Pay Day Coming for Drafted Rookies

No deals have been done yet, but it won't be long before the Skins 2007 draft class start being signed. So let's have a look at the types of contracts that these young players will be getting and how they will affect the salary cap in 2007.

...and lets start from the bottom up using currently signed drafted rookies from other teams as a guide. For the purpose of this exercise I will assume that the rookies drafted in the lower rounds will get 3 year contracts.
 

TE Tyler Ecker (Michigan) – 7th round selection at #216 overall

3 year contract worth around $1.157m

  • Signing bonus of around $42,000
  • Minimum base salaries ($285,000, $370,000 and $460,000)
  • 2007 cap number around $299,000
  • When signed only prorated signing bonus for 2007 of $14,000 will initially count against the cap under the Rule of 51.

QB Jordan Palmer (UTEP) – 6th round selection at #205 overall

3 year contract worth around $1.172m

  • Signing bonus of around $57,000
  • Minimum base salaries ($285,000, $370,000 and $460,000)
  • 2007 cap number around $304,000
  • When signed only prorated signing bonus for 2007 of $19,000 will initially count against the cap under the Rule of 51.

LB H.B. Blades (Pittsburgh) – 6th round selection at #179 overall

3 year contract worth around $1.196m

  • Signing bonus of around $81,000
  • Minimum base salaries ($285,000, $370,000 and $460,000)
  • 2007 cap number around $312,000
  • When signed only prorated signing bonus for 2007 of $27,000 will initially count against the cap under the Rule of 51.

LB Dallas Sartz (USC) – 5th round selection at #143 overall

3 year contract worth around $1.346m

  • Signing bonus of around $231,000
  • Minimum base salaries ($285,000, $370,000 and $460,000)
  • 2007 cap number around $362,000
  • When signed only prorated signing bonus for 2007 of $77,000 will initially count against the cap under the Rule of 51.

The low round selections contracts are fairly easy to predict in the areas of term and makeup of the contract (base salaries and signing bonuses), and all four will only take up around $1.277m of the $3.433m rookie pool allocated to the Redskins.

LaRon Landry - the first round pick and 6th selection overall - is a little more of a guesstimate, although overall terms and contract value can be gleaned from looking at last years 5th and 6th picks (AJ Hawk and Vernon Davis). Here's my thoughts on a possible breakdown:
 

S LaRon Landry (LSU) – 1st round selection at #6 overall

Will be a 6 year contract, total value of contract probably worth around $31.500m

  • Signing bonus of around $7.5m.
  • Option bonus of around $7.5m due in 2008.
  • Other bonuses (roster bonuses, workout bonuses etc…) worth around $5.0m over the life of the contract including possibly a $500,000 roster bonus due before the season starts in 2007.
  • Base salaries valued initially at around $10.5m including minimum base salary in 2007 of $285,000.
  • Option bonus protected by guaranteed base salary escalators if the option is not exercised.
  • 2007 cap number around $2.035m
  • When signed will count against the cap as one of the top 51 salaried players under the Rule of 51.


Given that the signing of these drafted rookies will only eat into the available salary cap space by around $2.2m, it leaves the Redskins with plenty of room to not only sign TE Chris Cooley to a contract extension but also make one or two other moves before the start of the season if they deem it necessary.

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