News

Redskins Add $3.2 Million In Cap Space

Redskins Add $3.2 Million In Cap Space

Photo: WINA

Rich Tandler CSNWashington.com, Best Seat Contributor  The Redskins released five players today and as a result they have about $3.3 million more in salary cap space than they did to start the day.

There are cap savings totaling almost $4.8 million with the releases of Carriker (savings of $2.99 million), Rocca ($1.2 million) and Quinn ($570,000). The cap savings consist of the player’s cap charge minus any dead cap from unallocated bonuses paid in the past. Carriker’s release added $3.5 million in dead cap while Rocca’s added $162,500. There is no dead money for Quinn’s contract.

But the Redskins do not have an additional $4.8 million to spend. That is because of the Rule of 51. During the offseason, only the team’s top 51 cap numbers count towards the team’s salary cap number. When a player is removed, whoever is 52nd-highest moves into the calculation. So when the three veterans were removed from the roster, they were replaced by three players who are making $495,000 each. Add that nearly $1.5 million back into the cap number and the Redskins end up with a net of $3.3 million more to spend.

Running backs Jawan Jamison and Davin Meggett were also released but neither was in the top 51 is salary so they were not involved in the calculations.

After today’s moves and the franchise tag handed to Brian Orakpo on Monday, the Redskins have about $21.9 million in salary cap space to work with. It’s certainly possible for them can create more with additional roster moves in the coming days.

Latest Stories

1 hour ago in National

Gas prices continue to drop

Fresh
gas

The average price of gasoline has dropped 8 cents over the past two weeks, to $1.82 a gallon.

2 hours ago in Entertainment

‘Star Wars’ breaks new record

Fresh
24-overlay-2

The sci-fi epic, directed by J.J. Abrams, previously became the highest-grossing release in North American film history, after recently passing the $760.5 million "Avatar" hauled in in 2009.

2 hours ago in Sports

Zika fears prompt Olympic concerns

zika

The United States Olympic Committee told U.S. sports federations that athletes and staff concerned for their health over the Zika virus should consider not going to the Rio 2016 Olympic Games in August.

2 hours ago in Entertainment

PewDiePie, others set to star in YouTube’s first original shows

youtube

YouTube's viral video stars, many of whom have a fan following in the millions, are set to appear in original movies and a show, as the video site attempts to attract users to its paid service.

2 hours ago in National, World

North Korean rocket puts object into space, angers neighbors, U.S.

22-overlay-3

North Korea launched a long-range rocket carrying what it called a satellite, drawing renewed international condemnation just weeks after it carried out a nuclear bomb test.