As reported, Cox would have $18 million fully guaranteed at 4 PM today had the post-June designation not been made, which would have meant the potential $41 million in dead cap would have hit. Instead, the designation means that the Eagles will only have to eat up $12.9 million in dead money.
Cox had signed a 6 year, $102 million contract with the Philadelphia Eagles back in 2016. He has made six Pro-Bowls, one All-Pro, and was on the 2010’s NFL All-Decade team.
While the move means that Cox can listen to other offers around the NFL, it is reported that the team is looking to bring him back on a re-worked deal. Time will tell if the six-time Pro Bowler will return to Philadelphia, chase a championship, or look for the biggest available contract.
Initially, it was thought the Eagles would only save close to $2 million in cap space but after further clarification, it looks as though the team will save roughly $16 million much to the delight of Philadelphia fans.
More news to follow as it is reported.