The Washington Redskins front office was at work again. One of the better things they do. Capanomics.
The Redskins have extended the contract of WR Santana Moss three additional years, converting salary base money for this season and next season into bonuses, saving the Redskins precisely what they lost on the cap hit form releasing OT Jon Jansen.
The new deal adds three additional seasons beyond 2010, at base
salaries of $1.192 million in 2011, $1.4155 million in 2012, and $1.639
million in 2013. But we’re told that the three new years automatically
void at the end of the 2010 season.So why were the new years added? To allow the guaranteed payment to be spread over five years.
As a result, the total cap savings was $1.7477 million. And the Jansen cap charge was $1.726 million.
Give them credit where it is due. The redskisn front office is arguably one of the best and most masterful at the NFL salary cap management. They do it often, they do it well.
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