So, now that we've had to hold up the welcome party for Eddie Royal just a little bit, it appears that the Redskins made three major signings on the first day of free agency. Wide receivers Pierre Garcon and Josh Morgan will be new faces at Redskins Park when the 'Skins report for mini-camp, while Adam Carriker will be making a triumphant return to Ashburn after re-signing with the team.
Some details have come out about each of these contracts that we feel are worth passing on, especially in light of the recent cap penalty handed down by the NFL.
First, Carriker's deal, per Jason LaCanfora of NFL Network.
Carriker's full contract: $3M sign bonus, $700K base in 2012; he can void years '13-15 w/ a $1M buyback; base of $3.7M, $4.7M, $4.7M...— Jason La Canfora (@JasonLaCanfora) March 14, 2012
And here's Garcon's contract details from Rich Campbell of the Washington Times.
Pierre Garcon's 5-year, $42.5M deal pays out 65 percent in the first three years. The signing bonus is $11M, with $20.5M guaranteed.— Rich Campbell (@Rich_Campbell) March 13, 2012
And here's Morgan's per LaCanfora again.
Josh Morgan's deal w/WSH is $5.5M to sign, $1.8M base in 12 (fully guaranteed), $3.8M base in 2013, another $900K in bonuses #freeagency— Jason La Canfora (@JasonLaCanfora) March 14, 2012
So there you are. If you were wondering how the Redskins could manage to splash the cash around this time of all times, look no further than the Carriker and Morgan deals, which have minimal impact on the team's cap number this year. Chalk another one up for the cap management office.
Stay tuned to SB Nation D.C. 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. For all nuggets from around the league, be sure to visit SB Nation's NFL hub.