For Eagles cornerback Nnamdi Asomugha, the options are simple: Take a pay cut or get cut.
ESPN’s Adam Schefter reports that the Eagles and Asomugha’s representatives will meet this morning, and the team will ask Asomugha to restructure his contract. If Asomugha refuses, the team will cut him.
Asomugha is guaranteed $4 million from the Eagles this year whether he plays for them or not, so it would be a costly move to cut him. But it will cost the Eagles $15 million to have Asomugha on their team this year under his current contract, and Philadelphia has concluded that he simply isn’t worth his massive contract.
When Asomugha signed with the Eagles before the 2011 season, the deal was advertised as a five-year, $60 million contract — and was advertised as one of the deals that made the Eagles the Dream Team. But that now looks like a contract that the Eagles regret, and if Asomugha won’t take less money, he’ll soon become an unrestricted free agent again. An unrestricted free agent who will get a much smaller contract this time around.