Training camps came and went before Mathis got another shot elsewhere, but the Denver Broncos announced they had signed the free agent Tuesday.
Mathis will not play in the team's Week 3 preseason game, according to head coach Gary Kubiak, but will be the team's starting left guard on Week 1 of the regular season, per James Palmer of NFL Network.
The deal is worth up to $4 million if he reaches all of the playing-time bonuses, according to Adam Caplan of ESPN.com. Jason La Canfora of CBS Sports said the deal has a base salary of $2.5 million, and Mathis turned down a $5.5 million contract from another team to go to a team he believes can contend for a Super Bowl.
Field Yates of ESPN provided the full breakdown of Mathis' deal in Denver:
What was impressive about last year's Eagles team was how the offense still ranked third in scoring and fifth in total yards despite numerous injuries to the offensive line. Mathis missed seven games after suffering a sprained MCL in the season opener.
The Eagles' move to cut Mathis made some sense from a salary-cap perspective. He had two years left on a back-loaded contract that featured a $6.5 million cap hit in 2015 and $7 million the next year, per Spotrac.
But Pro Football Focus has the numbers to support Mathis as a top-tier player that Philadelphia may have been wise to retain amid its roster overhaul:
Agent Drew Rosenhaus hinted his client would be playing again soon enough on Monday.
"The news is we'll have a decision on a team by the end of this week," said Rosenhaus on WSVN-7, who indicated Seattle and other teams were interested in Mathis (H/T Miami Herald's Armando Salguero).
The Broncos are acquiring the 33-year-old Mathis at quite a bargain, considering he hasn't really shown signs of slowing down in this advanced stage of his career.
ESPN's Field Yates points at why this was a good move for Denver:
Mathis ought to be fueled by the notion that the Eagles felt he was expendable. Playing for an organization that actually wants him and values him should revitalize Mathis, despite the lengthy wait he endured to land with a new team.
The game of football starts in the trenches, and having a hard-nosed blocker like Mathis to help out undeniably makes the Broncos offensive line better. Even if Mathis only has one or two more years left in the tank, Denver is far better off in the short term and puts its playmakers in a more ideal position to succeed.