Wednesday, March 5, 2014
Eagles in position to strike in free agency
By Phil Sheridan
The Philadelphia Eagles will be in almost perfect position when NFL teams are allowed to open talks with unrestricted free agents Friday.
They are perceived as a team "headed in the right direction," as soon-to-be-free-agent safety Jairus Byrd said on ESPN on Tuesday. And they have enormous flexibility thanks to more than $26 million in salary-cap space, according to ESPN's Roster Management service.
The Eagles didn't have to release wide receiver Jason Avant for cap purposes. That decision was about paying the $1 million roster bonus negotiated into his contract and due on March 15. But with Avant's departure, the Eagles save another $2.5 million on their cap.
General manager Howie Roseman has set low expectations for the team to make a huge splash in free agency. He could be doing that because he simply doesn't see a free agent worth splurging on, because he wants to prevent potential fan disappointment or because he doesn't want to telegraph his real plans to other teams before the market opens.
Three of the more intriguing names disappeared from a potential wish list this week: Miami extended the contract of cornerback Brent Grimes, Washington placed the franchise tag on linebacker Brian Orakpo and Pittsburgh linebacker Jason Worilds signed his transition-tag tender.
The two top safeties, Byrd and Cleveland's T.J. Ward, are expected to hit the market. Roseman has acknowledged his preference to address the safety position in free agency so it isn't a glaring need going into the draft. But he may have his sights set on some of the less expensive players expected to be on the market.
Roseman said last week that his spree of contracts for current Eagles would not limit the Eagles' options in free agency.
"It will affect other things going forward," Roseman said. "We have some flexibility. Obviously, this affects it, the things we've done the past couple of days. But we're going to go out and try to do things that make sense for our football team."
Another thing working in the Eagles' favor is the expansion of the cap this year to $133 million and the expected continuing rise over the next couple of years. That extra cap space comes just as Roseman will have to decide on extensions for players like Nick Foles, Fletcher Cox, Brandon Boykin and Mychal Kendricks.
Foles, especially, gives the Eagles a lot of flexibility. Starting quarterbacks can eat up 12 to 15 percent of a team's salary cap. Foles' 2014 salary of $770,880 accounts for 0.65 percent of the Eagles' cap. That's about as much as backup offensive lineman Allen Barbre.
Eventually, if they're going to be successful, the Eagles will have to pay a quarterback that kind of money. For now, they can build a team and deal with Foles -- or someone else if Foles should stumble -- when the cap increases.
"It's hard to look three years out," Roseman said. "It's hard to know where you're going to be after two full seasons and after two draft classes. We do spend a lot of time on the cap next year. We try to be conservative with what the cap projections are going to be."
Finally, there's this reality: The salary cap is not nearly as onerous as it is made out to be. The Dallas Cowboys were in as tight a situation as any team in the NFL going into the new league year. By reportedly reworking quarterback Tony Romo's contract, converting salary to bonus money, the Cowboys resolved their cap issues.
So there is an escape hatch from cap purgatory. The Cowboys still probably won't have the cap space to be proactive in free agency.
The Eagles will. They are in position to do whatever they want.