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Real numbers on Baker deal: 3 years, $9 million

Feb 28, 2014, 9:12 AM EST

Chris-Baker-2

After the Redskins announced that they had signed Chris Baker to a new contract, the numbers that came out seemed rather high for a role player who has the potential to develop into a solid starter. What we heard from various media reports was a three-year deal worth $12 million with $4 million guaranteed.

Those numbers were announced by Baker’s agents and when that happens it’s usually best to wait until we see the details of the contract before passing judgment on it. And this morning, thanks to John Keim of ESPN, we have those details. It’s not surprising that the deal is not nearly as generous to the player as it seemed to be at first glance.

In each of the three seasons of the deal, Baker has $1 million in incentives based on things like sack totals and Pro Bowl appearances that, according to Keim, he is unlikely to earn. So now where down to a three-year, $9 million deal where Baker will be able to make more if he performs at a very high level.

Since the incentives are unlikely to be earned they don’t count against the cap (if he does earn them some or all of money in a season will be charged to the following year’s cap). His cap number this year will be $2 million and it tops out at $4 million in the third year of the contract.

  1. kenlinkins - Feb 28, 2014 at 9:34 AM

    Rich, That sounds more like it, but could you explain what “Voiding” a contract is. I see that Morgan, Merriweather and Fletcher’s contract were VOIDED and it cost us Dead money on the Cap. If a player retires how can it count as dead money and is VOIDING and being CUT the same thing? (as these 3 players hit diff areas, Morgan cost to much, Merriweather not sure he fits, Fletcher retires). Thanks.

    • Rich Tandler - Feb 28, 2014 at 9:40 AM

      Voidable years are an accounting trick to spread out a signing bonus over more seasons. These numbers aren’t exact but they wanted to sign London to a two-year deal but with the cap penalty they wanted to lower the first-year hit. So they have him a $5 million SB, which would normally cost $2.5 million/year under a two-year deal. So they added three years to the deal that automatically voided when, say, London played in two games. That put the bonus proration at $1 million/year, lowering the cap hit of the deal during the penalty phase. But the rest of the money got charged when the deal voided.

      > >

      • alextwrs - Feb 28, 2014 at 9:46 AM

        This deal just keeps getting better. Rich can you do taxes as well, sounds like you know what your doing with money, way over my head.

      • kenlinkins - Feb 28, 2014 at 11:46 AM

        Thanks, after reading your web site it is clear to me that many contracts are like a game of “Chicken” with Roster Bonus, Work Out bonus, Violable years, Non guaranteed money, Signing bonus and the always popular last year of contract at $75 million non guaranteed money known as the “you aren’t playing here this year” clause! I wonder why they set them up this way.

  2. alextwrs - Feb 28, 2014 at 9:49 AM

    Off topic but, any word on Phillip Thomas and Hankersons health status, and what are the plans for Carriker. Anything will help I’m sure they are tight lipped about it. Any article about general health of the team or whether Merriweather can last an entire season without suspension if not hes gotta go.

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