Michael GinnittiFebruary 28, 2025

Since the ratification of the 2020 CBA, NFL 1st Rd 5th-Year option values have been tied to Playing Time & Pro Bowl selections. We'll take a run down the entire first round, making note of the player's status in terms of 3-year playing time (see below), any (initial) Pro Bowl selections, & a projected cost for their 2026 option salary. All 5th-year options must be decided by May 2025. Per this latest CBA, the salary becomes fully guaranteed as soon as it's exercised.

TIER 1: A player is selected to two or more Pro Bowls. The 5th-Year Option price is the same as the franchise tag salary at their position from the previous year.

TIER 2: A player is selected to one Pro Bowl. The 5th-Year Option price is the same amount as the transition tag salary from the previous year.

TIER 3: A player takes 75% of the team’s offensive or defensive snaps in 2 of their first 3 seasons, OR 50% of the snaps played in each of the 3 seasons, OR a 75% average over all three seasons. The 5th-Year Option price is the 5-year average of the 3rd-20th highest paid players at their position.

TIER 4: A player does not meet any of the above criteria. The 5th-Year Option price is the 5-year average of the 3rd-25th highest paid players at their position.

Pick Team Player POS Status 2026 Option Salary
1 JAX Travon Walker OLB Tier 3 $14,751,000
2 DET Aidan Hutchinson DE Tier 2 $19,872,000
3 HOU Derek Stingley Jr. CB Tier 2 $17,595,000
4 NYJ Ahmad Gardner CB Tier 1 $20,187,000
5 NYG Kayvon Thibodeaux OLB Tier 3 $14,751,000
6 CAR Ikem Ekwonu LT Tier 3 $17,560,000
7 NYG Evan Neal T Tier 4 $16,685,000
8 ATL Drake London WR Tier 3 $16,817,000
9 SEA Charles Cross T Tier 3 $17,560,000
10 NYJ Garrett Wilson WR Tier 3 $16,817,000
11 NO Chris Olave WR Tier 4 $15,493,000
12 DET Jameson Williams WR Tier 4 $15,493,000
13 PHI Jordan Davis DT Tier 4 $12,938,000
14 BAL Kyle Hamilton S Tier 1 $18,601,000
15 HOU Kenyon Green T Tier 4 $16,685,000
16 PHI Jahan Dotson WR Tier 3 $16,817,000
17 LAC Zion Johnson G Tier 3 $17,560,000
18 TEN Treylon Burks WR Tier 4 $15,493,000
19 NO Trevor Penning RT Tier 4 $16,685,000
20 PHI Kenny Pickett QB Tier 4 $22,117,000
21 KC Trent McDuffie CB Tier 3 $13,632,000
22 GB Quay Walker LB Tier 3 $14,751,000
23 BUF Kaiir Elam CB Tier 4 $12,682,000
24 DAL Tyler Smith G Tier 2 $21,271,000
25 BAL Tyler Linderbaum C Tier 1 $23,402,000
26 NYJ Jermaine Johnson DE Tier 4 $13,922,000
27 JAX Devin Lloyd LB Tier 3 $14,751,000
28 GB Devonte Wyatt DT Tier 4 $12,938,000
29 NE Cole Strange G Tier 4 $16,685,000
30 KC George Karlaftis DE Tier 3 $15,196,000
31 CIN Daxton Hill S Tier 4 $9,267,000
32 MIN Lewis Cine S N/A Released


RELATED
:
2022 NFL Draft Tracker



Michael GinnittiFebruary 27, 2025

The Kansas City Chiefs appear poised to place a $23.4M franchise tag on pending free agent guard Trey Smith. This figure usurps Landon Dickerson's current $21M APY as tops among guards, setting Smith up to sign a record-setting multi-year extension this offseason. The deadline to extend tagged players is July 15th (even if the player is traded in the meantime).

The Chiefs enter March with around $8M of Top 51 cap space, so they'll have work to do to fit in this tag figure alone.

Michael GinnittiFebruary 27, 2025

The NFL has announced that the 2025 Salary Cap will be set at $279.2M, a 9.32% increase ($23.8M) over last year's number. 

Related Links:
2025 Team Salary Cap Tracker
NFL Cap History

Michael GinnittiFebruary 26, 2025

While nothing can become officially-official until the 2025 league year begins on March 12th, trade rumors across the NFL have already begun to heat up. Spotrac has identified a potential trade target from each NFL team in the coming weeks and months.

RELATED:
2025 NFL SALARY CAPS

Arizona Cardinals

RT Jonah Williams

Williams battled multiple knee injuries in 2024 and likely still isn’t 100% heading toward the 2025 league year. With that said, he’s an experienced book-end tackle that could be seen as a strong “fill-in” per his 1 year, $12.8M remaining contract. Arizona has a continued need to bolster their offensive line with this upcoming draft.

Atlanta Falcons

TE Kyle Pitts

Probably not enough meat on the bone to really attract a suitor, but Pitts has started to right the ship at least a little bit the past two seasons. He’s fully guaranteed on a $10.8M 5th-year-option through 2025 before free agency awaits in 2026. If the Falcons are willing to retain a portion of that salary, there may be a chance to snag a conditional draft pick this spring.

Baltimore Ravens

CB Marlon Humphrey

One of the NFL’s best slot corners has 2 years, $37.2M remaining on his contract, but has already voiced a desire to solidify a new deal that includes guarantees. With big deals forthcoming for S Kyle Hamilton & (likely) OT Ronnie Stanley this offseason, to name a few, Humphrey’s request might be too rich for Baltimore to grant. The Ravens can free up $8.7M of cap space by trading Humphrey this spring.

Buffalo Bills

DE Greg Rousseau

The Bills have 6 legitimate extension candidates this offseason, most of which will enter 2025 on expiring contracts. Rousseau, a 2021 1st Rounder, has compiled 25 sacks in his first 60+ NFL games, so there’s certainly a case to be made to keep him around long-term. However, the going rate for even a slightly above average edge rusher now starts at around $25M per year (especially with Micah Parsons and co. largely expected to push towards $40M per year in the coming months). The Bills may simply be priced out here, and if they feel as though they can replace him via trade/draft this spring, moving off of Rousseau’s $13.3M fully guaranteed salary makes some sense here.

Carolina Panthers

CB Jaycee Horn

Horn’s young career has been decimated by injuries, but he put together his most complete season to date in 2024. It appears as though the Panthers are motivated to extend the former #8 overall pick from 2021, but if he’s seeking top of the market money ($25M per year), those discussions could quickly fall apart, making Horn one of the more interesting trade candidates this spring. The 25-year-old holds a fully guaranteed $12.4M 5th-year-option salary in 2025. Carolina may need to approach $20M per year to keep him around.

Chicago Bears

RB D'Andre Swift

There’s a world where new HC Ben Johnson comes in excited to reconnect with Swift from his time in Detroit. There’s also a world where new HC Ben Johnson knows that Swift’s limitations might not make for the best-case scenario for this 2025 Bears’ offense under his tutelage. It’s a phenomenal year to draft a running back, so teams may be reluctant to give up draft capital for an $8M Swift ($6.1M of which is already fully guaranteed), but it only takes one team.

Cincinnati Bengals

WR Tee Higgins

The Bengals haven’t officially offered a 2nd franchise tag to Higgins just yet, but when they do (valued at $26,179,200), he’ll immediately become their top trade candidate. The last time a WR was tagged & trade prior to signing his 2nd contract was Jarvis Landry back in 2018. The Browns gave Miami a 4th and 7th round pick, then extended Landry out 5 years, $75.5M. It’ll take quite a bit more to pull Higgins out of Cincinnati in 2025, and quite a bit more to get him under contract long-term as well (currently projecting toward a 4 year, $120M contract).

Cleveland Browns

DE Myles Garrett

They say they won’t, but the player and a plethora of offers probably pressure Cleveland into making this move when it’s all said and done. Not to mention, the draft compensation that can ultimately be secured here will go a long way in helping repair the damage that the Deshaun Watson trade/signing has and will continue to do to the franchise. Garrett has 2 year, $44.8M remaining on his current contract, but is working his way toward a renegotiation that should start at around $35M per year. A 4 year, $150M contract with 3 fully guaranteed seasons shouldn’t be out of the question for the 29-year-old (even if he stays).

Dallas Cowboys

CB Trevon Diggs

Diggs is entering Year 3 of a 6 year, $99M total value contract in Dallas and is still trying to recover fully from a 2023 ACL injury. He’s a largely productive/impactful player when available, and the Cowboys don’t currently have a viable replacement on the books - but this is a Dallas team that desperately needs to rebuild through the offensive and defensive trenches this offseason. A Diggs trade can provide both cap/cash relief (only $1.5M of cap saved), and additional draft compensation. An acquiring team would essentially be bringing in Diggs on a 1 year, $10M contract as none of his 2026-2028 compensation is guaranteed.

Denver Broncos

DE John Franklin-Myers

The 28-year-old posted 40 tackles and 7 sacks in arguably his most productive NFL season to date. But the Broncos have identified a few studs on their D-Line/Edge, and both Zach Allen & Nik Bonitto are going to need new compensation in the coming months. Denver is likely to move on from Franklin-Myers this March one way or another, but it seems reasonable that they may be able to secure a draft pick for a 1 year, $8M contract ($1M of which is guaranteed).

Detroit Lions

WR Jameson Williams

The Lions may be hesitant to move on from any key offensive pieces as they usher in life without Ben Johnson, but it also might be the perfect time to sell high on Williams (58 catches, 1,001 yards, 7 TDs in 15 games). Is there a higher ceiling for the almost 24-year-old? Sure. But it’s also a down year both via free agency and the draft at the WR positions. Williams’ rookie deal still contains a fully guaranteed $3M in 2025, with a decision on his 5th-year option due May 1st. An acquiring team will need to give up a small ransom to drive Williams out of Detroit at this stage, but it’s exactly what the Lions might be looking for as their roster gets more and more expensive elsewhere.

Green Bay Packers

CB Jaire Alexander

Teams will probably just force Green Bay to release their former 1st round pick, but there’s an outside chance that someone swoops in with a trade offer to keep him off of the open market. Alexander’s contract holds $37M remaining over the next 2 years, and with none of it guaranteed, an acquiring team can treat this as a 1 year, $17.5M deal until further notice. Injuries have been the big story here, but when healthy - Alexander is still a legitimate starting CB.

Houston Texans

OT Laremy Tunsil

It’s not ideal to give away a 5-time Pro Bowl left tackle when you’re entering Year 3 of a rookie QB contract, but there are enough smart people alluding to this possibility to outright ignore it. Tunsil is entering Year 3 of a 4 year, $93.5M contract in Houston, with 2 years, $42.7M remaining ($10M guaranteed). The 30-year-old will be seeking a new deal sooner rather than later, and the Texans may be looking to reset the clock (and the finances) at this position. Gaining trade value now before decline starts to set in makes some sense (as long as they have a backup plan for 2025 of course). The Texans can free up $13.85M of cap space with an early trade.

Indianapolis Colts

DL DeForest Buckner

The incredibly durable former 1st round pick missed a few weeks in 2024 due to an ankle injury, but also showed he is still producing at a very high level. It’s a VERY strong draft for defensive linemen, and the Colts are in a bit of a give-and-take window with much of their roster right now. Moving Buckner for additional draft assets (and $12.2M of cap space) might make some sense this spring. An acquiring team would be taking on 2 years, $46M, including $23M fully guaranteed in 2025, and another $10M of 2026 salary that locks in next month.

Jacksonville Jaguars

TE Evan Engram

Engram is entering the final season of a 3 year, $41.25M contract in Jacksonville, set to earn a non-guaranteed $15.75M for the upcoming season. It’s likely too rich for an acquiring team (and might be too much for Jacksonville to keep as well), but there have been flashes of major impact over the past 3 seasons. Dropping Engram into a more stable offense (with more consistent QB play) could prove extremely beneficial, even on a 1-year overpay.

Kansas City Chiefs

G Trey Smith

The Chiefs are poised to tag Smith at $23.4M in order to keep him off of the open market this March. The number represents the highest per year allocation ever given to a guard (Landon Dickerson, $21M APY), setting up Smith for a record-setting extension somewhere this offseason. KC could very well now dangle Smith on the trade market this March, hoping to secure more compensation than they would have received via a compensatory pick next spring. The deadline to extend a tagged player to a multi-year contract is July 15th. Smith is now likely staring down a 5 year, $110M contract foundation.

CB Jaylen Watson

Watson started 6 games at RCB for Kansas City before breaking his leg and ending his season. The Chiefs have a lot of mouths to feed each of this and next offseason, including Watson’s counterpart CB Trent McDuffie, who is largely expected to help reset the market at the position in the coming months. Watson’s salary escalated to over $3.2M in 2025 thanks to a Proven Performance Bonus, and the 26-year-old is slated for free agency after the upcoming season. This might be one of those tougher moves that contending teams have to make before they want to make it to squeeze a little draft value out of a situation.

Las Vegas Raiders

WR Jakobi Meyers

Has Meyers been good stats on bad team guy for the past couple of seasons, or is he a legitimately talented, often undervalued player that just needs a better offense around him to be truly exposed. The Raiders have a lot of directions they can go in over the next few months, but with 28-year-old Meyers on an expiring 1 year, $11M contract (non-guaranteed), flipping him for additional draft capital probably makes some sense.

Los Angeles Chargers

G Trey Pipkins

The Chargers moved Pipkins inside to guard A) because they had a hole there, and B) to accommodate newly drafted OT Joe Alt. The move inside didn’t go particularly well for Pipkins, who now enters 2025 on a non-guaranteed 1 year, $6.75M deal. There are more than a few teams looking for short-term options at tackle this March, and Pipkins could very well be in those conversations.

Los Angeles Rams

QB Matthew Stafford

Is this a real request, or a “we don’t really want to overpay you but we will if we have to” request? More than a few teams have already reached out to the Rams about the possibility of acquiring Stafford (at least that’s what Stafford’s agents are leading us to believe in order to continue to drive his extension price up). Here’s the reality: Stafford did the Rams a huge favor when he A) didn't immediately require an extension upon his trade there from Detroit. B) Signed for “only” $40M per year after leading them to a Super Bowl victory in his first season. Should the Rams be back-paying their QB1 to account for what he left on the table? No - but they should be handsomely rewarding their still top-rated, 37-year-old QB who is leading a young, inexpensive team into playoff content annually. There are plenty of ways to make a 2 year, $100M extension work in an NFL salary cap world. LA’s going to need to find a way to do that, or else someone will.

WR Cooper Kupp

The 31-year-old has been told to seek out a trade this winter, furthering the narrative that his time in LA is likely coming to an end. Kupp has 2 years, $39.85M remaining on his contract, including $5M fully guaranteed for the upcoming season. The Rams may need to eat a portion of the $7.5M bonus due on March 16th to facilitate a trade, but could also just outright release Kupp at the start of the league year, taking on $22.2M of dead cap, freeing up $7.5M of space.

G Jonah Jackson

The Rams have given Jackson permission to seek a trade this spring, despite signing him to a 3 year, $51M free agent contract last March. The deal contains 2 years, $26M remaining, including $9M that becomes fully guaranteed on March 14th. The Rams would take on $11.3M of dead cap per this move, freeing up $3.3M of space.

Miami Dolphins

WR Tyreek Hill

The Dolphins have already trimmed a few veterans from their roster as they work to become cap-compliant in March, but this offseason is about making an expensive football team more competitive in the AFC as well. Hill still has separation, speed, and a ton of ability - but for one reason or another, wasn’t given a lot of opportunities to put that on display in 2024 within this Miami offense. If a team or two is willing to overpay a bit on the trade market, the Dolphins seem open to having someone else take on the $28M+ owed to Hill in 2025 (even if a Pre 6/1 trade only frees up $401,250 of cap space).

Minnesota Vikings

NB Josh Metellus

If the plan is to bring back Byron Murphy this spring, there’s a significant chance that the Vikings look to get off of the $3.775M remaining on Metellus’ contract. The 27-year-old could easily slot into a starting spot elsewhere, and with a weak free agency class in the secondary this March, could draw trade interest from needy teams. Minnesota can free up $5.5M of cap by moving on.

New England Patriots

DT Davon Godchaux

The 30-year-old has been granted permission to seek out a trade this March, just 8 months after locking in a 3 year, $26.3M contract in New England. The deal contains 2 years, $13.5M remaining, including $5M fully guaranteed for the upcoming season.

QB Joe Milton III

Yep, we’re going there. It’s a weird QB year from a lot of angles, but there are still plenty of teams who at least want to “consider” changing things up in 2025. Milton’s sample size is about as large as yours or mine, but there’s plenty of proof of concept from his college days at Michigan/Tennessee to understand what kind of ceiling we could be dealing with here. The 6th round pick last year holds a 3 year, $3.2M non-guaranteed contract through 2027.

New Orleans Saints

None.

Every contract even worth a small consideration for trade is currently carrying more dead cap than actual cap in 2025. And the Saints are currently -$50M in terms of Top 51 cap space heading toward March. If a trade is to happen, it’ll come after June 1st when most of the dust has settled with the slight SLIGHT exception of QB Derek Carr. The Saints can free up $11M of space by trading card in the coming weeks. But with a total of $40M practically guaranteed for the upcoming season, and plenty of other QB options set to become available, it’s a highly unlikely outcome.

New York Giants

LB Micah McFadden

McFadden quietly had a career year opposite Bobby Okereke in the middle of the Giants’ defense. He’s entering a contract year in 2025, set to earn $3.2M thanks to a Proven Performance Bonus. With Okereke accounting for $9M cash this coming season, NY may simply want to give a more inexpensive player a chance to develop into the role going forward.

New York Jets

RB Breece Hall

The Jets have a nice setup at the running back position with Hall, Braelon Allen, & Isaiah Davis - the latter two of which are under contract through 2027 on rookie deals. Hall is entering a contract year, and has salary escalated north of $3.2M thanks to a proven performance bonus. If he’s not in the Jets’ long-term plans, trying to find trade value this offseason makes sense.

Philadelphia Eagles

WR Jahan Dotson

Probably wishful-thinking here but the Eagles would probably love to have a portion of the 3rd & 2 7th round picks that they set to Washington to secure Dotson back. Was he the most ineffective WR3 in football last season? No, but the Eagles are certain to decline his 5th year option for 2026 this May, putting him on a 1 year, $2.75M fully guaranteed contract. It’s possible that Philly can find a team to swap a late round pick for a flier at that price.

Pittsburgh Steelers

WR George Pickens

The Steelers don’t have anything close to a viable replacement for Pickens in their system (yet), but it still feels as though a divorce could be imminent. Despite some internal struggles, Pickens has been largely productive (as per usual with Steelers WRs drafted in the 2nd or 3rd round). It stands to reason that Pittsburgh can shop the nearly 24-year-old this March, and use the compensation they receive to draft his replacement in April.

San Francisco 49ers

DE Leonard Floyd

If you’re wondering why this didn’t say Deebo Samuel, we’re just following the money here. The 49ers would LOSE $15.12M of cap space by trading Deebo before June 1st. He’s a release candidate until he’s not this March.

Floyd posted 9 sacks in 2024 and has averaged 10 sacks per year over the last 5 seasons. He’s also bounced around quite a bit, and is largely expected to play elsewhere in 2025 as well. With a non-guaranteed $7.95M remaining on this contract (plus incentives) it stands to reason that a cap-loaded team could find use for a player that has reached the QB so consistently throughout his career.

Seattle Seahawks

S Rayshawn Jenkins

The Seahawks have given the 31-year-old permission to seek a trade this offseason. He holds 1 year, $5.4M non-guaranteed remaining on his contract, and compiled 52 tackles, 2 sacks in 13 games last season.

WR D.K. Metcalf

With Tyler Lockett certain to fall off of this roster in 2025 (at least under his current contract) it might seem reckless to consider the Seahawks moving on from Metcalf as well. But the 27-year-old is entering a contract year in 2025, set to earn $18M (non-guaranteed). He’s in the market for a $30M+ per year extension, and if Seattle is looking to reset the clock here, and give a larger role to Jaxon Smith-Njigba, there’s likely a hefty trade package to be had by shipping Metcalf out this March.

Tampa Bay Buccaneers

RB Rachaad White

A 3rd round pick back in 2022, White was on track to be the primary back for this franchise after a stellar 2023 (1,500 yards from scrimmage, 9 TDs). The 5-tool player is entering a contract year in 2025, set to earn $3.2M thanks to a proven performance bonus. With Bucky Irving clearly in the driver’s seat going forward (and less expensive), there’s a team or two willing to listen on upgrading their RB-room with a versatile weapon such as White.

Tennessee Titans

OLB Harold Landry

The 2nd rounder out of Boston College is entering Year 4 of a 5 year, $87.5M total value contract in Tennessee and has reportedly been given the opportunity to seek a trade this March. The contract carries 2 years, $35M remaining, none of which is guaranteed, and Landry is coming off of a 9 sack, 71 tackle season for the Titans. There’s a multi-draft pick offer or two out there - especially if Landry doesn’t immediately require an updated contract.

Washington Commanders

DL Jonathan Allen

A #17 overall pick back in 2017, Allen is the longest-tenured member of this Commanders franchise not-named Tress Way, but that could be coming to an end in the next few weeks. The 30-year-old is entering a contract year in 2025, set to earn $16.3M against a $22.3M cap hit, and Washington has given his team permission to seek out a trade this March. With just $6M of dead cap on the books, Washington can free up (even more) significant cap space for league year.

 

Michael GinnittiFebruary 26, 2025

The Buffalo Bills made the first big splash of the 2025 offseason, locking in WR Khalil Shakir to a 4 year, $60.2M contract extension. The deal comes with a reported $32M guaranteed, including $18M cash in the first season. Shakir, a 5th round pick out of Boise State, was scheduled to earn $3.2M for the upcoming season before the new deal. At $15.05M per year, Shakir is now the 23rd highest average paid WR in football, while the $32M guaranteed at signing currently ranks 20th.

Elsewhere, OT Jason Peters has decided to hang up the cleats after 19 illustrious seasons in the NFL. An undrafted TE out of Arkansas, Peters spent time with the BillsEaglesBearsCowboys, & Seahawks. He walks away from the game having earned just over $120M, 8th most among offensive linemen all-time.

Michael GinnittiFebruary 21, 2025

The Chicago Bears got an early jump on their 2025 offseason in releasing TE Gerald Everett & DE DeMarcus Lawrence. The moves freed up $10.75M of cap space, giving the Bears over $75M to work with as we approach the new league year.

Elsewhere, the Cincinnati Bengals announced the release of DT Sheldon Rankins, a move that opened up over $9.6M of cap room, while the Carolina Panthers freed up $4.35M by moving on from CB Dane Jackson.

The Chargers made their first big offseason move, locking in CB Elijah Molden to a 3 year, $18.75M extension this week. The deal comes with a reported $13.5M guaranteed, and keeps the former 3rd Round Pick under contract through the 2027 season.


Michael GinnittiFebruary 20, 2025

As the NFL offseason approaches the new league year (March 12th) teams will begin the process of converting salaries, processing extensions, and of course - outright releasing players as they push for cap compliancy. Spotrac has identified a potential cap casualty from each NFL team in the coming weeks and months.

RELATED:
NFL CAP HIT RANKINGS

Arizona Cardinals

S Jalen Thompson

The 26-year-old is just 1 season removed from a 4 INT campaign, but had a more up-and-down 2024 season in Arizona. His $13.7M cap hit is a team-high among defensemen, and nearly $5.7M of that can be freed up before a $2M March 16th roster bonus is due/

Atlanta Falcons

QB Kirk Cousins

Well that escalated quickly. Cousins is fully guaranteed $27.5M in 2025, and the Falcons are highly unlikely to find a trade partner before another $10M locks in on March 16th. Atlanta likely designates the 36-year-old a Post 6/1 release prior to that bonus trigger, keeping his $40M cap hit on the books into June, then taking on dead hits of $40M 2025, $25M in 2026.

Baltimore Ravens

K Justin Tucker

Things were heading in this direction even prior to the (growing) list of allegations that have been reported against him. Tucker has 3 years, $13.5M remaining on his contract, but none of it is guaranteed, and there are no early bonuses to contend with either. Unfortunately, a few sizable salary conversions in recent offseasons means the contract holds $7.5M of dead cap against a $7M cap hit in 2025. An outright release this March actually comes with a cap loss of $445,000 (a Post 6/1 designation can free up $4.2M in June).

Buffalo Bills

OLB Von Miller

The nearly 36-year-old took an $8.6M pay cut to remain with the Bills in 2024, earning just over $12.4M when it was all said and done. Due a non-guaranteed $17.5M for the upcoming season, a similar arrangement may be in the works, but the Bills could surely use the $8.4M to be freed up by moving off of this contract completely. 

Carolina Panthers

RB Miles Sanders

Sanders was relegated to a backup role almost immediately after signing his 4 year, $25 million free agent contract back in 2023. The 27-year-old earned $13.2M over the past 2 years in Carolina, but will almost certainly be moved on from before a $1M roster bonus is due on March 14th. The Panthers will take on $2.95M of dead cap, freeing up $5.2M.

Chicago Bears

TE Gerald Everett

The 30-year-old enters Year 2 of a 2 year, $12M contract in Chicago, set to earn $5.5M for the upcoming season. Everett saw action in just 240 snaps last season, putting his $6.5M cap hit on notice in the coming weeks. The Bears can free up $5.5M of space by moving on.

Cincinnati Bengals

DE Sam Hubbard

Hubbard enters the final year of a 5 year, $42M contract with the Bengals, set to earn a non-guaranteed $9.6M in 2025. The 29-year-old posted a respectable 25 tackles, 2 sacks, 1 forced fumble, 1 interception line in 2024, but saw action in just 46% of the team’s snaps. Cincinnati can free up $9.5M of space by moving on.

Cleveland Browns

G Joel Bitonio

The 33-year-old struggled in 2024, and has publicly mentioned the possibility of retirement this offseason. He enters the final year of a 5 year, $69M contract in Cleveland, set to earn a non-guaranteed $15M for the upcoming season. With $31M of dead cap on the books currently, the Browns would need to process a release or retirement as a Post June 1st move, freeing up $4.25M of space after 6/1. A decision will need to be made by March 14th, when a $3M roster bonus is due.

Dallas Cowboys

S Donovan Wilson

Wilson is a do-it-all safety when it comes to stuffing up a run game or even getting to the QB, but his coverage numbers tied with the fact that Dallas has two young players ready to compete for his job already rostered likely moves Wilson to the bubble this March. The nearly 28-year-old is set to earn $7M in 2025, but the Cowboys can free up $5.85M of cap by moving on.

Denver Broncos

S P.J. Locke

Locke posted a career-high 73 tackles in 2024, taking over 900 snaps for the Broncos D. He enters the final season of a 2 year, $7M contract in Denver, set to earn $4M in 2025. The Broncos can free up over $4.1M by moving on this spring.

Detroit Lions

LB Alex Anzalone

The Lions have a few higher-priced defensive players that may be on the bubble heading toward March, but we’ll focus on Anzalone here. The 30-year-old missed 6 weeks with an arm injury in 2024, allowing 2023 1st rounder Jack Campell to slide ahead of him on the depth chart. If Detroit feels like this move could prove permanent, they’ll look to capture the $4.8M of space they can free up here.

Green Bay Packers

CB Jaire Alexander

The 28-year-old is entering Year 4 of a 5 year, $97M contract in Green Bay, set to earn a non-guaranteed $17.5M for the upcoming season. When healthy, he’s still a top-flight cornerback in the league, but the availability has been few and far between of late. The Packers can open up $6.4M of space by moving on (release or trade) this March.

Houston Texans

DE Denico Autry

The 34-year-old enters the final season of a 2 year, $20M contract in Houston, set to earn $9M in 2025. He posted 3 sacks in a depth role (314 snaps) for the Texans last season, and is likely too expensive to carry into the new league year. Houston can free up $6M of space by moving on.

Indianapolis Colts

DT Raekwon Davis

The 27-year-old enters the final season of a 2 year, $14M contract in Indy, set to earn $6.5M in 2025. He posted extremely limited production in just 349 snaps last season, putting his $8.9M cap hit on notice. The Colts can free up $6.5M of space by moving on.

Jacksonville Jaguars

WR Christian Kirk

After a sparkling 2023 campaign, Kirk has battled injuries each of the last two seasons in Jacksonville, putting his $16.5M salary on notice. The Jags can free up $10.5M of space by moving on.

Kansas City Chiefs

CB Joshua Williams

A 4th-round pick back in 2022, Williams remains a depth CB for the Chiefs heading toward the final season of his rookie contract. Despite the backup role, Williams garnered enough snaps to trigger a Proven Performance Bonus for 2025, escalating his salary to a non-guaranteed $3.2M for the upcoming season. KC can free up this amount by moving on.

Las Vegas Raiders

QB Gardner Minshew

$3.16M of Minshew’s 2025 salary is already fully guaranteed, so this isn’t a slam-dunk scenario by any means. But the Raiders are almost certain to spend significant free agent and/or draft capital on the QB position this offseason, rendering the Minshew-project somewhat useless going forward. Las Vegas can free up $3M of cap with an early release this March.

Los Angeles Chargers

OLB Joey Bosa

Bosa renegotiated his contract to remain in the fold last season, signing a 2 year, $40.3M deal that included no guaranteed money for 2025. He started only 9 games last year, posting 5 sacks and causing 2 forced fumbles for his efforts. When healthy, he’s still a heck of a player, but the 29-year-old hasn’t played out a full season since 2021. The Chargers can free up $25.3M of cap by moving on before a $12.36M roster bonus is due on March 12th.

Los Angeles Rams

WR Cooper Kupp

The 31-year-old has been told to seek out a trade this winter, furthering the narrative that his time in LA is likely coming to an end. Kupp has 2 years, $39.85M remaining on his contract, including $5M fully guaranteed for the upcoming season. The Rams may need to eat a portion of the $7.5M bonus due on March 16th to facilitate a trade, but could also just outright release Kupp at the start of the league year, taking on $22.2M of dead cap, freeing up $7.5M of space.

Miami Dolphins

WR Tyreek Hill

The Dolphins have already trimmed a few veterans from their roster as they work to become cap-compliant in March, but this offseason is about making an expensive football team more competitive in the AFC as well. Hill still has separation, speed, and a ton of ability - but for one reason or another, wasn’t given a lot of opportunities to put that on display in 2024 within this Miami offense. If a team or two is willing to overpay a bit on the trade market, the Dolphins seem open to having someone else take on the $28M+ owed to Hill in 2025 (even if a Pre 6/1 trade only frees up $401,250 of cap space).

Minnesota Vikings

G Ed Ingram

A 2nd Round pick out of LSU back in 2022, Ingram fell out of the starting lineup in 2024 despite starting 32 games in his first 2 NFL seasons. His 2025 salary escalated over $3.2M thanks to a Proven Performance Bonus, putting him squarely on the bubble this March. Minnesota can free up that $3.214M by moving on.

New England Patriots

WR Kendrick Bourne

Bourne’s 2024 got off to a slow start as he recovered from an ACL injury, and he never really found his footing in Drake Maye’s offense. That’s not to say that a full offseason can’t change that, but plenty of changes are coming to the offensive weapons this winter, so a bit of a “clean sweep” could make total sense.The Patriots can free up $5.1M of cap by on from the remaining 2 years, $13M left on Bourne’s deal.

New Orleans Saints

QB Derek Carr

As usual, the Saints have a lot of work to do (and potentially a lot of players to subtract) just to get cap-compliant for 2025. But they may take a big swing by moving on from their QB1 before the remaining $30M of his 2025 compensation becomes fully guaranteed on March 14th. New Orleans would still owe Carr a $10M payment on his way out, and the contract carries $50.1M of total dead cap on it this offseason, but signs still point to his release in the coming weeks. If the Saints designate Carr a Post June 1st release, they’ll split that dead cap into $21.5M this year, $28.6M next year once June hits, though they’d still be carrying a $51.4M cap hit for 3+ months.

New York Giants

TE Daniel Bellinger

Bellinger’s targets and subsequent production have fallen off of a cliff in each of the past two seasons in NY, putting his future there very much in doubt. The former 4th Round pick still secured a Proven Performance escalator, taking his 2025 salary north of $3.2M, but the Giants can free all of it up by moving on this March.

New York Jets

WR Davante Adams

The Jets will likely do all the due diligence they can to see if they can squeeze a draft pick or two from a team looking to acquire Adams this winter, though there won’t be a team in football that wants anything to do with the 2 years, $72.5M remaining on this current contract. The Jets only hold $8.3M of dead cap on the deal, so they stand to free up nearly $30M if/when they move on via trade or release.

Philadelphia Eagles

S Darius Slay

The 34-year-old is under contract at 1 year, $16M for the upcoming season, but it’s largely expected that the two sides will part ways, at least for the purpose of getting out of this current contract. Philly likely designates Slay a Post June 1st release this March, a move that will send him to free agency immediately, while also freeing up around $4.3M of cap for the Eagles when the calendar flips to June.

Pittsburgh Steelers

DL Larry Ogunjobi

The 30-year-old posted a pretty typical 40+ tackle, 2 sack campaign for the Steelers in 2024, and his cap figure actually DROPS $2.7M for the upcoming season, but the writing still may be on the wall in the coming weeks. PIttsburgh can free up $7 of cap by moving on before a $3M roster bonus is due on March 14th.

San Francisco 49ers

WR Deebo Samuel

The 29-year-old has been given the green light to seek out a trade partner this winter, as he and the 49ers head toward divorce. The problem with a Pre June 1st trade is the $31M+ of dead cap attached to the contract this offseason. It represents a $15.2M loss for San Francisco in 2025. It’s largely expected that Niners will instead designate Samuel a Post June 1st release this March, keeping his $15.8M cap figure on the books into June, then taking on dead hits of $10.6M in 2025, $20.4M in 2026.

Seattle Seahawks

WR Tyler Lockett

The 32-year-old was a 3rd round pick of the Seahawks back in 2015, but his time in Seattle appears to be coming to an end. While the 1 year, $17M remaining on his contract is somewhat feasible, the $30.9M cap figure certainly is not. The Seahawks are expected to release Lockett before a $5.3M roster bonus is paid out on March 16th, freeing up the entire $17M.

Tampa Bay Buccaneers

S Jordan Whitehead

After a great 2023 campaign, Whitehead battled both a pec injury, and an unfortunate car accident through 2024, putting his immediate figure with the organization in a bit of question. The 2025 portion of his 2 year, $9M contract was always going to be a bit of an “option”, and Tampa Bay can free up $4.5M of cap by moving on this March.

Tennessee Titans

OT Nicholas Petit-Frere

The 3rd Round pick out of Ohio State back in 2022 hasn’t been able to find his sea legs as a starter in the NFL, putting his $3.21M salary for 2025 very much in question. The Titans will spend plenty of capital & assets bulking up their offensive line for their next QB1, so moving on here makes sense.

Washington Commanders

DL Jonathan Allen

A #17 overall pick back in 2017, Allen is the longest-tenured member of this Commanders franchise not-named Tress Way, but that could be coming to an end in the next few weeks. The 30-year-old is entering a contract year in 2025, set to earn $16.3M against a $22.3M cap hit. With just $6M of dead cap on the books, Washington can free up (even more) significant cap space for league year.

 

Michael GinnittiFebruary 18, 2025

Spotrac has identified one player from each of the 32 teams we consider a contract extension candidate in the coming weeks & months plus a few honorable mentions for each where applicable.

RELATED:
Spotrac’s Market Values

Arizona Cardinals

TE Trey McBride

The 2nd Rounder out of Colorado State enters the final year of his rookie deal in Arizona, having seen his 2025 salary escalate up to $5.2M per a Proven Performance Bonus. The knock on him (famously) is a lack of touchdowns, but this is a player with 192 catches for 1,971 yards over the past 33 games. He projected toward a 4 year, $72M extension in our system that would make him the highest average paid TE in NFL history.

Atlanta Falcons

RT Kaleb McGary

The nearly 30-year-old has been a reliable, consistent, productive player for the Falcons through 6 seasons, and he enters a contract year in 2025 (1 year, $14.5M remaining). McGary currently projects toward a 3 year, $52M extension in our system.

Also: Drake London (WR, $23.8M APY)

Baltimore Ravens

S Kyle Hamilton

A veritable no-brainer. Hamilton has been as-advertised since entering the league as the #14 overall pick back in 2022. He’s extension-eligible for the first time this winter, projecting toward a 3 year, $60M deal in our system (to add-on to the 2 remaining years of his rookie contract).

Also: Derrick Henry (RB, $13.5M APY), Marlon Humphrey (CB, $20M APY)

Buffalo Bills

RB James Cook

The Bills have around 8 players eligible & worthy of a contract extension this winter, but Cook might become the most sensible priority. 1) His salary escalated north of $5M due to a Proven Performance Bonus 2) Paying above-average Running Backs as early as possible seems to be the best path forward based on age/shelf live 3) RB Ray Davis remains at near minimum over the next two seasons (the duration of any sensible guarantee at signing for Cook). He’s a 4 year, $41M player in our system.

Also: Josh Allen (QB, $62.5M APY), Greg Rousseau (DE, $25M APY), Terrel Bernard (LB, $6.8M APY), Connor McGovern (C, $7.7M APY), Khalil Shakir (WR, $19.5M APY), Christian Benford (CB, $23M APY)

Carolina Panthers

OT Taylor Moton

One of the league’s true Ironmen, Moton missed a game for the first time in his 8-year-career during the 2024 season. Regardless, he’s been one of the most reliable, consistent offensive tackles in the game, and he enters a contract year in 2025 set to earn $17.5M. The 30-year-old carries a 3 year, $51M valuation in our system.

Also: Jaycee Horn (CB, $4.5M APY), Jadeveon Clowney (OLB, $11.5M APY)

Chicago Bears

S Kyler Gordon

A 2nd Round pick out of Washington, Gordon has found a role as the nickelback, a position that has increased its market value over the past few offseasons. His 2025 salary was escalated over $2M this winter due to a Proven Performance Bonus, setting up a potential extension this offseason. The 25-year-old projects toward a 3 year, $33M contract in our system. 

Cincinnati Bengals

WR Ja'Marr Chase

Chase is under contract through 2025 on a fully guaranteed $21.8M 5th-year option. He shouldn’t last long there, as the time for him to lock in a likely historic extension is now. The still 24-year-old projects toward a 4 year, $134M extension, but a number closer to $150M in total value likely makes more sense at this point.

Also: Trey Hendrickson (DE, $30M APY), Cam Taylor-Britt (CB, $15M APY)

Cleveland Browns

G Wyatt Teller

Teller missed a few weeks with a knee injury, but has been a pillar of reliability for Cleveland since joining from Buffalo back in 2019. He enters a contract year in 2025, set to earn $14.8M against a $14.1M cap hit. Now 31, Teller projects toward a 3 year, $24M extension in our system.

Dallas Cowboys

DE Micah Parsons

Here we go again. Another offseason where the whole world knows that the Dallas Cowboys need to sign a player to an historic extension (except maybe this time around those trade rumors aren’t so crazy). The 25-year-old enters 2025 with a fully guaranteed $24M 5th-year option on the books. Mathematically, he’s a $33.7M per year player in our system, which means it shouldn’t take more than a couple of elbow twists to nudge this contract past Nick Bosa’s current $34M high bar. The real question is, can Parsons approach $40M per year with these negotiations?

Also: DaRon Bland (CB, $23.7M APY), Tyler Smith (G, $19.1M APY), Brandon Aubrey (K)

Denver Broncos

OLB Nik Bonitto

The 2nd Rounder out of Oklahoma has taken major steps forward in each of his first three NFL seasons, culminating with a 48 tackle, 14 sack, 2 forced fumble, 1 INT campaign in 2024. His 2025 salary escalated nearly $4M thanks to a Proven Performance Bonus, but Bonitto has his eyes set on much bigger numbers this offseason, currently projecting toward a 4 year, $102M extension in our system.

Also: Courtland Sutton (WR, $23M APY), Zach Allen (DE, $22M APY), John Franklin-Myers (DE, $8.5M APY)

Detroit Lions

S Kerby Joseph

The 3rd Rounder out of Illinois has been an absolute ball-hawk over his first 3 NFL seasons, compiling 237 tackles and an astounding 17 interceptions. The Lions fed a lot of mouths last season, and there are at least 3 legitimate candidates again this time around. But Joseph, enters 2025 on a 1 year, $3.3M deal, now projects toward a 4 year, $93M extension.

Also: Aidan Hutchinson (DE, $31M APY), Jameson Williams (WR, $20M APY)

Green Bay Packers

RT Zach Tom

The 4th rounder out of Wake Forest has been the every week starter for the past two seasons now and has more than held his own. He enters a contract year in 2025, set to earn $3.2M, but now projects toward a 4 year, $86M extension in our system.

Also: Romeo Doubs (WR, $12M APY), Rasheed Walker (LT, $18M APY)

Houston Texans

CB Derek Stingley Jr.

The #3 overall pick out of LSU has now become as-advertised through 3 NFL seasons and is now extension-eligible for the first time. He’s set to earn $5.4M guaranteed in 2025, with a 5th-year-option certain to be exercised for 2026, but there’s a clear path to Stingley Jr. securing the highest average per year contract for a cornerback in NFL history this offseason. He’s a 4 year, $104M player in our system.

Also: Danielle Hunter (DE, $20M APY), Jalen Pitre (NB, $11M APY)

Indianapolis Colts

LT Bernhard Raimann

A 3rd Rounder out of Central Michigan, Raimann has quickly built himself into one of the more reliable left tackles in all of football. He enters a contract year in 2025, set to earn $3.3M thanks to a Proven Performance Bonus. The 27-year-old is a 3 year, $61M player in our system.

Also: Nick Cross (S, $11.3M APY), Kwity Paye (DE, $15M APY)

Jacksonville Jaguars

ILB Devin Lloyd

Lloyd has now put together back-to-back strong seasons in Jacksonville, putting him in a nice position this offseason as he becomes extension-eligible for the first time. The #27 overall pick  in 2022 is guaranteed $2.5M in 2025, and there’s a 5th-year option available in 2026, but he’s a 3 year, $28M player in our system.

Also: Ezra Cleveland (G, $14.5M APY), Montaric Brown (CB, $4M APY)

Kansas City Chiefs

CB Trent McDuffie

The #21 overall pick from 2022 has been about as consistent, productive, and rock-solid as could have been asked through his first three seasons, setting up a major pay day in the coming months. The Chiefs have a lot of mouths to feed (or replace) this winter, and McDuffie still has a fully guaranteed $2.6M salary plus a 5th-year option ahead of him, but waiting will only make things more expensive. He’s a 3 year, $66M player in our system.

Also: Joe Thuney (G, $20.5M APY), George Karlaftis (DE, $22M APY)

Las Vegas Raiders

LT Kolton Miller

The Raiders haven’t gotten a lot of things right this past decade, but Miller has been one of them. The 29-year-old remains one of the better left tackles in all of football, and enters a contract year in 2025. He’s a 4 year, $79M player in our system.

Also: Jakobi Meyers (WR, $15M APY), Maxx Crosby (DE, $33M APY)

Los Angeles Chargers

LT Rashawn Slater

Outside of an injury-filled 2022, Slater’s NFL start has been near flawless, setting up for a mammoth pay day in the coming months. He enters 2025 on a fully guaranteed $19M 5th-year option salary, projecting toward a 5 year, $128M extension in our system. 

Los Angeles Rams

QB Matthew Stafford

The 37-year-old has expressed his intent on playing in 2025 - but not exactly at his current $27M pricepoint. With no viable backup plan on the roster (though free agency could change that), a 2 year, $70M renegotiation could make sense here.

Also: Quentin Lake (NB, $10.5M APY), Kyren Williams (RB, $10M APY)

Miami Dolphins

P Jake Bailey

Yep, this is where we’re at. The Dolphins have extended or re-extended so many players over the past two seasons that we’re simply out of options. There’s a case to be made for TE Jonnu Smith, who had a phenomenal turnaround year in Miami, but the safer bet from an age/need standpoint remains Bailey. The 27-year-old is set to earn a very friendly $1.9M in 2025, but should be considered for an extension at around $3.5M per year.

Minnesota Vikings

OLB Andrew Van Ginkel

Well, that worked. The Vikings brought over Van Ginkel from Miami on a 2 year, $20M deal that paid out $9M in 2024. Tacking on an extension not only autocorrects his cashflow, but will also work to lower his current $12.4M cap hit in 2025. A 3 year, $45M extension makes sense here.

Also: Josh Oliver (TE, $7M APY)

New England Patriots

C/G Cole Strange

A tumultuous start to his career may have been rectified by a late 2024 move to center, where the Patriots were prepared to have a hole heading into the 2025 offseason. The 26-year-old enters 2025 with $2.3M fully guaranteed, and a decision on an estimated $17M option for 2026 looming. With a new staff in place, the safer bet may be to extend Strange into something a bit more team-controllable. He’s around a $4.5M per year player in our system currently.

New Orleans Saints

LB Demario Davis

Now 36, Davis remains one of the most reliable, productive off-ball linebacker in football. He enters 2025 with 1 year, $8.25M remaining on his contract against a $12.4M cap hit. With so much change imminent around this Saints roster, tacking on a year for a player who wants to be there, and can still make a significant impact (while also delaying the dead cap that will hit once his contract voids) makes a lot of sense. A combined 2 years, $15M through 2026 should work fine.

Also: Chris Olave (WR $17.8M APY), Blake Grupe (K)

New York Giants

WR Wan'dale Robinson

Robinson had a mini-breakout year in 2024, posting 93 catches, for 700 yards and 3 scores. The 2nd Rounder may have played himself into a worthy WR3 conversation for this group going forward, and he enters a contract year in 2025. A 2 year, $13M extension keeps him tied nicely to Malik Nabers’ rookie deal.

New York Jets

G Alijah Vera-Tucker

The Jets have a few weapon-pieces to consider here, but with the entire regime turning over, locking in a building-block from the trenches seems a much more worthy decision. Injuries have been the major Achilles heel in Vera-Tucker’s career, but the Jets exercised a now fully guaranteed $15.3M option for 2025, setting up a potential extension this offseason. The math calls him an $11M per year player, but it’ll take a bigger punch than that from the Jets to keep him off of the open market next March.

Also: Garrett Wilson (WR, $23.5M APY), John Simpson (G, $14M APY)

Philadelphia Eagles

C Cam Jurgens

The 2nd Round center out of Nebraska assumed the full-time gig in 2024 and fared admirably. He now enters a contract year, with a salary that escalated north of $5.2M thanks to a Proven Performance Bonus. He’s a 3 year, $25M extension in our system right now.

Pittsburgh Steelers

OLB T.J. Watt

One of the league’s most dominant players had another largely impactful season, collecting 12 sacks, 61 tackles, and 6 forced fumbles in 2024. He enters a contract year, set to earn just over $21M in 2025. He’s a 4 year, $130M player in our system, but there’s a case here to see that total value rise as high as $150M.

Also: George Pickens (WR, $23.5M APY), Deshon Elliott (S, $7M APY), Isaac Seumalo (G, $7M APY)

San Francisco 49ers

QB Brock Purdy

Will they? Won’t they? Should they? It’s never easy to project how a team that had such a run of bad luck/injuries in 2024 will rebound from an aggressiveness standpoint just a few months later, but all signs point to Purdy and the Niners locking in a multi-year guarantee this winter. Mathematically, Brock Purdy is a near $60M per year player in our system. A little supply/demand logic drops this down to a 4 year, $180M projection.

Also: George Kittle (TE, $16.3M APY), Jauan Jennings (WR, $10M APY), 

Seattle Seahawks

QB Geno Smith

There’s a world where the Seahawks move on from Smith completely this winter, but signs appear to be pointing to another extension for the 34-year-old, who carries a $44.5M cap hit against $31M cash for the upcoming season. Smith projects toward a 2 year, $86M extension in our system.

Also: Charles Cross (LT, $16.5M APY), D.K. Metcalf (WR, $25.5M APY)

Tampa Bay Buccaneers

RT Luke Goedeke

The Bucs need to get younger (and a little cheaper) in a lot of areas, but throwing a few more dollars at a strong offensive line can only make the sum of the parts better. Goedeke has put together back-to-back strong campaigns, and is now a serious candidate for extension on the back-end of his rookie deal. He projects toward a 4 year, $66M extension in our system.

Also: Baker Mayfield (QB, $59.5M APY), Cade Otton (TE, $12.5M APY)

Tennessee Titans

S Amani Hooker

The 26-year-old enters the final season of a 4 year, $33.5M contract in Tennessee, set to earn $8.64M in 2025. He posted a career-year in 2024, compiling 5 INTs, 2 Forced Fumbles, and 70 tackles in 14 games. Mathematically, Hooker projects toward a 3 year, $52M deal in our system, but the Titans will need to swing a little bigger to keep him from the open market next March.

Also: Arden Key (ED, $13.5M APY)

Washington Commanders

WR Terry McLaurin

The 29-year-old has waited 5+ seasons for the organization to find a core, and that time is now here. McLaurin enters a contract year in 2025, set to earn $19.65M for the upcoming season. A 3 year, $83M extension should keep him in the fold for at least 2 more seasons.

 

Michael GinnittiFebruary 11, 2025

2024 #NFL Playoff Pay (per player)

Philadelphia Eagles: $357,000
Kansas City Chiefs: $277,000
Wasington Commanders: $186,000
Buffalo Bills: $186,000
Los Angeles Rams: $109,000
Baltimore Ravens: $109,000
Houston Texans: $109,000
Detroit Lions: $104,000
Tampa Bay Buccaneers: $54,500
Minnesota Vikings: $49,500
Green Bay Packers: $49,500
Los Angeles Chargers: $49,500
Pittsburgh Steelers: $49,500
Denver Broncos: $49,500

Michael GinnittiFebruary 11, 2025

As the NFL calendar flips to the offseason, teams are now settling in for the quick push to March 12, the official start of the 2025 league year and free agency.

Spotrac has identified one player from each of the 32 teams set to become an unrestricted free agent next month, including projected market values and a few honorable mentions for each.

RELATED:
2025 NFL Free Agents
Spotrac’s Market Values

Arizona Cardinals

OLB Baron Browning

Acquired at the deadline from Denver, Browning has proven to be a productive edge rusher - when he remains healthy (12 sacks, 2 forced fumbles, 1 INT through his rookie contract). The 25-year-old is a 2 year, $11M player in our system heading toward March.

Also: Kyzir White (LB), Dennis Gardeck (OLB), Will Hernandez (G)

Atlanta Falcons

C Drew Dalman

Dalman likely hits the open market as the best available center, a spot that’s proven fruitful for notable players in recent offseasons. The 4th round pick out of Stanford calculates near $7M per year in our system, but demand likely brings this contract near $10M per year when it’s all said and done.

Also: Justin Simmons (S), Matt Judon (DE), Mike Hughes (CB)

Baltimore Ravens

OT Ronnie Stanley

Injuries over the past 4 seasons forced Baltimore to re-negotiate Stanley down to a 1 year, $7.5M “prove-it” deal in 2024. He proved it, returning to the top of the offensive tackle list, and should find himself a multi-year guarantee again this offseason. He’s a 2 year, $42M player in our system.

Also: Patrick Mekari (G), Brandon Stephens (CB)

Buffalo Bills

WR Amari Cooper

A deadline acquisition from Cleveland, Cooper battled injuries during his short tenure with Buffalo. While WR is certainly a position of need for the Bills this spring, bringing back Cooper at his currently valued 2 years, $28M+ may prove too costly.

Also: Rasul Douglas (CB), Damar Hamlin (S), Mack Hollins (WR)

Carolina Panthers

CB Michael Jackson

Acquired from Seattle before the 2024 season, Jackson played almost every snap for the Panthers, compiling 76 tackles, 2 interceptions, and strong coverage percentage grades as an outside CB. He’ll be a value option for a team not looking to swing too big this spring, projecting toward a 3 year, $24M contract in our system.

Also: Tommy Tremble (TE), Jordan Fuller (S)

Chicago Bears

G Teven Jenkins

A 2nd Round pick out of Oklahoma State, Jenkins has now posted 3 straight strong seasons on the Bears’ O-Line, and should hit the open market as one of the top interior options available. He projects toward a 3 year, $31M contract in our system (but demand should push this closer to $15M per year).

Also: Keenan Allen (WR), Coleman Shelton (C/G)

Cincinnati Bengals

WR Tee Higgins

Another franchise tag? A tag/trade? An extension to stay? Walking free into the open market? Everything appears to be on the table still with this (and a few other) Bengals’ conundrums, but the fact of the matter remains this: Higgins is set to be the best available offensive weapon, by a lot. The math says he’s a $27M per year player, but demand probably lifts this over the $30M mark. Related: Next Contract: Tee Higgins

Also: Mike Hilton (CB), B.J. Hill (DT), Mike Gesicki (TE)

Cleveland Browns

QB Jameis Winston

Winston proved he can still energize an offense when needed - just not for too long. The good and bad has always seemed to even out for the 31-year-old over the course of his career, putting him on track to secure another backup contract this offseason. He’s a 1 year, $6M valuation in our system.

Also: Jedrick Wills (OT), Nick Chubb (RB), Elijah Moore (WR)

Dallas Cowboys

DT Osa Odighizuwa

Not exactly a house-hold name nationally (yet), but this likely ends up being the contract that turns heads in the coming weeks. The 3rd Round pick out of UCLA could be considered the best interior defensive linemen on the open market, with a 3 year, $63M projection in our system.

Also: DeMarcus Lawrence (DE), Zack Martin (G), Chauncey Golston (DE)

Denver Broncos

DT D.J. Jones

The 30-year-old just completed a 3 year, $30M contract in Denver, and is still a valuable commodity on the D-Line. He’s in line for another deal right around the $10M per year mark again.

Also: Javonte Williams (RB), Cody Barton (LB)

Detroit Lions

CB Carlton Davis

Acquired from Tampa Bay before the start of the 2024 season, Davis proved his value, factoring into a much improved Lions defense. He’s valued right around the $14.5M salary he earned this past season, projecting toward a 3 year, $42M contract this March.

Also: Kevin Zeitler (G), Levi Onwuzurike (DT)

Green Bay Packers

C Josh Myers

Myers has started nearly every game for the Packers over the past three seasons, setting himself up for a nice payday in his first trip to the open market. The 2nd round pick out of Ohio State projects toward a 3 year, $22M deal in our system.

Also: Isaiah McDuffie (OLB)

Houston Texans

WR Stefon Diggs

A week 8 ACL tear put Diggs’ season, and potentially his future, in peril. Assuming he can work his way back to full health, an Odell Beckham Jr. type deal in the 1 year, $13.5M range (heavily incentive-laden) should get the job done.

Also: Derek Barnett (DE), Jeff Okudah (CB)

Indianapolis Colts

ED Dayo Odeyingbo

The former 2nd Round pick out of Vanderbilt has steadily increased his production, consistency, and in turn - snap count. There’s a very real world where the 25-year-old scores a legitimate starting edge rusher pay day in the coming weeks, projecting toward a 4 year, $64M contract in our system.

Also: Will Fries (G), Ryan Kelly (C), Julian Blackmon (S), E.J. Speed (LB)

Jacksonville Jaguars

S Andre Cisco

After very productive seasons in 2022 & 2023, Cisco (and much of the Jacksonville defense) had a bit of a bumpy ride in 2024 that included him being pulled from the starting lineup at times. It’s certainly plausible that a change of scenery gets him back on track, but a 1 year, $10M “showcase” deal could be in the works first.

Also: Brandon Scherff (G), Mac Jones (QB)

Kansas City Chiefs

G Trey Smith

It was a rough (Super Bowl) finish admittedly, but the 6th Round pick out of Tennessee has already done more than enough to stake claim as one of the top pending free agents in the league. There’s a legitimate path to Smith securing a contract at or near Landon Dickerson’s current $21M per year mark.

Also: Justin Reid (S), Nick Bolton (LB), DeAndre Hopkins (WR), Charles Omenihu (DE)

Las Vegas Raiders

ED Malcolm Koonce

Koonce had a legitimate breakout season in 2023 (8 sacks, 3 forced fumbles) but suffered a season-ending knee injury before the start of 2024, making his first trip to the open market a little murky. Will teams squeeze him down to a “showcase” deal, ensuring that 2023 wasn’t a fluke? He’s a 2 year, $40M player in our system.

Also: Trevon Moehrig (S), Robert Spillane (OLB)

Los Angeles Chargers

ED Khalil Mack

The 33-year-old is still doing things at a high level, filling up the statlines on a weekly basis this past season in LA on a renegotiated 1 year, $192.M contract. Despite the age, Mack projects toward a 3 year, $70M contract in our system, and as we tend to say often around this time of the year - it only takes one team.

Also: Asante Samuel Jr. (CB), Poona Ford (DE), JK Dobbins (RB), Teair Tart (DT)

Los Angeles Rams

OT Alaric Jackson

A UDFA out of Iowa, Jackson finished off 2024 on a $4.9M restricted tender, setting up what should prove to be a nice pay raise in his first trip to the open market. The 26-year-old projected toward a 3 year, $48M contract in our system.

Also: TuTu Atwell (WR), Demarcus Robinson (WR), Joseph Noteboom (OT)

Miami Dolphins

S Jevon Holland

Holland’s production dipped a bit in 2024 - a weird year across the board in Miami - but he’s done more than enough through his first four seasons to establish himself as the top safety set to hit the open market.The 25-year-old carries a 4 year, $60M base projection in our system.

Also: Calais Campbell (DE), Tyrel Dodson (LB), Liam Eichenberg (G)

Minnesota Vikings

QB Sam Darnold

Darnold’s 2024 is a rollercoaster ride we haven’t experienced at the QB position, with seemingly zero expectation to start, maximum output nearing the finish line, then a drop off of a cliff to end the season. Where does that leave the 27-year-old going forward? A tag to keep him in Minnesota is likely too expensive ($40M+), and with limited options of his age and ability set to become available this March, it’s fair to assume that at least one team will be ready to open their wallet for the former #3 overall pick. Darnold carries a 4 year, $160M projection in our system.

Also: Byron Murphy (CB), Camryn Bynum (S), Cam Robinson (OT), Aaron Jones (RB)

New England Patriots

CB Jonathan Jones

The coverage numbers have dipped, and Jones even found himself in & out of the starting lineup at times in 2024, but the 31-year-old is still a viable role option for a secondary in need. He’s a 2 year, $5M projection in our system heading toward March.

Also: Austin Hooper (TE), Jacoby Brissett (QB)

New Orleans Saints

ED Chase Young

Young backed up an 8-sack campaign for San Francisco back in 2023 with a 6-sack performance in New Orleans, playing on a 1 year, $13M contract. It stands to reason that he’s done enough to warrant a multi-year guarantee this time around, projecting toward a 4 year, $70M deal in our system.

Also: Paulson Adebo (CB), Juwan Johnson (TE)

New York Giants

WR Darius Slayton

Slayton’s time in NY has been tumultuous to say the least. A change of scenery with a proven QB1 could quickly change the direction of his career (though drops have been a big part of his portfolio). A weak WR market this March could elevate Slayton’s contract terms when it’s all said and done, leading toward a 3 year, $47M projection in our system.

Also: Azeez Ojulari (OLB), Drew Lock (QB)

New York Jets

CB D.J. Reed

One of the more consistent players at the position over the past 6 seasons, Reed should be rewarded with a nice pay raise this March, having completed a 3 year, $33M contract in NY. The 28-year-old heads toward free agency with a 4 year, $58M projection in our system.

Also: Haason Reddick (OLB), Tyler Conklin (TE), Tyron Smith (OT)

Philadelphia Eagles

ED Josh Sweat

Sweat signed a renegotiated 1 year, $10M to “stick around” with Philly this past March, rewarding them with another highly productive season, and a big finish in Super Bowl 59. The 27-year-old will hit March as one of the most coveted free agents on the market, carrying a 3 year, $57M projection in our system.

Also: Milton Williams (DT), Mekhi Becton (OL), Zack Baun (OLB)

Pittsburgh Steelers

OT Dan Moore Jr.

Moore has improved every year on a Pittsburgh O-Line that has badly needed more consistent production. With so many teams (including major contenders) looking to upgrade at the left tackle position this March, don’t be surprised if Moore locks in a big pay day, potentially even to stay with the Steelers. The 26-year-old enters the open market on a 3 year, $38M projection.

Also: Russell Wilson (QB), Justin Fields (QB), James Daniels (G), Najee Harris (RB)

San Francisco 49ers

CB Charvarius Ward

Ward, and the rest of the 49ers, had a big step back year in 2024, but he’s a year removed from one of the more productive seasons at the position, and should hit the open market with plenty of offers. The 29-year-old is a 3 year, $46M player in our system.

Also: Talanoa Hufanga (S), Dre Greenlaw (LB), Aaron Banks (G)

Seattle Seahawks

LB Ernest Jones

Jones bounced from the Rams to the Titans before landing in Seattle at the trade deadline. The two sides showed immediate interest in a long-term relationship, but it now appears as though the 25-year-old will hit the open market this March. The 3rd Rounder out of South Carolina should be one of the more coveted off-ball linebackers in free agency, projecting toward a 4 year, $52M contract in our system.

Also: Jarran Reed (DT), Johnathan Hankins (DT)

Tampa Bay Buccaneers

WR Chris Godwin

Godwin was on pace for another Godwin-like campaign in 2024 before an ankle injury derailed his season. Teams will have some pause when assessing the 28-year-old coming back from his second major injury, but a weak WR market will help sustain his ability to cash in. The former 3rd round pick carries a 3 year, $66M valuation in our system.

Also: Lavonte David (LB)

Tennessee Titans

DT Sebastian Joseph

The 29-year-old started 12 games for the Titans in 2024, compiling 3 sacks & 44 tackles in that span. Joseph should be inline for a contract similar to the 1 year, $4M deal he just completed in Tennessee, projecting toward a 2 year, $9M deal in our system.

Also: Nick Westbrook (WR), Tyler Boyd (WR)

Washington Commanders

LB Bobby Wagner

Now 34-years-old, Wagner is showing almost no sign of decline, filling up the stat board on a weekly basis (especially as it pertains to shutting down opposing run-games). A reunion with this fun, talented Commanders group makes a lot of sense, and a 1 year, $7M (incentive-laden) contract does too.

Also: Dante Fowler Jr. (DE), Jeremy Chinn (S), Zach Ertz (TE)

 

Michael GinnittiFebruary 10, 2025

As the offseason officially arrives, here are a few important upcoming dates to keep in mind, including the franchise/transition tag window, negotiation period, and official 2025 league year start.

  • 2/18: Tag Window Opens
  • 2/24-3/3: NFL Combine
  • 3/4: Tag Window Closes
  • 3/10-3/12: Negotiation Period
  • 3/12: League Year Begins*

    *All teams must be Top 51 salary cap compliant by 4PM ET. Spotrac is currently projecting a $275M league salary cap in all NFL views.
Michael GinnittiFebruary 07, 2025

League MVP

Josh Allen | QB | Buffalo Bills

Despite not being named first-team All-Pro, Allen secured his first MVP award in 2024, securing a $1.5M incentive along the way. It’s the first Bills’ player to win the award since RB Thurman Thomas did so back in 1991.

Contractually, Allen holds 4 years, $129.5M remaining, including just $14.5M for the upcoming 2025 season, none of which is guaranteed. He’s in line for some type of renegotiation this winter, be it a sweeten-the-pot maneuver that pulls cash from the back of the deal into 2025, or a straight up extension that pulls Allen into our current $60M+ per year stratosphere.

Offensive Player of the Year

Saquon Barkley | RB | Philadelphia Eagles

Barkley became the 9th player to reach 2,000 yards rushing in a season, finishing just 100 yards behind Eric Dickerson’s single-season record (2,105). He’s been every bit of the home run hitter the Eagles thought they were getting when they signed him away from the Giants on a 3 year, $37.75M contract.

The nearly 28-year-old now has 2 years, $26M remaining thanks to $1M worth of escalators that were hit in his historic 2024 campaign (another $250,000 can be added with a Super Bowl win). $11M of his 2025 salary plus $1.5M of his 2026 compensation is fully guaranteed.

Defensive Player of the Year

Patrick Surtain II | CB | Denver Broncos

The Broncos did a lot of subtracting before the 2024 season, but locking in Surtain to a market resetting 4 year, $96M extension has already proved to be one of their better additives of the offseason. The 24-year-old secured 4 interceptions, a forced fumble, and 45 tackles in 2024.

Surtain now holds 5 years, $100M remaining on his sophomore contract, including $42M guaranteed for practical purposes. His contract sets a new bar for the next wave of cornerback contracts (Stingley Jr., McDuffie, Benford, Gardner).

Offensive Rookie of the Year

Jayden Daniels | QB | Washington Commanders

It was a dream season for the Commanders, who changed nearly every facet of their franchise over the course of the past 24 months - and were rewarded with a lightning-in-a-bottle player at the most important position in sports. Daniels just completed the greatest rookie QB season in the history of the game, finishing 2024 with a Passer Rating over 100, 3500+ Passing Yards, nearly 900 Rushing Yards, and a 5th place ranking in PFFs final grading.

HIs #2 overall rookie contract now holds 3 years, $12.6M fully guaranteed remaining, plus a 5th year option for 2028 (that has already been escalated per his Pro Bowl selection this season). Daniels won’t become extension eligible until after the 2026 season, so it’s a big 2-year window for Washington to cash in on the value system.

Defensive Rookie of the Year

Jared Verse | ED | Los Angeles Rams

The Rams hadn’t made a first round pick since the 2016 draft, but boy did they hit a home run with Verse. The 24-year-old out of Florida State secured 5 sacks, 66 tackles, and 2 forced fumbles in his debut campaign, while almost immediately establishing himself as a player offenses need to “gameplay” around.

His #19 overall rookie contract now holds 3 years, $6.5M fully guaranteed remaining, plus a 5th year option for 2028 (that has already been escalated per his Pro Bowl selection this season). Verse won’t become extension eligible until after the 2026 season.

Comeback Player of the Year

Joe Burrow | QB | Cincinnati Bengals

Burrow’s season began with serious concern about his long-term injury risk, and finished with a legitimate question as to if he should be in the running for League MVP. Such has been the ebbs and flows of his first 5 seasons in Cincinnati.

The 28-year-old holds 5 years, $198.7M remaining on his contract through 2029, $88.8M of which is guaranteed for practical purposes. It’s a big, busy, potentially very expensive offseason for his Bengals’ front office.

Michael GinnittiFebruary 05, 2025

Tee Higgins, a 2nd round draft pick out of Clemson back in 2020 could finally find himself on the open market this March. The barely 26-year-old was franchise tagged by the Bengals in 2024, earning $21,816,000 in his 5th NFL season. Spotrac dives into the future contract status for Higgins as the 2025 league year approaches.

The Second Franchise Tag

While the Bengals have big fish to fry this offseason (a record-setting Ja’Marr Chase extension, keeping Trey Hendrickson happy, completely rebuilding the defense, etc…) tagging Higgins for the second straight season isn’t THAT financially crazy.

Franchise tagging a player for the second time comes at a 120% increase of their first tag, or in Higgins’ case, $26,179,200.

The Bengals enter 2025 with $234M of cap allocated for 55/90 contracts, giving them around $49M of Top 51 cap space. A base salary conversion on QB Joe Burrow’s contract can free up another $19.2M, while an extension for WR Ja'Marr Chase will almost certainly lower his current $21.8M cap figure as well. Those two moves alone should be enough to account for a second Higgins tag to begin the league year.

With this said, Higgins and his camp won’t be pleased with the restrictive move, and it’s highly unlikely that the tag is signed at any point in time. The Bengals could look to shop Higgins, seeking a deal that would bring back a bigger return than the single compensatory draft pick that would come from simply letting him walk in free agency this March. This route can be risky, as Higgins will need to sign the franchise tag in order to process the trade, meaning he’ll get to pick/choose his next destination. It also requires teams to have ample cap space to be able to take on the $26.2M tag number.

Still, with a weak free agent market for WRs, and a potentially underwhelming draft class for the position as well, the tag & trade scenario could prove fruitful for the Bengals, and a “best of both worlds” endgame for both sides. The last WR to be tag/traded was Davante Adams from Green Bay to Las Vegas back in 2022. The Packers received a 1st & 2nd round pick in the 2022 draft per the move, and 30-year-old Adams secured a 5 year, $140 million contract extension.

If Higgins is tagged, he would have until July 15, 2025 to come to terms on a multi-year extension (with whatever team he happens to be on).

Calculated Market Value

The math hasn’t been kind to Higgins as he approaches his first monster payday. A combination of time missed, drops, and a 4 catch, 65 yards per game average over the past 2 seasons keeps the overall price point somewhat tempered.

At the time of this piece, the calculated value of a Tee Higgins contract according to our system clocks in at 4 years, $102M. Fortunately for Higgins, there are plenty of other factors in play that will certainly amplify these figures.

An Extension to Stay

It’s not inconceivable that the Bengals simply agree to pay both Ja’Marr Chase & Tee Higgins this Spring, however this scenario should be considered highly unlikely for now. Chase has the resume to completely reset this position’s financial market, currently set at $35M per year, $110M guaranteed thanks to Justin Jefferson. So where would Higgins fit in under this?

Two teams have recently locked in their top two wide receivers to big-time contracts: Tyreek Hill & Jaylen Waddle in Miami, A.J. Brown & DeVonta Smith in Philadelphia.

While Brown maxed out, Smith secured 9.8% of the cap last year on his $25M per year extension. If we adjust that to a projected $275M league salary cap in 2025, that would mean a deal right around $27M per year for Higgins, or a 4 year, $108M extension. 

Smith also secured 68% of his new money as guaranteed. For Higgins, this would mean $74M, a big number for a “number 2”, but the precedent that one of the best teams in football has now set. Waddle, by the way, secured $76M practically guaranteed on his 3 year, $85M extension in Miami. In other words, a figure around $75M isn’t out of bounds for Tee Higgins going forward.

Is $108M over the next 4 years, $75M practically guaranteed enough to keep Higgins from hitting the open market this March?

A Free Agent Contract

If Higgins is allowed to hit the open market untethered, the sky is seemingly the limit. However: the largest free agent wide receiver contract ever handed out came last year, Calvin Ridley’s 4 year, $92M contract that included $50M guaranteed. Yes, times have changed, the cap has changed, and players of Higgins’ age and ability rarely get to free agency, but there isn’t a precedent for players to “max-out” on the open market like we see in other sports.

With that said, things are lining up nicely for multiple teams (many with quarterbacks on rookie contracts) to step in and generate a bidding war for Higgins’ services. We’ll factor this momentum into our bottom line.

The most likely foundation point for Higgins in a free market is Brandon Aiyuk’s 4 year, $120 million extension with the 49ers. The deal includes $76M guaranteed for practical purposes, $45M fully guaranteed at signing. In direct comparison over the past two seasons (2023-24 for Higgins, 2022-23 for Aiyuk), the numbers are fairly close, with Aiyuk slightly ahead in almost all of these standard receiving categories, holding a sizable lead over him in touchdowns.
At $30M per year, Aiyuk secured 11.7% of the 2024 salary cap on an average basis. If we assume a $275M salary cap in 2025, this represents a $32.1M APY for a WR with similar comparables.

So here’s the million-dollar question: Does the combination of Tee Higgins’ resume PLUS the idea of a free agent bidding war, warrant a cap-adjusted increase of the Brandon Aiyuk contract? Yes. If teams such as New England, Washington, Denver, Atlanta, etc…will all collectively be making offers, it stands to reason that (at least) one will go above and beyond mathematical logic to get their guy.

Using Spotrac’s Free Agent Contract Builder tool, here’s our latest full breakdown projection for Tee Higgins this coming March:


It’s a 4 year, $124 million contract that includes $59.25M fully guaranteed at signing (3rd among WRs). The $31M per year APY would rank him 4th, while a $74.25M practical guarantee over the next 3 seasons would be 9th most.

The deal has a whopping $91M cash built into the first three seasons, 4th most among WRs and WELL ahead of Brandon Aiyuk ($76M). A double-bonus structure ($28.8M signing bonus, $28M 2026 option bonus) plus the use of void years keep the cap hits at bay early on, with conversion possibilities built into 2027 as needed.

It’s a 3 year, $91M contract for practical purposes, a huge upgrade for a player that has never mathematically approached a $30M valuation in our system. But supply, demand, and rookie QB contracts are real, and in cases like this, they can be spectacular too.

Michael GinnittiFebruary 03, 2025

Super Bowl 59 will feature two familiar foes, as the Kansas City Chiefs & Philadelphia Eagles will meet in New Orleans. The matchup highlights two Top 10 cash spending teams from 2024, with the Eagles ranking 3rd, and the Chiefs 9th this past season. When combining the average salaries of their 53-man rosters, the Eagles stand atop the league, with over $350M allocated. KC drops down to 19th in this regard, thanks to a defense loaded with rookie contracts (for a minute).

Notable Notes

  • 4 Kansas City Chiefs players carried the highest average salary at their position in 2024: TE Travis Kelce ($17.1M), C Creed Humphrey ($18M), DT Chris Jones ($31.75M), K Harrison Butker ($6.4M)
  • Only 1 Eagles player carried a Top APY in 2024: G Landon Dickerson ($21M)
  • Saquon Barkley, A.J. Brown, DeVonta Smith, & Dallas Goedert combined for $71.6M cash this season. Every single RB, WR, & TE for the Chiefs earned just over $57M combined.
  • Both starting QBs have a contract escalator based on the outcome of the Super Bowl
  • Both of these teams are Top 3 spenders toward Special Teams, while the Eagles are the most expensive offense in football
  • 6 Eagles were named All-Pro in 2024, but only 1 (pending free agent Zack Baun) will be in need of a contract.
  • 4 Chiefs were named All-Pro in 2024. Two of them (Joe Thuney, Trent McDuffie) are headed toward contract extensions.

Offense/Defense Cash Ranks

  Chiefs Eagles
Offense 5 1
Defense 28 22
Special Teams 2 3



Positional Spending Breakdowns
Kansas City Chiefs
Philadelphia Eagles

Quarterback Futures

KC Chiefs

Patrick Mahomes has 7 years $315.7M remaining on his massive contract in KC, but, thanks to a recent modification/salary advance, only the next three years ($160M) are really worth considering. The 29-year-old carries a massive $66.2M cap hit in 2025, but a full cap conversion on his salary/roster bonus can lower that down to $28M as needed. Mahomes can add $1.25M to his 2025 salary with a Super Bowl win.

PHI Eagles

Jalen Hurts has 4 years, $195M remaining on his sophomore extension, but a Super Bowl win will escalate all of his remaining salaries by $500,000. A 6-bonus structure on his contract keeps salary cap hits tempered, including a team-friendly $21.7M for 2025.

The Running Back Comparison

Isiah Pacheco, Kareem Hunt, & Samaje Perine have combined to be integral pieces to the KC puzzle this year at just a $3.5M price tag. The last time the Chiefs paid a RB more than $5M cash was in 2020, Clyde Edwards-Helaire’s signing bonus season. Before that? Jamaal Charles in 2016. This value isn’t an accident - it’s a plan. Pacheco is on the books at just $1.1M in 2025, the final season of his rookie contract.

After years of paying this position extremely close to the vest (2015 DeMarco Murray was the last $5M+ running back), Philly made one of the bigger offseason splashes in adding Saquon Barkley to the mix. A Super Bowl victory will mean a $15M payout for Barkley in 2024, 3rd most among running backs last season. The almost 28-year-old is fully guaranteed through 2025 at $11M.

The Wide Receiver Comparison

Xavier Worthy’s $7.6M was the biggest payout the Chiefs made to a WR in 2024, which aligned with his WR-team-high 98 targets. KC handed out a little over $26M to its 9 wideouts this past season, despite many of them missing significant time (Skyy Moore, Rashee Rice, Marquise Brown). Rice remains in his rookie deal through 2026, Worthy won’t be extension eligible until after the 2026 season, while Brown & DeAndre Hopkins are headed for free agency this March.

Philly paid out over $47M to its 6 wideouts this past season, including $42.6M to A.J. Brown & DeVonta Smith alone. 5 of these receivers are under contract in 2025, with Brown guaranteed $62.75M and Smith guaranteed $48.5M through 2027.

2024 Positional Cash Rankings

Where the Chiefs/Eagles ranked in terms of cash spending at each respective position group this past season

  Chiefs Eagles
Quarterbacks 9 12
Running Backs 27 7
Wide Receivers 20 7
Tight Ends 1 11
Offensive Line 6 3
Defensive Line 5 31
Linebackers 29 7
Secondary 31 5

Notable Extension Candidates

Chiefs
G Trey Smith
The 6th round pick out of Tennessee has seen his stock explode in recent months. He’ll be considered one of the top available free agents this March if allowed to get there, with a 4 year, $80M projection attached to him in our system.

OL Joe Thuney
The starting left guard for the better of 4 seasons in KC has been filling in admirably at left tackle a bit down the stretch as well. He’s as valuable an offensive lineman as the league currently has, and despite being 32-years-old, should be considered an extension candidate this winter (especially as it will lower his current $27M cap figure). A 2 year, $40M tack-on could be in the cards here.

CB Trent McDuffie
The #21 overall pick back in 2022 is now extension-eligible for the first time, joining a growing list of young defensive backs that should easily reset this market. McDuffie enters 2025 with a 3 year, $66M valuation attached to him.

Eagles
EDGE Josh Sweat
The 27-year-old signed a 1 year, $10M renegotiated contract to remain in Philly, responding with 8 sacks and 41 tackles. He may have priced himself out of the Eagles constraints this time around, projecting toward a 3 year, $45M contract in our system.

LB Zack Baun
The 28-year-old signed a 1 year, $1.6M contract to join Philly last March, and is now a 1st-Team All-Pro linebacker. He’s a near $10M per year player in our system this time around.

C Cam Jurgens
No longer just “Jason Kelce’s replacement”, Jurgens shined in his first season as Jalen Hurts’ center (including a Pro Bowl nod). He’s entering the final year of his rookie contract in 2025, projecting toward a 3 year, $25 million extension in our system.

Notable Free Agents


Chiefs

Trey Smith is largely considered the most prominent free agent on the open market and could be in line to test Landon Dickerson's $21M per year figure. 


Eagles

Zack Baun turned a 1 year, $3.5M contract into 1st-Team All-Pro. Josh Sweat should be seeking a multi-year guarantee this time around as well after a 1 year, $10M deal in Philly.

Michael GinnittiJanuary 22, 2025

Before the chaos of the NFL offseason kicks into gear, we’ll dive into five players who appear poised to lock in a contract extension in the coming weeks and months, providing outcome predictions for each.

QB Brock Purdy (SF, 25)

Remaining Contract: 1 year, $5M

Purdy’s 2025 salary will escalate from $1M up to around $5M thanks to a Proven Performance Bonus (figure to be determined once the 2025 league salary cap is set). It’s a small consolation prize for a player who has been providing his team with as much financial value as possible for the better part of 3 seasons.

Has Purdy done enough to demand a near top of the market contract? Does his value outside of the 49ers create leverage? Will the Niners play hardball here? Common sense says the two sides move quickly on this deal, coming in at a healthy, but not crushing, bottom line number.

Let’s keep this simple and cap adjust the Daniel Jones contract from 2023:

Prediction: 4 years, $194M, $100M guaranteed

ED Micah Parsons (DAL, 25)

Remaining Contract: 1 year, $24M

Parsons produced 12 sacks, 43 tackles, and 2 forced fumbles in just 13 games for the Cowboys last season and will enter a contract year in 2025 (fully guaranteed $24M 5th-year option salary). He’s been one of the games most productive edge defenders since stepping onto the field back in 2021, and should be of Dallas’ top priority signings this offseason.

The top numbers for edge defenders currently stand at: $34M APY, $122.5M GTD, though it should be noted (since the Cowboys tend to wait until the last minute with these things) that T.J. Watt, Myles Garrett, Max Crosby, and Zach Allen are all contract extension candidates this offseason as well, which should continue to push this market even further.

Prediction: 4 years, $150M ($115M guaranteed)

WR Ja’Marr Chase (CIN, 24)

Remaining Contract: 1 year, $21.8M

127 catches, 1,708 yards, 17 touchdowns. There are certainly worse ways to launch yourself into a contract negotiation offseason, and Justin Jefferson’s $35M APY, $110M guaranteed could very much be in danger here. While drops remain a bit of a concern (9 in 2024), the former #5 overall pick has done more than enough to warrant a market resetting contract this spring.

Prediction: 4 years, $145M ($100M guaranteed)

CB Derek Stingley Jr. (HOU, 23)

Remaining Contract: 1 year, $5.4M + 2026 option

The #3 overall pick in 2022 now has 11 interceptions in 37 games and enters the offseason as PFF’s 4th highest rated cornerback. Houston will (of course) exercise his 5th year option before the May 2nd deadline, then should have its sights on locking in Stingley to a deal in the same ballpark as Patrick Surtain’s extension in Denver (4 years, $96M, $77.5M guaranteed).

Prediction: 4 years, $105M ($83M guaranteed)

S Kyle Hamilton (BLT, 23)

Remaining Contract: 1 year, $2.9M + 2026 option

Hamilton’s versatility fills up the box score on a weekly basis (107 tackles, 2 sacks, 2 forced fumbles, and a pick in 2024), and the #2 rated safety in football according to PFF is now extension-eligible for the first time at just 23 years old.

The safety market got a nice bump last offseason with Antoine Winfield Jr.’s extension in Tampa Bay. Hamilton should all but destroy his numbers ($21M APY, 53.5% guaranteed). Assuming the Ravens exercise Hamilton’s 5th-year option (estimated $18.3M) before extending him, he’ll be carrying around $21M with him into the negotiation.

Prediction: 3 years, $75M ($58M guaranteed)

 

Michael GinnittiJanuary 12, 2025

A look at player contracts from each of the 14 NFL playoff teams that we’re watching for one reason or another over the course of the next few weeks/months.

RELATED: 2025 NFL Free Agents

Baltimore Ravens

C Tyler Linderbaum
Entering Year 4 of his rookie contract. Baltimore is a lock to exercise his 5th-year option for 2026, but an extension is very much on the table this offseason. He’s a 3 year, $50M player in our system.

LT Ronnie Stanley
The 30-year-old had the healthiest season of his career in 2024 on a renegotiated 1-year contract, setting up a tough decision for the Ravens’ front office this March. He holds a 2 year, $42M valuation in our system heading toward 2025.

S Kyle Hamilton
This one seems pretty simple, as Hamilton has quickly become the best safety in all of football. Mathematically speaking, he projects to become the highest paid safety in NFL history. A 3 year, $61M extension is the starting point.

Buffalo Bills

CB Christian Benford
Benford joins a growing list of cornerbacks around the league (Stingley Jr., Gardner, Humphrey, McDuffie) who could push this market into the $25M+ per year category. He’s been one of the best shutdown corners in the game over the past 2 seasons, and he enters a contract year in 2025. He’s a 4 year, $92M player in our system right now.

DE Greg Rousseau
After a slow start to his rookie campaign, Rousseau has now posted 3 straight productive, consistent seasons in Buffalo, including career-best numbers this past season. He holds a fully guaranteed $13.3M 5th-year option salary in 2025, projecting toward a 4 year, $100M extension in our system.

RB James Cook
Cook will be entering a contract year in 2025, set to earn a projected $5M based on a Proven Performance Bonus. He just posted one of the best overall rushing seasons in Bills’ history, proving his worth and then some to this Buffalo offense. He’s a $9M player in our system as of today, projecting toward a 4 year, $36M contract.

Denver Broncos

DE Zach Allen
Allen heads into a contract year after posting the most productive season of his career in 2024. With a $19.8M cap figure, Denver will be motivated to extend the 27-year-old both for football and business purposes this winter. He holds a 3 year, $66M projection in our system.

OLB Nik Bonitto
The 2nd rounder out of Oklahoma has improved each season, culminating with an outstanding 2024 campaign (14 sacks, 48 tackles, 2 forced fumbles and an interception). He enters the final year of his rookie contract, where a Proven Performance Bonus should escalate his salary near $5M. The 25-year-old holds a 4 year, $94M projection in our system.

WR Courtland Sutton
Sutton was offered an incentive package before the 2024 season to “sweeten the pot” a bit. He responded with near-career numbers across the board and showed a clear fit with new QB Bo Nix. He enters a contract year in 2025, carrying a 3 year, $69M valuation in our system.

Detroit Lions

CB Carlton Davis
The pending free agent has helped stabilize a once deficient Lions’ D, and should hit the open market as one of the top available free agents. He’s in line for a 3 year, $42M contract based on our valuation.

DL Aidan Hutchinson
Recovery from a broken leg notwithstanding, every part of Hutchinson’s NFL start has been both productive, and exponentially improving annually. He’s extension-eligible for the first time now, holding a $30.5M valuation in our system. Nick Bosa’s $34M per year should very much be in sight here.

Green Bay Packers

CB Jaire Alexander
Alexander has missed significant time in each of the past 2 seasons, putting his 2 years, $37M remaining very much in question. A late season knee injury/IR stint probably means the Packers move on next March.

WR Romeo Doubs
The Packers passing game hasn’t been much to write home about of late, but Doubs has consistently been QB Jordan Love’s go to target down the stretch (especially with Christian Watson suffering another tough injury). The 24-year-old is entering a contract year in 2025, and could very well garner a multi-year extension to remain in the fold thereafter. As a fringe WR2/WR1, Doubs currently projects toward a 4 year, $86M extension in our system.

LB Quay Walker
Walker has been “solid” as an off-ball linebacker in Green Bay for the better part of three seasons, but he hasn’t lived up to the #22 overall status the Packers were hoping for back in 2022. Despite a starting role, look for Walker’s name to be floated in offseason trades this winter. The 24-year-old is guaranteed $2.6M next season, with a decision looming on his 2026 5th-year option.

Houston Texans

CB Derek Stingley Jr.
Back-to-back massive seasons for the #3 overall pick from 2022 has Stingley Jr. primed to reset the CB market this offseason. He’s owed $5.4M in 2025, with a certain to be exercised 5th-year option for 2026, so let’s tack on 3 years, $75M to all of that and call it a day.

G Kenyon Green
Green’s role in Houston appears to be on thin ice, as veteran stopgaps have taken away precious snaps from him in each of the past two seasons. He enters Year 4 of his rookie contract in 2025, with a decision to be made on a 5th year option looming as well. The #15 overall pick back in 2022 could be on the trade block this winter.

Kansas City Chiefs

G Trey Smith
The 6th round pick out of Tennessee has seen his stock explode in recent months. He’ll be considered one of the top available free agents this March if allowed to get there, with a 4 year, $80M projection attached to him in our system.

OL Joe Thuney
The starting left guard for the better of 4 seasons in KC has been filling in admirably at left tackle a bit down the stretch as well. He’s as valuable an offensive lineman as the league currently has, and despite being 32-years-old, should be considered an extension candidate this winter (especially as it will lower his current $27M cap figure). A 2 year, $40M tack-on could be in the cards here.

CB Trent McDuffie
The #21 overall pick back in 2022 is now extension-eligible for the first time, joining a growing list of young defensive backs that should easily reset this market. McDuffie enters 2025 with a 3 year, $66M valuation attached to him.

Los Angeles Chargers

RB JK Dobbins
The oft-injured 26-year-old did miss a few weeks with a knee knock, but for the most part proved to be a legitimate weapon for the new-look Chargers offense. Has he done enough to warrant a multi-year deal this time around? He’s a $7.3M/year player in our system on the surface.

LT Rashawn Slater
Slater battled injuries early on in his rookie deal, but the former #13 overall pick now seems a lock to be Justin Herbert’s blindside protection for the foreseeable future. He enters 2025 on a fully guaranteed $19M 5th-year option salary, carrying a $25.5M per year valuation in our system.

EDGE Khalil Mack
While he didn’t come near the 17-sack, 6 forced fumble performance he posted in 2023, Mack still proved to be one of the best edge defenders in all of football this past season. The almost 34-year-old is a pending free agent, but an incentive-laden deal to remain in LA seems plausible. 1 year, $7.5M with a chance to get to $10M might get it done.

Los Angeles Rams

WR Demarcus Robinson
The 30-year-old played a much more significant role than anticipated, filling in for frequent injuries to Cooper Kupp & Puka Nacua throughout the season. A pending free agent, Robinson could be in the market for the 1 year, $4M contract he just finished out.

WR Cooper Kupp
Kupp has 2 years, $39M remaining on his contract, but the 31-year-old has struggled to remain healthy each of the past 3 seasons. With that said, Kupp is still both highly productive & valuable to this Rams’ offense when available, and a $5M roster bonus for 2025 is already fully guaranteed. But this (along with QB Matthew Stafford) is still a situation to watch this offseason.

Minnesota Vikings

QB Sam Darnold
Regardless of where you land on the “should they keep him or not” debate, nobody can deny the magical season Darnold just posted. Signed as a mere stopgap to hold the Minnesota fort down in 2024, there’s a legitimate path to $40M+ this winter (either via a tag, extension, or free agent contract).

OT Cam Robinson
Brought over from Jacksonville at the deadline to step in for the injured Christian Darrisaw, Robinson will be considered one of top available free agent OL on the market this March. He’s a 3 year, $42M player in our system.

RB Aaron Jones
Jones posted a career-high 1,546 yards from scrimmage with 7 total touchdowns on a 1 year, $7M contract in Minnesota. Despite eclipsing the 30-years-old mark last month, Jones appears worthy of another go around in 2025. He’s a 1 year, $6M player in our system

Philadelphia Eagles

EDGE Josh Sweat
The 27-year-old signed a 1 year, $10M renegotiated contract to remain in Philly, responding with 8 sacks and 41 tackles. He may have priced himself out of the Eagles constraints this time around, projecting toward a 3 year, $45M contract in our system.

LB Zack Baun
The 28-year-old signed a 1 year, $1.6M contract to join Philly last March, and is now a 1st-Team All-Pro linebacker. He’s a near $10M per year player in our system this time around.

C Cam Jurgens
No longer just “Jason Kelce’s replacement”, Jurgens shined in his first season as Jalen Hurts’ center (including a Pro Bowl nod). He’s entering the final year of his rookie contract in 2025, projecting toward a 3 year, $25 million extension in our system.

Pittsburgh Steelers

OLB T.J. Watt
Just another 12 sacks, 40 tackle, 6 forced fumble, Pro Bowl/All-Pro season from the 30-year-old future Hall of Famer. Watt is entering a contract year in 2025, set to earn $21M. He projects toward a 4 year, $121M extension in our system, but there’s a legitimate discussion to be had about $40M per year here (especially if the Steelers decide to rip the band-aid off and go young/cheap elsewhere on this roster).

WR George Pickens
It’s been a bit of a rollercoaster ride for Pickens and the Steelers, leading toward a potential crossroads this offseason. The 23-year-old (yes, really) is entering a contract year in 2025, with three options on the table: Hold and let this contract play out. Trade Pickens for draft assets. Extend the fringe WR1 (currently valued at 4 years, $94M in our system).

QB Justin Fields / QB Russell Wilson
The Steelers enter the offseason with no quarterbacks under contract, so obviously something has to give in the coming weeks. Adding a QB in the upcoming draft seems like a lock (even if it’s a mid-round flier), but it also stands to reason that one of Wilson or Fields will be back in the fold for 2025. Wilson handedly took this job over when he became healthy enough to do so, but really struggled to maintain a high level of productivity down the stretch. In either case here, a 1 year, $10M incentive-laden contract makes sense. 

Tampa Bay Buccaneers

WR Chris Godwin
A devastating ankle injury put an end to Godwin’s 2024 campaign, but with slim-pickings set to be available in the WR free agent market, it shouldn’t damage his ability to cash in too much. 3rd-round pick Jalen McMillan appears poised to step into the WR2 role for TB going forward, putting Godwin in a position to change teams for the first time in his career. He’s a 3 year, $66M player in our system.

LB Lavonte David
The 34-year-old just refuses to slow down, turning a 1 year, $8.5M contract into 122 tackles, 6 sacks, 3 forced fumbles, and an interception this past season. Run it back at the same price for one more season?

Washington Commanders

WR Terry McLaurin
With Jayden Daniels now firmly entrenched as the leader of this offseason for the foreseeable future, McLaurin is finally able to maximize his talents (and find the end zone regularly). The 29-year-old enters a contract year in 2025, set to earn $19.65M. A 3 year, $84M extension to keep him in the fold makes sense.

EDGE Dante Fowler Jr.
Fowler signed his third straight “show-me” deal in March of 2024, a 1 year, $3.25M contract with the Commanders. He added $1.6M to that based on both playing time, and his 11 sack performance on the field. Has he earned a muti-year deal this time around? Spotrac has him on a 3 year, $16M deal this offseason.

RB Brian Robinson
The Commanders are a better offense when Robinson is healthy and on the field. The 25-year-old enters a contract year in 2025, but could be in line for a 3 year, $27M extension to remain in the fold as this young team grows up quickly.

Michael GinnittiJanuary 08, 2025

Chicago Bears

Caleb Williams enters Year 2 of his rookie contract, with cap hits of $8.9M, $10.7M, & $12.5M through 2027. He won’t become extension-eligible until after the 2026 season, and the Bears hold a 5th-year option on him in 2028 if needed.

QB2 Tyson Bagent is scheduled for restricted free agency this winter. Tendering him at the first right of refusal should cost around $3M in 2025.

Jacksonville Jaguars

Trevor Lawrence enters Year 2 of his 7 year, $306.3M total value contract in Jacksonville, set to earn $37.5M in 2025. His cap hits remain extremely team-friendly thanks to the use of a signing bonus & four option bonuses over the course of the contract (Lawrence stands to account for $17M of cap in 2025). There are early vesting guarantees through 2028 on this deal, making this at least a 4 year, $163M contract for practical purposes.

Backups Mac Jones & C.J. Beathard are both pending unrestricted free agents.

Las Vegas Raiders

$3.16M of Gardner Minshew’s 2025 salary is already fully guaranteed, but that only represents 25% of the $12.5M he’s set to be owed next season. He’s a keep, trade, and release candidate this offseason as he recovers from a collarbone injury.

Aidan O’Connell enter Year 3 of his rookie contract, set to earn $1M in 2025, and $1.1M in 2026 (barring a Proven Performance Bonus). The Raiders are certain to add another QB to the mix this offseason, but O’Connell’s near minimum, non-guaranteed contract should allow for him to compete in 2025.

The Raiders hold the #6 pick in the upcoming draft.

New England Patriots

Drake Maye enters Year 2 of his rookie contract, with cap hits of $8.3M, $9.9M, & $11.6M through 2027. He won’t become extension-eligible until after the 2026 season, and New England holds a 5th-year option in 2028 as needed.

Jacoby Brissett is a pending unrestricted free agent this March.

New Orleans Saints

Derek Carr has a fully guaranteed $10M roster bonus in 2025 to go along with a $30M base salary that becomes guaranteed March 14th. He’s already on the record stating he won’t be taking a pay cut this winter, so for now it appears imminent that he’ll remain with the Saints through 2025. He holds $50.1M of dead cap against a $51.4M salary cap figure for the upcoming season.

Spencer Rattler enters Year 2 of his rookie contract, with non-guaranteed minimum salaries on the books through 2027.

The Saints hold the #9 pick in the upcoming draft.

New York Jets

Aaron Rodgers’ $35M option bonus isn’t due until the start of the 2025 regular season, but it’s largely expected that a decision on his future in NY will come at the beginning of the league year (March 12th). The Jets would take on $49M of dead cap to release/trade the 41-year-old.

$2.5M of Tyrod Taylor’s $6M 2025 salary is fully guaranteed already, and his deal carries plenty of incentives to bump that up based on playing time and production. It stands to reason that Taylor could be in the Jets’ plans next season regardless of who else is brought in at the position.

The Jets hold the #7 pick in the upcoming draft.

Honorable Mention: Dallas Cowboys

With current HC Mike McCarthy’s contract set to expire in the coming days, it’s plausible that the Cowboys could find themselves in this mix sooner rather than later.

Dak Prescott is entering Year 2 of a 5 year, $274M contract, set to earn $47.75M in 2025. He holds a league-high $89.9M cap hit for the upcoming season that can (will) be lowered down to $52.7M after a salary conversion. The deal carries early vesting guarantees through 2027, making this a 3 year, $132.75M contract for practical purposes.

Cooper Rush & Trey Lance are both pending unrestricted free agents.

 

Michael GinnittiJanuary 03, 2025

As the calendar flips to 2025, Spotrac dives into 10 looming scenarios that could come to fruition in the coming weeks and months, including potential trades, extensions, releases, & retirements.

The New York Jets and QB Aaron Rodgers

Rodgers is due a non-guaranteed $37.5M in 2025, including a $35M option bonus that doesn’t need to be exercised until the beginning of the regular season. While his $23.5M cap figure next season isn’t overly restraining, it seems wildly unlikely that a Jets/Rodgers relationship will continue.

The contract carries $49M of dead cap due to previously paid out bonuses. The Jets will have the choice to take that all on in 2025, designate him a Post June 1st release (splitting the cap into $14M for 2025/$35M for 2026), or simply waiting until after June 1st to process a release (or a potential Rodgers retirement).

Prediction: The Jets outright release Aaron Rodgers in early March, taking on all $49M of dead cap in 2025 as they look to fully reset their roster & financials. Rodgers takes the spring to assess his options, ultimately opting for retirement after 20 seasons.

The Buffalo Bills and QB Josh Allen

Allen’s contract was adjusted this past March to bring money forward, giving the 28-year-old a $60M base payout in 2024. There’s another $5M available based on playoffs & and MVP win. The maneuver leaves just $14.5M of base cash available in 2025 now, making it very likely that another adjustment will be necessary.

Allen has 4 years, $129.5M remaining on his contract through 2028, a $32.3M APY. With top QB contracts now nearly doubling this mark, it stands to reason that the Bills could opt to start fresh with a brand new deal for the 28-year-old.

Prediction: The Bills and Josh Allen agree to a 5 year, $290 million renegotiated contract through the 2029 season that includes $232M guaranteed for practical purposes. 

The Cleveland Browns and DE Myles Garrett

The last place Browns possess 8 contracts with a total value of $50M or more, putting the pressure on this front office to either get back to winning immediately - or start selling pieces to reduce the financial blow (and help mitigate a rebuild).

Garrett’s contract holds 2 years, $44.7M remaining on it, and the league’s top edge rushers will soon be approaching $40M per year (especially after Micah Parsons and T.J. Watt lock in new deals this offseason). Cleveland will be pressured into considering a Garrett extension this Spring as well, but it might not be in the best interest for their current window.

Prediction: The Browns trade Myles Garrett to the Arizona Cardinals for a 1st, 3rd, & 5th round draft pick. Arizona signs Garrett to a 4 year, $140 million renegotiated contract through 2028 that includes $91M guaranteed.

The Green Bay Packers and Jaire Alexander

The Packers have pushed a lot of right buttons over the course of the past decade or so, but the 4 year, $84 million extension for Alexander might go down as a bit of a miss (at least according to their standards). After an outstanding 2022 campaign, the 27-year-old has missed significant time in each of the past two seasons, putting his future in Green Bay in serious doubt.

Alexander’s contract contains 2 years, $37M remaining, but none of it is guaranteed, and there are no early offseason bonuses to contend with.

Prediction: The Packers release Jaire Alexander this March, taking on a $19.1M dead cap hit, freeing up $6.7M of space. Alexander signs a 1 year, $10M contract with the New England Patriots for the 2025 season.

The Minnesota Vikings and their Quarterbacks

Minnesota will be a must-follow franchise for the next few months as they navigate one of the best problems in all of sports: too many quarterbacks at their disposal.

Sam Darnold’s 2024 was a revelation, setting up the Vikings to put #10 overall pick J.J. McCarthy in a holding pattern until further notice. Darnold is a pending free agent, so the decision to keep him will prove expensive. But losing him could prove even more costly.

Prediction: The Vikings apply a $39M+ franchise tag on Sam Darnold, then trade J.J. McCarthy to the Las Vegas Raiders days before the NFL Draft. Darnold and the Vikings agree on a 4 year, $196M extension before the July 15 deadline that includes $110M guaranteed.

The Cincinnati Bengals and Tee Higgins

Life is just better in Cincinnati when Joe Burrow, Ja’Marr Chase, and Tee Higgins are all on the field together. Higgins, the top pending free agent according to our rankings, hasn’t negotiated with the Bengals in months, setting up a likely exit this March.

With Chase likely to reset the WR market (currently $35M APY, $110M guaranteed), the idea of paying both he and Higgins this spring seems nearly impossible for a Bengals franchise that has been selective with their finances. But that doesn’t mean they have no path forward…

Prediction: The Bengals slap a 2nd franchise tag on Tee Higgins, which comes in at $26.18M for the 2025 season, setting up a holdout battle with the 25-year-old. Higgins signs the tag before the start of the season, and the band gets back together one last time.

The New York Jets and RB Breece Hall

From A-Z, the Jets organization appears to be at a crossroads, setting up an opportunity for rostered players nearing next contract negotiations to be poached.

Running back appears to be one of the deeper positions on this Jets roster, setting them up to float Hall in trade discussions this March as they look to bulk up on draft picks for the pending rebuild. Hall’s deal contains 2 years, $3.4M remaining, none of which is guaranteed.

Prediction: The Jets trade RB Breece Hall to the Dallas Cowboys in exchange for a 3rd & 6th round pick.

The Las Vegas Raiders and Maxx Crosby

Crosby will enter 2025 with 2 years, $42.8M remaining on his contract, but none of it guaranteed and no early offseason bonuses built in. He was an often vocalized name at the trade deadline, despite both he and the team publicly claiming they remain committed. But the team has continued to downslide and the roster appears to be very much in flux.

Crosby should be seeking a new deal this spring, but does it make sense for he and the Raiders to lock in to something significant right now? It’ll take an aggressive offseason to begin to truly right this ship - but that’s exactly what we’re anticipating here.

Prediction: The Raiders and Maxx Crosby agree to a 3 year, $100 million extension through 2029, including $66M fully guaranteed.

The Pittsburgh Steelers and Russell Wilson

Don’t leave Russ for dead just yet. The Steelers dodged more than a few bullets this season to remain relevant both in the AFC North and into the postseason. Wilson isn’t statistically close to what he once was, nor is he capable of single-handedly leading an offense into contention, but he’s a clear fit with this Steelers setup for the short-term.

The 36-year-old pending free agent is likely seeking one final contract this offseason.

Prediction: The Steelers and Russell Wilson agree to a 3 year, $100M contract extension through 2027, including $45M fully guaranteed.

The San Francisco 49ers and Brock Purdy

This is becoming one of the tougher reads of the looming offseason, as a wonderful story and dynamically exciting team came to a crashing halt in 2024. Purdy battled his own injuries this season, but even when healthy, didn’t appear capable of elevating a weakened offense to higher places. Was 2024 just an overall mess to be ignored, or is it proof of a much lower future ceiling (confirming his original draft position)?

It was perfectly plausible to evaluate Purdy’s looming extension along the lines of Jordan Love, Trevor Lawrence, or even Joe Burrow based on his ability to both navigate and manage one of the top teams in all of football for multiple seasons.

It now seems perfectly plausible to evaluate Purdy a tier below that threshold, especially with the growing sense that the 49ers aren’t going to be negotiating against another other NFL team for Purdy’s services going forward (a mistake the Giants made with Daniel Jones 2+ years ago).

As a Pro Bowler in 2023, Purdy’s 2025 salary will escalate from $1.1M to an estimated $5.2M based on the Proven Performance Bonus available to non-first-rounders. Will the Niners ask Purdy to play out his rookie contract before making any significant decisions? Or will Purdy feel he’s capable of holding out to ensure he garners the long-term guarantee he deserves (a tactic more than a few 49ers have taken in recent offseasons).

Prediction: The 49ers offer Brock Purdy a well-below-market 3 year, $105M extension, including $50M guaranteed. Purdy declines the offer, holds out most of the summer, then returns to play on his $5M salary for 2025, setting up free agency or a potential franchise tag in 2026.

Michael GinnittiJanuary 01, 2025

The latest addition to Spotrac's NFL team views focuses on player incentives, including real-time tracking for many performance thresholds. We've detailed a few of the more notable 2024 scenarios heading into Week 18.

RELATED: 2024 NFL INCENTIVES TRACKER

Arizona Cardinals

QB Kyler Murray is 50 rushing yards plus 1 rushing touchdown away from a $750,000 salary escalator. The 27-year-old has 4 years, $158M remaining on his contract.

EDGE Zaven Collins is 1 sack away from a $300,000 incentive. The 25-year-old enters Week 18 with 4 sacks, and $3.25M of his 2025 salary is fully guaranteed.

All Cardinals Incentives

Baltimore Ravens

RB Derrick Henry has already maxed out his rush yards and touchdown incentives, scoring him an extra $2M in 2024. The 30-year-old can add another $500,000 to his pockets with a Ravens Super Bowl win. Henry carries a non-guaranteed $7M salary in 2025.

OLB Kyle Van Noy has already locked in $500,000 worth of sack/playing time bonuses. He can add another $250,000 with a half sack this weekend. The 33-year-old holds a non-guaranteed $3.75M in 2025.

RB Justice Hill is 8 catches away from a $250,000 bonus. $1M of the 27-year-old’s 2025 salary is already fully guaranteed.

All Ravens Incentives

Buffalo Bills

QB Josh Allen can secure a $1.5M bonus if he’s named NFL MVP. The 28-year-old can add another $3.5M if the Bills win the AFC Championship Game ($1M) and Super Bowl ($2.5M). Allen has 4 years, $129.5M remaining on his contract, but only $14.5M is currently allocated to 2025.

OLB Von Miller has already secured $2.5M with 5 sacks. He can add another $1.5M with 1 more this weekend. The 35-year-old has 3 years, $67.5M remaining on his contract, though non of it is guaranteed.

CB Taron Johnson is 1 interception away from a $250,000 bonus. The 28-year-old is fully guaranteed through 2025 at $10.1M.

TE Dawson Knox has already locked in $750,000 worth of bonus/2025 salary escalators. He’s 8 catches, 89 yards away from another $200,000 bump. $4.5M of the 28-year-old’s 2025 compensation is fully guaranteed.

DL DaQuon Jones is a half sack away from a $250,000 bonus. $2.25M of the 33-year-old’s 2025 salary is fully guaranteed.

All Bills Incentives

Carolina Panthers

With just over 60% of the snaps taken, DE A’Shawn Robinson is inline for a $1M pay bump. The 29-year-old has 2 years, $15.1M remaining on his contract.

All Panthers Incentives

Chicago Bears

OL Coleman Shelton has easily maxed out $500,000 in playing time bonuses. The 29-year-old is a pending UFA.

Cincinnati Bengals

TE Mike Gesicki has already locked in a $375,000 of bonuses for receptions & receiving yards. He can add another $125,000 with 3 receiving yards this weekend. The 29-year-old is a pending UFA.

All Bengals Incentives

Dallas Cowboys

DE Carl Lawson has already secured $125,000 for 5 sacks. 2 more in Week 18 would double that. The 29-year-old is a pending UFA.

DT Linval Joseph is 1 sack away from a $100,000 bonus. The 36-year-old is a pending UFA.

QB Cooper Rush has already secured a $250,000 playing time bonus this season. He can double that by taking every Week 18 snap.

All Cowboys Incentives

Denver Broncos

WR Courtland Sutton is 82 receiving yards away from maxing out a $2M bonus. The 29-year-old has already locked in $1.5M, and he holds a non-guaranteed $14M salary in 2025.

LB Cody Barton has already secured $1.25M based on playing time this year. He can add another $250,000 with 1 interception this weekend. The 28-year-old is a pending UFA.

All Broncos Incentives

Detroit Lions

QB Jared Goff can add $1M to his 2028 salary if he’s named NFL MVP. The 30-year-old has 4 years, $160M remaining on his contract.

DE Za’Darius Smith needs 2 sacks in Week 18 to secure a $250,000 bonus. The 32-year-old holds a non-guaranteed $11M in 2025.

All Lions Incentives

Green Bay Packers

CB Keisean Nixon is 1 interception away from a $50,000 bonus. The 27-year-old has 2 years, $9.6M remaining on his contract.

All Packers Incentives

Houston Texans

RB Joe Mixon is 107 rushing yards away from a $250,000 bonus. The 28-year-old has 2 years, $16M remaining on his contract, and $4M of his 2025 salary is fully guaranteed.

DT Tim Settle has eclipsed 50% snaps, securing him a $500,000 incentive for 2024. The 27-year-old holds a non-guaranteed $2.5M in 2025.

All Texans Incentives

Indianapolis Colts

DE Tyquan Lewis needs 1.5 sacks this weekend to secure a $100,000 bonus. He’s also on pace to add a $500,000 playing time bump. The 29-year-old holds a non-guaranteed $4.79M in 2025.

All Colts Incentives

Kansas City Chiefs

QB Patrick Mahomes can add $1.25M with a Super Bowl Win. The 29-year-old has 7 years, $315.7M remaining on his contract.

WR DeAndre Hopkins needs 9 catches for a $250,000 bonus. He also needs 140 receiving yards for another $250,000 bonus. With 5 touchdowns, he’s already secured a $250,000 incentive, but can add another $250,000 if he finds the end zone one more time.

WR Justin Watson has secured $400,000 based on playing time, and another $200,000 for 20+ receptions.

All Chiefs Incentives

Las Vegas Raiders

OLB Robert Spillane is on pace to max out his playing time incentive, which would secure him an extra $1M this season. The 29-year-old is a pending UFA.

With 32 receptions, RB Alexander Mattison has secured a $125,000 bonus. 8 more catches this weekend would double that.

All Raiders Incentives

Los Angeles Chargers

CB Kristian Fulton needs 1 more interception to lock in a $125,000 bonus. The 26-year-old is a pending UFA.

RB JK Dobbins has already secured $300,000 for his 842 rushing yards. Another 58 this weekend bumps that up to $450,000. Dobbins is a pending UFA.

EDGE Bud Dupree is 1 sack away from a $250,000 bonus. The 31-year-old holds a non-guaranteed $3M salary for 2025.

All Chargers Incentives

Los Angeles Rams

CB Darious Williams has already maxed out his playing time/playoff incentives, securing him an additional $2.5M this season. The 31-year-old has 2 years, $15.5M remaining, but can void the rest of his contract with a Pro Bowl nod this winter.

S Kamren Curl has already maxed out his playing time/playoff incentives, securing him an additional $2M this season. The 25-year-old is non-guaranteed $4.75M in 2025.

WR Demarcus Robinson has maxed out his $1M of playing time/playoff incentives. The 30-year-old is a pending UFA.

All Rams Incentives

Miami Dolphins

DE Zach Sieler has maxed out his $1.25M of performance incentives, raising his 2024 pay to $9.92M. The 29-year-old is under contract for 2 years, $15.95M remaining through 2026.

LB Tyrel Dodson needs 1 sack to secure a $300,000 bonus this weekend. The 26-year-old is a pending UFA.

DE Emmanuel Ogbah needs 1.5 sacks this weekend to secure a $500,000 bonus. The pending UFA has already maxed out $1.25M in playing time incentives.

DE Calais Campbell needs 1 sack this weekend to secure a $300,000 bonus. The 38-year-old is on pace to max out $725,000 in playing time incentives as well.

All Dolphins Incentives

Minnesota Vikings

LB Blake Cashman needs a half a sack this weekend to secure a $250,000 bonus. He’s on pace to max out his $250,000 playing time incentive as well.

All Vikings Incentives

New England Patriots

TE Hunter Henry secured a $1M bonus with his 66th reception last week. The 30-year-old has 2 years, $16.5M remaining on his contract, including a fully guaranteed $6.65M in 2025.

OLB Anfernee Jennings is on pace to secure a $1.5M playing time bonus, and can add another $400,000 with 1.5 sacks this weekend.

TE Austin Hooper secured a $125,000 bonus with his 41st catch of the season last week. 4 more this weekend doubles that.

All Patriots Incentives

New Orleans Saints

DT Khalen Saunders needs 1 sack and ample snaps to vest a $250,000 bonus this weekend. The 28-year-old holds a non-guaranteed $4M in 2025.

All Saints Incentives

New York Jets

OLB Haason Reddick had $5,341,728 of compensation converted to incentives per his holdout/renegotiation. Unfortunately he’s only on pace to secure $791,628 of it back. The 30-year-old is a pending UFA.

TE Tyler Conklin needs 1 catch to secure a $250,000 bonus. The 29-year-old is a pending UFA.

G John Simpson maxed out his $3M playing time escalator. He’s under contract through 2025 at $5.99M, $1M of which is fully guaranteed.

DT Javon Kinlaw needs a half sack to secure a $250,000 bonus. The 27-year-old is already on pace to max out $500,000 in playing time incentives.

OT Tyron Smith has secured $9.5M of playing time bonus this season.

All Jets Incentives

Philadelphia Eagles

RB Saquon Barkley has locked in $500,000 for posting 2,000+ yards from scrimmage. There’s another $750,000 tied to Pro Bowl & All-Pro nods, and another $500,000 available for Conf. Championship & Super Bowl wins.

All Eagles Incentives

San Francisco 49ers

DE Leonard Floyd has already secured $500,000 for 8.5 sacks. Another sack and a half this weekend doubles it.

WR Jauan Jennings has escalated his 2025 salary by the maximum $3.5M for 50% snaps played, 60+ receptions, 600+ receiving yards, and 6+ touchdowns this season.

OT Colton McKivitz has already vested a $485,000 bonus for playing time, and he can add another $135,000 to that if the 49ers remain Top 10 in Rushing Yards per Attempt (currently 7th) AND if the Niners climb into the Top 10 in Sacks Allowed (currently 11th).

All 49ers Incentives

Seattle Seahawks

QB Geno Smith has 5 passing stat categories he can cash in on. He’s 185 passing yards away from $2M, just over the 69.7% completion rate he needs for another $2M and 1 win away from yet another $2M.

K Jason Myers holds an 87.5% FG Made rate on kicks between 40-49 yards. If he keeps it over 85% this weekend, he’ll cash an extra $375,000.

All Seahawks Incentives

Tampa Bay Buccaneers

QB Baker Mayfield can secure $500,000 if he’s Top 5 in Passer Rating. He’s currently 4th. There’s another $500,000 available if he’s NFL Top 10 or NFC Top 5 in Completion %. He’s currently 2nd. There’s another $500,000 available if he’s NFL Top 10 or NFC Top 5 in Yards per Attempt. He’s currently 7th. He’s also easily on pace to secure an extra $1M for Top 10 finishes in Passing Yards and Passing TDs. This puts him on pace for a total of $2.5M in his pocket. There’s another $2.5M available in the postseason.

WR Mike Evans can add $3M to his 2025 salary with 5 catches and 85 receiving yards this weekend. He’s also easily on pace to secure a $666,668 bonus for being Top 10 in Receiving TDs. Another $2M of playoff incentives are available.

All Buccaneers Incentives

Tennessee Titans

S Amani Hooker secured $500,000 with his 5th interception. The 26-year-old is under contract through 2025 at a non-guaranteed $8.1M.

RB Tony Pollard needs 83 rushing yards to secure an extra $250,000. There’s another $200,000 available if he scores twice on the ground as well.

LB Kenneth Murray needs a half sack this weekend to secure a $250,000 bonus. The 26-year-old holds a non-guaranteed $7.5M for 2025.

EDGE Arden Key is a sack and a half away from securing a $500,000 bonus. The 28-year-old holds a non-guaranteed $7M in 2025.

All Titans Incentives

Washington Commanders

DE Dorance Armstrong needs 1 sack to secure a $250,000 incentive/escalator. The 27-year-old has 2 years, $16.1M remaining on his contract.

DE Dante Fowler Jr. needs a half sack this weekend to max out $1.5M of bonuses. He’s already secured $1.125M of that incentive, plus $500,000 based on playing time.

TE Zach Ertz has already secured $750,000 based on receptions, receiving yards, and touchdowns. He’s 9 catches, 90 yards, and 2 touchdowns away from further bonuses.

All Commanders Incentives

Michael GinnittiDecember 30, 2024

The Pro Football Hall of Fame announced its 15 finalists this week, sparking us to open up the wayback machine to uncover their contract/earnings history.

CB Eric Allen 

Career Earnings: $25.4M
NFL Seasons: 14
Teams: Eagles, Saints, Raiders

Allen’s big contract came via a restricted free agent offer sheet from the New Orleans Saints. The Eagles refused to match the 5 year, $14 million contract that Allen would split between the Saints & Raiders through 1998.

DE Jared Allen

Career Earnings: $97.8M
NFL Seasons: 12
Teams: Chiefs Vikings, Bears, Panthers

Allen utilized free agency to his financial advantage, cashing in first with the Vikings ($73M+), then the Bears ($32M). He’s the 21st highest paid edge defender in league history at the time of this piece.

OT Willie Anderson

Career Earnings: $50.5M
NFL Seasons: 13
Teams: Bengals, Ravens

Spent 12 seasons with the Bengals, who drafted him #10 overall back in 1996, garnering contract extensions of $29.8M & $23.1M before moving on to Baltimore for one final year.

OG Jahri Evans

Career Earnings: $55.3M
NFL Seasons: 12
Teams: Saints, Packers

The 4th round selection back in 2006 secured a $56M+ free agent contract to remain in New Orleans 4 years later, setting up an 11-year run with the Saints.

TE Antonio Gates

Career Earnings: $70.9M
NFL Seasons: 16
Teams: Chargers

The undrafted free agent out of Kent State went on to earn over $70M in 16 illustrious seasons with the Chargers franchise, which still ranks 7th all-time among tight ends. 

WR Torry Holt

Career Earnings: $46.8M
NFL Seasons: 11
Teams: Rams, Jaguars

One of the key cogs in the Best Show on Turf, the #6 overall selection from the 1999 draft capitalized on a $42M contract extension with the Rams before the 2003 season.

LB Luke Kuechly

Career Earnings: $63.8M
NFL Seasons: 8
Teams: Panthers

The #9 overall pick in 2012 was a 5-time All-Pro, 7-time Pro Bowler and the beneficiary of a 5 year, $62 million extension with Carolina back in 2015. His career ended shorter than expected due to multiple injuries (notably concussion-based).

QB Eli Manning

Career Earnings: $252.2M
NFL Seasons: 16
Teams: Giants

The famously traded #1 overall pick back in 2004 helped the Giants secure 2 Super Bowls, while securing himself over $250M on the field (still 9th all-time). Eli’s contract history is fairly clean: a $45M rookie contract, a $97.5M first extension, and a final $84M extension.

WR Steve Smith Sr.

Career Earnings: $81M
NFL Seasons: 16
Teams: Panthers, Ravens

One of the more polarizing players of his generation, Smith, a middle 3rd round draft pick, secured three contract extensions from the Panthers before finishing off his career in Baltimore.

EDGE Terrell Suggs

Career Earnings: $108.2M
NFL Seasons: 17
Teams: Ravens, Cardinals, Chiefs

The 7-time Pro Bowl, 2-time Defensive Player of the year, 2-time Super Bowl champion compiled 139 sacks in 244 games, while his $108M+ earned still ranks 16th among edge defenders all-time. Baltimore took their time paying the #10 overall pick out of Arizona State, franchise tagging Suggs twice before finalizing a $62.5M extension back in 2009.

RB Fred Taylor

Career Earnings: $40.9M
NFL Seasons: 13
Teams: Jaguars, Patriots

The #9 overall pick out of Florida gave Jacksonville 11 great seasons, including 7 in which he compiled over 1,000 yards rushing. The Jags rewarded the Pro Bowler with contract extensions of $18.4M & $19.8M through 2008, before he finished off his career with a cup of coffee in New England.

K Adam Vinatieri

Career Earnings: $51.1M
NFL Seasons: 24
Teams: Patriots, Colts

One of the most decorated kickers in league history, Vinatieri essentially had two full careers: One as a Patriot, One as a Colt. The success and longevity scored him over $51M on the field, 2nd only to  Sebastian Janikowski ($53.2M) all-time.

WR Reggie Wayne

Career Earnings: $65.3M
NFL Seasons: 14
Teams: Colts

The 6-time Pro Bowler went over 1,000 yards receiving 8 times in his illustrious career, all with the Colts (he spent an offseason in New England but retired before Week 1). Indy locked in the #30 overall pick out of Miami to extensions of $39.5M & $17.5M over a 14-year span.

S Darren Woodson

Career Earnings: $28.2M
NFL Seasons: 12
Teams: Cowboys

A second round pick out of Arizona State, Woodson was a 3-time All-Pro and a 3-time Super Bowl champion for the Cowboys, securing 23 interceptions and a team-high 1,350 stops in 178 games for Dallas. He locked in extensions of $18M & $20M but a disc/back injury derailed his 2004 season and ultimately led to his retirement.

OL Marshal Yanda

Career Earnings: $70.2M
NFL Seasons: 13
Teams: Ravens

A 3rd round pick out of Iowa, Yanda’s $70M+ earned on the field still ranks 8th among guards all-time. The 2-time All-Pro secured contract extensions of $32M, $31.9M, & $10M over his 13 seasons in Baltimore.

Michael GinnittiDecember 18, 2024

Kirk Cousins move to the bench lights a fire under what could be a fascinating offseason for the underachieving Atlanta Falcons. We’ll detail a few options for the Cousins contract in the coming months:

Kirk Cousins Remaining Contract

As it currently stands, Cousins carries the following compensation through the 2027 season:

2025: $27.5M (fully guaranteed)
2026: $45M ($10M guarantees March 16th, 2025)
2027: $45M ($10M guarantees March 2027)

Thanks to a $50M signing bonus this past March, the Falcons carry $37.5M of bonus dead cap in 2025 (¾ of the $12.5M per year bonus proration). This figure will remain with Atlanta regardless of the outcome going forward.

Atlanta Releases Kirk Cousins

Before March 16th, 2025
Dead Cap: $65M ($27.5M of which is cash)

Before March 16th as a Post 6/1 Designation
$40M cap hit stays on the books through June 1st, then:
2025 Dead Cap: $40M ($27.5M of which is cash)
2026 Dead Cap: $25M

Between March 16th - June 1st
Dead Cap: $75M ($37.5M of which is cash)

After June 1st, 2025
2025 Dead Cap: $50M ($37.5M of which is cash)
2026 Dead Cap: $25M

Atlanta Cap Converts, then Releases Kirk Cousins

If a trade partner doesn’t surface, the Falcons can process a salary cap conversion on Cousins’ contract before releasing him.

By converting $26.25M of 2025 salary into a signing bonus, Atlanta can lower Cousins’ cap hit next season down to $19M (it’s currently $40M). Then, they can designate Cousins a Post June 1st release before March 16th (when that extra $10M kicks in), carry his $19M cap hit into June, then take on dead cap hits of:

2025: $19M
2026: $45.9M

Atlanta Trades Kirk Cousins

March 16th remains an important date as it triggers the full guarantee of $10M in 2026 compensation. It should also be noted that Atlanta can and probably will retain a portion of guaranteed salary to help facilitate a trade, though that would push the Falcons’ 2025 dead cap hit north of $40M.

Before June 1st
Falcons Dead Cap
2025: $37.5M

New Team Acquires
2025: $27.5M (fully guaranteed)
2026: $45M ($10M guarantees March 16th)
2027: $45M ($10M guarantees March 2027)

After June 1st
Falcons Dead Cap
2025: $12.5M
2026: $25M

New Team Acquires
2025: $27.5M (fully guaranteed)
2026: $45M ($10M guaranteed)
2027: $45M ($10M guarantees March 2027)

Kirk Cousins Retires

With $27.5M of fully guaranteed salary (+ $10M more set to lock in), it stands to reason that Cousins would stick out another NFL season. However, the 36-year-old has already accrued over $294M in career earnings through 2024, so money is only a part of the story here.

Hypothetically speaking though if a decision to retire is made, Atlanta would still be on the hook for the $37.5M in signing bonus proration, UNLESS, the Falcons work to recoup some of that signing bonus per his retirement (Spoiler: The team isn’t going to arbitrate to recoup money from a player they no longer want on their roster, and certainly don’t want to be paying another $37.5M salary to going forward).

Michael GinnittiDecember 11, 2024

Spotrac’s annual NFL Roster Bubble report identifies players that have the potential to be released, traded, or retire after the current 2024 season, including notable financial ramifications for each.

RELATED: 2025 Cap Hit Rankings

JUMP TO:

  • QB
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QUARTERBACKS

This year's QB bubble list highlights an immovable contract, a few highly-drafted trade candidates, and a few savvy vets that could be passed over for a youth movement in the coming months.

PLAYER 2025 CAP HIT 2025 DEAD CAP OUTLOOK
Deshaun Watson (CLE, 29) $72,935,000 $172,770,000 The provided numbers here are inconceivable, but real, further compounding a titanic mess in Cleveland. Nothing would surprise us at this point, but a situation where the Browns eat a portion of the $92M remaining, packaged with a draft pick or two to facilitate a trade for Watson isn’t too wild - thought it would mean a dead cap hit at or around $100M when all is said and done. Until Cleveland says otherwise, this is a must-watch situation.
Matthew Stafford (LAR, 36) $53,666,666 $49,333,336 Stafford is playing well enough to keep around for 2025, but the contract offers the Rams a decent out after 2024 if they look to make an aggressive move this offseason. There’s $49.3M of dead cap to deal with, including $4M cash, so a move is in no way a likely outcome.
Derek Carr (NO, 33) $51,458,000 $50,132,000 Carr is a fringe bubble candidate both because of performance & contractual ramifications. The Saints could designate him a Post 6/1 release before March 16th, taking on dead hits of $21.4M in 2025; $28.6M in 2026.
Daniel Jones (NYG, 27) $41,605,000 $22,210,000 Jones was given every opportunity to win a 3rd year from his contract, but it wasn’t meant to be. NYG likely rips the dead cap band-aid off all at once here, taking on the $22.21M in 2025, freeing up $19.4M of cap.
Geno Smith (SEA, 34) $38,500,000 $13,500,000 Smith is a winning QB and a phenomenal resuscitation story, but he’ll remain a year-to-year player from here out regardless. The Seahawks don’t have a better option right now, but things can change quickly, and there’s $25M of cap to be freed here if needed. For the record, Smith is as much an extension candidate as he is a release.
Aaron Rodgers (NYJ, 41) $23,500,000 $49,000,000 Whether it’s a trade, a release, or a retirement, the Jets are on the hook for $49M of dead cap to move on from Rodgers in 2025. A Post 6/1 transaction is the most likely outcome, splitting that number into $14M for 2025; $35M for 2026.
Gardner Minshew (LV, 28) $14,000,000 $7,660,000 $3.16M of Minshew’s 2025 salary is fully guaranteed, so an outright release would mean a bit of a buyout here (though offset language could help refund some of that down the road). 
Bryce Young (CAR, 23) $10,351,383 $22,427,997 The Panthers have already received initial trade calls on Young, so it’s not inconceivable that they continue to listen this offseason. A Post 6/1 trade would free up $4.2M of cap.
Anthony Richardson (IND, 22) $9,271,099 $20,087,382 The Colts reportedly fielded trade calls for Richardson at the deadline, but appear poised to attempt to develop him as quickly as possible on the field. If the current administration decides he’s too big of a project for their current window, a pre-draft move could be possible, though it would cost Indy around $1.6M of cap space.
Will Levis (TEN, 25) $2,602,409 $4,827,467 With $2.85M of Levis’ remaining salary fully guaranteed, the Titans will lose salary cap space to outright release him (even after June 1st). Barring a trade (which would free up $632k of cap before 6/1), it’s likely that Levis remains with Tennessee, even if he relinquishes the QB1 role in 2025.
Aidan O'Connell (LV, 26) $1,157,345 $254,690 O’Connell has been in and out of the starting lineup for LV across 2023-2024, but has no real path to keep that role going forward. He’s cheap enough to stash as a backup for another season or two, but The Raiders could just opt for the $900k of savings here as well.
Skylar Thompson (MIA, 27) $1,120,554 $20,554 Thompson’s foothold as a backup in Miami seems to be extremely shaky, and the Dolphins will need every bit of the $1.1M of cap to be opened up here AND a viable QB2 to account for Tua’s fragility.

RUNNING BACKS

As running back salaries have plummeted, the annual bubble list for these players has shrunk, as teams are more than happy to keep these players at veritable values. The following list outlines a free agent bust or two, a potential high-profile trade candidate, and more than a few role players headed toward the chopping block next spring.

PLAYER 2025 CAP HIT 2025 DEAD CAP OUTLOOK
Miles Sanders (CAR, 27) $8,175,000 $2,950,000 Sanders hit the IR with an ankle injury that likely ends his unsatisfying tenure in Carolina. A $1M roster bonus due March 14th is a hard deadline here.
Jamaal Williams (NO, 29) $4,630,000 $2,340,000 Williams is a role player in New Orleans, and likely won’t eclipse the 200 snap mark in 2024. A $700,000 roster bonus due March 16th becomes the date to watch.
Raheem Mostert (MIA, 32) $4,065,000 $1,000,000 Injuries have torpedoed Mostert’s 2024, setting up Miami to move forward with De’Von Achane and Jaylen Wright in 2025 and beyond.
Austin Ekeler (WSH, 29) $5,110,000 $1,500,000 Ekeler has shown flashes of his old self at times in 2024, but the Commanders likely opt for the $3.6M of space as they push to improve a blossoming roster.
Antonio Gibson (NE, 26) $4,000,000 $3,175,000 Gibson is the clear RB2 in NE right now, and $1.175M of his 2025 salary is fully guaranteed, but the Pats have cap space to burn if there’s an opportunity to upgrade here.
Zack Moss (CIN, 27) $4,975,000 $1,500,000 Moss was brought in to take over Joe Mixon’s RB1 role, but was quickly usurped by Chase Brown. He’s likely too expensive to hang as a role player in 2025.
Breece Hall (NYJ, 23) $2,868,337 $934,050 The Jets may be headed for an aggressive tear down this spring, which could lead to core names hitting the trade block. With Braelon Allen in the fold, Hall might be expendable per the current window.
Gus Edwards (LAC, 29) $4,250,000 $1,125,000 An ankle injury & father time dampened Edwards’ move to LA, putting his 2025 campaign in jeopardy. A long-term extension for JK Dobbins could force the Chargers to go a bit cheaper at RB2.
Cordarrelle Patterson (PIT, 33) $3,750,000 $950,000 Patterson has been involved in less than 10% of Pittsburgh’s snaps this season. Even with Najee Harris slated for free agency, the Steelers likely opt for the cap space here initially speaking.
DeeJay Dallas (ARZ, 26) $3,083,333 $666,667 Dallas is a Top 15 kick returner, but finds himself squarely in the RB4 role offensively speaking. 
Zamir White (LV, 25) $1,285,983 $185,983 White was given a chance to grab the RB1 role by the reins this season, but has done little to prove he’s worthy. He holds a non-guaranteed $1.1M salary for 2025.
Ty Chandler (MIN, 26) $1,174,710 $74,710 The acquisitions of Aaron Jones & Cam Akers pushed Chandler into a heavy reserve role for much of 2024. There’s a chance he can work his way back into favor next offseason, but a non-guaranteed $1.1M salary makes him expendable.

Wide Receivers

PLAYER 2025 CAP HIT 2025 DEAD CAP OUTLOOK
Davante Adams (NYJ, 32) $38,340,666 $8,362,664 Adams may or may not be tied to Aaron Rodgers’ future in NY, but regardless of that outcome, the 2 year, $72.5M ($36.25M per year) contract has to go first.
D.K. Metcalf (SEA, 27) $31,875,000 $21,000,000 Extension most likely, trade possible?
Tyreek Hill (MIA, 30) $31,186,750 $69,599,500 Retirement? Trade? Hill is fully guaranteed through 2025 so it would take a blockbuster action to move on from him this winter.
Tyler Lockett (SEA, 32) $30,895,000 $4,000,000 Lockett renegotiated before 2024 to stick around, but the deal includes no guarantees in 2025. A $5.3M roster bonus is due March 16th, so that’s the early cut off date.
Deebo Samuel (SF, 29) $28,290,153 $31,517,612 Entering a contract year in SF, Deebo is realistically a (Post 6/1) release, trade, and extension candidate all at once.
Christian Kirk (JAX, 28) $27,268,000 $13,536,000 Kirk broke his collarbone during a Week 8 matchup, further putting his future in JAX up in the air. None of his $16.5M walk year is guaranteed.
Allen Lazard (NYJ, 29) $13,184,000 $6,552,000 Lazard’s production has predictably increased with Rodgers at the helm, but that should prove a moot scenario come March.
Kendrick Bourne (NE, 29) $7,900,000 $2,800,000 Bourne has completely fallen out of favor with this NE offense since returning from an ACL injury in Week 5 & has no guaranteed compensation in 2025.
Treylon Burks (TEN, 24) $4,572,143 $4,572,143 The Titans will almost certainly decline Burks’ 5th-year option for 2026, and it’s not out of the question that they give up on the former #18 overall pick altogether. A late round pick trade could be on the table.
Cedrick Wilson (NO, 29) $3,400,000 $1,000,000 The Saints annual push toward cap compliancy requires flexing out contracts like these.
Michael GinnittiDecember 02, 2024

NFL MVP Conversation

QB Josh Allen, -230
RB Saquon Barkley, +500
QB Lamar Jackson, +1100
QB Jared Goff, +1100
QB Patrick Mahomes, +1500

According to FanDuel Sportsbook, Bills QB Josh Allen still holds a commanding grip on the MVP, an honor that would bag him an additional $1.5M this season. An upcoming game against Jared Goff and the Lions could be a very big step forward or backward in this race.

RB Saquon Barkley is on pace to approach Eric Dickerson’s 2,105 rushing yard figure, and if he gets there - could really contend for this honor, despite not being a quarterback.

Lamar Jackson (and the Ravens) suffered a demoralizing loss to Philadelphia this weekend, seemingly dialing back whatever hype or momentum surrounding the Baltimore franchise until further notice.

Philly’s refusal to go away should keep Goff & the Lions motivated all the way through Week 18, but it won’t be an easy run for Detroit: Green Bay, Buffalo, @ Chicago, @ San Francisco, Minnesota.

Mahomes doesn’t have the surface stats to belong in this conversation, but his efficiency and timely clutch performances along with a sparkling 11-1 record keep him relevant (for now). 

Kirk Cousins’ Downslide

Despite losing three straight, the Falcons still find themselves atop a miserable NFC South. In those three losses, QB Kirk Cousins has posted a 61 Passer Rating, throwing for 0 touchdowns and 6 interceptions. The fanbase is now on high alert, especially with newly drafted Michael Penix, Jr. awkwardly waiting in the wings.

Contractually speaking, Cousins $27.5M salary for 2025 is already fully guaranteed. A $10M roster bonus for 2026 will become fully guaranteed on March 16th. An outright release next March means $65M of dead cap. A trade next March means $37.5M of dead cap (though Cousins holds a full no trade clause). At this point, the contract is still telling us that Cousins likely remains with Atlanta through 2025, but patience may prove to be impossible soon.

Christian McCaffrey’s 2024 Finale

After months of intense rehab to repair an achilles injury, RB Christian McCaffrey’s return to the field appears to be short-lived, after a PCL injury against Buffalo likely has him sidelined for the remainder of 2024.

McCaffrey signed a renegotiated contract with the 49ers this past June that put him under contract through the 2027 season, including $8.5M guaranteed through 2025. Assuming a return to full health, the 28 ½ year old should be back to collect another $16.2M total next season, raising his career earnings to nearly $98M.

Trevor Lawrence Torpedoed

Following one of the dirtier plays in years, Jaguars QB Trevor Lawrence sustained a serious head/brain injury that will likely end his 2024 campaign, furthering the concern for Jacksonville’s clear roster deficiencies this offseason.

Lawrence is finishing out Year 1 of a 7 year, $306.3M contract that includes $202M of practical guarantees through 2028. His team-friendly $17M cap figure for 2025 should aid in the continued build-up of the roster, though this weekend’s injury will be something to monitor for the remainder of his career.

Taysom Hill’s Tenure in New Orleans

Despite a plethora of passing-oriented incentives built into his contract, Taysom Hill never developed into an NFL-worthy QB. That didn’t stop him from becoming one of the most impactful Saints players over the past 5 years, as a tight end, rusher, & special teamer.

A serious knee injury this weekend almost certainly ends his 2024 campaign, but will it also bring his tenure in New Orleans to a close as well? The 34-year-old  has 1 year, $10M (non-guaranteed) remaining on his contract.

Michael GinnittiNovember 15, 2024

With the midway point of the 2024 NFL season now in the rearview mirror, it’s a good time to reassess where each starting quarterback stands in terms of their stability on the field, but also contractually speaking going forward.

Kyler Murray (ARZ)

4 years, $157.8M Remaining

3 years, $111.5M Practical

The Cardinals have turned a corner and Murray is back to producing at his peak. This was one of the contracts on a watch list 6 months ago. That’s no longer the case. Furthermore, Arizona hasn’t had to touch this deal from a cap perspective through three seasons, and may not need to again in 2025 ($45.6M cap against a potential $270M league threshold).

Kirk Cousins (ATL)

3 years, $117.5M Remaining

1 year, $50M Practical

The numbers are down both in terms of efficiency and total production, but there’s still time for Cousins and his new offense to find a little more rhythm. It’s still very likely that Atlanta sticks with Cousins through the 2025 season before turning the keys over to Michael Penix Jr., but it’s not entirely impossible that that discussion begins this coming offseason.

Lamar Jackson (BLT)

3 years, $147.5M Remaining

2 years, $95.5M Practical

The two-time MVP remains an MVP candidate - if not favorite, heading toward December. All $43.5M of Jackson’s 2025 compensation is fully guaranteed already, and $29M of his 2026 salary locks in this coming March. Baltimore likely keeps his $43.65M cap hit in place next season, as things jump quickly thereafter ($74.65M).

Josh Allen (BUF)

4 years, $129.5M Remaining

1 year, $14.5M Practical

Buffalo quietly adjusted Allen’s deal this past spring, pulling $30M of cash forward (and building in a nice incentive package) for 2024 to sweeten his pot. The move however leaves him with just $14.5M to be earned in 2025, the last year of his deal with early vesting guarantees. Teams generally don’t rip up contracts with four years remaining on them, but it shouldn’t come as a surprise if the Bills and Allen are at the negotiating table in the coming months, discussing an APY that’s double his current $32.5M remaining. 

Bryce Young (CAR)

2 years, $10.1M + Option Remaining

2 years, $10.1M Practical

Not exactly how they drew it up on draft night, but Young has fared better since returning from a mini-benching early on in 2024. The Panthers have an awful lot to improve upon this coming offseason, but starting over at the QB position probably isn’t a priority - yet.

Caleb Williams (CHI)

3 years, $13.1M + Option Remaining

3 years, $13.1M Practical

Williams and the Bears offense haven’t exactly meshed together out of the gate, and the 22-year-old is now already on to his 2nd offensive coordinator in the league. Chicago has time and resources to turn this around quickly if it’s developed and managed properly. Ben Johnson may soon have the largest contract offer in NFL coaching history.

Joe Burrow (CIN)

5 years, $198.8M Remaining

3 years, $107.8M Practical

A healthy Burrow has rounded right back into top form this season, posting near-career-highs as we head toward December. The 27-year-old earned the biggest payday on his entire contract this season ($65.7M), and is early vested through the 2027 season.

Deshaun Watson (CLE)

2 years, $92M Remaining

2 years, $92M Practical

Unfortunately, we’re running out of new ways to discuss this one. An achilles injury torpedoed what was already a miserable 2024 campaign, adding further pressure on the Browns’ organization to seriously consider making a rash decision on this albatross of a contract. We’re an offseason removed from Denver taking on $85M of dead cap ($38M cash) to move off of Russell Wilson. For the Browns to move on from Watson, we’re talking about $172.7M of dead cap ($92M cash). Alternatively, Watson’s cap hit in 2025 is currently $72.935M, so another cap-conversion just to keep the rest of the roster intact is likely, making for more pain in 2026-2027.

Dak Prescott (DAL)

4 years, $187.75M Remaining

3 years, $132.75M Practical

Off to a rocky start (including season-ending hamstring surgery), Dak’s contract is fully secured through 2025 right now, and practically guaranteed through 30% of 2028 compensation. The Cowboys have a big offseason coming up to reset their window.

Bo Nix (DEN)

3 years, $7.4M + Option Remaining

3 years, $7.4M Practical

The Broncos went all-in on turning over a new leaf at the QB position, and early marks say it’s panned out. Russell Wilson’s $32M dead cap hit in 2025 stings, but it’s offset nicely by at least two more years of maximum value from this Nix contract. The 24-year-old won’t become extension-eligible until after the 2026 season.

Jared Goff (DET)

4 years, $160M Remaining

3 years, $113M Practical

Goff is now headlining the most explosive offense in football, putting up efficiency numbers that sit atop the league (and some all-time lists as well currently). Furthermore, he holds a very manageable $32.6M cap hit in 2025 (which can be lowered to $19.2M per a cap conversion), allowing the Lions plenty of room to operate this coming offseason.

Jordan Love (GB)

4 years, $152M Remaining

2 years, $84M Practical

The Packers wasted no time locking up Love after he sat behind Aaron Rodgers for the better part of 3+ seasons. As per usual with Green Bay’s contracts, Love’s deal is heavy cash front-loaded ($79M) which affords them both cap & cash flexibility moving forward. Love is cap friendly ($29.7M, $36.1M) through 2026.

C.J. Stroud (HOU)

2 years, $9.7M + Option Remaining

2 years, $9.7M Practical

The honeymoon is over with Stroud and this Houston team, but things still look extremely positive in both regards. The Texans will gain at least one more season of maximum value from this rookie contract ($9.9M in 2025) before Stroud will be extension-eligible. If things stay on their current path, he’ll be in line to reset an already soaring market next winter.

Anthony Richardson (IND)

2 years, $9.1M + Option Remaining

2 years, $9.1M Practical

An injury plagued rookie season has now been compounded by poor play, and a mini benching in Year 2. It’s safe to say that the 2025 offseason will be a big one both for Richardson and his future as a QB1, and for this Colts organization as they push to remain relevant in the AFC South.

Trevor Lawrence (JAX)

6 years, $267.3M Remaining

4 years, $163M Practical

Lawrence and the Jaguars agreed to keep this marriage together for the better part of 5 more seasons this past summer, and early returns aren’t great. The good part? Lawrence’s cap hits over the next two seasons ($17M, $24M respectively) give the Jags plenty of flexibility to improve this roster as needed - and it’s needed.

Patrick Mahomes (KC)

7 years, $315.5M Remaining

3 years, $160M Practical

The Chiefs sweetened the middle portion of Mahomes’ contract to account for the fact that the best football player on the planet was drastically underpaid (due to a terrible contract decision). That maneuver should hold both sides over through 2027, but 32-year-old Mahomes should be in position to reset the sports contract market thereafter.

Justin Herbert (LAC)

5 years, $222.5M Remaining

4 years, $172.5M Practical

Herbert is putting together his overall best season to date in 2024, setting the Chargers up to quickly rebuild this roster into a true Harbaugh machine as quickly as possible. Herbert’s contract is secured through 2027, with $25M of 2028 compensation also carrying an early trigger.

