The Washington Post's Mike Jones broke the news:
Although Hall has been a big name in the NFL for several years, this move shouldn't come as any surprise.
Hall was scheduled to earn a $7.5 million base salary in 2013 and would have counted for $8 million against the cap for the Redskins. According to OvertheCap.com, cutting him doesn't hurt the Redskins in the least, as there is no dead money left on his deal.
Apparently, the Redskins wanted to keep Hall on the roster, but according to Jones, the team just couldn't handle the price tag.
Cost-cutting measures aside, Hall's contributions to Washington can only be described as disappointing. Per Pro Football Focus (subscription required), Hall allowed opposing quarterbacks to complete 67 percent of passes thrown his way, allowed a passer rating of 90.8 and gave up three touchdowns.
As a result, Hall was PFF's No. 70-ranked cornerback out of 113 qualified players.
At the age of 29, Hall may not be finished as a pro player, but he's no longer worth $8 million. He'll likely be picked up by another team at a significantly discounted rate during the free-agent signing period.
Josh Wilson will now take on a more significant role as the team's most veteran and most skilled cornerback. The Redskins will certainly need to address their secondary in free agency and the draft, as the team gave up more yards in 2013 than all but two teams.
Given the strength of Washington's front seven, this is a plight that must be remedied swiftly. Releasing Hall allows the Redskins to be more aggressive with this goal in mind.
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