Redskins: New Contract breakdowns/cap info
 

[b]Redskins | Contract breakdown: C. Fauria[/b]
Wed, 15 Mar 2006 23:05:36 -0800

[url="http://www.kffl.com/team/37/nfl"]Washington Redskins[/url] TE [url="http://www.kffl.com/player/1195/nfl"]Christian Fauria[/url] signed a two-year contract with base salaries of $810,000 (2006) and $1 million (2007).


[b]Redskins | Contract breakdown: Randle El[/b]
Wed, 15 Mar 2006 23:04:58 -0800

[url="http://www.kffl.com/team/37/nfl"]Washington Redskins[/url] WR [url="http://www.kffl.com/player/1549/nfl"]Antwaan Randle El[/url] signed a seven-year contract with base salaries of $585,000 (2006), $595,000 (2007), $820,000 (2008), $4 million (2009), $4.25 million (2010), $4.5 million (2011) and $5.0 million (2012).


[b]Redskins | Contract breakdown: R. Cartwright[/b]
Wed, 15 Mar 2006 23:03:55 -0800

[url="http://www.kffl.com/team/37/nfl"]Washington Redskins[/url] RB [url="http://www.kffl.com/player/1914/nfl"]Rock Cartwright[/url] signed a four-year contract with base salaries of $585,000 (2006), $600,000 (2007), $750,000 (2008) and $800,000 (2009).






unfortunately KFFL doesn't include bonus money in breakdowns. El has an 11mill bonus (might be 11.5?) and arch has a 5mill bonus with 5 yearly 1mill roster bonuses starting next year. Carter has $10mill SB, and lloyd will probably have a 10$mill bonus, but i haven't seen details on his contract yet (since its not done).


Killings, and the bonus money for both Fauria and Cartwright are unknown. I'd assume Fauria is getting around 1.5$mill in SB, but that's just a guess.

Re: Redskins: New Contract breakdowns/cap info
 

Its interesting to look at how players contracts are structured when when they're expected to play them out as opposed to when there's a chance of them being dumped.

cartwright and fauria (And presumably killings, who probably did a 2-4 year deal near min) will stick around till their contracts expire. Randle is gauranteed 3 years here at around 3mill/year in cap charge, and probably another year at 4mill. the 5th, 6th and 7th years are completely optional for the team.

that means he's really only a 3mill a year WR, which is much more in line with his skills than his 5mill/year contract originally indicated, and actually isn't that bad a deal as i thought for a pro bowl quality returner and #3 slot WR).

he may never see the last 14$mill of his deal.

Re: Redskins: New Contract breakdowns/cap info
 

Guy, I'm interested in knowing where the Redskins rank in terms of payroll. Not really cap numbers, per se.

With all the talk of us over-spending, I wonder who actually has the highest payroll in the NFL. I'm tired of these arm-chair cap analysts on TV who critisize us year in and year out.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=That Guy]Its interesting to look at how players contracts are structured when when they're expected to play them out as opposed to when there's a chance of them being dumped.

cartwright and fauria (And presumably killings, who probably did a 2-4 year deal near min) will stick around till their contracts expire. Randle is gauranteed 3 years here at around 3mill/year in cap charge, and probably another year at 4mill. the 5th, 6th and 7th years are completely optional for the team.

that means he's really only a 3mill a year WR, which is much more in line with his skills than his 5mill/year contract originally indicated, and actually isn't that bad a deal as i thought for a pro bowl quality returner and #3 slot WR).

he may never see the last 14$mill of his deal.[/QUOTE]

Yeah it will depend on how he does in the first 3 years of the contract. If he's good, the Skins will restructure the contract and prorate that big base salary in the 4th year over the remaining life of the contract.

I think he'll be good.

Re: Redskins: New Contract breakdowns/cap info
 

nice rock is back for quite a while...

