Redskins unlikly to match Saints offer to FB johnson

pakowitz · 03-21-2004, 09:09 PM

The Redskins said at the start of free agency they would match any offer for their four restricted free agents, but vice president of football operations Vinny Cerrato didn't have much to say about the Saints' cap-unfriendly offer.

"No comment right now," Cerrato said. "We'll take our time with it."

According to several sources familiar with the offer sheet, New Orleans' pact is valued at about $4.3 million over four years and contains several clauses that could dissuade the Redskins from matching.......

For the rest of this article, click here:

http://washingtontimes.com/sports/20...4925-2126r.htm

iceshack149 · 03-22-2004, 12:45 AM

The Redskins said at the start of free agency they would match any offer for their four restricted free agents, but vice president of football operations Vinny Cerrato didn\'t have much to say about the Saints\' cap-unfriendly offer.

Great foresight ScottyRo.

I don\'t know what kind of player this guy is, but I think this is a well thought out move by Loomis. The Redskins have been mortgaging their world to bring in FA\'s in an attempt to win a superbowl. That ought to make them prime targets of this type of harassment...nice move

A linebacker in college, he evolved into a solid blocking fullback and terrific special teams player.

That\'s good to hear. Maybe we\'ve found our new line backer too!

rAge · 03-22-2004, 01:52 PM

$4.3m over 4 years? What the hell...

Danno · 03-22-2004, 02:34 PM

Ahhh, the advantage of having Loomis. The contract is filled with incentives, both attainable and unattainable. Either way the skins have to match the value of both. If I read the report right. It was a pretty shrewd move. If Wash matches they have to overpay for him. If they don\'t match we get him much cheaper than the face value of the contract and owe them zero compensation.

Looks like they kinda snookered ole Danny Boy. Maybe it\'ll pisss him off enough to offer Hodge a contract and try to STEAL him from us

, we refuse to match and get a 2nd or 3rd rounder or whatever for him. That would be just too sweet.

Now if we could only match a player personnel guy with Loomis\'s financial savvy we\'d have one hell of a GM.

turbo_dog · 03-22-2004, 09:42 PM

We had a hell of a GM. He got fired. Notice also how the drafts haven\'t been as productive as they were under Mueller.

WhoDat · 03-22-2004, 11:27 PM

\"A linebacker in college, he evolved into a solid blocking fullback and terrific special teams player. \"

Great to hear.

\"$4.3m over 4 years\"

Bad to hear.

Danno · 03-23-2004, 07:35 AM

\"A linebacker in college, he evolved into a solid blocking fullback and terrific special teams player. \"

Great to hear.

\"$4.3m over 4 years\"

Bad to hear.

Thats the \"face-value\" I wish I had copied the link that explained how Loomis inserted many incentives unlikely to be reached. It inflates the face value (4.3 mil over 4 years) but its true cost is a fraction of that. But Washington must match the \"face value\".
I\'ll try to dig up that little blurb, if I can beat Pak to it.

rusta · 03-23-2004, 08:38 AM

this is just stupid

we\'re gonna pay this guy a little over 4 mil for 4 years? isn\'t that what cleveland paid t-rex? a little over 4 mil for 4 years? isn\'t this guy the same age as t-rex? aren\'t both guys blocking FB\'s and not running/recieving threats?

SO WTF!!!!!!!!??????

t-rex has been in our system for years now, has a rapport with deuce and AB, t-rex is a proven blocking asset, this guy? who knows, spurrier\'s system sucked so it\'s hard to tell if the backfield in washington couldn\'t pick up blitzes because they suck or because the scheme sucked

either way i don\'t understand this, i was pissed when we let t-rex go and now i\'m even more pissed

Danno · 03-23-2004, 10:04 AM

this is just stupid

we\'re gonna pay this guy a little over 4 mil for 4 years? isn\'t that what cleveland paid t-rex? a little over 4 mil for 4 years? isn\'t this guy the same age as t-rex? aren\'t both guys blocking FB\'s and not running/recieving threats?

SO WTF!!!!!!!!??????

t-rex has been in our system for years now, has a rapport with deuce and AB, t-rex is a proven blocking asset, this guy? who knows, spurrier\'s system sucked so it\'s hard to tell if the backfield in washington couldn\'t pick up blitzes because they suck or because the scheme sucked

either way i don\'t understand this, i was pissed when we let t-rex go and now i\'m even more pissed

Rusta, did you read the post directly above yours?
We aren\'t paying him that much.

