The Washington Redskins, one of the teams we believed was in danger of not being cap compliant when league accounting rules changed, have restructured the contract of DE Stephen Bowen to gain the needed cap room. The Redskins dropped Bowen’s P5 from $3.9 million to the league minimum and converted the balance to a signing bonus that will be prorated over the final 3 years of the contract. The moves saves Washington $2.04 million in salary cap space in 2013.
Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.