Re: Redskins: New Contract breakdowns/cap info
 

The Redskins have the highest payroll every year. Well, maybe not every year but pretty damn close. We may have $100mil in salary cap numbers, but we are well over that in terms of actual figures. probably in the 120's or higher with bonuses and coaches salaries.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=#56fanatic]The Redskins have the highest payroll every year. Well, maybe not every year but pretty damn close. We may have $100mil in salary cap numbers, but we are well over that in terms of actual figures. probably in the 120's or higher with bonuses and coaches salaries.[/QUOTE]

I would still like to see the actual numbers if someone could put that together.
And aren't salary cap numbers and actual year-to-year payroll numbers different.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=12thMan]Guy, I'm interested in knowing where the Redskins rank in terms of payroll. Not really cap numbers, per se.

With all the talk of us over-spending, I wonder who actually has the highest payroll in the NFL. I'm tired of these arm-chair cap analysts on TV who critisize us year in and year out.[/QUOTE]

we alway lead in actual payroll. the brown may be close this year (they've also spent a lot in bonuses)... our actual payroll this year is probably close to 120mill this year.

(about 50mill base + new cba vet min raises (4mill?) + ~40mill in new SB bonuses, +10mill in other bonuses, +owed bonus due to lavar (1.5mill?) on release), thats 106mill there...

we still have guys to resign and draft picks and posibly a few more FAs to add, so i'm sure we'll be really close to 120mill after FA and the draft are done.

coaching staff is 5mill (JG) + 2.7(GW) + 2 (AS) + staff (4mill? how much of the scouting dept/trainers etc do you want to count?) so almost 14mill in coaches.

Re: Redskins: New Contract breakdowns/cap info
 

It realy looks like our deal with players while they sound high in total numbers really are not reality and will run much less or spread out longer. We know that a player like El if he performs on the field we will restructure in the latter years and bring those cap numbers down . Am I right in my assessment of how we are working the contracts?

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=firstdown]It realy looks like our deal with players while they sound high in total numbers really are not reality and will run much less or spread out longer. We know that a player like El if he performs on the field we will restructure in the latter years and bring those cap numbers down . Am I right in my assessment of how we are working the contracts?[/QUOTE]

we wouldn't even need to restructure. he'd go from 3/year (first three years) to 4.5mill a year over the last four... either he merits that paycheck or he doesn't. after the 4th year he can be cut for instant cap savings at any time.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=That Guy]we wouldn't even need to restructure. he'd go from 3/year (first three years) to 4.5mill a year over the last four... either he merits that paycheck or he doesn't. after the 4th year he can be cut for instant cap savings at any time.[/QUOTE]

So does this mean that we get more "cap friendly" over the next three years?

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=12thMan]Guy, I'm interested in knowing where the Redskins rank in terms of payroll. Not really cap numbers, per se.

With all the talk of us over-spending, I wonder who actually has the highest payroll in the NFL. I'm tired of these arm-chair cap analysts on TV who critisize us year in and year out.[/QUOTE]

[url="http://asp.usatoday.com/sports/football/nfl/salaries/totalpayroll.aspx?year=2002"]http://asp.usatoday.com/sports/football/nfl/salaries/totalpayroll.aspx?year=2002[/url]

Re: Redskins: New Contract breakdowns/cap info
 

as of 2004 we had the highest.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=12thMan]So does this mean that we get more "cap friendly" over the next three years?[/QUOTE]

only if we don't continue adding more players with big bonuses and more massive restructuring efforts.

but we probably will ;) we lead the league in deadcap every year i believe (which is cap charges for players no longer on your roster).

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=Pocono][url="http://asp.usatoday.com/sports/football/nfl/salaries/totalpayroll.aspx?year=2002"]http://asp.usatoday.com/sports/football/nfl/salaries/totalpayroll.aspx?year=2002[/url][/QUOTE]

that only goes to 2004 :/

says we had 117mill spent in 2004, 2005 would probably be less (only two minor signings and moss) and this year (obviously) is going to be more.

