Cut Nnamdi Asomugha Already

The news Friday morning is that the Eagles will meet with Nnamdi Asomugha's agent, Ben Dogra, today to discuss possible restructure of his contract. Sheil Kapadia explains the topic succinctly:

But the key here is that the Eagles owe Asomugha $4 million if they cut him. In other words, Asomugha will have to weigh two options from a financial perspective.

  1. Whatever the Eagles offer him over $4 million in a newly re-structured deal.
  2. What he thinks he could potentially get from a new team on the open market.

In other words, Asomugha can pocket the $4 million AND make whatever a new team offers.

I don't see much to gain in restructuring Asomugha's contract. Because the Eagles didn't put offsetting language in his contract, they have to pay the aging corner a sunk cost of $4 million no matter what. They can certainly negotiate his total salary down from $15 million, but to make it worthwhile to Asomugha, the amount over $4 million has to be at or above market rate.

There's little upside in keeping Nnamdi through this regime change, let alone paying him a few million (extra) for his services. Time for the team to learn from their mistake, cut their losses, and move on.