SECOND UPDATE: The Eagles have released a team statement announcing that they are officially re-signing Fletcher Cox. His new contract is reportedly worth $14 million. While the Eagles are probably a worse team without Cox, one wonders if there’s a better way for the team to spend those resources.
FIRST UPDATE: The latest news from NFL Network indicates that Fletcher Cox’s return could be officially finalized early next week.
the #Eagles and DT Fletcher Cox continue to work out the details of a one-year deal, sources say. I expect it to be finalized and signed in the next few days, possibly Monday. But he’s still on track to come back.
—Mike Garafolo (@MikeGarafolo) March 18, 2022
ORIGINAL STORY BELOW.
After officially release him with a designation after June 1 on Thursday, it looks like the Philadelphia Eagles are re-signing Fletcher Cox.
The Twitter account @letsgo2thephone, which originally pointed to the Cox version hours before other reporters did, tweeted the following on Thursday evening.
NFL insider Mike Garafolo clarified that while nothing is finalized yet, progress is being made on this.
John Clark also had something similar to say:
This whole situation has been quite strange.
From a restructuring that cap expert Jason Fitzgerald has dubbed “one of the most complex contracts I’ve seen in the NFL” to Cox being designated as a post-June 1 cut and then basically being brought back hours later… that’s not standard procedure.
The bottom line, however, is that it looks like Cox will return for his 11th season with the Eagles.
For one thing, the Eagles are a worse team without Cox. In this regard, his return is welcome.
On the other hand, it’s hard to say the Eagles are maximizing their resources by spending them on an aging player in decline with 4.5 sacks in his last 22 games.
We’ll stay tuned for official word that Cox is back. As we’ve seen many times this free agency cycle (see: Randy Gregory, JD McKissic, and Za’Darius Smith all backing out of deals), nothing is official until the ink is has not dried.
A bit more of Garafolo’s financial background:
Nothing really changes. Provided everything is a base salary and incentives, whatever is taken out comes back immediately. Or most, anyway.
—Mike Garafolo (@MikeGarafolo) March 18, 2022
Do not manipulate. Everything that went out will come back pretty much. Like they just cut his contract in the first place. By designating him a reduction on June 1, they prevented any acceleration of the allocation of bonuses this year.
—Mike Garafolo (@MikeGarafolo) March 18, 2022
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