Here\'s a summary similar to the article I read...
http://washingtontimes.com/sports/20...4925-2126r.htm

ÃƒÂ¢Ã¢Â‚Â¬Ã‚Â¦Johnson, 26, brings no compensation because he was undrafted out of Boise State in 2000. A linebacker in college, he evolved into a solid blocking fullback and terrific special teams player. He could start at H-back in coach Joe Gibbs\' offense.
According to several sources familiar with the offer sheet, New Orleans\' pact is valued at about $4.3million over four years and contains several clauses that could dissuade the Redskins from matching.
The first element is an immediate $800,000 roster bonus with no signing bonus. Roster bonuses, unlike signing bonuses, are not prorated over the life of the contract, and this one serves to give Johnson a high first-year cap number.
That figure is further inflated by a second element: \"likely to be earned\" incentives that Johnson almost certainly will not earn. The incentives, based on a technicality in NFL player contracts, raise Johnson\'s first-year cap figure. Because he is virtually certain not to earn them, the Saints (or Redskins) would get a cap rebate for the incentives\' value in 2005.

So the face value of the contract Washington would have to match isn\'t what Johnson would actually end up costing us. Extremely shrewd move, its predatory free-agent targeting.

[Edited on 23/3/2004 by Danno]

rusta · 03-23-2004, 10:57 AM

i\'m still pissed :P

03-21-2004, 09:09 PM	#1
pakowitz The Dark Overlord Join Date: Oct 2002 Location: dirty south Posts: 3,450	Redskins unlikly to match Saints offer to FB johnson The Redskins said at the start of free agency they would match any offer for their four restricted free agents, but vice president of football operations Vinny Cerrato didn't have much to say about the Saints' cap-unfriendly offer. "No comment right now," Cerrato said. "We'll take our time with it." According to several sources familiar with the offer sheet, New Orleans' pact is valued at about $4.3 million over four years and contains several clauses that could dissuade the Redskins from matching....... For the rest of this article, click here: http://washingtontimes.com/sports/20...4925-2126r.htm

03-22-2004, 12:45 AM	#2
iceshack149 1000 Posts + Join Date: Mar 2003 Location: Fairbanks, AK Posts: 4,258 Blog Entries: 1	Redskins unlikly to match Saints offer to FB johnson The Redskins said at the start of free agency they would match any offer for their four restricted free agents, but vice president of football operations Vinny Cerrato didn\'t have much to say about the Saints\' cap-unfriendly offer. Great foresight ScottyRo. I don\'t know what kind of player this guy is, but I think this is a well thought out move by Loomis. The Redskins have been mortgaging their world to bring in FA\'s in an attempt to win a superbowl. That ought to make them prime targets of this type of harassment...nice move A linebacker in college, he evolved into a solid blocking fullback and terrific special teams player. That\'s good to hear. Maybe we\'ve found our new line backer too!

03-22-2004, 01:52 PM	#3
rAge 100th Post Join Date: Feb 2004 Posts: 320	Redskins unlikly to match Saints offer to FB johnson $4.3m over 4 years? What the hell...
rAge 100th Post Join Date: Feb 2004 Posts: 320

03-22-2004, 02:34 PM	#4
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,720	Redskins unlikly to match Saints offer to FB johnson Ahhh, the advantage of having Loomis. The contract is filled with incentives, both attainable and unattainable. Either way the skins have to match the value of both. If I read the report right. It was a pretty shrewd move. If Wash matches they have to overpay for him. If they don\'t match we get him much cheaper than the face value of the contract and owe them zero compensation. Looks like they kinda snookered ole Danny Boy. Maybe it\'ll pisss him off enough to offer Hodge a contract and try to STEAL him from us , we refuse to match and get a 2nd or 3rd rounder or whatever for him. That would be just too sweet. Now if we could only match a player personnel guy with Loomis\'s financial savvy we\'d have one hell of a GM.

03-22-2004, 09:42 PM	#5
turbo_dog 1000 Posts + Join Date: Mar 2004 Location: Atlanta Posts: 1,592	Redskins unlikly to match Saints offer to FB johnson We had a hell of a GM. He got fired. Notice also how the drafts haven\'t been as productive as they were under Mueller.

