The Redskins are signing former Giants safety Landon Collins to a six-year, $84 million contract, the details first reported by Ian Rapoport of NFL Media.
Collins recorded 96 total tackles and forced one fumble in an injury-shortened 2018, in which he started 12 games, missing the last four with a partially torn rotator cuff.
"He only counts $4 million towards the cap this year," Hoffman said. "Landon Collins signed a $15 million signing bonus ... his base salary in 2019 is $1 million. And so everybody understands how this works: a signing bonus is then prorated over basically the length of the contract — because Collins' last year is an option, it gets a little bit funny here — but Collins' $15 million signing bonus will be prorated over five years."
"They can still create other room if they need to go after someone big if they would like, or try to spread it around amongst multiple players. And then as the cap goes up year over year, and certainly in two years it's gonna be over $200 million — it's $188 (million) right now — the $12.5 million base number and the $16. whatever he'll count towards the cap once you add in all of the bonus money that's prorated, it's not gonna be that bad percentage-wise."
"I think this is a brilliant deal to get everybody what they want," Hoffman told the Junkies. "It gets the Redskins a manageable number, it gets the player they want, the player gets paid and by the way, after three years they can get out of this deal really easily. It's $6 million, so they could either straight-up cut him and have $6 million in dead cap, or they could designate him as a post-June 1 cut and have $3 million for two years in dead cap money. That is more than manageable."