Veteran cornerback DeAngelo Hall recently re-signed with the Washington Redskins, who had released him at the start of free agency. The loud-mouthed Hall found out first-hand how cold the market has been for cornerbacks, and decided to return to his former team for a reduced price.
“Reduced price,” however, is a massive understatement.
Heading into the 2013 season, Hall was scheduled to make $8 million on the year, including a $7.5 million base salary and a $500,000 workout bonus. The cap-strapped Redskins, though, were unwilling to pay that price for an aging cornerback on the tail-end of his NFL career.
With his new, one-year deal, Hall will be making a whopping $1.25 million in 2013, or $6.75 million less than he would have made with his previous contract. Talk about a huge chunk of change to miss out on. Now he knows what the majority of the 2013 free agent class feels like, though.
Hall’s new deal includes a $250,000 signing bonus, which is the only guaranteed money in the contract. The other $1 million is his base salary, while there is also another $1 million to be had by way of incentives. Considering that he failed to make the Pro Bowl this past season and is starting to show signs of age, it’s a complete mystery how many of those incentives will activate by season’s end.
The Redskins needed a more cap-friendly deal for Hall, and they got it. Now they head into the 2013 campaign with a tad more salary space to work with and extra depth at cornerback.