Matthew Stafford (LAR)

2 years, $62M Remaining

$4M Guaranteed

Stafford’s contract was tweaked a bit this summer to dedicate a bit more cash to 2024, and fully guarantee a $4M roster bonus due next March. While it seems unlikely that the Rams would move on after 2024, the contract certainly allows for it. Crazier things have happened in LA.

Gardner Minshew (LV)

1 year, $12.5M Remaining

$3.16M Guaranteed

Minshew has worked in and out of the starting role thus far in 2024, putting his future in serious doubt. The Raiders can free up $6.18M of 2025 salary cap by releasing him next March, but they’ll need to pay him $3.16M out the door.

Tua Tagovailoa (MIA)

4 years, $192.5M Remaining

2 years, $109M Practical

Tua’s career seems to be hanging in the balance every time he steps on the field, but the simple fact of the matter is that Miami is a much better football team when he’s out there. Contractually, the Dolphins are tied to all $51M of his 2025 compensation, while $54M of 2026 salary fully guarantees this coming March.

Sam Darnold (MIN)

Pending Free Agent

The shine on Darnold’s season has worn off a bit, but he still pegs to be the most notable free agent quarterback on the open market this March. Will there be a slam dunk starting opportunity for him out there? If so, Baker Mayfield’s 3 year, $100M re-up in Tampa Bay seems a likely starting point. Behind him, J.J. McCarthy has 3 years, $8.5M plus an option through 2028.

Drake Maye (NE)

3 years, $12.4M + Option Remaining

3 years, $12.4M Practical

Maye’s progression out of the gate - despite an underwhelming offense around him - has been one of the brighter spots of 2024 thus far. The Patriots, and their league high $100M+ cap space, could be poised for a massive offseason to ramp up and get the most out of Maye while he holds max value.

Derek Carr (NO)

2 years, $90M Remaining

$10M Guaranteed

When healthy, Carr’s been an efficient option for an underperforming Saints team, and New Orleans doesn’t appear to have their next QB1 currently rostered. While Carr’s deal does offer a soft out after 2024, it seems likely that he’ll get one more year out of this contract before all parties cut ties.

Daniel Jones (NYG)

2 years, $78M Remaining

$23M injury guarantee

Jones’ time in NY is dwindling. There’s simply no other way to look at it right now. His contract carries a $23M injury guarantee for the 2025 season, and with 2024 more than half gone, it’s just smart business for the Giants to sit him down and preserve their ability to release him next March, a move that will free up at least $19.4M of cap ($30.5M if Post June 1st). 

Aaron Rodgers (NYJ)

1 year, $37.5M Remaining

No future guarantee

Rodgers and Jets have been largely disappointing in 2024, setting up an awful lot of big decisions from the top down this winter. If Rodgers wants to continue his career, it seems plausible that the Jets would strongly consider keeping him through 2025 (unless Jordan Travis becomes an offseason star), but so much of this depends on how chips fall with the GM/Coaching Staff, etc… in the coming weeks. If this is it for Rodgers and the Jets (release/retirement/trade), NYJ will need to take on $49M of unallocated bonus dead cap going forward.

Jalen Hurts (PHI)

4 years, $195M Remaining

3 years, $144M Practical

The Hurts contract was looking like a problem prior to 2024, but he’s mostly righted the ship thus far this season, navigating his Eagles squad into 2 seed contention in the NFC. The 26-year-old is mostly guaranteed through 2026 right now, with early vesting triggers leading through the 2027 season.

Russell Wilson (PIT)

Pending Free Agent

Wilson hasn’t looked back since taking over the QB1 role from Justin Fields 4 weeks ago, setting himself up for a potential contract extension to remain as such for the next year or two. The projected $42M franchise tag seems a bit much for this current situation right now, and it’s unclear if other teams would be bidding for Wilson’s services just yet, but all of it should be on the table at this point.

Geno Smith (SEA)

1 year, $25M Remaining

Non-Guaranteed

The final year of Smith’s contract in Seattle includes a $10M roster bonus due March 16th (which could escalate a bit based on 2024 incentives). The 34-year-old’s efficiency numbers are largely down, but the overall production has remained consistent for the better part of 2 ½ seasons. A healthy set of weapons down the stretch could help to solidify his role in 2025. The Seahawks can free up $25M of cap space if they decide to cut ties.

Brock Purdy (SF)

1 year, $1.11M Remaining

Non-Guaranteed

Quite possibly the biggest name to watch as the calendar turns to 2025, Purdy has a very strong chance of resetting the NFL contract market - an unimaginable feat for a former #262 overall draft pick. The Niners may try to slow play this and make him play out his rookie contract before finalizing anything significant, but Purdy & his representation likely won’t stand for that this offseason.

Baker Mayfield (TB)

2 years, $70M Remaining

$10M Guaranteed

At this point the question isn’t will Mayfield and the Buccaneers continue on together, it’s will Mayfield agree to remain in this contract? He enters Week 11 with a Passer Rating north of 103, a Completion Percent north of 70, and  24/9 TD/INT split. The Bucs probably want him to remain on the $30M salary through 2025 before discussing something new, but it’s a powerful time for legitimate QB1s in this league.

Will Levis (TEN)

2 years, $3.61M Remaining

$2.85M Guaranteed

It’s been a miserable go around for Levis in his sophomore campaign when combining both injury & poor play. There’s a very realistic chance that Tennessee signs or drafts his replacement this coming spring, pushing Levis into a backup role, or simply buying out his remaining contract to move on completely ($4.8M dead cap).

Jayden Daniels (WSH)

3 years, $12.67M + Option Remaining

3 years, $12.67M Practical

So far so good, though a recent injury has slowed the honeymoon phase of Daniels’ rookie campaign dramatically. The Commanders have notable pieces in place on both sides of the ball right now, setting up what could be a very aggressive offseason now that they have a taste of legitimacy for the first time in a long time.

 

Michael GinnittiNovember 12, 2024

As we turn the page into the second half of the 2024 regular season, the time to start collecting potential offseason contract decisions begins now. Spotrac starts that process with a look at players who are trending toward signing a contract that would reset their respective position’s market.

RELATED: Spotrac’s Market Values

QUARTERBACK: Brock Purdy

Market Highs:
APY: $60M
Guarantee: $231M
APY of Cap: 24.47%

I know, I can’t believe I’m saying it either, but enough is enough. The 2022 Mr. Irrelevant has become one of the most efficient passers in football, enters Week 11 as the #8 ranked QB in football according to PFF, and now carries a valuation near $60M in our system.

He’s under contract through 2025 at $1.1M, but it’s tough to imagine him (or agent Kyle Strongin) letting things go any further without a substantial pay raise. There’s a very clear path to that raise now coming in at or above Dak Prescott’s 4 year, $240M mark.

Prediction: 4 years, $250M

RUNNING BACK: None

Market Highs:
APY: $19M
Guarantee: $26.5M
APY of Cap: 7.44%

James Conner, Najee Harris, Aaron Jones, & JK Dobbins lead the pending free agent class, while Kyren Williams, Brian Robinson, & Kenneth Walker can be considered early extension candidates.

WIDE RECEIVER: Ja’Marr Chase

Market Highs:
APY: $35M
Guarantee: $110M
APY of Cap:13.70%

Despite an offseason “hold-in” as he attempted to lock in an extension, Chase is on pace to obliterate his career highs (100 receptions, 1,455 yards, 13 TDs). With Tee Higgins’ likely moving on in free agency next March, Cincinnati will have no excuse but to give their former #5 overall pick an exceptional pay raise. Not to mention, the Bengals will be looking to significantly lower his current $21.8M cap hit for 2025, stemming from a fully guaranteed 5th-year option.

Chase currently holds an even $32M valuation in our system, projecting toward a 4 year, $128M extension. Justin Jefferson’s $35M per year is the current top mark among Wide Receivers.

Prediction: 4 years, $145M

TIGHT END: George Kittle

Market Highs:
APY: $17.125M
Guarantee: $40.1M
APY of Cap: 7.81%

Kittle will be entering a contract year in 2025, set to earn a non-guaranteed $15M. The 31-year-old has been exceptionally reliable over the past 4 seasons, and currently ranks as the #1 Tight End in football according to PFF.

The only real precedent we have for a TE maxing out at this age is Travis Kelce’s renegotiation in Kansas City (2 years, $34.5M) this past summer. Kittle’s valuation puts him right there (2 years, $32.5M). 

Prediction: 2 years, $36M

TACKLE: Rashawn Slater

Market Highs:
APY: $28.12M
Guarantee: $88.2M
APY of Cap: 11.1%

The #13 overall pick from 2021 has lived up to the hype, and now combines with newly drafted Joe Alt as maybe the best bookend pairing in all of football. With QB Justin Herbert now fully locked in for the foreseeable future, aligning Slater with him should be a priority this coming winter.

Slater is under contract through 2025 on a fully guaranteed $19M salary, holding a $22.3M valuation in our system. Mathematically speaking, he’s a long way off of Tristan Wirf’s league-high $28.1M APY, but the rising salary cap and further need for consistency across an OL could force the Chargers to play ball near the top of this market. Indy’s Bernhard Raimann & Seattle’s Charles Cross could also be in consideration here.

Prediction: 5 years, $130M

GUARD: Trey Smith

Market Highs:
APY: $21M
Guarantee: $63M
APY of Cap: 9.61%

The last thing the Chiefs need is another important piece of their puzzle in need of a top of the market contract - but here we are. The former 6th round pick out of Tennessee has improved mightily each year, culminating with career bests in 2024 thus far.

Mathematically speaking he’s a $19M player in our system, so a push to Landon Dickerson’s $21M per year mark isn’t far off.

Prediction: 4 years, $88M

CENTER: Tyler Linderbaum

Market Highs:
APY: $18M
Guarantee: $50.3M
APY of Cap: 7.4%

The Ravens 1st Round Pick back in 2022 has progressively improved each of his first three seasons, and can now be classified as one of the best (and most reliable) centers in all of football. Linerbaum will become extension-eligible for the first time after 2024, and the Ravens will have the ability to exercise a 5th-year option for the 2026 season, so time isn’t of the essence here. But it seems to be only a matter of time before big dollars come his way.

Prediction: No Extension until 2026

INTERIOR DEFENDER: None

Market Highs:
APY: $31.75M
Guarantee: $95M
APY of Cap: 12.4%

B.J. Hill, Chauncey Golston, & Levi Onwuzurike headline the pending free agent class, while Travis Jones, D.J. Reader, & David Onyemata represent early potential extension candidates.

EDGE DEFENDER: T.J. Watt / Micah Parsons

Market Highs:
APY: $34M APY
Guarantee: $122.5M
APY of Cap:15.34%

Watt will be entering a contract year in 2025, set to earn $21.05M (the same compensation he’s earning in 2024). The newly 30-year-old is still performing at a Defensive Player of the Year level, which should prompt the Steelers into lowering his current $30.4M cap hit with an extension this coming offseason. Watt holds a $32M valuation in our system, so it shouldn’t take much to get past Nick Bosa’s mark.

Parsons will be entering his 5th-year option year in 2025, set to earn a fully guaranteed $21.3M. While an ankle injury has greatly limited his 2024 season thus far, it’s extremely hard to imagine that Parsons shows up to any offseason workouts without a new deal. Has he done enough to warrant a $35M+ per year extension? The math ($29M) says no, but logic says otherwise.

Predictions: Watt: 3 years, $120M; Parsons: 4 years, $150M

OFF-BALL LINEBACKER: None

Market Highs:
APY: $20M APY
Guarantee: $60M
APY of Cap:10.4%

A position that continues to be devalued more and more every offseason appears to have one of its weakest classes ahead of it in terms of both pending free agents, and potential extension candidates. We’ll be seeking late additions to bring to this list before March, but for now, expect a lot of near minimum contract value signings.

CORNERBACK: TBD

Market Highs:
APY: $24.1M
Guarantee: $77.5M
APY of Cap:10.7%

After Patrick Surtain II ($24M APY) & Jalen Ramsey ($24.1M APY) took the cornerback market to a much needed new level, we entered the 2024 season eyeing three more players, Trent McDuffie, Ahmad Gardner, Derek Stingley Jr., as “next in line”. All three however are having slight step back years based on their own set expectations, and could opt to play out another year before locking anything in. With that said, any of those three players could very easily become the first $25M CB in football.

A few more names to watch here: Buffalo’s Christian Benford, San Francisco’s Deommodore Lenoir.

SAFETY: Kerby Joseph

Market Highs:
APY: $21M APY
Guarantee: $51.5M
APY of Cap: 9.2%

Joseph and teammate Brian Branch may not just be the best 1-2 punch in all of football, they may be the best two safeties in all of football period. The former 3rd rounder will be entering a contract year in 2025, set to earn $1.4M through the 2025 season.

Detroit fed a lot of mouths in the 2024 offseason, but Joseph just turned 23 years old and seems a lock to be a factor for this defense over the next 3-4 seasons at least. He projects toward a 4 year, $94M extension in our system, putting him in great shape to top this market when it’s all said and done.

Prediction: 4 years, $85M

Michael GinnittiNovember 06, 2024

The November 5th trade deadline has come and gone, but not without a few eye-raising moves across the league. Spotrac dives into every official trade over the course of the last month, offering up the full details, updated player contracts, and financial ramifications for each.

RELATED: NFL TRADE TRACKER

Commanders acquire CB Marshon Lattimore from the Saints

Conceivably the biggest move based on compensation, Washington shored up their secondary with a splashy addition on deadline day.

TRADE DETAILS

Washington Acquires
Marshon Lattimore (CB)
2025 5th round pick

New Orleans Acquires
2025 3rd round pick
2025 4th round pick
2025 6th round pick

UPDATED CONTRACT


Lattimore brings over a $605,000 salary for the remainder of 2024, then $18M in 2025, & $18.5M for the 2026 season. None of the future salary is guaranteed right now, though a $2M roster bonus is set to vest on March 16th. It stands to reason that, based on the compensation given up, Washington has its eyes set on at least one more year out of this contract.

The Saints take on a whopping $45.6M of dead cap per this move, including just over $14M in 2024, & $31.6M in 2025. New Orleans already has $48M+ in dead cap allocated to next season.

Lions Acquire D Za’Darius Smith from the Browns

Rumored for a few days now, the Lions sealed the deal with Cleveland Tuesday morning, bringing over edge rusher Za’Darius Smith to help fill the hole left by Aidan Hutchinson’s long-term injury.

TRADE DETAILS

Detroit Acquires
Za'Darius Smith (DE)
2026 7th round pick

Cleveland Acquires
2025 5th round pick
2026 6th round pick

UPDATED CONTRACT


Smith brings over a $605,000 salary for the rest of 2024, then $11M of non-guaranteed compensation slated for 2025, including a $2M roster bonus due March 14th. The void years on the contracts are in place for a $6.99M option bonus that Detroit can exercise in 2025. However, Smith can be released/traded after 2024 with no dead cap left behind.

Ravens Acquire CB Tre’Davious White from the Rams

The former 1st round pick has battled injuries since 2021, and was a part-time contributor for the Rams through 9 weeks. With Los Angeles likely on the brink of releasing him, the Ravens swept in with a 7th round pick swap to add a little depth to their secondary.

TRADE DETAILS

Baltimore Acquires
Tre'Davious White (CB) ($1,220,588)
2027 7th round pick

Los Angeles Acquires
2026 7th round pick

UPDATED CONTRACT

The Ravens acquire a $750,000 guaranteed salary for the remainder of 2024, plus $58,823 per game that White is active for them. The 29-year-old is slated for free agency again next March.

The 49ers Acquire DT Khalil Davis from Houston

Davis took 32% of the Texans’ snaps through 9 weeks, compiling 9 tackles & a sack during that timespan. He doesn’t figure to carry a larger role in San Francisco, but should give the Niners needed depth after the loss of Javon Hargrave for the season.

TRADE DETAILS

San Francisco Acquires
Khalil Davis (DT) ($620,588)

Houston Acquires
2026 7th round pick

UPDATED CONTRACT
Davis brings over a $550,000 base salary for the next 9 weeks, plus $8,832 per game active through the regular season.

Steelers Acquire EDGE Preston Smith from the Packers

The rich got a little richer here, as the phenomenal Steelers’ defense added another experienced, productive weapon in Smith, who is under term through the 2025 season if all goes well. A combination of Green Bay’s interest in moving off of Smith’s contract + the $2M and change remaining made this a potential steal price for Pittsburgh.

TRADE DETAILS

Pittsburgh Acquires
Preston Smith (DE) ($2,023,529)

Green Bay Acquires
2025 7th round pick

UPDATED CONTRACT

Smith brings over $1.6M of fully guaranteed salary remaining for the next 9 weeks, plus $52,941 per game active. The contract holds a non-guaranteed $13.4M in 2025, & another $14.1M in 2026 if the Steelers want to continue this marriage.

The Packers take on just over $12M of dead cap in 2024, plus another $9.8M for the 2025 season.

Steelers Acquire WR Mike WIlliams from the Jets

The Steelers have been in search of another experienced wideout since May, and that finally came to fruition with the acquisition of Williams, who had quickly fallen out of favor in Aaron Rodgers’ offense. He’ll join George Pickens & Van Jefferson as the primary wide receivers for Russell Wilson going forward.

TRADE DETAILS

Pittsburgh Acquires
Mike Williams (WR) ($627,500)

New York Acquires
2025 5th round pick

UPDATED CONTRACT

The Steelers take on $627,500 of remaining salary for the next 9 weeks, as the Jets had converted the Williams contract into a signing bonus based structure prior to the start of the season. The maneuver means dead cap hits of $2.1M this year, and another $5.8M in 2025, but it helped secure a strong 5th round pick for the Jets per this move. Williams is slated for free agency once again next March.

Cowboys Acquire WR Jonathan Mingo from Carolina

Dallas appears poised to begin reconstructing their underwhelming roster early on this time around, taking a flier on a former #39 overall pick who has done little to establish himself in the league. Many will point to the 4th round pick compensation as an overpay here - and by all accounts it likely is - but a 23-year-old top draft pick with $4M remaining over the next 2 ½ years could end up being a steal, if a lot of things go right.

TRADE DETAILS

Dallas Acquires
Jonathan Mingo (WR) ($576,286)
2025 7th round pick

Carolina Acquires
2025 4th round pick

UPDATED CONTRACT

As noted above, Mingo is under contract through the 2026 season, including $576k for the remainder of 2024, a fully guaranteed $1.5M through 2025, and $1.95M through 2026, of which $812k is fully guaranteed. 4th round pick notwithstanding, this is a low financial risk move for Dallas.

Bengals Acquire RB Khalil Herbert from Chicago

A season-ending neck injury for Zack Moss, and a bruised rib or two for Chase Brown put Cincy in a position of need at running back. Herbert, who was relegated to minimal snaps in Chicago behind D’Andre Swift & Roschon Johnson, should slot into the RB2 role immediately, and could provide late season value at a $527,500/7th round pick cost.

TRADE DETAILS

Cincinnati Acquires
Khalil Herbert (RB) ($527,500)

Chicago Acquires
2025 7th round pick

UPDATED CONTRACT

Herbert brings over a prorated $527,500 minimum salary for the remainder of 2024, and is slated for unrestricted free agency next March. The Bears retain $560,177 of dead cap per the move.

Cardinals Acquire OLB Baron Browning from Denver

Browning figures to slot into a starting SAM linebacker role for Arizona, a team lurking around the playoff conversation, desperately trying to improve on the defensive side of the ball. The former 3rd round pick was going to be the odd man out in Denver next March, so the Broncos did well to free up $1.6M of cap/cash, while also securing themselves an additional 6th round pick.

TRADE DETAILS

Arizona Acquires
Baron Browning (OLB) ($1,558,000)

Denver Acquires
2025 6th round pick

UPDATED CONTRACT

Arizona takes on $1.558M for the rest of 2024, and still boast around $21M of cap space after the move. Denver retains a little over $1.76M in dead cap to move on from Browning at the deadline.

Vikings Acquire LT Cam Robinson from Jacksonville

The long-term loss of Christian Darrisaw (ACL/MCL) forced the 6-2 Vikings to take a big swing prior to the deadline. Robinson has a wealth of experience as a blindside tackle, but his $16.25M base salary for 2024 made him an expensive trade option. The Jaguars fixed that by retaining all but $2M of that salary to facilitate a trade that scored them a conditional 5th round draft pick (can convey to a 4th based on unknown playing time thresholds).

TRADE DETAILS

Minnesota Acquires
Cam Robinson (LT) ($2,117,651)
2026 7th round pick (Conditional based on playing time)

Jacksonville Acquires
2026 5th round pick (Can convey to a 4th Rd pick based on playing time)

UPDATED CONTRACT

As noted above, Jacksonville retained all but $2M of Robinson’s base salary for the rest of the season. Minnesota will also be on the hook for $58,823 per game active going forward. The 29-year-old is slated for free agency next March.

The Jaguars take on a $19.8M dead cap hit per the move, all in 2024.

Ravens Acquire WR Diontae Johnson from Carolina

Baltimore appears poised to double-down on the offensive side of the ball (despite boasting a lackluster defense through half of 2024). Johnson joins the lot of Zay Flowers, Rashod Bateman, & Nelson Agholor to give QB Lamar Jackson plenty of speedy, versatile weapons down the stretch. The Ravens also acquired a 6th round pick from Carolina in return for a 5th round pick in next year’s draft. Based on current standings, Baltimore’s 5th and Carolina’s 6th round picks could be fairly close in line.

TRADE DETAILS

Baltimore Acquires
Diontae Johnson (WR) ($625,000)
2025 6th round pick

Carolina Acquires
2025 5th round pick

UPDATED CONTRACT

In order to secure a 5th round pick out of the deal, Carolina retained all but $625,000 of Johnson’s remaining salary, making this a financial steal for Baltimore over the course of the next 10 weeks. The pending free agent leaves behind a $9.375M dead cap hit to the Panthers per the move.

The Chiefs Acquire DE Josh Uche from New England

Kansas City made a great defense even deeper by acquiring Uche for their (latest) stretch run. The 26-year-old cost the Chiefs a 6th round pick, but that could be superseded by a compensatory draft pick if Uche does well in free agency next March.

TRADE DETAILS

Kansas City Acquires
Joshua Uche (OLB) ($1,022,220)

New England Acquires
2026 6th round pick

UPDATED CONTRACT

Uche brings over a $722,220 guaranteed salary, plus $30,000 per game active to the Chiefs for the remainder of 2024. There are also attainable sack incentives built into his deal that KC may need to account for next year.

The Patriots free up about $1M of cap/cash space here, furthering their position in 2025, where they currently project to hold a league high $137M of cap room.

Seattle & Tennessee Swap Linebackers

The Seahawks acquired Ernest Jones from the Tennessee Titans, who take on Jerome Baker and a 4th round pick in the deal. Jones, a cast-off from the LA Rams, slots into an immediate starting role in Seattle, and could be considered an extension candidate before he’s allowed to hit the open market next March. Baker slides into a reserve role in Tennessee, but the Titans were likely much more concerned about banking another 4th round pick in this move.

TRADE DETAILS

Seattle Acquires
Ernest Jones (ILB) ($1,904,221)

Tennessee Acquires
Jerome Baker (ILB) ($1,810,971)
2025 4th round pick

UPDATED CONTRACT
Ernest Jones

Jones brings a $1.9M salary with him to Seattle for the remaining 10 weeks of the 2024 season, and is scheduled for free agency next March.

Jerome Baker

Baker brings along $1.23M of guaranteed salary with him to Tennessee, plus $57,500 per game active for the remainder of the 2024 season. The 28-year-old is slated for free agency next March.

Chiefs Acquire WR DeAndre Hopkins from Tennessee

The expected big splash from Kansas City came on October 23rd, when Tennessee shipped their WR1 to the Chiefs in exchange for a conditional 5th round pick. Hopkins has already made an immediate impact in the KC offense, showing seemingly instantaneous chemistry with QB Patrick Mahomes.

TRADE DETAILS

Kansas City Acquires
DeAndre Hopkins (WR) ($4,368,610)

Tennessee Acquires
2025 5th round pick (Conveys to a 4th if KC makes the Super Bowl & Hopkins plays 60% regular season snaps)

UPDATED CONTRACT

The Chiefs take on a total of $3.87M cash for Hopkins out of the gate, though it stands to reason that the 32-year-old could hit an incentive threshold or two over the next 10 weeks. Kansas City converted about $2.4M of his salary into a signing bonus to reduce the cap hit the rest of the way, so they’ll be stuck with around $1.85M of dead cap next year once the contract officially voids.

Tennessee takes on dead cap hits of $11.9M this year, and $10.9M next year, and could be headed for a much bigger rebuild starting next March.

Vikings Acquire RB Cam Akers from Houston

Minnesota brought back a familiar face to help handcuff Aaron Jones for the rest of the 2024 season. Houston & Minnesota processed a late round pick swap (7th for 6th) to facilitate this trade.

TRADE DETAILS

Minnesota Acquires
Cam Akers (RB) ($770,587)
2026 7th round pick

Houston Acquires
2026 6th round pick

UPDATED CONTRACT

Akers brings over $750,000 in remaining salary, plus $2,941 per game active the rest of the way. With 53 yards from scrimmage in his Vikings debut, he’s already providing value.

Bills Acquire WR Amari Cooper from Cleveland

It took the Bills 7 weeks to decide that they simply didn’t have enough pass-catching firepower for Josh Allen to properly produce with. That changed on October 15th, when Buffalo swiped Cooper from a sinking Browns team in exchange for a 3rd round pick and a late round swap.

TRADE DETAILS

Buffalo Acquires
Amari Cooper (WR) ($806,667)
2025 6th round pick

Cleveland Acquires
2025 3rd round pick ((from DET))
2026 7th round pick

UPDATED CONTRACT

If you think the Bills gave up a lion’s share to bring in Cooper - now you know why. The Browns had previously paid out $19.2M of salary to Cooper, leaving just $806k remaining per the trade to Buffalo. The 30-year-old is slated for free agency next March.

Cleveland takes on dead cap hits of $7.9M this season, and $22.5M for 2025, thanks to remaining proration of salary converted to signing bonuses.

Jets Acquire WR Davante Adams from Las Vegas

The thing we all thought should happen, then could happen, did happen. Adams reunites with Aaron Rodgers for the final 11 weeks of the season, bringing over a contract with 2 ½ years remaining on it. In return the Raiders secure a 3rd round pick that can convey down to a 2nd if Adams or the Jets do special things.

TRADE DETAILS

New York Acquires
Davante Adams (WR) ($11,870,000)

Las Vegas Acquires
2025 3rd round pick (Conveys to a 2nd Rd Pick if Adams is an All-Pro, or active for the AFC Championship Game/Super Bowl)

UPDATED CONTRACT

The Jets take on $11.87M of remaining salary for Adams, but they quickly converted $10.45M of that into a signing bonus for cap purposes. Going forward, Adams holds non-guaranteed salaries of $36.25M in each of 2025 & 2026, making it highly unlikely that the Jets keep him on this contract after the 2024 season (even if they plan to keep him around longer).

The Raiders now take on dead cap hits of $13.57M for 2024, and $15.7M in 2025. They paid Adams almost $56M for 2 ½ years of service.

Seattle Acquires DT Roy Robertson-Harris from Jacksonville

The first big move of the trade season, Seattle bolstered their defensive line while Jacksonville started their breakdown process when the 31-year-old defensive tackle was traded on October 14th.

TRADE DETAILS

Seattle Acquires
Roy Robertson-Harris (DT) ($1,392,156)

Jacksonville Acquires
2026 6th round pick

UPDATED CONTRACT

As you can clearly see, this has the potential to be much more than a half-year rental for Seattle. Robertson-Harris brings over $1.13M of salary, plus $23,528 per game active for 2024, with reasonable salaries of $6.6M & $6.8M through 2026 respectively. If it’s a one-and-done plan, Seattle can walk away from this contract after 2024 with no dead cap to take on.

The Jaguars retain $3.4M of dead cap this season, plus another $6.9M next season.

Michael GinnittiOctober 31, 2024

Spotrac celebrates the Halloween season with a look at 8 of the scarier active contracts in major professional sports, including two each from the NFL, NBA, MLB, & NHL.

Deshaun Watson (QB, Browns)

Cleveland acquired Watson from the Houston Texans then immediately signed him to a 5 year,  $230,000,000 extension through the 2026 season. The catch? Every dollar of it was fully guaranteed at the time of signing. In his 4 active seasons in Houston, Watson averaged a passer rating of 104.1. But during his time in Cleveland (of which he’s played in just 19 games), Watson’s rating has dropped to a miserable 80.8.

The Browns now have to deal with an oft-injured, subpar quarterback with over $92M left to be paid, on cap hits of $72.935M (2025), $72.935M (2026) and $26.9M (voided dead cap). The contract also holds a full no-trade clause. Terrifying.

Dak Prescott (QB, Cowboys)

The Cowboys waited until the very last moment of the 2024 offseason before handing Prescott his 4 year, $240,000,000 ($231M guaranteed) extension, and they may be wishing they had waited a little longer through 8 weeks. The 31-year-old former 4th round pick is off to near career lows across the board, and as almost non-existent as a scrambling weapon out of the pocket. Dallas will need to open up their pockets further to rebuild this offense around Prescott & CeeDee Lamb, and it won’t be overly easy.

Prescott is fully guaranteed out of the gate through 2025 at $129M, and $231M of this contract will fully vest by early March 2027. Chilling.

Anthony Rendon (3B, Angels)

The Angels signed Rendon to a 7 year, $245,000,000 free agent contract immediately after he helped the Nationals win a miracle World Series title in 2019. In his last 5 seasons with Washington (2015-19), Rendon averaged 133 games played per season, with a 4.6 annual WAR. In his 5 seasons with LAA thus far (2020-24), Rendon has averaged 51 games played, with a 0.7 WAR.

The contract still holds fully guaranteed salaries of $38M for 2025 & $38M in 2026, and a full no-trade clause. Frightful.

Kris Bryant (OF/DH, Rockies)

The Rockies, fresh off of a 74-87, 4th-place 2021 season, signed Bryant away from the Giants to a 7 year, $182M contract. It was a cringe-worthy move then, and it remains as such 3 years later. To be fair, Bryant’s resurgence in 2021 (after a year and a half nosedive), gave teams a sense of irrational confidence when he hit the open market for the first time.

It wound up being fool’s gold however, as the 32-year-old carries a -1.03 WAR in 3 full seasons with the Rockies. The contract still has another 4 years, $104M to go, with a full no-trade clause to make things even more fun. Hair-Raising.

Jonathan Huberdeau (F, Flames)

The Flames acquired the rights to Huberdeau in a massive trade that sent Matthew Tkachuk to Florida, then extended the former #3 overall pick to an 8 year, $84M contract. He posted 115 points (30 goals, 85 assists) for the Panthers in the 2021-22 season. He’s collected 107 points in his 2+ seasons with Calgary since.

Huberdeau’s $10.5M AAV/Cap Hit ranks 10th in the NHL among forwards. He’s owed another $73.5M through the 2030-31 season. Blood-Curling.

Shea Weber (D, Utah)

Alright, this one’s a bit of low-hanging fruit, as Weber has been unable to take the ice since the 2020-21 season due to lingering foot/ankle/knee/thumb injuries - but it remains on the books nevertheless. Weber agreed to a 14 year, $110M contract with the Nashville Predators back in July of 2012. What could go wrong?

He was a good/great player through the 2016-17 season before things really started to nosedive (as will happen with a mid-30s athlete). The former 2nd round pick has been traded 3 times since 2016 (mostly just as a salary cap dump), and now finds himself on the Utah Hockey Club books for each of the next two seasons.

12 years later, Weber’s $7,857,143 cap hit, which runs through the 2025-26 season, still ranks 23rd among NHL defensemen. Petrifying.

Bradley Beal (SG, Suns)

Signed a 5 year, $251,020,000 extension with the Washington Wizards in July of 2022 after a season in which he played 40 games. The last time Beal played all 82 games was 2018-19, and he’s battling an early season injury already at the time of this piece.

The contract holds salaries of $50.2M this year, $53.6M next year, with a $57.1M player option in place for 2026-27. Eye-popping numbers for what can easily be considered Phoenix’s 3rd best offensive option. Grotesque.

Jordan Poole (SG, Wizards)

Remember when Poole was going to be the “next-generation” bridge that kept the Warriors’ dynasty alive? That didn’t age well. Golden State gave Poole a 4 year, $128M rookie extension in October of 2022, then traded him to Washington the following summer with a 1st Rd Pick, a 2nd Rd  Pick & two players for Chris Paul. All of this really happened. I double-checked.

Washington is now in Year 2 of this contract, paying Poole $29.6M this season, $31.8M next year, and $34M in 2026-27. There’s time for him to play his way into better standing, but for now: Horrifying.

Michael GinnittiOctober 27, 2024

The November 5th trade deadline is quickly approaching, and the list of names hitting the hypothetical trade block is growing by the hour. We’ve attempted to pull together a candidate list that makes sense both from a football & contract standpoint, including the financial ramifications for each player going forward.

Jarrett Stidham / Zach Wilson (QB, Broncos)

Stidham: $2.485M
Wilson: $527,500

It stands to reason that one of the QBs could be shopped in the next week, especially if an unfortunate injury pops up in Week 8 or 9 action. Both players are on expiring contracts and are late round draft pick targets at best.

Miles Sanders (RB, Panthers)

2024: $2.01M (guaranteed)
2025: $6.7M (non-guaranteed)
2026: $5.5M (non-guaranteed)

Sanders has already been usurped by Chuba Hubbard, and Jonathon Brooks’ return to health will only further push Sanders out of favor in this offense. Carolina can pay down this salary to the minimum ($1.44M retained) to make Sanders a more attractive rental piece.

Mike Williams (WR, Jets)

2024: $697,222 (guaranteed)

The addition of Davante Adams and the continued to development of Garrett Wilson have reduced Williams' role immeasurably. He's a cheap acquisition this week for a contending team looking to add depth - or replace an injured player.

Treylon Burks (WR, Titans)

2024: $783k (guaranteed)
2025: $2.6M (guaranteed)
2026: 5th-Year Option (unlikely)

Burks could become the latest “Kadarius Toney” type acquisition, where a team takes a chance on a former high draft pick with 1 ½ years of guaranteed salary remaining. His time in Tennessee appears all but over, and Will Levis’ lack of improvement could mean another full-slate rebuild for the Titans as it stands.

Diontae Johnson (WR, Panthers)

2024: $3.5M (guaranteed)
2025: UFA

The Panthers swapped a player (Donte Jackson) and late round draft picks to take on Johnson’s expiring contract this year. He’s been one of the better offensive players on an overall dreadful team, and a little retained salary ($2.1M would lower him to a minimum) might bring them back a decent pick this week.

Daniel Bellinger (TE, Giants)

2024: $492,500 (non-guaranteed)
2025: $1.1M (non-guaranteed)

Despite signs of relevance in 2022-2023, Bellinger has become nearly invisible in a disjointed Giants’ offense. He’s a low cost, low risk, late round draft pick swap acquisition for a team looking to bolster their TE room this fall. 

D.J. Jones (DT, Broncos)

2024: $4.9M ($4.75M of salary, $240k of per-game active bonus)
2025: UFA

As far as deadline moves go, Jones’ is a bit expensive, and the 2nd-place Broncos certainly don’t need to rush into seller-mode, but Denver is purging, rebuilding, and attempting to contend all at the same time in 2024.

Khalil Mack (OLB, Chargers)

2024: $627,500
2025: UFA

The 33-year-old refuses to slow down (#3 among PFF Edge Defenders). Mack renegotiated a pay cut to remain in LA this season, a move that lowered his base salary down to near minimum. This makes him an extremely attractive rental piece at the deadline - if the Chargers are willing to cut bait with arguably their most important defensive player.

Josh Uche (OLB, Patriots)

2024: $890k ($650k in salary, $240k in per-game active bonus)
2025: UFA

Uche surprisingly took a suppressed 1-year deal to remain in New England this past March, despite more lucrative offers from elsewhere. The move now makes him a bonafide trade target this week, setting up an opportunity for the Patriots to pull back a much needed draft asset.

Calais Campbell (DE, Dolphins)

2024: $605,000
2025: UFA

The 38-year-old has been a factor for Miami through much of the season. If the Dolphins fall out of line in the AFC, a swap to a contender makes sense for everyone.

Greg Newsome (CB, Browns)

2024: $1.2M (guaranteed)
2025: $13.377M (guaranteed)

It’s been a bit of a stepback year for Newsome (and most of the Browns, all things considered), and the time to consider a multi-year extension for the former 1st round pick is right around the corner. If Cleveland doesn’t have Newsome in their long-term plans, pulling back a Top 100 draft pick for the 24-year-old makes sense.

Budda Baker (S, Cardinals)

2024: $7.1M (guaranteed)
2025: UFA

The 28-year-old, 6-time Pro Bowler is likely on his last leg in Arizona, who find themselves in the thick of a messy NFC West as the deadline approaches. Baker is an expensive rental at cost, but player for player trades have become commonplace for the Cardinals of late, which would help lessen the financial burden of a receiving team here.

Michael GinnittiOctober 16, 2024

The Buffalo Bills bolstered their WR room Tuesday, acquiring Amari Cooper from the Cleveland Browns. The 30-year-old is in the final year of his 5 year, $100M contract, joining his 4th team since entering the league in 2015 with the Raiders. Cooper now joins Curtis Samuel, Khalil Shakir, Mack Hollins, & youngster Keon Coleman as Buffalo’s wide receiver set going forward.

The Trade Compensation

The Browns acquired a 2025 3rd round pick (originally Detroit’s), and a 2026 7th round pick from Buffalo, who picked up a 2025 6th round pick along with the right’s to Cooper.

Contractually, Cleveland set themselves up nicely to purchase a Top 100 draft pick this Fall. The Browns converted Cooper’s $20M base salary down to a minimum $1.21M, paying him the remainder in signing bonus. This means that the Bills now acquire Cooper at just:

2024: $806,667 (guaranteed)

In return, the Browns now take on dead cap hits of:

2024: $7,937,333 ($806,667 saved)
2025: $22,584,000 ($0 savings)

Before you gripe about the 2025 dead cap, the $22.5M was already baked into the cake long before the trade processed. The Browns processed two full salary cap conversions on Cooper’s contract (2022, 2024), adding voidable years in 2025-2028 to spread out the salary cap as much as possible. Outside of a multi-year contract extension, the $22.5M of dead cap would have hit Cleveland’s books next March regardless of him being traded or not.

The Browns Outlook

Cooper became somewhat expendable when the Browns acquired Jerry Jeudy from the Broncos this past Spring, and subsequently signed him to a 3 year, $52.5 million contract extension through 2027.

Cooper’s $22.5M dead cap hit for 2025 isn’t ideal, but neither is the $73M cap figure currently associated with QB Deshaun Watson. The Browns currently possess 9 cap hits north of $19M in 2025, factoring into -$40M of projected cap space for next season.

With the Watson contract being the albatross that it is, the time to start wondering if the Browns can continue to aggressively build (or even hold firm) a contending team even makes sense. They’re on a path to be drafting rather high in 2025 (currently #1 overall in fact), with 4 Top 100 picks under their belt right now, so a financial reset in some regard is in their near future.

But it shouldn’t be wrong to start questioning the futures of Denzel Ward, Myles Garrett, & certainly Deshaun Watson for the foreseeable future, as new contract requirements (or current full guarantees) come into focus. The most likely outcome for 2025? A dozen or so salary conversions to free up cap space, a few free agent additions & potential immediate starter draft picks (notably at running back and wide receiver), and another attempt at finding the right ingredients to get the most out of Deshaun Watson. Buckle up Cleveland.

The Bills Outlook

It can be argued that Cooper’s best stretch with the Browns came with Joe Flacco at QB, as he and Deshaun Watson never really found their stride. With all of that said, Amari Cooper caught 174 passes in 38 games for Cleveland, including 16 TDs over that span. Despite cresting the 30-years-old mark, he still possesses separation ability, and a yards after the catch threat.

It can now also be argued that Cooper is about to line up next to the best quarterback that he’s ever suited up with in Josh Allen. There’s a very real world where these two become instant favorites on the field, somewhat reviving the 1-2 punch that was Josh Allen and Stefon Diggs for the better part of 3 seasons.

From a positional standpoint going forward, Buffalo has Curtis Samuel mostly guaranteed through 2025, and Keon Coleman mostly guaranteed on his rookie deal through 2027. Khalil Shakir will be entering a contract year in 2025, and becomes extension eligible for the first time this winter as well, while Mack Hollins & Amari Cooper are slated for free agency next March.

Cooper is a tough player to evaluate from a contract projection standpoint, as the numbers are certainly there - but without much substance behind them. Furthermore, the track record for 30+ WRs cashing in sizable deals is small, though both Mike Evans and DeAndre Hopkins have done well in recent offseasons. Mathematically speaking, Cooper is a $15M player in our system, projecting toward a 2 year, $30M extension at the time of this article.

The Bills have a few mouths to feed next Spring (Greg Rousseau, Rasul Douglas most likely), but will be coming off of a 2024 offseason where “purge” and “reset” were the major themes. Signing a player like Cooper to a mid-level extension should very much be in the cards if the fit is right. Buffalo projects to just over $10M of 2025 cap space with 40 contracts on the books.

Michael GinnittiOctober 16, 2024

Davante Adams’ tenure as a Raider came to a close Tuesday afternoon when Las Vegas shipped the All-Pro WR to the New York Jets. The move, while somewhat expected, could bolster a stagnant Jets’ offense as they look to keep pace with the Buffalo Bills (who acquired a WR of their own Tuesday) in the AFC East.

The Trade Compensation

The Raiders received a 2025 3rd round pick from New York (currently projected as pick #75), but the pick can become a 2025 2nd rounder if Davante Adams is named an All-Pro in 2024 OR Davante Adams is on the active roster for an AFC Championship Game or Super Bowl in 2024.

The Jets pick up the remainder of the Adams contract, which by default comes over as:

2024: $11,590,000
2025: $36,250,000
2026: $36,250,000

For cap purposes, the Jets processed a simple base salary conversion on the remainder of Adams’ 2024 salary, adding two void years to the contract, which now reflects as:

2024: $3,227,333
2025: $38,340,666
2026: $38,340,666
2027: $2,090,666 (voidable)
2028: $2,090,666 (voidable)

The Raiders Outlook

With this trade, Las Vegas gets out from under the remaining $11.6M of cap/cash in 2024, while also freeing up $28.4M of 2025 cap space in the process.

The Raiders now boast around $108M of projected cap space next year, 4th most in the NFL, plus 10 draft picks for 2025 currently. Exactly which direction the organization will take going forward remains to be seen, especially as it pertains to the QB position. Left Tackle Kolton Miller will be entering a contract year in 2025, DE Maxx Crosby will be entering the non-guaranteed portion of his contract, and much of the WR room will be on the roster bubble heading toward next March.

For all intents and purposes, the only impactful contract on the books in terms of future guarantees belongs to DL Christian Wilkins, who will see nearly $55M of his salary over the next two seasons become fully guaranteed on March 13th.

The Jets Outlook

It’s no secret that Adams & QB Aaron Rodgers have a long history of A+ chemistry. But how that will fit into the cast of current characters remains to be seen. Rodgers & Garrett Wilson have begun to make strides in their connectivity of late, and the idea of New York possessing that two-headed monster in the passing game has to have opposing defenses raising eyebrows.

Here’s one thing we do know for sure: Regardless of the output on the field over the next 12 weeks, Adams won’t remain in this current contract next season. The salary cap conversion processed yesterday only added $8.3M of dead cap to the contract for the 2025 season. So in the worst case scenario, the Jets cut ties and take on that hit to move forward.

But if all goes well, and Rodgers decides to continue his career past the 2024 season, what might a renegotiated contract for Davante Adams look like? Mike Evans seems to be the best place to start with this conversation.

Evans locked in a 2 year, $41M contract to return to Tampa Bay last March, a deal that included $29M fully guaranteed at signing. His $20.5M APY represents 8% of the 2024 salary cap. If we project that forward into 2025, we’re talking about an APY at or around the $22M mark. So a 2 year, $44M extension, $32M guaranteed, is a pretty strong starting point for where Adams and the Jets may be headed in the coming months. Assuming all goes well.

Oh and by the way: Garrett Wilson becomes extension-eligible for the first time after 2024, currently projecting toward a 3 year, $70M deal in our system.

Trade Grades & Who Won?

No.

Michael GinnittiOctober 07, 2024

Brock Purdy (QB, 49ers)

I’ll eat it. I’ve prefaced the Brock Purdy era in SF as the first real potential “never-extend him” candidate. The 49ers have proven to be the ultimate plug-and-play offense for the past decade or so (to the extent that Jimmy Garoppolo was able to headline a near Super Bowl contending team).

But injuries, and a bit more parity in the league have brought the Niners back down to earth - with the exception of Purdy. These first 5 weeks have shown that Mr. Irrelevant is perfectly capable of putting a team on his back, and take on much more responsibility than he’s ever been asked to in recent years.

As of today, Purdy projects to a 4 year, $222M extension in our system, placing him as the 2nd highest average paid player in the league (Prescott, $60M), but 14th in terms of AAV percent of cap.

Drake London (WR, Falcons)

Now on his 3rd QB in 3 years, London has been able to maintain an above average level of production to start his NFL career - and could be poised for a full breakout by the end of 2024. He’ll become extension-eligible for the first time next spring, and should find himself in the conversation with Ja’Marr Chase, Tee Higgins, and a few others who will be seeking big pay days.

The (barely) 23-year-old projects toward a 4 year, $90M extension in our system to date, but should see this rise mightily with continued production in 2024.

Trey Smith (G, Chiefs)

The Chiefs selected Smith in the 6th round back in 2021, but he’s quickly established himself as one of the best guards in football. With left guard Joe Thuney scheduled to enter a contract year in 2025, KC may be looking to shift Smith over to Mahomes’ blindside - furthering his value within the organization.

For now, the 25-year-old carries a healthy 4 year, $72 million valuation in our system, placing him within the Top 7 of average paid guards in football.

Aidan Hutchinson (DE, Lions)

The numbers are ridiculous. In 38 career games, Hutchinson has accounted for 119 tackles, 29 sacks, 4 forced fumbles, and 4 interceptions. He’s been as-advertised and then some, and he becomes extension-eligible for the first time next spring.

Mathematically speaking, he’s already a near $32M player in our system (4 years, $127M), but if the numbers continue on this pace through the end of 2024, Nick Bosa’s $34M, and Justin Jefferson’s $35M (highest average paid non-QB), are both very much in eyesight.

Christian Benford (CB, Bills)

One of the best kept defensive secrets in football, Benford is in the midst of putting together two of the better back-to-back seasons among active cornerbacks. The former 6th round pick is playing out his third season in Buffalo, making him extension-eligible for the first time after 2024.

Mathematically speaking, Benford (4 years, $98M projection) now joins Trent McDuffie, Derek Stingley Jr, & Sauce Gardner as cornerbacks who could reset this market in the coming months. Though it should be said: 6th round picks rarely swim with the big fish when it comes to rookie contract extensions. Don’t be surprised if Benford’s deal pales in comparison to these 1st rounders when it’s all said and done.

Michael GinnittiOctober 03, 2024

With the November 5th NFL trade deadline just a month away, the hot stoves are already burning strong with potential candidates. We’ll dive into five players being discussed early on, including their contract statuses now and in the future.

WR Davante Adams (31, Raiders)

2024: $13.5M remaining ($968,333 less per week, $8.6M at the deadline)
2025: $36.25M (non-guaranteed)
2026: $36.25M (non-guaranteed)

The Raiders appear poised to grant Adams’ trade request this month, but they may need to retain some of this remaining salary to secure the type of draft compensation (2nd Rd pick) they are reportedly asking for. A few notable teams (Washington, Dallas, & the Jets) could slide Adams’ salary into their current books without disruption. The WR-needy Chiefs would need to process a salary conversion or two to make things work. While Buffalo, another team with interest, doesn’t have a path to free up even half of what Adams is owed for the rest of 2024.

LB Haason Reddick (30, Jets)

2024: $11M ($791,666 less per week, $7.1M at the deadline)
2025: UFA

Reddick has yet to report to the Jets, forfeiting/owing over $9M of salary & fines per his holdout. The pending free agent with 27 sacks over the past 2 seasons is seeking a multi-year extension from NY. The Jets have already given up a 3rd round pick in 2026 for this debacle (would convey to a 2nd with 67.5% snaps + 10 sacks this year), so any kind of trade would likely need to offset this as much as possible. There’s a world where the Jets pay this salary down a bit (since they’ve paid him nothing to date) in order to secure a healthy draft pick from a team like Arizona or Seattle, who are better positioned to hand Reddick the contract extension he’s looking for.

Of note: Reddick must report to the Jets (or his new team) by the Tuesday following the tenth week of the regular season, at 4:00 pm New York time, or he will be ineligible to play football in 2024, and his salary will toll to 2025. The Jets will retain his contractual rights into the offseason, further complicating Reddick’s future.

WR Amari Cooper (30, Browns)

2024: $941,111 ($67,222 less per week, $604,998 at the deadline)
2025: UFA

Cooper and the Browns have been rumored toward a split for the better part of 2024, which made an $18.79M salary conversion at the end of August somewhat puzzling. Yes, it makes for a hell of a clean trade offer, but it also means $19M paid to a player that you only kept for a few weeks this season.  

S Budda Baker (28, Cardinals)

2024: $11M ($788,888 less per week, $7.1M at the deadline)
2025: UFA

Baker has been included in trade rumors for the better part of 2 seasons, but he’ll finish out his 5 year, $62.6M contract in totality (a rarity in the NFL for contracts of or around this size). He remains a Top 20 safety in all of football according to PFF, so there will be plenty of interest from a football standpoint. But his deadline salary is on the higher side for most contending teams to swallow. The Cardinals may be inclined to take on salary and buy themselves a draft pick as they continue to rebuild around Kyler Murray.

QB Bryce Young (23, Panthers)

2024: $711,666 ($50,833 les per week, $457,500 at the deadline)
2025: $4.2M (guaranteed)
2026: $5.9M (guaranteed)
2027: Club Option

Young likely won’t be any team’s answer to band-aiding an injury for the rest of 2024, but getting him into a new regime to ensure he has a full offseason (and then some) to get up to speed on his new surroundings does make a lot of sense. Teams like Las Vegas, New York, & Tennessee, to name a few, could have interest in this idea before it’s all said and done.

Michael GinnittiSeptember 09, 2024

QB Dak Prescott & the Dallas Cowboys agreed to an historic extension at the 11th hour of the offseason, finalizing a 4 year, $240M contract that includes $231M guaranteed for practical purposes. Spotrac dives into the full details of this new deal, which was (aggressively) negotiated by agent Todd France of Athletes First.

The Contract Terms

The new years/new money terms of the deal clock in at 4 years, $240M through the 2028 season. Prescott had $29M remaining on his previous contract (an additional $5M was already paid out in March when a small cap conversion was processed). So in full, this now becomes a 5 year, $269M contract.

The $240M new money value clocks in 8th among NFL contracts, but easily surpasses his own $160M deal as the largest contract in Dallas Cowboys history.

The Average Salary

The new average annual value on Prescott’s deal was always going to start with a “6” thanks to a plethora of leverage. At $60M per year for new year/new money purposes, Dak becomes the highest average paid player in NFL history by $5M. And by keeping this extension fairly short & sweet (also to his benefit), the total value AAV ($269/5 years) remains extremely competitive ($53.8M). For comparison, Joe Burrow’s total value AAV is just north of $44M.

When plugging this AAV into the current salary cap landscape, things actually change a little bit. While nearly every other aspect of this contract ranks 1st all-time, that can’t be said for the AAV % of League Cap metric.

Largest Percent of League Cap at Signing

  1. Joe Burrow, 24.47%
  2. Josh Allen, 23.56%
  3. Dak Prescott, 23.49%
  4. Justin Herbert, 23.35%
  5. Lamar Jackson, 23.13%

In order to surpass Burrow here, Prescott would have needed to sign a new year/new money contract that averaged $62.5M per year. I bet he’s just fine & dandy securing $231M guaranteed instead.

The Guarantees

Prescott’s latest blockbuster includes $129M fully guaranteed at signing, by way of an $80M signing bonus, $1.25M 2024 salary, & $47.75M 2025 salary. This guarantee at signing number ranks 6th in the league, and it’s $17.51M less than Joe Burrow’s $146.5M with Cincy. The $80M signing bonus is an NFL high by $5M.

Largest NFL Signing Bonuses

  1. Dak Prescott, $80M
  2. Jordan Love, $75M
  3. Jared Goff, $73M
  4. Lamar Jackson, $72.5M
  5. Dak Prescott, $66M

Next March 16th, another $40M (his 2026 salary) becomes fully guaranteed, while all $45M of his 2027 salary will lock in on the 5th league day of 2026. Finally, $17M of Dak’s 2028 salary will become fully guaranteed on the 5th league day of 2027. All $102M of this future money is guaranteed for injury at signing, and it brings the practical guarantee value on this contract up to $231M - $1M more than Deshaun Watson’s $230M fully guaranteed. This is very much, not an accident.

Largest Total Guarantee in NFL History

  1. Dak Prescott, $231M
  2. Deshaun Watson, $230M
  3. Joe Burrow, $219M
  4. Justin Herbert, $218M
  5. Trevor Lawrence, $200M

In other words, $231M of Dak Prescott’s $269M total value contract is guaranteed for practical purposes. That near 86% is an elite rating for contracts of this size.

The Cash Flow

After being paid $5M this past March by way of a salary cap conversion, Dak will now reel in an additional $81.25M this season ($80M signing bonus, $1.25M base salary).

The new 2-year payout is $129M ($17.25M more than anyone) else, while the 3-year payout of $169M is $13.75M more than Lamar Jackson.

With the exception of a “little bit of fluff” built into the final season ($55M cash in 2028), absolutely everything about this contract’s cash flow is top of the market. Again - leverage.

The Salary Cap

Prescott entered the offseason with a $59,132,647 cap hit for 2024. Dallas converted $5 million of his base salary into a signing bonus, dropping the figure to $55,132,647. Had Dak played the year out on this figure, it would have represented the largest single season cap hit in NFL history, slightly more than Russell Wilson’s $53M dead cap hit with the Broncos for 2024

The new contract lowers Dak’s 2024 salary cap figure down to $43.3M, freeing up $11.8M of space for the Cowboys. Things get wild thereafter however:

Dak Prescott’s Salary Cap Hits
2024: $43.3M
2025: $89.8M
2026: $68M
2027: $62M
2028: $72M

As you can see, the Cowboys will need to massage this deal quite a bit to keep themselves afloat elsewhere, beginning with the 2025 offseason. A simple base salary restructure next year will open up over $37M of cap space, but the process of pushing cap into future (and voidable) years will once again begin. (Dallas rolled over $40.1M of dead cap from the last deal into this new deal because of bonus proration).

The Clauses

As he did in his previous extension, Prescott secured a full no-trade clause over the entirety of this new contract, affording him about as much control as possible as a player in the NFL.

Also per his previous contract, the new deal contains 4 void years (for salary cap conversion purposes). The void date in 2029 comes after the end of the tag window that offseason, giving him a no-tag clause as well.

The Practical Contract

It’s been awhile since we’ve written about a contract in which the practicality of that contract almost matches the entirety of it - but here we are. Dak has secured early vesting guarantees in ALL FIVE of his future seasons, finishing with a $17M lock on his 2028 salary.

If the wheels fall off, the Cowboys can walk away from this after 4 years - but they’ll owe Prescott a $17M cash payment to do so. The much more likely outcome is that Dak is still Dallas’ best option at QB1 after 2027, and we’re all deep into the next contract negotiation discussion (with a league salary cap well north of $300M by then). Prescott will be 34 years old at this juncture.

It’s clear that a few things were in play here when negotiating Dak’s latest deal:
1) Top out the standard metrics”
2) Usurp the Deshaun Watson guarantee
3) Keep open a path to a 3rd blockbuster extension
4) Regain leverage & control

It’s not entirely clear why the Dallas Cowboys continue to operate in this “last minute” fashion, but it sure does work out well for all players & agents involved.

Michael GinnittiAugust 31, 2024

After a 6-month standoff that may not have gotten anyone anywhere in the long run, the San Francisco 49ers & WR Brandon Aiyuk agreed to a 4 year, $120M contract extension this week, keeping the 26-year-old on the books through the 2028 season.

Contract Terms

Aiyuk’s $120M new money extension represents the 5th largest value among Wide Receivers sliding in just under Amon-Ra St. Brown’s $120.01M deal in Detroit. It’s also the 4th largest contract ever handed out by the San Francisco 49ers:

Nick Bosa ($170M)
Trent Williams ($138.06M)
Jimmy Garoppolo ($137.5M)
Brandon Aiyuk ($120M)
Colin Kaepernick ($114M)

Signing/Option Bonuses

The Niners built in a three-bonus structure to Aiyuk’s new deal, including a $23M signing bonus ($11M to be paid out up front, the remaining $12M to be spread out along with 2024 salary payment), a $22.85M option bonus due in 2025, & a $24.9M option bonus due in 2026.

This multiple bonus format allows for salary cap to be spread out across a maximum 5-years, tempering overall cap hits early on in the contract.

Average Salary

At $30M per year, Aiyuk ties Tyreek Hill as the 5th highest average paid WR in the game (Jefferson, Lamb, Brown, St. Brown, Aiyuk/Hill). However, unlike some of the other top WR deals, Aiyuk’s contract isn’t back-loaded with fluffy salary in order to inflate the overall contract APY.

When factoring in his previously exercised $14.124M 5th-year option, the total value average on this contract drops down to $26.8M. The practical guarantee on this contract comes in at 3 years, $76M, or $25.3M per year.

Guarantee Structure

Aiyuk secures $45M fully guaranteed at signing, including his $23M signing bonus, $1.125M base salary for 2024, and $20.875M of 2025 compensation. On April 1, 2025, another $31M from the contract will become fully guaranteed (all 2025 salary plus a $24.9M option bonus in 2026). That $76M represents the full guarantee & practical/minimum value of the contract out of the gate.

When compared to other WR’s who extended out of a contract that had 1 year remaining on it, this $76M practical guarantee ranks:

1. Justin Jefferson, $110M
2. CeeDee Lamb, $100M
3. Amon-Ra St. Brown, $77M
4. Brandon Aiyuk, $76M

Salary Cap Structure

Aiyuls’ 3-bonus structured deal offers very favorable salary cap hits over the next 3 seasons, before things spike over the $42M mark in 2027/2028. If the Niners are interested in keeping Aiyuk around after the 2026 season, a salary conversion or outright extension will likely be on the table before his age-29 year.

Brandon Aiyuk’s Cap Figures
2024: $5.725M
2025: $11.191M
2026: $16.223M
2027: $42.282M
2028: $44.158M
2029: $14.545M (potential void dead cap)

The extension lowers Aiyiuk’s 2024 cap hit by $8.399M, while his $11.2M hit in 2025 is less than half of what a potential franchise tag would have represented next February. This is a contract structure that shouldn’t hamper the Niners from operating as needed during the next 2 offseason.

Cash Flow

Aiyuk secures $24.125M cash for the upcoming season (a $23M signing bonus + $1.125M base salary). This represents a $10M raise from his previous 5th-year-option salary.

Aiyuk will see $49M over the next 2 years, & $76M over the next 3 years, the logical/practical minimum on this contract.

Annual Cash & Rankings

Annual Cash Cumulative Cash Cumulative Cash Rank
$24,125,000 $39,150,000 7th
$24,875,000 $49,000,000 7th
$27,000,000 $76,000,000 5th
$28,124,000 $104,124,000 2nd
$30,000,000 $134,124,000 4th

Concluding Thoughts

The will they won’t they back and forth of this negotiation was exhausting, but the end result seems to be best for all parties.

One of the points to spotlight on this deal is a lack of any guarantee or early available cash in the 2027 & 2028 portions of this deal. San Francisco treated this as a true 3 year contract (including the already present $14.1M salary), with a very favorable cash flow for Aiyuk to buy in to.

Amon-Ra St. Brown secured what seems like a better contract than Aiyuk ($30.0025M per year, $77M guaranteed), but the cash flow structure of his deal tells a VERY different story.

YEAR 1 Brandon Aiyuk Amon-Ra St. Brown
Thru
2024
$24,125,000 $17,866,000
Thru
2025
$49,000,000 $35,276,000
Thru
2026
$76,000,000 $63,386,000
Thru
2027
$104,124,000 $87,366,000
Thru
2028
$134,124,000 $123,376,000

As you can see here, Aiyuk’s deal carries a much more balanced cashflow, whereas St. Brown snuck in a $36M salary to 2028 in order to see his overall APY push past $30M. Both players probably play out their deals through 2027 based on age, after which Aiyuk will be $16.8M richer than ARSB.

The devil is always in the details.

Michael GinnittiAugust 30, 2024

The Cowboys checked off one of their big three contract checkboxes this week, locking in star WR CeeDee Lamb to a 4 year, $136M extension. The deal keeps Lamb under contract through the 2028 season and comes with a total value of $153.9M over the next 5 years.

Contract Terms

Lamb’s $136M new money extension represents the 3rd largest value among Wide Receivers (Justin Jefferson, Davante Adams $140M) and the 2nd largest contract that the Cowboys have ever handed out (Dak Prescott, $160M).

Signing Bonus

The big ticket item on this contract, Lamb received a $38M signing bonus with his new deal, the largest for a Wide Receiver in NFL history.

Largest WR Signing Bonuses

  1. CeeDee Lamb (DAL, 2024): $38M
  2. Justin Jefferson (MIN, 2024): $36.9M
  3. D.K. Metcalf (SEA, 2022): $30M
  4. Terry Mclaurin (WSH, 2022): $28M
  5. DeAndre Hopkins (ARI, 2020): $27.5M

Average Salary

At $34M per year, Lamb becomes the 2nd highest average paid Wide Receiver in NFL history falling just below Justin Jefferson’s $35M, but tying Nick Bosa (DE, SF, 2023) among top non-QB averages.

When factoring in his previously exercised $17.991M 5th-year option, the total value average on this contract drops down to $30.7M. The practical guarantee on this contract comes in at 4 years, $122M, or $30.5M per year. Strong numbers across the board.

Guarantee Structure

Lamb secures $67M fully guaranteed at signing, including his $38M signing bonus, $1.15M base salary in 2024, & $26.85M base salary in 2025. If he’s on the roster next March 16th, all $26M of his 2026 compensation becomes fully guaranteed. If he’s on the roster the 5th league day of 2027, $7M of his 2027 salary will fully guarantee.

All combined, this represents a $100M practical guarantee on the contract, 2nd only to Justin Jefferson’s $110M in Minnesota, and well above 3rd place A.J. Brown at $84M.

Salary Cap Structure

Lamb’s new deal offers a cap friendly figure for 2024, but will likely need attention as early as next March. Base salary conversions are a big part of the Dallas Cowboys’ contract construction, as they prefer to start with large base salaries and maneuver as needed (rather than build in option bonuses that do that job on their own).

CeeDee Lamb’s Cap Figures
2024: $8.75M
2025: $35.45M
2026: $33.6M
2027: $36.6M
2028: $16.4M
2029: $23.2M (potential void dead cap)

The extension lowers Lamb’s 2024 cap hit by $9.24M. The 2028 season contains an option bonus that can be exercised into 4 void years, or kept as full base salary. But if 29-year-old Lamb is still an elite weapon, he’ll be well into a 3rd contract by then anyway.

Cash Flow

Lamb secures $39.15M cash for the upcoming season (a $38M signing bonus + $1.15M base salary). This represents a $21.159M raise from his previous 5th-year-option salary.

CeeDee will see $67M over the next 2 years, $93M over the next 3 years, & $122M over the next 4 seasons - the logical outcome for this contract.

Annual Cash & Rankings

Annual Cash Cumulative Cash Cumulative Cash Rank
$39,150,000 $39,150,000 1st
$27,850,000 $67,000,000 2nd
$26,000,000 $93,000,000 2nd
$29,000,000 $122,000,000 2nd
$31,991,000 $153,991,000 2nd

Concluding Thoughts

There was a world, mathematically speaking, where CeeDee Lamb’s extension could have surpassed Justin Jefferson, but seeing them sit atop the WR market seems a good enough result (though Ja’Marr Chase may soon have something to say about that).

As per usual with CAA agent Tory Dandy’s extensions, Lamb’s contract remains short & sweet, offering him a chance to step into a 3rd contract around his 28th birthday, when the league salary cap should be north of $300M.

The structure offers little to squint your eyes at - a standard for Cowboys contracts over the last 30 or so seasons. Dallas will likely convert Lamb’s 2025 & 2026 base salaries into signing bonuses over the next two offseasons, pushing dead cap into the 2027–2030 seasons, adding more leverage for the player come extension time in 3 or so seasons. Sound familiar?

Michael GinnittiAugust 27, 2024

With Week 1 of the 2024 regular season nearly upon us, it’s a good time to take one last offseason look at the practical contract outlook for every starting QB based on guarantee structure.

Kyler Murray (ARI)

4 years, $150M

Murray’s impressive contract contains early vesting guarantees through 2027. With that said - if Murray can right the ship with a few new weapons, his payouts of $39M, $32M, $42M, & $36M over the next 4 years should hold value in their respective cap climates.

Kirk Cousins (ATL)

2 years, $100M

The guarantee figure consists of Cousins’ 2024 salary, 2025 salary, & $10M of his 2026 compensation, which becomes fully guaranteed next March.

Lamar Jackson (BAL)

3 years, $127M

After an $80M payout in 2023, Lamar’s 2024 cash drops to $31.75M (16th among QBs). Still, he’s well compensated through 2026, with a chance to re-up again before he turns 30.

Josh Allen (BUF)

2 years, $69.5M

The Bills have Allen under contract through the 2028 season, but the early-vesting guarantees fall off after 2025. We detailed a few thoughts on how this scenario may play out in the not so far away future.

Bryce Young (CAR)

3 years, $12.6M

The Panthers have Young fully guaranteed through 2026, with a 5th-year option in place for 2027. He becomes extension-eligible for the first time after 2025.

Caleb Williams (CHI)

4 years, $39M

The Bears have Williams fully guaranteed through 2027, with a 5th-year option in place for 2028. He becomes extension-eligible for the first time after 2026.

Joe Burrow (CIN)

4 years, $173M

Burrow will reel in over $65M cash in 2024 & has already banked over $111M on his new deal. The contract carries early vesting salary/bonuses through 2027, with the final 2 years (2028-2029) built in a pay-as-you-go structure.

Deshaun Watson (CLE)

3 years, $138M

2024 represents Year 3 of Watson’s fully guaranteed 5 year contract, and for now - the outlook remains grim. Cleveland appears poised to carry his full $63.7M cap figure this season to mitigate future cap costs.

Dak Prescott (DAL)

N/A

Prescott’s $29M salary for 2024 will become fully guaranteed next week, but for now - he’s operating on a non-guaranteed expiring contract. The clock is ticking toward March 12th.

Bo Nix (DEN)

4 years, $18M

The Broncos have Nix fully guaranteed through 2027, with a 5th-year option in place for 2028. He becomes extension-eligible for the first time after 2026.

Jared Goff (DET)

4 years, $193M

The Lions took care of Goff to the tune of $80.6M cash in 2024, your standard $54M raise. He’s practically guaranteed through his age-33 season now, with a chance to re-up one last time if the wheels are still churning.

Jordan Love (GB)

3 years, $163M

Love’s zero to 100 career as a starter culminated with a $160M practical guarantee from the Packers this summer. He’ll earn $79M for the upcoming season, $143M through 2026, with a $20M early guarantee hanging out in 2027 for Green Bay to deal with as needed.

C.J. Stroud (HOU)

3 years, $12M

Stroud’s rookie contract is fully guaranteed through 2026, with a 5th-year option available in 2027. Houston is promised at least two more seasons of financial value on this deal, before he becomes extension-eligible after the 2025 campaign.

Anthony Richardson (IND)

3 years, $11.5M

Richardson’s rookie contract is fully guaranteed through 2026, with a 5th-year option available in 2027. He won’t become extension-eligible until after the 2025 season.

Trevor Lawrence (JAX)

5 years, $202M

Jacksonville wasted no time locking in their QB1 during his first eligible offseason. The signing bonus plus 4 option bonus structure keeps him well compensated while tempering the salary cap hits through 2028.

Patrick Mahomes (KC)

4 years, $205.4M

In totality, Mahomes’ contract contains early vesting guarantees all the way through the finish line (8 years, $361.45M). However, last summer’s restructure set things up to operate through the 2027 season, with a pretty clear cut do-over forthcoming, assuming Mahomes is still Mahomes.

Justin Herbert (LAC)

5 years, $228.6M

Herbert’s deal contains significant early guarantees through the 2028 season, making it one of the stronger contracts currently on the books. With an overhaul of the coaching staff and weapon-room now in place, it’s a big year for Herbert to show he can stay above the fray as an elite QB1.

Matthew Stafford (LAR)

1 year, $40M

The Rams sweetened Stafford’s 2024 pot a bit with a $5M cash advance ($36M total in 2024), and an early guarantee on his $4M 2025 roster bonus. It did little to secure his roster spot in 2025 from a financial standpoint, but he can certainly do that on the field this upcoming season.

Gardner Minshew (LV)

1 year, $15.6M

The Raiders signed Minshew away from the Colts with a $15M guarantee, including $3.1M of his 2025 salary. The Week 1 starter has a chance to win this job long-term, which would almost certainly come with a brand new, much more expensive, contract next spring.

Tua Tagovailoa (MIA)

3 years, $152M

Tua’s new deal secures him an extra $20M for 2024 ($43.125M total), and nearly $150M through the 2026 season. Miami can buy him out thereafter at just a $3M cash cost.

Sam Darnold (MIN)

1 year, $10M

McCarthy’s injury becomes yet another chance for Darnold to spotlight himself as a starting NFL QB. He’s had (much) worse weapon sets to work with.

Drake Maye (NE)

4 years, $36M

We’re just going to assume Maye over Brissett here. The Patriots have Maye fully guaranteed through 2027, with a 5th-year option in place for 2028. He becomes extension-eligible for the first time after 2026.

Derek Carr (NO)

1 year, $40M

The $40M guarantee consists of Carr’s $30M 2024 salary, and a $10M roster bonus in 2025. If the wheels fall off this season, that $10M bonus likely becomes a buyout payment, though it’ll factor into a dead cap hit north of $50M for New Orleans.

Daniel Jones (NYG)

1 year, $36M

Jones’ contract was always going to be a 2 year, $82M and then we’ll see, situation. If he can right the ship in 2024, a $30.5M cash salary in 2025 could be considered value for the Giants, but for now this is a big if.

Aaron Rodgers (NYJ)

1 year, $38M

Rodgers is operating year-to-year in NY, and there’s another $37.5M available for him in 2025 if he and the Jets want things to continue.

Jalen Hurts (PHI)

4 years, $184M

Year 2 of Hurts’ extension comes with a $40M paycheck, and the early vesting guarantees on the deal run through 2027.

Justin Fields (PIT)

1 year, $3.2M

Pittsburgh declined a $25.6M option for 2025, giving them a 1 year look at the former #11 overall pick. Even if he’s not named a QB1 out of the gate, it seems highly likely that the offense will contain certain packages built just for his skill set.

Russell Wilson (PIT)

N/A

Wilson’s veteran minimum salary ($1.21M) won’t fully guarantee until Week 1 but it’s locked in for practical purposes. Denver will be on the hook for $39M minus whatever Wilson accrues elsewhere in 2024.

Geno Smith (SEA)

1 year, $22.5M

Smith’s contract was a year-to-year structure out of the gate, so it’s on Seattle to ensure his compensation every February. They’ve done so for 2024 at $22.5M, but it stands to reason that if he remains the option going forward, an extension will be needed come next year ($25M remaining).

Brock Purdy (SF)

N/A

Purdy’s rookie contract has 2 years, $2M remaining through 2025. However, you may have heard, the former #262 overall pick becomes extension-eligible after 2024. He may potentially earn the single biggest raise in NFL history from his current $1.1M salary in 2025.

Baker Mayfield (TB)

1 year, $40M

Mayfield’s upfront security consists of $30M cash in 2024 plus a $10M guarantee on his 2025 compensation. The latter could very well be treated as a buy out if the Buccaneers decide to go in a different direction. But if not, a 2 year, $60M deal could hold value for Tampa Bay.

Will Levis (TEN)

3 years, $4M

Levis’ rookie deal contains full guarantees through 2024, 2025 & 62% of his 2026 salary, the final year of his contract. He’ll be eligible for an extension after the 2025 season.

Jayden Daniels (WSH)

4 years, $37M

The Commanders have Daniels fully guaranteed through 2027, with a 5th-year option in place for 2028. He becomes extension-eligible for the first time after 2026.

 

Michael GinnittiAugust 14, 2024

With the 2024 regular season just a few weeks out, teams are taking one last crack at locking in notable expiring contracts before the threat of free agency creeps in.

While a few extensions are sure to get done, we’ll take an extra early look at which players from each position group could be headed to the open market when the 2025 league year begins next March 12th.

RELATED: 2025 NFL Free Agents

QUARTERBACKS

Quite a few moving targets here, none bigger than Prescott and his potentially historic looming extension in Dallas, but the (year long?) QB1 battle in Pittsburgh will certainly have ramifications on this free agent class next March. J.J. McCarthy’s knee surgery should pave the way for Sam Darnold to showcase himself for a potential 2025 starting role elsewhere.

Dak Prescott (DAL, 31)

Justin Fields  (PIT, 25)

Russell Wilson (PIT, 36)

Mac Jones (JAX, 26)

Jameis Winston (CLE, 30)

Sam Darnold (MIN, 27)

Zach Wilson (DEN, 25)

Trey Lance (DAL, 24)

RUNNING BACKS

This list currently offers much less to be desired than the 2023 class presented, but there’s no question that it will be bolstered by a few likely cap casualties next March. Dobbins, Harris, & Williams all have legitimate chances to reset their free agent values this winter with productive, healthy campaigns.

James Conner (ARI, 29)

Nick Chubb (CLE, 29)

Najee Harris (PIT, 26)

A.J. Dillon (GB, 26)

Javonte Williams (DEN, 24)

JK Dobbins (LAC, 26)

Aaron Jones (MIN, 30)

WIDE RECEIVERS

Higgins & Cooper seem highly likely to find themselves on the open market next March, while long-term questions surrounding Lamb & Aiyuk continue to dominate the news streams. Newcomers Allen (Chicago) & Johnson (Carolina) could play themselves into multi-year extensions if the fit is right.

CeeDee Lamb (DAL, 25)

Brandon Aiyuk (SF, 26)

Stefon Diggs (HOU, 31)

Tee Higgins (CIN, 25)

Keenan Allen (CHI, 32)

Amari Cooper (CLE, 30)

Brandin Cooks (DAL, 31)

Diontae Johnson (CAR, 28)

DeAndre Hopkins (TEN, 32)

Mike Williams (NYJ, 30)

Marquise Brown (KC, 27)

Chris Godwin (TB, 28)

TIGHT ENDS

Freiermuth & Johnson are looking for bounce-back walk years in Pittsburgh & New Orleans respectively, while Noah Gray’s stock could rise internally if Travis Kelce decides to hang up the cleats after 2024.

Pat Freiermuth (PIT, 26)

Tyler Conklin (NYJ, 29)

Noah Gray (KC, 25)

Mo Alie-Cox (IND, 31)

Juwan Johnson (NO, 28)

Brevin Jordan (HOU, 24)

Harrison Bryant (LV, 26)

Austin Hooper (NE, 30)

Mike Gesicki (CIN, 29)

Zach Ertz (WAS, 34)

OFFENSIVE TACKLES

The Jags are likely banking on Walker Little to spell Robinson in 2025 & Bolles could be on the move out of Denver if the wheels continue to fall off there. Stanley needs a healthy 2024 to recoup some of his All-Pro value, but Mekari could very well be the benefactor if he becomes Baltimore’s focal point going forward.

Cam Robinson (JAX, 29)

Garett Bolles (DEN, 32)

Ronnie Stanley (BAL, 30)

Tyron Smith (NYJ, 34)

Patrick Mekari (BAL, 27)

Jedrick Wills (CLE, 25)

Morgan Moses (NYJ, 33)

Chukwuma Okorafor (NE, 27)

Trenton Brown (CIN, 31)

Spencer Brown (BUF, 26)

GUARDS

Massive contracts for Joe Thuney & Robert Hunt in recent free agencies have to have players like Trey Smith & Teven Jenkins smiling but all of these players (maybe sans Martin, who could be eyeing retirement) should be headed for strong pay days in the coming months.

Zack Martin (DAL, 34)

Kevin Zeitler (DET, 34)

Trey Smith (KC, 25)

Teven Jenkins (CHI, 26)

Will Hernandez (ARI, 29)

Will Fries (IND, 26)

James Daniels (PIT, 27)

CENTERS

Dalman & Humphrey were classified as Top 5 centers in 2023 according to PFF and should be eyeing a market reset for the position. Kelly is looking to stay in Indy for the right price, while Corbett’s move over from guard is one to watch this season.

Drew Dalman (ATL, 26)

Creed Humphrey (KC, 25)

Ryan Kelly (IND, 31)

Coleman Shelton (CHI, 29)

Hjalte Froholdt (ARI, 28)

Austin Corbett (CAR, 29)

DEFENSIVE LINEMEN

A rash of extensions leaves this crop with a little more to be desired, but McNeill had a breakout campaign in 2023 and might price out the now loaded Lions, while Odighizuwa might be left out of Dallas’ expensive future plans as well.

Alim McNeill (DET, 24)

Armon Watts (NE, 28)

Osa Odighizuwa (DAL, 26)

Cameron Heyward (PIT, 35)

B.J. Hill (CIN, 29)

Harrison Phillips (MIN, 28)

Jarran Reed (SEA, 32)

EDGE DEFENDERS

Reddick & Judon are deep into contract disputes with their respective teams, Mack took a haircut to remain in LA, and both Lawrence & Omenihu appear headed for the open market as their teams have plenty of other mouths to feed.

Khalil Mack (LAC, 33)

DeMarcus Lawrence (DAL, 32)

Chase Young (NO, 25)

Matt Judon (ATL, 32)

Haason Reddick (NYJ, 30)

Charles Omenihu (KC, 27)

LINEBACKERS

It’s been a tough go for off-ball linebackers on the open market & many of the names on the 2025 list were also on the 2024 free agency list as well. Greenlaw’s Super Bowl injury annexed what was looking like the next big LB contract, but there’s still time for him to regain some of that value back. Jones was the breakout star in LA last season, and could make himself a lot of money with a repeat campaign in 2024.

Dre Greenlaw (SF, 27)

Tyrel Dodson (SEA, 26)

Bobby Wagner (WAS, 34)

Ernest Jones (LAR, 25)

Robert Spillane (LV, 29)

Eric Kendricks (DAL, 32)

Lavonte David (TB, 34)

Elandon Roberts (PIT, 30)

CORNERBACKS

This might be the deepest list positionally speaking, headlined by three key cogs in the 49ers secondary, and a former first rounder in Terrell who along with Sameul Jr., are looking to maximize value heading toward free agency.

Charvarius Ward (SF, 29)

Isaac Yiadom (SF, 28)

Deommodore Lenoir (SF, 25)

A.J. Terrell (ATL, 26)

Asante Samuel Jr. (LAC, 25)

Rasul Douglas (BUF, 30)

Michael Carter (NYJ, 25)

Paulson Adebo (NO, 25)

D.J. Reed (NYJ, 28)

Mike Hilton (CIN, 30)

Jonathan Jones (NE, 31)

SAFETIES

A largely devalued position was financially reset this offseason by Antoine Winfield Jr. in Tampa Bay. Jevon Holland has a chance to position himself for that belt with another big year in Miami, while Justin Reid becomes yet another big member of the Chiefs in need of a new deal in the coming months.

Jevon Holland (MIA, 24)

Budda Baker (ARI, 28)

Justin Reid (KC, 27)

Tyrann Mathieu (NO, 32)

Camryn Bynum (MIN, 26)

Talanoa Hufanga (SF, 25)

Trevon Moehrig (LV, 25)

Julian Blackmon (IND, 26)



RELATED: 2025 NFL Free Agents

Who did we forget? Drop a note on X or Threads @spotrac to keep this list as fresh as possible through the 2024 season.

Michael GinnittiJuly 30, 2024

As new quarterback contracts continue to hit the books at historic costs, the separation between deals that were signed just a few years ago becomes greater and greater. There may be no better example of this than Josh Allen, who’s contract with the Buffalo Bills now looks like a rookie wage scale deal in comparison to a few of the more recently signed.

Allen is entering Year 4 of an 8 year, $284.5M contract that was signed in August of 2021, set to earn $30M cash for the upcoming season. In total, the deal has 5 years, $189.5M remaining on it through 2028.

When looking at the QB contract landscape over just the next three seasons, Allen’s cash flow currently ranks 15th. And with a new contract for Dak Prescott looming (now or next March), it’s safe to drop Allen down to 16th for practical purposes.

QB Cash Available 2024-2026

  • 1. Jared Goff, $153.6M
  • 2. Patrick Mahomes, $152.5M
  • 3. Tua Tagovailoa, $149M
  • 4. Jordan Love, $143M
  • 5. Justin Herbert, $140M
  • 6. Deshaun Watson, $138M
  • 7. Joe Burrow, $136M
  • 8. Kirk Cousins, $135M
  • 9. Jalen Hurts, $133M
  • 10. Lamar Jackson, $127M
  • 11. Derek Carr, $120M
  • T12. Trevor Lawrence, $114M
  • T12. Kyler Murray, $114M
  • T12. Daniel Jones, $114M
  • 15. Josh Allen, $108M

As deals for Jordan Love, Trevor Lawrence, & Tua Tagovailoa are spelled out across the internets, the urge to compare the shiny new numbers to the ghosts of nfl contracts past from Patrick Mahomes and Josh Allen becomes irresistible. But the Chiefs agreed to (actually) restructure Mahomes’ cash flow last offseason to sweeten his current pot, while keeping him under term through 2031 (for now).

As shown above, only Jared Goff (who scored a ridiculous $80M payout in 2024) is set to earn more than Mahomes from a cash perspective over the course of the next three seasons.

Of course, the Chiefs felt a bit of an obligation to address their QB1’s cash flow after back to back Super Bowl victories in 2022 & 2023. Josh Allen’s current resume includes 4 straight AFC East titles (2020-2023), but he’s been unable to get his Bills teams over the AFC Championship hump and into a Super Bowl as of yet.

So as talk about the widening gap between Allen’s current contract (which he agreed to) and its place almost exactly in the middle of the starting QB contract landscape increases - will the Buffalo Bills front office feel pressured into reacting? Will Allen and his camp put their foot down at some point over the next 12 months despite a considerable amount of term left on his current deal?

Let’s play out a few scenarios.

A Cash Flow Restructure

Allen doesn’t have a Mahomes resume to boast, but he’s garnered enough clout to bring the “sweeten the pot” convo to the table. Let’s keep something in mind here however.

Here’s the current cash breakdown for Josh Allen’s remaining contract:

2024: $30M
2025: $39.5M ($25M roster bonus)
2026: $38.5M ($15M roster bonus)
2027: $40M ($25M roster bonus)
2028: $41.55M ($25M roster bonus)

I’ve highlighted the included roster bonuses because that seems to be the most logical path to bringing money forward on the deal (without having to process a brand new deal from scratch). Per the list of 3-year payouts above, Allen sits about $45M below the very top of the pay class, and around $20M from cracking the Top 10 (he’s currently 15th per this metric).

If the Bills agree to pull forward Allen’s $25M roster bonus from 2028 into 2025 & 2026, will it be enough to keep him on the deal until the 2027 offseason?

Potential Updated Cash Flow:
2024: $30M
2025: $51.5M
2026: $51.5M
3-Year Total: $133M (ties Jalen Hurts for 9th)

Is Josh Allen the 9th best quarterback in football? No. But that’s not how the financial rankings ever play out. Timing is everything, and unfortunately for Allen, he agreed to a contract that was (at least) 3 years too long.

A Complete Do-Over

Before we get here, it should be noted that the Bills (or any NFL front office) will want absolutely nothing to do with a rip-up-and-start-over contract for a player that has 4 years remaining on his current deal. And nor should they quite frankly.

However, for purposes of this exercise, we’ll assume that Allen has another Allen type season in 2024, and Buffalo feels compelled to explore every option to keep their franchise QB1 at peak happiness (especially with a big, new, expensive stadium in the process of being built).

Here’s a quick look at every NFL veteran contract that has been ripped up with 4+ years left on it in order to sign the player to a bigger, better contract:

None. The answer is none.

Current Market Value

As the QB money ladder continues to climb, so do the valuations for players nearing their next big contract. For Allen, our math tells us he projects toward a 5 year, $299.8M contract, or just a sliver under $60M per year.

However, for this exercise, we’re going to build in the idea that Allen & his camp will take a slight “average salary” discount as concession for Buffalo going the extra-extra mile to rip up their first swing and a miss of a contract and start fresh here.

Keep in mind, there’s an awful lot of bonus proration being transferred from old contract to new here, so the numbers get messy pretty quickly…

Potential Brand New, From Scratch Contract

We’re offering up a 5 year, $287.5M contract for Josh Allen that begins in 2025 and runs through the 2029 season. A void year in 2030 was added to allow a 2026 option bonus to prorate the full 5 seasons.

Bonuses
The deal includes a $45M signing bonus in 2025, a $45M option bonus in 2026, and early March roster bonuses of $25M in each of 2027-2029. Annual $1M workout bonuses are carried over from his previous deal, offering plenty of opportunities for Allen to get cash in hand throughout the calendar year.

Cash Flow
From a cash flow standpoint, the big number to note here is $155.5M. That’s the 3-year payout on this contract, and it surpasses Lamar Jackson’s current high mark of $155.25M (though Dak Prescott may soon have something to say about this). On the previous deal, Allen was set to earn $39.5M/$38.5M/$40M from 2025-2027. That’s been updated to $51M/$56M/$48.5M in our projection.

Guarantees
This breakdown includes $130M fully guaranteed at signing by way of a $45M signing bonus (2025), $45M option bonus (2026), $25M roster bonus (2027), and $15M of base salary in 2025-2026. In March of 2026, the $22.5M base salary for 2027 & $25M roster bonus for 2028 will become fully guaranteed. In March of 2027, the $23.75M of base salary for 2028 will become fully guaranteed, placing a $201.25M practical guarantee on this contract. This represents a 70% guarantee for Allen through 2028.

Cap Hits
The cap hits begin to look terrifying pretty quickly on this breakdown, but there are a few things to keep in mind here.

First, Allen’s current cap hit for 2025 is $60.7M. Per our projection, Buffalo would be clearing $24.5M of space, with another $9.5M freed up in 2026 ($56.4M down to $46.9M). A $75.9M cap hit for 2027 looks astronomical today, but with a league salary cap expected to be north of $310M that season, the Bills would only need to process a simple conversion on that $25M roster bonus to make things “doable” through Year 3 of this deal.

A similar conversation can be had about 2028, though it’s very easy to see that the dead cap and void years will begin to pile up quickly - something GM Brandon Beane has done a nice job of avoiding throughout his tenure in Buffalo.

Overall Thoughts
Obviously this is just one way to slice this loaf of bread. The deal could be constructed with a much more front-loaded outlook, make cap hits in 2027-2028 easier to work with, and making for less need to kick the can down the road. But any way you look at it, starting over fresh with Josh Allen next spring/summer comes with an awful lot of financial challenges.

A Do-Nothing Approach

At least for 2025, this seems to be the most likely scenario. Not because Josh Allen doesn’t deserve to be earning Top 10 QB money (cash, not AAV). Rather, the current deal just simply holds too much paid out bonus proration on it to tinker with next year.

2025 will be the final year of proration from the original $16.5M 2021 signing bonus, and the 2nd to last year of proration from the $42.4M 2022 option bonus. The contract has also gone through two significant cap conversions in 2023 & 2024 that have laid out bonus proration through the 2028 season.

Waiting until after 2025 to get serious about a new contract for Allen eliminates over $21M of bonus that would need to transfer over and be dealt with immediately. In 2026, Allen’s contract will have 3 years, $120M remaining on it which is still way too early for many franchises to discuss extending out of, but might be the right time for Buffalo to put their QB1 into a more competitive, representative contract for the current times.

Potential 2026 Renegotiation

For our 2026 projection, we've upped the overall value of the contract to 5 years, $300M for purposes of general inflation (and additional QB contracts that may then be on the books). This should still represent a near but not at the top of the market price point for Allen & the Bills. The signing and option bonuses have been increased to $50M each, but for the most part, the year-to-year & guarantee structure of the deal remains the same from our 2025 projection.

Prediction

Allen plays out 2024 at his $30M cash salary, further accentuates his place as a Top 2 quarterback in the league, and puts the Bills' front office in a position where they feel somewhat obligated to make a move.

The better business move for Buffalo is clearly a "sweeten the cash flow" approach, so Allen sees a significant pay raise ($10M-$12M per year)& an early guarantee on all of his 2026 compensation across both 2025 & 2026, with a penciled in plan to formally extend their QB1 during the 2027 offseason (assuming all is right and well).

Michael GinnittiJuly 27, 2024

The Extension Terms

Tua Tagovailoa and the Miami Dolphins came to terms on a 4 year, $212.4M extension yesterday that keeps the QB under contract through the 2028 season. It easily surpasses Tyreek Hill’s $120M contract as the largest total value deal in Dolphins’ history, while the $212.4M figure ranks 11th among active NFL contracts.

The $53.1M contract average is the 2nd largest figure in NFL history, but Tua now ranks 4th in AAV behind Burrow, Lawrence, and Love - all who clock in at $55M. Against the current $255.4M league salary cap, Tua’s AAV represents 20.79%, which ranks 12th in the league (behind Lawrence, ahead of Goff).

The Guarantee Structure

Tagovailoa’s new deal contains $93.171M fully guaranteed at signing, by way of a $42M signing bonus, his 2024 salary, 2025 salary, and a $25M 2025 offseason roster bonus. The $93.171M currently ranks 12th among all contracts, while a sub 40% total value guarantee (39.5%) is quite a bit less than the recent near/top of the market QB contracts to hit the books.

It’s clear this was a major sticking point for the Dolphins amidst negotiations.

Next March, his $54M 2026 salary becomes fully guaranteed. This figure is guaranteed for injury at signing.

In March of 2026, $3M of Tua’s 2027 salary becomes fully guaranteed. $20M of this salary is guaranteed for injury at signing. The remaining $17M becomes fully guaranteed in March of 2027.

This calculates to a practical guarantee of $167.1M, (8th most) though it should be noted that the final $17M of 2027 salary should be considered a loose guarantee at this stage (is that the most oxymoronic statement ever?).

The Cash Flow

Tua will earn $43.125M in 2024, up nearly $20M from his previous $23.171M 5th-year-option.
The 2-year payout comes in at $94.1M, good enough for 5th among active contracts, while the 3-year cash flow hands Tua $149.1M, 3rd most and ahead of Joe Burrow.

Tua Tagovailoa’s Cash Flow
2024: $43.125M
2025: $51M
2026: $55M
2027: $37M
2028: $49.4M

Of note, the Dolphins compromised on a very strong early cash flow in lieu of making the 4th year of this contract more stable for Tua. When looking at the cash per year breakdown, it’s safe to assume that if all is going well after 2026, Miami will be willing to begin the re-negotiation process, when Tua will still be 28-years-old.

The Salary Cap Hits

An average signing bonus ($42M) and minimum salary for 2024 kept his cap hit for the upcoming season extremely team-friendly ($9.525M). It’s a savings of $13.6M from his 5th-year-option salary before the extension.

From there however, the onus will be put on the front office to manage Tua’s salary cap figures going forward. There’s a juicy $25M roster bonus (fully guaranteed) to be paid out next March that seems like a lock to be converted to a signing bonus for cap purposes. But the 2026 financials will need a wait-and-see approach. If the wheels are falling off on the relationship, Miami may be inclined to keep all or most of his $54M base salary intact, rather than add more dead cap to a soon to be traded or released player.

Tua Tagovailoa’s Cap Hits
2024: $9.5M
2025: $59.4M
2026: $63.4M
2027: $45.4M
2028: $57.8M

Attainable Incentives

The new deal contains incentives each of 2025-2028 that are tied to a combination of playing time and playoff success.

  • 50% regular season snaps + Wild Card Win: $250,000
  • 50% regular season snaps + Divisional Round Win: $500,000
  • 50% regular season snaps + Conf. Championship Win: $500,000
  • 50% regular season snaps + Super Bowl Win Win: $1M

A Potential Out Discussion

Miami was able to draw a pretty thick line in the sand after 2026 here. Even after they convert the $25M roster bonus for next season into signing bonus (and assuming no other conversion), the Dolphins will only be strapped with $34.8M of dead cap to move on before the 2027 campaign. ($3M of that comes in the form of fully guaranteed 2027 salary)

2027 should be the line of demarcation for both sides here. If it’s not working out, the Dolphins can and will bail. If it’s still full steam ahead, Tua should be aggressively seeking a contract extension after 2026, especially with “only” $37M allocated to the 2027 season.

This will immediately become one of the more polarizing, closely-watched contracts in 2024, as Tua’s injury history and lack of playoff production kept many followers wondering if the extension should have ever happened in the first place.

So let’s play it out this way: The Dolphins and Tua don’t agree on an extension. He ends his holdout prior to Week 1, earns his full $23.1M 5th-year option salary, plays out a $43M franchise tag in 2025, and plays out a $51M 2nd franchise tag in 2026. That’s 3 years, $118M.

Under these new terms, Tua is likely to earn $149M+ over the next 3 seasons, plus a $3M buyout guarantee in 2027 to get us to $152M+. That’s a difference of $34M. Is a potential franchise QB for 3 seasons worth an extra $34M in order to keep him happy, not holding out, and in the best frame of mind to produce? Most teams would say yes.

Michael GinnittiJuly 27, 2024

The Extension Terms

Jordan Love and the Green Bay Packers agreed to a 4 year, $220M contract extension last night. The deal adds on to his previous 1 year, $11M contract, combining for 5 years, $231M in total value. The $220M new money value ranks 10th among active contracts, but becomes the largest in Packers history by a country mile (Aaron Rodgers, $150.8M).

At $55M per year, Love is now tied with Joe Burrow & Trevor Lawrence as the highest average paid players in football, but this ranking should come with a fairly sizable asterisk. When pinning this metric against the league salary cap at the time of signing, Love/Lawrence’s AAV drops to 10th, at 21.53%. Burrow remains the leader in the clubhouse for this metric, as his $55M last offseason represents 24.47% of the league cap.

The Signing Bonus

The Packers have long operated as a franchise that hands out guarantees exclusively via the signing bonus. While Love’s new deal is one of the (very) few that contains additional salary guarantee, Green Bay handed their QB1 a record-setting $75M signing bonus. Of that, $25M will be paid next week, another $25M will be paid October 4th, and the final $25M will be paid out on December 27th. It’s an outstanding pay structure for an extraordinary bonus.

The previous breadwinner at this metric just received the belt a few weeks ago: Jared Goff, $73M per his new deal with the Lions.

Top 5 Signing Bonuses in NFL History

  1. Jordan Love (GB, 2024): $75M
  2. Jared Goff (DET, 2024): $73M
  3. Lamar Jackson (BLT, 2023): $72.5M
  4. Dak Prescott (DAL, 2021): $66M
  5. Russell Wilson (SEA, 2021): $65M

The Guarantee Structure

As noted above, the Packers broke tradition by guaranteeing more than just a signing bonus. Jordan Love’s $100.8M guaranteed at signing consists of his signing bonus, 2024 salary, 2025 salary, 2026 salary. The $100.8M currently ranks 9th among NFL contracts, but at nearly 44% of the total value of the contract ($231M), this is a fairly strong number.

Next March 16th, the remaining $39.5M of Love’s 2026 compensation (an option bonus) will become fully guaranteed. All of that is guaranteed for injury at the time of signing.

On the 5th league day of 2026, $20M of Love’s 2027 compensation becomes fully guaranteed. All of that is guaranteed for injury at the time of signing, and subject to offsets.

This calculates to a practical guarantee of $160.3M, which also ranks 9th among active contracts.

The Cash Flow

Love will make $79M in 2024, which is more than his previously available $11M I’m told. Only Jared Goff & Lamar Jackson (who each secured $80M) have locked in more out of the gate.

The 2-year payout for Love comes in at $92M, good enough for 6th among active contracts, while the 3-year cash flow hands Love $143M, 5th most and just behind Joe Burrow.

Jordan Love’s Cash Flow
2024: $79M
2025: $13M
2026: $51M
2027: $43M
2028: $45M

The Salary Cap Hits

The triple-bonus structure of this contract means very tenable cap hits early on in the deal, with a fluffy finale in 2028. We’re also projecting the use of 3 void years in 2029-2031 which allows the option bonuses to prorate a full 5 years, but leaves behind $34.7M of dead cap at the expiration of the contract after 2028.

Jordan Love’s Cap Hits

2024: $20.7M
2025: $29.7M
2026: $36.1M
2027: $42.4M
2028: $74.2M

The contract extension added $8M of cap to the upcoming 2024 season.

A Potential Out Discussion

Despite early vesting guarantees into the 2027 season, this is really a “3 years and we’ll see contract”. If the wheels are falling off between the two sides at any point over the next three seasons, the Packers can walk away after 2026 - but it will cost them.

Here’s the scenario: The Packers enter the 2026 offseason realizing Love may not be the future of the franchise. The decline a $39.5M option bonus (which is already guaranteed), choosing to take it all on as guaranteed salary instead. The move raises his 2026 cap hit to $67.7M, which is high, but will be doable in a near $300M league salary cap world. After 2026, Green Bay can outright release Love, taking on $51M of dead cap all at once, or $36M in 2027, $15M in 2028 as a Post 6/1 release. The catch? $20M of that dead cap will consist of fully guaranteed salary to be paid to Love, that is subject to offset language if he were to sign elsewhere for the season.

So yea, it’s a 3 year contract for slightly practical purposes, but much more plausible as a 4 year, $186M deal through the 2027 season. At this point in time, Love will be 29-years-old, and if things are going swimmingly, both sides will be ready to engage in new contract negotiations.

If things aren’t in shape to proceed after 2027, expect a Post June 1st release in March of 2028, leaving behind $29.2M of dead cap for that season, and another $34.7M in 2029. These figures can be reduced heavily if Green Bay were to decline Love’s $31.5M option bonus, instead choosing to take it all on as 2027 salary.

Plenty of options, a few fairly decent outs halfway through, but also a pretty strong contract for a player with very few game reps or big wins in his back pocket.

A Win For “Trust the Process”

When the Packers selected Jordan Love #26 overall back in 2020, the collective groans could be heard across all of NFL Nation. Green Bay was still attached at the hip to Aaron Rodgers, and it was widely believed that they were a high prospect offensive weapon or two away from being able to reach Super Bowl aspirations again.

Instead, the Packers’ front office decided to store a potential next-QB1 in their back pocket, starting the clock on his rookie contract value immediately - to much grief from those who follow closely  (myself included). Rodgers responded with back-to-back league MVP seasons, furthering the groans, what-ifs, and whys with this draft decision.

Love would see action in just 10 games before Green Bay finally made the decision to trade away Aaron Rodgers and turn the keys over to their 2020 1st Rounder. Though the timing of the move came on the heels of another big decision: Jordan Love’s $20.2M 5th-year-option. Would they fully guarantee their QB1 through 2024 without really knowing if he’s the man for the job?

Love and the Packers agreed on a creative, bridge extension that handed him a near $6M raise in 2023 (from $4M to $9.9M), with a chance for Green Bay to move on thereafter and cut their losses. Love responded about as well as possible in his first full season at QB1, forcing his front office to turn that bridge contract into a fully developed QB contract. And here we are.

Michael GinnittiJuly 15, 2024

With training camps just days away from officially opening, the time to recap the NFL offseason that was is here. Spotrac takes a look at current financial figures, notable free agent additions & subtractions, contract extensions, trades & future thoughts for each NFL franchise from the 2024 league year to date.

Jump to a team...
AFC EAST: BUF | MIA | NE | NYJ
AFC NORTH: BAL | CIN | CLE | PIT
AFC SOUTH: HOU | IND | JAX | TEN
AFC WEST: DEN | KC | LAC | LV
NFC EAST: DAL | NYG | PHI | WAS
NFC NORTH: CHI | DET | GB | MIN
NFC SOUTH: ATL | CAR | NO | TB
NFC WEST: ARI | LAR | SEA | SF

Arizona Cardinals

Current 90-Man Roster Financials

Top 51 Space: $34M (5th)
Total Cap: $270M (23rd)
Dead Cap: $21.6M (20th)

Notable Free Agent Adds

Justin Jones (DT, 27): Left the Bears on a 3 year, $31M contract that includes fully guaranteed salary in all 3 seasons. He projects to be a starter on the DL.

Bilal Nichols (DT, 27): Left the Raiders on a 3 year, $21M contract that includes $12M fully guaranteed through 2025. He projects to be a starter on the DL.

Jonah Williams (OT, 26): Left the Bengals on a 2 year, $30M contract that includes $19M fully guaranteed through 2025. He projects to be the starting RT.

Sean Bunting (CB, 27): Left the Titans on a 3 year, $25.5M contract that includes $14.1M fully guaranteed through 2025. He projects to be the starting LCB.

Mack Wilson (OLB, 26): Left the Patriots on a 3 year, $12.75M contract that includes $6.4M through 2025. He projects to be the starting WLB.

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Notable Free Agent Losses

Marquise Brown (WR, 27): Joined the Chiefs on a 1 year, $7M contract ($6.5M guaranteed).

VIEW ALL

Notable Extensions

None.

Notable Trades

Acquired Desmond Ridder (QB) from the Falcons in exchange for Rondale Moore (WR).

Additional Thoughts

The Cardinals enter 2024 with just 3 cap figures north of $10M (Kyler Murray, $49M, Budda Baker, $19M, Jalen Thompson, $12M). #4 overall selection Marvin Harrison Jr. is one of the most anticipated team adds of the entire NFL offseason. Last year’s LT D.J. Humphries was designated a Post 6/1 release, leaving behind a $7M dead cap hit each of this and next season.

Atlanta Falcons

Current 90-Man Roster Financials

Top 51 Space: $3.1M (31st)
Total Cap: $290M (4th)
Dead Cap: $6.1M (30th)

Notable Free Agent Adds

Kirk Cousins (QB, 35): Left the Vikings on a 4 year, $180M contract that includes $100M guaranteed through 2026. He projects to be the Week 1 starting QB.

Darnell Mooney (WR, 26): Left the Bears on a 3 year, $39M contract that includes $26M guaranteed through 2025. He projects as the Week 1 WR2.

Charlie Woerner (TE, 26): Left the 49ers on a 3 year, $12M contract that includes $4.1M guaranteed through 2024. He projects to be the TE2 for the upcoming season.

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Notable Free Agent Losses

Jonnu Smith (TE, 28): Joined the Dolphins on a 2 year, $8.4M contract ($3.96M guaranteed).

Cordarrelle Patterson (RB, 33): Joined the Steelers on a 2 year, $6M contract ($1.9M guaranteed).

Bud Dupree (ED, 31): Joined the Chargers on a 2 year, $6M contract ($2.7M guaranteed).

VIEW ALL

Notable Extensions

None.

Notable Trades

Acquired Rondale Moore (WR) from the Cardinals in exchange for Desmond Ridder (QB).

Additional Thoughts

The selection of QB Michael Penix Jr. at #8 overall just weeks after guaranteeing $100M to Kirk Cousins remains the big storyline for this team heading into the 2024 season. Across the roster, CB A.J. Terrell & TE Kyle Pitts are already extension eligible, while WR Drake London will become so after the upcoming campaign. It feels like a make or break season for a LOT of people attached to this organization.

Baltimore Ravens

Current 90-Man Roster Financials

Top 51 Space: $6.3M (28th)
Total Cap: $278M (13th)
Dead Cap: $14.8M (26th)

Notable Free Agent Adds

Derrick Henry (RB, 30): Left the Titans on a 2 year, $16M contract that includes $9M fully guaranteed through 2024. He projects to be the RB1 for the upcoming season.

Deonte Harty (KR/WR, 26): Left the Bills on a 1 year, $1.3M contract ($1.1M guaranteed) to take over return duties in Baltimore.

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Notable Free Agent Losses

Patrick Queen (LB, 24): Joined the Steelers on a 3 year, $41M ($13.8M guaranteed).

Jadeveon Clowney (ED, 31): Joined the Panthers on a 2 year, $20M contract ($12M guaranteed).

Geno Stone (S, 25): Joined the Bengals on a 2 year, $14M contract ($6M guaranteed).

John Simpson (G, 26): Joined the Jets on a 2 year, $12M contract ($6M guaranteed).

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Notable Extensions

Justin Madubuike (DT, 26): Signed a 4 year, $98M extension from a $22M franchise tag offer that includes $53.5M fully guaranteed, $75.5M for practical purposes.

Rashod Bateman (WR, 24): Signed a 2 year, $12.8M extension (3 year, $15.25M total value) to replace a potential 2 year, $18.5M remaining rookie contract. The new deal includes $4.5M fully guaranteed.

Nelson Agholor (WR, 31): Signed a 1 year, $3.75M fully guaranteed extension.

Notable Trades

Sent Morgan Moses (OT, 33) to the Jets with a 4th round pick for a 4th & 6th round pick.

Additional Thoughts

The free agent signing of RB Derrick Henry carries the headline into training camp, though a massive extension for DL Justin Madubuike certainly set a tone. Post-2024 futures for OT Ronnie Stanley, CB Marlon Humphrey, & even TE Mark Andrews could very much be in question, so the upcoming season could feel like a bit of a last ride in certain cases, especially when we include $275M+ of cap allocated to the 2025 roster already.

Buffalo Bills

Current 90-Man Roster Financials

Top 51 Space: $7.5M (26th)
Total Cap: $281M (9th)
Dead Cap: $61.2M (2nd)

Notable Free Agent Adds

Curtis Samuel (WR, 27): Left the Commanders on a 3 year, $24M contract that includes $13.1M fully guaranteed. He projects to be the WR2 for the upcoming season.

DaQuan Jones (DT, 32): Rejoins the Bills on a 2 year, $16M contract that includes $10.5M fully guaranteed through 2025. He projects to start on the DL.

A.J. Epenesa (ED, 25): Rejoins the Bills on a 2 year, $12M contract that includes $6.5M fully guaranteed through 2024. He projects to start on the DL.

Nicholas Morrow (LB, 29): Left the Eagles on a 1 year, $1.5M contract that includes $750,000 guaranteed. He projects to start at the SAM position.

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Notable Free Agent Losses

Gabriel Davis (WR, 25): Joins the Jaguars on a 3 year, $39M contract ($24M guaranteed).

Leonard Floyd (ED, 31): Joins the 49ers on a 2 year, $20M contract ($12M guaranteed).

Mitch Morse (C, 32): Joins the Jaguars on a 2 year, $10.5M contract ($7M guaranteed).

Tre'Davious White (CB, 29): Joins the Rams on a 1 year, $4.25M contract ($3.25M guaranteed).

Jordan Poyer (S, 33): Joins the Dolphins on a 1 year, $2M contract ($1M guaranteed).

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Notable Extensions

Dion Dawkins (OT, 29): Tacked on 3 years,$60M to a 1 year, $10.3M remaining contract, including $30M fully guaranteed through 2025.

Taron Johnson (CB, 27): Signed a 3 year, $30.75M extension that includes $17.8M fully guaranteed through 2025.

Dawson Knox (TE, 27): Signed a 3 year, $29.5M renegotiated contract through 2026 that includes $12.75M fully guaranteed.

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Notable Trades

Sent Ryan Bates (G, 27) to the Bears for a 5th round pick.

Sent Stefon Diggs (WR, 30) to the Texans with a 5th round pick, for a 2nd round pick.

Additional Thoughts

The Bills went through a painful February and March, releasing & trading away key pieces of their recent successful puzzle. For the most part, each yang received a corresponding ying via free agency & the draft to follow, but there’s no question that a very different Buffalo Bills team will hit the field in a few months. One unmentioned notable from above: OLB Von Miller took a near $9M pay cut to remain with the organization this season.

Carolina Panthers

Current 90-Man Roster Financials

Top 51 Space: $5.6M (30th)
Total Cap: $288M (5th)
Dead Cap: $46M (9th)

Notable Free Agent Adds

Robert Hunt (G, 27): Left the Dolphins on a 5 year, $100M contract that includes $63M practically guaranteed through 2026. He projects as the starting RG.

Damien Lewis (G, 27): Left the Seahawks on a 4 year, $53M contract that includes $26.2M guaranteed through 2025. He projects as the starting LG.

A'Shawn Robinson (ED, 29): Left the Giants on a 3 year, $22.5M contract that includes $7.3M guaranteed through 2024. He projects to start on the DL.

Jadeveon Clowney (ED, 31): Left the Ravens on a 2 year, $20M contract that includes $12M guaranteed through 2025. He projects to start as the SAM LB.

Josey Jewell (LB, 29): Left the Broncos on a 3 year, $18.75M contract that includes $10M guaranteed through 2025. He projects to start as an inside linebacker.

D.J. Wonnum (ED, 26): Left the Vikings on a 2 year, $12.5M contract that includes $1.25M guaranteed. He projects to start on the DL.

Dane Jackson (CB, 27): Left the Bills on a 2 year, $8.5M contract that includes $5.1M guaranteed. He’s projected to start at LCB for the upcoming season.

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Notable Free Agent Losses

Frankie Luvu (LB, 27): Joined the Commanders on a 3 year, $31M contract ($19M guaranteed).

Yetur Gross-Matos (ED, 26): Joined the 49ers on a 2 year, $18M contract ($9.4M guaranteed).

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Notable Extensions

Derrick Brown (DT, 26): Tacked on 4 years, $96M to an $11.6M 5th-year-option, including $60.6M practically guaranteed through 2026.

J.J. Jansen (LS, 38): Signed another 1 year, veteran minimum extension to remain in Carolina.

Notable Trades

Acquired Diontae Johnson (WR, 28) from Pittsburgh with a 7th round pick in exchange for Donte Jackson (CB, 28) and a 6th round pick. Johnson brings a 1 year, $10M contract with him.

Sent Brian Burns (ED, 26) & Tyrone Tracy (RB, 24) to the Giants for a 2nd round pick and two 5th round picks.

Additional Thoughts

The Panthers are taking another stab at buying a better ball club in 2024, pumping out a league-high $260M worth of free agent contracts this past spring. There’s a world where more than a dozen players added via free agency, trades, or the draft this offseason become new starters for the Panthers in 2024. Carolina has the 6th most overall salary cap allocated this season, but are middle of the pack in 2025 as currently constructed.

Chicago Bears

Current 90-Man Roster Financials

Top 51 Space: $21.6M (14th)
Total Cap: $270M (24th)
Dead Cap: $13M (27th)

Notable Free Agent Adds

D'Andre Swift (RB, 25): Left the Eagles on a 3 year, $24M contract that includes $15M practically guaranteed through 2025. He projects to be the starting RB1.

Kevin Byard (S, 30): Left the Eagles on a 2 year, $15M contract that includes $7.4M fully guaranteed. He projects to be the starting FS.

Gerald Everett (TE, 30): Left the Chargers on a 2 year, $12M contract that includes $6M fully guaranteed. He projects to serve as the TE2 behind Cole Kmet.

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Notable Free Agent Losses

Darnell Mooney (WR, 26): Joins the Falcons on a 3 year, $39M contract ($26M guaranteed).

Justin Jones (DT, 27): Joins the Cardinals on a 3 year, $31M contract ($24M guaranteed).

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Notable Extensions

Jaylon Johnson (CB, 25): Replaced a $19.8M franchise tag with a 4 year, $76M extension that includes $44M practically guaranteed through 2025.

Patrick Scales (LS, 36): Returns to Chicago on a 1 year veteran minimum contract.

Notable Trades

Sent Justin Fields (QB, 25) to the Steelers for a conditional 6th round pick.

Acquired Keenan Allen (WR, 32) from the Chargers for a 4th round pick. Allen brings a 1 year, $23.1M contract with him to Chicago.

Acquired Ryan Bates (G, 27) from the Bills for a 5th round pick. Bates brings a 2 year, $8M contract with him to Chicago.

Additional Thoughts

Big Draft. Notable Trades. Plenty of Juice. The Bears added 3 key offensive weapons (Swift, Allen, Odunze) to go with their new QB1 but also didn’t go “all the way in” this offseason (14th most cap space still entering camp). Any sign of life in 2024 could mean for a massive 2025 offseason however (projected $74M of cap space).

Cincinnati Bengals

Current 90-Man Roster Financials

Top 51 Space: $23.3M (13th)
Total Cap: $271M (21st)
Dead Cap: $6.5M (29th)

Notable Free Agent Adds

Sheldon Rankins (DT, 30): Left the Texans on a 2 year, $24.5M contract that includes $8M fully guaranteed. He projects to start on the DL.

Geno Stone (S, 25): Left the Ravens on a 2 year, $14M contract that includes $6M fully guaranteed. He projects to be the starting FS.

Zack Moss (RB, 26): Left the Colts on a 2 year, $8M contract that includes $3M fully guaranteed. He projects to be the starting RB1.

Trenton Brown (OT, 31): Left the Patriots on a 1 year, $4.75M contract with $2M guaranteed. He projects to be the starting RT.

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Notable Free Agent Losses

Chidobe Awuzie (CB, 29): Joins the Titans on a 3 year, $36M contract ($19M guaranteed).

Jonah Williams (OT, 26): Joins the Cardinals on a 2 year, $30M contract ($19M guaranteed).

D.J. Reader (DT, 30): Joins the Lions on a 2 year, $22M contract ($7.4M guaranteed).

Tyler Boyd (WR, 29): Joins the Titans on a 1 year, $2.4M contract ($1.2M guaranteed)

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Notable Extensions

Ted Karras (C, 31): Signed a 1 year, $6M extension that added $1.2M to his 2024 compensation package.

Notable Trades

Sent Joe Mixon (RB, 27) to the Texans for a 7th round pick.

Additional Thoughts

Tee Higgins signed his $21.8M franchise tag and is fully expected to play out 2024 on it before hitting the open market next March. This should mean a massive contract extension for Ja’Marr Chase is in the works (but not necessarily imminent). Cincy made a few calculated offseason additions, but for the most part - remained fairly conservative.

Cleveland Browns

Current 90-Man Roster Financials

Top 51 Space: $12.7M (20th)
Total Cap: $311M (1st)
Dead Cap: $15.7M (25th)

Notable Free Agent Adds

Za'Darius Smith (ED, 31): Rejoins Cleveland on a 2 year, $23M contract that includes $12M fully guaranteed through 2024. He projects to start on the edge.

Shelby Harris (DT, 32): Rejoins Cleveland on a 2 year, $9M contract that includes $4M guaranteed through 2024. He projects to start on the DL.

Jordan Hicks (LB, 32): Leaves the Vikings on a 2 year, $8M contract that includes $4.5M guaranteed through 2024. He projects as the starting middle linebacker.

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Notable Free Agent Losses

Jordan Elliott (DT, 26): Joins the 49ers on a 2 year, $7M contract ($2.3M guaranteed)

Sione Takitaki (LB, 29): Joins the Patriots on a 2 year, $6.6M contract ($2M guaranteed).

Joe Flacco (QB, 39): Joins the Colts on a 1 year, $4.5M contract (fully guaranteed).

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Notable Extensions

Jerry Jeudy (WR, 25): Signed a 3 year, $52.5M extension on top of a $13M 5th-year-option that includes $41M fully guaranteed through the 2026 season.

Dustin Hopkins (K, 33): Signed a 3 year, $15.9M extension including $8.3M guaranteed that keeps him under contract through 2027. He's now the 5th highest average paid kicker in football.

Notable Trades

Acquired Jerry Jeudy (WR, 25) from the Broncos for a 5th & 6th round pick. Jeudy would extend out to a 4 year $65M contract a week later.

Sent Leroy Watson (TE, 26) to the Titans for a 7th round pick.

Additional Thoughts

For the most part, the 2024 offseason was about retainment for this Browns organization. The addition of Jerry Jeudy to the receiving core offers depth for today, and a possible replacement for Amari Cooper, who enters 2024 on an expiring contract. Cleveland boasts a league-high $311M of cap allocated to their roster right now.

Dallas Cowboys

Current 90-Man Roster Financials

Top 51 Space: $10M (23rd)
Total Cap: $280M (10th)
Dead Cap: $21M (23rd)

Notable Free Agent Adds

Eric Kendricks (LB, 32): Left the Chargers on a 1 year, $3M contract that includes $2.5M guaranteed. He projects to be the starting middle linebacker.

Ezekiel Elliott (RB, 28): Left the Patriots on a 1 year, $2M contract with $1.6M guaranteed. He projects as the starting RB1.

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Notable Free Agent Losses

Dorance Armstrong (ED, 27): Joins the Commanders on a 3 year, $33M contract ($16.1M guaranteed).

Tyler Biadasz (C, 26): Joins the Commanders on a 3 year, $29.25M contract ($17.7M guaranteed).

Tony Pollard (RB, 27): Joins the Titans on a 3 year, $21M contract ($10.5M guaranteed).

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Notable Extensions

None.

Notable Trades

None.

Additional Thoughts

The Cowboys certainly lost more than they gained this offseason, but still may be good enough to post a playoff berth in 2024. That won’t help the situation surrounding expiring contracts for QB Dak Prescott, WR CeeDee Lamb, & G Zack Martin. Is it one last ride for this Cowboys collective as we know it?

Denver Broncos

Current 90-Man Roster Financials

Top 51 Space: $6.4M (27th)
Total Cap: $285M (7th)
Dead Cap: $67.6M (1st)

Notable Free Agent Adds

Brandon Jones (S, 26): Leaves the Dolphins on a 3 year, $20M contract that includes $11M fully guaranteed through 2025. He projects as the starting FS.

Josh Reynolds (WR, 29): Leaves the Lions on a 2 year, $9M contract that includes $4.2M fully guaranteed through 2024. He projects as a WR2 for the upcoming season.

Wil Lutz (K, 30): Rejoins Denver on a 2 year, $8.4M contract that includes $4.5M fully guaranteed. He’s the only rostered kicker.

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Notable Free Agent Losses

Lloyd Cushenberry (C, 26): Joins the Titans on a 4 year, $50M contract ($30M guaranteed).

Josey Jewell (LB, 29): Joins the Panthers on a 3 year, $18.75M contract ($10.1M guaranteed).

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Notable Extensions

John Franklin-Myers (ED, 27): Signed a 2 year, $15M renegotiated contract that includes $8M fully guaranteed.

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Notable Trades

Acquired Zach Wilson (QB, 24) from the Jets with a 7th round pick for a 6th round pick. The Jets agreed to retain $2.7M of Wilson’s 2024 salary, leaving Denver with a 1 year, $2.7M (guaranteed) contract.

Acquired John Franklin-Myers (DE, 27) from the Jets for a 6th round pick. Franklin-Myers signed a 2 year $15M renegotiation upon his arrival.

Sent Jerry Jeudy (WR, 25) to the Browns for a 5th & 6th round pick.

Additional Thoughts

Impossible to say anything about the Broncos’ offseason without referencing the Post 6/1 release of QB Russell Wilson. The move leaves behind $53M of dead cap in 2024, which is the 3rd largest cap hit in any capacity right now for the upcoming season (Watson, $63M, Prescott, $55M). Denver ripped off a lot of band-aids this spring, but still show signs of life on paper - for now.

Detroit Lions

Current 90-Man Roster Financials

Top 51 Space: $38.4M (2nd)
Total Cap: $251M (32nd)
Dead Cap: $25.2M (16th)

Notable Free Agent Adds

D.J. Reader (DT, 30): Leaves the Bengals on a 2 year, $22M contract that includes $7.4M fully guaranteed through 2024. He projects to start on the DL.

Amik Robertson (CB, 26): Leaves the Raiders on a 2 year, $9.25M contract that includes $4.5M through 2024. He projects to slot in as their nickel corner.

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Notable Free Agent Losses

Jonah Jackson (G, 27): Joins the Rams on a 3 year, $51M contract ($34M guaranteed).

Chauncey Gardner-Johnson (S, 26): Joins the Eagles on a 3 year, $27M contract ($10M guaranteed).

Josh Reynolds (WR, 29): Joins the Broncos on a 2 year, $9M contract ($4.2M guaranteed).

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Notable Extensions

Jared Goff (QB, 29): Tacked on 4 years, $212M to a 1 year, $27.3M remaining contract, including $114M fully guaranteed at signing. He’s now set to earn $193M over the next 4 seasons for practical purposes.

Amon-Ra St. Brown (WR, 24): Tacked on 4 years, $120M to a 1 year, $3.3M remaining contract that includes over $87M for practical purposes through 2027.

Penei Sewell (OT, 23): Tacked on 4 years, $112M to a 2 year, $23M remaining contract. Sewell is now guaranteed $85M over the next 4 seasons.

Graham Glasgow (G, 31): Signed a 3 year, $20M extension prior to free agency that includes $8M fully guaranteed through 2024.

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Notable Trades

Acquired Carlton Davis (CB, 27) from the Buccaneers with two 6th round picks for a 3rd round pick. Davis signed a 1 year, $14.5M restructured contract that includes $12.7M guaranteed through 2024.

Additional Thoughts

Despite four major contract extensions hitting the books this spring, the Lions enter camp with the 2nd most Top 51 cap space in the league, and the least amount of total cap allocations. They’ve constructed themselves to make a multi-year contention run, and are set up to be aggressive next March should the roster require it.

Green Bay Packers

Current 90-Man Roster Financials

Top 51 Space: $26.8M (7th)
Total Cap: $272M (20th)
Dead Cap: $50.1M (7th)

Notable Free Agent Adds

Xavier McKinney (S, 24): Leaves the Giants on a 4 year, $67M contract that includes $23M fully guaranteed through 2024. He projects as the starting FS.

Josh Jacobs (RB, 26): Leaves the Raiders on a 4 year, $48M contract that includes $12.5M fully guaranteed through 2024. He projects as the starting RB1.

Keisean Nixon (CB, 27): Rejoins the Packers on a 3 year, $18M contract that includes $6.5M fully guaranteed through 2024. He projects to serve as the nickel corner.

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Notable Free Agent Losses

Jon Runyan (G, 26): Joins the Giants on a 3 year, $30M contract ($17M guaranteed).

Darnell Savage (S, 26): Joins the Jaguars on a 3 year, $21.75M contract ($12.5M guaranteed).

Aaron Jones (RB, 29): Joins the Vikings on a 1 year, $7M fully guaranteed contract.

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Notable Extensions

None.

Notable Trades

None.

Additional Thoughts

An organization that almost never focuses on free agency almost exclusively focused on free agency this offseason. The Packers smell blood in the water both divisionally and across the NFC, and added impact players with hopes of pushing into serious contention. Look for some of that ample cap space ($27M) to be utilized in a massive extension for QB Jordan Love in the coming weeks.

Houston Texans

Current 90-Man Roster Financials

Top 51 Space: $16.8M (16th)
Total Cap: $277M (15th)
Dead Cap: $23.8M (19th)

Notable Free Agent Adds

Danielle Hunter (ED, 29): Leaves the Vikings on a 2 year, $49M contract that includes $48M fully guaranteed. He projects to start on the edge.

Azeez Al-Shaair (LB, 26): Leaves the Titans on a 3 year, $34M contract that includes $21.5M fully guaranteed through 2025. He projects to start at middle linebacker.

Denico Autry (DL, 33): Leaves the Titans on a 2 year, $20M contract that includes $10.5M guaranteed through 2024. He projects to start on the DL.

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Notable Free Agent Losses

Jonathan Greenard (ED, 27): Joins the Vikings on a 4 year, $76M contract ($38M guaranteed).

Sheldon Rankins (DT, 30): Joins the Bengals on a 2 year, $24.5M contract ($8M guaranteed).

Blake Cashman (LB, 28): Joins the Bengals on a 3 year, $22.5M contract ($9.5M guaranteed).

Devin Singletary (RB, 26): Joins the Giants on a 3 year, $16.5M contract ($9.5M guaranteed).

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Notable Extensions

Nico Collins (WR, 25): Tacked on 3 years, $72.75M to a 1 year, $3.1M remaining contract, including $54M for practical purposes through 2026.

Dalton Schultz (TE, 28): Signed a 3 year, $36M extension prior to free agency that includes $23.5M guaranteed through 2025.

Joe Mixon (RB, 27): Turned a 1 year, $5.75M remaining contract into 3 years, $25.5M upon his acquisition, including $16M guaranteed through 2025.

Ka'imi Fairbairn (K, 30): Signed a 3 year, $15.9M extension prior to free agency that includes $11M guaranteed through 2025.

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Notable Trades

Acquired Ben Skowronek (WR, 27) from the Rams with a 7th round pick for a 6th round pick.

Acquired Joe Mixon (RB, 27) from the Bengals for a 7th round pick.

Acquired Stefon Diggs (WR, 30) from the Bills with a 5th round pick, for a 2nd round pick.

Sent Maliek Collins (DT, 29) to the 49ers for a 7th round pick.

Additional Thoughts

Aggressive. Realizing your 2nd-year QB may be a generational talent can make a front office do crazy things, and the Texans took the guardrails off this offseason in hopes of building an immediate AFC contender. Acquiring 3 offensive weapons via trade, and bolstering the defensive line with major free agent contracts is a pretty great start. Houston will need to get creative next offseason from a cap perspective, as they currently boast 10 cap hits north of $10M in 2025.

Indianapolis Colts

Current 90-Man Roster Financials

Top 51 Space: $24.5M (11th)
Total Cap: $269M (25th)
Dead Cap: $8.4M (28th)

Notable Free Agent Adds

Grover Stewart (DT, 30): Rejoins the Colts on a 3 year, $39M contract that includes $18M fully guaranteed. He projects to start on the DL.

Kenny Moore (CB, 28): Rejoins the Colts on a 3 year, $30M contract that includes $16M guaranteed through 2025. He projects to serve as the nickel corner.

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Notable Free Agent Losses

Gardner Minshew (QB, 28): Joins the Raiders on a 2 year, $25M contract ($15M guaranteed).

Zack Moss (RB, 26): Joins the Bengals on a 2 year, $8M contract ($3M guaranteed).

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Notable Extensions

Michael Pittman Jr. (WR, 26): Replaces a $21.8M tag with a 3 year, $70M contract that includes $41M fully guaranteed.

DeForest Buckner (DT, 30): Tacks on 2 years, $46M to a 1 year, $12.3M remaining contract that includes $53.25M total for practical purposes.

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Notable Trades

None.

Additional Thoughts

Feels more like a do-over than an add-on year for the Colts, who most certainly are looking to see a full season out of QB Anthony Richardson before making too many offseason splashes. Locking in their WR1 (with value) & retaining their defensive line certainly helps their cause for the upcoming season. Indy holds 9 cap hits north of $10M in 2025 right now, so there’s work to be done.

Jacksonville Jaguars

Current 90-Man Roster Financials

Top 51 Space: $25M (9th)
Total Cap: $277M (14th)
Dead Cap: $24.5M (17th)

Notable Free Agent Adds

Arik Armstead (DL, 30): Leaves the 49ers on a 3 year, $43.5M contract that includes $28M guaranteed through 2025. He projects to start on the DL.

Gabriel Davis (WR, 25): Leaves the Bills on a 3 year, $39M contract that includes $24M guaranteed through 2025. He projects as the WR2.

Darnell Savage (DB, 26): Leaves the Packers on a 3 year, $21.75M contract that includes $12.5M guaranteed through 2024. He projects to serve as the nickel corner.

Mitch Morse (C, 32): Leaves the Bills on a 2 year, $10.5M contract that includes $7M guaranteed through 2024. He projects as the starting center.

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Notable Free Agent Losses

Calvin Ridley (WR, 29): Joins the Titans on a 4 year, $92M contract ($50M guaranteed).

Darious Williams (CB, 31): Joins the Rams on a 3 year, $22.5M contract ($7M guaranteed)

Rayshawn Jenkins (S, 30): Joins the Seahawks on a 2 year, $12M contract ($6.2M guaranteed)

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Notable Extensions

Trevor Lawrence (QB, 24): Tacks on 5 years, $275M to 2 years, $31.2M remaining, including $142M fully guaranteed at signing, and $202M practical through 2028.

Joshua Hines-Allen (ED, 27): Signed a 5 year, $141.25M contract to replace a $24M franchise tag, including $91M practically speaking through 2026.

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Notable Trades

Acquired Mac Jones (QB, 25) from the Patriots for a 6th round pick.

Additional Thoughts

QB & EDGE rusher under contract long-term, O-Line & D-Line bolstered via free agency, ample cap space to maneuver midseason or rollover into 2025. This is a team on the cusp of contention, if they’ve made the correct choices. Watch for a late summer extension for offensive weapon Travis Etienne.

Kansas City Chiefs

Current 90-Man Roster Financials

Top 51 Space: $13M (19th)
Total Cap: $270M (22nd)
Dead Cap: $6M (31st)

Notable Free Agent Adds

Michael Danna (DL, 26): Rejoins the Chiefs on a 3 year, $24M contract that includes $13M guaranteed through 2025. He projects to start on the DL.

Marquise Brown (WR, 27): Leaves the Cardinals on a 1 year, $7M contract that includes $6.5M guaranteed. He projects as the WR2 for 2024.

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Notable Free Agent Losses

Nick Allegretti (G, 28): Joins the Commanders on a 3 year, $16M contract ($9M guaranteed).

Tommy Townsend (P, 27): Joins the Texans on a 2 year, $6M contract ($2M guaranteed).

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Notable Extensions

Chris Jones (DL, 29): Signed a 5 year, $158.75M extension prior to free agency, including $95M practically guaranteed through 2026.

Travis Kelce (TE, 34): Signed a 2 year $34.25M restructured contract that increased his 2024 compensation from $13M to $17M.

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Notable Trades

Sent L'Jarius Sneed (CB, 27) to the Titans with a 7th round pick for a 3rd & 7th round pick.

Additional Thoughts

A sizable cap-conversion on QB Patrick Mahomes’ 2024 salary opened up enough room to retain two important DL pieces (Chris Jones, Michael Danna), but the loss of Sneed in the secondary will be something to monitor this fall. Jones & Mahomes account for $101M of 2025 salary cap right now.

Las Vegas Raiders

Current 90-Man Roster Financials

Top 51 Space: $34M (4th)
Total Cap: $260M (30th)
Dead Cap: $29M (14th)

Notable Free Agent Adds

Christian Wilkins (DT, 28): Leaves the Dolphins on a 4 year, $110M contract that includes $84.25M through 2026 for practical purposes. He projects to start on the DL.

Gardner Minshew (QB, 28): Leaves the Colts on a 2 year, $25M contract that includes $15M guaranteed through 2025. He’s competing for the QB1 role this summer.

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Notable Free Agent Losses

Josh Jacobs (RB, 26): Joins the Packers on a 4 year, $48M contract ($12.5M guaranteed)

Bilal Nichols (DL, 27): Joins the Cardinals on a 3 year, $21M contract ($14M guaranteed).

Jermaine Eluemunor (OT, 29): Joins the Giants on a 2 year, $14M contract ($6.75M guaranteed).

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Notable Extensions

Andre James (C, 26): Signed a 3 year, $24M contract prior to free agency that includes $16.8M practically speaking through 2025.

Notable Trades

None.

Additional Thoughts

Bringing in Gardner Minshew to compete for Aidan O'Connell for the QB1 role is certainly one way to go, but there are already murmurs from some of the veteran players on this squad (Maxx Crosby, Davante Adams) that turnover could be coming soon. Adding Wilkins to the D-Line will help, but this roster doesn’t seem complete enough to be consistently successful. This could be very active trade deadline team.

Los Angeles Chargers

Current 90-Man Roster Financials

Top 51 Space: $20M (15th)
Total Cap: $275M (19th)
Dead Cap: $54M (5th)

Notable Free Agent Adds

Will Dissly (TE, 28): Leaves the Seahawks on a 3 year, $14M contract that includes $10M guaranteed through 2025. He projects to serve as the TE1.

Gus Edwards (RB, 29): Leaves the Ravens on a 2 year, $6.5M contract that includes $3.3M guaranteed through 2024.He projects to serve as the RB1.

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Notable Free Agent Losses

Kenneth Murray (LB, 25): Joins the Titans on a 2 year, $15.5M contract ($7.5M guaranteed).

Gerald Everett (TE, 30): Joins the Bears on a 2 year, $12M contract ($6M guaranteed).

Mike Williams (WR, 29): Joins the Jets on a 1 year, $10M contract ($8.3M guaranteed).

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Notable Extensions

None.

Notable Trades

Sent Keenan Allen (WR, 32) to the Bears for a 4th round pick.

Additional Thoughts

The Chargers enter into a new regime with a lot of new offensively (Ekeler, Allen, Williams, Everett out), and not as much new defensively as we expected (Bosa, Mack return on pay cuts). This is a middle of the road team financially speaking, but it seems like the pendulum could swing either way after 2024. If the wheels fall off, look for a significant purge next March.

Los Angeles Rams

Current 90-Man Roster Financials

Top 51 Space: $9.2M (24th)
Total Cap: $280M (11th)
Dead Cap: $4.1M (32nd)

Notable Free Agent Adds

Jonah Jackson (G, 27): Leaves the Lions on a 3 year, $51M contract that includes $34M guaranteed through 2025. He projects to serve as the LG.

Colby Parkinson (TE, 25): Leaves the Seahawks on a 3 year, $22.5M contract that includes $15.5M practically guaranteed through 2025. He projects to serve as the TE2.

Darious Williams (CB, 31): Leaves the Jaguars on a 3 year, $22.5M contract that includes ($7M guaranteed through 2024). He projects to start at RCB.

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Notable Free Agent Losses

Coleman Shelton (G, 28): Joins the Bears on a 1 year, $3M contract ($1.75M guaranteed).

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Notable Extensions

Kevin Dotson (G, 27): Signed a 3 year, $48M contract ahead of free agency that includes $11.25M guaranteed through 2024.

Demarcus Robinson (WR, 29): Signed a 1 year, $4M contract ahead of free agency that includes $1.5M guaranteed.

Notable Trades

Sent Ben Skowronek (WR, 27) to the Texans with a 7th round pick for a 6th round pick.

Additional Thoughts

The Rams are a team sitting on the fringe, ready to pounce when the opportunity arises. They prioritized edge defense at the top of their draft, fortified the interior of their offensive line in free agency, and added a few depth weapons for QB Matthew Stafford, who could be in line for a renegotiated extension of his own this summer.

Miami Dolphins

Current 90-Man Roster Financials

Top 51 Space: $15M (18th)
Total Cap: $275M (18th)
Dead Cap: $29M (13nd)

Notable Free Agent Adds

Jordyn Brooks (LB, 26): Leaves the Seahawks on a 3 year, $26.25M contract that includes $9.5M guaranteed through 2024. He’s competing for a starting middle linebacker role.

Kendall Fuller (CB, 29): Leaves the Commanders on a 2 year, $15M contract that includes $8M guaranteed through 2024. He projects to start at LCB.

Odell Beckham, Jr. (WR, 31): Leaves the Ravens on a 1 year, $3M contract (fully guaranteed) and should slot into the WR3 role.

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Notable Free Agent Losses

Christian Wilkins (DT, 28): Joins the Raiders on a 4 year, $110M contract ($82.75M guaranteed).

Robert Hunt (G, 27): Joins the Panthers on a 5 year, $100M contract ($63M guaranteed).

Brandon Jones (S, 26): Joins the Broncos on a 3 year, $20M contract ($11M guaranteed).

Andrew Van Ginkel (ED, 29): Joins the Vikings on a 2 year, $20M contract ($10M guaranteed).

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Notable Extensions

Jaylen Waddle (WR, 25): Tacked on 3 years, $84.75M to a 2 year $20M remaining contract, including $77M practically guaranteed through 2027.

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Notable Trades

None.

Additional Thoughts

There’s no question that on paper, the Dolphins lost more than they gained this offseason. But a deep roster can afford to take on subtractions for the greater good of the business when needed. So far that business has led to a sizable extension for WR1B Jaylen Waddle. Will it come to full fruition with an extension for QB Tua Tagovailoa this summer as well? If not, the Dolphins will be in the franchise tag business next February.

Minnesota Vikings

Current 90-Man Roster Financials

Top 51 Space: $26M (8th)
Total Cap: $265M (28th)
Dead Cap: $57M (3rd)

Notable Free Agent Adds

Jonathan Greenard (DE, 27): Leaves the Texans on a 4 year, $76M contract that includes $38M guaranteed through 2025.He projects to start on the DL.

Blake Cashman (LB, 28): Leaves the Texans on a 3 year, $22.5M contract that includes $9.4M guaranteed through 2024. He projects to start at middle linebacker.

Andrew Van Ginkel (ED, 29): Leaves the Dolphins on a 2 year, $20M contract that includes $10M guaranteed. He projects to start as an edge.

Sam Darnold (QB, 27): Leaves the 49ers on a 1 year, $10M contract with $8.75M guaranteed. He’s competing for the QB 1 role this summer.

Aaron Jones (RB, 29): Leaves the Packers on a 1 year, $7M, fully guaranteed contract. He projects to serve as RB1.

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Notable Free Agent Losses

Kirk Cousins (QB, 35): Joins the Falcons on a 4 year, $180M contract ($100M guaranteed).

Danielle Hunter (DE, 29): Joins the Texans on a 2 year, $49M contract ($48M guaranteed).

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Notable Extensions

Justin Jefferson (WR, 25): Tacked on 4 years, $140M to a 1 year, $19.7M remaining contract, including $88M fully guaranteed at signing, $125M+ practically guaranteed through 2027.

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Notable Trades

None.

Additional Thoughts

Minnesota had a plan to get younger in every facet of their roster this offseason. Has it torpedoed their ability to contend in the NFC North? Vegas certainly thinks so (+1000 to win the division, +300 to make the playoffs). With that said, three notable defensive additions (Greenard, Cashman, Van Ginkel) plus multi-year guarantees for Jefferson, Addison, & Hockenson seem to be a strong framework to quickly rebuild from. Look for a big-boy extension for OT Christian Darrisaw this summer.

New England Patriots

Current 90-Man Roster Financials

Top 51 Space: $41M (1st)
Total Cap: $258M (31st)
Dead Cap: $21M (22nd)

Notable Free Agent Adds

Mike Onwenu (OL, 26): Rejoins the Patriots on a 3 year, $57M contract that includes $36.5M guaranteed through 2025. He projects to start at RT.

Kendrick Bourne (WR, 28): Rejoins the Patriots on a 3 year, $19.5M contract that includes $5.5M guaranteed through 2024. He projects as the WR1 for 2024.

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Notable Free Agent Losses

Mack Wilson (LB, 26): Joins the Cardinals on a 3 year, $12.75M contract ($6.4M guaranteed).

Trenton Brown (OT, 31): Joins the Bengals on a 1 year, $4.75M contract ($2M guaranteed).

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Notable Extensions

Christian Barmore (DT, 24): Tacked on 4 years, $83M to a 1 year $1.8M remaining contract, including $31M fully guaranteed through 2025.

Kyle Dugger (S, 28): Signed a 4 year, $58M contract to replace a $13.8M transition tag, including $32M guaranteed through 2025.

Rhamondre Stevenson (RB, 26): Tacked on 4 years, $36M to a 1 year $3.1M remaining contract, including $17.1M guaranteed through 2026.

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Notable Trades

Sent Mac Jones (QB, 25) to the Jaguars for a 6th round pick.

Additional Thoughts

A new era is ushered in with - extensions. New England’s two biggest free agent deals went to players they ended up retaining (Onwenu/Bourne), and the Patriots handed out $200M total to new contracts for Barmore, Dugger, & Stevenson this spring. Obviously there’s a core here that the front office is pleased with. Will a swap from Mac Jones to Drake Maye be the big flip that this organization needs to get back on track? The Pats enter camp with the most Top 51 cap space ($41M) in football, while also holding a league-high $102M of projected cap space in 2025.

New Orleans Saints

Current 90-Man Roster Financials

Top 51 Space: $11.2M (21st)
Total Cap: $280M (12th)
Dead Cap: $41M (10th)

Notable Free Agent Adds

Chase Young (ED, 25): Leaves the 49ers on a 1 year, $13M contract, including $12.5M guaranteed. He’ll compete for a starting edge role.

Willie Gay Jr. (LB, 26): Leaves the Saints on a 1 year, $3M (fully guaranteed contract). He projects to start at middle linebacker.

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Notable Free Agent Losses

Malcolm Roach (DE, 26): Joins the Broncos on a 2 year, $7M contract ($3M guaranteed).

Andrus Peat (G, 30): Joins the Raiders on a 1 year, $2M contract ($450k guaranteed).

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Notable Extensions

Demario Davis (LB, 35): Signed a 2 year, $17.25M restructured contract that reduced his 2024 compensation from $12M to $9M.

Tyrann Mathieu (S, 32): Signed a 2 year, $13.75M restructured contract that reduced his 2024 compensation from $9M to $6.5M.

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Notable Trades

None.

Additional Thoughts

The Saints are operating like a team that is stuck somewhere in the middle right now. They did their usual amount of cap-conversion/renegotiation work to stabilize financially, but only dabbled into the player addition market this offseason. This feels like an organization just trying to survive (ride out) its current QB contract right now.

New York Giants

Current 90-Man Roster Financials

Top 51 Space: $10M (22nd)
Total Cap: $284M (8th)
Dead Cap: $21M (21st)

Notable Free Agent Adds

Jon Runyan (G, 26): Leaves the Packers on a 3 year, $30M contract that includes $17M guaranteed through 2025. He projects to start at RG.

Devin Singletary (RB, 26): Leaves the Texans on a 3 year, $16.5M contract that includes $9.5M guaranteed through 2025. He projects as the RB1.

Jermaine Eluemunor (OL, 29): Leaves the Raiders on a 2 year, $14M contract that includes $6.75M guaranteed through 2024. He projects to start at LG.

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Notable Free Agent Losses

Xavier McKinney (S, 24): Joins the Packers on a 4 year, $67M contract ($23M guaranteed).

Saquon Barkley (RB, 27): Joins the Eagles on a 3 year, $37.75M contract ($26M guaranteed).

A'Shawn Robinson (DE, 29): Joins the Panthers on a 3 year, $22.5M contract ($10.3M guaranteed).

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Notable Extensions

Brian Burns (ED, 26): Replaced a $24M franchise tag with a 5 year, $141M contract that includes $76M guaranteed at signing and $90M practically speaking through 2026.

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Notable Trades

Acquired Brian Burns (DE, 26) from the Panthers with a 5th round pick in exchange for a 2nd & two 5th round picks.

