Updated look at Eagles salary cap after contract restructures for Lane Johnson and Jake Elliott
In a near annual rite of passage, the Eagles have restructured the contract of OT Lane Johnson, per source.
Philly converted $5.88M of Johnson’s base salary and $2.715M of K Jake Elliot’s base salary into signing bonuses, creating about $6.9M in 2022 cap space.
— Field Yates (@FieldYates) September 8, 2022
The Eagles restructured the contract of star right tackle Lane Johnson on Thursday, a now annual event to help add salary cap relief.
Pro Bowl kicker Jake Elliott also took home a bonus, as Philadelphia created about $6.9 million in immediate cap space for 2022.
Here’s an updated look at the Eagles’ salary cap space and what the move could mean for Chauncey Gardner-Johnson.
Lane Johnson
(AP Photo/Daniel Kucin Jr.)
Philadelphia converted $5.88 million of Johnson’s base salary into a bonus.
According to Over The Cap, Johnson is due $11,058,998 in 2022, and this is the final year of guaranteed money for the All-Pro.
Johnson will likely sign an extension at seasons end or risk Philadelphia potentially moving on, with almost $44 million remaining on the current deal he signed in 2019.
Jake Elliott
Jake Elliott
The Eagles moved $2.715 million of Elliot’s base salary into signing bonuses.
Eagles current cap space
Mandatory Credit: Bill Streicher-USA TODAY Sports
The two moves created about $6.9 million in 2022 cap space.
The Eagles now have $8 million in cap space according to Over The Cap, creating flexibility and the option to give extensions to Javon Hargrave or C.J. Gardner-Johnson.
As the NFL regular season begins, a look at how much cap space each team officially has, from the Browns to the Falcons. pic.twitter.com/qBAYv6Gqaq
— Field Yates (@FieldYates) September 8, 2022
Field Yates is reporting the numbers at $5.8 million, an increase from the team’s negative cap number last week.
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