The Eagles brought back Jason Peters last month and will start the nine-time Pro Bowl tackle at right guard in the 2020 season, replacing the injured Brandon Brooks.
Peters, 38, signed a one-year deal to return to the Eagles and now we have all the details on that contract.
Peters’ one-year deal includes $3 million guaranteed but can be worth up to $6 million, according to a league source. Peters’ salary cap hit in 2020 is $3 million.
Here’s how his contract breaks down in 2020, according to a source:
Base salary: $1.8 million
Signing bonus: $1 million
Per-game roster bonus: $200,000 total
In addition to that, his contract also includes $3 million in incentives for playing time, Super Bowl, All-Pro and Pro Bowl in different combinations. Since Peters didn’t accomplish those things last year, all of those are considered to be “Not Likely To Be Earned” incentives, which is why they don’t count against the cap.
Getting Peters at a $3 million cap hit is a bargain. His renegotiated one-year contract in 2019 came with a base salary of $3.5 million and a cap hit of $8.67 million. His $3 million cap hit in 2020 is his lowest cap hit since the 2007 season, his fourth year in the NFL, when he was still with the Bills. According to OverTheCap, there are 18 right guards around the league with higher cap hits in 2020.
With Peters’ cap number known and after removing Marquise Goodwin — Goodwin opted out of the 2020 season — to replace him with the 52nd highest paid player (the top 51 count for cap purposes), the Eagles have $23,804,112 in cap space for the 2020 season.
But before you get visions of Jadeveon Clowney or another high-priced free agent still available, you have to remember that the Eagles probably need to carry this cap amount into next season.
Last week, when I looked at the 2021 cap situation, I estimated by carrying over $23 million and it looks like I was pretty close. Even with carrying over that much, the Eagles are still nearly $60 million over the salary cap if it hits the floor of $175 million in 2021. It could be higher, but that’s the floor based on the expected revenue drop this season.
So the Eagles will need to carry over all (or at least most) of their cap space in 2020 into 2021. Getting Peters for a bargain this season will only help.
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