Additional Thoughts

The Giants saw significant players leave on massive deals this offseason, but did an adequate job of replacing the majority of their holes (at least on paper). Adding Brian Burns to the mix defensively, and Malik Nabers to the arsenal offensively could be major shots in the arm for a team that lost its way last season. QB Daniel Jones has a clear out in his contract after 2024 if the wheels fall off again.

New York Jets

Current 90-Man Roster Financials

Top 51 Space: $6M (29th)
Total Cap: $285M (6th)
Dead Cap: $52M (6th)

Notable Free Agent Adds

Tyrod Taylor (QB, 34): Leaves the Giants on a 2 year, $12M contract that includes $8.5M guaranteed. He’ll serve as the QB2.

John Simpson (G, 26): Leaves the Ravens on a 2 year, $12M contract that includes $6M guaranteed through 2024. He projects to start at LG.

Mike Williams (WR, 29): Leaves the Chargers on a 1 year, $10M contract that includes $8.3M guaranteed. He projects to fill in the WR2 role.

Tyron Smith (OT, 33): Leaves the Cowboys on a 1 year, $6.5M, fully guaranteed contract and projects to start at LT.

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Notable Free Agent Losses

Bryce Huff (ED, 26): Joins the Eagles on a 3 year, $51.1M contract ($34M guaranteed).

Jordan Whitehead (S, 27): Joins the Buccaneers on a 2 year, $9M contract ($4.5M guaranteed).

Quinton Jefferson (DT, 31): Joins the Browns on a 1 year, $4M contract ($3.6M guaranteed).

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Notable Extensions

None.

Notable Trades

Sent John Franklin-Myers (DE, 27) to the Broncos in exchange for a 6th round pick.

Sent Zach Wilson (QB, 24) to the Broncos with a 7th round pick in exchange for a 6th round pick.

Acquired Haason Reddick (ED, 29) from the Eagles for a conditional 3rd round pick. Reddick brings a 1 year, $14.5M contract to NY (begrudgingly).

Acquired Morgan Moses (OT, 33) with a 4th round pick from the Ravens in exchange for a 4th & 6th round pick. Moses brings a 1 year $5.5M contract with him to NY.

Additional Thoughts

The Jets continued their push to bolster the offensive line this offseason both in free agency (Tyron Smith, John Simpson) and at the top of their draft (Olu Fashanu). They then focused in on adding additional air weapons in free agency (Mike Williams) & the top of the draft (Malachi Corley). Tell us you’re going all-in to keep Aaron Rodgers happy & healthy without telling us. This is a Top 5 financially allocated roster right now that could turn a few heads in 2024 if things bounce the right way.

Philadelphia Eagles

Current 90-Man Roster Financials

Top 51 Space: $24.6M (10th)
Total Cap: $269M (26th)
Dead Cap: $50M (8th)

Notable Free Agent Adds

Bryce Huff (ED, 26): Leaves the Jets on a 3 year, $51.1M contract including $34M guaranteed through 2025. He projects to start on the edge.

Saquon Barkley (RB, 27): Leaves the Giants on a 3 year, $37.75M contract including $26M guaranteed through 2025. He projects to serve as RB1.

Chauncey Gardner-Johnson (S, 26): Leaves the Lions on a 3 year, $27M contract that includes 

$10M guaranteed through 2025. He projects to start at SS.

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Notable Free Agent Losses

D'Andre Swift (RB, 25): Joins the Bears on a 3 year, $24M contract ($15.3M guaranteed).

Kevin Byard (S, 30): Joins the Bears on a 2 year, $15M contract ($7.4M guaranteed)

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Notable Extensions

A.J. Brown (WR, 27): Tacked on 3 years, $96M to a 2 year, $47M remaining contract, including $84M practically guaranteed through 2026.

Landon Dickerson (G, 25): Tacked on 4 years, $84M to a 1 year, $4.9M remaining contract, including $50M practically guaranteed through 2026.

DeVonta Smith (WR, 25): Tacked on 3 years, $75M to a 2 year, $19M remaining contract, including $51M practically guaranteed through 2026.

Jordan Mailata (OT, 27): Tacked on 3 years, $66M to a 2 years, $31M remaining contract, including $70M practically guaranteed through 2026.

Jake Elliott (K, 29): Tacked on 4 years, $24M to a 1 year, $3.7M remaining contract, including $9.7M guaranteed through 2025.

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Notable Trades

Sent Haason Reddick (ED, 29) to the Jets in exchange for a conditional 3rd round pick.

Acquired Kenny Pickett (QB, 26) from the Steelers with a 4th round pick in exchange for a 3rd, 7th, & 7th round pick.

Additional Thoughts

Retirements from Jason Kelce & Fletcher Cox forced the Eagles to turn over a few younger leaves for the upcoming season. Additions of Bryce Hugg & Chauncey Gardner-Johnson certainly help defensively in that regard, but a decision to bring in an older (more expensive) Saquon Barkley over a departing D’Andre Swift could prove to be controversial. With that said, Philly handed out 5 notable extensions this offseason (a product of their aggressive bonus/cap structures), furthering their plan to be an NFC contender for the foreseeable future.

Pittsburgh Steelers

Current 90-Man Roster Financials

Top 51 Space: $16M (17th)
Total Cap: $275M (15th)
Dead Cap: $24M (18th)

Notable Free Agent Adds

Patrick Queen (LB, 24): Leaves the Ravens on a 3 year, $41M contract that includes $13.8M guaranteed through 2024. He’ll center the Pittsburgh D in 2024.

Cameron Johnston (P, 32): Leaves the Texans on a 3 year, $9M contract including $2.8M guaranteed through 2024. He’s the only rostered punter.

Deshon Elliott (S, 27): Leaves the Dolphins on a 2 year, $6M contract that includes $1.5M guaranteed. He projects to be the starting SS.

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Notable Free Agent Losses

Mitchell Trubisky (QB, 29): Joins the Bills on a 2 year, $5.25M contract ($2.7M guaranteed).

Chukwuma Okorafor (T, 26): Joins the Patriots on a 1 year, $4M contract ($3.1M guaranteed).

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Notable Extensions

None.

Notable Trades

Acquired Justin Fields (QB, 25) from the Bears in exchange for a conditional 6th round pick. Fields brings a 1 year, $3.2M contract with him to Pittsburgh.

Sent Kenny Pickett (QB, 26) to the Eagles with a 4th round pick in exchange for a 3rd round pick & two 7th round picks.

Acquired Donte Jackson (CB, 28) from the Panthers with a 6th round pick in exchange for Diontae Johnson (WR, 28) & a 7th round pick. Jackson signed a 1 year, $6M restructured contract ($4.75M guaranteed) upon his arrival.

Additional Thoughts

Pittsburgh didn’t just replace Kenny Pickett this spring, they replaced him with a future Hall of Famer AND a former first rounder at the same time. Everything about this roster from a financial standpoint screams middle of the road. Will their place in the standings echo that?

San Francisco 49ers

Current 90-Man Roster Financials

Top 51 Space: $30M (6th)
Total Cap: $301M (2nd)
Dead Cap: $19M (24th)

Notable Free Agent Adds

Leonard Floyd (ED, 31): Leaves the Bills on a 2 year, $20M contract that includes $12M guaranteed through 2024. He projects to start on the edge in 2024.

Yetur Gross-Matos (ED, 26): Leaves the Panthers on a 2 year, $18M contract that includes $12.4M guaranteed through 2024. He’ll compete for a starting edge spot this summer.

Jordan Elliott (DT, 26): Leaves the Browns on a 2 year, $7M contract that includes $2.3M guaranteed through 2024. He’ll compete for a spot on the D-Line.

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Notable Free Agent Losses

Arik Armstead (DE, 30): Joins the Jaguars on a 3 year, $43.5M contract ($28M guaranteed).

Chase Young (DE, 25): Joins the Saints on a 1 year, $13M contract ($12.5M guaranteed).

Charlie Woerner (TE, 26): Joins the Falcons on a 3 year, $12M contract ($6.5M guaranteed).

Sam Darnold (QB, 27): Joins the Vikings on a 1 year, $10M contract ($8.75M guaranteed).

Javon Kinlaw (DT, 26): Joins the Jets on a 1 year, $7.25M contract ($6.9M guaranteed).

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Notable Extensions

Christian McCaffrey (RB, 27): Tacked on 2 years, $38M to a 2 year, $24M remaining contract, including $24M fully guaranteed through 2025.

Jauan Jennings (WR, 27): Signed a 2 year, $15.4M extension prior to free agency, including $8.4M fully guaranteed.

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Notable Trades

Acquired Maliek Collins (DT, 29) from the Texans in exchange for a 7th round pick. Collins brings a 2 year, $18.5M contract ($8M guaranteed) with him to San Francisco.

Additional Thoughts

San Francisco utilizing a revolving door approach with much of their defensive line this offseason, opting for better business outcomes in almost every regard. Sweetening Christian McCaffrey’s pot certainly seemed a worthy move, but much of the attention this summer will turn to the WR room, where both Deebo Samuel and Brandon Aiyuk have been rumored in trades, while top draft pick Ricky Pearsall will be looking to make an immediate impact in Year 1. Oh, and of course there’s that looming Brock Purdy extension discussion coming this December…

Seattle Seahawks

Current 90-Man Roster Financials

Top 51 Space: $24k (32nd)
Total Cap: $291M (3rd)
Dead Cap: $36M (12th)

Notable Free Agent Adds

Leonard Williams (DE, 30): Rejoins the Seahawks on a 3 year, $64.5M contract including $27M guaranteed through 2024. He’ll start on the D-Line again in 2024.

Noah Fant (TE, 26): Rejoins the Seahawks on a 2 year, $21M contract that includes $11.5M guaranteed through 2024. He projects to serve as the TE1 in 2024.

Rayshawn Jenkins (S, 30): Leaves the Jaguars on a 2 year, $12M contract that includes $6.2M guaranteed. He projects to start at FS.

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Notable Free Agent Losses

Damien Lewis (G, 27): Joins the Panthers on a 4 year, $53M contract ($26.2M guaranteed).

Jordyn Brooks (LB, 26): Joins the Dolphins on a 3 year, $26.25M contract ($9.5M guaranteed).

Colby Parkinson (TE, 25): Joins the Rams on a 3 year, $22.5M contract ($10.2M guaranteed).

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Notable Extensions

None.

Notable Trades

Acquired Sam Howell (QB, 23), a 4th round pick & a 6th round pick from the Commanders in exchange for a 3rd & 5th round pick. Howell brings a 2 year, $2M (non-guaranteed) contract with him to Seattle.

Additional Thoughts

The Seahawks had a chance to rip the band-aid off completely this past winter, but chose to run most of their roster back for 2024. This is still a talented roster on paper, but they could be eyeing the same near .500 outlook they finished with in 2023. Most of their major contracts (Geno Smith, DK Metcalf, Tyler Lockett, Dre’Mont Jones, Julian Love) hold clear cut outs after 2024 should the wheels fall off completely.

Tampa Bay Buccaneers

Current 90-Man Roster Financials

Top 51 Space: $8.5M (25th)
Total Cap: $276M (16th)
Dead Cap: $55M (4th)

Notable Free Agent Adds

Jordan Whitehead (S, 27): Leaves the Jets on a 2 year, $9M contract that includes $4.5M guaranteed through 2024. He projects to start at SS.

Lavonte David (LB, 34): Rejoins the Buccaneers on a 1 year, $8.5M contract, fully guaranteed. He’ll center Tampa’s defense once again.

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Notable Free Agent Losses

Shaquil Barrett (ED, 31): Joins the Dolphins on a 1 year, $7M contract ($6.75M guaranteed).

Devin White (LB, 26): Joins the Eagles on a 1 year, $4M contract ($3.5M guaranteed).

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Notable Extensions

Baker Mayfield (QB, 28): Signed a 3 year, $100M extension prior to free agency, including $40M fully guaranteed through 2024.

Antoine Winfield Jr. (S, 25): Replaced a $17.1M franchise tag with a 4 year, $84.1M extension that includes $45M fully guaranteed through 2025.

Mike Evans (WR, 30): Signed a 2 year, $41M contract prior to free agency that includes $29M fully guaranteed at signing.

Notable Trades

Sent Carlton Davis (CB, 27) to the Lions with two 6th round picks in exchange for a 3rd round pick.

Additional Thoughts

Tampa ran it all the way back this offseason, locking in Baker Mayfield, Mike Evans, Antoine Winfield, Lavonte David, and even bringing back old friend Jordan Whitehead to round out the spring. It’s a winnable division if a few young pieces develop quickly, and Mayfield continues his veteran growth spurt, but this is also a team carrying $55M of dead cap (4th) after a 2023 season where they carried over $81M. Rebuilding on the fly in this regard comes with its challenges, but the NFC South might be weak enough to make this approach doable.

Tennessee Titans

Current 90-Man Roster Financials

Top 51 Space: $23M (12th)
Total Cap: $269M (27th)
Dead Cap: $39M (11th)

Notable Free Agent Adds

Calvin Ridley (WR, 29): Leaves the Jaguars on a 4 year, $92M contract that includes $50M practically guaranteed through 2025. He’ll slot into a top WR role alongside DeAndre Hopkins.

Lloyd Cushenberry (C, 26): Leaves the Broncos on a 4 year, $50M contract that includes $30M practically guaranteed through 2025. He projects as the starting center in 2024.

Chidobe Awuzie (CB, 29): Leaves the Bengals on a 3 year, $36M contract that includes $23M practically guaranteed through 2025.

Tony Pollard (RB, 27): Leaves the Cowboys on a 3 year, $21M contract that includes $10.5M guaranteed through 2025. He’ll compete for the RB1 role this summer.

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Notable Free Agent Losses

Azeez Al-Shaair (LB, 26): Joins the Texans on a 3 year, $34M contract ($21.5M guaranteed).

Sean Bunting (CB, 27): Joins the Cardinals on a 3 year, $25.5M contract ($14M guaranteed).

Aaron Brewer (C, 26): Joins the Dolphins on a 3 year, $21M contract ($10.2M guaranteed).

Derrick Henry (RB, 30): Joins the Ravens on a 2 year, $16M contract ($9M guaranteed).

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Notable Extensions

L'Jarius Sneed (CB, 27): Signed a 4 year, $76.4M contract to replace a $19.8M franchise tag that includes $44M fully guaranteed through 2025.

Morgan Cox (LS, 37): Returns on a 1 year veteran minimum contract.

Notable Trades

Acquired Leroy Watson (TE, 26) from the Browns in exchange for a 7th round pick. Watson brings a 1 year, $915,000 contract with him to Tennessee.

Acquired L'Jarius Sneed (CB, 27) from the Chiefs with a 7th round pick in exchange for a 3rd & 7th round pick. Sneed was extended out 4 years, $76.4M upon his arrival.

Additional Thoughts

The Titans responded to finishing near the bottom of the AFC last season with an aggressive about face this March that included two big secondary adds (Sneed/Awuzie), a bigtime receiver (Ridley), & an immediate attempt to replace Derrick Henry in Tony Pollard. If the goal is to give Will Levis a legitimate chance to grow into the QB1 of this franchise going forward, Tennessee’s front office has certainly stepped up their part of the deal. With that said, this is still a bottom 3rd team in terms of cap allocations for both 2024 & 2025. There’s room to grow if the success on the field dictates.

Washington Commanders

Current 90-Man Roster Financials

Top 51 Space: $36M (3rd)
Total Cap: $262M (29th)
Dead Cap: $29M (15th)

Notable Free Agent Adds

Dorance Armstrong (DE, 27): Leaves the Cowboys on a 3 year, $33M contract that includes $16.1M guaranteed through 2024. He projects to start on the DL.

Frankie Luvu (LB, 27): Leaves the Panthers on a 3 year, $31M contract that includes $19.1M practically guaranteed through 2025. He’ll center the Washington defense in 2024.

Tyler Biadasz (C, 26): Leaves the Cowboys on a 3 year, $29.25M contract that includes $20.7M practically guaranteed through 2025. He projects to start at center this season.

Nick Allegretti (G, 28): Leaves the Chiefs on a 3 year, $16M contract that includes $9M guaranteed through 2025. He projects to serve as the starting LG.

Austin Ekeler (RB, 29): Leaves the Chargers on a 2 year, $8.34M contract that includes $4.2M guaranteed through 2024. He’ll compete for RB1 duties with Brian Robinson.

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Notable Free Agent Losses

Curtis Samuel (WR, 27): Joins the Bills on a 3 year, $24M contract ($15M guaranteed).

Kendall Fuller (CB, 29): Joins the Dolphins on a 2 year, $15M contract ($8M guaranteed).

Antonio Gibson (RB, 26): Joins the Patriots on a 3 year, $11.25M contract ($5.3M guaranteed).

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Notable Extensions

None.

Notable Trades

Sent Sam Howell (QB, 23) to Seattle with a 4th & 6th round pick in exchange for a 3rd & 5th round pick.

Additional Thoughts

New regime, new QB1, and apparently no time to waste in Washington. The Commanders were far more aggressive this past free agency than many expected them to be, but are still very much in “evaluation” mode with much of their roster. If a few of these 2024 draft picks pop early, look for a young front office to be extremely active in trade discussions as early as this October. Washington boasts the 3rd most cap space ($36M) heading toward camp.

Michael GinnittiJune 14, 2024

Trevor Lawrence became the most recent young QB to lock in a blockbuster extension after three years of team control, agreeing to a 5 new year, $275M new money contract.



The deal keeps Lawrence under contract through the 2030 season and includes $142M fully guaranteed at signing. We’ll dive into all of the recently released details here.

Total Contract Value

With two years of team control still remaining ($5.6M fourth year of his rookie contract plus an exercised $25.6M option), Lawrence’s total value over the next seven seasons comes in at $306,341,000, which ranks 3rd among active contracts (Mahomes $483M, Burrow $310M).

The $275,000,000 in new money ties Burrow for 2nd place behind only Mahomes ($450M), while coming in $12.5M higher than Justin Herbert’s recent re-up in Los Angeles after his 3rd season.

Average Annual Value

One of the bigger headlines sure to be attached to this contract involves the $55M new money average salary, which ties Joe Burrow as the largest in NFL history (for now). But in greater context, the two AAVs remain very far apart.

For starters, Joe Burrow’s extension signed last September was done so in a year that involved a $224.8M league salary cap. Burrow’s $55M represents 24.4% of this figure. Trevor Lawrence’s $55M per year salary now factors into a $255.4M league salary cap - a 21.5% allocation.

Lawrence’s AAV % actually ranks 10th among active QB contracts, sliding in just ahead of Jared Goff (20.75%).

Furthermore, there are only two of seven seasons throughout Lawrence’s contract where he’s scheduled to earn at least $50M per year - 2029 & 2030.

Bonus Structure

Lawrence scored a $37.5M signing bonus with his new deal, a figure that ranks 8th among active QB contracts.

From there, Jacksonville built in FOUR consecutive $35M option bonuses through the 2028 season. This keeps the cap hits relatively manageable for the short-term, but will lead to accumulated dead cap at the back end of the contract.


The Jaguars will have the ability to spread out each $35M bonus over 5 years for cap purposes ($7M per year), or, decline the option and take on the full $35M cap figure all in one season.

Guarantee Structure

Lawrence’s $142M fully guaranteed at signing ranks 3rd all-time behind only Deshaun Watson’s $230M*, & Joe Burrow’s $146.5M. The figure consists of his signing bonus, 2024 salary, 2025 compensation, 2026 compensation, & $29M of his 2027 compensation.

By the middle of March 2026, the remaining $12M of 2027 salary will become fully guaranteed. This amount is guaranteed for injury at signing. In March of 2027, all $46M of Lawrence’s 2028 compensation will become fully guaranteed. That figure is guaranteed for injury at signing.

In total, the deal contains $200M guaranteed for practical purposes - all of it either fully guaranteed at signing, or vests to a full guarantee a year early. This $200M figure ranks 4th behind Watson ($230M), Burrow ($219M), & Herbert ($218M).

Cash Flow

The overall strength of this contract comes into question when dissecting it from a cash flow angle. But in the grand scheme of things, Lawrence has done fine in this regard.

Year 1: $39M (+$33.3M)
Year 2: $37.5M (+$11.9M)
Year 3: $37.5M
Year 4: $41.5M
Year 5: $46.5M
Year 6: $50.5M
Year 7: $53.8M

Lawrence will see $76.5M across the next two seasons, 9th most among active QB contracts & $34M less than Burrow secured. His 3-Year payout comes in at $114M, again 9th among QB deals, $32.5M less than Burrow & $19.7M less than Herbert.

Cap Flow

As you might imagine with a 5-bonus contract structure, Lawrence’s salary cap hits are extremely tenable across the early years of this deal. Things get awful fluffy at the back end…

2024: $15M (+$3.3M)
2025: $17M (-$8.6M)
2026: $24M
2027: $35M
2028: $47M
2029: $78.5M
2030: $74.8M

Jacksonville loses a little more than $3.3M of 2024 cap space per this extension, but they free up over $8.6M in 2025. With a league salary cap sure to blow past $300M in the next few seasons, Lawrence’s annual cap hits should be more than manageable until 2029, when the time to discuss a new deal (or a way out) will be in focus.

Final Thoughts

It’s clear as day that Trevor Lawrence’s negotiations targeted the Joe Burrow contract as its prototype. Many facets of the deal ($275M, $55M per year) match the Burrow contract exactly, while others (rightfully?) fall in just shy ($37.5M signing bonus, $142M guaranteed at signing, $200M practical).

Jacksonville’s ability to get this contract on the books this summer could have huge benefits down the road. Lawrence is entering his age 25 campaign in 2024, meaning he’ll have 5 full seasons before that “30 year old” red flag comes into focus. The Jaguars were able to spread out Lawrence’s $200M of guarantee across all 5 of these seasons, giving themselves more flexibility without having to worry about impacting Lawrence’s ability to max out a 3rd contract.

If all goes well, 29-year-old Lawrence should be walking into his next big contract after the 2028 season, with 2 years, $104.3M non-guaranteed remaining on this current deal.

If all goes wrong, it’s still going to be difficult to make this 7 year, $306.3M contract any smaller than a 5 year, $202M one. It’ll take a Russell Wilson type full salary buyout to walk away any sooner.

Michael GinnittiJune 12, 2024

The 2024 NFL offseason is now three months old, prompting Spotrac to reflect on the top free agent signings at each position, a newly signed player who may hold significant value for the upcoming season, and a few notable players still available on the open market through the middle of June.

RELATED: NFL Free Agency

Top Free Agent Contracts

QB: Kirk Cousins (Falcons)

Signed a 4 year, $180,000,000 total value contract that included $90M guaranteed at signing, & $100M practically guaranteed through 2025. He’ll earn $62.5M cash in 2024, while carrying a $25M cap figure for the upcoming season.

RB: Josh Jacobs (Packers)

Signed a 4 year, $48,000,000 total value contract with Green Bay that included $12.5M fully guaranteed (his signing bonus). The Packers don’t offer full guarantees on base salaries to non-QB contracts, so Jacobs will be operating on a year-to-year basis from here out. He’ll earn $14.8M in 2024 a year after securing $11.8M from the Raiders.

WR: Calvin Ridley (Titans)

Signed a 4 year, $92,000,000 total value contract with Tennessee that included $46.9M fully guaranteed at signing, $51M practically guaranteed through 2025. He’ll earn $25M cash in 2024, more than double the $11.1M he secured in Jacksonville last season.

TE: Colby Parkinson (Rams)

Signed a 3 year, $22,500,000 contract with Los Angeles that includes $10.25M guaranteed at signing, $15.5M guaranteed through 2025. He’ll earn $7.75M in 2024, & $2.5M of his 2025 salary is guaranteed right now.

OT: Jonah Williams (Cardinals)

Signed a 2 year, $30,000,000 contract with Arizona that includes $19M fully guaranteed at signing, and $21.5M practically guaranteed through 2025. Williams secured a $17.1M paycheck this season after cashing in $12.6M from Cincinnati in 2023.

G: Robert Hunt (Panthers)

Signed a 5 year, $100,000,000 contract with Carolina that includes $44M guaranteed at signing, $63M practically guaranteed through 2026. Hunt secures $27.65M cash for the upcoming season, 3.5 times more than he earned across his first four seasons in Miami.It’s a 3 year, $63M deal for practical purposes.

C: Lloyd Cushenberry (Titans)

Signed a 4 year, $50,000,000 contract with Tennessee that includes $26M guaranteed at signing, $30M practically guaranteed through 2025. Cushenberry will see $20M cash in 2024, & 60% of his 2025 compensation is already fully locked in.

DT: Christian Wilkins (Raiders)

Signed a 4 year, $110,000,000 contract with Las Vegas that includes $57.7M guaranteed at signing, $82.75M practically guaranteed through 2026. The 28-year-old will triple his 2023 compensation up to $30M for the upcoming season, with another $29M already locked in for 2025. 

EDGE: Jonathan Greenard (Vikings)

Signed a 4 year, $76,000,000 contract with Minnesota that includes $38M fully guaranteed through 2025. It’s a flat $19M per year cash flow for the 27-year-old, who should have no trouble seeing 3 years, $57M on this deal before reconsideration.

LB: Patrick Queen (Steelers)

Signed a 3 year, $41,000,000 contract with Pittsburgh that includes $13.84M fully guaranteed (his signing bonus). Outside of a few rare exceptions, the Steelers don’t guarantee base salaries, making Queen’s contract year-to-year from the onset. Early March roster bonuses in  2025 & 2026 will help to define his future each offseason.

CB: Chidobe Awuzie (Titans)

Signed a 3 year, $36,000,000 contract with Tennessee that includes $19M fully guaranteed at signing, $22.98M practically guaranteed through 2025. He figures to slot into the starting left cornerback role immediately for at least the next 2 years, $24M.

S: Xavier McKinney (Packers)

Signed a 4 year, $67,000,000 contract with Green Bay that includes $23M fully guaranteed, all by way of a signing bonus. He’ll earn $25M in 2024, while the remaining 3 years, $42M will be dealt with on a year-to-year basis - the Packer’s way.

EARLY VALUE BETS

QB: Russell Wilson (Steelers)

Obviously. Wilson joins Pittsburgh on a veteran minimum $1.21M for the upcoming season, and barring a camp battle loss to Justin Fields, should take the Week 1 snaps. At $67,222 cash per league week, Pittsburgh is operating with house money here.

RB: Derrick Henry (Ravens)

Henry joins Baltimore on a 2 year, $16,000,000 contract that sizes down to 1 year, $9M from a guarantee standpoint. The #3 rated RB according to PFF in 2023 has earned $15.5M, $10.5M, $14.5M, & $10.5M respectively over the past 4 seasons.

WR: Marquise Brown (Chiefs)

Brown becomes the latest veteran WR to join Patrick Mahomes’ offense on a 1 year “prove-it” contract, and could/should flourish with ample opportunities. Brown secured $6.5M guaranteed on his 1 year, $7M contract that comes with $4M of additional incentives based on playing time, touchdowns and yards.

TE: Jonnu Smith (Dolphins)

Smith caught 50 passes at an 11.6 yards per reception rate last season in Atlanta, and now slots in as the TE1 on a loaded Dolphins offense. His 2 year, $8.4M free agent contract comes with a 1 year, $4.3M practical structure - half of what he earned with the Falcons last season.

OT: Trenton Brown (Bengals)

Brown, the #11 overall rated tackle in 2023 according to PFF, leaves New England to join the right side of Joe Burrow’s O-Line this season. He signed a 1 year, $4.75M contract that includes $1M of per game active roster bonuses.

G: Kevin Zeitler (Lions)

After 3 seasons in Baltimore, including a $6.5M payout last year, Zeitler joins the Lions on a 1 year, $6M nearly fully guaranteed contract. The 34-year-old was a Top 15 rated guard according to PFF in 2023.

C: Bradley Bozeman (Chargers)

The advanced stats have never been kind to Bozeman, who was paid a $4M buyout by Carolina to re-enter free agency this March, but the Chargers are picking up a starting-caliber center at a league minimum $1.125M. The sudden retirement of injured Corey Linsley escalated LAC’s need at the position this spring.

DT: D.J. Reader (Lions)

The nearly 30-year-old played out his previous 4 year, $53M contract with Cincinnati in full before latching onto a stout Lions’ D-Line for 2024. It’s a 2 year, $22M total value contract, but only $7.425M of it is fully guaranteed at signing, and Detroit built in $1.05M of per game active roster bonuses for the upcoming season as added protection.

EDGE: A.J. Epenesa (Bills)

A slow start to the 2nd rounder’s career escalated to 14 sacks, 3 forced fumbles and 2 interceptions over the past two seasons in Buffalo, who brought back the 25-year-old on a 2 year, $12M total value contract. The deal includes $6.5M guaranteed at signing, all in 2024, putting him on a 1 year, $7M contract until further notice.

LB: Tyrel Dodson (Seahawks)

The highest rated off-ball linebacker in 2023 according to PFF leaves Buffalo for Seattle on a 1 year $4.26M contract that includes just $1M guaranteed. It’s a prove-it deal for a role player through much of his rookie contract, but there’s plenty of room for starter-value here in 2024.

CB: Jeff Okudah (Texans)

The former #3 overall pick won’t ever reach his expected ceiling, but with 31 starts under his belt, and a viable chance to win a starting job in Houston, a long, serviceable career is very much in play. Okudah joins Houston on a 1 year, $4.75M contract that can get to $6M based on playing time.

S: Alohi Gilman (Chargers)

Gilman broke into the Chargers’ regular starting lineup in 2023 and hasn’t looked back since. LAC brought him back on a 2 year $10.125M contract that carries a 1 year, $5.6M value from a practical standpoint.

NOTABLE STILL AVAILABLE

While the 2024 NFL Free Agent Season is now three months old, more than a few notable names still remain available. VIEW THE FULL LIST

QB: Ryan Tannehill (35, TEN), Trevor Siemian (32, NYJ)

RB: Cam Akers (25, MIN), Damien Harris (27, BUF)

WR: Michael Thomas (31, NO), Hunter Renfrow (28, LV)

TE: Geoff Swaim (30, ARI)

OT: David Bakhtiari (32, GB), Donovan Smith (30, KC)

G: Phil Haynes (28, SEA), Halapoulivaati Vaitai (30, DET)

C: Connor Williams (27, MIA), Mason Cole (28, PIT)

DT: Bryan Mone (28, SEA), Hassan Ridgeway (29, HOU)

EDGE: Emmanuel Ogbah (30, MIA), Yannick Ngakoue (29, CHI)

LB: Shaquille Leonard (28, PHI), Zach Cunningham (29, PHI)

CB: Xavien Howard (30, MIA), Adoree' Jackson (28, NYG)

S: Justin Simmons (30, DEN), Eddie Jackson (30, CHI)

Michael GinnittiJune 04, 2024

The running back market as a whole may be continuing to slide backwards, but Christian McCaffrey has proved once again that he sits outside of this grouping. The 49ers locked in their versatile offensive weapon to a 2 year, $38M new money extension today that keeps the nearly 28-year-old under contract through 2027.

Total Value Terms

McCaffrey’s 2 year, $38M combines with 2 years, $24.2M remaining on his previous contract to account for a 4 year, $62.2M total value deal. It’s a massive win for a running back of his age, who also carried multiple years of term remaining on his previous deal, and speaks to the unicorn status that CMC has garnered in 7 NFL seasons.

Average Annual Salary

McCaffrey was already the highest average paid running back in football at just north of $16M per year. This new extension places him at $19M, now a crisp $4M more than any other back in the game.

1. Christian McCaffrey, $19M
2. Alvin Kamara, $15M
3. Jonathan Taylor, $14M

At $62.2M total over the next 4 years, CMC’s $15.55M adjusted total value AAV still keeps him atop this list, as does the 2 year, $32.2M practical guarantee on this deal.

Practical Guarantee Structure

The new contract comes with $24M fully guaranteed at signing, including a $14.29M signing bonus, his minimum $1.21M base salary for 2024, and $8.5M of his 2025 compensation.

However, a triple bonus structure (signing bonus, 2025 option bonus, 2026 option bonus) make this a very likely 2 year, $32.2M contract on its face, with 3 years, $44.7M not out of the question.

Cap Hit Flow

Previously scheduled to account for $14.1M against the 49ers books this year, McCaffrey’s extension now frees up $7.46M of space fo the upcoming season.

McCaffrey’s New Cap Hits
2024: $6.6M
2025: $9.8M
2026: $9.7M
2027: $25.3M
2028: $14.8M (voidable dead cap)

Obviously the next three years at sub-$10M cap hits benefit the organization a great deal. It should be noted that the 2025 & 2026 figures assume that option bonuses have been exercised. There’s a world where San Francisco decides to front load their cap with this contract, and decline one of the bonuses, turning that respective payment into base salary for a single season.

Additionally, the contract contains 3 void years to allow for the 3 bonuses to fully prorate 5 years. If McCaffrey remains on this contract through 2026 and is released thereafter, the 49ers will have $22.7M of dead cap to deal with - but this is very much only one scenario.

Cash Flow

Previously scheduled to earn $12M in 2024, McCaffrey will now see $16M (assuming he’s active for 17 weeks), with another $16.2M on the books for 2025.

McCaffrey's New Cash Payouts
2024: $16M
2025: $16.2M
2026: $12.5M
2027: $17.5M

While this appears to be backloaded, it’s important to remember that McCaffrey was previously set to earn $12M, & $12.2M in 2024 & 2025 respectively as of yesterday. This extension was as much about bringing more money into his next two seasons as it was anything.

Future Thoughts

There’s not much to say in terms of how this may impact the running back market going forward, because it won’t. If anything, this maneuver resembles the cash-front renegotiation that Patrick Mahomes and the Chiefs agreed to last season, meant to reward a superstar player who was being paid well, but was playing at a level that simply deserved more money.

The triple-bonus structure keeps CMC’s cap hits outrageously tenable, doing little to stand in the way of potential extensions for Brandon Aiyuk or Brock Purdy in the coming weeks and months. But the single most important takeaway from this contract extension is that it keeps one of the most dynamic weapons in NFL history happy and locked in for two more seasons.

Every team in the league would have signed up for this.

Michael GinnittiJune 03, 2024

The inevitable has finally occurred: The Minnesota Vikings have made Justin Jefferson the highest average paid non-QB in NFL history this spring, signing their WR1 to an historic 4 year, $140M extension through the 2028 season. We’ll dive into all of the details here.

Contract Rankings

This won’t surprise you, but everything about Justin Jefferson’s next contract with Minnesota is a game changer.

  • Average Salary: $35M (1st)
  • New Money Value: $140M (T1, Davante Adams)
  • Total Guarantee: $110M (1st)
  • Guarantee at Sign: $88.7M (1st)
  • Signing Bonus: $36.9M (1st)
  • Year 1 Cash: $38M (1st)
  • 2-Year Cash: $69.9M (1st)
  • 3-Year Cash: $95.7M (1st)

Related: Current WR Contract Rankings

Total Value Numbers

Justin Jefferson’s 4 year, $140 million contract extension with the Minnesota Vikings represents a lot of “firsts and mosts” across the non-QB landscape. In full, this becomes a 5 year, $159,753,000 contract through the 2028 season, accounting for a total value average salary just shy of $32M per year.

Average Annual Salary

Jefferson’s $35M average salary easily surpasses all Wide Receiver values, but it also represents the largest non-QB AAV in NFL history.

Top Non-QB Average Salaries All-Time
1. Justin Jefferson, $35M
2. Nick Bosa, $34M
3. A.J. Brown, $32M

Top WR Average Salaries All-Time
1. Justin Jefferson, $35M
2. A.J. Brown, $32M
3. Amon-Ra St. Brown, $30.002M

In terms of percentages, Jefferson’s $35M AAV represents 13.7% of the current league salary cap ($255.4M), which actually ranks 4th among active non-quarterback contracts.

1. T.J. Watt, 15.34%
2. Nick Bosa, 15.12%
3. Tyreek Hill, 14.4%
4. Justin Jefferson, 13.7%

Guarantees

The full guarantees at signing within this contract surmise to $88.743M, which includes the near $37M signing bonus, minimum base salaries this and next season, a $30M option bonus for 2025, and nearly $19M of his 2026 compensation.

Furthermore, another $7M of 2026 salary becomes fully guaranteed next March, and an additional $14.25M of 2027 salary fully guarantees in March of 2026. All of this compensation is guaranteed for injury at the time of signing, and because of the year-early vesting nature, is considered practically guaranteed.

This amounts to a practical guarantee of $110M, and a practical contract value of $125.7M over the next 4 seasons.

Signing Bonus

Jefferson’s $36.9M signing bonus is the largest a Wide Receiver has ever received, easily surpassing D.K. Metcalf’s $30M bonus from the Seahawks back in 2022.

Largest Non-QB Signing Bonuses
1. Nick Bosa, $50M
2. Aaron Donald, $40M
3. Justin Jefferson, $36.9M

Cash Flow

Jefferson’s new contract breaks down like this from a cash standpoint:
Year 1: $38.063M
Year 2: $31.93M
Year 3: $25.75M
Year 4: $30.01M
Year 5: $34M

The 1-Year ($38M), 2-Year ($69.9M) & 3-Year ($95.7M) cash flow are by far the most in WR contract history.

2-Year WR Cash Rankings
1. Justin Jefferson, $69.9M
2. Tyreek Hill, $53.2M
3. A.J. Brown, $51M

3-Year WR Cash Rankings
1. Justin Jefferson, $95.7M
2. A.J. Brown, $80M
3. Tyreek Hill, $73M

The Vikings intelligently front-loaded a big portion of this contract to account for the value they’re getting out of a few notable rookie contracts around the starting lineup.

Cap Hit Flow

The double bonus structure (large signing bonus, large 2nd-year option bonus) always leads to early salary cap value, and this contract is no different.

2024: $8,512,600
2025: $15,317,600
2026: $39,137,600
2027: $43,397,600
2028: $47,387,600
2029: $6,000,000 (voidable dead cap)

With a league salary cap certain to be approaching $300M by 2026, the first three years could reasonably be left untouched, and there’s a very realistic possibility that Minnesota gets through all 4 practical seasons of this contract without ever having to process a cap-conversion. However, aggressive roster building and a potential contract extension for QB J.J. McCarthy after the 2026 season could force their hand.

Jefferson’s previous 5th-year option salary for 2024 came with a $19.743M cash & cap hit, so the extension represents a savings of over $11.2M this season. The Vikings now carry around $27.5M of Top 51 cap space into June.

Timing, Age, & a Likely Outcome

Jefferson doesn’t just have the J.J. McCarthy’s rookie contract value on his side - he also had the benefit of signing a rookie contract at the age of 21. This means, his 4 year extension (5 year total contract) will only carry him through age 29 - and that’s assuming that he plays it out in its entirety.

The most likely outcome here (assuming everything goes as planned for the organization), is that McCarthy is talented enough to warrant a contract extension after 2026 (his first year of eligibility), requiring a huge guarantee at sign escrow dump from ownership, then Jefferson extends out of this new contract after 2027, with 1 year, $34M remaining. McCarthy will be entering his age 24 season, while Jefferson will be entering his age 29 campaign.

Who’s Next?

The Dallas Cowboys continual plan to wait out their players in hopes of a team-friendly “Because we’re the Cowboys” contract have bit them once again. CeeDee Lamb’s production over the past two seasons not only matches Jeffersons, but he’s proven to be able to stay healthy over that period of time as well. There’s a very real world where Lamb meets Jefferson’s $35M per year marker, coming in slightly lower in terms of overall and upfront guarantees. Lamb projects toward a 4 year, $136M extension in our system currently.

The same sentiment can be made for Ja’Marr Chase in Cincinnati who, alongside teammate Tee Higgins, is working to negotiate his own blockbuster extension to remain as Joe Burrow’s number one option going forward. Jefferson’s numbers are the new ceiling for Chase, and anything at or close those marks should be considered fair game. Chase projects toward a 3 year, $92M extension in our system currently.

However, if Cincinnati and Dallas decide to wait until the 2025 offseason to try to lock up their WR1s, Jefferson’s contract should then be considered a floor. Another year of league revenue, another year closer to free agency, and a brand new league salary cap figure to work off of should change the negotiation barometer for these two players.

Michael GinnittiMay 31, 2024

13 NFL players were designated Post June 1st releases this past March, setting up 12 teams to pick up additional cap space this coming weekend. Spotrac details each of the unique scenarios, include financial ramifications for this and next season respectively.

It should also be noted that once the calendar flips to June 2nd, all NFL moves will follow the Post 6/1 rules. This means that dead cap will be split across 2024 & 2025 for all trades, releases, retirements, etc...

Arizona Cardinals

D.J. Humphries (LT)

The long-time blindside blocker in Arizona was released ahead of a potential $16M payout for the 2024 campaign. Instead, the Cardinals will take on dead cap hits of $6.91M in 2024, & $6.91M in 2025. Arizona will free up $15.95M of cap space this weekend. Humphries remains unsigned at this time.

Baltimore Ravens

Odell Beckham, Jr. (WR)

The Ravens built in a dummy year to OBJ’s 1-year contract last season, affording them the opportunity to Post 6/1 his voidable dead cap. In turn, Baltimore will take on $2.767M of dead cap for the upcoming season, & $8.3M in 2025. The Ravens will free up a modest $1.2M of space this weekend. Beckham Jr. has since signed a 1 year $3M contract in Miami.

Buffalo Bills

Tre'Davious White (CB)

White’s 7-year run in Buffalo came to an end this March, forgoing the final 2 seasons of his contract. The Bills will now take on dead cap hits of $6.2M in 2024, and $4.1M in 2025, freeing up $10.2M of cap space this weekend. White has since signed a 1 year, $4.25M contract with the Los Angeles Rams.

Dallas Cowboys

Michael Gallup (WR)

The Cowboys chose to split Gallup’s $13.05M of dead cap across 2024 and 2025. Dallas will take on $4.35M this season, $8.7M next season, freeing up $9.5M for the current league year. Gallup has since signed a 1 year, $1.75M contract with the Raiders.

Denver Broncos

Russell Wilson (QB)

Wilson’s historic release comes with the biggest dead cap figures this league has ever seen. The Broncos will be saddled with a $53M dead cap hit for the upcoming 2024 season, and a $34M dead hit in 2025. Denver will receive a cap credit of up to $1.21M based on his contract with Pittsburgh, but not until after the 2024 season.

Detroit Lions

Cameron Sutton (CB)

Sutton’s $9M salary guarantee was assumedly voided per his legal issues this offseason, leaving Detroit with dead cap hits of $2.18M in 2024, & $6.54M in 2025. The Lions will open up $10.5M of cap space for the summer this weekend. Sutton remains unsigned at this time.

Green Bay Packers

De'Vondre Campbell (ILB)

Green Bay eliminated the final 3 years, $29M of this contract with a Post 6/1 designation this March, opting instead to take on dead cap hits of $3.65M for 2024, and $7.97M in 2025. The Packers will unlock an extra $10.5M of cap space this weekend per the move. Campbell has since signed a 1 year, $5M contract in San Francisco.

Las Vegas Raiders

Jimmy Garoppolo (QB)

Garoppolo’s tenure in Vegas was short-lived, and an out-of-nowhere suspension for PEDs became a late Christmas gift for the Raiders this past Spring, as an $11.25M salary guarantee was voided. Now, Las Vegas will take on dead cap hits of $4.26M for 2024, and $12.8M in 2025, representing a a savings of more than $24M this coming weekend. Garoppolo has since signed a 1 year, $3.1M contract with the LA Rams. 

Miami Dolphins

Xavien Howard (CB)

Injuries and an expensive payroll led to Howard’s eventual release, eliminating the final 3 years, $53.5M of his contract. Miami will now take on dead cap hits of $7.4M for 2024, and $15.6M in 2025, freeing up a much needed $18.5M of space this summer. Howard remains unsigned at this time.

New Orleans Saints

Michael Thomas (WR)

Thomas’ 8-year tenure in New Orleans came to an end this March with the Post 6/1 Designation. New Orleans will now take on dead cap hits of $8.9M for 2024, and $11.1M in 2025, including $2.2M cash per a 2024 roster bonus. The Saints will free up $1.21M of space this weekend. Thomas remains unsigned at this time.

Jameis Winston (QB)

Winston spent 4 seasons in New Orleans before his designation this March, and has since joined Cleveland on a 1 year, $4M contract. The Saints will take on dead cap hits of $3.38M for 2024, & $7.3M in 2025, freeing up $1.21M of space this weekend.

San Francisco 49ers

Arik Armstead (DE)

Like most contenders, the Niners have had to make a difficult release each of the past few offseasons. Armstead was the unfortunate candidate this time around, forgoing the final year of his 5 year, $85M extension. San Francisco stands to take on dead cap hits of $10.5M in 2024, and $14.8M in 2025, freeing up $17.8M of immediate cap space. Armstead has since locked in a 3 year, $43.5M contract in Jacksonville.

Tampa Bay Buccaneers

Shaquil Barrett (OLB)

Barrett’s outstanding 5-year run in Tampa came to an end this March, forgoing the final two seasons of his contract. The Bucs will take on dead cap hits of $9.26M in 2024, and $17.4M in 2025, freeing up $1.91M of immediate cap space this weekend. Barrett has since signed a 1 year, $7M contract with the Dolphins.

Michael GinnittiMay 23, 2024

A look at 10 NFL players who are skipping out on organized team activities as they seek a new contract, including projected outcomes for each. It should be noted that OTAs are voluntary, so players won’t be fined for missing these training sessions. Should these holdouts progress toward training camp, fines & signing bonus forfeiture will begin to come into play for some.

Tua Tagovailoa (26, QB, Dolphins)

1 year, $23.171M remaining

While extension negotiations are well underway, the two sides are reportedly still far apart as OTAs kick off in Miami. Tua isn’t completely holding out from the team, but he’s not exactly “all-in” on them either - understandably so. If you believe Kyler Murray is the best foundation for Tua to base his next contract on, consider this: Murray’s $46.1M per year contract back in 2022 represented 22.1% of the league salary cap. In 2024, that means a $56.5M per year contract for Tua.

Justin Jefferson (25, WR, Vikings)

1 year, $19.743M remaining

Mathematically speaking, Justin Jefferson projects toward a 4 year, $130M extension ($32.5M per year). He’s looking to become the NFL’s highest average paid non-QB (Nick Bosa, $34M). It seems a perfectly reasonable ask, all things considered.

CeeDee Lamb (25, WR, Cowboys)

1 year, $17.991M remaining

The 2-year production between Lamb and Justin Jefferson is much closer than you might expect. In fact, the math says Lamb (who’s remained healthier), should be approaching $34M per year on his next deal. It shouldn’t surprise anyone if both of these receivers sign extensions that approach $150M total value, $100M guaranteed.

Tee Higgins (25, WR, Bengals)

1 year, $21.816M remaining

Higgins has yet to sign his franchise tag and likely won’t do so for quite some time. If an extension isn’t agreed to by July 15th, Higgins will be confined to a 1 year contract for the upcoming season (though not necessarily the tag number). This holds true even if he’s traded in the coming weeks. He projects toward a 5 year, $100M contract in our system.

Courtland Sutton (28, WR, Broncos)

2 years, $27.6M remaining

Sutton’s contract request came somewhat out of left field, as the team around him was encountering significant (mostly cost cutting) changes. It’s likely a “pay or trade” request from Sutton and his camp, but can the Broncos find a viable trade partner at this stage? Sutton projects toward a 3 year, $56M extension in our system.

Darius Slayton (27, WR, Giants)

1 year, $6.2M remaining

Slayton has already been paid a $2.4M roster bonus in 2024, leaving $3.8M remaining for the rest of the year. He caught a career high 50 passes for 770 yards last season, and is likely seeking something in the neighborhood of Gabriel Davis’ recent 3 year, $39M contract in Jacksonville. 

Brandon Aiyuk (26, WR, 49ers)

1 year, $14.124M remaining

The Niners have plenty of deals on the books, and another blockbuster for QB Brock Purdy is looming after the upcoming season. In this regard, it’s probably a team-friendly extension, or a franchise tag for Aiyuk in the coming months, especially with newly drafted Ricky Pearsall now in the picture. Aiyuk projects toward a 4 year, $106M contract extension in our system.

Tristan Wirfs (25, OT, Buccaneers)

1 year, $18.244M remaining

With QB Baker Mayfield, WR Mike Evans, & DB Antoine Winfield Jr. all locked in, Wirfs has to be next on the agenda. Penei Sewell’s recent 4 year, $112M extension ($85M guaranteed) certainly raised the bar for top of the market offensive linemen - and that’s exactly what Wirfs is. $29M+ per year, $118M+ total value, $86M+ guaranteed are now the new thresholds to be crossed.

Cameron Heyward (35, DL, Steelers)

1 year, $16M remaining

Heyward is trending toward the “pay me or I’ll retire” phase of his career, and he’s coming off one of his least productive seasons to pair with it. Still, he’s one of the most prolific Steelers in history, and, despite pushing past 35 years of age, still warrants a mini-extension, signing bonus, and guarantee for the upcoming season. His $16M salary values at nearly $20M in the current financial landscape, so Pittsburgh could tack on 2 years, $40M, including $20M owed in 2024, offering a little bit of everything.

Eddy Pineiro (28, K, Panthers)

1 year, $2M remaining

Kicker holdouts aren’t common, but we’ll take them when we get them. The 28 year old has made 58 of 64 field goals & 47 of 52 extra points in his 2 years with the Panthers. Does that make him worthy of being more than the 21st paid kicker in 2024? Probably. Chase McLaughlin’s 3 year, $12.3M reup in Tampa is a likely asking price.



Michael GinnittiMay 22, 2024

With offseason activities now under way for 2024 NFL teams, a few QB1 competitions across the league officially kick off as well. Spotrac has identified a few notable quarterback conversations to watch in the coming weeks and months.

RELEATED: ACTIVE QUARTERBACK CONTRACTS

Denver Broncos

Contenders: Bo Nix, Jarrett Stidham, Zach Wilson

#12 overall pick Bo Nix signed his 4 year, $18.6M fully guaranteed contract this month, but he’ll have work to do this summer to lock in the starting gig out of the gate. He’s the favorite in the clubhouse.

Zach Wilson, acquired from the Jets last month, has 33 career starts in the league, and could very well be tagged as Denver’s QB1 out of they gate while Nix continues to develop. The Broncos are only on the hook for $2.7M (50%) this season - the final year of his rookie contract.

Denver signed Jarrett Stidham to a 2 year, $10M contract in March of 2023 that included $4M in 2023, & $6M for the upcoming season. The Broncos already paid out a $1M roster bonus this spring, and $1M of his 2024 salary is fully guaranteed, but there’s a world where Denver cuts bait here, freeing up $5M of cap & cash. Stidham has 4 career starts, including 2 last season.

Las Vegas Raiders

Contenders: Gardner Minshew, Aidan O'Connell

Gardner Minshew signed a 2 year, $25M contract to open free agency, including $15M fully guaranteed ($12M in 2024, $3M+ in 2025). It’s aggressive backup QB, value starting QB money - putting him squarely in competition to win the job this summer. Minshew is a career 15-22 as a starting QB, including 62% of his passes completed.

Aidan O'Connell started 10 games in his rookie campaign, completing 62% of his passes for just over 200 yards per game. His contract carries a non guaranteed $3M through 2026.

Minnesota Vikings

Contenders: Sam Darnold, J.J. McCarthy

The Vikings surprised nobody in selecting J.J. McCarthy #10 overall in this past draft. Once signed, the former Michigan QB1 will be locked in at $21.8M fully guaranteed through 2027, with a 5th year option available in 2028.

Minnesota signed Sam Darnold away from San Francisco this March to the tune of 1 year, $10M ($8.75M fully guaranteed). While he’s logged 56 starts across 6 NFL seasons, Darnold only has 7 under his belt in the past two years (including 1 Week 17 start in 2023), and a career completion percentage under 60%.

New England Patriots

Contenders: Drake Maye, Jacoby Brissett

The Patriots stayed pat, selecting Drake Maye #3 overall to be the next man in line to attempt to replace the ghost of Tom Brady. When signed, he’ll lock in $36.6M fully guaranteed through 2027 plus a 5th year option in 2028. Maye started 27 games across 3 seasons in college, completing over 65% of his passes, including 63 TDs against 16 INTs.

New England signed Jacoby Brissett away from Washington this past March to a 1 year, $8M contract ($6.5M fully guaranteed). His last legitimate starting gig came back in 2022 when he filled in for a suspended Deshaun Watson in Cleveland (4-7 record, 64% completion rate). He’s certainly a capable option for the Patriots out of the gate if Maye requires more time.

New York Giants

Contenders: Daniel Jones, Drew Lock

Despite the Giants’ insistence that Daniel Jones will be the Week 1 starter, we’ll play devil's advocate until we get there. Jones is recovering from an ACL tear, is set to earn $36M fully guaranteed in 2024, and holds a $23M injury guarantee on his 2025 salary, should he be unable to pass a physical next March. It’s a risk to play Jones, who was 1-5 with 2 TDs and 6 INTs at the time of the injury last year, but he’s still the favorite to take the first snap.

Drew Lock was signed away from Seattle on a 1 year, $5M fully guaranteed contract. The 27-year-old has 23 career starts (9-14 record), and holds a career completion percentage under 60%. Still, there’s a world where the Giants leverage his experience as a way to mitigate the financial risk that comes with throwing Daniel Jones back out to the wolves.

Pittsburgh Steelers

Contenders: Russell Wilson, Justin Fields

Signed to a veteran minimum $1.2M salary for 2024 (thanks to the $37.8M buyout coming from Denver), Russell Wilson appears to have the early edge to win the Week 1 job. Saying something in March, and seeing something in September are two very different things.

Acquired from Chicago this past March for a 2025 6th round pick, Justin Fields brings a 1 year, $3.2M contract with him to Pittsburgh, set to earn nearly 3x more than Russell Wilson as a member of the Steelers. This is a rare scenario where contract statuses actually cancel each other out. PIttsburgh’s QB1 battle will be won on the training camp field.

Washington Commanders

Contenders: Jayden Daniels, Marcus Mariota

Washington took Jayden Daniels #2 overall this past draft, putting him in line to become the Commanders’ next franchise quarterback. Once signed, Daniels will lock in $37.7M through 2027, plus a 5th year option for 2028.

Marcus Mariota was signed away from Philly on a 1 year, $6M contract ($5.4M fully guaranteed). Mariota has 74 career starts (34-40 record), including 13 for the Falcons back in a tumultuous 2022 campaign. He holds a career 62.7% completion rate across 90 games played.

Worth a Mention

Atlanta Falcons
It would be reckless to think that Kirk Cousins (who is owed $62.5M this season) could be supplanted by Michael Penix Jr. this season, but that doesn’t mean he can’t make things uncomfortable out of the gate. Trading Cousins after 2024 means a new team acquires a 1 year, $37.5M contract, practically speaking, while the Falcons take on $37.5M of dead cap (saving $2.5M for 2025). Again - very hypothetical.

New Orleans Saints
Nearly $29M of Derek Carr’s 2024 compensation was converted to signing bonus in February, all but securing his spot for the upcoming season. Additionally, $10M of his 2025 pay (an early March roster bonus) became fully guaranteed. $30M more of next year’s salary locks in next March. If the wheels fall off this season, the Saints may consider paying that $10M guarantee as a parting gift, though an outright release comes with over $50M of dead cap next season ($21M in 2025, $29M in 2026 if designated post June 1st). The Saints selected Spencer Rattler in the 5th round this past draft as a possible replacement.

Seattle Seahawks
The Seahawks made it clear by mid-February that Smith was going to be on the 2024 roster (his 3 year contract had an out after 2023). Geno is now guaranteed to earn the $22.5M owed to him for the upcoming season, but another clear out exists thereafter ($13.5M dead cap against a $38.5M hit). Sam Howell is on a 2 year, $2M non-guaranteed contract behind Smith.

 

Michael GinnittiMay 15, 2024

With the bulk of the 2024 NFL offseason now behind us, the time to start thinking about next March is now. Spotrac has identified a few notable players at each position group currently on track to become unrestricted free agents after the upcoming season.

RELATED: 2025 NFL FREE AGENT TRACKER

QUARTERBACK

Prescott, who has a no-tag clause in his expiring contract with the Cowboys, is trending toward the open market as of now, and the cost to keep him in Dallas now approaches $60M per year. It seems likely that Jordan Love & Tua Tagovailoa will agree to extensions in the coming months, but the long-term QB plan in Pittsburgh is another situation to monitor.

RUNNING BACK

It was a strong free agency for the running back position this past March, but will the trend continue going forward? Conner has quietly put together a nice run in Arizona, but he’ll be nearly 30 by the time he signs his next deal. Nick Chubb’s recovery from injury this upcoming season will be something to monitor, as Cleveland will be motivated to keep him in the fold for their continuing contention window.

WIDE RECEIVER

It feels like everytime we go to create a list of wide receivers available (draft prospects, extension candidates, trade candidates, etc…) we wind up with a laundry list of talent. The same goes for the upcoming free agency pool, though it’s safe to assume that a few of these names will be removed in the coming weeks and months via extension or a tag. Jefferson & Lamb should obliterate the non-QB money market soon.

TIGHT END

A largely weak list for now could (should) be bolstered this winter by cap casualty candidates. All three of these players have a good chance to secure a multi-year guarantee next March.

OFFENSIVE LINE

Age is certainly a factor with many of the names listed below, but this is a solid group of starting offensive lineman currently set to hit the free market, highlighted by Tristan Wirfs (TB), Taylor Decker (DET), Quinn Meinerz (DEN), Trey Smith (KC), & Creed Humphrey (KC).

TACKLES

GUARDS

CENTERS

INTERIOR DEFENDER

It’s been a big year for defensive tackle money, with Chris Jones (KC), Christian Wilkins (LV), & Justin Madubuike (BAL) resetting the top of the market across the board. The current free agent class isn’t likely to require contracts anywhere near the top of the mountain, but they’ll benefit from the positional raise nonetheless.

EDGE DEFENDER

5 edge defenders signed free agent contracts this past March that contained more than $25M fully guaranteed (Danielle Hunter at $48M led the group). There’s a world where 3-4 of next year’s class eclipse this mark easily, though age is a factor across the board here.

LINEBACKER

As teams continue to passover paying off-ball linebackers in favor of other positions, more and more talented players will be allowed to test the open market. Unfortunately, this is also leading to a bit of a devaluation for these players, as supply is outweighing demand on an annual basis. Patrick Queen’s 3 year, $41M contract in Pittsburgh is all the evidence we need.

CORNERBACK

Samuel Jr. and Terrell should sign extensions in the coming weeks, setting up Jonathan Jones & Charvarius Ward as likely top names to watch heading through the 2024 campaign. Jaire Alexander ($21M per year) & Denzel Ward ($71.25M guaranteed) have held the top marks at the position for a minute now.

SAFETY

Overall, safety contracts have taken a hit in recent offseason (on a similar trajectory to off-ball linebackers). The stars will continue to see big numbers (as evidenced by Antione Winfield Jr.’s recent payday), but by and large, teams are allowed above average players to test the open market before extending. 

SPECIAL TEAMS

Harrison Butker was the 3rd highest rated kicker in 2023 according to PFF, with Prater, McPherson, & Hopkins all cracking the Top 10. This has become a year-to-year what-have-you-done-for-me-lately position however, so most of these names will need strong 2024s to secure any type of multi-year guarantee. The top marks currently sit at $6M per year, $17.5M guaranteed for kickers, $3.6M per year, $7.5M guaranteed for punters.

RELATED: 2025 NFL FREE AGENT TRACKER

Michael GinnittiMay 09, 2024

As NFL teams turn their focus toward the summer months, we'll begin to project how rosters & lineups will shake out for the upcoming 2024 season, starting with a few financials notes for projected starting & backup quarterbacks.

STARTER VALUE
9 teams currently project to carry a QB1 that will earn less in 2024 than his respective QB2

  • New England (Brissett, Maye)
  • Las Vegas (O’Connell, Minshew)
  • Minnesota (Darnold, McCarthy)
  • Indianapolis (Richardson, Flacco)
  • Pittsburgh (Wilson, Fields)
  • Tennessee (Levis, Rudolph)
  • Carolina (Young, Dalton)
  • San Francisco (Purdy, Dobbs)
  • Houston (Stroud, Mills)

ROOKIE CONTRACTS
40% of the projected QB1s & QB2s are on a rookie contract, including 6 in their first year. 11 projected starting QBs are set to play on a rookie contract (though Trevor Lawrence & Tua Tagovailoa could extend this summer).

VET CONTRACTS
17 projected QB1s & QB2s enter 2024 on a brand new contract, including 4 projected starters (Cousins Darnold, Brissett, Wilson, Mayfield). Barring an extension this summer, Jared Goff is set to play out the 6th season of his current contract. Patrick Mahomes is in Year 5, while Josh Allen & Dak Prescott are starting down Year 5 of their extensions.

QB1 High: Mahomes, $450M; QB1 Low: Wilson, $1.21M
QB2 High: Minshew: $25M; QB2 Low: Johnson, $1.3M

ANNUAL AVERAGES
Only 1 projected starting QB carries an average salary below $1M: Brock Purdy (SF). The average of the QB1 averages currently chimes in at $25M, with projected backup QBs set to earn $3.6M on average.

QB1 High: Burrow, $55M; QB1 Low: Purdy, $934k
QB2 High: Minshew, $12.5M; QB2 Low: Bagent, $906k

EXTENSION CANDIDATES
Dak Prescott (DAL): Is entering the 4th and final season of his recent extension, set to earn $34M for 2024.
Jared Goff (DET): Is entering the 6th and final season of his contract, set to earn $27.3M for 2024
Jordan Love (GB): Is entering the 2nd and final season of his bridge extension, set to earn $11M for 2024
Trevor Lawrence (JAX): Is entering the 4th year of his rookie contract. The Jags exercised a $25.6M option for 2025
Tua Tagovailoa (MIA): Is entering the 5th and final season of his rookie contract, set to earn $23.1M for 2024

PENDING FREE AGENTS
7 projected starting QBs are slated for free agency next March:

  • Dak Prescott (DAL)
  • Jared Goff (DET)
  • Jordan Love (GB)
  • Tua Tagovailoa (MIA)
  • Sam Darnold (MIN)
  • Jacoby Brissett (NE)
  • Russell Wilson (PIT)

(scroll right for additional data)

TEAM QB1 CONTRACT TYPE/YEAR 2024 CASH AVERAGE SALARY   QB2 CONTRACT TYPE/YEAR 2024 CASH AVERAGE SALARY   QB1+QB2 QB1-QB2
ARI Kyler Murray VET 3 $38,850,000 $46,100,000   Desmond Ridder ROOKIE 3 $1,192,542 $1,340,740   $40,042,542 $37,657,458
ATL Kirk Cousins VET 1 $62,500,000 $45,000,000   Michael Penix Jr. ROOKIE 1 $14,256,916 $5,720,659   $76,756,916 $48,243,084
BAL Lamar Jackson VET 2 $32,500,000 $52,000,000   Josh Johnson VET MIN $1,377,500 $1,377,500   $33,877,500 $31,122,500
BUF Josh Allen VET 4 $30,000,000 $43,005,667   Mitchell Trubisky VET 1 $2,750,000 $2,625,000   $32,750,000 $27,250,000
CAR Bryce Young ROOKIE 2 $2,475,231 $9,488,768   Andy Dalton VET 2 $4,000,000 $5,000,000   $6,475,231 -$1,524,769
CHI Caleb Williams ROOKIE 1 $26,332,132 $9,871,515   Tyson Bagent ROOKIE 2 $915,000 $906,667   $27,247,132 $25,417,132
CIN Joe Burrow VET 2 $65,714,000 $55,000,000   Jake Browning ROOKIE 2 $915,000 $972,500   $66,629,000 $64,799,000
CLE Deshaun Watson VET 3 $46,000,000 $46,000,000   Jameis Winston VET 1 $4,000,000 $4,000,000   $50,000,000 $42,000,000
DAL Dak Prescott VET 4 $34,000,000 $40,000,000   Cooper Rush VET 2 $2,250,000 $2,500,000   $36,250,000 $31,750,000
DEN Bo Nix ROOKIE 1 $11,151,848 $4,653,292   Jarrett Stidham VET 2 $6,000,000 $5,000,000   $17,151,848 $5,151,848
DET Jared Goff VET 6 $27,300,064 $33,500,000   Hendon Hooker ROOKIE 2 $1,009,956 $1,429,755   $28,310,020 $26,290,108
GB Jordan Love VET 2 $11,000,000 $13,500,000   Sean Clifford ROOKIE 2 $915,000 $1,041,045   $11,915,000 $10,085,000
HOU C.J. Stroud ROOKIE 2 $2,399,057 $9,069,811   Davis Mills ROOKIE 4 $3,116,000 $1,304,383   $5,515,057 -$716,943
IND Anthony Richardson ROOKIE 2 $2,295,183 $8,498,508   Joe Flacco VET 1 $4,500,000 $4,500,000   $6,795,183 -$2,204,817
JAC Trevor Lawrence ROOKIE 4 $5,677,294 $9,198,372   Mac Jones ROOKIE 4 $2,785,412 $3,896,588   $8,462,706 $2,891,882
KC Patrick Mahomes VET 5 $45,750,000 $45,000,000   Carson Wentz VET 1 $3,325,000 $3,325,000   $49,075,000 $42,425,000
LAC Justin Herbert VET 2 $56,600,000 $52,500,000   Easton Stick VET 1 $2,667,500 $2,667,500   $59,267,500 $53,932,500
LAR Matthew Stafford VET 3 $31,000,000 $40,000,000   Jimmy Garoppolo VET 1 $3,178,750 $3,178,750   $34,178,750 $27,821,250
LV Aidan O'Connell ROOKIE 2 $915,000 $1,087,345   Gardner Minshew VET 1 $12,500,000 $12,500,000   $13,415,000 -$11,585,000
MIA Tua Tagovailoa ROOKIE 5 $23,171,000 $7,568,860   Mike White VET 2 $3,500,000 $4,000,000   $26,671,000 $19,671,000
MIN Sam Darnold VET 1 $10,000,000 $10,000,000   JJ McCarthy ROOKIE 1 $13,509,396 $5,463,699   $23,509,396 -$3,509,396
NE Jacoby Brissett VET 1 $8,000,000 $8,000,000   Drake Maye ROOKIE 1 $24,262,100 $9,159,941   $32,262,100 -$16,262,100
NO Derek Carr VET 2 $30,000,000 $37,500,000   Jake Haener ROOKIE 2 $915,000 $915,000   $30,915,000 $29,085,000
NYG Daniel Jones VET 2 $36,000,000 $40,000,000   Drew Lock VET 1 $5,000,000 $5,000,000   $41,000,000 $31,000,000
NYJ Aaron Rodgers VET 2 $38,161,112 $37,500,000   Tyrod Taylor VET 1 $6,000,000 $6,000,000   $44,161,112 $32,161,112
PHI Jalen Hurts VET 2 $40,000,000 $51,000,000   Kenny Pickett ROOKIE 3 $1,983,900 $3,516,976   $41,983,900 $38,016,100
PIT Russell Wilson VET MIN $1,210,000 $1,210,000   Justin Fields ROOKIE 4 $3,233,448 $4,717,989   $4,443,448 -$2,023,448
SEA Geno Smith VET 2 $22,500,000 $25,000,000   Sam Howell ROOKIE 3 $985,000 $1,005,400   $23,485,000 $21,515,000
SF Brock Purdy ROOKIE 3 $985,000 $934,252   Joshua Dobbs VET 1 $2,250,000 $2,250,000   $3,235,000 -$1,265,000
TB Baker Mayfield VET 1 $30,000,000 $33,333,333   Kyle Trask ROOKIE 4 $1,414,819 $1,383,834   $31,414,819 $28,585,181
TEN Will Levis ROOKIE 2 $1,183,735 $2,385,541   Mason Rudolph VET 1 $2,870,000 $2,870,000   $4,053,735 -$1,686,265
WAS Jayden Daniels ROOKIE 1 $25,067,108 $9,436,663   Marcus Mariota VET 1 $6,000,000 $6,000,000   $31,067,108 $19,067,108
Michael GinnittiMay 03, 2024

With the bulk of free agency & the draft now in the books, many NFL teams are turning their attention back to their current rosters.

Spotrac has identified 10 players (5 Quarterbacks, 5 Wide Receivers) who are trending toward a major contract extension in the coming weeks & months.

QUARTERBACKS

Top Metrics
Average Salary: $55M (Burrow)
Total Guarantee: $219M (Burrow)*
Guarantee at Sign: $146.5M (Burrow)*
3-Year Cash: $156M (Jackson)

*excluding Deshaun Watson

Dak Prescott, 30, Cowboys

Dak is entering the final year of his 4 year contract in Dallas, set to earn $34M for the upcoming season. He holds a no-trade clause, a no-tag clause, and the Cowboys are set to take on a $40.46M dead cap hit next March once his contract voids. Furthermore, all 3 QBs currently on the roster are set to become unrestricted free agents after 2024, putting Dallas’ future at the position in complete question right now. Dak Prescott nearing free agency with maximum leverage? Stop me if you’ve heard this story before. 4 years, $225M.
Calculated Value | Current Contract

Jordan Love, 25, Packers

Now officially eligible for an extension (there was a clause restricting him until May 2nd), the Packers are almost certain to lock in their QB1 before the start of training camp. Love is set to earn $11M for the upcoming season as it currently stands. Adding another 4 years, & $200M to that number seems to make a lot of sense.
Calculated Value | Current Contract

Tua Tagovailoa, 26, Dolphins

Tua is entering his 5th season in Miami, set to earn a fully guaranteed $23.17M option salary for the upcoming season. He put together his best season to date last year by a country mile, placing him on a 4 year, $198M extension valuation. It seems highly unlikely that the Dolphins get a signature on anything less than $50M per year however.
Calculated Value | Current Contract

Jared Goff, 29, Lions

Goff completed over 67% of his passess for the 3rd time in the past 4 seasons, and is set to earn $27.3M through the final year of his contract in Detroit. The Lions appear poised to lock in all of their core pieces this offseason, and have already started that process with WR Amon-Ra St. Brown & OL Penei Sewell. Goff doesn’t have the 2-year production to mathematically value into the high-40s or 50s, but a 4 year, $160M extension has to be considered a foundation point for this discussion.
Calculated Value | Current Contract

Trevor Lawrence, 24, Jaguars

Despite inconsistent production through his first 3 NFL seasons, reports state that the Jaguars have already begun serious extension negotiations with Lawrence and his camp. The #1 overall pick is now fully guaranteed $31.3M across the next two seasons, but projects toward a 6 year, $278M extension in our system currently.
Calculated Value | Current Contract

WIDE RECEIVERS

Top Metrics
Average Salary: $32M (Brown)
Total Guarantee: $84M (Brown)
Guarantee at Sign: $52.5M (Hill)
3-Year Cash: $80M (Brown)

Justin Jefferson, 25, Vikings

The modern-day GOAT now knows who the next QB in Minnesota will be. Is a historic extension for JJ next on the Vikings’ to-do list? It’s perfectly plausible that Jefferson and his camp would rather wait for CeeDee Lamb and/or Ja’Marr Chase to lock in their own deals before finalizing his own numbers, but neither of those scenarios seem close to their respective finish lines. Adding 4 years and $140M to his current $19.7M guaranteed salary for 2024 seems like a logical floor here.
Calculated Value | Current Contract

CeeDee Lamb, 25, Cowboys

With A.J. Brown’s extension now on the books ($32M per year, $84M guaranteed), it stands to reason that Justin Jefferson will push the non-QB contract at or over $35M per year, approaching $100M practically guaranteed. The bad news for Jerry Jones & Co? CeeDee Lamb’s production across the board over the past two years is nearly identical to Jefferson - and he’s remained healthier over that span as well. It’s perfectly plausible that Lamb approaches the $35M per year mark in the coming weeks.
Calculated Value | Current Contract

Ja’Marr Chase, 24, Bengals

While much of the focus in Cincinnati has gone to Tee Higgins and his unsigned franchise tag, Chase (the reason Higgins has a tag and not an extension), has now been extension eligible for 4 months. Will the Bengals take a page out of Philly’s book and rush to extend their core weapon this summer, or will they balance out Chase’s value salary ($4.8M) against Higgins’ tag ($21.8M), then look to re-up Ja’Marr next offseason? Waiting is a dangerous game at this position right now. Chase projects toward a 3 year, $90M extension in our system.
Calculated Value | Current Contract

Brandon Aiyuk, 26, 49ers

The trade rumors are (reportedly) dead for now, so we’ll return our focus to what an extension for Aiyuk in San Francisco could resemble. The former #25 overall pick has shared a lot of targets with the likes of Deebo, George, & Christian over the past 4 seasons, but has still managed to average 77 catches, 1200 yards, and 8 TDs annually since 2022. He’s a classic case of a player who is ready to explode with more opportunity, and is certainly seeking a contract that reflects that. On our books, Aiyuk projects toward a 4 year, $106M extension.
Calculated Value | Current Contract

Tee Higgins, 25, Bengals

Higgins has (unsurprisingly) yet to sign his $21.8M franchise tag, and the Bengals haven’t made his camp a multi-year offer in quite some time, so the likelihood of something getting done by the July 15th deadline seems slim for now. He’s a 5 year, $100M player in our system, and Michael Pittman Jr.’s $23.3M per year deal seems a likely “reach” deal at the moment.
Calculated Value | Current Contract

Michael GinnittiMay 02, 2024

With the deadline to decide on 5th-Year Options for 2021 1st round draft picks now passed, we'll dig out a few notable notes from the final results. Of Note: Any 5th-year option that has been exercised here immediately becomes fully guaranteed for the 2025 season. Any player who has had their option declined is now scheduled for unrestricted free agency next March (barring an extension or tag).

Related: NFL Draft Contract Tracker

Without question, the biggest takeaway from this class has to be the lack of success surrounding the QB class. Of the 5 quarterbacks selected in the 2021 1st Round, four have been both traded - and subsequently had their 2025 option salary declined. Only Trevor Lawrence, the #1 overall selection, saw his option exercised, guaranteeing him $25.664M in 2025.

Three players avoided the option decision by agreeing to contract extensions in recent weeks:
- OL Penei Sewell, 4 years, $112M
- WR DeVonta Smith, 3 years, $75M (Philly exercised the option as part of the extension)
- WR Rashod Bateman, 2 years, $12.8M (didn't qualify for an option due to lack of accrued service time)

In total, 18 players had their option exercised (including 2 that were exercised immediately prior to an extension), and 12 players had their option declined. 6 of the Top 10 draft picks were exercised (2 extended, 2 declined).

Odd Fun Fact: This is the 2nd straight offseason that the #2 & #3 overall selections had their 5th-year options declined (Zach Wilson/Trey Lane this year, Chase Young/Jeff Okudah last year).

2021 1st Round 5th-Year Option Decisions

PICK PLAYER TEAM POS OPTION DECISION
1 Trevor Lawrence JAC QB $25,664,000 Exercised
2 Zach Wilson DEN QB $22,408,000 Declined
3 Trey Lance DAL QB $22,408,000 Declined
4 Kyle Pitts ATL TE $10,878,000 Exercised
5 Ja'Marr Chase CIN WR $21,816,000 Exercised
6 Jaylen Waddle MIA WR $15,591,000 Exercised
7 Penei Sewell DET RT $19,040,000 Extended
8 Jaycee Horn CAR CB $12,472,000 Exercised
9 Patrick Surtain II DEN CB $19,802,000 Exercised
10 DeVonta Smith PHI WR $15,591,000 Extended
11 Justin Fields PIT QB $25,664,000 Declined
12 Micah Parsons DAL ILB $21,324,000 Exercised
13 Rashawn Slater LAC LT $19,040,000 Exercised
14 Alijah Vera-Tucker NYJ G $15,313,000 Exercised
15 Mac Jones JAC QB $25,664,000 Declined
16 Zaven Collins ARI LB $13,251,000 Declined
17 Alex Leatherwood   RT   N/A
18 Jaelan Phillips MIA DE $13,251,000 Exercised
19 Jamin Davis WAS LB $14,483,000 Declined
20 Kadarius Toney KC WR $14,435,000 Declined
21 Kwity Paye IND DE $13,387,000 Exercised
22 Caleb Farley TEN CB $12,472,000 Declined
23 Christian Darrisaw MIN T $16,037,000 Exercised
24 Najee Harris PIT RB $6,790,000 Declined
25 Travis Etienne JAC RB $6,143,000 Exercised
26 Greg Newsome CLE CB $13,377,000 Exercised
27 Rashod Bateman BAL WR $14,435,000 Extended
28 Payton Turner NO DE $13,387,000 Declined
29 Eric Stokes GB CB $12,472,000 Declined
30 Greg Rousseau BUF DE $13,387,000 Exercised
31 Odafe Oweh BAL OLB $13,251,000 Exercised
32 Joe Tryon TB OLB $13,251,000 Declined
Scott AllenApril 26, 2024
Michael GinnittiApril 23, 2024

Is it commonplace for big name NFL players to be traded leading up to the NFL draft? Not necessarily, but the trade has become a much more expansively used tool across recent NFL offseasons. We’ve seen high profile players moved just minutes after the start of the new league year, shortly after the first wave of free agency, as voluntary workouts have been set to begin, and even as teams broke camp late in the summer - so why not this week as well?

Spotrac takes a look at 5 players rumored to be on the trade block right now, including financial ramifications associated with a potential move.

Brandon Aiyuk (WR, 49ers)

Aiyuk’s contract dispute has been made public, putting his future in San Francisco very much in question. The 26-year-old is set to play out a fully guaranteed $14.1M option salary for 2024, with his eyes set on DeVonta Smith’s recent $25M per year extension in Philadelphia. There are more than a few teams on speed dial here.

Courtland Sutton (WR, Broncos)

Sutton has made it clear that his wish is to stick around for the next iteration of Broncos football, but wants to be paid accordingly to do so. If the two sides remain far apart this week, look for Denver to dangle Sutton and his 2 year, $27.6M remaining contract on the block. A draft week trade would leave behind $7.65M of dead cap to the Broncos, freeing up $9.7M of space.

Patrick Surtain II (CB, Broncos)

Denver exercised a $19.8M option for 2025, putting Surtain on a 2 year, $23.3M guarantee. This doesn’t change their ability to shop the All-Pro cornerback at the draft, a move that could hand them a much needed package of draft capital for the long weekend. If Denver is willing to meet Surtain’s extension asking price (likely north of $21M per year, $70M guaranteed), a trade this spring could be in the cards. The Broncos would take on a $3.1M dead cap charge should a trade come to fruition, freeing up $3.5M of 2024 space.

Budda Baker (S, Cardinals)

Entering a contract year in Arizona, Baker is set to earn $14.6M against a $19M+ cap hit in 2024. He’s locked in as the starting free safety right now, but the right return package could force Arizona to take on much needed draft picks. A draft week trade would leave behind $3.925M of dead cap to the Cardinals, freeing up $15.1M of space.

Marshon Lattimore (CB, Saints)

The Saints processed a conversion maneuver on Lattimore’s contract that moved $13.8M of salary into an option bonus that doesn’t vest until a week before the regular season. In other words - they bought themselves time to figure out how to proceed here. There’s still $31M of dead cap to deal with here, so a trade after June 1st makes the most business sense, but if an opportunity arises to pick up a few draft picks this week, crazier things have happened. The current contract carries 3 years, $51.5M on it, but just 1 year, $15M for practical purposes.

Honorable Mention: Tee Higgins (WR, Bengals)
All signs point to Higgins playing out 2024 on the $21.8M franchise tag. But a late pre-draft offer not unlike what Tennessee agreed to when A.J. Brown was moved to Philly could certainly change this line of thinking.

Michael GinnittiApril 22, 2024

With 4-6 potential quarterbacks projected to join new teams this Thursday, Spotrac takes a snapshot look at the contract statuses for every team's current QB room.

Arizona Cardinals

Kyler Murray: 5 years, $196.6M total; 4 years, $150M practical
Releasable: 2027-28 Tradable: Now

Desmond Ridder: 2 years, $2.6M (non-guaranteed)

Clayton Tune: 3 years, $3.1M (non-guaranteed)

Atlanta Falcons

Kirk Cousins: 4 years, $180M; 2 years, $100M practical

Taylor Heinicke: 1 year, $2.5M ($1.3M guaranteed)

Baltimore Ravens

Lamar Jackson: 4 years, $180M; 3 years, $128M practical
Releasable: After 2026; Tradable: After 2025

Malik Cunningham: 1 year, $915k

Josh Johnson: 1 year, $1.3M ($1.1M guaranteed)

Buffalo Bills

Josh Allen: 5 years, $189.5M; 2 years, $69.5M practical
Releasable: After 2025; Tradable: After 2024

Mitchell Trubisky: 2 years, $5.25M; 1 year, $2.75M practical

Shane Buechele: 1 year, $1M ($40k guaranteed)

Carolina Panthers

Bryce Young: 3 years, $12.6M, guaranteed (+ 2027 option)

Andy Dalton: 1 year, $4M ($2M guaranteed)

Chicago Bears

#1 Pick: 4 years, $40M, guaranteed (+ 2028 option)

Tyson Bagent: 2 years, $2M (non-guaranteed)

Brett Rypien: 1 year, $1.1M (non-guaranteed)

Cincinnati Bengals

Joe Burrow: 6 years, $264.5M; 4 years, $173.5M practical
Releasable: After 2027; Tradable: After 2025

Jake Browning:  1 year, $915k

Cleveland Browns

Deshaun Watson: 3 years, $138M, guaranteed
Releasable: N/A; Tradable: Now

Jameis Winston: 1 year, $4M, guaranteed

Dorian Thompson-Robinson: 3 years, $3.1M (non-guaranteed)

Tyler Huntley:  1 year, $1.3M ($470k guaranteed)

Dallas Cowboys

Dak Prescott: 1 year, $34M ($5M guaranteed)

Trey Lance: 1 year, $5.3M, guaranteed (+2025 option)

Cooper Rush: 1 year, $2.25M (non-guaranteed)

Denver Broncos

Jarrett Stidham: 1 year, $6M ($2M guaranteed)

Zach Wilson: 1 year, $2.7M, guaranteed (+2025 option)

Ben DiNucci: 1 year, $985k

Detroit Lions

Jared Goff: 1 year, $27.3M ($5M guaranteed)

Hendon Hooker: 3 years, $3.8M (non-guaranteed)

Nate Sudfeld: 1 year, $1.2M ($300k guaranteed)

Green Bay Packers

Jordan Love: 1 year, $11M (guaranteed)

Sean Clifford: 3 years, $3.1M (non-guaranteed)

Alex McGough: 1 year, $915k

Houston Texans

C.J. Stroud: 3 years, $12.1M, guaranteed (+2027 option)

Case Keenum: 1 year, $3M ($1M guaranteed)

Davis Mills: 1 year, $3.1M (non-guaranteed)

Tim Boyle: 1 year, $1.1M (non-guaranteed)

Indianapolis Colts

Anthony Richardson: 3 years, $11.4M, guaranteed (+2027 option)

Joe Flacco: 1 year, $4.5M (guaranteed)

Sam Ehlinger: 1 year, $1M (non-guaranteed)

Jacksonville Jaguars

Trevor Lawrence: 1 year, $5.6M, guaranteed (+2027 option)

Mac Jones: 1 year, $2.7M, guaranteed (+2027 option)

C.J. Beathard: 1 year, $1.9M (non-guaranteed)

Kansas City Chiefs

Patrick Mahomes: 8 years, $361.5M; 4 years, $205.4M practical
Releasable: After 2025; Tradable: Now

Carson Wentz: 1 year, $3.3M ($2.2M guaranteed)

Ian Book: 1 year, $985k

Chris Oladokun: 1 year, $805k

Las Vegas Raiders

Aidan O'Connell: 3 years, $3.1M (non-guaranteed)

Gardner Minshew: 2 years, $25M ($15M guaranteed)

Anthony Brown: 1 year, $915k

Los Angeles Chargers

Justin Herbert: 6 years, $279.1M; 5 years, $228.6M practical
Releasable: After 2026; Tradable: After 2026

Easton Stick: 1 year, $2.6M ($1.4M guaranteed)

Max Duggan: 1 year, $795k

Los Angeles Rams

Matthew Stafford: 3 years, $94M; 1 year, $41M practical
Releasable: After 2024; Tradable: Now

Jimmy Garoppolo: 1 year, $3.1M ($3M guaranteed)

Stetson Bennett: 3 years, $3M (non-guaranteed)

Dresser Winn: 2 years, $1.7M (non-guaranteed)

Miami Dolphins

Tua Tagovailoa: 1 year, $23M (guaranteed)

Mike White: 1 year, $3.5M (non-guaranteed)

Skylar Thompson: 2 years, $2M (non-guaranteed)

Minnesota Vikings

Sam Darnold: 1 year, $10M ($8.75M guaranteed)

Nick Mullens: 1 year, $1.9M (non-guaranteed)

Jaren Hall: 3 years, $3M (non-guaranteed)

New England Patriots

#3 Overall Pick: 4 years, $36M, guaranteed (+2028 option)

Jacoby Brissett: 1 year, $8M ($6.5M guaranteed)

Bailey Zappe: 1 year, $985k

Nathan Rourke: 1 year, $915k

New Orleans Saints

Derek Carr: 3 years, $120M; 1 year, $40M practical
Releasable: After 2024; Tradable: Now

Nathan Peterman: 1 year, $1.3M ($80k guaranteed)

Jake Haener: 3 years, $3.1M (non-guaranteed)

Kellen Mond: 1 year, $985k

New York Giants

Daniel Jones: 3 years, $114M; 1 year, $36M practical

Drew Lock: 1 year, $5M (guaranteed)

Tommy DeVito: 1 year, $915k

New York Jets

Aaron Rodgers: 2 years, $75.6M; 1 year, $38.1M practical

Tyrod Taylor: 2 years, $12M ($8.5M guaranteed)

Philadelphia Eagles

Jalen Hurts: 5 years, $235M; 4 years, $184M practical
Releasable: After 2027; Tradable: Next Summer

Kenny Pickett: 2 years, $4.6M, guaranteed (+2026 option)

Will Grier: 1 year, $1.1M (non-guaranteed)

Tanner McKee: 3 years, $3.1M (non-guaranteed)

Pittsburgh Steelers

Russell Wilson: 1 year, $1.21M (guaranteed)

Justin Fields: 1 year, $3.2M, guaranteed (+2025 option)

Kyle Allen: 1 year, $1.3M ($167k guaranteed)

San Francisco 49ers

Brock Purdy: 2 years, $2M (non-guaranteed)

Joshua Dobbs: 1 year, $2.2M (guaranteed)

Brandon Allen: 1 year, $2M ($700k guaranteed)

Seattle Seahawks

Geno Smith: 2 years, $47.5M; 1 year, $22.5M practical

Sam Howell: 2 years, $2M (non-guaranteed)

Tampa Bay Buccaneers

Baker Mayfield: 3 years, $100M; 1 year, $40M practical

John Wolford: 1 year, $1.3M ($400k guaranteed)

Kyle Trask: 1 year $1.4M (non-guaranteed)

Tennessee Titans

Will Levis: 3 years, $4.85M ($4M guaranteed)

Mason Rudolph: 1 year, $2.8M ($2.7M guaranteed)

Malik Willis: 2 years, $2.5M (non-guaranteed)

Washington Commanders

#2 Overall Pick: 4 years, $37M, guaranteed (+2028 option)

Marcus Mariota: 1 year, $6M ($5.4M guaranteed)

Jeff Driskel: 1 year, $1.1M (non-guaranteed)

Jake Fromm: 1 year, $985k

Michael GinnittiApril 03, 2024

The Bills pulled a (mild) April stunner in agreeing to trade WR1 Stefon Diggs to the Houston Texans, sending a somewhat settled NFL world back into a bit of a frenzy. Buffalo also attached a 2025 5th round pick, & a 2024 6th round pick to Diggs in the move, acquiring a 2025 2nd round pick as the lone asset coming back. The trade comes loaded with impacts from every angle, and we’ll dive into them all here.

Initial Thoughts

One of the larger reasons many assumed Diggs’ role with Buffalo was secure for the 2024 season was his $31.096M trade dead cap figure. This number is comprised of three years of unallocated signing bonus proration, 4 years of unallocated option bonus proration, & 4 years of unallocated salary conversion proration. In other words, this isn’t a number that the Bills can have another team “pay down” for them in any manner. Buffalo has paid these three bonuses to Stefon Diggs, and must now take on the subsequent salary cap for it.

Had this trade been processed after June 1st, Buffalo could have split this $31M figure up into $8.84M for the upcoming 2024 season, then $22.2M for the 2025 campaign. But there are two reasons the Bills opted not to go this route:

First, the 2024 NFL draft is just 22 days away, and it’s loaded with highly projected WR talent. Adding a 2nd round pick to their arsenal now bolsters their ability to move around as needed to ensure they lock in a viable addition to the WR room going forward.

Second, Bills GM Brandon Beane has been fairly transparent in using the word “reset” in regards to the 2024 season. Some have taken this to mean that the Bills no longer consider themselves viable contenders, but the word can & should also be applied to the financial side of the Bills’ process. Buffalo has been outspoken about offering more than few of their core players “pay cut or else” ultimatums this offseason. A few have bought in (Von Miller, Rasul Douglas, Dawson Knox), while others have fallen off of the roster (Mitch Morse, Deonte Harty, Jordan Poyer). Taking the $31M hit all in 2024 coincides with Buffalo’s plan to purge on the fly, opening up 2025 to be a much more aggressive “buyers” window for them.

Financial Impact to Buffalo

Diggs’ $31.096M dead cap hit for 2024 means the Bills took a $3.2M cap loss in processing this trade. It also represents the largest single-season dead cap hit by any non QB, and the 6th biggest in NFL History.

Largest Single Season Dead Cap Hits

  • Russell Wilson, $53M
  • Matt Ryan, $40.5M
  • Aaron Rodgers, $40.3M
  • Tom Brady, $35.1M
  • Carson Wentz, $33.8M
  • Stefon Diggs, $31M

The dead hit also represents the largest cap hit on the current 2024 Bills Salary Cap Table, surpassing Josh Allen’s $30.3M number.

With all this said, the Bills immediately free up $27.3M of 2025 cap space per this move, not to mention shedding $19M of cash set to be paid out to Diggs for the upcoming 2024 season. The Bills now head toward the draft with around $4M of Top 51 cap space. They’ll open up another $10.2M of room on June 2nd after CB Tre’Davious White’s Post June 1st Designation fully processes.

In total, Buffalo paid Stefon Diggs $78.9M for 4 years of service, reeling in 445 catches (37 touchdowns) in 66 regular season games for the Bills.

Financial Impact to Houston

The Texans acquire Diggs with 4 years, $75M remaining on his current contract, but only $18.5M (all in 2024) is fully guaranteed right now. The deal very much becomes year-to-year after the upcoming season, and if the worst case scenario unfolds over the next calendar year, Houston can walk away from the contract taking on zero dead cap next March (assuming no salary cap conversions are processed on the 2024 salary).

Stefon Diggs Traded Contract
2024: $19.005M ($18.5M guaranteed)
2025: $18.505M ($3.5M guarantees next March)
2026: $19.6M
2027: $18M

Digg’s $19M cap hit becomes Houston’s 2nd largest figure for the upcoming season, behind only OT Laremy Tunsil’s $25.8M number.

Houston sees its Top 51 cap space drop down to around $12M with the acquisition of Diggs, making it likely that they’ll process a salary conversion or two (or move on from a contract or two) in the coming weeks. 

The Free Agent Wide Receiver Market

Is there a viable replacement for Stefon Diggs left in free agency? No. But there are at least a name or two worth staring at until your eyes cross.

Odell Beckham Jr, Tyler Boyd, Michael Gallup, Hunter Renfroe, Michael Thomas, Marquez Valdes-Scantling: Full List of Available WRs

The Wide Receiver Trade Market

Tee Higgins (CIN, 25)

Easily the “best” option reportedly available, but it seems highly unlikely that the Bengals would accept any offer here that bolstered Buffalo’s chances. It’s not impossible, but it seems close. We’ve got Higgins on a 4 year, $104M extension right now.

Allen Lazard (NYJ, 28)

Not exactly what the Bills need in terms of fit, and the fully guaranteed $10M salary for 2024 certainly doesn’t help. This doesn’t feel like a move any NFL team will be rushing to make.

Brandon Aiyuk (SF, 26)

Now we’re onto something. Nobody outside of the Niners front office really knows just how real the exit rumors this offseason are. Aiyuk may be looking for a larger role and subsequently a better extension offer, but San Francisco isn’t obligated to make a move if they don’t want to. For now, he carries a $14.1M fully guaranteed option salary in 2024 (far more salary cap than the Bills can acquire at the moment). Would that 2025 2nd round pick be enough to peak San Fran’s interest? Spotrac puts Aiyuk on a 4 year, $96M extension at the moment.

Concluding Thoughts

One of the bigger takeaways here isn’t so much the teams or people involved, but rather the numbers attached to this transaction. Would the Bills have pulled this trigger if the league salary cap hadn’t ballooned even more than front offices were expecting it to?

The fact is, the health of the league, and savviness of NFL GMs & salary cap manager, & the recent bolstered depth of NFL draft classes (especially at the WR position), have afforded teams the ability to stretch their limits with situations like this. 5 years ago, this trade isn’t even a thought from the team’s perspective.

Furthermore, Buffalo’s “reset” plan for the 2024 season is an indication that Brandon Beane is serious about not wanting to run his franchise in a true “continually push cap down the line” manner. He’s shown us in certain instances that he’ll convert a salary or two to make a move work in his favor - but the teams that truly make conversions their lifeline (Philly, New Orleans) simply never have an offseason like the Bills are going through right now.

If the Bills can remain relevant in the AFC (or even the division), it’ll be another checkmark next to this roster construction template on the list, showing that dead cap isn’t something to be ashamed of (in all cases), rather a signal that change is necessary, and that making more correct decisions than incorrect ones can keep a team “in the window” - despite what the masses may outwardly state.

Michael GinnittiMarch 14, 2024

The first 24-48 hours of the NFL Free Agent Frenzy is always a whirlwind, and with it come a flurry of contract reports. Now that the dust has settled a bit, we’ll dive into every free agent contract with a total value of at least $30M, detailing the guaranteed portion of the deal, and a more practical set of terms for each.

Kirk Cousins (QB, Falcons)

4 years, $180,000,000

The largest total value contract in free agent history comes with $100M guaranteed, $90M at signing, and $62.5M cash in 2024. It’s a 2 year, $100M contract out of the gate, with 3 years, $135M in place for practical purposes. Early $10M roster bonuses in 2026 & 2027 offer early payment or team decision making at the back end of this contract. At $45M per year, Cousins is now the 8th highest average paid QB, while his $100M guaranteed ranks 12th.

Christian Wilkins (DT, Raiders

4 years, $110,000,000

Wilkins joins the Raiders on $57.5M fully guaranteed at signing (2nd among DTs), with another $25.25M set to lock in next March. This is a 3 year, $84.25M contract for practical purposes, with no early vesting guarantee or roster bonus in the final 1 year, $25.75M. The deal makes Wilkins the 3rd highest average paid interior defender.

Robert Hunt (G, Panthers)

5 years, $100,000,000

Carolina spent big to bolster their offensive line this week, handing Hunt $44M fully guaranteed at signing, with another $10M set to lock in next March. Technically the Panthers could walk away from this contract after 2 years, $54M, but a 3 year, $63M outcome is much more practical. The final 2 years, $37M are extremely fluffy, offering no early vesting guarantee or roster bonus. Hunt is now tied as the 3rd highest average paid guard in football, while his $63M of practical guarantee is most all-time at the position.

Calvin Ridley (WR, Titans)

4 years, $92,000,000

Ridley secures $46.9M fully guaranteed at signing through the 2025 season, and $3M of his 2026 compensation locks in next March. In this regard, there's a world where Tennessee buys him out in March of 2026 at 2 years, $50M, but it's more practical that Ridley sees 3 years, $69.75M on this deal. This becomes far & away the largest free agent WR contract to post this offseason.

Jonathan Greenard (DE, Vikings)

4 years, $76,000,000

Following an outstanding walk season in Houston, Greenard attempts to fill the shoes vacated by Danielle Hunter in Minnesota. Early reports tag a $42M full guarantee on this contract, but the full structure has not yet been announced. The $19M per year average currently ranks 16th among edge defenders.

Xavier McKinney (S, Packers)

4 years, $67,000,000

As with nearly all Packers’ contracts, McKinney’s only upfront guarantee stems from a $23 million signing bonus. The 24-year-old gets over $25M cash in 2024, but the remaining 3 years, $42M becomes a year-to-year decision for Green Bay. $8.5M March roster bonuses in each of 2025 & 2026 offer a little stability in the next few offseasons. At $16.75M per year, McKinney’s contract makes him the 5th highest average paid safety in football.

Leonard Williams (DE, Seahawks)

3 years, $64,500,000

Williams returns to Seattle at a reported $43.85M guarantee, though just $26.15M of that is fully guaranteed at signing. While it’s highly likely that the 30-year-old sees at least 2 years, $47.85M out of this new deal, it’s possible for Seattle to walk away after just 1 year, $27M. 

Mike Onwenu (G, Patriots)

3 years, $57,000,000

The Patriots retained their 2020 6th round pick for at least another 2 years, $39.5M. $36.5M of that is fully guaranteed at signing, leaving 1 year, $17.5M of “fluff” on the back end of this contract. At $19M per year, Onwenu is now the 5th highest average paid guard in football, while his $36.5M of full guarantee chimes in at 8th overall.

Damien Lewis (G, Panthers)

4 years, $53,000,000

Lewis joins Carolina on a $26.2M full guarantee through the 2025 season, making the final 2 years, $26M of this contract completely up in the air. At $13.25M per year, the Panthers now have two of the Top 16 average paid & guaranteed guards in football.

Bryce Huff (OLB, Eagles)

3 years, $51,100,000

The Eagles made Huff a Top 20 paid edge defender on this 3 year contract that reportedly includes $34M fully guaranteed. Full details aren’t yet available, but a double bonus structure 2 year guarantee seems to fit the Philly bill here.

Jonah Jackson (G, Rams)

3 years, $51,000,000

Jackson secures $25M fully guaranteed at signing, which includes half of his 2025 compensation. The other half locks in next March, setting him up for 2 years, $34M for practical purposes. The final $17M on this deal is up in the air, though an $8M March 2026 roster bonus helps push things along. At $17M per year, Jackson is the 10th highest average paid guard in football.

Arik Armstead (DE, Jaguars)

3 years, $51,000,000

Armstead was designated a Post June 1st release by San Francisco this week, but wasted no time locking in a healthy deal elsewhere. Full details are still TBD, but it’s safe to assume there’s a near $35M guarantee on this contract.

Lloyd Cushenberry (C, Titans)

4 years, $50,000,000

Cushenberry represents a solid upgrade to the middle of Will Levis’ line, securing $26M fully guaranteed at signing, with another $4M locking in next March. It's a 2 year, $30M contract from the onset, with 2 years, $20M up in the air thereafter. Cushenberry now ties for the 4th largest average salary among centers, while his $30M practically guaranteed ranks 2nd.

Danielle Hunter (ED, Texans)

2 years, $49,000,000

One of the strongest deals to hit the books this week, Hunter secured $48M fully guaranteed over the next 2 seasons. Only a pair of annual $500,000 per game active bonuses set him apart from a fully guaranteed contract here. The 30-year-old will see $29.5M cash this year, & $19.5M in 2025.

Josh Jacobs (RB, Packers)

4 years, $48,000,000

Aaron Jones out, Josh Jacobs in, and in true Packers fashion, it’s a 1 year guarantee, plus three years of we’ll see. Jacobs secures a $12.5M signing bonus, and $14.8M total in 2024. The remaining 3 years, $33.2M of this contract go year-to-year, though an early March roster bonus ($5.9M) likely secures this deal as 2 years, $23M - but it doesn’t have to. The $12M APY on this contract makes Jacobs the 6th highest average paid running back.

Patrick Queen (LB, Steelers)

3 years, $41,000,000

The first real head-scratcher on the list. Queen was the top off-ball linebacker on the open market, putting up a huge season alongside Roquan Smith in Baltimore. He joins linebacker U on essentially a 1 year, $13.84M contract (as the Steelers do not guarantee future salary in their contracts). The remaining 2 years, $27.16M of this contract will be year-to-year. Queen chimes in as the 6th highest average paid off-ball linebacker with this deal.

Darnell Mooney (WR, Falcons)

3 years, $39,000,000

Mooney leaves Chicago for Atlanta to begin the Kirk Cousins regime. The former 5th round pick secures $26M fully guaranteed at signing on this contract, making the next 2 years, $27M a virtual lock. The remaining 1 year, $11.98M for 2026 is up in the air. Mooney ties Gabe Davis as the 22nd highest average paid WR with this deal.

Gabriel Davis (WR, Jaguars)

3 years, $39,000,000

Despite identical terms, Davis secured $2M less guaranteed, & $1M less to be earned through 2025 than Darnell Mooney signed for in Atlanta. Still, the Jags may have scored a value signing here, as Davis will step into that WR1B role recently vacated by Calvin Ridley - who just secured $50M guaranteed in Tennessee. Davis’ contract is a 2 for $26M deal, with $13M of fluff.

Grover Stewart (DT, Colts)

3 years, $39,000,000

Stewart returns to the Colts on a $25.7M guarantee, though only $17.9M of that is fully guaranteed at the time of signing. Still, with ? of his 2025 compensation locked in right now, we’ll consider this a 2 year, $26.75M contract for practical purposes, with the remaining $12.25M up in the air. A $13M APY for Stewart ranks him 18th among interior defenders.

Saquon Barkley (RB, Eagles)

3 years, $37,750,000

Barkley secured good money from a good team - a rare win for the running back position on the open market. All of the $24.5M due across the next two seasons is fully guaranteed, and $1.5M of his 2026 salary is locked in at the time of signing as well. It’s a 2 year, $26M fully guaranteed contract for one the higher ceiling playmakers in all of football. The $12.5M APY makes Barkley the 4th highest average paid running back in football.

Chidobe Awuzie (CB, Titans)

3 years, $36,000,000

Awuzie joins a Tennessee team that has been as aggressive as any to start the new league year. He slots in as the projected starting LCB for 2024, scoring $19M fully guaranteed on his new contract. It’s a 2 year, $24M deal for practical purposes, with the remaining $12M (his age 31 season), a veritable option for now. Awuzie’s near $23M practical guarantee ranks 15th among signed cornerbacks.

Azeez Al-Shaair (LB, Texans)

3 years, $34,000,000

The Texans’ new middle linebacker comes in at $21.5M fully guaranteed at signing, including $13M for the upcoming season. It’s a 2 years, $22.5M contract for practical purposes, with the final $11.5M up in the air.

Dorance Armstrong (DE, Commanders)

3 years, $33,000,000

Armstrong & also newly signed Dante Fowler Jr. project to start on the edge of the Commander’s line. The 26-year-old secured $16.1M fully guaranteed at signing, all in 2024, making this a glorified 1 year, $16.8M contract until further notice. Armstrong’s $6M salary for 2025 becomes fully guaranteed next March, so there will be an early decision to be made at that point.

Justin Jones (DT, Cardinals)

3 years, $31,165,000

Jones leaves the Bears for the Cardinals, who hand out an extremely aggressive 79% guarantee at signing on this contract. All of Jones’ 2024 & 2025 salaries are fully guaranteed, as well as $5M of his 2026 salary. If Arizona wants to walk away after 2025, they’ll owe him that $5M as a buyout, securing at the very least, $26.8M of this contract.

Frankie Luvu (LB, Commanders)

3 years, $31,000,000

Luvu & Bobby Wagner should help redefine this Commander’s linebacking core for the upcoming season, with new Head Coach Dan Quinn clearly making it a focal point of the offseason. Washington could make this a 1 year, $15M contract and nothing more if they need, but for practical purposes this should work out to 2 years, $22M at the bare minimum. The remaining $9M on this contract is up for grabs, though $1M of it comes in the form of a March 2026 roster bonus.

Jonah Williams (OT, Cardinals)

2 years, $30,000,000

The Cardinals released longtime OT D.J. Humphries in correspondence with this move, putting Williams and youngster Paris Johnson in line to bookend the O-Line in 2024. Williams secures $19M fully guaranteed at signing, and while Arizona could technically make this a 1 year, $19.61M contract, it's highly likely that he either sees both years of this deal, or is extended out of it after the 2024 season.

Kenny Moore (CB, Colts)

3 years, $30,000,000

The powers that be made it clear that Moore had signed the “largest ever contract for a nickel”, yet still haven’t disclosed the guaranteed figure for the deal. Generally speaking this isn’t a great sign, but crazier things have happened. 

Jon Runyan (G, Giants)

3 years, $30,00,000

Runyan leaves Green Bay on a $17M guarantee with the Giants, including more than half of his 2025 salary. The projected starting right guard for NY should see 2 years, $20.75M out of this contract, with $9.25M up in the air thereafter.

Michael GinnittiMarch 11, 2024

Chris Jones & the Kansas City Chiefs agreed on a blockbuster extension Sunday night that puts to bed any question about his immediate future.

Total Value

At 5 years, $158.75M, this contract becomes the 13th highest total value deal currently on the books in the NFL, sliding in between Daniel Jones’ deal in NY, & Derek Carr’s contract in New Orleans. In terms of non-quarterback contracts however, this contract chimes in 2nd only to Nick Bosa’s $170M blockbuster in San Francisco.

The 5 year term takes Jones through his age 34 campaign,setting this contract up to be a potential career-finisher for the future Hall of Famer.

Average Annual Salary

At $31.75M per year, Chris Jones’ new deal makes him the 18th highest average paid player in the NFL (for a minute). Only Nick Bosa and his mega deal in San Fran surpasses this number right now.

Highest Average Paid Non-QBs

  1. Nick Bosa, $34M
  2. Chris Jones, $31.75M
  3. Aaron Donald, $31.6M
  4. Tyreek Hill, $30M
  5. T.J. Watt, $28M


Only Donald, who was 30 years old at the time of his extension, compares in terms of age when speaking to these numbers. Nick Bosa was 26, T.J. Watt was 27, Tyreek Hill was 27 when they penned their most recent extensions.

Furthermore, the cash flow of this deal is structured to pay out a true $31.7M over the first 3 seasons (the practical portion of this contract). This also aligns with Donald’s deal, who secures $95M over 3 seasons, for a true $31.6M per year.

Nick Bosa’s contract, which comes with a 4 year practical guarantee, drops down to a $30.4M adjusted APY when portioning off this section of the contract.

BONUS STRUCTURE

The Chiefs kept things fairly neat and tidy here. Jones secures a single $30M signing bonus (spread out over the full 5 seasons for salary cap purposes). He then offsets his compensation in both 2025 ($15M) & 2026 ($16M) with early March roster bonuses. These bonuses are highly likely to be converted to signing bonus for cap saving purposes in the weeks leading up to each respective offseason.

Additionally, Chris Jones will secure an extra $100,000 per year by completing the necessary offseason workout programs.

GUARANTEE STRUCTURE

Jones secures an outstanding $60M fully guaranteed at signing on this contract, stemming from a $30M signing bonus, a $1.25M salary in 2024, a $15M roster bonus due next March, and a $13.75M salary for the 2025 season.

Next March, $35M of his 2026 compensation (a $16M roster bonus & $19M salary) will become fully guaranteed. That balance is guaranteed for injury at the time of signing (a not-insignificant for a player in his 30s).

This $95M represents the practical guarantee balance on this contract, spread over the next 3 seasons. The contract also contains an additional $6M of salary guarantee, but Jones must be on the roster in March of 2027 to secure the $3M early vesting lock, then on the roster in March of 2028 to secure another $3M of early guarantee for that upcoming season salary. While these guarantees help in forcing the team to make a decision, they don’t hamper the franchise from being able to move on from the player in that given year, so we don’t treat this $6M as practical guarantee for this reasoning. 

CASH FLOW

Had the Chiefs slapped a franchise tag on Jones this February, it would have accounted for $32.14M (120% of his 2023 compensation). Jones scores a little bit less than this for the upcoming season, set to earn $31.35M in 2024. It’s a small price to pay for another $64M guaranteed thereafter.

Annual Cash Payouts

  1. $31.35M
  2. $28.85M
  3. $35.1M
  4. $28.35M
  5. $35.1M

Cumulative Cash Payouts

  1. $31.35M
  2. $60.2M
  3. $95.3M
  4. $123.65M
  5. $158.75M

The 3-year payout is the number to pay attention to here, as it represents the 2nd most earned across this span for any non-QB in NFL history (Nick Bosa, $98.5M). Jones barely surpasses Aaron Donald’s $95M mark here (not accidentally).

CAP FLOW

Once Chiefs fans see this contract breakdown, only one number will stand out initially: $7.35M. That’s the cap hit for 2024 under these new terms. Well - sort of. Keep in mind that the structure of Jones’ 1-year deal for 2023 came with unlikely to be earned incentives that if met, would need to be accounted for on the Chiefs’ 2024 cap table. That adds an additional $4M to this year’s accounting, meaning Jones technically carries an $11M hit for KC this season.

From there, the numbers jump significantly, starting with a $34.85M cap hit in 2025. However, if the NFL salary cap jumps to $270M in 2025, this hit will only represent around 13% of that balance, a potentially tenable situation for the Chiefs.

Annual Salary Cap Hits

  1. $7.35M
  2. $34.85M
  3. $41.1M
  4. $34.35M
  5. $41.1M

If the contract remains untouched (no cap conversions), KC will hold $12M of dead cap ahead of the 2027 season against a $34.35M cap hit, offering up $22M of potential savings. It should be largely expected that the team converts some of Jones’ future compensation (possibly only the roster bonuses) into signing bonus to aid in roster construction over the next 2 seasons.

CONCLUDING THOUGHTS

All of Spotrac’s predictions & analysis surrounding this contract chimed in at 3 year deals. It’s important to remember that while this contract is posted as a 5 year deal, it’s essentially a 3 year, $95M contract for practical purposes.

With that said, Jones has surpassed all expectations of a “team-friendly” “compromising” contract to remain in Kansas City. Aaron Donald’s deal, based on both age, production, & leverage, was long considered a bit of a 1 of 1 across the league. Does Jones deserve to surpass him in all regards financially speaking?

Yes. Even if the numbers on the stat line or the analysis from PFF don’t necessarily back it up - the finances of the NFL do. When Aaron Donald signed his extension in Los Angeles, the league salary cap was $208.2M. This means Donald’s $31.6M APY represented a 15.1% allocation of the league cap at the time of signing. Fast forward to 2024, and Jones’ $31.75M only represents 12.5% of the upcoming $255.4M league cap.

This is why NFL contracts keep forging forward. Players don’t necessarily have to produce (or even contain ceilings that could see them potentially producing) at the highest level of their respective position group. Math matters, and in the case of Chris Jones & the Chiefs, longevity, production, a window of contention, & a hell of a money jump across the league - all equaled a monster pay day for #95 going forward.

Michael GinnittiMarch 06, 2024

Buffalo Bills GM Brandon Beane must have had an internal March 6th deadline for many of the “pre-agency” decisions on his plate. In one of the bigger Wednesday News Dumps in recent memory, Buffalo announced 5 outright releases, 1 Post June 1st Designation, a cap conversion, a renegotiated contract, 2 contract extensions, 2 free agent signings, & a partridge in a pear tree.

All told (based on the information we’ve secured right now), the Bills started March 6th with -$41M of cap space, and close up shop significantly closer to cap compliance (details on the Trubisky & Rapp contracts still pending).

A few more cap clearing moves could be in the cards for Buffalo, as we’ve made note of here.

RELEASES ($25.955M cap saved)

Mitch Morse, C

Morse has been the starting center in Buffalo for the past 5 seasons, but the almost 32-year-old was entering a contract year in 2024, set to earn $8.5M against an $11.5M cap hit. His release frees up $8.5M in cap space. League sources have announced that the Bills plan to slide Connor McGovern from guard to center for the upcoming season.

Jordan Poyer, FS

After 7 outstanding seasons in Buffalo’s defensive backfield, Poyer returns to the open market. The almost-33-year-old was set to earn $5.75M against a $7.72M cap hit in 2024, and should have interest in free agency at a slightly less price point. His release clears $5.72M of space for Buffalo.

Nyheim Hines, RB/KR

Hines suffered a season-ending injury off the field last summer, putting his future in Buffalo in peril from that point on. Factor that into a $5M salary/$5.1M cap hit for the upcoming season, and it made the Bills’ decision to take the $4.66M of space fairly easy this winter.

Deonte Harty, WR/KR

The Bills approached Harty about a pay cut to stick around, but the two sides failed to agree on a number. The barely 26-year-old weapon hits the open market with a chance to secure a larger role on his third NFL franchise. Buffalo freed up $4.195M of space per this release.

Siran Neal, S

An important special-team player in Buffalo since 2018, Neal’s $3.4M cap hit for the upcoming season became too rich to carry. The near 30-year-old’s release frees up $2.88M of cap space.

CAP CONVERSION ($2.5M cap saved)

Rasul Douglas, CB

Acquired from Green Bay at last October’s deadline, Douglas made himself an integral piece to Buffalo’s secondary in a short period of time, making him an outside extension candidate this winter. Buffalo instead opted to convert a bit of his base salary ($1.5M) plus a $2M roster bonus into a signing bonus, clearing $2.5M of space when factoring in 3 void years.

RENEGOTIATION ($8.645M cap saved)

Von Miller, DE

In maybe the biggest surprise of the winter thus far, Von Miller appears to have agreed to a significant initial pay cut. The almost-35-year-old carried a $10.71M guarantee into this offseason, & all of his $17.145M base salary for 2024 was set to become fully guaranteed by March 18th. Instead, Buffalo handed Miller a $7M roster bonus (which may be treated as a signing bonus at some point this offseason), lowered his base salary down to $1.5M, and added $11.145M of incentives, offering Miller a chance to earn some of this money back by the end of the year. A breakdown of these not likely to be earned incentives can be found here.

POST JUNE 1ST DESIGNATION

Tre'Davious White, CB

The Bills haven’t formally announced this yet (likely because they can’t formalize this until March 13th), but Buffalo appears poised to designate White a Post 6/1 release. The Bills will carry White’s $16,443,737 cap figure into June, then take on dead hits of $6,234,918 in 2024, & $4,134,918 in 2025. Buffalo will open up $10,208,819 of cap space on June 2nd, just in time to sign a class of draft picks.

FREE AGENT SIGNINGS

Mitchell Trubisky, QB

The Bills carried Trubisky through the 2021 to backup Josh Allen, and appear poised to do the same for the upcoming 2024 campaign. The former #2 overall pick earned $8M in Pittsburgh last season. It’s safe to say his deal in Buffalo won’t approach that, but financial details are still TBD at this moment.

Matt Haack, P

Like Trubisky, Haack was a member of the Bills back in 2021, but has bounced around quite a bit since. Last year punter Sam Martin is set to enter Year 2 of a 3 year, $6M contract, but an outright release this week can free up $1.35M of cap space. It seems likely that’s a move still to come from Buffalo. 

EXTENSIONS

David Edwards, G

Buffalo kept Edwards off of the open market on a 2 year, $6M contract that includes $2.95M guaranteed (all in 2024). The 27-year-old will compete for a starting guard spot on this O-Line, and can increase his 2024 pay (and 2025 salary) by $1.25M based on unspecified playing time incentives. Edwards stands to count $2.31M against the Bills' 2024 cap, which could be excellent value if he wins the starting left guard role.

Taylor Rapp, S

With much of the secondary on their way to the open market (or retirement) this winter, Buffalo secured one important piece, bringing back Rapp on a 3 year contract that can reportedly max out at $14.5M. Spotrac had him valued at $5.5M per year. Full breakdown coming soon.

RELATED

Michael GinnittiMarch 06, 2024

Nine players were handed a tag ahead of the 2024 league year, including 1 (rare) transition tender. Spotrac details each player’s current offer, potential future outcome, & projected long-term extension. As a reminder, teams now have until July 15th to come to terms on a multi-year extension with these players. If no deal is completed, the player must play on a 1 year contract for the 2024 season (though not necessarily at the value of the tag).

RELATED
NFL Franchise Tag Tracker
NFL Transition Tag Tracker
NFL Free Agency Tracker

Tee Higgins (WR, Bengals)

2024 Tag: $21,816,000
The Bengals now have Higgins and Ja’Marr Chase on the books at $31.6M of combined cap in 2024. An extension for Chase likely increases his ($9.8M) cap figure. An extension for Higgins most certainly lowers his tag hit in 2024. Are either likely in the coming months? Spotrac projects big numbers for both.

Michael Pittman Jr. (WR, Colts)

2024 Tag: $21,816,000
Pittman’s tag immediately becomes the 3rd highest cap hit on an up and coming Colts roster. Indy still rolls toward the league year with around $53M of Top 51 cap space - even after accounting for this franchise tender. Spotrac projects a 4 year, $100M extension for the 26-year-old this summer.

Justin Madubuike (DT, Ravens)

2024 Tag: $22,102,000
Talk about peaking at the right time. Madubuike entered 2023 with 8.5 sacks combined over his first three seasons. He posted 13 sacks, 15 tackles, and 2 forced fumbles last year, setting himself up for a top of the market interior defender contract. Mathematically speaking, that looks like a 4 year, $82M deal in our system right now.

Brian Burns (OLB, Panthers)

2024 Tag: $24,007,000
Burns’ $24M tag represents the 2nd highest cap hit on Carolina’s books right now (Taylor Moton, $29.7M). Burns is the type of player you’d love to build a defense around, but are they starting the entire process over again? He’s a 4 year, $88M player in our system, but that might be another team’s contract to sign if a tag+trade is in the works.

Josh Allen (OLB, Jaguars)

2024 Tag: $24,007,000
The Jags are in for another major facelift on the defensive side of the ball, but keeping Allen as the centerpiece appears to be in their plans as well. Mathematically speaking, the #7 overall pick is a $24M per year player (aligning with the tag value), but it stands to reason that a deal in the $27M per year range makes sense. 5 years, $135M ($95M guaranteed).

L'Jarius Sneed (CB, Chiefs)

2024 Tag: $19,802,000
The Chiefs haven’t been shy about where this is likely headed. Sneed was always destined for the tag this winter, and will now explore trade options in an effort to give KC the best possible outcome in losing such a valuable player. Trade buyer beware though, because he’ll be requiring a top of the market CB contract upon arrival. Something in the 5 year, $95M ($65M guaranteed) range sounds about right.

Jaylon Johnson (CB, Bears)

2024 Tag: $19,802,000
It seems as though Johnson & the Bears have been close in their discussions, but offers in the $15M-$16M per year range likely need to inflate into the $18M+ conversations with the tag number where it is. The Bears are trying to build a winner quickly. Keeping a talented CB1 in the fold, and happy, seems a priority here. 5 years, $90M ($60M guaranteed).

Antoine Winfield Jr. (S, Buccaneers)

2024 Tag: $17,123,000
Winfield Jr. can do everything, and should be paid accordingly. This is one of those scenarios where the tag represents “value” versus where the player deserves to be paid on an annual basis. 4 years, $80M ($48M guaranteed)

Kyle Dugger (S, Patriots)

2024 Tag: $13,815,000
New England opted for the transition tag with Dugger, a value that aligns with the reportedly multi-year offers they made to him in recent weeks. For reference, the transition tag is a lower-priced tag, and it offers no draft compensation in return should the player sign an offer sheet and leave this offseason. The Pats are betting on that not happening. A really nice list of safeties available on the open market probably means they’ll be right. If he opts for a long-term deal in New England, 4 years, $60M ($42M guaranteed) could get it done.

Michael GinnittiMarch 05, 2024

With the tag window now shut closed, we have a clearer picture of players who could very well be hitting the open market when the league year officially begins on March 13th. Barring a few last minute extensions, Spotrac has identified a few notable players at each position group, including projected contracts for each.

RELATED: NFL Free Agent Tracker

QUARTERBACK

Kirk Cousins

Projected Contract: 3 years, $100M ($70M guaranteed)
Will the Vikings pony up an offer with enough guaranteed to keep Cousins in the fold, or will Denver, Atlanta, etc…get a shot to upgrade their QB1 position.

Baker Mayfield

Projected Contract: 4 years, $120M ($85M guaranteed)
Will the Bucs pony up an offer with enough guaranteed to keep Baker in the fold, or will Denver, Atlanta, etc…get a shot to upgrade their QB1 position.

Ryan Tannehill

Projected Contract: 1 year, $5M ($5M guaranteed)
Will joining a franchise with a better complement of weapons and offensive line help resurrect Tannehill’s career? It seems feasible that someone will give him a chance to compete for a QB1 role this summer.

Also: Gardner Minshew, Jacoby Brissett, Tyrod Taylor, Joshua Dobbs, Sam Darnold, Carson Wentz, Joe Flacco

View all UFA Quarterbacks

RUNNING BACK

Saquon Barkley

Projected Contract: 3 years, $30M ($12M guaranteed)
Barkley and the Giants appear headed for a divorce, meaning he’ll join a loaded RB market in free agency. Supply & Demand is not on his side here.

Josh Jacobs

Projected Contract: 3 years, $30M ($12M guaranteed)
Jacobs couldn’t recreate 2022, but he showed signs down the stretch that he can still be a versatile playmaker. A return to Las Vegas still seems likely here.

Derrick Henry

Projected Contract: 1 year, $7.5M
He’s north of 30, but still carried a depleted Tennessee offense in 2023. A return to the Titans isn’t out of the question, but contenders (Baltimore, Miami, Houston) could be a better fit next season.

Also: Tony Pollard, Austin Ekeler, D'Andre Swift, Gus Edwards, Devin Singletary, Ezekiel Elliott, Zack Moss, Antonio Gibson, Alexander Mattison, JK Dobbins

View all UFA Running Backs

WIDE RECEIVER

Calvin Ridley

Projected Contract: 3 years, $66M ($42M guaranteed)
A trade condition keeps Jacksonville from extending Ridley before free agency, but that doesn’t mean they’ll let him get too far immediately thereafter. Other teams may need to come swinging with massive numbers to pry him away from the Jags.

Marquise Brown

Projected Contract: 4 years, $60M ($32M guaranteed)
Browns’ production fell to a career low in 2023, making his first trek into free agency a bit of an unknown. The ceiling still seems high enough for a team or two to take a 2-year guarantee swing.

Gabriel Davis

Projected Contract: 4 years, $54M ($28M guaranteed)
Davis never really found his footing in Buffalo’s offense. Will he be this year’s version of Christian Kirk in free agency?

Also: Darnell Mooney, Tyler Boyd, Curtis Samuel, Odell Beckham, Jr., Noah Brown, Josh Reynolds, Kendrick Bourne, K.J. Osborn, DJ Chark

View all UFA Wide Receivers

TIGHT END

Hunter Henry

Projected Contract: 2 years, $15M ($8M guaranteed)
Henry was able to stand out in a diminished Patriots offense the past few seasons. At 29, there should still be a few productive seasons left in the tank.

Noah Fant

Projected Contract: 2 years, $12.5M ($6.5M guaranteed)
It feels like Fant’s ceiling as an offensive weapon has yet to be reached. Now he gets an opportunity to pick his offense.

Jonnu Smith

Projected Contract: 2 years, $12M ($6M guaranteed)
Was Smith overpaid in New England/Atlanta? Yes. But that shouldn’t diminish his ability to produce on a consistent basis.

Also: Gerald Everett, Colby Parkinson, Logan Thomas, Will Dissly, Mike Gesicki, Hayden Hurst

View all UFA Tight Ends

OFFENSIVE TACKLE

Tyron Smith

Projected Contract: 1 year, $7.5M
The longtime Cowboy appears poised to test the market for the first time. He’s 33, and has battled injury of late, but players like this simply don’t become available often.

Jonah Williams

Projected Contract: 4 years, $44M ($25M guaranteed)
Williams was pushed from the left side to the right side upon the signing of Orlando Brown Jr. away from Kansas City. He fared well in the new role and offers a pedigree (and potential ceiling) that doesn’t usually hit the open market.

Trenton Brown

Projected Contract: 3 years, $22M ($14M guaranteed)
Like Smith & Williams above, Brown has experience at both Left & Right tackle. Versatility always pays in this league.

Also: Charles Leno, Jermaine Eluemunor, Donovan Smith, Josh Jones, George Fant, Cameron Fleming

View all UFA Tackles

GUARD

Kevin Dotson

Projected Contract: 4 year, $66M ($40M guaranteed)
The Steelers loss quickly became the Rams gain, as Dotson poured out his best season to date by a long shot in 2023. The 4th round pick will hit the open market as arguably the best available guard

Robert Hunt

Projected Contract: 4 year, $48M ($30M guaranteed)
The converted tackle made his mark at Right Guard in Miami’s versatile offense, putting the former #39 overall pick in line for his first big pay day this March.

Mike Onwenu

Projected Contract: 4 years, $54M ($38M guaranteed)
If the Patriots plan is to drop a rookie QB into their offense, keeping players like this should be a top priority. This could be one of those “wow” free agent contracts if he’s allowed to get there.

Also: Ezra Cleveland, Kevin Zeitler, Damien Lewis, Dalton Risner, Jonah Jackson, John Simpson

View all UFA Guards

CENTER

Lloyd Cushenberry

Projected Contract: 4 years, $33M ($24M guaranteed)
Posted a breakout season in his walk year: Always a great recipe for free agency success. He’s a phenomenal pass blocker, making him a candidate to be aligned with a rookie QB1 in 2024.

Andre James

Projected Contract: 3 years, $27M ($20M guaranteed)
James anchored an Raiders O-Line that came together nicely over the past few seasons. If he’s allowed to walk, the final contract may surprise some.

Connor Williams

Projected Contract: 1 year, $7.5M
He probably signs the largest center free agent contract this spring if not for a torn ACL last season.

Also: Aaron Brewer, Brian Allen, Tyler Biadasz, Nick Gates, Evan Brown

View all UFA Centers

INTERIOR DEFENDER

Chris Jones

Projected Contract: 3 years, $85M ($60M guaranteed)
Jones was looking for $30M per year this time last offseason. An unsuccessful holdout & a great 2023 campaign and a $33M+ franchise tag value keeps that hope alive this time around. One of the best interior DLs of this generation should have no trouble securing his asking price on the open market, but we’ll predict a slightly less figure to return to KC (again). 

Christian Wilkins

Projected Contract: 4 years, $82M ($60M guaranteed)
When factoring in age, Wilkins is probably the most attractive defensive player on many big boards this March. His numbers don’t jump off of the page (tempering his market valuation), but a deal in the $24-$26M per year range shouldn’t surprise anyone.

D.J. Reader

Projected Contract: 3 years, $45M ($32M guaranteed)
Injuries (including one late in 2023) have been the only thing holding back Reader from cashing a top of the market contract. If he can return to full strength, he’ll hold plenty of value on his next team.

Also: Sheldon Rankins, DaQuan Jones, Grover Stewart, Teair Tart, Fletcher Cox, Javon Kinlaw

View all UFA Interior Defenders

EDGE DEFENDER

Danielle Hunter

Projected Contract: 3 years, $60M ($42M guaranteed)
Hunter’s deal won’t officially void until well after the franchise tag window, so barring an extension, an edge defender with 27 sacks, 150 tackles, and 5 forced fumbles over the past two seasons is about to hit the open market. 

Leonard Williams

Projected Contract: 3 years, $60M ($42M guaranteed)
Williams hasn’t been able to recreate an elite 2020 campaign that scored him a $63M extension in March of 2021, but he’s still considered one of the best interior defensive linemen in the game. Seattle gave out a 2nd & 5th round pick this past deadline to secure him, so a healthy multi-year offer should be on the table sooner rather than later. 

Jonathan Greenard

Projected Contract: 4 years, $54M ($38M guaranteed)
A huge part of the Texans’ defensive turnaround (52 tackles, 12.5 sacks, 1 forced fumble), Greenard is set up nicely for a major payday this March. The former 3rd round pick should secure a multi-year guarantee on the open market.

Also: Bryce Huff, Chase Young, Jadeveon Clowney, Za'Darius Smith, Josh Uche, Leonard Floyd, Denico Autry

View all UFA Edge Defenders

LINEBACKER

Patrick Queen

Projected Contract: 4 years, $75M ($53M guaranteed)
Roquan Smith’s arrival was supposed to deflate Queen’s role and value both in Baltimore and potentially on the open market. Insert a career season for Queen in 2023, and a projected price tag ($18.5M per year) that almost certainly forces the Ravens to move on this offseason.

Frankie Luvu

Projected Contract: 4 years, $44M ($30M guaranteed)
If his coverage numbers were even slightly above average, we’d be talking about a deal near the top of the off-ball market here. That’s the kind of pass rush/run stuffing player Luvu has become in Carolina. 

Jordyn Brooks

Projected Contract: 4 years, $42M ($28M guaranteed)
2023 was about proving he could fully return from the Torn ACL. Will teams need to see more to guarantee him multiple years on a contract?

Also: Bobby Wagner, Lavonte David, Eric Kendricks, Devin White, Josey Jewell, Jordan Hicks, Willie Gay Jr.

View all UFA Linebackers

CORNERBACK

Kendall Fuller

Projected Contract: 4 years, $54M ($38M guaranteed)
Tags to Jaylon Johnson & La’Darius Sneed vault Fuller into the #1 free agent CB on the open market. Generally speaking, that honor has come with quite a price tag in the past.

Steven Nelson

Projected Contract: 2 years, $16M ($9M guaranteed)
Nelson was one of the reasons the Texans took a major stride in 2023. They want him back for a few more seasons, but he’ll need a raise to stick around.

Kenny Moore

Projected Contract: 3 years, $24M ($10M guaranteed)
The former UDFA has been seeking an upgraded contract in Indy for the better part of two seasons now, and certainly did his part to help the case in 2023 (93 tackles, 3 interceptions, 1.5 sacks). Unfortunately, the slot cornerback market has leveled off mightily since he last penned his $8.3M per year contract.

Also: Darious WilliamsChidobe Awuzie, Stephon Gilmore, Adoree' Jackson, Keisean Nixon, Myles Bryant

View all UFA Cornerbacks

SAFETY

Kamren Curl

Projected Contract: 4 year, $57M ($30M guaranteed)
Curl has risen from the #216 overall pick back in 2020 to the best available safety not named Winfield in 2024. He’s a tackling machine, and has proven to be available & reliable for a Washington defense that hasn’t always been in the best of situations (to put it nicely).

Xavier McKinney

Projected Contract: 5 years, $52M ($30M guaranteed)
McKinney was a fringe tag candidate, setting himself up for a nice payday on the open market - likely with a new team.

Kevin Byard

Projected Contract: 2 years, $14M ($10M guaranteed)
A cap casualty out of Philly, Byard remains one of the best run-stuffing defensive backs in the game. Now north of 30, and with safeties having a tough go in free agency of late, look for this number to be a little lower than expected.

Also: Geno Stone, Julian Blackmon, Jordan Whitehead, Jordan Fuller, Darnell Savage, Micah Hyde

View all UFA Safeties

Michael GinnittiMarch 04, 2024

As the March 11th “tampering period” nears, Spotrac has developed complete contract extension projections for 12 notable wide receivers, including two (Mike Evans, Calvin Ridley) who seem certain to get to the open market in 10 days.

Justin Jefferson (Vikings, 25)

Quick Details
4 years, $128,000,000
$32,000,000 AAV
$70M guaranteed at signing
$100M practically guaranteed

Jefferson is entering his 5th-year option season in Minnesota, set to earn a fully guaranteed $19.743M in 2024. He brings a nearly perfect resume to the negotiating table, putting pressure on the Vikings not only to pony up in his regard, but in how they make decisions at the QB position & as a whole this offseason. Spotrac is projecting a 4 year extension that includes a whopping $70M fully guaranteed at signing, which would currently rank 15th in the entire NFL, and 1st among WRs by nearly $20M (Tyreek Hill, $52.5M). The projection includes $100M of practical guarantee through the 2027 season.

CeeDee Lamb (Cowboys, 25)

Quick Details
4 years, $120,000,000
$30,000,000 AAV
$55M guaranteed at signing
$75M practically guaranteed

Lamb enters his 5th-year option season in 2024, set to earn a fully guaranteed $17.9M from Dallas. His stock has risen each of the past 4 seasons, culminating with a 135 reception, 1,750 yard, 12 TD campaign last year. It seems highly likely that Lamb is on his way to the top of the non-Justin-Jefferson market sooner rather than later. Spotrac is projecting a 4 year extension that includes $75M practically guaranteed through the 2026 season. It might not be enough.

Ja'Marr Chase (Bengals, 24)

Quick Details
4 years, $120,000,000
$30,000,000 AAV
$46M guaranteed at signing
$70M practically guaranteed

Injuries to himself & to QB Joe Burrow over the past two seasons have limited Chase’s ability to reach his max ceiling. Cincinnati likely pays a king’s ransom to see that happen within their offense soon. The 24-year-old has 2 years, $26.6M left on his rookie deal through 2025, so there’s not an immediate rush to get something done here, but it’s certainly worth discussing. Spotrac projects a $70M guarantee over the next 3 seasons, including back to back $20M bonuses to keep cap hits at bay while this contending team continues to get more and more expensive across the board.

Amon-Ra St. Brown (Lions, 24)

Quick Details
4 years, $112,000,000
$28,000,000 AAV
$45M guaranteed at signing
$65M practically guaranteed

Much to the surprise of some, St. Brown has now posted back-to-back 100+ catch, 1100 yard seasons in Detroit, fully entrenching himself as the #1 WR option for Jared Goff and co. in 2023. The former 4th round pick enters a contract year in 2024, set to earn a non-guaranteed $3.3M (thanks to a proven performance escalator). Spotrac projects a 4 year, $112M tack on extension, including $45M fully guaranteed at signing, and $65M locked in by next March. The deal contains a team-friendly $7.5M cap hit in 2024 to allow the Lions to extend & acquire core players as they push toward the top of the NFC.

Jaylen Waddle (Dolphins, 25)

Quick Details
3 years, $82,500,000
$27,500,000 AAV
$46M guaranteed at signing
$60M practically guaranteed

With Tyreek Hill now north of 30, extending Jaylen Waddle carries both a short & long-term benefit for the Dolphins.The 25-year-old still has 2 years, $19.8M remaining on his rookie deal, so an extension this offseason isn’t imperative, but still remains likely. Spotrac is projecting a double bonus structure in Year 1 & Year 2 to keep cap hits at bay through 2026, plus $50M fully guaranteed at signing.

Tee Higgins (Bengals, 25)

Quick Details
4 years, $104,000,000
$26,000,000 AAV
$40M guaranteed at signing
$60M practically guaranteed

The Bengals have offered Higgins a $21.8M franchise tag this February, resetting his value to a minimum of that figure from here forward. Cincinnati can now negotiate against themselves into July, hoping to find a way to lock in both Higgins & Ja’Marr Chase in the next two offseasons. Spotrac projects an extension that offers $3.25M more than a double franchise tag through 2025, with $60M fully guaranteed through 2026.

Brandon Aiyuk (49ers, 26)

Quick Details
4 years, $96,000,000
$24,000,000 AAV
$40M guaranteed at signing
$57.6M practically guaranteed

Aiyuk’s status in San Francisco is very much in question, but it’s nothing a few (dozen) million guaranteed can’t fix. The 26-year-old showed his worth in 2023, and enters 2024 on a $14.1M fully guaranteed 5th-year-option. Spotrac is projecting a 4 year, $96M tack on extension, including $40M fully guaranteed at signing, and nearly $58M fully locked in by next March. It’s a 1A version of Deebo Samuel’s deal with the Niners, so if Aiyuk is traded to a team that will increase his role to a true WR1, this projection likely becomes a floor, not a ceiling.

DeVonta Smith (Eagles, 25)

Quick Details
3 years, $72,000,000
$24,000,000 AAV
$32.5M guaranteed at signing
$50.5M practically guaranteed

Smith’s rookie contract holds 2 years, $19M remaining on it, so an extension isn’t required this offseason. Like many players on this list, Smith’s extension would mean that two high profile wide receivers on a respective team are under a veteran contract - something not all franchises will be willing to do right now. Spotrac has projected a very Philly-style-structure here for Smith’s extension, including a double bonus payout over the next two seasons that keeps the cap hits under $8M. This would align nicely with the stability of A.J. Brown’s contract, allowing a transfer of power to happen after the 2025 season as needed.

Mike Evans (Buccaneers, 30)

Quick Details
3 years, $75,000,000
$25,000,000 AAV
$50M guaranteed at signing
$50M practically guaranteed

Evans appears poised to hit the open market on March 13th, which inflates his value. It also means that the Buccaneers didn’t offer a “blow me away” contract in the past few weeks. Does $50M fully guaranteed at signing qualify as a sticker shock for the 30-year-old? Here’s the issue. There may be 3 teams willing to offer Mike Evans the exact contract that Spotrac has projected here - which only further inflates his price point. Wide Receivers like this simply don’t get to the open market, and when they do, the numbers never disappoint.

Michael Pittman Jr. (Colts, 26)

Quick Details
4 years, $100,000,000
$25,000,000 AAV
$40M guaranteed at signing
$65M practically guaranteed

Pittman was a late bloomer in Indy, but with so much change at the coaching & QB levels, it’s tough to place too much blame. Will the Colts get a “small sample size” discount to keep Pittman from hitting the open market? Not likely. Indy is flush with cap space, destined to keep their core intact to build around Anthony Richardson, and don’t have an easy way to replace their WR1 currently. Spotrac projects a 4 year extension that includes $40M fully guaranteed, through 2025.

Amari Cooper (Browns, 30)

Quick Details
2 years, $45,000,000
$22,500,000 AAV
$35M guaranteed at signing
$45M practically guaranteed

Cooper is entering a contract year in Cleveland, set to earn a non-guaranteed $20M in 2024. Spotrac is projecting a 2 year, $45M tack on (3 years, $65M total), including $35M fully guaranteed through 2025. It’s a bit of a soft extension in comparison to many others noted here, but the Browns are likely looking to tread lightly in many areas with so many mouths already fed around the roster. $45M guaranteed is an awful lot more than $0.

Calvin Ridley (Jaguars, 29)

Quick Details
3 years, $66,000,000
$22,000,000 AAV
$32M guaranteed at signing
$42M practically guaranteed

Ridley was given every chance to establish himself as Trevor Lawrence’s #1 option in 2023, but failed to do so with any measure of consistency. That doesn’t mean he’s not a top-flight wideout in the league, and won’t be highly coveted on the open market (where he’s likely to go based on his trade condition). Spotrac’s projection sees him earning $43.2M over the next two seasons (about $4M less than two franchise tags). While the money doesn’t pop off the page, being considered “value” among this group could mean Ridley ends up in a spot that allows him to showcase himself into a much bigger payday. If so, look for a shorter (maybe even 1 year) contract to do exactly that.

Michael GinnittiFebruary 26, 2024

It’s been a minute since we’ve run the gamut on each team’s QB situation, so we’ll take a quick dive into the guaranteed salary breakdown for every player currently under contract, by team.

A few notes for reference:

Total Remaining: The total contract remaining
Right Now: Is already fully guaranteed
Soon: A guarantee will trigger in the coming weeks
Future Early: Salary or bonus in the next few seasons will lock in early

ARIZONA

The Cardinals have made it clear (this time around) that Murray is their guy. The contract concurs.

Kyler Murray

Total Remaining: 5 years, $196.6M
Practical Remaining: 4 years, $150M
Right Now: $35.3M of 2024 salary
Soon: $29.9M of 2025 salary locks in March 17th
Future Early: $59.35M through 2027

Clayton Tune

Total Remaining: 3 years, $3M ($0 guaranteed)

ATLANTA

There's a very real chance that Atlanta boasts an entirely different QB room by the end of the summer. Heinicke's looming roster bonus probably sends him back to the open market in a few weeks.

Taylor Heinicke

Total Remaining: 1 year, $7M
Right Now: None
Soon: $1.32M roster bonus due March 16th

Desmond Ridder

Total Remaining: 2 years, $2.6M ($0 guaranteed)

BALTIMORE

By March 18th, Lamar Jackson will be fully guaranteed through the next two seasons.

Lamar Jackson

Total Remaining: 4 years, $180M
Practical Remaining: 3 years, $128M
Right Now: $32.5M in 2024, $22.5M in 2025
Soon: $18.25M of 2025 compensation locks March 18th
Future Early: $29M through 2026

Malik Cunningham

Total Remaining: 1 year, $915k ($0 guaranteed)

BUFFALO

Despite five more seasons of term, Josh Allen's contract contains only two more seasons of practical guarantees. Things could get fun in Buffalo sooner rather than later.

Josh Allen

Total Remaining: 5 years, $189.5M
Practical Remaining: 2 years, $69.5M
Right Now: $29.5M in 2024, $25M in 2025
Soon: $14M of 2025 salary locks March 17th
Future Early: None

Shane Buechele

Total Remaining: 1 year,  $1.025M, $40k guaranteed

CAROLINA

With Andy Dalton already half-guaranteed in 2024, it's largely expected that he and Young remain the 1-2 punch for Carolina this season.

Bryce Young

Total Remaining: 3 years, $12.5M + option
Right Now: $12.5M
Soon: 2027 5th year option in 2026

Andy Dalton

Total Remaining: 1 year, $4M
Right Now: $2M
Soon: None
Future Early: None

CHICAGO

A lot might change in the coming weeks, but for now, Fields is on a 1 year guarantee, with an option decision due May 2nd.

Justin Fields

Total Remaining: 1 year, $3.2M + option
Right Now: $3.2M
Soon: $25.664M 5th year option (May 2nd)
Future Early: None

Tyson Bagent

Total Remaining: 2 years, $2M ($0 guaranteed)

CINCINNATI

Cincy locked in Burrow through 2025 at signing, and the deal is structured with stability through 2027.

Joe Burrow

Total Remaining: 6 years, $264.5M
Practical Remaining: 4 years, $173.4M
Right Now: $65.7M thru 2024, $35.25M thru 2025
Soon: None.
Future Early: $53.5M through 2027

CLEVELAND

Still fully guaranteed through 2026.

Deshaun Watson

Total Remaining: 3 years, $138M
Practical Remaining: 3 years, $138M
Right Now: $138M through 2026
Soon: None.
Future Early: None.

Dorian Thompson-Robinson

Total Remaining: 3 year, $3M ($0 guaranteed)

DALLAS

Something needs to be done to Dak Prescott's $59.4M cap hit. Will it be a mind-boggling extension? Also, Trey Lance is one of the most expensive backups in football right now.

Dak Prescott

Total Remaining: 1 year, $34M
Right Now: None.
Soon: $5M roster bonus due March 18th

Trey Lance

Total Remaining: 1 year, $5.3M + option
Right Now: $5.3M
Soon: $22.408M 5th year option (May 2nd)

Cooper Rush

Total Remaining: 1 year, $2.25M ($0 guaranteed)

DENVER

How Denver operates with Russell Wilson's contract over the next few weeks could change the way teams deal with large contracts forever.

