Cooley Restructures

FOX Sports on MSN - NFL - 'Skins rework Cooley deal to save cap space (http://msn.foxsports.com/nfl/story/7796664/)

FOXSports.com has learned Washington converted an $11 million roster bonus Cooley was scheduled to receive into guaranteed money. The move is believed to have lowered Cooley's 2008 cap number from a team-high $12.2 million to $4.4 million.

Thats 8mil right there, and expect more of this to come. Are people still worried about cap hell?

So wait, teams can restructure contracts and reduce cap numbers so there's no need to cry from the mountaintops that we're $20 million over the cap in the previous November? Does Peter King know about this?

Sweet. Net cap space of almost 8 million. Now we can sign Zack Thomas, since he's available now ;)

We do it every year. Seems like this year more and more star players want to do this because there is a feeling at Redskins Park we're contenders and very close to something special.

SO ALL THE DOOMSDAY SKINS FANS JUST SIT BACK AND WATCH

Thats 8mil right there, and expect more of this to come. Are people still worried about cap hell?

With Dan Snyder taking care of the cash, we're NEVER in cap trouble. :)

Thanks Cooley, for being a team guy.

Yeah, Cooley is a big time team guy. And that's a positive about our evil owner. He's got so much frickin money, he doesn't mind shelling out all of this cash.

Yeah, Cooley is a big time team guy. And that's a positive about our evil owner. He's got so much frickin money, he doesn't mind shelling out all of this cash.

That made no sense. Why is he evil? Because he's rich and good with money?

To the cap experts: With this latest restructure where do we now stand for cap room? Probably still in the red I'm guessing but getting a lot closer to the green.

We are around 8-12mil in the red right?