The Philadelphia Eagles agreed to restructured contracts with starting safety Rodney McLeod and kicker Jake Elliott, according to ESPN’s Field Yates. Adam Caplan previously mentioned an Elliott restructure earlier this week.
According to Over The Cap projection’s, McLeod’s restructure frees up about $2.1 million this year while Elliott’s restructure clears about $1.2 million.
The Eagles are already under the cap ahead of the 2021 NFL league year but they’re apparently still in the process of clearing room to make offseason additions.
As they were always expected to, the Eagles reworked the contracts of multiple players this offseason. Those names include Jason Kelce, Brandon Brooks, Brandon Graham, Darius Slay, Isaac Seumalo, and Javon Hargrave. Lane Johnson was also reportedly set to restructure his deal but that didn’t end up happening for some reason.
With Elliott and McLeod, the Eagles have now restructured every veteran with fully guaranteed 2021 base salary so that the cap hit for all but the minimum of that base goes into future years. With one exception: Lane Johnson. Not obvious why they wouldn't do it for him too. https://t.co/HMCpxD1Nd0— Sam Lynch (@shlynch) March 17, 2021
Perhaps the Eagles have concerns about Johnson’s long-term health coming off his season-ending ankle injury? But such motivation could’ve also made them reluctant to restructure Brooks ...
In any case, the Eagles have some more cap space to work with now. They’re hardly about to go on a huge spending spree but they’ll be making some free agent signings at some point in the near future. Right?