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Need to Know: Washington Redskins' cap space dwindling but they have some options

Need to Know: Washington Redskins' cap space dwindling but they have some options

Here is what you need to know on this Sunday, March 12, 37 days before Washington Redskins start offseason workouts on April 17.  

Timeline

Days until:

—NFL Draft (4/27) 46
—Redskins OTAs start (5/24) 73
—Franchise tag contract deadline (7/15) 125
—First Sunday of 2017 season (9/10) 182

Redskins’ cap space dwindling but more can be created

The Redskins have not gone after any big names in the opening few days of free agency but they are getting a little low on cap space.

The biggest chunk of cap space was consumed by Kirk Cousins’ $23.9 million franchise tag. That counted against the cap from the moment it was applied. When Cousins signed it on Friday it became fully guaranteed.

The Redskins have signed five unrestricted free agents including one of their own in Vernon Davis. They also tendered two restricted free agents. Will Compton got the low tender while Chris Thompson got a tender that would trigger a second-round pick as compensation if the Redskins chose not to match an offer sheet.

Here are the 2017 cap charges of those free agents:

Terrelle Pryor $6 million
Terrell McClain $3.7 million
Vernon Davis $3.3 million
D.J. Swearinger $3.3 million
Stacy McGee $3.2 million
Chris Thompson $2.7 million
Will Compton $1.8 million

This leaves the Redskins with $14.3 million in cap space. They probably need to set aside $5 million to sign a defensive lineman such as Bennie Logan, who visited yesterday. A team wants to plan on have around $5 million in cap space going into the season to cover players on injured reserve and practice squad salaries. The also will need about $2 million to sign their draft picks (for guidance on how they will be able to sign about 10 players with $2 million in net cap space see this from last year) That leaves them with about $2.3 million to work with.

If they want some additional flexibility they do have options. If they sign another defensive lineman they would have to look hard at the $3 million they could save by moving on from Ricky Jean Francois. It seems that regardless of any other moves they will either release safety DeAngelo Hall, saving $4.25 million or negotiate a reduction in his $4.25 million salary.

There has been talk of moving on from guard Shawn Lauvao, a move that would save $4 million. But the organization may be hesitant to do that until they have a solid replacement for him. He may or may not be around in Week 1 but if they move on from it it likely will be during OTAs at the earliest and perhaps during training camp. 

RELATED: NFL Mock Draft Version 5.0

The biggest chunk of savings could come from changing Cousins’ franchise tag into a long-term deal. The prospects for being able to strike a deal are very uncertain but if they do manage to get one done a contract possibility outlined here would reduce Cousins’ cap hit to $15 million, creating $9 million in cap space.

The Redskins don’t like to restructure contracts, deals that give players with large salaries some or all their money up front, converting their salaries to signing bonuses, and pushing some of the cap charges into future seasons.

For example, they could restructure Trent Williams’ deal and cut him a check for most of his $11.25 million salary and convert it to signing bonus. That would save them about $8 million but it would increase his cap number by about $2.5 million in each of the three remaining years of his contract. Again, they don’t like to do it but it is a tool that is available to them should an emergency or opportunity arise.

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Bruce Allen goes full Belichick when talking about Snapchat

Bruce Allen goes full Belichick when talking about Snapchat

When it comes to incorrectly identifying the names of social media platforms, Bill Belichick is the standard-bearer and industry leader. Examples of terms recently uttered by the head coach include gems like "MyFace" and "Yearbook," as the football icon has demonstrated he's somewhat aware of the sites and apps yet doesn't really care about them.

Bruce Allen, though, may have just laid claim to Belichick's crown. In a 1-on-1 interview with CSN Redskins Insider JP Finlay, Allen discussed how he's not involved at all on social media and then proceeded to give Snapchat a glorious new name.

"I don't get to pay attention to everything," Allen told Finlay when asked if the team president keeps up with the constant rumors surrounding Washington quarterback Kirk Cousins.

"You're not on Twitter all the time?" Finlay interjected.

"No, I don't have Twitter," Allen answered, laughing, "and I'm not on Snapper-chapper or whatever it's called."

Allen was in the neighborhood by starting off with "Snap," but the rest of his attempt showed he's not exactly on the right street. Fortunately, unlike Belichick, Jay Gruden has gotten Snapchat's name right in the past, and could likely help Allen get used to the app if Allen ever decides to start using it.

MORE REDSKINS: JIM TOMSULA'S SNOT HAS CAUGHT BRUCE ALLEN'S EYE

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What has Bruce Allen noticed so far about Jim Tomsula? His snot

What has Bruce Allen noticed so far about Jim Tomsula? His snot

By signing free agents Stacy McGee and Terrell McClain, Bruce Allen handed new Redskins defensive line coach Jim Tomsula two pieces that the assistant apparently had his eyes on.

"He gave us specific instructions of the type of defensive lineman he was looking for and who he thought could fit our new defensive scheme," Allen told CSN Redskins Insider JP Finlay in a lengthy 1-on-1 interview at the owner's meetings in Phoenix.

So, after crossing those two names off of Tomsula's shopping list, what should Allen buy now for Tomsula? Well, after hearing the next part of Allen and Finlay's conversation, it sounds like a bunch of tissues would be appropriate.

MORE REDSKINS: THE TEAM SAYS THEY WANT TO KEEP COUSINS, BUT DO THEY MEAN IT?

"Have you seen any of the Tomsula clips from the Combine?" Finlay asked Washington's team president, referring to the drills that Tomsula led in very intense fashion. "He's got some scary looking eyes."

"I saw it from watching on the field," Allen responded. "If there's a close-up of him, I'm sure they saw some live snot somewhere in there."

Tomsula has been a part of the Redskins organization for barely more than two months, and he's already intentionally collided with one draft prospect and also impressed/shocked/worried one of his bosses with the amount of mucus his nose produces.

Long live Jim Tomsula.

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