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$50.5M man: 'Skins get Portis

Wire services
Published March 2, 2004

On a day other teams were figuring out ways to cut costs to get under the salary cap, the Redskins - as usual - were spending money.

The Redskins agreed Monday to a $50.5-million, eight-year deal with RB Clinton Portis, all but completing the trade that will send four-time Pro Bowl CB Champ Bailey and a second-round draft choice to Denver.

But that can't become official until Wednesday, the start of free-agent season.

Drew Rosenhaus, Portis' agent, confirmed the deal. The package includes $17-million in bonuses, making it one of the richest deals ever for a running back.

Bailey was still working on a contract with the Broncos, but the sides appeared close.

BEARS: QB Kordell Stewart was released, ending a one-year run. He lost his job to Rex Grossman.

BENGALS: Coach Marvin Lewis awarded the QB job to Carson Palmer, the No.1 pick in last year's draft. He will replace Jon Kitna, the comeback player of the year last season. "They like some of the things that Carson can do," Kitna said. "Hopefully it will work out for the best. We'll have to see."

BILLS: Eight-time Pro Bowl G Ruben Brown, who would have been due a $1.8-million roster bonus, was cut.

COWBOYS: A private workout was held to evaluate QB Drew Henson.

DOLPHINS: DE Jason Taylor agreed to a six-year, $45-million deal that cuts the team's salary-cap figure by $4-million, the Associated Press reported.

FALCONS: CB Ray Buchanan, an 11-year veteran, was released.

49ERS: A decision on QB Jeff Garcia's status was delayed until today. He is expected to be released unless his contract is restructured. "I believe Jeff will be a free agent," agent Steve Baker said.

JETS: LB Mo Lewis was released in a cap move as were both starting safeties from last season, Sam Garnes and Tyrone Carter.

PANTHERS: WR Steve Smith, who could have become a restricted free agent, was re-signed.

SEAHAWKS: Seven-time Pro Bowl DT John Randle said he will retire after playing 14 seasons.

STEELERS: RB Jerome Bettis, 32, agreed to a hefty pay cut. He will make $1-million, with $1-million in incentives.

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