The Jansen Contract
Hey there, about to go to bed but after talking to Jon and doing some calls today, figured I'd pass on a bit of info.
Bascially, the Skins will end up cutting Jansen's cap figure from what would have been around $5.4 million to about $1.7, but at a steep price. He had two years left on his deal and as it stands they could very well be re-doing this deal again two years from now given Jon's age and the money associated with the contract.
Instead of making $4.25 in base salary in 2007 - all of which counts against the cap - Jon will make the vet. min of around $720,000 in base salary, but he will get $5 million to sign. So for him, isntead of making $4.25 this season, he's getting $5.7, plus, next March he gets a $5 million option bonus. So that's essentially $10.7 mill guaranteed on this 5 year, $22 million deal.
It makes complete sense for Jon to do this deal. For the Skins, I think it is much riskier. He is 31 and has been hurt a lot the last two years. He's a rock and plays through a ton of stuff, and never missed a game in his career before the Achille's tear in 2004, but still, he's getting up there for a guy in the trenches.
The Skins had to create cap room - again - and essentially bank on restructuring 4-10 deals every offseason. It's a strategy that has not worked to this point. But, according to sources, they made a lot of promises to Jon last year when they convinved him to alter his contract, and assured him he would be rewarded for his time here - he is the longest tenured Skin - in the 07 offseason if he played ball with them in 06. To their credit, they were true to their word, something several players have questioned on their way out of Ashburn in recent years.
Also, the Skins are trying to make a point of tying up key guys after letting "core Redskins" leave in recent years. In reality, however, their last contract with Jansen assured a new deal would be needed by 07 or 08. The way their build their cap, they can''t afford to carry too many players with high base salaries in any one season, and in 2007 the numbers get steep on a bunch of guys (Brunell, Portis, Springs, Griff, Marcus, Wynn, Daniels), so reworking deals was imperative.
Snyder is willing to continually front load deals with new bonuses in order to get various cap numbers lower, and that's a noble gesture, but it's also indicative of a team philosophy that lacks much long-term - or mid-term, vision, because they are always trying to buy their way out of one problem or another. And, to this point, it has precluded acquiring sufficient depth, which can loom large.
In the short term, it helps them get under the cap and begins to free up some space to get Dockery re-signed. Other players will look at this deal and likely expect the same treatment, however. It will be very interesting to watch Springs and Brunell in particular. Both of those restructuring efforts could be tricky.
Okay, back to my regularly scheduled family duty.
Jason La Canfora
February 6, 2007; 11:03 PM ET
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