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USA Today Sports Media Group
USA Today Sports Media Group
Sport
Glenn Erby

2024 NFL offseason: Key dates and Eagles contract options that’ll free up millions in cap space

With the Super Bowl in the rearview mirror, the Eagles and 31 other NFL teams will start the process of financially retooling with the goal of advancing to the postseason.

Joel Corry of CBS Sports recently looked inside at key offseason dates starting with the first week of the 2024 league year, which begins March 13.

Some dates will free up cap space for Philadelphia, while other dates will force GM Howie Roseman to make some hard decisions.

Here’s a look at the key dates and players impacted via Over The Cap. 

Feb. 12

Mandatory Credit: Kirby Lee-USA TODAY Sports

The waiver system for 2024 has started and players with fewer than four years of service for benefits purposes are subject to waivers and their contracts can be claimed by other teams.

Players with four or more years of service become free agents when released and can be immediately signed.

March 11-13

(Photo by Mitchell Leff/Getty Images)

With the new league year starting, Philadelphia will have an early three-day period of early negotiations ahead of the start of free agency.

March 13

ORLANDO, FLORIDA – FEBRUARY 04: Jalen Hurts #1 of the Philadelphia Eagles and NFC talks with Minkah Fitzpatrick #39 of the Pittsburgh Steelers and AFC runs during the first quarter of the 2024 NFL Pro Bowl Games at Camping World Stadium on February 04, 2024 in Orlando, Florida. (Photo by Megan Briggs/Getty Images)

According to Joel Corry, via Over The Cap, the Eagles’ 10-day window to pick up an option on quarterback Jalen Hurts’ dummy 2029 contract year opens up, and the team will make a $38.875 million payment that reduces the star quarterback’s 2024 base salary from a fully guaranteed $40 million to a fully guaranteed $1.125 million with the option being exercised.

Additionally, $16.5 million more of Hurts’ 2025 base salary is fully guaranteed.

His entire $51 million 2025 base salary was guaranteed for injury at signing while $3.696 million of this $51 million was fully guaranteed at signing, meaning he’s here to stay.

March 13

PHILADELPHIA, PENNSYLVANIA – OCTOBER 22: Lane Johnson #65 of the Philadelphia Eagles looks on prior to a game against the Miami Dolphins at Lincoln Financial Field on October 22, 2023 in Philadelphia, Pennsylvania. (Photo by Mitchell Leff/Getty Images)

Lane Johnson has a $14,655,000 option due, that with his $1,210,000 base salary, and $250,000 workout bonus will make his cap hit $16,115,000.

March 13

Nov 26, 2023; Philadelphia, Pennsylvania, USA; Philadelphia Eagles linebacker Haason Reddick (7) sacks Buffalo Bills quarterback Josh Allen (17) during the second quarter at Lincoln Financial Field. Mandatory Credit: Bill Streicher-USA TODAY Sports

Haason Reddick is due a $1 million roster bonus on this date, and he’ll carry a $21,877,000 cap hit in the final year of a deal in which he’s guaranteed zero dollars.

March 13

Nov 26, 2023; Philadelphia, Pennsylvania, USA; Philadelphia Eagles cornerback Darius Slay (2) reacts after breaking up a pass play against the Buffalo Bills during the second quarter at Lincoln Financial Field. Mandatory Credit: Bill Streicher-USA TODAY Sports

Darius Slay has a $9 million option due on this date, and $1,210,000 in guaranteed salary.

March 13

Feb 4, 2024; Orlando, FL, USA; NFC center Jason Kelce (62) of the Philadelphia Eagles during the 2024 Pro Bowl at Camping World Stadium. Mandatory Credit: Nathan Ray Seebeck-USA TODAY Sports

Jason Kelce is pondering retirement and is due an $8,678,000 option bonus. His contract is designed to allow the Eagles to carry the All-Pro center on the roster until June 2024 and place him on the retired list if that’s his choice.

If Kelce wants to return, Philadelphia would be able to sign him to an extension or would need to release him by early June.

March 13

Jan 15, 2024; Tampa, Florida, USA; Tampa Bay Buccaneers running back Rachaad White (1) runs the ball as Philadelphia Eagles cornerback James Bradberry (24) defends during the first half of a 2024 NFC wild card game at Raymond James Stadium. Mandatory Credit: Kim Klement Neitzel-USA TODAY Sports

Bradberry has a $9.64 million option bonus due on this day and carries a $4,335,000 cap hit while being due $1,210,000 in guaranteed base salary.

March 15

Jan 15, 2024; Tampa, Florida, USA; Philadelphia Eagles safety Kevin Byard (31) stands on the field during warm ups before a 2024 NFC wild card game against the Tampa Bay Buccaneers at Raymond James Stadium. Mandatory Credit: Nathan Ray Seebeck-USA TODAY Sports

Kevin Byard carries a $14,417,088 cap hit in 2024, and he’s due a $4,000,000 roster bonus on March 15, with no guaranteed money due.

March 16

Oct 22, 2023; Philadelphia, Pennsylvania, USA; Philadelphia Eagles offensive tackle Jordan Mailata (68) against the Miami Dolphins at Lincoln Financial Field. Mandatory Credit: Eric Hartline-USA TODAY Sports

On March 16, Jordan Mailata will see $7 million of his 2024 salary guaranteed while carrying a $10 million cap hit and no guaranteed money.

Mailata is a viable candidate for restructuring or an extension.

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