Redskins: New Contract breakdowns/cap info

[12thMan]

What's interestng is that in 2004 half of the teams with the highest payroll didn't make the playoffs. And I'm sure that '05 had a similiar number.

I'm confortable with us being highest paid as long as we're contenders.

[CrazyCanuck]

Originally Posted by That Guy

Redskins | Contract breakdown: C. Fauria
Wed, 15 Mar 2006 23:05:36 -0800

Washington Redskins TE Christian Fauria signed a two-year contract with base salaries of $810,000 (2006) and $1 million (2007).


Redskins | Contract breakdown: Randle El
Wed, 15 Mar 2006 23:04:58 -0800

Washington Redskins WR Antwaan Randle El signed a seven-year contract with base salaries of $585,000 (2006), $595,000 (2007), $820,000 (2008), $4 million (2009), $4.25 million (2010), $4.5 million (2011) and $5.0 million (2012).


Redskins | Contract breakdown: R. Cartwright
Wed, 15 Mar 2006 23:03:55 -0800

Washington Redskins RB Rock Cartwright signed a four-year contract with base salaries of $585,000 (2006), $600,000 (2007), $750,000 (2008) and $800,000 (2009).

Thanks for the info ThatGuy.

I've been working on my cap sheets and they're almost ready.

The contracts of Randle El, Archuleta, Lloyd, and Carter all expected to be similar. So let's use Archuleta as an example. His cap numbers would breakout like this:

Salary
2006 $585
2007 $595
2008 $1,000
2009 $4,000
2010 $5,000
2011 $6,000
2012 $5,000
Total $22,180

Cap Bonuses
2006 $1,000
2007 $1,167
2008 $1,367
2009 $1,617
2010 $1,950
2011 $1,450
2012 $1,450
Total $10,000

Other Bonuses
(none)

Cap Hits
2006 $1,585
2007 $1,762
2008 $2,367
2009 $5,617
2010 $6,950
2011 $7,450
2012 $6,450
Total $32,180

[CrazyCanuck]

Originally Posted by Schneed10

Yeah it will depend on how he does in the first 3 years of the contract. If he's good, the Skins will restructure the contract and prorate that big base salary in the 4th year over the remaining life of the contract.

Agreed.

[CrazyCanuck]

Here's some info on Randle El. His salaries are announced and I expect his signing bonus to be similar to Archuleta ($6.5M up front, 5 $1M signing bonuses over the next 5 years). The numbers would break out like this:

Salary
2006 $585K
2007 $595K
2008 $820K
2009 $4,000
2010 $4,250
2011 $4,500
2012 $5,000
Total $19,750

Cap Bonuses
2006 $1,300
2007 $1,467
2008 $1,667
2009 $1,917
2010 $2,250
2011 $1,450
2012 $1,450
Total $11,500

Other Bonuses
(none)

Cap Hits
2006 $1,885
2007 $2,062
2008 $2,487
2009 $5,917
2010 $6,500
2011 $5,950
2012 $6,450
Total $31,250

[CrazyCanuck]

Here's an update on Collins. His contract is 2 years, $2.51M, $450K SB.

Salary
2006 $810
2007 $1,250
Total $2,060

Cap Bonuses
2006 $225
2007 $225
Total $450

Other Bonuses
(none)

Cap Hits
2006 $1,035
2007 $1,475
Total $2,510

[CrazyCanuck]

Here's some info on Khary Campbell. Don't have info on his signing bonus yet but the salaries break out like this:

Salary
2006 $585
2007 $600
2008 $750
Total $1,935

Depending on the amount of his signing bonus he may be eligible for the vet min exemption which would make his cap number $425K.

[JWsleep]

I look forward to your cap sheets, as always, Canuck. It will be fun to finally see the details of how the skins "avoided" the cap while ALL the other poor, innocent owners couldn't!

Also, which skins can we still expect to be released or traded, in addition to PR?

[That Guy]

canuck, only arch has 5 $1mill bonuses.

carter and El's are all up front money. arch is just an injury risk.

also, the bonuses only prorate 5 years (you have bonus money out 7 years it looks like). thats 2.2per for El and 2per for carter (6 year, 2-3 at min most likely).

[That Guy]

Originally Posted by JWsleep

I look forward to your cap sheets, as always, Canuck. It will be fun to finally see the details of how the skins "avoided" the cap while ALL the other poor, innocent owners couldn't!

