Bill B
11-19-2007, 11:18 AM
Here is Peter king on Joe Gibbs and the Redskins. as good as we looked against Dallas the impending cap problems that King points out is what I am worried about. Maybe Schneed can give a better clarification, but being 19.5 million over the 2008 cap looks pretty gloomy.
SI.com - Writers - Monday Morning QB (cont.) - Monday November 19, 2007 9:05AM (http://sportsillustrated.cnn.com/2007/writers/peter_king/11/18/week11/7.html)
Here is Peter Kings take on Gibbs:
"2. I think the second life of Joe Gibbs running the Redskins might not end well. Gibbs is 6-10, 10-6, 5-11 and now 5-5 in his four seasons in his second stint as Washington coach. A 26-32 regular-season record. One playoff win. Of the Redskins' final six games this year, five are against teams harboring playoff hopes. Gibbs turns 67 in six days. He doesn't answer the questions about how much longer he'll coach, but it won't be surprising to anyone at Redskins Park if this is it for him. I've gotten the sense that, regardless the outcome of this season, this is it for him.
If it is, there's a pretty big problem on the horizon for Washington. There is only one team with less than $5 million in 2008 cap room left as we stand right now, and that team, to no one's surprise, is Washington. It would be understandable if the 'Skins were a few bucks north or south of the $116-million cap figure for 2008, but the Redskins are miles away from that. They are $19.5 million OVER the 2008 cap as we sit here this morning. That means they're $25 million worse-off than any team in the NFL entering the offseason.
Some of this can be cosmetically addressed, like converting a sizable roster bonus due to tight end Chris Cooley in 2008, which would be payable all in 2008, to a signing bonus, which would pro-rate it over the life of his contract. That's fine, except all that does is continually push more and more financial obligation into the future. There's significant dead weight on this cap. If they choose to cut unimportant wideout Brandon Lloyd, that would cost them $7.1 million in cap charges on the '08 ledger.
Moral of the story: If Gibbs quits at season's end, would Bill Cowher, who'll likely want to make significant personnel changes wherever he goes to coach, want to go to a place where he's fighting 31 other teams plus the Redskins' bloated cap? (I think Cowher is likely to stay at CBS for another year anyway, but that's not set in stone.) The cap situation may contribute to owner Dan Snyder wanting to hire from within, with either Gregg Williams or Al Saunders. Williams is more likely if Snyder stays in-house.'
SI.com - Writers - Monday Morning QB (cont.) - Monday November 19, 2007 9:05AM (http://sportsillustrated.cnn.com/2007/writers/peter_king/11/18/week11/7.html)
Here is Peter Kings take on Gibbs:
"2. I think the second life of Joe Gibbs running the Redskins might not end well. Gibbs is 6-10, 10-6, 5-11 and now 5-5 in his four seasons in his second stint as Washington coach. A 26-32 regular-season record. One playoff win. Of the Redskins' final six games this year, five are against teams harboring playoff hopes. Gibbs turns 67 in six days. He doesn't answer the questions about how much longer he'll coach, but it won't be surprising to anyone at Redskins Park if this is it for him. I've gotten the sense that, regardless the outcome of this season, this is it for him.
If it is, there's a pretty big problem on the horizon for Washington. There is only one team with less than $5 million in 2008 cap room left as we stand right now, and that team, to no one's surprise, is Washington. It would be understandable if the 'Skins were a few bucks north or south of the $116-million cap figure for 2008, but the Redskins are miles away from that. They are $19.5 million OVER the 2008 cap as we sit here this morning. That means they're $25 million worse-off than any team in the NFL entering the offseason.
Some of this can be cosmetically addressed, like converting a sizable roster bonus due to tight end Chris Cooley in 2008, which would be payable all in 2008, to a signing bonus, which would pro-rate it over the life of his contract. That's fine, except all that does is continually push more and more financial obligation into the future. There's significant dead weight on this cap. If they choose to cut unimportant wideout Brandon Lloyd, that would cost them $7.1 million in cap charges on the '08 ledger.
Moral of the story: If Gibbs quits at season's end, would Bill Cowher, who'll likely want to make significant personnel changes wherever he goes to coach, want to go to a place where he's fighting 31 other teams plus the Redskins' bloated cap? (I think Cowher is likely to stay at CBS for another year anyway, but that's not set in stone.) The cap situation may contribute to owner Dan Snyder wanting to hire from within, with either Gregg Williams or Al Saunders. Williams is more likely if Snyder stays in-house.'