The Redskins’ contract with wide receiver Paul Richardson is very team friendly in the first year but it increases over the years to the point where he needs to be a very productive receiver in order to justify staying on the roster.
The big picture of the deal is $40 million over five years. A total of $12.5 million is fully guaranteed at signing, which is comprised of a $10 million signing bonus, his $1.5 million 2018 salary, and $1 million of his $5 million 2019 salary.
More money will become guaranteed if Richardson is on the roster as of five days after the start of the league years in 2019 and 2020. The remaining $4 million of his 2019 salary and $3.5 million of his $6 million 2020 salary become guaranteed on those dates.
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Richardson will get salaries of $7.5 million in 2021 and 2022. Each year of the contract he can earn $500,000 in per-game roster bonuses ($31,250 for each game he is on the 46-man game day roster).
It all adds up to the following salary cap numbers:
2018: $4 million
2019: $7.5 million
2020: $8.5 million
2021: $10 million
2022: $10 million
The average annual value of the contract is $8 million, which is tied for 24th among NFL receivers.
The first window the Redskins have to terminate Richardson’s contract without taking a negative cap hit would be in 2020 as long as they do it prior to the fifth day of the league year when the partial salary guarantee kicks in. They would take a $6 million deal cap hit but they would save a net of $2.5 million.
The last two years, when the cap numbers are at their highest, the Redskins could easily move on, saving $6 million in cap space in 2021 and $8 million in 2022.