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Eagles among teams with the highest salary-cap rollover into 2022 offseason


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Posted

Eagles among teams with the highest salary-cap rollover into 2022 offseason

howie-roseman-joe-douglas-eagles-front-office-depth-e1587246429992.jpg?w=1000&h=600&crop=1
Glenn Erby 
 
January 17, 2022 12:15 pm ET
 
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Howie Roseman had his work cut out for him last offseason from a salary cap standpoint, but the Eagles’ current salary cap woes are now improving and looking good heading into 2022.

The 2022 salary cap will have a floor of about $208 million, and it could rise even more depending on how things shake in regards to the 17th game and trickledown from the recent TV deals.

ESPN’s Field Yates took a look at what NFL teams rolled over in cap room and the Eagles saved $16.4 million to add to the estimated $14 million that they’ll have available when the new league year begins.

There will be looming roster decisions to be made to help the Eagles get back to some semblance of fiscal comfort, and the potential for $30 million more to be freed up if Philadelphia makes moves or restructure the deals for Fletcher Cox, Brandon Brooks, and others.

https://theeagleswire.usatoday.com/2022/01/17/eagles-2022-salary-cap-rollover-howie-roseman-jalen-hurts-fletcher-cox/

Posted

If there's one thing we know for sure... It is that Howie will free up more space by just kicking the can further down the road. He's very good at that. 

Posted

IDK, if you read other threads  on these boards, the Eagles are absolutely screwed on the salary cap front because of a big dead money hit in 22.   Go check out the salary cap hell thread.

 

Posted
7 hours ago, Procus said:

IDK, if you read other threads  on these boards, the Eagles are absolutely screwed on the salary cap front because of a big dead money hit in 22.   Go check out the salary cap hell thread.

 

This is the dead money reported by OTC for 2022.  

1666000787_Dead.JPG.4eb3f0d630f082d02c040cbdffb3c5dd.JPG

The biggest hits are from Jackson and Jeffery (as a result of using the post June 1 designations last year - so while helping in 2021 it did "kick the can" down the road on a good chunk of the dead money hit resulting in additional impact on this upcoming league year's cap.  

There are rumors circulating that Brooks may be retiring.  I wonder how that impacts the cap.  He has a cap number of $19, 439,235 for 2022 ... I believe he sacrifices his $13.4 base salary and any workout bonuses he has if he does.  IINM the prorated bonus figures for the remaining years on his contract (spread out through 2025) would accelerate into 2022 and would result in a dead money hit to the cap of $15.736,472.  So dead money would jump to $37,745,833 in 2022.  

I hope he does decide to call it quits ... even though it would suck in 2022 it would be great beginning 2023 to get that albatross of a contract off the books (for a player that rarely contributes on the field anymore).  

  • Like 1
Posted
2 hours ago, time2rock said:

This is the dead money reported by OTC for 2022.  

1666000787_Dead.JPG.4eb3f0d630f082d02c040cbdffb3c5dd.JPG

The biggest hits are from Jackson and Jeffery (as a result of using the post June 1 designations last year - so while helping in 2021 it did "kick the can" down the road on a good chunk of the dead money hit resulting in additional impact on this upcoming league year's cap.  

There are rumors circulating that Brooks may be retiring.  I wonder how that impacts the cap.  He has a cap number of $19, 439,235 for 2022 ... I believe he sacrifices his $13.4 base salary and any workout bonuses he has if he does.  IINM the prorated bonus figures for the remaining years on his contract (spread out through 2025) would accelerate into 2022 and would result in a dead money hit to the cap of $15.736,472.  So dead money would jump to $37,745,833 in 2022.  

I hope he does decide to call it quits ... even though it would suck in 2022 it would be great beginning 2023 to get that albatross of a contract off the books (for a player that rarely contributes on the field anymore).  

So essentially, if the Eagles are rolling over $14 million, that will net out roughly $8 million when factoring in the dead cap hit.  Not chump change, but certainly not a major impact on the cap front all other things being equal - especially in a rebuilding year.

Posted
7 hours ago, time2rock said:

This is the dead money reported by OTC for 2022.  

1666000787_Dead.JPG.4eb3f0d630f082d02c040cbdffb3c5dd.JPG

The biggest hits are from Jackson and Jeffery (as a result of using the post June 1 designations last year - so while helping in 2021 it did "kick the can" down the road on a good chunk of the dead money hit resulting in additional impact on this upcoming league year's cap.  

There are rumors circulating that Brooks may be retiring.  I wonder how that impacts the cap.  He has a cap number of $19, 439,235 for 2022 ... I believe he sacrifices his $13.4 base salary and any workout bonuses he has if he does.  IINM the prorated bonus figures for the remaining years on his contract (spread out through 2025) would accelerate into 2022 and would result in a dead money hit to the cap of $15.736,472.  So dead money would jump to $37,745,833 in 2022.  

I hope he does decide to call it quits ... even though it would suck in 2022 it would be great beginning 2023 to get that albatross of a contract off the books (for a player that rarely contributes on the field anymore).  

The following dead cap hits will occur once the NFL year begins in March

Barnett    $7,248,800
McLeod    $2,140,000
Anthony Harris    $2,408,000
Kerrigan    $1,140,000
Steven Nelson    $1,208,000

 

If Brooks and\or Kelce retire, they will likely tag both as June 1st.  Kelce's current contract was written with that specifically in mind.

