Philadelphia continues to open up cap space to sign free agents, restructuring both Jake Elliott and Rodney McLeod’s contracts. According to ESPN’s Field Yates, the two moves open a combined $3.25 million in cap space. Before starting the new league year today, the Eagles were $2 million under the cap, beginning the offseason at over $40 million in the red. Following these moves, the Eagles will have almost $6 million in space.

McLeod has been the Eagles leader in the secondary and was signed to a two-year contract worth a bit over $8.5 million last offseason. Right before the end of the season, McLeod tore his ACL and hopefully he will make a full recovery before the start of the 2021 season.

Kicker Jake Elliott had a career-low season in 2020, missing five of his 19 field goals and two extra points. In 2019, Elliott was signed to a lucrative five-year $21.8 million contract to stay in Philadelphia, but it has become one of the worst kicker contracts in football since. Restructuring Elliott’s contract frees just a bit over $1 million in cap space.

Hopefully, these two moves will allow the Eagles to go after some free agents. Currently, the Eagles are just one of three teams yet to sign a single free agent. If they were to trade Zach Ertz, Philly would have almost $10 million to play with this offseason with several holes on both sides of the ball. The Eagles have already begun to lose some of their top free agents, including Jalen Mills, who signed a four-year $24 million contract with the Patriots.

Mandatory Credit: Yong Kim Philadelphia Inquirer