The NFL salary cap for the upcoming season is now set, as Judy Battista of NFL.com is reporting the number has come in at $167 million.
That number is actually a little lower than many projected, but is around $12 million more than the $155 million salary cap for the 2016 season.
For the Eagles, who are expected to make a run at both receiver Kenny Stills and Alshon Jeffery, the news will have an impact on their ability to sign free agents.
Here is an updated look at how the decision to keep Peters at the same price will impact the team's salary cap:
Cap: $167 million
Roll Over: According to the NFLPA, the Eagles are set to roll over $7.9 million in cap space from the 2016 season to the 2017 offseason.
Dead Money: The Eagles have $7 million in dead money on their books -- $5.5 million from Sam Bradford, $904,000 from Eric Rowe and now $250,000 from McKelvin, among other players.
Contracts: The Eagles currently have $155 million in committed contracts for the 2017 season. They can release players to lower that number, but as of now, they enter the offseason with $158 million committed to next season.
Latest Eagles' 7-Round Mock Draft
Cap Space: Using $167 million as the NFL cap, the Eagles have around $14.2 million in cap space ($167 million cap - $155 million in contracts - $6.8 million in dead money + $7.9 million in carry over)
Rookies: The Eagles will have to budget around $5 million for their 2017 rookie class, which comes out of the $14.2 million cap space. That brings the Eagles down to around $9 million.
Free Agents: The following players are set to become free agents: LB Stephen Tulloch, CB Nolan Carroll, OL Stefen Wisniewski, DE Bryan Braman, DL Bennie Logan, LB Najee Goode, S Jaylen Watkins, RB Kenjon Barner, TE Trey BurtonWhat Eagles need to accomplish at NFL Combine
Biggest Cap Hits: The top five cap hits for next season are OT Jason Peters($11.2 million), OT Lane Johnson ($10 million), DE Fletcher Cox ($9.4 million), DE Vinny Curry ($9 million) and DE Connor Barwin ($8.3 million)
Possible Cap Casualties:
Connor Barwin: Cutting Barwin would save $7.75 million, leave $600,000 in dead cap
Ryan Mathews: Cutting Mathews would save $4 million, leave $1 million in dead cap
Darren Sproles: Cutting Sproles would save $4 million, leave $0 in dead capTHE NO-HUDDLE SHOW: Stay or go? Peters, Sproles and others Subscribe to the podcast on iTunes, Stitcher, Google Play, Soundcloud or iHeartRadio.
Eliot Shorr-Parks may be reached at firstname.lastname@example.org. Follow him on Twitter @EliotShorrParks. Find NJ.com Eagles on Facebook.
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