Russell Wilson

Total Remaining: 5 years, $211M
Practical Remaining: 2 years, $76M
Right Now: $39M through 2024
Soon: $37M 2025 salary locks March 17th
Future Early: None.

Jarrett Stidham

Total Remaining: 1 year, $6M
Right Now: $1M of 2024 salary
Soon: $1M roster bonus

Ben DiNucci

Total Remaining: 1 year, $985k ($0 guaranteed)

DETROIT

Jared Goff has done more than enough to garner a top-level QB contract this spring. Will it come before his March 14th roster bonus is due?

Jared Goff

Total Remaining: 1 year, $26.6M
Right Now: None
Soon: $5M roster bonus due March 14th

Hendon Hooker

Total Remaining: 3 years, $3.8M ($0 guaranteed)

GREEN BAY

Jordan Love won't be playing out 2024 on an $11M salary, and that is far from a hot take.

Jordan Love

Total Remaining: 1 year, $11M
Right Now: $10.5M

Sean Clifford

Total Remaining: 3 years, $3M ($0 guaranteed)

Alex McGough

Total Remaining: 1 year, $915k ($0 guaranteed)

HOUSTON

The Texans have struck lightning in a bottle. Now to fill out the rest of this roster accordingly...

C.J. Stroud

Total Remaining: 3 years, $12.1M + option
Right Now: $12.1M through 2026
Soon: 2027 5th year option (May 2026)

Case Keenum

Total Remaining: 1 year, $3M
Right Now: $1M

Davis Mills

Total Remaining: 1 year, $1.3M ($0 guaranteed)

Tim Boyle

Total Remaining: 1 year, $1.125M ($0 guaranteed)

INDIANAPOLIS

The Colts MIGHT have struck lightning in a bottle. Now to fill out the rest of this roster accordingly...

Anthony Richardson

Total Remaining: 3 years, $11.5M + option
Right Now: $11.5M through 2026
Soon: 2027 5th year option (May 2026)

Sam Ehlinger

Total Remaining: 1 year, $1M ($0 guaranteed)

JACKSONVILLE

Will the Jags wait one more year to see if Lawrence can take the next step, or pay him now hoping to gain some value before he actually does?

Trevor Lawrence

Total Remaining: 1 years, $5.6M + option
Right Now: $5.6M
Soon: $25.664M option by May 2nd

C.J. Beathard

Total Remaining: 1 years, $1.92M ($0 guaranteed)

KANSAS CITY

Cash flow adjusted through 2026; Another Super Bowl won; It's just fine being Patrick Mahomes.

Patrick Mahomes

Total Remaining: 8 years, $361.45M
Practical Remaining: 7 years, $313M
Right Now: $76.85M through 2025
Soon: None
Future Early: $64.5M through 2030

Ian Book

Total Remaining: 1 year, $985k ($0 guaranteed)

Chris Oladokun

Total Remaining: 1 year, $805,000 ($135k guaranteed)

LAS VEGAS

The Raiders won't owe Garoppolo a dime (suspension) to move on this March, putting them in the driver's seat for a Kirk Cousins, Russell Wilson, Justin Fields conversation.

Jimmy Garoppolo

Total Remaining: 2 years, $48.5M
Right Now: None.
Soon: $11.25M roster bonus due March 17th

Brian Hoyer

Total Remaining: 1 year, $2.3M
Right Now: $2.165M

Aidan O'Connell

Total Remaining: 3 years, $3M ($0 guaranteed)

Anthony Brown

Total Remaining: 1 year, $915k ($0 guaranteed)

LA CHARGERS

Plenty of change in LA, but not at the QB position. Herbert’s contract is rock solid through 2028.

Justin Herbert

Total Remaining: 6 years, $279.1M
Practical Remaining: 5 years, $228.6M
Right Now: $116.6M through 2025
Soon: None
Future Early: $85M through 2028

Max Duggan

Total Remaining: 1 year, $795k ($0 guaranteed)

LA RAMS

Stafford posted a fantastic 2023, making his fully guaranteed 2024 and soon to be partially guaranteed 2025 much easier to swallow.

Matthew Stafford

Total Remaining: 3 years, $94M
Practical Remaining: 2 years, $63M
Right Now: $31M through 2024
Soon: $10M 2025 roster bonus guarantees March 15th

Stetson Bennett

Total Remaining: 3 years, $3M ($0 guaranteed)

Dresser Winn

Total Remaining: 2 years, $1.755M ($0 guaranteed)

MIAMI

All signs point to an incoming Tua extension in Miami. He’s on a fully guaranteed $23M until then.

Tua Tagovailoa

Total Remaining: 1 year, $23.171M
Right Now: $23.171M

Mike White

Total Remaining: 1 year, $3.5M ($0 guaranteed)

Skylar Thompson

Total Remaining: 2 years, $2M ($0 guaranteed)

MINNESOTA

Kirk Cousins needs to be re-signed by March 13th to stop his full $28.5M of voidable dead cap from hitting their books in 2024. Also, they could use a starting QB.

Jaren Hall

Total Remaining: 3 years, $3M ($0 guaranteed)

NEW ENGLAND

It stands to reason that some team will throw a late draft pick out there for Mac Jones at $2.7M this year. His $25.6M option for 2025?

Mac Jones

Total Remaining: 1 year, $2.7M + option
Right Now: $2.7M
Soon: $25.6M option decision due May 2nd

Bailey Zappe

Total Remaining: 1 year, $985k ($0 guaranteed)

NEW ORLEANS

Carr's massive $30M salary cap conversion in 2024 probably solidified him staying in this contract through 2025.

Derek Carr

Total Remaining: 3 years, $120M
Practical Remaining: 2 years, $70M
Right Now: $30M through 2024
Soon: $10M 2025 roster bonus guarantees March 15th

Jake Haener

Total Remaining: 3 years, $3M ($0 guaranteed)

NY GIANTS

Daniel Jones is fully guaranteed through 2024, but maybe more importantly - $23M of his 2025 salary is guaranteed for injury. Playing him this year could be risky business.

Daniel Jones

Total Remaining: 3 years, $114M
Practical Remaining: 1 year, $36M
Right Now: $35.5M through 2024

Tommy DeVito

Total Remaining: 1 year, $915k ($0 guaranteed)

NY JETS

Let's try this again. Aaron Rodgers now lives on a 1 year, $38.1M contract. Will the Jets go all in this year?

Aaron Rodgers

Total Remaining: 2 years, $75.6M
Practical Guaranteed: 1 year, $38.1M
Right Now: $38.1M through 2024

Zach Wilson

Total Remaining: 1 year, $5.4M + option
Right Now: $5.4M
Soon: $22.408M option decision due May 2nd

PHILADELPHIA

Jalen Hurts' contract is rock solid through 2027, so the Eagles have time to right this ship, but their contractual structures make it very hard to change a lot of things in a little amount of time.

Jalen Hurts

Total Remaining: 5 years, $235M
Practical Remaining: 4 years, $184M
Right Now: $85.696M through 2026
Soon: $16.5M of 2026 salary locks March 18th
Future Early: $22M of 2027 salary in 2026

Tanner McKee

Total Remaining: 3 years, $3M ($0 guaranteed)

PITTSBURGH

The Steelers are an early favorite to sign a veteran QB to compete with Pickett and his 2 year, $4.5M guarantee for the upcoming season.

Kenny Pickett

Total Remaining: 2 years, $4.5M + option
Right Now: $4.5M through 2025
Soon: 2026 option decision due May 2025

SAN FRANCISCO

Purdy’s contract is untouchable, so the focus here turns to who gets the backup gig again.

Brock Purdy

Total Remaining: 2 years, $2M ($0 guaranteed)

SEATTLE

Geno’s 2024 base salary was fully guaranteed a few days after the Super Bowl, and Seatle recently converted his looming roster bonus into signing bonus for cap purposes. It’s Smith’s team again in 2024.

Geno Smith

Total Remaining: 2 years, $53.2M
Practical Remaining: 1 year, $22.5M
Right Now: $22.3M through 2024

TAMPA BAY

Tampa Bay won the NFC South + Wild Card round game. Seems like an add or two should probably be made here.

Kyle Trask

Total Remaining: 1 year, $1.4M ($0 guaranteed)

TENNESSEE

If Levis can figure it out, there’s still plenty of time for value here. Tennessee remains a dark horse to sign a veteran QB however.

Will Levis

Total Remaining: 3 years, $4.84M
Right Now: $4.03M through 2026

Malik Willis

Total Remaining: 2 years, $2.57M ($0 guaranteed)

WASHINGTON

There’s a new sheriff coming to town. Will Sam Howell be a trade chip?

Sam Howell

Total Remaining: 2 years, $2M ($0 guaranteed)

Michael GinnittiFebruary 23, 2024

The NFL has now set its financial thresholds for the upcoming 2024 season, including a surprisingly high $255.4M league salary cap. We'll take a look at a few updated figures from the top down, including spending floor info, minimum salaries, the veteran minimum cap benefit, restricted free agent tenders, & official franchise & transition tag values.

NFL League Salary Cap

The 2024 salary cap rose to historic levels this season, both as an overall number of course and also in terms of the amount of increase over last season's figure. The $30.6M increase shattered the recent leader in the clubhouse (2022: $25.7M), due in large part to the fact that all of the "borrowed" money for COVID-strapped seasons have now been accounted for. Also, there seems to be a fairly strong level of general interest in the league...

Year Cap Maximum Cap $ +/- Cap % Change
2024 $255,400,000 $30,600,000 13.61%
2023 $224,800,000 $16,600,000 7.97%
2022 $208,200,000 $25,700,000 14.08%
2021 $182,500,000 $-15,700,000 -7.92%
2020 $198,200,000 $10,000,000 5.31%
2019 $188,200,000 $11,000,000 6.21%
2018 $177,200,000 $10,200,000 6.11%
2017 $167,000,000 $11,730,000 7.55%
2016 $155,270,000 $11,990,000 8.37%
2015 $143,280,000 $10,280,000 7.73%

Related: Full NFL Salary Cap Listing

NFL Spending Floor

While the NFL doesn't have an annual spending minimum, the latest CBA continued to institute a 3-year threshold requirement. NFL teams will need to cash spend 90% of the next 3 league salary cap maximums combined. For instance, if the 2024, 2025, & 2026 league salary caps come in at $255M, $265M, & $275M ($795M total), each team will be required to spend $715,500,000 minimum across that span.

2024 Minimum Salaries

NFL minimum salaries got their usual $45,000 raise this year.

YEARS OF SERVICE 2024
0 $795,000
1 $915,000
2 $985,000
3 $1,055,000
4 $1,125,000
5 $1,125,000
6 $1,125,000
7 $1,210,000
8 $1,210,000
9 $1,210,000
10+ $1,210,000

Veteran Minimum Benefit
Players with 4 or more credited seasons who sign a 1 year contract this offseason can qualify for a salary cap benefit. For instance, Player A has 5 years of service, and agrees to a minimum contract with a team this March. The player will sign a contract with a base salary of $1,125,000, however the salary cap charge will drop down to $985,000. Additionally, veteran minimum contracts can include up to $167,500 of bonus money (signing, roster, per game active, workout), and still qualify for the cap reduction. For example, Player A is given a $25,000 signing bonus and a $25,000 bonus if he makes the Week 1 roster in addition to his minimum salary. This represents a $1,175,000 total value contract in 2024. But for salary cap purposes, the charge is calculated as $985,000 + $25,000 + $25,000, or $1,035,000.

Related: Complete Minimum Salary Table

2024 Restricted Free Agent Tenders

Right of First Refusal: $2,985,000
The team will have a right to match any offer sheet, but there will be no draft compensation rewarded should the player sign an offer sheet and leave.

Original Round Tender: $3,116,000
The team will have a right to match any offer sheet, but will be rewarded a draft pick in the same round that the player was originally drafted should the player sign an offer sheet and leave.

2nd Round Tender: $4,890,000
The team will have a right to match any offer sheet, but will be rewarded a 2nd round pick should the player sign an offer sheet and leave.

1st Round Tender: $6,822,000
The team will have a right to match any offer sheet, but will be rewarded a 1st round pick should the player sign an offer sheet and leave.

Related: 2024 Restricted Free Agents

2024 Franchise & Transition Tag Values

Position Franchise
Tag
Transition
Tag
Quarterback $38.3M $34.3M
Running Back $11.9M $9.7M
Wide Receiver $21.8M $19.7M
Tight End $12.6M $10.8M
Offensive Lineman $20.9M $19M
Defensive Tackle $22.1M $18.4M
Defensive End $21.3M $19M
Linebacker $24M $19.9M
Cornerback $19.8M $17.2M
Safety $17.1M $13.8M
Kicker/Punter $5.9M $5.4M

Related: NFL Franchise Tag Historicals

Michael GinnittiFebruary 23, 2024

The Bills approach March with more than $50M of cap to clear, & a half dozen of notable defensive players set to hit the open market. Factor in a mess of a contract situation with ED Von Miller, a rumored mess with WR Stefon Diggs, and Buffalo might be one of the more polarizing teams to follow in the coming weeks.

RELATED
2024 Buffalo Bills Salary Cap Table

2024 Pending Bills’ Free Agents

Cap Casualties ($17M saved)

Tre'Davious White (CB)

White won’t be healthy enough to pass a physical this March, so the most likely outcome here is that Buffalo releases him via a failed physical designation before his $1.5M March 18th roster bonus becomes due. The Bills could/should work out a renegotiated contract with White to retain his services in some capacity.
Potential March Savings: $6M

Ryan Bates (G/C)

Moving on from Bates would be risky, as he’s one of the better “6th-Men” in all of football. But if the plan is to keep Mitch Morse one more season (and all signs point to that being the case), Bates may simply be too expensive to remain in his depth role. There should be trade value here, so freeing up $1.4M of cap, and adding a draft pick or two could be win/win.
Potential March Savings: $1.43M

Deonte Harty (KR/WR)

Harty never fully materialized as an asset in the offensive gameplan, despite showing plenty of signs of that in New Orleans leading up to his signing with the Bills. His versatility is valuable, but a $4.24M salary & $5.5M cap figure likely makes him too rich to keep in this current setting.
Harty has a $500,000 roster bonus due March 18th, so Buffalo will need to make a decision prior to that date.
Potential March Savings: $4.1M

Nyheim Hines (KR/RB)

Hines missed all of 2023 due to a non-football injury. Like Harty (above), he’s probably a tad bit overpaid for his role (returner, running back), but it seems likely that Buffalo will hang on to one of the two for the 2024 season. Moving on from Hines before a March 18th roster bonus ($500,000) can open up $4.9M.
Potential March Savings: $4.9M

Damar Hamlin (S)

Hamlin’s role has been reduced to special teams almost exclusively. While Buffalo will be seeking depth in their secondary, taking the $1M of space by moving off of this contract likely makes sense early on.
Potential March Savings: $1.055M

Cap Conversions ($42.8M saved)

Process a full base salary plus $6M roster bonus conversion on QB Josh Allen, freeing up $22.7M of cap. Allen has 5 years remaining on his current contract.

Process a full base salary plus $1M roster bonus conversion on OL Mitch Morse, freeing up $5.3M of cap space when factoring in 4 void years. Morse is almost 32 years old, so an extension probably doesn’t make sense here.

Process a $5M roster bonus conversion on TE Dawson Knox, freeing up $4M of cap when factoring in 2 void years. Knox is a fringe roster bubble candidate, but $8.58M of his 2024 compensation is already fully guaranteed. Assuming the Bills move on after 2024, the contract will carry an $11.8M dead cap hit after this conversion (still saving $3.6M).

Process a $10M salary conversion on ED Von Miller. This one is a true numbers game. By March 18th, all $17.145M of Miller’s 2024 salary will become fully guaranteed. A full base salary conversion would open up over $12.7M of space, but would increase his 2025 dead cap hit north of his current $23.8M cap figure next season. Pushing out $8M of cap as projected here keeps the Bills on the right side of the dead cap spectrum in 2025 (when they will almost certainly move on).

Process a full base salary conversion on S Jordan Poyer, tacking on 4 void years. At nearly 33-years-old, it stands to reason that 2024 could be Poyer’s last. Buffalo can open up $2.8M of much needed space this season by utilizing this void year strategy.

Extensions ($12.9M saved)

Dion Dawkins (LT)

The nearly 30-year-old had his best season to date in 2023, solidifying his role on Josh Allen’s blindside for the foreseeable future. Dawkins is entering the final season of a 5 year, $59M deal in Buffalo, set to earn $10.3M cash in 2024. We’re projecting a 3 year, $57M extension, including $36.5M fully guaranteed at signing, and $50M across the next 3 seasons. The deal would lower his current 2024 by $5.3M.

Taron Johnson (CB)

Johnson’s worth and value was on full display both when he was making plays on the field - and maybe more importantly, when he was noticeably absent due to injury. The 27-year-old enters a contract year in 2024, set to earn $7.7M against a $12.4M cap hit. We’re projecting a 3 year, $42M extension for Johnson that includes $21.1M fully guaranteed at signing, through 2025. Our projection also lowers his 2024 cap hit by $3.6M.

Rasul Douglas (CB)

Douglas was the one of the better trade deadline acquisitions across the league last October, and he enters a contract year in Buffalo, set to earn $9M against a $9M cap hit. We’re projecting a 2 year, $28M tack on extension here, including $13M in 2024, $20.5M fully guaranteed through 2025, and a $4M reduction of his 2024 cap hit.

But What Abouts

Stefon Diggs (WR)

Despite the rumors, Diggs’ contract says he’s going nowhere in 2024, at least for now. If a few things fall Buffalo’s way in the coming months, a Post June 1st trade could certainly be an option - but generally speaking that’s a very low possibility in this league. The Bills hold $31M of bonus proration dead cap on Diggs right now. Next season, those numbers are already $22.2M dead against $27.3M active cap. So while Buffalo would like to do something about his $27.8M cap figure this season, processing any type of salary conversion would further impact their ability to move on after 2024 - a likely scenario based on many factors. All $18.5M of Diggs’ 2024 salary will become fully guaranteed on March 17th.

Matt Milano (LB)

Milano was extended last March to a 2 year, $28M contract that included an $11.8M signing bonus in 2023, and a $10M option bonus for 2024. In this regard his “conversion” was already baked into the cake. Buffalo will have an opportunity to push some cap down the road next season, when he carries a $16.1M cap hit for 2025, though his dead cap figure is already north of his active cap figure.

Ed Oliver (DT)

Oliver signed his massive sophomore extension last June, including a $14.75M signing bonus for 2023, & a $12.5M option bonus in March of 2024. This structure kept his cap figure at bay for the upcoming season ($9.725M). Buffalo will look to address his contract again in 2025, when Oliver’s cap hit spikes to $20.75M.

 

Michael GinnittiFebruary 22, 2024

Six notable quarterbacks could be eyeing a big pay day this NFL offseason. We detail full contract breakdown projections for Kirk Cousins, Dak Prescott, Jordan Love, Tua Tagovailoa, Jared Goff, & Trevor Lawrence this spring.

KIRK COUSINS (VIKINGS, 36)

Quick Details
3 years, $100,000,000
$33,333,333 AAV
$75M Guaranteed at Signing
$75M Practically Guaranteed

Cousins has spent 6 years on a fully guaranteed contract in Minnesota, but that may not be in the cards this time around. While a return to the Vikings still appears imminent, Cousins may need to drop his value to secure 2 fully guaranteed seasons on his next contract, as we’ve noted here. In this projection, Cousins gets $50M in 2024, and is fully guaranteed $75M through 2025.

JORDAN LOVE (PACKERS, 25)

Quick Details
4 years, $200,000,000
$50,000,000 AAV
$87.5M Guaranteed at Sign
$150M Practically Guaranteed

Love more than outplayed his bridge extension in 2023, making it unrealistic that he would play out the 2024 campaign on a 1 year, $11M contract. We've projected a 4 year, $200M extension for the 25 year old, including a $50M signing bonus, & $87.5M fully guaranteed at signing. The deal contains large roster bonuses that vest 1 offseason early for 2026 ($37.5M) & 2027 ($25M) raising the practical guarantee on this deal up to $150M. Love secures a $40M raise this season within this projection.

DAK PRESCOTT (COWBOYS, 31)

Quick Details
3 years, $180,000,000
$60,000,000 AAV
$119M Guaranteed at Signing
$169M Practically Guaranteed

The Cowboys have a few options with Dak Prescott, but the most likely outcome is an extension for the 31-year-old this offseason. We haven’t been shy with this one, making Prescott the first $60M per year player in terms of new money average. In total, we’ve projected a 4 year, $214M contract, with $169M guaranteed for practical purposes, and $119M of it fully guaranteed at signing. Prescott secures an historic $75M signing bonus, and his cap figure for 2024 lowers from $59.4M to $41.6M.

TUA TAGOVAILOA (DOLPHINS, 25)

Quick Details
4 years, $220,000,000
$55,000,000 AAV
$105M Guaranteed at Signing
$165M Practically Guaranteed

The Dolphins appear poised to extend Tua this offseason, who is entering his fully guaranteed 5th-year-option season (valued at $23.171M). We’ve projected a contract that tacks on 4 years & $220M, or 5 years, $243M total value. Of this, $105M is fully guaranteed at signing through 2025, another $50M locks in next March, and a final $10M roster bonus vests a year early for the 2027 season. Miami may look to build in per game active bonuses for this contract based on Tagovailoa’s injury history, but we’ve opted to leave these out for now. The bottom line here is that no player in football has more leverage than an above-average quarterback, and that has been reflected here.

TREVOR LAWRENCE (JAGUARS, 25)

Quick Details
6 years, $300,00,000
$50,000,000 AAV
$105M Guaranteed at Signing
$175M Practically Guaranteed

Lawrence hasn’t lived up to the full billing of his #1 overall draft pick status, but it appears he’s done enough to at least get the conversation started regarding a long-term extension in Jacksonville. Mathematically he’s a $48M player in our system, but we’ve upped our projection to an even $50M per year in terms of new money. Lawrence’s rookie contract currently carries around $27.5M remaining (4th year salary + expected 5th year option for 2025), making the total value of this contract 8 years, $327,500,000. Of that, $105M is fully guaranteed at signing, with another $70M set to lock in by March of 2026. There’s a lot of “fluff” built into the backend of this contract, affording the Jaguars a chance to gain significant value if Lawrence progresses into elite status over the next few seasons. And if not, it’ll be 4 years, $175M and then on to the next.

JARED GOFF (LIONS, 29)

Quick Details
4 years, $180,000,000
$45,000,000 AAV
$86.5M Guaranteed at Signing
$146.5M Practically Guaranteed

Goff has answered every bell since joining the Lions, and now enters an expiring contract year, set to earn $26.6M against a $31.6M cap hit. It’s not a foregone conclusion that Detroit will extend Goff this offseason, but for now it remains highly likely. We’ve tacked on 4 new years, $180M new money to his contract, combining for a total value 5 years, $206.5M. While we’ve only allocated $86.5M guaranteed at signing (a little escrow relief for a front office that might have 4 large extensions to process this spring), from a practical standpoint, we’ve locked in $146.5M of this contract (71%). Goff earns a $20M pay raise in 2024, and $136.5M over the next 3 seasons. It’s far from a top of the market contract, but it might be just what the doctor ordered to the Lions competitive for the next few seasons.

BAKER MAYFIELD (BUCCANEERS, 29)

Quick Details
4 years, $120,000,000
$30,000,000 AAV
$53M Guaranteed at Signing
$85M Practically Guaranteed

Baker's comeback has been one of the more enjoyable storylines of the past few seasons, culminating with a playoff win this past season with the Bucs. Tampa Bay is trying to keep Baker off of the open market at the final hour. We've projected a contract that essentially plays like a cap-adjusted version of Geno Smith's deal in Seattle, while using a double bonus structure to keep cap hits insanely low over the next two seasons.

Michael GinnittiFebruary 19, 2024

With the 2024 league year less than a month away (March 13th), NFL teams will soon begin to make plenty of moves to begin the process of getting cap compliant from a Top 51 standpoint. We’ve identified at each major position group that is currently trending toward a release, trade, or retirement in the coming weeks, including any pertinent financial information for each.

QB: Russell Wilson (DEN, 35)

The contract might not say it’s time to move on - but the Broncos certainly are. There are a few ways Wilson’s release can go down, and we’ve detailed those as much as possible here. All you need to know for now, is that the deal contacts $39M in guaranteed cash, and $85M of total dead cap. Denver’s Contract Options with Russell Wilson

Also: Jimmy Garoppolo (LV), Zach Wilson (NYJ), Mac Jones (NE)

RB: Nick Chubb (CLE, 28)

The Browns absolutely want a healthy Nick Chubb leading their offense again, but that might be easier said than done at this point. The reality here is that an organization with -$20M of cap space right now, probably needs to get out of this Chubb deal, freeing up $11.8M of cap in doing so. A reunion on a much more team-friendly contract can certainly be hammered out in succession.

Also: Miles Sanders (CAR), Nyheim Hines (BUF), Jeff Wilson (MIA)

WR: Mike Williams (LAC, 29)

Williams was going to be a bubble candidate even before the ACL injury, which further complicates things for the Chargers this March. If Williams can’t yet pass a physical, LA will need to carry this contract indefinitely before making a firm decision. There’s a $3M roster bonus due on March 15th, but none of his $17M base salary will become guaranteed until Week 1. The Chargers may opt to process a salary cap conversion, and stash him on a PUP list through the spring.

Also: Brandon Aiyuk (SF), Tim Patrick (DEN), Marquez Valdes-Scantling (KC)

TE: C.J. Uzomah (NYJ, 31)

It doesn’t appear as though the Jets are primed to shake up their roster a whole lot this offseason, but picking up an extra $5.3M of cap space & upgrading the TE room this spring probably makes a lot of sense. Uzomah has just 29 catches in 27 games as a Jet.

Also: Will Dissly (SEA), Jonnu Smith (ATL), Logan Thomas (WSH)

OT: David Bakhtiari (GB, 32)

Much of Bakhtiari’s 5 year, $107M contract has been detoured by injury, as the former 4th round pick has seen action in just 14 games across the past 3 seasons. Green Bay can open up almost $21M of much needed cap space by moving on this March.

Also: Joseph Noteboom (LAR), Chukwuma Okorafor (PIT)

G: Laken Tomlinson (NYJ, 32)

Tomlinson started 16 games last season, but appears to be showing direct signs of decline as his clock turns past 32-years of age. The Jets will certainly focus their offseason on the interior of their offensive line, so opening up $8.1M of cap space by moving on here makes sense.

Also: Austin Corbett (CAR), Ryan Bates (BUF)

C: Corey Linsley (LAC, 32)

Linsley was diagnosed with a heart-related condition during the 2023 season, putting his football career on high notice. The guaranteed portion of his 5 year, $62.5M contract has expired, and the Chargers can open up $8.9M of cap by moving on (or with an expected retirement).

Also: Mason Cole (PIT) 

DL: Devon Godchaux (NE, 29)

Godchaux was on an upward trajectory in New England, just 18 months removed from an extension that secured him $15M guaranteed, but started to see his playing time reduced slightly in the 2023 campaign. He carries a non-guaranteed $8.15M for 2024, all of which can be freed up if the Patriots decide to release or trade him this spring.

Also: D.J. Jones (DEN), Harrison Phillips (MIN), Bryan Mone (SEA)

ED: Joey Bosa (LAC, 28)

The Hot Stove has been full of reports that the Chargers may move on from 32-year-old Khalil Mack this spring (maybe rightfully so?), but the franchise may be more concerned about the availability of Joey Bosa going forward. The former #3 overall pick has been paid over $45M for just 14 games played since 2022. Bosa’s deal contains 2 years, $47.3M remaining, and the Chargers can free up over $14M of space by moving on by March 15th, when a $7M roster bonus is due.

Also: Khalil Mack (LAC), Emmanuel Ogbah (MIA), Tyus Bowser (BAL)

LB: Leighton Vander Esch (DAL, 28)

A neck injury (spinal stenosis) could force Vander Esch to walk away from the game this offseason. $1M of his 2024 salary is fully guaranteed, leading to $2.25M of dead cap against a $4.4M hit.

Also: De'Vondre Campbell (GB)

CB: Xavien Howard (MIA, 30)

Howard agreed to a restructured contract back in April of 2022, earning $37.5M over the past two seasons in Miami. An early trade/release only frees up $2.8M of cap space, but a Post June 1st designation can open up $18.5M on June 2nd. Can the Dolphins afford to keep his $25.9M hit on the books that long?

Also: J.C. Jackson (NE), Tre'Davious White (BUF), Donte Jackson (CAR)

S: Jamal Adams (SEA, 28)

Back to Back to Back IR stints have made Jamal Adams’ 4 year, $70M contract in Seattle one of the tougher ones to swallow. With the guaranteed portion of this contract now expired, the Seahawks can move on this March, freeing up $6M of 2024 cap in doing so.

Also: Budda Baker (ARI), Kevin Byard (PHI), Tracy Walker (DET)

K: Jake Moody (SF, 24)

Will the Niners front office give up on a 2023 3rd round pick this quickly? In most cases this answer would be no, but San Francisco’s reluctance to utilize Moody in big spots down the stretch has to be a factor in how they feel about him long-term. None of the $3.7M due over the next 3 seasons is guaranteed.

Also: Eddy Pineiro (CAR), Anders Carlson (GB)

P: Tress Way (WSH, 33)

Way has spent the past decade in Washington, but a parting could be in the cards this offseason. The Commanders can free up all of his $3.15M salary in the coming months.

Also: Johnny Hekker (CAR), Jamie Gillan (NYG)

Michael GinnittiFebruary 18, 2024

Can you imagine if we knew nothing about the turmoil between Russell Wilson and the Broncos right now? Sometime around March 16th, Adam Schefter would casually drop a tweet letting the world know that Denver was in the process of releasing their fully guaranteed QB, and the football world would have been shook for days.

Unfortunately, Denver is so psyched to move on from him, they let the cat out of the bag last Fall. We’ll detail how this mess might shake out from a financial perspective, offering our best educated guess on how things might go in the coming weeks.

A few quick notes before we get deep into the weeds...

  • Wilson's $39M 2024 compensation is already fully guaranteed
  • Wilson's $22M option bonus for 2024 is due March 17th
  • Wilson's $37M 2025 salary becomes fully guaranteed on March 17th
  • The deal contains $85M of dead cap ($46M bonus proration, $39M cash)

Just Give it To Me Now Doc

If the Broncos really want to cause a stir, they can simply outright release Wilson before March 17th. All that would lead to is a $39M cash payment, and an $85M dead cap hit (a loss of $49.6M against their 2024 cap table). Something tells me they won’t be going this route…

The Classic Post 6/1 Designation

If the Broncos were to do absolutely nothing to this contract, but then designate Wilson a Post 6/1 release prior to March 17th (when his $37M salary for 2025 becomes fully guaranteed), Denver would carry his entire $35.4M salary cap hit into June, then take on dead cap hits of $53M for 2024, & $32M in 2025. Seems backwards right? The issue here is that $22M of Wilson’s 2024 compensation comes in the form of an option bonus. If that option isn’t exercised, it turns into a guaranteed salary. So Denver would be allocating $39M of salary + $14M of bonus proration into the 2024 season per this move. The reason to go this route? Front load the damage, and make the 2025 situation a little more palatable.

Exercise Early

Wilson’s 2024 compensation breaks down as a $17M base salary, & a $22M option bonus - all of which is fully guaranteed. If Denver exercises the option bonus then designates him a Post June 1st release (before March 17th), they can push $17.6M of that cap into 2025, leading to a $35.4M dead hit in 2024, & a $49.6M hit in 2025. This represents $0 savings for the upcoming season, but actually opens up $5.8M of cap for the 2025 season. Just for clarity, Wilson still gets his $39M cash payment in 2024. This is simply a maneuver to adjust the cap allocations a bit.

Cap Convert It All

If the Broncos feel like they need to free up cap space in 2024 by moving on from their $39M guaranteed QB (snarky tone), they can exercise the $22M option bonus AND convert $15.79M of his $17M base salary into a signing bonus this March. Then, a Post June 1st release designation would come with a 2024 dead cap hit of $22.768M, but a 2025 dead cap hit at $62.2M. Again, not ideal - but nothing here will be. Just for clarity, Wilson still gets his $39M cash payment in 2024. This is simply a maneuver to adjust the cap allocations a bit.

Find a Trade Partner

We’re not going to spend too much time here as A) it’s highly unlikely and B) any possibility for a trade will have to include some sort of retained salary, which comes with endless outcomes.

For practicality purposes, let’s just throw this scenario out there. Denver exercises the $22M option bonus, spreading it out over the next 5 seasons of the contract for cap purposes. They then carry Wilson’s $35.4M salary cap hit into June, and pray that somebody’s free agency & draft went horribly wrong a month ago. Now, Wilson is on a $17M guarantee for 2024, & a $37M guarantee for 2025. Is there a team willing to take on Russell Wilson at 2 years, $54M?

Just Let it Ride

By all accounts, the relationship between Denver & Russell Wilson is long past the point of return, but that doesn’t necessarily mean the Broncos have to shred this contract up. Deciding not to play Wilson is not a breach of terms here by any means. The structure of this contract says that these two sides should remain married through 2024 (and 2025, but we won’t go there). Is this situation really that much different than what the TItans just went through with Ryan Tanehill?

Tannehill played out 2023 on a $36.6M cap hit in Tennessee. Injury & poor play saw him lose the starting role midseason, and the Titans simply rolled on. Now that isn’t exactly an apples to apples comparison, as Tannehill will now walk into free agency, leaving behind only $9.2M of voided dead cap. But the point here is that teams have become much less sensitive to dealing with ugly cap charges, even if they don’t net any positive football return.

Wilson will be demanding a trade or release this offseason - there’s no question to be had there - but the Broncos will not be required to comply.

The Likely Outcome

Time travel back to August 31st 2022 and never offer Wilson this contract extension, leaving him on a 2 year, $51M contract that would have expired after the 2023 season, leaving Denver with $0 of dead cap and Wilson the chance to hit free agency?

But back to reality here, it’s not my money so the Classic Post June 1st Designation could be the best way forward here. If we’re reading the Broncos properly, it appears as though a few notable players could be moved on from, signifying a bit of a purge/reset season. In that same breath, declining Wilson’s $22M option bonus, taking the $53M dead cap hit this season, and the $32M hit in 2025 seems to align with this mindset.

A $53M dead cap hit would easily become the highest ever single season cap figure (for an active or inactive player), but that’s the price to pay for bailing out of a monster QB contract 2 years before you’re supposed to.

Michael GinnittiFebruary 11, 2024

With Super Bowl 58 upon us, Spotrac dives into 10 players set to take the field who are eyeing up sizable paydays in the coming weeks and months.

Chris Jones

DEFENSIVE TACKLE, KC, 29

Jones was looking for $30M per year this time last offseason. An unsuccessful holdout & a great 2023 campaign and a $33M+ franchise tag value keeps that hope alive this time around. One of the best interior DLs of this generation should have no trouble securing his asking price on the open market, but we’ll predict a slightly less figure to return to KC (again).

Projected Contract: 3 years, $85M ($75M guaranteed)

Fred Warner

LINEBACKER, SF, 28

Arguably the best off-ball linebacker in all of football, Warner enters a contract year in 2024, set to earn $19.5M against a sizable $24.4M cap figure. Extending the leader of their defense to lower that hit seems a no brainer for the upcoming offseason - but it won’t be cheap.

Projected Contract: 4 years, $80M ($45M guaranteed)

Brandon Aiyuk

WIDE RECEIVER, SF, 25

Heading toward a fully guaranteed $14.1M 5th-year-option season, 49ers WR Brandon Aiyuk remains the 4th option in this Niners offense, but he’s excelled over the past two seasons. Can San Francisco justify another $20M+ weapon on this team, or is a surprise trade forthcoming this March?

Projected Contract: 3 years, $69M ($44M guaranteed)

L'Jarius Sneed

CORNERBACK, KC, 27

Sneed is a strong outside coverage cornerback with the aggressiveness and mindset of a do-it-all safety. This type of resume has generally led to bigger paydays on the open market of late. Sneed is a $16M+ per year player in our system, but Xavien Howard’s $18M per year deal in Miami is a likely target here.

Projected Contract: 4 years, $65M ($35M guaranteed)

Creed Humphrey

CENTER, KC, 25

PFF’s #4 rated center for 2023, Humphrey has filled up every ounce of his rookie contract and then some to date. He became extension eligible for the first time this winter, and should be in the conversation for the largest center contract in NFL history.

Projected Contract: 4 years, $60M ($45M guaranteed)

Charvarius Ward

CORNERBACK, SF, 28

Ward finished up 2023 as PFF’s #6 rated cornerback, notably due to his ability to shut down receivers in coverage. He’s entering a contract year in 2024, set to earn $13M against an $18M cap figure. The Niners can lower that salary cap hit with a multi-year extension this spring.

Projected Contract: 3 years, $45M ($30M guaranteed)

Harrison Butker

KICKER, KC, 29

Butker has entering a contract year in 2024, set to finish out a 6 year, $21M contract in Kansas City. He finished out 2023 as one of the most effective kickers in the game, putting him in line for an extension at or around the $6M per year mark.

Projected Contract: 4 years, $22M ($12M guaranteed)

Drue Tranquill

LINEBACKER, KC, 28

Signed to a 1 year, $3M “showcase” deal by KC this past March, Tranquill proved he’s worthy of a multi-year guarantee this time around. The former 4th round pick by the Chargers could see upwards of $7M per year this March.

Projected Contract: 2 years, $14M

Chase Young

DEFENSIVE END, SF, 24

Young was a surprise move at this past deadline, joining a loaded Niners defense with a chance to reestablish his good name before his first trip to the open market. He’s likely headed for a “showcase” contract we’ve seen so many talented edge rushers take in past offseasons.

Projected Contract: 1 year, $13M + incentives

Javon Kinlaw

DEFENSIVE TACKLE, SF, 26

Kinlaw hasn’t lived up to his #14 overall ceiling, but a strong finish to his rookie contract (3.5 sacks, 25 tackles) sets him up for a potential showcase contract this March.

Projected Contract: 1 year, $5.3M

Michael GinnittiFebruary 09, 2024

The NFL handed out 2023 honors Thursday night, focusing a spotlight on Lamar Jackson, Christian McCaffrey, & a few young Texans. Our look at how each major award winner stands going forward, financially speaking.

LEAGUE MVP

Lamar Jackson (QB, Ravens)

Remaining Contract: 4 years, $180M, $128M practically guaranteed

Lamar rolls into 2024 on a tenable $32.4M cap figure, set to earn $32.5M cash for the upcoming season. If the Ravens (who currently project to around -$1M of cap space) feel the need, they can convert Jackson’s $14.25M base salary into signing bonus, freeing up another $10.5M for March. Otherwise, this contract is locked and loaded for 3 more seasons.

OFFENSIVE PLAYER OF THE YEAR

Christian McCaffrey (RB, 49ers)

Remaining Contract: 2 years, $24.2M, $0M practically guaranteed

McCaffrey will enter his age-28 season on a $14.14M cap hit, 4th most among active RBs for 2024. There’s a very real world where San Francisco offers to rip up the final two years and start fresh with a CMC contract, but for simplified purposes, a base salary conversion can free up $8.4M of cap space for March. The Niners basically stand at cap-zero right now.

DEFENSIVE PLAYER OF THE YEAR

Myles Garrett (DE, Browns)

Remaining Contract: 3 years, $65M, $20M practically guaranteed

Garrett enters Year 5 of a 7 year contract in Cleveland, set to earn just north of $20M cash for 2024 against a $20.1M cap hit. All $20M becomes fully guaranteed on March 15th. Expect the Browns to keep this contract as is for the upcoming season, with a multi-year restructured extension almost certain to come in March of 2025.

OFFENSIVE ROOKIE OF THE YEAR

C.J. Stroud (QB, Texans)

Remaining Contract: 3 years, $12.1M + 2027 option, $12.1M fully guaranteed

Stroud quieted plenty of doubters early, and maintained an historic level of success for a Year 1 QB, leading Houston to a division title & Wild Card win in his first NFL season. His contract can’t be touched until after the 2025 campaign, so the Texans have a few years to bolster a roster around him. They head toward March with $65M of projected cap space, & two 1st round picks in the upcoming draft.

DEFENSIVE ROOKIE OF THE YEAR

Will Anderson (DE, Texans)

Remaining Contract: 3 years, $11.8M + 2027 option, $11.8M fully guaranteed

Houston is just showing off at this point. The Texans already have three absolute home runs from their 2023 draft in Stroud (#2), Anderson (#3), & Tank Dell (#69). The DROY amassed 7 sacks and 45 tackles in just under 60% of Houston’s defensive snaps this season. Look for the Texans’ to bookend him with another stud this spring.

COMEBACK PLAYER OF THE YEAR

Joe Flacco (QB, Browns)

Pending Free Agent

Flacco was signed off of the couch on November 20th, starting 5 regular season games plus the Wild Card matchup in Houston. He posted a decade-best 90.24 rating, while averaging a career-best 323 passing yards per game. Cleveland paid him $1.1M for his efforts, including $400,000 of bonus stemming from his regular season victories. A reunion on a healthy backup contract makes an awful lot of sense here.

WALTER PAYTON AWARD

Cameron Heyward (DL, Saints)

Remaining Contract: 1 year, $16M, $0 practically guaranteed

There are early rumors of retirement stirring in Pittsburgh, as the 35-year-old battled through his lowest production season in over a decade. Heyward holds a $22.4M cap figure for 2024, and the Steelers currently project to carry around -$15M of cap space heading toward March. 

 

Michael GinnittiFebruary 08, 2024

The Super Bowl matchup pairs two teams that have gone down very different financial paths to get here. Our dive into how the 2023 money was allocated for the Kansas City Chiefs & San Francisco 49ers, plus notable players on each eyeing a payday in the coming weeks.

KANSAS CITY CHIEFS

Betting against Patrick Mahomes in January is not a recommended strategy, as the 28-year-old reminded us over the past month. At $236M, KC held the 21st highest cash payroll in 2023, benefiting from a cheaper arsenal of weapons, and a few notable defensive players still on rookie contracts this past season. A huge portion of their offseason money was allocated to RT Jawaan Taylor ($60M guaranteed), & DE Charles Omenihu ($8.6M guaranteed), while the quick development of 2nd round pick WR Rashee Rice certainly factored in down the stretch.

SAN FRANCISCO 49ERS

If you can find a 7th round starting QB who costs you $2.6M over a 3-year span, I highly recommend it. The Niners get (at least) 1 more season of ultimate value out of Brock Purdy, who used some of that extra dough to bring in Javon Hargrave ($40M guaranteed), & extend Nick Bosa ($122.5M guaranteed). San Francisco held the 6th highest cash payroll in the league this past season, paying out over $266M in total. Unlike in 2023, the 49ers currently hold all of their Top 100 draft picks, hoping to find their next wave of financial value as they continue their window of NFC contention.

PROJECTED STARTING LINEUP FINANCIALS

Detailing the combined average salary allocations for the projected Super Bowl starting lineups, broken down by Offense, Defense, & Special Teams.

2023 CASH SPENDING COMPARISON

A look at how KC & SF allocated their cash spending this past season, including where each positional figure ranks throughout the NFL.

Team QB RB/FB WR TE OL DL LB DB S/T TOTAL
Chiefs $60M $4.4M $18.8M $15.2M $48.2M $46.3M $8M $22.3M $7.5M $231M
2nd 28th 20th 11th 11th 12th 31st 5th 8th 16th
49ers $8M $19.1M $17.8M $17.1M $35.9 $98.5 $26M $28.7 $4.4M $255M
29th 3rd 24th 6th 23rd 1st 17th 24th 23rd 5th

EYEING A 2024 PAY DAY

After an unsuccessful holdout, Chiefs DT Chris Jones’ contract will once again come into focus this winter. Will the two sides come to a compromising multi-year agreement this time around? Jones’ projects toward a 3 year, $85M contract in our system.

Chiefs CB L'Jarius Sneed remains one of the best kept secrets in all of football, making big plays in big moments every single week. He’s the #2 CB in KC behind Trent McDuffie, but will certainly be seeking near CB1 money on the open market this winter. He projects toward a 4 year, $64M contract in our system.

Chiefs S Justin Reid isn’t the most decorated DB in the league, but he’s solidified a good, young secondary in KC for two seasons. Tacking on 3 new years to his 2024 season at around $9M-$10M per year makes sense.

Heading toward a fully guaranteed $14.1M 5th-year-option season, 49ers WR Brandon Aiyuk remains the 4th option in this Niners offense, but he’s excelled in this offense over the past two seasons. Can San Francisco justify another $20M+ weapon on this team? Aiyuk projects toward a 4 year, $92M extension in our system.

49ers CB Charvarius Ward has more than outplayed the $27.5M earned over the past two seasons. With a cap hit that spikes to near $18M next year, tacking on additional years to lower the 2024 figure makes sense for all parties here. Ward projects toward a 4 year, $50M extension in our system.

The Niner acquired DE Chase Young from Washington at the deadline, providing ample depth to a DL that is loaded with big names. His 7.5 sacks in 2023 tied a career-high, puting him in decent shape as he nears the open market for the first time. He projects toward a 1 year, $13M incentive-laden deal in our system.

49ers OL Jon Feliciano is more of a part-time role player at this stage of his career, but his presence in depth & starting spots has dramatically improved the consistency of San Fran’s OL this past season. Bringing him back on a slightly north of minimum deal (1 year, $4M?) should be attractive for all here.

2024 CAP OUTLOOK

KC rolls into the offseason with around $23M of Top 51 cap space under their belt, with only 41 players currently under contract. Cap conversions on Patrick Mahomes, Joe Thuney, & Jawaan Taylor can open up over $54M more. 

The Niners will hit the offseason with almost no cap space to operate with initially, but they have plenty of avenues to generate room as needed. Cap conversions for core players McCaffrey, Juszczyk, Samuel, Kittle, Williams, Armstread, Hargrave, & Warner can open up over $87M of cap space this coming March.

Related:
Chiefs Offseason Analysis
49ers Offseason Analysis

Michael GinnittiFebruary 04, 2024

With the Super Bowl now upon us, we'll take our annual look at how this year's starting QBs align with those who have started the big game since the year 2000. The following breakdown shows each starting quarterback's salary cap figure for their Super Bowl season, and the percent of the NFL league salary cap it represented in that year.

Notable Notes

  • Patrick Mahomes 16.52% league cap allocation is the 3rd largest since 2000, behind only Peyton Manning (18.88%, 2009), & Mahomes himself last season (17.19%)
  • Brock Purdy's 0.40% cap hit allocation is the lowest for a starting QB since 2000. Tom Brady (0.46%, 2001) was the low mark for 22 years.
  • 7 of the 48 Super Bowl Starting QBs over the past 24 years carried a less than 1% cap allocation. Brock Purdy becomes the 2nd consectutive NFC QB to carry this designation (Hurts, 2022, 0.79%)
  • The last <1% cap QB to win the Super Bowl? Nick Foles (0.96%, 2017).
  • The average cap % for the last 5 Super Bowl winning QBs: 7.8%
  • The average cap % for the last 5 Super Bowl losing QBs: 6.1%
  • This Super Bowl projects to be the first since 2016 (Brady/Ryan) where at least one of the starting QBs does not sign a contract extension in the following offseason. Patrick Mahomes agreed to a cash restructure this past summer, & Brock Purdy is ineligible for a new contract.
Season NFL CAP   TEAM QUARTERBACK CAP HIT NFL CAP %   TEAM QUARTERBACK CAP HIT NFL CAP %
2023 $224,800,000   KC P. Mahomes $37,133,825 16.52%   SF B. Purdy $889,252 0.40%
2022 $208,200,000   KC P. Mahomes $35,793,381 17.19%   PHI J. Hurts $1,643,230 0.79%
2021 $182,500,000   LAR M. Stafford $20,000,000 10.96%   CIN J. Burrow $8,225,031 4.51%
2020 $198,200,000   TB T. Brady $25,000,000 12.61%   KC P. Mahomes $5,346,508 2.70%
2019 $188,200,000   KC P. Mahomes $4,479,776 2.38%   SF J. Garoppolo $20,000,000 10.63%
2018 $177,200,000   NE T. Brady $22,000,000 12.42%   LAR J. Goff $7,619,365 4.30%
2017 $167,000,000   PHI N. Foles $1,600,000 0.96%   NE T. Brady $14,000,000 8.38%
2016 $155,270,000   NE T. Brady $13,764,705 8.87%   ATL M. Ryan $23,750,000 15.30%
2015 $143,280,000   DEN P. Manning $17,500,000 12.21%   CAR C. Newton $13,000,000 9.07%
2014 $133,000,000   NE T. Brady $14,800,000 11.13%   SEA R. Wilson $817,302 0.61%
2013 $123,600,000   SEA R. Wilson $681,085 0.55%   DEN P. Manning $17,500,000 14.16%
2012 $120,600,000   BAL J. Flacco $8,000,000 6.63%   SF C. Kaepernick $1,164,613 0.97%
2011 $120,375,000   NYG E. Manning $14,100,000 11.71%   NE T. Brady $12,950,000 10.76%
2010* $121,700,000   GB A. Rodgers $6,500,000 5.34%   PIT B. Roethlisberger $10,355,882 8.51%
2009 $123,000,000   NO D. Brees $10,347,900 8.41%   IND P. Manning $23,216,666 18.88%
2008 $116,000,000   PIT B. Roethlisberger $8,247,500 7.11%   ARI K. Warner $6,000,000 5.17%
2007 $109,000,000   NYG E. Manning $11,716,666 10.75%   NE T. Brady $7,345,160 6.74%
2006 $102,000,000   IND P. Manning $8,550,000 8.38%   CHI R. Grossman $1,530,000 1.50%
2005 $85,500,000   PIT B. Roethlisberger $4,220,250 4.94%   SEA M. Hasselbeck $6,600,000 7.72%
2004 $80,582,000   NE T. Brady $5,058,750 6.28%   PHI D. McNabb $8,709,522 10.81%
2003 $75,007,000   NE T. Brady $3,318,750 4.42%   CAR J. Delhomme $1,780,000 2.37%
2002 $71,101,000   TB B. Johnson $6,800,000 9.56%   OAK R. Gannon $3,714,285 5.22%
2001 $67,405,000   NE T. Brady $310,833 0.46%   STL K. Warner $2,334,523 3.46%
2000 $62,172,000   BAL T. Dilfer $1,000,000 1.61%   NYG K. Collins $2,210,000 3.55%
Michael GinnittiJanuary 24, 2024

Another early postseason exit has Cowboys Nation up in arms, but with news that Head Coach Mike McCarthy will be returning for the 2024 campaign, the immediate offseason focus turns to QB Dak Prescott. We’ll outline a few options that Dallas possesses with their current QB1 in the coming weeks.

Do Nothing

Prescott is entering a contract year in 2024, set to earn $34M cash against a whopping $59.455M cap hit. This represents 24.5% of the projected $242.5M league salary cap for next season (Aaron Rodgers’ league high $40.3M cap hit in 2023 represented 17.9% of this past season’s cap).

Highest Single Season Cap Hits

  1. Matt Ryan (2022, IND), $40,525,000 (19.4%)
  2. Aaron Rodgers (2023, GB), $40,313,568 (17.9%)
  3. Ryan Tannehill (2022, TEN), $38,600,000 (18.5%)
  4. Patrick Mahomes (2023, KC), $37.1M (16.5%)
  5. Jimmy Garoppolo (2018, SF), $37M (20.8%)

In other words, 24.5% of the league cap would be significantly higher than any team has ever allocated before.

Process a Mini Conversion

There are two elements to Dak Prescott’s cash output for 2024, a $29M base salary, & a $5M roster bonus, set to be paid out March 17th, 2024.

Dak’s contract already contains $36,460,000 of dead cap in 2025 once the contract voids. Any sort of cap conversion will only add to this figure, so if Dallas’ plan may be to move on from Prescott after the 2024 season, they’ll want to tread lightly in this regard.

By converting the $5M roster bonus + $10M of the base salary into a signing bonus, spread out over 5 years (2024 + 4 void years), Dak’s cap hit for next season can drop from $59.455M down to $47.4M, or 19.4% of the projected league salary cap. This maneuver increases the voided dead cap in 2025 from $36.46M to $48.46M. Sounds like a lot (and it is), but keep in mind that the 2025 league salary cap should be in the $260M range, keeping things within compliance from a percentage standpoint.

This option would be the best way for Dallas to manage their roster in 2024 without investing any more guaranteed cash to Dak Prescott.

Process a Full Conversion

If the Cowboys are hesitant to extend Dak this offseason, but still want to maximize their ability to build out a roster around him in 2024, they can process a complete base salary & roster conversion.

This involves lowering his $29M base salary down to a league minimum $1.21M, converting the remaining $27.79M + his $5M roster bonus into a signing bonus.

The move results in a cap decrease from $59.455M down to $33.223M, a savings of $26.2M for the upcoming season. 2024’s pleasure becomes 2025’s pain however, as the dead cap hit waiting when the contract voids has now increased to $62.7M (nearly 25% of the projected salary cap).

This option should only be on the table if the Cowboys are more than likely to extend Dak Prescott before his contract voids (2 days prior to the 2025 league year), but want to wait until the very last possible moment to actually do so (See: The Negotiation Timeline for Dak’s 1st Extension)

Negotiate an Extension

Here’s the thing. Dak Prescott knows a few things that don’t really need to be said out loud.

  1. His current cap hit is a problem for the Cowboys, and must be adjusted somehow
  2. A viable replacement QB is not currently on the Dallas roster (despite Trey Lance’s draft projections)
  3. Based on the void timing & structure of his current contract, if the Cowboys don’t extend Dak this offseason, he will walk into the open market next March - barring an offer that goes above and beyond to prevent him from doing so.

So what does an “above & beyond” offer look like right now? Something like $60M per year, $115M guaranteed, and only 3 new years - allowing Dak to be right back in this situation again before he hits 35 years old.

This is the most expensive option (obviously), but also the most logical one. Dak was a leading MVP candidate for much of the 2023 regular season. The coaching staff may turnover in the next 18-24 months, but it seems unlikely that the QB will as well.

Trade Dak this Summer

It’s only here because it’s an option, & I promised you the options Dallas has available to them. Trading Prescott before June 1st means a dead cap hit of $61.9M (a $2.4M cap loss). So that leaves us with a Post June 1st transaction here.

  • Problem #1: His $5M roster bonus gets paid March 17th
  • Problem #2: 2024 draft picks wouldn’t be included in the trade
  • Problem #3: Dallas would be freeing up $34M in cap space in June, after all of the free agents have been snatched up.
  • Problem #4: Trying to trade a player on an expiring contract who will require nearly $200M from his new team at the last minute doesn’t exactly lead to great return value. Once everyone knows you need to trade a player, you might as well start cutting your asking price in half.
  • Problem #5: Dak is a great quarterback, in a league that requires a great quarterback to win. Finding another great quarterback isn’t something you can just say you’re going to do - and then do.

Concluding Thoughts

Not much left to be said here. Dallas dragged out Dak Prescott’s first go around at a veteran contract and were forced into a truncated, high-cash structure. That’s exactly where things stand again just 3 years later, so the only likely option is a smaller than usual, top of the market QB extension. Dak and the Cowboys agree on a 3 year, $175M extension, with the largest signing bonus in NFL history (Lamar, $72.5M).

Dallas keeps their QB1, frees up significant 2024 cap space, & locks in WR CeeDee Lamb to pair up with Dak for the next 3 years fully guaranteed. It leads to a few cap casualties throughout the roster, but for the most part, this Cowboys group runs things back in 2024, looking to last a little longer in the month of January this time around.

Michael GinnittiJanuary 23, 2024

The 2023 NFL season is down to it's Final Four, with the #1 Baltimore Ravens, #3 Detroit Lions, #3 Kansas City Chiefs, & #1 San Francisco 49ers set to face off in this upcoming weekend's Conference Championships. We'll take a look back at the 2023 financials that helped bring them here, including offseason spending, notable draft picks, positional spending, & 2024 outlooks.

A Few Notable Notes

Baltimore Ravens

The Ravens held the #2 overall cash payroll in 2023, thanks largely to QB Lamar Jackson’s historic $80M payout this past season. As per usual, the Ravens were near the bottom of the league in terms of free agent spending ($41.5M), bringing in a dozen or so veteran minimum contracts, and a sizable 1 year deal for WR Odell Beckham, Jr. Extensions for Jackson ($260M),  & DT Broderick Washington ($15.75M) drove much of the offseason, while a $14M rookie contract for WR Zay Flowers appears to be one of the best values in all of football out of the gate.

2023 Positional Cash Spending

QB RB WR TE OL DL LB DB S/T TOTAL
$84M $10.4M $34.4M $9.5M $33.7M $19.6M $42.1M $41M $9.7M $284M
1st 14th 8th 18th 25th 29th 6th 9th 4th 1st

Eyeing a 2024 Pay Day

DT Justin Madubuike posted a career year (by a mile), finishing 2023 with 13 sacks, 56 tackles & 2 forced fumbles. He projects to a 4 year, $82M contract this March.

LB Patrick Queen excelled next to Roquan Smith, putting himself in line to make a financial splash this March. Tremaine Edmunds’ 4 year, $72M deal in Chicago stands as Queen’s floor.

WR Odell Beckham, Jr. didn’t put together a season of statistics worthy of much attention, but his ability to rise up in big situations may be the single most important difference between Ravens old and Ravens present. Tacking on another year to this contract (around $12M) to keep the current deal from voiding makes sense here.

2024 Cap Outlook

The Ravens are currently operating with an estimated $5.6M of Top 51 cap space in 2024, with only 38 players under contract. Cap conversions for Lamar Jackson, Mark Andrews, & Ronnie Stanley (to name a few) can open up another $29M more.

Related: Ravens Offseason Analysis

Detroit Lions

The Lions have officially arrived, bringing a mix of Dan Campbell’s grit & toughness with flashes of offensive explosiveness. This is a well built roster, boasting young, inexpensive talent on both sides of the ball. Detroit handed out $67M of guaranteed in free agency this past offseason, adding the likes of CB Cameron Sutton, LB Alex Anzalone, S Chauncey Gardner-Johnson, & RB David Montgomery. From a total cash standpoint, the Lions ranked 27th in the league, paying out over $213M in 2023. For the most part though, this season was about the immediate impact of their recent draft - including RB Jahmyr Gibbs, TE Sam LaPorta, & S Brian Branch, all of whom appear to be long-term starters on this roster.

2023 Positional Cash Spending

QB RB WR TE OL DL LB DB S/T TOTAL
$32M $18.5M $12.2M $7.4M $41.1M $15.2M $23.4M $44.5M $4.7M $198.7M
13th 4th 28th 24th 16th 30th 18th 6th 21st 27th

Eyeing a 2024 Pay Day

WR Amon-Ra St. Brown is entering a contract year in 2024, coming off a 119 catch, 1,515 yard, 10 TD season in Detroit. He projects toward a 4 year, $108M extension in our system.

QB Jared Goff is entering a contract year in 2024, set to earn $26.6M against a $31.6M cap hit. Goff posted an outstanding 2023, finishing the season with 4,575 yards, & 30 TDs while completing over 67% of his passes. He projects toward a 4 year, $150M extension in our system (but $180M seems a more logical floor here).

After 8 seasons in Detroit, LT Taylor Decker finally gets a taste of winning. He enters a contract year in 2024, set to earn $13.7M against a $19.1M cap hit. He projects toward a 4 year, $60M extension in our system.

2024 Cap Outlook

The Lions enter 2024 with around $61M of Top 51 cap space, but with only 31 players currently under contract. It’ll be an offseason full of internal extensions, & free agent signings as this Detroit franchise continues to build up a more long-term window of contention.

Related: Lions Offseason Analysis

Kansas City Chiefs

Betting against Patrick Mahomes in January is not a recommended strategy, as the 28-year-old reminded us over the past two weeks. At $236M, KC held the 21st highest cash payroll in 2023, benefiting from a cheaper arsenal of weapons, and a few notable defensive players still on rookie contracts this past season. A huge portion of their offseason money was allocated to RT Jawaan Taylor ($60M guaranteed), & DE Charles Omenihu ($8.6M guaranteed), while the quick development of 2nd round pick WR Rashee Rice certainly factored in down the stretch.

2023 Positional Cash Spending

QB RB WR TE OL DL LB DB S/T TOTAL
$60M $4.4M $18.8M $15.2M $48.2M $46.3M $8M $22.3M $7.5M $231M
2nd 28th 20th 11th 11th 12th 31st 5th 8th 16th

Eyeing a 2024 Pay Day

After an unsuccessful holdout, DT Chris Jones’ contract will once again come into focus this winter. Will the two sides come to a compromising multi-year agreement this time around? Jones’ projects toward a 3 year, $85M contract in our system.

CB L'Jarius Sneed remains one of the best kept secrets in all of football, making big plays in big moments every single week. He’s the #2 CB in KC behind Trent McDuffie, but will certainly be seeking near CB1 money on the open market this winter. He projects toward a 4 year, $64M contract in our system.

S Justin Reid isn’t the most decorated DB in the league, but he’s solidified a good, young secondary in KC for two seasons. Tacking on 3 new years to his 2024 season at around $9M-$10M per year makes sense.

2024 Cap Outlook

KC rolls into the offseason with around $27M of Top 51 cap space under their belt, with only 41 players currently under contract. Cap conversions on Patrick Mahomes, Joe Thuney, & Jawaan Taylor can open up over $54M more.

Related: Chiefs Offseason Analysis

San Francisco 49ers

If you can find a 7th round starting QB who costs you $2.6M over a 3-year span, I highly recommend it. The Niners get (at least) 1 more season of ultimate value out of Brock Purdy, who used some of that extra dough to bring in Javon Hargrave ($40M guaranteed), & extend Nick Bosa ($122.5M guaranteed). San Francisco held the 6th highest cash payroll in the league this past season, paying out over $266M in total. Unlike in 2023, the 49ers currently hold all of their Top 100 draft picks, hoping to find their next wave of financial value as they continue their window of NFC contention.

2023 Positional Cash Spending

QB RB WR TE OL DL LB DB S/T TOTAL
$8M $19.1M $17.8M $17.1M $35.9 $98.5 $26M $28.7 $4.4M $255M
29th 3rd 24th 6th 23rd 1st 17th 24th 23rd 5th

Eyeing a 2024 Pay Day

Heading toward a fully guaranteed $14.1M 5th-year-option season, WR Brandon Aiyuk remains the 4th option in this Niners offense, but he’s excelled in this offense over the past two seasons. Can San Francisco justify another $20M+ weapon on this team? Aiyuk projects toward a 4 year, $92M extension in our system.

CB Charvarius Ward has more than outplayed the $27.5M earned over the past two seasons. With a cap hit that spikes to near $18M next year, tacking on additional years to lower the 2024 figure makes sense for all parties here. Ward projects toward a 4 year, $50M extension in our system.

OL Jon Feliciano is more of a part-time role player at this stage of his career, but his presence in depth & starting spots has dramatically improved the consistency of San Fran’s OL this past season. Bringing him back on a slightly north of minimum deal (1 year, $4M?) should be attractive for all here.

2024 Cap Outlook

The Niners will hit the offseason with almost no cap space to operate with initially, but they have plenty of avenues to generate room as needed. Cap conversions for core players McCaffrey, Juszczyk, Samuel, Kittle, Williams, Armstread, Hargrave, & Warner can open up over $87M of cap space this coming March.

Related: 49ers Offseason Analysis

Michael GinnittiJanuary 17, 2024

Every week, Spotrac calculates the True Value of each NFL player based on their cumulative production in a given season, against their average annual salary. This results in a “Madden Grade” type output for every player, that in turn provides us with our annual Best Value NFL Roster. Here’s how the 2023 campaign shook out:

RELATED: Spotrac’s Calculated Team Value Rankings

QUARTERBACK

Brock Purdy (49ers)

TVS: 96.99

Purdy likely finishes within the Top 3 of the MVP vote when it’s all said and done, due to a combination of outstanding decision making - and a very talented SF roster. Purdy’s $934,252 average salary ranked 89th among active QBs. The 2022 7th round pick isn’t eligible for an extension until after the 2024 season.

ALSO: Josh Allen (Bills, 92.95), C.J. Stroud (Texans, 89.82), Full List

RUNNING BACK

Kyren Williams (Rams)

TVS: 98.81

One of the big reasons the Rams were relevant in 2023 - let alone a playoff team, Williams ran for 1,000 yards more in his second season than he did in his rookie campaign. He caught 32 passes, finding the end zone 15 total times for LA, and his $992,601 average salary ranked 95th among active running backs this past season. The 2022 5th rounder won’t become extension eligible until after the 2024 season.

ALSO: Raheem Mostert (Dolphins, 98.28), Breece Hall (Jets, 91.91), Full List

WIDE RECEIVER

CeeDee Lamb (Cowboys)

TVS: 99.70

Lamb’s production output has significantly increased each of his first 4 NFL seasons, culminating with a monster 2023 (135 catches, 1,749 yards, 12 TDs). His $3.5M average salary ranked 61st among 2023 Wide Receivers, but Dallas’ days of value are likely over. Lamb holds a $17.9M fully guaranteed salary in 2024, and a $28.8M market value in our system. There’s a very real world where he becomes the highest paid WR in the history of football in the coming weeks.

TOP VETERAN: Tyreek Hill (Dolphins, 87.29)
ALSO: Amon-Ra St. Brown (Lions, 99.30), Nico Collins (Texans, 98.82), Full List

TIGHT END

Sam LaPorta (Lions)

TVS: 99.71

Year 1 of the LaPorta project exceeded expectations across the board (86 catches, 889 yards, 10 TDs). His $2.3M average salary ranked 36th among active Tight Ends, offering the Lions extraordinary value for at least two more seasons. He’s on track to reset the position financially after the 2025 campaign.

ALSO: Trey McBride (Cardinals, 97.33), George Kittle (49ers, 97.00), Full List

LEFT TACKLE

Christian Darrisaw (Vikings)

TVS: 98.46

For the second straight season, Darrisaw finds himself to be the best value Left Tackle in all of football, carrying a $3.3M average salary (26th among active LTs). The 2021 #23 overall selection is now extension-eligible for the first time in Minnesota, projecting toward a massive 4 year, $98.5M extension in our system.

ALSO: Tristan Wirfs (Buccaneers, 97.34), Trenton Brown (Patriots, 93.43), Full List

Guard

Kevin Dotson (Rams)

TVS: 99.08

After a lackluster 2022 campaign, Dotson was acquired by LA from the Steelers in exchange for a few later round pick swaps last August. He proceeded to be one of the most efficient guards in the league, establishing himself as one of the better pending free agents this coming March. Dotson’s $988,454 average salary ranked 116th among active Guards last season.

TOP VETERAN: Greg Van Roten (Raiders, 93.62)
ALSO: Quinn Meinerz (Broncos, 98.68), Samuel Cosmi (Commanders, 97.14), Full List

CENTER

Drew Dalman (Falcons)

TVS: 98.82

Dalman chimed in as the #6 best value Center in 2022, but really took his play to the next level in 2023. The 2021 4th round pick is now extension-eligible for the first time, projecting toward a 4 year, $52M contract in our system.

TOP VETERAN: Connor Williams (Dolphins, 86.65)
ALSO: Creed Humphrey (Chiefs, 96.52), Lloyd Cushenberry (Broncos, 92.46), Full List

RIGHT TACKLE

Penei Sewell (Lions)

TVS: 97.64

After a breakout season in 2022, Sewell soars to the top of the list this past campaign, setting himself apart from the rest of the notable, young, Right Tackles in the league. His $6M AAV ranked 17th among active RTs last season, but this is a player soon to reset his positional financial market sooner rather than later. Sewell projects toward a 4 year, $90M extension in our system.

ALSO: Morgan Moses (Ravens, 89.56), Spencer Brown (Bills, 85.92), Full List

DEFENSIVE TACKLE

Justin Madubuike (Ravens)

TVS: 99.05

One of the more underrated stars of the season, Madubuike posted 13 sacks, 56 tackles, and 2 forced fumbles for one of the league’s best defenses. It’s a career, breakout year for a pending free agent who now projects toward a 4 year, $80M contract in our system.

TOP VETERAN: Zach Sieler (Dolphins, 90.86)
ALSO: Christian Barmore (Patriots, 98.51), Kobie Turner (Rams, 97.33), Full List

EDGE DEFENDER

Josh Allen (Jaguars)

TVS: 99.52

The Jaguars faltered down the stretch, but that shouldn’t take away from another outstanding year, & 5 straight seasons of productive improvement from “that other Josh Allen”. The pending free agent is a top franchise tag candidate who projects to a 5 year, $120M contract in our system this winter.

TOP VETERAN: Jadeveon Clowney (Ravens, 96.08)
ALSO: Jonathan Greenard (Texans, 98.07), Micah Parsons (Cowboys, 97.73), DE, OLB

LINEBACKER

Tyrel Dodson (Bills)

TVS: 97.67

Dodson stepped into the starting role for Buffalo in Week 4, as the Bills’ defensive injuries began to pile up. He more than held up his end of a 1 year, $2M contract, factoring greatly into Buffalo’s push into the postseason down the stretch. Will the 25-year-old secure a multi-year guarantee on the open market this time around?

ALSO: Ernest Jones (Rams, 93.74), Kyle Van Noy (Ravens, 89.64), Full List

CORNERBACK

DaRon Bland (Cowboys)

TVS: 99.61

Bland stepped in for the injured Trevon Diggs during the Cowboys’ Week 3 game and never looked back, posting 69 tackles & a whopping 9 interceptions through the remainder of 2023. The 2022 5th rounder has 2 years, $2M non-guaranteed remaining on his rookie contract, providing Dallas with at least one more year of potential value.

TOP VETERAN: Mike Hilton (Bengals, 91.00)
ALSO: Paulson Adebo (Saints, 93.88), Devon Witherspoon (Seahawks, 93.54), Full List

SAFETY

Antoine Winfield Jr. (Buccaneers)

TVS: 99.44

The 1st-Team All-Pro but non-Pro Bowler gave us zero chance to snub it when it came to value. Winfield capped off his rookie contract with 122 tackles, 6 forced fumbles, & 3 interceptions, putting him in line for a 2024 franchise tag while projecting toward a 5 year, $94M contract in our system. This conversation begins at $21M per year however.

TOP VETERAN: Julian Love (Seahawks, 83.85)
ALSO: Xavier McKinney (Giants, 99.29), Jevon Holland (Dolphins, 97.58) Free Safeties, Strong Safeties

KICKER

Chase McLaughlin (Buccaneers)

TVS: 99.94

McLaughlin made 29 of 31 attempted field goals in 2023 while going a perfect 33 for 33 on extra points this past season, all while playing on a veteran minimum $1.1M contract in Tampa Bay. It seems fair to assume that these two sides will continue this marriage in 2024.

ALSO: Cameron Dicker (Chargers, 89.75), Brandon Aubrey (Cowboys, 87.68), Full List

PUNTER

A.J. Cole (Raiders)

While we don’t track punting statistics at Spotrac, it felt necessary to include the 1st-Team All-Pro selection here. Cole led the NFL with a net average of 45.1 per punt, with 34 of them landing inside the 20 yard line this past season. The 28-year-old holds 2 years, $6.3M non-guaranteed left on his $3M per year contract in Las Vegas.

Michael GinnittiJanuary 15, 2024

Spotrac’s 2024 NFL Offseason Series continues with a look at each of the four AFC North teams, breaking down their estimated Top 51 cap space, pending unrestricted free agents, a few notable bubble players, and potential ways to free up more cap space this winter. 

AFC: NORTH | EAST | SOUTH | WEST
NFC: NORTH | EAST | SOUTH | WEST

Chicago Bears

The Bears fell into a pretty nice situation here. How they’ll handle the #1 overall pick, Justin Fields, etc… remains to be seen, but when also factoring in over $60M of Top 51 cap space this offseason, they stand to hold as much power as any team in the league this winter. Will Chicago subtract a few pieces and ramp up even more cap space, or will this be an offseason of addition?

NOTABLE PENDING UFAS

QUARTERBACK
Bubble: Justin Fields

RUNNING BACK
D'Onta Foreman
Bubble: Travis Homer

WIDE RECEIVERS
Darnell Mooney, Equanimeous St. Brown, Trent Taylor

TIGHT ENDS
Robert Tonyan Jr., Marcedes Lewis

OFFENSIVE LINE
Lucas Patrick, Dan Feeney
Bubble: Cody Whitehair

DEFENSIVE LINE
Justin Jones

EDGE DEFENDERS
Rasheem Green, Yannick Ngakoue

LINEBACKERS
None.

SECONDARY
Jaylon Johnson (CB),
Bubble: Eddie Jackson

SPECIAL TEAMS
Patrick Scales (LS)

CAP CLEARING POSSIBILITIES

  • Trade QB Justin Fields, freeing up $3.2M of cap
  • Release RB Travis Homer, freeing up $1.8M of cap
  • Extend WR D.J. Moore, lowering his $16M cap hit for 2024. Moore projects toward a 3 year, $71M extension in our system.
  • Process a full base salary conversion on TE Cole Kmet, freeing up $7M of cap when factoring in 1 void year
  • Release OL Cody Whitehair, freeing up $9.1M of cap
  • Process a full base salary conversion on OL Nate Davis, freeing up $6.1M of cap when factoring in 3 void years.
  • Process a full base salary + $5M roster bonus conversion on LB Tremaine Edmunds, freeing up $15M of cap when factoring in 2 void years.
  • Process a full base salary conversion on LB T.J. Edwards, freeing up $3.8M of cap when factoring in 3 void years.
  • Release S Eddie Jackson, freeing up $12.5M of cap

RELATED LINKS

Detroit Lions

Hard not to root for what the Lions have become in 2023. Can they use the 2024 winter to take things to the next level? The offseason likely starts with a brand new contract for QB1 Jared Goff, who enters a contract year this season. The Lions carry around $61M of Top 51 cap space, with rookie contract value all over this roster.

NOTABLE PENDING UFAS

QUARTERBACK
Teddy Bridgewater, Nate Sudfeld

RUNNING BACK
Craig Reynolds

WIDE RECEIVERS
Josh Reynolds, Donovan Peoples-Jones

TIGHT ENDS
None.

OFFENSIVE LINE
G Jonah Jackson, T Matt Nelson, G Halapoulivaati Vaitai, G Graham Glasgow

DEFENSIVE LINE
None.

EDGE DEFENDERS
Charles Harris, Romeo Okwara, Jalen Reeves-Maybin
Bubble: John Cominsky
LINEBACKERS
Julian Okwara

SECONDARY
S Chauncey Gardner-Johnson, CB Kindle Vildor, S Will Harris, CB Emmanuel Moseley
Bubble: Tracy Walker

SPECIAL TEAMS
K Michael Bagdley, LS Jake McQuaide

CAP CLEARING POSSIBILITIES

  • Extend QB Jared Goff, lowering his current $31.6M cap hit for 2024. Goff projects toward a 4 year, $150M extension in our system, but it seems logical to assume a $40M per year starting point with this negotiation.
  • Process a full base salary conversion for RB David Montgomery, freeing up $3.3M of cap when factoring in 3 void years.
  • Extend LT Taylor Decker, lowering his current $19.1M cap hit for 2024. Decker projects toward an extension that holds the same $15M AAV he’s been playing on for 4 seasons.
  • Process a full base salary conversion on C Frank Ragnow, freeing up $5.4M of cap when factoring in 2 void years.
  • Release DE John Cominsky, freeing up $4.5M of cap.
  • Process a full base salary conversion on LB Alex Anzalone, freeing up $3.8M of cap when factoring in 3 void years.
  • Process a full base salary conversion on CB Cameron Sutton, freeing up $7.4M of cap when factoring in 3 void years.
  • Release S Tracy Walker, freeing up $5.5M of cap

RELATED LINKS

Green Bay Packers

The Jordan Love era is officially here, and the rest of the league is miserable about it. It sure looks like Green Bay is smoothly transitioning into yet another well above average QB1 without skipping a beat. Love’s success will come with a price this offseason, as it seems highly unlikely that he’ll operate under an $11M salary for 2024. Future questions surrounding RB Aaron Jones,  & David Bakhtiari could offer a bit of a shakeup to this roster, & with around $8M of Top 51 cap space to their name right now, it’s fair to assume the Packers will be plenty active in the coming week.

NOTABLE PENDING UFAS

QUARTERBACK
None.

RUNNING BACK
A.J. Dillon
Bubble: Aaron Jones

WIDE RECEIVERS
None.

TIGHT ENDS
Josiah Deguara

OFFENSIVE LINE
Jon Runyan, Yosh Nijman
Bubble: David Bakhtiari

DEFENSIVE LINE
None.

EDGE DEFENDERS
None.

LINEBACKERS
Eric Wilson

SECONDARY
CB Keisean Nixon, S Darnell Savage, S Jonathan Owens
Bubble: Nick Scott (S)

SPECIAL TEAMS
None.

CAP CLEARING POSSIBILITIES

  • Extend QB Jordan Love, potentially lowering his current $12.7M cap hit for 2024. Love projects toward a 4 year, $180M extension in our system.
  • Process a full base salary conversion on RB Aaron Jones, freeing up $7.9M of cap when factoring in 4 void years.
  • Release OT David Bakhtiari, freeing up $20.2M of cap.
  • Process a $5.1M roster bonus conversion on OL Elgton Jenkins, freeing up $4M of cap when factoring in 2 void years.
  • Extend DT Kenny Clark, lowering his current $27.4M cap hit for 2024. Clark projects toward a 3 year, $51M extension in our system.
  • Process a $5.4M roster bonus conversion on LB Preston Smith, freeing up $4.3M of cap when factoring in 2 void years.
  • Process a $6.2M roster bonus conversion on EDGE Rashan Gary, freeing up $4.9M of cap when factoring in 1 void year.
  • Process a full base salary + $2.9M roster bonus conversion on LB De'Vondre Campbell, freeing up $6.9M of cap when factoring in 2 void years.
  • Process a full base salary + $8M roster bonus conversion on CB Jaire Alexander, freeing up $10.8M of cap when factoring in 2 void years.

RELATED LINKS

Minnesota Vikings

All signs point to the Vikings running back pending free agent QB Kirk Cousins, and likely plenty more pieces to their puzzle for the 2024 campaign and beyond. A big extension for star WR Justin Jefferson must hit the books this winter, as should a sizable deal for LT Christian Darrisaw. Minnesota, who carries around $39M of Top 51 cap space, will need to pay big this offseason to stay relevant in the NFC North.

NOTABLE PENDING UFAS

QUARTERBACK
Kirk Cousins, Joshua Dobbs
Bubble: Nick Mullens

RUNNING BACK
None.

WIDE RECEIVERS
K.J. Osborn, Brandon Powell

TIGHT ENDS
Johnny Mundt

OFFENSIVE LINE
G Dalton Risner, T Oli Udoh, T David Quessenberry, G Austin Schlottmann
Bubble: Jedrick Wills

DEFENSIVE LINE
Jonathan Bullard
Bubble: Harrison Phillips

EDGE DEFENDERS
Danielle Hunter, D.J. Wonnum, Marcus Davenport
Bubble: Dean Lowry

LINEBACKERS
Jordan Hicks, Anthony Barr

SECONDARY
Bubble: S Harrison Smith, CB Byron Murphy

SPECIAL TEAMS
K Greg Joseph

CAP CLEARING POSSIBILITIES

  • Extend QB Kirk Cousins, lowering his current $28.5M voided dead cap hit for 2024. Cousins projects toward  3 year, $120M extension in our system.
  • Release QB Nick Mullens, freeing up $1.8M of cap.
  • Process a full base salary conversion on RB Alexander Mattison, freeing up $1.74M of cap when factoring in 4 void years.
  • Extend WR Justin Jefferson, lowering his current $19.7M cap hit for 2024. Jefferson projects toward a 4 year, $118M extension in our system.
  • Process a full base salary conversion on TE T.J. Hockenson, freeing up $7M of cap when factoring in 1 void year.
  • Process a full base salary conversion on TE Josh Oliver, freeing up $2.8M of cap when factoring in 4 void years.
  • Process a full base salary conversion on OL Brian O'Neill, freeing up $10.6M of cap whe factoring in 2 void years.
  • Release DT Harrison Phillips, freeing up $6.5M of cap
  • Release DE Dean Lowry, freeing up $4.4M of cap.
  • Extend OLB Danielle Hunter, lowering his current $14.9M voided dead cap hit. Hunter projects toward a 3 year, $60M extension in our system.
  • Release S Harrison Smith, freeing up $11.3M of cap.
  • Process a full base salary conversion on CB Byron Murphy, freeing up $5.7M of cap when factoring in 4 void years.

RELATED LINKS

Michael GinnittiJanuary 14, 2024

Spotrac’s 2024 NFL Offseason Series continues with a look at each of the four AFC North teams, breaking down their estimated Top 51 cap space, pending unrestricted free agents, a few notable bubble players, and potential ways to free up more cap space this winter. 

AFC: NORTH | EAST | SOUTH | WEST
NFC: NORTH | EAST | SOUTH | WEST

Baltimore Ravens

A long offseason of “will they won’t they” with Lamar culminated in a #1 seed for the Ravens, & an MVP for their QB1. But Baltimore won’t be able to rest on their laurels too long, as they boast 10 players who took at least 50% of the 2023 snaps scheduled for unrestricted free agency this March. The Ranves boast around $5M of Top 51 Cap space heading toward the offseason.

NOTABLE PENDING UFAS

QUARTERBACK
Tyler Huntley

RUNNING BACK
Gus Edwards, JK Dobbins

WIDE RECEIVERS
Odell Beckham, Jr., Nelson Agholor, Devin Duvernay, Laquon Treadwell

TIGHT ENDS
None.

OFFENSIVE LINE
G John Simpson, G Kevin Zeitler

DEFENSIVE LINE
Justin Madubuike, Brent Urban

EDGE DEFENDERS
Jadeveon Clowney
Bubble: Tyus Bowser

LINEBACKERS
Patrick Queen

SECONDARY
Geno Stone (S), Ronald Darby (CB), Arthur Maulet (CB), Rock Ya-Sin (CB), Daryl Worley (CB)

SPECIAL TEAMS
None.

CAP CLEARING POSSIBILITIES

  • Process a full base salary conversion on QB Lamar Jackson, freeing up $10.5M of cap
  • Extend WR Odell Beckham, Jr., lowering his current $11M voided dead cap hit. OBJ projects toward a 1 year, $12M extension in our system.
  • Process a full base salary + $4M roster bonus conversion on TE Mark Andrews, freeing up $7.9M of cap when factoring in 3 void years.
  • Process a full base salary + $4M roster bonus conversion on OL Ronnie Stanley, freeing up $11M of cap when factoring in 3 void years.
  • Extend RT Morgan Moses, lowering his current $6.96M cap hit in 2024. Moses projects toward a 1 year, $4.5M extension in our system.
  • Release OL Patrick Mekari, freeing up $4.3M of cap.
  • Release OLB Tyus Bowser, freeing up $5.5M of cap
  • Process a full base salary conversion on CB Marlon Humphrey, freeing up $8.4M of cap when factoring in 2 void years.
  • Process a full base salary conversion on S Marcus Williams, freeing up $8.6M of cap when factoring in 2 void years.

RELATED LINKS

Cincinnati Bengals

Not the year the Bengals were hoping for - largely due to injuries surrounding Joe Burrow of course. The attention this offseason will almost certainly turn to the Wide Receiver room, where two notable pass catchers (Boyd, Higgins) are pending free agents, while Ja'Marr Chase is now extension eligible for the first time, and has been vocal about his desire to secure a new contract this winter. Cincy hits the offseason with around $70M of Top 51 cap space, & the #18 overall pick this April.

NOTABLE PENDING UFAS

QUARTERBACK
A.J. McCarron

RUNNING BACK
Trayveon Williams
Bubble: Chris Evans

WIDE RECEIVERS
Tee Higgins, Tyler Boyd

TIGHT ENDS
Irv Smith, Drew Sample

OFFENSIVE LINE
Jonah Williams (T), Cody Ford (G), Max Scharping (G)

DEFENSIVE LINE
D.J. Reader, Josh Tupou

EDGE DEFENDERS
None.

LINEBACKERS
Joe Bachie, Markus Bailey, Akeem Davis-Gaither

SECONDARY
Chidobe Awuzie (CB)
Bubble: Nick Scott (S)

SPECIAL TEAMS
None.

CAP CLEARING POSSIBILITIES

  • Extend RB Joe Mixon, lowering his current $8.85M cap hit for 2024. Mixon projects toward a 1 year, $6M extension in our system.
  • Waive RB Chris Evans, freeing up $1M of cap
  • Process a full base salary + $3M roster bonus conversion on OT Orlando Brown Jr., freeing up $5.1M of cap when factoring in 2 void years.
  • Process a full base salary conversion G Alex Cappa, freeing up $3.9M of cap when factoring in 3 void years.
  • Extend C Ted Karras, lowering his current $7.3M cap hit for 2024. Karras projects toward a 2 year, $6M extension in our system.
  • Process a full base salary conversion for DE Trey Hendrickson, freeing up $10.8M of cap when factoring in 3 void years.
  • Extend DT B.J. Hill, lowering his current $10.8M cap hit for 2024. Hill projects toward a 2 year, $28M contract in our system.
  • Process a full base salary conversion on DE Sam Hubbard, freeing up $5.3M of cap when factoring in 3 void years.
  • Process a full base salary + $1M roster bonus conversion on LB Germaine Pratt, freeing up $2.4M of cap when factoring in 3 void years.
  • Extend CB Mike Hilton, lowering his current $7.45M cap hit for 2024. Hilton projects toward a 3 year, $22M extension in our system.
  • Release S Nick Scott, freeing up $2.3M of cap

RELATED LINKS

Cleveland Browns

Despite significant injuries all season long across their roster, the Browns held on for dear life in 2023, setting themselves up for an important offseason this winter. Cleveland has a Left Tackle & multiple Linebacker holes to be filled in the coming months, but for the most part - this roster remains intact for 2024. The Browns enter January more than $13M of cap in the red, and their first round pick will convey to Houston as part of the Deshaun Watson acquisition.

NOTABLE PENDING UFAS

QUARTERBACK
Joe Flacco

RUNNING BACK
Kareem Hunt

WIDE RECEIVERS
Marquise Goodwin

TIGHT ENDS
Harrison Bryant
Bubble: Jordan Akins

OFFENSIVE LINE
Geron Christian (T), Michael Dunn (T), Nick Harris
Bubble: T Jedrick Wills

DEFENSIVE LINE
Shelby Harris, Maurice Hurst, Jordan Elliott

EDGE DEFENDERS
Za'Darius Smith
Bubble: Foley Fatukasi

LINEBACKERS
Sione Takitaki, Anthony Walker Jr.

SECONDARY
Rodney McLeod (S), Duron Harmon (S), Michael Ford (CB)

SPECIAL TEAMS
Corey Bojorquez (P)

CAP CLEARING POSSIBILITIES

  • Process a full base salary conversion on QB Deshaun Watson, freeing up $35.8M of cap when factoring in 2 void years.
  • Restructure the $12.2M cash owed to RB Nick Chubb into a 2 year, $12M contract, significantly lowering his current $15.8M cap hit when factoring in 3 void years.
  • Extend WR Amari Cooper, significantly lowering his current $23.7M cap hit. Cooper projects toward a 3 year, $70M extension in our system.
  • Release TE Jordan Akins, freeing up $2M of cap
  • If unable to locate a trade partner, process a full base salary restructure for OT Jedrick Wills, freeing up $10.4M of cap when factoring in 4 void years.
  • Process a full base salary conversion on CB Denzel Ward, freeing up $11.35M of cap when factoring in 1 void year.
  • Extend K Dustin Hopkins, lowering his current $3M cap hit for 2024.

RELATED LINKS

Pittsburgh Steelers

Serious question marks with HC Mike Tomlin’s future & the QB position as a whole leave Pittsburgh in a bit of disarray heading into the offseason, despite another improbable run into the postseason. Toss in an up and down season at the WR position, the potential for Cam Heyward to step away, and it could be a very interesting winter for the Steelers, who hit the offseason around $7M over cap.

NOTABLE PENDING UFAS

QUARTERBACK
Mason Rudolph
Bubble: Mitchell Trubisky

RUNNING BACK
None.

WIDE RECEIVERS
Miles Boykin
Bubble: Allen Robinson, Diontae Johnson

TIGHT ENDS
None.

OFFENSIVE LINE
Bubble: Chukwuma Okorafor, Nate Herbig, Mason Cole

DEFENSIVE LINE
Armon Watts, Montravius Adams
Bubble: Cameron Heyward

EDGE DEFENDERS
Markus Golden

LINEBACKERS
Mykal Walker, Blake Martinez, Kwon Alexander

SECONDARY
Levi Wallace (CB), Chandon Sullivan (CB)
Bubble: Patrick Peterson (CB), Damontae Kazee (S)

SPECIAL TEAMS
None.

CAP CLEARING POSSIBILITIES

  • Release QB Mitchell Trubisky, freeing up $2.9M of cap
  • Trade WR Diontae Johnson, freeing up $10M of cap
  • Release WR Allen Robinson, freeing up $10M of cap
  • Release OT Chukwuma Okorafor, freeing up $8.75M of cap
  • Release C Mason Cole, freeing up $4.75M of cap
  • Restructure/Extend DE Cameron Heyward’s $16M salary into a 2 year, $16M contract, significantly lowering his current $22.4M cap hit for 2024.
  • Process a full base salary + $4.75M roster bonus conversion on DE Larry Ogunjobi, freeing up $6.8M of cap when factoring in 3 void years.
  • Process a full base salary conversion on LB T.J. Watt, freeing up $15.8M of cap when factoring in 3 void years.
  • Process a full base salary conversion on LB Alex Highsmith, freeing up $7.6M of cap when factoring in 1 void year.
  • Release CB Patrick Peterson, freeing up $6.8M of cap
  • Release S Damontae Kazee, freeing up $3M of cap

RELATED LINKS

Michael GinnittiJanuary 13, 2024

Spotrac’s 2024 NFL Offseason Series continues with a look at each of the four AFC South teams, breaking down their estimated Top 51 cap space, pending unrestricted free agents, a few notable bubble players, and potential ways to free up more cap space this winter. 

AFC: NORTH | EAST | SOUTH | WEST
NFC: NORTH | EAST | SOUTH | WEST

Houston Texans

Well that went well. Houston gets the opportunity to build off of a division winning season with 4 more years of rookie contract control with QB C.J. Stroud. The Texans have been operating with 1-year contracts across the roster for the better part of 3 years now, leaving them with dozens of decisions every winter. That trend remains in 2024, where 24 notable Texans are currently headed toward unrestricted free agency. Houston hits the winter with around $75M of Top 51 cap space to operate with.

NOTABLE PENDING UFAS

QUARTERBACK
Bubble: Davis Mills

RUNNING BACK
Devin Singletary, Dare Ogunbowale
Bubble: Andrew Beck (FB)

WIDE RECEIVERS
Noah Brown

TIGHT ENDS
Dalton Schultz

OFFENSIVE LINE
Michael Deiter, George Fant, Josh Jones, Charlie Heck

DEFENSIVE LINE
Sheldon Rankins, Teair Tart, Hassan Ridgeway

EDGE DEFENDERS
Derek Barnett, Jonathan Greenard, Jerry Hughes

LINEBACKERS
Neville Hewitt, Denzel Perryman

SECONDARY
Tavierre Thomas (CB), Steven Nelson (CB), Adrian Amos (S), Kareem Jackson (S), Eric Murray (S)

SPECIAL TEAMS
Ka'imi Fairbairn (K), Cameron Johnston (P), Jon Weeks (LS)

CAP CLEARING POSSIBILITIES

  • Process a full base salary conversion on WR Robert Woods, freeing up $4M of cap when factoring in 4 void years.
  • Extend TE Dalton Schultz, stopping his $3.375M of voided dead cap from accelerating into 2024, lowering his overall cap hit. Schultz projects toward a 3 year, $34M contract in our system.
  • Process a full base salary conversion on OT Laremy Tunsil, freeing up $13.4M of cap when factoring in 2 void years.
  • Process a full base salary conversion on OL Tytus Howard, freeing up $10.3M of cap when factoring in 2 void years.
  • Process a full base salary conversion on OL Shaq Mason, freeing up $6.4M of cap when factoring in 2 void years.
  • Process a full base salary conversion on DT Maliek Collins, freeing up $5.4M of cap when factoring in 3 void years.
  • Extend DT Sheldon Rankins, stopping his $5.25M of voided dead cap from accelerating into 2024, lowering his overall cap hit for 2024. Rankins projects toward a 3 year, $30M contract in our system.

RELATED LINKS

Indianapolis Colts

A disappointing finish shouldn’t cloud the fact that Indy answered a lot of questions about their immediate future throughout the 2023 campaign. This is a roster primed to build around Anthony Richardson, Jonathan Taylor, & Michael Pittman Jr. (likely) offensively, with a first-class rebuild on the fly forthcoming on the defensive side of the ball. The Colts hit the offseason with around $72M of Top 51 cap space, & the #15 overall pick this April.

NOTABLE PENDING UFAS

QUARTERBACK
Gardner Minshew
Bubble: Sam Ehlinger

RUNNING BACK
Zack Moss

WIDE RECEIVERS
Michael Pittman Jr., Isaiah McKenzie
Bubble: Ashton Dulin

TIGHT ENDS
Bubble: Mo Alie-Cox

OFFENSIVE LINE
None.

DEFENSIVE LINE
Grover Stewart, Taven Bryan

EDGE DEFENDERS
Tyquan Lewis, Jake Martin

LINEBACKERS
None.

SECONDARY
Kenny Moore (CB), Julian Blackmon (S)
Bubble: Chris Lammons (CB)

SPECIAL TEAMS
Rigoberto Sanchez (P)

CAP CLEARING POSSIBILITIES

  • Process a full base salary conversion on RB Jonathan Taylor, freeing up $5.3M of cap when factoring in 2 void years.
  • Release WR Ashton Dulin, freeing up $3M of cap
  • Release TE Mo Alie-Cox, freeing up $5.9M of cap
  • Process a full base salary conversion on OL Quenton Nelson, freeing up $14.3M of cap when factoring in 2 void years.
  • Extend RT Braden Smith, lowering his current $16.6M cap hit for 2024. Smith has a case to reset the right tackle market with an extension in the 3 year, $63M neighborhood.
  • Extend C Ryan Kelly, lowering his current $14.6M cap hit for 2024. Kelly projects toward a 2 year, $24M extension in our system.
  • Extend DL DeForest Buckner, lowering his current $22.75M cap hit for 2024. Buckner projects toward a 2 year, $35M extension in our system.

RELATED LINKS

Jacksonville Jaguars

The Jags had sights set on winning the AFC before the wheels fell off down the stretch. Now they’re left with a long offseason, and more than few expensive decisions on the table. Is QB Trevor Lawrence a top of the market extension candidate yet? Will WR Calvin Ridley be let to walk away this March? How many offensive line pieces should get turned over in the coming months? Jacksonville boasts around $29M of Top 51 cap space & the #17 overall pick this April.

NOTABLE PENDING UFAS

QUARTERBACK
None.

RUNNING BACK D’Ernest Johnson

WIDE RECEIVERS
Calvin Ridley, Jamal Agnew
Bubble: Zay Jones

TIGHT ENDS
None.

OFFENSIVE LINE
Ezra Cleveland, Tyler Shatley

DEFENSIVE LINE
Dawuane Smoot, Angelo Blackson

EDGE DEFENDERS
Josh Allen, K’Lavon Chaisson
Bubble: Foley Fatukasi

LINEBACKERS
None.

SECONDARY
Tre Herndon (CB)
Bubble: Rayshawn Jenkins (S)

SPECIAL TEAMS
Brandon McManus (K)

CAP CLEARING POSSIBILITIES

  • Process a full base salary + $1M roster bonus conversion on WR Christian Kirk, freeing up $11.5M of cap when factoring in 3 void years.
  • Release WR Zay Jones, freeing up $4.4M of cap
  • Process a full base salary conversion on G Brandon Scherff, freeing up $11M of cap when factoring in 4 void years.
  • Extend OT Cam Robinson, lowering his current $21.1M cap hit for 2024. Robinson projects toward a 3 year, $46M extension in our system.
  • Extend LB Foyesade Oluokun lowering his current $21.75M cap hit for 2024. Oluokun projects toward a 3 year, $35M extension in our system.
  • Extend CB Darious Williams, lowering his $10.5M cap hit for 2024. Williams projects toward a 2 year, $24M extension in our system.
  • Release S Rayshawn Jenkins, freeing up $5.1M of cap

RELATED LINKS

Tennessee Titans

HC Mike Vrabels’ surprise firing adds an additional layer of drama to Tennessee’s offseason, & could signal a larger rebuilding effort than many had originally planned for the organization. QB Ryan Tannehill & RB Derrick Henry have already essentially said their goodbyes, leaving behind $14M of dead cap in their place. Tennessee stumbles into the offseason with around $77M of Top 51 cap space, & the #7 overall pick this April.

NOTABLE PENDING UFAS

QUARTERBACK
Ryan Tannehill
Bubble: Malik Willis

RUNNING BACK
Derrick Henry

WIDE RECEIVERS
Nick Westbrook, Chris Moore
Bubble: DeAndre Hopkins

TIGHT ENDS
None.

OFFENSIVE LINE
Aaron Brewer, Chris Hubbard

DEFENSIVE LINE
Marlon Davidson, Ross Blacklock

EDGE DEFENDERS
Denico Autry, Trevis Gipson

LINEBACKERS
Azeez Al-Shaair

SECONDARY
Kristian Fulton (CB), Sean Bunting (CB), K'Von Wallace (S), Terrell Edmunds (S)

SPECIAL TEAMS
Nick Folk (K), Morgan Cox (LS)

CAP CLEARING POSSIBILITIES

  • Trade WR DeAndre Hopkins, freeing up $10.1M of cap
  • Process a full base salary conversion on G Andre Dillard, forfeiting $6.3M of cap when factoring in 3 void years.
  • Process a full base salary conversion on DT Jeffery Simmons, freeing up $12.3M of cap when factoring in 1 void year.
  • Process a full base salary conversion on LB Harold Landry, freeing up $12.9M of cap when factoring in 2 void years.

RELATED LINKS

Michael GinnittiJanuary 13, 2024

Spotrac’s 2024 NFL Offseason Series continues with a look at each of the four NFC West teams, breaking down their estimated Top 51 cap space, pending unrestricted free agents, a few notable bubble players, and potential ways to free up more cap space this winter. 

AFC: NORTH | EAST | SOUTH | WEST
NFC: NORTH | EAST | SOUTH | WEST

Arizona Cardinals

Arizona came on strong down the stretch, so much so that they felt comfortable stating their desire to run the Kyler Murray show back in 2024. The Cardinals boasts around $52M of cap space, and the #4 overall pick this April. How quickly can they work to put a contending roster around their well-paid QB1?

NOTABLE PENDING UFAS

QUARTERBACK
None.

RUNNING BACK
Bubble: Michael Carter

WIDE RECEIVERS
Marquise Brown

TIGHT ENDS
Geoff Swaim

OFFENSIVE LINE
Elijah Wilkinson, Trystan Colon-Castillo, Pat Elflein
Bubble: D.J. Humphries, Dennis Daley

DEFENSIVE LINE
Leki Fotu, L.J. Collier, Carlos Watkins
Bubble:

EDGE DEFENDERS
None.

LINEBACKERS
Josh Woods, Krys Barnes, Ezekiel Turner
Bubble: Kyzir White

SECONDARY
Antonio Hamilton (CB)
Bubble: Budda Baker (S)

SPECIAL TEAMS
Bubble: Matt Prater (K)

CAP CLEARING POSSIBILITIES

  • Process a full base salary conversion on QB Kyler Murray, freeing up $28.7M of cap
  • Process a full base salary + $1.5M roster bonus conversion on RB James Conner, freeing up $3.22M of cap when factoring in 4 void years.
  • Waive RB Michael Carter, freeing up $1M of cap
  • Release WR Zach Pascal, freeing up $1.9M of cap
  • Release OT D.J. Humphries, freeing up $9M of cap
  • Release OL Dennis Daley, freeing up $1.6M of cap
  • Release LB Kyzir White, freeing up $4M of cap
  • Trade S Budda Baker, freeing up $15.1M of cap
  • Release K Matt Prater, freeing up $3.5M of cap

RELATED LINKS

Los Angeles Rams

They did it to us again. Just when we thought the wheels were about to come off this train, LA pulls it together, easily finds their way into the postseason, and resuscitates all previous hope. The core remains intact contractually (Stafford, Kupp, Donald), though there are some decisions to be made both in the secondary & especially across the offensive line this winter. The Rams are operating with around $48M of Top 51 cap space right now.

NOTABLE PENDING UFAS

QUARTERBACK
Carson Wentz
Bubble: Stetson Bennett

RUNNING BACK
None

WIDE RECEIVERS
Demarcus Robinson

TIGHT ENDS
Brycen Hopkins
Bubble: Tyler Higbee

OFFENSIVE LINE
Kevin Dotson
Bubble: Joseph Noteboom, Brian Allen

DEFENSIVE LINE
Larrell Murchison

EDGE DEFENDERS
None.

LINEBACKERS
Troy Reeder

SECONDARY
Ahkello Witherspoon (CB), John Johnson (S), Jordan Fuller (S), Duke Shelley (CB)

SPECIAL TEAMS
Brett Maher (K)

CAP CLEARING POSSIBILITIES

  • Process a full base salary conversion on QB Matthew Stafford, freeing up $23.8M of cap when factoring in 2 void years.
  • Process a full base salary + $5M roster bonus conversion on WR Cooper Kupp, freeing up $15M of cap when factoring in 2 void years.
  • Convert TE Tyler Higbee’s $5.5M guaranteed roster bonus into signing bonus, then release him, freeing up $8.2M of cap when factoring in 3 void years.
  • Release OT Joseph Noteboom, freeing up $5M of cap
  • Release OL Brian Allen, freeing up $4.1M of cap
  • Process a full base salary + $5M roster bonus conversion on DT Aaron Donald, freeing up $11M of cap when factoring in 4 void years

RELATED LINKS

San Francisco 49ers

The Niners remain a well-oiled machine atop the NFC, with no immediate signs of slowing down soon. Their incredible QB value luck will remain through 2024, as Brock Purdy will account for just $1M of cap next season. The weapon costs are starting to pile up however, and something may have to give this winter in that department. San Francisco heads into the offseason with around $1M of Top 51 cap space.

NOTABLE PENDING UFAS

QUARTERBACK
Sam Darnold

RUNNING BACK
None.

WIDE RECEIVERS
Ray-Ray McCloud, Chris Conley

TIGHT ENDS
Charlie Woerner, Ross Dwelley

OFFENSIVE LINE
Jon Feliciano

DEFENSIVE LINE
Javon Kinlaw, Sebastian Joseph, Kevin Givens

EDGE DEFENDERS
Chase Young, Clelin Ferrell, Randy Gregory

LINEBACKERS
Oren Burks, Demetrius Flannigan-Fowles
Bubble: Dre Greenlaw

SECONDARY
Tashaun Gipson (S), Logan Ryan (CB)

SPECIAL TEAMS
None.

CAP CLEARING POSSIBILITIES

  • Process a full base salary conversion on RB Christian McCaffrey, freeing up $8.4M of cap when factoring in 3 void years.
  • Process a full base salary conversion on FB Kyle Juszczyk, freeing up $8.4M of cap when factoring in 3 void years.
  • Process a full base salary conversion on WR Deebo Samuel, freeing up $15.8M of cap when factoring in 3 void years.
  • Extend WR Brandon Aiyuk, lowering his current $14.1M cap hit for 2024. Aiyuk currently projects toward a 4 year, $92M extension in our system.
  • Process a full base salary conversion on TE George Kittle, freeing up $9.75M of cap when factoring in 3 void years.
  • Process a full base salary conversion on OT Trent Williams, freeing up $15M of cap when factoring in 2 void years.
  • Process a full base salary conversion on DE Arik Armstead, freeing up $12.9M of cap when factoring in 4 void years
  • Process a full base salary conversion on DT Javon Hargrave, freeing up $6.1M of cap when factoring in 2 void years
  • Process a full base salary conversion on LB Fred Warner, freeing up $11.1M of cap when factoring in 2 void years.
  • Trade LB Dre Greenlaw, freeing up $6.8M of cap
  • Extend CB Charvarius Ward, lowering his current $17.9M cap hit for 2024. Ward projects toward a 4 year, $60M extension in our system.

RELATED LINKS

Seattle Seahawks

Does Pete Carroll’s ouster mean more change is imminent in Seattle? It seems logical to assume that the defensive side of the ball will see plenty of turnover, but QB Geno Smith’s contract offers the team an out this March as well. Seattle heads into the offseason with around $4M of Top 51 cap space to operate with, & the #16 overall pick in April’s draft.

NOTABLE PENDING UFAS

QUARTERBACK
Drew Lock
Bubble: Geno Smith

RUNNING BACK
DeeJay Dallas
Bubble: Nick Bellore

WIDE RECEIVERS
Bubble: Tyler Lockett, D'Wayne Eskridge

TIGHT ENDS
Noah Fant, Colby Parkinson

OFFENSIVE LINE
C Evan Brown, LG Damien Lewis, G Phil Haynes,

DEFENSIVE LINE
Leonard Williams, Mario Edwards
Bubble: Dre'Mont Jones, Bryan Mone

EDGE DEFENDERS
None.

LINEBACKERS
Bobby Wagner, Devin Bush, Jordyn Brooks

SECONDARY
Bubble: S Jamal Adams, S Quandre Diggs

SPECIAL TEAMS
None.

CAP CLEARING POSSIBILITIES

  • Convert QB Geno Smith’s $9.6M roster bonus into signing bonus, freeing up $7.68M of cap when factoring in 3 void years.
  • Process a full base salary + $1.6M roster bonus conversion on WR Tyler Lockett, freeing up $13.3M of cap when factoring in 3 void years.
  • Process a full base salary conversion on WR D.K. Metcalf, freeing up $9.5M of cap when factoring in 3 void years.
  • Waive WR D'Wayne Eskridge, freeing up $1.4M of cap
  • Extend TE Will Dissly, lowering his $10M cap hit for 2024. Dissly projects toward a 2 year, $9M extension in our system.
  • Release DT Dre'Mont Jones, freeing up $4.8M of cap
  • Release DL Bryan Mone, freeing up $5.4M of cap
    Release S Jamal Adams, freeing up $6M of cap
  • Release S Quandre Diggs, freeing up $11M of cap
  • Extend S Julian Love, lowering his current $8.1M cap hit for 2024. Love projects toward a 4 year, $44M extension in our system.

RELATED LINKS

Michael GinnittiJanuary 10, 2024

Spotrac’s 2024 NFL Offseason Series continues with a look at each of the four AFC West teams, breaking down their estimated Top 51 cap space, pending unrestricted free agents, a few notable bubble players, and potential ways to free up more cap space this winter. 

AFC: NORTH | EAST | SOUTH | WEST
NFC: NORTH | EAST | SOUTH | WEST

Denver Broncos

An up & down 2023 is about to lead to a wild (early) 2024, with a financially painful change at the QB position looming. Denver rides into the offseason around $19M in the red in terms of Top 51 cap space, a few notable offensive line free agents, & the #12 overall draft pick this April.

NOTABLE PENDING UFAS

QUARTERBACK
Bubble: Russell Wilson

RUNNING BACK
None.

WIDE RECEIVERS
Bubble: Tim Patrick, Jerry Jeudy (trade)

TIGHT ENDS
Adam Trautman
Bubble: Chris Manhertz

OFFENSIVE LINE
Graham Glasgow, Cameron Fleming, Lloyd Cushenberry

DEFENSIVE LINE
Mike Purcell, Jonathan Harris
Bubble: D.J. Jones

EDGE DEFENDERS
None.

LINEBACKERS
Josey Jewell

SECONDARY
K'Waun Williams (CB), P.J. Locke (S), Fabian Moreau (CB)
Bubble: Damarri Mathis

SPECIAL TEAMS
Wil Lutz (K)

CAP CLEARING POSSIBILITIES

  • Process a full base salary conversion for WR Courtland Sutton, freeing up $9.5M of cap when factoring in 3 void years
  • Release WR Tim Patrick, freeing up $9.5M of cap
  • Trade WR Jerry Jeudy, freeing up $12.9M of cap (unless some of that salary is retained to facilitate a better trade return)
  • Release TE Chris Manhertz, freeing up $2.1M of cap
  • Extend OT Garett Bolles, lowering his current $20M cap hit for 2024. Bolles projected toward a 3 year, $48M contract in our system.
  • Process a full base salary conversion for OT Mike McGlinchey, freeing up $11.1M of cap when factoring in 1 void year.
  • Process a full base salary conversion for G Ben Powers, freeing up $8.7M of cap when factoring in 2 void years.
  • Process a full base salary conversion for DE Zach Allen, freeing up $11.3M of cap when factoring in 3 void years.
  • Release DT D.J. Jones, freeing up $10M of cap
  • Extend S Justin Simmons, lowering his current $18.25M cap hit. Simmons projects toward a 2 year, $22M extension in our system.
  • Waive CB Damarri Mathis, freeing up $985,000 of cap

RELATED LINKS

Kansas City Chiefs

Despite another division title, & a 3 seed in the AFC, the Chiefs’ 2023 regular season has largely been interpreted as a bit of a let down. Most of this stems from KC’s lack of explosiveness offensively, and it’s safe to say that new blood will be brought in to help that notion, but it’s the defensive side of the ball where much of the internal contract discussions need to be had. The Chiefs hit the offseason with around $30M of cap space.

NOTABLE PENDING UFAS

QUARTERBACK
Blaine Gabbert

RUNNING BACK
Clyde Edwards-Helaire, Jerick McKinnon

WIDE RECEIVERS
Richie James, Mecole Hardman
Bubble: Marquez Valdes-Scantling, Justin Watson, Skyy Moore, Kadarius Toney, Justyn Ross

TIGHT ENDS
Blake Bell

OFFENSIVE LINE
Donovan Smith,
Bubble: Mark Glowinski

DEFENSIVE LINE
Chris Jones, Derrick Nnadi, Tershawn Wharton

EDGE DEFENDERS
Michael Danna

LINEBACKERS
Willie Gay Jr., Drue Tranquill

SECONDARY
L'Jarius Sneed (CB), Mike Edwards (S), Deon Bush (S)

SPECIAL TEAMS
Tommy Townsend (P), James Winchester (LS)

CAP CLEARING POSSIBILITIES

  • Convert QB Patrick Mahomes’s $34.9M roster bonus into a signing bonus, freeing up $27.9M of cap
  • Release WR Marquez Valdes-Scantling, freeing up $11.98M of cap
  • Waive WR Skyy Moore, freeing up $823k of cap
  • Waive WR Justyn Ross, freeing up $915,000 of cap
  • Process a full base salary conversion for TE Travis Kelce, freeing up $8.6M of cap when factoring in 3 void years.
  • Process a full base salary conversion for OL Joe Thuney, freeing up $11.4M of cap when factoring in 3 void years.
  • Process a full base salary conversion for OL Jawaan Taylor, freeing up $14.7M of cap when factoring in 2 void years
  • Extend DE Charles Omenihu, lowering his current $10.9M cap hit. He projects toward a 3 year, $28M contract in our system.
  • Extend S Justin Reid, lowering his current $14.2M cap hit. Reid projects toward a 3 year, $23M contract in our system.
  • Extend K Harrison Butker, lowering his current $4.5M cap hit.

RELATED LINKS

Las Vegas Raiders

A midseason gutting of the staff & change at QB1 tells you everything you might need to know about the Raiders season. Will the core contracts (Adams, Miller, Crosby) stick around for this next iteration, or is this 2024 offseason about another wholesale change? Las Vegas enters 2024 with around $55M of Top 51 cap to work with, and the #13 overall pick in April’s draft.

NOTABLE PENDING UFAS

QUARTERBACK
Bubble: Jimmy Garoppolo

RUNNING BACK Josh Jacobs, Ameer Abdullah

WIDE RECEIVERS
Bubble: Hunter Renfrow

TIGHT ENDS
Austin Hooper

OFFENSIVE LINE
Andre James, Jermaine Eluemunor, Greg Van Roten
Bubble: Jason Kelce (retirement)

DEFENSIVE LINE
Bilal Nichols, John Jenkins, Adam Butler
Bubble: Jerry Tillery

EDGE DEFENDERS
None.

LINEBACKERS
None.

SECONDARY
Amik Robertson (CB)

SPECIAL TEAMS
None.

CAP CLEARING POSSIBILITIES

  • Designate QB Jimmy Garoppolo a Post 6/1 release, freeing up $12.1M of cap after June 1st.
  • Process a full base salary conversion on WR Davante Adams, freeing up $12.5M of cap when factoring in 2 void years
  • Process a full base salary + $5.5M roster bonus conversion on WR Jakobi Meyers, freeing up $7.5M of cap when factoring in 3 void years.
  • Release WR Hunter Renfrow, freeing up $8.1M of cap
  • Extend OT Kolton Miller, lowering his current $15.6M cap hit in 2024. Miller projects toward a 3 year, $60M extension in our system.
  • Process a full base salary conversion on DE Maxx Crosby, freeing up $14.3M of cap when factoring in 2 void years
  • Release DT Jerry Tillery, freeing up $3.8M of cap
  • Extend S Marcus Epps, lowering his current $7.3M cap hit. Epps projects toward a 3 year, $23M extension in our system.

RELATED LINKS

Los Angeles Chargers

The Chargers are in the process of locating their next General Manager & Coaching staff, putting a bit of a hold on plans to begin what could be a massive turnover with this roster. Something will need to give sooner rather than later however, as LA enters the offseason -$34M in cap space, with 46 players under contract. The Chargers hold the #5 pick in this April’s draft.

NOTABLE PENDING UFAS

QUARTERBACK
Easton Stick

RUNNING BACK Austin Ekeler, Josh Kelley

WIDE RECEIVERS
Alex Erickson, Jalen Guyton, Keelan Doss
Bubble: Mike Williams, Keenan Allen

TIGHT ENDS
Gerald Everett, Nick Vannett,

OFFENSIVE LINE
Will Clapp
Bubble: Corey Linsley (retirement?)

DEFENSIVE LINE
Austin Johnson, Nick Williams
Bubble: Morgan Fox

EDGE DEFENDERS
Bubble: Joey Bosa (trade?)

LINEBACKERS
Kenneth Murray

SECONDARY
Michael Davis (CB), Essang Bassey (CB), Alohi Gilman (S)
Bubble: JT Woods

SPECIAL TEAMS
None.

CAP CLEARING POSSIBILITIES

  • Trade WR Keenan Allen, freeing up $23.1M of cap
  • Release WR Mike Williams, freeing up $20M of cap
  • Process Corey Linsley’s retirement, freeing up $8.9M of cap
  • Process a full base salary conversion for OL Trey Pipkins, freeing up $4.1M of cap when factoring in 3 void years.
  • Release DL Morgan Fox, freeing up $3.5M of cap
  • Trade EDGE Khalil Mack, freeing up $23.25M of cap
  • Trade EDGE Joey Bosa, freeing up $14.3M of cap
  • Process a $1.5M roster bonus conversion for LB Eric Kendricks, freeing up $1.2M of cap when factoring in 4 void years.
  • Process a full base salary conversion for S Derwin James, freeing up $9.3M of cap when factoring in 2 void years.
  • Extend P JK Scott, lowering his current $2.51M cap hit

RELATED LINKS

Michael GinnittiJanuary 08, 2024

Spotrac’s 2024 NFL Offseason Series continues with a look at each of the four NFC East teams, breaking down their estimated Top 51 cap space, pending unrestricted free agents, a few notable bubble players, and potential ways to free up more cap space this winter. 

AFC: NORTH | EAST | SOUTH | WEST
NFC:  NORTH | EAST | SOUTH | WEST

Dallas Cowboys

It was a bit of a roller coaster at times, but the Cowboys secured another NFC East title with a strong finish down the stretch. There are some holes to fill in terms of free agency & a potential cap casualty or two, but this offseason will be largely about taking care of their own - notably QB Dak Prescott, WR CeeDee Lamb, & ED Micah Parsons. Dallas rolls into the offseason around $11M in the whole in terms of Top 51 cap space.

NOTABLE PENDING UFAS

QUARTERBACK
Bubble: Cooper Rush, Trey Lance

RUNNING BACK

Tony Pollard

WIDE RECEIVERS
Bubble: Michael Gallup

TIGHT ENDS
Sean McKeon
Bubble: John Stephens

OFFENSIVE LINE
Tyron Smith, Tyler Biadasz, Chuma Edoga

DEFENSIVE LINE
Johnathan Hankins, Neville Gallimore

EDGE DEFENDERS
Dante Fowler Jr., Dorance Armstrong

LINEBACKERS
Bubble: Leighton Vander Esch

SECONDARY
Stephon Gilmore (CB), Jourdan Lewis (CB), Jayron Kearse (S)
Bubble: Mike Hughes

SPECIAL TEAMS
Trent Sieg (LS)
Bubble: Bryan Anger (P)

CAP CLEARING POSSIBILITIES

  • Extend QB Dak Prescott, lowering his current $59.4M cap hit in 2024. Prescott projects to a 4 year, $200M+ extension in our system, though a deal north of $55M per year is very much expected.
  • Either designate WR Michael Gallup a Post 6/1 release ($9.5M freed up after June 1st), or process a full base salary conversion, freeing up $5.9M when factoring in 2 void years.
  • Extend WR CeeDee Lamb, lowering his current $17.9M cap hit in 2024. Lamb projects to a 4 year, $114M extension in our system, though a deal near $125M ($31M+ per year) is very possible.
  • Process a full base salary conversion on WR Brandin Cooks, freeing up $5.4M when factoring in 4 void years.
  • Trade WR Jalen Tolbert, freeing up $943k of cap. Tolbert has shown glimpses of being able to handle a WR2 role, but the Cowboys aren’t in a position to wait around.
  • Process a full base salary conversion on G Zack Martin, freeing up $13.4M of cap when factoring in 4 void years.
  • Process a full base salary conversion on OT Terence Steele, freeing up $4.9M of cap.
  • Process a full base salary conversion on DE DeMarcus Lawrence, freeing up $7M of cap when factoring in 4 void years.
  • Release LB Leighton Vander Esch, freeing up $2.5M of cap
  • Process a full base salary conversion on CB Trevon Diggs, freeing up $7.9M of cap
  • Process a full base salary conversion on S Donovan Wilson, freeing up $3.5M of cap when factoring in 3 void years.
  • Release P Bryan Anger, freeing up $3M of cap

RELATED LINKS

New York Giants

Not exactly what the doctor ordered for the G-Men in 2023, & a few staff heads may roll accordingly, but it appears that HC Brian Daboll & QB Daniel Jones will head into the offseason remaining as the 1-2 punch in NY. The Giants head into the offseason with around $37M of Top 51 cap space, & the #6 overall pick in this April’s draft.

NOTABLE PENDING UFAS

QUARTERBACK
Tyrod Taylor
Bubble: Tommy DeVito

RUNNING BACK
Saquon Barkley, Matt Breida

WIDE RECEIVERS
Parris Campbell, Sterling Shepard

TIGHT ENDS
Bubble: Darren Waller

OFFENSIVE LINE
Matt Peart, Justin Pugh, Ben Bredeson
Bubble: Mark Glowinski

DEFENSIVE LINE
A'Shawn Robinson, Jihad Ward

EDGE DEFENDERS
None.

LINEBACKERS
Jarrad Davis, Carter Coughlin, Isaiah Simmons, Cameron Brown

SECONDARY
Adoree' Jackson (CB), Xavier McKinney (S)

SPECIAL TEAMS
Casey Kreiter (LS)

CAP CLEARING POSSIBILITIES

  • Process a full base salary conversion on QB Daniel Jones, freeing up $27.5M of cap when factoring in 2 void years.
  • Process a full base salary plus $2.4M roster bonus conversion on WR Darius Slayton, freeing up $3M of cap when factoring in 4 void years.
  • Release TE Darren Waller, freeing up $6.6M of cap
  • Process a full base salary plus $5M roster bonus conversion on OL Andrew Thomas, freeing up $14.4M of cap
  • Release OL Mark Glowinski, freeing up $5.7M of cap
  • Process a full base salary conversion on DT Dexter Lawrence, freeing up $11.9M of cap when factoring in 1 void year.
  • Process a full base salary conversion on LB Bobby Okereke, freeing up $5.4M of cap when factoring in 2 void years.
  • Waive CB Aaron Robinson, freeing up $1.3M of cap
  • Process a full base salary plus $2M roster bonus conversion on K Graham Gano, freeing up $3.1M of cap when factoring in 2 void years.

RELATED LINKS

Philadelphia Eagles

Was it a Super Bowl hangover? Maybe, but there are too many positives (contractually too) on this roster to overreact going forward. Philly will need to replace its running game this winter, & an effort to get younger & cheaper in the secondary could also be in order, but for the most part, the Eagles core unit is under contract, and cap-flexible. Philly hits the offseason with around $28M of Top 51 cap space to operate with. 

NOTABLE PENDING UFAS

QUARTERBACK
Marcus Mariota

RUNNING BACK
D'Andre Swift, Boston Scott, Rashaad Penny

WIDE RECEIVERS
Quez Watkins, Olamide Zaccheaus, Julio Jones

TIGHT ENDS
Albert Okwuegbunam

OFFENSIVE LINE
Iosua Opeta, Jack Driscoll
Bubble: Jason Kelce (retirement)

DEFENSIVE LINE
Fletcher Cox

EDGE DEFENDERS
Brandon Graham

LINEBACKERS
Zach Cunningham, Nicholas Morrow, Shaquille Leonard

SECONDARY
Justin Evans (S), Bradley Roby (CB)
Bubble: Avonte Maddox (S), Kevin Byard (S)

SPECIAL TEAMS
Braden Mann (P), Rick Lovato (LS)

CAP CLEARING POSSIBILITIES

  • Extend QB Marcus Mariota to an identical 1 year, $5M contract, lowering his current $3M cap hit (void year) by $333,000.
  • Extend WR DeVonta Smith, lowering his current $6.4M cap hit. Smith projects to a 4 year, $80M contract in our system.
  • Process a full base salary plus $2.75M roster bonus conversion on OL Jason Kelce, freeing up $2.4M of cap when factoring in 4 void years.
  • Process a Post 6/1 retirement or release on DE Brandon Graham, freeing up $1.5M after June 1st.
  • Process a Post 6/1 retirement or release on DT Fletcher Cox, freeing up $1.5M after June 1st.
  • Extend LB Haason Reddick, lowering his current $21.3M cap hit for 2024. Reddick projects toward a 3 year, $50M extension in our system.
  • Release S Avonte Maddox, freeing up $2.3M of cap
  • Release S Kevin Byard, freeing up $13.5M of cap
  • Extend K Jake Elliott, lowering his current $5.9M cap hit for 2024

RELATED LINKS

Washington Commanders

The Commanders fire-sale at the trade deadline was certainly a warning call to the rest of the league that major change was imminent. Just how much still remains to be seen, but Washington enters the offseason with the league’s most cap space ($85M), and the #2 overall draft pick this April. There are worse ways to begin a rebuild.

NOTABLE PENDING UFAS

QUARTERBACK
Jacoby Brissett
Bubble: Sam Howell

RUNNING BACK
Antonio Gibson, Alex Armah

WIDE RECEIVERS
Curtis Samuel, Byron Pringle, Jamison Crowder
Bubble: Dyami Brown

TIGHT ENDS
Bubble: Logan Thomas

OFFENSIVE LINE
Cornelius Lucas, Saahdiq Charles, Tyler Larsen

DEFENSIVE LINE
Efe Obada
Bubble: Jonathan Allen (trade)

EDGE DEFENDERS
Casey Toohill, James Smith-Williams

LINEBACKERS
Cody Barton, Khaleke Hudson, David Mayo

SECONDARY
Kendall Fuller (CB), Kamren Curl (S)

SPECIAL TEAMS
Joey Slye (K)

CAP CLEARING POSSIBILITIES

  • Trade QB Sam Howell, freeing up $894,600 of cap
  • Process a full base salary plus $2M roster bonus conversion on WR Terry McLaurin, freeing up $12.8M of cap when factoring in 2 void years.
  • Waived WR Dyami Brown, freeing up $1.3M of cap
  • Release TE Logan Thomas, freeing up $6.5M of cap
  • Process a full base salary conversion on OL Charles Leno, freeing up $7.8M of cap when factoring in 4 void years,
  • Process a full base salary conversion on OL Andrew Wylie, freeing up $4.3M of cap when factoring in 3 void years
  • Trade DE Jonathan Allen, freeing up $9.5M of cap
  • Process a full base salary conversion on DT Daron Payne, freeing up $11.1M of cap when factoring in 2 void years.

RELATED LINKS

Michael GinnittiJanuary 08, 2024

Spotrac’s 2024 NFL Offseason Series continues with a look at each of the four NFC South teams, breaking down their estimated Top 51 cap space, pending unrestricted free agents, a few notable bubble players, and potential ways to free up more cap space this winter. 

AFC: NORTH | EAST | SOUTH | WEST
NFC: NORTH | EAST | SOUTH | WEST

Atlanta Falcons

BREAKING: Quarterbacks matter. The Falcons improved defensively, and added even more offensive weapons in the 2023 offseason, but they find themselves on the outside looking in yet again. Most players considered to be “core” are under contract in 2024, so the foundation remains, but there’s a LOT of GM work to do this offseason, and Atlanta should start there with around $36M of Top 51 cap space.

NOTABLE PENDING UFAS

QUARTERBACK
Bubble: Taylor Heinicke, Desmond Ridder

RUNNING BACK

Keith Smith, Cordarrelle Patterson

WIDE RECEIVERS
Van Jefferson, Mack Hollins, Khadarel Hodge, Scotty Miller

TIGHT ENDS
MyCole Pruitt
Bubble: Jonnu Smith

OFFENSIVE LINE
Matt Hennessy, Storm Norton

DEFENSIVE LINE
Bubble: Grady Jarrett

EDGE DEFENDERS
Calais Campbell, Bud Dupree

LINEBACKERS
Andre Smith

SECONDARY
Jeff Okudah (CB), Tre Flowers (CB)
Bubble: Mike Hughes

CAP CLEARING POSSIBILITIES

  • Release TE Jonnu Smith, freeing up $6.5M of cap
  • Convert $14M of OL Jake Matthews’ base salary into signing bonus, freeing up $11.2M of cap when factoring in 2 void years
  • Process a full base salary conversion on OL Chris Lindstrom, freeing up $9.1M of cap
  • Process a full base salary conversion on OL Kaleb McGary, freeing up $7.5M of cap when factoring in 3 void years
  • Release DT Grady Jarrett, freeing up $12.1M of cap
  • Process a full base salary conversion on DT David Onyemata, freeing up $5.8M of cap when factoring in 3 void years
  • Process a full base salary conversion on LB Kaden Elliss, freeing up $4.2M of cap when factoring in 3 void years
  • Release LB Lorenzo Carter, freeing up $3.75M of cap
  • Process a full base salary conversion on S Jessie Bates III, freeing up $9.5M of cap when factoring in 2 void years
  • Extend CB A.J. Terrell, lowering his $12.3M cap hit. He projects toward a 4 year, $80M contract in our system.

Related Links

Carolina Panthers

Carolina has secured the #1 overall pick this April - for Chicago. Year of the Bryce Young experiment hasn’t gone as planned, and the search for a new coaching staff is already in progress. Toss in a current swing and miss on a Miles Sanders free agent contract, and an expiring contract for top defensive player Brian Burns, and the immediate future isn’t looking much better for the Panthers. Carolina will enter the offseason with around $40M of Top 51 cap space available to them.

NOTABLE PENDING UFAS

QUARTERBACK
None.

RUNNING BACK
Bubble: Miles Sanders

WIDE RECEIVERS
DJ Chark, Laviska Shenault
Bubble: Deonte Harty

TIGHT ENDS
Bubble: Ian Thomas

OFFENSIVE LINE
Bubble: Austin Corbett

DEFENSIVE LINE
DeShawn Williams, Chris Wormley

EDGE DEFENDERS
Brian Burns, Yetur Gross-Matos

LINEBACKERS
Deion Jones, Frankie Luvu, Kamu Grugier-Hill

SECONDARY
Jeremy Chinn (S), Sam Franklin (S)
Bubble: Donte Jackson (CB)

CAP CLEARING POSSIBILITIES

  • Trade CB Donte Jackson, freeing up $6M of cap
  • Extend S Xavier Woods, lowering his $7.75M cap hit
  • Extend DT Derrick Brown, lowering his $11.6M cap hit
  • Process a full base salary conversion on DT Shy Tuttle, freeing up $4.3M of cap when factoring in 3 void years.
  • Convert $10M of base salary & a $3M roster bonus from OT Taylor Moton, freeing up $10.4M of cap
  • Designate OL Austin Corbett a Post 6/1 release before March 15th, freeing up $6.25M after June 1st.
  • Process a full base salary plus a $1.5M roster bonus conversion on C Bradley Bozeman, freeing up $3.6M of cap when factoring in 3 void years
  • Process a full base salary plus a $2.15M roster bonus conversion on TE Hayden Hurst, freeing up $5.4M of cap when factoring in 3 void years
  • Release TE Ian Thomas, freeing up $2.35M of cap
  • Process a full base salary plus a $2M roster bonus conversion on WR Adam Thielen, freeing up $5M of cap when factoring in 3 void years
  • Convert Miles Sanders’ $2M roster bonus into signing bonus, then trade his remaining $4.2M salary, freeing up $5.5M of cap

Related Links

New Orleans Saints

Stop me if you’ve heard this before: The Saints have the worst cap situation in the NFL by a country mile. This is par for the course for New Orleans, who enter 2024 around $75M in the red. The good news? There aren’t a ton of notable free agents to account for - with the exception of an offensive line that could be gutted in the coming months.

NOTABLE PENDING UFAS

QUARTERBACK

Jameis Winston

RUNNING BACK

Eno Benjamin
Bubble: Alvin Kamara (Post 6/1)

WIDE RECEIVERS
Keith Kirkwood
Bubble: Michael Thomas

TIGHT ENDS
Jimmy Graham

OFFENSIVE LINE
Andrus Peat, James Hurst
Bubble: Ryan Ramczyk (retirement)

DEFENSIVE LINE
Malcolm Roach

EDGE DEFENDERS
Zack Baun

LINEBACKERS

None.

SECONDARY
Johnathan Abram (S)
Bubble: Marcus Maye (S), J.T. Gray (S)

CAP CLEARING POSSIBILITIES

  • After unsuccessfully attempting to trade him, convert $25M of QB Derek Carr’s base salary into signing bonus, freeing up $20M of cap when factoring in 2 void years.
  • Process a full base salary plus $1M roster bonus conversion for RB Alvin Kamara, freeing up $7.9M of cap
  • Designated WR Michael Thomas a Post 6/1 Release, freeing up $1.21M of cap after June 1st.
  • Process a full base salary conversion on TE/QB Taysom Hill, freeing up $7M of cap when factoring in 3 void years
  • Process a full base salary plus $500,000 roster bonus conversion on TE Juwan Johnson, freeing up $3.8M of cap when factoring in 4 void years
  • Process a $6.5M base salary conversion (his guaranteed portion) on OL Ryan Ramczyk, lowering his remaining salary to $1.21M, freeing up $14.4M of cap, preparing his contract for a potential Post 6/1 retirement.
  • Process a conversion on an $8M roster bonus for OL Cesar Ruiz, freeing up $6.4M of cap when factoring in 1 void year.
  • Process a full base salary plus $500,000 roster bonus conversion on OL Erik McCoy, freeing up $7.1M of cap when factoring in 1 void year
  • Process a conversion on a $6.7M roster bonus for DE Cameron Jordan, freeing up $5.3M of cap when factoring in 3 void years.
  • Process a conversion on a $9M roster bonus for DE Carl Granderson, freeing up $7.2M of cap when factoring in 1 void year
  • Release DE Tanoh Kpassagnon, freeing up $994,000 of cap
  • Process a base salary plus $2M roster bonus conversion on S Tyrann Mathieu, freeing up $6.2M of cap when factoring in 4 void years
  • Release S Marcus Maye, freeing up $1.4M of cap
  • Release S J.T. Gray, freeing up $1.5M of cap

Tampa Bay Buccaneers

The Bucs improbable run in the NFC South continued with a final hour division championship, throwing a wrench into an offseason that was most likely earmarked for a complete financial tear down. Does Tampa Bay keep their foot on the gas pedal, offering up extensions for QB Baker Mayfield & Mike Evans? Just how big will OT Tristan Wirfs’s rookie extension numbers climb to? The Bucs hit the offseason with around $48M of Top 51 cap space, and plenty of ways to free up more.

NOTABLE PENDING UFAS

QUARTERBACK

Baker Mayfield
Bubble: Kyle Trask

RUNNING BACK

Chase Edmonds

WIDE RECEIVERS
Mike Evans
Bubble: Russell Gage

TIGHT ENDS
None.

OFFENSIVE LINE
Aaron Stinnie, Matt Feiler
Bubble: Ryan Jensen

DEFENSIVE LINE
Greg Gaines, William Gholston
Bubble: Grady Jarrett

EDGE DEFENDERS
Bubble: Anthony Nelson

LINEBACKERS
Devin White, Lavonte David

SECONDARY
Antoine Winfield Jr. (S), Ryan Neal (S), Dee Delaney (CB)

SPECIAL TEAMS
Chase McLaughlin (K), Zach Triner (LS)

CAP CLEARING POSSIBILITIES

  • Extend WR Mike Evans, lowering his $12.2M (void) cap hit for 2024. Evans projects toward a 4 year, $95M ($23.8M per year) contract in our system currently.
  • Process a $10M base salary conversion on WR Chris Godwin, freeing up $8M of cap when factoring in 4 void years.
  • Release WR Russell Gage, freeing up $11.1M of cap
  • Designate OL Ryan Jensen a Post 6/1 release, freeing up $1.2M of cap after June 1st
  • Extend OL Tristan Wirfs, lowering his $18.6M cap hit in 2024. Wirfs should be considered as the next highest paid offensive lineman in NFL history ($25M+ per year, $67M+ guaranteed). Wirfs projects toward a 4 year, $102M extension in our system currently.
  • Process a full base salary conversion on DL Vita Vea, freeing up $11.5M of cap when factoring in 2 void years.
  • Release LB Anthony Nelson, freeing up $1.8M of cap
  • Extend LB Lavonte David to an identical 1 year, $4.5M contract, freeing up $133,000 of cap when factoring in 4 void years.
  • Process a full base salary conversion on CB Carlton Davis, freeing up $10.3M of cap when factoring in 4 void years
  • Process a full base salary conversion on CB Jamel Dean, freeing up $8.7M of cap when factoring in 2 void years

Related Links

Michael GinnittiJanuary 04, 2024

The NFL announced Pro Bowl rosters for the 2023 season, including 9 49ers, 7 Cowboys, 7 Ravens, 6 Eagles, & 6 Dolphins. The list also consists of a few notable pending free agents in WR Mike Evans (TB), ILB Patrick Queen (BAL), RBs Derrick Henry (TEN) & D’Andre Swift (PHI), DTs Chris Jones (KC) & Justin Madubuike (BAL), EDGEs Josh Allen (JAX) & Danielle Hunter (MIN), & CB Jaylon Johnson (CHI).

Since the ratification of the 2020 CBA, NFL 1st Rounder 5th-Year option values have been tied to Pro Bowl selections, so now is the perfect time to dive into the 2021 class. We'll take a run down the entire first round, making note of the player's status in terms of 3-year playing time (see below), any (initial) Pro Bowl selections, & a loose estimate on their 2025 option salary value. All 5th-year options must be decided on by May 2nd, 2024. Per this latest CBA, the salary becomes fully guaranteed as soon as it's exercised.

  • TIER 1: A player is selected to two or more Pro Bowls. The 5th-Year Option price is the same as the franchise tag salary at their position from the previous year.
  • TIER 2: A player is selected to one Pro Bowl. The 5th-Year Option price is the same amount as the transition tag salary from the previous year.
  • TIER 3: A player takes 75% of the team’s offensive or defensive snaps in 2 of their first 3 seasons, OR 50% of the snaps played in each of the 3 seasons, OR a 75% average over all three seasons. The 5th-Year Option price is the 5-year average of the 3rd-20th highest paid players at their position.
  • TIER 4: A player does not meet any of the above criteria. The 5th-Year Option price is the 5-year average of the 3rd-25th highest paid players at their position.
PICK TEAM PLAYER POS PLAYING TIME PRO BOWLS ESTIMATED
5TH-YEAR
1 JAC Trevor Lawrence QB Pass 0 $20,000,000
2 NYJ Zach Wilson QB Fail 0 $18,500,000
3 SF Trey Lance QB Fail 0 $18,500,000
4 ATL Kyle Pitts TE Fail 1 $10,400,000
5 CIN Ja'Marr Chase WR Pass 3 $20,700,000
6 MIA Jaylen Waddle WR Pass 0 $17,014,000
7 DET Penei Sewell RT Pass 2 $19,900,000
8 CAR Jaycee Horn CB Fail 0 $10,500,000
9 DEN Patrick Surtain II CB Pass 2 $18,800,000
10 PHI DeVonta Smith WR Pass 0 $17,014,000
11 CHI Justin Fields QB Pass 0 $19,905,000
12 DAL Micah Parsons ILB Pass 3 $20,200,000
13 LAC Rashawn Slater LT Fail 1 $19,500,000
14 NYJ Alijah Vera-Tucker OL Fail 0 $15,000,000
15 NE Mac Jones QB Pass 0 $20,000,000
16 ARI Zaven Collins LB Fail 0 $12,000,000
17 LV Alex Leatherwood RT Fail 0 N/A
18 MIA Jaelan Phillips LB Fail 0 $12,000,000
19 WAS Jamin Davis LB Pass 0 $13,000,000
20 NYG Kadarius Toney WR Fail 0 $13,000,000
21 IND Kwity Paye DE Fail 0 $13,000,000
22 TEN Caleb Farley CB Fail 0 $10,500,000
23 MIN Christian Darrisaw OL Pass 0 $16,000,000
24 PIT Najee Harris RB Pass 0 $6,500,000
25 JAC Travis Etienne RB Fail 0 $5,500,000
26 CLE Greg Newsome CB Pass 0 $11,750,000
27 BAL Rashod Bateman WR Fail 0 $13,000,000
28 NO Payton Turner DE Fail 0 $13,000,000
29 GB Eric Stokes CB Fail 0 $10,500,000
30 BUF Greg Rousseau DE Fail 0 $13,000,000
31 BAL Odafe Oweh OLB Fail 0 $12,000,000
32 TB Joe Tryon OLB Fail 0 $12,000,000
Michael GinnittiJanuary 03, 2024

We’re less than 50 days away from the February 20th date that opens up the franchise tag window for NFL teams, running through March 5th. Spotrac has identified a few players who may be trending toward a tag offer this winter, including projected price tags, calculated market values, & thoughts for each.

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PROJECTED 2024 FRANCHISE TAG VALUES

Position 2024 Tag
Quarterback $36.3M
Running Back $11.3M
Wide Receiver $20.7M
Tight End $12M
Offensive Lineman $19.9M
Defensive Tackle $20.9M
Defensive End $20.2M
Linebacker $22.8M
Cornerback $18.8M
Safety $16.2M
Kicker/Punter $5.6M

* all values based on a estimated $242.5M 2024 league salary cap.

 

Keep in mind, not all players listed below are in line for the franchise tag values shown above. A player’s final franchise tag price is the greater of the league calculated value for their respective position OR 120% of their previous year’s salary cap figure (minus workout bonuses & incentives).

Kirk Cousins (QB, Vikings)

2024 Tag: Not Available
Current Market Value: $39.6M

Cousins isn’t eligible for a franchise tag this winter as his current contract with the Vikings won’t officially void until March 13th, well after the deadline to tag a player has passed. Minnesota has 2 ½ months to work out a new deal with their QB1 before Cousins can officially hit the open market.

Baker Mayfield (QB, Buccaneers)

Projected Tag: $36.3M
Current Market Value: $16.5M

Calling Mayfield a tag candidate this winter is probably a bit shortsighted, but the Buccaneers are division contenders because of Baker’s play this season. He’ll be a sought after QB1 on the open market this March if the Bucs let him get there, and - quite simply - if it ain’t broke, why try to change? A Derek Carr type contract (4 years, $150M) with team-friendly guarantee structure shouldn’t be out of the question here. 

Derrick Henry (RB, Titans)

2024 Tag: $19M
Current Market Value: $5M

120% of Henry’s current salary cap charge means a franchise tag value north of $19M in 2024. This ends any discussion of the Titans going this route to keep their near 30-year-old running back. There’s not even a precedent for RBs of this age to find $5M per year, let alone near $20M.

Other Unlikely RB Candidates: D'Andre Swift (PHI, $11.3M); Tony Pollard (DAL, $12.1M); Saquon Barkley (NYG, $12.1M); Josh Jacobs (LV, $14.1M)

Mike Evans (WR, Buccaneers)

2024 Tag: $28.4M
Current Market Value: $24M

Despite toppling the 30-year-old mark this past season, Evans hasn’t slowed down one bit. He’ll enter the offseason as arguably the best available weapon in all of football, projecting to a 4 year, $96M contract in our system. With that said, a $28M+ tag price is likely too rich for Tampa Bay to bite on.

Michael Pittman Jr. (WR, Colts)

Projected Tag: $20.7M
Current Market Value: $22.7M

The Colts are building on something nice here, starting with young QB Anthony Richardson, recently extended RB Jonthan Taylor, and a career season in a walk year from Pittman Jr. Tough to imagine Indy letting him hit the open market, especially when the tag offers a bit of value hypothetically speaking. A 4 year, $92M contract seems within reason here.

Tee Higgins (WR, Bengals)

Projected Tag: $20.7M
Current Market Value: $16.5M

Higgins has been locked into the WR2 role for 4-straight seasons in Cincy, and has likely been offered contracts reflecting that. A franchise tag offer would represent an overpay based on this approach, making it extremely likely that the near 25-year-old hits the open market this March. Will another franchise value him at a WR1 ($22M-$25M per year) level?

Chris Jones (DT, Chiefs)

2024 Tag: $32.17M
Current Market Value: $28.2M

Jones held out through Week 1, hoping the Chiefs would increase their extension offer to his reported $30M per year asking price. They didn’t and he returned to action on an incentive-laden 1 year restructure instead. Jones will likely earn just under $22M this season when factoring in earned bonuses.

Going forward, the 120% rule means that a franchise tag for Chris Jones in 2024 will come in just over $32M - a hefty number for Kansas City to add to their salary cap in March. Will the two sides find common ground on an extension? Will Jones be tagged/traded at the start of the new league year? Everything is on the table here.