Re: Redskins: New Contract breakdowns/cap info
 

What's interestng is that in 2004 half of the teams with the highest payroll didn't make the playoffs. And I'm sure that '05 had a similiar number.

I'm confortable with us being highest paid as long as we're contenders.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=That Guy][b]Redskins | Contract breakdown: C. Fauria[/b]
Wed, 15 Mar 2006 23:05:36 -0800

[url="http://www.kffl.com/team/37/nfl"]Washington Redskins[/url] TE [url="http://www.kffl.com/player/1195/nfl"]Christian Fauria[/url] signed a two-year contract with base salaries of $810,000 (2006) and $1 million (2007).


[b]Redskins | Contract breakdown: Randle El[/b]
Wed, 15 Mar 2006 23:04:58 -0800

[url="http://www.kffl.com/team/37/nfl"]Washington Redskins[/url] WR [url="http://www.kffl.com/player/1549/nfl"]Antwaan Randle El[/url] signed a seven-year contract with base salaries of $585,000 (2006), $595,000 (2007), $820,000 (2008), $4 million (2009), $4.25 million (2010), $4.5 million (2011) and $5.0 million (2012).


[b]Redskins | Contract breakdown: R. Cartwright[/b]
Wed, 15 Mar 2006 23:03:55 -0800

[url="http://www.kffl.com/team/37/nfl"]Washington Redskins[/url] RB [url="http://www.kffl.com/player/1914/nfl"]Rock Cartwright[/url] signed a four-year contract with base salaries of $585,000 (2006), $600,000 (2007), $750,000 (2008) and $800,000 (2009).
[/QUOTE]

Thanks for the info ThatGuy.

I've been working on my cap sheets and they're almost ready.

The contracts of Randle El, Archuleta, Lloyd, and Carter all expected to be similar. So let's use Archuleta as an example. His cap numbers would breakout like this:

Salary
2006 $585
2007 $595
2008 $1,000
2009 $4,000
2010 $5,000
2011 $6,000
2012 $5,000
Total $22,180

Cap Bonuses
2006 $1,000
2007 $1,167
2008 $1,367
2009 $1,617
2010 $1,950
2011 $1,450
2012 $1,450
Total $10,000

Other Bonuses
(none)

Cap Hits
2006 $1,585
2007 $1,762
2008 $2,367
2009 $5,617
2010 $6,950
2011 $7,450
2012 $6,450
Total $32,180

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=Schneed10]Yeah it will depend on how he does in the first 3 years of the contract. If he's good, the Skins will restructure the contract and prorate that big base salary in the 4th year over the remaining life of the contract.[/QUOTE]

Agreed.

Randle El
 

Here's some info on Randle El. His salaries are announced and I expect his signing bonus to be similar to Archuleta ($6.5M up front, 5 $1M signing bonuses over the next 5 years). The numbers would break out like this:

Salary
2006 $585K
2007 $595K
2008 $820K
2009 $4,000
2010 $4,250
2011 $4,500
2012 $5,000
Total $19,750

Cap Bonuses
2006 $1,300
2007 $1,467
2008 $1,667
2009 $1,917
2010 $2,250
2011 $1,450
2012 $1,450
Total $11,500

Other Bonuses
(none)

Cap Hits
2006 $1,885
2007 $2,062
2008 $2,487
2009 $5,917
2010 $6,500
2011 $5,950
2012 $6,450
Total $31,250

Todd Collins
 

Here's an update on Collins. His contract is 2 years, $2.51M, $450K SB.

Salary
2006 $810
2007 $1,250
Total $2,060

Cap Bonuses
2006 $225
2007 $225
Total $450

Other Bonuses
(none)

Cap Hits
2006 $1,035
2007 $1,475
Total $2,510

Khary Campbell
 

Here's some info on Khary Campbell. Don't have info on his signing bonus yet but the salaries break out like this:

Salary
2006 $585
2007 $600
2008 $750
Total $1,935

Depending on the amount of his signing bonus he may be eligible for the vet min exemption which would make his cap number $425K.

