February 06, 2019
Over the weekend, the Philadelphia Eagles and safety Rodney McLeod came to an agreement on a restructure of McLeod's contract, the exact details of which weren't immediately known. They now are.
McLeod was scheduled to count for $9,906,250 against the salary cap in 2019, which the Eagles managed to reduce by $5,062,500. He will now count for $4,843,750 in 2019, per OverTheCap.com.
McLeod agreed to a new contract in January of 2019 in order to remain on the Eagles. The new contract reduced McLeod's salary from $7.5 to $4M. As part of the renegotiation McLeod received $1.5 million guaranteed. $1 million of the contract is tied to per game bonuses. The max value of the contract is $5.25 million. 2020 is now a voidable season which will allow McLeod to become a free agent in 2020.
Not mentioned is that McLeod will also count for $3,156,250 against the cap in 2020, even if he becomes a free agent.
With McLeod back in the fold for the 2019 season, safety will not be a glaring, immediate offseason need in 2019. However, with McLeod potentially becoming a free agent in 2020, the Eagles could certainly consider addressing the safety position on Day 2 or Day 3 of the 2019 NFL Draft.
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