Justin Madubuike (DT, Ravens)

Projected Tag: $20.9M
Current Market Value: $20.3M

Madubuike came into 2023 with 8.5 career sacks across three seasons. He posted a 13 sack, 50+ tackle, 2 forced fumble season in his contract year. A $20M+ franchise tag won’t be cap friendly for the Ravens entering March, but keeping him around on a $22M(ish) per year extension could very well be in the cards.

Christian Wilkins (DT, Dolphins)

Projected Tag: $20.9M
Current Market Value: $20.2M

Despite a career year in 2023, Wilkins doesn’t quite have the total resume to mathematically calculate toward the $22M-$24M deals that Quinnen Williams, Daron Payne, or Jeffery Simmons have locked in. But he’s certainly in that conversation. Miami enters the 2024 offseason $41M of salary cap in the red, so a $21M franchise tag hit out of the gate isn’t ideal. This could be a situation to monitor in the coming weeks.

Brian Burns (OLB, Panthers)

Projected Tag: $23M
Current Market Value: $22M

Burns entered 2023 at a maximum value, eyeing T.J. Watt’s $28M per year, and then eventually Nick Bosa’s historic $34M. But it’s been a bit of a down year for the 25-year-old, as it has been for everyone involved with the Panthers’ organization. A tag & trade is very much within reason this offseason, allowing Carolina to recoup a few picks they gave away to secure Bryce Young last May. Contractually, don’t be surprised if Burns becomes the next $30M per year player when it’s all said and done.

Patrick Queen (LB, Ravens)

Projected Tag: $22.8M
Current Market Value: $18.5M

Queen’s future in Baltimore was put into question when the Ravens acquired & extended Roquan Smith last season. He’s responded with a massive season, putting his name back in contention for a major payday - whether he stays or goes. Baltimore isn’t flush with 2024 salary cap ($11M), and DT Justin Madubuike is also a tag/extension candidate, making it most likely that Queen is allowed to hit the open market next March.

Frankie Luvu (LB, Panthers)

Projected Tag: $22.8M
Current Market Value: $11.5M

Luvu has now put together back to back outstanding seasons in Carolina. The Panthers have a dozen holes to fill, so dropping a few dimes on an off-ball linebacker this winter probably isn’t in the cards. Luvu cashes in elsewhere next March.

Josh Allen (OLB, Jaguars)

Projected Tag: $22.8M
Current Market Value: $21.7M

After two above average campaigns in 2021 & 2022, Allen has saved the best for last, compiling 16.5 sacks, 2 forced fumbles, 60+ tackles, and an INT for the Jags. He’ll be eyeing Bradley Chubb’s 5 year, $110M contract in Miami as a floor this winter.

Danielle Hunter (OLB, Vikings)

2024 Tag: Not Available
Current Market Value: $20M

Hunter restructured his contract with Minnesota to stick around on a 1 year, $17M base value. His 15+ sacks this season have already bumped that pay day up to $20M, his calculated value heading into the offseason. With that said, the current contract contains void years that won’t process until March 13th, making him unavailable to be franchise tagged this February. 

Jaylon Johnson (CB, Bears)

Projected Tag: $18.8M
Current Market Value: $15.7M

Johnson is putting together his best season (by a mile) in a walk year with Chicago. The Bears appear to have turned a corner, so keeping Johnson around long-term should be a priority. Slapping a tag on him to buy some extra time should be a no-brainer for an organization slated to be very aggressive this offseason. JC Jackson’s 5 year, $82.5M contract should be within reach for Johnson this winter.

Antoine Winfield Jr. (S, Buccaneers)

Projected Tag: $16.25M
Current Market Value: $18.5M

Winfield might be the best safety in all of football as he nears free agency for the first time. The 25-year-old has compiled over 115 tackles, 5 sacks, 5 forced fumbles, and 3 INTs in his walk year, and should be eyeing Derwin James’ $19.1M per year & $42M guaranteed this offseason.

Xavier McKinney (S, Giants)

Projected Tag: $16.25M
Current Market Value: $10.5M

McKinney can fill up the stat board when healthy, and is particularly stout against the run. Is he a top of the market contract candidate? No, which probably makes the franchise tag value a little too rich for NY’s blood.

Michael GinnittiJanuary 02, 2024

Spotrac’s 2024 NFL Offseason Series continues with a look at each of the four AFC East teams, breaking down their estimated Top 51 cap space, pending unrestricted free agents, a few notable bubble players, and potential ways to free up more cap space this winter.

AFC: NORTH | EAST | SOUTH | WEST
NFC: NORTH | EAST | SOUTH | WEST

Buffalo Bills

The Bills enter the 2024 offseason somewhere around $40M over the projected Top 51 salary cap threshold. Moreso, they carry (at least) 11 notable free agents heading toward March, including a number of impactful defensive players.

PENDING UFAS

QUARTERBACK
Kyle Allen

RUNNING BACK
Damien Harris, Ty Johnson, Latavius Murray
Bubble: Nyheim Hines

WIDE RECEIVERS
Gabriel Davis, Trent Sherfield
Bubble: Deonte Harty

OFFENSIVE LINE
David Edwards
Bubble: Connor McGovern, Mitch Morse

DEFENSIVE LINE
DaQuan Jones, Tim Settle, Jordan Phillips, Poona Ford, Linval Joseph

EDGE DEFENDERS
Leonard Floyd, Shaq Lawson, A.J. Epenesa
Bubble: Von Miller

LINEBACKERS
Tyrel Dodson, Tyler Matakevich

SECONDARY
Micah Hyde (S), Dane Jackson (CB), Taylor Rapp (S), Cam Lewis (CB)
Bubble: Tre'Davious White (CB), Siran Neal (CB), Damar Hamlin (S)

CAP CLEARING POSSIBILITIES

  • Process a full base salary plus $6M roster bonus conversion on QB Josh Allen, freeing up $22.7M of cap
  • Process a $5M roster bonus conversion on TE Dawson Knox, freeing up $4M of cap when factoring in 2 void years.
  • Extend OT Dion Dawkins, lowering his $16.6M cap hit for 2024. Dawkins projects toward an $18M per year contract in our system.
  • Process a full base salary plus $1M roster bonus conversion on OL Mitch Morse, freeing up $5.3M of cap space when factoring in 4 void years.
  • Extend CB Taron Johnson, lowering his $12.4M hit for 2024. Johnson projects toward a $14M per year contract in our system.
  • Extend CB Rasul Douglas, lowering his $9M cap hit for 2024. Douglas projects toward a $14M per year contract in our system.
  • Release CB Tre'Davious White, freeing up $6.2M of cap
  • Release CB Siran Neal, freeing up $2.8M of cap
  • Release RB Nyheim Hines, freeing up $4.98M of cap
  • Release WR Deonte Harty, freeing up $4.195M of cap
  • Waive S Damar Hamlin, freeing up $1M of cap

Related Links

Miami Dolphins

The Dolphins enter the 2024 offseason somewhere around $40M over the projected Top 51 salary cap threshold. While Miami possesses a few notable free agents heading toward March, it seems likely that the bigger conversion will surround their potential extension candidates - notably Tua Tagovailoa, Jaylen Waddle, & Christian Wilkins.

PENDING UFAS

QUARTERBACK
Bubble: Mike White

RUNNING BACK
Salvon Ahmed
Bubble: Jeff Wilson

WIDE RECEIVERS
Cedrick Wilson, Braxton Berrios, Chase Claypool, River Cracraft, Robbie Anderson

TIGHT ENDS
Tyler Kroft

OFFENSIVE LINE
Connor Williams, Robert Hunt, Isaiah Wynn, Kendall Lamm

DEFENSIVE LINE
Christian Wilkins, Raekwon Davis, Da'shawn Hand

EDGE DEFENDERS
Andrew Van Ginkel
Bubble: Emmanuel Ogbah

LINEBACKERS
Calvin Munson

SECONDARY
Deshon Elliott, Eli Apple, Brandon Jones, Elijah Campbell

SPECIAL TEAMS
Jake Bailey (P)

CAP CLEARING POSSIBILITIES

  • Extend QB Tua Tagovailoa, lowering his $23.1M cap hit for 2024. Tagovailoa projects north of $50M per year in our system.
  • Process a full base salary conversion on WR Tyreek Hill, freeing up $14.7M of cap
  • Process a full base salary conversion on OT Terron Armstead, freeing up $9.6M of cap
  • Release DE Emmanuel Ogbah, freeing up $13.8M of cap
  • Process a full base salary conversion on DT Zach Sieler, freeing up $5.6M of cap
  • Process a full base salary conversion on LB Bradley Chubb, freeing up $14.9M of cap
  • Release Jerome Baker, freeing up $9.9M of cap
  • Process a full base salary plus $11M roster bonus conversion on CB Jalen Ramsey, freeing up $19.4M of cap

Related Links

New England Patriots

It’s setting up to be quite the offseason in New England, with rumors swirling about the immediate status of HC/GM Bill Belichick, no viable QB1 currently on the roster, minimal offensive weapons to boast, both offensive tackles set for the open market, and a fairly good defense that will need internal investment to remain intact. The good news? The Pats should secure a Top 5 pick in the upcoming draft, and carry an estimated $72M of Top 51 cap space into the new year.

PENDING UFAS

QUARTERBACK
Bubble: Mac Jones, Bailey Zappe

RUNNING BACK
Ezekiel Elliott

WIDE RECEIVERS
Kendrick Bourne, Jalen Reagor

TIGHT ENDS
Hunter Henry, Mike Gesicki, Pharaoh Brown

OFFENSIVE LINE
Trenton Brown, Mike Onwenu, Riley Reiff

DEFENSIVE LINE
Bubble: Davon Godchaux

EDGE DEFENDERS
Bubble: Deatrich Wise

SECONDARY
Kyle Dugger (S), Myles Bryant (CB), Jalen Mills (CB)
Bubble: Adrian Phillips (S), J.C. Jackson (CB)

SPECIAL TEAMS
Bubble: Chad Ryland (K)

CAP CLEARING POSSIBILITIES

Related Links

New York Jets

Let’s try this again. The Jets appear poised to run almost everything back in 2024, hoping for a little Aaron Rodgers magic to sprinkle its way around the franchise. New York doesn’t carry a large list of free agents into the offseason, but that doesn’t mean significant change isn’t coming to certain position groups. According to our data, the Jets hold an estimated $16M of Top 51 cap space in 2024.

PENDING UFAS

QUARTERBACK
Trevor Siemian
Bubble: Zach Wilson

WIDE RECEIVERS
Randall Cobb

TIGHT ENDS
Bubble: C.J. Uzomah, Tyler Conklin

OFFENSIVE LINE
Duane Brown, Connor McGovern, Mekhi Becton, Billy Turner
Bubble: Laken Tomlinson, Wes Schweitzer

DEFENSIVE LINE
Solomon Thomas, Al Woods, Quinton Jefferson

EDGE DEFENDERS
Carl Lawson, Bryce Huff

SECONDARY
Jordan Whitehead (S), Chuck Clark (S)

SPECIAL TEAMS
Greg Zuerlein (K), Thomas Morstead (P)

CAP CLEARING POSSIBILITIES

  • Trade QB Zach Wilson, freeing up $5.4M of cap
  • Process a full base salary conversion on WR Allen Lazard, freeing up $7.1M of cap when factoring in 2 void years
  • Release TE C.J. Uzomah, freeing up $5.3M of cap
  • Release TE Tyler Conklin, freeing up $4.8M of cap
  • Release OL Laken Tomlinson, freeing up $8.1M of cap
  • Release OL Wes Schweitzer, freeing up $1.1M of cap
  • Process a full base salary conversion on DL Quinnen Williams, freeing up $10.6M of cap when factoring in 1 void year
  • Process a full base salary conversion on DE John Franklin-Myers, freeing up $9.7M of cap when factoring in 1 void year
  • Process a full base salary conversion on OLB Quincy Williams, freeing up $3.9M of cap when factoring in 3 void years
  • Extend ILB C.J. Mosley to a new contract, lowering his $21.4M cap hit for 2024. Mosley is still performing at a $10M+ per year level.
  • Extend CB D.J. Reed, to a new contract, lowering his $15.6M cap hit for 2024. Reed projects toward a $13M per year contract in our system.

Related Links

Michael GinnittiDecember 27, 2023

A new year always brings plenty of new quarterback conversations for many of the 32 NFL franchises, and this upcoming offseason will be no exception.

We’ll step outside our analysis-only shoes for a moment, offering a bold prediction for each NFL team’s quarterback situation in the coming months, including potential extensions, trades, releases, salary conversions, & plenty more.

Arizona Cardinals

Perfect. Let’s begin with maybe the most complicated situation in the league. Kyler Murray’s limited action in 2023 after returning from a serious knee injury hasn’t exactly wowed anybody - but neither should the roster being put around him on a weekly basis.

Arizona can actually save $5.6M of cap space by trading Kyler Murray in early March, but that hardly seems like the biggest thing standing in the way of a potential move out of town. Is there another team willing to take on 4 years, $150M guaranteed (for practical purposes)?

The Cardinals sit with the #2 overall pick in next year’s draft at the time of this piece, putting them in prime position to select the next young QB of their future. If of course, they kind remove themselves from Murray & his contract.

Arizona trades back to #4 overall, selecting Marvin Harrison Jr. to pair with Kyler Murray for 2024 & beyond.

Atlanta Falcons

Young QB of the future Desmond Ridder was benched multiple times in favor of Taylor Heinicke, who completed less than 60% of his passes with a rating somewhere in the 80’s. It’s a bleak outlook for an otherwise fairly talented roster, begging for an expensive quick fix this March.


Ridder’s contract contains 2 years, $2.5M remaining - but none of it is guaranteed ($922,458 of savings to trade or release him early on next March). Heinicke has a $1.32M roster bonus due March 17th, but a release before that can open up $7M of cap space.

Atlanta acquires Justin Fields from the Chicago Bears in exchange for a 2024 2nd round pick, and a 2025 2nd round pick that can convey to a 1st based on production & playing time.

Baltimore Ravens

Finally a soft landing spot here. Lamar Jackson’s tumultuous offseason turned into $185M guaranteed, and a regular season MVP. His contract carries another 3 years, $128M of practical guarantee before things get interesting again, and his $32.4M cap hit for 2024 should be tenable for Baltimore.

The Ravens need to address the QB2/QB3 position this offseason, though a reunion with Tyler Huntley seems to make a lot of sense. 

Baltimore signs Tyler Huntley to a 2 year, $5M extension, including $3M guaranteed to remain as Lamar’s backup

Buffalo Bills

Josh Allen will be entering Year 4 of his 8 year contract in Buffalo, set to earn $30M cash against a $47M cap hit. The practical guarantees on his deal expire after 2025, but his future with the Bills has no end in sight.

The Bills need to address their QB2 again next March, as Kyle Allen was signed to a 1 year veteran minimum contract this past offseason.

Buffalo frees up $22.7M of cap space by converting most of Josh Allen's 2024 base salary + a $6M roster bonus into signing bonus.

Carolina Panthers

Year 1 for Bryce Young didn’t exactly go as planned - but then again, nothing did for Carolina in 2023. It’s a full reboot for the coaching staff, and a front office without a 1st round pick next May, keeping the immediate outlook bleak for now. Young is guaranteed $12.6M over the next 3 seasons.

Behind him (maybe), $2M of Andy Dalton’s 2024 salary is already fully guaranteed, making his $4M salary/$4.9M cap hit largely secure for the upcoming season.

Carolina pays handsomely for a new offensive-minded coaching staff and a weapon or two, attempting to Jacksonville Jaguars themselves back into the conversation next season.

Chicago Bears

The Bears hold the #1 & #8 picks in the upcoming draft at the time of this piece, putting them in an extremely powerful position - with a difficult decision to make at QB1.

Justin Fields has probably done just enough to keep himself tradable this offseason, though there certainly remains a lot to be desired still. The 24-year-old is fully guaranteed at $3.2M through 2024, and his 5th-year-option for 2025 needs to be decided on by next May.

Chicago trades Justin Fields at the start of the league year, setting themselves up to select the best available QB in next year’s draft

Cincinnati Bengals

Joe Burrow’s injury didn’t torpedo the Bengals’ season as quickly as many expected - but he’s still far and away the number one option for this franchise indefinitely speaking. The next 4 years, $173.5M of his new contract are guaranteed for practical purposes, putting plenty of pressure on Cincy to keep the gas pedal down every offseason.

The Bengals leave Burrow’s $29.7M cap hit intact this March, tendering QB2 Jake Browning to his $915,000 salary for 2024.

Cleveland Browns

Deshaun Watson was turning a corner with this offense at the time of his season-ending shoulder injury, offering at least some hope that Cleveland will eke out a few morsels of value from the massive trade price & $230M cash sometime soon.

The real fascination here comes with fill-in Joe Flacco, who has already stated that he plans on continuing his career past 2023. Will he accept a new backup contract in Cleveland, or does he have eyes on a team that might offer him a better chance to start?

Cleveland doubles down on an already expensive QB situation, signing Joe Flacco to a 2 year, $12M extension ($7.5M guaranteed) to remain a viable fill-in for Deshaun Watson, who sees his base salary converted to signing bonus, freeing up $36M of cap space.

Dallas Cowboys

The Cowboys entered 2023 needing an answer to “is Dak Prescott still our long-term QB1?”. He responded with one of his most efficient & productive seasons to date, carrying a near 105 rating through most of the campaign.

Prescott enters a contract year in 2024, set to earn $34M against a $59.5M cap hit. He mathematically projects to a 4 year, $200M extension, but Dallas probably needs to get closer to $60M per year to convince Dak to extend early (something he opted not to do the last time around).

Quickly, behind Dak, Cooper Rush holds a non-guaranteed $2.25M for 2024, but Trey Lance (remember him?) carries a fully guaranteed $5.3M salary next season. Is he poised to be Prescott’s backup, or will Dallas need to shuffle a few pieces in the coming months?

Dallas extends Dak Prescott to a 4 year, $240M contract extension ($190M guaranteed), including a record $75M signing bonus. The Cowboys trade Trey Lance to Denver for a late round pick swap.

Denver Broncos

The Broncos had life in the middle of the season, but Russell Wilson & the Denver offense sputtered down the stretch, forcing a benching of their high-priced QB. Now it’s a chess match entering 2024, as Wilson is fully guaranteed $39M for the upcoming season, but another $37M from 2025 will lock in on March 17th. Will Denver take on the $85M of dead cap associated with an outright release (split into $35.4M/$49.6M as a Post 6/1 move)? Is there a team out there willing to swap a draft pick to take on a portion of Wilson’s contract for 2 years?

$1M of Jarrett Stidham’s $6M salary for 2024 is already fully guaranteed, aligning him well to stick on this roster in some capacity next season (potentially as the Week 1 starter).

Unable to secure a trade partner, Denver designates Russell Wilson a Post June 1st release in early March, paying him $39M cash to go away. The Broncos also acquire Trey Lance from Dallas for a late round pick swap.

Detroit Lions

Los Angeles’ trash is Detroit’s future. Jared Goff hasn’t had the cleanest season (10 INTs, 6 fumbles), but he’s done more than enough to warrant more financial security from the Lions. Goff will be entering a contract year in 2024, set to earn $26.6M against a $31.6M cap hit.

The 29-year-old currently calculates to an extension in the $39M-$40M per year range, but a significant postseason run can certainly flex those numbers quite a bit.

The Lions extend Jared Goff to a 4 year, $180M contract ($135M guaranteed), including $50M cash in 2024.

Green Bay Packers

Jordan Love should finish off his first full season as a starter somewhere in the middle of the pack in terms of overall production & efficiency. There have been a few moments of good wow, and a few moments of bad wow along the way, setting up an interesting decision for Green Bay this offseason.

Have they seen enough to really put a stamp on this situation, extending the 25-year-old out a few years to secure him, or will they roll the dice on an expiring contract in 2024 (currently projected to carry a $9M cap/cash hit)?

The Packers keep Love on his current contract, hoping for a little more clarity before they pull the trigger on $150M+ guaranteed.

Houston Texans

Houston hit the lottery with C.J. Stroud, though his late-season concussion is certainly something to monitor as his career progresses. He’s fully guaranteed for the next 3 years, $12.1M plus a possible 5th-year-option in 2027.

There’s at least a bit of a discussion behind Stroud, as Davis Mills (non-guaranteed 1 year $1.3M) was passed over for 35-year-old Case Keenum, who already has $1M of his $3M salary in 2024 fully guaranteed right now.

The Texans release Davis Mills, making C.J. Stroud and Case Keenum their 2024 1-2 punch.

Indianapolis Colts

A healthy Anthony Richardson should still be locked into the QB1 role going forward. The 21-year-old has 3 years, $11.5M fully guaranteed ahead of him, plus a potential 5th-year-option for 2027.

The real conversation here starts with Gardner Minshew, who filled it more than admirably when Richardson’s season came crashing down due to injury. This isn’t the first time that Minshew has shown flashes of real starter potential - but will a team take a chance financially on him this winter?

Unable to secure a true QB1 contract/landing spot, Gardner Minshew agrees to a 2 year, $15M contract, $9M guaranteed, to remain a viable starting option for Indy going forward.

Jacksonville Jaguars

This was supposed to be the year that Trevor Lawrence broke out into the Top 5 QB he was drafted to be. It hasn’t exactly gone to plan, but this is still far from a “sky is falling” scenario. It might however impede Lawrence from getting his big time extension this winter - maybe.

Lawrence is a $49M player in our system, mathematically speaking, and the Jags may want to cash in on a situation where his value is a bit lower than expected, if both sides can agree to something like that.

The Jaguars exercise Trevor Lawrence’s 5th-year-option this offseason, but allow him to play out his $5.6M salary in 2024 before making a more long-term commitment.

Kansas City Chiefs

A restructured contract for Patrick Mahomes has him pretty outstandingly secured ($204M) for the next 4 seasons, rightfully so. Mahomes carries a $57.3M cap hit in 2024, so there’s some work to do in that regard.

Behind him, Blaine Gabbert is finishing off a 1 year, veteran minimum contract. It stands to reason that the 34-year-old will be back on similar terms.

The Chiefs convert all of Patrick Mahomes’ $34.9M roster bonus into signing bonus, clearing $27.9M of cap space for 2024

Las Vegas Raiders

2023 Week 1 starter Jimmy Garoppolo hasn’t seen action since Halloween, as the Raiders saw enough from the 32-year-old to decide his future early on. $11.25M of Jimmy G’s 2024 compensation is already fully guaranteed, while another $11.25M is injury guaranteed right now.

2023 4th round pick Aidan O'Connell hasn’t exactly hit the ground running as the step-in starter, but with a non-guaranteed 3 year, $3M contract on the books from here out, he’s a no-brainer to stick around and continue to compete for the starting role.

Incredibly, $2M of Brian Hoyer’s 2024 compensation is fully guaranteed. Assuming he doesn’t retire, Hoyer figures to be an overpaid QB3 next year.

The Raiders pay Jimmy Garoppolo his $11.25M parting gift, taking on a $28.3M dead cap hit ($15.5M in 2024, $12.8M in 2025 if designated Post 6/1) to outright release him next March. Aidan O’Connell gets the keys again in 2024.

Los Angeles Chargers

Justin Herbert’s new deal carries $228.6M more practically guaranteed through the 2028 season, so there’s no need to discuss his standing just yet - even if the walls around him may be completely excavated this winter.

Easton Stick’s tenure as a pinch hitter probably came crashing to an end this season. The new regime in LA will be in search of a more capable QB2.

Herbert’s $19.3M cap hit for 2024 is more than doable, so his contract stays untouched this winter. The Chargers sign Davis Mills to a 1 year, $2M contract to back him up.

Los Angeles Rams

Don’t look now, but Matthew Stafford is going to finish 2023 in the Top 10 of many passing stats, and with a Top 5 QB grade according to PFF. All $31M of his 2024 compensation is fully guaranteed right now, and $10M of his 2025 salary locks in on March 15th.

Behind him, it’s hard to imagine Stetson Bennett can be relied on as a true QB2 going forward, and Carson Wentz’s prorated minimum contract expires at the end of 2023. There’s work to be done here.

The Rams convert $29M of Stafford’s 2024 salary into a signing bonus, freeing up $23M of cap space. LA signs Jameis Winston to a 1 year, $4M contract to back him up.

Miami Dolphins

Tua Tagovailoa will be entering a fully guaranteed 5th-year-option season, set to earn $23.1M in 2024. He’s answered almost every question being asked of him before the start of the campaign.

QB2 Mike White holds a non-guaranteed $3.5M salary in 2024, while youngster Skylar Thompson carries a non-guaranteed 2 year, $2M contract.

The Dolphins make Tua the highest average paid QB in NFL history, signing him to a 5 year, $280M extension through 2029. However, his injury history limits the new, practical guarantees on the deal to just $175M. Mike White is a cap casualty this March.

Minnesota Vikings

Kirk Cousins limps into free agency as the most experienced, productive QB set to become available. The 35-year-old carries a $40M valuation into the offseason, likely seeking his 4th consecutive fully guaranteed contract.

Minnesota never lets Cousins hit the open market, agreeing to a 2 year, $80M, fully guaranteed contract extension with their QB1. And under-contract Nick Mullens remains as the QB2.

New England Patriots

Will the Patriots find a trade partner for Mac Jones this winter? Will they pay him his fully guaranteed $2.78M salary as a buyout? Or will they keep him in the fold to compete as needed? Current QB1 Bailey Zappe sits on a non-guaranteed $985,000 minimum salary next season.

The Patriots trade Mac Jones to the 49ers for a 2024 7th round pick swap, paving the way for a newly drafted QB to take the reins immediately in New England.

New Orleans Saints

Derek Carr is fully guaranteed through 2024 at $30M, and $10M of his 2025 compensation becomes fully guaranteed next March. It’s an overpay for a middle of the road QB1, but it’s impossible to imagine the Saints front office blowing up their already crunched cap table to do anything about it this offseason.

Carr’s $30M salary is converted to signing bonus, freeing up $23M of cap space for New Orleans. Taysom Hill operates as the QB2 in 2024.

New York Giants

All $35.5M of Daniel Jones’ 2024 salary is fully guaranteed, putting him in line to regain the starting role if he returns to full health in time. However, $23M of his 2025 salary is guaranteed for injury - so the Giants need to tread lightly with a player that they likely don’t want to pay past 2024. 

The Giants swing a draft trade with Arizona to move up and select their next franchise QB, who takes over the starting role in NY sometime around Week 7.

New York Jets

A totally and completely healthy Aaron Rodgers will regain QB1 duties next Spring with a fully guaranteed $38.1M on the books for him in 2024. The remaining $37.5M from 2025 contains no early vesting guarantee.

Can the Jets secure a trade partner for Zach Wilson? Will they keep him around as Rodgers’ QB2? Or will they pay his fully guaranteed $5.4M salary as part of a release/buyout?

The Jets trade Zach Wilson to the Washington Commanders with a 5th round pick for Sam Howell, who steps in as Rodgers’ new QB2.

Philadelphia Eagles

It’s been a bit of a roller coaster for Jalen Hurts and the Eagles’ offense this year, but contractually the 25-year-old's standing is rock solid ($184M practically guaranteed through 2027, $40M cash in 2024). Hurts’ $13.5M cap hit next year needs no attention.

The Eagles re-sign Marcus Mariota to a 1 year, $2.5M contract

Pittsburgh Steelers

Kenny Pickett carries a fully guaranteed 2 years, $4.6M, and should regain his starting gig next Spring. 2024 will be a pivotal year for the future of Pickett in Pitt. Mitchell Trubisky holds a non-guaranteed 2 years, $11.25M (incredibly).

The Steelers release Trubisky before his $1M roster bonus is due next March, re-signing Mason Rudolph to a 1 year, $2.5M contract to backup Pickett.

San Francisco 49ers

While the MVP conversation has quickly cooled, Brock Purdy will remain one of the best values in the NFL next year, set to earn a league minimum $985,000. His contract cannot be extended until after the 2024 campaign. Both Sam Darnold & Brandon Allen are on expiring contracts right now.

The Niners acquire Mac Jones from the Patriots in exchange for a 2024 7th round pick swap.

Seattle Seahawks

Geno Smith’s 3 year, $75M contract was structured to give Seattle a clear out after 2023 if they needed it. While nothing is certain as of yet, it seems more and more likely that Smith will remain on this contract through the 2024 season, where he’s set to earn $22.5M cash against a $31.2M cap hit. Very capable QB2 Drew Lock is scheduled for unrestricted free agency next March.

The Seahawks keep Smith, converting his $9.6M roster bonus into signing bonus, freeing up $7.6M of cap space next season. Seattle re-signs Drew Lock to a 1 year, $5M contract to remain the QB2.

Tampa Bay Buccaneers

Baker Mayfield should finish out the 2023 season with around $6.6M under his belt - pretty impressive value for a Tampa Bay team that was rolling the dice on the former #1 overall pick. Will this marriage continue?

The Buccaneers extend Baker Mayfield to a 4 year $164M contract, including $84M fully guaranteed. Tampa signs Sam Darnold to a 1 year, $2M contract to solidify the room.

Tennessee Titans

The Will Levis era hasn’t exactly kicked off with a bang, but there have been moments of positivity. Head Coach Mike Vrabel likely doesn’t have time to slow play a full rebuild, so this offseason should be about finding immediate upgrades.

The Titans sign Russell Wilson to a 1 year, $2.5M contract plus $7.5M in incentives (with Denver paying him the balance of his $39M owed), offering him an opportunity to take over Tennessee’s offense in 2024.

Washington Commanders

The Commanders should find themselves in a prime spot to draft their next franchise QB, (currently slated to select #3 overall). 2023 QB1 Sam Howell holds a non-guaranteed 2 years, $2M, while veteran Jacoby Brissett is slated for free agency next March.

Washington acquires Zach Wilson and a 5th round pick from the Jets, sending back Sam Howell. The Commanders then select their next franchise QB at the top of the draft, giving him the keys to the car immediately.

Michael GinnittiDecember 22, 2023

The first edition of our 2024 NFL Roster Bubble report features a few current starting quarterbacks, a laundry list of wideouts, and a few blockbuster names on the defensive side of the ball. We've organized this list by position, making note of each player's upcoming 2024 salary cap hit, and thoughts/financial ramification should their respective team move on.

Did we miss someone? Send suggestions to @spotrac.

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Jump to a Position:

Quarterbacks
Player Team Pos AGE 2024 Cap Details
Geno Smith SEA QB 33 $31,200,000 All $22M+ of his 2024 compensation fully guarantees March 17th. Smith hasn't been 2022 Geno, but he hasn't been awful either. A Pre 6/1 trade or release frees up $13.8M of 2024 cap.
Jimmy Garoppolo LV QB 32 $28,517,000 Garoppolo was benched midseason to preserve his injury guarantees & pave the way for Aidan O'Connell. Barring a trade (unlikely), the Raiders will pay Jimmy G an $11.25M bonus to release him next March. A Pre 6/1 cut only opens up $200k of cap, while a Post 6/1 move can free up $13M eventually.
Zach Wilson NYJ QB 24 $11,184,307 Wilson's $5.4M salary is already fully guaranteed, so keeping him as a QB2 makes some sense for the Jets. But this seems to be a very fluid situation.
Mitchell Trubisky PIT QB 29 $7,556,666 The Steelers paid Trubisky $8M in 2023 and he's on the books at $5.25M for 2024. The entire QB room in Pittsburgh may be overhauled this summer if we're speaking honestly here. A Pre 6/1 release frees up nearly $3M of cap.
Justin Fields CHI QB 24 $6,004,713 If the Bears secure the #1 overall pick, the likelihood that Fields is traded this spring becomes much greater. He carries a fully guaranteed $3.2M hit for 2024, with a 5th-year option that needs to be decided on by May.
Trey Lance DAL QB 23 $5,310,714 All of Lance's $5.3M salary for 2024 is fully guaranteed. It's hard to imagine he's tradeable (again), so Dallas either makes him an above average paid QB2 next season, or pays him to leave.
Mac Jones NE QB 25 $4,959,294 Will a (assumedly) new coach be tasked with trying to revive Jones, or is this situation at a point of no return? Mac is guaranteed $2.7M next season, which might be cost effective enough for another team to take a chance on. His 5th-year option decision is due next May.
Case Keenum HOU QB 35 $3,375,000 Keenum has been Houston's QB3 for all of 2023, putting his $3M salary on notice next year. $1M is fully guaranteed, but the Texans can still free up $2M by moving on.
Desmond Ridder ATL QB 24 $1,462,626 Ridder has been in and out as the Falcons starting QB, at times due to injury, and at times due to performance. It seems highly likely that the organization looks elsewhere this spring, putting Ridder's non-guaranteed 2 years, $2.6M on notice.

 

Running Backs
Player Team Pos AGE 2024 Cap Details
Aaron Jones GB RB 29 $17,717,000 A knee injury diverted an already low-producing 2023, putting Jones and his $17.7M cap hit on notice this winter. A Pre 6/1 release frees up $5.3M, while the Packers can open up $12M if they push this past June 1st.
Miles Sanders CAR RB 26 $7,695,000 Sanders is fully guaranteed through 2024 at $6.2M, but he's been the second option at best for Carolina out of the backfield this season. Maybe a new coaching staff can change that, but this is certainly a sitiuation to monitor.
Nyheim Hines BUF RB/KR 27 $5,500,000 Hines suffered an off-field injury that derailed his 2023, & $5M of his $5.5M cap hit for 2024 can be freed up if the Bills move on next March. He's valuable, but could become a contender cap casualty.
Jeff Wilson MIA RB 28 $3,782,500 Multiple injuries kept Wilson out of the lineup for much of 2023, giving rookie Decon Achane a chance to step in and shine. Miami can open up $3M of cap with a March release.
Travis Homer CHI ST/RB 25 $2,125,000 Homer has worked exclusively as a special teamer in 2023, and could remain in the fold for that purpose again in 2024 if needed. The Bears can open up $1.9M if not.
JaMycal Hasty NE RB 27 $1,420,000 Hasty has operated as the Patriots RB4 for much of 2023. They can free up all $1.42M of his 2024 salary by moving on.

 

Wide Receivers
Player Team Pos AGE 2024 Cap Details
Mike Williams LAC WR 29 $32,460,000 Williams tore his ACL early in 2023, putting his $32M+ cap figure on notice in LA. The Chargers can open up $20M of room by moving on before a $3M roster bonus is due (March 15th).
Tyler Lockett SEA WR 31 $26,795,000 Lockett continues to produce despite a crowded room of weaponsin Seattle, but he feels like the odd man out this winter. The Seahawks can free up over $7M of cap by moving on before a $1.6M March roster bonus kicks in.
Tim Patrick DEN WR 30 $16,071,666 Back-to-back seasons lost from injury all but ended Patrick's chance of seeing the $10M salary due next year. Denver can free up all $10M with a release at any point of the offseason.
Diontae Johnson PIT WR 27 $15,833,334 Johnson's had a bit of a bounce back from a down 2022, but he still seems to have fallen out of favor in this offense. Pittsburgh can free up $10M of cap before a $3M roster bonus is due (March 20th).
Marquez Valdes-Scantling KC WR 29 $14,000,000 The contract says this should be one of Patrick Mahomes' top weapons. The production does not. KC will open up $12M of cap by moving on at some point next offseason.
Michael Gallup DAL WR 27 $13,850,000 Gallup signed a low-end WR2 contract in March of 2022 but he's never returned to full form on the field. With that said, the dead cap structure on this deal means that an early trade/release only opens up $800,000. Will Dallas keeps this deal on the books through June 1 to gain $9.5M for the summer, or is this simply another cap conversion that keeps Gallup in the fold for 2024?
Hunter Renfrow LV WR 27 $13,718,000 Renfrow has been apart of less than 40% of the Raiders' snaps, setting himself up for career low production across the board. Las Vegas seems certain to take the $8.21M of cap savings here next March.
Russell Gage TB WR 27 $13,350,668 A knee injury derailed all of Gage's 2023, which certainly puts next year on notice. Tampa Bay would love the $11.1M of cap space, but with Mike Evans likely elsewhere in 2024, Gage may be a necessary piece to the puzzle still.
Jerry Jeudy DEN WR 24 $12,987,000 Jeudy's $12.987M 5th-year-option for 2024 is already fully guaranteed, so this is about finding a trade partner (potentially eating some of that salary to facilitate the move).
Allen Robinson PIT WR 30 $11,917,500 Pittsburgh took a late round flier on Robinson at $5M for 2023. It doesn't seem prudent to keep him around at double that price for 2024. The Steelers can open up $10M of cap by moving on next March.
Michael Thomas NO WR 30 $10,203,588 Thomas had things rolling a little bit in 2023 before a knee injury derailed the momentum. The 2024 year built into this contract was structured to handle a Post June 1st release, a move that will eventually free up $1.2M.
Robert Woods HOU WR 31 $9,750,000 Woods has a role on this offense, but it's hard not to wonder if the immediate success of QB C.J. Stroud will influence the Houston front office to make a few splashy additions this offseason. Freeing up $5M of cap by moving on here can certainly help facilitate that.
Darius Slayton NYG WR 26 $7,750,000 Slayton's cap number jumps up to $7.75M next year, with $6M to be saved by moving on. The Giants ran almost all of their weapons back last offseason. That probably won't be the case this time around.
Deonte Harty BUF WR/PR 26 $5,365,000 Harty was brought in to be a primary punt returner and versatile offensive weapon for Josh Allen. He's been used extremely sparingly with the latter, Cap-strapped Buffalo likely takes the near $4M of space by moving on before a March 17 roster bonus kicks in.

 

Tight Ends
Player Team Pos AGE 2024 CAP Details
George Kittle SF TE 30 $21,956,575 It's hard to imagine the Niners will actually move on from Kittle before 2024, but his cap number soars next season, his contract contains no more early guarantees, and his age is starting to become a red flag for the position. A Pre 6/1 trade or release opens up around $3.6M ($14M if Post June 1st), but this move remains highly unlikely nevertheless.
Darren Waller NYG TE 31 $14,458,750 The Giants gave up a 3rd round pick this year to secure Waller, so ideally they'd love to see another season from him, but he simply cannot shake the injury bug annually. New York will look to flip a few weapons this spring, and there's $6.5M of cap space to be opened up here if needed.
C.J. Uzomah NYJ TE 31 $11,221,667 Uzomah's had little to no effect on the Jets' passing game, making his $11.2M+ cap hit for 2024 steep for a blocking TE. New York can probably find a better use for the $5.3M of cap to be opened up here.
Will Dissly SEA TE 27 $10,100,000 Dissly's consistently checked in as the TE3 for Seattle much of 2023. With no early guarantees remaining on the deal, taking the $7M of cap space next March seems prudent.
Ian Thomas CAR TE 27 $6,126,668 Thomas' extension in Carolina is out of early guarantees, and the 27-year-old has reeled in only 25 passes in 21 games within it. The Panthers likely take the $2.35M of cap space here.

 

Offensive Line
Player Team Pos AGE 2024 Cap Details
David Bakhtiari GB OT 32 $40,465,514 Knee surgery shutdown his 2023 campaign very early, and a $40M+ cap hit in the final year of his contract next season likely spells the end of his time in Green Bay. The Packers can free up $21.4M of cap by moving before a $9.5M roster bonus vests in March.
Cam Robinson JAX OT 28 $21,638,889 Robinson missed 4 games due to a PED suspension, then another 4 due to a knee injury, putting his near $22M cap hit on notice. The Jags can open up $16.6M of space by moving on next March.
Joe Noteboom LAR OT 28 $20,000,000 Noteboom signed a 3 year extension in March of 2022 as the heir apparent to Andrew Whitworth. 18 months later he's a depth piece for LA. A Pre 6/1 release can open up $5M of space, while a Post 6/1 designation can free up $15M eventually.
Laken Tomlinson NYJ G 31 $18,880,000 Everyone on the Jets O-Line should have a question mark next to their name for 2024, especially with 40-year-old Aaron Rodgers set to take (back) over. New York can free up $8.14M of cap by moving on from Tomlinson Pre 6/1.
Corey Linsley LAC C 32 $14,100,000 Linsley has been on the non-football-injury list since September with an undisclosed heart condition. A return to full health likely secures his role in 2024, but the Chargers do have $8.9M of cap to free up here if they see a need to move on.
Cody Whitehair CHI G/C 31 $13,250,000 The versatile lineman has fallen back into a depth role for Chicago, who will continue to bolster their O-Line as much as possible this offseason (despite their decision at QB). Moving on here opens up $9.1M of cap space.
Chukwuma Okorafor PIT OT 26 $11,833,334 The former 3rd-round pick is now a swing tackle in PIT, likely making his $11.8M cap hit next season too rich to hold. The Steelers can open up $8.75M of cap by moving on before March 17th.
Austin Corbett CAR G 28 $10,133,000 A knee injury derailed Corbett's 2023, and the Panthers would need to designate him a Post 6/1 release to save cap ($6.25M after June 1st), but it seems likely that Carolina is headed for another "purge" year.
Brian Allen LAR C 28 $8,050,000 Injuries have given backup Coleman Shelton a chance to develop into the center role more and more, and the Rams probably let him take the reins full-time in 2024. Moving on from Allen next March can open up $4.9M of needed cap space.
Connor McGovern BUF G 26 $7,900,000 $1.1M of McGovern's 2024 salary becomes fully guaranteed on February 12th, and the Bills only stand to free up $1.9M of cap space prior to that, so the odds probaby favor McGovern sticking around another season in Buffalo, but he's probably competing for a starting spot all summer.
Mason Cole PIT C 27 $6,271,667 The Steelers don't have a viable replacement for Cole on the roster right now, and there's a $1.5M roster bonus due March 17th to put some pressure on this situation, but it stands to reason a notable change or two will be coming to Pittsburgh's offense this spring.
Ryan Jensen TB C 32 $5,977,000 A knee injury took away Jensen's 2023 (and possibly his career from here out). The contract holds $16.5M of dead cap on it next March, meaning the Bucs will need to designate him a Post 6/1 release (or retirement), then process the move after June 1st, opening up $1.21M of space at that point in time.

 

Defensive Tackles
Player Team Pos AGE 2024 Cap Details
Cameron Heyward PIT DT 34 $22,406,250 A groin injury cut Heyward's 2023 in half, but he's still shown plenty of flashes that he can still get it done on the field. 2024 wil be his age 35 campaign, and there's $16M of cap space to be opened up by moving on here if the Steelers feel the need.
Jonathan Allen WSH DT 28 $21,500,000 Washington paved the way for Allen & Daron Payne to take over the defensive line from here out at this year's trade deadline. But Allen has already been vocal about his displeasure with the organizational decision making of late. A trade next offseason can open up $9.5M of cap space early ($15.5M Post 6/1).
Grady Jarrett ATL DT 30 $20,375,000 Jarrett is still an All-Pro talent for a Falcons' defense that desperately needs him. But a torn ACL for a near 31-year-old is a bad recipe heading toward 2024. It's still highly likely that Atlanta keeps him around, but there's $12.125M of cap to be freed up here if they decide to move on before a $1M roster bonus is paid out March 17th.
D.J. Jones DEN DT 28 $12,988,334 Sean Payton will want to continue to put his own stamp on this roster, so the $10M of cap to be freed up by moving from Jones (who's seen less than 50% of the 2023 snaps) seems useful.
Foley Fatukasi JAX DL 28 $12,808,334 Fatukasi has provided minimal production in 2 seasons, putting his 3rd and final year on notice. A Pre 6/1 release opens up $3.5M of cap space ($8M if designated Post 6/1).
Devon Godchaux NE DT 29 $11,650,000 The light never really clicked up for Godchaux in New England, and his non-guaranteed $8.15M salary for 2024 seems too rich for a team destined for a lot of roster turnover this spring.
Sebastian Joseph-Day LAC DL 28 $10,000,000 It feels like the Chargers are in for a heck of a lot of roster turnover this March. Moving on here opens up $7.5M of cap space.
Bryan Mone SEA DT 28 $6,400,000 Back-to-back injury riddled seasons has Mone's $6.4M cap hit on notice. Seattle can open up $5.9M of space by moving on before a $500,000 roster bonus vests.

 

Edge Defenders
Player Team Pos AGE 2024 Cap Details
Joey Bosa LAC OLB 28 $36,611,666 Crazy right? Maybe not so much. Bosa has missed significant time in 3 of the last 4 seasons, and he's entering Year 5 of a 6 year, $150M contract in 2024. Still, he's a sack a game threat whenever he steps on the field, and a complete start over in LA probably isn't in the cards (just yet), so this remains a long shot (for now). There's $14.3M of cap space to be saved with an early trade/release here however if the new GM wants to make a statement.
Von Miller BUF OLB 34 $23,874,000 The contract says no, but Miller's (lack of) production on the field, and a potential conduct violation off the field make him a must for this list. Without any guarantee void (from a suspension), Buffalo would be taking on a $32.5M dead cap hit, including $10.71M cash to outright release Von next March. For now this is simply a contract to monitor.
John Franklin-Myers NYJ DE 27 $16,364,000 Strong player for a strong defense, but the Jets may need the $7.3M of cap space that can be freed up here to fortify the offensive trenches this spring. A cap conversion probably makes more sense for 2024.
Randy Gregory SF OLB 31 $14,000,000 Gregory was added at the trade deadline to further fortify an already ridicilous 49ers D-Line. San Francisco can free up all $14M of salary next year by moving on.
Tyus Bowser BAL OLB 28 $7,500,000 Bowser missed all of 2023 with a knee injury, putting his 2024 expiring contract year on notice. There's $5.5M of cap space to be opened up here if Baltimore moves on.

 

Linebackers
Player Team Pos AGE 2024 CAP Details
Jerome Baker MIA LB 26 $14,874,111 Baker is a starting in every sense of the word, but a knee injury down the stretch derailed his 2023 campaign. He'll enter a contract year in 2024, set to earn a non-guaranteed $11.1M. Miami may need the $9.9M of cap that can be cleared here (even if it means re-signing Baker after the fact).
Kyzir White ARI LB 27 $6,750,000 A bicep injury limited White's 2023, but Arizona needs to start over defensively speaking pretty much across the board. There's $5M of cap/cash to be freed up here.
Leighton Vander Esch DAL LB 28 $4,750,000 Dallas brought LVE back on a $5M guarantee, including $1M of his 2024 salary. That probably won't preclude them from moving on this March, freeing up $2.5M of cap space.

 

Cornerbacks
Player Team Pos AGE 2024 Cap Details
Carlton Davis TB CB 27 $20,517,334 Davis has missed significant time in each of the past 3 seasons, but has produced well when available. His cap number soars to $20.5M next year, with $6.4M to be freed up by moving on early.
Tre'Davious White BUF CB 29 $16,634,917 2024 was always going to be a maybe year for White with this contract, and now his second major leg injury in 3 seasons probably becomes a nail in the coffin on it. Buffalo can free up $6.2M of cap space by moving on before March 17th ($1.5M roster bonus due)
Donte Jackson CAR CB 28 $15,817,667 Jackson has been ramping up from a 2022 achilles injury most of this season, and was rumored in plenty of trades this past Halloween. He'll enter 2024 on an expiring contract, with $6M of cap to be freed up by moving on before a $4M roster bonus is due (March 15th).
J.C. Jackson NE CB 28 $14,375,000 The Pats acquired Jackson on a whim, but he's offered little to no value for New England down the stretch. They'll walk away from this non-guaranteed $14.3M before a $2M March 15th roster bonus vests.
Mike Hughes ATL CB 27 $3,915,000 Hughes is a depth piece at most for an Atlanta defense that still needs to be improved this offseason. The Falcons likely opt for the $3.1M of cap to be cleared here.
Kaiir Elam BUF CB 22 $3,733,857 Elam's rookie deal holds 2 years, $4.5M fully guaranteed (plus a potential 5th-year option), but he doesn't appear to be a fit in Buffalo. The Bills seem certain to seek out a trade partner this March.
Brandon Facyson LV CB 29 $3,600,000 Facyson missed most of 2023 with a shin injury. There's a chance he sticks around to compete for a bigger role next year, but the Raiders can snag an extra $3.25M of cap by moving on.
Keion Crossen MIA CB 27 $3,245,000 Crossen missed all of 2023 with a shoulder injury, putting his non-guaranteed $3.2M on notice. Miami can free it all up by moving on.

 

Safeties
Player Team Pos AGE 2024 CAP Details
Jamal Adams SEA SS 28 $26,916,666 Injuries & inconsistent play have made this $70M extension a bit of a nightmare for Seattle. They can end the pain next March, but not without cap cost. Adams' deal holds $20.8M of dead cap on it in 2024, freeing up $6M Pre 6/1, $16.5M if designated Post 6/1.
Budda Baker ARI FS 28 $18,525,000 Budda's had a solid 2023, but Arizona needs to go down before they go back up in a lot of areas. Taking on the $14.6M of cap savings by moving on here probably makes sense.
Eddie Jackson CHI FS 30 $18,140,000 Jackson enters a contract year in 2024, set to earn a non-guaranteed $14.1M. The Bears can free up over $12.5M of cap by moving on here.
Kevin Byard PHI SS 30 $14,277,750

Acquired at the deadline by the Eagles, Byard's deal was restructured a bit to make it work for 2023. Philly can still get out of this before a $4M roster bonus vests next March with just $711,000 of dead cap, freeing up $13.5M.

Tracy Walker DET FS 29 $12,821,668 Walker has been in and out of the starting lineup this season, putting his non-guaranteed $8M for 2024 on notice. Detroit almost certainly takes the $5.5M to be saved here.
Marcus Maye NO FS 30 $9,914,000 Maye can still be a ballhawk at times, but his role has been reduced for 2 years in New Orleans. A Pre 6/1 release opens up $1.45M of cap, while a Post 6/1 Designation can free up $7.5M.
Nick Scott CIN SS 28 $4,300,000 Scott fils a depth role for the Bengals currently, and his financials aren't daunting for that spot, but Cincy likely opts for the $2.3M of cap to be saved in March.
Adrian Phillips NE FS 31 $4,187,500 Phillips enters a contract year in 2024, set to earn a non-guaranteed $3M. He's seen (very) limited action for the Pats this season, who can open up $3M of space by moving on.
Damontae Kazee PIT FS 30 $3,875,000 Kazee has been suspended for the remainder of 2023 due to player safety violations. The old Steelers would have extended him for that style of play. The current franchise probably needs to take on the $3M of cap space by moving on.

 

Special Teams
Player Team Pos AGE 2024 CAP Details
Daniel Carlson LV K 29 $4,650,000 Carlson's FG rate has dipped into the low 80%s this season, putting his $3.85M salary on notice. The Raiders can free up $3M of cap space by moving on in March.
Jason Sanders MIA K 29 $4,506,500 Sanders is still an effective kicker, but his FG Rate is hovering around 80% in 2023. The Dolphins have a lot of mouths to feed in the coming months, so picing up $2.4M of cap space here might be necessary.
Tress Way WSH P 33 $3,750,000 Way enters a contract year in 2024, set to earn a non-guaranteed $3.15M. The Commanders can free it all by moving on next offseason.
Johnny Hekker CAR P 34 $2,733,667 Hekker enters a contract year in 2024, set to earn a non-guaranteed $1.75M. There's only $800,000 to be freed up here with an early release, but identifiying a young, long-term punter might be vital to Carolina with their current offensive outlook.
Eddy Pineiro CAR K 28 $2,545,000 The Panthers have a lot of moves to make in the coming months, and replacing a kicker may be pretty far down the list, but Carolina can pick up $2M of cap space by moving on from Pineiro, who carries an 84% FG rate into Janaury.
Michael GinnittiDecember 04, 2023

As we head down the home stretch of the 2023 regular season, one of the more polarizing stories to watch might be the finish of the Green Bay Packers, and more notably, of Jordan Love.

Love began the year with two outstanding performances, throwing for 6 touchdowns, 0 interceptions, and a 118 Passer Rating. He backed that up however with 5 weeks averaging a 66 rating, with 8 picks against 5 TD passes.

But November and early December have been different stories. Despite notable injuries on the offensive side of the ball, Love appears to be settling into the offensive plan, and the speed of the NFL game.

The Packers have now won 4 out of their last 5 games, including a very strong victory against Kansas City this past Sunday night, putting their chances to make the playoffs at or around 70%. This leads us back to his newly restructured contract, which came loaded with $9M worth of salary escalators for 2024, based on a variety of mechanisms. We’ll take a snapshot look at each of these thresholds as we near the finish line.

RELATED:
Jordan Love's 2 year, $15.8M contract breakdown

Jordan Love’s $9M of Incentives 

Pro Bowl Selection: $1M

3 QBs are selected per conference. At this point it seems unlikely that Love will be one of the Top 3 NFC QBs honored (Prescott, Hurts, Goff, Purdy likely ahead of him). But it’s inconceivable.

65% Offensive Regular Season Snaps: $500,000

At the time of this piece, Love has taken over 99% of the Packers’ snaps this season. Barring injury, this escalator should be a lock.

Team Success Escalators

Love will add an extra $1M to his 2024 salary if one of three things occurs

  • 10 Regular Season Wins (65% snaps) OR

  • Playoff Berth (65% snaps) OR

  • Top 10 Passers Rating & Top 10 in TD Passes (65% Snaps)

The Packers are 6-6 headed into Week 14, with 5 games remaining. They currently hold a 70% chance to make the playoffs. Love is currently 16th in Passer Rating, and 6th in TD Passes. It seems highly likely that one of these triggers will vest.

Playoff Escalators

The Packers currently hold a 70% chance to make the playoffs, and Love has currently taken over 99% of Green Bay’s offensive snaps this season. 

  • 65% Regular Season Snaps + Playoff Berth: $500,000

  • 1 Playoff Win (65% Snaps): $500,000

  • Conference Title Win (65% Snaps): $1M

  • Super Bowl Win (65% Snaps): $1M

Statistical Escalators

Love is currently 16th in Passer Rating, 28th in Completion %, 6th in TD Passes, & 12th in Passing Yards. 

  • 65% Snaps & Top 10 Passer Rating: $500,000

  • 65% Snaps & Top 10 Completion %: $500,000

  • Top 10 Touchdown Passes: $500,000

  • Top 10 Passing Yards: $500,000

More Statistical Escalators

Love can earn a maximum of $1.5M from this group (or 3 out of 4). He’s currently 16th in Passer Rating, 28th in Completion %, 6th in TD Passes, & 12th in Passing Yards, on track to max out this escalator.

  • 65% Snaps & Top 16 in Passer Rating: $500,000

  • 65% Snaps & Top 16 in Completion %: $500,000

  • 65% Snaps & Top 16 in Passing Yards: $500,000

  • 65% Snaps & Top 16 in Passing TDs: $500,000

Assessing Love’s 2024 Compensation

As it currently stands, Jordan Love is guaranteed a $5.5M base salary in 2024, with a $500,000 workout bonus also likely to be earned. His base (P5) salary will increase with any incentive that is met from 2023, up to $9M new, or $15.5M in total.

Running through the above list, Love is currently on pace to earn $2.5M based on playing time and production alone. If the Packers make the playoffs, that number immediately jumps up to $4M, and will increase from there based on playoff wins.

The only other metrics to monitor closely appear to be Passing Yards (currently 12th, a Top 10 would secure him $500,000 more), and a Pro Bowl Selection ($1M).

With a 70% chance to make the playoffs, we’ll assume that Love is on pace for at least $4M escalator right now, increasing his 2024 compensation up to $10M.

So here’s the 100 million dollar question? If Jordan Love takes the Packers to the playoffs in his first full season, after restructuring his rookie deal to make life easier for Green Bay in the interim, should he be comfortable playing out this contract through 2024 - or will it immediately become time to sit down and negotiate a long-term, financially appropriate extension?

The Jimmy Garoppolo Conversation

One of the better comparisons to be made here might be Jimmy Garoppolo, who was traded from New England to San Francisco at the 2017 deadline, started 5 games for the Niners to finish off the season, then signed a 5 year, $137.5M extension prior to hitting free agent the following February. Garoppolo's $27.5M per year average was actually the largest in all of football at the time of the extension, and the contract was heavily front-loaded to benefit the Niners, who were in a funky financial window at the time. Looking at it differently, the $27.5M average salary represented 15.5% of the NFL Salary Cap that season. If we project that out to 2024, with a projected $240M league cap, that 15.5% metric would bring forth a $38M average salary.

In other words, if the Packers want to get comfortable with Jordan Love as their QB for a few seasons, Daniel Jones' 4 year, $160M contract with the Giants appears to be the starting point this offseason. Green Bay may very well opt to slow play this another year to further assess their QB1, rebuild a few important positions on the roster, and utilize a franchise tag in 2025 as needed.

Michael GinnittiDecember 04, 2023

Questions surrounding Von Miller’s current & future status with the Buffalo Bills have ramped up since news broke of his alleged off-field legal issues that surfaced during the Bills Week 13 Bye Week.

Assuming nothing, here are a few notable notes surrounding Miller’s contract & where things could be headed in the coming weeks.

Remaining Contract

Miller has $500,000 of 2023 compensation left to be paid out. $75,000 of that is tied to per-game-active bonuses, so if Miller misses games due to injury or if by chance he’s placed on an exempt list, he’ll forfeit $15,000 per week missed.

After 2023, the contract holds 4 years, $80M remaining, though only $10.71M of that is fully guaranteed at this time. If Miller is on the active roster next March, the remaining $6.435M of his 2024 salary will become fully guaranteed.

After 2024, none of Miller’s compensation contains an early vesting guarantee.

Buffalo’s Ability to Get Out of this Contract

If this situation escalates to a point that the Bills decide to move on, there are a few scenarios to explore.

Buffalo doesn’t wait around, releasing Miller immediately (extremely unlikely)
The Bills would need to pay Miller the rest of his 2023 salary, & $10.71M of his 2024 salary - immediately, or $11.1M. Buffalo would take on an $18.6M dead cap hit in 2023, & a $21.8M dead cap hit in 2024. The Bills don’t have the cap space to make this move right now.

The Bills release Miller next March before any NFL Punishment is Handed Down
Without any punishment from the league, things don’t change a whole lot with this contract in the offseason. The thinking here would be that Buffalo is simply trying to get out of this contract before the remaining $6.435M of 2024 salary becomes fully guaranteed. Without a Post June 1st Designation, Buffalo would take on a $32.5M dead cap hit (including $10.71M cash), which would represent an $8.6M cap loss for 2024.

A Post June 1st Designation would mean $17.084M of 2024 dead cap ($10.71M cash), & another $15.4M of 2025 dead cap. This would free up $6.8M of cap space for the Bills next year, but not until June 2nd.

Von Miller is Suspended by the NFL
The NFL usually doesn’t act on a situation like this until the legal process has been carried out. Long story short here though, if the NFL suspends Miller for violating the Personal Conduct policy, any future salary guarantee on his contract will void. For now, that would mean the $10.71M of 2024 salary, but any resolution or judgment with this issue isn’t likely to be passed down by March, so for practical purposes, we’re talking about Miller’s full $17,145,000 2024 salary here.

If Miller is suspended at any point in time before Week 1 of the 2024 season, the Bills will be able to bypass the $17.145M salary, instead taking on $21.79M of dead cap to release him ($6.3M in 2024, $15.4M in 2025 if Post June 1st).

If Miller is suspended but the Bills decide to keep him for the 2024 season, he stands to forfeit $967,500 per Week missed (base salary & per game active roster bonus).

A Cap Conundrum for Buffalo

Here’s an item that probably isn’t getting too much attention just yet - but it’s important for the Bills. Brandon Beane designed Miller’s contract to function as a signing bonus payment for Year 1, a roster bonus payment for Year 2, and a high base salary payment for Year 3. The Bills converted all of his 2023 roster bonus into signing bonus last March to free up over $10.6M of cap space for them to operate with.

The plan (assumedly) for 2024 was very similar. Buffalo would be able to convert nearly $16M of Miller’s base salary into signing bonus, freeing up $12.74M of cap space for the 2024 offseason. However, with a suspension possibly looming here, and a subsequent void of Miller’s salary guarantee attached to it, Brandon Beane will almost certainly NOT convert any of Miller’s compensation into signing bonus this March, meaning they will be forced to carry his $23.8M cap hit until further notice.

Could the Bills pay look to recoup signing bonus if Miller is suspended? This is an easier said than done proposition unfortunately, often dragged out into a long litigation process. The Bills are much better off playing the waiting game here, and leaving themselves an opportunity to forego the 2024 salary payment.

What About the Commissioner’s Exempt List?

Oftentimes when a player is dealing with an off-field incident that leaves him (and his respective team) in limbo, the NFL will step in and place the player on the Commissioner’s Exempt List.

However, placing a player on this list does not impact his ability to earn salary, nor does it reduce his salary cap figure. In essence, the player has been placed on “paid leave”, which opens a roster spot for a team, but offers little to no other benefit. 

Michael GinnittiDecember 03, 2023

Our NFL Offseason Series continues with a look at the pending Wide Receiver market set to unfold next March, highlighted by the likes of Mike Evans (TB), Tee Higgins (CIN) & Michael Pittman Jr. (IND). Dive into our look at 10 receivers eyeing big paydays either from their current repsective teams, or on the open market in the coming months, plus a few notable names trending toward the Roster Bubble in 2024, and couple of situations to be monitored closely in the coming weeks.

RELATED:
2024 Free Agent Wide Receivers
Top 2024 Wide Receiver Cap Hits

Pending Free Agents

Mike Evans (Buccaneers, 30)

Market Value: $23.5M (4 years, $94M)

He just keeps doing it. Evans is on pace for his record-setting 10th straight 1,000 yard season in Tampa, who failed to reach an extension with their WR1 before the start of the 2023 season. He projects to a 4 year, $94M contract in our system as he heads toward free agency for the first time.

Michael Pittman Jr. (Colts, 26)

Market Value: $22.5M (4 years, $90M)

After a slow start to his career, Pittman has really come on strong as he approaches free agency for the first time - despite a world of inconsistency at the QB position in Indy. With Anthony Richardson the short term answer there, and Jonathan Taylor locked up for at least 2 more seasons, keeping Pittman in the fold seems a no-brainer for this franchise. It might take an overpay to do so however (upwards of $25M per year).

Tee Higgins (Bengals, 25)

Market Value: $16.5M (4 years, $66M)

A hamstring injury has dampened Higgins’ stock heading toward free agency, but there’s still a very real world where he’s identified as the best available pass catcher on the open market next March. With Joe Burrow under contract, and Ja'Marr Chase extension eligible this winter, can the Bengals find a way to fit it all in? 

Calvin Ridley (Jaguars, 28)

Market Value: $17M (4 years, $68M)

Ridley hasn’t consistently been able to stand out as a top weapon in Jacksonville, which follows suit to his time in Atlanta (behind future HOF Julio Jones). The good news? He’s finding the end zone, his Yards/Reception (14.1) are back near the top of the league, and he’s in an offense that can afford to keep him - and will continue to target him relentlessly. Ridley’s production aligns well with teammate Christian Kirk, whose $18M per year represented 8.6% of the 2022 salary cap. If we project this math out to 2024, Ridley could be seeking a $21M per year deal.

Marquise Brown (Cardinals, 26)

Market Value: $14.8M (4 years, $59.5M)

Brown hasn’t risen to WR1 levels despite a few opportunities to do so, but he’s been consistently productive as a player living a tier or so below that. There’s plenty of money to be had for living in that world. Will Arizona bring back Brown and pair him with the ultra dangerous Marvin Harrison Jr. next May? Kyler Murray probably votes yes.

Gabriel Davis (Bills, 24)

Market Value: $13.5M (4 years, $54M)

The advanced metrics have never been on his side, and the Bills Mafia has been trying to replace him from their couches for the better part of two seasons now, but Davis has shown plenty of flashes that he can be a capable 2nd or 3rd option in a top passing offense. He’s a $13.5M player in our system in his current role, but is there a world where he’s valued more with a change of scenery? Age is very much on his side for that here.

Noah Brown (Texans, 27)

Market Value: $5.6M (3 years, $16.8M)

The sample size this year is small (5 out of 12 weeks at the time of this piece), but all signs point to a considerable breakout from the former 7th round pick out of Dallas. Houston brought in Brown on a 1 year, $2.6M tender this March, but will likely need to triple that price to keep him around longer.

Tyler Boyd (Bengals, 29)

Market Value: $8.7M (3 years, $26M)

The 2016 2nd rounder is completing his 8th season in Cincinnati, proving to be as valuable as ever filling in for the injured Tee Higgins. With Joe Burrow now under contract, Ja’Mar Chase’s extension looming and Higgins/Boyd both slated for free agency this March - something is going to have to give. He’s an $8M-$9M player in our system, but Adam Thielen’s $14M guarantee should very much be in play here.

Odell Beckham, Jr. (Ravens, 31)

Market Value: $12M (1 year, $12M)

Beckham hasn’t been a huge part of the Baltimore offense from a numbers standpoint, but when asked to do a job - he’s more than responded. The 15.1 yards per catch is Top 20 in the league, but more importantly, the 30-something receiver can still create separation against top defenses. All of this added up is a good recipe for solid pay on the open market, though incentives and per game bonuses are likely to be a big part of any deal he signs from here out.

Curtis Samuel (Commanders, 27)

Market Value: $11.5M (3 years, $34.5M)

Samuel signed a 3 year, $34.5M free agent contract with Washington back in 2021. 2 ½ seasons later that’s exactly what the math says he could be eyeing next march on the open market. Early injuries really hampered his first impression in Washington, but the shifty, versatile receiver has really held up his end of the contract since then. 

Notable Bubble Potentials

Mike Williams (Chargers, 29)

Williams suffered a Torn ACL in Week 3, finishing his 2023 campaign and putting his contract on notice. The Chargers can free up $20M of cap space by moving on before March 15th.

Michael Gallup (Cowboys, 27)

Gallup’s role has been reduced immensely in 2023, the final year of his upfront guarantees. While a $9.5M cash salary/$13.85M cap hit in 2024 isn’t too daunting, the Cowboys are going to need to trim off some fat to hit big deals for Dak Prescott, CeeDee Lamb, and an offensive lineman or two. This is a tradable contract if he’s healthy next March.

Hunter Renfrow (Raiders, 27)

Renfrow’s cash and cap hits stay relatively neutral next year ($11.8M/$13.7M respectively), but he’s only been targeted 22 times in 12 games at the time of this piece. It seems the organization has already begun to write him off.

Allen Robinson (Steelers, 30)

Pittsburgh swapped 7th round picks to take a flier on Robinson this season, but he’s only been targeted 23 times at the time of this piece. It’s tough to imagine the franchise keeping him at a $10M cash, $12M cap hit next season.

Also Worth Mentioning

Davante Adams (Raiders, 30)

If the Raiders have to reset their coaching staff again after 2023, the core players are bound to get restless. Adams has already been linked to Aaron Rodgers and the Jets for 2024, so let’s at least play out that scenario financially. A Pre June 1st trade means $16.76M of cap loss for Las Vegas. In most cases, it would be recommended that they wait until June 1st, split up the $31.5M of dead cap across two years, and take the $23M+ of savings next season. But if the plan is to disengage, the smarter move may be to take as much dead weight on as possible next season, making it a purge year for the organization.

Stefon Diggs (Bills, 30)

There’s no world where Brandon Beane and the Bills want to remove Diggs from their roster anytime soon - but he’s one of the most competitive, outspoken players in the game. If the Bills’ 2023 campaign continues to nosedive, it wouldn’t be an ounce of surprise to learn that Diggs has requested a trade out of Buffalo at some point this offseason. With $31M dead cap against a $27.8M 2024 cap hit, it wouldn’t behoove the Bills to make any such move until after June 1st ($19M of savings at that point), so don’t expect this type of transaction to dominate the March wire - if at all.

Keenan Allen (Chargers, 31)

Allen is still producing at a ridiculous level, but he’ll be entering a contract year in 2024, set to earn $23.1M cash against a league-high $34.7M cap hit. With so many question marks surrounding this Chargers’ franchise heading into the offseason, will an extension for the near 32-year-old be in the cards? If not, trade talks could pick up steam sooner rather than later.

Michael GinnittiNovember 27, 2023

It’s never too early to start thinking about 2024, and what better way to do so than with a dive into Quarterback contracts. This time, we’ll detail just the guaranteed money that currently exists on each player’s deal (noting wherever needed that certain triggers could add more to that figure in the coming months). We’ve broken up this group into 6 categories for you: All Good, Ready to Parlay, Grab Popcorn, The Deshaun Watson Category, Potentially Annoying, & No Current Guarantees.

ALL GOOD

Patrick Mahomes (Chiefs, 28, $204.15M)

Mahomes’ restructured deal is complex, so putting a singular “future guarantee” number out is a bit convoluted, but it’s fair to make the next 4 seasons guaranteed for practical purposes. Expect KC to chop up that $57.3M cap hit for 2024 quite a bit in order to keep a few defensive players and maybe add a weapon or two offensively next March. All good in KC.

Jalen Hurts (Eagles, 25, $155M)

Hurts is near/at the top of the MVP list heading toward the home stretch and he’s manning arguably the best team in all of football. His 2024 cap hit rings in at just $13.5M thanks to 5 prorated bonuses built into the deal. It’s all good in Philly.

Lamar Jackson (Ravens, 26, $105M)

Lamar is manning the best team in the AFC and playing good, smart football in the process. Jackson is fully guaranteed through 2025, with practical structure keeping him in the fold through 2026. He’ll only be 29 years old at that time. All good in Baltimore.

Russell Wilson (Broncos, 34, $76M)

It’s a modern miracle that Wilson gets categorized here after we all (ourselves included) tried to run him out of the league 10 months ago. But the Broncos are the hottest team in football, their coach appears to be worth every penny, and Wilson looks as capable a QB1 as he has in 3 seasons. There’s simply no reason to doubt this situation for 2024 right now, even if the $76M due over 2024/2025 seems gaudy.

Josh Allen (Bills, 27, $65M)

Allen and the Bills have had plenty of up and downs this season, and change in some capacity is forthcoming - but not with the QB1 position. All of Allen’s $30M due next year is guaranteed, & $35M of 2025 compensation will fully lock by March 17th. It’s not all good in Buffalo, but Allen is.

C.J. Stroud (Texans, 22, $12.1M)

No single player has gone from 0 to 100 this year quite like Stroud has, who continues to impress more and more on a weekly basis. He won't become extension eligible until after 2025, and Houston should carry Top 5 cap space heading into March. It’s been awhile, but it’s all good in Houston.

READY TO PARLAY

Tua Tagovailoa (Dolphins, 25, $23.1M)

Tua has answered every bell this season (thus far), and can certainly further his status with a healthy postseason run in the coming weeks. He’s the #3 overall graded QB according to PFF right now, carrying a $50.2M valuation in our system to date. 

Trevor Lawrence (Jaguars, 24, $5.6M)

Jacksonville will exercise Lawrence’s 5th-Year-Option for 2025 this spring, then they’ll work on extending him to most likely one of the Top 3 largest contracts in NFL history. He’s a $50M per year player in our system right now.

GRAB POPCORN

Kyler Murray (Cardinals, 26, $90.8M)

For all intents and purposes, Murray looks great and should easily be sharpied in as Arizona’s 2024 Week 1 starter. However, any team carrying a Top 3 draft pick (currently #2 overall) has to at least be considered for going in a different direction. Until Marvin Harrison Jr. is selected to be Kyler’s new toy, this is at least a situation worth mentioning.

Daniel Jones (Giants, 26, $35.5M)

Jones completed successful surgery on his torn ACL earlier last week, putting his timeline to return at around 8-10 months. During that timespan, the Giants are very likely to select his pending replacement. It’s possible that Jones has played his last snap for the Giants, who may very well pay him $35.5M next season to act as a backup QB, but only time will tell.

Jimmy Garoppolo (Raiders, 32, $11.25M)

Garoppolo was benched in favor of Aidan O'Connell as the calendar turned to November, and - for a few reasons - it appears to be a point of no return. First, while Garoppolo’s $11.25M roster bonus for next March is already 100% fully guaranteed, his $11.25M base salary is guaranteed for injury. In other words, if Garoppolo were to suffer an injury this year that would preclude him from passing a physical next March, that salary would then be considered guaranteed as well. Second, O’Connell continues to improve, and should be given the remainder of 2023 to begin his assessment process. Garopollo’s deal doesn’t appear to be tradable right now, meaning the Raiders will likely release him out of this contract, paying him the $11.25M roster bonus, taking on a $28.3M dead cap hit either all at once, or split across 2024/2025.

Zach Wilson (Jets, 24, $5.4M)

Will Wilson be kept around to backup Aaron Rodgers in 2024? Logic says his benching to make way for Tim Boyle has already answered that question, but it will mean releasing the 24 year old with $5.4M cash to be paid on his way out. This doesn’t seem like a situation that can be resolved any other way right now.

Justin Fields (Bears, 24, $3.2M)

Health has cut a big year for Fields nearly in half, but there still have been signs of improvement (especially as it pertains to the passing efficiency numbers). So why is he here at all? At the time of this piece, the Bears currently possess the #1 & #4 overall picks in the draft AND Chicago must decide on Fields’ 5th-Year-Option by next May. Fields carries a fully guaranteed $3,233,448 salary for 2024, against a $6M cap hit.

Mac Jones (Patriots, 25, $2.7M)

It certainly seems like it’s over, so now it’s simply a matter of how do the Patriots officially close the book? If Bill Belichick is relieved of his duties, it seems likely that the first order of business for the new GM will be to decline Mac’s 5th-Year-Option and attempt to salvage any sort of late round draft pick from a trade. When that doesn’t happen, Jones may be outright released (earning the $2.7M payment on the way out the door), or kept to compete for a completely unknown QB1 role next season.

THE DESHAUN WATSON CATEGORY

Deshaun Watson (Browns, 28, $138M)

Are the Browns nearly as concerned about this as much as the mass media likes to poke at it? Probably not. In honesty a 28 year old QB with $138M guaranteed remaining on his deal is pretty common stuff these days (if we just overlook how they acquired the QB and how much they’ve paid him to be suspended or injured of course). The Browns are legitimate AFC contenders next year, and if Chubb & Watson return to full health for all 18 weeks, they’ll be a problem for nearly everyone. With that said, we still won’t see another version of this contract indefinitely.

POTENTIALLY ANNOYING

Justin Herbert (Chargers, 25, $201.6M)

There’s still plenty to love here about the player, but Herbert doesn’t appear poised to be able to elevate this current group of Chargers’ weapons. Maybe it’s play calling, maybe it’s the age of many of those weapons, or maybe it’s a ceiling that Herbert has hit. It appears as though plenty of change is coming to the franchise this offseason, so we’ll all get a fresh start with Herbert as he stares down five more years of contract guarantees.

Joe Burrow (Bengals, 26, $173.5M)

Before you run away - we’re in no way saying here that Joe Burrow isn’t worth every dime of his contract right now. However, it’s at least noteworthy to mention that his injury history is starting to pile up a bit, especially if we include his college days.

2017: Right Wrist Fracture
2020: Broken Ribs
2020: ACL/MCL Tear
2022: Appendectomy
2023: Calf Strain
2023: Torn Wrist Ligament

This isn’t to say that most QBs (or NFL players) don’t go through their fair share of injuries, but when we’re dealing with someone who still has $173.5M guaranteed going forward, it’s something to monitor. 31 other teams would still take him tomorrow if offered.

Matthew Stafford (Rams, 35, $41M)

All of Stafford’s $31M salary for 2024 is already fully guaranteed. If he’s on the roster March 15th, $10M of 2025 locks in as well. When healthy, Stafford can still produce at an above average level, though he’ll be looking for Les Snead to find him a few more weapons this offseason. Will 2024 be his last hurrah?

Derek Carr (Saints, 32, $40M)

Carr hasn’t been terrible, but the Saints expected him to improve upon the production that got him benched and subsequently run out of Las Vegas in 2022. He hasn’t, and New Orleans now likely needs to consider their options for 2025 and beyond. That process could very well begin this offseason via the draft. Contractually, Carr is fully guaranteed $30M in 2024, and $10M of his 2025 compensation locks in next March. The latter could very well be a parting gift if the Saints decide to cut bait after 2024.

Aaron Rodgers (Jets, 40, $38.1M)

The Rodgers era in NY was paused almost as quickly as it was started. Will it pick back up before season end? Maybe, but if you follow us on socials you already know our thoughts on that. Assuming he’s 100% healthy heading toward 2024, it should be worth the price of admission to see Rodgers bring his heady style of play to this offense. Maybe the Jets can pick up an extra Offensive Lineman or 5 this spring to help his cause. Rodgers carries a $17M cap hit for 2024 so no adjustments should be necessary.

Bryce Young (Panthers, 22, $12.6M)

Carolina traded their 2024 1st round pick to Chicago, who is currently on the clock with it. They’ve already fired HC Frank Reich, and there may be plenty more change to come from the front office before winter even settles in. Owner David Tepper was reportedly very high on making Young the QB of the future. It seems logical that his next hires will follow that mindset as well.

Anthony Richardson (Colts, 21, $11.5M)

He looks deadly as a versatile athlete, but the passing numbers (59% completions, 87.25 rating in 4 games) were always going to be the metrics to watch. He lands here not because he doesn’t appear able to improve, but because the overall concern was could he remain healthy being this scramble-first player. It’s a tough start to only complete a month in Year 1 with that red flag already attached.

Jordan Love (Packers, 25, $5.5M)

Love appears to have turned a corner with this offense, especially as it pertains to hopeful WR1 Christian Watson. This should be more than enough for Green Bay to swallow a sub $10M cash/cap hit (assuming he hits a few escalators to finish out 2023), and see this thing through 2024 at least. Does he appear to be on track to be Green Bay’s next 20 year QB1? No. Will his 2023 performance preclude the Packers from selecting a QB in the upcoming draft? Maybe. But until they make this contract a problem - it isn’t one.

Kenny Pickett (Steelers, 25, $4.6M)

Nothing Pickett has done across two seasons is jumping off of the page (in fact his overall production in 2023 is going to be a step back from 2022), but he’s winning, and he has trust from Mike Tomlin. That’s as good as gold in this league. Still, how good might this team be with a more capable QB1 at the helm?

Will Levis (Titans, 24, $4M)

All of Levis’ 2024 salary, 2025 salary, & $1.26M of his 2026 salary are fully guaranteed right now. He’s been wildly inconsistent since taking over the reins from Ryan Tannehill, but all signs currently point to him stepping in as the 2024 Week 1 starter.

NO CURRENT FUTURE GUARANTEES

Brock Purdy (49ers, 23)
Purdy has 2 years, $2M remaining on his rookie contract (none of it guaranteed) and can’t sign a contract extension until after 2024. Every other team in football is miserable because of it.

Dak Prescott (Cowboys, 30)
None of the remaining 1 year, $34M left on Dak’s contract is currently guaranteed, but a $5M roster bonus is due March 17th. There’s a $59.5M cap hit waiting for Dallas in 2024, so something needs to be done. It likely includes $200M more guaranteed.

Desmond Ridder (Falcons, 24)
None of Ridder’s remaining 2 years, $2.6M is guaranteed going forward.

Geno Smith (Seahawks, 33)
Smith’s 3 year, $75M contract was really a 1 year, $27.5M deal in terms of guarantee. There’s a $9.6M roster bonus due March 17th, and his entire $12.7M base salary for next season becomes fully guaranteed on that date as well. All $22.3M of that compensation is guaranteed for injury right now (which could become important if Seattle falls out of contention here soon). The Seahawks can free up $13.8M of cap space by moving on from Smith next March.

Jared Goff (Lions, 29)
None of the 1 year, $26.6M remaining on Goff’s contract is currently guaranteed, though a $5M roster bonus is due March 14th. Despite a Thanksgiving stumble, Goff has been one of the more reliable & production QBs of 2023, and still should be considered a more long term option for Detroit going forward. It’s not a lock that they extend him this offseason, but from an optics standpoint it probably makes good business sense.

A Minnesota QB
Kirk Cousins is a pending free agent (with $28.5M of voided dead cap to be left behind), Joshua Dobbs is a pending free agent, & Nick Mullens & Jaren Hall have no future contract guarantees.

A Tampa Bay QB
Baker Mayfield is a pending UFA ($2.3M of voided dead cap to be left behind), and Kyle Trask’s contract through 2024 is non-guaranteed.

A Washington QB
Sam Howell’s rookie deal through 2025 contains no full guarantees, and he can’t sign a contract extension until after 2024. He’s on a 2 year, $2M contract in Washington from here out.

 

Michael GinnittiNovember 22, 2023

Which players are NFL teams most thankful for this holiday season? Based on Spotrac’s True Value Statistic, these are the players offering the most value against their 2023 compensation through 11 weeks of the NFL season (minimum 50% games).

 

QUARTERBACKS

Tua Tagovailoa (Dolphins, 98.65), Brock Purdy (49ers, 93.75), C.J. Stroud (Texans, 93.01)

Honestly, it’s a neck & neck & neck conversation here, as all three currently carry a TVs Rating just north of 93 in our system. Tua is staring down a contract extension next spring, Purdy could find himself in the Super Bowl in a few months, and Stroud is the runaway rookie of the year.

Best Value Veteran: Josh Allen (Bills, 88.49)

RUNNING BACKS

Raheem Mostert (Dolphins, 98.65), Kyren Williams (Rams, 96.53), Brian Robinson (Commanders, 89.59)

No running back has a perfect resume this time of year, but Mostert is absolutely flourishing in this Miami system. He’s on pace for career numbers both as a runner and a pass catcher, and may score 20 total TDs when it’s all said and done.

Next Best Value Veteran: Christian McCaffrey (49ers, 86.51)

WIDE RECEIVERS

Amon-Ra St. Brown (Lions, 99.36), CeeDee Lamb (Cowboys, 99.34), Brandon Aiyuk (49ers, 98.69)

St. Brown (99.36) and Lamb (99.34) are in a virtual value tie heading toward Week 12, and both should be up for significant contract extensions in the coming months. The same might be said for Aiyuk, who is playing out Year 4 of his rookie contract, with an already exercised $14.1M 5th-year-option waiting in 2024.

Best Value Veteran: Tyreek Hill (Dolphins, 91.17)

TIGHT ENDS

Sam LaPorta (Lions, 98.24), George Kittle (49ers, 97.95), Jake Ferguson (Cowboys, 96.70)

LaPorta is on pace for 85 catches, 850 yards, and 7 TDs in his debut season, and could be on a fast track to being the league’s best TE sooner rather than later. Kittle is playing out Year 4 of a 6 year contract in San Francisco, and Ferguson has quickly become one of Dak Prescott’s goto targets in Year 2 of his 4th round rookie contract.

Next Best Value Veteran: Travis Kelce (Chiefs, 96.26)

OFFENSIVE TACKLES

Christian Darrisaw (Vikings, 98.71), Penei Sewell (Lions, 95.49)

The Joshua Dobbs story is fun, but the real reason the Vikings are keeping a crumbling ship afloat may be their offensive line play, beginning with Darrisaw. The 24-year-old becomes extension eligible after 2023. Andrew Thomas’ $23.5M per year; $67M guaranteed is very much in play. Sewell is in a similar boat in Detroit, as the former #t7 overall pick can lock in a rookie extension after this season as well. He’s a franchise talent.

Best Value Veteran: Trenton Brown (NE, 92.48)

GUARDS

Quinn Meinerz (Broncos, 98.21), Greg Van Roten (Raiders, 94.82)

Van Roten signed a near minimum contract to join Las Vegas this past May and has held the fort down nicely. The 31-year-old should have no trouble locking in a new deal next March. Meinerz was a 3rd round pick back in 2021 and has improved every year, culminating with 2023. He becomes extension eligible for the first time after 2023.

Next Best Value Veteran: Graham Glasgow (Lions, 94.40)

CENTERS

Drew Dalman (Falcons, 99.56), Creed Humphrey (Chiefs, 97.22)

Neither Dalman or Humphrey are surprising anyone anymore, as both have had outstanding 2 ½ seasons to begin their careers. Humphrey was the #63 pick in the 2021 draft, while Dalman was selected a few rounds later at #114. Both become extension eligible after 2023 and should be considered strong candidates to reset the center market (($14.25M per year, $42M guaranteed).

Best Value Veteran: Connor Williams (Dolphins, 95.32)

DEFENSIVE LINEMEN

Jalen Carter (Eagles, 99.44), Justin Madubuike (Ravens, 98.04)

Carter’s making a strong case to claim Defensive Rookie of the Year in Philly, making plenty of NFL teams regret letting him slip to #9 overall this past May. Madubuike is having a breakout season in a contract year - always a good recipe. He’s an $18.5M player in our system heading toward the offseason.

Best Value Veteran: David Onyemata (Falcons, 93.82)

EDGE DEFENDERS

Micah Parsons (Cowboys, 98.65), A.J. Epenesa (Bills, 99.26)

Parsons continues to do Parsons this in Dallas, and he mathematically projects to a 4 year, $114M extension this offseason. Logic says that numbers needs to be closer to $140M to peak his interest. Epenesa entered 2023 with 9 sacks and 2 forced fumbles in 3 seasons. He enters Week 12 with 6.5 sacks, a forced fumble, and an interception.

Best Value Veteran: Myles Garrett (Browns, 92.34)

LINEBACKERS

Tyrel Dodson (Bills, 97.03), Quincy Williams (Jets, 96,68)

Dodson has had the mammoth task of picking up the slack left by Matt Milano’s injury, and for the most part - he’s held his own. Factor in a minimum $1.01M salary, and Buffalo is getting plenty from the 25-year-old UDFA. Quincy WIlliams might just be the next big star coming out of NY/NJ. Every time the Jets have been thrust into the spotlight this season - Williams has been up to the task. He’s in Year 1 of a 3 year, $18M contract.

Next Best Value Veteran: Foyesade Oluokun (Jaguars, 92.22)

CORNERBACKS

DaRon Bland (Cowboys, 99.83), Ja’Quan McMillian (Broncos, 99.49)

Bland has been the gift that keeps on giving in Dallas, and his 5th round rookie contract makes it all a little bit sweeter. He won’t become extension eligible until after 2024. The Broncos secondary is loaded with high priced talent - but McMillian makes this list on a minimum salary, UDFA contract. His emergence has been just one example of why the Broncos have turned a corner of late.

Best Value Veteran: Tavierre Thomas (Texans, 95.21)

SAFETIES

Jevon Holland (Dolphins, 98.3), Antoine Winfield Jr. (Buccaneers, 98.1)

The Dolphins have players all over this list, including their young ballhawk Holland, who has now put together 2 seasons near the top of the league. He’ll be entering a contract year in 2024. Winfield Jr. is in a contract year, and the Buccaneers will have a mighty decision to make this Spring, as the 25-year-old has a legitimate chance to reset the safety market ($19.1M per year, $42M guaranteed).

Best Value Veteran: Geno Stone (Ravens, 89.99)

Michael GinnittiNovember 21, 2023

Every time the KC offense runs through 7th round pick Isaiah Pacheco, a running back contract extension dies. The devaluation is real (as you’ve now heard a million times), and it’s only looking worse for the upcoming NFL offseason. We’ll dive into the notable running backs slated for free agency next March, including thoughts on how things may shake out for the current top-paid players in the group.

RELATED
2024 Running Back Cap Hits
2024 Free Agent Running Backs

Josh Jacobs (Raiders, 25)

2023 Salary: $11,791,000
2024 Valuation: $10.75M (4 years, $43M)

Why He Might Get Paid
Despite heading toward Year 6 of his NFL career, Jacobs will be one of the younger pending free agents. Age doesn’t preclude mileage, but with a much larger presence in the passing game the past 3 seasons, he’s a solid, versatile, under 26 year old option for somebody next March.

Why He Might Not Get Paid
The Yards per Attempt have completely fallen off of a cliff (4.9 in 2022, 3.3 in 2023), and he’s fumbling at the highest rate of his career to go along with it. Jacobs was an astonishing 99.5% True Value in our system last year against a $2.1M salary. This year, his 10.7% True Value sees him producing at a $1.25M level.

Most Likely Outcome
How the Raiders proceed next offseason is very much tied to how the last third of the 2023 season finishes out. They’ve turned a bit of a corner, and if Aidan O’Connell is a QB1 worth sticking with next season, then a lot of these current pieces may be kept in house. The Josh Jacobs we’ve seen on our screens this season won’t approach a $10M per year contract, but if he’s allowed to hit the open market, don’t count out a team like Kansas City tossing a value contract at him to bolster their offense next season.

Tony Pollard (Cowboys, 26)

2023 Salary: $10,091,000 (8th)
2024 Valuation: $6.6M (3 years, $20M)

Why He Might Get Paid
Like his former colleague Ezekiell Elliott, Pollard’s ability to handle a pass rush is Top 3 in the league among running backs (not an accident by the Cowboys, who value blocking about as much as any team in football across the board). Dallas doesn’t currently have a viable RB1 replacement on this roster, though there are viable options to consider (Dowdle, Vaughn).

Why He Might Not Get Paid
The Cowboys gifted Pollard a $10.1M franchise tag as he rehabbed himself back to full health, and subsequently took over the RB1 reins for the first time. As a $965,000 player in 2022, Pollard held a 98.5% value in our system. As a $10.1M player in 2023, Pollard currently holds a 10.1% True Value, or, he’s producing at a $1.01M value currently - which just so happens to be his minimum available salary.

Most Likely Outcome
The Cowboys have contracts to hand out left and right this Winter/Spring, including a couple of blockbusters for Prescott & Lamb. A $13M second franchise tag for Pollard seems inconceivable right now, but so does any sort of multi-year guaranteed extension if we’re being honest. Pollard hits the open market, seeking a cap adjusted version of Miles Sanders’ free agent deal (3 years, $20.5M). Green Bay, Chicago, & Buffalo are listening

Saquon Barkley (Giants, 26)

2023 Salary: $10,091,000
2024 Valuation: $6.6M (3 years, $20M)

Why He Might Get Paid
He’s 1 year removed from 1,700 yards from scrimmage, 57 catches, and 10 touchdowns, and has been stuck in one of the worst offenses in all of football this season. He bet on himself with incentives to garner a raise - and won’t earn a dollar extra from them. The Giants probably need to give Daniel Jones 1 more go around as QB1 (thanks to his contract). Does that mean Barkley gets a 2nd tag ($13M) to give Jones as talented a safety valve as possible?

Why He Might Not Get Paid
Barkley is a middle of the pack running back statistically speaking in almost every major category right now. There are a heck of a lot of outside reasons why - but it’ll be tough to justify a multi-year guarantee, despite the fact that Jonathan Taylor’s contract is now on the books for close reference

Most Likely Outcome
Like Taylor in Indy, Barkley’s best chance for a multi-year contract may be right where he currently stands. The Giants have a QB contract problem, a coaching staff trying to save their jobs, and little to no offensive weapons on the roster going forward. With that said, the days of us offering up $10M+ contracts for Barkley appear to be gone, and a 3 year, $20.5M deal is his maximum calculated value. Instead of guaranteeing two years of that at around $13M, why not just pull it all into 2024, with a second franchise tag.

Derrick Henry (Titans, 29)

2023 Salary: $10.5M
2024 Valuation $9.5M (2 years $19M)

Why He Might Get Paid
He’s still that guy. The Titans’ offense has been a mess this season, but Henry enters Week 12 as the #2 rated RB according to PFF. He won’t replicate a near 2,000 yards from scrimmage 2022, but 1,500 yards and 10 TDs are still within reach. Tennessee is probably OK handing the keys to youngster Tyjae Spears next year, but that shouldn’t keep them from considering a short term extension for Henry.

Why He Might Not Get Paid
Henry will be 30 years old by the time this next contract takes shape. As you might imagine, there aren’t many examples of 30+ running backs producing well on anything north of a minimum salary these days, especially as it pertains to the more traditional  between the tackles player. The production still says he should be a high-priced running back, but that’s just not how the business of football operates anymore.

Most Likely Outcome
If the Titans were going to be OK seeing Henry play in another uniform, they would have traded him at this past Halloween deadline. They didn’t, so it’s only right to assume they’ll keep him in the fold for the remainder of his career. Henry gets a 2 year, $12M extension to handcuff/split carries with Spears through 2024, with a veritable option for 2025.

Austin Ekeler (Chargers, 28)

2023 Salary: $6.25M
2024 Valuation: $7.5M (3 years, $22M)

Why He Might Get Paid
Versatility. The Yards per Rush attempt are at an all-time low right now, but Ekeler is still a major weapon in the passing game. He should be on multiple team’s radars this spring if the Chargers let him get to the market. Across a full 2022 season, Ekeler was a 90% value against a $5.5M salary.

Why He Might Not Get Paid
Ekeler attempted to hold out prior to the 2023 season for a new contract or more current year money. He settled for a $1.75M incentive package that all but vanished when he missed 4 weeks due to an ankle injury. So, unsuccessful holdout + contract year injury + position that is already massively devalued usually = far less than fair market value for next contract.

Most Likely Outcome
The Chargers don’t have a viable replacement for Ekeler on this roster, but major shakeups may be coming to both sides of the ball (and staffs) this winter. Ekeler signs a 1 year, $7M + incentives contract (the mysterious Dalvin Cook deal).

D'Andre Swift (Eagles, 24)

2023 Salary: $1.7M
2024 Valuation: $5.5M (4 years, $22M)

Why He Might Get Paid
Versatility and a career year with the best team in football. Swift is one of many young weapons in Philly, but he’s still well on pace to post career numbers both in rushing and receiving. The last guy who played this role (Miles Sanders) scored a 4 year, $25.4M contract in free agency. Also, he’ll turn 25 years old in January.

Why He Might Not Get Paid
Fumbles & a bit of year to year inconsistency. It’s hard to place too much value on the up and down experiences he went through in Detroit, but teams can point to just about anything to suppress a running back salary these days.

Most Likely Outcome
Philly has made this position a revolving door annually for quite some time now, so a multi-year extension wouldn’t seem to be the obvious choice - but we’re going to make it anyway. Here’s why. If the Eagles let this player walk into free agent (franchise tag probably not ideal with their cap situation), one of the teams seemingly primed to pounce could be NFC rival San Francisco. Kyle Shanahan has long been looking for a proper handcuff for Christian McCaffrey, whose magic is bound to run out here soon anyway. 3 years, $18M to stay in Philly.

NEED TO BE MENTIONED

Devin Singletary (Texans, 26)

2023 Salary: $2.75M + incentives
2024 Valuation: $4.3M (1 year, $4M)

Dameon Pierce's injury. has thrust Singletary into the spotlight. He's thrived, and should be considering a true RB1 role elsewhere if Houston won't pony up a little extra dough to keep him in the fold.

Zack Moss (Colts, 25)

2023 Salary: $1.1M
2024 Valuation: $4.6M (2 years, $9.2M)

Jonathan Taylor's absence was Moss' gain. He's not an 18-week every down back, but he showed more than enough to stick in this league as a complementary RB2 in a good system.

JK Dobbins (Ravens, 24)

2023 Salary: $1.4M
2024 Valuation: $2M (1 year, $2M)

Talented, versatile, the prototypical 2020s running back, when healthy. The injury bug has been devastating time and time again here.

D'Onta Foreman (Bears, 27)

2023 Salary: $2M
2024 Valuation: $3M (1 year, $3M)

Foreman hasn't found a complementary role that he hasn't been able to be successful in. That will continue for 2024.

Gus Edwards (Ravens, 26)

2023 Salary: $3.3M
2024 Valuation: $3.6M (1 year, $3.6M)

An absolute touchdown machine, especially in the red zone. Baltimore would be foolish to move on here.

A.J. Dillon (Packers, 25)

2023 Salary: $1.3M
2024 Valuation: $3.6M (1 year, $3.6M)

Never really got going in Green Bay and should have a chance to restart his career elsewhere this March.

Antonio Gibson (Commanders, 25)

2023 Salary: $2.7M
2024 Valuation: $3.6M (1 year, $3.6M)

Fumbles kept his touches (and valuation) at bay, but there's a lot of potential value if he signs with a good team at near minimum.

Ezekiel Elliott (Patriots, 28)

2023 Salary: $3M
2024 Valuation: $2.8M (1 year, $2.8M)

Somehow became the focal point of the Patriots' offense in 2023, and should be able to keep his career alive based on blocking prowess alone.

Dalvin Cook (Jets, 28)

2023 Salary: $7M (+incentives)
2024 Valuation: $4.3M (1 year, $4.3M)

It was the offseason of Dalvin, and the inseason of not Dalvin. Cook needs to shave a few million off of the asking price and find an offensive line this spring.

POTENTIAL FREE AGENT ADDITIONS

Alvin Kamara (Saints, 28)

2 years, $36.8M remaining
2024 Valuation: $4.6M (2 years, $9.25M)

Kamara is still a nice piece to the Saints' puzzle, and Derek Carr is fully guaranteed through 2024, but as per usual, New Orleans will need to find cap space in the coming months. A rip it up and start over could very much be in the cards here.

Aaron Jones (Packers, 28)

1 year, $12M remaining
2024 Valuation: $5.2M (1 year, $5.2M)

Jones' midseason injury probably means the last of him in a Packers' uniform. He'll likely need to settle for a show-me contract with a bunch of attainable incentives, but he can certainly still help a good team in the right situation.

Michael GinnittiNovember 13, 2023

We'll begin to look ahead at NFL players eyeing new contracts with a dive into QBs Jared Goff, Kirk Cousins, & Joshua Dobbs.

Jared Goff (Lions, 29)

The former #1 overall pick back in 2016 will be entering a contract year in 2024, set to earn a non-guaranteed $26.6M (including a $5M roster bonus due March 14th). Goff and this Lions system appear to be a match made in heaven, so it seems a lock that the two sides will hammer out a multi-year guarantee extension this spring. But to what tune?

After a lackluster 2021 campaign in Detroit (91.5 rating), Goff has now put together back to back seasons that prove he’s worth the price of admission. At the time of this piece, PFF has him rated #3 among all QBs, while his 99.1 QBR currently ranks 9th. Contractually speaking, Goff’s numbers (and career arch) line up best with Kirk Cousins, who will also be in the market for a new contract in the coming months. What does this mean financially? If the top of the QB market is seeking $50M+, Cousins and Goff are most likely mathematically falling into the $40M per year range.

Jared Goff’s current contract was signed at the start of the 2019 season. His $33.5M average annual salary represented 17.8% of the league salary cap at the time. If Detroit were to sign him to a contract extension right now (not a horrible idea by the way), 17.8% of the current cap calculates to almost exactly $40M per year. Should the cap rise to $245M next March, his assumed price could rise to almost $44M per year. Let’s not overthink this and split the difference. 

PREDICTION:
The Lions extend Goff at 5 new years, $210,000,000 new money, $168M practically guaranteed

Kirk Cousins (Vikings, 35)

Torn achilles & ridiculous Josh Dobbs story aside, Cousins returning to the Vikings on a last minute extension should still be the betting odds favorite by a lot. He’s a top tier regular season QB that hasn’t found the code to get it done in the postseason just yet. There are dozens of great QBs in NFL history that have the same resume attached to them. The Vikings offensive line, and a weapon due of Justin Jefferson/Jordan Addison for the next 3-4 seasons is (arguably) as good a situation as he’ll be able to find around the league this March. So how does Minnesota keep him around?

Remember, a franchise tag won’t be plausible this time, so Minnesota will need to work quickly this January/February to lock something in, or risk having to bid against teams such as Atlanta, Tampa, Green Bay, etc.. who may have immediate interest. Statistically, Cousins’ last 5 seasons have been his best. He appears to have settled into exactly the type of player he needs to be, and for the most part, the Vikings have successfully built an offense to suit him.

Cousins joined Minnesota back in 2018 on a 3 year, $84M fully guaranteed free agent contract. He then signed a 2 year, $66M fully guaranteed extension, and a 1 year, $35M fully guaranteed extension through 2023. If we pull out these average salaries and compare them to the respective league salary cap at the time, we’re talking about 15-16% allocation here. If we assume a $245M league salary cap for 2024, 16% would afford us a $39.2M average salary for Cousins, which also just happens to be his exact valuation in our system, currently speaking.

Is it enough to bring him back? Honestly, before the Achilles injury, that answer would have been a hard and fast no. But a 35-year–old suffering an injury of this magnitude has to come with some reservation. We’ll bump the price slightly to round it off nicely.

PREDICTION:
The Vikings retain Cousins at 3 new years, $120,000,000 new money, $80M fully guaranteed

Josh Dobbs (Vikings, 28)

To say that Dobbs’ 2023 has been wild is an understatement. He’ll never be one of the more physically gifted QBs in the league, but the mental aptitude to be able to accomplish what he’s already done in 10 weeks is second to none right now. Have we seen enough to ensure that Dobbs will be a starting QB in Week 1 of the 2024 season? No.

If anything, Dobbs' ability to manage a passing game, scramble when needed, and pick up an offense on the fly is reminiscent of Ryan Fitzpatrick, who brought his own kind of “relief pitcher” magic to the game for many years. The BIlls attempted to test fate on Fitzpatrick with a 6 year, $59M in-season extension back in 2011, but it backfired on them almost immediately. 

So what does the future hold for a player like Dobbs financially speaking? It’s not reckless to say that a contending team may look at what he’s done this Fall as a bonafide insurance policy for their current star QB, and make him the highest paid backup in all of football. If we’re not counting Ryan Tannehill (who was just recently handed the backup role), that award currently goes to Mitchell Trubisky in Pittsburgh, & Jacoby Brissett in Washington, each of whom have secured $8M this season (49 snaps, 0 snaps respectively). That $8M against a $224.8M league salary cap represents 3.5%. If we assume $245M in 2024, a top-tier backup QB payout (base pay) should come in at around $8.5M, with plenty of incentives built in based on playing time, wins, playoffs, etc…to nearly double that figure when it’s all said and done.

PREDICTION:
The Vikings retain Dobbs at 2 new years, $18,000,000 new money, $9M fully guaranteed.

Michael GinnittiNovember 01, 2023

The 2023 NFL Trade Deadline didn't quite meet the "rumored" expectations, but when has an NFL Trade Deadline ever? With that said, plenty of notable names were on the move this past week. Spotrac details every player that has been traded during the 2023 season, including financial ramifications and future thoughts for each.

Rasul Douglas (CB, 29)

Buffalo Acquires: Douglas & a 2024 5th round pick
Green Bay Acquires: 2024 3rd round pick

Douglas joins a DB needy Bills organization, due in large part to a season-ending Achilles injury to Tre'Davious White. He’ll account for just $838,235 of cap/cash this year, with a $9M veritable “option” in place for 2024. There’s a $2M roster bonus due March 15th, so Buffalo will need to make an early decision on his future. Green Bay clears $6.5M of 2024 cap space per this move.

Donovan Peoples-Jones (WR, 24)

Detroit Acquires: Peoples-Jones
Cleveland Acquires: 2025 6th round pick

DPJ caught 59 passes for nearly 800 yards in 2022, and seemed to be a clear #2 option for Cleveland going forward. Instead, he was written almost entirely out of the offense this season, making the change of scenery to an explosive Detroit unit exciting for all parties. The Browns get out of more than $1.5M from his expiring contract, while the Lions now carry 5 very capable receivers at a combined $11M. Peoples-Jones is a $4M per year WR in our system right now.

Chase Young (DE, 24)

San Francisco Acquires: Young
Washington Acquires: 2024 3rd Round Pick (compensatory)

The Commanders declined Young’s $17.4M 5th-year option last May, putting him on an expiring contract in 2023. San Francisco snags him with $2.95M left the rest of the way, giving up a late 3rd round pick. A franchise tag for Young next March is likely to come in at over $22M, putting him in position to hit the open market. If he signs elsewhere, the Niners should recoup a 3rd round pick in the compensatory program, making this a veritable cash trade. Missed time and a lack of consistent production holds his current valuation at around the $13M per year mark.

Ezra Cleveland (G, 25)

Jacksonville Acquires: Cleveland
Minnesota Acquires: 2024 6th round pick

The Vikings weren’t expected to re-sign Cleveland next March, so grabbing a little draft capital now made some sense. He started 6 games for the VIkings this year (47 in 3 ½ seasons), so this is more than just a “depth” addition for the Jags, who are looking to make a serious push in the AFC. Jacksonville picks up Cleveland at $1.6M for the rest of 2023, who, as a versatile lineman, could be seeking a deal around $10M per year in free agency.

Joshua Dobbs (QB, 28)

Minnesota Acquires: Dobbs, 2024 7th round pick
Arizona Acquires: 2024 6th round pick

Dobbs played the good soldier role in Arizona for 8 weeks, and now is being asked to do so for some of the remaining 10 in Minnesota. The Vikings pick up a competent QB1 at just $833,333 to finish out the season. Can the pending UFA now turn this type of attention into a Taylor Heinicke type deal?

Montez Sweat (DE, 27)

Chicago Acquires: Sweat
Washington Acquires: 2024 2nd round pick

Sweat leaves a crowded Commanders D-Line to join Chicago as a much needed presence on theirs. It remains to be seen if an extension has been discussed as part of this deal, as a 2nd round pick for a rental player is a steep price to pay (even for the Bears). Sweat brings $6.3M of his 5th-year option salary along with him to Chicago, who can tag the 27 year old at around $22M next year to keep him in the fold. He projects to a 4 year, $102M extension in our system right now.

Leonard Williams (DE, 29)

Seattle Acquires: Williams
New York Acquires: 2024 2nd round pick, 2025 5th round pick

Williams was a trade candidate for much of last offseason, so it comes as little surprise that the D-Lineman was shipped out of NY as their season spiraled. He brings an expiring contract, on a prorated minimum salary ($647,222), as the Giants agreed to pay down the remainder of his $18M base salary for 2023. Williams will account for $10.6M on the Giants’ salary cap next season, and he projects to a 3 year, $45M contract in our system.

Kentavius Street (DE, 27)

Atlanta Acquires: Street, 2025 7th round pick
Philadelphia Acquires: 2024 6th round pick

A depth player for the Eagles, Street should have an opportunity to start on the Falcons’ defensive line from here out. The former 4th round pick brings a prorated minimum salary ($600,000) to Atlanta, so it’s low risk for everyone here.

Kevin Byard (S, 30)

Philadelphia Acquires: Byard
Tennessee Acquires: Terrell Edmunds (S), 2024 5th round pick, 2024 6th round pick

The Eagles wasted no time bolstering their Super Bowl contending roster, adding Byard to upgrade their secondary. Tennessee paid down his $11M to $2.4M for the Eagles to deal with, and Philly converted $888k of it into signing bonus to further help their salary cap table this season. None of Byard’s $14.1M in 2024 is guaranteed right now, though a $4M roster bonus is due in March. If he’s a fit for the Eagles, a restructured contract will most certainly be on the books before that bonus hits.

Mecole Hardman (WR/KR, 25)

Kansas City Acquires: Hardman, 2025 7th round pick
New York Acquires: 2025 6th round pick

Hardman returns home, hoping to add a spark to the Chiefs offense and return game for the final 10 weeks of the season. He brings a $1.4M cap hit the rest of the way that includes a $500,000 likely to be earned incentive (that is likely to be credited back in 2024).

Van Jefferson (WR, 27)

Atlanta Acquires: Jefferson, 2025 7th round pick
Los Angeles Acquires: 2025 6th round pick

The Rams couldn’t figure out a way to get Jefferson going in 3+ seasons, so Atlanta takes a later round swap flier on attempting to do just that down the stretch. At $993,174 the rest of the way, this is a small risk move on a player that has the ceiling to become Drake London’s WR2 with the right QB1. He’s a Parris Campbell (1 year, $4M) contract candidate next March for now.

Randy Gregory (LB, 30)

San Francisco Acquires: Gregory, 2024 7th round pick
Denver Acquires: 2024 6th round pick

Gregory forced his way out of Denver after 6 2022 games, & 7 2023 games. The Broncos wind up paying him out $26.3M for those efforts, sending him to San Francisco at just $840,000 for the remainder of the season. The remaining 3 years, $42M of this contract are pay-as-you-go, so the Niners will have the ability to move on next March at no cap cost to them.

Chase Claypool (WR, 25)

Miami Acquires: Claypool, 2025 7th round pick
Chicago Acquires: 2025 6th round pick

To say that acquiring Claypool for the #32 overall pick last year didn’t work out for Chicago is one of the bigger understatements of the year. In fact, getting any kind of return for him this past month seems like a small win for the Bears (who need any they can get right now). Miami acquires the former #49 overall pick at $2.3M remaining in the final year of his rookie contract. He’s a minimum contract player from here out right now.

J.C. Jackson (CB, 27)

New England Acquires: Jackson, 2025 7th round pick
Los Angeles Acquires: 2025 6th round pick

Jackson was the free agent breadwinner 18 months ago, signing a 5 year, $82.5M contract with the Chargers that included $40M guaranteed. LA agreed to pay off the remainder of Jackson’s 2023 salary per this trade, meaning a total of $38.4M shelled out for 7 games of action. The Patriots essentially take on a 1 year, $1.55M contract now, as the remaining 3 years, $42.5M is pay-as-you-go, and New England can walk away next March at no cap charge.

Cam Akers (RB, 24)

Minnesota Acquires: Akers, 2026 7th round pick
Los Angeles Acquires: 2026 6th round pick

The Vikings were hoping Alexander Mattison would run away with the leading role in 2023, but early returns said otherwise. Akers isn’t consistent, but he’s proven he can lead an offense at times when the situation fits. The former 2nd round pick is on an expiring contract, accounting for $1.3M of salary in Minnesota the rest of this season. Furthermore, Akers is scheduled for restricted free agency next March, as he was unable to accrue the necessary 6 games back in 2021 to accrue a full season. He’ll be cost-controlled for Minnesota for a full 18 months if they choose to keep him in the fold.

Michael GinnittiOctober 23, 2023

Taking the Pulse on Massive QB Contracts

The NFL is as much a “quarterback league” as it's ever been, but while players continue to lock into massive contracts every spring and summer, that doesn’t always necessarily translate to immediate (or sustainable) success on the field. Our snapshot look at the 12 largest QB contracts currently on the books, how they fare in terms of future stability, and their respective team’s outlook for 2023.

Patrick Mahomes

The current MVP favorite (+260) agreed to a restructure to his massive contract this September that moved up around $44M of cash into the next few seasons. All $44.5M of his 2024 compensation + $32.35M from 2025 is currently fully guaranteed, and everyone is just fine with that. The Chiefs enter Week 8 as the AFC #1 Seed.

Joe Burrow

Signed a 5 year, $275M extension in September that carries $146.5M fully guaranteed through 2025 out of the gate, with early triggers for 2026 & 2027 that all but lock in $219M. Health tempered the start to his 2023 season, but he looked as good as ever in Week 6. Despite that, Cincy’s playoff chances hover around 30%, as they find themselves “on the bubble” behind Houston & the Jets (if you can believe it).

Justin Herbert

Signed a 5 year, $262.5M extension in July that carries $133.7M fully guaranteed through 2025 out of the gate, with early triggers in 2026, 2027, & 2028 that lock in over $218M. The 2-4 Chargers are sliding down the standings this season, and could be staring down yet another coach/strategy change with Herbert under center. LAC carries a less than 10% chance to make the postseason, currently ranked 14th in the AFC (ahead of only the Patriots and Broncos).

Lamar Jackson

Lamar’s 5 year, $260M contract looks about as good as any out there right now, as the 26 year old has been as advertised through 7 weeks. He’s mostly guaranteed through 2025 right now, with all of $208M through 2026 guaranteeing early over the next few Marches. Baltimore is a Top 5 playoff team heading into Week 8, currently sitting as the #3 seed in the AFC.

Josh Allen

Allen’s 8 year, $284.5M total value contract still seems like a steal for Buffalo, all things considered. He’s fully guaranteed through 2024 & ½ guaranteed through 2025 at $55M right now, with another $10M set to lock in next March. The Bills could potentially consider options on this contract after the 2025 season however. Buffalo’s playoff chances slipped into the 50s with a Week 7 loss in NE, and they hold the 2nd hardest schedule the rest of the way.

Jalen Hurts

It’s good to be in Philly. Hurts’ new deal holds full guarantees through 2026 out of the gate, with nearly $180M practically locked in through 2027. The Eagles now hold the top NFC spot heading toward Week 8, and Hurts is a Top 3 MVP candidate.

Russell Wilson

Just a reminder that Russ could be earning $27M on an expiring contract from Denver this season. Instead, it’s $28M, with $39M more fully guaranteed through 2024, and another $37M set to lock in March 17th. It’s been a much better 2023 than 2022 for Wilson, and he’s hardly Denver’s biggest problem, but money talks loudest. The Broncos sit in the cellar of the AFC currently.

Kyler Murray

Still rehabbing his 2022 knee injury, Murray seems to be in line to return to his starting gig for the foreseeable future. He’s already fully guaranteed through 2024 at $35M, and there are early vesting triggers on every salary and roster bonus through 2027 thereafter. If Murray doesn’t return to form, this contract is going to be a problem for a while. Arizona currently resides at 15th in the NFC, with only 0-6 Carolina in a worse spot.

Deshaun Watson

The real reason we’re having this conversation, as Watson’s injury and overall lackluster play as a whole seems to be nearing surface. This contract remains “in a room over there” when attempting to compare it to anything else, because of the gravity of the deal in combination with how it came to fruition in the first place. But it’s here, it’s real, and it’s spectacular, so it’s important to dissect it whenever necessary. As the season turns to Week 8, this contract holds $138.66M remaining on it - fully guaranteed. Any thoughts of a trade after 2023 must include $62.9M of dead cap for Cleveland, and $138M fully guaranteed transferring to the new team. It’s wild stuff.

Daniel Jones

Jones’ 4 year, $160M contract was always going to be a 2 year, $82M contract until it wasn’t. His $36M salary for 2024 is already fully guaranteed, and everything thereafter is in a pay-as-you-go structure. The Giants are now 13th in the NFC, and trending toward a last place finish in the NFC East.

Matthew Stafford

Fully guaranteed through 2024 at $31M, another $10M from 2025 locks in next March. This situation has calmed down nicely. There’s a pretty real world where the Rams buyout that $10M and move on before 2025, especially with Aaron Donald, Cooper Kupp (and likely Sean McVay) all very questionable to be in the mix at that stage. The Rams find themselves just outside the playoff picture heading toward Week 8, with the 16th toughest schedule the rest of the way.

Dak Prescott

Dak has a $5M roster bonus due March 17th, but that’s somewhat inconsequential to the greater story here. Will Prescott get the 2023 Kirk Cousins treatment (no extension, convert salary/roster bonus into signing bonus to lower the cap hit, but keep him on expiring contract), or will Dallas give Dak the 2018-22 Kirk Cousins treatment (small, guaranteed extension to lower the current cap without taking on too much weight down the road). It’s a pretty big 11 weeks in Dallas, who remain in the playoff picture (#6 in the NFC), but also hold the 8th hardest schedule down the stretch.

Michael GinnittiOctober 18, 2023

The NFL Trade Deadline is less than two weeks away, with the window to move player set to close at 4PM ET, Halloween day. We’ll dive into a few names rumored to be on the trade block this month, including the financial ramifications associated with a move.

QUARTERBACKS

Not much to see here honestly (as per usual with starting QBs at the trade deadline). Minnesota will need to bottom out and be blown away by an offer to honestly consider moving Cousins, and Tennessee would need to pay down most of Tannehill’s remaining $15M to even begin to get sniffs. If you told me a few experienced backups (Jameis Winston, Mason Rudolph) found a new home by November, that wouldn’t be too surprising.

Kirk Cousins (QB, MIN)

Minnesota converted $20M of Cousins’ 2023 compensation into signing bonus prior to the season, leaving just a $10M base salary to operate with. They’ll be $5.5M of it remaining at the deadline should he truly hit the block. He projects to a 3 year, $117M contract in our system currently.

Ryan Tannehill (QB, TEN)

Tannehill’s QB Rating is at a career low 71 entering Week 7, and an ankle injury, plus a $15M deadline salary could be far too much for another team to swallow, even if just as a rental.

RUNNING BACKS

Kind of get the feeling this list is going to grow significantly as we get closer to Halloween, but for now, these players at least have a legitimate reason to be on the trade block. 

Derrick Henry (RB, TEN)

The 29 year old is in a contract year in Tennessee, who have begun to sell off pieces at this deadline. The productive as ever running back carries a $5.8M deadline salary.

Rashaad Penny (RB, PHI)

Penny finds himself 4th on the Philly depth chart heading toward the deadline, but a $670,000 deadline salary could make him attractive to teams in need.

Dalvin Cook (RB, NYJ)

It’s been weird right? Cook was always going to be insurance for Breece Hall, but at this stage it just seems like he’s an extra body in the room. He’ll carry about $3.6M remaining on his 1 year contract at the deadline, including per-game active bonuses.

Ke'Shawn Vaughn (RB, TB)

Fournette leaving was supposed to vault Vaughn into a big role for Tampa, but it’s been much of the same for the former #76 pick. A change of scenery to finish off his rookie contract ($672,770 deadline salary) seems a good fit here.

Rhamondre Stevenson (RB, NE)

Last year’s breakout star is now averaging only 3 yards per rushing attempt, and is on pace to catch 20 less balls than he did in 2022. Is it a back to earth situation? Is he missing the viable 1-2 punch that Damien Harris afforded him? Stevenson holds $522,222 at the deadline, with a non-guaranteed $1,055,000 available in 2024.

Clyde Edwards-Helaire (RB, KC)

CEH’s usage has been much better to start 2023 than it has been in recent years (likely to account for Jerick McKinnon’s disappearing act thus far). Has he proved himself to be a viable weapon for this KC team down the stretch? The final year of his rookie contract holds a $1,103,150 salary at this year’s deadline.

WIDE RECEIVERS

This list is loaded with talented WRs who, for the most part, are either stuck on bad rosters, or buried in a depth chart right now. Feels like at least three of these will be changing cities in the next two weeks.

Courtland Sutton (WR, DEN)

Sutton was rumored to be in trade talks prior to the season, so it only makes sense to include him here now with the Denver situation not much improved. He’s in Year 3 of a 5 year, $62M contract, including an $8,042,476 salary for the remainder of 2023. None of the 2 years, $27.5M remaining thereafter comes with an early guarantee.

Jerry Jeudy (WR, DEN)

Jeudy posted career numbers in 2022, but he’s done little to hold up his end of the #15 overall draft selection. It didn’t stop Denver from exercising his 5th-year-option for 2024, meaning a trade at the deadline would send along $1,489,871 guaranteed for the rest of 2023, & $12,987,000 fully guaranteed in 2024.

Marquise Brown (WR, ARI)

Hollywood is having his healthiest and most productive season in a few years right now, despite a makeshift offense being thrown together in Arizona. There’s a world where he’s a part of their future, and this is an extension conversation instead of a trade one. But if not, paying down some of the $7,451,666 remaining on this deal to acquire a strong draft pick makes a lot of sense for the Cardinals.

Adam Thielen (WR, CAR)

On paper, Thielen penned a 3 year, $25M free agent contract with Carolina this past March, but from a guarantee standpoint it’s essentially a 1 year, $14.5M deal. An acquiring team would take on around $900,000 for this season, with a $4M guarantee built into his 2024 compensation. Doable, but not likely?

K.J. Osborn (WR, MIN)

Justin Jefferson’s injury might make this a less viable move for Minnesota, but Osborn is playing out the final year of his rookie contract, and his $1.5M deadline salary could be attractive to a contender in need.

Hunter Renfrow (WR, LV)

He’s just a year and a half removed from a 103 catch, 9 TD season for the Raiders, but has fallen completely out of favor in terms of targets & subsequent production. There’s about $3.9M left on his 2023 compensation when you factor in per-game-active bonuses, so Las Vegas might benefit from paying that down a bit to secure a larger draft pick in return. None of Renfrow’s $11.8M for 2024 contains an early guarantee.

Kendrick Bourne (WR, NE)

He’s on pace for a career high in targets & receptions, so the Patriots have at least made a bigger attempt to incorporate his services this year. A $3M deadline salary may be too rich for some teams, but it’s possible New England can flip Bourne in the coming days.

Parris Campbell (WR, NYG)

The Giants took a flier on the former 2nd rounder with an incentive-laden showcase deal, but honestly, it’s tough to imagine a team taking on the $1.9M cap hit to acquire the 26-year-old at this deadline.

Terrace Marshall (WR, CAR)

Carolina drafted Marshall #59 overall back in 2021 but have received little to no return on investment since then. A change of scenery makes sense here for Marshall, who carries a $614,367 deadline salary for the rest of 2023, then a non-guaranteed $1,441,294 in 2024.

Devin Duvernay (WR, BAL)

Duvernay still holds plenty of value as the leading return man in Baltimore, but his targets as a receiver have almost completely gone by the wayside. With a $2.4M deadline salary, it seems most likely that he remains with the Ravens to complete his rookie contract.

Donovan Peoples-Jones (WR, CLE)

DPJ took a nice step forward in 2022, posting career highs across the board and making him one of the more notable “breakout” candidates for 2023. It hasn’t worked out that way, leaving an underutilized 24-year-old WR on an expiring contract seeking a bigger role elsewhere. His $1.5M deadline salary shouldn’t be too daunting to move this month.

TIGHT ENDS

Not much to write home about here, and New England moving on from Henry is probably a long shot, but Ertz latching on to a contender to (likely) finish off his career should be considered a must move.

Zach Ertz (TE, ARI)

Ertz is in Year 2 of a 3 year, $31.5M contract in Arizona, but none of his $10M for 2024 is guaranteed right now. Barring any retained salary from the Cardinals, an acquiring team would take on $5.1M to bring in Ertz at the deadline.

Hunter Henry (TE, NE)

If the Patriots truly decide to rip the band-aid off on their expiring contracts, Henry could very much be in demand. A $5.8M deadline salary could be too rich for many, but New England may be willing to help lower that number a bit to get something done.

OFFENSIVE LINEMEN

Bolles is a viable starting tackle, but he’s been publicly calling out the coaching staff in Denver of late. That’s generally a sign that the relationship isn’t going to continue much longer. Cleveland & Onwenu are on expiring contracts and could return mid-to-late draft picks before they hit the open market.

Garett Bolles (OL, DEN)

Bolles is in Year 4 of a 5 year, $70M contract, but none of his $16M set in 2024 is guaranteed right now. An acquiring team would be looking at $8.6M for the rest of 2023, making this one a tough sell for Denver.

Ezra Cleveland (OL, MIN)

Cleveland currently sits as a Top 10 rated Guard according to PFF, so it’s not crazy to think that Minnesota could be considering an extension out of his expiring rookie contract instead of a trade, but it seems like everyone might be on the table for the Vikings this week in some capacity. Cleveland carries a $1.6M deadline salary.

Mike Onwenu (OL, NE)

Onwenu had a strong start to his career in New England, but appears to be sliding in terms of future with the organization. He carries a $1.6M deadline salary in the final year of his rookie contract.

DEFENDERS

Honestly, there’s a lot more smoke than fire here with many of these names, but it stands to reason that a player or two on an expiring contract should be flipped for a draft asset. 

Brian Burns (DE, CAR)

If news breaks that Brian Burns has been traded this month, be prepared for a trade compensation package that comes with shock and awe, because that seems to be the only way Carolina gives up on this relationship midseason. Burns is playing out his $16M 5th-year-option in 2023, with free agency or a franchise tag ahead of him next March. His deadline salary comes in just under $8.9M.

Chase Young (DE, WAS)

After Washington declined Young’s 5th-year-option for 2024, it seemed the writing was on the wall for his future with the Commanders. But he’s played well to start the 2023 campaign, making a deadline trade less likely than originally thought. His $2.95M deadline salary will certainly attract some attention either way.

Carl Lawson (DE, NYJ)

Lawson missed all of 2021, but then posted 7 sacks in 2022 to resurrect his tenure with the Jets. A slow start to 2023, plus an extremely tradable $600,000 deadline salary makes this one of the more likely moves.

Julian Okwara (LB, DET)

The former 3rd rounder finds himself buried in the Lions depth chart right now as he returns from an early season knee injury. Now on an expiring rookie contract, look for Detroit to seek a late round draft pick in exchange for his friendly $712,475 deadline salary.

Danielle Hunter (LB, MIN)

Hunter seems to find his name on every trade list, and maybe rightfully so (8 sacks, 32 tackles, 1 forced fumble, in 350 snaps). But his $6.3M deadline salary (including per game active bonuses) is a bigger number than we’re used to seeing move midseason. Will Minnesota pay it down a bit to make him an easier acquisition?

Preston Smith (LB, GB)

Smith just locked in a 4 year extension in March of 2022, but it feels like the Packers could be reshuffling quite a few roster spots in the coming months - especially if they fall out of contention in 2023. Smith is a get to the quarterback player with a $965,000 deadline salary (and no guarantees on his future $39.9M). Somebody’s calling.

Jerry Hughes (LB, HOU)

Hughes was a big part of a transitioning Houston team in 2022, but his role has reduced now that many young players are starting to flourish in starting positions. There’s plenty reason for the Texans to keep him around for the rest of 2023, but if he seeks a larger role elsewhere, his $1.26M deadline salary isn’t too daunting.

Jaylon Johnson (CB, CHI)

I’m on record stating that the Bears need to be thinking core players, not flashy weapons, so I’m in what appears to be a minority that feels as though the Bears should be looking to lock in their talented CB on an expiring contract. But if the trade compensation is too good to pass up, the acquiring team can have him at $1.6M for the rest of the season.

Adoree' Jackson (CB, NYG)

It feels like the Giants are nearing sell-mode, and Jackson’s expiring contract would certainly qualify as a candidate for that. It’s a $6.6M investment to take on the former #18 overall pick for the rest of 2023.

Kaiir Elam (CB, BUF)

To say that Elam and the Bills haven’t been a match made in heaven since he was selected #23 overall back in 2022 is an understatement. Sure it’s still early, and yes he’s only 22 years old, but the BIlls aren’t in a window to wait around for anybody - and Tre’Davious White’s potential career-ending injury expedited a need to get bigger and better at this position. A move at the deadline comes with $737,394 for the rest of 2023, $1,949,619 in 2024, & $2,571,929 - all fully guaranteed.

Harrison Smith (S, MIN)

Toss 11-year vet Smith into the “if the Vikings fire sell” bucket. The 34-year-old is under contract through 2025, but the next two seasons are “fluffy” in terms of guarantee. For all intents and purposes, this is a 1 year, $4.4M rental.

Xavier McKinney (S, NYG)

A healthy McKinney is an above average safety in this league, and that’s exactly what he’s been in 2023. The former #36 overall pick is on an expiring rookie contract, holding a $974,574 salary at the deadline. NY should be extending him, not shopping him.

Michael GinnittiOctober 08, 2023

Jonathan Taylor and the Indianapolis Colts pulled a complete 180 this week in agreeing to a 3 year, $42M extension through the 2026 season. The deal puts a cap on a summer full of twists and turns that had many believing (myself included), that the only ending for this relationship would be a breakup. But with the Colts showing promise early in the season, and new QB1 Anthony Richardson showing potential to be an instant hit, Indy & Taylor saw a clearer future together.

The following contains a number by number look at the contract breakdown for Jonathan Taylor’s new deal.

Related: VIEW THE COMPLETE CONTRACT

The Total Value

Taylor’s 3 year extension now means a chance at $46.304M over the next 4 seasons (through 2026). How many active running backs have a contract that runs through 2026? 18. Of those, how many aren’t on a rookie contract? 16. Taylor joins only Miles Sanders as veteran running backs with a contract that covers the next 4 seasons.

For reference here, Miles Sanders secured $25.4M over 4 seasons, while youngster Bijan Robinson’s slotted rookie contract carries $21.9M through 2026. 

The Average Annual Value

At $14M per year (a number some wondered if running backs would ever hit or exceed again), Taylor now slots into the 3-hole in terms of active running back AAVs. When adjusting based on practical cash flow, this becomes a 3 year, $33.3M contract - $11.1M per year for practical purposes.

When I was prompted to propose a “fair” deal for Taylor earlier this spring by a few third-party outlets, this exact $33M over 3 year breakdown was determined to be our value landing spot.

The Guarantee Structure

Taylor secures $19,347,555 fully guaranteed at signing, consisting of $785,555 in remaining 2023 salary, $8,314,000 of 2024 compensation, & a $10,248,000 million signing bonus.

If these numbers seem a little wonky, remember that this deal was signed before Week 5 of a season, so there’s a proration occurring with the 2023 salary. Taylor’s base salary dropped from $4.304M down to a minimum $1.01M for the rest of the season. So, he earned $956,444 for his 4 weeks on the PUP list, and will now earn $785,555 for the next 14 weeks. The latter is the only portion we include in the “guarantee” metrics of this contract.

From there, $7,152,445 of his 2025 base salary will become fully guaranteed on March 17th, 2024. That amount is guaranteed for injury at the time of signing. This “early guarantee trigger” makes $26.5M of this contract guaranteed for practical purposes.

Guarantees at Signing (Active Veteran RBs)
1. Christian McCaffrey, $30M
2. Alvin Kamara, $22.8M
3. Jonathan Taylor, $19.3M

Full Guarantees (Active Veteran RBs)
1. Christian McCaffrey, $38.1M
2. Alvin Kamara, $33.8M
3. Jonathan Taylor, $26.5M

If we told you that back to back franchise tags in 2024 & 2025 for a running back likely calculates to just north of $25M, and that Taylor has now secured $26.5M guaranteed, with a chance to earn $33.3M through that time period, we can all probably agree that this is a win for Taylor.

The Cash Flow

We’ve referenced a lot of this already, but to add more detail to it, Taylor will now secure $11.99M in 2023, $7.686M more than he was previously slated to earn.

The cash drops down to $8.314M in 2024, but all of it is fully guaranteed - including the $510,000 of per game active bonus.

Taylor should (will) secure $13M in 2025, with 55% of it becoming fully guaranteed next March. A $1.02M per game active bonus could reduce his compensation by $60,000 per week missed.

Finally, another $13M is available in 2026, though none of it is guaranteed, and the same $1.02M per game active bonus exists to protect the team a bit.

Jonathan Taylor’s Cash Flow
2023: $11.99M (+$7.686M)
2024: $8.314M
2025: $13M
2026: $13M

The Cap Flow

Taylor’s new deal keeps his 2023 cap hit neutral for the current season. The reduction in base salary plus the proration from the new signing bonus all added back up to the exact $5.1M number that previously sat on the Colts’ books.

Taylor’s salary cap hit rises to $10.876M for 2024, which should be around $1.5M less than what a franchise tag would have accounted for next March.

In 2025, the cap figure jumps to $15.5M, which likely won’t even represent 6% of the league salary cap that season. A near $12M base salary can be converted to signing bonus in order to reduce this figure should the Colts see the need to.

Jonathan Taylor’s Cap Flow
2023: $5,117,482
2024: $10,876,000
2025: $15,562,000
2026: $15,562,000

Concluding Thoughts

Without getting down the rabbit hole too much (plenty of time to do that on the podcast), this is a win-win outcome. Anyone assessing the best landing spots for Jonathan Taylor in a potential trade always found themselves back to Indianapolis, realizing just how good of a fit this player is for this offense - RIGHT NOW.

The Colts bent a little to go north of the franchise tag cash flow, protecting themselves against $2.55M of this contract with per game active bonuses. The early vesting trigger on the $7.15M of 2025 base salary is a strong get for Taylor here, as the Colts could have leaned into the devaluation of this position to make that a March 2025 trigger, instead of in March 2024.

Is there a world where the Colts bow out of this contract after 2024, pay him the $7.1M 2025 salary as a parting gift, and take the near $6M of cap savings instead? Of course. But it’s unlikely (for now).

Jonathan Taylor should have no trouble seeing 3 years, $33.304M out of this contract through the 2025 season, when he’ll be a position-friendly 26 years old still. And if he remains healthy & productive, a small restructure to his 2026 salary should keep him in the fold for at least another year thereafter, especially if the Colts have a $70M per year contract extension to negotiate with their QB1 at that point.

Michael GinnittiSeptember 19, 2023

Well it wasn’t a rip it up and start over like some thought it might be, but the Kansas City Chiefs and Patrick Mahomes agreed to a large contract modification this past weekend, pulling a significant amount of future cash into the next 4 seasons. Our extremely number-filled look at how this new contract shakes out.

Year by Year Contract Breakdowns

2023
One prorated week of his original $5.5M base salary pay + 17 weeks of an updated $1.08M base salary now calculates to a $1.325M total base salary for 2023. There’s a $20.574M signing bonus (half paid this year, half paid next year), and previously vested payments of $22.4M (March roster bonus), $550,000 (workout bonus), & $12M (salary to signing bonus conversion from his original base salary). In total it’s $56.85M of base compensation to be earned this year, against a $37.1M cap hit.

2024
The $8.6M base salary is fully guaranteed at signing, $34.9M roster bonus fully guaranteed 9/20/2023, $1M workout bonus fully guarantees 09/20/2023. The latter bonuses guarantee 3 days of the contract execution to stop them being treated as a signing bonus. But for practical purposes, they’re considered guaranteed at signing. In total, it’s $44.5M of base compensation to be earned this year, against a $57.3M cap hit.

2025
The $16.65M base salary injury guaranteed at signing, fully guarantees the 3rd league day of 2025, while a $32.35M roster bonus fully guarantees 9/20/2023 (to be paid out 5/5/2025). His $1M workout bonus fully guarantees the 3rd league day of 2025 (injury guaranteed at signing). In total it’s $50M of base compensation to be earned this year, against a $60.85M cap hit.

2026
The $45.35M base salary injury guaranteed at signing, fully guarantees the 3rd league day of 2026, while a $10.4M injury guaranteed roster bonus (paid May 5, 2026), fully guarantees the 3rd league day of 2025. A $1M workout bonus, injury guaranteed at signing, fully guarantees the 3rd league day of 2026

2027
A $45.8M base salary fully guarantees the 3rd league day of 2027, while a $6.1M roster bonus (paid out May 5th, 2027) fully guarantees the 3rd league day of 2026. His $1M workout bonus fully guarantees the 3rd league day of 2027

2028
A $17.975M base salary fully guarantees the 3rd league day of 2028, while a $8.2M roster bonus (paid out May 5, 2028), fully guarantees the 3rd league day of 2027. His $1M workout bonus fully guarantees the 3rd league day of 2028

2029
A $8M base salary fully guarantees the 3rd league day of 2029 while a $25.975M roster bonus (paid out May 5, 2029), fully guarantees the 3rd league day of 2028. His $1M workout bonus fully guarantees the 3rd league day of 2029

2030
A $30.625M base salary fully guarantees the 3rd league day of 2030, while a $13.9M roster bonus (paid out May 5th, 2030), fully guarantees the 3rd league day of 2029. His $1M workout bonus fully guarantees the 3rd league day of 2030.

2031
A $37.55M base salary fully guarantees the 3rd league day of 2031, while a $9.825M roster bonus (paid out May 5th, 2031), fully guarantees the 3rd league day of 2030. His $1M workout bonus fully guarantees the 3rd league day of 2031

New Bonus Dates

One of the bigger changes in this contract modification is the timing of the annual roster bonus payment. For the last 3 offseasons, Mahomes’ gigantic roster bonuses have been due a few days after the start of the league year in early March, putting pressure on the Chiefs to decide on if they are willing to take on the bonus as a 1 time cap hit, or convert the figure to a signing bonus, thus spread out the cap for 5 seasons.

Now, all roster bonuses are paid out May 5th of that respective year, giving the Chiefs time to get through the bulk of free agency AND the draft before they have to make a decision on how to treat these figures.

This does not affect the guarantee vesting for these bonuses however. The 2024-2025 roster bonuses will become fully guaranteed this week. While each roster bonus thereafter (2026-2031) will become fully guaranteed an entire March early (14 months before payment).

Updated Bonus Escalators

Originally, Mahomes’ contract carried $2.5M of annual bonuses. He earned all $2.5M last year by winning league MVP & another Super Bowl, so prior to this restructure they were considered likely to be earned for 2023. By converting these to next-year-escalators, that $2.5M can be removed from the 2023 salary cap (by way of a later adjustment).

When these are earned, they are immediately applied to the following year’s base salary.

$1.25M for NFL MVP + Conference Championship Appearance
$1.25M for a Super Bowl Win + 50% of Super Bowl snaps or 50% of regular season snaps

The Cash Increase

Without going into too much detail here (again staying within this 4-year window for practical purposes), Mahomes added $43.3M cash to his pocket from 2023-2026, including an additional $13.9M this season. That doesn’t of course include any escalators that may be factored in.

Cash Added
2023: +$13.9M
2024: +$20.45M
2025: +$31M
2026: +$43.3M

Total Cash Allocations
2023: $56.8M
2024: $44.5M
2025: $50M
2026: $56.75M
2027: $52.9M
2028: $27.1M
2029: $34.9M
2030: $45.5M
2031: $48.3M

Cap Adjustments

This monster restructure actually frees up $2.559M of cap space for the Chiefs in 2023, however - unlike most NFL contract modifications, the purpose of this maneuver is not about opening up cap space for the team. This was about front-loading their QB1 more money. End of sentence.

Patrick Mahomes’ New Cap Numbers

2023: $37.1M
2024: $57.3M
2025: $60.8M
2026: $63.2M
2027: $59.4M
2028: $27.1M
2029: $34.9M
2030: $45.5M
2031: $48.3M

Concluding Thoughts

The first thing that comes to mind is, was it really necessary to sign a 10 year, $450M extension in the first place? Not every player is going to garner the cache that Mahomes has - and not every organization is going to be willing to play ball as much as the Chiefs did here (even if it really is just an extra $44Mish over the next 4 seasons when it comes right down to it).

The majority of QB extensions of late still look 1-2 years too long. Only Dak Prescott and Lamar Jackson have really put significant pressure on their organizations from a cash, cap, AND term perspective, while most others have spread things out into the 7-8 year total contract range.

This restructure certainly screams “4 and done”, with a clear and concise out after the 2026 season in terms of cash, cap, and structure. But it isn’t required that the Chiefs do so. The ugly truth is that Kansas City will still hold 5 more years of contract term after 2026. Will Mahomes still be powerful enough to get what he wants at age 31 after the 2026 season? Almost certainly yes.

But if that’s to be believed (and for all intents it should), then why keep the last 5 years on the books at all? Patrick Mahomes is arguably the most powerful player in the history of the NFL, as proven by his original extension, and his ability to ask and receive a monumental restructure just a few years after signing it. Why not take the new cash AND make 2027 a potential free agency offseason. Not only does it serve the player well, but it also puts the onus on the Chiefs to continue to build a contender, with risk that their QB1 might opt-out and leave town in a few seasons.

With that said, this contract modification was a win for both sides, especially as it pertains to the Chiefs - who didn’t need to do this - but also made this a smooth and drama-free process from A-Z. Easier said than done in the current landscape.

Michael GinnittiSeptember 11, 2023

Joe Burrow (hilariously) interrupted the NFL Kickoff Opener Thursday night with news of his brand new 5 year, $275,000,000 extension with the Bengals. Burrow scores a $40M pay raise this year, with a whopping $146.5M fully guaranteed at signing ($111M of new guarantee).

COMPLETE CONTRACT BREAKDOWN

The Total Value

With two years remaining on his rookie contract (4th year + an exercised 5th year option), Burrow’s contract now combines for a 7 year, $310M deal through the 2029 seasons (age 33).

Comparing to recent extensions:
Patrick Mahomes, 12 years, $480M
Justin Herbert, 7 years, $296M
Josh Allen, 8 years, $284M
Kyler Murray, 7 years, $265M
Lamar Jackson, 5 years, $260M
Jalen Hurts, 6 years, $259M

The Average Annual Value

Burrow didn’t just surpass Justin Herbert’s $52.5M per year - he blew by it. His $55M per year represents 24.4% of the current NFL Salary Cap ($224.8M), the highest percentage of cap in NFL history.

Three years ago, Patrick Mahomes’ $45M per year was the top number. Mahomes now ranks 8th on that list, with 4 players north of $50M per year (and that includes Aaron Rodgers taking himself OUT of that group).

The Guarantee Structure

It’s another wow here. Lamar Jackson’s $135M was the previous high guarantee at signing figure (Deshaun Watson excluded). But Burrow’s $146.51M soars to the top with this new deal, including 3 years of fully guaranteed compensation through 2025.

That said, it wouldn’t be fair to ignore that Burrow already had $35M fully guaranteed allocated on his rookie contract, so accounting for that lowers this new guarantee at signing figure to $111.4M - still $11.4M more than Justin Herbert secured ($100M), and plenty more than Jackson’s adjusted number when accounting for the offered franchise tag ($102.6M).

On the 5th league day of 2025, another $35.25M becomes fully guaranteed (his 2026 compensation). All of that is guaranteed for injury at the time of signing.

On the 5th league day of 2026, another $18.3M becomes fully guaranteed (a portion of his 2027 compensation). The remaining $18.95M fully guarantees in March of 2027.

That brings us to a practical guarantee total of $219.01M, through the 2027 season, 2nd only to Deshaun Watson’s $230M.

The Cash Flow

Burrow scores a $40M pay raise this year, north of $45.5M for the 2023 season, but he’ll secure a whopping $65.7M in 2024, bringing his 2-year total over $111M. Only Lamar Jackson’s $112.5M pays out more in that regard. A $35.25M payday for 2025 brings the 3-year total over $146.5M, again second only to Jackson’s outstanding $156M payout.

Why so much more for Lamar? A) He was technically a free agent versus an under contract extension. B) Joe Burrow’s extension comes with an inexpensive 4th rookie contract year ($5M) and a 5th year option value ($29M) under it. Cincinnati could have slow-played this cash flow like a baseball extension - but they didn’t. Burrow secures the best cash flow in rookie contract extension history.

Annual Cash Allocations
2023: $45.5M
2024: $65.7M
2025: $35.25M
2026: $35.25M
2027: $37.25M
2028: $40.5M
2029: $50.5M

The Cap Flow

The Bengals utilized a SIX BONUS structure with this extension: A $40M signing bonus, a $55M 2nd year option bonus, 3 consecutive $10M option bonus, and a final $5M option bonus in the 2028 season.

For the most part, this keeps the upfront cap hits relatively tenable, with a slight need for salary conversion coming in 2025/2026, and an excessive figure in the final season.

Annual Cap Allocations
2023: $19.5M
2024: $29.7M
2025: $46.25M
2026: $48.25M
2027: $52.25M
2028: $53.5M
2029: $68.5M
2030: $9M (dead)

Concluding Thoughts

Many, ourselves included, wondered if Joe Burrow would take the Peyton Manning approach (max out) or the Tom Brady approach with this rookie extension. Quite obviously he chose the former here.

The Bengals haven’t put together a contract like this in the history of their franchise, historically not fully guaranteeing any future salary - often not even for injury purposes. They haven’t been “cheap” in terms of overall payouts, but they’ve been frugal when it comes to the stability of their contracts.

There’s not a soul who can claim that about this Joe Burrow extension. It’s rock solid through 2027, with a bit of an out prior to the 2028 season, and a definitive one before 2029. Cincinnati will be sticking more than $100M into escrow with this deal (fully guaranteed cash not paid out in 2023), proving they’re on board for whatever it takes to keep this elite QB1 in town for as long as possible.

