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OFFICIAL: Fletcher Cox Released (UPDATE: Re-signed for 1 yr, $14M)

Featured Replies

On 3/21/2022 at 3:09 PM, 20dawk4life said:

Well you’re a tad late to the Watson to browns news. 

I just came back from Cozumel yesterday. 2 weeks on the island does marvels to your health. 🙂

On 3/22/2022 at 12:16 PM, VaBeach_Eagle said:

I think so... he is, after all, a newly signed free agent. 

They should make him carry the other guys' shoulder pads and stuff.  Frickin' newbie.

Howie gonna Howie. 😂

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I still don't get this deal... Ultimately I'm not sure what the Eagles have really saved?

52 minutes ago, UK_EaglesFan89 said:

I still don't get this deal... Ultimately I'm not sure what the Eagles have really saved?

$4m. Gone from a $18m guarantee that was kicking in to a $14m one year deal.

1 hour ago, UK_EaglesFan89 said:

I still don't get this deal... Ultimately I'm not sure what the Eagles have really saved?

Howie explaining the process to Lurie and why it was worth it:

 

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Lurie's reaction: 

images.jpeg

12 hours ago, kiwieagle said:

$4m. Gone from a $18m guarantee that was kicking in to a $14m one year deal.

As I said in an earlier post, I don’t think they saved anything at the end of the day … the new contract is actually $14.9M and the cost of closing out the prior contract appears to have been $3.1M,, so they ended up paying him essentially $18M for 2022 (see Over The Cap’s total Cash Paid listed for 2022 on their Fletcher Cox page), the same amount they would paid him if they did not release him.  So this appears to have been a pure restructure done purely for salary cap timing purposes (pushing out $15M of the cap hit to 2023), which is why Cox went along with it.

  • Author
1 hour ago, BayAreaLennie said:

As I said in an earlier post, I don’t think they saved anything at the end of the day … the new contract is actually $14.9M and the cost of closing out the prior contract appears to have been $3.1M,, so they ended up paying him essentially $18M for 2022 (see Over The Cap’s total Cash Paid listed for 2022 on their Fletcher Cox page), the same amount they would paid him if they did not release him.  So this appears to have been a pure restructure done purely for salary cap timing purposes (pushing out $15M of the cap hit to 2023), which is why Cox went along with it.

It also freed up cap in 2024 ($18M).  

4 hours ago, time2rock said:

It also freed up cap in 2024 ($18M).  

Money they’re just going to pay him in 2024 with the one year deals they will give him like they did for Peters, Sproles and other ailing vets in the past. 

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9 minutes ago, EazyEaglez said:

Money they’re just going to pay him in 2024 with the one year deals they will give him like they did for Peters, Sproles and other ailing vets in the past. 

If they elect to ... at least now they can terminate the relationship when they feel it is time and not have dead money tied to future years.  

4 minutes ago, time2rock said:

If they elect to ... at least now they can terminate the relationship when they feel it is time and not have dead money tied to future years.  

Speaking of dead money what is his number against the cap and for how long? Alshon Jeffery is still counting against them for crying out loud.

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7 minutes ago, EazyEaglez said:

Speaking of dead money what is his number against the cap and for how long? Alshon Jeffery is still counting against them for crying out loud.

Jeffery - $5.4M in dead money against the 2022 cap (from having used a post June 1 designation on him last year).  Same with Malik Jackson ($9M dead money to this year's cap).

Cox - $15.4M dead money hit to 2023 cap.  Nothing after that.  

Total dead money and source in 2022:

1936292155_Dead.JPG.6fdff8b9a6a296611b50aac94bd7dee8.JPG

Dead money leaders:  "cap genius!"

55 minutes ago, NOTW said:

Dead money leaders:  "cap genius!"

At $36M in dead money, the Eagles are nowhere near the dead money leaders - Atlanta has $62M, Houston $52M, and Chicago and Seattle each have $45M.  The Eagles' $36M is high compared to most teams, but still pretty ordinary.  Plenty of highly successful franchises have plenty of dead cap -- e.g, Tampa Bay, Pittsburgh and Green Bay all have between $24M and $30M of dead money this year.

And despite the dead money, the Eagles have the 5th most 2022 cap space at $23M.

 

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