Heading into the NFL’s signing period, the Philadelphia Eagles are an estimated $20 million under the salary cap according to EaglesCap.com. While that puts the Birds reportedly 10th among all teams in cap space, via OverTheCap (h/t Bleeding Green Nation's Brandon Lee Gowton), it’s not necessarily as much as you think.
It goes fast. Until the Eagles re-sign a few of their own impending free agents and maybe hand out a contract extension or two—not to mention set money aside for the incoming draft class—there’s only enough left over to spend on a handful of players.
You can never have enough cap space.
Fortunately, there are ways to create more. The Eagles can probably stand to clear as much as an additional $10 million in cap space by trimming the fat, so to speak: cutting players they no longer have use for.
For what it’s worth, it was really difficult getting to five names with whom the team could realistically part ways.
There were some veterans who might garner consideration for one reason or another, such as guard Todd Herremans or outside linebacker Brandon Graham, but they would create more dead money against the cap than savings. And while you may feel the club could upgrade over Cary Williams or Bradley Fletcher at cornerback, the Eagles are not going to release quality starters when there is no viable alternative on the roster.
So we had to make some difficult decisions to get to five. Thankfully, since the Eagles are $20 million under the cap, they shouldn’t be required to do the same.