Prior to his requested release earlier this week, the Philadelphia Eagles and Chase Daniel agreed to a deal that restructures the offset language in his contract, according to a report from ESPN. Tim McManus notes the Eagles have “an opportunity to recoup more money than they otherwise would have.”
Unfortunately, ESPN’s report does not include any specific numbers on potential cap savings. It’s also worth noting here that the cap relief won’t come until 2018, per Adam Caplan. So this news doesn’t really do much to help the Eagles’ tight cap situation right now in 2017.
Nevertheless, Eagles fans should be rooting for Daniel to get as big of a contract as possible with his new team. In simplistic terms, the more money he gets from his new team, the more relief the Eagles will potentially receive (next offseason) due to offset language.
Philadelphia signed Daniel to a three-year contract last offseason worth $21 million. By cutting him this offseason, the Eagles incurred $7 million in dead money for a savings of only $1 million.
Daniel seemingly helped the Eagles as a mentor to Carson Wentz but it’s very hard to say signing him to all that money turned out to be a great idea.
After being released, Daniel is now free to sign with any team. The Eagles are moving forward with former Pro Bowl MVP Nick Foles as their backup quarterback behind Wentz.