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.