Ryan Clark signed a one-year contract worth $1 million. (Justin K. Aller/Getty Images)

The contract with the Washington Redskins that Ryan Clark signed on Wednesday is a one-year deal worth $1 million, a person with knowledge of the situation said.

The contract has a base salary of $855,000 and came with a $145,000 signing bonus. The cap hit for Clark’s contract is $1 million.

The Redskins, according to NFLPA records, had $6.3 million in cap space prior to the signings of Clark and wide receiver DeSean Jackson.

The cap hit for Jackson’s contract in 2014 will come out at $4.25 million. Subtracting that, plus Clark’s $1 million would leave the Redskins with roughly $1.05 million in cap space.

Washington on Thursday also signed quarterback Colt McCoy, but the terms of his deal weren’t immediately available.

The Redskins have a number of players who have sizable cap hits and could be possible candidates for restructuring to create more financial flexibility. They include nose tackle Barry Cofield ($7.67 million cap hit), defensive end Stephen Bowen ($7.02 million and coming off injury), guard Chris Chester ($4.3 million).

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The Post Sports Live crew discusses how DeSean Jackson could fit into the Redskins offense. (Post Sports Live/The Washington Post)