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Redskins Buy Now, Pay Now?

Redskins Buy Now, Pay Now?

The Redskins made their first signing of the free agent period when they inked Baltimore Ravens' center Casey Rabach to a five-year contract.

The signing continued a couple of trends for the Redskins in free agency. First of all, they struck quickly, agreeing to terms with Rabach about two and a half hours in to the signing period. From ESPN.com: The team also got an early start on other team's free agents, reaching agreement with center Casey Rabach.

Rabach, an unrestricted free agent widely regarded as the top center in the veteran pool, agreed to a multi-year contract early Wednesday morning, only a few hours after the start of the 2005 signing period. It marked the third year in a row that Redskins owner Dan Snyder signed at least one player on the opening day of free agency.The other continued trend is that Rabach is 27 and entering the what should be the prime of his career. Most of the Redskins' recent free agent signings have been of players within a year or two of this age.

The trend that didn't continue, however, is the Redskins' strategy of putting their free agent spendin sprees on the equivalent of a high-interest credit card, spending for items now that they will have to pay dearly for later. While the reports of the Redskins facing the dreaded "cap hell" in 2006 and beyond are not entirely correct, they have nevertheless had a tendency to minimize the first-year cap hit in recent free agent contracts. They have done this by giving a large signing bonus, the cap impact of which is spread out over the life of the deal, and a minimal salary in the first year of the deal. This has allowed the team to add more free agent veterans than their cap room in a given year would seem to allow.

The Rabach signing, however, is different. It seems that the Redskins, at least in this particular deal, have decided to put a little more up front, make a larger down payment if you will, in order to minimize the cap hit of the contract in later years. From the same ESPN.com article:
Rabach's contract has a void for the fifth season and also includes a $2.5 million signing bonus and a $2 million roster, which will be guaranteed, according to ClaytonForget about the voidable fifth year, which is not unusual. What is different is the $2.5 million signing bonus and the $2 million guarantted roster bonus. That's essentially a $4.5 million signing bonus, which is what other media outlets reported. But there's a distinction here with a big difference.

A straight signing bonus of $4.5 million would be prorated over the life on the contract, meaning that it would cost the Redskins $900,000 against the cap for each of the next five seasons. By splitting the bonus into signing and roster they way they did, though, the Redskins will have to eat the $2 million roster bonus this year. But that will leave just $2.5 million, or $500,000 a year, to be prorated.

The exact details of the contract have yet to come out so these numbers are just reasonable estimates based on the assumption--a pretty safe one, I'm told--that the guaranteed roster bonus is in the first year of the deal. The cap experts I communicate with have said that it wouldn't make sense to do the deal any other way, and it explains the report of the $4.5 million signing bonus.

In short, the Redskins did the opposite of what they've been doing; they paid more against the cap now to save more later.

To be sure, this is just one contract and it does not mean that there's a new trend here. But it seems that the Redskins have utilized one more way to manipulate the cap to fit their particular needs.

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The Final Countdown: Eli Manning goes deep for the Redskins 7th worst play of the year

The Final Countdown: Eli Manning goes deep for the Redskins 7th worst play of the year

As should be expected when a team goes 8-7-1, there were plenty of good moments and a lot of frustrating times during the Redskins’ 2016 season. Over the next couple of weeks, Redskins Insiders Rich Tandler and JP Finlay will take detailed looks at the 10 best plays of 2016 and, to present a more complete picture of the season, the 10 worst.

No. 7 worst play of 2016

Giants at Redskins, Week 17

4:02 left in Q4, Giants ball 1st and 10 at their own 31, game tied 10-10

Eli Manning pass deep left to Tavarres King pushed ob at WAS 25 for 44 yards (Will Blackmon).

Related: The Redskins week that was

Tandler: It looked like the Redskins were on the verge of saving their season. They were down 10-0 in the third quarter but they battled back to tie it up in the late going. But after lulling the Redskins defense to sleep with running plays and short passes, Manning launched one deep down the left sideline. King, who had one reception for six yards on the season coming into the game, had a step on cornerback Greg Toler and he hauled in the pass for 44 yards. Four plays later Robbie Gould kicked a 40-yard field goal to give the Giants the lead.

