Eagles Free Up a Ton of Cap Space With Latest Contract Restructures

Larry Rupp
The Philadelphia Eagles freed up a ton of cap space with latest contract restructures.
The Philadelphia Eagles freed up a ton of cap space with latest contract restructures. / Mitchell Leff/Getty Images

Maneuvering cap space availability is one of the most important aspects of an NFL team's offseason. The Philadelphia Eagles were recently able to free up a ton of money by restructuring the contracts of offensive lineman Lane Johnson and defensive lineman Derek Barnett.

By converting a part of each player's base salary into a signing bonus, Philadelphia was able to save over $14 million in cap space for the 2021 season. That money can also be pushed into 2022.

Eagles News

While this may not seem like huge news, that cap space will come in handy if the Eagles want to sign a free agent or make a trade during the season. Philadelphia could also use this money to make a move right away, but it is yet to be seen if that'll be the case before kickoff in September.

Johnson will now earn $11.06 million against the cap in 2021 and that number will jump to $15.763 million next year as well as $23.017 million in 2023. On the other side, Barnett will count $2.80 million against the cap in 2021 and could leave next offseason unless the Eagles sign him to an extension.

It was crucial for the Eagles to create some wiggle room given the team is currently taking on $49 million in dead cap this year. A bulk of that number is due to Carson Wentz' contract, but it also takes into account the contracts of other former players including DeSean Jackson and Alshon Jeffery.

As it stands now, Philadelphia has just around $16 million in cap space. It's worth keeping an eye on whether or not general manager Howie Roseman makes any more moves to increase that mark.

Sign up for FanDuel Sportsbook today and get your first bet risk free for up to $1,000!

Larry Rupp is not a FanDuel employee. In addition to providing DFS gameplay advice, Larry Rupp also participates in DFS contests on FanDuel using his personal account, username phillyfan424. While the strategies and player selections recommended in his articles are his personal views, he may deploy different strategies and player selections when entering contests with his personal account. The views expressed in their articles are the author's alone and do not necessarily reflect the views of FanDuel.