Here is what you need to know on Wednesday, September 26, 12 days before the Washington Redskins visit the New Orleans Saints.
It’s an early bye week so it’s kind of early to be doing a look at the Redskins’ 2019 salary cap.
But the bye is where it is so let’s take a look at what’s going on in the land of prorated bonuses and dead money for next year.
All cap info is via Over The Cap.
The cap for next year is expected to be around $190 million, an increase of slightly over seven percent. This is consistent with cap growth over the last several years.
Using that number, the Redskins currently have $25.1 million in salary cap space for next year. That number may decline between now and the end of the year. It counts $10.4 million of rollover from this season. The amount they have to roll over could decline if the Redskins have to dip further into their 2018 cap money to sign more players to replace the ones on injured reserve. That can create a dent in the rollover amount.
If that doesn’t sound like a lot of money, it isn’t. There are 22 other teams who will have more cap space than Washington.
If the Redskins decide they need more cap room, there are a few routes they could take. One move that they are unlikely to make is to restructure contracts, pushing some cap money back into 2020 and beyond to create for immediate spending money. The organization has a history of avoiding doing this unless it becomes absolutely necessary.
The more conventional way of saving cap room is to release high-priced veterans. Before the season started there was a lot of talk about the possibility that Josh Norman could be a cap casualty after this season. The last of the guaranteed money on his contract was paid out this year and the Redskins could save $8.5 million in cap space if they let him go.
That talk was before the season started and now he is a key player in a defense that is playing well. There is a long way to go but the Redskins may want to hang on to Norman despite his $14.5 million cap number next year.
There are other veterans who could be released to save anywhere from under one million dollars to around $6 million. There will be plenty of time to talk about those players when the season ends, and we can better estimate the value of their performances was compared to their cap costs.
One other way they can create more cap space if by extending the contract of Brandon Scherff. He is due $12.5 million on his fifth-year option next year. All of that will hit the 2019 cap. If he and the Redskins agree to an extension that would keep him from becoming a free agent in 2020 they could structure it in such a way that it would create more cap space this year.
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Today: Bye week
Upcoming: Redskins @ Saints (October 8) 12 days; Panthers @ Redskins 18; Cowboys @ Redskins 25
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