Free Agency Round-up: Closing Thoughts

Free Agency Round-up: Closing Thoughts

Over the last week and a half, we followed the NFL's free agency movement with an eye trained on the Eagles, and I've gotta tell ya... it's been boring as hell from that perspective. This thing has been Peyton Manning's world, while the NFC East just lived in it. Well, except for the Washington Redskins. That organization is located on another planet.

As for the Birds, the acquisition of DeMeco Ryans sort of completes Philadelphia's journey, for now anyway. Sure, they will come to terms with a few more players between now and draft day, even until and probably into the month of Setpember -- just none likely to be as impactful, or from as far out of left field as Ryans.

Linebacker was the one big addition we expected from this offseason. With that out of the way, the Eagles are essentially finished.

Overall, it's been a positive 10 days for the Birds, if a little lacking in excitement. Besides the Ryans deal, which has been met with almost universal praise from fans and media alike, the front office has ensured a group of very good players will be wearing Midnight Green for years to come.

By extending Todd Herremans, then re-upping Evan Mathis, the Eagles have cemented their offensive line into place. This group is already considered one the best fronts in the league, and the next time any of the starting five will be available to become a free agent is 2015. That should foster some serious continuity.

On the other side of the ball, Cullen Jenkins restructured with the intention of retiring an Eagle, and Trent Cole's extension could conceivably achieve the same. The starting front four largely responsible for a league-leading 50 sacks in 2011 are also locked in until 2015. This team is built to dominate in the trenches.

And of course, there is DeSean Jackson. A long-term deal should keep the wide receiver happy for the foreseeable future, while protecting the franchise financially in case something goes wrong down the road. With management said to be working on a contract for LeSean McCoy as well, it means most of the core from an offense that is one year removed from setting a franchise record in scoring could stay together to break the mark several more times.

It means the Eagles don't have many holes left. They are taken care of offensively, where the biggest question mark seems to be whether Michael Vick can make the next step toward becoming an elite passer. On defense, the rest of the pieces should fall in step around Ryans, and a unit that was better than advertised in 2011 should be vastly improved in 2012 -- especially if new defensive backs coach Todd Bowles can figure out how to get the most out of their secondary.

As for the rest of the division, it will be about the same. The Giants are always a threat as long as they have Eli Manning, while the Cowboys made some nice additions and should be in the hunt. At least the Redskins will have a franchise quarterback again, even though he'll be surrounded by slop.

Meanwhile, a lot of folks are still bewildered and angry about last season, and the fact that Andy Reid somehow continues to collect a paycheck. The only thing that's going to win those people over is a Super Bowl.

One thing is for certain: if the Eagles don't do it this year, or at least come close, Reid will be out of excuses. By the time the draft is over, this will be the most complete roster Philadelphia has had on paper since '08, maybe even '04.

Eagles to receive just under $8 million in salary cap carryover for 2017

Eagles to receive just under $8 million in salary cap carryover for 2017

The Eagles are getting salary cap help. Just not quite as much as they expected.  

The NFL Players Association announced the official 2017 salary-cap carryover figures on Wednesday, and the Eagles will receive $7,933,869 in extra cap space this coming year on top of the unadjusted salary cap figure that every team begins the offseason with.

The NFL’s official 2017 salary cap figure hasn’t yet been announced, but it’s expected to be somewhere in the $166 to $170 million range, up from a record-$155.3 million in 2016.

Under terms of the CBA, teams can receive credit in each year’s salary cap for cap space that went unused the previous season. This creates an adjusted cap figure that can vary by tens of millions of dollars per team.

The Eagles under former team president Joe Banner were the first to use this once-obscure technique in the late 1990s. Today, every team uses it to some extent.

The more carryover money a team gets, the more it has to spend relative to the combined cap figures of players under contract the coming year.

The NFLPA originally estimated in the fall that the Eagles would receive $8.25 million in carryover money, so the new figure is about $316,000 less than originally expected.

It’s also the ninth-highest of the 32 teams, although below the average of $9.18 million. That’s because the top few carryover figures are so much ridiculously higher than the average (Browns $50.1 million, 49ers $38.7 million, Titans $24.0 million).

According to salary cap data tracker Spotrac, the Eagles have 52 players under contract for 2017 with a total combined cap figure of $158,040,710.

With an $168 million unadjusted cap, the Eagles would have an adjusted cap figure of $175,933,869.

They have $7,055,933 in dead money, mainly from trading Sam Bradford ($5.5 million) and Eric Rowe ($904,496) but also from departed players such as Andrew Gardner ($250,000), Josh Huff ($138,986) and Blake Countess ($98,678).

Subtract the 2017 contract obligations – the $158,040,710 figure – along with the dead money – the $7,055,033 figure – and that leaves the Eagles with roughly $10.84 million in cap space.

That figure may not include some 2016 bonuses that have not yet been made public. And it doesn’t include, for example, a $500,000 pay raise Peters got by triggering a contract escalator.

So that reduces the $10.84 million figure to $10.34 million.

From there, about $4 ½ million or so will go to the 2017 rookie pool.

So that leaves the Eagles currently with somewhere in the ballpark of $6 million in cap space.

Now, the Eagles will obviously be able to increase that number by releasing players.

They would more than double their cap space just by releasing Connor Barwin, who has a $8.35 million cap number but would cost only $600,000 in dead money for a cap savings of $7.75 million.

Jason Peters ($9.2 million), Jason Kelce ($3.8 million), Ryan Mathews ($4 million), Leodis McKelvin ($3.2 million) and Mychal Kendricks ($1.8 million) would also clear large amounts of cap space.

So for example by releasing Barwin, Kelce, McKelvin and Mathews, they would increase their cap space by a whopping $18.75 million. 

Of course, then the Eagles have to think about replacing those players with cheaper versions while still trying to build a playoff roster.

Whatever happens, the Eagles are in a unique position as they enter the 2017 offseason, with far less cap flexibility than other years.

“Yeah, it's unusual, certainly since I've been here, to have a more challenging situation,” vice president of football operations Howie Roseman said earlier this month.

“But part of our job in the front office is to look at this over a long period of time. So as we sit here today, it isn't like the first time that we are looking at that situation, and we'll do whatever's best for the football team.”

Report: Sixers 'will take a hard look' at Jrue Holiday in free agency

Report: Sixers 'will take a hard look' at Jrue Holiday in free agency

Has The Process come full circle?

The Sixers "will take a hard look" at point guard Jrue Holiday in free agency, according to ESPN's Zach Lowe

Holiday, of course, was the Sixers' starting PG from 2009-13, before he was traded on draft night by then-GM Sam Hinkie for Nerlens Noel and a future first-round pick (which became Elfrid Payton, who was traded for Dario Saric).

In four seasons since, Holiday has averaged 15.3 points, 3.4 rebounds, 6.8 assists and 1.4 steals for the Pelicans. He's fought injury and missed 122 games since joining New Orleans.

The Pelicans have Anthony Davis but little else. They're going to need to make some tough decisions moving forward and one will be with Holiday.

As Lowe points out, there aren't many teams in need of a point guard — he lists the Sixers, Kings, Knicks and maybe the Magic as players for a PG in free agency.

"[Holiday] fits what [the Sixers] need around Ben Simmons, and the hilariousness of Philly bringing Holiday back after flipping him to start The Process is irresistible," Lowe writes.

Holiday has never been a great three-point shooter but he's been decent from long-range his entire career, topping out at 39 percent and sitting at 36.8 percent over eight NBA seasons.

He's coming off a four-year, $41 million contract, and although he has a lengthy injury history, he'll still command a nice-sized contract in free agency, especially with the cap expected to increase again.