Philadelphia Eagles Restructure Contracts, Clear Cap Space

The Philadelphia Eagles will have some extra cap flexibility heading into the regular season. The team restructured the contracts of offensive tackle Lane Johnson and kicker Jake Elliot, creating $6.9 million in cap space.

In a near annual rite of passage, the Eagles have restructured the contract of OT Lane Johnson, per source.

Philly converted $5.88M of Johnson’s base salary and $2.715M of K Jake Elliot’s base salary into signing bonuses, creating about $6.9M in 2022 cap space.
— Field Yates (@FieldYates) September 8, 2022

The Eagles had been close to the $208.2 million cap before the moves according to overthecap.com. The restructures should allow the Eagles to enter the season with a cushion to handle any injuries or minor transactions the team might need to execute in the early portion of the regular season.

Johnson joined the Eagles as the fourth overall pick of the 2013 NFL Draft and has been a mainstay on the team ever since. A sensational athlete out of Oklahoma, Johnson has rounded into one of the league's premier right tackles despite a pair of suspensions for performance-enhancing drugs early in his career. Entering his age 32 season, he is signed to the Eagles through the 2025 NFL season. The $5.88 million converted from his base salary will be spread over the remainder of his deal.

Initially drafted 153rd overall in the 2017 NFL Draft, Elliot has been with the Eagles ever since. He signed his extension with the team in November of 2019, and the restructure speaks to the team's long-term confidence in his play. He had made 84.3% of his career field goal attempts and had his best season in 2021, nailing 90.9% of his kicks on a career-high 33 attempts.