OverTheCap<\/a>:<\/p>\n\u2022 The $12 million is fully guaranteed but Woolen, as expected, has a somewhat minimal cap hit in 2026.<\/p>\n
\u2022 Woolen\u2019s cap hit this season is $3.408 million but he will leave $8.592 in dead cap space for the 2024 season.<\/p>\n
\u2022 For this season, Woolen got a $6 million signing bonus and has a $6 million base salary that is being manipulated for cap purposes.<\/p>\n
\u2022 The Eagles achieved the low cap hit by tacking on four void years to this one-year contract \u2014 which is something they do often. But according to OTC, the Eagles also used the 50% rule to prorate another $4.74 million in salary over the length of the five years (including the four void years). That creates a prorated bonus of $2.148 million in each season.<\/p>\n
\u2022 Based on his $12 million salary, Woolen is tied as the 26th highest-paid cornerback in the NFL. For perspective, the Eagles have two All-Pro cornerbacks on their rookie deals. Quinyon Mitchell\u2019s APY is just over $3.7 million and Cooper DeJean\u2019s is just over $2.32 million.<\/p>\n
\u2022 Another Eagles DB contract note: We learned during the week that the Eagles restructured the contract of Michael Carter II. His cap hit was set to be $10.1 million in 2026 with a massive base salary. The Eagles have essentially turned this into a one-year deal worth $2.765 million, per OTC. Carter\u2019s cap hit in 2026 is just $1.42 million and he\u2019ll leave $820,000 in dead cap space in 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"The Eagles officially signed cornerback Riq Woolen to a contract this week and now we have the specifics…\n","protected":false},"author":2,"featured_media":811979,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2068],"tags":[25,1537,7,6,242,109,2476],"class_list":{"0":"post-811978","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-philadelphia-eagles","8":"tag-eagles","9":"tag-eagles-news","10":"tag-football","11":"tag-nfl","12":"tag-philadelphia","13":"tag-philadelphia-eagles","14":"tag-philadelphiaeagles"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@nfl\/116227933816541071","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/posts\/811978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/comments?post=811978"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/posts\/811978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/media\/811979"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/media?parent=811978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/categories?post=811978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nfl\/wp-json\/wp\/v2\/tags?post=811978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}