The Eagles have a nice amount of remaining cap space. While it is difficult to locate an exact number, smart money says its more than $10,000,000, but less than $14,000,000. What should the Eagles do with this money?
Firstly, make no mistake about it, this is a business, the Eagles are not going to spend $10,000,000 just for the sake of spending it. The Eagles have a variety of conventional options should they choose to spend the money:
1) Sign players: We know there is immediate need at OT, DE, and CB.
2) Extend current players, reducing their cap hit in future years.
That said, its time for the Eagles to get creative. Take the NBA for example which has one of the toughest caps in the business. The Sixers trade a player who is performing well worth $8,000,000 for a garbage expiring $8,000,000 contract and a first round pick.
The Eagles could also identify teams with bad guaranteed one year contracts, offer to take that bad contract off the teams hands. Example: The Ravens are jammed up under the cap, have an overrated backup olineman who is on the last year of his $6,000,000 guaranteed contract. Eagles trade a 7th rounder for the bad contract and 3rd rounder. While there are not a lot of guaranteed contracts (especially on the tail end) in the NFL, it is something that should be explored.