Also, which skins can we still expect to be released or traded, in addition to PR?

nobodies. A brown, J Farris (500k - 275k replacement each), some other even less noticeables.

we avoided cap hell by just pushing lots of money down the road. If the cap expands fast enough, we're fine. otherwise we'll have more years like 2005 (rabach/patten/no one else) than like this year.

[JWsleep]

Originally Posted by That Guy

nobodies. A brown, J Farris (500k - 275k replacement each), some other even less noticeables.

we avoided cap hell by just pushing lots of money down the road. If the cap expands fast enough, we're fine. otherwise we'll have more years like 2005 (rabach/patten/no one else) than like this year.

Nice. As for down the road, if it means some quiet years, so be it. That's a nice thing about getting these guys young(ish)--they'll be here in their primes, so we should be set. Of course, ya never know, but the skins have been super resourceful in dancing the cap, so I have confidence even if the cap expands more slowly.

BTW, can we influence how quickly the cap moves? If we add revenue to our team, does that help? Or what? I have no idea about that aspect of the CBA...

[CrazyCanuck]

Originally Posted by That Guy

canuck, only arch has 5 $1mill bonuses.

carter and El's are all up front money. arch is just an injury risk.

also, the bonuses only prorate 5 years. thats 2.2per for El and 2per for carter (6 year, 2-3 at min most likely).

Are you sure about Carter and El's upfront money? Just because the money is announced as "guaranteed" doesn't mean it's all up front. It's unlikely they would get everything up front with no additional bonuses later in the contract.

I find that Snyder has really moved away from big roster bonuses and is using more and more option bonuses. Option bonuses get prorated, roster bonuses do not. One reason might be that he's sick of restructuring 10 contracts every offseason.

2006 bonuses prorate over 5 years. In 2007 (and for a few years after) they prorate over 6 years (if the contract runs that long).

[CrazyCanuck]

Originally Posted by JWsleep

BTW, can we influence how quickly the cap moves? If we add revenue to our team, does that help? Or what? I have no idea about that aspect of the CBA...

Yes if we add revenue it inevitably makes its way into the cap number.

There is also a new cap adjustment mechanism in place with the new cba. Basically if the 32 nfl teams combine to spend more than the cap (ie thru signing bonuses, etc.), then the league-wide cap number would come down the following year. If the teams combine to spend less than the cap, then the cap number would go up the following year.

So what direct effect can Snyder have in this area?

Let's assume every other team spends exactly the cap ($102M), and Snyder spends $32M extra ($134M) (not an easy task even for Snyder). So the following year's cap would come down by $32M, or $1M per team to $101M. This is a relatively minor adjustment. Plus it's unlikely the cap would ever actually go down while revenues are still rising. Instead what you'd see is a raise in the cap limit to reflect the new revenues, with a deduction for the previous year's overspending.

[That Guy]

Originally Posted by CrazyCanuck

Are you sure about Carter and El's upfront money? Just because the money is announced as "guaranteed" doesn't mean it's all up front. It's unlikely they would get everything up front with no additional bonuses later in the contract.

I find that Snyder has really moved away from big roster bonuses and is using more and more option bonuses. Option bonuses get prorated, roster bonuses do not. One reason might be that he's sick of restructuring 10 contracts every offseason.

2006 bonuses prorate over 5 years. In 2007 (and for a few years after) they prorate over 6 years (if the contract runs that long).

In 2007 they prorate 6 years, in 2008 and beyond, it goes back to 5. They made a very special point about archuleta's bonuses, and said absolutely nothing of the sort about any of the others. I think arch's are roster bonuses cause of his back problems, but maybe they're option bonuses...

[That Guy]

Originally Posted by JWsleep

Nice. As for down the road, if it means some quiet years, so be it. That's a nice thing about getting these guys young(ish)--they'll be here in their primes, so we should be set. Of course, ya never know, but the skins have been super resourceful in dancing the cap, so I have confidence even if the cap expands more slowly.

BTW, can we influence how quickly the cap moves? If we add revenue to our team, does that help? Or what? I have no idea about that aspect of the CBA...

yeah, but it's divided among all teams, so its increase /32, making it not a very big factor at all.

we will have 120-125mill in total actual money spending on the redskins roster this year though, which, as cannuck pointed out, help lowers next years cap of 109mill (though teams under the cap will offset that).

[CrazyCanuck]

Originally Posted by That Guy

In 2007 they prorate 6 years, in 2008 and beyond, it goes back to 5.

As per the cba, the new proration limits are as follows:

2006 5 yrs
2007 6 yrs
2008 6 yrs
2009 6 yrs
2010 6 yrs
2011 5 yrs