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The 2021 Eagles Salary Cap Situation

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  • The 2021 Eagles Salary Cap Situation

    I did not consider the potential negative impact of the COVID-19 pandemic on the NFL's salary cap moving from 2020 into 2021.

    Also, I believe that this (2021 salary cap) factor should be applied to the context through which the Hurts selection was made. Not the main or deciding factor, but ONE factor.

    https://94wip.radio.com/blogs/eliot-...pace-situation

    ….According to OverTheCap.com, the Eagles are currently set to be $50.6 million over the salary cap in 2021. Only one other team, the New Orleans Saints, are also projected to be over the cap — but by only $9.5 million. The wide gap between the Eagles and the rest of the league is shocking, and a massive drop for a team that currently has the seventh-most space in the league.

    A potential unexpected drop in the salary cap could complicate things even further. Speaking on the My Sports Update Football Podcast recently, ESPN’s Adam Schefter revealed that the salary cap in 2021 could be impacted by the COVID-19 outbreak. Due to the potential for games either being cancelled or no fans being in the stands, each team could potentially take in considerably less revenue than expected. Less revenue would mean a drop in the salary cap.

    Schefter suggests, based off of conversations with team executives, that the cap could drop as much as “$30 to $80 million”, making it considerably lower than the projected $215 million.
    While that is all a hypothetical, it certainly isn’t ideal for a team that is already in a tough spot....

    ….In 2020, the Eagles have five players with cap hits over $10 million. In 2021 that number more than doubles, going from five to 12. Their number of players with cap hits over $15 million also takes a big jump, going from four in 2020 to seven in 2021.

    The massive jumps are all over the roster. Carson Wentz goes from an $18.6 million cap hit in 2020 to $34.6 million in 2021. Malik Jackson goes from $4.6 million to $13.6 million. Darius Slay goes from $4.3 million to $15.75 million. Javon Hargrave goes from $3.4 million to $15.2 million. The list continues.

    Add up all the big jumps to key players, and the Eagles’ projected contracts for their top 51 players goes from roughly $183 million in 2020 to $265 million in 2021 — which results in the $50 million hole they could find themselves in.

    Roseman and the Eagles have some options to dig their way out.
    Currently, the Eagles have around $23.5 million in salary cap space. Unused cap space from one season rolls over to the next in the NFL, meaning if the Eagles don’t make any more moves — and it is unlikely they make a big-time signing at this point — they will roll over around $23.5 million to next offseason. That number could change slightly based off of rookie signings and potential training camp cuts.

    Assuming it stays around $23 million, rolling it over would cut the Eagles’ deficit almost in half, bringing that $50.6 million number down to around $27.6 million.
    From there, the Eagles have some fairly obvious cuts that will open up space.

    It is unlikely that the trio of Alshon Jeffery, DeSean Jackson and Marquise Goodwin are back in 2021. If they are, it certainly won’t be on their current deals. Cutting all three next offseason opens up around $19 million in cap space. That would bring the Eagles to around $8.1 million over the salary cap....

  • #2
    I will also add that while Roseman's spending may seem uncharacteristic to the author of the article, it is my belief that he may have been compelled to do so by the need to correct the personnel missteps of Chip Kelly.

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    • #3
      First have to consider the source here. Elliot Shor Parks is the biggest hack in this town. He always looks for a negative and give his hot takes on that. He does zero research. For instance Goodwin signed a new contract for 1.35 million after he was traded and it was for one year. So already his numbers are off by 7 million.
      Said this in another thread. At the worst the cap will stay the same. It won't go down 30-80 million. If not you will see a huge influx of veterans being cut and losing huge sums of money. NFLPA is not going to want that, the not many teams would benefit from a huge cut in the cap.
      Were from Philly F in Philly no one likes us we DON'T CARE!

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      • #4
        Fucking wrote a long reply and lost it again to the cyber-demons!! Bottom line, the league almost certainly has income insurance which will pay them at least a portion of any income they lose, and their best course of action is for the owners and league to agree the cap won't change for the next 2-3 years. The owners can easily absorb the $80 million loss and still see an income of roughly $170 million each) and it gives them 2 years of increased income that they don't have to share with the players. The players save their jobs and avoid having contracts reworked with potential reductions that extend far into the future because of 'uncertainties' in possible income.
        Official Driver of the Eagles Bandwagon!!!
        Bleedin' Green since birth!

        "Do not regret growing older. It is a privilege denied to many." - Mike Willey

        ”Enjoy The Ride!!!” - Bob Marcus

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        • #5
          Not worried about the cap.. They always find a way around it. I'm much more worried that we don't have football this year.
          "Hey Giants, who's your Daddy?"

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          • #6
            Context from Eagles FO salary cap guy...

            https://www.nbcsports.com/philadelph...-howie-roseman

            EXCERPT--

            ….The latest numbers from the NFLPA have the Eagles with $24,705,095 in available salary cap space. That number doesn’t include a reported restructured contract for Marquise Goodwin, but it also doesn’t include the Eagles’ 2020 draft class, which remains unsigned. So just know the Eagles have over $20 million in cap space right now.

            The key point Rosenberg made was the importance that the Eagles approach the cap from a multi-year perspective. It’s important to remember that NFL teams roll over unused cap space from year to year. The Eagles rolled over $21,484,051 from 2019 into 2020 and will need to roll over a big chunk in 2021, when OTC projects them to be $50 million over the cap.

            Rosenberg said the Eagles spent the last few seasons creating cap space with the goal of rolling it forward because they knew they might need it in 2020, which was supposed to be the final year under the old CBA.

            In Howie Roseman’s office, he has lists hanging of players signed through future years. The Eagles already have several players signed through 2023 and 2024 and they even have Lane Johnson locked up through 2025. So their plan is based on a long-term approach, while also trying to remain competitive in each and every season.

            In NFL circles, the Eagles are one of the most well-respected teams when it comes to cap management. Roseman is excellent at it and Rosenberg, who joined the team in 2012 after over a decade as a bond and commodities trader, is one of the most important people in the organization who you might not know.

            One of the biggest changes in the Eagles’ salary cap landscape in recent years was the long-term contract extension for Carson Wentz. Going from having a QB on a rookie deal to one who has an average yearly salary of over $30 million per season inherently changes the roster construction.

            But, as an example of how much planning goes into this, the Eagles were prepared for that moment early in Wentz’s career, Roseman once told me.
            “I don’t know that it’s hampered us,” Rosenberg said. “I go back, we talked about the planning side of things. We had been planning for this for a long time, as far as Carson’s contract. We had planned from a negotiation standpoint and structure standpoint. But I think from team-building perspective, we were also planning for it and understood what it meant to have a quarterback on a market-adjusted deal rather than a rookie deal.”
            When we talk about issues of salary cap management, there’s this idea that the Eagles and Roseman can simply manipulate things to make whatever they want work. But it’s not that easy. The Eagles’ ability to manage their salary cap is a product of not just ingenuity; it’s also a product of immense planning.
            While you can ding the organization in other areas, cap management is one where they’re pretty darn good.

            “That’s our job, to figure it out,” Rosenberg said. “Howie says that all the time, ‘figure it out.’ It’s not enough to just throw your hands up and say ‘oh, we have a problem here.’ No, what’s the solution? Let’s figure it out and let’s move on.”

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