2023: Continued dead cap hell (Currently $54 Million)

[Guest]

2 hours ago, Iggles_Phan said:

No, I forgot how bad the CBs were.  But, I think the WRs for that year were just as productive as the 3 you mention would be, based on how they were used.   The Eagles ran a lot of 12 and even 13 personnel due to the glut of talent they had at TE.  They don't have that depth anymore at TE, so they have to count on the WRs more.   Different utility.  But, I'd say that the 2017 group of receivers (WRs, TEs and RBs) match up favorably to this group of receivers (WRs, TEs and RBs).   At worst, it's a wash.

2017 TE and RB group is clearly better.

[time2rock]

Another $3.69M in cap space created by restructuring Seumalo’s contract.

https://fanrecap.com/eagles-create-3-69m-of-cap-room-by-reworking-ol-isaac-seumalos-deal/

[Aerolithe_Lion]

15 minutes ago, time2rock said:

Another $3.69M in cap space created by restructuring Seumalo’s contract.

https://fanrecap.com/eagles-create-3-69m-of-cap-room-by-reworking-ol-isaac-seumalos-deal/

We didn’t need it; that’s a big parachute to go get someone midseason. I wonder if Howie dares dangle a 1st if we’re on a roll….

[Guest]

@paco more Howie can kicking

 

 

[paco]

28 minutes ago, downundermike said:

@paco more Howie can kicking

 

 

Ok, but is this meant to make a move or just a cap maneuver in case someone goes and they have to sign someone off the street.

 

If its the latter and they roll it over, who cares IMO.

[Guest]

3 minutes ago, paco said:

Ok, but is this meant to make a move or just a cap maneuver in case someone goes and they have to sign someone off the street.

 

If its the latter and they roll it over, who cares IMO.

More for in season I would think, so hopefully they do t have to do it

[brkmsn]

On 9/8/2022 at 9:47 AM, Iggles_Phan said:

No, I forgot how bad the CBs were.  But, I think the WRs for that year were just as productive as the 3 you mention would be, based on how they were used.   The Eagles ran a lot of 12 and even 13 personnel due to the glut of talent they had at TE.  They don't have that depth anymore at TE, so they have to count on the WRs more.   Different utility.  But, I'd say that the 2017 group of receivers (WRs, TEs and RBs) match up favorably to this group of receivers (WRs, TEs and RBs).   At worst, it's a wash.

I think our current group of WRs can exceed the level provided by the 2017 group. But I do think the formula we had in 2017's group worked perfectly. This team really suffered  when we unloaded Smith and had nobody stretching the field. Agholor just couldn't handle the pressure of being anything more than a #3. I feel like Jefferey's heart wasn't in it once things started going poorly. 

The 2017 group, though, fit together really well. Hopefully we can recreate that synergy with our current group. If we get that synergy with this talent, it could be special. 

[Infam]

8 hours ago, Aerolithe_Lion said:

We didn’t need it; that’s a big parachute to go get someone midseason. I wonder if Howie dares dangle a 1st if we’re on a roll….

Or maybe we extend someone of us early? 

[Aerolithe_Lion]

51 minutes ago, Infam said:

Or maybe we extend someone of us early? 

An extension would lower cap hits, not raise them (unless it’s a rookie deal being extended, which wouldn’t need to be done midseason). It’d allow us to spread out the current cap hit into later years via signing bonuses to replace salaries left over. Not unlike restructuring, but with years at the end of the contract designed to better absorb the moved money

[NYEagle]

I don't know why everyone gets so worked up....this season we had zero cap room or flexibility and Howie got Brown, Bradberry, White, Pascal, Johnson, etc......I have never been sold on Howie's ability to draft although the last two years look great.  But....Let that man manipulate the cap (and make trades for that matter) and sit back and relax.  I do not miss the days of Banner where we were always Salary Cap Champions with 60 million in Cap Room and doing nothing with it.

