The news just keeps getting worse for DeAngelo Hall.
Yesterday, we had Adam Schefter, who is usually very familiar with the thinking of Mike Shanahan, on ESPN saying that Hall could well be a salary cap casualty. The Redskins are $3 million over the cap and releasing Hall would save the team $8 million.
It does appear that Hall is willing to take a pay cut to stay in Washington but he and the Redskins have yet to come to an agreement on how much Hall would be paid. But Hall’s market value is plummeting by the hour.
Earlier today the Panthers cut cornerback Chris Gamble, who will be 30 on Monday. This afternoon, the Jaguars cut Aaron Ross, the former Giants corner who will be 30 in September.
This is on the heels of the Giants agreeing with Corey Webster to reduce the 31-year-old cornerback’s pay from $7.25 million to $4 million.
Hall will be 30 in November. The thirty-ish cornerback market is getting flooded. He is now watching as the laws of supply and demand work against him. If the Redskins give him a take it or leave it offer and he leaves it, he could find himself taking a long time to find a gig for next September and he could be working for a lot less than the Redskins were willing to pay him.
The Redskins will be confident that they can find a replacement due to the preponderance of cornerbacks out there. They probably would rather keep Hall but they can’t pay him too much.
Hall signed a six-year, $55 million contract with the Redskins in a seller’s market in 2009. He’s now facing a classic buyer’s market as he gets near the end of it (the deal has one more year to go).
Update: The Washington Post is reporting that it is "highly likely" that the Redskins will release Hall.