The two sides are working on a one-year extension for the would-be 2022 free agent. The new deal will be worth close to $20 million over the next two seasons, sources say. Graham was originally due to make $13 million this season with a cap hit of approximately $17.9 million.
The Eagles entered Monday projected to be about $18 million over the cap. They need to be cap compliant by 4 p.m. ET on Wednesday, when the new league year begins. They have made multiple moves toward that end in recent days. Philadelphia released receiver DeSean Jackson and restructured several veteran contracts beyond Graham’s, including those of cornerback Darius Slay and center Jason Kelce. More moves are expected, including trading tight end Zach Ertz and moving on from wideout Alshon Jeffery.
Graham, 32, is entering his 12th NFL season — all with the Eagles. A team leader and one of the heroes of Philadelphia’s Super Bowl LII win over the New England Patriots, Graham made his first Pro Bowl in 2020 after recording eight sacks, 16 quarterback hits and two forced fumbles.