The Eagles have $27 million in available cap space right now, but could have a ton more if not for a $55M dead salary cap hit that puts Philadelphia among the top seven in the NFL, per Over The Cap
The Eagles have $27 million in available cap space right now, but could have a ton more if not for a $55 million dead salary cap hit that places Philadelphia among the top seven in the NFL, per Over The Cap.
It wasn’t the official start of summer in the NFL, but June 1 was a massive date around the league, and that date played a crucial role in several players moving on or teams taking a risk on a considerable trade.
In NFL terminology, June 1 is the final day that teams see all future prorated money accelerate as “dead money” if a player has been released. Teams like the Eagles and others around the NFL gained salary cap space, as any player designated for a post-June one release earlier this year moves from the active roster to the dead money side of the books.
What, exactly, is a dead money charge?
A dead money charge is a charge on an NFL team’s salary cap for a player no longer on the roster. It represents any remaining signing bonus proration that was not accounted for before the player’s release or trade. It is not a cash payment but rather a cap charge resulting from the rule that allows teams to prorate a signing bonus evenly over as many as five years. If a player is released before the end of those five years, all remaining signing bonus proration accelerates onto the team’s salary cap for the current year.
With the second week of OTAs underway, we’re examining the hefty dead money hits.
Jason Kelce
Dead money: $16,438,000
Year two of retirement sees the future Hall of Famer carrying a hefty bulk of the Eagles’ cap.
Josh Sweat
Dead money: $16.4M
Sweat took his talents to Arizona, but a reworked contract from 2024 adds to the cap hit.
Fletcher Cox
Dead money: $10.1 million
Year two of retirement for the dominant defensive tackle sees his final dead-money cap hit. Cox returned to the Eagles last spring on a one-year, $10 million contract.
The contract was fully guaranteed, with four void years structured for a post-June one release in 2024.
Cox’s retirement will save Philadelphia $1.5 million while adding $4.2 million in dead salary cap space. The Eagles will also have $4.2 million in dead money from Cox’s contract in 2025 and 2026.
C.J. Gardner-Johnson
Dead money: $4,620,000
Mekhi Becton
Dead money: $3,484,706
Zack Baun
Dead money: $1.9 million
Devin White
Dead money: $1.9 million
Dylan McMahon
Dead money: $139K
