Redskins Players Will Agree to Restructure Contracts

Discussion in 'NFC East' started by JHair, Mar 3, 2006.

  1. JHair

    JHair NFLC nflcentral.net Member

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    <div class='quotetop'>QUOTE </div><div class='quotemain'>With New Deadline, Redskins Juggle Players' ContractsBy Jason La Canfora and Howard BryantWashington Post Staff WritersFriday, March 3, 2006; E04Several players have agreed to restructure their contracts to help the Washington Redskins get under the NFL's salary cap, maneuvers that would be voided if the league and players' union were to reach agreement on a new labor deal by Sunday.Players known to have agreed to reworked contracts include quarterback Mark Brunell, running back Clinton Portis, cornerback Shawn Springs, guard Randy Thomas and defensive end Renaldo Wynn. The Redskins have negotiated with other players as well, including tackle Jon Jansen and linebacker LaVar Arrington, but the final status of those talks could not be confirmed.The Redskins, like all NFL teams, had faced a 10 p.m. deadline yesterday for cap compliance. The NFL agreed to push that back three days, however, giving the league and union more time to negotiate a contract extension to the labor agreement that could add about $10 million to the salary cap figure.A labor agreement and new collective bargaining agreement would push the cap from $94.5 million to as high as $108 million; the Redskins entered yesterday with $115.4 million committed to their 51 highest-paid players in 2006. There is a group of players the team could opt to cut regardless of a new labor agreement, but as of yesterday the team had made no cuts official and would likely not release anyone until Sunday's 6 p.m. cutoff for cap compliance.Team officials were working yesterday to finalize deals, with director of football administration Eric Schaffer leading talks with agents, and were prepared to wait until 10 p.m. to make cuts.A new CBA would allow the team to make fewer drastic restructurings, easily clear cap space and address needs at wide receiver and defensive end, for instance, in free agency. Several players who agreed to contract changes said they did so at least in part to put the team in position to retain its depth and continue progressing after reaching the playoffs for the first time since 1999."The good thing is as a player, you're about the team and you try to do the best to help the team," Springs said. "And in a situation like this, it's a win-win for a lot of us. You're not getting cut, you're getting restructured and there's probably a good chance it'll be a win-win for you. We'll see next year what happens to the Redskins."Thomas said: "I helped out as much as I could. Anything to get us where we want to be going. I restructured my deal this year to save us some cap room, and I know other guys did, too."In the case of several contracts, the Redskins in essence agreed to guarantee multiple years of a contract, then prorate that money for cap purposes as a signing bonus. Later years of a contract were then voided, according to sources with knowledge of the situation, which would allow someone like Portis, for instance, to become a free agent after the 2008 season, while receiving significant additional payments in 2007 and 2008. Even then, the Redskins could re-sign such players, and all of this would be moot with a new CBA. Brunell's move alone would save about $1.8 million in cap space, sources said.A new CBA would also allow the Redskins to prorate about $20 million in 2006 roster bonuses, saving the team $15 million in cap space; they would limit any cuts and leave ample room to re-sign key free agents like starting safety Ryan Clark, starting tight end Robert Royal, defensive lineman Demetric Evans and special teams player Rock Cartwright, as well as acquire talent from elsewhere.Some players, like backup quarterback Patrick Ramsey, defensive tackle Brandon Noble, punter Tom Tupa, cornerback Walt Harris, center Cory Raymer and safety Matt Bowen, were expected to be cut regardless of the labor situation, but those moves could be delayed with a new CBA (trade talks involving Ramsey can now continue).While players yesterday were concerned with the overall labor situation, they were more occupied with whether it would break the team's momentum after a strong season."You definitely think about that," linebacker Marcus Washington said, "and that's one of the things you kind of hate about the NFL, just because there's only so much money you get to give players and sometimes you can't keep everybody you want or everyone you need and guys go other places and get better deals. It was the same way with me and the Colts. Hopefully, we can keep everybody. We've been pretty good with keeping our nucleus together, guys who really make a difference with this team."? 2006 The Washington Post Company</div>http://www.washingtonpost.com/wp-dyn/conte...0201425_pf.htmlGood to see a lot of the guys stepping up in some BAD TIMES for our team. Lets hope we don't have to lose many players because of it.
     
  2. JHair

    JHair NFLC nflcentral.net Member

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    Thought I'd add this too...<div class='quotetop'>QUOTE (chow184 @ Extremeskins.com)</div><div class='quotemain'>The Redskins will not be cutting all of their good playersRELEASESWalt Harris ($2m)Matt Bowen ($2m)Brandon Noble ($1.7m)Patrick Ramsey ($1.7m) (most likely traded)Cory Raymer ($1.0m)John Hall ($1.0m)James Thrash ($.9m)Tom Tupa ($.6m)Antonio Brown ($.5m)Jimmy Farris ($.5m)Karon Riley ($.5m)that's 12.4 million right therethen"There's a better way for the Skins to get under the cap than what PC proposes in his article. Under his plan, all but one of those players would be accepting less money over the current length of their contract than what they'd get right now, and one (Samuels) would even get less money this season than what he'd get under his current contract. And under that proposal, the Skins would be paying out more money this season AND would be guaranteeing future base salaries (which would accelerate if any of the players get cut). That's neither ideal for the Skins nor necessary.The Skins can get under the cap by paying those players (plus Santana Moss) the SAME amount of money this season and the SAME amount of money over the length of their current contract. Nobody would take a pay cut, the Skins wouldn't have to pay more money this season and they wouldn't have to guarantee any future salaries.Here's how to do it --Arrington -- $4,184,365 base salary, $2,860,635 option bonus, $9,900,506 cap number, $2,145,476 cap room savedPortis -- $3,410,714 base salary, $134,286 option bonus, $5,375,119 cap number, $100,714 cap room savedSamuels -- $2,025,397 base salary, $5,974,603 option bonus, $7,486,972 cap number, $2,730,952 cap room savedSprings -- $3,251,149 base salary, $598,851 option bonus, $5,109,195 cap number, $449,138 cap room savedWashington -- $2,557,471 base salary, $1,442,529 option bonus, $4,084,769 cap number, $1,081,897 cap room savedThomas -- $2,626,437 base salary, $873,563 option bonus, $4,256,828 cap number, $655,172 cap room savedRabach -- $1,470,000 base salary, $1,075,000 option bonus, $2,238,750 cap number, $906,250 cap room savedPatten -- $1,540,057 base salary, $794,943 option bonus, $2,188,793 cap number, $258,707 cap room savedJansen -- $1,655,172 base salary, $2,344,828 option bonus, $4,304,704 cap number, $1,298,390 cap room savedGriffin -- $2,391,667 base salary, $1,108,333 option bonus, $4,052,083 cap number, $831,250 cap room savedMoss -- $545,000 base salary, $8,365,000 option bonus, $3,241,667 cap number, $1,018,333 cap room savedBrunell -- $3,406,897 base salary, $593,103 option bonus, $4,988,506 cap number, $444,827 cap room savedTotal cap room saved: $11,921,106, with each player getting the exact same amount this season AND during the current length of their contract (fully complying with the 30 percent rule), and the Skins don't have to pay any more this season or guarantee any future salaries."that is roughly 24 million in cap savingsas said before in those re-structuresNo player actually loses any money,but it lowers the cap hit.</div>http://www.extremeskins.com/forums/showthread.php?t=146051
     

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