Smith himself has expressed doubts as to whether he can physically hold up. So you know the team has serious doubts. Not sure what happens but if I had to guess they’ll keep all 3. I don’t know the financial implications of a release but I think that could also happen if they just don’t feel they can afford a roster spot on him. I don’t see them practice squad-ing him.
we can't release him
Releasing him results in a $30mil + hit this year and carrying over $10 mil dead cap next year. Now you might say "but we have the cash to eat that $30 mil right now" but that ultimately hurts us more to do it that way with the cap situation being what it will next year. It's likely going to drop to $175 million next year which is down $23 from this year. As of now the Washington Football Team has $26 mil in space that we can carry over ( I believe we can carry all of it but it might only be a portion...). In 2021 RIGHT NOW we have $152 mil on the books. We carry over $26mil paired with the lower cap number and we have $59mil in a season where it's VERY likely that a lot of teams are handcuffed and forced to make tough decisions that may offer us talent we normally would not be able to get. Now you also have to account for rookies next offseason and what that would cost, but the point is still valid. I also don't see Smith playing next year (i didn't see him coming back so take that for what it's worth) and if he retires, we're even better off.
Current Contract
Alex Smith signed a 4 year, $94,000,000 contract with the Washington Redskins, including a $27,000,000 signing bonus, $71,000,000 guaranteed, and an average annual salary of $23,500,000. In 2020, Smith will earn a base salary of $16,000,000, while carrying a cap hit of $21,400,000 and a dead cap value of $32,200,000.
CONTRACT TERMS:4 yr(s) / $94,000,000 | SIGNING BONUS$27,000,000 | AVERAGE SALARY$23,500,000 | GTD AT SIGN:$55,000,000 | TOTAL GTD:$71,000,000 | FREE AGENT:2023 / UFA |
| BONUS BREAKDOWN | CAP DETAILS | CASH DETAILS | | | | | |
---|
YEAR | | AGE | BASE SALARY | SIGNING | CAP HIT | DEAD CAP | YEARLY CASH | |
---|
2018 |
| 34 | $13,000,000 | $5,400,000 | $18,400,000 | $55,000,000 | $40,000,000($40,000,000) | |
2019 | | 35 | $15,000,000 | $5,400,000 | $20,400,000 | $42,000,000 | $15,000,000($55,000,000) | |
2020 | | 36 | $16,000,000 | $5,400,000 | $21,400,000 | $32,200,000 | $16,000,000($71,000,000) | |
POTENTIAL OUT: 2021, 3 YR, $71,000,000; $10,800,000 DEAD CAP |
| | | | | | | | |
2021 | | 37 | $19,000,000 | $5,400,000 | $24,400,000 | $10,800,000 | $19,000,000($90,000,000) | |
2022 | | 38 | $21,000,000 | $5,400,000 | $26,400,000 | $5,400,000 | $21,000,000($111,000,000) | |
2023 | | 39 | UFA | | | | | |