This is just step one in their core payment process however, as Ja’Marr Chase becomes extension eligible in just a few short months, and should have a bright shiny Justin Jefferson contract to mirror by then.

Michael GinnittiSeptember 11, 2023

Nick Bosa’s holdout from the San Francisco 49ers this offseason proved worthy, as the 25-year-old eventually locked down the highest non-Quarterback contract in NFL history by all accords.

The Total Value

Bosa secures 5 new years, $170M new money per the extension, equating to a total of $188.9M for the next 6 seasons. The $170M deal is the 10th largest new money value in NFL history (9 QBs ahead of him, 7 QBs behind him).

The Average Annual Value

The extension carries a new money average of $34M per year, the 19th highest AAV in NFL history, and the most for a non-QB by $2.4M (Aaron Donald, $31.6M).

The 6-year total value contract carries a full AAV of $31.4M, while the guaranteed portion of this deal (through 2026), comes in at $30.625M per year - all outstanding, top of the market, numbers.

The Guarantee Structure

Bosa’s deal comes with $88M fully guaranteed at signing, by way of a $50M signing bonus, guaranteed minimum salaries in each of the next 3 seasons, a $15.23M option bonus in 2024, & $18.965M of a 2025 option bonus. The $88M figure represents the highest upfront guarantee for a non-QB in NFL history, surpassing T.J. Watt’s $80M from his 2021 extension in Pittsburgh.

If Bosa is on the roster April 1st, 2024, another $10.5M becomes fully guaranteed (the remaining portion of the 2025 option bonus + the 2025 per game active bonuses).

If Bosa is on the roster April 1st, 2025, another $23,444,421 becomes fully guaranteed (his 2026 salary + $764,421 of 2027 salary).

This gets us to $122,500,000 of upfront or early vesting guarantee - 13th most in NFL history, and #1 all-time among non-Quarterbacks.

The Cash Flow

Thanks to a $50M signing bonus, $51.01M of this $188M contract is paid out in Year 1, 5th most among active contracts, and $8M more than his brother Joey’s first year payout, the previous leader among non-QBs.

Through two seasons, Nick Bosa will secure $67.8M, with $98.5M available through 2025. Only Aaron Donald’s $95M comes close to Bosa here, and every dollar of it will be fully guaranteed by next April.

Annual Cash Allocations
2023: $51.01M
2024: $16.8M
2025: $30.6M
2026: $23.1M
2027: $33.1M
2028: $34M

The Cap Flow

The triple bonus structure (signing bonus + 2nd year option bonus + 3rd year option bonus) is the simplest way to keep salary cap figures low in the early portion of a contract. So it shouldn’t come as a surprise that the combined cap for Nick Bosa over the next three seasons (2023-2025) is $46.1M, an average of $15.3M per year.

From there things begin to escalate, with cap figures of $42M, $52M & $42M to close the deal out. A void year in 2029 currently carries $5.8M of dead cap to account for the 3rd option bonus proration.

San Francisco will leave this contract untouched until 2026, when a slight conversion of the $22.68M base salary to reduce cap could come into play.

Annual Cap Allocations
2023: $11M
2024: $14.6M
2025: $20.5M
2026: $42M
2027: $52M
2028: $42M
2029: $5.8M (dead)

Concluding Thoughts

It’s bigger, bolder, & and more secure than many expected - but that’s what age (25), recency bias (34 sacks across 2021-2022), winning (23 regular season wins 2021-2022), a cheap QB (Purdy accounts for $2.9M over the next 3 seasons), & leverage can do when they all come together at once.

My only initial push back: Why not front load this more? The Niners have been known for pulling a lot of cash into the early seasons, offering loads of value in Years 3-4-5 for their blockbuster contract. The structure of this deal is about as traditional as it comes for a major extension, and the 49ers currently hold the most cap space in the NFL (north of $30M at the time of this piece). Could they have converted some of the signing bonus into a 2023 roster bonus instead?

With that said, this is the new standard for how a non-quarterback superstar contract should operate, and the next man up for this treatment: Justin Jefferson. The Vikings tried to lock down their WR1 all summer, but failed to do so at the final hour. It’s safe to say the details of Nick Bosa’s contract probably had something to do with that…

Michael GinnittiSeptember 07, 2023

The 2023 regular season is here, so naturally, it's the perfect time to start thinking about next offseason. Our quick look at notable, pending free agents from each position grouping. VIEW ALL 2024 FREE AGENTS

Quarterbacks

3 (technically 4 if we’re throwing Joshua Dobbs into the mix) 2023 starting QBs are slated to hit the open market next March. Vikings fans thinking they can slow-play another deal for Cousins with a franchise tag next March may want to think otherwise, as it’ll cost $52.2M to do so (3rd career tag). Tennessee could hand the keys to Malik Willis or Will Levis next season, but a short-term reunion with Tannehill isn’t out of the question.

Kirk Cousins (MIN, 35)
Baker Mayfield (TB, 28)
Ryan Tannehill (TEN, 35)

VIEW ALL

Running Backs

Another loaded list of players (click view all to see the 2 dozen or so legitimate options) are set to hit the open market. Will someone take a chance on near-30 Derrick Henry? Are Pollard/Jacobs/Barkley destined for another tag? Will Jonathan Taylor snag a top-of-the-market offer?

JK Dobbins (BAL, 25)
Tony Pollard (DAL, 26)
Jonathan Taylor (IND, 25)
Austin Ekeler (LAC, 28)
Cam Akers (LAR, 24)
Josh Jacobs (LV, 25)
Saquon Barkley (NYG, 26)
Dalvin Cook (NYJ, 28)
D'Andre Swift (PHI, 24)
Derrick Henry (TEN, 29)

VIEW ALL

Wide Receivers

The 2022 burst of WR contracts leaves this list a little thin heading toward March, but Mike Evans, Tee Higgins, & Calvin Ridley should all be in the mix for $20M+ per year deals, while a few other names here can play themselves into that conversation through 2023.

Michael Pittman Jr. (IND, 26)
Marquise Brown (ARI, 26)
Gabriel Davis (BUF, 24)
Darnell Mooney (CHI, 26)
Tee Higgins (CIN, 24)
Calvin Ridley (JAX, 29)
Mike Evans (TB, 30)

VIEW ALL

Tight Ends

With the exception of T.J. Hockenson’s deal in Minnesota, the Tight End market has plateaued for lack of a better term. Many, if not all, of the names shown here will be relegated to 1-year offers next March.

Dalton Schultz (HOU, 27)
Mike Gesicki (NE, 28)
Hunter Henry (NE, 29)
Noah Fant (SEA, 26)
Tyler Higbee (LAR, 30)

VIEW ALL

Tackles

3 above average starting left tackles could become available next March, which should mean major pay days. The top right tackles in the league are now securing north of $60M guaranteed.

Jonah Williams (CIN, 26)
Tyron Smith (DAL, 33)
Josh Jones (HOU, 26)
Donovan Smith (KC, 30)
Trenton Brown (NE, 30)

VIEW ALL

Guards

Guard might be the deepest available position next March, as there were a dozen legitimate options to make note of here. Will any of these names splash a blockbuster deal? Probably not. But there will be plenty of offers for stable, starting-caliber interior linemen on an annual basis.

Kevin Zeitler (BAL, 33)
Robert Hunt (MIA, 27)
Ezra Cleveland (MIN, 25)
Mike Onwenu (NE, 26)
Damien Lewis (SEA, 26)

VIEW ALL

Centers

Kelce probably steps away after 2023, but a return to Philly seems the only other option. Connor Williams and the Dolphins have tried to figure out an extension this summer, but it doesn’t appear that will happen before the start of the regular season. There’s a world where someone makes him the highest paid center in the league next March.

Connor Williams (MIA, 26)
Connor McGovern (NYJ, 30)
Jason Kelce (PHI, 36)

VIEW ALL

Defensive Linemen

Wilkins and the Dolphins had preliminary discussions, but the offers remained too far apart to nail anything down. A half dozen top of the line extensions this offseason has taken the DT market into the mid-20s, and easily approaching the $30M mark for the upcoming year.

Michael Pierce (BAL, 31)
Andrew Billings (CHI, 28)
D.J. Reader (CIN, 29)
Christian Wilkins (MIA, 28)
Teair Tart (TEN, 26)

VIEW ALL

Edge Defenders

Just when we thought teams were starting to suppress the EDGE market, San Francisco locks in Nick Bosa to the biggest, baddest non-QB contract in the history of football. That certainly won’t be the case for everyone here, but players like Burns & Gary will certainly see a bump in light of this recent deal.

Brian Burns (CAR, 25)
Za'Darius Smith (CLE, 31)
Rashan Gary (GB, 26)
Josh Allen (JAX, 26)
Danielle Hunter (MIN, 29)
Josh Uche (NE, 25)
Leonard Williams (NYG, 29)
Chase Young (WAS, 24)
Montez Sweat (WAS, 27)

VIEW ALL

Off-Ball Linebackers

A fully healthy Jordyn Brooks probably sees a big-time extension offer from Seattle before March 13th, but Devin White & Patrick Queen are likely to hit the open market. They’ll be seeking a Tremaine Edmunds type deal ($50M guaranteed) from this past offseason.

Patrick Queen (BAL, 24)
Anthony Walker Jr. (CLE, 28)
Jordyn Brooks (SEA, 26)
Bobby Wagner (SEA, 33)
Lavonte David (TB, 33)
Devin White (TB, 25)

VIEW ALL

Cornerbacks

Not the most star-studded list we’ve seen in recent free agent history, but Jackson & Sneed could secure nice numbers if allowed to walk.

Stephon Gilmore (DAL, 33)
L'Jarius Sneed (KC, 26)
Adoree' Jackson (NYG, 28)
Sean Bunting (TEN, 26)
Kendall Fuller (WAS, 28)

VIEW ALL

Safeties

There’s some real talent here, and if the Buccaneers/Patriots decide to go backwards instead of forwards with their respective rosters, it could mean big free agent pay days coming elsewhere.

Micah Hyde (BUF, 32)
Kyle Dugger (NE, 27)
Ryan Neal (TB, 28)
Antoine Winfield Jr. (TB, 25)
Kamren Curl (WAS, 24)

VIEW ALL

Kickers

The Giants have been feeding a lot of mouths this offseason, but Gano could be next on the list if he stays as productive as he’s been for them of late.

Ka'imi Fairbairn (HOU, 29)
Graham Gano (NYG, 36)
Chase McLaughlin (TB, 27)

VIEW ALL

Punters

Townsed secure a $2.6M tender to remain in KC this season, but could push Michael Dickson's $3.6M per year number with a multi-year extension or free agent contract.

Corey Bojorquez (CLE, 27)
Tommy Townsend (KC, 27)
Thomas Morstead (NYJ, 37)

VIEW ALL

Michael GinnittiSeptember 06, 2023

Quarterbacks

Free Agency

3 Free Agent signings are projected to be Week 1 starters for their new teams: Derek Carr in New Orleans, Jimmy Garoppolo in Las Vegas, & Baker Mayfield in Tampa.

Carr secured the most guaranteed at signing (by far), with a $60M lock through 2024, while Garoppolo’s deal carried $33.75M guaranteed - as long as he was able to pass a training camp physical.

When excluding these two large deals, the average free agent QB contract from 2023 came in at $3.8M - middle of the road backup money. For the most part, teams aren’t letting anyone at this position get to the open market anymore.

All 2023 QB Free Agent Signings

Extensions

9 QBs locked in contract extensions this offseason, including 3 (Jalen Hurts, Lamar Jackson, Justin Herbert) that reset the market at their time of signing. Based on structure, these three quarterbacks should see a combined $583M in the next few seasons, with Herbert ($218M practically guaranteed) leading the way.

Daniel Jones & Geno Smith represent the next tier of QB extension money, locking into deals that begin as 2/$82M, & 1/$27.5M respectively for practical purposes.

All 2023 QB Extensions

Rankings

11 quarterbacks now carry a contract that averages at least $40M per year, while 3 have now eclipsed the $50M mark. The 50 veteran QBs currently under contract carry an average salary of $16.7M this season. The 32 supposed starting QBs (so Kyler Murray instead of Joshua Dobbs), combine for an average salary of $25.3M, the highest it’s ever been.

From a guarantee standpoint, Deshaun Watson’s $230M still stands on its own, but Herbert’s $218M of practical guarantee, and Lamar Jackson’s $135M fully guaranteed at signing how now set new barometers for the next wave of deals.

It used to be pretty standard practice for teams to allocate about 18% of the league salary cap to a veteran QB contract. There are now 7 contracts that account for more than 20% of the current salary cap threshold, with Justin Herbert’s $52.5M representing 23.35% in 2023.

Lamar Jackson’s $72.5M signing bonus from Baltimore obliterated the previous league high (Dak Prescott, $66M). Most teams have opted to utilize a 2, 3, or even 4 bonus structure to keep a flatter cash flow, but when the player holds as much leverage as Lamar Jackson had this spring, these upfront pay days will continue to exist going forward.

Looking Ahead

Kyler Murray’s status and subsequent contract options in Arizona will continue to be a must-watch scenario this season.

Patrick Mahomes already working to get out of his 12 year contract and into something fresh should be a warning shot to all QBs/agents. The money in this league is moving too quickly, and the power of the QB is running in unison with it. Keep it quick and dirty until further notice.

3 starting QBs (Kirk Cousins, Baker Mayfield, Ryan Tannehill) enter 2023 in contract years. It’s very possible that all three hit the open market next March 13th.

A NUMBER of current starting QBs will at least be in the discussion for a new contract in the coming months. They include: Joe Burrow, Dak Prescott, Jared Goff, Patrick Mahomes, Tua Tagovailoa, Justin Fields

 

Running Backs

Free Agency

Miles Sanders & David Montgomery were the big names entering free agency, and they were rewarded with guarantees of $13M, $11M respectively. The highest average salary handed out to a free agent running back was processed just a few weeks ago, with Dalvin Cook signing a 1 year, $7M base value deal in NY.

In total, 38 running backs signed free agent contracts this offseason for a combined total of $61.9M fully guaranteed at signing, $1.6M per player.

All Free Agent Running Back Signings

Extensions

2 of the 5 running backs extensions this summer involved teams “sweetening the pot” from a franchise tag. The Raiders added $1.7M to Josh Jacobs’ tag number (by way of per game active bonuses), while the Giants gave Saquon Barkley the opportunity to earn an extra $990,000 by way of incentives for 2023. Not exactly a glaring campaign for the next generation of hopefully running backs.

All 2023 Running Back Extensions

Rankings

Christian McCaffrey has been the highest average paid running back in football since April of 2020, and there doesn’t appear to be a candidate to supplant him on the horizon. There’s a very real world where at least 3 of the Top 5 running back contracts in the league are dissipated after 2023 (Alvin Kamara, Derrick Henry, Aaron Jones), bringing the position closer and closer to falling completely under the $10M per year mark.

The largest contract guarantee for a running back in 2023 went to Bijan Robinson, whose rookie contract in Atlanta fully guarantees him $21.9M through 2026. Robinson now holds the 4th largest guarantee of any active RB in the league, with draft-mate Jahmyr Gibbs ($17.8M) coming in at 6th.

When assuming two starting running backs per team in 2023 for practical purposes, the average salary of these 64 players chimes in at $3.39M, with a median coming in at just north of $1.6M. The minimum salary for a 7+ year veteran in the league is $1.165M this season.

Current Running Back Rankings

Looking Ahead

Jonathan Taylor’s status in Indy remains must-see-social-media. There’s a world where he joins a new team by Halloween, and is subsequently offered a near top of the market extension to be the workhorse for 2-3 seasons. Remember when that was a normal scenario for star running backs?

Clyde Edwards-Helaire is fully guaranteed $2M this season, but doesn’t appear to have a role with the Chiefs. His ice he stands on entering 2023 couldn’t be thinner, despite the financial security.

Queue up another laundry list of potentially available running backs for next March:
Josh Jacobs, Saquon Barkley, & Tony Pollard are all probably headed toward a second franchise tag in February, until they’re not. Jonathan Taylor, Derrick Henry, Austin Ekeler, JK Dobbins, Rashaad Penny, D'Andre Swift, Dalvin Cook, Ezekiel Elliott, & A.J. Dillon could all hit the open market next spring.

 

Wide Receivers

Free Agency

It was a much quieter offseason in 2023 than this position saw a year ago, but 7 players locked in a guarantee at signing of at least $10M regardless, led by Allen Lazard’s $22M fully guaranteed from the Jets.

With that said, only 3 players (Allen Lazard, JuJu Smith-Schuster, & Adam Thielen) signed free agent contracts that contain 2 years of guarantee security. Everything else is a veritable or actual 1 & Done situation.

All Wide Receiver Free Agent Signings

Extensions

If you had DeVante Parker & Kalif Raymond as your top WR extensions this offseason, we should probably discuss a job opportunity here at Spotrac. Most of the big-name receivers were paid in 2022, leaving the cupboards fairly bare this time around. However, 9th inning walk off deal for Justin Jefferson in Minnesota would certainly change the dynamics of this list.

All 2023 Wide Receiver Extensions

Rankings

Tyreek Hill’s $30M mark still stands atop the list, but it’s a $24M per year contract for practical purposes (back loaded with a silly $45M salary to prop up the metrics). 13 WRs now earn at least $20M per year on average, while 22 are now at the $15M+ mark.

Cooper Kupp’s $75M guaranteed for practical purposes is still the high mark in that regard, but Justin Jefferson should annihilate that shortly, with Hill’s $52.5M fully guaranteed at signing is the number to beat from that side of the spectrum.

When assuming four starting wide receivers per team in 2023 for practical purposes, the average salary of these 128 players chimes in at $6.3M, with a median point coming in at exactly $3M. These numbers nearly double that of the 64 starting running backs in the game right now. The Top 64 WRs in the game carry an average salary north of $11M.

Looking Ahead

Justin Jefferson & CeeDee Lamb should represent the next big contracts at the position, continuing to push things forward quickly in a pass-first game.

A few notable names enter the season on expiring contracts: Tee Higgins (CIN), Mike Evans (TB), Marquise Brown (ARI), Calvin Ridley (JAX), while a few others will be looking to bolster their value in 2023 as they seek another NFL contract: Gabriel Davis, Darnell Mooney, Van Jefferson, Donovan Peoples-Jones.

 

Tight Ends

Free Agency

Despite a fairly nice list of available players, only 1 tight free agent end eclipsed $10M+ guaranteed this offseason (Hayden Hurst, $13M, Carolina), and only 2 (Hurst & Foster Moreau), signed deals that should last two seasons.

More proof that the Tight End financial market is quickly falling into Running Back territory.

All Tight End Free Agent Signings

Extensions

T.J. Hockenson offered a late splash to this metric with a $66M extension to remain in Minnesota this August. The deal includes $40.2M practically guaranteed, #1 among all active tight ends. This was a much needed contract for the position, after “fair-market” deals for Cole Kmet ($32M guaranteed) & Evan Engram ($24M guaranteed) hit the books early in the summer.

Juwan Johnson’s 2 year, $12M deal in New Orleans might just turn out to be the best value of all by year-end, as the 26-year-old is projected to have a major role in Derek Carr’s passing game this fall.

All 2023 Tight End Extensions

Rankings

Darren Waller’s $17M per year extension remains the highest average salary at the position, but T.J. Hockenson’s $16.5M deal not only approaches it, it provides $2.5M more per year in upfront cash flow. Hockenson’s deal also contains a year-early vest for his 3rd season salary, a rarity for Tight Ends and a very good place for the next group of players to work from in their own negotiations.

The game’s elite Tight Ends are accounting for around 7% of the league salary cap based on recent contracts. This represents about half of where the top Wide Receivers in the game fall in, and about ? of the going rate for a QB.

When assuming two starting Tight Ends per team in 2023 for practical purposes, the average salary of these 64 players chimes in at $5.2M, with a median point coming in at $2.7M. 

Looking Ahead

With the exception of Kyle Pitts (who needs a massive 2023 to get back on track), the prospect of another big Tight End contract coming around the corner is thin right now.

It’s possible that the Chiefs redo something with Travis Kelce in the next few months a bit of back & forward pay gesture, but it’s not a guarantee for the near 34-year-old.

George Kittle’s contract guarantees fall off after 2023, putting his remaining 2 year, $29M in a bit of question.

 

Offensive Lines

Free Agency

O-Line is still where the free agent money is at. 11 contracts of $20M or more (total value) were signed this offseason, with 4 offering guarantees north of $28M.

Jawaan Taylor (4 years, $80M, $60M guaranteed) was the big winner not only financially, but also in joining the Chiefs this spring, while Mike McGlinchey left San Francisco for Denver to the tune of $87.5M ($50M guaranteed).

Top Guarantees by Position
Left Tackle: Orlando Brown Jr. ($31.1M)
Right Tackle: Jawaan Taylor ($60M)
Guard: Ben Powers ($28.5M)
Center: Jason Kelce ($14.25M)

All Free Agent Offensive Lineman Signings

Extensions

We told you Andrew Thomas was going to break the bank this summer, and the Giants didn’t let us down. The 23-year-old signed a $117.5M extension in NY, including $67M fully guaranteed at signing.

All-2023-Extension-O-Line
Left Tackle: Andrew Thomas (NYG, $67M guaranteed)
Guard: Chris Lindstrom (ATL, $48.2M guaranteed)
Guard: Shaq Mason (HOU, $22M guaranteed)
Center: Jason Kelce (PHI, $14.25M guaranteed)

All 2023 Offensive Line Extensions

Rankings

Laremy Tunsil’s latest deal in Houston ($25M per year) now makes him the highest average paid OL in NFL history. The 29-year-old Left Tackle is fully guaranteed for the next 2 ½ years, with $72M+ now practical through 2025. 8 offensive lineman now earn $20M+ per year, while a whopping 31 now sit on contracts of $15M per year or more.

Andrew Thomas didn’t just bag the most guaranteed in NFL history ($67M), he got all of it fully guaranteed at signing, making him the number to beat in all regards.

As OL contracts continue to soar, so will the initial signing bonuses associated with them. Orlando Brown Jr. reset that market this offseason with a $31.1M bonus check to join the Bengals.

When assuming five starting Offensive Linemen per team in 2023 for practical purposes, the average salary of these 160 players chimes in at $7.2M, with a median point coming in at $4.5M. The Top 64 Offensive Linemen carry an average salary of $14.1M into the season.

Looking Ahead

Multiple starting left tackles are slated for free agency after 2023, including Tyron Smith (DAL), Duane Brown (NYJ), Donovan Smith (KC), & Trenton Brown (NE).

But for now, it appears that this could be the “winter of Guards”, as more than 50 players could hit the open market next March. Chris Lindstrom resent the Guard market this past spring, staying in Atlanta on a $20.5M per year deal.

With tackles now north of $25M, look for market resets both at Guard & Center to become big talking points in the coming year, as interior offensive linemen continue to become primary positions in today’s game.

Michael GinnittiSeptember 05, 2023

A look at a contract extension candidate (or two) from almost every NFL team heading into the 2023 regular season, including projected valuations for each.
Related: Recent Market Valuations

Arizona Cardinals

WR Marquise Brown

1 year, $13.413M remaining (2024 UFA)
The 26-year-old has had up and down seasons with both Baltimore & Arizona to begin his career, but he’s remained a heavily targeted option no matter the situation. Christian Kirk (JAX, $18M) remains his best comparable, putting him in line for a 3 year, $54M extension currently.

Also: Budda Baker (S, 27, 1 year, $14.3M)

 

Atlanta Falcons

CB A.J. Terrell

2 years, $14.9M remaining (2025 UFA)

The #16 overall selection back in 2020 has long been the lone standout in Atlanta’s secondary, but should see a much easier path to success in 2023 with the likes of Jessie Bates now behind him. He’s not extension-eligible for the first time, with a $20M per year extension very much in sight.

Also: Kyle Pitts (TE, 22, Extension-Eligible after 2023)

 

Baltimore Ravens

RB JK Dobbins

1 year, $1.4M remaining (2024 UFA)

The former 2nd rounder has only seen action in 23 games to start his career, but there have been plenty of flashes that he can be every bit the versatile weapon he was drafted to be. If a projected $11.5M franchise tag in 2024 is too rich for Baltimore to live with, look for a multi-year extension offer that provides cap/cash relief over the next few seasons. It’s hard to imagine that contract approaching $5M per year right now however.

Also: Patrick Queen (LB, 24, 1 year, $2.2M)

 

Buffalo Bills

WR Gabriel Davis

1 year, $2.7M remaining (2024 UFA)

The 24-year-old battled injury and inconsistent play in 2022, dropping his potential extension stock quite a bit this past offseason. With that said, he also posted career highs in receptions, yards, & touchdowns in 2022, so it’s plausible to assume that a more consistent campaign for 2023 will put him right back in contract discussion. Allen Lazard’s 4 year, $44M deal in NY aligns best with Davis’ current resume.

Also: Dion Dawkins (LT, 29, 2 years, $20M)

 

Carolina Panthers

EDGE Brian Burns

1 year, $16M remaining (2024 UFA)

Burns and the Panthers have been in negotiations for quite some time, but it’s been publicly stated that the sides remain far apart heading toward Week 1. The 25-year-old posted career highs across the board in 2022, including 12.5 sacks in 16 games. Maxx Crosby’s 4 year, $94M deal with the Raiders currently stands as the best comparable here.

Also: Derrick Brown (DT, 25, 2 years, $15.4M)

 

Chicago Bears

WR Darnell Mooney

1 year, $2.9M (2024 UFA)

The 25-year-old is only 1 season removed from an 81 catch, 1,055 yard season in Chicago, so the idea of keeping him around for a few more seasons is certainly within reach. A cap-adjusted version of Jakobi Meyers’ 3 year, $33M deal in Las Vegas is a reasonable starting point if Mooney can remain healthy in 2023.

Also: Justin Fields (QB, 24, Extension-Eligible after 2023)

 

Cincinnati Bengals

QB Joe Burrow

2 years, $35M remaining (2025 UFA)

The next blockbuster QB is likely just days away, though we’ve been saying that for months now. The current top of the market sits at: $52.5M per year (Herbert), $135M guaranteed at signing (Jackson), $218M practically guaranteed (Herbert), $133M 3-Year cash flow (Herbert). Burrow is of course in the conversation to surpass all of these metrics.

Also: Tee Higgins (WR, 24, 1 year, $3M)

 

Cleveland Browns

WR Amari Cooper

2 years, $40M remaining (2025 UFA)

The early guarantee portion of Cooper’s $100M contract have long since expired, and while a healthy $40M still remains, it’s plausible to assume that any sort of repeat performance to 2022 (76 catches, 1,109 yards, 9 TD) will warrant a rip-it-up-and-start-over conversation. Stefon Diggs’ $22.5M per year makes sense for now.

 

Dallas Cowboys

QB Dak Prescott

2 years, $65M remaining (2025 UFA)

The Cowboys have converted salary to signing bonus each of the first 3 seasons of Dak’s contract, increasing his 2024 cap figure to $59.5M. They’ll lower that number with a contract extension this time around, with Russell Wilson’s $48.5M per year mark his current best comparable.

Also: Micah Parsons (LB, 24, Extension-Eligible after 2023)

 

Denver Broncos

LB Josey Jewell

1 year, $5M remaining (2024 UFA)

He’s only played 15 games in the past two seasons, and the organization drafted a potential replacement in Drew Sanders in this April’s 3rd round, but a strong turn around in 2023 can certainly put an extension back on the table. Eric Kendrick’s 2 year, $13.25M in LA might be a ceiling to shoot for here.

Also: Patrick Surtain II (CB, 23, Extension-Eligible after 2023)

 

Detroit Lions

QB Jared Goff

2 years, $52.5M remaining (2025 UFA)

Goff nearly hit career highs across the board last season for the Lions, posting a resume that resembled his first few years with the Rams. If he does it again, Detroit might not have a choice but to extend him out to his third professional contract, with $40M per year very much in play.

Also: Amon-Ra St. Brown (WR, 24, Extension-Eligible after 2023)

 

Green Bay Packers

LB Rashan Gary

1 year, $10.8M remaining (2024 UFA)

Yes, the 26-year-old is recovering from a torn ACL, and yes, he’ll begin the season on a “pitch-count”, but Gary’s improved every season since 2019, and was on pace to obliterate his career highs before the injury last season. Once he’s back to full health, Gary’s future in Green Bay will become a focal point for the organization, with a franchise tag a likely next step. He’s on pace for a cap-adjusted version of Bradley Chubb’s $110M extension in Miami.

Also: Jon Runyan (G, 26, 1 year, $2.7M)

 

Houston Texans

K Ka'imi Fairbairn

1 year, $3.65M remaining (2024 UFA)

The Texans are (once again) operating with a lot of rookie contracts, and 1-year veteran deals this season, but Fairbairn is set to finish out his 4 year extension in 2023. The 29-year old made over 93% of his field goals, and 100% of his point-after-tries in 2022, giving Houston ample reason to keep him around longer. Justin Tucker’s $6M per year is still the number to beat.

 

Indianapolis Colts

RB Jonathan Taylor

1 year, $4.304M remaining (2024 UFA)

If this were 2018, Taylor would be a shoe-in for a next-man-up extension, but it’s not - nor should we be evaluating current running backs against the likes of McCaffrey, or Kamara’s current contracts - as they’re being extinguished by every team in football. Based on the past 4 years of running back financial data, Taylor is now a $10.7M player in our system, not much away from the projected $11.5M franchise tag for running backs next season.

Also: Michael Pittman Jr. (WR, 26, 1 year, $2.9M)

 

Jacksonville Jaguars

LB Josh Allen

1 year, $10.8M remaining (2024 UFA)

Despite back to back solid seasons, very little has been said publicly about the Jaguars potentially extending their 2019 #7 overall pick. Allen seems content to play out his $10.8M option season, with a franchise tag or free agency looming thereafter. He projects to a 4 year, $88M contract in our system right now.

Also: Trevor Lawrence (QB, 24, Extension-Eligible after 2023)

 

Kansas City Chiefs

DT Chris Jones

1 year, $20M remaining (2024 UFA)

Jones isn’t backing down from his year-long request for a fresh contract, and it’ll soon cost him game checks ($1,083,333 per week missed). The 29-year-old should be the next $30M defenseman, with $75M-$90M of practical guarantees included in his next deal. This is certainly a situation that all 32 teams are monitoring closely.

Also: L'Jarius Sneed (CB, 26, 1 year, $2.7M)

 

Las Vegas Raiders

None

 

Los Angeles Chargers

CB Michael Davis

1 year, $7.4M remaining (2024 UFA)

If it ain’t broke. Davis has quietly become one of the more reliable defensive players in the AFC. He stands to finish out a 3 year, $25M contract this upcoming season, and projects to that exact same deal again going forward.

Also: Austin Ekeler (RB, 28, 1 year, $6.25M)

 

Los Angeles Rams

WR Van Jefferson

1 year, $1.3M remaining (2024 UFA)

After a very promising 2021, Jefferson’s production declined in 2022 (along with every Rams player). But a late summer injury to Cooper Kupp should hand Jefferson legitimate WR1 target shares. With a rookie contract set to expire after 2023, the timing could be very much in his favor. For now, Jefferson is a $7M player in our system (3 years, $21M).

 

Miami Dolphins

C Connor Williams

1 year, $7M remaining (2024 UFA)

Williams moved from guard to center prior to the 2022 season, and he’s set to be the Week 1 starter there again in 2023, the final year of his current contract. He projects to a $13.5M per year contract in our system.

Also: Robert Hunt (G, 27, 1 year, $2.9M)

 

Minnesota Vikings

WR Justin Jefferson

2 years, $22M remaining (2025 UFA)

Jefferson and the Vikings have been working all summer to come to terms on a rookie extension, but with Week 1 around the corner, it appears unlikely that will happen this offseason. There are no loopholes here. He’s put together one of the best starts to a career in NFL history, making $30M per year not only a floor, but an insult at this point.

Also: Kirk Cousins (QB, 35, 1 year, $30M)

 

New England Patriots

LB Josh Uche

1 year, $1.3M remaining (2024 UFA)

The 2020 2nd rounder had a miserable first two seasons in New England, but broke out with a bang in 2022 (11.5 sacks, 2 forced fumbles in 14 games). Staying healthy might be the biggest concern here, though the Patriots almost certainly want to make sure he can recreate last year’s success one more season before offering anything substantial. Arden Key’s recent 3 year, $21M deal in Tennessee is a strong comparable right now.

Also: Kyle Dugger (S, 27, 1 year, $2.7M)

 

New Orleans Saints

None.

 

New York Giants

DE Leonard Williams

1 year, $18M remaining (2024 UFA)

Williams has been filling up the stat board in NY for the better part of the last three seasons, but was back-burnered for an extension with other mouths to feed (Jones, Waller, Thomas, Lawrence). Now approaching 30 years old, Chandler Jones’ 3 year, $51M contract appears the best comp going forward.

Also: Graham Gano (K, 36, 1 year, $3.75M)

 

New York Jets

LB Bryce Huff

1 year, $4.3M remaining (2024 UFA)

Despite being buried in the depth chart (especially for the upcoming season), Huff has managed to make the most of his limited opportunities. He’s as much a trade candidate as he is an extension one entering the season, but he’ll be one of the more coveted players on the open market if he’s allowed to get there next March.

 

Philadelphia Eagles

DE Josh Sweat

2 years, $26M remaining (2025 UFA)

Sweat has compiled 93 tackles, 18.5 sacks, 2 forced fumbles and a pick in the past two seasons, and is fully entrenched in a starting DE role for this loaded Eagles roster. While he’s under contract through 2024, an $18.7M cap figure next season likely warrants some attention. Will Philly be able to keep him long term at or around his current $21.5M valuation?

Also: DeVonta Smith (WR, 24, Extension-Eligible after 2023)

 

Pittsburgh Steelers

CB Levi Wallace

1 year, $4M remaining

Wallace has been as advertised both as a member of the Bills for 4 seasons, and in his first year with Pittsburgh. His role could increase in 2023, making his expiring contract more of a priority for this Steelers organization (especially if they put together a few more wins than anticipated). Cam Sutton’s 3 year, $33M could become a nice comp for Wallace as a starting outside CB.

 

San Francisco 49ers

DE Nick Bosa

1 year, $17.8M remaining (2024 UFA)

Bosa’s resume isn’t free of red flags, but 34 sacks, 103 tackles, and 6 forced fumbles in any 2-year span should trump almost all “buts” in the negotiation room. Most believe the pending extension won’t just surpass the top average salary in non-QB history ($31.6M) - it’ll obliterate it.

Also: Brandon Aiyuk (WR, 25, 2 years, $16.4M)

 

Seattle Seahawks

G Damien Lewis

1 year, $2.9M remaining (2024 UFA)

The projected Week 1 starting left guard in Seattle is entering a contract year in 2023, set to earn nearly $3M thanks to a proven performance escalator. If he holds down the starting gig, a 3 year, $21M contract could keep things together going forward.

 

Tampa Bay Buccaneers

LT Tristan Wirfs

2 years, $21M remaining (2025 UFA)

Wirfs will slide over from right to left tackle in 2023, as the Buccaneers find themselves stuck in between a rebuild and a high-priced roster season. The numbers have been tremendous, and if he continues to produce on the left side of the line, he should have zero struggle eclipsing $25M per year sooner rather than later.

Also: Mike Evans (WR, 30, 1 year, $14.5M)

 

Tennessee Titans

QB Ryan Tannehill

1 year, $27M remaining (2024 UFA)

The Titans had chances to tear this thing down and sell off parts for draft picks this March - but they didn’t. They did however draft a QB with a fairly high pick for the second season in a row, but early reports don’t yet scream “future of the franchise”. If the Titans remain in contention for the division this season, it will be hard to see them allowing Tannehill to walk away into free agency with no viable replacement ready to step in. A 2 year, $70M extension is probably the going rate for this type of holdover maneuver.

 

Washington Commanders

DE Montez Sweat

1 year, $11.5M remaining (2024 UFA)

When healthy, Sweat has consistently been a 9 sack, 45 tackle player for the Commanders, placing him on a $16M+ valuation this offseason. Washington has already fed plenty of mouths on the defensive side of the ball, and are still holding out hope that Chase Young gives them reason to consider another one next March. It seems more and more likely that Sweat becomes a very good name to hit the open market.

Also: Chase Young (DE, 24, 1 year, $10.9M)

Michael GinnittiAugust 22, 2023

As we approach final cuts and Week 1 roster announcements for the 2023 season, we'll take a look at how each offensive weapon position lines up in terms of average starting. We've identified the "expected" starters for each team's QB1, RB1, RB2, WR1, WR2, TE1, & TE2 this season, pulling out average salary data for each to assess the positions as a whole.

Related: 2023 NFL Financial Depth Charts

QUARTERBACKS

Average QB1 AAV: $25,379,910
32 Combined QB1 AAVs: $812,157,112

The 32 projected starting QBs for 2023 carry an average salary just north of $25M. They range from Justin Herbert’s $52.5M, down to Brock Purdy’s $934k. 18 QBs (56% of the league) now hold a contract averaging at least $20M per year, with Joe Burrow ready to make it 19. The $812M+ of combined contract averages is more than all 32 #1 running backs plus all 32 #1 wide receivers, plus all 32 #1 tight ends combined - with $5M still to spare.

RUNNING BACKS

Average RB1 AAV: $5,237,958
32 Combined RB1 AAVs: $167,614,659
Average RB2 AAV: $1,980,169
Average RB1+RB2 AAV: $7,218,127

The projected starting RB1s for 2023 carry average salaries that range from Khalil Herbert’s $902k, up to Christian McCaffrey’s $16M. 19 RB1s (60%) carry an average salary less than $5M right now, while only 8 (25%) carry one north of $10M. The average salary for an RB2 has dipped under $2M this year, with teams spreading out their allocations more than ever. On average, teams are spending around $7.2M for their top two running backs.

WIDE RECEIVERS

Average WR1 AAV: $12,656,879
32 Combined WR1 AAVs: $405,020,130
Average WR2 AAV: $6,748,827
Average WR1+WR2 AAV: $19,405,706

Things have really taken off for this position, especially following a wild 2022 offseason spending spree. The average WR1 ($12.6M) will take in more than double what the average RB1 ($5.2M) will this season, while even the WR2 middle point ($6.7M) stands healthily above the RB mark. 16 WR1s (50%) carry an average salary of $10M or more, while only 1 (Isaiah Hodgins, NYG, $870k) lives under the $1M mark. The average cost for a team’s top 4 receivers chimes in around $25.5M, with the Raiders ($56.6M) heavily leading the league, while Indy ($5.9M) easily brings up the rear.

TIGHT ENDS

Average TE1 AAV: $7,318,656
32 Combined TE1 AAVs: $234,196,988
Average TE2 AAV: $2,981,396
Average TE1+TE2 AAV: $10,300,052

11 TE1s carry an average salary north of $10M this year, led by Darren Waller’s restructured deal in NY. 7 projected starting tight ends are operating on a contract averaging less than $2M, as a quiet devaluation of the position continues to roll in. The average cost for two tight ends on a team ($10.3M) is millions less than the average cost for a WR1 ($12.6M) right now.

Michael GinnittiAugust 07, 2023

As preseason games begin, it's a great time to evaluate the current & future contracts of all 32 (projected) starting Quarterbacks for the upcoming season. For the third straight year, we've developed a set of custom tiers to organize the players into, ranging from our Locked & Loaded setup, down to our "Might Not Make Week 8" predictions. All of these groupings are based on two things: What the Contract Says, and What Common Sense Says.

Locked & Loaded

Players who are under contract with guarantees that live more than two years out right now, and have no “extension” in sight.

Josh Allen (Bills)

Allen enters Year 3 of an 8 year deal in Buffalo, set to earn $28M for the 2023 campaign. All of his $30M 2024 compensation is already fully guaranteed, as is $25M from his 2025 cash package. There’s a clear out for the BIlls after the 2025 season, despite 3 years, $120M left on the contract at that point.

Russell Wilson (Broncos)

Wilson’s $28M for 2023 is fully guaranteed. His $39M for 2024 is fully guaranteed. And by next March, his $37M for 2025 will be fully guaranteed. That $104M represents the practical remaining contract for Russ, who is looking to build on a career low season in 2022.

Deshaun Watson (Browns)

2022 was always going to be a throw-away year for Watson, as he missed 11 games due to suspension, and tried to ramp up quickly with his new team thereafter. Now, it’s about the 4 years, $184M fully guaranteed remaining, and cap hits of $64M in each of 2024-2026. A lot of teams will be watching how Cleveland handles this situation in the coming years.

Justin Herbert (Chargers)

Despite little team success in his first 3 NFL seasons, Herbert has checked all of the boxes that teams look for when trying to identify a “franchise” QB. LA rewarded him with $218M practically guaranteed through the 2028 season. It’s a Kyler Murray type structure for Herbert, and a team that may be going through a similar “rebuild on the fly” process that the Cardinals are currently experiencing. But locking down the QB1 was a no-brainer for the franchise regardless.

Anthony Richardson (Colts)

Richardson hasn’t officially been named Indy’s Week 1 starter, but the more we hear about him, the more it seems like we’ll get there soon. Contract years for WR Michael Pittman and RB Jonathan Taylor could make for a big inaugural season for Richardson, who’s skillset and athleticism alone could set him apart from many of his peers. Contractually, he’s guaranteed $34M through 2026, with a 5th-year option available in 2027 as needed.

Jalen Hurts (Eagles)

Hurts replaced a non-guaranteed $4.3M expiring rookie salary with $110M fully guaranteed at signing, and more than $208M practically guaranteed through 2027. A quadruple bonus structure (the real Philly Special), keep initial cap hits tempered, putting the franchise in a very good position to retain/add the next few offseason. Hurts bagged a $20M raise this year on the new deal, and basically took a franchise tag payout ($40M) for 2024.

Bryce Young (Panthers)

The #1 overall selection is a lock to take the Week 1 snaps for Carolina, who aren’t being shy about adding savvy veterans (even as we speak) to continue to build a deep and experienced roster around Young. It’s a sign that they know exactly what they have in a 22-year-old QB1, and we should all be watching closely. Young is fully guaranteed at $38M through 2026, with a 5th-year option available in 2027 as needed.

Lamar Jackson (Ravens)

Agent. No Agent. Hold out. No Hold out. Lamar did well for himself this spring, locking in $208M over the next 4 seasons for practical purposes. There’s a $74.65M cap hit sitting in 2026 that will certainly get a conversation started sooner rather than later.

C.J. Stroud (Texans)

Stroud still hasn’t officially been named Houston’s Week 1 starter, but it’s certainly trending in that direction. The Texans added a few veteran weapons to the offense, preceding his arrival, including RB Devin Singletary, TE Dalton Schultz, & WR Robert Woods. Contractually, Stroud is fully guaranteed at $36M through 2026, with a 5th-year option available in 2027 as needed.

Locked but Ready to Reload

Players who are under contract with multi-year guarantees, but are in negotiations for a restructured extension.

Patrick Mahomes (Chiefs)

Imagine having 9 years, $414.55M remaining on your contract (almost all of it guaranteed early), and both you and your team publicly agreeing that it’s just simply not good enough to move forward with. That’s where Mahomes & the Chiefs currently stand, and it’s largely expected that some form of restructured contract will be announced in the coming months. Until then, the almost 28-year-old is due $40.45M in 2023, the most he’s earned in a year by far.

Dak Prescott (Cowboys)

After tumultuous negotiations to hammer down a rookie extension (double tags, leg injury), the Cowboys and Prescott are already back at the drawing board - after 2 years, $95M. The current contract holds 2 years, $65M remaining, but most are eyeing a $59.455M cap hit for 2024 as a reason to start working on things immediately, and rightfully so. Prescott values toward a 4 year, $250M extension in our system.

Joe Burrow (Bengals)

The decorated 26-year-old is amidst blockbuster extension negotiations, with 2 years, $35M remaining on his rookie deal. Justin Herbert’s $218M of practical guarantee is the number to watch for a new Burrow contract, though a shorter term would certainly favor the player here (especially one with his resume).

Locked but the Security System is Down

A tier of one is never good news for a player, and Murray’s future could be heading toward unprecedented territory.

Kyler Murray (Cardinals)

An ACL tear cut Murray’s extension debut season short, and figures to hamper some of a $39M 2023 campaign as well. He’s practically guaranteed through 2024 right now, with year-early guarantees built into his 2025, 2026, & 2027 salaries. Murray has one of the stronger structured deals in all of football, and yet, could very well be on the trade block in 6 months if the Cardinals hit the draft lottery (as expected). This one could get messy.

The (Future) Departed

Players set to play out an expiring contract in 2023, with a future in their respective franchise unknown at this stage.

Kirk Cousins (Vikings)

Kirk D. Cousins is staring down a familiar path - pending free agency. The last time he was here, he penned a fully guaranteed 3 year contract with the Vikings, tacking on back to back guaranteed extensions thereafter. For now, it’s a 1 year, $30M expiring deal for 2023, with a huge question mark for next March. Cousins is a $45M per year player in our system right now.

Ryan Tannehill (Titans)

The 35-year-old is on an expiring contract in 2023, set to earn $27M (none of which guarantees until Week 1). Tennessee has selected a mid-level QB prospect in each of the last two drafts (Malik Willis, Will Levis) but neither appear ready to wrestle 1st-team snaps away from Tannehill yet. With that said, it would be a surprise if he remained in Tennessee after the 2023 campaign.

Playing for the Bag

Players either trending toward an early rookie extension, or vets heading toward an extendable point of their current deal.

Justin Fields (Bears)

Fields offered the Bears a better version of himself in 2022, improving in every major statistical category over his rude awakening rookie debut. The team has added significant pieces across the board this spring, including a shiny new toy in D.J. Moore for Fields to link up with on Sundays. There’s a world where we’re discussing his rookie extension in a few months, and another world where we’re debating his replacement plan. It’s a 2 year, $5.5M guarantee through 2024 on his rookie deal, and Chicago will need to make a decision on his 5th-year option next May.

Tua Tagovailoa (Dolphins)

Tua is extension eligible as we speak, but common sense says the Dolphins need to see a few more Ws on the field, and a lot more healthy weeks strung together from their QB1 before they get serious about a serious pay raise. With that said, Tua is now in a Jalen Hurts’ spot, where the team has exhausted resources from every channel possible to build a contender around him. If he does his part, and the Dolphins go on a run in 2023, a blockbuster extension should be a slam dunk next spring.

Trevor Lawrence (Jaguars)

The Jaguars are rounding into postseason form just as Lawrence is set to become extension eligible. If all goes well, this should lead to more historic financials for the QB position next summer, with contracts for Burrow & Herbert as new baselines for the 23 year old.

Jared Goff (Lions)

Goff has really re-centered his career with the change of scenery, and there are legitimate conversations about a post-2023 extension to keep him at the helm of the Lions’ offensive for the foreseeable future. Strong season from both him and the team probably locks in this notion, with a mid-40s per year contract easily in range. For now, Goff sits on a 2 year, $52.6M contract, including $26M to be earned for the upcoming season.

Time for Two

Players with new contracts that hold exactly two years of full guarantee upfront.

Daniel Jones (Giants)

Jones avoided the franchise tag in NY (thanks running backs), and was extended to an $81M guarantee through 2024. There’s a clear out thereafter, putting the remaining $78M of the contract on notice.

Aaron Rodgers (Jets)

Rodgers and Co. turned a $107M guarantee through 2024 into a $75M one with a restructured contract that lowered his overall cash payout by $33.765M. The cap hits through 2024 ($8.8M, $17.6M) are extremely team-friendly, setting the Jets up to maneuver as needed. Now can the two sides get the whole football thing synced up at a high level in a moment’s notice? We’ll soon find out.

Matthew Stafford (Rams)

A concussion derailed the first year of Stafford’s $160M extension in LA, but the Rams let another $57M of the deal fully guarantee this past March, showing confidence in the 35 year old. Stafford is now locked in through 2024, with another $10M (2025 salary) set to guarantee next March. We’ve seen the Rams pay-to-release a player more than a few times of late.

Derek Carr (Saints)

Carr was released ahead of a $40.4M guaranteed in Las Vegas, turning that into $60M guaranteed at signing ($70M practical) with the Saints soon thereafter. It’s a 2 year test run with a fun offense, with another 2 years, $80M on the backend if New Orleans wants to keep it together.

When Two Becomes One

Despite guaranteed dollars existing in the 2024 year, there's a possibility that these player's respective teams could decide to move off of the contract anyway, either via trade - or outright buyout.

Jordan Love (Packers)

A mini-restructure bought Green Bay a little financial breathing room, and more importantly, a little more time to assess if Jordan Love can take the reins under center for the foreseeable future. Love is guaranteed $13M across this and next season, with playing time/production escalators that could add another $9M to the end game. Cap hits of $4.4M this year, and $7.7M next season certainly don’t impede the Packers from keeping this roster complete around him. But if 2023 is a disaster, a $5.5M guarantee isn’t stopping most teams from moving on anymore (though it’s a pretty fair backup QB salary as well).

Jimmy Garoppolo (Raiders)

With the injury concerns cleared (for now), Garoppolo has locked in $33.75M fully guaranteed through the 2024 season, $22.5M of which is built into the upcoming campaign. Is an $11.25M guarantee in 2024 enough to ensure him a roster spot? We’ve seen larger buyouts in recent scenarios.

One & Done?

Players either on actual one year contracts, or a contract that holds only one substant year of guarantee through 2023.

Baker Mayfield (Buccaneers)

We’re just guessing at this point. Mayfield has done nothing to separate himself from Kyle Trask, who’s done nothing to separate himself from any other career backup QB in the league. We’ll assume the more experienced player gets the early nod in Tampa, playing out a fully guaranteed 1 year, $4M contract, with another $4.5M of incentives available.

Geno Smith (Seahawks)

No franchise tag, no real threat of offers from other teams, just a good ole’ fashioned logical extension for Seattle and the second coming of Geno Smith. Unfortunately, outside of a $12.7M injury guarantee, it offers the QB no security past the 2023 season out of the gate. It’s a 1 year, $27.5M contract until it’s not. Again - logical.

Might Not Make Week 8

Despite shaky 2022 seasons from a few listed here, these players aren’t eligible for an extension even if their team was dying to hand them one. That doesn’t make (any) of these players stable for 2024.

Sam Howell (Commanders)

The 5th-rounder out of UNC had a heck of a college career, and appears to have the full confidence of this Washington organization heading into the regular season. If he can stay upright and pass accurately, a combination of Terry McLaurin & Jahan Dotson should make him look pretty darn good at times. Howell sits on non-guaranteed minimum salaries ($2.95M total) through 2025.

Desmond Ridder (Falcons)

The former 3rd rounder out of Cincinnati gets the keys to one of the more fun offenses (on paper) in all of the league. Atlanta scored in droves last year, and attempted to fix the “inability to play defense” problem this past spring. Ridder could be game managing himself into a really nice spot with the Falcons come the holidays. Contractually, none of the $3.5M remaining through 2025 is guaranteed, though his rookie deal holds training camp roster bonuses that pay out a portion of his salary a few weeks early.

Mac Jones (Patriots)

It feels like a make or break year for Mac Jones (and maybe more major names in New England), who took a major step backwards, both statistically and from a reputation standpoint, in 2022. He’s fully guaranteed at $4.8M through 2024, and the Patriots will need to decide on his 5th-year option by next May.

Kenny Pickett (Steelers)

Pickett didn’t blow anyone away in his debut season, but a 64% completion rate, and his ability to scramble with a purpose at least have people interested in where this could go with a full season under his belt. There are (much) worse offensive weapon groups than the Harris, Johnson, Pickens, Freiermuth) package Pittsburgh is set to roll out in 2023, but it’s unclear if Omar Kahn did enough bolstering to the offensive line to give Pickett a fair shake this season. Contractually, he’s guaranteed $5.95M through 2025, with a 5th-year option available in 2026 as needed.

Brock Purdy (49ers)

Despite having two #3 overall selections on the depth chart alongside him, if Purdy is healthy, everyone in San Francisco is screaming that he’s the guy for 2023. He completed 67% of his passes last season, averaging 152 yards per game, but posting an extremely efficient 107.3 passer rating for 2022. He obviously understands the task at hand in San Fran’s offense, but is he skilled & physically gifted enough to remain upright and healthy for a marathon of 18+ weeks? Purdy sits on non-guaranteed minimum salaries ($2.95M total) through 2025.

Michael GinnittiJuly 26, 2023

QB Justin Herbert & the Los Angeles Chargers agreed to his expected rookie extension Tuesday night, giving the 25-year-old 5 new years, $262.5M new money. In total, it’s a 7 year, $292M contract for Herbert through the 2029 season, when he’ll be 31.

From an average annual salary standpoint however, Herbert becomes the new top of the market at $52.5M. He’s the 3rd such QB this offseason to reset this number, with Jalen Hurts locking in at $51M per year in the beginning of April, & Lamar Jackson upping that to $52M later that month.

Herbert isn’t expected to hold that title belt for long though, as Joe Burrow’s pending extension in Cincinnati figures to shatter most of the top QB money numbers in the coming days, but for now we'll dive deep into the full 7 year contract structure.

The Triple Bonus Structure

With 7 total years to work with, the Chargers have built in three different bonuses to Justin Herbert's new contract: a $16.1M signing bonus, a $50.6M 2nd year option bonus, and a $45M 3rd year option bonus. Each will be allowed to prorate over the maximum 5 seasons, keeping cap hits relatively low for the first 4 years of this deal. All 3 of these bonuses (and their correspoding base salaries) are fully guaranteed at signing.

The Average Annual Salary

Herbert's $52.5M new money AAV is the most in NFL history, but it only tells a piece of this story. The 7 year total value AAV rings in it $42.3M. When comparing this to other recently signed rookie extensions, Josh Allen secured a $35.5M total value AAV, while Kyler Murray locked down a slightly better $37.9M in Arizona. Jalen Hurts' total value AAV calculates to $43.2M, however Philadelphia only had 1 year, $4.3M to carry over from his rookie contract - while the other players here had a significantly more expensive 5th year option to bring with them. In short, Herbert's 7 year payout holds up amongst the rest of the recently signed QB contracts. TOP AVERAGE PAID NFL PLAYERS

The Cash Flow

Despite reports about "$100M in Year 1", it appears that Herbert's new contract pays him a little over $17M in 2023, thanks to a minimum salary and a $16.1M signing bonus. Things escalate quickly thereafter, with a $56.6M payout in 2024, and another $60M set for 2025. In total, it's a $73.7M 2-year cash flow (7th), a $133.7M 3-year flow (4th), and a $193.7M 5-year payout (5th). CUMULATIVE CASH RANKINGS

The Cap Flow

As to be expected, the first two seasons of this contract carry relatively low cap figures. Herber'ts $8.4M cap hit for 2023 is nearly identical to the figure his rookie contract carried, keeping the Chargers' current cap financials neutral. In 2024, a $29.5M 5th-year option figure has been replaced by a $19.3M cap hit, representing more than $10M of savings for LAC next season. His number jumps to $37.3M for 2025, but with a league salary cap set to rise mightly over the next few seasons, this figure should represent less than 15% of the hard threshold by then. The same could very well be true in 2026, when his $46.3M cap hit could very well be tenable for the Chargers, who haven't been known for converting too many salaries into signing bonuses on an annual basis.

2027 likely becomes a discussion point for a few reasons. 1) The Practical Guarantees will be set to expire. 2) Herbert will be approaching age 30. 3) A $58.3M cap hit likely needs to be addressed in some way shape or form. Most teams aren't in the business of redoing contracts with 3 years remaining, but this should at least be the initial discussion point.

Justin Herbert's New Cap Hits
2023: $8.45M
2024: $19.34M
2025: $37.34M
2026: $46.34M
2027: $58.34M
2028: $71.12M
2029: $59.5M

The Guarantee Structure

The new deal contains $133.7M fully guaranteed at signing, 3rd most in NFL history. The upfront guarantee is comprised of every dollar built into the 2023-2025 seasons. By March of 2025, another $24M (his 2026 salary) will become fully guaranteed. Another $36M, his 2027 salary, will become fully guaranteed in March of 2026. Both of these salaries are guaranteed for injury right now, bringing his injury security over $193M. Another $25M of his 2028 salary will become fully guaranteed in March of 2027, putting the early vested guarantee number at a staggering $218.7M. Herbert becomes the only NFL player not named Deshaun Watson to secure a practical guarantee north of $200M. NFL GUARANTEE RANKINGS

The Practical Contract

While the early vesting guarantees make this a 6 year, $245M contract fairly comfortably, logical tells us that the deal probably gets ripped up after 5 years, $193.7M. The 6th (2028) season currently carries a cup hit north of $71M, and that's before any type of cap conversion in years prior. Herbert will be 30 years old after the 2027 season, with 2 years, $25M fully guaranteed remaining, so it's an ideal time to take on new years, with a truckloaf of new guarantees.

Additionally

On top of this all, Herbert has secured a full no trade clause throughout the entirety of this contract. He also gets the opportunity to add $2.5M annually to the deal: $1.25M for winning a Conference Championship, and another $1.25M for winning a Super Bowl.

Michael GinnittiJuly 18, 2023

Quarterbacks

Current Leader: Tom Brady ($332,962,392, Retired)

Brady retires from the game (officially) as the current top earning player in NFL history. That honor will be short lived, as both Matthew Stafford ($328.3M) & Aaron Rodgers ($306.8M) are knocking on the door. In fact, once we learn of Rodgers’ newly constructed contract in NY, there’s a very good chance that he surpasses Brady’s figure by the end of this season. FULL RANKINGS

Fullbacks

Current Leader: Kyle Juszczyk ($37,928,083, Active)

Juszczyk’s contract guarantees fall off after 2023 though there’s another $12.5M remaining on the deal if he can convince the 49ers to keep him around. He’s already $17M clear of any other fullback in history, and it’s hard to imagine anyone else even coming close at this point. FULL RANKINGS

Running Backs

Current Leader: Adrian Peterson ($103,215,972, Retired)

Peterson still sits $32.5M north of any other running back in NFL history (Ezekiel Elliott, $70.6M). Even if Christian McCaffrey plays out the final three years of his current contract, he’ll still “only” max out at $89.8M. It’s going to take a special situation for a running back to approach the $100M mark ever again. FULL RANKINGS

Wide Receivers

Current Leader: Larry Fitzgerald ($180,757,239, Retired)

Fitzgerald probably had another $20M of playing time in him, but walked away from the game on his terms after the 2020 season. Active WR leader Julio Jones appears maxed out at $148M, while Davante Adams has an outside chance to take over the top spot - if he plays out all 4 of his remaining contract years. FULL RANKINGS

Tight Ends

Current Leader: Jason Witten ($81,879,722, Retired)

For a minute, it seemed like Witten’s number was going to be eviscerated by the star tight ends in the game. But a blatant financial plateau at this position has slowed the rate of pay immensely. With that said, Travis Kelce should claim the top spot by the time the 2024 season is complete, whether he remains on his current contract or signs a much deserved new one. FULL RANKINGS

Offensive Linemen

Current Leader: Trent Williams ($168,790,970, Active)

The 34-year old sits $41M+ clear of any other lineman in NFL history, and has another $97.5M remaining on his contract. A $225M final career number for Williams is very much within reach.David Bakhtiari & Lane Johnson should continue to climb the Top 5 quickly. FULL RANKINGS

Defensive Tackles

Current Leader: Ndamukong Suh ($168,165,157, Free Agent)

Suh has stood atop this leaderboard for a few years now, but his time there is now very much on notice. Aaron Donald ($157.1M) should cruise past him after 2024 - if he decides to keep playing football. FULL RANKINGS

Edge Defenders

Current Leader: Von Miller ($179,385,534, Active)

Miller’s big deal in Buffalo helped him cruise past longtime leader Julius Peppers ($164.9M), and the 34-year-old still has at least $10.7M coming his way due to a 2024 guarantee. Behind him, Khalil Mack has a strong chance to join the $175M club, but there’s a pretty significant dropoff with many of the active players in the league right now. FULL RANKINGS

Linebackers

Current Leader: Bobby Wagner ($101,008,441, Active)

Wagner’s compensation with the Seahawks/Rams this year will take him north of $100M earned in his illustrious career. There’s certainly a real world where 31-year-old C.J. Mosley surpasses him at some point, while Roquan Smith & Tremaine Edmunds now have a path to get there as well. FULL RANKINGS

Cornerbacks

Current Leader: Darrelle Revis ($124,211,129, Retired)

A sizable rookie deal ($32M) & 3 hefty veteran extensions keep Revis atop the earnings board still. Joe Haden was on track to pass him before falling out of the league last season, but for now, teammates Xavien Howard & Jalen Ramsey appear to have the best chance to surpass Revis. FULL RANKINGS

Safeties

Current Leader: Charles Woodson ($97,899,369, Retired)

Devin McCourty walked away from the game this winter just $5.2M shy of Woodson’s leading number. If Tyrann Mathieu can stick on his contract through 2024, he’ll surpass the $100M and hold the belt for a while. There’s a world where safeties struggle to get to this point going forward. FULL RANKINGS

Kickers

Current Leader: Sebastian Janikowski ($53,285,137, Retired)

40-year-old Robbie Gould ($47.7M) currently stands 3rd on this list and has expressed a desire to continue playing, but Justin Tucker still remains the most likely option to surpass the $54M mark. It’s not a guarantee though, as A) it will require 3 more seasons on his current contract, and B) His numbers dipped drastically in 2022. FULL RANKINGS

Punters

Current Leader: Thomas Morstead ($36,343,893, Active)

Believe it or not, this seems like a number that could stand at the top for quite some time, as Johnny Hekker’s current contract only takes slightly over $31M, when he’ll be 35 years old. FULL RANKINGS

Long Snappers

Current Leader: J.J. Jansen ($15,161,150, Active)

Jansen has been playing out at or near minimum contracts for the better part of a decade now, but will complete his 14th season in Carolina after 2023. FULL RANKINGS

Michael GinnittiJuly 16, 2023

The Titans won the bidding war for WR DeAndre Hopkins, who joins Tennessee on a 2 year, $26M contract this summer. Our look at our how the rest of the roster shapes up financially heading toward camp.

Tennessee entered the week with an estimated $8.3M of Top 51 cap space. Early reports claim that Hopkins' new contract contains $12M cash in 2023, though it's not currently clear if bonuses or void years have been integrated to temper the 2023 cap figure (likely). 

Should the Titans require additional cap space to finish off their summer, QB Ryan Tannehill, LB Harold Landry, CB Kevin Byard, RB Derrick Henry, & DE Denico Autry carry sizable base salaries that can open up ample room as needed.

Quarterbacks

35-year-old Ryan Tannehill enters Year 12 on an expiring contract, set to earn $27M cash against a $36.6M cap hit for 2023. Tennessee has drafted a potential future QB1 in each of the past two drafts, but early reports claim that Malik Willis is a roster bubble candidate this summer, and that Will Levis is still a bit of a project in work.

With ample weapons now available around him, can Tannehill play his way into another contract with the Titans this winter?

Running Backs

Like Tannehill, Derrick Henry enters 2023 on an expiring contract, set to earn $10.5M in his 8th NFL season. His $16.6M cap figure is easily the highest among all running backs this year (Nick Chubb, $14.8M), and two void years already have $4.7M more allocated to 2024.

Behind Henry, #81 overall pick Tyjae Spears is projected to vie for action, while Hassan Haskins, a 2022 4th-rounder could also find himself in the mix.

Despite a wealth of production in 2022 (1,900+ yards from scrimmage, 13 TDs), 29-year-old Derrick Henry is likely heading for his final season in Tennessee.

Wide Receivers

The Titans won the bidding war for DeAndre Hopkins this summer, landing him on a 2 year, $26M base contract that can escalate as much as $3M per year thanks to incentives for receptions, yards, & touchdowns. The price point falls inline with or predicted value for Hopkins on the late open market, with Tennessee always being a top landing spot for the 31-year-old. It remains to be seen just how structurally strong the 2024 portion of his contract comes in at.

Hopkins’ signing takes a load off of 2022 #18 overall pick Treylon Burks, who caught 33 passes, including 1 TD in 11 games last season. Burks holds 3 fully guaranteed years plus a 5th-year option on his rookie contract going forward. Nick Westbrook should remain a factor in the passing game despite the addition of Hopkins.

Tight Ends

2022 4th rounder Chig Okonkwo should win the starting role out of the gate this summer with a non-guaranteed 3 year, $2.95M rookie contract still remaining. Elsewhere, 2023 5th rounder Josh Whyle & veteran Trevon Wesco should factor into the season. Tennessee is living light here in 2023.

Offensive Line

The Titans signed Andre Dillard (3 years, $29M) away from Philly this March to take over the left tackle role from departing Taylor Lewan, then drafted Peter Skoronski #11 overall to continue the rebuild on the fly. Skoronski could open the year on the starting line either as a Right Tackle or Guard.

Elsewhere, Daniel Brunskill was brought over from San Francisco, while starting center Aaron Brewer is entering a contract year in Tennessee.

Defensive Line

Jeffery Simmons was part of sizeable increase to the defensive tackle market this spring, locking in a 4 year, $94M extension that included nearly $60M practically guaranteed.

Nose Tackle Teair Tart is set to play out a $4.3M restricted tender, with unrestricted free agency pending next March, while veteran Denico Autry enters a contract year, set to earn $7.25M against a $9.1M cap hit in 2023.

Edge Defenders

A minute after signing a 5 year, $87.5M extension ($52.5M guaranteed), Harold Landry tore an ACL, shelving his entire 2022 campaign, and all of this offseason thus far. He’s questionable to be ready for Week 1 right now based on reports, but is fully guaranteed through the 2024 season contractually speaking.

Arden Key, who was signed away from Jacksonville on a 3 year, $21M contract ($13M guaranteed), should slot into the Sam Linebacker spot this season

Linebackers

Azeez Al-Shaair joins after starting 20 games for the 49ers over the last two seasons. He’s on a 1 year “showcase” contract for all intents and purposes.

2021 3rd rounder Monty Rice enters Year 3 of his rookie contract, with a non-guaranteed 2 year, $2.42M deal ahead of him.

Secondary

The Titans reportedly approached Kevin Byard about taking a pay cut to remain rostered this offseason, but those discussions appear to have subsided. Byard is due $14.1M against a $19.6M cap hit in 2023, with a non-guaranteed $14.1M also remaining in 2024. The near 30-year-old has 9 INTs in the last two seasons.

25-year-old Amani Hooker enters Year 2 of a 4 year, $32.5M contract, after missing nearly half of 2022 due to injury. His $6.185M base salary for 2023 is the last remaining early guarantee on the deal.

2022 #35 overall pick Roger McCreary should provide strong financial value, while 2020 2nd rounder Kristian Fulton is entering a contract year this season.

Special Teams

2022 UDFA Caleb Shudak & 2023 UDFA Trey Wolff should compete for the starting kicking role out of camp, while 2022 UDFA Ryan Stonehouse will retain the punting duties for the upcoming campaign. Morgan Cox returns for a 3rd season in Tennessee, his 14th overall.

Michael GinnittiJuly 12, 2023

As NFL training camps approach, our deep dive into actual contract extension breakdown projections for Joe Burrow, Justin Herbert, Saquon Barkley, Chris Jones, Justin Jefferson & 5 notable Dallas Cowboys players.

Dak Prescott (QB, Cowboys)

Prescott & the Cowboys waited to the very last minute to lock in his first multi-year extension, a 4 year, $160M contract to bypass a $38M 2nd franchise tag in 2021. Just over two years later, Dallas is eyeing a version 2.0 of this contract, most notably to clean up a near $60M cap hit looming in 2024. With QB salaries soaring past Dak's current $40M pricepoint, what lies next for Prescott?

Projected Contract

There's a world where Dak only accepts a 2 or 3 year extension for his next deal in order to keep things as neat and tidy as possibly (term was a major sticking point for him the last go around). We'll push things out 4 years for this projection, offering up a 6 year, $265M contract that includes 4 years, $200M of new financials. The deal carries $128M fully guaranteed at signing (through 2025), with another $47M locking in March of 2024. Because of a March restructure that paid out $30M to Prescott, we've pushed the bulk of the cashflow on this new deal into 2024, in the form of a $75M option bonus. Any cap relief that the Cowboys are looking to gain in 2024 will quickly be mitigated by huge figures in 2025-2026 here, but we're relying on the assumption that Dallas will keep on kicking that can down the line until the sun sets. Early (large) March roster bonuses will afford them the opportunity for massive cap conversions on a yearly basis. The $175M practically guaranteed is structured entirely into the next 4 seasons, putting Dak on track to re-up for a 3rd time after 2026, at age 33.

CeeDee Lamb (WR, Cowboys)

Lamb became extension eligible for the first time after the 2022 season, his most productive year to date. His primary agent (Tory Dandy) has a strong track record of short and very sweet extensions for star wide receivers (Mike Williams, Chris Godwin, DK Metcalf, etc...), so we're following suit here for Lamb's next deal.

Projected Contract

Our projected extension for Lamb is more or less a cap-adjusted version of DK Metcalf's recent deal in Seattle, with a similar AAV, 2-year, & 3-year cash flow structure. We've stayed away from the double bonus system that Metcalf received, as the Cowboys generally prefer to deal with roster bonuses that they can choose to convert (or not) annually. This is a 3 year, $63.5M base contract on its face, with a chance to get $100M+ over the next 5 seasons in total value.

Tony Pollard (RB, Cowboys)

Pollard was on a fast track to a multi-year extension in Dallas when a broken fibula derailed the process. The Cowboys responded with a tag offered, and Pollard signed it almost immediately. Dallas has yet to replace Zeke Elliott on the roster, potentially further showing their trust and need for Pollard in this offseason.

Projected Contract

With the franchise tag already signed (and on the books), we're offering 2 new years, and $25M new money on top of it, including $23M fully guaranteed through 2024. This figure represents a (slight) increase over the $22.2M Pollard would secure on back to back franchise tags, but such is the life of a running back in the NFL. Our projection includes a $10M signing bonus & $11.5M in 2023 - again a slight increase over his current tag figure. All of 2024 is fully guaranteed at signing, with a $7.5M roster bonus to be paid out early in March. That same $7.5M bonus is available in 2025, though without any early vesting trigger attached to it. We've included two void years to allow the signing bonus to spread out the maximum 5 years.

Trevon Diggs (CB, Cowboys)

Diggs has developed into one of the best young corners in the game, and seems a lock to remain a fixture in Dallas for the next few years. Jaire Alexander ($21M per year) and Denzel Ward ($71.25M guaranteed) carry the top numbers at this position. It stands to reason that Diggs can challenge these numbers with his upcoming extension.

Projected Contract

We're projecting a 4 year, $86M extension for Trevon Diggs, making him the highest average paid CB in NFL history. Our predicted guarantee structure however ($43M at signing, $60.5M practically) fall slightly short of the top of the market, but still represent Top 3 figures in both cases. Dallas will have an early opt-out available after 2025, but will need to make a quick decision as the 2026 salary will fully guarantee in March of that offseason.

Terence Steele (OT, Cowboys)

Steele has started 13 games each of the last 3 seasons, making him an integral piece to the Cowboys puzzle. Dallas has plenty of mouths to feed, but losing a core offensive lineman shouldn't be a consideration with a roster attempting to contend annually.

Projected Contract

With Right Tackle contracts now over $20M per year at the top of the market, $15M becomes a standard extension point. We're projecting Steele to land a little higher on a total value basis, but right at that $15M per year in terms of guarantee structure ($45M practically guaranteed through 2025). This is a $65M contract over 5 years if it's played out in full.

Joe Burrow (QB, Bengals)

Burrow's extension is one of the more anticipated contracts in all of sports, as the Bengals have little wiggle room with their superstar QB. The 27 year old is averaging 284 passing yards per game a 104+ rating, completing nearly 70% of his passes over the past two seasons in Cincy. There will be a push to make this contract a "mini-Mahomes" structure, but with the cap growing rapidly, and QB pay increasing at an even faster rate, keeping this deal as neat and tidy as possible should be a priority for Burrow's camp.

Projected Contract

Our projected breakdown for Burrow's next deal involves tacking on 4 new years, $222M new money to his remaining 2 years, $35M, or a 6 year, $257M contract. The extension includes a $60M signing bonus, $75M of 2-year cash, and $120M of 3-year cash - the fully guaranteed at signing portion of this contract. Another $45M (his 2026 compensation) will become fully guaranteed next March, while a final $25M (a 2027 roster bonus) will become guaranteed for cap in March of 2025, bringing the practical guarantee on this contract to $190M. March roster bonuses in each of the last 5 seasons of this contract offer Burrow an early pay day, and the Bengals an opportunity to free up cap space with a simple conversion where necessary.

Justin Herbert (QB, Chargers)

The Chargers and QB Justin Herbert have been in negotiation talks for the better part of 5 months now, with very little progress being noted publicly. But as training camps approach, contracts for both he and Joe Burrow should become front and center talking points across the league. Like Burrow, Herbert shouldn't be wooed by an 8-10 year "career" contract offer for his first major pay day. With the league's financial landscape as healthy as ever, leveraging a get-in/get-out tactic should allow the 25-year-old to cash in on (at least) 3 major veteran contracts over the course of his NFL career.

Projected Contract

The Chargers haven't veered off the beaten path in terms of structure with their blockbuster contracts, so we won't project they'll do anything of the sort here either. Herbert gets a double bonus package that includes a $40M signing bonus in 2023, and a $25M option bonus for 2024. The early cash payouts equate to $72M through two years ($40M more than his current cashflow), and $112M through three years - representing the guaranteed at sign portion of this extension. From there another $63M of his contract becomes guaranteed for practical purposes, including his entire 2026 salary, and $20M of 2027 compensation, all of which carry early vesting triggers to ensure a payout.

Chris Jones (DT, Chiefs)

One of the best interior defensive linemen in all of football should never have been allowed to enter 2023 with an expiring contract, and it appears the Chiefs won't make that mistake, as the two sides have been deep in negotiation to extend the 29 year old this month. Aaron Donald's $31.6M per year, $95M guaranteed stand atop the DL list, but Jones should be next in line to approach those thresholds with his next contract.

Projected Contract

Our projected breakdown for Chris Jones' extension includes 3 new years, $93M new money on top of his 1 year, $20M remaining. We've added a void year to allow a $25M signing bonus to prorate over a full 5 seasons, which factors into $55M of 2-year cash, $82.5M of 3-year cash, both of which come in comfortably ahead of any DT not named Donald. The deal includes $54.5M fully guaranteed at signing, with another $27M set to lock in for cap/skill next March.

Saquon Barkley (RB, Giants)

The deadline for Barkley to sign a multi-year extension this summer is just days away (July 15th), so any compromising in the process will need to happen quickly. Barkley seems the most likely franchise tagged player to garner an extension, even if paying running backs has become a thing of the past in most cases. Barkley's $10.091M franchise tag would represent the 8th most cash paid out to a running back in 2023. A 2nd franchise tag would bring his 2-year total over $22.2M, so beating this number in upfront guarantee appears to be the largest hurdle for any extension.

Projected Contract

Our projected contract extension for Barkley includes $24M fully guaranteed at signing, with a chance to earn $30M over the next two seasons thanks to per game active bonuses and achievable incentives. The deal includes a $12M signing bonus, increasing Barkley's 2023 base compensation to $13.5M, with a chance to get to $16.25M. The Giants will see around $5M of cap savings for the upcoming season on this contract, while an early March roster bonus in 2024 can be converted to free up ample space next season as well without damaging the dead cap scenarios too much going forward.

Justin Jefferson (WR, Vikings)

It's hard to find a statistical category that Justin Jefferson hasn't eclipsed out of the gate through 3 NFL seasons, which doesn't bode well for any hopes of a "team-friendly" extension in Minnesota. Tyreek Hill's (fluffy) $30M per year and Cooper Kupp's $75M guaranteed are the current top numbers for WRs, though when it comes to rookie extensions, those figures drop to $25M (A.J. Brown) & $58.2M (DK Metcalf). Has Jefferson done enough to sit atop ALL WR numbers?

Projected Contract

We're bucking our usually conventional thinking here, putting Jefferson on the largest contract by every metric in NFL WR history. The 4 year, $128M extension pays out $54M through 2 years, $73M through 3 years with $53M fully guaranteed at signing (Tyreek Hill, $52.5M). Another $43M of salary becomes fully guaranteed in March of 2024, bringing the practical guarantees to a whopping $96M - $21M more than any WR has ever received. The double bonus structure of this contract keep the cap figures extremely tenable for the next two seasons, with a convertable base salaries in 2025-2026 as needed.

Michael GinnittiJune 26, 2023

It’s been a rough decade for running backs as NFL teams have engaged in a full-scale lockout for most players post rookie contracts. But as is the case with everything - a few exceptions continue to remain. We’ll take a look at which active running backs have a chance to buck the devaluation trend, and lock in a multi-year contract extension in the coming months.

Related:
Top Average Paid Running Backs
Largest Running Back Guarantees
2024 Running Back Free Agents

Jonathan Taylor (Colts, 24)

Contract Status: 1 year, $4.3M, 2024 UFA
Calculated Valuation: 4 years, $52M ($13M per year)

Taylor posted 3,600+ yards from scrimmage over his first 2 NFL seasons, including 76 catches out of the backfield in Indy. But an ankle injury (and possible regression?) hampered his 2022 campaign, slowing the conversation about the next McCaffrey type extension considerably. With his rookie contract set to expire after the upcoming season, is Taylor the next prime candidate for a tag or two?

Prediction: Taylor is offered a projected $13M franchise tag next February, but the two sides agree on a multi-year extension during the offseason, due in large part to the QB1’s rookie contract.

Saquon Barkley (Giants, 26)

Contract Status: 1 year, $10.091M tag offered
Calculated Valuation: 4 years, $49M ($12.25M per year)

Barkley has been public both about his dissatisfaction with the Giants recent contract offers, and with the possibility of playing out a franchise tag in 2023. Something’s going to need to give as the July 15th extension deadline approaches - because sitting out just hasn’t proven to be the stance it used to be. He’s worth a two year guarantee, even with the health risks.

Prediction: The Giants and Barkley agree to a 4 year, $60M contract extension that includes $25M fully guaranteed, $3M more than he would cash on back to back franchise tags. 

Josh Jacobs (Raiders, 25)

Contract Status: 1 year, $10.091M tag offered
Calculated Valuation: 4 years, $51M ($12.75M per year)

Financially speaking, Jacobs and Barkley are walking down the same path right now, but the two situations feel very different on the surface. A) Jacobs has been radio silent about his future B) The Raiders aren’t necessarily in “contention” like the Giants may be come Christmas. C) Jacobs is an entire year younger than Barkley, which could give him leeway to sit this season out while demanding a contract or trade. Statistically, Jacobs found his pass-catching legs in 2021, then put the whole package together in his contract season last year (2,000 yards from scrimmage, 53 catches, 12 TDs). He’s worthy of a two year guarantee right now.

Hot Take Prediction: Jacobs is traded to the Cincinnati Bengals, for Joe Mixon and a pick, who in turn extend him to a 4 year, $55M contract, with $25M fully guaranteed through 2024. 

Measured Prediction: He signs the tag, the Raiders stumble out of the gate, and he demands a deadline trade.

Tony Pollard (Cowboys, 26)

Contract Status: 1 year, $10.091M tag signed
Calculated Valuation: 4 year, $40M ($10M per year)

Pollard was on a fast track to a multi-year extension in Dallas when a broken fibula derailed the process. The Cowboys responded with a tag offered, and Pollard signed it almost immediately. Dallas has yet to replace Zeke Elliott on the roster, potentially further showing their trust and need for Pollard in this offseason.

Prediction: The two sides agree to a compromising midpoint before July 15th, and Pollard signs a 3 year, $27M contract, with $15M fully guaranteed.

JK Dobbins (Ravens, 25)

Contract Status: 1 year, $1.4M, 2024 UFA
Calculated Valuation: 2 years, $8M ($4M per year)

After a promising rookie campaign, Dobbins missed all of 2021, and half of 2022. His metrics through 8 games last season however showed promise, but the lack of availability has to be a major suppressant to any type of contract negotiation currently in the works. He’s a bridge contract candidate at best.

Prediction: 2023 free agency showed us one thing: The days of bidding wars for running backs are over. Baltimore lets this ride to free agency and tries to keep him around at about the calculated value, possibly even less.

A.J. Dillon (Packers, 25)

Contract Status: 1 year, $1.3M, 2024 UFA
Calculated Valuation: 2 years, $8M ($4M per year)

The Packers probably expected Dillon to have the keys to the running back room by now, but a $5M pay cut for Aaron Jones this March keeps him atop the depth chart for another season. He’s been active for every game over the past two seasons, but the yards per attempt is hovering around the 4 mark during that span, and the pass catching production took a serious step backward in 2022. It’s very possible that the Packers’ offense will be geared more towards the run game with Jordan Love at the helm, so it could be a perfect timing scenario for Dillon’s expiring.

Prediction: Green Bay hasn’t yet drafted a replacement for Dillon, so there’s reason to believe they are willing to give this a serious thought in the coming months. Playing out 2023 is probably best for both sides here.

D’Andre Swift (Eagles, 24)

Contract Status: 1 year, $1.7M, 2024 UFA
Calculated Valuation: 4 years, $26M ($6.5M per year)

Swift was acquired from Detroit at the end of April for a 2025 4th round pick and a 7th round pick swap. He’s never been able to manage a full workload, but won’t be asked to do so in Philadelphia - who have routinely used a 3-4 back rotation for years now. There’s a world where Swift slots into Miles Sanders’ role however, a situation that just scored him a 4 year, $25.4M contract on the open market.

Prediction: The Eagles have no reason to jump the gun here. Swift plays out his rookie contract and is a fringe franchise tag candidate next February, with free agency the most likely outcome here.

 

POTENTIAL 2024 ADDITIONS

Rhamondre Stevenson (Patriots, 25)

Stevenson made himself known early on last season and should have a full boat of duties in 2023 before he becomes extension eligible. The Patriots might offer him an early extension - but it’s highly unlikely that it will represent a top of the market bottom line - even if he deserves it.

Nick Chubb (Browns, 27)

He’s almost 28, and the contract holds a non-guaranteed $12M in 2024, but he’s also still highly productive and and integral piece to this Browns’ puzzle. Most running backs aren’t even sniffing a second contract in this league - but Chubb may be trending toward a third.

Javonte Williams (Broncos, 23)

It’s not inconceivable that Williams fully recovers from a torn ACL, LCL, & PCL and regains full control of the Broncos’ running game. Age is in his favor, even if nothing else appears to be right now.

Christian McCaffrey (49ers, 27)

McCaffrey’s in a truly great situation right now from every angle: Contract, Team Fit, Rostered QB Money. His holds $12M this year, $12M next year, and $12.2M for 2025, but the early guarantees have dissipated. He just turned 27 years old, so there’s at least some reason to start thinking about the exit game here, but that simply might be a rip it up and start it over type scenario after the upcoming season.

Related:
Top Average Paid Running Backs
Largest Running Back Guarantees
2024 Running Back Free Agents

Michael GinnittiJune 13, 2023

As the NFL offseason turns from business to practice, a snapshot look at the top of the mountain for each position's financial market, including metrics for average salary and practical guarantee, and the days since the belt has last been passed.

Player Top AAV Days Since Reset Top Guarantee Days Since Reset
Quarterback $52,000,000 47 $230,000,000 452
Running Back $16,015,875 1,156 $38,162,500 1,156
Fullback $5,400,000 821 $10,000,000 821
Wide Receiver $30,000,000 447 $75,000,000 370
Tight End $17,000,000 276 $40,000,000 1,034
Offensive Line $25,000,000 86 $64,166,000 956
Interior Defensive Line $31,666,666 372 $95,000,000 372
Edge Defender $28,002,750 642 $102,000,000 1,050
Linebacker $20,000,000 154 $60,000,000 154
Cornerback $21,000,000 393 $71,250,000 421
Safety $19,133,000 300 $42,000,000 300
Kicker $6,000,000 309 $17,500,000 309
Punter $3,675,000 739 $7,500,000 739
Long Snapper $1,575,000 89 $2,600,000 89

Quarterback

The average QB salary pinnacle has been eclipsed twice this spring, with Jalen Hurts & Lamar Jackson leapfrogging Aaron Rodgers in recent weeks. Joe Burrow & Justin Herbert should have something to say about this very soon. From a guarantee standpoint, Deshaun Watson's unicorn contract remains top dog, with Lamar & Hurts filing in appropriately underneath him as a more true top metric.

TOP AAV

Lamar Jackson, $52,000,000
Signed Date: April 27, 2023

TOP GUARANTEE

Deshaun Watson, $230,000,000
Signed Date: March 18, 2022

Running Back

Not great. It's been over 1,100 days since the average salary and guarantee figure at the running back position has been reset. The Saquon Barkley's of the world are in the process of attemping, but McCaffrey's numbers seem safe for the time being.

TOP AAV

Christian McCaffrey, $16,015,875
Signed Date: April 13, 2020

TOP GUARANTEE

Christian McCaffrey, $38,162,500
Signed Date: April 13, 2020

Fullback

Kyle Juszczyk is on his third contract with the Niners and should eclipse the $42M earned mark this season, which more than doubles any other fullbacks career earnings in NFL history.

Top AAV

Kyle Juszczyk, $5,400,000
Signed Date: March 14, 2021

Top Guarantee

Kyle Juszczyk, $10,000,000
Signed Date: March 14, 2021

Wide Receiver

Tyreek Hill's $30M gets an asterisk because of the validity of it. His deal in Miami carries a $24M AAV for 4 years, with a whopping $45M cash payout set for an unlikely 5th year. Davante Adams' $28M is backloaded into the final two seasons of his deal, but Justin Jefferson's next contract could soon add plenty of substance back into this market.

Top AAV

Tyreek Hill, $30,000,000*
Signed Date: March 23, 2022

Top Guarantee

Cooper Kupp, $75,000,000
Signed Date: June 8, 2022

Tight End

A few tight ends have feebly taken over the AAV belt of late, but George Kittle's $40M practical guarantee has stuck for over 1,000 days. A big 2023 for Kyle Pitts in Atlanta could begin the process of changing that sooner rather than later.

Top AAV

Darren Waller, $17,000,000
Signed Date: September 10, 2022

Top Guarantee

George Kittle, $40,000,000
Signed Date: August 13, 2020 

Offensive Lineman

While the AAV market for OLs has matured exponentially, the guarantee numbers seem to be lagging behind a bit. It stands to reason that a position group with 7 players now earning $20M over more on average should have practical guarantees upwards of $75M. Andrew Thomas is a candidate to get there soon.

Top AAV

Laremy Tunsil, $25,000,000
Signed Date: March 19, 2023

Top Guarantee

Ronnie Stanley, $64,166,000
Signed Date: October 30, 2020

Interior Defensive Lineman

It's Aaron Donald's world and everyone else is just playing for 2nd. Well, the IDL market saw three consecutive brand new seconds this offseason, and Quinnen Williams, Christian Wilkins, & Chris Jones could have more to say about it shortly.

Top AAV

Aaron Donald, $31,666,666
Signed Date: June 6, 2022

Top Guarantee

Aaron Donald, $95,000,000
Signed Date: June 6, 2022

Edge Defender

It's been almost 650 days since the Edge Defender average salary market has been reset, and over 1,000 since Joey Bosa's $102M guarantee took over the top spot resepctively. There's no reason Nick Bosa shouldn't stand atop both of these lists soon.

Top AAV

T.J. Watt, $28,002,750
Signed Date: September 9, 2021

Top Guarantee

Joey Bosa, $102,000,000
Signed Date: July 28, 2020

Linebacker

The Ravens pumped $60M guaranteed into Roquan Smith after handing out two picks and a player to secure the rights to him las Halloween. Devin White & Patrick Queen are at least hoping to get a sniff of these numbers soon.

Top AAV

Roquan Smith, $20,000,000
Signed Date: January 10, 2023

Top Guarantee

Roquan Smith, $60,000,000
Signed Date: January 10, 2023

Cornerback

For awhile, the cornerback markets aligned closely with the wide receiver markets - for obvious reasons. While it's easy to look at Alexander's $21M versus Hill's $30M and see an ocean in between, there's only a $3.75M difference between the top practical guarantee figures ($75M vs. $71.25M). A.J. Terrell & Trevon Diggs are fringe candidates to approach these numbers soon.

Top AAV

Jaire Alexander, $21,000,000
Signed Date: May 16, 2022

Top Guarantee

Denzel Ward, $71,250,000
Signed Date: April 18, 2022

Safety

It's been almost a full calendar year since Derwin James reset both of these markets, and there's no clearcut next man up candidate right now. Antoine Winfield Jr. seems the closest in the clubhouse for now.

Top AAV

Derwin James, $19,133,000
Signed Date: August 17, 2022

Top Guarantee

Derwin James, $42,000,000
Signed Date: August 17, 2022

Kicker

Justin Tucker's contract is now nearly a year old, and his $17.5M guaranteed still sits $4.5M higher than any other kicker in the game (Matt Gay's free agent deal in Indy carries $13M).

Top AAV

Justin Tucker, $6,000,000
Signed Date: August 8, 2022

Top Guarantee

Justin Tucker, $17,500,000
Signed Date, August 8, 2022

Punter

All of Michael Dickson's $7.5M guarantee was paid out in Year 1 (2021), putting him back on a year to year contract in Seattle.

Top AAV

Michael Dickson, $3,675,000
Signed Date: June 4, 2021

Top Guarantee

Michael Dickson, $7,500,000
Signed Date: June 4, 2021

Long Snapper

The Patriots have financially rewarded special teamers for a long time, and that includes carrying the league's top-paid long snapper for 2023.

Top AAV

Joe Cardona, $1,575,000
Signed Date: March 16, 2023

Top Guarantee

Joe Cardona, $2,600,000
Signed Date: March 16, 2023

Michael GinnittiJune 12, 2023

Our first annual NFL Movement Series continues with the Running Backs, highlighting every move - every team - has made at the position since the beginning of the new league year.

RB1 Movement
9 starting RB1s from the 2022 season are now either available free agents, or on a new team for the 2023 season (Singletary, Montgomery, Elliott, Swift, Cook, Harris, Sanders, Penny, Fournette).

Only 4 running backs (all depth role players) were extended prior to the start of the league year (JaMycal Hasty, Ameer Abdullah, Salvon Ahmed, & Jonathan Williams). The four contracts combine for $1.25M guaranteed.

Five free agent running backs currently project to start for their respective team this season (Miles Sanders, David Montgomery, Alexander Mattison, Raheem Mostert, D'Onta Foreman), while 1 more (Bijan Robinson) will slot in as Atlanta's RB1 as the most recent #8 overall pick this year. The Eagles acquired D'Andre Swift from the Lions to lead their running back room this fall.

Elsewhere, three running backs were offered the $10.091M franchise tag this spring (Tony Pollard, Josh Jacobs, & Saquon Barkley). Of them, only Pollard has signed the tag at the time of this piece.

Cap Conversions
Four running backs had their contracts adjusted this spring for cap purposes. Gus Edwards, Alvin Kamara, & Christian McCaffrey all processed simple restructures, while Aaron Jones actually accepted a $5M cash pay cut to remain in Green Bay this season.

The RB Market
For the fourth straight offseason, no running back has been able to eclipse Christian McCaffrey's $16.015M average annual salary. The largest average salary contract signed by a running back in 2023 (franchise tags notwithstanding) went to Miles Sanders at $6.35M per year, nearly $10M less than the top of the market. In terms of guarantee, the 2023 breadwinner was Bijan Robinson's rookie contract, which guarantees him $22M over the next 4 seasons in Atlanta. From a veteran standpoint, Miles Sanders' $13M takes the cake, $25M less than McCaffrey's top figure. 

Free Agency Recap
28 running backs have signed free agent contracts thus far this offseason, combining for $121M of total value, with $54M (45%) of it guaranteed at signing.

Draft Recap
18 running backs were selected in the 2023 draft, including 7 in the Top 90 selections. Of the 23 running backs selected in 2022, 6 are already RB1s for their respective franchises, while at least three others have already proved to be valuable resources.

Related
2023 Free Agent Running Back Signings
2023 Running Back Contract Extensions
Top Running Back Financials

TEAM BY TEAM ANALYSIS

Arizona Cardinals

Atlanta Falcons

Baltimore Ravens

  • Converted $2.3M of Gus Edwards’ 2023 salary into signing bonus, clearing $2.8M of cap
  • Signed Justice Hill ($1.25M guaranteed) for a reserve role
  • Added UDFA Keaton Mitchell (East Carolina) to compete for a reserve role
  • Added UDFA Owen Wright (Monmouth) to compete for a reserve role

Buffalo Bills

  • Signed Damien Harris ($1M guaranteed) for a starting role
  • Signed Latavius Murray ($802,500 guaranteed) to compete for a reserve role
  • Added UDFA Jordan Mims (Fresno State) to compete for a reserve role

Carolina Panthers

Chicago Bears

Cincinnati Bengals

Cleveland Browns

  • Signed John Kelly to compete for a reserve role
  • Signed Nate McCrary to compete for a reserve role
  • Added UDFA Hassan Hall (Georgia Tech) to compete for a reserve role

Dallas Cowboys

  • Assigned starting RB Tony Pollard a $10M franchise tag
  • Released Ezekiel Elliott with a Post 6/1 Designation, clearing $10.9M of cap
  • Signed Ronald Jones II ($302,500 guaranteed) to compete for a starting role
  • Signed Rico Dowdle ($100,000 guaranteed) to compete for a reserve role
  • Drafted Deuce Vaughn (Round 6) to compete for a reserve role 

Denver Broncos

Detroit Lions

Green Bay Packers

  • Signed Tyler Goodson to compete for a reserve role
  • Starting RB Aaron Jones accepted a $5M pay cut for 2023, while also converting $8.52M of salary & roster bonus into signing bonus, clearing $11.816M of cap
  • Drafted Lew Nichols III (Round 7) to compete for a reserve role
  • Signed Emanuel Wilson to compete for a reserve role 

Houston Texans

Indianapolis Colts

  • Drafted Evan Hull (Round 5) to compete for a reserve role 

Jacksonville Jaguars

Kansas City Chiefs

Las Vegas Raiders

Los Angeles Chargers

Los Angeles Rams

  • Drafted Zach Evans (Round 6) to compete for a reserve role
  • Added UDFA Tiyon Evans (Louisville) to compete for a reserve role

Miami Dolphins

  • Extended Salvon Ahmed ($300,000 guaranteed) to compete for a reserve role
  • Re-signed Jeff Wilson ($2.6M guaranteed) for a starting role
  • Re-signed Raheem Mostert ($2.2M guaranteed) for a starting role
  • Re-signed Myles Gaskin to compete for a reserve role
  • Drafted Devon Achane (Round 3) to compete for a starting role
  • Added UDFA Chris Brooks (BYU) to compete for a reserve role

Minnesota Vikings

New England Patriots

New Orleans Saints

New York Giants

New York Jets

Philadelphia Eagles

  • Signed Kennedy Brooks to compete for a reserve role
  • Re-signed Boston Scott ($1M guaranteed)  to compete for a starting role
  • Signed Rashaad Penny ($600,000 guaranteed) to compete for a starting role
  • Acquired D'Andre Swift ($0 guaranteed) from Detroit to compete for a starting role

Pittsburgh Steelers

San Francisco 49ers

  • Converted $10.72M of Christian McCaffrey’s 2023 salary into signing bonus, clearing $8.576M of cap
  • Added UDFA Ronald Awatt (Texas El-Paso) to compete for a reserve role
  • Added UDFA Khalan Laborn (Marshall)  to compete for a reserve role

Seattle Seahawks

Tampa Bay Buccaneers

Tennessee Titans

Washington Commanders

Michael GinnittiJune 07, 2023

Despite back-to-back fairly mediocre seasons, Ed Oliver and the Buffalo Bills agreed to a 4 year, $68M contract extension this week, keeping the 25-year-old defensive tackle under term through the 2027 season. The deal tacks on to a previously exercised $10.753M option salary for 2023, combining to create a 5 year, $78.753M deal in total.

The Average Annual Value

In terms of new money/new years, Oliver’s extension rings in at $17M per year, good enough for 11th among active defensive tackle contracts.

Newly Signed Defensive Tackle AAVs
Jeffery Simmons, TEN, $23.5M
Daron Payne, WSH, $22.5M
Dexter Lawrence, NYG, $21.8M
Javon Hargrave, SF, $21M
Ed Oliver, BUF, $17M
Dalvin Tomlinson, CLE, $14.25M
David Onyemata, ATL, $11.6M

Expected upcoming contracts for Chris Jones, Quinnen Williams, Christin Wilkins, & Derrick Brown could push Oliver’s number out of the Top 15 shortly.

The Guarantee Structure

Oliver bags $24.5M fully guaranteed at signing, nearly $14M more than he was previously set to earn on his 5th-year option. The figure ranks 12th among veteran defensive tackle contracts, while the percentage guaranteed (36.07%) is one of the lowest figures currently on the books (Vita Vea, 20.75%).

The $24.5M derives from a $14.75M signing bonus (11th), his $2M 2023 salary, and $7.75M of 2024 compensation.

Things get better quickly for Oliver though, as another $7M of 2024 salary becomes fully guaranteed on February 12th, one day following the upcoming Super Bowl. Five days into the 2024 league year (March 17th), $8.25M of his 2025 salary fully guarantees.

If he’s on the roster for the 5th league day of 2025, another $5.5M of salary fully locks in, for a total $45.278M practically guaranteed, 6th most among active defensive tackles.

The Cash Flow

Oliver will see $16.778M in the first year of this new contract, which ranks 11th among active defensive tackle contracts, and represents a $6.025M raise from his previous compensation. Oliver’s deal includes $500,000 in attainable incentives for the 2023 season.

The $32.4M set to be earned through 2 years currently ranks 10th, as does the $47.128M of 3-year cash built into the contract. This 3 year payout represents the practical outcome for this contract based on guarantee structure, which calculates to a practical average annual value of $15.7M.

$31.6M of this contract (40%) lives in the final two “fluffy” years of this deal.

The Cap Hits

As with most multi-year extensions, Oliver’s new deal provides the team significant cap savings for the upcoming season. In this case, Buffalo frees up $5.775M of space, lower Oliver’s cap hit from $10.753M down to $4.978M.

2023: $4.978M
2024: $9.25M
2025: $20.75M
2026: $22.375M
2027: $21.4M

With the league salary cap set to increase at an extremely high rate over the next 3 seasons, there’s a very realistic possibility that Buffalo gets through the next 3 seasons without ever having to touch this Oliver contract for cap purposes.

The Potential Out

As stated above, the guarantee structure of this contract makes it a 3 year, $47.128M contract for practical purposes. Oliver will need to be on the roster for the 5th league day of 2026 to lock in any more early money (a $1.25M roster bonus).

Can the Bills get out before 2025? Yes, with a little cash on the side.

If Buffalo is forced to make this a one-and-done deal, releasing him after the 2023 season but before February 12th, they’ll owe him an additional $7.75M cash to do so. The Bills can designate Oliver a Post 6/1 release, carry his $9.25M cap hit through the spring, and split up the $19.55M of dead cap into $10.7M for 2024, $8.85M for 2025. Additionally, the $7.75M cash to be paid out contains offset language, so the Bills would be credited back for any earnings Oliver were to take in from another team in 2024.

If the Bills are forced to release Oliver after the 2024 season it will be a similar conversation, but the total dead cap to be dealt with is $26.475M, which includes $8.25M of guaranteed salary. Furthermore, Buffalo would need to carry a $20.75M cap hit through June 1st to designate him accordingly. Doable, but messy.

Assuming Oliver plays out the next three seasons of this contract, Buffalo will be able to outright release him in March of 2026 with a $12.15M dead cap hit, freeing up $10.2M of space immediately.

Add-Ons

As with all Buffalo contracts these days, Oliver’s contract isn’t as simple as a signing bonus and a biweekly paycheck.

Option Bonus
In addition to a $14.75M signing bonus, Oliver will earn a $12.5M bonus next March, assuming the Bills keep him on the active roster through the 2023-24 Super Bowl.

Per-Game Active Bonus
Starting in 2024 and through the remainder of the contract, Oliver will earn $25,000 every week that he’s on the active roster, for a maximum of $425,000 per year. Any weeks missed in 2023 will represent cap savings for the 2024 season.

Workout Bonus
Oliver will reel in a healthy $500,000 if he participates in the majority of Buffalo’s offseason program. 31 current Bills players have an offseason bonus built into their contract.

Incentives
Oliver’s deal contains $500,000 of incentives in 2023, then $750,000 of incentives each of 2024-2027. The specific details of these incentives have not yet been made available to us yet

Concluding Thoughts

The timing of this contract seems the most debatable part. The outside world (ourselves included) have had Oliver on the trade block for months, with Buffalo even retaining some of his 5th-year option salary to acquire a better draft pick.

The Bills zagged our zig, shelling out an above average, but nowhere near top of the market, contract for their former #9 overall pick.

In the grand scheme of things, this contract offers very little risk. Assuming this is a 3 years and out scenario as we’ve laid out here, Oliver will account for $47.1M of cap and cash through 2026 (including the dead cap to be taken on that year). If the league salary cap soars to at or around $240M in 2024, Oliver will represent less than 4% of that. A franchise tag for Oliver in 2024 would account for around 9% of the league cap.

Best Case Scenario: Buffalo gets the most out of Oliver in 2023, and they have a bonafide center of the defensive line player under term through 2027, at less than $16M per year (half of what the Top DT market will be by then).

Michael GinnittiJune 07, 2023

Our first annual NFL Movement Series begins with the QB position, highlighting every move - every team - has made at the position since the beginning of the new league year.

QB1 Movement
Thus far, 5 QB1s have been extended (Jalen Hurts, Jordan Love, Lamar Jackson, Daniel Jones, Geno Smith), while two more (Joe Burrow, Justin Herbert) are in active negotiations for their next contract.

At least 2 free agents (Derek Carr, Jimmy Garoppolo) will open Week 1 as a starting QB, with two more (Gardner Minshew, Baker Mayfield) in the fold as well. Three newly drafted QBs (Bryce Young, C.J. Stroud, Anthony Richardson) are in the running to open the season as their team's QB1, while Aaron Rodgers is currently the only QB acquired via trade who will take the opening snap in 2023. And of course 1 QB1, Tom Brady, officially (officially) retired.

Based on current projections, 12 NFL teams are set to run a brand new QB1 onto the field this season in comparison to last year Week 1.

Cap Conversions
5 QB1 contracts have had cap conversions processed this offseason, none larger than the $45M salary to bonus transfer that Deshaun Watson received from the Browns (what will become an annual tradition like no other).

The QB Market
Financially speaking the QB market jumped from $50.1M to at least $52M per year (likely more after additional extensions hit the books). Based on an AAV/League Cap comparison, elite QBs are now chiming in at nearly 25%, which means a salary cap jump to $240M next season could equate to $60M per year contracts within the next 12 months. The going guaranteed rate for an elite QB is now approaching $200M from a practical standpoint, $140M fully guaranteed at signing.

Related:
2023 Free Agent Quarterback Signings
2023 Quarterback Contract Extensions

TEAM BY TEAM ANALYSIS

Arizona Cardinals

Atlanta Falcons

Baltimore Ravens

Buffalo Bills

  • Converted $26.4M of Josh Allen’s salary into signing bonus, clearing $21M of cap space
  • Signed Kyle Allen ($350,000 guaranteed) to compete for the QB2 role
  • Re-signed Matt Barkley ($235,200 guaranteed) to compete for the QB2 role

Carolina Panthers

  • Signed Andy Dalton ($8M guaranteed) for the QB2 role
  • Drafted Bryce Young (#1 overall) for the (assumed) QB1 role

Chicago Bears

Cincinnati Bengals

Cleveland Browns

Dallas Cowboys

  • Converted $29.2M of Dak Prescott’s 2023 salary into signing bonus, clearing $22M of cap
  • Signed Cooper Rush ($2.75M guaranteed) for the QB2 role

Denver Broncos

Detroit Lions

Green Bay Packers

Houston Texans

  • Signed Case Keenum ($4M guaranteed) for a reserve role
  • Drafted C.J. Stroud (#2 overall) for the assumed QB1 role

Indianapolis Colts

Jacksonville Jaguars

Kansas City Chiefs

Las Vegas Raiders

Los Angeles Chargers

  • Signed Easton Stick to a 1-year extension ($1.15M guaranteed) for the QB2 role
  • Exercised a $29.5M 5th-year option for QB1 Justin Herbert, and are actively negotiating a multi-year extension with him
  • Drafted Max Duggan (Round 7) to compete for a reserve role

Los Angeles Rams

Miami Dolphins

Minnesota Vikings

  • Converted Kirk Cousins’ $20M roster bonus into signing bonus, clearing $16M of cap
  • Signed Nick Mullens ($1.9M guaranteed) for the QB2 role
  • Drafted Jaren Hall (Round 5) to compete for a reserve role

New England Patriots

New Orleans Saints

New York Giants

  • Extended Daniel Jones ($81M guaranteed) for the QB1 role
  • Added UDFA Tommy DeVito (Illinois) to compete for a reserve role

New York Jets

Philadelphia Eagles

Pittsburgh Steelers

San Francisco 49ers

  • Signed Sam Darnold ($3.5M guaranteed) to compete for a QB role
  • Signed Brandon Allen ($200,000 guaranteed) to compete for a reserve role

Seattle Seahawks

  • Extended QB1 Geno Smith ($27.3M guaranteed)
  • Re-signed Drew Lock ($1.75M guaranteed) for the QB2 role
  • Added Holton Ahlers (East Carolina) to compete for a reserve role

Tampa Bay Buccaneers

Tennessee Titans

  • Drafted Will Levis (Round 2) to compete for the QB2 role

Washington Commanders

Michael GinnittiJune 06, 2023

As offseason workouts turn into minicamps for most NFL teams, the conversations financially speaking often turn to extending from within this time of year. We'll take a look at the status, calculated value, and our prediction for each of the 2019 first round picks who are now extension eligible for the first time in their careers.

Disclaimer: For practical purposes, when referencing the current top AAV & Guarantee figures for Quarterbacks & Interior Defensive Linemen, we've excluded Deshaun Watson (*) and Aaron Donald (**) for this exercise.

#1 Joe Burrow (QB, Bengals)

Burrow has done everything he’s been asked to do and then some, including doubling his production as a scrambling/running QB last season.

Calculated Valuation: $53.7M per year
Current Position Max AAV: $52M (L. Jackson)
Current Position Max Guarantee: $185M (L. Jackson)*

Prediction: Burrow signs a 6 year, $315M extension (8 years, $350M total), including $200M practically guaranteed.

#2 Chase Young (DE, Commanders)

The Commanders recently declined a $17.45M 5th-year option for Young, making 2023 a contract year for the 24-year-old. He’s seen action in just 12 games over the past two seasons, but a healthy, productive year can certainly change things quickly

Calculated Valuation: $17.8M per year
Current Position Max AAV: $28M (T. Watt)
Current Position Max Guarantee: $102M (J. Bosa)

Prediction: No extension. Young’s injury history makes an early extension unlikely, but a clean 2023 leads to a franchise tag next February with options to build on from there.

#3 Jeff Okudah (CB, Falcons)

The Lions traded Okudah to Atlanta this spring, after his healthiest and most productive season to date. There’s a world where he hits the ground running for the Falcons, and with free agency in front of him next March, it would be the perfect time for it.

Calculated Valuation: $14.7M per year
Current Position Max AAV: $20.1M (D. Ward)
Current Position Max Guarantee: $71.25M (D. Ward)

Prediction: No extension. We’re a long way from a multi-year guarantee offer here, but a young and hungry Falcons’ team could be exactly what the doctor ordered to reinvigorate Okudah’s career.

#4 Andrew Thomas (LT, Giants)

The #3 graded offensive tackle for 2022 according to PFF becomes extension eligible at the perfect time. A much improved team, a QB1 with a new contract, and three straight years of exponential improvement on the books. 

Calculated Valuation: $21.4M per year
Current Position Max AAV: $25M (L. Tunsil)
Current Position Max Guarantee: $64M (R. Stanley)

Prediction: Back up the brinks truck. The Giants don’t necessarily have to rush this, as Thomas’ final two rookie contract years currently align with Daniel Jones’ practical guarantees, but locking in a franchise left tackle for the foreseeable future is never bad business. Thomas signs a 4 year, $88M extension ($107M over 6 years) that includes $60M practically guaranteed.

#5 Tua Tagovailoa (QB, Dolphins)

So much focus (rightfully so) has been placed on Tua’s head injury history, but the production he accumulated on the field in 13 games last season (25 TD, 8 INT, 105 Passer Rating) would have warranted a serious conversation about a multi-year extension. It seems logical that Miami will want to see a full, healthy year before they pull that trigger though.

Calculated Valuation: $45M per year
Current Position Max AAV: $52M (L. Jackson)
Current Position Max Guarantee: $185M (L. Jackson)*

Prediction: No extension (yet). Tua plays out 2023, with a fully guaranteed $23.1M already on the books for 2024, giving Miami time.

#6 Justin Herbert (QB, Chargers)

It’s easy to look at Herbert’s 3-year stat lines and notice a decline in 2022 production. But an elbow injury thwarted his ability to operate as the deadly deep ball passer that he is for much of last season, forcing a shorter, more efficient gameplan. There’s zero reason to wait on this contract (unless you’re waiting for Burrow’s numbers to hit first from Herbert’s standpoint).

Calculated Valuation: $50.8M per year
Current Position Max AAV: $52M (L. Jackson)
Current Position Max Guarantee: $185M (L. Jackson)*

Prediction: Herbert locks in a 4 year, $210M extension, including a non-Deshaun record $140M fully guaranteed at signing.

#7 Derrick Brown (DT, Panthers)

Brown really took a big step forward in 2022, especially as it pertains to the run-stuffing game. He’s only amassed 6 sacks in 3 seasons, but he’s developed into a Top 10 interior defensive lineman regardless.

Calculated Valuation: $17.5M per year
Current Position Max AAV: $23.5M (J. Simmons)**
Current Position Max Guarantee: $60M (C. Jones/D. Lawrence)**

Prediction: No extension (yet). Brown is on his way, and the defensive tackle market has taken off this spring. But the Panthers are close to turning a corner here, and should be in evaluation mode more than extending mode for the next few months. It’s not hard to imagine $50M guaranteed in Browns’ next calendar year though.

#8 Isaiah Simmons (LB/CB, Cardinals)

Arizona declined Simmons’ $12.7M 5th-year option for 2024, making this upcoming season a contract year for the 24-year-old. He’s a fill up the stat line type player that might have just been drafted into the wrong defense at the wrong time.

Calculated Valuation: $16.5M per year
Current Position Max AAV: $20M (R. Smith)
Current Position Max Guarantee: $60M (R. Smith)

Prediction: Simmons is traded in the coming weeks, further establishing a massive rebuild on the fly in Arizona.

#9 C.J. Henderson (CB, Panthers)

The Jags traded Henderson to Carolina after just 1, injury-filled season. While he’s shown improvement, he’s nowhere near the level of player Jacksonville thought they were getting at #9.

Calculated Valuation: $8.4M per year
Current Position Max AAV: $20.1M (D. Ward)
Current Position Max Guarantee: $71.25M (D. Ward)

Prediction: No extension. Henderson will play out his 1 year, $3.4M contract and walk into free agency next March.

#10 Jedrick Wills (LT, Browns)

The Browns exercised Wills’ $14.1M 5th-year option for 2024 last month, putting him on track to negotiate an extension over the next calendar year. While he hasn’t risen to elite blindside tackle status, he seems a worthy candidate to stick around for Deshaun Watson’s tenure.

Calculated Valuation: $19M per year
Current Position Max AAV: $25M (L. Tunsil)
Current Position Max Guarantee: $64M (R. Stanley)

Prediction: No extension (yet). The Browns are still trying to fill out their 2023 roster, so adding cap to Year 4 of this rookie deal makes little sense right now. Extending out of his $14M salary next March seems the right approach.

#11 Mekhi Becton (RT, Jets)

After back to back injury-filled seasons, the Jets declined Becton’s $13.5M option for 2024, making this upcoming season a contract year for the 24 year old. He’ll have a chance to secure his role at right tackle in front of Aaron Rodgers.

Calculated Valuation: $12.9M per year
Current Position Max AAV: $20.1M (L. Johnson)
Current Position Max Guarantee: $60.2M (R. Ramczyk)

Prediction: No extension. Right tackles have done extremely well on the open market the past few offseasons, so Becton’s financial career is far from toast, provided he can stay on the field in 2023.

#12 Henry Ruggs (WR, Raiders)

Not active.

#13 Tristan Wirfs (OT, Buccaneers)

After 3 seasons of elite right tackle play, the Bucs will flip Wirfs to the blindside this season, further enhancing his next contract value (assuming he can sustain his level of play on the opposite side of the line).

Calculated Valuation: $24.7M per year
Current Position Max AAV: $25M (L. Tunsil)
Current Position Max Guarantee: $64M (R. Stanley)

Prediction: Historic. Wirfs signs a 4 year, $102M extension, including $66M practically guaranteed.

#14 Javon Kinlaw (DT, 49ers)

San Francisco declined Kinlaw’s $10.4M option for 2024, making this upcoming season a contract year for the 25 year old. Javon Hargrave’s splashy free agent signing seems to have written the writing on the wall here.

Calculated Valuation: $5.4M per year
Current Position Max AAV: $23.5M (J. Simmons)**
Current Position Max Guarantee: $60M (C. Jones/D. Lawrence)**

Prediction: No extension. Kinlaw finds a 2-3 year deal around $7M per year on the open market next season to reestablish himself elsewhere.

#15 Jerry Jeudy (WR, Broncos)

Denver exercised a $12.9M extension for 2024, affording them time to further assess their offense (most notably their QB1). With Courtland Sutton and Tim Patrick both under multi-year extensions already, it might be difficult to justify a long-term deal for Jeudy right now, but he just finished his most productive season to date, and could be in for even bigger numbers this upcoming year.

Calculated Valuation: $20.1M per year
Current Position Max AAV: $30M (T. Hill)
Current Position Max Guarantee: $75M (C. Kupp)

Prediction: The Broncos sign Jeudy to a 4 year, $88M extension, including $50M practically guaranteed.

#16 A.J. Terrell (CB, Falcons)

Atlanta exercised Terrell’s $12.3M option for 2024, putting him fully guaranteed at nearly $15M over the next two seasons. He was one of the best coverage defenders in all of football for the 2021 season, but fell back down to earth a bit last year. Atlanta has invested heavily on the defensive side of the ball this spring, and Terrell might bank on that (literally) next March.

Calculated Valuation: $20M per year
Current Position Max AAV: $20.1M (D. Ward)
Current Position Max Guarantee: $71.25M (D. Ward)

Prediction. Not yet. Atlanta needs to see what they have in a lot of areas before committing too much down the line. A lot of smart people believe the Falcons young core will come together quickly, which should mean $50M+ guaranteed for Terrell in the next calendar year.

#17 CeeDee Lamb (WR, Cowboys)

Dallas has their eyes on new deals for CB Diggs, QB Prescott, T Steele, & of course Lamb, who unsurprisingly had a career year in 2022 after Amari Cooper was shipped to Cleveland. It’s not a matter of if here, only when.

Calculated Valuation: $22.5M per year
Current Position Max AAV: $30M (T. Hill)
Current Position Max Guarantee: $75M (C. Kupp)

Prediction: The Cowboys lock in Lamb to a 4 year, $105M extension, including $63M practically guaranteed - making him the highest average paid and guaranteed rookie extended WR in history.

#18 Austin Jackson (RT, Dolphins)

Miami declined Jackson’s $14.1M option for 2024, making this a contract year for the 24 year old. He still projects as the Week 1 starting right tackle for the Dolphins, but added depth on the roster could change that quickly.

Calculated Valuation: $10.6M per year
Current Position Max AAV: $20.1M (L. Johnson)
Current Position Max Guarantee: $60.2M (R. Ramczyk)

Prediction: No extension. Miami’s in win-now mode, and they’ll be allocating resources all over the roster to remain that way for as long as possible. Jackson should hit the open market next March.

#19 Damon Arnette (CB)

Not active.

#20 K’Lavon Chaisson (EDGE, Jaguars)

Jacksonville declined a $12.1M option for 2024, and Chaisson’s role has been reduced in each of the past two seasons.

Calculated Valuation: $3M per year
Current Position Max AAV: $28M (T. Watt)
Current Position Max Guarantee: $102M (J. Bosa)

Prediction: Chaisson is traded prior to training camp, as Jacksonville looks to free up a little cap/cash for a few monster deals waiting for them next March.

#21 Jalen Reagor (WR, Vikings)

The Vikings acquired Reagor from Philly last August, but declined his $12.9M option for 2024 after just 8 catches and 4 fumbles last season.

Calculated Valuation: $4.6M per year
Current Position Max AAV: $30M (T. Hill)
Current Position Max Guarantee: $75M (C. Kupp)

Prediction: No extension. Reagor will play out his fully guaranteed $2.4M salary, and may be a trade deadline candidate come Halloween.

#22 Justin Jefferson (WR, Vikings)

Kirk Cousins is on an expiring contract, Dalvin Cook may be off the roster by the team you read this, and yet the Vikings’ chance in the NFC North is as good as it’s ever been with Aaron Rodgers out the door. Somebody’s going to give Justin Jefferson an historic contract, but that team might not be Minnesota?

Calculated Valuation: $26.7M per year
Current Position Max AAV: $30M (T. Hill)
Current Position Max Guarantee: $75M (C. Kupp)

Prediction: Kirk Cousins & Justin Jefferson both sign extensions this summer, refortifying the Vikings as annual contenders in the NFC North. In Jefferson’s case, a 4 year, $110M contract with $75M practically guaranteed should get it done.

#23 Kenneth Murray (LB, Chargers)

LA declined Murray’s $11.7M option for 2024, making this upcoming season a contract year, and putting his future with the Chargers very much in question.

Calculated Valuation: $4.3M per year
Current Position Max AAV: $20M (R. Smith)
Current Position Max Guarantee: $60M (R. Smith)

Prediction: No extension. Murray has a solid 2023 in the middle of a good Chargers defense, and hits the open market looking to establish his value with a T.J. Edwards type deal (3 years, $20M).

#24 Cesar Ruiz (C/G, Saints)

The #24 overall pick never really found his footing through three seasons, despite playing almost every offensive snap over the course of the past two years. He projects to be the Week 1 starting right Guard, so there’s time to build up value as free agency nears.

Calculated Valuation: $10M per year
Current Position Max AAV: $20.5M (C. Lindstrom)
Current Position Max Guarantee: $60M (Q. Nelson)

Prediction: No extension. The Saints are hoping 2023 4th rounder Nick Saldiveri can slot into this role next season.

#25 Brandon Aiyuk (WR, 49ers)

Aiyuk’s career has been steadily above average, culminating with a career season in 2022 (78 grabs, 1,015 yards, 8 TDs). San Francisco likely makes him get there again before seriously considering a long-term extension.

Calculated Valuation: $18M per year
Current Position Max AAV: $30M (T. Hill)
Current Position Max Guarantee: $75M (C. Kupp)

Prediction: No extension (yet). The 49ers have already fed a lot of mouths, and Nick Bosa’s extension remains a priority this summer. Aiyuk can force this conversation next February with another big year.

#26 Jordan Love (QB, Packers)

Technically he’s already been extended, though the 2 year, $15.8M contract currently on the books in Green Bay actually represents a $6.7M loss of base value from his previous 2023 salary + potential option. For all intents and purposes, this is still a showcase season for Love, with a true multi-year extension negotiation waiting for him in March if he answers the bell.

Calculated Valuation: TBD
Current Position Max AAV: $52M (L. Jackson)
Current Position Max Guarantee: $185M (L. Jackson)*

Prediction: With the restructure in place, we’ll reserve our prediction for after 2023.

#27 Jordyn Brooks (LB, Seahawks)

Seattle declined Brooks’ $12.7M option for 2024, making this a contract year for the 25 year old. He’s a tackle machine, but is currently recovering from a torn ACL, with a timetable to return still unknown. There’s still a very real world where Brooks fully recovers, and is offered a bigtime contract next March.

Calculated Valuation: $13.8M per year
Current Position Max AAV: $20M (R. Smith)
Current Position Max Guarantee: $60M (R. Smith)

Prediction: No Extension. Seattle needs to wait out this ACL rehab before considering a long-term future, but Fred Warner’s $19M could be in the cards down the line here.

#28 Patrick Queen (LB, Ravens)

The Ravens declined Queen’s $12.7M option for 2024, but are also publicly stating their hopes of extended the 23 year old. In other words, “we already have this other guy (Roquan Smith), so if you’ll stick around for much less money, we’ll definitely pay you”.

Calculated Valuation: $16.9M per year
Current Position Max AAV: $20M (R. Smith)
Current Position Max Guarantee: $60M (R. Smith)

Prediction: Queen sticks around for 2023, but walks into free agency hoping to follow in Tremaine Edmunds’ footsteps. (4 years, $72M, $50M guaranteed).

#29 Isaiah Wilson (T)

Not active.

#30 Noah Igbinoghene (CB, Dolphins)

The Dolphins declined Igbinoghene’s $13.2M 5th-year option, and are poised to run him out fairly deep down the depth chart in 2023. At $2.1M guaranteed, he’s likely worth keeping around, but don’t be surprised if a late round pick trade is processed sometime this summer.

Calculated Valuation: $3.8M per year
Current Position Max AAV: $20.1M (D. Ward)
Current Position Max Guarantee: $71.25M (D. Ward)

Prediction: No extension, fringe trade candidate this summer.

#31 Jeff Gladney (CB)

Deceased.

#32 Clyde Edwards-Helaire (RB, Chiefs)

It was a swing and a miss. It happens. Kansas City declined CEH’s $5.4M option for 2024, putting him on a 1 year, $2M guaranteed contract through the end of the upcoming season. There are two teams currently heading into the summer with starting running backs operating under unsigned franchise tags (Raiders, Giants). With either of them offer a late rounder to bring in CEH as insurance?

Calculated Valuation: $3.9M per year
Current Position Max AAV: $16M (C. McCaffrey)
Current Position Max Guarantee: $38.1M (C. McCaffrey)

Prediction: No extension, no trade, CEH is a healthy scratch for half of 2023 and walks into free agency next March.

Michael GinnittiJune 02, 2023

With most NFL rosters now boasting the maximum 90 players, the time to start considering the road to 53 for 2023, and which players might be "showcasing" themselves for a potential trip to free agency or the trade block next March is here. We've identified a contract from each NFL roster that carries some form of question mark hanging over it.

RELATED:
Active NFL Contracts
2024 NFL Free Agents

 

Kyler Murray (QB, 25)

Total Contract: 7 years, $265,685,000
Practical Guarantee: $159,797,000
Contract Remaining: 6 years, $235,685,000
Guarantee Remaining: $129,797,000

Murray's injury, combined with a complete overhaul of the front office and coaching staff, appears to have converted the Cardinals into a mini blow-it-up phase - despite $130M of guarantee remaining on their QB1's contract. New GM Monti Ossenfort has plenty of work to do to turn the corner on this blockbuster contract. Murray could have been playing out the 5th year option on his rookie contract in 2023.

Jonnu Smith (TE, 27)

Total Contract: 4 years, $50,000,000
Practical Guarantee: $31,250,000
Contract Remaining: 2 years, $15,000,000
Guarantee Remaining: $8,500,000

The good news for Atlanta? New England paid off the overpay part of this contract across the past two seasons, leaving the Falcons with 1 year, $8.5M contract for practical purposes. He'll pair with TE phenom Kyle Pitts this year for what should be a much improved Atlanta roster.

Roquan Smith (LB, 26)

Total Contract: 5 years, $100,000,000
Practical Guarantee: $60,000,000
Contract Remaining: 5 years, $100,000,000
Guarantee Remaining: $60,000,000

After opting against paying C.J. Mosley a top of the market off-ball linebacker contract just a few years back, Baltimore pivoted by acquiring, then extending Roquan Smith this winter. He's an elite player, but this is increasingly become a position that teams aren't choosing to pay top dollar for.

Von Miller (EDGE, 34)

Total Contract: 6 years, $120,000,000
Practical Guarantee: $51,435,000
Contract Remaining: 5 years, $100,000,000
Guarantee Remaining: $31,790,000

The breadwinner contract of 2022 free agency, Miller played just 11 weeks for the Bills last season, and his knee injury is expected to sideline him through most of the summer - potentially even longer. The 34-year-old is fully guaranteed through the next year and half, but it's not inconceivable to worry that Miller won't ever return to even above average form from here out.

Miles Sanders (RB, 26)

Total Contract: 4 years, $25,400,000
Practical Guarantee: $13,000,000
Contract Remaining: 4 years, $25,400,000
Guarantee Remaining: $13,000,000

Sanders' $25M total value contract is $7M more than any other running back received this past free agent season, while the $13M fully guaranteed sits $2M above these deals (Montgomery, $11M). The 26-year-old should be able to produce at a high level for the next two seasons, and quite frankly, every pending or prospective free agent running back is relying on it.

Tremaine Edmunds (LB, 25)

Total Contract: 4 years, $72,000,000
Practical Guarantee: $50,000,000
Contract Remaining: 4 years, $72,000,000
Guarantee Remaining: $50,000,000

The Bills knew they were likely going to get outpriced on Edmunds' this free agency, but I'm not sure anyone saw $50M fully guaranteed coming. Age (25) is very much on his side here, as is a Chicago team looking for leadership and a core to build around on the defensive side of the ball. There's reason to believe this will be a great fit for the next 3+ years, but anytime an off-ball linebacker contract like this comes in, there's risk involved.

La'el Collins (RT, 29)

Total Contract: 3 years, $21,000,000
Practical Guarantee: $5,000,000
Contract Remaining: 2 years, $14,000,000
Guarantee Remaining: $0

Collins latched on last March but suffered a torn ACL and MCL around Christmas, torpedoing any kind of value that the Bengals were hoping to gain out of this contract. With no future guarantee remaining, there's a chance Cincinnati opts to move on once Collins can pass a physical.

Deshaun Watson (QB, 27)

Total Contract: 5 years, $230,000,000
Practical Guarantee: $230,000,000
Contract Remaining: 4 years, $184,000,000
Guarantee Remaining: $184,000,000

Obviously. The only way this contract even begins to hold up is with a Super Bowl parade in Cleveland, and even that won't soften the anger that 31 other franchises currently have with how last March went down.

Michael Gallup (WR, 27)

Total Contract: 5 years, $57,500,000
Practical Guarantee: $27,000,000
Contract Remaining: 4 years, $44,700,000
Guarantee Remaining: $15,000,000

Gallup's return to Dallas on just $27M fully guaranteed was a bit of a shocker, but it's likely the Cowboys had knowledge that he wasn't going to be the same player in return from a torn ACL. Dallas can move off of this 4 year contract after 2023 with no future salary to be paid out.

Russell Wilson (QB, 34)

Total Contract: 7 years, $296,000,000
Practical Guarantee: $161,000,000
Contract Remaining: 6 years, $239,000,000
Guarantee Remaining: $104,000,000

Mulligan? Year 1 of the Russ + Broncos experiment included $57M cash, and not a lot of success on the field. Sean Payton is poised to change that over the course of the next three seasons, when Wilson will earn a fully guaranteed $104M.

Romeo Okwara (DE, 27)

Total Contract: 3 years, $37,000,000
Practical Guarantee: $25,000,000
Contract Remaining: 1 year, $2,500,000
Guarantee Remaining: $0

The long-time Lion hasn't been able to stay healthy since 2020, sinking any potential value built into the first 2 years, $26M of his most recent extension. Okwara accepted a paycut down to just $2.5M for 2023 in order to stick around, but he'll be headed for free agency next March.

David Bakhtiari (LT, 31)

Total Contract: 5 years, $108,000,000
Practical Guarantee: $61,500,000
Contract Remaining: 2 years, $38,900,000
Guarantee Remaining: $0

Bakhtiari is 2 years removed from being graded one of the best offensive lineman in all of football, so to look at this contract as a failure wouldn't be doing it justice. With that said, he's seen action in only 24 games across the last three seasons, despite earning north of $69M in that period of time. Green Bay converted most of his 2023 salary into signing bonus already, so he'll be on Jordan Love's blindside in 2023, but a $40.4M cap hit in 2024 puts everything in question from here out.

C.J. Stroud (QB, 21)

Total Contract: 4 years, $36,279,243
Practical Guarantee: $36,279,243
Contract Remaining: 4 years, $36,279,243
Guarantee Remaining: $36,279,243

The reality here is that the Texans don't have enough viable multi-year contracts to really do any sort of financial damage this year. Their two largest contracts ($75M for LT Tunsil, $36M for G Mason) were both intelligent deals with the knowledge that a rookie QB1 was about to take over. Stroud won't have to do more than show he can handle the speed of the NFL game in 2023, and if he does - look for Houston to go wild in free agency over the next two seasons.

Matt Gay (K, 29)

Total Contract: 4 years, $22,500,000
Practical Guarantee: $13,000,000
Contract Remaining: 4 years, $22,500,000
Guarantee Remaining: $13,000,000

Matt Gay signed a larger free agent contract than every running back not named Miles Sanders this offseason. Indy is carrying a rookie deal QB1, a rookie deal RB1, and a few rookie deal WRs into 2023, so overspending on a proven kicker (93%+ field goals each of the past two seasons) might end up being good business, despite what can be considered an eye-test overpay from the get go.

Cam Robinson (OT, 27)

Total Contract: 3 years, $54,000,000
Practical Guarantee: $33,000,000
Contract Remaining: 2 years, $35,000,000
Guarantee Remaining: $0

This was supposed to a nice story. Former high draft pick plays out a franchise tag, shows enough to warrant a multi-year extension out of a 2nd franchise tag, and becomes a formidble left tackle for one of the great young QBs in the game for years to come. A Spring PED suspension has derailed that line of thinking, at least temporarily. It also voided the guarantee on his $16M salary for 2023. Robinson will forfeit $933,000 per suspended game this season, and he'll be forced to pay back $277,777 per game missed in earned signing bonus due to the violation.

Jawaan Taylor (OT, 25)

Total Contract: 4 years, $80,000,000
Practical Guarantee: $60,000,000
Contract Remaining: 4 years, $80,000,000
Guarantee Remaining: $60,000,000

To be frank here, it was extremely difficult to find a contract on this Chiefs roster that "scared us". Winning does a lot for a franchise, but providing leverage to sign fair or under-market contracts is definitely one of the bigger perks. If Taylor signed a 3 year, $60M practical deal with the knowledge that he would be a Right Tackle in KC - then he's done extremely well for himself. But if there's even a chance that after 2023, he converts over to cover Patrick Mahomes' blindside, then this contract will be underserving his role. What a nice problem for the Chiefs to have.

Chandler Jones (DE, 33)

Total Contract: 3 years, $51,000,000
Practical Guarantee: $32,000,000
Contract Remaining: 2 years, $34,000,000
Guarantee Remaining: $16,000,000

The Raiders had a plethora of needs last March, but bookending Maxx Crosby with a 32+ year old edge rusher at $34M guaranteed probably shouldn't have been as high on the list as it appeared to be. Jones had a fine year, just not one that matches the need + the contract. He's fully guaranteed through 2023, with a clear out available thereafter.

J.C. Jackson (CB, 27)

Total Contract: 5 years, $82,500,000
Practical Guarantee: $40,000,000
Contract Remaining: 4 years, $54.500,000
Guarantee Remaining: $12,000,000

Always reluctant to question a contract based on injury, but when one of the largest total value free agent contracts of the spring falls flat on its face immediately, it generates cause for concern (Jackson's deal was 2nd only to Von Miller, who also finds himself on this list). As this deal was slightly front-loaded, the Chargers now get Jackson on 2 years, $26M guaranteed through 2025 to try to resurrect his role and stature on LA's defense.

Joseph Noteboom (OT, 27)

Total Contract: 3 years, $40,000,000
Practical Guarantee: $25,000,000
Contract Remaining: 2 years, $28,500,000
Guarantee Remaining: $13,500,000

Replacing Andrew Whitworth was never going to be easy, and a heck of a lot of things went wrong for the Rams last season, but it doesn't appear as though Noteboom is going to be the long term answer for LAR at left tackle, despite $25M fully guaranteed through 2023. The Rams will have until the 5th league day of 2024 to make a decision on this contract going forward.

Jason Sanders (K, 27)

Total Contract: 6 years, $22,920,000
Practical Guarantee: $7,520,000
Contract Remaining: 4 years, $15,200,000

Guarantee Remaining: $0

The Dolphins have signed and acquired a LOT of contracts over the past two offseasons, so to have their biggest question mark deal come down to the kicking position is a testament to how well the recent rebuild has gone to date. Sanders' FG% has been in the 70s the past two seasons, and with all of the guarantees on this contract now expired, it's safe to say this is a bubble deal going forward.

Dalvin Cook (RB, 27)

Total Contract: 6 years, $64,284,650
Practical Guarantee: $28,125,000
Contract Remaining: 3 years, $37,000,000
Guarantee Remaining: $2,000,000

Cook might be released out of this contract by the time you're reading this, but for now, $2M of his $11M compensation in 2023 is fully guaranteed with no future early bonuses or guarantees remaining through 2025. It might be Alexander Mattison time in Minnesota.

Hunter Henry (TE, 28)

Total Contract: 3 years, $37,500,000
Practical Guarantee: $25,000,000
Contract Remaining: 1 year, $10,500,000
Guarantee Remaining: $0

After a really strong first campaign in New England for the 2021 season (50 catches, 600 yards, 9 TDs), Henry's production fell off of a cliff in 2022, putting his $10.5M owed for 2023 in question. The Patriots most likely see this out, letting Henry walk back into free agency next March just before he hits age 30.

Andrus Peat (G, 29)

Total Contract: 5 years, $57,500,000
Practical Guarantee: $33,850,000
Contract Remaining: 1 year, $5,500,000
Guarantee Remaining: $0

Almost nothing has gone well for Peat within this 5 year contract. So much so, he and the Saints agreed to lop off the final year of the contract, and lower his 2023 compensation down to $5.5M. He'll hit the open market next March outside of a miraculous turn around in front of Derek Carr this season.

Daniel Jones (QB, 26)

Total Contract: 4 years, $160,000,000
Practical Guarantee: $92,000,000
Contract Remaining: 4 years, $160,000,000
Guarantee Remaining: $92,000,000

While things are trending upward for the Giants, there are still plenty of unknowns surrounding both Jones, and the roster as a whole. One thing that's for certain? Daniel Jones will see a minimum of $81M over the next 2 seasons, for better or for worse.

Laken Tomlinson (G, 31)

Total Contract: 3 years, $40,000,000
Practical Guarantee: $23,900,000
Contract Remaining: 2 years, $26,100,000
Guarantee Remaining: $10,000,000

Year 1 of a 3 year deal in New York didn't go as planned, but with $10M fully guaranteed for 2023, he'll get the opportunity to rebound with Aaron Rodgers at the helm.Tomlinson's cap hit soars to $18.88M in 2024, so it's likely a make or break year.

Jordan Mailata (LT, 26)

Total Contract: 5 years, $69,650,000
Practical Guarantee: $40,850,000
Contract Remaining: 3 years, $50,800,000
Guarantee Remaining: $15,000,000

The Eagles contract to production ratio across the board is nearly flawless right now. Mailata finds himself here due to a slight regression in 2023 after back to back outstanding campaigns. Any sort of bounce back in the upcoming season will more than justify at least two more years on this deal.

Chris Boswell (K, 32)

Total Contract: 5 years, $23,325,000
Practical Guarantee: $12,500,000
Contract Remaining: 4 years, $13,500,000
Guarantee Remaining: $0

After three straight seasons with a 90% or better field goal hit rate, Boswell's 2022 figure dropped to under 70%, despite reeling in nearly $10M cash last season. His salaries flatten out from here, including $4M for 2023, and no early guarantees thereafter.

Trey Lance (QB, 23)

Total Contract: 4 years, $34,105,275
Practical Guarantee: $34,105,275
Contract Remaining: 2 years, $9,071,194
Guarantee Remaining: $9,071,194

$9M guaranteed remaining for a potential franchise quarterback isn't usually cause for concern, but with so much uncertainty at the most important position in football, it's hard not put Lance's status in question. If Brock Purdy can regain and hold the starting gig again in 2023, look for Lance to loudly hit the trade block next March, just before his 5th year option decision will need to be made.

Jamal Adams (S, 27)

Total Contract: 5 years, $80,440,000
Practical Guarantee: $38,000,000
Contract Remaining: 3 years, $45,000,000
Guarantee Remaining: $2,560,000

Two first round picks, a third round pick, and $39M cash. That's what the Seahawks have given up for 25 Jamal Adams games over the past 3 seasons. Unfortunately his recovery from recent injury currently comes with no timeline for return, so Seattle is at risk of handing out another $11M cash this season with very little production in return. Adams' contract offers a clear out after 2023, with $14.2M of dead cap against a $23.6M cap hit.

Russell Gage (WR, 27)

Total Contract: 3 years, $30,000,000
Practical Guarantee: $20,000,000
Contract Remaining: 2 years, $17,000,000
Guarantee Remaining: $7,000,000

The Buccaneers have trimmed most of their contractual fat this offseason, leaving behind a few potential rebound scenarios (Ryan Jensen, Shaq Barrett). Gage has been productive for the Bucs, but as a clearcut #3 option in the passing game, $20M guaranteed seems more than a team should be willing to bite off.

Ryan Tannehill (QB, 34)

Total Contract: 4 years, $118,000,000
Practical Guarantee: $91,000,000
Contract Remaining: 1 years, $27,000,000
Guarantee Remaining: $0

The Titans have used back to back draft classes to try to find Ryan Tannehill's successor, but neither Malik Willis or Will Levis appear ready to take on that role just yet. Tannehill likely plays out the final year of his deal in Tennessee, though a late summer or deadline trade wouldn't be too crazy to imagine either.

Logan Thomas (TE, 31)

Total Contract: 4 years, $26,475,000
Practical Guarantee: $10,300,000
Contract Remaining: 2 years, $13,565,000
Guarantee Remaining: $0

Injury, recovery, & a lack of adequate QB play around him have factored into very little production from 2 years, $13M of Thomas' contract. It appears Washington will give him a 1 year, $7M chance to rebound in 2023, with a very clear out thereafter ($1.75M of 2024 dead cap).

Michael GinnittiMay 31, 2023

As the calendar flips to June, 5 NFL teams will receive salary cap adjustments thanks to June 1st Designation releases in the past few weeks. Our look at each of the 8 players who were released with this designation, including the dead cap ramifications, and respective cap savings for this and next season.

Related: Understanding NFL Dead Cap & the Post June 1st Designation

Team Cap Savings

Team 2023 Cap Savings 2024 Cap Savings
Miami Dolphins $13,600,000 $8,723,000
Cleveland Browns $10,915,000 $0
Dallas Cowboys $10,900,000 $9,180,000
Washington Commanders $8,370,000 $10,160,000
Arizona Cardinals $4,215,000 $0
Denver Broncos $3,750,000 $3,950,000

Brandon McManus (K, Broncos)

2023 Cap Savings: $3,750,000
2023 Dead Cap: $1,231,250
2024 Cap Savings: $3,950,000
2024 Dead Cap: $1,231,250

McManus’ release was a bit of a surprise, as the Broncos don’t yet have a known replacement at the kicker position for the upcoming season. But with $3.75M to be freed up come June 2nd, business became a priority here. The 31-year-old quickly signed on with the Jaguars to continue his career. UPDATE: The Broncos have signed Elliott Fry to compete for McManus' old gig.

Jadeveon Clowney (DE, Browns)

2023 Cap Savings: $1,165,000
2023 Dead Cap: $1,600,000
2024 Cap Savings: $0
2024 Dead Cap: $4,800,000

Clowney's 1 year deal with Cleveland included 4 voidable years, but the Browns built in a minimum salary for 2023 to allow them the opportunity to split up the $6.4M of dead cap as such. The 30-year-old remains unsigned as the calendar flips to June.

John Johnson (S, Browns)

2023 Cap Savings: $9,750,000
2023 Dead Cap: $3,750,000
2024 Cap Savings: $0
2024 Dead Cap: $8,850,000

Johnson played 31 games for the Browns over the past two seasons amidst a 3 year, $33.75M contract, but still finds himself looking for work in 2023. He earned $24M across 2021-2022 after $4.8M reeled in on his rookie deal with the Rams. Cleveland will free up $9.75M of cap space on June 2nd, taking on $3.75M of dead cap while pushing the remaining $8.85M into the 2024 season.

J.J. Watt (DE, Cardinals)

2023 Cap Savings: $1,165,000
2023 Dead Cap: $2,400,000
2024 Cap Savings: $0
2024 Dead Cap: $4,800,000

While Watt rode off into the sunset months ago, his contract was held in place in order to process his release/retirement after June 1st for salary cap purposes. Arizona built in a minimum base salary to 2023 in order to open up the possibility for a Post 6/1 move, so the Cardinals will free up just $1.165M of space on June 2nd.

Rodney Hudson (C, Cardinals)

2023 Cap Savings: $3,050,000
2023 Dead Cap: $1,760,000
2024 Cap Savings: $0
2024 Dead Cap: $3,520,000

Like Watt, Hudson’s retirement is being processed after June 1st for cap purposes, offering up an additional $3.05M of savings come June 2nd. Hudson & Watt will account for a combined $8.32M of dead cap in 2024.

Chase Roullier (C, Commanders)

2023 Cap Savings: $8,370,000
2023 Dead Cap: $4,050,000
2024 Cap Savings: $10,160,000
2024 Dead Cap: $4,050,000

Back-to-back injury-filled seasons (10 games played across 2021-2022) and a cap figure approaching $12.5M this year forced Washington’s hand here. The 29-year-old earned $23.3M of a possible $42.3M on his extension, and will look to latch on in a depth role somewhere once he returns to full health. The Commanders will open up $8.37M of cap space this year on June 2nd, freeing up another $10.16M in 2024 per this transaction.

Ezekiel Elliott (RB, Cowboys)

2023 Cap Savings: $10,900,000
2023 Dead Cap: $5,820,000
2024 Savings: $9,180,000
2024 Dead Cap: $6,040,000

Though still a productive back (especially in terms of finding the endzone), Elliott’s contract was always going to be too rich to handle after year 4. The near 28-year-old earned $50.1M of a potential $93M tied to this contract, and remains an available free agent as the offseason flips to June. His release opens up $10.9M of cap space for the Cowboys on June 2nd, with another $9.18M freed up in 2024.

Byron Jones (CB, Dolphins)

2023 Cap Savings: $13,600,000
2023 Dead Cap: $4,751,000
2024 Cap Savings: $8,723,000
2024 Dead Cap: $10,053,000

Jones signed a 5 year, $82.5M contract with the Dolphins in March of 2020, the largest contract of that free agent season. The deal offered $54M in practical guarantee through the 2022 season, putting the 2023 offseason as the first available potential out. An achilles injury buried his 2022 season in Miami, and the recovery process hasn’t shown favorable results, forcing the Dolphins to move on from the 30-year-old this past March. Miami will open up $13.6M of cap space on June 2nd, while also freeing up $8.7M for the 2024 season.

