Eagles Cap Bookkeeping: Jordan Davis at 3 Years/$45M, Jalen Carter's Mega-Deal, and the Saquon Extension Howie Started

The Miami Dolphins spent Monday gutting their roster to get under the salary cap. The Eagles will not need anything that drastic. Philadelphia is projected to be under the cap heading into free agency, which means no fire sales, no panic releases, no wholesale teardown. But the bookkeeping decisions the Eagles make this offseason — particularly around their defensive tackle room and existing contracts — will define the roster for years to come.

Jordan Davis: Three Years, $45 Million

Jordan Davis is extension-eligible after the Eagles picked up his fifth-year option, and the contract projection might surprise you: approximately three years, $45 million with around $30 million guaranteed. That is roughly $15 million per year for one of the best run-stuffing nose tackles in football. Sounds low? Welcome to the economics of being a two-down defensive tackle.

The NFL pays pass rushers. It does not pay run stoppers at the same rate, regardless of how dominant they are in their role. The comparable contracts tell the story. Travis Jones in Baltimore signed for three years, $40 million with $25.75 million guaranteed. Grady Jarrett was at $14.5 million per year. DJ Reader at $11 million. The elite interior defensive lineman money — Chris Jones at $31 million, Milton Williams at $26 million, Quinnen Williams at $24 million — goes to three-technique pass rushers who play on every down.

Davis had a tremendous 2025 season after getting in the best shape of his career. But his role is his role. When the Eagles are healthy, their third-down defensive tackles are Jalen Carter and Moro Ojomo. Davis comes off the field in obvious passing situations. That is not a criticism — it is just the reality of how he is deployed, and it is why nose tackles do not get three-technique money.

Could Davis bet on himself and play out the fifth-year option? Absolutely. But the risk is significant. One injury and the leverage shifts entirely. The smart money says the Eagles and Davis find common ground this offseason at a number that reflects top-of-market for his position — which is $15 million per year, not $20 million.

Jalen Carter: The Health Question Worth $30 Million Per Year

If the doctors clear Jalen Carter's shoulder completely, he is going to break the bank. The projection: $28 to $30 million per year with close to $60 million in full guarantees. That would slot him above Milton Williams — the second-highest paid interior defensive lineman — and just below Chris Jones, whose $60 million fully guaranteed is the current record for the position.

The caveat is enormous. Carter dealt with shoulder issues throughout 2025 that visibly limited him compared to his dominant 2024 season. There is a real question about whether the shoulder problem is degenerative — potentially exacerbated by the Eagles playing him an enormous snap count. If the medical evaluation comes back with any concerns about long-term durability, the Eagles should pump the brakes and use the fifth-year option as a placeholder, exactly as they did with Davis.

Beyond the health, there is the maturity factor. Carter had some on-field moments in 2025 that the organization wants to see cleaned up. The Eagles used the fifth-year option with Davis as both a placeholder and a motivational tool — get in shape, show us you are committed. A similar approach with Carter could involve the message: be a professional, take care of your body, and the money will come.

The Saquon Extension Howie Started

Perhaps the most fascinating bookkeeping revelation is that Howie Roseman initiated the Saquon Barkley contract extension after the record-setting 2024 season. That extension kicked the financial obligations to 2027 and beyond, which looked brilliant in the afterglow of 2,000 yards and a Super Bowl. It looks considerably less brilliant after the 2025 season, where the offensive scheme change and general regression left the Eagles potentially stuck with an aging running back on a deal they did not need to do.

Without the extension, the Eagles would have had a clean decision point after 2025 — keep him or move on. Instead, they are now committed through 2027 with real money. If the offense shifts back to a wide-zone scheme that demands a different style of running back, that extension becomes even more problematic. It was a move driven by emotion after a historic season rather than cold-eyed business calculation.

The Smaller Moves

Michael Carter is the most likely cap casualty — his $10.25 million cap hit with only $1.3 million in dead cap makes it an easy decision, especially with younger players like Brandon Johnson emerging in a similar role. Jake Elliott and his 74.1% field goal percentage last season — including a dismal 50% from 50-plus yards — is a ticking clock, but the contract structure means he likely gets one more year with competition brought in during training camp.

The Eagles do not need a Miami-style teardown. But the decisions on Davis, Carter, and the existing cap obligations from extensions like Barkley and Cam Jurgens will determine whether Howie Roseman has the flexibility to make the big-game splash at edge rusher that this roster desperately needs. The bookkeeping is not glamorous. But it is where championships are quietly won or lost.