Philadelphia Eagles Are Still Among The NFL Leaders In Cap Space
The Philadelphia Eagles are an organization that operates smartly and efficiently. Under the guidance of former Eagles president Joe Banner, the team has always been ahead of the curve when it comes to structuring contracts that somehow fit within the NFL‘s salary cap. Banner was the architect and his plans have been seemingly passed on to new president Howie Roseman.
As of June 22nd 2012, according to profootballtalk.com, the Eagles are $18.02 million under the cap. The Eagles cap room lags only behind the Jacksonville Jaguars ($25.1 million) and the Tennessee Titans ($19.97 million).
I am by no means an expert with the NFL salary. It is hard for me to understand how the Eagles can maintain a large number under the cap. The team has re-signed existing players to new extensions, inked all of their drafted rookies and acquired several free agents. As George W. Bush would say, “there must be some fuzzy math going on here.” The Eagles, often times, format contracts so the money is rolled over to ensuing years. The rolled over money is balanced by factoring in the other contracts. The Eagles “bean-counters” use a matrix like an insurance actuary would.
With all the money the Eagles still have this year, what are they going to do with it? The remaining free agent market is relatively weak. With their rookies and most of their current roster already locked up, there is really only one major starting player entering the last year of his deal. That player would be cornerback, Dominique Rodgers-Cromartie.
2012 will be the first year Cromartie will be a starter for the Eagles. Cromarties is young (26), has terrific size for the position (6’2) and a play-making skill set (13 interceptions between 2008-2010 with the Arizona Cardinals). I am sure the Eagles want to evaluate his performance before making him an offer.
The Eagles are an organization that is driven by profit. Eagles owner Jeffery Lurie bought the team in 1994 for $195 million. The Eagles are now valued to be worth over $1.1 billion. When it comes to money, the Eagles are obviously a first class organization. When it comes to championships, well, that is a different story.
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