[paco]

@downundermike

On 10/26/2022 at 4:29 PM, paco said:

Since I'm autistic about this stuff

Year	Age	Base Salary	Prorated Bonus	Roster Bonus	Workout Bonus		Guaranteed Salary		Cap Number	Cap %		Dead Money & Cap Savings Cut (pre-June 1)Cut (post-June 1)Trade (pre-June 1)Trade (post-June 1)RestructureExtension
Total		$49,550,000	$20,050,000	$12,500,000	$400,000		$22,450,000		$70,000,000
2020 📝	30	$3,000,000	$3,100,000	$12,500,000	$0		$15,500,000		$6,100,000	2.9%
2021	31	$6,950,000	$4,237,500	$0	$100,000		$6,950,000		$11,287,500	6.0%
2022	32	$12,800,000	$4,237,500	$0	$100,000		$0		$17,137,500	8.2%		$12,712,500	$4,425,000
2023	33	$13,900,000	$4,237,500	$0	$100,000		$0		$18,237,500	7.9%		$8,475,000	$9,762,500
2024	34	$12,900,000	$4,237,500	$0	$100,000		$0		$17,237,500	6.7%		$4,237,500	$13,000,000

 

The prorated bonus should go to the bears, so they eat 20 million.  And they did that for a 4th rounder?

Now here is what it looked like shortly after the trade:

Year	Age	Base Salary	Workout Bonus		Cap Number	Cap %		Dead Money & Cap Savings Cut (pre-June 1)Cut (post-June 1)Trade (pre-June 1)Trade (post-June 1)RestructureExtension
Total		$27,920,000	$200,000		$27,684,444
2022	32	$1,120,000	$0		$684,444	0.3%		$0	$684,444
2023	33	$13,900,000	$100,000		$14,000,000	5.9%		$0	$14,000,000
2024	34	$12,900,000	$100,000		$13,000,000	5.1%		$0	$13,000,000

 

And here is what it looks like now:

Year	Age	Base Salary		Cap Number	Cap %		Dead Money & Cap Savings Cut (pre-June 1)Cut (post-June 1)Trade (pre-June 1)Trade (post-June 1)RestructureExtension
Total		$1,120,000		$684,444
2022	32	$1,120,000		$684,444	0.3%		$0	$684,444

 

And the dead hit for the bears:

2022

Robert Quinn

$11,694,537

2023

Robert Quinn

$13,233,520

Total: 24,928,057

 

So first thing is first, its obvious SOMETHING happened to the contract to void the last two years.  Did the Bears do it (I believe they did) or the Eagles (possibly), but I don't know.

 

Now the dead cap hit. His prorated bonus for the next 3 years is $12,712,500 on the original contract.  That's $12,215,557 less than the bears dead cap hit.  So that screams to me that the base salary was converted to a bonus and then the trade was made.  Base salary dropped from $12,800,000 (them) to $1,120,000 (us).  That is a difference of $11,680,000.  Plus we have to add in salary paid, which I *think* was $395,294, which gets us to $12,075,294.  Then add in the 3 work out bonuses gets us to $12,375,294 

 

$12,375,294 vs the $12,215,557 gap in the dead cap hit is pretty close without being in the room or seeing more details.  But either way, this is how we know the Bears did do a restructure.

[Procus]

On 9/8/2022 at 10:00 AM, downundermike said:

Update

Jan 26th, 2023 cap space 43.3 million - today, 2023 cap space, 9.6 million ( with 42 players under contract )

Jan 26th, 2024 cap space, 91.7 million - today, 2024 cap space, 48.5 million ( with 27 players under contract )

Bad management.

Bad starting QB too.  Anybody would be better than him.

[Guest]

@paco the official number is only 200K more than the projections OTC has been working with.

Eagles currently have $4,435,666 of cap space for 2023.

At a minimum, we need $ 6,394,128 to sign the two first round picks.

Be interesting to see how Howie maneuvers this.

[astrofed]

On 1/30/2023 at 12:51 PM, downundermike said:

@paco the official number is only 200K more than the projections OTC has been working with.

Eagles currently have $4,435,666 of cap space for 2023.

At a minimum, we need $ 6,394,128 to sign the two first round picks.

