Wow, Clinton Portis will sign an eight-year deal that is worth $50.5 million and includes $17 million in combined signing and option bonuses. What was Dan Snyder thinking? Given the average running back career of 2.7 years and Portis’ lack of negotiating leverage (two years left on his rookie contract for less than half a million per year), this is a great deal for Portis and his agents. We still need to see the structure of the deal, but I have to think that Washington is going to have a serious salary cap problem in a couple years.

Of course, now I’m waiting for the other shoe to drop. What will Bailey’s new contract look like?