New York Daily New's Manish Mehta reports DeSean Jackson is unwilling to restructure the $10.5 million he is scheduled to make in 2014.
Manish added a source told him, "Philly is trading him or cutting him. That's a fact. They don't want him." Cutting Jackson would save the Eagles around $6 million against the cap this season and, more importantly, about $11 million against the 2015 cap. The Eagles would obviously much rather trade Jackson, but his unwillingness to restructure and the Eagles' intention to cut him make a trade unlikely. The Jets and Panthers would lead the chase if/when Jackson is released.
If DeSean gets cut, it'll be a situation similar to Smitty's where he can take less money because his old team will still be paying him too. Maybe that's why Gettleman is slowplaying this (like everything else).