Albert Haynesworth is a Redskin!!!!

[RedskinPete]

ESPN news reports that the Redskins have signed Big Al to a 7year 100 million contract with 41 mill guarnteed. The DT is going to make 32 mill over the first 13 months of the deal. He must pass his phycical and will have a news conference later today or Saturday. Also read it on the Tennession.com page!

[Soup's Uncle]

Just saw it. Wow, and after Vinny said "We can't do it"...talk about smoke screens. Jesus. Are we still trying to get Canty and Dockery then?

[That Guy]

no. 27 mill -> AH and hall take up i'm guess 19mill, the rest is for our RFAs, rookies, and maybe kendal or a 1mill LB, but that's it.

taylor and springs have to go, and we've got no real space for canty (or dock unless he's basically coming back for free).

[skinsfan_nn]

Albert Haynesworth to be a Redskin

By Jim Wyatt • February 27, 2009

Albert Haynesworth to be a Redskin | www.tennessean.com | The Tennessean

Defensive tackle Albert Haynesworth will become a $100 million man with the Washington Redskins on Friday barring any last-minute complications, according to his agent.
Advertisement

Haynesworth agreed to terms on a 7-year, $100 million deal contract offer from the Redskins on Friday morning when free agency began. He is scheduled to travel to Washington, D.C. on Friday. If everything is approved with the contract and he passes a physical, a press conference should be scheduled for later in the day.

The contract includes $41 million in guaranteed money, according to sources familiar with the situation. The base value of the contract could max out at around $115 million. Haynesworth is scheduled to earn $32 million over the first 13 months of the deal.

It will make him the highest paid defensive player in the NFL.

For Haynesworth, it also officially puts an end to his 7-year career with the Titans.

The former University of Tennessee star earned All-Pro honors in his final two seasons with the team, and had a career-high 8.5 sacks in 2008. He was a 1st round draft pick by the Titans back in 2002.

The Titans were interested in re-signing Haynesworth, but in the end refused to get into a bidding war with other teams for his services. Agent Chad Speck negotiated the deal, and also talked to a number of other teams, with the Tampa Bay Buccaneers also being involved until the end.

The Titans final offer was in the $11 million per year range, according to sources, which would have made him the NFL's highest paid defensive tackle.

Haynesworth, the team’s franchise player last season, earned free agency by hitting incentives placed in his one-year contract last July.

[Soup's Uncle]

Jesus.

[That Guy]

If this is true, then its a huge risk, just because (besides the lazy argument), it kills our ability to fix the OL and leaves a hole at DE and LB (and hurts our CB depth).

I don't see anything on ESPN yet...

we could still draft orakpo (who i think is going to be a safe and very solid DE) or a top tier OT or whatnot and trade golston for a 2nd for another OL or a LB (and then OL in the 3rd).

[Soup's Uncle]

That's if Orakpo is still there when we pick. I think his stock is rising.

[Slingin Sammy 33]

It's true it's on redskins.com on the front page ticker. $ 100M, as I said before, I don't like it, HUGE risk when we have many other holes to fill.

It's going to be interesting to see the final terms of both AH & Hall's deals.

[Schneed10]

Originally Posted by That Guy

no. 27 mill -> AH and hall take up i'm guess 19mill, the rest is for our RFAs, rookies, and maybe kendal or a 1mill LB, but that's it.

taylor and springs have to go, and we've got no real space for canty (or dock unless he's basically coming back for free).

you have some strange (and wrong) math

[RedskinPete]

Originally Posted by That Guy

If this is true, then its a huge risk, just because (besides the lazy argument), it kills our ability to fix the OL and leaves a hole at DE and LB (and hurts our CB depth).

I don't see anything on ESPN yet...

we could still draft orakpo (who i think is going to be a safe and very solid DE) or a top tier OT or whatnot and trade golston for a 2nd for another OL or a LB (and then OL in the 3rd).

It's also on Yahoo and NFL fanhouse.com. You don't see other player redoing contracts to help the team make other moves?

[That Guy]

working on numbers now... 32mill is the first year salary and signing bonus, and then 41 - (32 - 1st year salary) in some other guaranteed money. 7 years/100$mill means it'll actually be a bit easier on the 2009 cap then what i originally expected as a straight deal.

I'll need specifics on that non signing bonus guaranteed money to figure out the specifics, but i can assume its not on the 2009 cap and work off that... it just means that the 2010 on numbers could vary a little depending on how exactly that extra guarantee is put in there. (though technically all guaranteed money after the end of cap should count fully in 2009).

[SkinFan4Life]

I would have liked to seen us go after O Line (J. Saturday possible) and save some of that money.

[That Guy]

Originally Posted by Schneed10

you have some strange (and wrong) math

please enlighten me on how he costs us 7mill and how hall costs us 4mill then. i'll wait.

154mill, 64mill guaranteed, and it only counts 11mill in 2009 as you predicted without any work to show how that fits the current cap and accounting rules and gets passed by the league offices.

again, please, let me know what i'm missing :P cause i don't think i'm the one with the weird math here.

[SC Skins Fan]

Originally Posted by SkinFan4Life

I would have liked to seen us go after O Line (J. Saturday possible) and save some of that money.

Saturday is old and already re-signed with Indy. I'll await word of the $$ implications from the usual suspects.

[That Guy]

any links yet? i'm watching espn and looking and not seeing anything yet.