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Malcolm Jenkins, Eagles reportedly agree to reworked contract to free up cap space

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What do the Eagles have up their sleeves?

NFL: New York Jets at Philadelphia Eagles Bill Streicher-USA TODAY Sports

Malcolm Jenkins and the Philadelphia Eagles have agreed to a reworked contract, according to a report from NFL insider Field Yates. Yates reports the adjustment frees up $6.148 million in 2018 cap space for the Eagles.

To be clear, Jenkins isn’t taking a pay cut. He’s still getting the same amount of money he was always set to receive. The mutual agreement to lower his original $10.1 million cap number in 2018 comes at the expense of raising his cap hit in future years.

Prior to this move, Over The Cap had the Eagles with NEGATIVE $453,419 in cap space heading into the 2018 season. This restructure now gives the Eagles some flexibility to work with when it comes to in-season signings/trades. Maybe there’s a Brandon Graham contract extension in the cards as well? We’ll have to wait to see how the Eagles choose to use their newly freed up funds.

Jenkins is the fourth Eagles player to agree to a reworked contract in order to free up cap space this year. Zach Ertz restructured his deal to open up $5.4 million while Lane Johnson did the same to open up $7.5 million. Then Brandon Brooks agreed to rework his contract to save another $6.37 million.

Kicking the can down the road isn’t ideal but the Eagles’ hand is forced given their tight cap situation.