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NGT: The Redskins Cap Heíll...and I Love It

djstat : 12/6/2018 11:49 pm
Let me start by saying I think Alex Smith is a class guy. A hard working player and a good man and I feel terrible about his injury. Wish it did not happen. That said, the cap ramifications the Redskins will deal with could not happen to a more deserving owner then Dan Snyder and a team president in Bruce Allen.

When Smith signed his extension in Washington it was a 4 year extension worth $92 million, with $70 million in guarantees.

$27 million bonus spread out over 5 years ($5.4 Million per year)

His 2018 salary of $13 Million is fully guaranteed

2019 Salary of $15 Million is fully guaranteed giving him a cap number of $20.4 Million

His 2020 Salary of $16 Million is Guaranteed for injury giving him a 2020 cap number of $21.4 Million.

So the Redskkns most likely ha e $20 Million per year against the cap for a player who wonít play a down. Then when they can cut him in 2021, he will count either $10.8 million against their cap or $5.4 in 2021 and $5.4 in 2022 if they June 1 him.

Skins fans here in Maryland are crying how itís unfair they get the cap hit and I am laughing.

Feel awful for the man and the player. Laughing at the franchise. Now letís win Sunday.
Cap Hell  
djstat : 12/6/2018 11:54 pm : link
Not heíll
Guy might lose his leg  
AcesUp : 12/7/2018 1:00 am : link
Not to be that guy but it's really shitty to take joy in this.

Also, while the contract was dumb because of his age and ability, those negatives didn't have anything to do with why this won't work out for Washington. They're eating the guarantees because the guy suffered a once in a decade injury.
I Thought I heard that skins can save a bunch of cap if they  
ZogZerg : 12/7/2018 6:22 am : link
dump him before like day 5 of the off-season.

There may be some verbiage in the contract that helps the skins out. Are you sure about your numbers and guarantees?
This is what it says:  
Doomster : 12/7/2018 7:03 am : link
2020 salary fully guarantees on the 5th league day of 2019, currently guaranteed for injury....

It was a stupid contract....the 2020 salary was going to be guaranteed once the 2019 year basically started......but if he can no longer play, it's guaranteed now....

So Smith got 40M this year for one td per game......
Just  
mdthedream : 12/7/2018 7:33 am : link
delete this.
Read  
djstat : 12/7/2018 8:35 am : link
I took no joy in his injury. Feel horrible for the man. Feel awful for his family and wish him nothing but a healthy recovery. That said I donít feel sorry for dan Snyder who is a miserable human being. The cap implications are facts.
.  
Burtman : 12/7/2018 9:09 am : link
Reading comprehension - it's the new fun thing to try! It's clearly stated he feels bad for Alex Smith and is only glad to see the Redskins in cap hell. Get it? Feel bad for Alex. Feel good about Redskins troubles.
Reading comprehension - it's the new fun thing to try!  
Burtman : 12/7/2018 9:10 am : link
It's clearly stated he feels bad for Alex Smith and is only glad to see the Redskins in cap hell. Get it? Feel bad for Alex. Feel good about Redskins troubles.
Injuries suck  
Rjanyg : 12/7/2018 10:43 am : link
and I wish no player to every have a career or life threatening injury. The GM of Washington should be gut punched for this contract. This will be an example of why you don't guarantee this amount of money to anybody. It can kill your ability to field a competitive team.

Football is the ultimate team sport which requires much more than a QB. I understand the value that a good QB gives toward a teams chances of winning but $70 mill guaranteed is just a little crazy for a 36 year old QB.
Everyone is praying for Smith to get better  
weeg in the bronx : 12/7/2018 10:45 am : link
From a 'football business' perspective, it was another bad deal by the worst owner in Football. Too soon to point gloat over the stupidity of the organization perhaps.
I see nothing wrong  
mrvax : 12/7/2018 10:48 am : link
with the OP. However I do feel bad a bit for a fanbase to lose their starting QB for an indefinite period of time.

I couldn't care less about the owner(s).

RE: Everyone is praying for Smith to get better  
mrvax : 12/7/2018 10:50 am : link
In comment 14208283 weeg in the bronx said:
Quote:
From a 'football business' perspective, it was another bad deal by the worst owner in Football. Too soon to point gloat over the stupidity of the organization perhaps.


I actually did pray for Alex yesterday when I found out about the leg infection.
RE: I see nothing wrong  
Boy Cord : 12/7/2018 10:54 am : link
In comment 14208287 mrvax said:
Quote:
with the OP. However I do feel bad a bit for a fanbase to lose their starting QB for an indefinite period of time.

I couldn't care less about the owner(s).


This thread is in bad taste. There are very few people that walk this earth that dislike the Skins more than I do, but Iím not even thinking about this in terms of football. Alex Smith is in a frightening position. Infections are bad shit. He could lose his leg or worse.
RE: Guy might lose his leg  
Section331 : 12/7/2018 11:12 am : link
In comment 14208074 AcesUp said:
Quote:
Not to be that guy but it's really shitty to take joy in this.


This. It's OK to post details about Smith's cap implications, but to take delight in it is tasteless, given what he is going through.
RE: RE: I see nothing wrong  
mrvax : 12/7/2018 11:16 am : link
In comment 14208294 Boy Cord said:
Quote:
In comment 14208287 mrvax said:


Quote:


with the OP. However I do feel bad a bit for a fanbase to lose their starting QB for an indefinite period of time.

I couldn't care less about the owner(s).




This thread is in bad taste. There are very few people that walk this earth that dislike the Skins more than I do, but Iím not even thinking about this in terms of football. Alex Smith is in a frightening position. Infections are bad shit. He could lose his leg or worse.


I see your point. Re-post after Alex Smith is out of the woods. People often get serious infections in a hospital. We should all pray for AS or wish him well.
Feels good man  
Coach Red Beaulieu : 12/7/2018 11:25 am : link
Hate Dallas and Philly franchise more, but hate Foreskin's owner more, so win win.
Although there may be big cap hits, all these large contracts are  
Ivan15 : 12/7/2018 11:31 am : link
covered by insurance, so Snyder has already paid out in premiums for the financial damage.

If Smith chooses to retire, I don't know if the cap hit is adjusted somehow.

Still sucks though. I hope Smith recovers and has a normal life, even if no longer a career.

Smith is a class act  
Paulie Walnuts : 12/7/2018 11:42 am : link
would have loved to have him as a Giant, the guy loves the outdoors and it would be horrible to lose his leg, I pray for him
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