Redskins 2011 Salary Cap Status

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**UPDATED (July 28, 2011)** Redskins 2011 Salary Cap Info

Projected 2011 League Requirements
1. $120 million salary cap, give or take about 1/3 million
2. $3 million max cap credit for benefits to one player
3. $108 cash expenditure requirement (give or take $4 million)

Current Redskins salary cap info courtesy J.I. Halsell, via Rich Tandler.

Redskins 2011 Cash Requirement Situation
1. Cash Requirement ~ $108 million
2. Total payroll owed for 2011 (salary + existing amortized bonus money + deadcap) = $73 million
3. Potential player releases from $73 million payroll:

Donovan McNabb, $11.1 million <-- confirmed
Albert Haynesworth, $5.4 million <-- confirmed
Ma'ake Kemoeatu, $3.8 million <-- confirmed
Casey Rabach, $3.0 million <-- confirmed
Artis Hicks, $2.1 million
Mike Williams, $1.8 million
Phillip Daniels, $1.0 million<-- confirmed
Mike Sellers, $0.55 million
Chad Simpson, $0.25 million <-confirmed, moving vet min to rook min
Jeremy Jarmon, $0.16 million <-confirmed, moving vet min to rook min

4. Realistic payroll "minimum" before free agency on Fri. Jul, 29: $47.90 million
5. Redskins Free Agent signings:

Barry Cofield, 2011 Cash Outlay = $15.5 million
Stephen Bowen, 2011 Cash Outlay = $14 million
Josh Wilson, 2011 Cash Outlay = $7.5 million
Santana Moss, 2011 Cash Outlay = $6 million
Jabar Gaffney, 2011 Cash Outlay = $2.4 million
Donte Stallworth, 2011 Cash Outlay = $1 million
Kellen Clemens, 2011 Cash Outlay = $0.8 million

Total = $47.2 million

5. Plus estimated year one rookie salary outlay: $13.25 million
6. Snyderbucks to spend to reach NFLPA minimum("unlikely to be retained" players + unsigned draft picks + all free agents) = -$12.55 million

The Redskins have exceeded $120 million cash spent in 2011.

2011 Salary Cap Situation
1. Salary Cap plus Benefits exemption = $123 million
2. Redskins Cap Number, July 2011 = $93.3 million
3. Salary Cap space, July 2011 + exemption = $29.7 million
4. Potential player releases from $93.3 million cap number (plus 375k UDFA val):

Donovan McNabb, $4.75 million [net saved]-375k r51 <-- confirmed
Albert Haynesworth, $3.4 million [net saved]-375k 51 <-- confirmed
Ma'ake Kemoeatu, $2.5 million [net saved]-375k r51 <-- confirmed
Casey Rabach, $1.6 million [net saved]-375k r51 <-- confirmed
Phillip Daniels, $1.0 million [net saved]-375k r51 <-- confirmed
Mike Sellers, $0.55 million [net saved]
Chad Simpson, $0.25 million [net saved] <-confirmed, moving vet min to rook min
Jeremy Jarmon, $0.16 million <-confirmed, moving vet min to rook min
Sam Paulescu, $0.16 million <-confirmed, moving vet min to rook min
Andre Brown, $0.16 million <-confirmed, moving vet min to rook min
Artis Hicks, $0.15 million [net saved]
Mike Williams, $0.26 million [net loss]
Total = $12.1 million *UPDATED FIGURE*

4. Redskins Free Agent signings, less UDFA rookie minimum (375k per):

Barry Cofield, 2011 Cap Number = $5.5 million-375k = $5.1 million
Stephen Bowen, 2011 Cap Number = $4.0 million-375k = $3.6 million
Josh Wilson, 2011 Cap Number = $3.5 million-375k = $3.1 million
Santana Moss, 2011 Cap Number = $3.2 million-375k = $2.9 million
Jabar Gaffney, 2011 Cap Number = $2.4 million-375k = $2.0 million
Donte Stallworth, 2011 Cap Number = $1 million
Kellen Clemens, 2011 Cap Number = $0.8 million

Total as of July 28 = $18.5 million

5. Salary Cap space, July 28, 2011 =$23.3 million
6. UPDATED value of rookie pool = $5.925 to $6.675 million
7. Total range for max FA cap room (and to satisfy cash expenditure requirement = $16.7 million

This is an updated figure which subtracts allocated rookies. In the process of adding in the contracts the Redskins have made over last few days!

At conclusion of 2011 league year:

-14 contracts expire, headlined by Fletcher and Kemoeatu
- Value of 14 "futures" contracts at $.38 MM per: $5.3 million
- Total cap value of expired contracts is $22 million, lead by 7.1 from Fletcher
- Plus rough 30% increase on remaining $28 million team salary = $8.4 mil in contract raises

-Net estimate cap relief from books after 2011 season (assumes no FA activity, signing of draft picks): $8.3 million