By: Steve Johnson
On Tuesday, ESPN’s Adam Caplan reported that the Eagles asked veteran OT Jason Peters to take a pay cut. On Wedneday, they cut CB Leodis McKelvin after just 1 year of service for the squad. Here’s a look at the current Eagles cap situation and what they can do to help it before the NFL Free Agent period begins March 7th.
Cutting McKelvin saved the Eagles about $3 million, giving them somewhere around $10 million in cap space, projecting the cap is around $175 million for 2017.
Jason Peters has an $11.2 million cap number going into 2017, $2 million of that is dead money (money that still counts on the cap number if the player is released). Cutting Carson Wentz’s blindside protector without a backup plan would be a mistake. With that being said, it would be ideal if Peters took a pay cut. But why would he? He’s 35 years old and has 2 years left, making $11 million each.
Hipster DE Connor Barwin is as good as gone unless he takes a massive pay cut. The Septa rider is due to make $8.35 million next year and his dead money is only $600,000. Barwin had a terrible year in 2016 and it wasn’t just due to the scheme switch, he was either playing hurt or he’s just lost a step.
Running Back Ryan Matthews is set to make $5 million in 2017, cutting him would save $4 million of that. You can’t pay that to an oft-injured back, he’ll likely be the next Eagle cut.
More Possible Restructures:
Jason Kelce. Makes $6.2m in 2017
Chase Daniel. Makes $8m in 2017 (not a typo…no seriously)