Here is my updated look at the Washington Redskins 2013 Salary Cap situation. All numbers are the players’ cap number and not just their salary. Numbers are primarily from Spotrac, though other media reports were used to cross check numbers. There are discrepancies depending on what source you use, but I wanted to use one source as consistently as possible to try to maintain a constant and not add extra variables. Spotrac is becoming more and more of an industry source, so while their numbers may not be perfect, they are about as close as you can get. I would caution that overall, you should factor in a $2-3 million + or – to the final number, but given that John Clayton reported the Redskins were $4 million over the cap, it seems to be fairly accurate.
In part one I look at how the cap stands now, based on the 40 players under contract who participated on the team last year and have a reasonable chance to have a shot for a roster spot this year. For other guys who are signed and not listed, they are by in large, league minimum guys, who likely won’t count to the Rule of 51 (only the 51 highest contracts are counted against the cap). I also projected cap hits of the incoming rookies, and the bare minimum it will take to field a roster. In part two, I take a look at the restricted free agents on a case-by-case basis and project what they might cost, and what that will mean to the cap. Part three looks at the Redskins current unrestricted free agents, and who might be back at what cost.
*Note the pick number in rounds 4-7 will change based compensation picks, but it should only have a minimal impact on these numbers
2nd round (Pick 51): $0.738
3rd round (Pick 85): $0.540
4th round (Pick 115): $0.513
5th round (Pick 146): $0.450
5th round (Pick 154): $0.441
6th round (Pick 180): $0.425
7th round (Pick 211): $0.418
*This would be the bare minimum the Redskins could spend to fill out their roster to the top 51 contracts. These minimum salaries would be the price of undrafted free agents who didn’t even get a bonus (which is rare).
*This is the total needed to be freed up in order to field the roster of the 40 players listed above, the seven draft picks and four rookie free agents. This is to give perspective of the Redskins cap situation before any cuts. Also, it shows where the Skins stand before one restricted free agent is tendered, unrestricted guy is re-signed or any other free agents are brought in. Tomorrow I will take a look at how the Redskins can free up money for all these things to occur, but just consider what poor shape they are in with regard to the Cap at this point.