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Monday Morning Financial Round Up

Monday Morning Financial Round Up

The Alex Smith Injury

The Redskins’ playoff hopes took a major hit when franchise QB Alex Smith suffered a gruesome leg injury against the surging Houston Texans. Smith is of course in year 1 of a 5 year, $111M contract in Washington. He’s earning $40M of that this year, and is locked in for $71M over the next three seasons - all of which is guaranteed for injury. The Redskins’ have a potential out after the 2020 season ($13.5M of dead cap). There’s no timetable for Smith’s return yet, but a full comeback for an injury of this stature to a 34-year-old will be a tough road.

The Redskins will turn to Colt McCoy from here out, and will certainly be auditioning QBs for the backup position, notably: EJ Manuel, Mark Sanchez, TJ Yates.

Related: Alex Smith’s Contract Breakdown


NBA Free Agency

As the NBA season rounds into form (though still just a blur until Christmas for many), the focus will soon shift to players with expiring contracts, or available opt-outs. Here’s a quick look at a few notable players at each position who are eyeing the open market next July.

Point Guards

Shooting Guards

Small Forwards

Power Forwards


Related: 2019 NBA Free Agents | 2019 NBA Options


Defensive Spending vs. Production

The Rams are spending $119M cash on their defense in 2018, second only to the Bears this season, but the return on investment hasn’t exactly been great. For the most part, LA is 9-1 because they can outscore the rest of the league, not shut them down. In fact, according to Football Outsiders, the Rams’ defense ranks somewhere around 20th in the league across a few of their advanced metrics, a figure that may continue to decline after a Monday night battle with the Chiefs this week.

The Saints, conversely, have spent a few years shedding a lot of expensive weight on the defensive side of the ball, investing high draft picks, cutting a few notable veterans, etc… The $67.5M cash they’re spending on their defense ranks 21st in the league.

For what it’s worth, the Baltimore Ravens are currently the “best-value” defense in football, including a payroll of just $65.3M (24th), but ranked 6th among FO figures currently.

Related: Defensive Cash Spending for NFL Teams in 2018


Trade Winds in Queens

With $92.5M already allocated to just 7 players on the 2019 roster thus far, the Mets and new GM Brodie Van Wagenen are staring down a complicated offseason, with minimal dollars to spend. All signs point to one major piece of the puzzle being shopped this winter, and while the grand prize for many teams would be NL Cy Young winner Jacob deGrom, it appears the more probable candidate could be Noah Syndergaard. Multiple teams have reportedly shown interest for the 26 year old flame thrower, who has 3 years of arbitration eligibility remaining before his big pay day is needed.

The Mets have already indicated that whomever is traded this offseason, the return they’re seeking is not a pool of prospects, rather MLB-ready players who can slot into this financial locked-in payroll, and push the Mets back up the NL East in 2019.