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Need to Know: A closer look at Alex Smith's contract with the Redskins

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Need to Know: A closer look at Alex Smith's contract with the Redskins

Here is what you need to know on this Saturday, May 26, 17 days before the Washington Redskins start minicamp.  

Note: I am vacationing in the Outer Banks this week. In this space, I’ll be presenting some of the most popular posts of the last few months. I hope you enjoy these “best of” presentations and I’ll see you folks when I get back. 

Contract makes Alex Smith a Redskins for at least three seasons

This post was originally published on March 19. 

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. 

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 I 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. 

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

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Not everyone thinks the Redskins need to invest more at wide receiver

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Not everyone thinks the Redskins need to invest more at wide receiver

While the rumors about the Redskins potentially trading for Marvin Jones from over the weekend were total nonsense, a reason they resonated so much with fans is because many believe Washington needs major help at wide receiver.

But during a segment of Monday's Redskins 100 show, analyst Trevor Matich assessed the position group and actually thinks that, as a whole, the team should be relatively pleased with the talent it has outside.

"I like it better than I have in recent years, especially if Paul Richardson stays healthy," Matich said.

His "especially" qualifier is a common one, and that's because Richardson is the most established wideout currently on the roster — and he still has just 1,564 career receiving yards to his name. However, a healthy Richardson (which the 'Skins never really saw in his first year, considering he got injured early in training camp and was never the same) provides Jay Gruden the field stretcher he loves to have.

Richardson isn't the only player Matich is anxious to see, though.

"Terry McLaurin, their draft choice from Ohio State, is legitimately a 4.3 guy," he said. "He gets deep down the field and catches the ball in space."

One of the biggest issues for the 2018 Redskins was a lack of speed at every single spot. In Richardson and McLaurin, the Burgundy and Gold now have a pair of pass catchers who can fly past corners, do damage 30-plus yards down the sideline and open things up for other targets as well.

Overall, in reacting to the Jones storyline, Matich really doesn't see a huge need for the organization to make any additions to that collection of pieces. 

"I think that when you take a look at all the other guys, Trey Quinn in the slot, things like that, this receiving corps is fine," he said. "It's not desperate. They don't need to invest resources to bring extra people in."

Now, is "fine" and "not desperate" the level the front office and coaches want their receivers to be? Of course not. But Matich's stance is intriguing, because he's content with who'll be lining up there while plenty of others absolutely don't see it that way and feel a trade would be prudent.

If you're in that second group, recent history indicates this is the dead zone for NFL deals. So try not to waste your time refreshing Twitter over and over and over.

Perhaps Washington gets to Richmond and, after a few weeks of practices and a couple of exhibition contests, realizes their depth chart could use another name. Or maybe an injury happens and forces their hand. But according to Matich, as of now, the offense can function with the parts it has in place.

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Urban Meyer predicts former QB Dwayne Haskins is 'going to be great'

Urban Meyer predicts former QB Dwayne Haskins is 'going to be great'

There's a reason the Redskins invested their No. 15 overall pick in the 2019 NFL Draft in quarterback Dwayne Haskins: They expect him to be their franchise quarterback of the future.

His former Ohio State head coach Urban Meyer also believes Haskins has all the tools to succeed in the NFL.

Appearing on the Bow Tie Chronicles Podcast, Meyer praised Haskins, calling him the "most accurate passer I've ever had."

Haskins' numbers from his lone season as the starter at Ohio State support Meyer's claim. He completed 70.0 percent of his passes, which was best in the Big Ten this past season. He shattered the Big Ten record for most passing yards in a season, throwing for 4,831 yards, more than 1,000 yards more than the previous record holder. Additionally, Haskins broke Drew Brees' Big Ten record for most passing touchdowns in a single-season, as Haskins tossed 50 in 2018, compared to Brees' 39.

Although he only had one season as the Buckeyes starter, it is not unreasonable to say that Haskins is the best passing quarterback in Ohio State history.  

So, it makes sense that Meyer had only positive things to say about Haskins.

"He's going to be great," Meyer said on the podcast. "He’s very intelligent. His only issue is that he played just one year. Every other thing, he’s got it."

The Redskins begin training camp on July 25th, and Haskins will be in an open competition with Case Keenum for the starting quarterback position.

NBC Sports Washington's J.P. Finlay noted that during minicamp, Keenum did look like the better option at times. But that does not necessarily mean that Keenum will be the Week 1 starter. Head coach Jay Gruden already announced that Haskins will have the chance to win the job.

There's no secret that Haskins will be the Redskins starting quarterback very soon. It's a matter of when he becomes the starting QB, not if. How quickly that happens is up to Haskins and his progression.

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