More Redskins: Offensive coordinator situation set?

Finlay: In a terrible game that led to many more questions than answers for the Redskins, this play was just a huge, huge disappointment. Washington fought back to tie up a game that they had largely been outplayed in, particulrly in the first half. Remember, the Giants had nothing to play for while for the 'Skins, a win would put them in the playoffs. The New York offense was laregly nonexistent in the second half of this game, as it became obvious Eli Manning did not want to get hit. And still, the embattled Redskins defense gave up a long pass play to a dude that had contrbuted basically nothing all season. 

10 best plays countdown

10 worst plays countdown

RELATED: 2017 NFL MOCK DRAFT 1.0

Want more Redskins? Check out @JPFinlayCSN and @Rich_TandlerCSN for live updates or click here for the #RedskinsTalk Podcast on iTunes, here for Google Play or press play below. Don't forget to subscribe!

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Report: One team Redskins need to watch out for when it comes to Kirk Cousins this offseason

Report: One team Redskins need to watch out for when it comes to Kirk Cousins this offseason

Mike Shanahan likes Kirk Cousins, both as a person and as a quarterback. The former Redskins coach has made no secret about that. Luckilly for the 'Skins, especially with Cousins staring at free agency, Mike Shanahan is no longer coaching in the NFL.

His son Kyle, however, seems highly likely to take over as San Francisco 49ers head coach. And soon.

Kyle Shanahan currently serves as the offensive coordinator for the Atlanta Falcons, and once their playoff run ends, most expect Shanahan to be named Niners head coach. 

Why should Washington fans care? Allow ESPN's Adam Schefter to explain:

Kyle Shanahan is set to become the San Francisco 49ers' head coach after Atlanta's season ends. San Francisco needs a quarterback as much as any other team in the league. If Cousins is available, the 49ers would pursue him as hard as they've pursued Shanahan.

Even if Washington tags Cousins, San Francisco could attempt to pry him loose in a trade with a package that could include this year's No. 2 overall draft pick. And if Washington doesn't want to deal now, it could have issues later.

This news should not be a shock to Skins fans, but it should be taken seriously. Remember, Kyle Shanahan was part of the Washington organization when Cousins was drafted and the duo worked together in 2012 and 2013. Most quarterbacks would love to run Shanahan's No. 1 ranked offense from Atlanta, and the guess here says Cousins would probably jump at the opportunity. 

Still, much must be worked out.

While some in the Washington front office might have questions about what the long-term value should be in a Cousins contract, the team still has some control. They can place the franchise tag on Cousins this season, like they did last season, and work until mid-summer on a multi-year deal. Or Cousins can again play on a franchise tag in 2017, like he did in 2016 and passed for nearly 5,000 yards.

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What makes Schefter's report the most interesting is the mention of the No. 2 overall pick. Observing the Redskins in 2016, it became obvious the team needs more impact players on defense, and with the second overall pick combined with their own 17th pick and eight more after that, that could deliver an immediate boost. 

Whatever boost a package of draft picks might bring in will be hard pressed to match the production of Cousins. Finding a starting quarterback in the NFL is exceptionally hard, and while Cousins has shown flashes of a special player, he has certainly confirmed he is a capable player in two seasons at the helm of Jay Gruden's offense.

Scot McCloughan and the Redskins brain trust have a few more weeks before free agency, and with it, the deadline to again place the franchise tag on Cousins. It's nearly impossible to see a scenario where Cousins hits the open market this season, but if the No. 2 overall pick comes into play, other scenarios start to seem more possible. 

RELATED: 2017 NFL MOCK DRAFT 1.0

Want more Redskins? Check out @JPFinlayCSN for live updates or click here for the #RedskinsTalk Podcast on iTunes, here for Google Play or press play below. Don't forget to subscribe!