Such a scenario has been raised recently, meaning the move does not come as a complete surprise. Eyeing one more year in the NFL, Slay will now need to find a new home for the second time in his career. Schefter notes this will be processed as a post-June 1 cut.
As a result, the Eagles will see $4.32M in cap savings while generating a dead money charge of $9.44M which can be spread across two years. No guaranteed salary remained on Slay’s pact for 2025, the final year of the deal. By moving on this offseason, Philadelphia will avoid paying out an option bonus of roughly $5M which was due on September 1. Slay will officially become a free agent at the start of the new league year.
A seven-year stint with the Lions ended in 2020 when Slay was traded to the Eagles. He was a stalwart in the secondary during his time in Philadelphia, collecting three of his six Pro Bowl nods during that span. Of course, Slay’s tenure with the team will be best remembered for the two Super Bowl appearances – including one title – he played a central role in.
Slay’s time with the Eagles appeared to be coming to an end in 2023, but an agreement was reached allowing him to remain in the fold. The former All-Pro racked up between one and three interceptions during each of his first four Philadelphia campaigns, but he was held without one during the regular season in 2024. Slay was nevertheless a key figure on the Eagles’ run to the Super Bowl. Still, the decision to use first- and second-round picks on the CB position in last year’s draft (Quinyon Mitchell, Cooper DeJean) foreshadowed a parting of ways.
While Fox Sports’ Jordan Schultz notes an Eagles reunion (at a reduced cost compared to the $16M Slay was owed for 2025) could be in play, the team has other young options to turn to. Mitchell, DeJean and Kelee Ringo are all attached to their rookie contracts while Isaiah Rodgers is a pending free agent but retaining him on a low-cost deal could be a priority for Philadelphia. As the team continues to transition to a younger secondary, Slay should still have a notable market.
Any number of suitors will pursue starting-caliber options at the cornerback position, and even at the age of 34 Slay could serve as an effective one-year rental. The Mississippi State product preferred to finish his career with the Eagles, but he recently noted a return to the Lions represented his next-best scenario. Carlton Davis is a pending free agent, and losing him would leave Detroit in need of a first-team replacement.
Failing that, other teams could emerge especially since Slay will be available on a one-year pact (provided he intends to stick to his stated timeline of retiring after the 2025 campaign). It will be interesting to see where his final NFL campaign takes place.