Try as I might, I just can't understand some of the 'mentalities' expressed here, i'll glance over a few...
1) How do you even compare 'blockbuster offseason free agent signings' like Bruce Smith, Jeff George, etc - to picking up an unemployed running back at what appears to be, at league minimum?
The first group affects your cap for years, the latter can be cut without it really costing you a dime.
2) We DON'T know what the terms of the contract were, but it WAS reported the day before that the Skins would OFFER a vet min contract - so chances are, that's close to what we offered. We didn't have enough cap space to offer anything but something close to vet min, so it had to be on the cheap regardless.
3) If it WAS at league min, I just can't see ANY scenario by which this is a bad move. And please keep in mind that on a personal level, I really don't like Alexander much - he's related to Tiki Barber and that's a big enough 'strike' for me.
But when you can get a former MVP to sign for what might equate to 450,000 per year cap - you do it!
5) I know nobody wants to hear it but maybe the reason Alexander was unemployed was because he wanted MORE than league minimum. Perhaps it was the circumstance of re-uniting with a coach that knows him AND having been unemployed for 7 weeks that made him change his mind. Maybe he NEVER agreed to play for league min until the Skins made the offer.
6) You just can't even compare this to the Duckett deal - there were no DRAFT SELECTIONS given up to get Alexander. GETTING Duckett wasn't a mistake - getting him by giving up a draft pick was the mistake.
7) Some rookie RB (on the PS of another team) does not have more 'upside' than Shaun Alexander. To make that leap of faith, then you have to also be making the leap that Alexander is done. Now - I'm not judging it one way or another - but being a former league MVP that has lost his form does not make someone devoid of upside. This magical 'upside' term refers to basically what the player COULD be, and Alexander COULD be MVP if he returned to form. Not saying it will happen or even putting a vote of confidence in it, I'm just saying that upside ranks potential, and I think a guy four years removed from MVP has some possible upside too.
To me, it always boils down to the WORST CASE scenario vs. the BEST CASE scenario, in this instance:
Worst case - Alexander IS done, stinks up the practice field or even the game field and is cut. Being that he wasn't under some big backloaded, bonus heavy contract, we can do so at little to no impact on the cap. Not exactly a big 'downside'.
Best case - Alexander
isn't done and uses this opportunity to show everyone that he isn't. He spells Portis as his only major 'job' and maybe even becomes more of a threat receiving out of the backfield than anyone currently on the roster.
This isn't some Snyderratto offseason spending spree, this was a mid-season band aid brought about by the injury to Betts - one that appears to cost very little and provides an adequate solution to the next 2 or 3 games while we wait and see how Betts recovers.
I personally struggle to see how it isn't worthwhile of 'taking a flyer' on.

Sean Taylor was one of a kind, may he rest in peace.