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redskinsfan
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Does it mean that an extension for Kerrigan and/or Trent is imminent? This is the last year of both players' contracts. Kerrigan's cap number is $7M and Trent's is $13.73. That's more than $20M between both of them.
Some notable things about both of their contracts.
Trent's bloated number is mostly non-guaranteed money. He's got $10.25M in base salary and $2M roster bonus. The Redskins would be very, very wise to extend him before that roster bonus comes due by rolling that number and his base salary into a signing bonus over a four-to-five year deal. By doing this, the Redskins can clear something like $7M off of their cap by extending Trent.
Kerrigan's cap figure, on the other hand, consists entirely of a guaranteed base salary this year. Unlike Trent, who the Redskins can play cash-over-cap with, I'd balk if I were Kerrigan if McCloughan wanted to count my guaranteed money as part of another guaranteed signing bonus. Assuming this is correct, any extension you'd give Kerrigan would add to the Redskins cap number in 2015. Let's say they wanted to give him a $16M signing bonus over a four-year deal. That's $4M added to our cap this year alone. And he'd probably want some type of added (non-guaranteed) base salary as well.
In view of the need to extend both of these guys, this may explain why Chester and Porter are getting cut now. There, of course, may be other reasons for their departures; but, whatever the case may be, it's a good time to start closing deals for extensions of two of our franchise cornerstones. And the $6.3M in cap space cleared by cutting Chester and Porter is a potential sign that that may be coming soon.
Some notable things about both of their contracts.
Trent's bloated number is mostly non-guaranteed money. He's got $10.25M in base salary and $2M roster bonus. The Redskins would be very, very wise to extend him before that roster bonus comes due by rolling that number and his base salary into a signing bonus over a four-to-five year deal. By doing this, the Redskins can clear something like $7M off of their cap by extending Trent.
Kerrigan's cap figure, on the other hand, consists entirely of a guaranteed base salary this year. Unlike Trent, who the Redskins can play cash-over-cap with, I'd balk if I were Kerrigan if McCloughan wanted to count my guaranteed money as part of another guaranteed signing bonus. Assuming this is correct, any extension you'd give Kerrigan would add to the Redskins cap number in 2015. Let's say they wanted to give him a $16M signing bonus over a four-year deal. That's $4M added to our cap this year alone. And he'd probably want some type of added (non-guaranteed) base salary as well.
In view of the need to extend both of these guys, this may explain why Chester and Porter are getting cut now. There, of course, may be other reasons for their departures; but, whatever the case may be, it's a good time to start closing deals for extensions of two of our franchise cornerstones. And the $6.3M in cap space cleared by cutting Chester and Porter is a potential sign that that may be coming soon.
