The move guaranteed Jeffery's $12.75 million base salary for 2020 while "providing salary-cap flexibility for the team," the specifics of which remain unclear.
According to NFL Network's Ian Rapoport, the Eagles are counting "most" of his $11.75 million salary in 2019 as a signing bonus under the amended terms.
Prior to this restructuring, the 2019 season represented the end of the guaranteed money in Jeffery's four-year, $52.25 million extension. As a result, he's all but certain to stick around in 2020, whereas his previous lack of guaranteed dollars left his future in a little bit of doubt.
The obvious question is what Philadelphia plans to do with its added financial freedom.
The Oakland Raiders announced Saturday they released Antonio Brown, leading many to speculate about his next step. Prior to Brown's official departure, Eliot Shorr-Parks of SportsRadio 94WIP seemed to throw cold water on the Eagles joining the conversation:
NJ Advance Media's Mike Kaye focused on a different receiver:
Nelson Agholor turned a corner in 2017 and caught 126 passes for 1,504 yards and 12 touchdowns over the past two seasons. He's set to be a free agent in 2020, so getting him extended before he hits the open market might save the Eagles some money.
At the very least, Eagles fans can count on seeing Jeffery next year.