News

Redskins Add $3.2 Million In Cap Space

Redskins Add $3.2 Million In Cap Space

Photo: WINA

Rich Tandler CSNWashington.com, Best Seat Contributor  The Redskins released five players today and as a result they have about $3.3 million more in salary cap space than they did to start the day.

There are cap savings totaling almost $4.8 million with the releases of Carriker (savings of $2.99 million), Rocca ($1.2 million) and Quinn ($570,000). The cap savings consist of the player’s cap charge minus any dead cap from unallocated bonuses paid in the past. Carriker’s release added $3.5 million in dead cap while Rocca’s added $162,500. There is no dead money for Quinn’s contract.

But the Redskins do not have an additional $4.8 million to spend. That is because of the Rule of 51. During the offseason, only the team’s top 51 cap numbers count towards the team’s salary cap number. When a player is removed, whoever is 52nd-highest moves into the calculation. So when the three veterans were removed from the roster, they were replaced by three players who are making $495,000 each. Add that nearly $1.5 million back into the cap number and the Redskins end up with a net of $3.3 million more to spend.

Running backs Jawan Jamison and Davin Meggett were also released but neither was in the top 51 is salary so they were not involved in the calculations.

After today’s moves and the franchise tag handed to Brian Orakpo on Monday, the Redskins have about $21.9 million in salary cap space to work with. It’s certainly possible for them can create more with additional roster moves in the coming days.

Latest Stories

in Entertainment

Forget the politics, Sony calls ‘The Interview’ ‘desperately unfunny’

Fresh
interviewmovieposter

Leaked emails show some Sony execs thought the $44 million comedy would have been a "flop."

in Entertainment

Jennifer Aniston, Kevin Hart honored by ‘People’

Fresh
kevinhart

The first-ever awards show honored the year's best in entertainment.

in Entertainment, Trending, Viral Videos

TODAY’S MUST SEE: Colbert’s star-studded farewell to ‘Report’

Fresh
21-overlay4

Stephen Colbert bid farewell with the help of scores of celebrities in a rousing sendoff to the tune of "We'll Meet Again."

in Entertainment

Today in entertainment history: Dec. 19

dolly

A look back at some of Hollywood's most memorable headlines.

in Entertainment

Third ‘Night at the Museum’ marks final film for Williams, Rooney

nightatthemuseum

The credits for "Secret of the Tomb," which opens Friday, read "In loving memory of Mickey Rooney," and "For Robin Williams - the magic never ends."