The Eagles two biggest free agent pickups so far this offseason have been Anthony Harris and Joe Flacco.
And both have similarly low salary cap hits for 2021, a season in which the Eagles are really up against that cap threshold.
Before these moves, the Eagles had $3,340,821 in available cap space. So they were able to get these in but will still need to find more space eventually for future free agents and draft picks.
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Harris’s cap hit for 2021 is $1.592 million and Flacco’s cap hit for 2021 is $1.56 million, according to a league source.
The Eagles were able to limit both of their cap hits by using a trick they’ve used a lot in recent years. The Eagles added four extra years that void automatically. They do this because signing bonuses prorate over the length of a contract for cap purposes. It’s a way to pay a guy now but spread out the cap hit. In this case, it pushes much of the cap hit to next year, when the Eagles are in a better cap situation.
Anthony Harris
While initially reported as a $5 million contract for Harris, it’s actually a one-year deal worth $4 million, with another $1 million in incentives. Like we mentioned, it also has four void years for cap purposes.
NFL
Guaranteed: $4 million
Signing bonus: $3.01 million
2021 base salary: $990,000
2021 cap hit: $1.592 million
Harris’s contract will leave $2.408 million in dead money in 2022.
Joe Flacco
Flacco’s one-year deal is worth $3.5 million but can be worth up to $7.5 million with incentives. So if Flacco ends up becoming the starter for whatever reason, he can earn more. Again, four void years for cap purposes.
Guaranteed: $3.5 million
Signing bonus: $2.425 million
2021 base salary: $1.075 million
2021 cap hit: $1.56 million
Flacco’s contract will leave $1.94 million in dead money in 2022.
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