to make use of this space in some manner. While some other player acquisitions could be forthcoming, I'd look for the Redskins to extend some key cogs of their team before training camp arrives, allowing the team to secure their players for the long term while allocating some of that bonus money to this year's cap, helping to assuage the future impact of that contract.

[MrJL]

THis may be an unpleasant topic but I think the next time they renegotiate the CBA the salary cap is altered so if a player dies his family is still payed his salary but the contract is wiped from the cap. That's something so non-football related it should never really be thought about but there's been what, four player including Sean Taylor who died in the past year?

[That Guy]

Originally Posted by MrJL

THis may be an unpleasant topic but I think the next time they renegotiate the CBA the salary cap is altered so if a player dies his family is still payed his salary but the contract is wiped from the cap. That's something so non-football related it should never really be thought about but there's been what, four player including Sean Taylor who died in the past year?

pretty much. i think sean was the only one with a real money contract though, and even in his case, if snyder sued for the money, it'd be about 2mill or so, which isn't much from a cap perspective. though i don't think i'll be calling it dead cap this year :/.

[Bill B]

Originally Posted by Schneed10

A quick update was made to tie these numbers up to CrazyCanuck's most updated figures which reflect the Boschetti signing.

Also, a note was recently made in the Washington Post indicating that the Redskins have just guaranteed the next two season's worth of Clinton Portis's base salaries. Cap impact on this transaction is still pending.

It's now obvious, as many of us conjectured, that the Redskins had cleared the cap space necessary for the acquisition of a star receiver like Chad Johnson. When that deal did not come to fruition, the Redskins instead used their full allotment of draft picks. The Redskins' rookie pool allotment will likely be in the range of $4.5 million, leaving the team with approximately $4-5 million in excess cap space. The team is nearly certain to make use of this space in some manner. While some other player acquisitions could be forthcoming, I'd look for the Redskins to extend some key cogs of their team before training camp arrives, allowing the team to secure their players for the long term while allocating some of that bonus money to this year's cap, helping to assuage the future impact of that contract.

Schneed - have you heard or anyone else on the board that the main reason the Skins have done all this restructuring is to mainly free up room to resign Jason Campbell to a long term deal? If Jason Campbell does really well next year he is going to command a big salary as the NFL always pays good qb's top dollar - and I don't think it would be the best thing in the world to let the contract run through and expire in 2009 and deal with the problem at that time because I think a lot of teams will be willing to throw a lot of money at a good qb and even give up 2 first rounders to do it. If you were the Skins would you go ahead and sign him long term now or do you wait to see how he pans out but run the risk of having to give even more money if he does really well?

[Schneed10]

Originally Posted by Bill B

Schneed - have you heard or anyone else on the board that the main reason the Skins have done all this restructuring is to mainly free up room to resign Jason Campbell to a long term deal? If Jason Campbell does really well next year he is going to command a big salary as the NFL always pays good qb's top dollar - and I don't think it would be the best thing in the world to let the contract run through and expire in 2009 and deal with the problem at that time because I think a lot of teams will be willing to throw a lot of money at a good qb and even give up 2 first rounders to do it. If you were the Skins would you go ahead and sign him long term now or do you wait to see how he pans out but run the risk of having to give even more money if he does really well?

While I haven't explicitly heard a rumor or read anything on the subject, it seems clear that given the Redskins' history of making nearly maximum use of the cap space available to them, that they'd consider extending somebody.

I think it's very clear at this point that the cap space was intentionally cleared to make room for a Chad Johnson to accomodate a big new contract. The Skins tried hard to get him, offering the 1st and conditional 3rd, and then according to Peter King attempting to contact the Bengals yet again on the Friday before the draft, but it didn't pan out.

So I don't think they purposely cleared the room in order to extend Campbell, or anyone else. But now that they cleared the space and didn't acquire the big name WR they wanted, it seems they're likely to make the best of it and make maximum use of their space. Jason Campbell would be the most logical guy to lock up for the long haul. You could make an argument for Anthony Montgomery as well. We'd certainly have the space to lock up Campbell now. That's what I'd do if I were the GM.

[Slingin Sammy 33]

Originally Posted by Schneed10

We'd certainly have the space to lock up Campbell now. That's what I'd do if I were the GM.

I'm probably going to get crushed for saying this....but I'd wait until maybe 4-5 games into the season to make sure he's progressing in Zorn's offense and moving well on the knee. I think very highly of Campbell and we've seen flashes, but I'd wait just a bit before we make a 50M+ investment. If we were forced to roll the dice now before his agent skyrockets the price tag, I would sign him now. But if we can "kick the tires" a little more IMO that would be best.

[FRPLG]

Originally Posted by Schneed10

A quick update was made to tie these numbers up to CrazyCanuck's most updated figures which reflect the Boschetti signing.

Also, a note was recently made in the Washington Post indicating that the Redskins have just guaranteed the next two season's worth of Clinton Portis's base salaries. Cap impact on this transaction is still pending.

It's now obvious, as many of us conjectured, that the Redskins had cleared the cap space necessary for the acquisition of a star receiver like Chad Johnson. When that deal did not come to fruition, the Redskins instead used their full allotment of draft picks. The Redskins' rookie pool allotment will likely be in the range of $4.5 million, leaving the team with approximately $4-5 million in excess cap space. The team is nearly certain to make use of this space in some manner. While some other player acquisitions could be forthcoming, I'd look for the Redskins to extend some key cogs of their team before training camp arrives, allowing the team to secure their players for the long term while allocating some of that bonus money to this year's cap, helping to assuage the future impact of that contract.

They'll probably also do some restructures to create dummy incentives that will apply on this year's cap and then not be achieved giving us extra cap space next year by rule.

[That Guy]

i think most of the space will be used to make portis's contract less insane as far as future cap hits.

[redskinsfan40]

I agree with Sammy I am not totally convinced of Campbell. He has huge potential and now has some potnetially dangerous additions but he needs time to trhow the ball and if we have injuries on the OL we could be in trouble.

[redskinsfan40]

Sorry new to this and wasn't finished. All I was trying to say is I still think we need to see more consitency from Campbell before we pay the big bucks.