Re: Redskins: New Contract breakdowns/cap info
 

I look forward to your cap sheets, as always, Canuck. It will be fun to finally see the details of how the skins "avoided" the cap while ALL the other poor, innocent owners couldn't!

Also, which skins can we still expect to be released or traded, in addition to PR?

Re: Redskins: New Contract breakdowns/cap info
 

canuck, only arch has 5 $1mill bonuses.

carter and El's are all up front money. arch is just an injury risk.

also, the bonuses only prorate 5 years (you have bonus money out 7 years it looks like). thats 2.2per for El and 2per for carter (6 year, 2-3 at min most likely).

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=JWsleep]I look forward to your cap sheets, as always, Canuck. It will be fun to finally see the details of how the skins "avoided" the cap while ALL the other poor, innocent owners couldn't!

Also, which skins can we still expect to be released or traded, in addition to PR?[/QUOTE]

nobodies. A brown, J Farris (500k - 275k replacement each), some other even less noticeables.

we avoided cap hell by just pushing lots of money down the road. If the cap expands fast enough, we're fine. otherwise we'll have more years like 2005 (rabach/patten/no one else) than like this year.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=That Guy]nobodies. A brown, J Farris (500k - 275k replacement each), some other even less noticeables.

we avoided cap hell by just pushing lots of money down the road. If the cap expands fast enough, we're fine. otherwise we'll have more years like 2005 (rabach/patten/no one else) than like this year.[/QUOTE]


Nice. As for down the road, if it means some quiet years, so be it. That's a nice thing about getting these guys young(ish)--they'll be here in their primes, so we should be set. Of course, ya never know, but the skins have been super resourceful in dancing the cap, so I have confidence even if the cap expands more slowly.

BTW, can we influence how quickly the cap moves? If we add revenue to our team, does that help? Or what? I have no idea about that aspect of the CBA...

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=That Guy]canuck, only arch has 5 $1mill bonuses.

carter and El's are all up front money. arch is just an injury risk.

also, the bonuses only prorate 5 years. thats 2.2per for El and 2per for carter (6 year, 2-3 at min most likely).[/QUOTE]

Are you sure about Carter and El's upfront money? Just because the money is announced as "guaranteed" doesn't mean it's all up front. It's unlikely they would get everything up front with no additional bonuses later in the contract.

I find that Snyder has really moved away from big roster bonuses and is using more and more option bonuses. Option bonuses get prorated, roster bonuses do not. One reason might be that he's sick of restructuring 10 contracts every offseason.

2006 bonuses prorate over 5 years. In 2007 (and for a few years after) they prorate over 6 years (if the contract runs that long).

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=JWsleep]BTW, can we influence how quickly the cap moves? If we add revenue to our team, does that help? Or what? I have no idea about that aspect of the CBA...[/QUOTE]

Yes if we add revenue it inevitably makes its way into the cap number.

There is also a new cap adjustment mechanism in place with the new cba. Basically if the 32 nfl teams combine to spend more than the cap (ie thru signing bonuses, etc.), then the league-wide cap number would come down the following year. If the teams combine to spend less than the cap, then the cap number would go up the following year.

So what direct effect can Snyder have in this area?

Let's assume every other team spends exactly the cap ($102M), and Snyder spends $32M extra ($134M) (not an easy task even for Snyder). So the following year's cap would come down by $32M, or $1M per team to $101M. This is a relatively minor adjustment. Plus it's unlikely the cap would ever actually go down while revenues are still rising. Instead what you'd see is a raise in the cap limit to reflect the new revenues, with a deduction for the previous year's overspending.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=CrazyCanuck]Are you sure about Carter and El's upfront money? Just because the money is announced as "guaranteed" doesn't mean it's all up front. It's unlikely they would get everything up front with no additional bonuses later in the contract.

