Eric Schaffer works his magic with Collins contract
It’s not everyday that when a free agent signs the contract gets positive reviews. With Bruce Allen (yes #fireBruceAllen) bargain basement shopping to fill holes in the roster, the Redskins made a splash fans had been wanting.
Collins 6-year, $84 million contract with $44.5 million guaranteed at initial blush looks like a cap buster. However, if you start to dig deeper into the details, it was a win-win.
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According to Spotrac.com, Collins will only be a $4 million cap hit in 2019 with a majority of his cap presence coming in years 2 and 3 before the Redskins can take a minimal dead cap hit in 2022. With a team that has its back against the wall regarding their cap space, Eric Schaffer worked his magic to bring in a blue chip player.
The Redskins now have approximately $1.2 million in cap space to go after free agents. This does not include the cap money that is put aside for draft picks (that number is approximately $8.3 million). There is more work to be done as Zach Brown and Mason Foster being shopped and candidates to be cut. There are others that can be restructured, extended, and cut to make additional room, but all is quite on the Redskins Park front.
After this offseason there might be a new hashtag movement happening heading into Week 1 of 2019. #PromoteEricSchaffer.