Redskins ready to $pend?

[Hog1]

It was stated earlier in.........somewhere that we had 45m WE HAD to spend. NO idea as to the accuracy of the figure and with that sort of reliable audit trail......well

[SmootSmack]

Originally Posted by Hog1

It was stated earlier in.........somewhere that we had 45m WE HAD to spend. NO idea as to the accuracy of the figure and with that sort of reliable audit trail......well

Everywhere I've heard says we have 26 million to spend. That's not including figuring out what to do with McNabb/Haynesworth

[GTripp0012]

Originally Posted by Hog1

It was stated earlier in.........somewhere that we had 45m WE HAD to spend. NO idea as to the accuracy of the figure and with that sort of reliable audit trail......well

45 million SOUNDS like a lot of money to have to spend, but let me put it this way:

Lets say the Redskins sign Nnamdi Asomugha on July 27 to a 6 year, 92 million dollar contract with $40 million guaranteed.

That signing bonus is amortized over the life of the contract, so 40/6 = 6.67/year. But the year one salary is probably going to be 3 mil or less, with a large option bonus somewhere around year four of the contract. So Nnamdi's cap number in 2011, lets put it at $9 million. That's about 1/3 of our available cap space, and still plenty left to do whatever we want, outside of giving out a similar type contract to a different player.

But the Redskins just wrote a check for $40 million to Nnamdi, plus another $2 million in salary due in week one. So while $45 million is a lot to spend, the Redskins just spent to the NFLPA minimum on just one player. And still have $18 million of cap flexibility, even after signing rookies.

So yeah, one elite free agent pretty much gets the Redskins 60% (or more) of the way to the spending limit, and from that point on, it's pretty much just a normal offseason.

[Hog1]

Originally Posted by GTripp0012

45 million SOUNDS like a lot of money to have to spend, but let me put it this way:

Lets say the Redskins sign Nnamdi Asomugha on July 27 to a 6 year, 92 million dollar contract with $40 million guaranteed.

That signing bonus is amortized over the life of the contract, so 40/6 = 6.67/year. But the year one salary is probably going to be 3 mil or less, with a large option bonus somewhere around year four of the contract. So Nnamdi's cap number in 2011, lets put it at $9 million. That's about 1/3 of our available cap space, and still plenty left to do whatever we want, outside of giving out a similar type contract to a different player.

But the Redskins just wrote a check for $40 million to Nnamdi, plus another $2 million in salary due in week one. So while $45 million is a lot to spend, the Redskins just spent to the NFLPA minimum on just one player. And still have $18 million of cap flexibility, even after signing rookies.

So yeah, one elite free agent pretty much gets the Redskins 60% (or more) of the way to the spending limit, and from that point on, it's pretty much just a normal offseason.

See, that just ain't right.......this economy.....
I remember the day when 45m used to buy something...........
Thanx G!