I find that Snyder has really moved away from big roster bonuses and is using more and more option bonuses. Option bonuses get prorated, roster bonuses do not. One reason might be that he's sick of restructuring 10 contracts every offseason.

2006 bonuses prorate over 5 years. In 2007 (and for a few years after) they prorate over 6 years (if the contract runs that long).[/QUOTE]

In 2007 they prorate 6 years, in 2008 and beyond, it goes back to 5. They made a very special point about archuleta's bonuses, and said absolutely nothing of the sort about any of the others. I think arch's are roster bonuses cause of his back problems, but maybe they're option bonuses...

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=JWsleep]Nice. As for down the road, if it means some quiet years, so be it. That's a nice thing about getting these guys young(ish)--they'll be here in their primes, so we should be set. Of course, ya never know, but the skins have been super resourceful in dancing the cap, so I have confidence even if the cap expands more slowly.

BTW, can we influence how quickly the cap moves? If we add revenue to our team, does that help? Or what? I have no idea about that aspect of the CBA...[/QUOTE]

yeah, but it's divided among all teams, so its increase /32, making it not a very big factor at all.

we will have 120-125mill in total actual money spending on the redskins roster this year though, which, as cannuck pointed out, help lowers next years cap of 109mill (though teams under the cap will offset that).

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=That Guy]In 2007 they prorate 6 years, in 2008 and beyond, it goes back to 5.[/QUOTE]

As per the cba, the new proration limits are as follows:

2006 5 yrs
2007 6 yrs
2008 6 yrs
2009 6 yrs
2010 6 yrs
2011 5 yrs

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=CrazyCanuck]As per the cba, the new proration limits are as follows:

2006 5 yrs
2007 6 yrs
2008 6 yrs
2009 6 yrs
2010 6 yrs
2011 5 yrs[/QUOTE]

weird i read an article (gil brandt?) that said is was only 6 years in 2007 and 5 in 2008... it was also the article that listed new vet min numbers and yearly increases in vet min salaries.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=CrazyCanuck]I find that Snyder has really moved away from big roster bonuses and is using more and more option bonuses. Option bonuses get prorated, roster bonuses do not. One reason might be that he's sick of restructuring 10 contracts every offseason.[/QUOTE]

I think you're probably right about the shift towards using option bonuses. Thinking about it from a team salary cap perspective, an option bonus still allows the Redskins to prorate the payment over 5 years of the contract, just like an up-front signing bonus would. And then from a business perspective, using the option bonus helps Snyder's cash flow as he's not forced to pay out the entire signing bonus in lump sum. He can pay some of it up front in lump sum, but put off the remaining payment until later. This allows him to keep some extra cash on hand, which he can plow back into the business to earn a return on new capital investments, or just sock that cash into investment accounts that earn interest. Then when the option bonus comes due, he can pay it up at that point, and be better off financially than he would have been if he paid the entire bonus up front in a lump-sum.

Smart business man, that Dan Snyder.

Re: Redskins: New Contract breakdowns/cap info
 

i still haven't seen any mention except for arch on deferred bonuses.

I think the bears offered 8mill up front, and even though the contract was less money, i assume dan would beat the SB anyways.

Re: Redskins: New Contract breakdowns/cap info
 

CC...Campbell doesn't qualify for the vet subsidy because he has a multi-year contract. Also I believe they don't have 5 option bonuses but one option bonus in 07 that triggers the final year of the contract and is prorated over the next 5 years. I don't know what kinds of options 5 option bonuses would trigger.

BTW...Future guaranteed money must be placed in escrow when a contract is signed to discourage teams from guaranteeing future salary. As for cash over cap because the Skins have about 15M in dead money and perhaps 30M in prorations for players still on the roster that reflect money paid in previous years Snyder would have to write over 48M of signing bonuses to go over the limit of cap+2%. That would only be the case this year if future guaranteed money is charged when it's placed in escrow instead of when it's actually paid to the player.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=Pocono]CC...Campbell doesn't qualify for the vet subsidy because he has a multi-year contract. Also I believe they don't have 5 option bonuses but one option bonus in 07 that triggers the final year of the contract and is prorated over the next 5 years. I don't know what kinds of options 5 option bonuses would trigger.

