Current Estimated 2016 Cap Space: $52.6 million
Expected 2016 Cap Space: $67.1 million
Over the weekend there was pretty big buzz coming out of Philadelphia when the Eagles signed their right tackle Lane Johnson to a huge $11.25 million per year contract extension with over $35 million in guarantees. My initial thought was the same as everyone else’s: “what in the world are they thinking”. Johnson was drafted 4th overall back in 2013 and has been a bit of a disappointment. He’s not a left tackle and these are the numbers for an elite left tackle. While I still don’t have all the numbers on the contract I have enough information now to I think put the contract in a context that we can all understand better and see why the Eagles signed the contract when they did and for this huge figure.
According to an ESPN report by Adam Schefter, Calvin Johnson has informed the Detroit Lions that he plans to retire rather than return for the 2016 season. The Lions were likely going to have to make a difficult decision anyway on Johnson this year due to a $24 million cap charge but he may have made it easier on them by walking away. So what happens next to the Lions salary cap? I’ll explain the ins and outs of how a retirement works after the jump plus look at a conspriacy theory as to a unique way to use a retirement to leverage a better contract. (more…)