With the free agent market starting to heat up, the Redskins are waiting on a final salary cap number from the NFL to find out just how much cap space they will have to work with.
It seems like every time someone reports on the cap estimate it goes up. As of now—and this could change at any moment—the lowest estimate out there is $132 million and the highest is about $135 million. Let’s split the difference and say that the cap will be $133.5 million.
If that’s the case, the Redskins will have about $31.5 million in cap space to work with. That total includes the one deal the Redskins have reached to date, DeAngelo Hall’s four-year, $17 million contract. The structure of that deal creates a cap hit of just $2.1 million.
The Redskins can create more room by releasing some players who are not playing up to their contracts. Among the possible cap casualties are DE Stephen Bowen ($1.98 million in cap savings), DE Adam Carriker ($2.99 million), OL Kory Lichtensteiger ($1.5 million), and OT Tyler Polumbus ($2.5 million).
The team is carrying $7.5 million in dead cap. The bulk of that was created by the voiding contracts of Josh Morgan ($3.3 million), London Fletcher ($2.1 million), and Brandon Meriweather ($1.2 million).
Note: This was posted prior to the announcement that the Redskins had re-signed DL Chris Baker. It will be updated when we know the details of his contract.