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We’re breaking down the Philadelphia’s salary cap situation ahead of Week 1, as we’ll chart the #Eagles dead money, positional spending and current outlook
Philadelphia quietly continued their business during the 2023 offseason, inking Rashaad Penny, Terrell Edmunds, Justin Evans, Kentavius Street, Nicholas Morrow, and Marcus Mariota to deals during the first wave.
The Eagles will again be a Super Bowl favorite in the NFC and have one of the most talented rosters despite being 26th in average positional spending.
Here’s where Philadelphia sits salary cap-wise, thanks to Over The Cap.
We’re breaking down the Philadelphia’s salary cap situation ahead of training camp, as we’ll chart the Eagles dead money, positional spending and current outlook
The salary cap will exceed a record high of $224 million in 2023, and where things currently stand, Philadelphia now has a little over $13 million in cap space, according to Over The Cap.
The Eagles quietly made some noise during the 2023 NFL free agency period, inking Rashaad Penny, Terrell Edmunds, Justin Evans, Kentavius Street, Greedy Williams, Nicholas Morrow, and Marcus Mariota to deals during the first wave.
For some teams, the slight increase in cap space provides a little breathing room to retain players on expiring deals or acquire talent that could help them succeed in the upcoming season.
With training camp fast approaching, here’s an updated look at Philadelphia’s salary cap space.
We’re looking at the updated salary cap space for the Philadelphia Eagles and 31 other NFL teams
As the NFL and Philadelphia Eagles head into the dry stretch of the offseason, fans and experts now wait for training camp.
Teams across the country have just wrapped up minicamp, with the Birds being the only team in the league without a mandatory session.
While coaches and players are on a mini vacation until then, it’s still a wise time to check into the salary cap situations around the league… particularly for Philadelphia after some recent moves made by the team.
Here’s a team-by-team breakdown of every NFL team’s salary cap space ahead of training camp via Over The Cap.
With the 2023 NFL offseason almost complete and training camps looming we’re breaking down the Philadelphia Eagles’ $54 million in dead cap space
The NFL’s June 1 date is just 24 hours away, and with that you can expect some trades, shocking releases and team salary caps impacted by dead money going on or off the books.
So what is dead cap?
Any future, unpaid, guaranteed salary or bonus or any already paid signing bonus that hasn’t yet been allocated to the salary cap becomes the responsibility of the team in the event of a release.
The salary cap will increase to $224.8 million for the 2023 season.
For some teams, the slight increase in cap space provides a little breathing room to retain players on expiring deals or acquire talent that could help them succeed in the upcoming season.
With OTAs underway, we’re breaking down the Eagles $54 million in dead cap space, fourth among all NFL teams.
Philadelphia traded for RB D’Andre Swift, and the veteran will make $1.7 million in 2023, the final year of his rookie deal
The Eagles traded for D’Andre Swift on Saturday, and they’ll acquire the talented dual-threat running back at a valuable bargain.
A second-round Lions pick out of Georgia; Swift will make $1.7 million in the final year of his rookie deal.
Eagles’ RB D'Andre Swift is entering the last year of his contract that carries a $1.77 million base salary.
If he leaves after this season, the Eagles likely would get back a compensatory draft pick in 2025 – the year in which they traded a 4th-round pick to Detroit for Swift.
— Adam Schefter (@AdamSchefter) April 29, 2023
The Lions are receiving a fourth-round pick in 2025 and a seventh-rounder (No. 219) this year, while Philadelphia gets Swift and Detroit’s seventh-round pick (No. 249).
The move comes after the Lions drafted Alabama running back Jahmyr Gibbs 12th overall Thursday.
It provides a homecoming for Swift, who is from Philadelphia and attended high school at St. Joseph’s Prep, less than a 20-30 minute ride from Lincoln Financial Field.
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The details are always in the numbers, and we’re breaking down the five-year, $255 million extension signed by Eagles QB Jalen Hurts.
Philadelphia Eagles quarterback Jalen Hurts signed a five-year contract extension that, along with contract incentives, is worth $255 million.
The contract includes just over $110 million in fully guaranteed money at the point of signing, and $179 million is guaranteed in the event of injury.
The deal includes an average annual salary of $51,000,000.
💰Jalen Hurts' 5-yr, $255M extension💰
• $110M fully guaranteed.