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03-22-2004, 11:27 PM	#6
WhoDat 5000 POSTS! + Join Date: Sep 2002 Posts: 5,631	Redskins unlikly to match Saints offer to FB johnson \"A linebacker in college, he evolved into a solid blocking fullback and terrific special teams player. \" Great to hear. \"$4.3m over 4 years\" Bad to hear.
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03-23-2004, 07:35 AM	#7
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,720	Redskins unlikly to match Saints offer to FB johnson \"A linebacker in college, he evolved into a solid blocking fullback and terrific special teams player. \" Great to hear. \"$4.3m over 4 years\" Bad to hear. Thats the \"face-value\" I wish I had copied the link that explained how Loomis inserted many incentives unlikely to be reached. It inflates the face value (4.3 mil over 4 years) but its true cost is a fraction of that. But Washington must match the \"face value\". I\'ll try to dig up that little blurb, if I can beat Pak to it.

03-23-2004, 08:38 AM	#8
rusta 100th Post Join Date: Apr 2003 Posts: 361	Redskins unlikly to match Saints offer to FB johnson this is just stupid we\'re gonna pay this guy a little over 4 mil for 4 years? isn\'t that what cleveland paid t-rex? a little over 4 mil for 4 years? isn\'t this guy the same age as t-rex? aren\'t both guys blocking FB\'s and not running/recieving threats? SO WTF!!!!!!!!?????? t-rex has been in our system for years now, has a rapport with deuce and AB, t-rex is a proven blocking asset, this guy? who knows, spurrier\'s system sucked so it\'s hard to tell if the backfield in washington couldn\'t pick up blitzes because they suck or because the scheme sucked either way i don\'t understand this, i was pissed when we let t-rex go and now i\'m even more pissed
rusta 100th Post Join Date: Apr 2003 Posts: 361

03-23-2004, 10:04 AM	#9
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,720	Redskins unlikly to match Saints offer to FB johnson this is just stupid we\'re gonna pay this guy a little over 4 mil for 4 years? isn\'t that what cleveland paid t-rex? a little over 4 mil for 4 years? isn\'t this guy the same age as t-rex? aren\'t both guys blocking FB\'s and not running/recieving threats? SO WTF!!!!!!!!?????? t-rex has been in our system for years now, has a rapport with deuce and AB, t-rex is a proven blocking asset, this guy? who knows, spurrier\'s system sucked so it\'s hard to tell if the backfield in washington couldn\'t pick up blitzes because they suck or because the scheme sucked either way i don\'t understand this, i was pissed when we let t-rex go and now i\'m even more pissed Rusta, did you read the post directly above yours? We aren\'t paying him that much. Here\'s a summary similar to the article I read... http://washingtontimes.com/sports/20...4925-2126r.htm ÃƒÂ¢Ã¢Â‚Â¬Ã‚Â¦Johnson, 26, brings no compensation because he was undrafted out of Boise State in 2000. A linebacker in college, he evolved into a solid blocking fullback and terrific special teams player. He could start at H-back in coach Joe Gibbs\' offense. According to several sources familiar with the offer sheet, New Orleans\' pact is valued at about $4.3million over four years and contains several clauses that could dissuade the Redskins from matching. The first element is an immediate $800,000 roster bonus with no signing bonus. Roster bonuses, unlike signing bonuses, are not prorated over the life of the contract, and this one serves to give Johnson a high first-year cap number. That figure is further inflated by a second element: \"likely to be earned\" incentives that Johnson almost certainly will not earn. The incentives, based on a technicality in NFL player contracts, raise Johnson\'s first-year cap figure. Because he is virtually certain not to earn them, the Saints (or Redskins) would get a cap rebate for the incentives\' value in 2005. So the face value of the contract Washington would have to match isn\'t what Johnson would actually end up costing us. Extremely shrewd move, its predatory free-agent targeting. [Edited on 23/3/2004 by Danno]

03-23-2004, 10:57 AM	#10
rusta 100th Post Join Date: Apr 2003 Posts: 361	Redskins unlikly to match Saints offer to FB johnson i\'m still pissed :P
rusta 100th Post Join Date: Apr 2003 Posts: 361