Back in early 2016, just after Howie Roseman had been reinstated to his post of power, he pulled out some moves from the classic Joe Banner playbook.
He tried to find value in projection.
Within a nine-day span in early 2016, the Eagles signed Vinny Curry, Zach Ertz and Lane Johnson to lucrative five-year extensions. Since then, Ertz and Johnson have grown into Pro Bowl players, rendering their contracts relative bargains.
Curry simply remained a good player, which is why he was cut on Friday afternoon.
While Curry finally became a starter in 2017, he had just three sacks and the team drafted Derek Barnett and traded for Michael Bennett who was cheaper and better. It’s certainly not really a knock on Curry, who had his best professional season during the Eagles’ Super Bowl year.
When Curry signed his five-year, $47.25 million extension in February 2016, he was just two years removed from his nine-sack season and was seen as a much better fit in the 4-3 scheme Jim Schwartz was bringing to town. So the Eagles paid Curry like he was going to play at a Pro Bowl level and it never happened. In that first year, the Eagles tried to peg him in as a starter opposite of Connor Barwin, but Brandon Graham outplayed him. After Barwin was gone, Curry became a starter, but was just good; not great.
Meanwhile, the two other big contracts handed to Ertz and Johnson have clearly worked out. Cutting Curry really speaks more to the nature of NFL contracts these days than it does to the level of his play.
Sure, Curry never played to the level of his contract, but the deals for Ertz and Johnson look much better. And unlike Curry, both of them had one year left on their rookie deals when the Eagles tried to gain value in re-signing them early. It’s worked out.
Ertz was the first of the three to sign his five-year extension. His was worth $42.5 million and as a Pro Bowler in 2017, he’s beginning to outplay it. He’s now the fifth-highest-paid tight end in the league and he’ll continue to drop on that list as he plays out the next four years of that deal. The best part of Ertz’s contract is it wasn’t heavily backloaded, which has allowed the Eagles to restructure with him the last two offseasons to create some cap room.
The second of the three big five-year extensions based on projections went to Lane Johnson. His deal was worth $56.25 million. Of course, Johnson’s suspension in 2016 was tough, but he rebounded to have an incredible 2017. He’s the highest-paid right tackle in football, but he’s 10th among all offensive tackles, which is a good value.
Twenty days after Curry signed his deal, Malcolm Jenkins also got a five-year deal, but at that point he had already been a Pro Bowler, so his deal was more based off of production than projection.
During that entire offseason, every single time Roseman was asked about the moves he made that offseason, he continually said the most important ones were the moves they made to keep their own players. That obviously included the projection deals for Curry, Johnson and Ertz.
Sure, only two of the three ended up being bargains with tenable contracts. But even Curry was useful during the two years he played of his extension before the Eagles took the out they built into the deal. That’s not a bad hit rate.