New Falcons general manager Terry Fontenot and the new front office have left the possibility of a Julio Jones departure by not restructuring his contract and converting unguaranteed money (base salary) into guaranteed money (prorated signing bonus). More guaranteed money means more dead cap on a player’s contract, making it harder to financially move on from them. The Falcons did not make that commitment to Jones.
Teams are allowed to designate up to two players as a post-June 1st cut, and the Eagles have already designated Alshon Jeffery and Malik Jackson. They’re projected to have $4.9 mil in cap space locked up on their top-51 players, eighth-lowest in the NFL. With a lack of cap space and a purge of aging, declining veterans already starting, the team will proceed with cutting Zach Ertz and saving almost $5 million in cap space.