Breaking down Eagles' eight new contracts

Breaking down Eagles' eight new contracts

March 18, 2013, 7:45 pm
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Details of the contracts for the Eagles’ major free agency acquisitions, notably safety Kenny Phillips, linebacker Connor Barwin and cornerback Cary Williams, show team-friendly deals that don’t commit the Eagles to their new players beyond a year or two.
 
CSNPhilly.com obtained exact details of the contracts for Phillips, Barwin, Williams, Isaac Sopoaga, Patrick Chung, Bradley Fletcher, Jason Phillips and James Casey from numerous league sources.
 
Those eight unrestricted free agents have a combined 2013 salary cap figure of $18.999166 million. Once free agent bust Nnamdi Asomugha was off the books, the Eagles had $36,816,026 in cap space available, so after these eight acquisitions, they have $17,816,860 left.
 
For the sake of comparison, Asomugha would have had a 2013 cap figure of $15 million just by himself if the Eagles kept him.
 
Phillips left the Giants for a one-year deal that pays him just $2 million in 2013, with $850,000 of it in base salary, $1 million in the form of a roster bonus and a $150,000 workout bonus. Phillips also has playing time and performance incentives that could be worth another $1 million if he meets certain performance benchmarks, including going to his first Pro Bowl.
 
Phillips doesn’t receive his $1 million roster bonus immediately. He’ll get $62,500 for each game that he’s on the roster this year.
 
Because of knee injuries that limited Phillips during his four years with the Giants, Phillips’ value was limited. There’s a good chance that if he plays at a high level and shows that he’s healthy, the Eagles would try to re-sign him to a multi-year deal late in the season.
 
Williams got a three-year, $17 million deal including nearly $6 million in 2013. The Williams deal has a $5 signing bonus payable immediately, base salaries of $750,000 in 2013, $4.75 million in 2014 and $6.5 million in 2015.
 
With his average annual salary of $5.67 million per year, Williams is the highest-paid free agent cornerback so far, just ahead of former Dolphin Sean Smith, signed by the Chiefs ($5.5 million); former Jaguar Derek Cox, signed by the Chargers ($5 million annual average on a five-year deal; and Chris Houston, re-signed by the Lions ($5 million annual average on a five-year deal).
 
But the deal is still dramatically cheaper than, for example, the deal the Eagles gave Asomugha just 20 months ago. Asomugha got $60 million over six years and earned far more in two years ($25 million) than Williams will earn if he plays the entire three years.
 
Barwin’s deal, similarly, is team-friendly, thanks to the small, $3 million signing bonus. Although the base salaries the first two years are guaranteed – $700,000 this year and $4.3 million next year – the Eagles could get out of the contract after 2014, since the small signing bonus means small pro-rated amounts would accelerate if he’s released.
 
Signing bonuses pro-rate over five years for deals that are five years or longer, so Barwin’s cap figure is only $600,000 per year above his base salaries. If the Eagles released him after 2014, only $1.8 million would be left to accelerate.
 
Here are full contract details for Barwin, Casey, Chung, Fletcher, Jason Phillips, Kenny Phillips, Sopoaga and Williams
 
Connor Barwin (six years, $36 million, $8 million guaranteed)
2013: $700,000 base salary fully guaranteed, $3 million signing bonus, $1,300,000 cap number.
2014: $4.3 million base salary fully guaranteed, $4.9 million cap number.
2015: $5.5 million base salary, $6.1 million cap number.
2016: $6 million base salary, $6.6 million cap number.
2017: $7 million base salary, $7.6 million cap number.
2018: $8.5 million salary, $1 million roster bonus payable fifth day of league year, $9.5 million cap number.
 
James Casey (three years, $12 million, $2,715,000 million guaranteed)
2013: $715,000 base salary fully guaranteed, $3.3 million roster bonus, cap number $4,015,000.
2014: $3,985,000 base salary, $1 million guaranteed, $3,985,000 cap number.
2015: $4 million base salary, $4 million cap figure.
 
Patrick Chung (three years, $10 million, $4 million guaranteed)
2013: $715,000 base salary fully guaranteed, $2,285,000 roster bonus, $3 million cap number.
2014: $3,250,000 base salary, $1 million guaranteed, $3,250,000 cap number.
2015: $3,750,000 base salary, $3,750,000 cap number.
 
Bradley Fletcher (two years, $5.25 million, $2,35 million guaranteed)
2013: $750,000 base salary fully guaranteed, $1.6 million roster bonus, $2,350,000 cap number.
2014: $2,900,000 base salary, $2,900,000 cap number.
 
Jason Phillips (two years, $1.46 million, $150,000 guaranteed)
2013: $630,000 base salary, $50,000 guaranteed, $100,000 roster bonus, $730,000 cap number.
2014: $730,000 base salary, $730,000 cap number.
 
Kenny Phillips (one year, $2 million, $0 guaranteed)
2013: $850,000 base salary, $1 million roster bonus, $150,000 workout bonus, $1,437,500 cap number.
 
Isaac Sopoaga (three years, $11 million, $2 million guaranteed)
2013: $1 million base salary fully guaranteed, $2.75 million roster bonus, cap number $3,750,000.
2014: $3.75 million base salary, $1 million guaranteed, cap number $3,750,000.
2015: $3.5 million base salary, cap number $3.5 million.
 
Cary Williams (three years, $17 million, $10.5 million guaranteed)
2013: $750,000 base salary fully guaranteed, $5 million signing bonus, cap number $2,416,666.
2014: $4,750,000 base salary fully guaranteed, $6,416,666 cap number.
2015: $6,500,000 base salary, $6,500,000 cap figure.

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