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What would a Kirk Cousins contract extension look like?

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What would a Kirk Cousins contract extension look like?

The Redskins have won two of their last three games, with quarterback Kirk Cousins playing a major part in the two wins. Cousins is a free agent at the end of the season and talk is starting to turn towards the possibility of the Redskins and the quarterback beginning discussions on a new deal.

According to reports, no talks have started between the Redskins and Mike McCartney, Cousins' agent. Jay Gruden said yesterday that Cousins "is a guy we'd like to keep around."

Cousins’ signed the standard four-year rookie deal after he was drafted in 2012. This year he is making the fourth-year veteran minimum salary of $660,000 this season. That’s great money for most of America but it’s not much for a starting NFL quarterback.

What would a Cousins extension look like? With seven games left in this, his first season the full-time starter, there are still a lot of variables. But barring either a total collapse or a Cousins-led run deep into the playoffs, we have a comparable deal that we can look at to get an idea.

Nick Foles, also drafted in 2012, recently got a contract extension from his current team, the Rams. He was traded from the Eagles to the Rams this past offseason. In Philadelphia Foles had one very good year as a starter. In 2013 he started 10 games, threw 27 touchdowns and just two interceptions, and posted an impressive passer rating of 119.2. That performance earned him a Pro Bowl selection.

He came back to earth in 2014, missing half the season with injuries and posting 13 touchdowns to 10 interceptions and a passer rating of 81.4.

Despite those pedestrian numbers, the Rams made the trade and got to work signing him to an extension. They agreed on a two-year extension that put a little more cash in his pocket this year (the last season of his rookie deal) and put him under contract through 2017. The two-year extension is worth $24.5 million with $13.7 million of that guaranteed. He can also earn up to $4.5 million in incentives and the last year of his contract can be voided by meeting performance benchmarks.

Foles’ deal also is fairly painless for the Rams to get out of after 2016 since all of the guaranteed money will have been paid out. That is relevant now because he has been benched, although Jeff Fisher said that Foles will return as the starter at some point.

There is a key difference between Foles’ situation prior to this season and the one the Redskins have with Cousins now. Foles had a year left on his contract so the Rams were giving him his payday early. That perhaps led to something of a hometown discount for the Rams.

At most, the Redskins will be buying out less than two months of free agency for Cousins and probably less than that. Between that factor and the fact that the salary cap will grow by some $10 million per team this year could push Cousins’ deal somewhat north of $12 million per year.

I don’t see it going too much higher than that, however, barring a tremendous run by Cousins and the Redskins over the last seven games. There has been speculation that Cousins could end up in the $17 million per year range, perhaps higher. But you won’t find any one-year starters who are making that kind of money. Quarterbacks with contracts averaging from $17-$18 million per year are the likes of Peyton Manning, Alex Smith, Matt Stafford, Tony Romo and Jay Cutler. That’s too high for Cousins, who will have 25 career starts under his belt at the end of the season.

The market is likely to force Cousins to take less per season than most starting quarterbacks will make (a deal averaging $12 million per year would rank 21st among quarterbacks) but he won’t sign a long-term deal at that price. And he will want some incentives and escalators in case he does outperform the contract.

Putting all of that together, we’re looking at something in the neighborhood of three years in the $35-$40 million range with about $15 million guaranteed. Throw in the possibility of adding a couple of million per year in incentives and make the third year void if Cousins plays well and you have the outlines of a deal.

Some of you who are not sold on Cousins as the answer for the future might think that $40 million is an outrageous amount of money to pay him. But quarterbacks are expensive and they are expensive because of simple economics—the demand exceeds the supply. If you don’t pay Cousins, the question becomes who do you pay? There is not a tree somewhere that a team can go to and grab a quarterback who can post a perfect passer rating in a game or lead three fourth-quarter comebacks in a four-game span including one from 24 points down.