Spoiler

 

Kelce signed a new contract with the Eagles in March of 2021. The new contract is a effectively a one year, $9 million contract that includes a $4.5 million raise from his prior salary. The contract contains what are effectively four dummy contract years for salary cap purposes which is designed to allow the Eagles to use a June 1 release on Kelce in 2022. The move created $2.84 million in 2021 cap room for Philadelphia.

 

Posted
7 hours ago, paco said:

The following dead cap hits will occur once the NFL year begins in March

Barnett    $7,248,800
McLeod    $2,140,000
Anthony Harris    $2,408,000
Kerrigan    $1,140,000
Steven Nelson    $1,208,000

Good catch.  That brings the total dead money to the 2022 cap to $36,154,161 (that is without adding any additional dead money by cutting or trading anyone).  Yikes.  

Remember when people thought Howie was a cap genius?  :lol:

 

  • Like 3
Posted
4 minutes ago, time2rock said:

Good catch.  That brings the total dead money to the 2022 cap to $36,154,161 (that is without adding any additional dead money but cutting or trading anyone).  Yikes.  

Remember when people thought Howie was a cap genius?  :lol:

 

He fooled us all for a long while. Then we started to see the truth. Well some of us did, others are still being fooled.

Posted
1 hour ago, paco said:

The following dead cap hits will occur once the NFL year begins in March

Barnett    $7,248,800
McLeod    $2,140,000
Anthony Harris    $2,408,000
Kerrigan    $1,140,000
Steven Nelson    $1,208,000

 

If Brooks and\or Kelce retire, they will likely tag both as June 1st.  Kelce's current contract was written with that specifically in mind.

  Reveal hidden contents

 

Kelce signed a new contract with the Eagles in March of 2021. The new contract is a effectively a one year, $9 million contract that includes a $4.5 million raise from his prior salary. The contract contains what are effectively four dummy contract years for salary cap purposes which is designed to allow the Eagles to use a June 1 release on Kelce in 2022. The move created $2.84 million in 2021 cap room for Philadelphia.

 

The one silver lining is, the amount of cap were going to be rolling over from 2021 should balance out the dead money hits from those you listed.

Posted
4 hours ago, time2rock said:

The one silver lining is, the amount of cap were going to be rolling over from 2021 should balance out the dead money hits from those you listed.

It’s a been a long day and I’m not going to double check before I hit Submit, but a good chunk of the rollover was from a restructure of a contract that he correctly dubbed "a cap move”.   I want to say Hargrave.  

  • Like 1
Posted

Wtf!  We’re still going to be paying next year for malik jackson and alshon jeffrey?

Posted
7 hours ago, eggs said:

Wtf!  We’re still going to be paying next year for malik jackson and alshon jeffrey?

Yes, from having used a June 1 designation when releasing them last offseason.  While I hate using it under normal circumstances, it would have been extremely difficult to absorb the full dead money hit from cutting both of them without using that designation due to the cap situation at the time.  

Posted
11 hours ago, paco said:

It’s a been a long day and I’m not going to double check before I hit Submit, but a good chunk of the rollover was from a restructure of a contract that he correctly dubbed "a cap move”.   I want to say Hargrave.  

Appreciate the detailed breakdown (in the main thread in TATE on the subject).  If it did indeed involve Hargrave, at least the restructure was for a player still close to his prime and not someone past 30 and on the decline.  

  • Like 1
Posted
1 hour ago, time2rock said:

Appreciate the detailed breakdown (in the main thread in TATE on the subject).  If it did indeed involve Hargrave, at least the restructure was for a player still close to his prime and not someone past 30 and on the decline.  

It could have been cox I was thinking of that he dubbed as a cap move.  That was a huge savings for the current year.  Whatever. Baby girl and her teething had me dead tired last night. :lol: 

  • Haha 1
Posted
1 hour ago, time2rock said:

Yes, from having used a June 1 designation when releasing them last offseason.  While I hate using it under normal circumstances, it would have been extremely difficult to absorb the full dead money hit from cutting both of them without using that designation due to the cap situation at the time.  

That's the reason why Fletcher Cox will be an Eagles in 2022. Even with the post June1 designation that would free up $2MM for 2022 cap, the dead cap hit the following year would be horrendous (something like $40MM IIRC). The following off season is more manageable though. Everything points to 2023 as the critical rebuild phase. Between now and then it's spot replacements. I hope the Eagles fine a CB, DE, and an actual WR in the draft/FA while still trading onto 2023 for more assets. 

Posted
1 hour ago, PoconoDon said:

That's the reason why Fletcher Cox will be an Eagles in 2022. Even with the post June1 designation that would free up $2MM for 2022 cap, the dead cap hit the following year would be horrendous (something like $40MM IIRC). The following off season is more manageable though. Everything points to 2023 as the critical rebuild phase. Between now and then it's spot replacements. I hope the Eagles fine a CB, DE, and an actual WR in the draft/FA while still trading onto 2023 for more assets. 

Yep, which makes drafting all that much more important to add much needed talent (on cheap rookie contracts).  

  • Like 1

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