The Philadelphia Eagles officially announced their 2014 NFL roster cuts on Saturday and now the team's roster stands at the maximum-capacity 53-man limit. Roster transactions aren't necessarily done yet, however, as the Eagles can still build a 10-man NFL practice squad starting at 12:00 PM EST today on Sunday, August 31st, 2014.

In a nutshell, the practice squad consists of 10 extra spots for players to practice with an NFL team but not participate in games. The practice squad is useful for a number of reasons. One, it helps teams hold onto developmental players with upside who aren't quite yet deserving of a spot on the 53-man roster. Two, it provides the team with extra bodies in practice. This is especially useful for a head coach like Chip Kelly who loves to practice at a quick pace. The more bodies the better.

Read on for complete details about the practice squad.

Practice squad salary

Practice squad players earn a minimum of $6,300 per week, which totals $107,100 for a 17-week stint. Note that there is no maximum practice squad salary. A team can pay a practice squad player however much they want to entice the player to stay on their practice squad. Practice squad salaries do count against a team's cap space, however.

Eligibility

The NFL and NFLPA agreed to some practice squads eligibility changes.

First, a player must have a minimum of six games – up from the current three games – on a Practice Squad in order for that season to count as one of the player’s three permissible seasons of Practice Squad service.



Second, each club will be permitted to sign a maximum of two Practice Squad players who have earned no more than two accrued seasons of free agency credit. Absent this exception, a player who has earned one or more accrued seasons would not be eligible for a Practice Squad unless the player spent fewer than nine games on a club’s 46-player active list in each of his accrued seasons.



All other practice squad rules under Article 33 of the 2011 Collective Bargaining Agreement will remain in effect during the 2014 and 2015 seasons.



(Article 33: The Practice Squad shall consist of the following players, provided that they have not served more than two previous seasons on a Practice Squad: (i) players who do not have an Accrued Season of NFL experience; and (ii) free agent players who were on the Active List for fewer than nine regular season games during their only Accrued Season(s). An otherwise eligible player may be a Practice Squad player for a third season only if the Club by which he is employed that season has at least 53 players on its Active/Inactive List during the entire period of his employment.)

Who will be on the Eagles practice squad?

These recently released Eagles players are all practice squad eligible (h/t Sam Lynch):

Ed Reynolds, Henry Josey, Quron Pratt, Josh Andrews, Kevin Graf, G.J. Kinne, Matthew Tucker, Wade Keliikipi, B.J. Cunningham, Will Murphy, Ifeanyi Momah, Michael Bamiro, Joe Kruger, Alejandro Villanueva, Josh Kaddu, Emmanuel Acho, Keelan Johnson, Davon Morgan

Eligible for the two 2-year veteran practice squad spots:

Kenjon Barner, Damaris Johnson, Damion Square, Jake Knott (four game suspension)

The Eagles can and probably will also look outside of their own former players to add to their practice squad.

Practice squad rules