The Redskins have spent much of their available salary cap space since the start of free agency last week but they still have an adequate amount to work with and the ability to create some more if they need it.
Washington started a week ago with about $28 million in cap space. According to Over the Cap, the Redskins have about $11.73 million left to spend. That is slightly below the middle of the pack in terms of space available; 20 NFL teams have more space.
Although the Redskins can create more space if they need to, their options are limited. There are two players who are in the top third on the team in terms of cap space used who realistically could be cap casualties. Now that the team has signed cornerback Chris Culliver it would seem that Tracy Porter is now expendable. Releasing him would save $2.3 million against the cap. And even though they have not signed any offensive linemen yet, they should be able to find a replacement for guard Chris Chester either on the team or in the upcoming draft. Releasing him would save $4 million in cap space.
They also could create some more cap space by extending some current players to lower their cap hits. Team President Bruce Allen said on 106.7 The Fan last week that the Redskins wanted to work out contract extensions with left tackle Trent Williams and outside linebacker Ryan Kerrigan. Not only could they lock up two of their most important players through the prime seasons of their careers, they could decrease the cap hits of both Williams (currently $13.7 million) and Kerrigan ($7.03 million) if they choose to structure them that way.
The Redskins may need the additional space. They have a few more free agent needs to handle and they can’t run the account down to nothing. Most teams want to have about $5 million going into the season to pay practice squad players and to pay players who wind up on injured reserve. They also will need some cap space to pay their 2015 draft picks.
How much will they need for the draft? Check back here tomorrow for a post on that topic.