Tag Archive: Philadelphia Eagles

Feb 26

Eagles Salary Cap Implications From the Releases of Cullen Jenkins and Mike Patterson

Categories:

Roster Cuts, Salary cap

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Earlier today, the Philadelphia Eagles released defensive tackles Cullen Jenkins and Mike Patterson. Below is a summary of the salary cap implications resulting from the moves.

Jenkins went undrafted in 2003 out of Central Michigan, After signing on with the Packers following the ’03 draft, he ended up playing the season in NFL Europe before making the Packers roster in 2004. After hitting unrestricted free agency in 2011, Jenkins was a surprise addition to the Eagles’ well-publicized 2011 free agent class. His original contract with Philadelphia was a five-year, $25 million pact with a roster bonus due each year. In … Read the rest

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Feb 22

Eagles Attempt to Restructure Asomugha’s Contract

Categories:

Contracts, Player Valuations, Renegotiations, Salary cap

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Today the Philadelphia Eagles are meeting with the agent for high-priced cornerback Nnamdi Asomugha to discuss restructuring his contract. After signing on with the Eagles for five years and $60 million dollars (with $25 million guaranteed) after the lockout in 2011, Asomugha was destined to be the crown jewel of the Eagles much-hyped free agent additions that year. However, that has not worked out as planned as Asomugha as struggled during his two years in Philadelphia.

As an initial note, let’s take a look at his contract as it stands. As referenced above, $25 million of the $60 million total … Read the rest

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Feb 12

Pro Football Talk Sheds More Light on Vicks New Contract

Categories:

Contracts, Salary cap

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Mike Florio of Pro Football Talk breaks down the particulars of Mike Vick’s new contract in his latest posting over at PFT. According to Florio Vick will receive

$3.5 million in base salary, $3.5 million as a signing bonus and a slew of incentives to max the contract out at $10 million. The easiest to achieve is the $500,000 in gameday active roster bonuses and the most difficult a $1 million dollar bonus if the Eagles win the Super Bowl and Vick sees significant playing time. Since Vick was active for 10 games last season his 2013 cap will reflect … Read the rest

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Feb 11

Mike Vick Restructures Contract

Categories:

Contracts, Salary cap

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Jeff McClane of the Philly Inquirer I believe was the first to report  that the Eagles and QB Michael Vick agreed to terms on a new contract that should drastically reduce Vick’s salary and cap charges in 2013. The contract is technically a 3 year contract that will void to one season on March 15 of 2014 according to McClane.

The reason for such a structure is to likely protect the Eagles from acceleration of prorated money from his prior contract. A pure 1 year contract would see $2.8 million in old prorated money immediate hit the 2013 salary … Read the rest

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