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Josh Norman's contract provides an expensive out for Redskins in 2018

The Washington Redskins signed Josh Norman to a five-year deal, but there’s also a chance it could end up being a two-year deal -- but with quite a cost. But Washington did structure the deal so Norman’s peak cap hit comes in a year where it already has a lot of available cap space.

Norman’s peak cap hit is $20 million in 2017 -- the Redskins had $58 million in available cap space before this deal. Of course, if Norman plays the way Washington hopes, money will not be a factor. He’s coming off a season in which he was one of the NFL’s best defensive players.

The Redskins still will need to sign a number of key possible free agents in the next year, including quarterback Kirk Cousins, linebacker Junior Galette, defensive end Chris Baker, tight end Jordan Reed and receivers DeSean Jackson and Pierre Garcon.

Norman’s true guarantee is $36.5 million -- if the Redskins pick up his option then it jumps to $50 million. And because of the cap hit if they cut him instead of picking up the guarantee, it would be tough for him not to reach that number.

Regardless, his average per year of $15 million makes him the highest-paid NFL corner.

Here’s a look at his five-year deal:

2016

Base salary: $5 million

Salary cap hit: $8 million

Note: His base salary is fully guaranteed.

2017

Base salary: $16.5 million

Salary cap hit: $20 million

Note: His base salary is fully guaranteed and he receives a roster bonus of $31,250 per game up to $500,000.

2018

Base salary: $13.5 million

Salary cap hit: $17 million

Note: His base salary is guaranteed for injury only at signing. It becomes fully guaranteed on the fifth day of the league year in 2018, which means the Redskins could cut him before then. However, if they do so, they would only save $8 million against the cap -- but the savings would jump to $14 million if designated post-June 1. He receives a roster bonus of $31,250 up to $500,000.

2019

Base salary: $11 million

Salary cap hit: $14.5 million

Note: If he’s cut, Norman would save $8.5 million but it would increase to $11.5 million after June 1. He also receives a roster bonus of $31,250 per game up to $500,000.

2020

Base salary: $12 million

Salary cap hit: $15.5 million

Note: If the Redskins want to cut him, they would save $12.5 million regardless of when it happens. Norman also receives the same pre-game roster bonus of $31,250 up to $500,000.