Eagles Opened Up Cap Space with Peters Extension
PHILADELPHIA (973espn.com) - The numbers are in on the recent Jason Peters contract extension and as expected the Eagles gained significant cap space for the 2017 season in exchange for guaranteeing the veteran left tackle money over the next two years.
On paper, Peters signed a three-year, $32.5 million extension, with $15.5 of that guaranteed.
His cap number decreased nearly $5 million for the upcoming campaign, going from $11.7 to a more manageable $6.9 million. The 2018 figure, meanwhile increases slightly from $11.25M originally to $11.6 million. The third year, which is far from a given, includes a cap number of just under $10.7 million.
The details reveal that the Eagles have essentially committed to the 35-year-old Peters through the 2018 season and things will be revisited from there.
According to the most recent NFLPA figures, the Eagles currently have $6,262,677 in cap space for the 2017 season so you can see how significant the reworked Peters deal was to their bottom line. Only the Los Angeles Rams and Detroit Lions currently have less space.
John McMullen covers the Eagles and the NFL for 973espn.com. You can reach him at email@example.com or on Twitter @JFMcMullen