Per ESPN’s Adam Schefter, the Redskins have signed tight end Jordan Reed to a 5 year, $50 million contract extension. If that is indeed the base value of the contract and not an incentivized amount, Reed will now become tied with Jimmy Graham for highest paid tight end in the NFL with a $10 million per year average and a significantly higher number than the recent extensions for the Travis Kelce’s and Zach Ertz’ of the world who came in around $9 million a season. Continue reading Jordan Reed Signs $50 million Extension with Redskins »
Current Estimated 2016 Cap Space: -$5.9 Million
Expected 2016 Cap Space: $39.4 million
Estimated Rookie Cap: $5.787 million
The investment in quarterback is the biggest investment a team makes. A mistake in judgement often sets a team back three years if not more. Teams usually get stuck chasing the potential of a player and the sunk costs of the contract. This was one of the big reasons for the push in the last CBA negotiations to eliminate the uncapped rookie systems. Teams would be stuck with big money players, typically quarterbacks, eating large percentages of the salary cap and budget who were failures. But teams would chase that investment trying over and over again to find a way to make it work. That is really the heart of the matter when looking at a contract offer for Kirk Cousins.
Every year we all think we can predict what’s going to happen to our favorite NFL team, our division rivals, and the teams led by our favorite players that aren’t on our local team; and every year we end up looking back on the season wondering how whatever happened, happened. The Redskins are probably the best example of this as we all had the Cowboys, Eagles or Giants winning the NFC East, while the Redskins seemed to be the ones with the biggest drama as RG3 was benched before the season for the unproven Kirk Cousins.
The news of Ryan Kerrigan’s extension with Washington kind of got lost in the shuffle of all the Seahawks news last week, but today we got the details of Kerrigan’s extension and can give the contract a bit of a closer look. It’s an important contract because it helps fill a void for the 34 pass rusher market that never developed this offseason the way people like myself expected it to. So let’s look at the particulars of the contract.
Click through to read about Stephen Bowen’s pay cut with the Redskins
Our second team in the series is the Washington Redskins.
Best Contract: Chris Chester
Much like last year I am having a very difficult time coming up with a real “good” contract for the Redskins, so I’ll keep the choice as Chester. Overall I don’t have a good feel for the way the Redskins operate with their contracts and for the most part almost every veteran player on the roster I feel was overvalued. I am sure that many will state that Pierre Garcon should get the nod as he had a tremendous season in 2013, but again a great player does not necessarily equal a great deal. My take on Garcon remains the same in that he was a “B level” talent when he left Indianapolis and the Redskins paid him as a low level one.
As for Chester he is a solid starter and never misses a game. He is affordable at $4 million a season and the deal was a standout for Washington for all the right reasons. His contract contained no large signing bonus and no voidable year provisions while also having relatively large injury protection bonuses in the contract. These are all features of deals that I don’t associate with the Redskins, specifically at the time he was signed to play on the team.
If for whatever reason they choose to cut him this season the cap hit is negligible which is due to the low signing bonus and the fact that they had no reason to go to him for salary cap relief since his highest cap charge never exceeded $4.8 million. A contract that simply benefits both sides.
Worst Contract: Jason Hatcher
One can not deny the great season that Hatcher had in 2013 when he seemingly found himself at the age of 31 in the Cowboys new 43 defense. Hatcher was incredibly disruptive and posted 11 sacks on the season after just 16 sacks in his prior seven seasons in the NFL. There was no doubt he would get a raise in 2014 but the Redskins went above and beyond when they signed the free agent defensive tackle.
Washington went out and paid Hatcher $6.875 million a year, which ranks in the top 10 among veterans at the position. They guaranteed Hatcher over $10 million including a $9 million signing bonus that would leave the Redskins with nearly $5 million in dead money in 2016 when Hatcher will be 34. There is also no protection in the contract in regards to tying salary to injury which is something that the Redskins have used with other players. Why it would not be negotiated with a player in his 30’s is a mystery.
For a 32 year old lineman this is a pretty ridiculous contract. This is the age where teams begin to sign such players to one and two year contracts with minimal salaries and guarantees. Hatcher is a solid pro for $3-$4 million a year with annual outs out of the contract. 31 other teams would never be fooled by a one season explosion at this age to dive in this deep, but some things never change and the Redskins contractual decisions will always rank up there among the worst in the NFL. This will be a very difficult contract for Hatcher to ever live up to and Washington has little recourse but to pay him even if he fails to do just that.
2013’s Best and Worst Redskins Contracts:
2013 Best Contract: Chris Chester (Remains on Redskins roster)
2013 Worst Contract: London Fletcher (Contract expired and player retired)