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Redskins guarantee Alex Smith a whopping $71 million in new contract

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Redskins guarantee Alex Smith a whopping $71 million in new contract

When the Redskins traded for Alex Smith on January 30, news also broke that he had agreed to a four-year extension with Washington in addition to the one year left on his contract with the Chiefs. While we got some top-line numbers on the deal, we have gone since then without any details.

Until now.

The details show a deal that has a slightly higher cap hit in 2018 than was on his original Chiefs contract and the numbers rise gradually over the life of the deal, which runs through 2022. The top line numbers are five years, $111 million, an average annual value of $22.2 million per year. 

MORE REDSKINS: NFL MOCK DRAFT 6.0

Smith got a $27 million signing bonus and his salaries for 2018 ($13 million) and 2019 ($15 million) also are fully guaranteed at signing making the total $55 million (information via Over the Cap, which got data from a report by Albert Breer).

But there is another $16 million that is guaranteed for all practical purposes. On the fifth day of the 2019 league year, his 2020 salary of $16 million becomes fully guaranteed. He almost assuredly will get to the point where that money will become guaranteed since the Redskins are not going to cut him after one year having invested $55 million in him. So the total guarantees come to $71 million.

His 2021 salary is $19 million and it goes up to $21 million in 2022. There have been reports of some incentives available to Smith, but since we have no details, we’ll set those aside for now.

The cap hits on the contract are as follows:

2018: $18.4 million
2019: $20.0 million
2020: $21.4 million
2021: $24.4 million
2022: $26.4 million

The Redskins can realistically move on from Smith after 2020. There would be net cap savings of $13 million in 2021 and $21 million in 2022.

The first impression of the deal is that the Redskins did not move on from Kirk Cousins because they didn’t want to guarantee a lot of money to a quarterback. The total practical guarantee of $71 million is second only to Cousins’ $82.5 million. It should be noted that Cousins’ deal runs for three years and Smith’s contract is for five.

RELATED: EARLY LOOK AT REDSKINS DEPTH CHART--OFFENSE

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

 

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O-line, D-line is the move for the Redskins at No. 13, according to Charles Davis

O-line, D-line is the move for the Redskins at No. 13, according to Charles Davis

We are nearing the start of the NFL Draft, less than three days to be exact, and right now there are a ton of names circling around whom the Washington Redskins should take at No. 13.

You’ve probably read countless mock drafts at this point (if you haven’t or need another here is ours), and there’s one thing that is consistent: nothing.

So let's concern ourselves less of ‘who’ and exactly what each player will bring to the Redskins.

There are very few evaluators of talent better than the NFL Network’s Charles Davis, so he got to talk with J.P. Finlay and Mitch Tischler on the latest edition of the Redskins Talk podcast.

LISTEN TO THE FULL PODCAST WITH CHARLES DAVIS HERE

He broke down EVERYONE that Washington could be taking at No. 13 overall. If you don’t have time to listen (which we highly recommend that you do), here are some of the highlights:

“This could be a wild first night,” said Davis. “All of these different trade scenarios are out there right? My experience has been that most of that calms down as we get closer. There’s a lot of discussion and chatter about it, but we don’t usually have it.”

REDSKINS NEEDS:

“At 13, when you’re really down to it, Mitch I think you had said to me even before we began ‘O-line, D-line man, let’s talk O-line, D-line,’ and I think that is the perfect place for this Washington team.”

VITA VEA, DT, WASHINGTON

“If Vita Vea from Washington somehow is sitting there at 13, and the idea that you could go up there and put him a line and get Jonathan Allen back from last year, I think that’d be a great place to go. This is a top-10, top-5 talent in this draft that possibly could still be around at 13.”

“When we’re talking about the people that are in our business, the talking heads that people kind of go to and kind of get held accountable for their mock drafts… you don’t really see Vea in any consistency in the top ten.”

“Eleven is kind of the breakpoint for him.”

MAURICE HURST, DT, MICHIGAN

“I like him. I don’t know that I like him quite that high.”

