Philadelphia Eagles salary cap update following Fletcher Cox restructure

It’s amazing what winning does for an NFL franchise. All of a sudden, following a Philadelphia Eagles opening weekend win, people are ready and willing to accept the possibility of this team coming out on the top side of more games than they were originally forecasted to win. Believe it or not, Howie Roseman, the team’s vice president and general manager, has a lot to do with that.

You noticed that you haven’t heard the criticism of him recently, have you? Let’s not act like some of the criticism wasn’t warranted, but this team has some players now. And yes, good old Howie has a lot to do with that. He’s even setting this team up for some future success.

Here’s an update on where the Philadelphia Eagles are in terms of salary.

Two days after the Birds took care of business in the regular-season opener, news came of a restructure of the contract belonging to the team’s most expensive player. According to ESPN NFL Insider Field Yates, Roseman and company have converted “$13.925 million of defensive tackle Fletcher Cox‘s base salary into a signing bonus, creating about $11.14M in cap space”.

Here’s what that means. Fletcher Cox now has a base salary of #15 million as it was that $15 million to go along with a $1 million roster bonus and a $4 million option bonus. Philly’s cap room expands from what was somewhere around $8M-$10M in available space to somewhere just over $21 million to $22 million.

That doesn’t necessarily mean that corresponding moves or additions are coming. Still, for a team that just extended Jordan Mailata and has a bevy of guys on one-year deals or in contract seasons, this helps a lot. The Philadelphia Eagles now have the third-most cap space, trailing only the Jacksonville Jaguars who have $31.6 million and the Carolina Panthers who have about $21.6 million to spend if they choose to.