Contract Renegotiations have begun

[Bill B]

Here is further updates on the renogotiations - I don't know who updates the cap pages but I am sure this will get in somewhere with the reworked contracts JLC says has happened....


Redskins Insider
Anyway, for those interested in the minutia, the Redskins have reworked the contracts of 3 players thus far- Randy Thomas, Andre Carter and Antwaan Randle El, with at least a half dozen more to come. According to a source with knowledge of the situation, here's the breakdown:
Randy Thomas went from a cap figure of 8.0 million to 4.1
Andre Carter went from 4.9 to 2.8 (the team guaranteed his June 1 roster bonus of $2.4 million as part of the deal)
ARE went from 4.1 to 2.7
So the Redskins saved 7.6 mil in cap space with these moves. They're top 51 (salaries) for 2008 now stands at $132 million, $16 million over the cap, "by far the most in the NFL," according to my guy.
Now, again, don't panic. They'll trim $9 million on Chris Cooley alone and will easily end up with room to chase other free agents. They'll keep guaranteeing salary and pushing things back and extending contracts. But, I ask, as a practice, how much success - Ws and Ls, we're talking - has this strategy brought with it?
Well, regardless, the song remains the same. Restructuring season is upon us. Enjoy!