Eagles adjust Fletcher Cox’s contract, open $11 million in cap space
Right before kickoff on Sunday, Howie Roseman was still making moves. According to Field Yates, Roseman converted $13.9 million of Fletcher Cox’s base salary into a signing bonus. By doing this, the Eagles opened up $11 million in cap space this season.
Howie Roseman has been doing these conversions for years, and all they are is a loophole around the salary cap to provide cap relief for teams. Roseman did the same thing with Lane Johnson and Derek Barnett’s contracts earlier in the offseason, opening $14 million in space.
The reasoning behind these moves isn’t anything crazy. For one, cap space transfers from one season to another, so Philly has some extra money to play with next offseason. Alongside that, the Eagles just gave Jordan Mailata a hefty extension, and Dallas Goedert will be receiving one shortly, soconverting Fletcher Cox’s contract has basically covered those costs.
Philly will have several other extensions looming this offseason, including Josh Sweat and Derek Barnett. Still, they should have a lot of money available once Carson Wentz’s contract is off the books.
Mandatory Credit: Philadelphia Eagles
[…] Roseman created this space by converting contracts into signing bonuses, opening space for the team that could be used next year. Roseman is often criticized, and […]