The Philadelphia Eagles continue to create cap space by restructuring their current veterans contract. Zach Ertz becomes the latest to do so.
What exactly are the Philadelphia Eagles creating cap space and saving up for? Ever since the start of the offseason, Eagles’ General Manager Howie Roseman has been manipulating the cap in order to make wiggle room for moves. At first, it felt like the Eagles created just enough space to sign and trade for the few guys they did at the beginning of the league new year. Now, it feels like something bigger could be happening as the team restructured yet, another contract.
Eagles’ star tight end Zach Ertz becomes the latest player to fix up his deal. Instead of waiting to get around $7.1 million through his salary, it will be created into a bonus for now, which frees up around $5.7 million in cap space, according to ESPN’s Field Yates. Like many, Ertz isn’t exactly taking a pay cut here, but he does free up space thanks to the move. He’s not the first player to do so this season, and most likely won’t be the last either.
Where is the cap situation at?
Heading into the 2019 offseason, the Eagles were sitting in a horrible position financially. They were ranked second-to-last in cap space with hardly any room to spend. Then, Roseman worked his magic and created cap space by making some trades, cuts, and getting restructures done. Fast forward about a month later, and the Eagles have somewhere around $27.5 million in cap space, according to Glenn Erby of USA Today’s Eagles Wire.
What’s coming next for the Eagles? Considering all of the big-named free agents are signed and settled in with new teams, there is no one outside of the organization that they can spend a lot of it on. The logical prediction would be a Carson Wentz extension.
The Eagles have made it pretty clear that Wentz is the guy moving forward, and that he will get a big payday. It’s just unclear of when exactly. Seeing deals continue to get restructured though sure makes it feel like that big contract is coming a lot sooner than later.