The details on Darius Slay’s new contract with the Eagles are in, and as expected, it is a deal that saves the team money but now dramatically increases his cap hits down the road.
Here are the cap hits on Slay's deal with Eagles, per Over The Cap:
2021: $6.6 million
2022: $22 million
2023: $23 million
Slay previously had a base salary of $12 million in 2021, but that has been cut all the way down to just under $2 million. That roughly $10 million in salary was converted to a bonus, which is why his cap hits are so much larger in 2022 and 2023 than they were previously.
One thing to remember with the cap hits on Slay's deal -- although they numbers in 2022 and 2023 are certainly bit, the cap will (presumably) go up. It could be as high as $220 million in 2023. So while a cap hit of $23 million would take up around 12% of this year's cap, it will only be potentially 10% of the cap in 2023.
Although anything is possible after the Carson Wentz trade, the deal basically ties the Eagles to Slay for at least 2021 and 2022, as he would have a $17 million dead-cap hit in 2022 if he were cut prior to June 1st. Slay will be 30-years old for the 2021 season.
Slay could be released in 2023 to save $12 million, but even then, that would leave $10 million in a dead cap hit — which certainly isn’t ideal.
The Eagles are around $34 million over the cap as of Monday, but that will change soon, as new deals for Lane Johnson and Brandon Graham are expected, as well as the potential release of Zach Ertz.
The Eagles have to be under the salary cap by the start of the NFL new league year on March 17th.
You can reach Eliot Shorr-Parks on Twitter at @EliotShorrParks or email him at email@example.com!