• $23.294M to sign.
• 2023: $1.01M base.
• 2024: $1.125M base, $38.875M option.
• 2025: $1.175M base, $40.83M option.
• 2026: $1.215M base, $49.875M option.
• 2027: $51M*.
• 2028: $51M*.*Keep reading 🧵
— Albert Breer (@AlbertBreer) April 25, 2023
Hurts talked about why he took a team-friendly deal, and the numbers suggest that the All-Pro quarterback is all-in on wins over guarantees.
In 2023, Hurts will earn a base salary of $1,010,000 and a signing bonus of $23,294,000 while carrying a cap hit of $6,154,286 and a dead cap value of $110,485,486.
Hurts has three years of options and roster bonus money, and you’ll find that most of this contract can become fully guaranteed based on his roster status.
In order to pull off those cap numbers, the structure of the contract could be something wacky like this: https://t.co/rjr8PQ6glq pic.twitter.com/GnuFu32FIn
— Nick Korte (@nickkorte) April 17, 2023
Here’s a look at the full breakdown courtesy of Over The Cap, Spotrac, and Albert Breer.
We’re looking at how the 5-year, $255 million deal Jalen Hurts agreed to with Philadelphia will impact the Eagles’ salary cap in 2023 and going forward
On Monday, the Eagles made Jalen Hurts the highest-paid player in NFL history with a five-year, $255 million contract extension. The five years start after the 2023 season – the final year of his rookie deal – and give the Eagles control of Hurts’ contract through 2028.
From NFL Now: Breaking down the new contract for #Eagles QB Jalen Hurts, with all the numbers you need to know. pic.twitter.com/C92zbxnUWr
— Ian Rapoport (@RapSheet) April 17, 2023
After a rocky four-game tryout in relief of Carson Wentz in 2020, Hurts rebounded in 2021, taking the Eagles to the playoffs in his first year as a starter, the youngest QB in Eagles history to reach the postseason.
Hurts then turned around and led Philadelphia to the Super Bowl in his second year as a starter — He Finished second in the MVP voting, went 14-1 as a starter, and has made franchise history.
The move will have salary cap ramifications, and we’re taking an early look.
With the NFL Draft fast approaching, we’re taking an early look at the Philadelphia Eagles’ 15 biggest salary cap hits after the first wave of free agency
The salary cap will exceed a record high of $224 million in 2023, and where things currently stand, Philadelphia now has a little over $13 million in cap space, according to Over The Cap.
Philadelphia created about $25 million in salary cap space by signing Lane Johnson and Darius Slay to contract extensions.
With the first wave of NFL free agency in the books, here’s an updated look at the Eagles’ 15 most significant salary cap hits for 2023.
We’re taking a revised look at the salary cap space for the Philadelphia Eagles and 31 other NFL teams after the first wave of free agency
The first wave of NFL free agency is in the books, and Philadelphia made five moves to help offset the loss of nine critical contributors on the open market.
The Eagles were also able to sign cornerback Darius Slay to an extension after initial thoughts that he’d be released for salary cap purposes.
Still, the Eagles are sitting in a great position after the first week of free agency, where general manager Howie Roseman can still add to the roster with April’s NFL Draft a month away.
Philadelphia has the 13th most cap space, and they could add $25 million by exercising options on A.J. Brown and Hasson Reddick.
Here’s a look at every NFL team’s salary cap situation following the first wave of free agency, per Field Yates of ESPN.
As free agency slows down a bit, here's a look at how much each NFL team still has in cap space (including all moves that are official)
💰💰💰 8 teams with $20M+
💰💰 11 teams with $10M-$20M
💰 12 teams with under $10MThe Bears still lead the way by a wide margin. pic.twitter.com/QYNzWOGSMc
— Field Yates (@FieldYates) March 23, 2023
We’re looking at the 7 biggest questions for the Philadelphia Eagles entering the 2023 NFL offseason
With the Super Bowl in the rearview mirror, the Eagles and 31 other NFL teams will start the process of financially retooling with the goal of advancing to the postseason.
Between the 2023 NFL draft, free agency, and more, Philadelphia will look to acquire the pieces needed for a return trip to the postseason.
With the NFL offseason now in full swing, here are the seven biggest questions the Eagles need to answer.
