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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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Final Countdown: Punch to the gut floors Redskins in Arizona on 6th worst play of 2016

Final Countdown: Punch to the gut floors Redskins in Arizona on 6th worst play of 2016

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. 6 worst play of 2016

Redskins at Cardinals Week 13

3:47 left in Q4, Cardinals ball at their own 34, 4th and 1, Cardinals leading 24-23

David Johnson up the middle to ARZ 48 for 14 yards (Josh Norman).

Related: A team to watch in the Cousins situation

Tandler: What's worse than a punch in the gut? A gut punch you don't see coming. The Redskins had pulled to within a point with plenty of time left to get a winning score—if the defense could get a stop. When Bruce Arians sent out his offense on fourth and one, the Redskins had to watch for Carson Palmer to try to draw them offside. In fact, Joe Barry told the Redskins not to expect a snap and to be sure not the jump. But they did snap the ball and Johnson ran for the easiest 14 yards up the gut you’ll ever see. The air was out of the Redskins’ comeback balloon and Palmer all but put it away a few plays later with a 42-yard TD pass to J.J. Nelson.

More Redskins: Will the first round fall into place?

Finlay: This is not the first 4th Down conversion on our list of bad plays, but perhaps the most important one. Washington desperately needed this stop, and the defense thought they had it on the 3rd down play prior. Only Arians did not flinch about going for it, much to Barry's surprise, and the 'Skins D had no shot at Johnson. This play illustrated the weakness of Washington's defensive front perhaps better than any other run 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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With Matt Ryan in the Super Bowl, Kirk Cousins will make Pro Bowl, per report

With Matt Ryan in the Super Bowl, Kirk Cousins will make Pro Bowl, per report

Kirk Cousins' price tag just moved even higher with the news that he will replace Matt Ryan in the Pro Bowl. ESPN's John Keim reported the roster move first.

Ryan's Atlanta Falcons advanced to the Super Bowl on Sunday with a 44-21 dismantling of the Green Bay Packers. That victory means Ryan will not be available for the Pro Bowl, held this Sunday in Orlando. Cousins got his spot as an alternate.

Cousins gets the spot deservedly. This season he passed for 4,917 yards, completing 67 percent of his passes and throwing 25 TDs to 12 INTs. In two seasons since being named starter for the Redskins, Cousins has thrown for more than 9,000 yards. 

The Pro Bowl nod for Cousins will only make the Redskins pending contract talks that much tougher. The quarterback played in 2016 under the franchise tag, which netted him nearly $20 million. This season Washington could again place Cousins on the franchise tag, with a price tag around $24 million. Both sides can still work for a long-term deal, though the value of that contract would likely soar past $100 million and closer to $120 million.

Some questions exist within the Redskins organization if that is too much money devoted to one player, even if it is a Pro Bowl quarterback.

It's fitting that Cousins is subbing in for Ryan, who has found much success playing under Falcons offensive coordinator Kyle Shanahan. All signs points to Shanahan taking over as the 49ers head coach after the Super Bowl, and a report emerged that San Francisco would make a strong push to obtain Cousins, either in free agency or via trade. 

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!