Current Redskins Salary Cap Status - 2008

[Schneed10]

Thanks for the love.

I'm making an update. Thanks to SS, we saw a little tidbit regarding some advanced cap-massaging performed by the Skins at the end of 2007. Essentially, coming down the stretch, the Redskins had about $1.8 million in excess unused cap space. There's a loophole in the CBA that says if you renegotiate a contract after the season starts, and you put incentives into the contract, the incentives are automatically considered Likely To Be Earned, regardless of how attainable they are. Hence, the Redskins renegotiated the contract of Randall Godfrey at the end of the season, putting about $1.8 million in incentives into his contract. They were incentives that were impossible to reach, but get treated as LTBE. According to cap rules, when a Likely To Be Earned incentive is not reached, the team gets credit for it in the form of extra cap room the following year.

Essentially, because of this clever maneuver, the Skins managed to push $1.8 million in 2007 cap space into 2008. Because of this little discovery, our cap numbers just got better by $1.8 million.

Clever stuff. Lots of other teams do this, but clever nonetheless.

The change is reflected in the first post in this thread under the current status section.