Quick Links

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.

Quick Links

Enemy Intel: Yes, Redskins fans, you need to root for the Cowboys again

Enemy Intel: Yes, Redskins fans, you need to root for the Cowboys again

Here is my weekly Redskins-centric spin around the NFL:

Before we get going, let’s line up the NFL wild card contenders by current seed and their remaining four games.

Giants (8-4): Cowboys, Lions, @Eagles, @Redskins
Bucs (7-5): Saints, @Cowboys, @Saints, Panthers
Redskins (6-5-1): @Eagles, Panthers, @Bears, Giants
Vikings (6-6): @Jaguars, Colts, @Packers, Bears
Packers (6-6): Seahawks, @Bears, Vikings, @Lions
Cardinals (5-6-1): @Dolphins, Saints, @Seahawks, @Rams
Saints (5-7): @Bucs, @Cardinals, Bucs, @Falcons
Eagles (5-7): Redskins, @Ravens, Giants, Cowboys

—The Redskins can knock the Eagles out of any practical chance of making the playoffs with a win on Sunday. An Eagles loss would mean they could finish no better than 8-8 and that is highly unlikely to get it done this year.

—For a second straight week, Redskins fans need to root for Cowboys to win. Or for their opponent to lose. Some wanted to make that distinction last week when Cowboys played the Vikings and the optimal outcome for the Redskins was a Dallas win. However you want to look at it, a Giants loss to Dallas could move the Redskins to within a half game of the No. 5 seed.

MORE REDSKINS: Assessing the four remainig opponents

—There should be no hesitation about pulling for the Saints to beat the Bucs. A Washington win and a Tampa Bay loss puts the Redskins back into playoff position with the No. 6 seed. The Bucs are 2.5-point favorites at home. They are the hot team, coming in with four straight wins while New Orleans has lost three of four. The Saints are on the fringe of contention but Redskins fans need to pull for the teams ahead of Washington in the standings.

—The Redskins can’t look for much help when it comes to the team immediately behind them in the standings. The Vikings visit the Jaguars, who are locked in to yet another season of double-digit losses. You might be tempted to look for the home underdog to put up a fight and they might. But Blake Bortles has thrown three pick sixes this year and the Vikings have returned two interceptions for TDs this year. Look for such a play to be decisive and for the Vikings to remain tight with Washington in the standings.

—The other team a half game behind the Redskins is the Packers. They host the Seahawks in what could be very snowy conditions in Green Bay. Seattle is a three-point favorite but if the weather gets crazy anything could happen. Redskins fans need to root for the Seahawks, for obvious reasons.

RELATED: Three Redskins out on Sunday, Reed questionable

—The Cardinals creeped back into contention with their win over the Redskins. That win and the fact that they have a tie on their ledger means that the Redskins do not want to finish with the same record as Arizona. This is one of the few situations where a tiebreaker would matter. It’s an easy call to pull for them to fall to the AFC Dolphins.

—I went 2-1 last week, winning with the Patriots over the Rams and the Seahawks over the Panthers. I have four NFL picks this week, all of them road favorites: the Redskins -1 on the road over the Eagles, the Cowboys -3 at the Giants, the Falcons -6 over the Rams in L.A., and the Seahawks giving three to the Packers.

Quick Links

Need to Know: Assessing the Redskins' four remaining opponents

Need to Know: Assessing the Redskins' four remaining opponents

Here is what you need to know on this Saturday, December 10, one day before the Washington Redskins play the Philadelphia Eagles.

Timeline

Today's schedule: No media availability

Days until: Panthers @ Redskins 9; Redskins @ Bears Christmas Eve 14; Giants @ Redskins, New Year’s Day 22

Injuries of note:
Out:
G Long (concussion), S Blackmon (concussion), DE Lanier
Limited: TE Reed (shoulder), G Scherff (ankle), DE Jean Francois (knee/foot), DE Baker (ankle), G Shawn Lauvao (groin)
Final injury report

Around Redskins Park

The Redskins have four games remaining on their schedule. Three wins would give them a record of 9-6-1 and a very good shot at the playoffs. Four will almost certainly get them a ticket to keep playing; two wins or fewer will have them needing a whole lot of help to make the postseason

Let’s take a look at the Redskins’ remaining four opponents and revisit the confidence level on the Redskins’ chances of beating each one of them. (I first did this exercise a few weeks ago).

@Eagles, 5-7, weighted DVOA via Football Outsiders, 15.3% (ranked 5th)
The Eagles looked like playoff contenders for about half of the season but they have taken a tumble back to earth, losing five of their last six. Right now the Redskins are the better team, although their long injury list is an area for concern. The Eagles appear to be in some degree of disarray after their coach accused some unnamed players of giving less than full effort. Confidence that the Redskins will win: High

Panthers, 4-8, DVOA -7.5% (25th)
They won’t be able to defend their NFC championship much longer. By the time this game comes around they could be either eliminated or on the verge of being mathematically out of the playoffs. Their problems are numerous including big issues at cornerback (too bad they didn’t have a guy who could have helped franchise tagged) and an offensive line that has been injury-wracked all year. Still, Cam Newton is a scary quarterback and he still has tight end Greg Olsen and receivers Kelvin Benjamin and Ted Ginn Jr. If the Redskins get into a shootout they could be in trouble. Confidence: Moderately high

@Bears, 3-9, DVOA -3.0%, (24th)
Matt Barkley is the Bears’ third starting QB this season and in most statistical categories he’s the worst of the three. The Bears have been hit by injuries as hard as any NFL team with multiple starters on injured reserve. They probably would have struggled even with those players healthy; without them they are one of the five worst teams in the NFL. The one thing to beware of is the late December weather in Chicago, which could randomize the outcome to an extent. Confidence: Very high

Giants, 8-4, DVOA 5.0%, (12th)
The new players on the Giants’ defense were just starting to gel when end Jason Pierre-Paul’s season ended after sports hernia surgery. Their defense, with the No. 7 DVOA (-9.6%), won’t collapse but it won’t be as strong. Eli Manning’s stats are down a tick from last year but as long as he has Odell Beckham to throw to the Giants won’t be totally stymied on offense. This one is hard to get a good feel for this far out, not knowing what might be at stake for either team. Confidence: Moderate

For comparison purposes, the 6-5-1 Redskins have a DVOA of 9.8% (10th)

Tandler on Twitter

In case you missed it