YOU ARE HERE:

Sports / Articles / Snyder and the Salary Cap
Snyder and the Salary Cap

Snyder and the Salary Cap

Washington Redskins owner Daniel Snyder celebrated the team's slew of high-priced free agent signings and acquisitions this morning at a meeting by high-fiving other team executive's at Redskins headquarters, but his buzz was tempered greatly when he was informed that NFL owners agreed to maintain a league-wide salary cap.

Share this story

"Wait, what? I thought the vote was against a salary cap, not for one," said Snyder, upon being informed of the new CBA terms. "Please tell me you're screwing with me. Please. Please say this is a joke. Come on, this isn't funny. Oh, God - it's not a joke? You're serious? Oh, no. We're screwed. Seriously, we're in deep problem. We've got to be a good $40 million over the cap for next season and it's all guaranteed money. This is not good. This is so not good. We're totally fked. I mean it."

Since free agency began last Saturday at midnight, the Redskins have signed Antwaan Randle El to a long term, multimillion dollar contract to be a third receiver, traded for receiver Brandon Lloyd, and signed safety Adam Archuleta and linebacker Andre Carter. This for a team that was already expected to be well over the 2006 salary cap. "I guess this is on me because I admittedly wasn't really paying attention all that much at the CBA meetings last week," said Snyder. "I just figured we were going towards an uncapped year, and while the owners were apparently negotiating and voting on stuff, I was just sitting at the table daydreaming about all the money I was going to spend on free agents with no salary cap to hold me back."

Snyder said he is going to speak with commissioner Paul Tagliabue to see if there is any way he can renege the contracts of Washington's new acquisitions. "I'm hoping he'll hear me out and realize that I made a big mistake and cut me some slack on this," said Snyder. "Trust me - I wouldn't have overpaid all these guys had I known there was still a salary cap. I'm not a total moron." In hopes of reigning in costs to somehow find a way to stay under the salary cap, Snyder has instructed all team representatives to cut off negotiations with free agents. "We had six-year, $60 million deals on the table to both Deion Sanders and Bruce Smith - I thought they could provide some veteran leadership to the team - but we're going to have to hold off on those until I find out what's going on," said Snyder.

To read more about this article, click here.
Tagged:

Share this story

Links of the Day

Sports links of the day

Crave Poll

Who is your favorite character in The Avengers?

Promotions