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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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Hypothetical first-round trade could be a good one for the Redskins

Hypothetical first-round trade could be a good one for the Redskins

On Monday, Redskins college scouting director Scott Campbell publically sent out the message that the Redskins are open for business when it comes to making a trade in the upcoming draft. Peter King of the MMQB.com put one into his mock draft that just might catch the Redskins’ interest if it is proposed when the draft starts on Thursday.

The deal has the Redskins swapping first-round picks with the Texans. Houston needs a quarterback and they won’t get one they want with pick No. 25. So they send that pick plus their second-round pick, No. 57 overall, to the Redskins for pick No. 17. With that pick the Texans take Deshaun Watson of Clemson. At No. 25, Washington selects ILB Jarrad Davis of Florida.

There is a lot to consider when trading back in the first round, the most important of which is the players on the board when you trade back. If you bypass the chance to get a game-changing talent who fits your system to add a pick later in the draft you could end up regretting it.

RELATED: NFL Mock Draft Version 10.0

In King’s mock draft, these players who have been connected to the Redskins during the draft process are off the board—RB Christian McCaffrey, LB Haason Reddick, OLB Dered Barnett, LB Reuben Foster, DL Jonathan Allen, and OLB Takkarist McKinley. The next four players off the board after the Texans take Watson are two offensive tackles, a tight end, and a wide receiver. None of those would fill a major need for the Redskins. A trade back seems to be a reasonably safe move.

The other factor to evaluate is the value of the deal and that works out well for the Redskins if you look at the traditional trade chart. The 17th pick is worth 950 points. The point values for picks 25 and 57 add up to 1,050. The 100-point difference is about a pick in the middle of the fourth round. The Texans may ask for a later pick back in return and the Redskins could gauge how desperate Bill O’Brien is to get his quarterback of the future in the building.

Davis, who ends up with the Redskins in this scenario, is an interesting prospect. His athleticism and high motor fit those of a high first-round pick. But he missed time in his last three seasons with the Gators due to injuries, including problems with both ankles last year. There is some buzz that the Redskins are considering Davis with the 17th pick so to could get him at No. 25 and pick up a second-round pick in the process would be quite a coup.

MORE REDSKINS: Redskins mock 2.0 goes offense early, defense often 

In an interesting side note, King reported that the Redskins are “divided” on Florida State running back Dalvin Cook. He unquestionably has talent but he has three arrests in his past and a high fumble rate. No. 25 might be a better spot to take a chance on Cook than No. 17. King also mentions Missouri edge player Charles Harris as a possibility at No. 25 as well.

Among the players the Redskins may be able to add with that additional second-round pick are Michigan DL Chris Wormley, G Dan Freeney of Indiana, CB Cordrea Tankersley, and CB/S Desmond King of Iowa.

This is all a hypothetical scenario. King is not reporting that such a deal is in the works. But it does make sense for both the Redskins and the Texans and it would not be surprising to see something like this deal unfold on Thursday night.

Stay up to date on the Redskins! Rich Tandler covers the team 365 days a year. Like his Facebook page Facebook.com/TandlerCSN and follow him on Twitter @Rich_TandlerCSN.

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Need to Know: With 10 draft picks, the Redskins are ready to deal

Need to Know: With 10 draft picks, the Redskins are ready to deal

Here is what you need to know on this Tuesday, April 24, two days before the April 27 NFL draft.

Timeline

Days until:

—Redskins rookie camp (5/12) 17
—Redskins OTAs start (5/24) 29
—Training camp starts (7/27) 93
—Redskins opener vs. Eagles (9/10) 138

Let’s make a deal

Even though the Redskins have 10 picks going into the draft, Scott Campbell, the team’s college scouting director, said that they will still be open to making deals to add more.

Washington has one pick in each of the seven rounds plus additional selections in the fourth, sixth, and seventh rounds. Campbell said that the team will be happy to add picks if the right deal is on the table. He is not concerned about having too large a draft class competing for a limited number of competitive roster spots.

“Yeah, I don’t know if you can have ‘too many guys,’” said Campbell. “I think the main thing to get better is you want to add competition to the team and anywhere you can add competition, even positions where you think you may be set depth-wise, you know, add more competition. Get the best players in here and I think it pushes each other and makes everybody better.”

It’s a matter of improving the odds of finding players who can help them.

“It’s not an exact science, Campbell said of the draft. “You’re not going to hit on all the guys. You’d like to think you can, but I mean that’s not reality, no one’s ever done that. Just increasing the odds of adding the more players, the more guys that can help us, that’s great.”

Campbell specifically mentioned the team’s two fourth-round picks, which are the 115th and 123rd overall selections, as possible capital to move up or as bait to trade back and get more picks.

What could they do with those picks? If they make a deal that goes by the draft value trade chart, they could trade their second-round pick (17th in the round, 49th overall) and the higher of the two fourth-rounders for the 11th pick in the second (42 overall). If they see a player they like in the third, that same fourth round pick would move them up to from the 81st overall pick (17th in the round) to the 68th overall pick (4th pick of the round).

The return for moving back in the fourth round is not very high. You’re looking at a fifth-round pick in return for moving all the way back from 115th overall to the end of the fourth round. That’s OK if you’re in a range where there just aren’t any players you like but you are very unlikely to get a game-changer in the fifth.  

With 10 picks it would be surprising if the Redskins just used all 10 of them without making any moves. It’s just a matter of if there will be a blockbuster deal involving their first pick or if there are more minor deals on Saturday afternoon.

Stay up to date on the Redskins. Rich Tandler covers the team 365 days a year. Like his Facebook page Facebook.com/TandlerCSN and follow him on Twitter @Rich_TandlerCSN.

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