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Over/under: Redskins running backs in 2017

Over/under: Redskins running backs in 2017

Redskins running backs over-under

The Redskins’ running backs depth chart looks quite different from how it did a year ago. Rob Kelley, who was “ninth-string” back last year per Jay Gruden, is the starter. Samaje Perine enters the mix with expectations that exceed those normally assigned to a fourth-round pick. Chris Thompson is the constant as the third-down back. What kind of numbers will they put up this year? Redskins Insiders Rich Tandler and JP Finlay go over-under on some Redskins running back stats. 

Rob Kelley, 1,000 rushing yards

Tandler: If you project Kelley’s production in the nine games he started over 16 games it comes to about 1,050 yards. He had his ups and downs in those nine starts and he will have them this year. But he should have enough ups to be able to average the 62.5 yards per game needed to hit the thousand-yard mark. Over

Finlay: Unlike wide receivers, where 25 guys broke the 1,000 yard mark in 2016, it's getting harder and harder for a running back to hit four-figures. In 2016, only 12 RBs ran for more than 1,000 yards, and only eight got over 1,100 yards. As the NFL becomes more and more of a passing league, less backs are getting the carries sufficient for a 1,000 yard season. The Redskins haven't had a 1,000 yard rusher since Alfred Morris in 2014. While I think Kelley gets the bulk of the yardage, I think it caps out about 900 yards and Chris Thompson and Samaje Perine creep into the total. Under

RELATED: Who's next at QB for the Redskins?

Kelley, 10 rushing touchdowns

Tandler: He scored six as the starter last year and doing the math that comes to 11 over 16 games. But last year there wasn’t a player like Perine, who could come into the game and vulture some touchdowns after Kelley did the work to get the ball in goal to go position. Under

Finlay: Sorry to keep going back to stats, but last year only seven running backs got to 10 TDs or more. Only seven! Hard to see Kelley getting there on a team that didn't run all that much, or all that well either, in 2016. Under

Samaje Perine, 500 rushing yards

Tandler: It tough to set a line for a guy who hasn’t played. I’ll go off Matt Jones’ 2015 rookie season when he gained 490 yards while sharing time with Alfred Morris. If Perine averages four yards per carry, which is not hard to do, he’ll need about eight carries per game to get to 500. It’s close but if Kelley is effective, as I believe he will be, Perine might not get enough carries to have a chance. Under

Finlay: Tandler's Matt Jones comp pretty much works for Perine, but Jones had explosive speed that Perine doesn't have. A better comp for me was Derrick Henry last year as a rookie with the Titans. DeMarco Murray was established as the top dog, and Henry worked for a productive 490 yards. Under

MORE REDSKINS: Offer to Cousins not nearly enough

Chris Thompson, 60 pass receptions

Tandler: His role is beyond just third down. If the Redskins are behind in the fourth quarter, Thompson is usually in there to try to help spark a rally. Along with TE Jordan Reed and WR Jamison Crowder, Thompson will benefit from Kirk Cousins’ familiarity with him. Over

Finlay: Thompson should be a strong contributor in 2017, but 60 catches is a lot for a running back. Only David Johnson (80) and Le'Veon Bell (75) went over that number in 2016, while James White had exactly 60 catches. Thompson grabbed 49 balls in 2016, an impressive total. I could actually see Thompson getting a bigger percentage increase in carries, he had 68 rushes last season with a very solid 5.2 YPC, than catches. Under

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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!

ROSTER BATTLES: Left guard | Tight end Nickel cornerback  | Inside linebacker | Running back

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#RedskinsTalk Podcast: Final refresh before 2017 season truly begins

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#RedskinsTalk Podcast: Final refresh before 2017 season truly begins

Rich Tandler and JP Finlay wrap up the Redskins offseason and prepare for what will be the most intriguing and the most overplayed storylines at training camp in Richmond.

<<<NFL POWER RANKINGS: WHO GOT BETTER AFTER THE DRAFT>>>

Want more Redskins? Click here to follow JP on Facebook and check out @JPFinlayCSN for live updates via Twitter! Click here for the #RedskinsTalk on Apple Podcasts, here for Google Play or press play below. Don't forget to subscribe!

ROSTER BATTLES: Left guard | Tight end Nickel cornerback  | Inside linebacker | Running back