Redskins trade for Alex Smith

[Schneed10]

Originally Posted by Meks

i THINK ... it was Mike Wilbon on PTI the other day as I was watching this too.. something like 17 and w.ever mil per year, at 4 years is roughly 68-71 mil

Yeah. Math checks, but that's just back of the envelope math.

In reality it's probably structured such that:

- The $17M due in 2018 was fully guaranteed

- All money in 2019 and 2020 associated with the new contract was fully guaranteed. Let's assume it's $23M each season.

- There was probably a signing bonus. If you add up the above two bullets, that's $63M guaranteed. So if there was a $8M signing bonus, that gets you to $71M.

That means we've guaranteed him through 2020 (3 years), and we could get away from him after that if we wanted, without cap implications.

I can't know that this is the way it looks, but it's highly likely given Schaffer's MO with bigger contracts.