Eagles 2013 Salary Situation: Breaking Down Philadelphia's Current Cap Status

Brad Gagnon NFL National ColumnistMarch 12, 2013

GREEN BAY, WI - JANUARY 15:  Kenny Phillips #21 of the New York Giants celebrates with the fans after defeating the Green Bay Packers during their NFC Divisional playoff game at Lambeau Field on January 15, 2012 in Green Bay, Wisconsin.  (Photo by Jamie Squire/Getty Images)
Jamie Squire/Getty Images

As the only team in the NFC East with salary cap space to work with, the Philadelphia Eagles have a chance to gain ground after finishing dead last in 2012. Throw in a No. 4 overall pick and Chip Kelly and Howie Roseman have a lot to look forward to.

It's not surprising that the Eagles have been linked to a slew of free agents already, but there's a chance they take it easier than some fans would like this March because of their miscues on the free-agent market two years ago. 

Still, expect some action, and track that action live right here, as well as on our Eagles free-agent tracker

Updated cap space: approx. $18 million* (per CSN Washington on March 19)


Updated Signings

Isaac Sopoaga: Three-year, $12 million contract with approx. $5 million guaranteed

Contract value grade: A-

I don't mind paying $4 million a year to a big, solid nose tackle. They aren't getting a deal or anything, but this is about right. And I like that they can essentially get out of it after the 2013 season without taking a big hit.


James Casey: Three-year, $14.5 million contract with $6 million guaranteed

Contract value grade: C+

This is a tough one to read because Casey could easily crush expectations in Chip Kelly's offense, but his résumé doesn't appear to merit that kind of money. Still, it's not crippling for the Eagles, so I like the move and I'm going to give them the benefit of the doubt


Patrick Chung: Three-year, $10 million contract with $6.25 million guaranteed

Contract value grade: C+

The Eagles didn't spend big bucks on the first day of free agency, but on that day, almost every move you make will be a little more costly than usual. That's definitely the case here. Chung has started more than eight games only once in his four-year career, but he's likely to start from the get-go in Philly and is thus getting starter money. The Eagles can afford it, but that doesn't make it a good deal.


Bradley Fletcher: Two-year, $5.2 million contract with $2.35 million guaranteed

Contract value grade: A-

Only $2.6 million per year for a potential starter with great coverage skills? This deal might be even better than the one they got for Sopoaga. Fletcher has plenty of upside, but even if he fails to deliver it won't hurt the Eagles much financially. Very safe move that could pay off in a big way. It also keeps the pressure on Fletcher. If he delivers in 2013, look for him to get a big extension next offseason.


Cary Williams: Three-year, $17 million contract with $7.5 million guaranteed

Contract value grade: D-

Williams could be coming into his own. He had two interceptions in the playoffs and had some stellar late-season coverage performances against Washington and the Giants. The problem is that he's lacked consistency as a starter in Baltimore and was beat more often than all but four NFL corners in 2012. That's far too much money for someone like that. 


Connor Barwin: Six-year, $36 million contract with $8 million guaranteed

Contract value grade: C-

The fact that he's only getting $8 million guaranteed prevents this from being a F. The Eagles can wash their hands of him without taking a dead money hit after his second season, but even a two-year, $8 million deal would be a little pricey for a backup linebacker. 


Kenny Phillips: One-year, $2 million contract (per Aaron Wilson of the Baltimore Sun)

Contract value grade: A

If Phillips can stay healthy and play the way he did in 2010 and 2011, this could be the signing of the year. On top of his game, the 26-year-old is worth triple this. And the best part is that there's no long-term commitment in case things don't work out. Can't believe nobody else out there didn't offer Phillips something better than this.