The Eagles have created salary cap space by restructuring tackle Lane Johnson’s contract, an NFL source told Jeff McLane of the Philadelphia Inquirer on Tuesday.
The team needs to trim approximately $10 million by the start of the new league year Wednesday to get under the $177.2 million cap for 2018. They’ll get about $7.5 million in savings by reworking Johnson’s deal.
The all-pro right tackle’s cap number went from approximately $12.484 million to about $4.98 million when the Eagles took his base salary ($10.25 million) and a roster bonus ($250,000) and fully guaranteed $9.71 million in a signing bonus. Half ($4.855 million) will be paid on April 1 and the other half in October. The remaining $790,000 will be Johnson’s fifth-year league-minimum base salary.
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