BTW...Future guaranteed money must be placed in escrow when a contract is signed to discourage teams from guaranteeing future salary. As for cash over cap because the Skins have about 15M in dead money and perhaps 30M in prorations for players still on the roster that reflect money paid in previous years Snyder would have to write over 48M of signing bonuses to go over the limit of cap+2%. That would only be the case this year if future guaranteed money is charged when it's placed in escrow instead of when it's actually paid to the player.[/QUOTE]

You're saying some things that are new to me. Can you please give me the links?

1. 15 Million in dead money?? Where'd you get that number? Last I saw it was closer to 3M.

2. Never seen anything about requiring an escrow for future guaranteed money. Also, even if such an escrow exists, it probably only applies to certain bonuses. In Arch's case, I think he only gets the bonus if he is actually on the team. If he is cut, he doesn't get the bonus.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=Pocono]CC...Campbell doesn't qualify for the vet subsidy because he has a multi-year contract. Also I believe they don't have 5 option bonuses but one option bonus in 07 that triggers the final year of the contract and is prorated over the next 5 years. I don't know what kinds of options 5 option bonuses would trigger.

BTW...Future guaranteed money must be placed in escrow when a contract is signed to discourage teams from guaranteeing future salary. As for cash over cap because the Skins have about 15M in dead money and perhaps 30M in prorations for players still on the roster that reflect money paid in previous years Snyder would have to write over 48M of signing bonuses to go over the limit of cap+2%. That would only be the case this year if future guaranteed money is charged when it's placed in escrow instead of when it's actually paid to the player.[/QUOTE]

dead money is generally bonus money that's actually been paid in previous years, but is only hitting the cap this year, so it probably wouldn't be part of this year's total (real money) payroll.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=That Guy]dead money is generally bonus money that's actually been paid in previous years, but is only hitting the cap this year, so it probably wouldn't be part of this year's total (real money) payroll.[/QUOTE]

That's what I'm saying. The dead money and prorations from previous signing bonuses are charged against the cap this year but were paid in the past so they aren't part of total payroll. So of the 102M cap amount 45M was paid in the past and accounted for now so to exceed 102M+ 2% the Skins would have to pay at least 45M+ 2% in bonuses.

As for the dead money it was 3.6M but you have to add Arrington's dead money and the dead money from the 5 other players they released to get under the cap.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=Pocono]That's what I'm saying. The dead money and prorations from previous signing bonuses are charged against the cap this year but were paid in the past so they aren't part of total payroll. So of the 102M cap amount 45M was paid in the past and accounted for now so to exceed 102M+ 2% the Skins would have to pay at least 45M+ 2% in bonuses.

As for the dead money it was 3.6M but you have to add Arrington's dead money and the dead money from the 5 other players they released to get under the cap.[/QUOTE]

only arrington's 8+mill is significant. everyone else is probably close to 3mill.

but we have about 42mill in singing bonuses for new players already, and all those bonuses and restructures done this year count above and beyond that (as well as the new base salaries for new players). with the dead money and the extra players beyond those counting towards the cap (4-6mill). plus signings yet to be made andd rookies. last i looked we were headed towards a 120-125mill actual payroll.

Re: Redskins: New Contract breakdowns/cap info
 

[QUOTE=Pocono]BTW...Future guaranteed money must be placed in escrow when a contract is signed to discourage teams from guaranteeing future salary.[/QUOTE]
I didn't know that. I guess that means you have to tie up the cash in said escrow account, preventing you from using it in the meantime? Who gets the interest on said escrow account, the player or Snyder? I'd think it would be Snyder.