Eagles restructure Jake Elliott, free up much-needed cap space

The new league year and free agency officially kick off on Wednesday at 4:00 p.m. EST. Conversations about what the Philadelphia Eagles should do during the frenzy have been constant since the Super Bowl concluded. No, that isn’t true. Those conversations actually began before that.

The NFL Scouting Combine is in our rearview mirror. The deadline for placing the franchise tag on players has come and gone, and Philly elected again not to use it. The questions now are about what comes next.

Have no fear. Vice president/general manager Howie Roseman is on the case.

The Eagles restructure the contract of Jake Elliott and save much-needed cap space as a result.

NFL Network’s Tom Pellissero reports that there were a few salary conversions done overnight, conversions that save the respective teams mentioned some cap space. The Philadelphia Eagles have reworked placekicker Jake Elliott‘s deal. That frees us $2.492 million for the Birds.

Pellissero also mentioned the reworked deals of left tackle Terron Armstead (Miami Dolphins), offensive tackle D.J. Humphries (Arizona Cardinals), and safety Xavier Woods (Carolina Panthers).

Jake Elliott was initially signed to his five-year extension on November 27th of 2019’s calendar year. That would keep him in the City of Brotherly Love through 2024. The amount agreed upon was $19.3 million.

Details on Jake’s new deal have yet to be announced. When they are, they will be mentioned below, but ahead of ‘legal tampering’ and the next free-agency frenzy, the Birds are indeed busy. Many familiar faces from last season will be playing in other cities next season, but Howie Roseman is the reigning Pro Football Writers of America Executive of the Year, He can be trusted to get the job done. The Eagles are going to be fine.