Be interesting to see how Howie maneuvers this.

It's not going to be pretty

[Portyansky]

I've said this many times and will say it again. Howie doesn't live paycheck to paycheck. Dude is years ahead with his plans. If he hasn't already proven that, I don't know what else he needs to do. 

[EazyEaglez]

I see Howie Carrie’s this fan base to Bowls kicking and screaming too. 😂

[MillerTime]

Hargrave’s contract automatically voids 23 days before the 2023 season. Expect an extension by February 20th. 2.3M is for 2023. With no extension over 9M accelerates from 2024 and 2025. This will save the Eagles roughly 9M. And yes, OTC already has the accelerated numbers calculated into the 4M in cap space that is remaining.

The Eagles will extend Slay a year, restructure next year, post June 1st cut him next year. Pushing most of his salary to 2025. This will save roughly 13M. The cap in 2025 will be way higher than it is now. 

The Eagles will extend Lane a year and keep doing so until he retires. Pushing his salary cap to a later year. This will save roughly 10M.

The Hurts extension will save 1-2M on next years cap.

This will give the Eagles 37M-38M in cap space. Which is plenty to sign the draft picks, any of our free agents we want to keep, and even bring in a few free agents if needed. 2023 is fine yet again.

[Godfather]

41 minutes ago, MillerTime said:

Hargrave’s contract automatically voids 23 days before the 2023 season. Expect an extension by February 20th. 2.3M is for 2023. With no extension over 9M accelerates from 2024 and 2025. This will save the Eagles roughly 9M. And yes, OTC already has the accelerated numbers calculated into the 4M in cap space that is remaining.

The Eagles will extend Slay a year, restructure next year, post June 1st cut him next year. Pushing most of his salary to 2025. This will save roughly 13M. The cap in 2025 will be way higher than it is now. 

The Eagles will extend Lane a year and keep doing so until he retires. Pushing his salary cap to a later year. This will save roughly 10M.

The Hurts extension will save 1-2M on next years cap.

This will give the Eagles 37M-38M in cap space. Which is plenty to sign the draft picks, any of our free agents we want to keep, and even bring in a few free agents if needed. 2023 is fine yet again.

We should be able to keep CGJ, Epps, Seumalo with that cap room

[RememberTheKoy]

 

[Godfather]

I think Sanders comes back on a team friendly deal as well

[paco]

1 hour ago, MillerTime said:

 

The Eagles will extend Lane a year and keep doing so until he retires. Pushing his salary cap to a later year. This will save roughly 10M.

 

Lane said a while back 2024 will be it for him.  Would be nice to avoid pushing his salary as much as possible, IMO

[paco]

53 minutes ago, Godfather said:

We should be able to keep CGJ, Epps, Seumalo with that cap room

I would love to keep CGJ, I just don’t see that happening.  Dude is looking to get paid. 

[MillerTime]

8 minutes ago, paco said:

Lane said a while back 2024 will be it for him.  Would be nice to avoid pushing his salary as much as possible, IMO

In the case we would be able to split most of his salary between 2025 and 2026 with a restructure and post june 1st cut after the 2024 season. I personally would like to see us do that (only if it’s absolutely needed) and keep most of this team together for a repeat SB appearance attempt.

[20dawk4life]

[time2rock]

42 minutes ago, Godfather said:

We should be able to keep CGJ, Epps, Seumalo with that cap room

I would definitely bring back CJGJ but Epps?  I like what I've seen from Blank ... I don't think moving on from Epps would be catastrophic.  I'd sooner bring back Edwards than Epps (if given the choice between the two, and likely choices will need to be made considering the large number of players hitting free agency on March 15th and the amount of cap space we have to work with).  And because of that, I'm somewhat on the fence about Seumalo.  I hate to disrupt what that unit has going on, but on the other hand I would have to say he is the "weak link" (not a knock on him because he is playing great ... more a testament to how excellent the other 4 are).  They could play Jurgens at RG for a year (or 2) should Kelce decide to continue playing here (hopefully that will be the case).