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'Skins rework Cooley deal to save cap space
by FOXSports.com
Lonely on Valentine's Day?
FOXSports.com has learned Washington converted an $11 million roster bonus Cooley was scheduled to receive into guaranteed money. The move is believed to have lowered Cooley's 2008 cap number from a team-high $12.2 million to $4.4 million.
Other highly-paid Redskins are expected to accept restructured contracts as Washington works to get under the 2008 projected salary cap of $116 million by February 28. Reserve quarterback Mark Brunell ($6.5 million cap number) also is likely to get released.
The Redskins are currently $7 million over the cap, but that figure doesn't include calculations on contract clauses from 2007 like incentives that are still being finalized.
Washington has 15 players set to become unrestricted free agents highlighted by quarterback Todd Collins, who led Washington to a 3-1 record starting in place of the injured Jason Campbell.
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