Philadelphia Eagles sign WR Danny Gray

Danny Gray's signing earns a C+ Contract Value Index (CVI)—a middling value proposition that reflects modest upside constrained by execution risk and depth-piece economics. At $1.06M AAV on a $2.125M total commitment, this is a low-cost acquisition typical of reserve receiver depth, the kind of deal that costs almost nothing against the salary cap but also demands very little from the player in terms of early-season performance expectations. Gray slots into a below-average production tier for a wideout, making this a replacement-level addition rather than a targeted skill upgrade; the Eagles are essentially gambling on development or a practice-squad-to-contributor narrative at minimal financial exposure. The value equation hinges entirely on whether Gray can outperform his current tier and justify rotation snaps—if he remains a depth piece, the CVI reflects fair-market terms; if he surfaces as a viable contributor, the deal becomes a steal. The risk is baked into the contract structure itself: a one-year, fully disposable commitment with no dead-cap consequence, meaning the Eagles lose nothing by cutting him if he underperforms. This is the kind of low-stakes flyer that front offices use to fill roster spots during the offseason without tying their hands; it's neither a vote of confidence nor a red flag, just disciplined cap management.