Albert Haynesworth is a Redskin!!!!

[steveo395]

I don't know if anybody has posted this yet (someone probably has, but I am too lazy to look through this huge thread), but the deal is really 4 years/$48 million, which is not bad at all.

League sources told ESPN's Chris Mortensen that a $29 million "poison pill" in the fifth year of Haynesworth's contract effectively makes it a four-year deal worth $48 million. The Redskins would owe Haynesworth a lump sum of $29 million in salary and bonuses in 2013, the fifth year of the deal. It is unlikely the team will pay the full commitment of $100 million over seven years unless the contract is re-negotiated. Haynesworth will receive $41 million in guaranteed money.

Albert Haynesworth guarantees success with Washington Redskins - 2009 NFL Free Agency - ESPN

[BigHairedAristocrat]

Haynesworth's 'real' deal likely four years, $48M

SportingNews.com - ProFootballTalk

Like we've said time and again when it comes to these big-money contracts, the number that gets reported carries a lot of fluff aimed at making the deal look better, presumably to help the agent leverage the transaction into attracting further clients.
In the case of the contract signed on Friday by defensive tackle Albert Haynesworth with the Redskins, the headlines regarding a seven-year, $100 million deal with a maximum value of $115 million sound a lot better than something like, say, four years and $48 million.

But Chris Mortensen of ESPN reports that, in reality, the contract is worth $48 million over four years.

In the fifth year of the deal, Haynesworth is due to receive a whopping $29 million in salary and bonuses. And since he'll be 32 when the 2013 season begins, the Redskins likely won't pay those amounts.

Still, $41 million of the $48 million is genuinely guaranteed, which is the true significance of the contract. Moving forward, look for a greater percentage of the actual base value of these contracts to represent guaranteed money.

WOW. Just WOW....

i LOVE this deal now that i know this. we get Haynesworth for the best years of his career and will be rid of him when he starts getting old and unproductive.