Michael GinnittiMay 22, 2023

As OTAs begin and 90 man rosters take shape, more than a few notable NFL players still remain unsigned this summer.

QB Carson Wentz

Is he just not accepting his role as a backup yet? A quick scan around the league puts the Packers and Vikings as decent landing spots for Wentz as a QB2, who shouldn’t cost more than $2.5Mish right now. 

HM: Teddy Bridgewater, Nick Foles, MORE

RB Ezekiel Elliott

Despite the negative aura surrounding his contract the past few years - Zeke has been productive, finishing 2022 with 968 YFS and 12 TDs. He’s a step or two behind right now, but the Chargers & Rams seem like easy fits here, with a 1 year, $2M deal + incentives likely in the cards. 

HM: Leonard Fournette, Kareem Hunt, MORE

WR Jarvis Landry

The production has fallen off of a cliff the past two years and a 2022 hamstring injury has him near rock bottom currently, but at just 30 years old, Landry should still be able to help a contender. A platoon role in Minnesota to help replace Adam Thielen’s production seems a good fit, and vet. Minimum contract is about right as well.

HM: Kenny Golladay, Byron Pringle, MORE

TE Anthony Firkser

He’s only a year removed from back to back 30+ catch seasons and just turned 28. It stands to reason there’s production left in the tank in a depth role for 2023, and the
Rams, Saints & Broncos could still add a body here. It’s a vet minimum deal at best.

HM: Cameron Brate, Cethan Carter MORE

OL Ben Jones

The 33 year old center has posted 4 straight 70+ PFF graded seasons in Tennessee. Teams like the Panthers, Texans, Colts, etc who are starting over with a 20 something QB should be all in on a veteran presence like this. 

HM: Taylor Lewan, Gabe Jackson MORE

DL Chris Wormley

He’s been both a run stuffer and an interior line pass rusher in his 6 year career but is recovering from a torn ACL last December. If he can rehab himself to full strength around training camp time, he could be a late summer sleeper addition on the cheap.

HM: Shelby Harris, Justin Ellis, MORE

EDGE Frank Clark

Clark’s free agency has been radio silent to date, which seems strange for a 29 year old edge rusher with 60 career sacks and a ton of postseason experience. It’s possible his asking price remains too high, or that he and the Chiefs have a wink wink deal in the works, but fringe contenders like Seattle, Detroit, and the Jets should be very interested still. 

HM: Leonard Floyd, Yannick Ngakoue, MORE

LB Kyle Van Noy

He’s bounced around a bit of late but still holds value as a depth/platoon player in the middle of a good defense. The Chargers, Steelers, or Patriots should consider his services for the upcoming season, with a 1 year, $2M redo of last year’s contract in mind.

HM: Zach Cunningham, Anthony Barr, MORE

CB Marcus Peters

Walks away from a crowded Ravens’ secondary looking for a fresh fit this summer. Peters is still a near $10M per year player in our system, but he’ll need to accept something around half of that in base value with incentives to build up his pay at this point. The Niners & Seahawks seem likely to have interest here.

HM: William Jackson, Eli Apple, MORE

S John Johnson

He’s just 27 years old and while his tenure in Cleveland wasn’t a match made in heaven, there’s reason to believe the player that turned heads in LA a few years ago can still exist. If he drops down to a minimum price tag, don’t sleep on a team like the Bills coming in late to add depth to the aging Hyde/Poyer duo.

HM: Adrian Amos, LaMarcus Joyner, MORE

S/T Robbie Gould

The 40-year-old has officially been replaced in San Francisco, but would like to continue his illustrious career on a team worth his time. He hit 84% of his field goals, 98% of his PATs a year ago, and seems likely to be reeled in at around the $2M mark this summer - especially as young kickers are evaluated in OTAs.

HM: Mason Crosby, Aaron Brewer MORE

Michael GinnittiMay 05, 2023

The Arizona Cardinals walked away from the 2023 NFL draft a winner in many books, in large part due to a savvy move back to #6 to pick up an additional 2024 first round pick. With trade rumors still surrounding WR Deandre Hopkins & S Budda Baker, Arizona may not be done acquiring future draft picks, which has led some (many?) to speculate about the long-term future of QB Kyler Murray. We’ll lean into that a little bit here.

Kyler Murray’s Remaining Contract

Murray will be entering Year 2 of this extension in 2023, with 6 years, $235.6M still to go through the 2028 season. He’ll earn $38M for the upcoming campaign, including $2M base salary, & $36M option bonus.

A 2024 Kyler Murray Trade

There are a lot of moving parts on this deal, but on its surface, this is what it would look like to send Kyler Murray out via trade after the 2023 season.

Pre June 1, 2024

DEAD CAP
Cardinals take on $46.221M of dead cap, all in 2024

NEW TEAM ACQUIRES

YEAR CAP HIT
2024 $38,850,000
2025 $32,607,500
2026 $42,542,500
2027 $36,335,000
2028 $46,350,000
  • $35M of 2024 compensation will already be fully guaranteed
  • $30M of 2025 compensation will become fully guaranteed in March of 2024
  • $40M of 2026 compensation becomes fully guaranteed in March of 2025
  • $19.5M of 2027 salary becomes fully guaranteed in March of 2026.

If we only focus on these early guarantees, a new team would be acquiring Kyler Murray on a 3 year, $114M contract + $19.5M of guaranteed salary in 2027 for practical purposes. Or in other words, if the new team wants to move off of Murray after 2026, they'll owe him a $19.5M cash payment to do so (not unlike what the Colts just did with Matt Ryan).

The only difference with a Post 6/1 trade is that the Cardinals would see their $46.221M of dead cap split into $13M for 2024, & $33.2M for 2025. This wouldn’t be a likely scenario.

Is this Plausible?

Sure. We’ve seen teams take on $40M+ dead cap hits in 2 straight seasons now - so why not make it 3. Arizona will actually be saving $5.6M of cap space with an early trade, as Murray’s cap hit for 2024 currently stands at $51.8M.

The obvious question here is will there actually be a taker? Off the top, these teams could at least be considering a change at the QB positions next March:

  • Atlanta: It’s a big year for Ridder to show he can hang at this level.
  • Chicago: It’s a big year for Fields to show he can take an improved team up a rung.
  • Detroit: If Jared Goff isn’t extended, all options are on the table
  • Los Angeles Rams: Stafford is fully guaranteed through 2025 and could be in this trade
  • Las Vegas: Garoppolo’s deal is easily a 1-and-done if needed
  • Miami: Only if Tua’s injury history continues
  • Minnesota: Cousins is on an expiring and the next QB is not yet rostered.
  • Pittsburgh: It’s a big year for Pickett to show he can hang at this level.
  • San Francisco: Plenty of options but none long-term.
  • Seattle: Geno Smith’s deal is easily 1-and-done if needed
  • Tampa Bay: It’s more likely they subtract than add, but it’s an option
  • Washington: Maybe the leader in the clubhouse.

Is this Likely?

No. A move of this size at a position of this importance should never be considered likely, but if the wheels fall off in 2023 and Arizona truly is in position to select one of the Top 2 QBs out of the 2024 draft, all bets are back on the table.

If it happens, Arizona will have paid Murray $69M across 2022 & 2023. That could have been $35M had he been forced to play out his rookie contract in its entirety (4th year + 5th year option). Will the Cardinals be able to maneuver a trade for a $133M player that has had so many public deterrents? Can they sell the idea that they would have been happy to have Kyler as their QB1 for the long run, but passing up a chance to draft and play one of these 2024 prospects was too unique of an opportunity to miss out on? Or will this be Baker Mayfield and the Cleveland Browns version 2.0?

Michael GinnittiMay 04, 2023

We finally have the inside details regarding Lamar Jackson’s 5 year, $260M contract with the Baltimore Ravens, and they’re as potent as expected.

Total Contract Value

At $260M (the franchise tag was never signed so it wasn't factored into this new contract in any way), Lamar Jackson's new contract becomes the 2nd largest new money deal in NFL history, behind only Patrick Mahomes' $450M. It surpasses Josh Allen's $258M contract in Buffalo (across 6 new years), and Jalen Hurts' brand new $255M deal in Philly.

Average Salary

At a new money average of $52M per year, Lamar’s contract makes him the highest average paid player in NFL history at the time of signing. He surpasses Jalen Hurts ($51M) who held the belt for 2 ½ weeks, and Aaron Rodgers ($50.2M), who started this whole $50M per year game last March - and could be in a position to retake the lead with his revised contract in New York.

Signing Bonus

An historic $72.5M. Lamar didn’t just top this mountain, he built a new mountain on top of the previous one and planted his flag there. The previous top signing bonuses in NFL history were paid out to Dak Prescott ($66M, 2021), Russell Wilson ($65M, 2019), & Matthew Stafford ($60M, 2022).

Keeping with the Ravens, Lamar’s $72.5M bonus is $32.5M more than the previous high (Joe Flacco, $40M).

Cash Flow

Extremely Aggressive. Lamar bags $80M in 2023, $5M more than any player in history (Prescott $75M), and $47.6M more than he was set to earn on the franchise tag. In fact, it’s $8.72M more than he would have earned with back-to-back franchise tags.

In terms of 2-year cash flow, again, Lamar is way ahead here. The new deal pays out $112.5M through 2024. That’s $17.5M more than 2nd place Dak Prescott ($95M), $23.5M more than 3rd place Matthew Stafford ($89M).

In terms of 3-year cash flow the gap widens even more. Lamar is due $156M through 2025, which is $6M more than the current Aaron Rodgers contract (soon to be ripped up), but a whopping $19M more than the Deshaun Watson contract ($137M). Furthermore, Lamar will see all $156M become fully guaranteed by next March.

Guarantee Structure

Lamar scores $135M fully guaranteed at signing out of the gate, #2 all-time, $11M more than Russell Wilson's $124M in Denver, $25M more than Jalen Hurts' recent upfront guarantee, and over $31M more than Kyler Murray's $103.3M last summer. The $135M is comprised of his massive $72.5M signing bonus, a $7.5M salary for 2023, a $14.25M salary for 2024, a $750,000 workout bonus, a $17.5M option bonus for 2024, & a $22.5M option bonus for 2025.

On the 5th league day of 2024 (next March) another $20.25M becomes fully guaranteed (his entire 2025 base salary). 

In early March 2025 (5th league day), $29M of his 2026 salary becomes fully guaranteed, raising the practical guarantee on this deal to $185M. This $185M figure ranks 2nd all-time to Deshaun Watson’s $230M, but is $5.7M more than Jalen Hurts’ recent $179.3M number.

Of note: All $185M of practical guarantee is guaranteed for injury at the time of signing. This is no small bullet point for someone who plays the game the way Lamar Jackson does.

The Salary Cap Flow

Despite a heck of a lot more cash in hand, Lamar Jackson’s salary cap figure for 2023 dropped from $32.4M, to $22M, a savings of $10.4M.

Assuming void years are being used for the triple bonus structure (2023 signing bonus, 2024 option bonus, 2025 option bonus), the 2024 salary cap figure stays relatively tidy at an even $33M. Even the jump up to $43.5M in 2025 shouldn’t be too daunting if we’re assuming the league cap is near $260M at that point in time.

But things get wild in 2026 & 2027, with initial cap hits of $74.5M for each season. February of 2026 will be a very clear line of demarcation for this relationship.

A) It’ll be a great time to start talking about contract #3 as a way to reduce the upcoming cap hits (similar to what Dallas and Dak Prescott are going through)

B) It’ll be a great time to allow Jackson to start feeling out potential trade partners who are willing to rip up the deal and start over, or restructure the $102M of future base salary.

C) It’ll be an unclear long-term future, Baltimore will process a salary conversion on his $51.25M base salary to lower the $74.5M cap hit, and the discussion about moving on after 2026 will become very loud.

The Fluid Dead Cap Breakdown

If you’re looking at the contract right now, you see a doable out after 2025 where the Ravens take on a $57.5M dead cap hit, but free up $17M of salary cap in the process. While that is true right now - that won’t be true come March 2025, when $29M of his 2026 salary becomes fully guaranteed. This raises his 2026 dead cap to $86.5M, making it extremely unlikely that the Ravens could outright release him at that point in time. The $74.5M cap figures in 2026 & 2027 are pivotal junctures in this deal, despite the lack of full guarantee built into them. If all is right in the world, Lamar probably gets a new contract prior to the 2026 season, making life easier for both sides. But if there's discontent, dealing with $86.5M of dead cap and back to back $74.5M actual cap hits presents quite the problem for the Ravens.

If the plan is to keep him rostered through 2026, they'll almost certainly need to process a salary conversion on portion of Lamar's $51.25M base salary, which means higher actual and dead cap hits for 2027 & beyond.

Add-Ons

Lamar negotiated both a Full No-Trade Clause & a Full No-Tag Clause into his big extension, meaning he owns the conversation of where he plays next, and he’ll have the ability to walk away after 2027 with no restrictions (and $260M in his pocket).

Concluding Thoughts

This was one of the more anticipated breakdowns in my career covering these contracts - all things considered. It ended up looking, smelling, and feeling like any other top of the market contract, including most of the standard structure practices that the Ravens utilize with all of their multi-year deals.

The cash-flow is ridiculously good. Why? Because Lamar Jackson wasn’t going to go back down after coming this far. The team-friendly cash flow contracts in this league almost always come with a dirt cheap 4th year rookie salary & 5th year option salary still left to be earned. Jalen Hurts turned a $4.3M previous 2023 salary into a $24.3M payout this season, a 5X raise.

The best part about this contract is that it doesn’t go longer than it needed to. By keeping this a true 5 year contract: A) the cash flow is truncated and therefore aggressive B) The backend of this becomes a cap mess that hopefully means another blockbuster deal (Cousins, Prescott, Stafford), C) Even if he plays out this entire deal, he’ll be just under 31 years old.

Until then though, Baltimore has another 3-year window from a salary cap perspective to try to re-engage as legitimate AFC contenders. 

Michael GinnittiMay 02, 2023

The 5th-Year option deadline has now come and gone, giving us the most declined salaries that the league has ever seen. This can be attributed to a few things: A few unfortunate situations, a few unfortunate injuries, and a CBA change that fully guarantees the salary the instant that the option is exercised.

Exercised Options: 12
Declined Options: 15
Bypassed with Extension: 1
Not Available: 4

Related: Track all 5th-year option decisions

EXERCISED OPTIONS

#1 Joe Burrow (QB, CIN)

2024 Salary: $29,504,000
Burrow’s option exercise was a mere formality as he and the Bengals continue to inch closer to his offseason mega-extension. But the $29.504M will now be factored into his next deal, totaling $35M of salary from this and next season that will be added to his new money contract. With recent paydays for Jalen Hurts & Lamar Jackson, Burrow is now a $53M player in our system.

#4 Andrew Thomas (OT, NYG)

2024 Salary: $14,175,000
Thomas has become one of the best offensive linemen in the game, and it stands to reason that the Giants will lock him up long term before the summer is out. He’s a near $22M per year player in our system to date. With the option exercised, he’s now guaranteed $19.1M over the next two seasons.

#5 Tua Tagovailoa (QB, MIA)

2024 Salary: $23,171,000
Despite an unfortunate run of recent head injuries, the Dolphins are standing by their QB, showing enough loyalty to fully guarantee $27.8M across this and next season. If he can stay healthy, there’s no question he should be inline for a near top of the market extension ($45M+ per year).

#6 Justin Herbert (QB, LAC)

2024 Salary: $29,504,000
Like Burrow, the Chargers are just buying themselves more time here as they work through negotiations on something much much bigger. In the interim, Herbert is now guaranteed $33.7M across this and next season, and he carries a $50M valuation into May.

#7 Derrick Brown (DT, CAR)

2024 Salary: $11,665,000
The first and one of only two defensive players to have his 5th-year option exercised this offseason, Brown doesn’t have the production to be considered for the deals that Jeffery Simmons or even Daron Payne scored this spring, but Jonathan Allen’s $18M per year could be about right.

#10 Jedrick Wills (OT, CLE)

2024 Salary: $14,175,000
Despite a bit of a step back in play, Wills gets the vote of confidence through the 2024 season, now guaranteed $17.4M across this and next year. D.J. Humphries contractual path could be one to watch here for Wills going forward.

#13 Tristan Wirfs (OT, TB)

2024 Salary: $18,244,000
After 3 seasons at right tackle, Wirfs is expected to move over to the left side for the 2023 campaign. He’s now guaranteed $21M over the next two seasons, carrying a near $25M per year valuation in our system.

#15 Jerry Jeudy (WR, DEN)

2024 Salary: $12,987,000
Despite trade rumors, the Broncos locked in Jeudy through the 2024 season at what is now $15.5M fully guaranteed. There’s no question that Jeudy hasn’t risen to the level that many thought he could have just yet, but with lots of new in Denver this season, there’s now time to improve upon that.

#16 A.J. Terrell (CB, ATL)

2024: $12,344,000
After an elite 2021 campaign, Terrell fell back down to earth a bit in 2022, but not nearly enough to stop the Falcons from locking him into $14.9M fully guaranteed across the next two seasons. He carries a $20M valuation in our system to date.

#17 CeeDee Lamb (WR, DAL)

2024 Salary: $17,991,000
After a slow start to his career, Lamb has made this decision a complete no-brainer for Dallas of late. He’s now fully guaranteed $20.5M over the next two seasons, but should be staring down a long-term extension at or around $25M per year in the coming weeks.

#22 Justin Jefferson (WR, MIN)

2024 Salary: $19,743,000
Jefferson’s answered every bell, and it’s a little strange that we’re hearing zero discussion about a long-term extension in the works, but that’s a when not an if, and it will likely reach historic heights. For now, the #22 overall pick is guaranteed $22.1M across this and next season, with a near $27M valuation under his belt.

#25 Brandon Aiyuk (WR, SF)

2024 Salary: $14,124,000
For the most part, Aiyuk’s first three seasons have been consistently above average, capping off 2022 with his most productive season yet. His option exercise means $16.4M fully guaranteed across this and next season, and the 25 year old holds an $18M valuation for a long term deal in our system.

DECLINED OPTIONS

#2 Chase Young (DE, WAS)

Declined Salary: $17,452,000
Young becomes the first #2 overall pick to have his 5th-year option declined since the Bears said no to QB Mitchell Trubisky in 2020. He’ll play out a fully guaranteed $5.3M salary, with either free agency, or a projected $21M franchise tag in his future.

#8 Isaiah Simmons (LB, ARI)

Declined Salary: $12,722,000
Simmons was drafted to be a versatile defender, and for the most part - he’s been just that. Productivity wise, things have been fairly average, and the Cardinals are in a bit of a valley right now in terms of their team building (especially with new regimes in the front office and on the sideline). It was just better business to say no here right now. A projected $23M franchise tag already seems unlikely as well.

#9 C.J. Henderson (CB, CAR)

Declined Salary: $11,514,000
The Jaguars traded Henderson to the Panthers early in the 2021 season, and he’s been a solid but fairly average player ever since. He projects to fill in a depth role for Carolina on a fully guaranteed $3.4M salary this upcoming season, but free agency is likely thereafter.

#11 Mekhi Becton (OT, NYJ)

Declined Salary: $13,565,000
This is simply a matter of un-availability. Becton has 1 game under his belt in the past two seasons thanks to a surgically repaired knee. He’ll be ready for OTAs this offseason, and still projects as the Week 1 starting Right Tackle, so there’s time for him to resurrect his value and make next March a little more complicated for the Jets. An offensive lineman franchise tag projects to around $21M currently.

#14 Javon Kinlaw (DT, SF)

Declined Salary: $10,455,000
The writing was on the wall with this one when San Fran shocked us all with a massive free agency deal for Javon Hargrave. Factor in 10 games played across the past two seasons and an additional $10.4M guarantee was out of the question. He’ll play out a fully guaranteed $2.7M salary in 2023, with free agency likely thereafter.

#18 Austin Jackson (OT, MIA)

Declined Salary: $14,175,000
Jackson still projects to be Miami’s Week 1 starting right tackle, so it’s not exactly a broken relationship here. But with 3 games played in 2022, the Dolphins are protecting themselves here from overpaying for a player they have aspirations to replace anyway.

#20 K’Lavon Chaisson (OLB, JAX)

Declined Salary: $12,141,000
The production just hasn’t been there, and with only 9 games played in 2022, this wasn’t a difficult option for the Jags. Oh, and his replacement was the #1 overall pick in 2021.

#21 Jalen Reagor (WR, MIN)

Declined Salary: $12,987,000
Reagor was traded to Minnesota before the start of the 2022 regular season. He posted 8 catches for 104 yards in 17 games. He’ll earn $2.4M in 2023, with free agency available thereafter.

#23 Kenneth Murray (LB, LAC)

Declined Salary: $11,727,000
Murray’s playing time was greatly reduced in 2022 (about 20% less than his rookie season), though he still projects to start for the Chargers in 2023. LA will see out his $2.3M salary and play out the options from there.

#24 Cesar Ruiz (G/C, NO)

Declined Salary: $14,175,000
The #24 overall pick never really found his footing through three seasons, despite playing almost every offensive snap over the course of the past two years. He projects to be the Week 1 starting right Guard, so there’s time to build up value as free agency nears.

#27 Jordyn Brooks (LB, SEA)

Declined Salary: $12,722,000
Brooks is the type of player that fills up a stat sheet, passes most of the eye tests, then gets crushed by advanced analytics on a Monday morning. With that said, had he not suffered an ACL injury late in 2022, there’s a very good chance this decline would have been an exercise. Seattle will hedge its bets here, knowing they may need to slap a projected $23M tag on Brooks to keep him off the open market next March.

#28 Patrick Queen (LB, BAL)

Declined Salary: $12,722,000
I guess when you acquire a counterpart ILB and then pay him the largest contract in position history, your chance of getting a guaranteed x10 raise in 2024 is greatly reduced. Queen has already been rumored in trade talks, and a 1 year, $2.2M contract seems like pretty good value for the receiving team here.

#30 Noah Igbinoghene (CB, MIA)

Declined Salary: $13,202,000
The #30 overall pick has 1 career interception in 32 games played (only 16 across the past two seasons). He enters the 2023 offseason as a projected 3rd stringer for the Dolphins, who may just buy out his $2.1M salary to move on this summer.

#32 Clyde Edwards-Helaire (RB, KC)

Declined Salary: $5,461,000
You can’t say the Chiefs didn’t try here. CEH was given opportunities all over the field to find a rhythm and pattern in their offense, and it just wasn’t a fit. He’s now slipped to 3rd on the depth chart behind Isiah Pachecho and Jerick McKinnon, so a 1 year, $2M play out with free agency looming in March seems the obvious path here. Not ruling out a trade here either.

BYPASSED WITH EXTENSION

#26 Jordan Love (QB, GB)

Bypassed Salary: $20,272,000
With Aaron Rodgers gone, the decision to exercise or decline Love’s $20M 2024 salary was a hot topic of conversation for weeks. Green Bay chose neither. Love gets a restructured extension that guarantees him $13.5M (most likely all in 2023), offering he and Green Bay a more financially sensible path to see if there’s a long-term fit here through the 2024 season. Based on initial reports, it appears as though Love’s compensation across 2023-2024 can max out at $25M.

UNAVAILABLE

#3 Jeff Okudah (CB, ATL)

Bypassed Salary: $11,514,000
Okudah wasn’t going to see his option exercised no matter how this offseason played out, but that became a non-possibility once he agreed to a restructured contract per his trade to Atlanta. The Lions retained a portion of his 4th year salary, nullifying his ability to remain eligible for a 5th year option. The Falcons now get a 1 year, $3.6M look at him in their revamped defense.

#12 Henry Ruggs (WR)

Waived by the Raiders in November of 2021.

#19 Damon Arnette (CB)

Waived by the Raiders in November of 2021.

#29 Isaiah Wilson (OT)

Waived by the Titans in March of 2021.

#31 Jeff Gladney (CB)

Waived by the Vikings in August of 2021

Michael GinnittiApril 26, 2023

With the 2023 NFL Draft upon us here's a snapshot look at the projected salary cap draft pools for each franchise.

What Am I Looking At Here?
Draft pools involve the amount of salary cap it would take for a team to sign & keep all of their draft picks in a given year. Obviously this is a fluid figure, as picks can be traded, players can go unsigned, and in certain cases, additional bonuses can be added to alter these figures slightly.

Why Are Top 51 Numbers Different?
During the offseason, only a team's Top 51 salary cap figures are accounted for in their overall total. For 2023, the cap figures of drafted players will range from $7.49M (#1 overall)to $771k (#251+). This means that many of these drafted players will carry a cap hit that won't be large enough to make their respective team's Top 51. For those that fall outside, only the prorated signing bonus portion of their cap hit will be counted toward the Top 51 salary cap. Once the regular season begins, all of a team's salary cap figures will begin to count.

Notable Notes

  • At $20.3M the Houston Texans currently hold the largest overall draft pool for 2023, $3M more than any other team in the league right now. Houston will need $15M of Top 51 cap space (they have it) to sign all 12 of their picks.
  • Thanks to last year's Tyreek Hill trade, and a Tom Brady collusion disciplinary action, the Dolphins enter the 2023 Draft with the fewest picks (4), and the lowest Total Draft Pool ($3.9M). They don't however own the lowest Top 51 Draft Pool. That belongs to the Cleveland Browns, who will only need $1.9M of offseason cap space to sign their 8 picks (2 3rds, 2 4ths, 2 5ths, 1 6th, 1 7th).
  • The average Draft Pool heading into Thursday is $10.5M, while the average Top 51 Draft Pool comes in just under $7.3M. NFL teams have on average, $12.2M of Top 51 cap space right now.
  • If your team has more draft pool than cap space right now - don't overthink it. Most teams (especially those in contention) like to keep their cap space close to the vest this time of year, knowing there will always be a contract or two they can restructure, trade, or outright release when the summer months start to come into focus.

RELATED:
2023 NFL Draft Tracker w/ Projected Contracts
2023 NFL Salary Cap Tracker

 

Team Picks Total Draft Pool Cap Top 51 Draft Pool Cap Top 51 Cap Space
Arizona Cardinals 9 $14,232,364 $11,982,364 $19,020,130
Atlanta Falcons 7 $10,443,071 $8,193,071 $12,950,992
Baltimore Ravens 5 $6,345,346 $4,845,346 $3,911,427
Buffalo Bills 6 $7,375,692 $4,375,692 $6,146,681
Carolina Panthers 6 $12,947,041 $11,447,041 $26,908,655
Chicago Bears 10 $13,073,585 $9,323,585 $36,665,999
Cincinnati Bengals 7 $8,063,405 $5,063,405 $17,485,889
Cleveland Browns 8 $7,221,321 $1,971,321 $7,973,448
Dallas Cowboys 7 $8,130,772 $5,130,772 $16,650,389
Denver Broncos 5 $4,762,939 $3,262,939 $7,792,473
Detroit Lions 9 $15,370,529 $12,370,529 $27,169,518
Green Bay Packers 11 $13,323,892 $8,823,892 $12,682,360
Houston Texans 12 $20,377,791 $15,127,791 $21,167,571
Indianapolis Colts 9 $14,537,077 $10,832,077 $23,365,490
Jacksonville Jaguars 9 $9,962,495 $6,962,495 $15,578,487
Kansas City Chiefs 10 $10,311,603 $5,811,603 $4,678,744
Las Vegas Raiders 12 $15,329,994 $8,579,994 $11,055,675
Los Angeles Chargers 7 $8,421,243 $6,171,243 $15,473,886
Los Angeles Rams 11 $10,314,837 $8,814,837 $10,079,114
Miami Dolphins 4 $3,945,920 $2,445,920 $2,756,757
Minnesota Vikings 5 $6,308,453 $4,808,453 $1,873,031
New England Patriots 11 $12,638,104 $6,638,104 $11,867,536
New Orleans Saints 8 $9,372,243 $6,372,243 $15,011,095
New York Giants 10 $10,558,876 $5,308,876 $1,815,947
New York Jets 5 $7,426,862 $5,176,862 $7,392,109
Philadelphia Eagles 6 $10,177,906 $8,677,906 $18,217,106
Pittsburgh Steelers 7 $10,169,349 $8,669,349 $7,560,585
San Francisco 49ers 11 $9,326,075 $3,326,075 $3,804,643
Seattle Seahawks 10 $17,399,345 $14,399,345 $7,341,570
Tampa Bay Buccaneers 9 $10,066,606 $5,566,606 $1,871,398
Tennessee Titans 6 $8,997,170 $6,747,170 $11,481,500
Washington Commanders 8 $9,626,954 $5,876,954 $3,088,752
Michael GinnittiApril 25, 2023

The Philadelphia Eagles made good on their offseason promise, locking in QB1 Jalen Hurts to an historic 5 year, $255M contract extension this week. The deal keeps Hurts under contract through the 2028 season, and includes $110M fully guaranteed at signing.

 

New Money Total Value

The $255M of new money chimes in as the 3rd largest contract in NFL history, behind Patrick Mahomes $450M unicorn extension in Kansas City, and Josh Allen’s $258M contract from the Bills. When factoring in $15M of additional incentives, and the $4.304M Hurts was owed in the final year of his rookie contract, the deal can max out at nearly $275M over the next 6 seasons.

Largest New Money NFL Contracts

  1. Patrick Mahomes, $450M
  2. Josh Alen, $258M
  3. Jalen Hurts, $255M
  4. Russell Wilson, $242.5M
  5. Kyler Murray, $230.5M

RELATED: TOP NFL CONTRACTS

Including Deshaun Watson’s $230M contract with the Browns, Hurts’ deal becomes the 6th contract in NFL history to offer $200M+.

Small Signing Bonus?

Hurts’ $23,294,000 signing bonus ranks 35th among active contracts, 13th among active QB deals. Why so low? The Eagles, as per usual, have structured this contract with multiple early March bonuses that can/will prorate over a maximum 5 years for cap purposes, and keep the cash flowing for Jalen every offseason. But it still means less Year 1 money than most would anticipate for a Super Bowl runner-up quarterback.

Largest Signing Bonuses (VIEW ALL)

  1. Dak Prescott, $66M (franchise tag extension)
  2. Matthew Stafford, $60M (veteran extension)
  3. Russell Wilson, $50M (veteran extension)
  4. Deshaun Watson, $44.965M (veteran extension)
  5. Aaron Rodgers, $40.8M (veteran extension)

11th: Jalen Hurts, $24.3M (rookie extension)

Guarantee at Signing

Jalen Hurts’ new deal comes with $110M fully guaranteed at signing, 3rd most in NFL history and by far the most ever for a rookie extension.

Top Guarantees at Signing (VIEW ALL)

  1. Deshaun Watson, $230M (veteran extension)
  2. Russell Wilson, $124M (veteran extension)
  3. Jalen Hurts, $110M (rookie extension)
  4. Kyler Murray, $103.3M (rookie extension)
  5. Aaron Rodgers, $101.5M (veteran extension)

Hurts out-gains Murray by almost $7M in terms of upfront guarantee, with Josh Allen’s $100M the next rookie extension figure to compare to.

Practical Guarantees

What’s the difference? Guaranteed at signing means just that - the second Jalen Hurts signs this contract, it’ll be nearly impossible for him not to earn the $110M fully guaranteed. The remaining $69M is guaranteed for injury at signing, but will soon become fully guaranteed. Specifically, another $16.5M will lock in next March, an additional $30.8M will fully guarantee in March 2025, and another $22M will follow suit in March of 2026. 4.5 of 6 years are practically guaranteed.

Top Practical Guarantees (VIEW ALL)

  1. Deshaun Watson, $230M (veteran extension)
  2. Jalen Hurts, $179.3M (rookie extension)
  3. Russell Wilson, $161M (veteran extension)
  4. Kyler Murray, $159.7M (rookie extension)
  5. Aaron Rodgers, $150.8M (veteran extension)

In looking just at the Hurts/Murray matchup, Jalen secures almost $20M more than Kyler with this latest blockbuster extension, and based on team success alone - rightfully so.

Salary Cap Analysis

With multiple bonuses, comes early cap relief for the Eagles - as per usual. Jalen Hurts’ contract carries the following cap hits as of now:

2023: $6.154M
2024: $13.55M
2025: $21.76M
2026: $31.7M
2027: $45.8M
2028: $54.1M
2029-2032 Void Years ($8.16M of initial dead cap, plenty more to come)

Hurts' $6.15M cap hit for 2023 currently ranks 20th among signed Quarterbacks. Any QB drafted in the Top 5 this April will carry a larger cap figure than Jalen Hurts for 2023. If the league salary cap increases its usual $10M up to $235M next season, Hurts will account for just 5.7% of it. If it jumps to $245M in 2025, he'll account for 8.8% in that season. To say these are value figures out of the gate would be an understatement.

Cash Flow Analysis

Year 1: $24.3M
Year 2: $40M
Year 3: $42M
Year 4: $51M
Year 5: $51M
Year 6: $51M

Hurts’ $64.3M 2-year cash ranks 10th among active Quarterback contracts, but is actually $30M more than Patrick Mahomes secured through his first two extension seasons. In terms of 3-year money, the $106.3M to be earned here currently ranks 8th, $11M more than the Bills are handing Josh Allen to start his extension. Only 4 quarterbacks have contracts with more 4-year cash than Jalen Hurts: Watson, Wilson, Prescott, & Daniel Jones - though the last two aren't guaranteed to get that far.

Potential Out & Fluid Dead Cap Warning

Don’t get sucked into thinking that the Eagles can walk away from Hurts after 2026 with just a slap on the wrist to their cash and cap pocketbooks. It’s not that simple.

The dead cap that appears on the contract right now only applies to elements of the deal that are fully guaranteed at signing ($110M + the carry over signing bonus proration from the rookie contract).

By the time we get to March of 2027 (presumably when the two sides could be looking to part), another $49.785M option bonus will have vested (adding $39.9M of bonus dead cap), & $22M of 2027 salary will already have become fully guaranteed. That’s an additional $61.8M of dead cap, raising the 2027 total to $106.5M.

What about after 2027? $89.702M of dead cap
What about when the deal concludes after 2028? $86.5M of dead cap

Concluding Thoughts

It’s easy to get caught up in the “how do we get out of this” conversation almost immediately when dealing with major contracts, but this Jalen Hurts contract should be celebrated for what it is: A ton of money for the player, and 6 years of predetermined tenable salary cap hits for the team. If the Eagles do absolutely nothing to this contract but exercise the option bonuses and let things play out as they will, a $54.1M cap hit in 2028 most likely won’t even represent 20% of the league salary cap that season. Philly’s style of contract structuring bakes the “restructure” into the cake. The room to wiggle comes with the option bonuses themselves. If at any point in time the team feels concerned about the future of Hurts as their starting QB, they can opt to decline one of those bonuses, take on an absurdly large base salary/cap hit for a year, and then push out of the contract, despite what will certainly be a devastating dead cap hit in the following season.

The best case scenario here (again, veering positive not negative), is that Hurts continues to shine in the role, and after 2026, he and the Eagles decide to rip up the remaining $102M, and convert it into a new, bigger, better, more complicated contract for all to enjoy. Keeping in mind of course that all of those vested bonus prorations in 2027-2030 will need to carry over to the new deal as well.

Michael GinnittiApril 24, 2023

As the 2023 NFL draft approaches we dive back into 5 years of #1 overall selections, including the respective rookie contract, and path each player as taken since.

RECENT #1 OVERALL PICKS

2023

TBD
4 years, $41.2, $26.9M signing bonus + 5th year option

  • First 6 picks should guarantee $30M+
  • First 11 picks should guarantee $20M+
  • First 22 picks should guarantee $15M+
  • 31st pick (forfeit) should guarantee just north of $12.5M
  • $2.5M drop off between Round 1 finish + Round 2 start

» 2023 Rookie Contract Projections

2022

Travon Walker (DE, JAX)
4 years, $37.3M; $24.3M signing bonus + 5th year option
Finished 2022 as the 90th graded edge defender according to PFF, posting 3.5 sacks, 49 tackles and a forced fumble in 15 games. He was handedly outplayed by #2 overall Aidan Hutchinson in Year 1, but it’s early.

» FULL DRAFT CLASS

2021

Trevor Lawrence (QB, JAX)
4 years, $36.7M; $24.1M signing bonus + 5th year option
2021 & 2022 were night and day scenarios for Lawrence, who improved from 32nd to 11th in QB grading according to PFF. He’ll become extension eligible for the first time after 2023, and all signs point to a brinks truck right now.

» FULL DRAFT CLASS

2020

Joe Burrow (QB, CIN)
4 years, $36.1M; $23.8M signing bonus + 5th year option
Got off to a slow start, but, outside of rings, 2021 & 2022 couldn’t have gone better for Burrow. He’s the back to back reigning #1 graded QB according to PFF, completing nearly 70% of his passes with a 104 rating in that span. He’s extension eligible as we speak, with a $50M+ per year, $200M+ guarantee in his immediate future.

» FULL DRAFT CLASS

2019

Kyler Murray (QB, ARI)
4 years, $35.6M; $23.5M signing bonus + 5th year option
Murray improved each of his first three seasons, banking a rookie of the year and two pro bowl nods during that time frame. He leveraged that build-up (and a mini offseason holdout) into a 5 year, $230.5M extension last July. He earned $30M last season (instead of $5.4M), and he’ll earn $39M for 2023 (instead of $29M).

» FULL DRAFT CLASS

2018

Baker Mayfield (QB, CLE)
4 years, $32.6M; $21.8M signing bonus + 5th year option
Baker’s still trying to figure it out, and might get a legitimate shot with the Buccaneers in 2023. But as far as QB value on rookie contracts go, this one didn’t hit. There are flashes of capabilities, but without the consistency required to manage an offense for 18+ weeks in any given season. Baker cashed in $48.4M across his first 5 seasons with Cleveland, Carolina, & LAR, and he’ll look to revive his career on a 1 year, $4M fully guaranteed contract with Tampa.

» FULL DRAFT CLASS

 

NFL #1 PICK HISTORY

  • 34 of the last 87 #1 picks have been QBs
  • Since 1990 only 8 #1 overall picks have been defensive players
  • It’s been 27 years since a WR has been taken #1 overall (Keyshawn Johnson, 1996)
  • It’s been 28 years since a RB has been taken #1 overall (Ki-Jana Carter, 1995)
  • This will (presumably) be Carolina’s 2nd #1 overall pick (2011, Cam Newton)
  • This would have been the Bears’ 3rd #1 overall pick and the first since 1947.
  • Matthew Stafford (2009) is the longest tenured #1 pick still active in the league
  • The 4 players drafted #1 overall after Stafford (Bradford, Newton, Luck, Fisher) are all presumably out of the league. It’ll be 5 straight if Jadeveon Clowney doesn’t garner a 2023 contract.
  • #1 overall picks since 2000 without a Pro Bowl nod: Courtney Brown, JaMarcus Russell, Sam Bradford, Baker Mayfield, Travon Walker

DRAFTED QBS SINCE 2018

With 3, maybe 4 QBs projected to be taken in the first round this Thurdsay, we'll look back at where QBs have been selected since 2018, and which are still vying for starting roles in the league.

2018 Quarterbacks (13)

ROUND BREAKDOWN: 1:5, 2:0, 3:1, 4:1, 5:1, 6:2, 7:3

  • Starters: 2 (Allen, Lamar)
  • Competing: 2 (Baker, Darnold)
  • Backups: 3 (Rudolph, White, Woodside)
  • Out: 6

2019 Quarterbacks (11)

ROUND BREAKDOWN: 1:3, 2:1, 3:1, 4:2, 5:2, 6:2, 7:0

  • Starters: 2 (Murray, Jones)
  • Competing: 1 (Minshew)
  • Backups: 5 (Lock, Grier, Stidham, Stick, McSorley)
  • Out: 3

2020 Quarterbacks (12)

ROUND BREAKDOWN: 1:4, 2:1, 3:0, 4:2, 5:1, 6:1, 7:3

  • Starters: 5 (Burrow, Tua, Herbert, Love, Hurts)
  • Competing: 0
  • Backups: 3 (Eason, Luton, Fromm)
  • Out: 4

2021 Quarterbacks (10)

ROUND BREAKDOWN: 1:5, 2:1, 3:2, 4:1, 5:0, 6:1, 7:0

  • Starters: 3 (Lawrence, Fields, M. Jones)
  • Competing: 3 (Trask, Mills, Ehlinger)
  • Backups: 4 (Lance, Wilson, Mond, Book)
  • Out: 0

2022 Quarterbacks (9)

ROUND BREAKDOWN: 1:1, 2:0, 3:3, 4:1, 5:1, 6:0, 7:3

Starters: 4 (Pickett, Ridder, Howell, Purdy)

Competing: 0

Backups: 5 (Willis, Corral, Zappe, Oladukun, Thompson)

Out: 0

Michael GinnittiApril 21, 2023

S C.J. Moore

Signed a 2 year, $4.5M contract this past March that included $2.5M fully guaranteed at signing (a $1.4M signing bonus + $1.1M 2023 base salary). If his indefinite suspension of at least 1 year is upheld, and the Lions decide to keep him rostered, Moore’s contract will toll to 2024-2025, and the $1.1M salary guarantee will void. If the Lions decide to move on, it’s extremely likely that they’ll push to have his signing bonus repaid, and they’ll receive a full cap credit for his $1.8M cap hit this season. Moore was going to compete for a depth role at the safety position this summer, so it’s a toss-up if Detroit will keep him on the books through this suspension.
UPDATE: The Lions have released Moore and will certainly look to recoup his $1.4M signing bonus immediately.

WR Quintez Cephus

Was entering the final year of his rookie contract in Detroit, set to earn a non-guaranteed $1.01M. If his indefinite suspension of at least 1 year and the Lions decide to keep him around, his salary will toll to 2024. The Lions can push to recoup $76,072 of his signing bonus (the 2023 proration), and gain a cap credit for that after the 2023 season. Cephus was projecting as a Top 6 WR for the Lions in 2023, so there’s a chance he’s kept on the books for a chance to compete in 2024. 
UPDATE: The Lions have released Cephus.

DE Shaka Toney

Was entering Year 3 of his rookie contract with the Commanders, set to earn a non-guaranteed $940,000. If his indefinite suspension of at least 1 year is upheld, and the Commanders decide to keep him rostered, his 2023 & 2024 salaries will toll to 2024 & 2025. Washington can push to recoup $23,238 of his signing bonus (the 2023 proration), and gain a cap credit for that after the 2023 season. Currently 6th on the depth chart among Washington DEs, it wouldn’t be surprising to see the Commanders move on quickly here.

WR Jameson Williams

Missed 11 weeks of 2022 due to injury, and is now expected to miss 6 more of 2023 due to his involvement in this gambling violation. The 22 year old was set to earn a fully guaranteed $1.5M this season, with another 2 years, $5.3M plus a 5th year option in 2026 still remaining on his rookie deal. Williams will forfeit just under $500,000 for the 6 weeks missed in 2023. Furthermore, the salary guarantee on his remaining $6.87M will now void. The Lions may also look to recoup $823,290 of his signing bonus (6 weeks of his 2023 proration) per this suspension.

WR Stanley Berryhill

Signed a 1 year, $870,000 non-guaranteed reserve/future contract to remain in Detroit this past January. He was a depth piece and a training camp body heading into the summer, but will now likely be moved on from with a 6-game suspension attached to his 2023 season. If he sticks around, he’ll forfeit $290,000 in salary for the time missed.

Michael GinnittiApril 13, 2023

Joe Burrow (QB, CIN)

Burrow is guaranteed $35M over the next two seasons in Cincinnati, but he’s done more than enough to garner an immediate extension in his first offseason of eligibility. He projects to a 6 year, $275M contract in our system, which would mean $310M in total value over the next 8 seasons. Kyler Murray’s 7 year total contract averages just under $38M per year (with $219M of his $265M likely to be earned). Will Burrow accept a deal of similar format but at a $40M total contract AAV (7/280, 8/320)?

Jalen Hurts (QB, PHI)

Hurts steps out of a Super Bowl runner-up season and into a contract year with the Eagles, becoming extension eligible for the first time. Philly hasn’t been shy about their intent to lock up their QB1 this offseason, and there’s a 6 year, $265M ($44M per year) valuation for him in our system. It’s logical to assume the deal approaches $48M per year when all said and done however. UPDATE: Hurts agreed to a 5 year, $255M extension

Justin Herbert (QB, LAC)

Herbert is guaranteed $33.7M over the next two seasons, coming off of a season where he completed north of 68% of his passes, despite career lows in TDs, Yards/Game, and Passer Rating. Herbert’s Chargers haven’t found the team success that Burrow’s Bengals or Hurts’ Eagles have yet, but that shouldn’t keep LA from locking in their QB1 this offseason. Herbert holds a $44M valuation in our system, projected to a 6 year, $265M extension (8 years, $300M total value).

Lamar Jackson (QB, BAL)

It would be wrong to leave Lamar off of this list, despite the idea that an extension this offseason is becoming less likely every day. Let’s just keep this one simple for now: Take the $32M franchise tag figure, convert it into a signing bonus, and take on $100M more - fully guaranteed through 2025. Use void years and a few cap conversions to keep the annual hit tenable, lower the risk slightly for Baltimore, and give Lamar Jackson a chance to reset this whole process in 2026 - his age 29 season.

Saquon Barkley (RB, NYG)

Barkley won’t be joining the Giants this spring while his $10M franchise tag remains unsigned. We’ve laid out a projected look at what a multi-year extension going forward might look like here: https://www.spotrac.com/news/next-contract-saquon-barkley-1847/

CeeDee Lamb (WR, DAL)

Lamb has put together back to back strong campaigns in Dallas, setting himself up to be the next notable rookie extension at the WR position. He carries a 4 year, $90M valuation in our system to date, though A.J. Brown’s $25M per year deal in Philly has to be in the conversation here.

Michael Pittman Jr. (WR, IND)

The 2020 2nd rounder enters a contract year with the Colts, coming off of a 96 catch, 900 yard, 3 TD season in 2022. He’s caught 185 balls over the past two seasons, despite an inconsistent Colts offense (to say the least). Christian Kirk’s 4 year, $72M deal with the Jags is a strong comp right now, though any team that values him as a true WR1 going forward will almost certainly be asked to go north of $20M per year.

Dexter Lawrence (DT, NYG)

Lawrence enters his 5th-year option season with the Giants, set to earn a fully guaranteed $12.407M in 2023. He’s coming off of a career year, posting 7.5 sacks, 68 tackles, and 2 forced fumbles last season. Recent deals for Jeffery Simmons & Daron Payne have strengthened the defensive tackle market, raising Lawrence’s calculated valuation to a near $20M per year. A 4 year, $80M contract extension should be considered a floor for the 25-year-old this offseason.

Quinnen WIlliams (DT, NYJ)

Williams has combined for 18 sacks, 104 tackles and 2 forced fumbles in the past two seasons, putting him in line for a top of the market extension in NY. He finished 2022 as PFF’s #4 overall interior defender, currently projecting to a 4 year, $106M contract extension in our system.

Nick Bosa (DE, SF)

It’s been a quiet year for edge rushers, with much of the attention being subverted to the interior defensive line in recent weeks. Nick Bosa’s extension in San Francisco should quickly change that, as the 25-year-old carries a baseline valuation north of $28M right now. He’s entering his 5th-year option season, with $17.85M fully guaranteed in front of him. Will a 5 year, $145M offer, $105M+ guaranteed get this one done?

Michael GinnittiApril 12, 2023

Saquon Barkley’s now public decision to hold out indefinitely from his $10M franchise tag shouldn’t come as much of a surprise - and it comes with no penalty as well. As a technically unsigned player, Barkley (and all other franchise tagged players) are considered not under contract, and therefore have nothing to hold out from. They can report prior to Week 1 of the regular season, and still be eligible to earn their full franchise tag value. In other words - this could take awhile.

The play here is to eventually secure a multi-year extension, something Barkley and the Giants have been working on for the better part of a year to date. We’ll take a look at the figures involved here, including a projected contract that could solve this issue.

The Current Running Back Market

I was inclined to leave this blank for effect, but the truth here is that Barkley’s contract is important to how this position progresses over the course of the next few offseasons (albeit slight progression).

Christian McCaffrey signed his $16M per year extension almost exactly 3 full years ago. That’s how long the top average salary at this position has been held, and there’s no sign of it toppling in the coming months either.

Alvin Kamara ($15M) & Dalvin Cook’s ($12.6M) contracts were signed in September of 2020. Derrick Henry ($12.5M) signed in July of 2020. And Nick Chubb ($12.2M) signed in July of 2021. Ezekiel Elliott’s ($15M) recently extinguished contract stemmed from September of 2019.

To say things have been trending downward is an understatement.

RELATED: Highest Average Paid Running Backs

But the guarantees have improved, right? Those same Top 5 average salary names also still hold the Top 5 guarantee values as well. On average, 52% of the Top 10 active running back contracts are practically guaranteed.

So where does Barkley fall in all of this?

Saquon Barkley’s Value

Our latest valuation for Saquon Barkley (analyzing his 2021-2022 campaigns), places him at a $12.3M per year figure, or a 4 year, near $50M total value contract. If we take that 52% guaranteed number from above, we’re talking about $26M practically guaranteed, or 2 years, $26M practically speaking.

The easy way to contrast and compare here is to base our valuation against his current reality - two franchise tags. His 2023 tender comes in at $10,091,000. A second franchise tag is calculated as 120% of that number, or $12,109,200. These two tags combine for $22.2M.

So in theory, our fair market valuation for Barkley only represents a $4M guarantee increase over a simple two-tag plan.

Where does the $26M rank in terms of other top running backs?

1. McCaffrey, $38.1MM
2. Kamara, $33.8M
3. Cook, $28.1M
4. Henry, $25.5M
5. Chubb, $20M

Formulating a Projected Contract

We’re going to get a little creative here:
A) Because the Giants have shown that they’re not going to overload any single contract - including their QB1s.
B) Because it’s wrong to do a piece like this and just ignore the injury history and red flags that come with extending Saquon Barkley - despite his outstanding comeback season in 2022.

Here’s the compromise - a little less on the full guarantee, a little more on the total value, and even more available via active roster bonus & attainable - but not likely to be earned for cap purposes - incentives.

Here’s what a 4 year, $52M contract, $13M per year, $24M fully guaranteed at signing might look like.

The deal carries a $5.25M cap hit for the upcoming season, nearly cutting his current tag price in half - while paying out $14.25M cash - an increase of $4.25M. Barkley has a chance to make $26M over the next two seasons, aligning with the $13M per year AAV, as long as he's active for all 17 weeks each year. The Giants have been aggressively building in per game active bonuses even for players without Barkley's injury history - so it's a lock that they'll need to be factored in here.

Barring a cap conversion (potentially with the $6M fully guaranteed roster bonus due next March), the Giants will be able to walk away from this contract if needed after the 2024 season, with a $6M dead cap hit, freeing up $9.5M of space immediately.

Additionally we've factored in some common incentive offerings, all of which are not likely to be earned for cap purposes out of the gate. Barkley accounted for 1,650 yards from scrimmage last season, so we've started the yards package at 1,651 and forward. He accounted for just under 80% of the Giants offensive snaps last season (83% in his outstanding rookie year), so assuming he can hit 80%, and the Giants clinch a playoff spot - he can cash another $500,000 per year. In total there are $2M of available incentives annually on this deal - a huge number based on what we've seen in recent running back contracts, but something that I believe the top players at this position should be fighting for. If the guarantees and base pay isn't going to increase at the rate that the rest of the league is - these players should be compensated if and when they are great - and many of them are. Oh, and by the way - should Barkley play out all 4 seasons on this projected contract AND max out the $2M per year of incentives, it becomes a 4 year, $60M contract, or $15M per year. McCaffrey's number still stands alone.

Michael GinnittiMarch 28, 2023

Amidst continued contract turmoil between Lamar Jackson and the Baltimore Ravens, and looming extensions for Justin Herbert, Joe Burrow, & Jalen Hurts, let’s readdress Patrick Mahomes’ 10 year, $450 million deal in Kansas City.

Mahomes is entering Year 4 of his 12 year, $480M total value contract with the Chiefs, set to earn $40.45M for the 2023 season. In total, the deal contains 9 years, $414.55M remaining to be earned. But just how much of that will Mahomes actually earn?

Hopefully this helps shed a little light…

If he is released during the 2023 league year
The Chiefs would be left with $134.3M of dead cap, $117.3M of which is cash. ($183M / $480M earned)

If he is released before the 2024 league year (Age 29)
The Chiefs would be left with $97.6M of dead cap, $77.4M of which is cash. ($183M / $480M earned)

If he is released during the 2024 league year
The Chiefs would be left with $100M of dead cap, $79.9M of which is cash. ($186M / $480M earned)

If he is released before the 2025 league year (Age 30)
The Chiefs would be left with $53.5M of dead cap, $41.95M of which is cash. ($186M / $480M earned)

If he is released during the 2025 league year
The Chiefs would be left with $90M of dead cap, $80.85M of which is cash. ($225M / $480M earned)

If he is released before the 2026 league year (Age 31)
The Chiefs would be left with $43.7M of dead cap, $38.9M of which is cash. ($225M / $480M earned)

If he is released during the 2026 league year
The Chiefs would be left with $96.1M of dead cap, $91.35M of which is cash. ($277M / $480M earned)

If he is released before the 2027 league year (Age 32)
The Chiefs would be left with $51.8M of dead cap, $49.4M of which is cash. ($277M / $480M earned)

If he is released during the 2027 league year
The Chiefs would be left with $106.8M of dead cap, $104.4M of which is cash. ($332M / $480M earned)

If he is released before the 2028 league year (Age 33)
The Chiefs would be left with $44.45M of dead cap, $44.45M of which is cash. ($332M / $480M earned)

If he is released during the 2028 league year
The Chiefs would be left with $89.4M of dead cap, $89.4M of which is cash. ($377M / $480M earned)

If he is released before the 2029 league year (Age 34)
The Chiefs would be left with $44.95M of dead cap, $44.95M of which is cash. ($377M / $480M earned)

If he is released during the 2029 league year
The Chiefs would be left with $95.4M of dead cap, $95.4M of which is cash. ($429M / $480M earned)

If he is released before the 2030 league year (Age 35)
The Chiefs would be left with $50.4M of dead cap, $50.4M of which is cash. ($429M / $480M earned)

If he is released during the 2030 league year
The Chiefs would be left with $64.35M of dead cap, $64.35M of which is cash. ($441M / $480M earned)

If he is released before the 2031 league year (Age 36)
The Chiefs would be left with $13.9M of dead cap, $13.9M of which is cash. ($441M / $480M earned)

 

Notable Notes

It’s crucial to understand that the dead cap figures noted above are based on the contract as it stands today. Every future restructure/cap conversion will increase those figures exponentially.

With that said, the first real considerable “out” in this deal comes before the 2026 league year. If the contract remains as is (it won’t), Kansas City will be left with a $43.7M dead cap hit ($39M of which will be straight cash to Mahomes). If we assume a $255M league salary cap for 2026 (low estimate), this dead hit represents just over 17% of that figure. For reference, Aaron Rodgers’ traded dead cap hit will represent almost 18% of the 2023 league cap.

There’s no point in time where Patrick Mahomes can be released without the Chiefs having to fork over a pile of future cash.

If we lop off the 2031 season ($38.5M of that cash doesn’t vest until March 2031), Mahomes is staring down 8 years, $376M from 2023-2030, an average of exactly $47M per year. Even if the salary cap rises to $300M during this span, Mahomes adjusted AAV will still live north of 15% of that figure.

Is this a fully guaranteed contract? No. Is this a creative way to make sure a star QB makes a ton of money without having to pump all $500M into escrow out of the gate? Yes. Are there a few difficult but doable outs in the middle of this deal should the Chiefs need to bail? Yes. Will salary conversions make those outs more difficult? Yes.

Will Mahomes stay in this contract through 2030? I wouldn’t say it’s likely. The QB market isn’t going to plummet, so the numbers coming in around him are going to be tantalizing in a few seasons. The 2027 league year seems a prudent line of demarcation for both sides here. 1) Mahomes will be set to earn just under $60M cash that season. 2) $104.4M of future salary becomes fully guaranteed in March of 2027. Taking that cash and converting it into a newly structured contract that better aligns with the current QB market can be beneficial for both sides.

Michael GinnittiMarch 27, 2023

Arizona Cardinals

Top 51 Space: $21.4M

Pause.
Add: Kyzir White (LB, PHI, 2 years, $10M / 1 year, $5M) Has 250 tackles in the past two seasons.
Subtract: Zach Allen (DE, DEN, 3 years, $47.5M / 2 years, $32M) Arizona is simply not in the business of 2 year deals right now. DeAndre Hopkins’ eventual trade will soon top this list.

 

Atlanta Falcons

Top 51 Space: $22.4M

Gas pedal half way down.
Add: Jessie Bates III (S, CIN, 4 years, $64M / 2 years, $36M) Top 5 free agent on most lists, fills at least 1 of ATL’s biggest holes. Keeping the O-Line intact (Lindstrom, McGary) is a close 2nd here.
Subtract: Calvin Ridley (WR, JAX, 1 year, $11M) ATL secures a 5th this year, and at least a 3rd next year (assuming he plays a normal season in JAX). If Jacksonville extends Ridley, that turns into a 2nd - which then becomes decent return value. Ridley should be on this ATL squad.

 

Baltimore Ravens

Top 51 Space: $7M

No Guarantees
Add: None.
Subtract: Ben Powers (G, DEN, 4 years, $51.5M  / 2 years, $27M) Is he an elite interior lineman? Nope. But $13.5M per year for 2 years isn’t elite interior lineman pay. Losing an experienced lineman in a spring where the QB position is in complete flux seems like backwards thinking.

 

Buffalo Bills

Top 51 Space: $10M

Still really good.
Add: Jordan Poyer (S, BUF, 2 years, $12.5M / 1 year $7M) Poyer’s return in any capacity was a welcomed surprise. But a return on a 1 year, $7M practical contract seems like a complimentary dessert course after dinner.
Subtract: Tremaine Edmunds (LB, CHI, 4 years, $72M / 3 years, $57M) The price was always going to be out of range, but Edmunds really (finally) settled into his role at the center of Buffalo’s defense last season. It appears the Bills will utilize the draft to replace him.

 

Carolina Panthers

Top 51 Space: $28M

Aggressive.
Add: The #1 overall pick. No offense to Adam Thielen, Miles Sanders, etc… but a team handing out 4 picks and a starting wide receiver to move up in the draft will always get the nod here. The trade was processed early enough to believe they’ll at least consider listening to flip offers.
Subtract: D.J. Moore (WR, CHI) The player included in the #1 pick swap, has 3 years, $52M remaining on his contract. If Moore lives up to WR1 status, it’s outstanding value for Chicago.

 

Chicago Bears

Top 51 Space: $38M

Eagles 2.0?
Add: 10 players at $120M guaranteed. All of them are upgrades, most of them will start in 2023.
Subtract: The #1 pick. Obviously the plan here is to put a roster around Justin Fields that proves he’s worthy of the role going forward. If that doesn’t turn out to be the case, then what are we even doing here?

 

Cincinnati Bengals

Top 51 Space: $17M

Stay the course.
Add: Orlando Brown Jr. (OT, KC, 4 years, $64M / 2 years, $42M) Brown’s stock dropped in 2022, but he’s still an upgrade for a Bengals team that won’t stop trying to keep Joe Burrow protected in this contention window.
Subtract: Jessie Bates III (S, ATL, 4 years, $64M / 2 years $32M) There’s a world where Bates falls victim to having “1 elite season” with a lot of above average play elsewhere. But losing both Bates and Vonn Bell in the same offseason will be a tough hill to climb on the field, even if rebuilding the position through the draft will ease the pain financially speaking.

 

Cleveland Browns

Top 51 Space: $10M

Stuck, unless Deshaun arrives.
Add: Juan Thornhill (S, KC, 3 years, $21M / 2 years, $14M) A sneaky quiet signing with a player that KC absolutely wanted to retain this spring. Thornhill replaces recently released John Johnson, and should be an immediate upgrade to the secondary. Also, a facelift on the interior defensive line was necessary - but it feels like Cleveland is having to do this every offseason.
Subtract: Pick #42. I realize that moving back 32 spots in order to acquire WR Elijah Moore on a 2 year, $3.3M contract shouldn’t feel like much of a risk, but this feels like a buyer beware scenario in a spot where Cleveland should be aggressively trying to put the best possible set of weapons around Deshaun Watson in Year 2.

 

Dallas Cowboys

Top 51 Space: $16M

Still really good.
Add: Brandin Cooks (WR). This probably should have happened last November, but here we are a few months later, with Houston retaining $6M of the $18M guarantee for 2023. Dallas now owes their WR2 $12M this year, and a reasonable $8M in 2024 (non-guaranteed).
Subtract: Dalton Schultz (TE, HOU) While full details aren’t yet available, it appears the Texans scored Schultz at around $6M base value for 2023. Dallas certainly wasn’t interested in a multi-year guarantee here, but not kicking the tires on this 1-year showcase contract seems like a miss. Was Schultz the one saying no here?

 

Denver Broncos

Top 51 Space: $7M

Let Russ Sit in the Pocket.
Add: Sean Payton (COA). No offense to the completely rebuilt right side of the offensive line, but bringing in a new adult to manage this discombobulated roster was the single most important need for Denver this offseason.
Subtract: Dre'Mont Jones (DE, SEA, 3/51.3, 1/23.5) Denver isn’t exactly flush with defensive linemen these days, and Jones showed ability to get to the QB from both inside and outside last season. Seattle’s $23M Year 1 cash flow likely scared off more than a few other contenders here though.

 

Detroit Lions

Top 51 Space: $25M

The Corner has been Turned.
Add: Chauncey Gardner-Johnson (S, PHI,1 year, $6.5M) CGJ was a ball hawk when available to Philly last season, and it’s his injury history that likely tempered his contract this free agency. The Lions are happy to be that showcase team for 2023. His ability to turn the ball over may win the Lions a ballgame or two this season, and the price is certainly right.
Subtract: Jamaal Williams (RB, NO, 3 years, $12M / 2 years, $8.1M) He’s almost 28 year old, so shame on me for calling this a tough loss, but the Lions haven’t had many things work for them over the past decade. Williams’ ability to find the endzone for this team might not be replaceable - even at this stage of his career.

 

Green Bay Packers

Top 51 Space: $22M

Love interest.
Add: Matthew Orzech (LS, LAR, 3 years, $3.6M/1 year, $1.1M) If you don’t regular follow the Packers in March, you might be surprised to find out that they’ve made almost zero significant movement yet. This is just the status quo, and - quite obviously - larger transactions are brewing.
Subtract: Allen Lazard (WR, NYJ, 4 years, $44M / 2 years, $22M). Rodgers’ forthcoming trade aside, losing Lazard, an experienced weapon, is a downgrade for Jordan Love’s offense, that appears to be flush with youth for the upcoming season.

 

Houston Texans

Top 51 Space: $25M

Strength in numbers.
Add: Volume. For the second offseason in a row, the Texans lead the world in numbers of players signed to 1 year (actual or practical) contracts.
Subtract: Ogbonnia Okoronkwo (DE, CLE, 3 years, $19M / 2 years, $13M) Posted a career year in 2022 on a weak Houston defense and at 27 years old would have made sense as being factored in as one of the “core players”.

 

Indianapolis Colts

Top 51 Space: $21M

Different but the same.
Add: Gardner Minshew (QB, PHI, 1 years, $3.5M) Let’s say the draft doesn’t break their way and they end up with more of a “project” QB, and the Lamar Jackson offer sheet option doesn’t break their way and the Colts end up having to work from within for 2023. Minshew at $3.5M is a more than capable option, especially when paired with a solid offensive line, an elite running back, and a wide receiver ((Pittman) projected to break out next season.
Subtract: Bobby Okereke (LB, NYG, 4 years, $40M / 2 years, $22M) It was a big free agency for off ball linebackers with prices ranging from vet minimum to $18M per year. Okereke falls somewhere in the middle, despite 275 tackles over the past two seasons, and Top 5 production in 2022 alone.

 

Jacksonville Jaguars

Top 51 Space: $11M

The calm after last year’s storm.
Add: Calvin Ridley (WR) So many fringe contenders make a splashy March move to add another weapon to their young QB’s arsenal that helps push them to the next level. Jacksonville secured this in November. Ridley’s on a 1 year, $11M (non-guaranteed) showcase deal that could turn into a gamechanger.
Subtract: Jawaan Taylor (OT, KC, 4 years, $80M / 3 years, $60M) We knew the money was going to be crazy, but factor in $60M of practical guarantees plus the Chiefs, and it’s hard to blame Taylor for leaving the Jags this March.

 

Kansas City Chiefs

Top 51 Space: $6M

Surprising amount of turnover?
Add: Jawaan Taylor (OT, JAX, 4 years, $80M / 3 years, $60M). The Cheifs opted to pay Taylor $60M over the next 3 seasons instead of retaining Orlando Brown Jr, who secured $49M through 2025 with Cincy.
Subtract: Juan Thornhill (S, CLE, 3 years, $21M / 2 years, $14M) Thornhill was a Top 20 safety last year in a contract season and wound up at $7M per year through 2024 in Cleveland. This seems like one the Chiefs should have ponied up for.

 

Las Vegas Raiders

Top 51 Space: $15M

One leg going down, one leg going up.
Add: Pick #100. I realize I’m avoiding the 20 players who were signed this free agency thus far (including a new QB1), but securing pick #100 for Darren Waller last week seems like the kind of move we look back in on 3 years and gush at the player that was selected. It’s a really deep early Day 2 draft, and the Raiders now have more ammo for it.
Subtract: Jarrett Stidham (QB, DEN, 2 years, $10M | 1 year, $4M). I know, this seems lazy, but Garoppolo’s ability to be available for 18 weeks seem impossible based on his track record, and Stidham at least showed signs of being capable to handle Josh McDaniels’ system on a loaner rate. Losing this familiarity seems like a miss.

 

Los Angeles Chargers

Top 51 Space: $16M

A little too quiet.
Add: Eric Kendricks (LB, MIN, 2 years, $13.25M | 1 year, $6.75M) As the only player the Chargers have added from another team this March, Kendricks was the obvious choice here - but he’s also a solid add. Letting him manage business behind the likes of Bosa & Mack seems like a very nice triangle setup for the Chargers in 2023.
Subtract: Drue Tranquill (LB, KC, 1 year, $3M) LAC probably believes they’ve upgraded here with the above Kendricks signing, but anytime you lose a viable start to a division rival on a value contract, it has to at least be noticed.

 

Los Angeles Rams

Top 51 Space: $14M

Storyline. Shut it down.
Add: A third-string TE and pick #77. I realize that money does a lot of the negotiating within a trade package, but the Rams  - a franchise in desperate need of draft picks - simply didn’t get enough back for their biggest trade chip in Jalen Ramsey. How do we know this is true? The Dolphins took his traded salary, guaranteed it, and added another year at that price - and guaranteed that.
Subtract: Bobby Wagner (LB, SEA, 1 year, $7M) Obviously this was played induced, but Wagner was outstanding for the 2022 Rams, chose to opt out of $11M in 2024 to stay, and chose to sign back with division rival Seattle at just $7M max.

 

Miami Dolphins

Top 51 Space: $4M

Getting Defensive.
Add: Jalen Ramsey is the obvious choice here, but the Dolphins quietly added 3 Day 1 starters on the defensive side of the ball in Ramsey, MLB David Long and S Deshon Elliott. Mike White as the new QB2 is also a very intriguing add here.
Subtract: Elandon Roberts (LB, PIT, 2 years, $7M / 1 year, $3.5M) Roberts had a career year in 2022 and was likely secured a starting spot in Pittsburgh as part of his negotiations. The move leaves Miami a little thin in the linebacker spot, but the draft should close that gap shortly.

 

Minnesota Vikings

Top 51 Space: $1.4M

One and Done?
Add: Byron Murphy (CB, ARI, 2 years, $17.5M / 1 year, $8.6M) With Patrick Peterson off to Pittsburgh, the Vikings could have slow-played this position and let the youth simply rise to the top. Adding a 25-year-old Murphy on a 1 year guarantee is a really nice depth play for Minnesota, who appear to be thinking only about 2023 right now (rightfully so).
Subtract: Dalvin Tomlinson (DT, CLE, 4 years, $57M / 3 years, $42.5M) This contract was probably $15M + 1 year too long for Minnesota’s liking, but he’s a body they’ll need to replace in the coming weeks still. 

 

New England Patriots

Top 51 Space: $14M

Sneaky better?
Add: Mike Gesicki (TE, MIA, 1 year, $4.5M) Stop me if you’ve heard the high hopes for a TE joining the Patriots narrative, but this one at least comes with financial value from the get go. Gesicki + JuJu Smith-Schuster at a combined $14,5M cash this year could be a really nice shot in the arm to the Patriots’ offense - especially if a certain upgrade at QB1 comes to fruition.
Subtract: Damien Harris (RB, BUF, 1 year, $1.77M) Harris was outplayed by Rhamondre Stevenson down the stretch, but that would have been the case for plenty of RBs across the league. Losing him to a division rival at $1.5M guaranteed seems like a miss.

 

New Orleans Saints

Top 51 Space: $15M

Still hanging on.
Add: Derek Carr (QB, LV, 4 years, $150M | 2 years, $70M) Does Carr represent a major upgrade from the past few seasons of Jameis Winston & Andy Dalton? There are believers on both sides of that equation. But it probably didn’t take the Saints front office too long to look around their division, assess the kind of moves that were available to them this March, and pull the trigger on another “rebuild on the fly” offseason.
Subtract: David Onyemata (DT, ATL), Kaden Elliss (LB, ATL) Shy Tuttle (DT, CAR) Losing a trio of reliable defensive pieces to a division rival isn’t ideal, and when you factor in the loss of Marcus Davenport (MIN), it’s safe to assume if the Saints have simply gone through too much turnover on one side of the ball to remain competitive.

 

New York Giants

Top 51 Space: $4M

Run it back.
Add: Darren Waller (TE, LV, 4 years, $52M / 1 year, $11.875M) Not in love with forfeiting the #100 pick to acquire him, but a healthy Waller is a top-flight weapon for Daniel Jones to work with in 2023. You paid the QB, you trust the new system, might as well upgrade the accessories.
Subtract: Julian Love (S, SEA, 2 years, $12M / 1 year, $6.3M) Love posted a career year in 2022 and just turned 25 years old. The Giants clearly had a line of demarcation on bringing him back, and Seattle simply surpassed it.

 

New York Jets

Top 51 Space: $2.3M

All-In.
Add: Nathaniel Hackett (OC). This was supposed to be how the Broncos got Rodgers to Denver. Now it appears that the Jets will successfully pull off that plan, along with a familiar face or two (Allen Lazard, etc…). Hackett + Rodgers should represent a strong upgrade from what the Jets have been able to produce in the past few seasons. And that alone might be enough to make them legitimate AFC contenders.
Subtract: Elijah Moore (WR, CLE) Moore was a trade candidate even before the Aaron Rodgers conversation picked up steam, and this move satisfies one of two outcomes. 1) It becomes a more attractive pick (#42 versus #74) for trade purposes. 2) It becomes a better pick to actually use in replacing a player like Moore this April. 

 

Philadelphia Eagles

Top 51 Space: $11.5M

Notable Losses.
Add: Jason Kelce (C, PHI, 1 year, $14.25M) Cheating here, but it can’t be stated how important Kelce’s return is to Jalen Hurts and the organization as a whole. Kelce’s new deal carries a fake salary in 2024 that will allow the Eagles to move on from him Post June 1st next offseason (if he decides to hang them up).
Subtract: Miles Sanders (RB, CAR, 4 years, $25M / 2 years, $13.2M) It’s getting harder and harder to say that losing a RB in the offseason is a problem, but Sanders’ value to this Eagles offense was underrated in many regards. When he was knocked out of the Super Bowl early on, the offense never found the running game again. Philly likely covers this concern up dramatically with a high (potentially very high) draft selection this April.

 

Pittsburgh Steelers

Top 51 Space: $10M

Slow progress
Add: saac Seumalo (G, PHI, 3 years, $24M / 1 year, $8.25M) Seumalo turned a career year into a nice free agent deal, and represents another upgrade on the offensive line for a Pittsburgh team in much need for it. As with 99% of Steelers’ contracts, it’s a 1 year guarantee on its head.
Subtract:
Chase Claypool (WR, CHI) Claypool was moved to Chicago at last November’s deadline, but the reward comes in the coming weeks, as the Steelers will have the #32 overall selection in the draft thanks to the trade. Addition by subtraction.

 

San Francisco 49ers

Top 51 Space: $5M

D-Line for Days
Add: Javon Hargrave (DL, PHI, 4 years, $84M / 2 years, $41M) Hargrave leaves a great Philly defensive line for an equally great 49ers unit. It’s also an excellent contract for a player already north of 30 years old. There’s an awful lot to like here.
Subtract: Mike McGlinchey (RT, DEN, 5 years, $87.5M / 3 years, $52.5M). The Broncos simply outpriced everyone here. Any free agent contract that has 3 years of practicality out of the gate is an outstanding deal for the player. It stands to reason that an early Day 2 draft pick is focused here.

 

Seattle Seahawks

Top 51 Space: $10M

Operating in parallel worlds.
Add: Dre'Mont Jones (DE, DEN, 3 years, $51M / 1 year $23M). The Seahawks added Jones in the same regard that they brought back Geno Smith - a slight front loaded overpay, with a practical out after 2023. Why is this important? Their draft capital affords them the opportunity to address both the Edge Rusher and QB1 positions in a couple of weeks. Depending on how that all plays out, they can stagger their finances in these areas as needed. Smart business.
Subtract: Rashaad Penny (RB, PHI, 1 year, $1.35M) Penny was a mixed bag in his 5 seasons in Seattle, and injuries are a big part of his resume, but he showed plenty of flashes of great worth in this Pete Carroll system. Seattle will rely on Kenneth Walker Jr. now, and will almost certainly spend another worthy draft pick on his RB2 in the coming weeks. 

 

Tampa Bay Buccaneers

Top 51 Space: $5.7M

Stuck but still involved.
Add: Lavonte David (LB, 1 year, $7M) Most teams in TB’s situation would opt to rip this band-aid off and run it into the ground, but a few notable veteran contracts with upside down dead cap scenarios really hampered their ability to do so. Getting a player like David (and CB Jamal Dean for that matter) really fortifies their ability to compete in 2023. New QB Baker Mayfield has had worse options around him.
Subtract: Rakeem Nunez-Roches (DT, NYG, 3 years, $12M / 1 year, $5.5M) Not a position the Buccaneers were interested in pumping more money into in their current iteration, but the Giants get a good player to add to their already bolstered defensive line. 

 

Tennessee Titans

Top 51 Space: $8M

Cap & standings casualties.
Add: Andre Dillard (OT, PHI, 3 years, $29M / 2 years, $17M) Taylor Lewan’s release put the Titans behind the 8 ball on the edges of their offensive line, so this signing isn’t only necessary, it has a chance to hold plenty of value at around $8.5M per year guaranteed. Dillard projects to be the starting left tackle, but that might change based on draft selections.
Subtract: David Long (LB, MIA, 2 years, $11M / 1 year, $5.5M) Struggled to stay on the field the past two seasons, but also improved mightily across his first 4 NFL seasons. The Dolphins’ scored a Day 1 starter in the middle of their defense at a reasonable 1 year tender.

 

Washington Commanders

Top 51 Space: $3M

A roster ready for a better QB.
Add: Jacoby Brissett (QB, CLE, 1 year, $8M) A really undersold move, as the Commanders have been vocal about giving youngster Sam Howell the keys to this team. But Washington has enough of a roster to compete in the NFC East, and if the wheels fall off early, Brissett has shown he’s more than capable of picking up the pieces and holding together a stable offense.
Subtract: Cole Holcomb (LB, PIT, 3 years, $18M / 1 year, $6M) He missed half of 2022, but is 1 season removed from 140 tackles, 2 forced fumbles, 2 interceptions and a sack. He can fill up the stat board better than most - and now joins Linebacker U.

Michael GinnittiMarch 21, 2023

Now a week deep, we'll take a positional look at the largest signing, most interesting contract, and best available players across the 2023 NFL offseason. Related: 2023 NFL Free Agency Tracker

Quarterback

Top Contract

Derek Carr (Saints)
4 years, $150,000,000 ($70M practically guaranteed)
Carr locked in $60M fully guaranteed at signing with his new franchise, with another $10M set to become fully guaranteed next March. If it all goes wrong, the Saints can cut bait after 2024 for a $27.1 dead cap hit ($10M cash), saving $18.5M. For now though, 3 years, and $100M seems practical.

Of Interest

Baker Mayfield (Buccaneers)
1 year, $4M ($4M guaranteed)
The Buccaneers should offer Mayfield every opportunity to start all 17 weeks in 2023, making his $4M base value a potential bargain. There’s $4.5M of incentives built into this deal, but it’s a really smart reset scenario for both sides here.

Best Available

Carson Wentz (30)
He’s faltered out of his last two starting roles, so a backup contract is almost a certainty this time around. Baker Mayfield’s 1 year, $4M contract is a likely target.

Running Back

Top Contract

Miles Sanders (Panthers)
4 years, $25,000,000 ($13M guaranteed)
Sanders has the largest average salary, practical guarantee, and guarantee at sign figure among all free agent running backs, finding a solid payday in Carolina for the next two seasons. The Panthers will be able to free up over $5M to move on after 2024, making this a 2 year, $13.4M deal for practical purposes.

Of Interest

Alexander Mattison (Vikings)
2 years, $7,000,000 ($6.35M guaranteed)
The Vikings made a bit of a statement here in bringing back their RB2 on a healthy $6.35M guarantee. It stands to reason that Dalvin Cook’s time in Minnesota is limited - potentially even immediately speaking.

Best Available

Ezekiel Elliott (27)
A lot has been made about Zeke not living up to the massive contract Dallas handed him 4 years ago, but the production he was able to put together when healthy shouldn’t be overlooked. He’s already shown he can complement another RB, and he’ll be asked to do that again somewhere else in 2023.

Wide Receiver

Top Contract

Allen Lazard (Jets)
4 years, $44,000,000 ($22M guaranteed)
Lazard slots in as a proven #2 behind stud Garrett Wilson (though the Jets may not be done adding firepower), on a 2 year, $22M deal for practical purposes. A void year keeps his 2023 cap figure down to $3.2M.

Of Interest

Parris Campbell (Giants)
1 year, $4,700,000 ($2.9M guaranteed)
The Colts #59 selection back in 2019 finally found some footing in 2022 (57 catches, 581 yards, 3 TDs), and now gets a chance to build on that with a Giants offense that also found some footing last season.

Best Available

Odell Beckham, Jr. (30)
Yes he’s coming off of two ACL tears, and the idea of him playing a full 17-week season again seems unimaginable, but if the price is right (1 year, $4M-$8M + incentives) a roster that’s simply looking for a low ceiling depth add could find a lot of value here.

Tight End

Top Contract

Hayden Hurst (Panthers)
3 years, $21,750,000 ($13M guaranteed)
Hurst cashes in on a nice year with the Bengals, locking down what should be $15.25M total over the next two seasons. He’ll be a key option for what figures to be a new young QB in Carolina.

Of Interest

Robert Tonyan Jr. (Bears)
1 year, $2,650,000
Tonyan is two years removed from 50+ catches, 500+ yards, and 11 TDs alongside Aaron Rodgers’ MVP season. He was working back from injury last year, but was still a viable option in Green Bay. He joins a Bears squad where he can work in complement to Cole Kmet, with a young QB looking to make his name. The ROI on a sub $3M deal could be excellent here.

Best Available

Austin Hooper (28)
Hooper should be considered in the same conversation as Hayden Hurst, after an undetected strong 2022 campaign in Tennessee (41 grabs, 450 yards, 2 TDs). There should be a multi-year contract still sitting out there for him.

Offensive Line

Top Contract

Jawaan Taylor (OT, Chiefs)
4 years, $80,000,000 ($40M guaranteed)
KC wasted no time replacing Orlando Brown Jr., bringing over the Jaguars right tackle to switch over to left for the foreseeable future. Taylor gets $40M fully guaranteed up front, plus another $20M locked in next March. About as good as it gets on the open market these days.

Of Interest

Isaac Seumalo (G, Steelers)
3 years, $24,000,000
Seumalo had a breakout year after missing much of 2020-2021 due to injury. If he can maintain this level of play, he’ll be a massive upgrade at the left guard position for Kenny Pickett’s offense.

Best Available

Dalton Risner (G, 27)
Risner might never be an above average guard in this league, but his consistency and availability should be plenty to garner him a multi-year contract in the coming days. Is there $20M guaranteed out there?

Defensive Line

Top Contract

Javon Hargrave (49ers)
4 years, $84,000,000 ($40M guaranteed)
The Niners’ defensive line is starting to look like something out of the 70s on paper. It’s clearly a priority for this front office, as $40M fully guaranteed for a 30-year-old states out loud. All of the guarantees in this deal leave in the next two seasons, but it’s not crazy to assume that he gets 3 years, $61.5M out of this contract.

Of Interest

David Onyemata (Falcons)
3 years, $35,000,000 ($24.5M guaranteed)
The Falcons’ began their mass turnover on the defensive side of the of the ball with a strong contract to woo Onyemata away from division rival New Orleans. He’ll now park himself next to Grady Jarrett on the defensive line, and assuming he’s available (6 game suspension for PED in 2022), should immediately upgrade their ability to slow down an opponent.

Best Available

Poona Ford (DE, 27)
He’s been a bit of a one-trick-pony (run stuffer) since joining the league, but his pass rush numbers have ticked up slightly annually. There are plenty of teams looking to drop a player like this in the middle of their defense, and a 2 year, $12M deal should get it done.

Edge Defender

Top Contract

Arden Key (Titans)
3 years, $21,000,000 ($11.58M guaranteed)
Key turned a $4M prove it contract in Jacksonville into $11.5M fully guaranteed, with 2 years, $14M on the table for practical purposes. He’ll join a pretty solid Tennessee defense this season, and should fit in well with a strong cast of characters.

Of Interest

Marcus Davenport (Vikings)
1 year, $13,000,000 ($10M guaranteed)
Another Saints defender on the move, Minnesota adds an experienced pass rusher as leverage for what could be growing contention with players such as Za’Darius Smith & Danielle Hunter. The Vikings used void years to drop his 2023 cap figure down to $5.9M.

Best Available

Frank Clark (29)
Clark doesn’t have the numbers to top many “best of” lists, but he passes the eye test every single year. It stands to reason that the Chiefs would want him back in the fold at the right price, but there should be multiple offers on the table for his services at around the 1 year, $8M mark.

Linebacker

Top Contract

Tremaine Edmunds (Bears)
4 years, $72,000,000 ($50M guaranteed)
Edmunds peaked at the perfect time on his way out of Buffalo, and the Bears were ready to pounce with a massive deal. He’ll secure $22M in 2023, $42M thru 2024, and $57M thru 2025 - almost all of it fully guaranteed.

Of Interest

T.J. Edwards (Bears)
3 years, $19,500,000 ($7.9M guaranteed)
Chicago didn’t stop with one big off-ball linebacker signing. Edwards leaves the Eagles on what seems like a team-friendly 3 year, $19.5M deal, less than $8M fully guaranteed. He’ll complement Edwards in the middle of the Bears’ defense. Why didn’t the Eagles match a 1 for $8M contract here?

Best Available

Bobby Wagner (32)
Age is certainly a factor, but it didn’t appear to slow his game last season in LA. Wagner’s release wasn’t production-related - it was window-of-contention related. Every contender has reached out by now, and a 1 year, $7.5M deal + incentives should get it done.

Cornerback

Top Contract

Jamel Dean (Buccaneers)
4 years, $52,000,000 ($24.5M guaranteed)
Dean surprised most with a return to Tampa, and a deal less than $15M per year. He’s all but assured $25M+ over the next two seasons, so it’s a slightly backloaded structure. It stands to reason that Dean had stronger offers from elsewhere and simply wanted to return to the Bucs here.

Of Interest

Cameron Sutton (Lions)
3 years, $33,000,000 ($22.5M guaranteed)
Sutton leaves the Steelers for Detroit, bringing versatility and outstanding coverage numbers to a team desperate to slow down opponents this season. He earned $12.2M in 6 seasons with Pittsburgh. He’ll find $12M more in 2023 alone.

Best Available

Rock Ya-Sin (26)
Not yet 27, Ya-Sin isn’t going to provide numbers that jump off of the page, but he’ll complement an established secondary just fine going forward. The Ravens appear to have real interest here, though his $9M valuation could be too rich for their liking.

Safety

Top Contract

Jessie Bates III (Falcons)
4 years, $64,020,000 ($36M guaranteed)
One of the first big fish to be caught this March, Bates represents a massive upgrade to a Falcons’ secondary that has been absolutely torched in past seasons. He’ll cash in $23M this season thanks to an $18M signing bonus, with 2 years, $36M fully guaranteed at his disposal.

Of Interest

Jordan Poyer (Bills)
2 years, $12,500,000 ($6.24M guaranteed)
Poyer had moving boxes packed to leave Buffalo before Christmas, but clearly didn’t find the dollar figures he was hoping to on the open market - even from the tax-free state teams. His return to Buffalo on what could be a 1 year, $7M contract at minimum is all one big surprise.

Best Available

Taylor Rapp (25)
Rapp was asked to do a lot in LA, but his work as a pure tackler is what stands out most as he hits the open market. With many of the big names off the board, Rapp’s bottom line here might be pretty acceptable for interested parties. 2 years, $10M?

Scott AllenMarch 13, 2023
Michael GinnittiFebruary 27, 2023
QB

Ryan Tanehill

Team: TEN | Age: 34

2023 Cap: $36,600,000

PRE 6/1 RELEASE SAVINGS: $17.8M
PRE 6/1 TRADE SAVINGS: $17.8M
POST 6/1 RELEASE SAVINGS: $27M
POST 6/1 TRADE SAVINGS: $27M
Tannehill is entering a contract year in 2023, set to earn a non-guaranteed $27M (the traded value). A Pre June 1st trade or release opens up $17.8M of space - but do the Titans have a replacement plan?
RB

Joe Mixon

Team: CIN | Age: 26

2023 Cap: $12,761,754

PRE 6/1 RELEASE SAVINGS: $7.2M
PRE 6/1 TRADE SAVINGS: $7.2M
POST 6/1 RELEASE SAVINGS: $10M
POST 6/1 TRADE SAVINGS: $10M
Mixon’s overall production dipped last season after a career-best 2021 campaign. Samaje Perine held his own in a relief role, but is slated for free agency next season. Will the Bengals look to bring him back at a respectable price and save on Mixon’s big deal? There’s $7.2M cap to be freed up Pre 6/1, $10M if processed after. Mixon would carry cap hits of $10.1M, $10.3M with him to a new team if a trade is the way forward.
WR

Keenan Allen

Team: LAC | Age: 30

2023 Cap: $21,700,000

PRE 3/19 RELEASE SAVINGS: $14.8M
PRE 3/19 TRADE SAVINGS: $16.3M
POST 6/1 RELEASE SAVINGS: $14M
POST 6/1 TRADE SAVINGS: $15.9M
Allen missed 7 costly games last season, but was on pace for his usual 100+ catch, 1,000+ yard, 6+ TD campaign prior to his injury. His cap hit soars to $21.7M next year, then $25.8M in 2024. $1.5M of his 2023 salary is fully guaranteed, but it seems plausible that the Chargers could secure a trade partner ($19M, $23.1M) if they sought a move. There's a $3.5M roster bonus due March 19th, but a trade prior to that would open up $16.3M of cap space.
TE

Logan Thomas

Team: WSH | Age: 31

2023 Cap: $8,675,000

PRE 6/1 RELEASE SAVINGS: $5.175M
PRE 6/1 TRADE SAVINGS: $5.175M
POST 6/1 RELEASE SAVINGS: $6.925M
POST 6/1 TRADE SAVINGS: $6.925M
Injuries & inconsistencies haven’t allowed Thomas to recreate his breakout 2020 season since then, and his contract is now right side up in terms of dead cap. The Commanders can open up $5.175M of space by moving on, but with a new QB likely coming into the picture, his veteran experience might be deemed too important to walk away from.
OT

Tyron Smith

Team: DAL | Age: 32

2023 Cap: $17,605,000

PRE 6/1 RELEASE SAVINGS: $9.595M
PRE 6/1 TRADE SAVINGS: $9.595M
POST 6/1 RELEASE SAVINGS: $13.6M
POST 6/1 TRADE SAVINGS: $13.6M
Smith enters a contract year, set to earn $13.6M against a $17.6M hit. He was moved to the right side of the line after returning from injury, making way for Tyler Smith (no relation) to take on the blindside role. There’s $9.5M of cap space to open up here if the Cowboys decide to move on, but it still seems like a big if right now.
G

Andrus Peat

Team: NO | Age: 29

2023 Cap: $18,371,000

PRE 6/1 RELEASE SAVINGS: $1.3M
PRE 6/1 TRADE SAVINGS: $1.3M
POST 6/1 RELEASE SAVINGS: $11.825M
POST 6/1 TRADE SAVINGS: $11.825M
Back-to-back restructures keep this contract difficult to move off from, but it seems a foregone conclusion anyway. A Pre 6/1 release only frees up $1.3M of cap space, while a Post 6/1 designation would open up $11.825M. The Saints have had players agree to base salary pay cuts in order to help facilitate a Post 6/1 move, and this feels like one of those situations. Dropping Peat’s deal down to the minimum for 2023 lowers his cap hit to $7.71M, a much more tenable number to have to carry through June 1st.
C

Andre James

Team: LV | Age: 25

2023 Cap: $6,980,000

PRE 6/1 RELEASE SAVINGS: $5.06M
PRE 6/1 TRADE SAVINGS: $5.06M
POST 6/1 RELEASE SAVINGS: $6.5M
POST 6/1 TRADE SAVINGS: $6.5M
James enters a contract year in 2023, having started 13 games for the Raiders last season. Vegas can open up $5M of cap by moving on, paving the way for 2022 3rd rounder Dylan Parham to take over the reins.
DL

Quinton Jefferson

Team: SEA | Age: 29

2023 Cap: $6,485,000

PRE 6/1 RELEASE SAVINGS: $4.485M
PRE 6/1 TRADE SAVINGS: $4.485M
POST 6/1 RELEASE SAVINGS: $4.485M
POST 6/1 TRADE SAVINGS: $4.485M
One of Jefferson or Shelby Harris probably falls off of this roster for cap purposes as the Seahawks look to get younger and faster on their D-Line. Both players had respectable 2022 campaigns, and with Jefferson on an expiring contract that carries $4.2M of cash/cap to be moved, he makes the list as a potential trade target. Especially as he’s spent time on the interior in 3-4s and on the edge in 4-3 defenses.
ED

Frank Clark

Team: KC | Age: 29

2023 Cap: $28,675,000

PRE 6/1 RELEASE SAVINGS: $19.6M
PRE 6/1 TRADE SAVINGS: $19.6M
POST 6/1 RELEASE SAVINGS: $19.6M
POST 6/1 TRADE SAVINGS: $19.6M
Clark signed a restructured extension this past March to lower his cap hit and stay in the fold. He responded with a Frank Clark type season (5 sacks, 40 tackles), but now sits with a $28.675M cap hit for the upcoming campaign. With Chris Jones poised for a new deal, can the Chiefs extend Clark again? Will they bite the bullet on a restructure that pushes dead cap down the line? This is a situation to watch - and many teams will be.
LB

Eric Kendricks

Team: MIN | Age: 30

2023 Cap: $11,430,000

PRE 6/1 RELEASE SAVINGS: $9.5M
PRE 6/1 TRADE SAVINGS: $9.5M
POST 6/1 RELEASE SAVINGS: $9.5M
POST 6/1 TRADE SAVINGS: $9.5M
He can still fill up a stat-line with the best of them, but the Vikings need to begin the process of getting younger (and subsequently cheaper) especially on the defensive side of the ball. Kendricks’ expiring contract can open up $9.5M of much needed cap space for Minnesota, who may address this position fairly early in the April draft.
CB

Byron Jones

Team: MIA | Age: 31

2023 Cap: $18,351,000

PRE 6/1 RELEASE SAVINGS: $3.547M
PRE 6/1 TRADE SAVINGS: $3.547M
POST 6/1 RELEASE SAVINGS: $13.6M
POST 6/1 TRADE SAVINGS: $13.6M
The guarantees fall off of this massive contract for the first time this offseason. With Xavien Howard now under contract, and Jones admitting that he may never return to full health, it feels like the Dolphins are at a point where Miami must move off of this deal, despite its minimal immediate savings ($3.5M). A Post 6/1 release./retirement can open up $13.6M.
S

Chuck Clark

Team: BAL | Age: 27

2023 Cap: $6,768,333

PRE 3/19 RELEASE SAVINGS: $3.4M
PRE 3/19 TRADE SAVINGS: $4.14M
POST 3/19 RELEASE SAVINGS: $2.3M
POST 3/19 TRADE SAVINGS: $2.9M
It stands to reason that Kyle Hamilton is ready to take over this role full-time, but Clark's financials don't immediately scream cap casualty. Factor in $661k of fully guaranteed salary & a $1.1M roster bonus due March 19th, and there are plenty of reasons to think this one might not pan out. An early March trade seems more likely than any move.
S/T

Jason Sanders

Team: MIA | Age: 27

2023 Cap: $3,775,000

PRE 6/1 RELEASE SAVINGS: $3.775M
PRE 6/1 TRADE SAVINGS: $3.775M
POST 6/1 RELEASE SAVINGS: $3.775M
POST 6/1 TRADE SAVINGS: $3.775M
Sanders made less than 80% of his field goal attempts while going 41/44 on PATs last season. He’s now had back to back inconsistent years from longer range, putting his $3.775M salary on notice.
Michael GinnittiFebruary 20, 2023

With the official NFL announcement that the 2023 league salary cap maximum will be set at $224,800,000, we now have confirmation on the official tag non-exclusive tag numbers for the upcoming season as well.

The Non-Exclusive Franchise Tag
When a player is offered a non-exclusive tag, he is still able to negotiate with other organizations. If an offer sheet is submitted and signed by the tagged play, the previous team must match the offer to keep the player. Otherwise, the player will officially sign with the new team, who will send two first round picks to the losing team in order to complete the transaction.

The Exclusive Franchise Tag
The exclusive tag is calculated much differently than the non-exclusive figure, in that it is represented by the Top 5 salaries at the respective position once the restricted free agency period ends (April). Additionally, the player is not allowed to negotiate with other teams at any point under the exclusive tag. If the player is traded after signing the exclusive tag, there is no required trade compensation. The losing team can acquire whatever package of players and/or draft picks they wish to process the transaction.

The Transition Tag
This offering has become less frequent in past offseasons, and is calculated based on the Top 10 salaries for a respective position, making them slightly lower than their corresponding franchise tender. Players are free to negotiate with other teams on a transition tag, and the previous team has the right to match an offer sheet that is signed. However, no draft pick compensation will be transerred should the losing team decline to match the offer sheet.

The Second Tag Scenario
If a player was tagged in the previous season and are offered another tag this offseason, the value of that tag will either be 120% of last year's tag, or the new figure for their respective position - whichever is greater. If a player is tagged a third straight offseason, their new tag value will represent 140% of the previous year's figure.

Important Dates & Notes

  • Teams will have the ability to tag one pending unrestricted free agent from their 2022 roster starting on February 21st, 2023 through 4PM ET on March 7th.
  • Tagged players then have until July 15th, 2023 to negotiate and complete a multi-year contract extension. Once that date passes, the player must play the upcoming season on a 1-year contract - through there are no restrictions to how much or little compensation the player can receive.
  • If 120% of the player's salary from last season is greater than the tag number they will be tagged at the higher figure for the upcoming season.
  • Teams also have the ability to rescind a tag that has not yet been signed, with no ramifications.
  • Some players (Tom Brady, Jimmy Garoppolo, etc...) have language in their contract barring them from receiving a tag offer this offseason. This is becoming more and more common.
  • Each team may only tag one pending free agent in a given year. This includes any tag (meaning a team cannot offer a franchise tag to one player and a transition tag to another player, it's one or the other).

2023 Non-Exclusive Franchise Tag & Transition Tag Figures

Position Franchise Tag Transition Tag
Quarterback $32,416,000 $29,504,000
Running Back $10,091,000 $8,429,000
Wide Receiver $19,743,000 $17,991,000
Tight End $11,345,000 $9,716,000
Offensive Lineman $18,244,000 $16,660,000
Defensive Tackle $18,937,000 $16,068,000
Defensive End $19,727,000 $17,452,000
Linebacker $20,926,000 $17,478,000
Cornerback $18,140,000 $15,791,000
Safety $14,460,000 $11,867,000
Kicker/Punter $5,393,000 $4,869,000

Notable 2023 Tag Candidates

Kaleb McGary (OT, ATL)

Prediction: No Tag

Cost: $18,244,000

This would be quite a story, as the Falcons declined McGary's $13.202M 5th year option for 2023 last May. He went on to post a career year, playing every snap last season. With a new QB likely coming on board, keeping an above average offensive line intact is a clear must, and McGary did enough in 2022 to at least consider throwing an overpriced tag at to keep all options on the table.

Lamar Jackson (QB, BAL)

Prediction: Exclusive Franchise Tag

Cost: $45.2M, but expected to be lower

After a few tumultuous offseasons trying to negotiate a long-term extension, it appears immiment that Jackson will be offered a tag by the Baltimore Ravens in the coming weeks. Exactly which tag will be the first detail to watch for. It's widely expected that Lamar will be offered the Exclusive Franchise Tag, currently estimated to account for $45.2M in 2023. This number comes with a few conditions. 1) Since the actual official exclusive tenders won't lock until April, the Ravens will be able to account for the non-exclusive price ($32.4M) until that happens. 2) Many of the top QB cap hits are going to be restructured (or released) in the coming weeks, largely changing the end result for this exclusive pricepoint. It's perfectly plausible that Lamar's exclusive tag price is only slightly larger than the non-exclusive figure when it's all said and done.

In this regard, it seems a no-brainer to go this route with their franchise QB, especially if a trade out of Baltimore is at least an option this Spring. The Ravens will be seeking a trade price that far exceeds the two first round picks they would assume with a non-exclusive tag trade.

Tremaine Edmunds (LB, BUF)

Prediction: Possible Transition Tag

Cost: $17,478,000

Edmunds saved his best NFL season for his contract year, playing out a $12.7M 5th-year option in 2022. The Bills haven't been quiet about their eagerness to keep him, but Brandon Beane has done very little overpaying as Bills' GM to date. Edmunds isn't a $21M franchise tag candidate, but he's at least a consideration for the $17.4M transition tender this month, despite the fact that Buffalo currently sits about $20M in the red right now.

Jessie Bates III (S, CIN)

Prediction: No Tag

Cost: $15.5M (120% of last year's tag)

Bates wasn't thrilled about being tagged last year, and he held out as long as possible without missing game action, so another go around wouldn't be pretty. The Bengals also drafted safety Daxton Hill in the first round last spring, putting the writing on the wall that their plan was to reset at some point here. It's not improbable to question if the Bengals could tag Bates in order to trade him, but a two first round pick price point seems too rich for most NFL teams.

Tony Pollard (RB, DAL)

Prediction: Franchise Tag

Cost: $10,091,000

Pollard has been the best running back on the Dallas roster for a few seasons now, so to see his rookie contract expire with such a devastating injury is extremely unfortunate. Pollard's recovery time is right around the draft, so he should be available for the majority of offseason workouts. Placing a 1 year guarantee on him seems the right move - regardless of the Cowboys' plans for Zeke Elliott this March.

Dalton Schultz (TE, DAL)

Prediction: No Tag

Cost: $13,117,200 (120% of last year's tag)

Schultz didn't put together quite the same year he posted in 2021, but the connection with Prescott is still clear and obvious. With that said, the late season injury to RB Tony Pollard seems to be a clear path toward him getting the Cowboys' tag this offseason, leaving Schultz headed for the open market.

Jawaan Taylor (OT, JAX)

Prediction: No Tag

Cost: $18,244,000

Don't get me wrong here: Taylor is going to get paid, and the Jaguars are likely trying to keep him in the fold as we speak. Jacksonville likely doesn't have the cap flexibility to warrant an $18M tag placeholder, but if they need to keep him off of the open market and away from what is expected to be massive offers from teams like Chicago, it's not the worst option. Taylor projects to a 4 year, $56M deal in our system.

Evan Engram (TE, JAX)

Prediction: Franchise Tag

Cost: $11,345,000

Engram played out 2022 on what can be considered a "showcase" contract and is certainly looking to capitalize on a strong year this offseason, with a multi-year guarantee in sight. It stands to reason that the two sides aren't too far apart here in terms of extension numbers, so if time is the only issue, slapping an $11M placeholder on him makes a lot of sense. He's likely looking for Hunter Henry's $25M guaranteed here.

Dre'Mont Jones (DE, DEN)

Prediction: Franchise Tag

Cost: $19,727,000

This quietly consistent former 3rd round pick finished 2022 with career highs across the board - despite seeing action in only 13 games. He entered 2022 as a near $8M per year player in our system, and is now on pace to bank a cap-adjusted version of Carl Lawson's 3 year, $45M deal. Denver can prolong the negotiation process with an expensive tag for now, then work to get him under contract before the March 15th league year.

Orlando Brown Jr. (LT, KC)

Prediction: 2nd Tag

Cost: $19,994,400 (120% of last year's tag)

For a top contending team living right up against the cap every year, this certainly isn't the most ideal outcome, but Brown simply hasn't played like the $24M per year tackle he wishes to be contractually. A 2nd tag puts him on a 2 year, $36.5M spread across 2022-2023, which aligns much more with his calculated value - despite the lack of cap flexibility. With no blidside replacement on their roster, using the tag as a placeholder until KC can formulate more options is at least a safe starting point.

Josh Jacobs (RB, LV)

Prediction: Franchise Tag

Cost: $10,091,000

This was a hail mary longshot 12 months ago, especially after Jacobs' 5th-year option was declined. That option would have come with an $8M guarantee for 2023. It now seems a foregone conclusion that the Raiders will offer a $10.1M guarantee via the franchise tag.

Saquon Barkley (RB, NYG)

Prediction: Franchise Tag

Cost: $10,091,000

Barkley looked every bit the weapon in 2022 that he was out of the gate back in 2018, so it's easy to forget that he's had more down than up in 5 seasons. He'll be looking to broach the $12M+ mark on a 2-year guarantee, so starting with a $10.1M tag at least gives the Giants a chance to think more.

Daniel Jones (QB, NYG)

Prediction: Franchise Tag

Cost: $32,416,000

It seems weird to tag the running back instead of the quarterback in this day and age, but the long story short here is that the Giants are probably hoping to see Saquon Barkley sign the tag and play on the 1-year tender for 2023, rather than lock him into the $13M+ per year extension he's rumored to be seeking. Jones remains an inconsistent QB1, but the Giants simply don't have a better option right now. What they do have is a front office & coaching staff that appear to be more than capable of building a roster and scheme that maximizes Jones' strengths. There's probably a $30M per year extension coming soon here.

Jakobi Meyers (WR, NE)

Prediction: No Tag

Cost: $19,743,000

It would be eye-popping to see the Patriots put a number like this on an offensive weapon, but the WR market is thin this offseason, and Meyers' name has already been attached to quite a few teams. Hunter Renfrow's $16M+ deal is a likely starting point in free agency, with Christian Kirk's deal (+ a cap adjustment) extremely plausible. In other words, putting a $19.7M placeholder on Meyers and then placing him on the trade block might be good buiness for New England. So would keeping him.

Chauncey Gardner-Johnson (S, PHI)

Prediction: Franchise Tag

Cost: $14,460,000

The Saints knew they were getting into a point of no return with Gardner-Johnson when it came to his next contract, and Philadelphia might be trending toward that direction now as well. There's a world where a $14.4M tag for the 25-year-old actually represents pretty good value, and that sounds like something Howie Roseman would be considering right now. He's a $13.3M player in our system, but there's a 5 year, $80M contract out there for him on the open market.

Geno Smith (QB, SEA)

Prediction: Franchise Tag

Cost: $32,416,000

It still seems crazy, but it's also extremely inevitable at this point. Geno Smith is the best option for the Seahawks in 2023, who have financial flexibility for a 1-year tender like this. It's plausible that he and Daniel Jones sign similiar extensions this offseason, but nobody has warranted the very definition of what a franchise tag was created to be more in recent memory than Geno Smith in 2023.

Da'Ron Payne (DT, WAS)

Prediction: Franchise Tag

Cost: $18,937,000

Payne finally started to put it together in 2022, the final year of his rookie contract, and his calculated value in our system sits just south of $20M per year, but the Commanders have already fed a lot of mouths on their defensive line, and they have plenty of other holes to fill if they seek to remain in divisional contention in the near future. Offering Payne a multi-year extension that provides team flexibility is the safer route here, but he likely walks into the open market this March.

Michael GinnittiFebruary 18, 2023

Aaron Rodgers isn't the only player trending toward a mid-March trade this offseason. Our look at 10 notable names who might be moved in the coming weeks.

Aaron Rodgers (QB, Packers)

It’s looking more and more like Rodgers & the Packers will officially part ways this time around (until of course it doesn’t).

Assuming this thing needs to get done quickly (before June 1st for contract purposes), the Packers will take on $40,313,568 of dead cap in 2023, stemming from 3 different already paid out bonuses, and a contract restructure prior to 2019. This dead cap is 100% locked in. It can’t be reduced. It can’t be transferred to a new team. The only chance for relief is a Post June 1st trade, which would split that $40.3M figure into $15.8M this year, $24.4M next.

The receiving team would take on:
2023: $15,790,000 (fully guaranteed at $58.3M cash)

2024: $32,541,667 (non-guaranteed $49.3M cash)
2025: $51,151,667 (non-guaranteed $20.9M cash)
2026: $45,291,667 (non-guaranteed $15.05M cash)

The above contract assumes that the 2023 option bonus is exercised by the receiving team, who would then be on the hook for either $43.725M of dead cap after the season, or another $47M option bonus for 2024.

Justin Fields (QB, Bears)

The Fields trade conversation won’t go away until the Bears are no longer on the clock in the upcoming draft. Chicago holds leverage from every angle this offseason (cap space, draft stock, rookie QB contract). Fields enters Year 3 of his rookie deal, set to earn $2.3M against a $5.1M cap hit. A Pre June 1st trade would actually represent a $395,000 cap loss for Chicago, but that pales in comparison to what they’d be acquiring in trade compensation.

The receiving team would take on:
2023: $2,375,632 (guaranteed)
2024: $3,233,448 (guaranteed)
2025: 5th-year option (decided on May of 2024)

Jalen Ramsey (CB, Rams)

The idea of Ramsey leaving LA has bounced around the metaverse a few times, so it’s at least worth building out here. Ramsey enters Year 4 of a 6 year, $114M deal, set to earn $17M against a $25.2M cap hit. A Pre June 1st trade can free up $5.6M of that cap, leaving behind $19.6M of dead cap (signing bonus + a 2021 restructure).

The receiving team would take on:
2023: $17,000,000 ($7.5M fully guaranteed)
2024: $18,500,000 ($0 guaranteed, $4M March roster bonus)

2025: $19,500,000 ($0 guaranteed, $4M March roster bonus)

Ramsey is essentially on a 1 year, $17M contract whether he stays in LA, or goes elsewhere.

Brandin Cooks (WR, Texans)

A move that probably should have happened at the deadline (with the Cowboys very much in mind here), Cooks still isn’t a lock to me moved elsewhere this offseason, thanks to a fully guaranteed $18M salary for 2023. If it gets done, a Pre June 1st trade means $16.2M of dead cap staying with Houston, freeing up $10.2M of space.

The receiving team would take on:
2023: $18,352,932 ($18M fully guaranteed)
2024: $16,500,000 ($0 guaranteed, $3M March roster bonus)

It’s a 1 year, $18.5M contract on its face, but $14.4M of the 2023 cap hit can be freed up with a base salary restructure + 3 void years, so it fits the bill for a contender.

Chuck Clark (S, Ravens)

Clark was a trade candidate last offseason after Baltimore added Marcus Williams via free agency, & Kyle Hamilton at the draft, but they kept him on board to slow-play the process. That still may be the case as Clark enters a contract year, set to earn $3.64M against a $6.2M cap hit.

But if the Ravens look to get some trade value here, a move would leave behind $2.6M of dead cap, freeing up $3.64M.

The receiving team would take on:
2023: $3,640,000 ($1.16M roster bonus due early March)

Donovan Smith (OT, Buccaneers)

The Bucs will face some pain this offseason as they morph into life without TB12. Moving on from your starting left tackle isn’t an ideal place to start, but the $9.95M of space to be had is certainly much needed. The 29 year old is entering a contract year, set to earn $15.25M cash against a $17.9M cap hit.

The receiving team would take on:
2023: $15,250,000 ($0 guaranteed)

Smith would be in line for a new deal per a trade, currently projecting toward a 3 year, $60M contract in our system.

DeAndre Hopkins (WR, Cardinals)

Hopkins has hit the trade hot stove of late, though that’s cooled a bit of late. The deal holds $34.3M over the next two seasons, but none of it is guaranteed, and Hopkins is likely looking to reup to a price point that more aligns with Tyreek, Davante, etc… If the Cardinals aren’t willing to oblige, there’s $8.15M of cap to be freed up with a Pre 6/1 trade out of town.

The receiving team would take on: 

2023: $19,450,000 (non-guaranteed)
2024: $14,915,000 (non-guaranteed)

In terms of new money, Hopkins projects to a 3 year, $70M extension in our system.

Leonard Williams (DE, Giants)

After 2 extremely productive seasons in 2020-2021, Williams’ production dipped off slightly - mostly stemming from 5 weeks missed. There are a few reasons Williams finds himself on this list, and his inability to make a difference on the field isn’t one of them. 1) The Giants have a LOT of mouths to feed offensively. 2) Dexter Lawrence is in his extension window. 3) Williams is on an expiring contract with a loaded cap figure. It just may be the wrong time to extend Williams on this roster, making him a very attractive trade candidate this March. He holds a 1 year, $18M (non-guaranteed) contract if moved, freeing up over $12M of cap for the Giants.

The receiving team would take on:
2023: $18,000,000 (non-guaranteed)

Frank Clark (DE, Chiefs)

Clark signed a restructured extension this past March to lower his cap hit and stay in the fold. He responded with a Frank Clark type season (5 sacks, 40 tackles), but now sits with a $30.1M cap hit for the upcoming campaign. With Chris Jones poised for a new deal, can the Chiefs extend Clark again? Will they bite the bullet on a restructure that pushes dead cap down the line? A Pre 6/1 trade leaves behind $9M of dead cap, freeing up $21.1M of cap space for KC.

The receiving team would take on:
2023: $22,500,000 (non-guaranteed)

The 29-year-old projects to a 2 year, $25M extension in our system.

Ed Oliver (DT, Bills)

Oliver enters 2023 on a fully guaranteed $10.753M 5th year option. The #9 overall selection back in 2019 has made minimal impact in 62 games, putting his future in Buffalo very much in question. Will the Bills retain some of the salary in order to find a trade partner this March?

Michael GinnittiFebruary 13, 2023

Derek Carr has reportedly exercised his full no-trade clause, disallowing the Raiders to ship him out of Vegas on their terms.

The almost 32-year-old will instead await his release, then test the open market immediately. Carr’s contract famously (now) guarantees him an additional $40.4M of future salary if he’s on the roster February 15th, making this decision a swift one.

So, assuming the release becomes finalized in the next 24 hours, what might Derek Carr be seeking on the open market - and from whom?

Derek Carr’s Next Contract

Carr’s current 3 year extension carried $121.5M of new money through 2025, adding up to $141.3M over 4 years. This $40.5M annual average ranked 7th in the NFL, raising plenty of non-believer eyebrows last April. However, the structure of this deal made it such that only $24,877,519 of the deal was fully guaranteed at signing - all in 2022. The possibility of Carr leaving after last season was always baked into the cake.

So what next? Carr’s extension was a boom or bust deal. If he had played well in 2022, the Raiders would soon be restructuring his massive base salary, freeing up $25M of cap space, and continuing to build the roster around him. He didn’t, and thus he’ll be looking to restart his career elsewhere. This means a chance at a bonafide, clean slate, starting quarterback contract with a franchise that will (blindly) trust him out of the gate - and a much stronger structure.

AVERAGE ANNUAL
Carr holds a $37.7M valuation in our system currently, which would be good enough for 10th in the league (until Burrow, Hurts, Jackson, Herbert surpass him). Keeping him a Top 15 average paid QB to start the season should be a priority for Carr & his representation, as the dropoff of talent thereafter is palpable.

GUARANTEES
If we expand his market value out 2 seasons, this gives us $75M, a very likely guarantee point for Carr’s next contract. Ryan Tannehill’s 4 year extension back in 2020 locked in $62M fully guaranteed at signing over the course of two seasons. In adjusting for the current salary cap, a $75M ask over two seasons is over market, but not by much.

TOTAL CONTRACT
Carr’s looming release will automatically label him with a negative connotation, and his 2022 production (60% completion, 86 Passer Rating) certainly align with that mindset. But when considering the available options for quarterback-needy teams this offseason (especially those not in position to draft one of the best available rookies), Carr’s name sits at or near the top of this list (Rodgers’ future notwithstanding).

So is a 3 year, $114M contract in Derek Carr’s immediate future? Maybe. Carr is better than the average quarterback to hit the open market - but that doesn’t mean free agency is generally nice to these players.

Largest Guarantee at Signings by a Free Agent QB
2016: Brock Osweiler, HOU, $37M
2017: Mike Glennon, CHI, $18.5M
2018: Case Keenum, ARI, $25M
2019: Nick Foles, JAC, $45.125M
2020: Tom Brady, TB, $50M
2021: Andy Dalton, CHI, $10M
2022: Jameis Winston, NO, $15.2M

Of course, many of the QBs moving around in an offseason have been traded…

Largest Guarantee at Signing by a Traded/Extended QB
2016: Sam Bradford, MIN, $18M
2017: Jimmy Garoppolo, SF, $41.7M
2018: Alex Smith, WSH, $55M
2019: Ryan Tannehill, TEN, $2M
2020: Nick Foles, CHI, $17M
2021: Teddy Bridgewater, DEN, $4.25M
2022: Deshaun Watson, CLE, $230M

Pretty all over the place set of names, right? Isn’t it fair to place Derek Carr somewhere in between these two lists, as someone who won’t necessarily be competing for the QB1 role upon signing, but also doesn’t carry the leverage, age, or recent production to maximize a contract in any way?

Spotrac’s Projection

With the Jets, Panthers, Saints, Commanders, Buccaneers, all likely at least considering a run at Carr this February, the opportunity for offers shouldn’t be scarce. Based on our above assessment, we believe Derek Carr can lock in a: 

 

3 year, $110M contract, $75M guaranteed ($50M guaranteed at signing)

Michael GinnittiFebruary 12, 2023

The Super Bowl champs hit the offseason with a good portion of their core intact for the 2023 season. With multiple receivers and running backs set to hit the open market, KC will continue to piece together their weapon set this offseason, but the big questions come in the trenches. LT Orlando Brown needs at least a tag to stay in the fold, while Frank Clark’s cap hit balloons, and Chris Jones’ contract nears expiration.

RELATED
2023 Kansas City Chiefs Salary Cap
2023 Kansas City Chiefs Free Agents

Extension Candidates

Notable Free Agents

The Quarterback Room

Patrick Mahomes enters Year 4 of a 12 year, $480M contract, set to earn $40.45M against a $46.8M cap hit next season. The Chiefs passed on restructuring Mahomes’ $35.8M hit this season, so it stands to reason they’ll convert his $34.4M roster bonus in the coming weeks to free up $27.52M of space for 2023. His 2023 & 2024 compensation is already fully guaranteed, and another $39.45M from 2025 locks in this coming March. It remains the largest, strongest contract in football.

QB2 Chad Henne played 2022 on a 1 year, $2M deal, and has announced his retirement following the Super Bowl win. There will there be a change in backup QB for the first time in 5 seasons.

The Running Back Room

2020 1st rounder Clyde Edwards-Helaire holds a fully guaranteed $2M salary in 2023, then a $5.4M 5th-year option for 2024 that seems likely to be declined in the coming weeks. Will he remain a Chief next season? Finding a trade partner can free up $2M of cap/cash for KC.

2022 7th rounder Isiah Pacheco shot up the depth chart, so much so that CEH found himself a healthy scratch in Super Bowl 57. He’s on non-guaranteed rookie salaries through 2025.

30 year old Jerick McKinnon hit 800 yards from scrimmage on a veteran minimum deal, and is slated for free agency this March.

The Wide Receiver Room

JuJu Smith-Schuster turned a 1 year $3.76M base contract into $9.2M thanks to earned incentives. It stands to reason he’ll be seeking a multi-year guarantee this time around. With the WR market soaring, JuJu has a claim for $14M+ per year in the right situation, but a return to a contender such as Kansas City probably warrants something in the 3 year, $36M range.

Marquez Valdes-Scantling enters Year 2 of a 3 year $30M contract, set to earn $9M against an $11M cap hit. The Chiefs can move on from this deal and clear $7M of cap, but a restructure to lower the 2023 hit is much more likely here.

Kadarius Toney, acquired from the Giants for a 3rd/6th round pick, still has 2 years, $4.4M (guaranteed) plus a 5th year option in 2025. He’s been slow to get involved as of yet, but time (and low cap hits) are on everyone’s side here. Youngster Skyy Moore enters Year 2 of his rookie contract and will factor in.

Mecole Hardman is slated for unrestricted free agency, carrying a $10M valuation in our system.

The Tight End Room

Travis Kelce enters Year 4 of his 6 year $74M contract, set to earn $12.25M against a $14.8M cap hit next season. His early guarantees are now gone, putting him in a year-to-year situation contractually speaking. With three years remaining, it seems unlikely either side will push to move on this contract too much, though that likely changes this time next year.

2021 5th rounder Noah Gray enters Year 3 of his rookie deal, tripling his production from Year 1 to Year 2. He seems a likely candidate to stick behind Kelce next year.

The Offensive Line

Left Tackle Orlando Brown Jr. played out 2022 on a $16.6M franchise tag, and might be asked to do the same in 2023. It’ll cost the Chiefs $19.9M this time around, but that pales in comparison to the $60M+ guarantees being handed out to top offensive lineman on long-term deals. Brown took a bit of a step back this year, so the apprehension could be deemed warranted.

Left Guard Joe Thuney enters Year 3 of a 5 year, $80M contract, set to earn $15.5M against a $22.1M cap hit next season. His 2023 salary is already fully guaranteed, but he’ll be year-to-year thereafter. A base salary conversion plus two void years can open up $11M of cap space for KC.

2021 2nd round center Creed Humphrey had an outstanding 2022, setting his 2 years, $2.5M remaining up for huge value. He’ll become extension-eligible for the first time after 2023.

2021 6th rounder Trey Smith saw 85% of the offensive snaps this year, so his 2 years, $1.9M non-guaranteed will represent great value should he stick in a major role.

Right Tackle Andrew Wylie saw over 90% of the snaps this year on a 1 year, $2.5M contract. He’ll hit the open market this March, and there’s a world where he doubles his annual average.

The Defensive Line

DT Chris Jones enters a contract year in 2023, set to earn $20M against a $28.3M cap hit. There’s mutual interest in a restructured extension, but can the Chiefs afford another blockbuster contract on their books? Jones mathematically values to $30M a year - which means he’s worth even more when it’s all said and done. A 4 year, $120M extension, $90M guaranteed is completely within reason here.

Jones’ counterpart Khalen Saunders is slated for free agency this March, carrying a much more tenable $6.5M valuation into the offseason.

The Chiefs and DE Frank Clark agreed to a restructured deal last March that dramatically lowered his 2022 cap hit, but ballooned the 2023 figure north of $30M. Did the 30-year old do enough this year (5 sacks, 39 tackles, 1 forced fumble) to warrant another restructured deal to stay? KC can open up $21.1M of cap space by moving on here.

2022 1st rounder George Karlaftis posted 6 sacks in his first campaign, taking on 60% of the Chiefs snaps this season. He may be asked to take big steps forward next year if Frank Clark leaves town.

The Linebackers

Willie Gay Jr. enters a contract year, carrying a $1.6M cap hit in 2023. He nearly doubled his career production this season, posting 88 tackles, 2.5 sacks, and a pick.

2021 2nd rounder Nick Bolton compiled 180 tackles, 2 sacks, 2 interceptions, and a forced fumble. The 22-year-old carries a basic $1.6M cap hit next year, becoming extension-eligible for the first time thereafter.

After limited snaps this season, 2022 3rd rounder Leo Chenal likely takes over the SAM role in 2023. He holds a non-guaranteed 3 years, $3.4M. Carlos Dunlap is a pending free agent.

The Secondary

2022 1st rounder Trent McDuffie missed 6 weeks, but really rounded into form down the stretch, appearing every bit the starting CB KC has been seeking. He’ll carry a team-friendly $3.8M cap figure next season.

L'Jarius Sneed put together his best season to date, posting 108 tackles, 3.5 sacks, 3 picks, and 3 forced fumbles on 91% of the team’s snaps. He’ll get a pay bump up to $2.7M in the final year of his rookie deal, and enters the offseason as an extension candidate, carrying an $8M valuation right now.

Justin Reid was signed to a 3 year, $31.5M contract to replace Tyrann Matheiu this offseason, and he held his own in Year 1 of that adventure. The 26-year old is set to earn $9.2M against a $12.7M cap hit next year, but a simple base salary conversion plus void years can free up $6.3M of that cap as needed.

Juan Thornhill hit career highs across the board, including 71 tackles, 3 picks, and a sack in 2022. He’s slated for unrestricted free agency this March, projecting to a 4 year, $40M contract in our system. 2022 2nd rounder Bryan Cook could be asked to step up into the spotlight going forward.

The Special Teams

Kicker Harrison Butker enters Year 5 of a 6 year $21M contract, set to earn $3.7M against a $5.1M cap hit next season. Butker posted one of his least efficient seasons to date, hitting 75% of his field goals, 92% of his PATs. If the Chiefs find another option to compete, there’s almost $3M of cap space to be opened up by moving on here.

Punter Tommy Townsend was an All-Pro this year, headed to restricted free agency this March. The UDFA should be back on the low tender next season, while Long Snapper James Winchester enters a contract year, carrying a $1.3M cap hit in 2023.

Michael GinnittiFebruary 12, 2023

The Eagles enter the offseason with a huge to-do list in front of them, starting of course with what is expected to be an historic contract extension for QB Jalen Hurts. Then comes the business of understanding how some of the long-time fixtures plan to handle their futures, most notably Jason Kelce, Fletcher Cox, & Brandon Graham. Toss in a few sure to be expensive pending free agents (Garnder-Johnson, Edwards, Sanders), and it won’t be boring to follow Philadelphia, who project to about $5M of Top 51 cap space currently, this March. Oh and by the way, they hold the #10 pick in the draft thanks to New Orleans.


RELATED:

2023 Eagles Salary Cap
2023 Eagles Free Agents

Extension Candidates

Notable Free Agents

The Quarterback Room

Jalen Hurts enters a contract year in 2023, set to earn $4.4M thanks to a proven performance bonus. The Eagles are going to sweeten that pot immensely, likely to the tune of $50M per year, $200M guaranteed. A 6 year, $300M extension is probably about right here.

Behind him, Gardner Minshew is headed to free agency, while 4th rounder Ian Book holds a 2 year, $1.9M deal - non-guaranteed. Do the Eagles value Minshew enough to bring him back at a healthy price? He’ll have some offers to compete for snaps elsewhere.

The Running Back Room

Miles Sanders is slated for unrestricted free agency, completing a 4 year, $5.3M rookie deal. He’ll hit the market just shy of 26 years old, and could demand around $7.25M per year based on recent production.

27-year-old Boston Scott is also set to hit the open market this March, after his usage dipped quite a bit in 2022. There’s probably not much more than a minimum contract in his future.

Youngsters Kenneth Gainwell (2 years, $1.9M), & Trey Sermon (2 years, $2.4M) could conceivably take over this position going forward.

The Wide Receiver Room

A.J. Brown enters Year 2 of a 5 year, $fa104M deal, set to earn $12M against an $8.3M cap hit. He’ll be fully guaranteed through 2024 as of March 17th and appears to be worth every penny thus far.

DeVonta Smith enters Year 3 of his rookie deal that carries 2 years, $5.9M (guaranteed) plus an option for 2025. He hit career highs across the board this season, and is locked into the WR1A role alongside Brown. Smith becomes extension-eligible for the first time after 2023.

Quez Watkins enters a contract year in 2023, set to earn $2.7M thanks to a proven performance escalator. Despite finding the end zone a career-high 3 times, he was utilized much less this year with the addition of Brown. There’s a path to him scoring a Zay Jones-type deal on the open market with an increased role elsewhere. $22M over 3 years might get it done.

The Tight End Room

Dallas Goedert enters Year 3 of a 5 year, $58M deal, set to earn $14.25M against a $6.6M cap. He’s fully guaranteed through 2023 currently, and $6M of 2024 compensation locks in this March.

Behind him, UDFA Jack Stoll enters a contract year on a near minimum $947,500 cap, and is eligible for restricted free agency after 2023.

The Offensive Line

Here’s where things start to get dicey. Left tackle Jordan Mailata enters Year 3 of a 5 year, $64M deal, set to earn $15M against a $7.6M cap hit. He’s fully guaranteed through this year, but his deal contains fairly easy outs thereafter.

2021 2nd rounder Landon Dickerson was a fixture at left guard this season, matching his rookie campaign from a production standpoint. His contract carries a non-guaranteed $3.28M over the next two seasons, which should represent decent value for Philly.

35-year-old center Jason Kelce has a placeholder salary in place for 2023 in the event that he retires. The kicker? A $2.75M roster bonus is already fully guaranteed, at least minimally incentivizing him to restructure and re-sign with Philly. If he hangs them up, a Post 6/1 retirement means $6.925M of dead cap for Philly in 2023, with another $11.4M for 2024. Behind him, 2022 2nd round center Cam Jurgens is primed and ready to try to fill Kelce’s shoes - if and when.

Right Guard Isaac Seumalo is slated for free agency, with $7.53M of dead cap set to hit the Eagles’ cap due to void years. He posted maybe his most consistent season of a 7 year career, and should be a strong candidate to return if the price is right. According to our system that price hovers around $12M per year.

Lane Johnson cap hit jumps from $11M this past season to $24.1M next year. His contract has already been restructured 3 times, and another full base conversion would reduce the hit by $10.4M. He remains the best right tackle in all of football when healthy. Restructure, rinse and repeat.

The Defensive Line

32-year-old Fletcher Cox holds a ($1.5M) placeholder salary in 2023, with $10M of dead cap pushed up against it. With questions surrounding his future, the Eagles left themselves a way to control this voiding dead cap should Cox decide to retire after the Super Bowl. Philly can wait to process such a move until June 2nd, splitting up the dead cap into $2.5M for 2023, $7.5M in 2024. Despite continual timely production, Cox’s overall stat lines have dipped in the past two seasons, keeping him right at his current $14M price point heading toward March.

30-year-old Javon Hargrave posted a career high 11 sacks and 37 solo tackles this past season, as he heads to the open market. He’s completing a 3 year, $39M contract in Philly, with a $20M+ valuation now attached to his name. It’s very reasonable to consider that Hargrave priced away from the Eagles this March.

DE Brandon Graham just completed his 4 year, $45M deal in Philly and is also slated for free agency this March. The almost 35-year-old followed up an injury-plagued 2021 with a career-high 11 sack season in 2022, finishing the campaign as a Top 5 edge defender according to PFF. Graham played out 2022 on a restructured $7.5M salary. Will he agree to similar compensation if he chooses to continue his career? If he hangs up the cleats, Philly will carry his $9.6M cap hit until June 1st before processing his retirement, taking on dead cap hits of $8.1M in 2023, $10.1M in 2024.

DE Josh Sweat enters Year 3 of a 4 year, $41M deal, set to earn $12M against a $6M cap hit next season, including a guaranteed $10.67M option bonus. Sweat has 18.5 sacks & 93 tackles in the past two seasons, offering huge value at a $13.3M AAV.

DE Derek Barnett tore his ACL in early September, putting his future in Philly in question. He holds a very tenable $3.1M cap hit next season ($8.5M cash to be earned) due to an option bonus, and reduced per game active salary with the time missed this season.

2022 1st rounder Jordan Davis enters Year 2 of his fully guaranteed rookie deal, and should be asked to step in full-time for either Cox or Hargrave next season.

The Linebackers

EDGE Haason Reddick stole the show this season, posting 16 sacks, 49 tackles and a whopping 5 forced fumbles in his first full season with Philly. He enters Year 2 of a 3 year, $45M deal, set to earn $15.25M against a $6.7M cap hit next season. He’s fully guaranteed through 2023, and could be eyeing a sizable extension this time next year.

OLB Kyzir White made the most of his 1 year, $3M deal, playing on 82% of the team’s snaps this season. The pending free agent could find himself near the $8.5M per year mark in the right situation this offseason.

UDFA ILB T.J. Edwards just keeps getting better and better and better, culminating with a 159 tackle season in 2022. The 26-year-old projects to a 4 year, $48M contract in our system as he heads to the open market. Will the Eagles consider him too valuable to let walk, or will 2022 3rd rounder Nakobe Dean be thrust into a starting role next season?

The Secondary

32-year-old Darius Slay continues to thwart father time, proving yet again he’s been worth every penny of his 4 year, $60.5M contract. He’s set to earn $17.5M in his contract year, against a problematic $26.1M cap hit next season. Will the Eagles restructure and leave him on the expiring deal, or extend their CB1? If we take age out of the equation, Slay is a $21.5M cornerback in our system.

29-year-old James Bradberry signed a 1 year, $7.25M “showcase” contract after being released from the Giants last May. He’ll look to nearly double that on the open market this offseason, though if he finds himself in a CB2 role again, that price might trend more toward $12M per year. Avonte Maddox should be back in the fold on a friendly $4M cap hit next season, and will likely see his role increased.

Chauncey Gardner-Johnson was acquired from the Saints for a 5th & 6th round pick last August. He stole 6 passes out of the air in just 12 games played, amassing 67 tackles during that time frame. The 25-year-old is slated for free agency this March, but it seems likely that these two sides find a way to continue together. He projects to a 5 year, $66M contract in our system.

UDFA Reed Blankenship soared into a full-time role this season, and has continually shown he belongs there. The 23-year-old holds minimum salaries through 2024, with restricted free agency available thereafter.

The Special Teams

Kicker Jake Elliott enters Year 5 of a 6 year, $20M contract in Philly. He made 87% of his attempted field goals, 96% of his PATs, putting him in line to be back in the fold for 2023. Another base salary conversion can open up $2.2M of space for the Eagles.

Punter Arryn Siposs carries a minimum salary in 2023, with restricted free agency available thereafter, while long snapper Rick Lovato holds a non-guaranteed $1.2M cap & cash figure next in the final season of his contract.

Michael GinnittiFebruary 10, 2023

Darrelle Revis

A first ballot football & business of football Hall of Famer, Revis still sits atop the cornerback career earnings mountain, amassing $124.2M in his 11 NFL seasons. The closest active player currently is Patrick Peterson, who sits at $106.75M.

Drafted #14 overall by the Jets out of Pitt, Revis signed a 6 year, $32M rookie contract in 2007. He would go on to play out half of that deal before a 4 year $46M extension was signed, 60% of which was guaranteed at signing. 3 years later the Jets traded Revis to Tampa Bay, who ripped up the deal for a 6 year, $96M blockbuster extension- $0 guaranteed. He’d play out 1 year, $16M of that deal before a release, moving on to New England at a 1 year, $12M clip, signaling his decline toward minimum salaries to finish out his career right? Nope. The Jets came back one offseason later with a 5 year, $70M free agent contract, paying him another $47M over the next 2 ½ seasons.

So when will Revis’ $124.2M be surpassed? The answer is very much TBD, but for now, Jalen Ramsey’s current contract would allow him to reach $137.1M after the 2025 season - if he remains on it that long.

Ronde Barber

Drafted by the Buccaneers in the 3rd round out of Virginia back in 1996, Barber played 16 NFL seasons - all in Tampa Bay. He signed 6 professional contracts, including a 3 year, $940,000 rookie deal, maxing out with a 5 year, $24 million contract in 2006. In total, Barber earned $46.125M for his efforts on the field, 54th most among cornerbacks in NFL history.

Zach Thomas

The #154 overall selection by the Dolphins back in 1996 reeled in $48.3M across 13 NFL seasons with the Dolphins, Cowboys, & Chiefs. His career began with a 3 year, $577,000 rookie deal in Miami that quickly escalated with back to back extensions worth $22.65M, & $33.75M respectively. Unfortunately, a 2007 head injury derailed his career, forcing the Dolphins to release him the following offseason. Thomas would pick up a few near minimum deals with Dallas & Kansas City, but never made it all the way back thereafter.

DeMarcus Ware

Ware entered the league as the #11 overall selection by the Cowboys back in 2005, signing a 5 year, $13M rookie contract to begin his career. Dallas handed him a healthy raise 4 years later to the tune of 6 years, $78 million, keeping him around for 5 seasons of it before he moved on to the Broncos on a 3 year, $30M free agent contract, his final career deal.

Ware earned $89.9M combined in 12 NFL seasons, which still ranks 5th all-time among Outside Linebackers.

Joe Thomas

Thomas kept things simple for us in his 11 season career. The #3 overall selection back in 2007 signed two professional contracts with the Cleveland Browns: a 5 year, $42.5M rookie deal, followed by a 7 year $80.5 million contract extension in 2011.

Those two contracts earned him $122.85M on the field, still #2 all-time among any offensive lineman to ever play the game (Trent Williams, $148.5M).

Michael GinnittiFebruary 08, 2023

The unfortunately named, often confused, NFL buzz phrase finds itself at the forefront of many conversations this time of year, as roster decisions begin to take shape for the upcoming season. So what is dead cap? Any future, unpaid, guaranteed salary or bonus or any already paid signing bonus that hasn't yet been allocated to the salary cap becomes the responsibility of the team in the event of a release. With a trade, the future guarantees would simply transfer to the new team, leaving behind just the unallocated bonus cap as the current team's dead cap. Still lost? Hopefully the following helps a little...

Example Contract: Player A

  • Total Contract: 5 years, $77.5 million
  • Signing Bonus: $20 million
  • Guaranteed at Signing: 2023 salary, 2024 salary

Out of the gate, this contract comes with $35M of dead cap - the total amount guaranteed at signing (signing bonus + 2023 base salary + 2024 base salary). Once the player completes his offseason workout program, that $100,000 bonus will be added to the dead cap total. If we look at the 2024 dead cap initially, it represents four years of signing bonus proration ($4M x 4), plus the not yet paid but fully guaranteed $10M base salary, or $26M total. 

Future Guaranteed Salary or Roster Bonuses

Any guaranteed base salary that has yet to be paid out is considered dead cap on the contract. Should the player be released, all guaranteed salary will accelerate and be treated as dead cap in the current season. If traded, any unpaid guaranteed salary will transfer to the new team.

Signing or Option Bonuses

When signing or option bonuses are paid, the cap hits for these prorate over the remainder of the contract (max 5 years). For instance, a $20M signing bonus paid on a 5 year contract would account for $4M of bonus cap in each of the contract’s years. If this said player is released prior to year 3 of the contract, that leaves $12M of cap from that bonus still unallocated, which in turn becomes dead cap. This works the same for an option bonus (generally paid out in year 2 of a contract).

The June 1st Dead Cap Rule

Pre June 1st

If a trade, release, or retirement is processed before June 1st in a given league year, ALL of the current & future dead cap associated with the contract is accelerated into the current season.

If Player A was released on March 20th prior to his 2nd season, all $26M of dead cap remaining on the contract (the $10M base salary + $16M of signing bonus cap) would accelerate into dead cap immediately. The team would take on a $26M dead cap hit, losing almost $12M in space.

Post June 1st

If a trade, release, or retirement is processed after June 1st in a given league year, the dead cap allocation splits between the current & following year as such:

Current Year Dead Cap
Any bonus proration in the current year of the contract + any unpaid guaranteed salary or roster bonus. Any cash owed to the player via base salary or roster bonus would immediately accelerate the current year’s dead cap.

Next Year Dead Cap
All of the remaining unallocated bonus dead cap for all future years of the contract.

For Example:
If Player A was cut on June 2nd prior to his 2nd season, the $26M of dead cap would split as:

Current Year: $4M of current year signing bonus proration + $10M guaranteed salary: $14M
Next Year: $12M of remaining future year signing bonus proration

The Post June 1st Designation

Per the terms of the current CBA, each team is now able to designate two players as “Post June 1st releases”. If Player A’s team knows they want to release him, but also want to benefit from the dead cap split after June 1st, they can designate him as such as soon as the league year begins in March. A few things to note here:

  • The designating team must carry his entire cap hit for that current year on their books until 4PM ET June 1st. At that point, the transaction (release or retirement) can become official, and the Post June 1st dead cap split can occur. So in our Player A example, if he were designated as a Post 6/1 Release in March of 2024, his team would need to carry a $14.1M cap figure on their books until 6/1.
  • Any bonuses or salary triggers that were set to happen prior to June 1st are no longer valid, as the contract has been unofficially ceased per the designation.
  • This designation is only available for releases - not trades. It can unofficially be used in retirements as a player can announce his intent to retire in March, but the team can wait to process that designation until after June 2nd for dead cap purposes.
  • The player is free to negotiate and sign elsewhere immediately upon the Post 6/1 Designation occurring. They do not need to wait until June 2nd.

The Post June 1st Cap Hit Work Around

One of the more popular recent trends is manipulate a contract prior to the start of a league year (or even immediately prior to a Post 6/1 Designation), in order to make life a little easier for a few months. What are we talking about?

Player A is going to be released with a Post June 1st Designation in March of 2025, but the team doesn’t feel great about carrying a $16.1M cap figure until June 1st just to allow for this to happen. They work with the player/agent to negotiate a “dummy restructure”, lowering his $12M base salary down to the league minimum (let’s assume $1.5M) prior to the release occurring. Now, the team can carry his contract at a $5.6M cap hit through June 1st, then process the release officially.

Why would the player agree to this? Any non-guaranteed salary on a contract that’s about to be ripped up is essentially funny money. The player is off to free agency in search of a new deal, so generally speaking, most player/agents are getting on board with helping the team out in situations like this.

 

Still lost? Additional or more specific questions? Hit us up @spotrac.

Michael GinnittiFebruary 07, 2023

Our annual NFL Roster Bubble piece offers a position-by-position look at players that enter the 2023 offseason with some form of question mark surrounding their roster status. Our look at players who may be in line for a trade, release, or even retirement in the coming weeks, including the financial ramifications surrounding these type of moves going forward.

QUARTERBACKS

Marcus Mariota (ATL, 29)

2023 Cap: $14,500,000

Mariota left the Falcons late in the year as he dealt with knee issues, but Atlanta was ready to hand the reins over to Desmond Ridder anyway. There’s a $3M roster bonus on his 2023 salary due March 19th, & a release prior to it will free up $12M of space ($2.5M of dead cap).

Aaron Rodgers (GB, 39)

2023 Cap: $34,875,000

Well the Packers certainly aren’t releasing him ($99.7M of dead cap), so this is clearly a conversation about a trade or retirement (ignoring the fact for now that he probably just ends up back in Green Bay for 1 more year?). We’ve detailed all of the options here, but the most plausible scenario is that Rodgers is traded at the start of the 2023 league year. This move means $40.3M of dead cap for the Packers in 2023 (an $8.69M cap loss), but a chance to load up on 2023 draft picks, $40.7M over 2024 cap savings, and $144M cash coming off of their future books. Rodgers would bring cap hits of $14.6M, $32.5M, $51.1M, & $45.2M to a new team if traded.

Quickly, there’s of course a scenario where a trade or retirement is processed after June 1st (though 2023 draft picks wouldn’t be involved). In this case, the Packers’ dead cap would split into $15.8M for 2023, $24.4M for 2024, offering $15.79M of savings on June 2nd.

Jordan Love (GB, 24)

2023 Cap: $3,940,189

Does Love have trade value? He’s entering Year 4 of his rookie deal, set to earn a fully guaranteed $2.3M against a $3.9M cap hit. Green Bay needs to decide on his $16Mish 5th year option for 2024 this May. A trade this March frees up $2.3M of cap, but it feels like it might be his time to take the reins.

Matt Ryan (IND, 37)

2023 Cap: $35,205,882

$12M of Ryan’s $19.2M 2023 salary is already fully guaranteed. Another $7.2M of it, plus a $10M roster bonus locks in on March 17th. The Colts are in a bit of a transition period, despite a handful of extra large contracts on the books. With $17.2M of cap space to be freed up, releasing Ryan before the March 17th vesting date might be their best path forward, even if it means paying him $12M cash on the way out the door (subject to offset language which could reduce this by season end).

Derek Carr (LV, 31)

2023 Cap: $34,875,000

Carr holds a full no-trade clause and a February 15th vesting date on $40.4M of future salary guarantee. The Raiders can release him prior to this date at just a $5.625M dead cap charge ($29.25M saved). A trade would offer the same financial ramifications, but it would be a handshake agreement until March 15th, when the new league year officially opens. His contract would carry cap hits of $33M (guaranteed), $42M ($7.5M guaranteed), & $41.3M (non-guaranteed) if traded. It seems more and more likely that an outright release is in the cards here.

Jameis Winston (NO, 29)

2023 Cap: $15,600,000

$5.8M of Winston’s 2023 salary fully guarantees March 17th. He missed time due to injury, then was passed up on in favor of Andy Dalton to finish out the 2022 season. It seems unlikely the cap-light Saints will stick with this contract, but an early release only frees up $4.4M of space ($11.2M dead cap). Would a pay cut that aligns with his guaranteed money be best for both?

Zach Wilson (NYJ, 23)

2023 Cap: $9,586,549

Wilson was outplayed by Mike White in 2022, putting his immediate future in question. He’s fully guaranteed at $9.3M over the next two seasons, so there’s no scenario where an outright release is business-friendly here, but packaging a draft pick with him to find a trade partner certainly seems plausible. A Pre June 1st trade represents a $1.8M cap loss, while a move after 6/2 opens up $3.85M of space.

Mitchell Trubisky (PIT, 28)

2023 Cap: $10,625,000

The Steelers likely saw enough positives from Kenny Pickett in 2022 to give him a full shake next season. Trubisky’s $10.625M cap seems too rich for a backup option, and Pittsburgh could use the $8M of space a release would open up.

