Eagles create cap space by restructuring Fletcher Cox’s contract

USA TODAY Sports

Just before the season got started, the Eagles did a little housekeeping to put their books in order.

Per ESPN’s Field Yates, on Saturday, Philadelphia converted $13.925 million of defensive tackle Fletcher Cox‘s base salary into a signing bonus. The move created $11.14 million in cap space.

Cox was scheduled to make $15 million in base salary this season. He has one more season left on the six-year, $103 million extension he signed back in 2016, though the contract also carries a pair of void years at its end.

Cox was named to his sixth consecutive Pro Bowl last year, recording 6.5 sacks and nine tackles for loss in 15 games. In 141 career games since being selected at No. 12 overall in 2012, Cox has 54.5 career sacks.

He played 57 percent of Philadelphia’s defensive snaps in the team’s Week One victory over the Falcons on Sunday.

10 responses to “Eagles create cap space by restructuring Fletcher Cox’s contract

  1. touchback6 says:
    September 14, 2021 at 10:56 am
    “Restructure” = Cap Hell

    —————

    Hardly. It’s not April 2021 anymore. The Eagles are currently 8mill under the 2021 cap (12th overall in cap space).

  2. I love these guys! Their guy restructures a contract, it’s a good move. The Cowboys restructure a contract a couple of weeks ago, and it’s “OMG teh Jerrah is turible!!!”

    I love these guys!

  3. therealtrenches says:
    September 14, 2021 at 11:14 am
    touchback6 says:
    September 14, 2021 at 10:56 am
    “Restructure” = Cap Hell

    —————

    Hardly. It’s not April 2021 anymore. The Eagles are currently 8mill under the 2021 cap (12th overall in cap space).

    7 4 Rate This

    ——————

    You don’t get it. 8 million is not a lot and you have a lot of older players. Restructures are not necessary if you are budgeted properly. Kicking the can down the road is not a good thing.

    Please leave the financial talk to the adults.

  4. touchback6 says:
    September 14, 2021 at 12:21 pm
    therealtrenches says:
    September 14, 2021 at 11:14 am
    touchback6 says:
    September 14, 2021 at 10:56 am
    “Restructure” = Cap Hell

    —————

    Hardly. It’s not April 2021 anymore. The Eagles are currently 8mill under the 2021 cap (12th overall in cap space).

    7 4 Rate This

    ——————

    You don’t get it. 8 million is not a lot and you have a lot of older players. Restructures are not necessary if you are budgeted properly. Kicking the can down the road is not a good thing.

    Please leave the financial talk to the adults.

    ———–

    Okay, so now we’ve gone from “cap hell” to “not a lot?” As I wrote, 8 million puts them 12th in cap space. Hardly cap hell.

    And by the way, every team does re-structures.

  5. Oh…wait a minute…this just in: the Eagles were 8 mill under the 2021 cap *before* the Cox re-structure. Now they closer to 20 mill, and 3rd in 2021 cap space. If they don’t use it, it rolls over into 2022, where they already had 9 million.

    So…what was that about “cap hell?”

    Please.

  6. Keeping the Eagles out of “cap hell” is why Howie Roseman still has a job. Whenever he fails to do that, he’ll be gone.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!

This site uses Akismet to reduce spam. Learn how your comment data is processed.