Current Redskins Salary Cap Status - 2008

The numbers at the top of this thread have been updated.

Chris Samuels has received a two-year contract extension in which the team added base salaries of $8 million per year each in 2012 and 2013. In the deal, the Redskins converted $3.8 million of his 2008 base salary into a signing bonus.

This move reduced our cap figure this year by $3.2 million.

Agreed.

You cap geeks do a GREAT JOB explaining this to dumb asses like me. Great post! My question is about Springs. He has a huge number this year. I remember it being 7 or 8 mil. I just don't think he is worth the $ he's getting paid. Do you think he's going to stay? Are they going to ask him to take a pay cut again? I remember they did last year and he called their bluff.

We could cut or extend him, that would reduce his cap number. But in my opinion, the wisest move is to simply carry him with that high cap number this year. We need him with Rogers recovering, and he's still a good starting CB in this league (we had a top 10 defense with him as a starter all year).

We don't need his cap space. We can create $10.4 million in space by restructuring others. We should carry him at the high number this year rather than kicking more of his cap money into the future. Because if we carry him without restructuring this year, it makes it much easier to let him go next season when we can cut him and save $6.0 million from our 2009 cap number.

The Skins also might consider extending him a few years, but they should only do that if they really feel like he'll be a strong starter for at least two more seasons.

Like I said, I'd carry him this year, and then probably cut him next year when Smoot and Rogers can be the starters.

We could cut or extend him, that would reduce his cap number. But in my opinion, the wisest move is to simply carry him with that high cap number this year. We need him with Rogers recovering, and he's still a good starting CB in this league (we had a top 10 defense with him as a starter all year).

We don't need his cap space. We can create $10.4 million in space by restructuring others. We should carry him at the high number this year rather than kicking more of his cap money into the future. Because if we carry him without restructuring this year, it makes it much easier to let him go next season when we can cut him and save $6.0 million from our 2009 cap number.

The Skins also might consider extending him a few years, but they should only do that if they really feel like he'll be a strong starter for at least two more seasons.

Like I said, I'd carry him this year, and then probably cut him next year when Smoot and Rogers can be the starters.

I agree. We should just eat the salary this year cause we need him.. But damn that's a lot of coin. But I just don't think it's smart to restructure him at his age and with his history of injuries. I'd probably think 08 will be his last year with us.

Geat work keeping up with this stuff guys. One of the big reasons I love the warpath and contribute yearly. I'll ask Matty to increase your pay (a percentage increase of course....;)).

JLC blog:

Redskins Insider (http://blog.washingtonpost.com/redskinsinsider/)

Posted at 2:26 PM ET, 02/26/2008
Quick Update

Back from a mini vacation of sorts, or at least a day. Anyway, the Skins redid Chris Samuels's contract the other day after doing Jansen's as well - combined the deals created $6.3 million in cap space, so the Skins are roughly $3 million under and still have 3-4 other contracts they could rework to create more room.

Briefly, I expect the Skins to continue to pursue several trade options with the free agent market limited. I'll post on that later in the week. They have interest in several players who are being floated.

Also, heard from league sources that the Redskins have made major changes to their medical staff. Ray Thal, the longtime surgeon, is no longer with the club, and was not with the team at the combine, sources said. The Skins are looking for a new orthopedic specialist and were working as usual with James Andrews, who is on the sidelines at Skins games, to land a new local surgeon.

As I wrote about in a story outlining the offseason about 2-3 weeks ago, the Redskins will also make official soon the creation of a new segment of their medical team specifically for rehab, with a focus on the kind of muscle injuries that plagued them last season. They will make hires in that regard as well.

I'm on Washington Post Live on Comcast as well, from 5-6, so email in any questions.

Good to be back.
Cheers.

Anyway, the Skins redid Chris Samuels's contract the other day after doing Jansen's as well - combined the deals created $6.3 million in cap space, so the Skins are roughly $3 million under and still have 3-4 other contracts they could rework to create more room.

For the record Schneed and I have us at $1.4M under, not $3M under.

I think JLC is quoting PC's cap sheets which are incorrect as far as we can tell.

Yeah, JLC uses PCinOZ as his "inside man" for Redskins salary cap information. He's got a real good setup on his site, but the math is off in a spot at the moment, and he's got a few salary/bonus figures that don't jive with the NFLPA.

The real number is closer to $1.4 million.

Lloyd is released--so that pushes us back over the cap by 1.5 million.

Get Portis on the phone, we'll get back under.

JLC blog:

Redskins Insider (http://blog.washingtonpost.com/redskinsinsider/)

Posted at 2:26 PM ET, 02/26/2008
Quick Update

Back from a mini vacation of sorts, or at least a day. Anyway, the Skins redid Chris Samuels's contract the other day after doing Jansen's as well - combined the deals created $6.3 million in cap space, so the Skins are roughly $3 million under and still have 3-4 other contracts they could rework to create more room.


Good to be back.
Cheers.

Thank God he's back. No offense but whoever was filling in for JLC, wasn't getting anything. Zorn speaks about QB situation? Wasn't that covered about a month ago. While JLC was gone it was more like Redskins Outsider.

It got to the point where I was checking the Times, which when it comes to covering the Redskins, is light years behind JLC.

JLC blog:

Redskins Insider (http://blog.washingtonpost.com/redskinsinsider/)

Posted at 2:26 PM ET, 02/26/2008
Quick Update

Back from a mini vacation of sorts, or at least a day. Anyway, the Skins redid Chris Samuels's contract the other day after doing Jansen's as well - combined the deals created $6.3 million in cap space, so the Skins are roughly $3 million under and still have 3-4 other contracts they could rework to create more room.

Briefly, I expect the Skins to continue to pursue several trade options with the free agent market limited. I'll post on that later in the week. They have interest in several players who are being floated.

Also, heard from league sources that the Redskins have made major changes to their medical staff. Ray Thal, the longtime surgeon, is no longer with the club, and was not with the team at the combine, sources said. The Skins are looking for a new orthopedic specialist and were working as usual with James Andrews, who is on the sidelines at Skins games, to land a new local surgeon.

As I wrote about in a story outlining the offseason about 2-3 weeks ago, the Redskins will also make official soon the creation of a new segment of their medical team specifically for rehab, with a focus on the kind of muscle injuries that plagued them last season. They will make hires in that regard as well.

I'm on Washington Post Live on Comcast as well, from 5-6, so email in any questions.

Good to be back.
Cheers.

A little off topic, but I would just like to brag that Ray Thal did my ACL reconstruction and Medial Meniscus repair when I tore them 2 years ago. Pre surgery I was flipping out with anxiety, then he gave me some oxycoddene, and I chilled out and all I cared about was him giving a good surgery to Randy Thomas (this was during the first gibbs playoff run). Im kinda sad that I cant say that the redskins surgen did my surgery anymore. He was a good guy.