After what’s been an unusually quiet start to the off-season for Eagles, things are starting to ramp up.
In addition to bringing back Brandon Graham, the team restructured Jake Elliott’s contract, which will save them $2.5 million with the move.
Elliot, 28, is set to enter the fourth year of his 5-year, $21.8 million extension he signed with Philadelphia back in 2019.
Before the restructuring, the kicker had a cap hit of $5.8 million. Now, he’ll make a base salary of just over $1 million.
Elliott looks to remain Eagles’ kicker for foreseeable future
Elliott’s contract was once highly criticized, but he’s turned it around in recent seasons.
Though he wasn’t able to live up to his Pro-Bowl 2021 season, Elliott made 20 out of 23 field goals, and was 5-for-6 from 50+ yards.
Elliott also led the league in extra points attempted and made with 53 and 51, respectively, courtesy of the best offense in the league.
Elliott could be the first of several restructures
Elliott may be one of several restructures over the coming days. Darius Slay and Lane Johnson seems like obvious candidates, as the Eagles could save over $20 million by restructuring the two players.
Of course, with Slay’s recent trade talks and stalled extension talks, it remains to be seen how that front will play out.
Ultimately, with multiple key players hitting the market and few likely to return, the Eagles will need to be smart with how much money they can relocate and where the end up putting the savings.