Set Your Expectations Accordingly

Jason Brewer on new Eagles safety Kenny Philips' contract:

Phillips' contract has no signing bonus or guaranteed money. He has a $1 million roster bonus that he'll get if he makes the team and $850k base salary. Adam Caplan reports that he could earn another million if he reaches certain incentives.

According to reports, the Giants did make Phillips an offer in an attempt to keep him from hitting the free agent market. But when you look at how little he signed for, you have to wonder whether the Giants offered even less or whether it was some sort of "take it or leave" deal that he left.

Only about $100,000 more than the veteran's miminum salary and a roster bonus that doesn't kick in unless he makes the team. That's not so much "team-friendly" as it is "this guy has nothing left." It would be tough for the Giants to sneak under that low bar. They clearly didn't want him or his knee issues. At this point, I expect absolutely nothing from Philips.

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.

Vick Re-Works Deal to Compete for Starting Job

The Eagles announced Monday that they've re-signed Michael Vick to what amounts to a one-year deal. Reports suggest he can make up to $10 million, although that likely includes some questionable performance bonuses. Quick thoughts on the news:

  • Even the Eagles' website says Vick is only going to "compete" for the job. This is not any indication that he will be starting week one.
  • That said, I don't think Chip Kelly bothers keeping Vick unless he is seriously considering him as a bridge candidate to get the Eagles to their QBOTF. Moreover, it indicates that -- despite Kelly's pleading to the contrary -- he does want a mobile quarterback running his offense, even if that player is 33 years old.
  • Nick Foles is on the trading block. If Kelly thought the immobile Foles was a great candidate for the job, he wouldn't have re-signed Vick. And if Foles isn't in the long or short term plans, it's time to see what you can get for him on the open market. The Andy Reid era taught us that it's profitable to sell high on quarterbacks. With a weak draft class this year, maybe Foles pulls you a late second or early third round pick.
  • Nothing about this move should make anyone mad. If Vick is less expensive, it's much easier to keep him around. That said, there's greater downside with Vick than other candidates. At best he plays well, stealing time from your draft pick and winning games that don't mean anything. And if he doesn't play well or gets benched for a younger guy? Vick has never been happy as a backup.
  • There must not have been much interest for Vick in the rest of the NFL, or his agent never would have let him take a pay cut.

How Does LeSean McCoy's Contract Stack Up?

Running Back Contracts

Exact McCoy details: 6-year, $45.615 million contract with $20.765 million guaranteed (first three years base salary plus $8.5 million signing bonus).

2012: $615,000
2013: $3.25 million
2014: $8 million
2015: $10.25 million
2016: $7.15 million
2017: $7.85 million