Portis put on IR, done for '09

[Monkeydad]

Redskins Insider - Portis' future and the salary cap


Portis' future and the salary cap

Many in the league believe 2010 will be an uncapped year, but the current system and its rules still are in place. If the Redskins released Clinton Portis before June 1 in 2010, they could face a cap hit of as much as $14.8 million, according to league sources familiar with Portis's contract and the Redskins' cap situation.

Portis last renegotiated his contract in March 2008, receiving a signing bonus of almost $9.4 million. By the end of this season, Portis, under the terms of the renegotiated deal, will have been paid more than $2.35 million in salaries and bonuses in addition to his signing bonus. Most of Portis's 2010 base salary of almost $7.2 million is guaranteed, and he is also due roster and workout bonuses totaling about $507,000.

The Redskins also have "offset" language on the guaranteed portion of his contract. If Washington released Portis and he joined another team next season, the Redskins would receive a credit against his guarantee for any additional salary.

[CrazyCanuck]

Originally Posted by Buster

If the Redskins released Clinton Portis before June 1 in 2010, they could face a cap hit of as much as $14.8 million, according to league sources familiar with Portis's contract and the Redskins' cap situation.

This seems high to me. I have his 2009 release fee just under $14M but only $8.5M for 2010. His contract's been reworked and restructured a few times so my numbers could be off but still seems like a big discrepancy. I expect his 2010 release fee to be around $8-$10M.