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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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Redskins' draft pick Ryan Anderson just had a baby (partly) named after him

Redskins' draft pick Ryan Anderson just had a baby (partly) named after him

Here's an updated look at second-round pick Ryan Anderson's stats since the Redskins drafted him back in late April: zero career NFL tackles, one career baby named partly after him.

On Tuesday, Alabama defensive coordinator Jeremy Pruitt honored Anderson and fellow ex-Crimson Tide linebacker Reuben Foster by combining their last names and making that combination his newborn son's middle name.

Everyone please say hello to Flynt Anderson-Foster Pruitt:

MORE REDSKINS: JORDAN REED WORKED OUT WITH AN NFL LEGEND ON TUESDAY

The gesture was not lost on Anderson, who said on Instagram that the "little guy will always hold a special place" in his heart:

One gets the sense that Anderson, who comes across as a very intense man and one whose breakfast probably consists of a bowl of motor oil, doesn't use heart emojis very often. Therefore, since he used some in his Instagram caption, you know Pruitt's decision meant a lot to him.

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Jordan Reed missed OTAs Tuesday but was still putting in work with Chad Johnson

Jordan Reed missed OTAs Tuesday but was still putting in work with Chad Johnson

Jordan Reed was reportedly absent from the Redskins' voluntary OTA practice on Tuesday, but a picture on Twitter shows the stud tight end didn't skip the session just so he could lounge around on the couch.

Chad Johnson, expert on all things such as repeatedly hauling in footballs and transforming the end zone into the 18th green at Augusta National, posted this photo of him, Reed and one other fellow, presumably following a workout:

For those who want to freak out that Washington's top offensive threat didn't show up in Ashburn for his team's OTAs, it's important to remember that 1) it was not required and 2) judging by that snapshot, Reed has had no trouble staying in football shape on his own or finding people to hone his craft with.

By the way, peep that hashtag from Johnson. When a six-time Pro Bowler and two-time All-Pro uses the word legendary to refer to someone else, that someone else should feel pretty good about himself. 

MORE: DID ONE OF THE TEAM'S TIGHT ENDS FORCE THE NFL'S CELEBRATION RULES TO CHANGE?