DA’RON PAYNE, DT, ALABAMA

“I like Payne, better than Hurst, but again I don’t know about quite that high.”

“The medical, you can’t help it when you’re talking about a heart. You can’t help but be a little bit concerned. Now he has gotten clearance, that has come through, but we all know that each team is going to do it’s own research and got to decide how comfortable they are with that.”

QUENTON NELSON, OL, NOTRE DAME

“I doubt he is falling to 13, because if somehow he falls to eight to the Bears and if the Bears don’t run up to the podium and plug him in, I’d be stunned.”

ORLANDO BROWN JR., OT, OKLAHOMA

“Normally when you have a combine and you have some things that you have some questions marks on, normally you have some balancers. Orlando Brown had zero balancers. Everything was historically bad.”

WILL HERNANDEZ, G, UTEP

“Now Will Hernandez has had about as good a postseason as an offensive lineman can have.”

“This kid Hernandez has become a massive road grater, quicker than you would think, better pass protector and he did all of this on an 0-12 team last year. So he is another guy to keep an eye on, especially if as you said they are able to move back.”

DERRIUS GUICE, RB, LSU

“I’d be surprised at 13.”

“Get back to 19 and then I think Guice is in play at 19. If that indeed is the runner that they like. I think the running back renaissance is real.”

JOHN KELLY, RB, TENNESSEE

“I think this John Kelly kid from Tennessee is a really good runner. He had a little trouble off-field last year, missed a game because of all that, but this kid runs hard, plays hard, he’s not Alvin Kamara… but this kid is more of a pure running back than Kamara is, he’s just not a bulky guy.”

TRADING BACK

“They’re in a tough spot because of the number. We’ve got all of this stuff now.”

“That’s a tough one, because if I’m Dallas and I want to come up and get my guy [Calvin Ridley], I don’t need to come up as high as 13 anyway, if you really think about it.”

BILLY PRICE, OL, Ohio State

“He’s a really good player. The kid played guard, he played center. Price is a really good technician. 44 a possibility? Possibility. Before the injury he was going late-first, early second.”

This is only scratching the surface of what the expert talked about. Get the full experience and listen to the full podcast.

MORE DRAFT COVERAGE:

- SEVEN ROUND REDSKINS MOCK DRAFT

- ODDS ON FIRST ROUND DRAFT PICKS

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Why the Redskins should be hoping Tremaine Edmunds falls in their lap

Why the Redskins should be hoping Tremaine Edmunds falls in their lap

NBC Sports Washington’s four-part digital series ‘E-Boyz’ -- chronicling the illustrious past, decorated present and bright future of the Edmunds family -- is NOW LIVE. Check out a new episode daily, leading up to the 2018 NFL Draft. Watch the first episode above and more here.

When the NFL Draft comes around, you'll hear fans and analysts often say, "If Player X makes it to pick No. __, then Team Y should sprint to the podium to pick him."

Well, this Thursday, if Player X is Tremaine Edmunds, the pick is No. 13 and Team Y is the Washington Redskins, the Burgundy and Gold should sprint to the podium only if there's no other option to get there quicker. 

While the 'Skins already have two talented linebackers in Zach Brown and Mason Foster on the roster already, taking the Virginia Tech teenager shouldn't be ruled out. Now, the only problem is that Edmunds has to slide that far in the 2018 draft; the majority of mocks have him going before that spot.

Edmunds is the type of do-it-all LB that is especially valuable in today's NFL. He has the athleticism and ability to fit on the inside or outside, and is just as comfortable rushing the passer as he is in coverage. You know that issue the Redskins have when it comes to covering tight ends, the one that's lasted for like a decade now? Edmunds would help erase it, along with a host of other problems.

"They don't come like him," one NFC scout told NFL.com about Edmunds. "I don't think there has ever been a linebacker that has had his size and speed."

Redskins fans, go outside and start searching for your four-leaf clovers now. Last year, the franchise got lucky and landed Jonathan Allen. This time around, they're going to need even more of it to secure Edmunds. 

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