Eagles will carry $6 million on 2014 cap for DeSean Jackson

Reuters

The Eagles have opted to part ways with receiver DeSean Jackson.  But he’ll linger on the books for the rest of the year.

Per a league source, the Eagles terminated Jackson’s contract without the post-June 1 designation.  That means he’ll count $6 million against the cap for 2014.

That’s the remainder of the $10 million signing bonus he received in 2012.  He keeps that money free and clear, part of the $18 million he made in two years under a five-year deal.

If the Eagles had used the post-June 1 designation, Jackson would have counted $2 million against the cap in 2014 and $4 million in 2015.  However, his full cap number of $12.75 million would have remained on the books until June.

As it stands, the Eagles have created $6.75 million in cap space, and they’ve saved $10.75 million in cash.  And they’ve moved on from a guy that, for whatever reason, they no longer wanted.

15 responses to “Eagles will carry $6 million on 2014 cap for DeSean Jackson

  1. The Eagles are now in the same situation as the panthers.

    Why would you release your best receiver that causes a cap casualty by releasing him when you have mediocre wide receiver talent at best on the rest of your team.

    The eagles are now relying on a WR who came off a then ACL to be their #1 guy.

    Incompetent management in my opinion.

  2. Money wise smart move to get this contract off the books, could have done it a better way by being upfront with the guy and saying if we dont trade you then we will let you go. Instead of letting him make a fool of himself by posting after his talk with Kelley.

  3. Should have traded him and got something.. We traded Schaub , if you can trade Schaub , anyone can be traded.

  4. Wow, almost as much a hit as Hernandez’s $7.5 dead money. Frikkin gang bangers are killing it in this league.

  5. For the Eagles to do this appears that there’s even more to the off the field reports.
    Good for the organization for sending a strong message.
    Are you learning anything Baltimore?

  6. Desean will not receive any money from the Eagles this year. The $6 million cap hit comes from his $10 million signing bonus that counts evenly against the cap over the length if the contract. It being a 5 year deal means it counts $2 million per year. The Eagles chose to take the entire hit this year as opposed to using the post June 1st designation that would have counted $2 mil this year and $4mil in 2015.

  7. ^^^^^^^^
    That’s the remainder of the $10 million signing bonus he received in 2012. HE keeps that money free and clear, part of the $18 million he made in two years under a five-year deal

  8. He gets the signing bonus money, it was just broken up in years, thats what “signing bonus means” how they pay it is up to them but they still owe it to him for signing!

  9. He got the signing bonus up front. It gets spread out across the duration of the contract but he doesn’t get paid yearly, it’s one and done. So no, they’re not giving him any money this year, they already gave him his money for this year.

  10. There’s something bad, not being said, for the team to do this. Anyone who believes otherwise is naïve.

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