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Apparently we aren't overpaying our players enough

A gigantic hat tip to Bleeding Green Nation for tracking down this USA Today Salaries Database that is bursting full of interesting salary related information. Conventional wisdom tells us that the Redskins dramatically overpay for free agents again and again. And maybe there's some truth to that; I'd have to shove my head in the sand not to acknowledge overpayment (that even the team granted through later behavior) of, say, Adam Archuleta. But a lot of guys are overpaid. For instance, here's a list of the Top 25 Highest Paid Players of 2006. The following Redskins made the list:

Crickets.

But those brilliant capologists in New England have two guys on the list, at #1 (Richard Seymour; 24+M last year, over twice what any Redskin made) and Tom Brady at #6. The two of them combined for a cool 41M in '06. The Super Bowl Champion Colts have 3 guys on the list, though it may surprise you to know that Peyton Manning isn't one of them.

Skeptical Redskins fans might suggest that Washington might not have dramatically paid few individuals but rather overpaid everyone to a degree unmatched by other teams, despite our paucity in the Top 25. And you'd be partially correct, as we were better represented in Total Payroll, though we weren't league leaders. We chugged in at 6th, behind the Colts, Vikings, Cowboys, Bengals, and Ravens.

Median Income does the best job telling the familiar story, as we have an unusually high median salary ($904,730) which speaks to having large quantities of highly paid athletes, even if none sneak in to the top 25. But even here we aren't the most financially disparate as the Chargers surpass us with a $1,066,500 median salary.

I should note that those total salary numbers are not reflective of actual cap hits, as they consider signing bonuses as money made the year one actually receives it (and checks are cut immediately for signing bonuses) while, for cap purposes, those SBs are "paid" out on a prorated basis. And here are some facts that may interest only me. All conclusions below are based on cap values and not absolute salary figures. In 2006:

  1. Reuben Droughns cost more than Clinton Portis.
  2. Our highest cap value receiver was Santana Moss. At 36th.
  3. Adam John Hall (4th) cost the team $1,969,510 or over 200K dollars per FG made which, incidentally, was around twice as much as Shaun Suisham made over the entire year. At $102,941 cap hit in '06, Suisham's made field goals cost the team just over 11K a piece.
  4. The Panthers, Dolphins, Patriots, Eagles, Giants, Jets, Falcons, Colts, and Packers all paid multiple DEs more than we paid backup DE Renaldo Wynn last year.
  5. Two of our cornerbacks (Jerametrius Butler and Fred Smoot) made more in 2006 than Shawn Springs, but will make less than they did then, this year. David Macklin (who along with Butler is on a one-year contract) made more than Carlos Rogers last year, but will make less this year.

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Overpaid vs. Highlypaid
There's definitely a difference between being overpaid and highly paid.  Is Tom Brady overpaid?  Probably not when you consider all the championships he's won.  It's going to be a little tough to figure out how much someone is worth and by how much they're being over/underpaid.  But let's look at the teams as a whole.

Using the total payroll to determine what a team paid per win might help to show what teams are overpaying (well kind of sort of).

The Top 5 Teams That Paid The Most (In Millions)Per Regular Season Win List:

  1. $35.9  Oakland Raiders
  2. $33.7  Detroit Lions
  3. $22.3  Cleveland Browns
  4. $22.1  Washington Redskins
  5. $21.1  Arizona Cardinals
The Top 5 Teams That Paid The Least (In Millions) Per Regular Season Win List:
  1. $7.05  Chicago Bears
  2. $7.13  San Diego Chargers
  3. $8.54  Baltimore Ravens
  4. $8.61  New York Jets
  5. $8.76  New England Patriots
So you could consider your Washington Redskins as the 4th worst team in overpaying per win.  They paid a little over 3 times more than the Bears did per win.

But the main thing that I find interesting about the most frugal teams per win is that all 5 teams were in the top 7 in the NFL in fewest points against.  So it's conceivable that if you're going to spend the money it should be spent on defense.

So in short, fret not, the Redskins are indeed overpaying their players enough.  But the good news is you're not the worst.  Tampa Bay was the only team with less than 5 wins that spent less that the Redskins per win ($19.7).

by braekneck on Jul 6, 2007 6:36 PM EDT reply reply actions actions   0 recs

How many times...
John Hall...

Who the hell is this Adam Hall character you keep trying to sign?

by TexSkins on Jul 6, 2007 7:32 PM EDT reply reply actions actions   0 recs

I must have
some subtle psychological obsession with an "Adam Hall" as I refuse to correct our former kicker's name until my error is revealed by others. This has to be the 5th or 6th time I've done that, with absolutely no explanation from yours truly.

I do not know who Adam Hall is, but he affected me deeply, apparently.

by Skin Patrol on Jul 6, 2007 7:39 PM EDT to parent up reply reply actions actions   0 recs

Adam Hall
plays for the Minnesota Wild.  $

by Burgundy and Gold on Jul 7, 2007 10:25 AM EDT reply reply actions actions   0 recs

SP...
a closet hockey fan.

Who knew?

by TexSkins on Jul 7, 2007 12:16 PM EDT to parent up reply reply actions actions   0 recs

hockey
I'm very much an outed hockey fan.  Two of my last three front page articles have contained NHL references.  :)

by Burgundy and Gold on Jul 7, 2007 5:56 PM EDT to parent up reply reply actions actions   0 recs

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