Redskins Seek to Restructure Contracts for Salary Cap Space
The Redskins have begun contacting agents for several key players, attempting to create additional space under the 2007 salary cap, and reworked wide receiver James Thrash's deal last week, according to sources with knowledge of the situation who requested anonymity because some of the negotiations are in the early stages.
Thrash, 32, who has been a special teams player and a solid receiver in limited duty, was set to make $1.3 million in base salary in 2007, but some of that money was converted into a bonus, trimming about $380,000 of Washington's cap. He also received a two-year extension as part of the deal, the sources said.
Several more players will have to agree to lower their cap figures in order to make space to sign free agents as the Redskins seek to improve a 5-11 team. They have approached several key veterans already, sources said, and likely will speak with agents for quarterback Mark Brunell, cornerback Shawn Springs, tackle Jon Jansen, and defensive linemen Renaldo Wynn and Phillip Daniels, among others.
Teams must be under the cap, estimated at $109 million, in early March, which is when clubs are eligible to begin signing free agents from other teams.
-- Jason La Canfora