Jason Kelce last week announced that he was returning to the Eagles for the 2021 season on a restructured contract.
Signing bonuses prorate over the length of a contract so it’s a way of paying Kelce up front (and giving him a raise) while also reducing his cap number.
Kelce’s new base salary is $1,075,000 for this upcoming season but he already pocketed nearly $8 million in a signing bonus.
To spread out the cap hit as much as they did, the Eagles added three voidable (dummy) years to the end of this contract.
This is indeed a kick-the-can method and the Eagles do this a lot, but the league-wide cap is expected to rise significantly in coming years.
Even if Kelce plays out the two years on this contract, he would leave a dead money figure of over $9 million in 2023.
- NFL announces 2021 salary cap number: What it means for Eagles' spending in free agencynj.com
- Eagles restructure the contract of LG Isaac SeumaloYahoo Sports
- Eagles restructure Isaac Seumalo's contractNBC Sports
- Latest Eagles salary cap space new Isaac Seumalo dealTalk Radio 1210 WPHT
- Eagles, Isaac Seumalo reportedly agree to contract restructureBleeding Green Nation
- Eagles Rework Deal with Isaac Seumalo973espn.com