Current Redskins Salary Cap Status - 2008

Top post in this thread has been updated to reflect the tender offer to K Shaun Suisham.

Top post in this thread has been updated to reflect the tender offer to K Shaun Suisham.

LOL "tender offer" Just sounds funny.

"Hey Shaun...it's Vinny. Yeah, you know I've been thinking about you. Thinking about you, me, an empty football field. Shh! Come here, I know what you need..."

(damn, that's messed up)

LOL "tender offer" Just sounds funny.

"Hey Shaun...it's Vinny. Yeah, you know I've been thinking about you. Thinking about you, me, an empty football field. Shh! Come here, I know what you need..."

(damn, that's messed up)


WOW!http://www.thewarpath.net/images/icons/icon10.gif

I just did an update with Portis and Suish.

Suish got an EFA tender of $520K.

Seems Portis did an overhaul on his contract. Here's what I can decipher so far:

- His contract was extended 2 years (thru 2013).
- He received an $8.5M salary in 2012 and 2013.
- His salary was reduced by $500K in 2010 and 2011.
- He converted $4.4435M of 2008 salary to SB.
- He converted $5.882M of 2009 salary to SB.
- We saved $2.723M on the 2008 cap.
- We saved $4.16M on the 2009 cap.

After these changes I have us at $5.073M under the 2008 cap. This differs from the reported figure of $8M under. I will reconfirm my numbers when PC updates his sheets.

LOL "tender offer" Just sounds funny.

"Hey Shaun...it's Vinny. Yeah, you know I've been thinking about you. Thinking about you, me, an empty football field. Shh! Come here, I know what you need..."

(damn, that's messed up)

that literally made me laugh out loud

I just did an update with Portis and Suish.

Suish got an EFA tender of $520K.

Seems Portis did an overhaul on his contract. Here's what I can decipher so far:

- His contract was extended 2 years (thru 2013).
- He received an $8.5M salary in 2012 and 2013.
- His salary was reduced by $500K in 2010 and 2011.
- He converted $4.4435M of 2008 salary to SB.
- He converted $5.882M of 2009 salary to SB.
- We saved $2.723M on the 2008 cap.
- We saved $4.16M on the 2009 cap.

After these changes I have us at $5.073M under the 2008 cap. This differs from the reported figure of $8M under. I will reconfirm my numbers when PC updates his sheets.

I think that reported figure of $8.0 million in room includes the $2.4 million in savings that we'll realize for Brandon Lloyd on June 1.

In one of his blog entries, JLC was saying that the Skins were (at the time) currently $4.9 million under the cap, and then once the Portis deal was done, they'd have $8.0 million in room.

Turns out that $4.9 in room was exactly what you and I had the team at after Lloyd clears the books.

Now we have the Skins (post Lloyd) at $7.45 million in room, which is only $0.55 off. JLC could have been rounding, or he could have simply not known how ridiculously complicated and creative that Portis extension was. Seriously, Snyder gave Portis his 2009 base salary money a year early as part of this extension in order to allow that amount to allocate over 2008, 2009, and beyond, clearing some of that hit off the books now. This shows an unwavering financial commitment to Clinton Portis as a Redskin for life. And rightfully so, the guy is one of the best all-around football players in the NFL. Pound for pound, quite possibly the best pass blocker in the entire NFL. Brilliant contract restructuring there.

I think that reported figure of $8.0 million in room includes the $2.4 million in savings that we'll realize for Brandon Lloyd on June 1.

In one of his blog entries, JLC was saying that the Skins were (at the time) currently $4.9 million under the cap, and then once the Portis deal was done, they'd have $8.0 million in room.

Turns out that $4.9 in room was exactly what you and I had the team at after Lloyd clears the books.

Now we have the Skins (post Lloyd) at $7.45 million in room, which is only $0.55 off. JLC could have been rounding, or he could have simply not known how ridiculously complicated and creative that Portis extension was. Seriously, Snyder gave Portis his 2009 base salary money a year early as part of this extension in order to allow that amount to allocate over 2008, 2009, and beyond, clearing some of that hit off the books now. This shows an unwavering financial commitment to Clinton Portis as a Redskin for life. And rightfully so, the guy is one of the best all-around football players in the NFL. Pound for pound, quite possibly the best pass blocker in the entire NFL. Brilliant contract restructuring there.

Snyder and Vinny are big CP guys. I remember reading that they were gushing about him with the potential HC candidates during the interview process.

I may be the only person to ever say this on this board, but I think that the Portis/Bailey trade was totally worth it. CP has been a true leader since the day he stepped foot in Redskins Park.

Hindsight is always 20/20, but I honestly think we got the better half of that trade.

I just think CP brings so much more to the table.

It was absolutely worth it. 100%. Champ had to leave. Some things are bigger than football.

It was absolutely worth it. 100%. Champ had to leave. Some things are bigger than football.


Absolutely. I completely agree.