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Redskins offer looks decent on surface, but was not nearly enough to get Cousins deal done

Redskins offer looks decent on surface, but was not nearly enough to get Cousins deal done

The Redskins tried. Kinda. 

Team president Bruce Allen revealed terms of the Redskins' largest contract offer to Kirk Cousins on Monday, and while the team guaranteed $53 million, the quarterback turned it down.

"On May 2nd, right after the draft, we made Kirk an offer that included the highest fully guaranteed amount upon signing for a quarterback in NFL history ($53 million) and guaranteed a total of $72 million for injury. The deal would have made him at least the second highest-paid player by average per year in NFL history," Allen said. 

The figure — $53 million — seems staggering. In reality, however, the offer constituted the bare minimum of guaranteed cash that Cousins would even consider. 

MORE: BRUCE ALLEN GIVES FULL STATEMENT FOLLOWING THE DEADLINE

He’s due to make $24 million this year, fully guaranteed, on the franchise tag. In 2018, if the Redskins placed the lower-costing transition tag on Cousins, he would make $28 million, again fully guaranteed. 

That adds up to $52 million, or just one million less than the Redskins offer. 

Breaking down the numbers further (based on reports that the total offer was 5 years, $110 million extension after the 2017 season) means that Cousins would actually make less in 2019 and beyond than he's making now.

Using those figures, Cousins would make $24 million in 2017, $28 million in 2018, and then the salary drops to about $20 million for the remaining years of the deal. No chance Cousins is going backwards in salary as the cap will continue to rise over time.

Cousins and his representatives understand how close he is to free agency, and the opportunity to make loads and loads more in guaranteed money. To give up that potential would have taken a significant offer from the Redskins, and significantly more than $53 million guaranteed. 

It is telling that Cousins made no counter offers. 

It could be that the quarterback wants out of Washington. It could be that the quarterback wants to hit free agency. It could be both, and it could be neither.

Don't forget too that the Redskins might have been willing to go up in negotiations. The problem? Cousins never negotiated. 

Regardless, Cousins made clear he is comfortable playing on a one-year deal. The Redskins didn’t offer nearly enough for him to change his mind. 

RELATED: PANTHERS FANS BEG FOR JOSH NORMAN TO RETURN

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Need to Know: A look at the Redskins' key 2019 free agents

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USA Today Sports Images

Need to Know: A look at the Redskins' key 2019 free agents

Here is what you need to know on this Sunday, May 27, 16 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. 

Here is my sunrise view from this morning:

Looking at next year’s free agents

This post was originally published on March 18. 

There is still work that the Redskins can do in free agency and they still have some of their own players they want to retain. But with a lot of the player movement already in the books, we can take a look forward some of the key Redskin who currently are set to be free agents when the 2019 league year opens. 

QB Colt McCoy (Week 1 age 32)—Lots of questions here. Will the Redskins want to keep him around for another year as Alex Smith’s backup? Or will they want a younger and cheaper backup? Will McCoy want to move on rather than back up another QB who doesn’t miss many games?

OL Ty Nsekhe (32)—The Redskins gave him a second-round restricted free agent tender this year so it’s possible that he could be gone or on a long-term contract in Washington. If he is a free agent, his value and the difficulty of retaining him could depend on if he ends the season as a reserve tackle (easy) or as a starting guard (hard). 

OLB Preston Smith (25)—As we saw with Trent Murphy (three years, $21 million with up to $30 million), pass rushers get paid. Smith also makes big plays. Since Smith came into the NFL, he is the only player with at least 20 sacks, 3 interceptions, and 4 forced fumbles. If the Redskins can’t reach a deal on an extension with him this year the franchise tag is a distinct possibility. 

WR Jamison Crowder (25)—This year the supply of quality receivers both as free agents and in the draft sent contract prices skyrocketing. To guard against that happening next year, the Redskin should start talking to Crowder about an extension soon. 

ILB Zach Vigil (27)—As I noted here, Vigil went from being cut in September to a very valuable reserve in November. Both Zach Brown and Mason Foster will still be under contract, but the Redskin still should make an effort to retain Vigil for special teams and as a capable backup. 

Other Redskins who are slated to be UFA’s next year are DL Ziggy Hood and ILB Martrell Spaight. 

It’s also worth noting that WR Maurice Harris and DE Anthony Lanier will both be restricted free agents next year. Both positions were pricey in free agency this year, so both could require at least second-round tenders, which likely will increase to about $3 million in 2019. 

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

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Associated Press

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