by: Chris Sullivan
Mike Sando has an excellent piece in his NFC West blog on Cory Redding's reworked salary with the Hawks and what it might mean for the team. Basically, rather than reworking Redding to a long term deal, we gave him a $2 million salary in 2009. Period. He will be an unrestricted free agent in 2010.
This seems to me like a genius plan -- Redding has all sorts of added incentives to prove himself before going back into free agency in 2010 and, if he doesn't work out, we've lost virtually nothing (1/63rd of the salary cap). No reason to rephrase Sando, he nails it right here:
The new contract would seem to value Redding as part of the defensive line rotation, but not necessarily as a cornerstone of the line. In effect, Redding sacrified $1.55 million in 2009 compensation, plus whatever future salaries he might have earned, for the right to become an unrestricted free agent after one year... If nothing else, we now know how much the Seahawks valued Peterson and how much they value Redding -- not as much as one might have thought.