Jansen restructures

Although nobody is calling him “The Rock” any more, the longest-tenured current Redskin will be staying around for while longer. Jon Jansen has agreed to restructure his contract. As most of us know, such a deal generally does not cost the player any money. A payment due to a player is reclassified from one category to another, creating cap space for the team. In this case, Jansen reduced his 2008 salary from almost $5 million to $730,000, the minimum salary for a player with Jansen’s tenure. The difference of about $4.25 million was converted into a signing bonus and the cap impact will be spread over the remaining four years of his deal. The net 2008 cap savings total about $3.2 million. The move leaves the Redskins just about $700,000 over the cap after accounting for the contracts of Mark Brunell and Rock Cartwright, both of which void at the start of free agency. Jansen missed all of the 2004 season with an Achilles injury and he went out for the 2007 season in the ... (link)