This move continues the Eagles' strategy of securing core players early on to avoid future price increases.

The terms of Smith's contract extension, which ties him to the team until the 2028 season, were not disclosed, but sources indicate that Smith is guaranteed $51 million. This hefty amount reflects the team's confidence in the productive player who has amassed 2,262 receiving yards and 14 touchdowns in the past two seasons. Additionally, Smith has displayed durability, having missed only one game due to injury since joining the Eagles as the 10th overall pick in the 2021 draft.

Apart from his on-field contributions, Smith is also emerging as a leader and tone-setter for the team. With the departure of key veterans like center Jason Kelce and defensive tackle Fletcher Cox during the offseason, the Eagles rely on Smith's leadership qualities to fill the void.

The addition of Smith's contract extension now places the Eagles in a unique position, with two of the highest-paid receivers in the league. Smith joins A.J. Brown, making the Eagles the only team with two receivers ranked in the top 10 in total value and average annual salary, according to Spotrac. Both players have contracts averaging $25 million per season, placing them behind only the likes of Tyreek Hill, Davante Adams, and Cooper Kupp.

Looking ahead, the financial implications of these contracts are noteworthy. Brown's projected cap number in 2025 stands at $26.5 million, currently the highest on the team. While the financial situation appears manageable for now, Brown's cap number more than doubles next year, and Smith's fifth-year option in 2025 will see him earn around $16 million. The Eagles will need to carefully strategize their payroll and may even consider restructuring contracts to avoid potential financial constraints in the future.

Another factor that impacts the team dynamics is the recent acquisition of running back Saquon Barkley. With an annual contract of $37.75 million over three years, the Eagles went against their usual approach of focusing primarily on their passing game. Barkley's versatility as a receiver played a significant role in the team's decision to invest in him. In seasons where he has played at least 13 games, Barkley has averaged 77 receiving targets.

Head Coach Nick Sirianni has emphasized that the offense primarily revolves around Smith, Brown, and tight end Dallas Goedert. Last season, this trio accounted for 67 percent of the team's targets, receiving a combined 353. However, with Barkley's presence, the dynamic may shift. Barkley's receiving ability and potential as a three-down back offer a new dimension to the Eagles' offense. While he is expected to receive more opportunities, managing the playing time and distribution of touches among the highly paid trio of Smith, Brown, and Barkley will be a challenge for the coaching staff.

Sirianni expressed the importance of building a strong connection and team chemistry, highlighting the need for everyone to be supportive and excited for each other's success. As the season unfolds, it will be intriguing to see how the Eagles navigate this situation and ensure a balanced and efficient offense that maximizes the skills of their star players.

In securing DeVonta Smith with a substantial contract extension, the Philadelphia Eagles have demonstrated their commitment to building a competitive team and maintaining financial stability. Time will tell whether this strategy pays off and if the Eagles can find a successful balance among their highly paid offensive weapons.