Friday, February 27, 2009

Haynesworth to the Redskins; Hall re-signs (updated)

After not making much of a move in free agency last year, Daniel Snyder has had no problem spending a ton of money on the first full day that teams can sign free agents.

According to ESPN and other sources, the Redskins have signed defensive tackle Albert Haynesworth to a seven-year, $100 million dollar deal, which includes $41 million in guaranteed money. The Redskins also re-signed cornerback DeAngelo Hall to a six-year, $54 million dollar deal with $24 million in guaranteed money. Haynesworth turns 27 in June, and Hall turned 25 in November; so maybe Snyder has learned that it isn't best to sign top players past their primes.

It's amazing that Snyder keeps getting the Redskins in position to sign high-priced players year after year with his salary cap maneuvering. But they're probably not done signing free agents, so I'll give a more detailed opinion/post when they're finished.


According to an article on, Haynesworth's deal is pretty interesting:

League sources told ESPN's Chris Mortensen that a $29 million "poison pill" in the fifth year of Haynesworth's contract effectively makes it a four-year deal worth $48 million. The Redskins would owe Haynesworth a lump sum of $29 million in salary and bonuses in 2013, the fifth year of the deal. It is unlikely the team will pay the full commitment of $100 million over seven years unless the contract is re-negotiated. Haynesworth will receive $41 million in guaranteed money.

There's not much of a chance that Snyder would pay Haynesworth $29 million for one season, so the deal appears a little better than at first glance. It's still a big cap number and a big risk, but the guaranteed money means nothing to Snyder anyway.

Just know that Haynesworth will not be making $100 million in Washington.

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