Eagles updated cap situation after Jackson signing

Eliot Shorr-Parks
March 11, 2019 - 11:21 am
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Eagles top personnel executive Howie Roseman is hard at work trying to open up salary cap space for the start of free agency next week. 

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Here is an updated estimate at where the team stands after the reported Malik Jackson signing:

NFL Salary Cap: The NFL salary cap has been set at $188.2 million, an increase of around $10 million from the 2018 season.

Rollover Money: In the NFL, money that isn't used during one season rolls over to the next. The Eagles end the 2018 season with around $6 million in salary cap space, which will be added to their cap space for the 2019 offseason, and give them a salary cap of $194 million ($188 million salary cap plus $6 million in rollover money). 

Current Salary Cap Space: 

According to OvertheCap.com, the Eagles currently have around $169 million in salary cap hits for their top 51 players for the 2019 season. Using a salary cap of $194 million, the Eagles would have around $25 million -- but that number is far from final. 

Waiting to Know:

The first big move of free agency is reportedly here, as the Eagles have reportedly signed defensive tackle Malik Jackson to a three-year, $30 million deal for an average of $10 million per season. How big of a cap hit the deal has in 2019 remains to be seen, as it could be lower than the $10 million average, but it should still make an impact on their cap space. A safe estimate is anywhere, at minimum, from $3-5 million. 

How Brandon Graham's deal is structured will also go a long way in dictating how much space the team has. Howie Roseman is a big fan of back-loading deals, so it would be surprising if Graham's hit for 2019 is indeed the $13 million it averages over three years. It is likely that the hit will be around $5-6 million, which would bring the Eagles down to around $19-20 million. Another deal that will have an impact is the extension handed out to Isaac Seumalo. Seumalo's cap hit for 2019 was schedule to be just $939,000. Now, with a three-year extension, that will likely increase, but it would be surprising if it was a huge jump. 

The Eagles are reportedly going to be moving on from defensive end Michael Bennett. When Bennett is traded, moving on from his contract will save the Eagles $7.2 million. Although that is not yet official, it certainly seems to be heading that way, and should be taken into consideration when projecting the Eagles' cap space. 

Opening Up More Salary Cap Space:  

The two most likely candidates to either be released, traded or forced to take a massive paycut are left tackle Jason Peters or receiver Nelson Agholor. Trading or releasing Agholor would free up a little over $9 million in salary cap space. Releasing Peters would free up around $10 million. 

Overall: 

If the Eagles are indeed at around $25 million in space right now, and Graham's hit for 2019 comes in at around $5-6 million, that would put them at around $19 million. Add in the space saved by moving on from Bennett, and the Eagles are likely somewhere around $26 million in space. Take away the Jackson deal, and the Eagles are anywhere from $16-21 million under the cap. 

You can follow Eliot Shorr-Parks on Twitter at @EliotShorrParks or email him at esp@94wip.com!