NFL Releases Statement On Redskins And Cowboys Punishment

About three hours after word first came out that the NFL had taken away $36 million in cap space from the Washington Redskins and $10 million in cap space from the Dallas Cowboys, the league issued a statement on the matter, which has been reproduced in full:

The Management Council Executive Committee determined that the contract practices of a small number of clubs during the 2010 league year created an unacceptable risk to future competitive balance, particularly in light of the relatively modest salary cap growth projected for the new agreement's early years. To remedy these effects and preserve competitive balance throughout the league, the parties to the CBA agreed to adjustments to team salary for the 2012 and 2013 seasons. These agreed-upon adjustments were structured in a manner that will not affect the salary cap or player spending on a league-wide basis.

Stay tuned to SB Nation DC for more information on the 2012 NFL Free Agency period. For all your Redskins news and notes, be sure to follow SB Nation's Redskins blog Hogs Haven. And all nuggets from around the league, be sure to visit SB Nation's NFL hub.

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