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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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Redskins vs. Jets Preseason Week 2: Date, time, TV channel, live stream, how to watch

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Redskins vs. Jets Preseason Week 2: Date, time, TV channel, live stream, how to watch

After a fight-filled start to joint practices between the Redskins and Jets, the Skins' 2018 NFL preseason schedule continues Thursday night at Fed Ex Field against New York. 

Week 2 of the NFL preseason still doesn't provide a lot of answers to questions about team performance, but it begins to reveal the depth the Redskins could have this season.

One storyline that won't be taking place, is the return of former Redskin Terrelle Pryor, who told reporters after Monday's practice he won't be playing in the game.

The Redskins have bigger things to worry about though, like who will replace rookie Derrius Guice, who's now out for the year with a torn ACL.

The Redskins also have one less name in the fight for receiver depth as well, after Robert Davis suffered a season-ending leg injury as well. 

Ahead of Thursday's preseason matchup, here's everything you need to know to watch.

REDSKINS vs. JETS, PRESEASON WEEK 2

Who: Washington Redskins vs. New York Jets

What: Game 2 of the 2018 NFL Preseason

When: Thursday, Aug. 16, 2018, 8:00 p.m. ET

Where: Fed Ex Field, Landover, MD

TV Channel: ESPN

Live Stream: Watch ESPN

Radio: Redskins Radio Network

Point Spread: Washington, -3

Over/Under: 39.5

Weather: 90 degrees, partly cloudy

REDSKINS vs. PATRIOTS TV SCHEDULE:

5:00 PM: Redskins 100
5:30 PM: Redskins Nation
6:00 PM: Best of the Sports Junkies
7:00 PM: Redskins Kickoff Live

REDSKINS 2018 PRESEASON SCHEDULE

Week 1: Thurs., 8/9, vs. New England Patriots, 7:30 p.m. (L, 26-17)

Week 2: Thurs., 8/16, vs. New York Jets, 8:00 p.m. (ESPN)

Week 3: Fri., 8/24, vs. Denver Broncos, 7:30 p.m. 

Week 4: Thurs., 8/30, vs. Baltimore Ravens, 7:30 p.m. 

MORE REDSKINS NEWS

 

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There are quite a few things that are wrong with this Terrelle Pryor statement

There are quite a few things that are wrong with this Terrelle Pryor statement

After pulling off a tremendous half-spin move when DJ Swearinger got in his face at Richmond, Terrelle Pryor released a statement on Twitter about the confrontation.

The fact that he felt the need to release the statement in the first place was a strange decision. That strangeness is absolutely overshadowed by how weird the statement itself is, though.

First, let's read it. Then, when you're done reading it — and trying to figure out who thought this was the right thing to do (which may take you a few minutes, so don't rush) — let's go over what makes it so bizarre.

Here's the message, which came out Wednesday night:

Now, here's what stands out...

The hashtags

They get worse and worse as you read them.

#headturn? #FlinchNRunGang? #SillyGuy?

SILLY GUY?!?!?!?

It's one thing to try and laugh at yourself when something embarrassing happens to you. It's another thing to start the #FlinchNRunGang, which is a one-member gang and will forever remain a one-member gang.

The message

Getting into a scrap with DJ Swearinger seems like it'd be a putrid life decision, so while the way he did it will never be forgotten, it was in all likelihood a smart choice not to square up.

With that being said, claiming he didn't do so because he wanted to be a "positive role model for the kids who came to training camp to watch us" is as outlandish as it gets. After all, he said earlier in August that cheapshots by the 'Skins would be handled "accordingly," which isn't very role model-ish!

Pryor's three paragraphs make you cringe after the first reading. After the fourth, they'll make you want to deactivate your Twitter account so you don't have to read them again.

The irony

The overall message is odd, but the last part of it is so ironic it deserves its own subheading in this blog.

"I will continue to work hard and lead by example by not making it about me and keeping the focus on the Jets organization," Pryor writes.

Well, as everyone knows, the best way to end a storyline and direct the focus back onto your franchise is release a statement that literally no one asked for. (That was sarcastic.) (That's actually not the best way to end a storyline and direct the focus back onto your franchise.)

The battery level

You can see in the upper right corner of the wideout's Notes app that his phone nearly died before he plugged it into his charger.

That's a shame, really, because if it did hit zero-percent, maybe he would've had more time to ponder his situation and come to the conclusion that keeping this all in his drafts folder was the correct play. 

On the other hand, though, he wouldn't have become the first person in the history of the Internet to publicly use #FlinchNRunGang in hashtag-form, so at least he has that going for him.

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