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Redskins' cap space dwindling but still enough to maneuver

Redskins' cap space dwindling but still enough to maneuver

The Redskins’ cap space is dwindling a bit after a flurry of signings late last week but they still have a good amount of money to work with.

After processing the Thursday signings of Jason Hatcher, Darryl Sharpton, and Clifton Geathers, and the release of Will Montgomery, the Redskins had $9.2 million in salary cap space left.

That number does not include the contract signed by Tracy Porter on Saturday. We don’t have the details of that deal so we don’t know what the first-year cap number is.

But we can make an estimate based on his reported terms. Ian Rapoport of NFL Network reported that Porter signed for 2 years and $6 million. As a rule of thumb, the first-year cap hit runs about half of what the average annual value of the deal is. And due to the Rule of 51, a player making about $500,000 gets knocked out of the salary cap total when Porter’s cap hit is added in. It all adds up to a net reduction of about $1 million in available cap space.

So that leaves the Redskins with about $8.2 million in cap space. It could be a little more or less but what’s a few hundred thousand dollars among friends.

They still have some needs to fill at safety and possible at right tackle. That is enough space to get some players signed. They also could create some more space by releasing some players.

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Jay Gruden at Senior Bowl: Redskins 'totally anticipate' Kirk Cousins will return in 2017

Jay Gruden at Senior Bowl: Redskins 'totally anticipate' Kirk Cousins will return in 2017

MOBILE – Jay Gruden provided a glimmer of optimism for Redskins fans freaked out about Kirk Cousins' contract situation. 

"I totally anticipate him coming back to the Washington Redskins," Gruden said. 

The Redskins coach talked from the sidelines of the Senior Bowl where he and much of the team's staff were scouting college seniors. 

Gruden explained he had texted back and forth with Cousins a few times this offseason and looked forward to watching him play in the Pro Bowl. 

Since Gruden named Cousins starter in 2015, the quarterback had passed for more than 9,000 yards and twice broken Skins franchise passing records. 

Some indications of a long term deal for Cousins land in the $120 million range, but the Washington organization also has the flexibility to use the franchise tag this season at a cost of nearly $24 million. 

MORE REDSKINS: Who else might want to trade for Cousins?

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The Final Countdown: Redskins defense can't stop Matt Stafford for 5th worst play of 2016

The Final Countdown: Redskins defense can't stop Matt Stafford for 5th 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. 5 worst play of 2016

Redskins at Lions Week 7

0:22 left in Q4, Lions ball at the Redskins 18, 3rd and 10, Redskins leading 17-13

Matthew Stafford pass short left to Anquan Boldin for 18 yards, TOUCHDOWN.

More Redskins: Podcast--All eyes now on Cousins

Tandler: The Redskins had just taken the lead on a nifty 19-yard option run by Kirk Cousins with 1:05 left to play. All they had to do was keep the Lions out of the end zone but the defense was not up to the task. In fact, it was laughably easy for Stafford. The first three times he dropped back he completed passes for 23, 14, and 20 yards and just like that the Lions were in the red zone. It looked for a minute like the Redskins might hang on as two passes went incomplete. But on third down Stafford found Boldin open inside the five and the defense couldn’t get there quickly enough to keep him out of the end zone.

Related: Gruden's fate hinges on Manusky

Finlay: 65 seconds was all the 'Skins defense needed to preserve a win by holding the Lions without a touchdown. 65 seconds away from a five-game win streak, and knowing what we do now, a playoff berth. The Redskins defense couldn't stop Stafford, or Boldin, and lost in Detroit. A gut wrenching loss as the momentum on the Washington sideline seemed incredibly high just minutes before when Cousins ran in what looked like the game-winning score. 

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!