well here is the deal from what I understand. sheldon brown and lito sheppard will be the starting corners with the eagles signing or drafting another.
Yea losing vincent and taylor would be huge -- BUT the eagles had to make do without them and dawkins for the better part of the season anyway. and for the most part, pass defense wasn't really the eagle's problem, it was pass rush and run defense. Not as impsing with out troy and bobby sure, but solid enough. now there is a full season (hopefully) with dawkins back there as well, and now a very good pass rush, which should actually help the two cb's.
As far as "shooting the wad" I woudl hasten to add that for the most part, the eagles have been following (or trying to follow) the model based on New England, in fact that had been basically trying that model from before new england did -- which is how they got this cap space to make a move like this in the first place.
Apparently, they still will have on the order of 14 million to spend under the cap if they choose to. So it is hardly like they overextended themsleves. The eagles as much as anywone are very leery of overpaying players -- i mean they let trotter, hugh douglas walk. Now they are poised to let emmons, duce, taylor and vincent walk. This is why, during that one draft when everyone was complaining about drafting all the db's when they had a nasty secondary, they did it I guess. Plan ahead, now they have groomed those two for this eventuality. duce walks, but now they hae buckhalter and westbrook.
If you loojk at the contract mcnabb has it is big on paper, but per season, the cap hit is not really that much considering. I think financially, the eagles organziation has earned the benefit of the doubt. I think given the financial health of the roganziation, mcnabb and kearse won't be as big of an albatross as it may seem. Trust me andy is a cheap stubborn SOB. i really don't think they would have signed this big a name for that much money unless they had a real plan.
As for wr, that is still out there. But now with the feely trade, they have an extra high pick to deal if need be. I really think they will trade for owens. I mean you could draft a wr with your first round pick, or use the extra cap sapce they STILL have and trade maybe your first to san fran this year. i mean what wr is gonna be better right now (which is what they really need anyway). or they could use their new found picks and maybe trade up to get a stud) or use the remaining room to go for jackson perhaps, then use the picks to get another linebacker and corner.
anyway you slice it, if kearse pans out, I think they made some savvy moves here, and eagles fans are increasingly imaptient with the front office. why save all that money to not spend it?