Prior to last week’s Saquon Barkley signing, it had been a while since the Eagles sprang for an upper-echelon running back contract. The team did pay up for DeMarco Murray in 2015, but that came during the year Howie Roseman found himself demoted in favor of Chip Kelly. The most recent Roseman-directed RB payment of note came in 2012, when the team gave LeSean McCoy a five-year, $45MM extension.
Illustrating where running back value has gone over the past 12 years, the Eagles now have Barkley tied to a three-year, $37.75MM contract. Barkley’s bet on himself at the franchise tag deadline paid off, with the Eagles giving him $26MM fully guaranteed. That tops the Giants’ 2023 offer and will now be tacked onto the $10.1MM he earned on the franchise tag.
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Barkley coming out of this grim RB market on top comes after D’Andre Swift became the first commit during the legal tampering period. The Bears gave the 2023 Eagles starter a three-year, $24MM deal that McLane notes features $15.28MM fully guaranteed. That represents a nice pickup for Swift, who slightly outperformed Miles Sanders‘ 2023 guarantee number ($13MM).
Although the Eagles were not interested in keeping Sanders, they monitored the Swift market. However, the Philadelphia Inquirer’s Jeff McLane indicates the team pivoted as the Swift market moved outside of where it valued the 2023 Pro Bowler.
This meant giving more money to Barkley, but it is clear the Eagles viewed the gap between the two RB talents as wide. The Eagles ranked first in rushing yards before contact last season and 32nd post-contact, per SI.com’s Albert Breer, who notes that played into the team’s decision with Barkley. The two-time Giants Pro Bowler is one of six RBs with over 1,000 yards after contact over the past two seasons. Next Gen Stats ranked Swift in the bottom 10 in terms of rushing yards over expected (minus-65), with McLane adding issues in pass protection were also part of the Eagles’ valuation.
The Eagles also felt the Giants underutilized Barkley in the passing game. Barkley himself expressed this stance around the time of last year’s franchise tag deadline. In the years following Pat Shurmur‘s exit, Barkley did not make a major statistical impact as a receiver. He has not eclipsed 350 receiving yards in a season since 2019. During his 2018 Offensive Rookie of the Year campaign, the former No. 2 overall pick totaled 721 yards through the air. That said, the Eagles have not used backs much in the passing game since committing to Jalen Hurts as their starter. A productive receiver at points in Detroit, Swift totaled just 214 receiving yards in 17 games last season.
Swift, 25, does feature far less wear and tear compared to Barkley, 27; that undoubtedly played into the Bears’ decision to bring in the ex-Lions second-rounder. Swift sits at 593 career carries; Barkley exited 2023 with 1,201. Considering the Eagle rushing attack’s success with talents like Sanders and Swift at the forefront, it will be interesting to see how Barkley fares behind a top-tier offensive line — a luxury he never enjoyed with the Giants.
The Eagles have gone so far as to guarantee a bit of Barkley’s 2026 salary. Although the bulk of Barkley’s final year ($12MM) is nonguaranteed, NFL.com’s Tom Pelissero notes $1.5MM of that amount is locked in at signing. An additional $1MM will become guaranteed that March, giving the Eagles an out window two years down the road.
Their Barkley-based deviation at running back will still make their 2024 and ’25 approaches fascinating. Barkley’s showing on this contract will also be important through a macro lens at a position that has taken a slew of value hits — many coming in 2023 — over the past several years.