Trey Lance (SF, 22)

2023 Cap: $9,301,439

Only because many will ask. Lance is fully guaranteed at $9M over the next two seasons, but his traded contract holds caps of $3.7M, $5.3M + a 5th year option. If the 49ers are offered a haul of picks, there’s a world where this is a win/win situation for both sides of a trade here. But it seems much more likely that both Lance and Brock Purdy are nursed back to full health, and are given a chance to compete for the 2023 QB1 job.

Tom Brady (TB, 45)

2023 Cap: $35,104,000

Technically Brady isn’t under contract for 2023, but we’re adding him because we expect him to be soon. If his retirement is officially official, the Bucs may ask Brady to sign a non-guaranteed 1 year, $1.165M minimum contract for the upcoming season. This will allow Tampa Bay to delay filing his retirement papers until June 2nd, splitting up the $35.1M of dead cap into $10.776M for 2023, $24.3M for 2024.

Ryan Tannehill (TEN, 34)

2023 Cap: $36,600,000

Tannehill is entering a contract year in 2023, set to earn a non-guaranteed $27M (the traded value). A Pre June 1st trade or release opens up $17.8M of space - but do the Titans have a replacement plan?

Carson Wentz (WSH, 30)

2023 Cap: $26,176,470

Wentz didn’t do much to sway the doubters back in his favor in his 8 games played last season. It seems a long shot that he’ll see any of the remaining 2 years, $53.4M, and with a $5M roster bonus due March 17th, we’ll likely see quick action. There’s no dead cap associated with this contract, so Washington will free up all $26.1M here.

RUNNING BACKS

Cordarrelle Patterson (ATL, 31)

2023 Cap: $5,500,000

Tyler Allgeier has deservedly taken a number of attempts away from him, so there’s a chance the Falcons look to get a little younger and cheaper for Patterson’s reduced role. There’s $1.75M to be saved on a Pre 6/1 move, $4.25M if it’s a Post 6/1 designation.

Gus Edwards (BAL, 27)

2023 Cap: $5,634,000

Edwards missed all of 2021 & half of 2022, though he managed to average nearly 5 yards per  carry when active last season. He’s a player of value when healthy, but it stands to reason that Baltimore could opt to free up the $4.3M of cap here.

Nyheim Hines (BUF, 26)

2023 Cap: $4,790,000

Hines certainly made his impact felt on the Bills’ special teams, but wasn’t much of a factor in their offensive schemes down the stretch. Will a non-guaranteed $4.79M salary be too rich to keep going forward? There’s no dead cap on the deal for Buffalo to deal with.

Joe Mixon (CIN, 26)

2023 Cap: $12,761,754

Mixon’s overall production dipped last season after a career-best 2021 campaign. Samaje Perine held his own in a relief role, but is slated for free agency next season. Will the Bengals look to bring him back at a respectable price and save on Mixon’s big deal? There’s $7.2M cap to be freed up Pre 6/1, $10M if processed after. Mixon would carry cap hits of $10.1M, $10.3M with him to a new team if a trade is the way forward.

Ezekiel Elliott (DAL, 27)

2023 Cap: $16,720,000

This was always the line of demarcation year in Elliott’s contract, so despite plenty of noise coming out of Dallas that there’s mutual interest in continuing, he’ll begin the offseason as a bubble candidate. Zeke holds $11.86M of dead cap against his $16.72M figure, so there’s $4.86M of space to open up with a Pre 6/1 move. That increases to $10.9M with a Post 6/1 trade or release.

Chase Edmonds (DEN, 26)

2023 Cap: $5,920,000

Edmonds averaged 4.8 yards per carry in 5 games with the Broncos after being acquired via Miami in the Bradley Chubb deal. He’s a complimentary piece to the puzzle, so a near $6M cap hit ($0 dead cap) may be too rich to keep around.

Aaron Jones (GB, 28)

2023 Cap: $20,020,000

Jones can still produce at a high level, but any 28-year-old running back entering a season at a $20M+ cap hit is contractually obligated to be on this list. His traded contract carries cap hits of $16M, $12M. If the Packers need to release him, there’s $10.44M of space to be freed up by doing so prior to a $7M March 17th roster bonus being paid out.

Jonathan Taylor (IND, 24)

2023 Cap: $5,116,482

We’ve started to hear rumblings about the possibility of the Colts finding a trade partner for JT as he enters a contract year. A proven performance escalator has increased his final year salary north of $4M, putting him on the books at a $5.1M cap charge. Would the draft pick haul + $4M of cap savings be enough to twist Indy’s arm here?

Clyde Edwards-Helaire (KC, 23)

2023 Cap: $3,443,228

The Chiefs need to decide on CEH’s 5th year option by May, but may also seek another team to take on his fully guaranteed $2M salary for 2023 in the process. Isiah Pacheco is clearly ready for a bigger role, but with Jerick McKinnon slated for free agency, keeping CEH in the fold through 2023 still has value for the Chiefs.

Brandon Bolden (LV, 33)

2023 Cap: $2,850,000

Bolden held down a limited role in 2022, & if the plan is to bring back Josh Jacobs on what could be an inflated franchise tag figure, freeing up the $2.2M of cap space here will come in handy.

Dalvin Cook (MIN, 27)

2023 Cap: $14,101,272

This was always going to be the line of demarcation for Cook’s contract, as the early guarantees have gone by the wayside and the cap hits far outpace the dead cap figures. $2M of 2023 salary does become fully guaranteed on March 17th, but a release prior to that can open up over $7.8M of cap space. If a trade is in the works, Cook will bring cap hits of $11M ($2M guaranteed), $12.5M (non-guaranteed), & $13.5M (non-guaranteed) along with him.

Leonard Fournette (TB, 28)

2023 Cap: $8,470,576

$2M of Fournette’s 2023 salary is already fully guaranteed, and another $2M locks in March 19th. If the Bucs are willing to pay that initial $2M to move on, they can open up $5.4M of cap space in the process.

Antonio Gibson (WSH, 24)

2023 Cap: $3,028,843

Gibson was thrust back into a bigger spotlight when Brian Robinson was forced to miss the start of the season due to injury. He’s rounding into a much more versatile back, catching nearly 50 balls in each of the past two seasons, but if Robinson is set to take over the reins full-time, the Commanders can open up $2.7M of cap space by moving on from Gibson.

WIDE RECEIVERS

DeAndre Hopkins (ARI, 30)

2023 Cap: $30,750,000

Hopkins has hit the trade hot stove of late, though that’s cooled a bit of late. The deal holds $34.3M over the next two seasons, but none of it is guaranteed, and Hopkins is likely looking to reup to a price point that more aligns with Tyreek, Davante, etc… If the Cardinals aren’t willing to oblige, there’s $8.15M of cap to be freed up with a Pre 6/1 trade out of town.

Robbie Anderson (ARI, 29)

2023 Cap: $12,000,000

Anderson caught 7 passes for 76 yards in 10 games with the Cardinals after being traded over from the Panthers. Arizona can free up all $12M here.

Isaiah McKenzie (BUF, 27)

2023 Cap: $2,925,000

McKenzie’s targets seemed to lessen down the stretch, putting his $2.225M salary on notice. That’s the amount cap-strapped Buffalo can free up by moving on before his $250,000 roster bonus hits on March 17th.

Tyler Boyd (CIN, 28)

2023 Cap: $10,285,280

Boyd still produces plenty in the wide open Bengals’ offense, but with Burrow, Higgins, & Chase all in line for contract updates, he may simply be a victim of the cap/cash bubble here. His 1 year, $8.9M contract might be tradeable, but that’s the number Cincy can free up with a trade or release this offseason.

Tee Higgins (CIN, 24)

2023 Cap: $3,961,416

Higgins is a premier wide receiver, so putting him on the bubble list seems wrong in every fashion. But there’s a very plausible chance that he enters contract talks with the Bengals seeking far more than Cincy is willing to offer him in his current role. If negotiations break down, there’s at least an outside chance that the Bengals start to scout his trade value, assessing their best path forward. He’s a $20M WR in our system while in Ja’Marr Chase’s shadow - what would he be as a true WR1?

K.J. Hamler (DEN, 23)

2023 Cap: $2,270,905

Hamler’s hit the IR each of his first three NFL seasons. It seems likely that Denver simply cuts their losses here, freeing up $1.5M of much needed cap space in doing so.

Brandin Cooks (HOU, 29)

2023 Cap: $26,463,302

Cooks said his goodbyes at the trade deadline - but wasn’t traded. He said his goodbyes again after Week 18. Will he be given his ticket out of Houston? An outright release is out of the question ($34.2M dead cap, $18M cash). His traded contract comes with 2 years, $35M, $18M fully guaranteed, with cap hits of $18.5M, $16.5M respectively. The Texans would take on $16.2M of dead cap this year, freeing up $10.2M of space.

Keenan Allen (LAC, 30)

2023 Cap: $21,700,000

Allen missed 7 costly games last season, but was on pace for his usual 100+ catch, 1,000+ yard, 6+ TD campaign prior to his injury. His cap hit soars to $21.7M next year, then $25.8M in 2024. $1.5M of his 2023 salary is fully guaranteed, but it seems plausible that the Chargers could secure a trade partner ($19M, $23.1M) if they sought a move. A Pre 6/1 trade would open up $16.3M of cap space for LAC.

Adam Thielen (MIN, 32)

2023 Cap: $19,967,647

Thielen signed a revised deal last March to secure his roster spot for the 2022 campaign. We’re not so sure that happens again this time around (despite Thielen-like production once again last season). His entire $11,817,647 salary becomes fully guaranteed on March 17th, so Minnesota will need to make a move quickly here. An outright release opens up $6.4M of cap space.

DeVante Parker (NE, 30)

2023 Cap: $6,206,250

Parker secured 31 catches for 539 yards and 3 TDs after being acquired from Miami last offseason. There’s $6.2M of cap to be freed up here if he’s traded or released, but for now, this one seems unlikely.

Kendrick Bourne (NE, 27)

2023 Cap: $6,872,539

Bourne was wildly under-utilized in 2022, so it’s fair to wonder if the addition of Bill O’Brien to run the show now could change that. There’s $5.4M to be freed up here with a move, but it seems like Bourne will be back in the fold for 2023.

Michael Thomas (NO, 29)

2023 Cap: $13,558,588

The Saints moved some numbers around prior to the 2022 season ending to set things up for March. It appears that the plan is to designate Thomas a Post 6/1 release, carry his $13.5M cap hit until then, then take on dead cap hits of $11.9M in 2023, and $14.1M in 2024, saving $1.5M against the upcoming cap (but not until June 2nd).

Kenny Golladay (NYG, 29)

2023 Cap: $21,400,000

Golladay has 43 catches & 1 TD in 26 games since joining the Giants (earning $36M for his efforts), and yet this story can’t totally be closed yet. A $4.5M roster bonus, due March 17th, is already fully guaranteed. Will the Giants find a trade partner to take this contract off of their hands ($18M cap hit this and next year)? If not, they may be paying a $4.5M parting gift to free up the roster spot, & $11.2M of cap space.

Corey Davis (NYJ, 28)

2023 Cap: $11,166,667

The quarterback play certainly hasn’t helped, but Davis hasn’t been able to separate himself much in two years with the Jets, despite a healthy $27M payout. None of his $10.5M for 2023 is guaranteed, and the Jets can open up all of it with a trade or outright release. Is he a piece in a potential Aaron Rodgers deal?

Braxton Berrios (NYJ, 28)

2023 Cap: $8,232,500

The Jets can’t cut ALL of their wide receivers, but a player who caught 18 balls last season and can free up $5.5M of cap space this offseason at least needs to be mentioned here. A new offensive coordinator might see Berrios’ usage differently.

Denzel Mims (NYJ, 25)

2023 Cap: $1,728,905

Mims has 42 catches and 0 TDs in 30 career games as a Jet. New York can open up $1.35M of cap space by moving on this March.

D'Wayne Eskridge (SEA, 25)

2023 Cap: $1,623,683

Eskridge just hasn’t found his footing in this Seattle offense, grabbing just 17 passes in 20 games. An early March trade/release frees up $778,773.

Brandon Aiyuk (SF, 24)

2023 Cap: $3,987,245

The 49ers have plenty of questions to answer this offseason, and what to do with Aiyuk probably isn’t one of them - but it might be. There’s a potential “sell-high” move to be made here, cashing in on Aiyuk’s career-high 78 catches, 1,015 yards, and 8 TDs. Will a team like the Bears view him as a potentially untapped weapon? There’s $2.3M of cap space to be opened up by shipping Aiyuk out this offseason - but for now, it still seems unlikely.

Mike Evans (TB, 29)

2023 Cap: $23,698,500

Evans is entering a contract year. Are the Buccaneers in a position to pay a premium price on a 29-year-old wide receiver? Will Evans be willing to play out an expiring contract with Blaine Gabbert at the helm? There’s at least a chance this relationship begins to pull apart this offseason as Tampa Bay enters a different window. Moving on Pre 6/1 opens up only $2.3M of cap, while a trade after that can free up $14.5M of space.

Robert Woods (TEN, 30)

2023 Cap: $14,616,666

Woods’ return from injury saw him average 3 catches, 31 yards per game. It’s going to be tough to justify that kind of production against a near $15M cap figure next season. Tennessee can free up $12M of space with an early trade or release.

TIGHT ENDS

Gerald Everett (LAC, 28)

2023 Cap: $8,000,000

Everett has been rumored to be on the bubble despite having $1.5M of his 2023 salary already fully guaranteed. Will the Chargers offering him the parting gift to free up $5.5M of cap space?

Durham Smythe (MIA, 27)

2023 Cap: $4,250,000

There’s more to Smythe’s game than catching a few balls a week, and it’s not fair to devalue him in that manner, but the Dolphins have cap to free up this offseason, and a move here would open up $3.5M.

Noah Fant (SEA, 25)

2023 Cap: $6,850,000

Fant was a piece of the Russell Wilson trade, catching 50 balls and 4 TDs in 2022. He holds a fully guaranteed $6.85M 5th year option salary in 2023, so any kind of move out of Seattle would have to come via trade. Will Dissly appears to have a stronghold on the primary TE role right now, but the Seahawks may opt to offer Geno Smith as many weapons as possible next season, even at a bit of an overpay.

Cameron Brate (TB, 31)

2023 Cap: $4,985,000

Brate signed a restructured deal to remain in the fold for 2022, but the Bucs need cap space wherever they can find it right now. An outright release only frees up $2M, but every little bit helps here.

Logan Thomas (WSH, 31)

2023 Cap: $8,675,000

Injuries & inconsistencies haven’t allowed Thomas to recreate his breakout 2020 season since then, and his contract is now right side up in terms of dead cap. The Commanders can open up $5.175M of space by moving on, but with a new QB likely coming into the picture, his veteran experience might be deemed too important to walk away from.

OFFENSIVE LINEMEN

Rodney Hudson (ARI, C, 34)

2023 Cap: $4,810,000

Hudson appears to be on the way out in one way or another (release or retirement), as the Cardinals have already dropped his 2023 base salary down to a near minimum $2M. Arizona will carry his $4.8M cap hit through June 2nd, then take on dead hits of $1.76M in 2023, $3.52M in 2024, opening up $3M of space at that point.

Mitch Morse (BUF, C, 30)

2023 Cap: $11,160,000

Morse took a pay cut in 2021, then agreed to a restructured extension last March that locked him in through the 2022 season. $2.36M of his 2023 compensation fully guarantees on March 19th, but the Bills can open up $6.16M of space by moving on prior to that date.

Cody Whitehair (CHI, G, 30)

2023 Cap: $14,100,000

The Bears don’t need cap space this March, but they need to improve this roster immediately. Whitehair’s deal is a holdover from the previous regime, and it carries a non-guaranteed $20.15M over the next two seasons. Chicago can open up $5.8M of room if they decide to upgrade here.

Lucas Patrick (CHI, C, 29)

2023 Cap: $5,382,500

Patrick battled a toe injury that limited his 2022 season to just 7 games. Sam Mustipher filled in well in his absence, and is slated for restricted free agency this March. Moving on from Patrick opens up $3.9 of cap - enough to cover Mustipher’s tender.

La'el Collins (CIN, RT, 30)

2023 Cap: $9,384,306

If the Bengals plan is to continue to build this O-Line up through the draft, Collins could be a one-and-done candidate in Cincy. A Pre June 1st release frees up $6M of much needed cap space, but can Cincinnati afford to be thin in the trenches?

Tyron Smith (DAL, OT, 32)

2023 Cap: $17,605,000

Smith enters a contract year, set to earn $13.6M against a $17.6M hit. He was moved to the right side of the line after returning from injury, making way for Tyler Smith (no relation) to take on the blindside role. There’s $9.5M of cap space to open up here if the Cowboys decide to move on, but it still seems like a big if right now.

Graham Glasgow (DEN, G, 30)

2023 Cap: $14,000,000

Glasgow is entering a contract year in 2023, set to earn $11M against a $14M hit. There’s a $1M roster bonus due March 19th, and Denver can open up all $11M by moving on.

Halapoulivaati Vaitai (DET, G, 29)

2023 Cap: $12,448,194

Vatai has missed action each of the past three seasons, including all of 2022. The Lions can open up $6.5M with a Pre 6/1 release, though Evan Brown his replacement this season is also slated for free agency this March.

David Bakhtiari (GB, OT, 31)

2023 Cap: $28,789,035

Bakhtiari has seen action in just 24 games over the past 3 seasons, but can still hold his own when healthy. There’s a $9.5M roster bonus due March 19th, and a Pre 6/1 release only frees up $5.6M of cap, but he still sits squarely on the bubble for now.

A.J. Cann (HOU, G, 31)

2023 Cap: $6,220,588

With a new QB coming to town, the Texans probably won’t deplete their offensive line too much, but with $5.2M of cap to be freed up here, there’s at least a chance Houston flips this contract for a rookie deal.

Matt Feiler (LAC,G, 30)

2023 Cap: $8,500,000

Feiler’s overall production dipped in 2022, putting his $6.5M salary on notice (all of which will clear with a release). There’s a good chance the Chargers will spend multiple draft picks on shoring up the O-Line as they prepare to back the Brinks truck up for QB Justin Herbert.

Andre James (LV, C, 25)

2023 Cap: $6,980,000

James enters a contract year in 2023, having started 13 games for the Raiders last season. Vegas can open up $5M of cap by moving on, paving the way for 2022 3rd rounder Dylan Parham to take over the reins.

Trenton Brown (NE, OT, 29)

2023 Cap: $12,161,760

Brown’s cap hit jumps up over $8M next season, with only $1.25M of dead cap pinned against it. He started 14 games for New England last season, so an outright release doesn’t seem likely, despite $11M of cap space to be opened up. We’d bet on a restructured contract with a 1-year guarantee that lowers the 2023 hit.

Andrus Peat (NO, G, 29)

2023 Cap: $18,371,000

Back-to-back restructures keep this contract difficult to move off from, but it seems a foregone conclusion anyway. A Pre 6/1 release only frees up $1.3M of cap space, while a Post 6/1 designation would open up $11.825M. The Saints have had players agree to base salary pay cuts in order to help facilitate a Post 6/1 move, and this feels like one of those situations. Dropping Peat’s deal down to the minimum for 2023 lowers his cap hit to $7.71M, a much more tenable number to have to carry through June 1st.

Duane Brown (NYJ, OT, 37)

2023 Cap: $11,281,882

Brown’s cap hit increases over $7.6M for 2023. He struggled in pass protection this past season, but with a potential splash veteran QB signing coming in, New York may opt for experience on their O-Line. A Pre 6/1 release frees up $5M, while a Post 6/1 designation makes it $9.7M opened up in June.

Gabe Jackson (SEA, G, 31)

2023 Cap: $11,262,223

Jackson seems like the odd man out on an offensive line that really progressed in 2022. Moving on from the 31-year-old can open up $6.5M of cap space for Seattle.

Donovan Smith (TB, OT, 29)

2023 Cap: $17,900,000

The Bucs will face some pain this offseason as they morph into life without TB12. Releasing your starting left tackle isn’t an ideal place to start, but the $9.95M of space to be had is certainly much needed. The 29 year old is entering a contract year, set to earn $15.25M cash in 2023.

Shaq Mason (TB, G, 29)

2023 Cap: $9,517,168

Mason played well enough to stick for 2023, but the Buccaneers are going to have to make moves they don’t necessarily want to make to get cap neutral this March. This could mean an extension for the 29-year-old to keep his prorated dead cap spread out, and keep him in the fold for what could be a Blaine Gabbert run offense. If he’s released, a Pre 6/1 move opens up $5.2M of space.

Taylor Lewan (TEN, OT, 31)

2023 Cap: $14,841,000

Lewan enters a contract year, set to earn a non-guaranteed $14.8M. All of it can come off of the books with an outright release or trade. 

Chase Roullier (WSH, C, 29)

2023 Cap: $12,420,000

Roullier has played just 10 games in the past 2 seasons, putting his $12M+ cap hit on notice. A Pre June 1st release opens up $4.32M of space, while a Post 6/1 move frees up $8.3M.

INTERIOR DEFENDERS

Ed Oliver (BUF, 26)

2023 Cap: $10,753,000

Oliver enters his fully guaranteed 5th year option season and was very much in consideration for a long-term extension this time last year. But career low production in 2022 leaves his future in Buffalo very much in question. If the Bills can locate a trade partner, look for them to make the move. All $10.753M of his salary would transfer to the new team.

Tim Settle (BUF, 25)

2023 Cap: $4,945,000

Settle saw action in 36% of the snaps he was available to take, offering up 19 tackles, 1 sack, & 1 forced fumble during that time. His $4.9M cap figure for 2023 isn’t dauting, but the Bills need cap space, and there’s $2.2M to be freed up here prior to March 19th, when $1.9M of his salary fully guarantees.

Michael Brockers (DET, 32)

2023 Cap: $13,975,000

Brockers enters a contract year, set to earn a non-guaranteed $10M in 2023. He missed most of 2022 with injury, compiling depth production at best in the 6 games he was active for. The Lions will pick up $10M of cap savings by moving in this March.

Roy Robertson-Harris (JAX, 29)

2023 Cap: $10,133,334

Robertson-Harris enters a contract year in 2023, set to earn $7.8M. He’s been consistently solid for the better part of 6 NFL seasons, but with a cap hit north of $10M on the books, and cap-strapped Jacksonville able to free up $7.8M of space by moving on, he has to be considered a bubble player for now.

Fletcher Cox (PHI, 32)

2023 Cap: $10,000,000

While he’s “technically” under contract for 2023, his $1.5M cash salary is a dummy year that allows Philly to carry his contract through June 1st, splitting his dead cap up into $2.5M for 2023, $7.5M for 2024. That of course is under the assumption that Cox and the Eagles don’t come to agreement on an extension in the coming week.

Quinton Jefferson (SEA, 29)

2023 Cap: $6,485,000

One of Jefferson or Shelby Harris probably falls off of this roster for cap purposes as the Seahawks look to get younger and faster on their D-Line. Both players had respectable 2022 campaigns, and with Jefferson on an expiring contract that carries $4.2M of cash/cap to be moved, he makes the list as a potential trade target. Especially as he’s spent time on the interior in 3-4s and on the edge in 4-3 defenses.

EDGE DEFENDERS

Dennis Gardeck (ARI, OLB, 28)

2023 Cap: $4,216,666

Gardeck and Markus Golden enter the offseason in similar situations with near identical finances attached to them. Moving on from Golden opens up $3M of cap, while releasing Gardeck frees up $2.8M. 

A.J. Epenesa (BUF, DE, 24)

2023 Cap: $1,870,050

Epenesa hasn’t rounded into the player the Bills were hoping he’d become, and he enters a contract season in 2023. There’s only $1.4M of cap to be opened up here, but with Buffalo’s current financial situation, every little bit helps.

Romeo Okwara (DET, DE, 27)

2023 Cap: $14,500,000

He’s seen action in just 9 games since 2021, making another $14.5M cap hit tough to justify. Detroit can open up $7.5M of cap space with an early March release.

Mario Addison (HOU, DE, 35)

2023 Cap: $4,423,521

While the cap is certainly feasible, Addison finds himself on a team very much hitting the reset button. With $3.4M to be freed up, he may be looking to latch on with a contender in the next few weeks.

Jerry Hughes (HOU, DE, 34)

2023 Cap: $6,250,000

The 34-year-old posted 9 sacks, 33 tackles, 2 forced fumbles, and an interception in 2022, proving he’s still a legitimate asset, even in the toughest of situations. There’s a world where a team values his $5M non-guaranteed salary in a trade market this offseason, and the Texans should be listening.

Frank Clark (KC, DE, 29)

2023 Cap: $30,175,000

Clark signed a restructured extension this past March to lower his cap hit and stay in the fold. He responded with a Frank Clark type season (5 sacks, 40 tackles), but now sits with a $30.1M cap hit for the upcoming campaign. With Chris Jones poised for a new deal, can the Chiefs extend Clark again? Will they bite the bullet on a restructure that pushes dead cap down the line? This is a situation to watch - and many teams will be.

Chandler Jones (LV, DE, 32)

2023 Cap: $19,312,000

This one seems pretty unlikely, as the only way out of town for Jones is a trade, and he’s coming off one of his poorer career seasons. There’s an $8.5M roster bonus for March already fully guaranteed, and he carries a 2 year, $34M contract ($17M/$17M) with him to a new team if traded, freeing up $9.7M for Las Vegas.

Leonard Williams (NYG, DE, 28)

2023 Cap: $32,260,000

After 2 extremely productive seasons in 2020-2021, Williams’ production dipped off slightly - mostly stemming from 5 weeks missed. There are a few reasons Williams finds himself on this list, and his inability to make a difference on the field isn’t one of them. 1) The Giants have a LOT of mouths to feed offensively. 2) Dexter Lawrence is in his extension window. 3) Williams is on an expiring contract with a loaded cap figure. It just may be the wrong time to extend Williams on this roster, making him a very attractive trade candidate this March. He holds a 1 year, $18M (non-guaranteed) contract if moved, freeing up over $12M of cap for the Giants.

Carl Lawson (NYJ, DE, 27)

2023 Cap: $15,333,334

Lawson has faced a tough road injury wise since joining the Jets back in 2021. With all of the guaranteed money now off the books, and $15M to be saved on his 2023 cap hit, it stands to reason New York will move off this deal, even if the intention is to bring him back on something fresher.

Bud Dupree (TEN, OLB, 29)

2023 Cap: $20,200,000

The Titans have work to do on their cap table, and Dupree hasn’t approached living up to the $34M he’s earned from them over the past two seasons, but $1.25M of his 2023 salary is fully guaranteed right now. It’s rare to see teams hand out cash payments to players they release, but it certainly happens. If that becomes the case here, a Pre 6/1 cut can open up $10.6M of much needed cap space.

LINEBACKERS

Malik Harrison (BAL, 25)

2023 Cap: $1.3M

The 3rd rounder back in 2020 has seen limited action in 3 seasons, but - as Ravens’ linebackers tend to do - has also made a name for himself in that span. With Roquan Smith paid, and Patrick Queen trending in that direction soon, finding a trade partner for Harrison in the final year of his rookie deal holds some logic.

Eric Kendricks (MIN, 31)

2023 Cap: $11,430,000

He can still fill up a stat-line with the best of them, but the Vikings need to begin the process of getting younger (and subsequently cheaper) especially on the defensive side of the ball. Kendricks’ expiring contract can open up $9.5M of much needed cap space for Minnesota, who may address this position fairly early in the April draft.

C.J. Mosley (NYJ, 30)

2023 Cap: $21,476,000

Mosley’s contract gets right side up for the first time this offseason, at least mildly putting him in consideration for being moved on from. The Jets can free up $6.5M with an early outright release, but doing so will leave a large hole in the middle of their defense. A base salary conversation can reduce the cap hit by $12.6M.

Myles Jack (PIT, 27)

2023 Cap: $11,250,000

The Steelers took a flier on Jack that included $8M last season, and $8M (non-guaranteed) for 2023. With Robert Spillane & Devin Bush headed to free agency, the cupboards are already pretty bare in the center of the Steelers’ defense. But getting out of this deal and starting over everywhere still makes sense.

Zach Cunningham (TEN, 28)

2023 Cap: $13,426,466

Cunningham missed 11 weeks due to injury, putting his $13M cap hit now on notice. Tennessee has cap to clear, and possible a roster to start turning over as well, meaning positions like this will probably be passed over for rental options. Moving off of this contract opens up almost $9M of space for the Titans.

CORNERBACKS

Shaquill Griffin (JAX, 28)

2023 Cap: $17,147,055

The Jags still have work to do to tinker with this roster and step to the next level in the AFC. That takes cap space, and Jacksonville is currently in the red in that regard. Moving on from Griffin’s expiring contract opens up $13.1M of space.

Jalen Ramsey (LAR, 28)

2023 Cap: $25,200,000

The Rams haven’t been shy about moving on from players a year earlier than we expect them to. Will Ramsey be the next version of this tactic? $12.5M of his 2023 salary is already fully guaranteed, but LAR can free up $5.6M of cap space with an early trade. For now, this seems highly unlikely.

Ahkello Witherspoon (PIT, 27)

2023 Cap: $5,482,500

Witherspoon missed most of 2022 due to injury, offering Cam Sutton & Levi Wallace a chance to collectively take that space. Sutton is slated for free agency, so it stands to reason that the Steelers would roll with a Wallace/Witherspoon combo next year, but there’s $4M to be saved here if not.

William Jackson (PIT, 30)

2023 Cap: $12,176,471

Acquired from Washington for a late round pick swap, a back injury kept Jackson from showing with Pittsburgh in 2022. He holds a non-guaranteed $12.1M next season including a $2.5M roster bonus due March 17th. 

Byron Jones (MIA, 31)

2023 Cap: $18,351,000

The guarantees fall off of this massive contract for the first time this offseason. With Xavien Howard now under contract, it feels like the Dolphins are at a point where they can move off of this deal, despite its minimal immediate savings ($3.5M).

SAFETIES

Chuck Clark (BAL, 27)

2023 Cap: $6,268,333

Clark enters a contract year, set to earn a non-guaranteed $3.64M. With Kyle Hamilton waiting in the wings, his status for 2023 remains up in the air. The Ravens can free up $3.64M with a release or trade.

John Johnson (CLE, 27)

2023 Cap: $13,500,000

Johnson was a strong contributor in 16 2022 games (especially against the run) but with a fresh set of eyes taking over the Browns’ D, it stands to reason that a few notable pieces will be turned over. A Post 6/1 release can open up $9.75M of space for Cleveland (only $900,000 if Pre 6/1).

Eric Murray (HOU, 29)

2023 Cap: $5,357,500

Murray finished the season in a depth role for Houston, putting his $5.3M hit on notice. The Texans can open up $4M of space by moving on here.

Rayshawn Jenkins (JAX, 29)

2023 Cap: $10,250,000

Jenkins holds value on a young Jags roster, but his coverage numbers left plenty to be desired. His cap figure jumps north of $10M next season, and there’s $6.25M of cap space to be freed up by moving on Pre 6/1. 

Harrison Smith (MIN, 34)

2023 Cap: $19,127,636

At first glance, a near $20M cap hit for a 34 year old defensive back is usually a slam dunk roster cut. But Smith played some of the best ball of his career to finish out 2022, and his eventual replacement Lewis Cine is recovering from a serious leg injury. A Pre 6/1 release frees up $7.8M of cap space, while a Post 6/1 designation would eventually open up $15.2M. However a base salary restructure, maybe the most likely outcome here, can open up $10.8M of cap space, keeping him in the fold for 2023.

SPECIAL TEAMS

Cairo Santos (CHI, K, 32)

2023 Cap: $4,500,000

Santos finished 2022 with a 91% hit rate on field goals, but he missed 5 PATs last season, putting his $4.5M cap figure in question. The Bears aren’t in desperate need of cap space, but there’s $3M to be freed up here.

Harrison Butker (KC, K, 27)

2023 Cap: $5,105,266

Butker had an off year by his standards, making only 75% of his field goals, and 92% of his PATs in 2022, by far his worst output to date. The Chiefs will have cap decisions to make this March, and there’s nearly $3M of space to be opened up with a Pre 6/1 move here.

Jason Sanders (MIA, K, 27)

2023 Cap: $3,775,000

Sanders made less than 80% of his field goal attempts while going 41/44 on PATs last season. He’s now had back to back inconsistent years from longer range, putting his $3.775M salary on notice.

Ryan Succop (TB, K, 36)

2023 Cap: $4,500,000

Succop made 81% of his field goals (31/38) in 2022, but hit 24 out of 25 PATs last season. In a normal offseason we look right past his contract, but with Tampa in a bit of cap mess entering March, the $3.75M of space to be opened up has to be under consideration.

Joey Slye (WSH, K, 26)

2023 Cap: 2,350,000

Slye converted 83% of his field goals and 85% of his PATs in 2022. His $2.35M cap hit for 2023 isn’t daunting, but if the Commanders can find a replacement, they’ll certainly opt for the $1.85M in space.

Michael GinnittiFebruary 01, 2023

Now that Tom Brady has officially-officially retired from the NFL, we’ll dive back into a 23 year career that saw 12 contracts, and an all-time tops $333M earned on the field.

We’ll use this space to accomplish two matters at hand. First, a dive into each of the 12 contracts, including notable notes, average salary rankings, his Win-Loss record & any Super Bowl appearances earned while on the deal.

Then, we’ll do some cringy math work to answer the age-old question: Just how much did he leave on the table?

Tom Brady’s Career Contract Analysis

The Rookie Contract

Tom Brady started his illustrious career at the bottom, signing a 3 year, $866,500 rookie contract with the Patriots back in 2000. The deal included a $38,500 signing bonus & minimum salaries of $193,000, $298,000, & $375,000. 

Brady’s AAV: $288,833
‘06 Rookie QB High AAV: $4.6M (Chad Pennington)
Record on Contract: 11-3
Super Bowl Appearances: 1 (1 win)

Brady actually did pretty well with this initial contract. 5 Quarterbacks were selected in the 6th round of the 2000 draft with Brady scoring the 2nd highest value and bonus of the bunch.

  • #168 Marc Bulger (2 years, $543,000, $28,000 bonus)
  • #183 Spergon Wynn (4 years, $1.291M, $80,000 bonus)
  • #199 Tom Brady (3 years, $866,500, $38,500 bonus)
  • #202 Todd Husak (2 years, $498,000, $30,000 bonus)
  • #205 JaJuan Seider (N/A)

With no rookie wage scale, and no extension rules in place, Brady was able to extend out of his rookie deal after the 2001 season (and his first Super Bowl win).

2002 Extension

The Patriots spent the 2002 offseason financially transferring their power of state from Drew Bledsoe to Tom Brady. Bledsoe had just signed a 10 year, $102.8M extension with New England in March of 2001, paying him $11.4M that season. However with it becoming immediately clear that this was Brady’s team going forward, New England linked up with division rival Buffalo, shipping Bledsoe and his massive contract out for the #14 overall pick in the 2003 draft (the Patriots moved up to #13 and selected Ty Warren with the pick).

New England now had a Super Bowl winning QB set to earn a league minimum $375,000 in an expiring contract for the upcoming season. They fixed that with a 4 year, $29.625M extension for Brady that included a $3.5M signing bonus. Brady spent 3 seasons on this contract, earning $19M for his efforts, before ripping it up and starting fresh (an exercise he’d get comfortable with).

Brady’s AAV: $7.4M (11th)
League-High AAV: $10.3M (Michael Vick)
Record on Contract: 37-11
Super Bowl Appearances: 2 (2 wins)

2005 Extension

Back-to-back Super Bowl wins in 2003 & 2004 forced the Patriots to replace the 2 years, $24M remaining on Brady’s contract with a 4 year, $42.8M extension. The deal included a $14.5M signing bonus, and $26M over the first two seasons (yes, just $2M more than his previous contract contained).

Brady played 5 out of 6 seasons on this contract, by far his longest tenure under one deal, earning $54.5M for his efforts. He won an MVP in 2007 (in an undefeated season), tore his ACL in 2008, & won Comeback Player of the year in 2009. The Patriots went to one Super Bowl during this tenure, losing to the 2007 Giants thanks to a certain helmet catch.

Brady’s AAV: $10.7M (5th)
League-High AAV: $18.7M (Steve McNair)
Record on Contract: 49-16
Super Bowl Appearances: 1

2010 Extension

After proving he was back to full health with a successful 2009 campaign, Brady was awarded a 4 year, $72M extension by the Patriots. The deal would end up being the largest total value contract he would sign in his career (by $22M). Brady turned an initial $6.6M 2010 payout into $16.5M, locking him $48.25M over the first three seasons of his new contract.

The $18M AAV also represents the first time that Tom Brady held the highest average paid NFL player honor, healthily surpassing Eli Manning’s $16.25M figure, who would get better of Brady once again in the 2011 Super Bowl.

Brady’s AAV: $18M (1st)
League-High AAV: $18M (Tom Brady)
Record on Contract: 39-9
Super Bowl Appearances: 1

2013 Extension

Now 2 MVPs & 5 Super Bowl appearances deep, Brady turned the final 2 years, $20M of his previous deal into a 3 year, $41M extension, including $32M over the first two seasons. This would be the start of Brady’s “keep the line moving” approach to his contract approach.

It’s also the obvious start of Brady taking notably less on an average annual basis, dropping his AAV from $18M down to $13.6M here, dropping him down to #18th overall in the league (despite $12M more to be earned across 2013-2014).

The Patriots lost the AFC Championship in 2013, then beat the Seahawks in the 2014 Super Bowl, thanks to Marshawn Lynch being used as a decoy at the goalline.

Brady’s AAV: $13.6M (18th)
League-High AAV: $22M (Aaron Rodgers)
Record on Contract: 24-8
Super Bowl Appearances: 1 (1 win)

2015 Extension

Brady scored a new deal for his age-38 season, dropping his AAV to 10-year-low $9M per year (87tn in the NFL). He’d earn $13M cash for his 1 season on this deal, thanks to $5M of signing bonus payment carrying over from his previous contract.

The Patriots lost the AFC Championship in 2015, and Brady was the MVP runner-up to Cam Newton. So why the need for a new contract after just one season? Ball air.

Brady’s AAV: $9M (86th)
League-High AAV: $22M (Aaron Rodgers)
Record on Contract: 12-4
Super Bowl Appearances: 0

2016 Extension

Embroiled in the “Deflate-Gate” mess, and perhaps adjusting his finances back to reality a bit, Brady and the Patriots agreed to a 2 year, $41M restructured extension. The deal now paid out Brady nearly $30M over two seasons, instead of the $19M he was due on the previous deal. It also (coincidentally) lowered his base salary down to the league minimum, which greatly reduced the amount of money he would eventually forfeit per a 4-game suspension for Deflate-Gate. He’d go 11-1 following his return to the lineup, beating the Falcons in a miraculous comeback for his 5th Super Bowl victory.

2017 was almost as special, as 40 year old Tom Brady led the league in passing yards, won the MVP, but lost to a Nick Foles-led Eagles in the Super Bowl.

Brady’s AAV: $20.5M (12th)
League-High AAV: $24.5M (Andrew Luck)
Record on Contract: 24-4
Super Bowl Appearances: 2 (1 win)

2018 Extension

The AAV & cash flow dropped down to $15M for Brady’s age-41 extension. It was largely expected that he’d tack on a few more million with achievable incentives, but he wound up going 0-5 in that regard for his 1-year run on this deal. Oh and by the way, the Patriots beat the Rams to score Brady his 6th ring.

Brady’s AAV: $15M (47th)
League-High AAV: $33.5M (Aaron Rodgers)
Record on Contract: 11-5
Super Bowl Appearances: 1 (1 win)

2019 Extension

The Patriots extended Brady in 2019 to free up some cap space, and to ramp up for his eventual exit. The $23M earned in 2019 was a career high for Brady - by $4M. Parting gift?

Brady’s AAV: $23M (14th)
League-High AAV: $35M (Russell Wilson)
Record on Contract: 12-4
Super Bowl Appearances: 0

2020 Free Agent Contract

Brady joined the Buccaneers on a 2 year, $50M contract, scoring the 2nd highest total value, and highest average salary contract of his career. The 43 year old posted a 102.2 rating, threw for 40 TDs, and won his 7th (and final) ring.

Brady’s AAV: $25M (17th)
League-High AAV: $45M (Patrick Mahomes)
Record on Contract: 11-5
Super Bowl Appearances: 1 (1 win)

2021 Extension

Brady & the Bucs decided to run-it-back on a restructured extension that dropped his cap figure from $25M down to $10.5M. When factoring in two bonuses, a minimum salary, & $1.8M of earned incentives, Brady took home just under $40M cash for his efforts in 2021 - by FAR his career high.

Brady’s AAV: $25M (18th)
League-High AAV: $45M (Patrick Mahomes)
Record on Contract: 13-4
Super Bowl Appearances: 0

2022 (Un-retirement) Extension

The final contract of Brady’s career was a 1 year, $15M restructure that paid out $30M in total, thanks to $15M of previously earned signing bonus carrying over to the 2022 season. The Bucs utilized void years to spread everything out as much as possible, keeping his cap figure at a modest $11.896M for the 2022 campaign.

Brady’s AAV: $15M (109th)
League-High AAV: $50.2M (Aaron Rodgers)
Record on Contract: 8-9
Super Bowl Appearances: 0

 

How Much Did Brady Leave On the Table?

So here’s the perfectly improbable but still nerdy and fun exercise. We’re going to take every one of Tom Brady’s contracts and re-evaluate them in two separate ways:

First, we’re going to adjust the AAV of his contract based on the years and dollars he actually played on them (already, we’re completely unrealistic, but let’s forge on).

Then, we’re going to find the difference between each AAV, and the Max AAV in the league the year the contract was signed. So for instance if Brady played 4 seasons making $36M over that span, we’re going to call it a $9M adjusted AAV for 4 years. If the league max was $15M when he signed that deal, we’re going to say the difference was $6M x4 years, or $24M total.

Should I bury the lead to save you from the homework? Using this highly scientific formula, we project that Brady left a maximum of $123,806,034 cash on the table by not demanding a top of the market contract every time he re-negotiated. But who’s counting?



Rookie Contract
Adjusted AAV: $301,830
Possible AAV: $301,830
Difference: $0

2002 Extension
Adjusted AAV: $6,337,560
Max AAV: $10,333,333
Difference: $3,995,773 x3

2005 Extension
Adjusted AAV: $10,903,000
Max AAV: $18,700,000
Difference: $7,797,000 x5

2010 Extension
Adjusted AAV: $16,083,333
Max AAV: $18,000,000
Difference: -$1,916,666

2013 Extension
Adjusted AAV: $16,000,000
Max AAV: $22,000,000
Difference: $6,000,000 x2

2015 Extension
Adjusted AAV: $13M
Max AAV: $22,000,000
Difference: $9,000,000

2016 Extension
Adjusted AAV: $14,887,150
Max AAV: $24,500,000
Difference: -$9,612,849 x2

2018 Extension
Adjusted AAV: $15,000,000
Max AAV: $33,500,000
Difference: $18,500,000

2019 Extension
Adjusted AAV: $23,000,000
Max AAV: $35,000,000
Difference: $12,000,000

2020 Contract
Adjusted AAV: $28,375,000
Max AAV: $45,000,000
Difference: $16,625,000

2021 Extension
Adjusted AAV: $39,420,588
Max AAV: $45,000,000
Difference: $5,579,412

2022 Extension
Adjusted AAV: $30,000,000
Max AAV: $50,271,667
Difference: $20,271,667

Michael GinnittiJanuary 31, 2023

The 49ers ran out of magic down the stretch, sending them to an offseason full of indecision (seemingly). There are some easy moves on the list (Nick Bosa’s extension, Fred Warner’s restructure), but the right path forward for players like Arik Armstead & Brandon Aiyuk could shake things up a bit. Oh and by the way, there’s that whole QB1 ordeal.

After factoring in reserve/future contracts, the 49ers currently sit with about $5.3M of Top 51 cap space heading into February. Obviously that means work to be done. We’ll uncover some of that here.

RELATED:
49ers 2023 Salary Cap Table
2023 49ers Free Agents

Notable Team Needs

Based on the positional breakdown below:

  • Cornerback & Safety
  • Center
  • Veteran Quarterback
  • Depth Tight Ends
  • Kicker
  • Long Snapper

Potential Restructure & Roster Bubble Candidates

The Quarterback Room

Is currently an in-house Immediate Care.

31-year-old Jimmy Garoppolo continues to rehab his foot injury as he nears the open market. It seems a lock that he won’t be back in San Francisco next season. Best story of the season Brock Purdy now begins his work to fix and recover from a full UCL tear this past weekend. None of the $2.95M owed to him over the next 3 seasons is guaranteed. And 2021 1st rounder Trey Lance continues to recover from a serious ankle injury, with his timeline to return still a bit up in the air. Lance holds a fully guaranteed $9M over the next two seasons, plus a 5th-year option in 2025.

There’s an add to be made here this offseason. Will it be a smaller addition to tack on needed depth based on the injury issues, or will this be a spot for a 1-year, start immediately veteran to take the reins for 2023?.

The Running Back Room

Christian McCaffrey holds a non-guaranteed $36.2M over the next 3 seasons, set to earn $12M on a $12M cap hit next year. A full base salary conversation + 2 void years can open up $8.5M of space for the Niners this March.

24-year-old Elijah Mitchell enters Year 3 of his rookie deal, set to earn a non-guaranteed $940k in 2023. He averaged 6.2 yards per carry in 5 games last season. Youngsters ??Jordan Mason & Ty Davis-Price should remain in the fold as capable depth.

 

Fullback Kyle Juszczyk has $1.25M of his 2023 salary fully guaranteed right now. He’s set to earn $5.25M against a $6.5M cap hit next year, with 2 years, $12.5M non-guaranteed to follow.

The Wide Receiver Room

Deebo Samuel enters Year 2 of a 4 year, $76M deal, set to earn $11.3M against a team-friendly $8.6M cap hit. He’ll be fully guaranteed through 2024 by April 1st, 2023.

2020 1st rounder Brandon Aiyuk is now extension-eligible for the first time, set to earn a fully guaranteed $2.3M in 2023. The Niners will have to decide on his 5th year option for 2024 by May 2nd. Aiyuk just finished his best season by a longshot, snagging 78 catches for 1,015 yards and 8 scores, and currently projects to a 4 year, $72M contract in our system. The future of Aiyuk could be an interesting talking point for San Francisco this offseason.

Ray-Ray McCloud enters a contract year on a non-guaranteed $1.2M salary, 2022 3rd rounder Danny Gray enters Year 2 of his rookie deal, & Jauan Jennings should be back on a minimum next season.

The Tight End Room

George Kittle enters Year 4 of a 6 year, $75.5M contract, set to earn $12.25M against an $18M cap number (#1 among 2023 Tight Ends). $4.5M of his 2023 compensation is already fully guaranteed, locking the 30-year-old in for the upcoming season. He caught a career-high 11 TD passes in 2022.

2020 6th rounder Charlie Woerner enters a contract year in 2023, set to earn a non-guaranteed $1M. He’ll hit the offseason as a roster bubble candidate, while Tyler Kroft & Ross Dwelley are slated for unrestricted free agency.

The Offensive Line

Left Tackle Trent Williams enters Year 3 of a 6 year, $137M contract, set to earn $20.25M against a $27.1M cap hit (4th most among 2023 OLs). $6.2M of his 2023 compensation is already fully guaranteed, with another $10M set to lock on April 1st. The remaining 3 years, $77.3M on this contract are non-guaranteed.

 

2021 2nd rounder Aaron Banks will be back at Left Guard, holding a non-guaranteed $3M over the final two seasons of his rookie deal.

Centers Jake Brendel & Daniel Brunskill are both slated for free agency, making this a priority need for the Niners this offseason.

2022 4th rounder Spencer Burford had an inconsistent first campaign (as to be expected), but he settled into his Right Guard role down the stretch, and holds a non-guaranteed $2.9M through 2025.

Right Tackle Mike McGlinchey is slated for unrestricted free agency, while his apparent replacement Colton McKivitz, should garner a $2.7M tender in restricted free agency.

The Defensive Line

Javon Kinlaw enters Year 4 of his rookie contract, and is now extension-eligible for the first time, but with just 10 games played over the past two seasons, that seems unlikely right now. The Niners will need to decide on his 5th-year option by May 2nd.

After an outstanding 2021, Arik Armstead missed half of 2022 and is set to earn $16.74M against a $23.9M cap figure. While Armstead’s compensation is non-guaranteed, he holds $21.9M of dead cap this offseason, putting the Niners in a tough spot. San Francisco might opt for a smaller restructure here to lower the $23M figure without adding too much to the $14.3M of dead cap for 2024.

 

Samson Ebukam posted a career high 5 sacks this season, but is slated for free agency this coming March. 2022 2nd rounder ??Drake Jackson is likely asked to step into this role going forward.

The big headline here though is attached to DE Nick Bosa, who enters his 5th-year option salary season, set to earn a fully guaranteed $17.8M next season. Bosa carries a $28.6M valuation in our system, with his brother’s $102M guaranteed in clear view. 5 years, $130M, $105M guaranteed should be where things are headed here.

The Linebackers

Dre Greenlaw filled up the stat sheet in 2022, posting 127 tackles, 2 forced fumbles & a pick for his efforts. He’s set to earn $4.775M in 2023 against a very friendly $5.5M cap hit.

Fred Warner enters Year 3 of a 6 year $98M contract, set to earn $13.5M against an $18.5M cap hit for 2023. The 26-year-old was invaluable once again this past season, and the Niners can free up $9.4M of space by converting his base salary into signing bonus this offseason.

Azeez Al-Shaair started 7 games this year and is scheduled for unrestricted free agency this offseason. While RFA Demetrius Flannigan-Fowles should garner the $2.6M first right of refusal tender this March.

The Secondary

Charvarius Ward enters Year 2 of his $40.5M deal set to earn $14M against a $16.4M cap hit. $5M of it is already guaranteed, and another $8.5M locks in this April 1st. A full base salary conversion can open up $9.9M of cap space for the Niners.

Rookie deal cornerbacks Deommodore Lenoir, Samuel Womack, & Ambry Thomas all should factor in this offseason, while vets Jason Verrett & Emmanuel Moseley are slated for free agency.

Veteran safeties Tashaun Gipson & Jimmie Ward are set to hit the open market, while 2021 5th rounder Talanoa Hufanga remains a candidate to start next season. Safety is a big position of need for the Niners this March.

The Special Teamers

40-year-old Robbie Gould is headed back to free agency, but he performed well enough to warrant another deal in San Francisco if he’s so inclined.

P Mitch Wishnowsky enters Year 2 of a 5 year contract, carrying a cost-effective $1.8M cap figure for 2023, while LS Taybor Pepper is headed for free agency.

Michael GinnittiJanuary 30, 2023

After narrowly missing their second straight Super Bowl, the Cincinnati Bengals find themselves in offseason mode, with notable free agents in the secondary, a few looming decisions to be made with their weapons, and a gigantic contract extension for QB Joe Burrow now hanging over the franchise.

Cincy hits February with around $44M of Top 51 cap space (prior to reserve/future signings), but as noted below, can fairly easily open up $15M+ with simple salary conversions and/or contract extensions this spring.

RELATED
2023 Unrestricted Free Agents
Bengals’ 2023 Salary Cap Table

Notable Team Needs

Based on the positional breakdown below:

  • Cornerbacks & Safeties
  • Off-Ball Linebacker
  • Offensive Guard
  • Tight End
  • Running Back
  • Backup Quarterback

Potential Roster Bubbles or Restructures

The Quarterback Room

Joe Burrow enters Year 4 of his rookie contract, now extension eligible for the first time. He’s guaranteed $5.5M for 2024, plus a 5th year option for 2024 that will need to be exercised by May, but the focus turns solely to his next long-term deal. Burrow values mathematically to a 6 year, $264M extension in our system, but $300M, with nearly $200M guaranteed seems a perfectly logical landing spot. Will he structure his deal in a way that can help the Bengals continue to remain in contention over the next 3-4 seasons?

Behind him, QB2 Brandon Allen is slated for free agency this March.

The Running Back Room

Joe Mixon didn’t quite match the outstanding 2021 campaign he posted (1,500+ yards, 16 TDs), but he was still a viable weapon, catching 60 passes while finding the end zone 9 times. With that said, his contract contains 2 years, $20.4M remaining, none of which is guaranteed or paid out as an early bonus. If the Bengals think they can flip this position on the fly, there’s $7.2M of cap to be freed up with an early release, $10M+ if Post 6/1. If the plan is to keep him, a base salary conversation + 3 void years can open up $6.5M of space.

Samaje Perine has completed his 2 year, $3.3M contract and is slated for unrestricted free agency. The 27-year-old posted a career high 681 yards from scrimmage & 6 touchdowns this year, factoring well in big moments down the stretch. There’s a world where the Bengals re-sign Perine in favor of moving on from Mixon here.

The Wide Receiver Room

Ja'Marr Chase enters Year 3 of his rookie contract, set to earn $3.4M on an $8.4M cap hit. He won’t become extension-eligible until after the 2023 season. The Bengals should be saving their change though, as the 22 year old already projects to a 4 year, $102M extension in our system - even before Justin Jefferson takes the market to another level.

2020 2nd rounder Tee Higgins enters a contract year in 2023, set to earn $3M including a proven performance escalator. The 24 year old is now extension eligible, carrying a $20M+ valuation in our system. Is he willing to accept WR2 money in a WR2 role behind Ja’Marr Chase for another 3 seasons, or does he aspire to cash in with a team looking to upgrade him to WR1 status?

28 year old Tyler Boyd caught a 5 year low 58 balls for 762 yards this past season. He’s entering a contract year in 2023, set to earn $8.9M on a $10.2M cap hit. The Bengals can free up $8.8M of space by moving on via trade or release, a stark possibility this offseason.

The Tight End Room

Hayden Hurst more than doubled his 2021 production this past season with the Bengals, and did plenty to at least be considered for a return to Cincy in 2023. He’s slated for unrestricted free agency this March, carrying a 1 year, $7M valuation in our system.

2019 2nd rounder Drew Sample is also headed to the open market, missing most of 2022 with a knee injury. UDFA Mitchell Wilcox & Patriots cast-off Devin Asiasi could be back in the mix.

The Offensive Line

Left Tackle Jonah Williams enters Year 5 of his rookie contract, set to earn a fully guaranteed $12.6M on his option salary. He’s a $15M player in our system, but it’s unclear as of now if the Bengals view him as a long-term option at the blindside tackle position.

4th-rounder Cordell Volson settled into his role as the Left Guard, now holding a non-guaranteed 3 year, $2.9M through 2025.

Veteran Center Ted Karras signed a 3 year deal this past March that only contained guarantees in 2022. He should be back in the fold next season on a $4.6M salary, $5.5M cap hit.

Right Guard Alex Cappa battled an ankle injury down the stretch but was an obvious upgrade at the position this season. None of the 3 years, $21.5M remaining on his contract are guaranteed, but an $8.7M cap hit for 2023 shouldn’t be an issue, and the Bengals can free up $3.5M of it with a base salary conversion + 3 void years.

Right Tackle La'el Collins holds a non-guaranteed 2 year, $14M contract from here out, including a $9.3M cap charge for 2023. $2.4M of his compensation is built into per-game-active bonuses.

The Defensive Line

D.J. Reader enters a contract year in 2023, set to earn $11.6M against a $15.5M cap figure. The #6 rated defensive lineman according to PFF carries a $16M valuation in our system, with Grady Jarrett’s 3 year, $50M re-up in Atlanta as a baseline comp.

B.J. Hill enters Year 2 of a 3 year, $30M deal, set to earn $7.5M against a $10.8M cap hit. Cincy can open up $4.8M of cap space by converting his base salary & roster bonus into signing bonus (+3 void years). Josh Tupou was a viable depth option, and should be back on his $1.5M cap figure.

Edge rushers Trey Hendrickson (2 years, $28M) & Sam Hubbard (3 years, $25.75M) both had outstanding seasons. Hubbard’s $9.9M cap figure shouldn’t be an issue, but Hendrickson’s current $15.4M charge likely gets restructured. A full salary + roster bonus conversation + 3 void years can open up over $9.3M of space.

The Linebackers

2020 3rd rounder Logan Wilson enters a contract year in 2023, set to earn $2.7M against a $3M cap hit (thanks to a proven performance escalation). He projects to a 3 year, $28M contract in our system. Wilson & Germaine Pratt posted excellent 2022 campaigns, with the latter now headed to the open market this March, holding a 4 year, $42M valuation.

2020 4th rounder Akeem Davis-Gaither also enters a contract year, and could be stepping into a much bigger role if Pratt walks. Joseph Ossai enters Year 3 of his rookie deal.

The Secondary

LCB Eli Apple, FS Jessie Bates III, & SS Vonn Bell are all slated for free agency this March make the secondary an absolute priority for the Bengals in the coming weeks. Bates played out 2022 on the franchise tag, bagging 71 tackles and 4 picks for his efforts. A second tag in 2023 would come in at $15.5M. Bates projects to a 4 year, $56M contract, while Bell & Apple value to around the $11M per year mark in our system.

Chidobe Awuzie, who missed half the season with a torn ACL should be ready for the start of 2023, enters a contract season set to earn $6.65M against a $7.9M cap hit. He and 2022 2nd rounder Cam Taylor-Britt could be asked to take on the bulk of the snaps barring a major addition to the cornerback room this offseason. Slot corner Mike Hilton carries a more than tenable $5.9M cap hit in 2023, and could even be a small restructure candidate to free up a few million.

2022 1st rounder Daxton Hill saw limited action this season, but could be thrust into a starting safety role with the expected vacancies.

The Special Teamers

2021 5th-round kicker Evan McPherson enters Year 3 of his rookie deal, coming off a bit of a struggling 2022 campaign (82% field goals, 90% PATs). He’s on a non-guaranteed 2 year, $2M deal for now.

UDFA P Drue Chrisman returns on a minimum salary for 2023, while Cincy likely runs it back with undrafted LS Cal Adomitis again next season.

Michael GinnittiJanuary 29, 2023

Patrick Mahomes (KC, 27)

Mahomes completed Year 3 of his 12 year, $477M contract this season, earning $29.45M for his efforts. It seems extremely likely that he’ll add another $1.25M with his 2nd NFL MVP award soon, and there’s another $1.25M to be added with a victory against the Bengals in the AFC Championship game.

The bulky portion of Mahomes’ contract kicks in next season, where he’s set to earn $40.5M on a $46.7M cap figure (3rd highest in the league). There’s a massive $34.4M roster bonus that can be converted to signing bonus, freeing up $27.5M of cap space for the Chiefs, who enter February with about $12M of Top 51 room (though reserve/future contracts have yet to be signed).

The Mahomes deal has an early vesting guarantee all the way through 2031. All of his 2023 & 2024 compensation is already fully guaranteed and another $38.9M from 2025 locks in this coming March 17th. It’s a truly unprecedented NFL contract. 

 

Joe Burrow (CIN, 26)

Burrow just finished Year 3 of his rookie contract, totaling $30M earned in his first three NFL seasons. He’s now extension-eligible for the first time, though his current deal still contains a fully guaranteed $5.5M next season, plus a 5th-year option in 2024.

The Bengals have no reason to wait around with his contract extension, as Burrow has answered every question from Day 1, immediately converting Cincinnati from a bit of a laughing stock, into annual contenders.

When evaluating his past two seasons against the likes of Mahomes, Allen, Murray, & Watson, Burrow calculates to a $44M price point. But there’s zero reason to believe that the Bengals won’t establish a contract that puts Burrow ahead of Aaron Rodgers’ $50.1M per year, and Kyler Murray’s $189.5M in total guarantees. Those are the benchmarks, and he’s earned them.

 

Jalen Hurts (PHI, 24)

Hurts just finished Year 3 of his 4 year, $6M rookie contract in Philly, meaning he’ll be entering a contract season in 2023. His base salary for next year has already been escalated to a projected $4M based on playing time/production, adding an additional $3M to his overall compensation, but it seems a moot point.

The Eagles are largely expected to extend their young QB1 this spring, who responded remarkably to the “all-in” roster that was quickly built around him for the 2022 campaign (66% completion rate, 246 pass yards per game, 22 TD/6 INT, 101.5 rating, 760 rush yards, 13 rush TDs).

Like Burrow, he also carries a $44M valuation into the offseason, despite a more versatile set of skills. Size, durability, and overall injury risk are red flags he’ll carry for the rest of his career, but putting a 4 year guarantee on him through his age 28 season hardly seems a risk not worth taking. Kyler Murray’s 5 year, $230.5M extension ($189.5M total guaranteed) in Arizona is a baseline for the Hurts negotiation this spring.

 

Brock Purdy (SF, 23)

Purdy just completed his rookie season that included a $77,000 signing bonus, and league minimum $705,000 base salary. He’ll earn the league minimum 2 years, $1.85M over the next two seasons before becoming extension-eligible after 2024.

None of us can see into the SF QB Glass Ball, but it seems at least possible that Purdy has earned himself the right to start the 2023 season as the Niners QB1. Unrevealed prospect Trey Lance still has 2 years, $9M (fully guaranteed) plus a 5th-year option in 2025 remaining on his rookie deal. If we remove the draft compensation given up to move up and select Lance, these numbers actually represent standard QB2 money in the league.

How will this all shake out? Completely undetermined. If the Niners are blown away by a trade offer for Lance, why wouldn’t they consider picking up additional draft compensation? If they remain committed to making Lance their QB1, they now have the ability to slow-play his recovery from serious injury, using Purdy as a long-term substitute in the meantime. Lance & Purdy are set to account for $10.1M against the SF cap next season - $44.8M less than what Deshaun Watson currently accounts for in Cleveland. 

Michael GinnittiJanuary 26, 2023

After narrowly missing the playoffs, the Packers hit the offseason with plenty of question marks, an overage of salary cap (-$17M at the time of this piece), & a decision to be made at both QB1 & QB2 in the coming months.

Notable Team Needs

Based on the positional breakdown below, the 2023 Packers appear to be thinnest at:

  • Quarterback (potentially)
  • Wide Receiver (behind the youth)
  • Tight End
  • Offensive Tackle (potentially both)
  • Safety
  • Kicker

Potential Roster Bubbles or Restructures

The Quarterback Room

Another will he won’t he offseason for Aaron Rodgers drives the Packers’ decision making process. There’s a $58.3M option bonus attached to his 2023 compensation ($59.515M total) which will need to be delayed until Green Bay understands how things will move forward.

Assuming Rodgers decides to return for a 19th season with the Packers, Green Bay will exercise that option, keeping his 2023 cap figure at $31.6M (with no additional restructuring available).

If Rodgers requests a trade, there are two options: Before June 1st, and after. The former has more cap pain, but the latter means no 2023 draft picks can be acquired. Assuming Rodgers is moved early in the offseason, the Packers will take on a dead cap hit of $40,313,568, all in 2023, losing $8.69M of cap space this year. If the deal is struck after 6/1, (and assuming the option bonus hasn’t been exercised yet), Green Bay will take on a $15,833,568 dead cap hit in 2023, with another $24,480,000 slated for 2024. The Packers would save $15.79M in 2023 with this move, but not until June 2nd. All of these numbers also apply should Aaron Rodgers retire this offseason.

For those wondering, Rodgers would bring a $15.79M cap figure with him to a new team in 2023, then $32.5M, $51.1M, & $45.2M through 2026. If he were to retire after 2023, he’d leave behind a $43.725M dead cap hit in 2024.

Green Bay also enters a decision year for Jordan Love, who enters Year 4 of his rookie contract, set to earn a fully guaranteed $2.2M. The Packers will need to decide on Love’s 2024 5th-year option, projected to cost around $22M, by May 2nd. If they exercise it, the entire salary becomes fully guaranteed immediately. If they decline it, Love will be eligible for unrestricted free agency next March.

The Running Back Room

28-year-old Aaron Jones enters Year 3 of his 4 year, $48M contract, set to earn $16M on a $20.02M cap hit next season. There’s a $7M roster bonus due March 17th that puts some pressure on Green Bay to decide on his immediate future, as a trade or outright release here can free up $10.4M of space. Jones compiled 1,500+ yards from scrimmage in 2022, but his total TDs (7) were down, & his fumbles (5) were a career high. If the plan is to keep him, a full salary conversion + 1 new void year can open up $11.2M of space.

A.J. Dillon enters a contract year, set to earn a non-guaranteed $1.3M on a $1.6M cap hit. While his overall numbers were a bit down in 2022, he found the end zone a career high 7 times. If Green Bay moves on from Jones and gives Dillon the keys this season, it’s likely his contractual floor starts at James Conner’s $7M mark.

The Wide Receiver Room

2022 2nd rounder Christian Watson enters Year 2 of his rookie deal, set to earn a fully guaranteed $1.1M on a $2.1M cap hit. His emergence to finish off 2022 signals a chance for huge value out of this contract over the next few seasons.

2022 4th rounder Romeo Doubs also looked the part, and his non-guaranteed 3 years, $2.9M could give Green Bay a cheap, talented 1-2 punch in the passing game through 2025.

Vets Randall Cobb & Allen Lazard are both slated for free agency this offseason, with the latter carrying a $12.5M valuation into the offseason.

The Tight End Room

The Packers are thin here, as both Robert Tonyan Jr. & Marcedes Lewis are headed back to the open market (leaving behind a combined $1.55M of dead cap). 2020 3rd rounder Josiah Deguara enters a contract year (non-guaranteed $1.1M), while UDFAs Nick Guggemos & Austin Allen were signed to reserve deals this winter.

Tonyan carries a $5M valuation in our system, and seems the most likely option to be brought back and take over the reins again, though this is certainly a team keeping an eye on the likes of Mike Gesicki, Dalton Schultz, Evan Engram, & Hayden Hurst on the open market this March.

The Offensive Line

Left Tackle David Bakhtiari’s inability to stay on the field at least puts his contract in question this March, though early reports seem to favor him sticking around for one more season. Moving on this March leaves behind $23.1M of dead cap to 2023, freeing up $5.65M. He’s set to account for $28.7M on the Packers’ cap right now, so keeping him around will likely require a 3rd straight restructure. Converting his $9.5M March roster bonus (+ 3 void years) into signing bonus can open up $7.6M of space.

Left Guard Elgton Jenkins locked in a 4 year, $68M extension this past Christmas, though his $24M signing bonus is the only full guarantee at signing (a Packers’ standard). The new deal brings a team-friendly $6.9M cap hit for 2023.

2021 2nd rounder Josh Myers ranked 27th among centers according to PFF, bringing a non-guaranteed 2 year, $2.5M deal to the table through 2024. There’s a world where a veteran upgrade is brought in here this March.

Right Guard Jon Runyan enters a contract year in 2023, with an estimated $2.745M salary, thanks to a proven performance escalator. At this point however, it seems unlikely that an early extension will come this season.

Green Bay is likely in the market for a Right Tackle this offseason, as Yosh Nijman is slated for free agency, & Royce Newman & Zach Tom are both placeholders until proven otherwise.

The Defensive Line

Kenny Clark enters Year 4 of a 5 year, $78M contract, set to earn $16.25M on a $23.9M cap figure and will be the first to admit it was an inconsistent 2022. There’s $14.5M of compensation available to be restructured this season, which could come via another salary conversion - or a full boat new contract extension.

2022 1st rounder Devonte Wyatt enters Year 2 of his rookie deal, set to earn a fully guaranteed $1.2M ($2.9M cap hit).

Jarran Reed & Dean Lowry are slated for free agency, leaving behind a combined $4.49M of voided dead cap on their way out.

The Linebackers

30-year-old Preston Smith enters Year 2 of a 5 year, $64.5M contract, set to earn $10.6M on a $13M cap hit, all but securing his spot for 2023. Converting his $7.5M roster bonus into signing bonus can open up $6M of space as needed.

Rashan Gary was having a year (6 sacks, 32 tackles, 1 forced fumble in 9 games) before tearing his ACL. Now his 2023 season is in jeopardy as well, likely removing the chance he’ll bag an extension before his rookie deal expires. He’s slated to play out a fully guaranteed $10.8M option salary in 2023. From a valuation standpoint, he’s squarely in the conversation to find himself at the top of the mountain at some point, currently holding a $26M figure in our system. If the Packers trust he’ll be the same player post-recovery, locking him into this deal now can lower his 2023 cap hit, and keep him in the mix for 2024 and beyond.

2022 5th rounder Kingsley Enagbare looks like he might continue to be a factor, and his non-guaranteed 3 year, $2.9M certainly fits the bill.

De'Vondre Campbell enters Year 2 of a 5 year, $50M contract, set to earn $5.25M on an $8.15M cap hit which shouldn’t need to be touched. His counterpart Quay Walker enters Year 2 of his rookie deal, and is fully guaranteed through 2025, plus a 2026 option.

The Secondary

Jaire Alexander enters Year 2 of a 5 year, $98M contract, set to earn $14M on a $20M cap hit, the 4th highest such figure among 2023 cornerbacks. There’s a massive $11.45M roster bonus due March 19th that will almost certainly be converted to a signing bonus (+1 void year), clearing $9.16M of cap.

Behind him, Rasul Douglas enters Year 2 of a 3 year, $21M deal, set to earn $6M on a $7.7M cap hit. He had a strong 2022 and should hold good value again next season. 2021 1st-rounder Eric Stokes missed half the year with ankle/knee injuries, but is fully guaranteed through 2023.

29-year-old safety Adrian Amos is headed for free agency, while 2019 1st rounder Darnell Savage is entering his 5th year option season, carrying a fully guaranteed $7.9M salary for 2023. Safety is a position of need for the Packers this offseason.

The Special Teamers

K Mason Crosby is a pending free agent, coming off of a season where he made 86% of his field goals, 95% of his PATs. If he’s asked back for a 17th season, it’ll likely be done at or around the minimum salary.

P Pat O'Donnell holds a non-guaranteed 1 year, $1.9M contract, set to account for $2.375M against the cap in 2023. The 32 year old is solid, but with $1.9M to be saved, it’s possible the Packers look to save a buck and go younger here.

LS Jack Coco remains a minimum salary option through 2023.

Michael GinnittiJanuary 24, 2023

The Buccaneers head into a tumultuous offseason, current estimated to hold the worst cap situation (-$55M) in all of football, due in large part to the voiding contract and uncertainty of QB Tom Brady. We’ll dive into each position group, breaking down contract statuses, potential restructures, extensions, cuts, & more.

RELATED

The Quarterback Room

It’s Complicated

Instead of predicting what might happen with Tom Brady, we’ll just quickly lay out a few possibilities - because they offer varying results for Tampa Bay financially speaking.

Worst Case Scenario: Brady signs with a new team this March. Not only does this leave the Bucs without a viable QB1 (barring a Carr trade), but it also means his previous contract has officially voided, leaving the full $35.1M of dead cap on their 2023 books. For now, this feels like the most likely scenario.

Best Case Scenario: Brady agrees to a 1 year, $1.165M extension that stops his current contract from automatically voiding. The two sides agree to keep his $11.9M cap hit on the books through June 1st, after which he can officially process his retirement. The move splits his dead cap up into $10.776M for 2023, $24.3M for 2024. 

Potentially Bester Case Scenario: Brady re-signs with the Bucs, assumedly to another 1 year $30M contract, that also includes a $30M “option” for 2024. It’s a minimum base salary with an offsetting roster bonus (treated as a signing bonus, but protects Brady from having to pay it back in any instance). This drops his 2023 cap hit from $35.1M to $17.7M.


After 2023, the Bucs can go a number of ways with the contract, but assuming he retires, they can drop the $30M salary down to a minimum $1.21M, carry his $17.7M cap hit through June 1st, then process his retirement as a Post 6/1 move. This splits up his dead cap into $16.5M for 2024, $30.8M for 2025.


Elsewhere, backup QB Blaine Gabbert is also a pending free agent, while 2021 2nd rounder Kyle Trask enters Year 3 of his rookie contract.

The Running Back Room

Another White/Fournette Split Season

$2M of Leonard Fournette’s 2023 salary is already fully guaranteed. Another $2M locks in March 19th, which should mean his roster spot is secured. A full base salary conversion + void years can free up $4.3M of space for the Bucs. If the Bucs can find a buyer on an essential 1 year, $7M deal for Fournette, they can open up $5.4M of space by trading him, but that seems unlikely.

2022 3rd rounder Rachaad White enters Year 2 of his rookie deal, set to earn a non-guaranteed $938k next season. He caught 50 passes in 2022 and is a fringe breakout candidate heading into the offseason (especially if Fournette is moved). 2020 3rd rounder Ke'Shawn Vaughn enters a contract year, set to earn a non-guaranteed $1.2M. He saw 21 snaps last season and should be considered a cut candidate for now ($1.2M to be saved).

The Wide Receiver Room

Extending or Ending the Evans Tenure

29-year-old Mike Evans enters a contract year in Tampa, set to earn $14.5M on a $23.6M cap hit. He posted another strong campaign in 2022 but reeled in only 6 TDs, a 6 year low. There’s a world where the Bucs field trade calls for their long-time WR1, though doing so early in the offseason would only free up $2.3M of cap space. A strong haul of draft picks still might make it worth their time. Contractually, Evans projects to a 4 year, $92M extension in our system.

Chris Godwin enters Year 2 of his 3 year, $60M deal, set to earn $20M on a $23.75M cap hit next season. Tampa can free up $15.1M of space with a base salary conversion + void years.

$5M of Russell Gage’s $10M salary for 2023 is already fully guaranteed. The 27 year old continues to recover from a scary neck/head injury in the Wild Card round game against Dallas, but should be back in the fold this offseason. Tampa can free up $7.1M of cap with a base salary conversion + void years.

Julio Jones, Breshad Perriman, & Scotty Miller are all slated for unrestricted free agency this March, with the former leaving behind a $3.4M dead cap hit per voidable years.

The Tight End Room

Young & Cheap

2022 4th rounder Cade Otton jumped to the top of the depth chart in his inaugural campaign, finishing 2022 with 42 catches, 2 of them scores. With 3 years, $2.95M non-guaranteed left on his rookie deal, the Bucs are hoping for strong value out of this relationship for a few more seasons.

Cameron Brate has been a bubble player each of the past 3 offseasons, opting to restructure or take a pay cut in order to remain in the fold. Moving on from him this March only frees up $2M of space, but the Bucs need every dollar they can ascertain right now.

2022 6th rounder Ko Kieft will compete for the TE2 spot, while vet Kyle Rudolph is off to free agency again.

The Offensive Line

Get Healthy Get Right

Left Tackle Donovan Smith missed 4 games in 2022 - an unfortunate theme for the Bucs last season. He enters a contract year in 2023, set to earn $15.25M on a $17.9M cap hit. If Tampa trusts him to settle back into 2021 form, a restructured contract extension makes sense for both sides. The 29 year old carries a $19.5M valuation in our system.

 

Left Guard remains a bit of a mystery for the Bucs, as 2022 2nd rounder Luke Goedeke was drafted to slot immediately into the role, but failed to maintain it. UDFA Nick Leverett took the reins and held the spot until the injury bug hit him too. It’s a major area of need going forward.

Ryan Jensen missed the entire regular season with a nasty knee injury, starting the domino effect of Bucs’ injury woes. $9M of his 2023 compensation is already fully guaranteed, and another $3.5M locks in March 19th.

Right Guard Shaq Mason enters a contract year in 2023, set to earn $8.5M on a $9.5M cap hit. Mason struggled to help the run game last season, but held his own as a pass blocker. There’s $5.2M of cap to be freed up by moving on, but the Bucs may opt to restructure and keep him in the mix through 2023.

Right Tackle Tristan Wirfs is the obvious bright star of this group, posting outstanding numbers across the board as he becomes extension eligible for the first time. The 24-year-old projects to a 5 year, $116M deal in our system, but may have to wait a year for his payday. 

The Defensive Line

Vita & Crickets

In Vita Vea enters Year 3 of a 6 year $81M deal, set to earn $13M on a $15.6M cap hit in 2023. His $12.5M salary is already fully guaranteed for the upcoming season, and $9.1M of his cap hit can be freed up with a salary conversion.

On the outside, 2022 2nd rounder Logan Hall enters Year 2 of his rookie deal, while Akiem Hicks, William Gholston, Pat O'Connor, & Rakeem Nunez-Roches are all pending free agents.

The Linebackers

The Future of Devin White

30-year-old Shaquil Barrett enters Year 3 of a 4 year, $68M deal, and while none of his $15M to be earned is guaranteed, $23.1M of dead cap set against it likely keeps him in the fold. He’s recovering from a torn achilles and should be a full go come the 2023 season.

2021 1st rounder Joe Tryon enters Year 3 of his rookie deal, coming off of another 4 sack season for the Bucs. He’s under contract through 2025 including his 5th year option.

On the inside, Devin White enters his fully guaranteed 5th year option season, set to earn $11.7M in 2023. He remained productive in 2022, posting 5.5 sacks, 124 tackles, 2 forced fumbles, but his coverage numbers and side to side analytics continue to grade out poorly. There may be a team that views White as a near top of the market $17M+ player, but I’m not sure the Bucs are that team. With that said, Tampa Bay can restructure his $11.7M salary with 4 void years, freeing up $9.3M this season. Vet Lavonte David is slated for free agency this March.

The Secondary

Priority

LCB Jamel Dean is slated for free agency, valuing toward a 3 year, $350M contract in our system, while his counterpart Carlton Davis enters Year 2 of his 3 year, $44.5M deal, set to earn $15M for the upcoming season, $14.5M of which will be fully guaranteed by March 19th. $10.7M of cap space can be opened up by converting that $14.5M into bonus.

2022 5th rounder Zyon McCollum might be asked to step into Dean’s departing role, as  Sean Bunting is also a pending free agent.

Safety Antoine Winfield Jr. enters a contract year in 2023, projected to earn near $3M with a performance bonus built into his salary. Marcus Williams’ 5 year, $70M deal in Baltimore is a strong comp for Winfield’s next payday. Mike Edwards, Logan Ryan, & Keanu Neal making the secondary a serious priority this March & April.

The Special Teamers

Bubble Kicker

K Ryan Succop enters a contract year in 2023, set to carry a  $4.5M cap hit. Having missed almost 20% of his field goals last season, the Bucs could opt for the $3.75M of cap space to be freed up here.

2022 4th round punter Jake Camarda enters Year 2 of his rookie deal, while veteran LS Zach Triner enters a contract year on a minimum $1M salary.

Michael GinnittiJanuary 23, 2023

Following their loss to the Cincinnati Bengals, the Buffalo Bills now enter offseason mode, projecting to carry around -$16M of Top 51 cap space, including 9 players with hits north of $10M next season. We’ll dive into each position group, breaking down contract statuses, potential restructures, extensions, cuts, & more.

Related

The Quarterback Room

Restructure & Replenish

Josh Allen skids into the postseason having battled injury & poor play down the stretch, but (obviously) remains the key piece to Buffalo’s puzzle going forward. Contractually speaking his deal contains early vesting guarantees through the 2025 season, with $97.5M to be earned over the next three seasons. His $39.7M cap hit for 2023 ranks 4th in the NFL, making him a restructure candidate this March. A full base salary conversion can open up over $21M of space for the Bills in 2023.

Behind him Case Keenum is a pending free agent, having taken just 24 regular season snaps for the Bills in his 1 season. 

The Running Back Room

Consider the Options

RB1 Devin Singletary heads to the open market this March with a $5.5M valuation attached to him. He joins a large list of potentially available halfbacks this free agency.

2022 2nd rounder James Cook holds 3 years, $3.7M remaining on his rookie deal, and is likely thrust into a much larger role next season. Deadline acquisition Nyheim Hines has 2 more years left on his deal, but not of the $10.2M available carries an early guarantee, and the Bills can free up $4.8M of 2023 space by moving on. Hines probably sticks next season with a small restructure for cap purposes.

There’s a dream world where a Miles Sanders type player steps into this offense and balances it out immediately, but there’s another, simpler, more likely world where Buffalo brings in an Alexander Mattison type at a near minimum salary to better serve their financial bottom line. 

The Wide Receiver Room

All In for a 2

29-year old Stefon Diggs enters Year 2 of his 6 year, $124M total contract, set to earn $24.4M on a $20M cap hit next season. Buffalo can restructure his $7.91M salary down to $1.65M, but keeping dead cap at bay on this deal will be a priority for GM Brandon Beane.

Gabriel Davis holds a non-guaranteed 1 year, $1M contract which should represent decent value - even if the Bills drop him down the depth chart a bit with a signature WR add this offseason.

Youngster Khalil Shakir enters Year 2 of his rookie contract, with 3 years, $2.9M non-guaranteed remaining. His role continued to grow as the regular season aged on, and he could be developed into an important piece of the puzzle this summer. Isaiah McKenzie more than doubled his production from 2021->2022, finishing with 4 TDs and over 10.1 yards per reception. His role seemed to be reduced heavily down the stretch though, and Buffalo can free up $2.2M of space by moving on in some capacity.

Don’t be surprised if Buffalo makes a big add here, potentially via trade. This is a win now team without time to “see how it develops”.

The Tight End Room

Lightly In for a 2

Dawson Knox enters Year 2 of a 5 year, $54.5M contract, set to earn $12.5M on a $6.4M cap hit this season. $10M of his 2024 compensation becomes fully guaranteed this March. He’ll be year-to-year thereafter.

Behind him, Quintin Morris is on a minimum salary, while Tommy Sweeney is slated for free agency. If Knox is going to remain a more down field threat in the passing game, a block first, short yardage TE2 is on the wishlist.

The Offensive Line

Middle Out Compression

Left Tackle Dion Dawkins enters Year 4 of his 5 year contract, set to earn $9.85M on a $14.8M cap hit. Buffalo can free up $6.15M of 2023 cap with a base salary conversion, but that would make back to back offseasons doing so.

Left Guard Rodger Saffold is slated for free agency (leaving behind $2M of dead cap), while Center Mitch Morse is a roster bubble candidate, as his release can open up $6.3M of space. The 30 year old is one of the locker room leaders on this team, but with Ryan Bates able to slide over to the center position from his current right guard slot, Buffalo may opt to get out of this contract.

Right Guard Ryan Bates holds a fully guaranteed $4M in 2023, on a tenable $4.875M cap hit, while Right Tackle Spencer Brown has 2 years, $2.4M (non-guaranteed) left on his rookie deal.

There’s an addition or two to be made here, with a 1st round selection this April very possible. 

The Defensive Line

Oliver's Twist

Ed Oliver enters his fully guaranteed $10.75M 5th year, putting the Bills in a tough spot as he heads toward a contract year. He seemed a slam dunk to be (mildly) extended heading into the 2022 season, but there’s argument to be made that the production and consistency just doesn’t warrant it.

Tim Settle offered limited production in a limited role, and his near $5M cap hit likely falls off freeing up $2.2M. DaQuan Jones is half fully guaranteed and sticks around.

The Bills have other needs (WR2, ILB, S, G/C) but finding a run stuffer in the middle that doesn’t break the bank has to be in the conversation.

The Edge Defender

Run it Back

Von Miller returns for Year 2 of his massive contract, fully guaranteed through 2023, and mostly guaranteed through 2024 right now. His presence was missed down the stretch in 2022, but it’s a reminder that despite his high pay, Buffalo can’t rely on him as a truly full-time player.

Greg Rousseau enters Year 3 of his 5-year rookie contract, set to earn a fully guaranteed $1.7M. He posted 7 sacks in 12 2022 games, and should be asked to do even more next season. The same might not be said for 2020 2nd rounder A.J. Epenesa, who enters a contract year in 2023, set to earn a non-guaranteed $1.4M. He’ll enter March as a trade/cut candidate in our book.

Elsewhere, Carlos Basham Jr. holds a non-guaranteed 2 year, $2.5M, while Jordan Phillips & Shaq Lawson are slated for free agency.

The Linebackers

Will Edmunds Play Ball

Matt Milano proved he’s worth every dollar again in 2022, making up for a dip in sacks (1.5) with 3 interceptions, and 72 solo tackles. He’s year to year now in his remaining 2 years $20M.

2022 3rd rounder Terrel Bernard saw limited work in his first campaign, but could be asked to step into much bigger shoes if pending free agent Tremaine Edmunds isn’t retained. Edmunds finished his best season to date, but his 5 years in Buffalo were inconsistent to say the least, putting him on an $11M valuation heading toward the open market. Many believe he’s a $17M per year player when it’s all said and done. Edmunds backup A.J. Klein is also headed back to free agency.

The Secondary

Safety First

Tre'Davious White only saw action in 6 regular season games as he worked his way back from a torn ACL. He’s more than half guaranteed ($6.35M) through 2023 right now, while the remaining $3.25M locks in March 19th. White’s contract gets right side up after the upcoming season, meaning the Bills will have an out if they feel like he can’t return to All-Pro form.

Kaiir Elam enters Year 2 of his 5 year rookie contract, set to earn a fully guaranteed $1.3M this season. He held his own in 12 games of action, grabbing 2 INTs in his rookie campaign, and is likely asked to take over the full-time RCB starting role next September.

Behind them, Dane Jackson is headed to restricted free agency, with a projected $2.6M tender in front of him. Taron Johnson enters Year 3 of a 4 year deal, set to account for $9.215M of 2023 cap. There’s $4.2M to be saved by moving off of that contract, but Johnson seems too valuable to give up on this March. A small restructure to free up some space makes sense here.

The safety position might hold the most question marks on this roster going forward, as Jordan Poyer is now set to hit the open market (values at $11M per year), and Micah Hyde gets set to return from a season long neck injury, on an expiring 1 year, $7.2M contract ($10.5M cap hit). It’s tough to imagine the 32 year old getting another contract in Buffalo, but the Bills can open up $4.5M of cap space by processing a full cash conversion.

Behind them, Damar Hamlin’s return is obviously in serious question (2 years, $2M non-guaranteed remaining on his contract), while Siran Neal holds a non-guaranteed 2 year, $5.5M deal.

The Special Teamers

Long Term Bass

K Tyler Bass made 87.5% of his field goals for the 2nd straight season, cashing 43/45 PATs as well. The 6th round pick enters a contract year in 2023, and should be considered an extension candidate. He projects to a 4 year, $19.2M contract in our system.

P Sam Martin had his lowest number of attempts in 6 years, and is headed to free agency this March, while LS Reid Ferguson is under contract at a non-guaranteed 2 years, $2.2M.

Michael GinnittiJanuary 23, 2023

With their loss to the San Francisco 49ers, the Dallas Cowboys now enter offseason mode, projecting to carry around $6M of Top 51 cap space, including 5 players with hits north of $13M next season. We’ll dive into each position group, breaking down contract statuses, potential restructures, extensions, cuts, & more.


Related:

The Quarterback Room

Status: Treading Lightly?

Dak Prescott enters Year 3 of his 4 year, $160M contract, including $31M fully guaranteed next season. His cap figure skyrockets to $49.1M for 2023, putting the Cowboys in another difficult financial position. Dallas has already restructured the Prescott deal twice, piling up future cap hits and dead cap counts. Converting $26M of his next year salary into signing bonus can free up over $20M of cap space, but it means $60M of dead cap now tied to a non-guaranteed 2024 season - and $37.4M of dead cap tied to a voidable 2025.

We’ll know a lot about the Cowboys’ confidence in Dak by mid-April. If Dallas goes light (or not at all) on restructuring the 2023 cap hit, it’s a sign that they have reservations about his long term status.

Behind him, Cooper Rush is a pending UFA & Will Grier holds a non-guaranteed $1.08M.

The Running Back Room

Status: Questions

Despite remaining a fan favorite (and potentially a front office favorite), Ezekiel Elliott’s massive contract finally gets right side up in 2023, meaning the Cowboys can actually save cap space by moving on. Elliott holds 4 non-guaranteed years at $52.9M total, and a $16.72M cap hit for 2023 (2nd most in all of football). Dallas can free up $4.68M of space by moving on before June 1st, $10.9M if the move is processed after June 1st.

Behind (next) to him, Tony Pollard hits the open market with an awful broken fibula injury attached to him. His rise to RB1 production had him valuing toward a 3 year, $27M contract in our system, but that’s now TBD based on his health. It’s possible that Dallas slaps an estimated $10M franchise tag on him next month to lock in his roster spot - especially if moving on from Elliott is also in their plans.

Youngster Malik Davis has a minimum salary deal for 2023.

The Pass Catcher Room

Status: Amari Cooper for a 5th

Just a reminder that Amari Cooper was trading to the Browns for a 5th round pick, and a 6th round pick swap.

CeeDee Lamb is now extension eligible to the first time, and padded his market value nicely in 2022. The 23 year old now projects to a baseline 4 year, $90M extension in our system, though A.J. Brown’s $25M per year is very much in play here.

Michael Gallup enters Year 2 of a 5 year, $57M contract, including $11M fully guaranteed for 2023 ($13.8M cap hit). It’s most likely a make it or break it season for the 26 year old, as Dallas can move off of this contract with ease after 2023.

2022 4th rounder Jake Ferguson could move into the TE1 role next year, though bringing back Dalton Schultz (pending UFA) or adding an offseason vet should very much be in the cards.

Elsewhere, Noah Brown, T.Y. Hilton are all slated for free agency this March.

The Offensive Line

Status: Tyron on the Bubble?

2022 1st rounder Tyler Smith has all but secured the left tackle position going forward, and his 3 year, $5.7M + 5th year option in 2026 contract certainly equals great value in that regard.

Former blindside tackle Tyron Smith missed most of 2022, and has only been active for 17 games over the past 3 seasons. He took over right tackle duties upon returning, but enters a contract season in 2023, set to earn a non-guaranteed $13.6M, with a $17.6M cap hit. Dallas can free up $9.5M of cap by moving on this March. He’s one of the better roster bubble candidates across the league this offseason.

Zack Martin was named to the AP All-Pro 1st team - his sixth such honor. The 32 year old holds a non-guaranteed 2 years, $27.5M, including a $19.8M cap hit for 2023. Dallas can open up $9.8M of space by restructure his base salary.

Left Guard/Center Connor McGovern is a pending free agent, while Tyler Biadasz, who started 16 games this season, enters the final year of his rookie contract.

The Defensive Line

Status: Young & Cheap

The Cowboys interior D-Line is full of young options as Osa Odighizuwa (Year 3), Sam Williams (Year 2), & Neville Gallimore (Year 4) all remain on rookie deals to start 2023. Vet ??Johnathan Hankins is slated for free agency.

The Edge Rushers

Status: All Good

One of the better groups in all of football remain under contract through 2023. Micah Parsons enters Year 3 of his rookie deal, and becomes extension eligible after the upcoming season (get your orders in affair Jerry).

30 year old DeMarcus Lawrence (6 sacks, 65 tackles, 3 forced fumbles) holds a whopping $26M cap hit for 2023, and his $15M salary is already fully guaranteed. A full salary conversion can open up more than $11M of space for Dallas.

2018 4th rounder Dorance Armstrong enters a contract year in 2023, coming off of his most productive season to date (6.5 sacks, 33 tackles, 1 forced fumble). There’s $4M to be saved here by moving on, but his $7M cap figure should be fair value based on his recent output. He becomes even more valuable with Dante Fowler Jr. slated for free agency behind him.

The Linebackers

Status: Priority Add

Vets Anthony Barr & Leighton Vander Esch are both pending UFAs, leaving 2022 5th rounder Damone Clark & 2021 4th rounder Jabril Cox as the only off-ball linebacker options under contract. Dallas could stand to improve here, though they won’t necessarily be able to break the bank in order to do so.

The Secondary

Status: Safety Valves

This time last season, Trevon Diggs was on a fast track to getting his early contract extension. While his overall production predictably came back down to earth (59 tackles, 3 INTs) it’s his inconsistency in coverage that really has many questioning the path forward (nearly 70% of balls thrown at him were caught). Dallas is probably ok seeing one more season to get a better picture.

Anthony Brown was on his way to securing a 3rd contract with Dallas before an achilles tear. He’s slated for free agency this March. His replacement DaRon Bland wound up being one of the better stories on the roster, as the 2022 5th rounder picked off 5 passes this past season. He’ll enter Year 2 of his value rookie deal next season.

Both safeties, Jayron Kearse & Malik Hooker will enter contract years in 2023, and both have a case for extensions. Dallas is thin at this position, so tacking on a few years to these vets while also replenishing this pool via the draft makes a lot of sense this Spring.

The Special Teamers

Status: Kicker Out, Punter Cut?

Kicker Brett Maher is an expiring contract and it seems impossible he returns to Dallas anytime soon. Punter Bryan Anger holds a 2 year, $5.2M contract, with $1.2M of that becoming fully guaranteed March 19th. The Cowboys can open up $1.4M of cap space if they decide to move on prior to that.

Michael GinnittiJanuary 22, 2023

Before we lay out the options here, a few initial thoughts and points. We project the Ravens to enter the offseason with about $32.8M of Top 51 cap space - which is also what we project the non-exclusive franchise tag for quarterbacks to value to. No big deal, Baltimore will just restructure a few contracts and be free and clear for March 15th, right?

Kind of. Baltimore utilizes a double-bonus structure in almost all of their larger contracts, which does the job of spreading the cap out at the time of signing, offering less chance to restructure in big waves down the road. That doesn't mean they can't restructure base salaries and free up space, in fact doing so with Ronnie Stanley & Maron Humphrey can open up more than $16M of room - it just means there's less meat on the bone right now than other teams might have to work with.

This is in no way a claim that the Ravens won't be able to handle a tag for Jackson, rather simply a point that a $32M+ cap hit will be a big deal to this front office ($8M more than any cap hit Baltimore has ever rostered), and it will affect the way they do business in the coming months.

The Exclusive Franchise Tag

The most likely option (still) is that the Baltimore Ravens slap an exclusive franchise tag on Lamar Jackson this February. Why? Because it gives them absolute control over the situation this spring. Lamar won't be able to negotiate with another team. And if the relationship breaks down, the Ravens can trade Jackson for whatever asking price they wish.

The exclusive QB tag currently projects to cost $45.24M. Except not yet. This exact figure won't be determined until after the restricted tender season ends, somewhere around early April. What does this mean for the Ravens? Baltimore will carry the non-exclusive franchise tag value (projected to be around $32M) until that exclusive price is set.

The exclusive price is based on the Top 5 QB cap hits, workout bonuses excluded. Right now, those 5 figures are extremely fluid, as Deshaun Watson's $54.9M, Dak Prescott's $49.1M, & Patrick Mahomes' $46.8M cap figures are surely to be restructured, while Josh Allen's $39.7M figure is most likely to be converted down, & Ryan Tannehill's $36.6M number might be removed altogether based on his roster status. In other words, let's treat this is as a $32M hit in March until further notice.

The Non-Exclusive Franchise Tag

The Ravens utilize the non-exclusive tag, currently projected to value at $32M, this February. Why? Because they aren't worried about him signing an offer sheet elsewhere. They'll match it. The idea of him leaving on an offer sheet and Baltimore getting back only 2 first round picks for their QB1 is moot, because the Ravens simply won't let it get to that point. What's the thinking then behind this move? Let's see if another franchise offers what Lamar has been holding out for - a fully guaranteed, Deshaun Watson contract. Be careful what you wish for Baltimore.

The Tag & Trade

Lamar Jackson is offered a franchise tag, but the two sides are already too far apart on negotiation to even get back to the drawing board with it. The Ravens start fielding trade calls and are certain to be seeking something along the lines of the package that Deshaun Watson was valued at last March: Three first round picks, 1 third round pick, 2 4th round picks.

Jackson will need to sign the franchise tag in order to process the trade, so that won't happen until A) He's happy with the team that's agreed to the trade. B) The acquiring team has offered the multi-year extension he's been seeking.

At this juncture, we'd place this option as the favorite in the clubhouse for a variety of reasons.

A Multi-Year Extension

Jackson and the Ravens agree to a multi-year contract extension in the coming weeks, avoiding the need to use the franchise tag. Here's what matters most to Lamar for this negotiation:

Top Guarantees
1. Deshaun Watson, $230M
2. Kyler Murray, $189.5M
3. Russell Wilson $161M
4. Aaron Rodgers, $150.8M
5. Josh Allen, $150M
VIEW ALL

The Ravens likely classify the Watson deal as a standalone bag of trash, which is fine - except agents and players will refuse to. Will the two sides compromise in the middle of the Top 2? Would a 4 year, $200M, fully guaranteed offer get the job done? It's certainly not something we'd expect from Baltimore, but it's at least an option. A contract like this would slot Jackson well ahead of Kyler's guarantee, while also lifiting him to the $50M per year mark (for bragging purposes). The 4 year term might favor Baltimore, as there have to be obvious concerns about his injury history now and going forward. The issue? It's being widely reported that the Ravens' largest guarantee offer was $133M. Miles apart.

If Lamar is tagged (exclusive or non), the two sides will have until July 15, 2023 to negotiate an extension. After that date, Lamar must play on a 1 year deal for the 2023 season.

The Tag Hostage Situation

Lamar Jackson is tagged, the Ravens refuse to trade him, but also refuse to give in on his fully guaranteed contract request. Jackson doesn't sign the tag and the Ravens are now stuck with a $32M+ placeholder all spring and summer (which could rise into the $40Ms if it's the exclusive tag). Their ability to build the roster, and set themselves up for 2023 (especially at the QB position) are now dwarfed.

The Let Him Walk Option

The Ravens decide acquiring draft picks is too much work, vote against restructuring contracts in order to fit a franchise tag for Jackson on their books, and simply let him walk into free agency on March 15th. There are zero worlds where this happens.

Michael GinnittiJanuary 20, 2023

As the 2023 NFL offseason closes in, Spotrac's Positional Breakdown series continues with a deep dive into the financial statuses of each team's running back position, including rostered players, remaining term & guarantees, and stability at the starting & backup roles.

SPOTRAC'S OFFSEASON SERIES
AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR

Arizona Cardinals

Status: Hollywood’s Team

2023 Top 51 Cap Space: $15M

DeAndre Hopkins saw all of his future salary guarantees void per his 2022 PED suspension, but the 30 year old is still averaging 7 grabs and 80 yards per game in Arizona. His $30.75M cap hit currently ranks 2nd among all Wide Receivers, so another salary restructure could be in order for 2023. Was his trade request for real? The Cardinals $8.1M of cap space with an early trade of Hopkins. Also, why is a great wide receiver trying to leave Kyler Murray?

Marquise Brown was acquired at least year’s draft, on the cusp of Hopkins’ PED news. He carries a fully guaranteed $13.4M 5th year option next season, but a multi-year extension is likely - though probably not great timing for the 25 year old. Injury and a dip in production (especially touchdowns) has lowered his valuation into the $17M per year range in our system.

Robbie Anderson was acquired from Carolina at the deadline to fill a few injury voids. It’s a lock that they’ll take the $12M to be freed by moving on next March. Rondale Moore carries a non-guaranteed 2 year $2.9M remaining, while Greg Dortch is slated for restricted free agency.

Atlanta Falcons

Status: Bueller?

2023 Top 51 Cap Space: $56M

Drake London will enter year 2, presumably with a new quarterback, and extremely high expectations. His rookie deal contains 3 year, $8M (fully guaranteed) + a 2026 option.

Behind him Olamide Zaccheaus, Damiere Byrd, & Khadarel Hodge are all slated for unrestricted free agency this March, leaving the cupboards pretty bare.

Baltimore Ravens

Status: Seeking Durability (and maybe a true #1)

2023 Top 51 Cap Space: $32M

Rashod Bateman battled injury again in 2022, making a healthy 2023 a must for the 23 year old. His rookie deal contains 2 years, $4.1M (fully guaranteed) + a 2025 option.

Devin Duvernay will be entering a contract year in 2023, set to earn a non-guaranteed $1.1M. Despite a significant foot injury and mild production in the receiving game for 3 seasons, his value as a return man should put him in contention for an offseason extension.

Demarcus Robinson & Sammy Watkins are both slated to hit free agency.

Buffalo Bills

Status: Status Quo.

2023 Top 51 Cap Space: -$5M

Stefon Diggs locked in $70M on a $96M extension this past April, including $24M next season. His $20M cap hit should be tenable for the Bills, who can free up cap space elsewhere as needed.

Gabriel Davis will be entering a contract year in 2023, set to earn a non-guaranteed $1M. He’s a light extension candidate, though the Bills are probably happy to get another cost-controlled year to evaluate where the next 3-4 years might be headed at the #2/#3 WR positions. It’s a position of need both in free agency & via the draft this offseason. Davis’ future could follow the Christian Kirk path ($18M+, increased role), or the Michael Gallup path ($11.5M, reduced role).

Behind them,Isaiah McKenzie is due a non-guaranteed $2.2M ($2.5M cap hit), 5th rounder Khalil Shakir holds a non-guaranteed 3 year, $2.9M, while Jamison Crowder & Jake Kumerow are unrestricted free agents, 

Carolina Panthers

Status: More like Moore.

2023 Top 51 Cap Space: -$4M

D.J. Moore signed a 3 year extension that included $41.6M fully guaranteed through part of 2024. A full base salary restructure can free up $15.1M of his current $25M cap hit next year.

Behind him, Terrace Marshall holds a non-guaranteed 2 year, $2.6M, Shi Smith holds a non-guaranteed 2 year $1.95M, & Laviska Shenault holds a non-guaranteed 1 year, $1.65M.

Safe to say there’s a new pass catcher or two to be added alongside a new QB1.

Chicago Bears

Status: Find Fields a Few (great) Friends

2023 Top 51 Cap Space: $115M

Acquired at this year’s deadline, Chase Claypool holds a non-guaranteed 1 year, $1.5M through 2023, his contract year. It’s tough to imagine an early extension making sense here.

Darnell Mooney wasn’t holding up to his 2021 breakout even before his season-ending ankle injury. He’ll be entering a contract year in 2023, on a non-guaranteed 1M salary. The Bears probably want to see him re-find that top form before considering a new deal.

2022 3rd rounder Velus Jones will be back in the mix, holding a non-guaranteed 3 year, $3.6M deal, while 4 vets (Byron Pringle, N'Keal Harry, Dante Pettis, & Equanimeous St. Brown) are slated for unrestricted free agency.

Cincinnati Bengals

Status: Searching Couches for Coins 

2023 Top 51 Cap Space: $49M

Ja'Marr Chase doesn’t become extension-eligible until after the 2023 season, as his rookie contract holds 2 years, $8.2M fully guaranteed + 2025 option. The 22-year-old is already a $25M+ player in our system.

Tee Higgins does become extension eligible this March, having posted career-highs across the board (even with 1 less game on the books in 2022). How the Bengals decide to handle deals for Burrow, Higgins, & Chase (to name a few) over the next 18 months will be a fascinating watch. He’s a 4 year, $80M player in our system currently.

Tyler Boyd is a roster bubble candidate this March, staring down a $10.3M cap hit that can free up $8.9M if he’s moved on from. UDFA Trenton Irwin has already begun to sneak a few targets away from him this season, so the writing may already be on the wall.

Cleveland Browns

Status: A Redo for Coop?

2023 Top 51 Cap Space: -$9M

Amari Cooper holds a non-guaranteed 2 year, $40M contract through 2024, and his cap hit jumps to $23.7M next season (6th among WRs). The Browns have roster holes to address, and minimal cap space to work with (even after they restructure Deshaun Watson’s historic cap hit). Cooper probably did enough this year to show he’s still a true WR1 in this league, and at 29 year old, should warrant a restructured contract this offseason. Stefon Diggs’ 4 year, $96M deal in Buffalo is a strong target here.

Behind him, Donovan Peoples-Jones emerged as the clear #2 option, but is entering a contract year himself in 2023 (non-guaranteed $1M). Cleveland likely lets him play it out, banking on a lack of competition for his services come March 2024.

A bevy of non-guaranteed rookie contracts remain intact for 2023 behind them.

Dallas Cowboys

Status: CeeDee Pay Day

2023 Top 51 Cap Space: $5.8M

CeeDee Lamb becomes extension eligible this offseason, currently projecting toward a 4 year, $90M deal in our system. With Amari Cooper now off of the books, and Michael Gallup in on a team-friendly price, there should be plenty to go around for a Lamb deal.

Michael Gallup’s $57M extension this past March contains only $27M fully guaranteed, including $11M in 2023. Noah Brown is slated for unrestricted free agency.

Denver Broncos

Status: Potential Shake Up

2023 Top 51 Cap Space: $13M

Courtland Sutton enters Year 3 of a 5 year, $63M contract, and is fully guaranteed at $14M through 2023. The final 2 years, $27.5M of his deal are non-guaranteed.

Jerry Jeudy enters a potential contract year (Broncos must decide on his 5th year option this May), coming off of his most productive season (67 catches, 972 yards, 6 TDs). Has he done enough to warrant sticking around for a few more seasons? Will Denver listen to trade offers this spring? Tim Patrick should be back in the fold with $5.5M of his $8.5M compensation already fully guaranteed. He’ll have a 1 year, $10M “option” after 2023.

K.J. Hamler might be the odd man out this spring, as the speedster can’t stay healthy, and his expiring contract can free up $1.5M if moved on from.

Detroit Lions

Status: Young & Talented

2023 Top 51 Cap Space: $18M

Amon-Ra St. Brown has 196 catches, 2,073 yards, and 11 TDs in his first two NFL seasons. The 4th rounder is a diamond in the rough, and holds 2 years, $2M (non-guaranteed) remaining on his rookie deal. He becomes extension eligible after the 2023 season.

Behind him, 1st rounder Jameson Williams started to find his sea legs by the end of 2022, and his 3 years, $6.7M (fully guaranteed) plus a 2026 option will offer great value for the Lions to keep building around.

Josh Reynolds remained productive as a complimentary option and his $3.25M salary ($3.9M cap hit) shouldn’t be a problem. DJ Chark is a pending free agent, projecting to a 3 year, $28M deal in our system.

Green Bay Packers

Status: Young, Talented, but Thin

2023 Top 51 Cap Space: -$14M

Christian Watson took big steps toward being the next true WR1 in Green Bay, and his 3 year, $4.6M contract (mostly guaranteed) should remain outstanding value. 2022 4th rounder Romeo Doubs looks the part as well, especially at 3 years, $2.9M (non-guaranteed).

Allen Lazard & Randall Cobb are both pending UFAs, so the Packers will (once again) need to address the WR room this March if they want Aaron Rodgers back in the fold.

Houston Texans

Status: Let Go Brandin

2023 Top 51 Cap Space: $41M

Brandin Cooks said his goodbye after Week 18, which complicates the 2 years, $35M ($18M guaranteed) remaining on his contract. They may have to eat a bit of that 2023 compensation to get him out the door, but it seems inevitable.

Chris Moore & Phillip Dorsett are pending free agents, while a host of youngsters (Amari Rodgers, Nico Collins to name a few) are on near minimums for the next few seasons. 2022 2nd rounder John Metchie (leukemia) has a chance to be ready for the 2023 season. His rookie deal holds 3 years, $4.2M remaining.

Houston has a lot of building to do before they’re ready to pay for weapons.

Indianapolis Colts

Status: QB First Please

2023 Top 51 Cap Space: $20M

Michael Pittman Jr. enters a contract year in 2023, set to earn a non-guaranteed $1.7M. He has 184 catches and almost 2,000 yards receiving over the past two seasons, though many of his other metrics dipped in 2022. Christian Kirk’s 4 year, $72M deal is a likely baseline here.

Elsewhere Parris Campbell & Ashton Dulin are pending free agents, while 2022 2nd rounder Alec Pierce carries a 3 year, $3.9M deal, $1M guaranteed.

Jacksonville Jaguars

Status: Ridley’s Believe it or Not

2023 Top 51 Cap Space: -$18M

Christian Kirk’s bigtime free agent deal looks great 9 months later. He’ll earn a fully guaranteed $16M next season with a non-guaranteed 2 years, $33M thereafter. Zay Jones enters Year 2 of a 3 year, $24M contract, and will earn a fully guaranteed $8M next season. While the versatile Jamal Agnew brings a non-guaranteed $4.75M, $5.8M cap hit to the table.

And oh by the way, the Jags acquired Calvin Ridley from the Falcons at the deadline, bringing in his (now) non-guaranteed $11.1M 5th year option salary for 2023. Vet Marvin Jones is slated for free agency this March.

Kansas City Chiefs

Status: Good JuJu?

2023 Top 51 Cap Space: $14M

After a 78 catch, 933 yard season, JuJu Smith-Schuster is slated for free agency, posting a $14.6M valuation in our system. Marquez Valdes-Scantling enters Year 2 of his 3 year, $30M deal, and most of his $9M compensation for 2023 fully guarantees March 17th. While unlikely, it’s possible for the Chiefs to move on from MVS prior to that date, saving $7M of cap. Mecole Hardman is also set for free agency this March.

Deadline acquisition Kadarius Toney holds a fully guaranteed 2 year, $4.4M, plus a 5th-year option for 2025. While youngster, Skyy Moore carries 3 years, $3.8M remaining on his rookie contract. 

Las Vegas Raiders

Status: Much of the Same

2023 Top 51 Cap Space: $21M

Davante Adams enters Year 2 of a 5 year, $140M contract in Vegas, including $26.6M cash, and a friendly $14.7M cap hit. Another $43M of compensation becomes fully guaranteed this March, locking him in through 2024.

Hunter Renfrow enters Year 2 of a 3 year, $34M deal, including $11.5M cash (half guaranteed) on a $13.1M cap hit, while Mack Hollins & Keelan Cole are slated for free agency. There shouldn’t be too much movement here, but a new QB can always change things.

Los Angeles Chargers

Status: Restructure & Repair 

2023 Top 51 Cap Space: -$19M

Keenan Allen holds 2 years, $42.1M remaining on his deal, including a $3.5M roster bonus due March 19th. A full cash restructure + 3 void years can open up more than $14M of space this March. Mike Williams enters Year 2 of his 3 year, $60M extension, including $12M cash and a $19M cap hit for 2023. A full cash restructure + 3 void years can open up more than $8.7M this March.

Josh Palmer’s rookie contract contains 2 years, $2.4M non-guaranteed remaining, while ??Deandre Carter & Jalen Guyton are slated for free agency.

Los Angeles Rams

Status: Running it Back Healthy

2023 Top 51 Cap Space: -$2.6M

Cooper Kupp holds 4 year, $79.85M remaining on his deal, and another $35M of it becomes fully guaranteed on March 17th. $15M of his $27.8M cap hit for 2023 can be opened up with a full compensation restructure.

Allen Robinson is fully guaranteed at $15.25M this season, while Van Jefferson enters a contract year on a non-guaranteed $1.3M & Ben Skowronek holds a non-guaranteed 2 year, $2M deal.

It’s tough to expect much movement if at all here.

Miami Dolphins

Status: Back Fill

2023 Top 51 Cap Space: -$14M

Tyreek Hill enters Year 2 of a 5 year, $140M contract, set to earn $26.1M on a $31.45M cap figure. A full cash restructure + a void year can open up $19.8M of cap space.

Jaylen Waddle’s rookie deal contains 2 years, $7.5M guaranteed plus a 5th year option for 2025. He had an up and down 2022, but still shows plenty of big time player potential - and value.

With $5M of Cedrick Wilson’s 2023 salary fully guaranteed, he’s a lock to be back next season.

Minnesota Vikings

Status: Pay Him or Trade Him

2023 Top 51 Cap Space: -$13M

Justin Jefferson only has 324 catches, 4,825 yards, and 25 TDs in his first three seasons, which should only translate to about $27M per year if and when the Vikings decide paying him right now is the best business decision. He’s now extension eligible for the first time.

Longtime #2 Adam Thielen probably falls off of this roster, as moving on from the 32 year old can free up $6.4M this March. K.J. Osborn enters a contract year, set to earn a non-guaranteed $1M in the final season of his rookie contract.

With Cousins entering a contract year, Dalvin Cook entering the backside, and the defense full of aging vets, is this the right time to be extending weapons? How Minnesota handles the Jefferson situation over the next 24 months will be must watch.

New England Patriots

Status: Swing Big

2023 Top 51 Cap Space: $46M

Jakobi Meyers is a pending free agent, projected to bank a 4 year, $50M deal in our system. 

Vet DeVante Parker enters a contract year, set to earn a non-guaranteed $6.3M, all of which can fall off the books if he’s moved on from.

Underutilized weapon Kendrick Bourne enters a contract year, set to earn $5.5M on a $6.8M cap hit, while Nelson Agholor is slated for free agency this March.

This feels like a roster that needs to find a true #1 - potentially via trade.

New Orleans Saints

Status: Olave & the Field

2023 Top 51 Cap Space: -$52M

Chris Olave was everything he was drafted to be almost immediately out of the gate, and his progression will only make life easier for New Orleans, who hold him on 3 years, $7.25M plus a 2026 option year.

Michael Thomas’ restructured his deal for one of two reasons: to make 2023 a swan song, or to make it easier for New Orleans to move on this March. We’ll assume the latter, meaning they’ll designate him a Post 6/1 release on March 15th, carry his $13.6M cap hit through June 1st, then take on $12M of dead cap this year, $14M next year, freeing up another $1.7M of space. He’ll be free to sign with a new team in March.

Tre'quan Smith has a $200,000 roster bonus due March 19th. The Saints can free up $1.9M of space by moving on before that. Jarvis Landry & Deonte Harty should both be allowed to hit the open market.

New York Giants

Status: They Bought Out Kenny.

2023 Top 51 Cap Space: $56M

The Kenny Golladay experiment shouldn’t be allowed to continue, but there’s a fully guaranteed $4.5M roster bonus sitting in the way right now. If the Giants are willing to pay it out as a parting gift, they can free up $11.2M of cap space by moving on this March.

2022 2nd rounder Wan'dale Robinson will be back in the fold with 3 years, $4.26M, as will Isaiah Hodgins on a minimum salary. But Darius Slayton, Richie James, & Sterling Shepard are all slated for free agency.

New York Jets

Status: Seeking a #2

2023 Top 51 Cap Space: $8.1M

Garrett Wilson is a Rookie of the Year candidate after his 74 catch, 1,014 yard inaugural season, and his fully guaranteed 3 year, $7.7M (plus 2026 option) contract should offer the Jets immense value. He won’t become extension eligible until after the 2024 campaign.

Corey Davis enters a contract year, set to earn $10.5M on an $11.1M cap hit. All $10.5M can be free up if the Jets decide to go in a different direction.

Elijah Moore will get his wish with a new OC next season, and his 2 year, $3.3M remaining rookie contract makes him good value to stay, or a solid trade chip as well. The Denzel Mims era in NY is likely over, as the Jets can free up $1.35M with an outright release or trade.

Philadelphia Eagles

Status: Healthy.

2023 Top 51 Cap Space: $10M

A.J. Brown’s response to being acquired and handed a $100M contract was a career high 88 catches, 1,500 yards, and 11 TDs. He’ll be fully guaranteed through 2024 come March 17th, but even paying this guy $57M for 3 years seems a heck of a deal right now.

Sort of under the radar, DeVonta Smith caught 95 balls for 1,200 yards and 7 TDs in his sophomore campaign. He’s fully guaranteed at 2 years, $6M + a 5th year option in 2025, and becomes extension eligible after the 2023 season.

Quez Watkins enters a contract year, and his release can free up $1M of space if needed. Oh and by the way, they hold the #10 pick in April’s draft.

Pittsburgh Steelers

Status: Value

2023 Top 51 Cap Space: -$302k

Diontae Johnson signed a 2 year, $36M extension last August, but as the Steelers tend to do - only 2022 was fully guaranteed at signing. He’s set to earn $10.5M in 2023 (including a $2.5M March roster bonus), and a simple restructure of that compensation plus void years can open up over $7.5M of cap space.

George Pickens looks every bit the part as the next great Steelers WR draft pick. Only $1M of his remaining 3 years, $3.9M is guaranteed, and he won’t be extension eligible until after the 2024 season. Value at its finest.

There are 6 other WRs under contract or team control, but with two second round picks this April, don’t count out another young weapon being added into the mix.

San Francisco 49ers

Status: Aiyuk’s Option

2023 Top 51 Cap Space: $13.5M

Deebo Samuel enters Year 2 of a 4 year, $76M deal, set to earn $11.3M on a very friendly $8.5M cap hit. He’s stable through at least 2024.

Brandon Aiyuk put together a very strong 2022 (78 grabs, 1,015 yards, 8 TDs) at a time when he needed it most. San Francisco will have to decide on his 5th year option this May putting his fully guaranteed 1 year, $2.3M deal on a bit of notice.

Jauan Jennings was an unlikely #3 last season, and with a minimum salary going forward, should remain in the mix even if the Niners add another weapon here.

Seattle Seahawks

Status: Find a Number Three

2023 Top 51 Cap Space: $34.5M

D.K. Metcalf enters Year 2 of a 4 year, $76M contract, set to carry a very tenable $13.72M cap hit next season. Tyler Lockett enters his age 31 season, and his contract holds a pretty clear potential out after 2023, but a $9.7M payout, $16.75M cap hit won’t hurt anyone.

It’s probably time to eat crow on the D'Wayne Eskridge bust pick and move on this March, taking on $844k of dead cap, freeing up $778k.

Marquise Goodwin was productive in a complimentary role, but his (annual) injury history might make it tough to run it back.

Tampa Bay Buccaneers

Status: Why Don’t You Just Go Without Mike?

2023 Top 51 Cap Space: -$55M

Chris Godwin enters year 2 of a 3 year, $60M deal, and will almost certainly see his $20M base salary restructured (clearing up a max $15.1M of space).

Mike Evans is entering a contract year, and his status is questionable. Are the Bucs in the right position to lock in another (30 year old) weapon right now? Are the draft picks brought back in a trade potentially more valuable to this franchise right now? It’s a 1 year, $14.5M ($1.5M March bonus), with a $23.6M cap hit - and the Bucs would only free up $2.3M of space with an early trade, but it’s still a maybe.

Julio Jones & Breshad Perriman are both likely allowed to test the open market this March.

Tennessee Titans

Status: Burks & a Reboot

2023 Top 51 Cap Space: -$23M

Injury kept Treylon Burks’ inaugural campaign at bay, but he’ll be asked to take a big step forward over the 3 years, $6M fully guaranteed plus a 5th year option through 2026.

Robert Woods gave Tennessee 17 weeks last year, but it probably wasn’t productive enough to justify $13.75M for 2023. There’s $12M of much needed to cap to open up by moving on here.

There are multiple additions to be made here.

Washington Commanders

Status: Ready for a Consistent QB

2023 Top 51 Cap Space: $12.5

Terry McLaurin enters year 2 of a 5 year, $71M contract in Washington with a fully guaranteed $5.4M to boot. $12.5M of his 2024 compensation fully guarantees on March 17th as well.

The Commanders finally got the production they were seeking out of Curtis Samuel in 2022, and he’ll enter a contract year this season, set to earn a non-guaranteed $10.6M. There’s $5.8M of space to be freed up if they want to go in a different direction.

Jahan Dotson is fully guaranteed at 3 years, $6.6M + a 2026 option, while Dyami Brown owns a non-guaranteed 2 years, $2.1M. 

Michael GinnittiJanuary 17, 2023

And then there were eight. A quick look at the current and future contract statuses for the 8 quarterbacks set to start in this weekend’s NFL Divisional Round, and few who won’t be available as well.

2022 Average Salary (league rank)

  1. Patrick Mahomes, $45M (5th)
  2. Josh Allen, $43M (6th)
  3. Dak Prescott, $40M (9th)
  4. Trevor Lawrence, $9.1M (18th)
  5. Joe Burrow, $9M (19th)
  6. Trey Lance, $8.5M (21st)
  7. Jimmy Garoppolo, $7M (26th)
  8. Daniel Jones, $6.4M (29th)
  9. Jalen Hurts, $1.5M (55th)
  10. Brock Purdy, $934k (77th)

 

Mahomes was the only Top 5 paid quarterback to make the postseason, with Aaron Rodgers, Russell Wilson, Kyler Murray, & Deshaun Watson all missing out on the party.

Patrick Mahomes (KC, 27)
9 years, $415M remaining
Mahomes’ 12 year deal doesn’t even really get good until 2023, when his cash payout jumps over $40M ($63.1M across the first three seasons). This deal is fully guaranteed through 2031, or until Mahomes says he wants a new one - whichever happens first.

 

Josh Allen (BUF, 26)
6 years, $217M remaining
Allen is mostly fully guaranteed through the 2024 season, and will become fully locked in on March 19th. He holds early vesting guarantees through 2025, keeping him safely in the fold for at least 3 more seasons.

 

Dak Prescott (DAL, 29)
2 years, $65M remaining
Dak’s deal is only guaranteed through 2023, putting him loosely in a contract year next season. But it’s much more likely that the Cowboys restructure his $49.1M cap hit for 2023, then extend their QB1 again after the upcoming season.

 

Trevor Lawrence (JAX, 23)
2 years, $9.6M + 5th year option remaining
Lawrence will become extension eligible for the first time after 2023, so his much improved play this past season is a huge step in the right direction toward an historic payday. Nick Foles’ $88M contract back in 2019 is the largest total value deal in Jags history.

 

Joe Burrow (CIN, 26)
1 year, $5.5M + 5th year option remaining
Burrow is now extension eligible, and has already done plenty enough to warrant signing a new deal this spring. He projects to a 6 year, $264M contract in our system right now.

 

Trey Lance (SF, 22)
2 years, $9M + 5th year option remaining

Lance continues to recover from ankle surgery and as of now, his status for 2023 is TBD. His next 2 contract years are already fully guaranteed, and the Niners will need to decide on his 5th year option by May of 2024. That’s about all we can say at this point.

 

Daniel Jones (NYG, 25)
Pending Free Agent
Jones is eligible for free agency on March 15th, but it seems impossible now that the Giants will let him get there. A $32M(ish) franchise tag could be on the table next month, but a multi-year extension in the $25-$30M per year range should also be expected.

 

Jimmy Garoppolo (SF, 31)
Pending Free Agent
Garoppolo can’t be franchise tagged, and with Brock Purdy holding serve for the better part of 6 weeks now, it seems unlikely that an extension will be on the table before March 15th arrives. Jimmy G will test the open market for the first time in his career, and could command 2nd tier starter money ($30M+) to join a new team for 2023 and beyond.

 

Jalen Hurts (PHI, 24)
1 year, $1.4M
2023 is the final year of Hurts’ rookie deal, but it seems a no-brainer that the Eagles will lock in their QB1 to a massive extension this spring. The MVP candidate projects to a 6 year, $266M contract in our system right now, but it’s hard to imagine he won’t surpass Kyler Murray’s numbers.

 

Brock Purdy (SF, 23)
3 years, $2.9M remaining
Purdy scored a $77k signing bonus in June, and holds non-guaranteed minimum salaries through the 2025 season. He appears to be one of the most consistent backup options in the league right now - though the system and players around him most certainly help.

Michael GinnittiJanuary 16, 2023

Coach, Quarterback, & Cap

Here’s the deal. Justin Herbert has done plenty over the past few seasons to warrant a big time extension, and the likelihood that it happens in the next few weeks is extremely high. The 24 year old values to a 6 year, $255M deal in our system, but pushing north of $45M per year should be realistic.

With that said, it’s not inconceivable that Brandon Staley has coached his last game for the Chargers organization. If a new regime is coming in (be it Sean Payton or another set of eyes), will the (small market owners in a major market) see this as an opportunity to stall on the Herbert money, allowing the player-coach dynamic to settle in a bit before the big pay day is handed out. Denver’s disaster of a 2022 certainly puts this type of scenario in the spotlight.

Herbert holds a guaranteed $4.2M in 2023, then a 5th-year option for 2024 that will certainly be exercised by May. 

From a full roster standpoint, this is a franchise that enters 2023 in the red (estimated -$10M in 2023 cap space with 41 players under contract), with 6 players set to account for at least $10M of cap for next season. A simpler restructure for Joey Bosa can free up at least $15M, while Keenan Allen’s 2023 compensation can open up $14.3M of space with a conversion. Khalil Mackk is entering 2 non-guaranteed years of his contract, and could stand for a rip it up and start over deal to open up cap space, and build in a little stability on his end.

From a Roster Bubble standpoint OG Matt Feiler is a capable body, but LA might opt for the $6.5M of space to get out of the contract this March. TE Gerald Everett showed his value down the stretch, but there’s $4M to be opened up if the Chargers move on there as well.


RELATED
Spotrac's NFL Offseason Series continues with divisional breakdowns of team cap space, notable free agents, extension candidates, and potential roster bubble players.

AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR

 

All-Out Attack

The narrative following the Vikings into and now certainly out of the postseason was something along the lines of: Fraudulent.

While the point differential doesn’t lie (-3 for a division winner), it would be wrong to look at this team and expect them to blow it up anytime soon. The division around them is in hand, their QB is doing more than enough to put them in winning positions, and they have arguably the best offensive weapon in all of football. 


It’s clear and obvious that the defense (specifically the pass rush) simply didn’t have the talent to compete for 60 minutes on a weekly basis. An offseason focused on bulking up the D-Line is to be expected.

Financially speaking, the Vikings sit about $8M in the red right now for 2023. Kirk Cousins is entering a contract year, and Minnesota can either restructure his $30M (freeing up over $23M of cap), or rebuild the contract into an extension (Stafford’s $40M per year deal seems right)

Moving on from WR Adam Thielen opens up at least $6.4M (more if Designated Post 6/1), while an early release of LB Erik Kendricks frees up $9.5M of space.

As for their prized possession, Justin Jefferson is now extension eligible, and while he wasn’t his usual self down the stretch - his numbers to start an NFL career simply defy logic. He’s in line to smash A.J. Brown’s current 4 year, $100M rookie extension mark, with a base valuation of $27M per year in our system.

 

Pretty Damn Close - BUT

The Tua Tagovailoa medical situation is scary for all parties involved - including the NFL. The Dolphins have already come out and stated that he remains the QB1 plan for 2023 and beyond, and there’s no doubt that a healthy Tua makes this team a legitimate AFC contender - but the what ifs attached to it are downright terrifying.

With that said, we’re simply going to operate as if the Dolphins believe their own words. There’s no reason to assume that a contract extension is coming for Tua, despite his eligibility window now opened up, but this is an organization that can put together a calculated offseason and become a REAL problem.

Their entire running back arsenal is slated for free agency, as are TE Mike Gesicki, and backup QB Teddy Bridgewater. Luckily, there are about a dozen starting running backs and viable backup QBs set to hit the open market this March.

DL Christian Wilkins probably made himself a good chunk of change this year (and his ongoing rift with Bills’ QB Josh Allen is only going to further that rivalry). He projects to a $15M+ per year extension in our system entering a contract year.

As a whole, the Dolphins’ project to open 2023 with around -$9M of cap space. But a simple restructure for Tyreek Hill can free up $20M, and another one for Bradley Chubb can open up almost $15M. Miami forfeits their 1st round pick thanks to some ownership collusion (which might be happening as we speak again), so their ability to clog a few holes will come in March, and on Day 2 of the April draft.

There’s an awful lot to like here - if Tua is healthy.


It’s Time

The hot take artist in me wants to push further down the BLOW IT UP boulevard, but the Baltimore Ravens aren’t a blow it up franchise. It’s also not a make the dollars rain organization, or a “let the players run the show” front office - by any means. Lamar Jackson had a real chance to go out there and shut everyone up this season, turning down a standard extension offer for what he believed should have been a top of the market one.

Now it feels like we’re back to square one with this situation, and by that I mean we throw out the fact that he’s a former MVP, we throw out the 45-16 career record, and we simply look at the player and his organization through a telescope over the next 3-4 years. Does anyone who’s truly being honest with themselves see a scenario where these two parties not only make it work, but thrive, grow, and succeed at the highest level together?

The fact of the matter is, Baltimore can still sell extremely high with Lamar on the trade market. They’ll slap an exclusive franchise tag on him in February, but can probably get away with budgeting the $32M non-exclusive tag price on their books while they work out a trade, as the non-exclusive price doesn’t lock until after RFA tender season (early April). What does all of this garbly-goo mean? Jackson won’t be able to negotiate with other teams, and the Ravens will be able to get more than just two first round picks back when they move on from him (the compensation for a player signing an offer sheet on a franchise tag).

It took the Browns three firsts, a third, & two fourths to secure the right to pay Deshaun Watson historic money. It would be foolish to assume that the Ravens won’t be looking for AT LEAST this package come March 15th. Will the Raiders & their Derek Carr situation show interest? Are the Falcons & Panthers ready to mortgage their draft future to see what Lamar can do for them instantaneously? Are the Jets actually the best landing spot for Jackson in their current form?

This might be a lot of words about a situation that never bears out. But it’s becoming increasingly more possible every day. Oh right, money. Lamar has been a $42M player in our system for the better part of 2 seasons now, but his passing productivity dipped quite a bit in 2022. Mathematically he’s a $40M player. On the open market with 6 teams vying for his services? He might just get that $200M fully guaranteed.

 

On the Edge

Word play. The Seahawks need pass rushers. Even the people in the balcony can read this situation clear as day. Other than that, why wouldn’t this organization try to run this thing back at least for 2023? Geno Smith is the definition of why the franchise tag exists, and should be prepared to play on the $32Mish tender next season.

Seattle enters 2023 with about $47M of cap space, but less than half a roster signed as we speak. Quandre Diggs is a restructure candidate, Noah Fant is a trade candidate, & Uchenna Nwosu is an extension candidate, all which should put the Seahawks in a great place to both draft & sign more than enough ammo to compete again next season.

And by the way - next season is all this organization should be thinking about right now. The future is here.

 

Internal Combustion

It's tough to blame the Bucs for trying to squeeze every possible minute of TB12 time out as possible. When he un-retired this Spring, it likely changed the mindset of the Bucs front office, who may have been looking to dial certain things back a bit in preparation for the "purge". The about face cost them plenty of cash, and even more flexibility with their cap, as Tampa Bay now stares down a near $44M cap deficit to start the 2023 campaign.

The major focus here (for a lot of reasons) is Brady, who certainly sounded like a player who won't be returning to the organization in his parting press conference. If no new contract is honored, Brady's 2022 deal will automatically void on March 15th, leaving the Bucs with a $35.1M dead cap hit for 2023, the 2nd largest of its kind in history (Matt Ryan, $40.5M).

Elsewhere, another $17.5M of voidable dead cap exists from Lavonte David, Akiem Hicks, Julio Jones, & William Gholston. Will any of these players be back in the fold by the start of the new league year? Are the seemingly QB-less Bucs going to expedite their purge plan and subtract much more than they add or retain this spring? If so, Mike Evans, who enters a contract year in 2023, could be one of the prime candidates to be traded.

Michael GinnittiJanuary 15, 2023

With the NFL postseason upon us, a quick look at how players are compensated for each playoff round, broken down by team, based on the agreed upon CBA costs.


Wild Card Weekend
This round stands out from the rest because it contains split pay based on a few factors. If the Wild Card team was a regular season division winner, players will each earn $46,500 (JAX, BUF, CIN, MIN, SF, TB). If the team of the Wild Card game was not a regular season division winner (LAC, MIA, BAL, SEA, NYG, DAL), players from that team will each earn $41,500 - a $5,000 difference.

Additionally, the two teams who secured a #1 seed and were rewarded a bye for the Wild Card round (KC, PHI) will earn the lesser of these two payments, or $41,500 per player.

Divisional Round Winners
All players who are on the active 53-man roster the Sunday immediately preceding the divisional round games will earn $46,500 this year, up $4,000 from last season’s postseason.

Conference Championship Winners
All players who are on the active 53-man roster the Sunday immediately preceding the conference championship games will earn $69,000, up $4,000 from last year.

Super Bowl Payouts
Players from the winning Super Bowl team will cash an extra $157,000 each, while those from the losing team will earn $82,000 for their efforts.

 

Potential AFC Team Playoff Earnings (per player)

  KC BUF CIN JAX LAC BAL MIA
Wild Card $41,500 $46,500 $46,500 $46,500 $41,500 $41,500 $41,500
Divisional $46,500 $46,500 $46,500 $46,500 $46,500 $46,500 $46,500
Conference $69,000 $69,000 $69,000 $69,000 $69,000 $69,000 $69,000
Super Bowl Loss Total $239,000 $244,000 $244,000 $244,000 $239,000 $239,000 $239,000
Super Bowl Win Total $314,000 $319,000 $319,000 $319,000 $314,000 $314,000 $314,000

 

Potential NFC Team Playoff Earnings (per player)

  PHI SF MIN TB DAL NYG SEA
Wild Card $41,500 $46,500 $46,500 $46,500 $41,500 $41,500 $41,500
Divisional $46,500 $46,500 $46,500 $46,500 $46,500 $46,500 $46,500
Conference $69,000 $69,000 $69,000 $69,000 $69,000 $69,000 $69,000
Super Bowl Loss Total $239,000 $244,000 $244,000 $244,000 $239,000 $239,000 $239,000
Super Bowl Win Total $314,000 $319,000 $319,000 $319,000 $314,000 $314,000 $314,000
Michael GinnittiJanuary 13, 2023

Our NFL Offseason Series continues with analysis for each team’s notable free agents, projected financials, & a few extension or roster bubble candidates heading toward the offseason.



SPOTRAC'S OFFSEASON SERIES
AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR

Denver Broncos

2023 Cap Space: $12M
Rostered Players: 59
Draft Pick: #5 (traded to SEA), TBD (from SF)

Sources close to me confirm that Year 1 of the Russell Wilson experiment has failed. Out goes the coaching staff, out go a few current players, but this will be a systematic change much more than a roster construction change for the next few seasons.

Notable Free Agents

Extension Candidate

Jerry Jeudy (WR, 23)
Jeudy put together his best statistical season (67 catches, 972 yards, 6 TDs) just in time to become extension eligible for the first time in his career. His rookie deal contains 1 year, $2.6M (guaranteed) plus an option for 2024. He projects to a 4 year, $80M deal in our system right now.

Bubble Candidate

Ronald Darby (CB, 29)
Enters a contract year in 2023, set to carry a $13M cap hit. The Broncos can free up $10M by moving on at any point of the offseason.

Graham Glasgow (OL, 30)
He’s a serviceable and versatile offensive lineman, but with $11M of his $14M cap hit available to be cleared, he’ll sit on the bubble until further notice.

K.J. Hamler (WR, 23)
He’s hit the IR each of this first three seasons, and the Broncos can free up $1.5M of his $2.2M cap hit this offseason.

Kansas City Chiefs

2023 Cap Space: $14M
Rostered Players: 35
Draft Pick: TBD

The Chiefs sit atop the AFC yet again, but that doesn’t exclude them from some serious offseason questions around the corner at the left tackle, wide receiver, and cornerback positions to name a few.

Notable Free Agents

Extension Candidate

Chris Jones (DT, 29)
Jones enters a contract year, having done Jones things once again in 2022, set to carry a $28.2M cap hit for the 2023 season. The Chiefs want to lower that hit (and presumably keep him for a few more seasons). Just based on math, Jones projects to a 4 year, $120M extension in our system.

L'Jarius Sneed (CB, 25)
The 2020 4th rounder really established himself in 2022, and enters a contract year for 2023, set to earn a non-guaranteed $1M. He values toward a 4 year, $32M contract in our system right now.

Bubble Candidate

Frank Clark (DE, 29)
Clark restructured before the 2022 year to stick around, and he played well enough to at least consider doing that again. But with a $31M cap hit versus $9M of dead cap to boot, we’ll error on the side of $22M in savings for now.

Clyde Edwards-Helaire (RB, 23)
CEH carries a fully guaranteed $2M in 2023 (his 5th year option is certain to be declined this May), which should be plenty tradable to a team in need. KC can free up $1.5M by trading him at any point in time this offseason.

Las Vegas Raiders

2023 Cap Space: $20M
Rostered Players: 45
Draft Pick: #7

The Derek Carr era is over, despite a core group of contracts signed in the past 18 months (including his). This team is too pot invested to wait for a young QB to grow into it, do they have bigger (older) plans?

Notable Free Agents

Extension Candidate

Foster Moreau (TE, 25)
Moreau has been a stable TE2 for this Raiders team, but with Darren Waller’s inconsistency and health issues, LV should be ready to treat him as more than that (and Waller’s replacement for 2024).

Bubble Candidate

Derek Carr (QB, 31)
Carr has already said his goodbyes, so now it’s a matter of trade or release. If it’s release, LV will do so prior to $40.4M more locking in on February 15th ($5.626M of dead cap, $29.25M saved). If they find a trade partner (that Carr agrees to), the numbers will look the same, but the trade won’t process until at least March 15th.

Chandler Jones (DE, 32)
Jones holds a fully guaranteed $17M through 2023, so this is a trade situation only - but it’s not inconceivable. A Pre March 17th trade leaves behind $9.6M of dead cap, freeing up $9.8M of space. It’s possible there’s a team looking to take a 1 year, $17M flier on him.

Los Angeles Chargers

2023 Cap Space: -$10M
Rostered Players: 41
Draft Pick: TBD

Before we get to adjustments on the roster, are we positive the coaching staff is safe for 2023? Once that question is answered, Justin Herbert will need $150M guaranteed.

Notable Free Agents

Extension Candidate

Justin Herbert (QB, 24)
A big playoff run could sweeten this pot even more, but Herbert is now extension eligible for the first time, and seems a slam dunk to lock in a $40M + deal this spring. He projects to a 6 year, $255M extension in our system.

Khalil Mack (OLB, 31)
Mack holds a 2 year, $46.15M non-guaranteed contract right now (which is pretty good coin for him at this stage), but the cap hits ($27.4M, $27.75M) scream restructure. The two sides can turn this into a 4-5 year deal with more flexibility for all.

Bubble Candidate

Gerald Everett (TE, 28)
Everett is a nice fit for this offense, and his $8M cap hit for 2023 isn’t too daunting, but with $4M to be freed up, the Chargers might take a chance on bringing him back cheaper.

Michael GinnittiJanuary 13, 2023

Our NFL Offseason Series continues with analysis for each team’s notable free agents, projected financials, & a few extension or roster bubble candidates heading toward the offseason.

SPOTRAC'S OFFSEASON SERIES
AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR

Arizona Cardinals

2023 Cap Space: $16M
Rostered Players: 46
Draft Pick: #3

It appears C Rodney Hudson is retiring, and WR DeAndre Hopkins is on the trade block. With a new coaching staff and GM on the way, it appears Arizona is set on loading up draft capital and trying to rebuild this thing on the fly as quickly as possible (while paying their QB1 $48M per year).

Notable Free Agents

Extension Candidate

Marquise Brown (WR, 25)
Holds a fully guaranteed $13.4M 5th-year option in 2023, could be eyeing the 3 year, $60M extensions Mike Williams & Chris Godwin bagged last year.

Bubble Candidate

J.J. Watt (DE, 34) & Rodney Hudson (C, 34)
The Cardinals have already restructured these contracts to set them up for Post 6/1 retirements/releases. Watt will carry a $3.48M cap hit until 6/1 after which the Cardinals will take on dead hits of $2.4M for 2023, $4.8M for 2024. Hudson will carry a $3.8M cap hit until 6/1, after which the Cardinals will take on dead hits of $1.76M for 2023, $3.52M for 2024.

Robbie Anderson (WR, 30)
Hopkins on the trade block might make the Cardinals think twice here, but with $12M to be saved, it seems very likely they get out of this contract regardless.

Los Angeles Rams

2023 Cap Space: -$11M
Rostered Players: 50
Draft Pick: #6, traded to DET

The most important question for the Rams this offseason pertains to the coach: Will he be back? If the answer is no, look for a domino effect of change. If yes, 2023 might simply be about getting healthy, and spending $100M on a new offensive line.

Notable Free Agents

Extension Candidate

Matt Gay (K, 28)
Yep, we’re talking kickers here. The offense sputtered this season, and with Stafford’s health still in question, the Rams might as well keep a reliable kicker around for scoring purposes. Top 10 kicker pay ranges from $4.1M - $6M per year.

Bubble Candidate

Sean McVay (HC, 36)
Until we know, we know nothing about this team’s offseason.

Jalen Ramsey (CB, 28)
Ramsey has started to hint that his time in LA could be closing. $12.5M of his $17M salary for 2023 is already fully guaranteed, but none of the 2 years, $38M thereafter is. The Rams could be pining for a 2023 1st round pick here, so an early trade would leave $19.6M of dead cap on their table, freeing up $5.6M of space.

San Francisco 49ers

2023 Cap Space: $14M
Rostered Players: 33
Draft Pick: TBD, traded to DEN

This is a loaded, dynamic roster that has proven for back to back to back years now that it can plug and play an able bodied QB into it and be successful. And yet, the QB1 position is still the biggest question mark heading into 2023.

Notable Free Agents

Extension Candidate

Nick Bosa (DE, 25)
Bosa is set to play out a fully guaranteed $17.8M 5th-year option in 2023, but that’s certain to be ripped up in favor of a massive extension. He projects to a 4 year, $106M contract in our system, but T.J. Watt’s $112M deal is a realistic floor here.

Bubble Candidate

Arik Armstead (DE, 30)
Still a fine player, and the dead cap doesn’t offer a ton of wiggle room, but his $24.3M cap hit is a lot to ask for a top contending team. A Post 6/1 release designation offers $16.7M of cap savings to SF next season.

Seattle Seahawks

2023 Cap Space: $47M
Rostered Players: 34
Draft Pick: #5 (from DEN), #20

Life without Russ ain’t half bad. Don’t let the cap space fool you, as the Seahawks don’t have a QB1 under contract for 2023 as of yet, and a franchise tag for Geno Smith would eat up about 75% of that $47M figure. This will be an attractive landing spot for free agents this spring, and Seattle will be hunting (and drafting) for pass rushers.

Notable Free Agents

Extension Candidate

Uchenna Nwosu (LB, 27)
Posted a career year across the board and has the makings for a long career in Seattle. His cap hit jumps from $6.3M to $12.7M next season, so a multi-year extension can work for both parties here.

Geno Smith (QB, 32)
This Cinderella story will continue for at least 1 more season. Will it be a $30M+ franchise tag, or a short term extension? If it’s the latter, mathematically speaking, Geno Smith just played himself a $40M season. Will he garner that on the open market? Not likely. But, like Daniel Jones, something at or above $30M wouldn’t surprise us.

Bubble Candidate

Noah Fant (TE, 26)
Acquired in the Russell Wilson trade, Fant slipped down the depth chart as the year went along. His $6.85M 5th-year option salary for 2023 is already fully guaranteed, so this is a trade scenario only.

Michael GinnittiJanuary 13, 2023

Spotrac's NFL Offseason Series continues with divisional breakdowns of team cap space, notable free agents, extension candidates, and potential roster bubble players.

AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR

Michael GinnittiJanuary 12, 2023

Our NFL Offseason Series continues with analysis for each team’s notable free agents, projected financials, & a few extension or roster bubble candidates heading toward the offseason.

SPOTRAC'S OFFSEASON SERIES
AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR

Buffalo Bills

2023 Cap Space: -$6.4M
Rostered Players: 37
Draft Pick: TBD

Josh Allen, Stefon Diggs, & Von Miller currently account for $89.4M of cap next season. Restructures will reduce that mightly, opening up room to explore a few upgrades on the O-Line, keep or replace their safeties, and make a decision on Tremaine Edmunds.

Notable Free Agents

Extension Candidate

Ed Oliver (DT, 26)
The Bills were hoping to see a full breakout from Oliver in 2022, but the production per game pretty much aligned with 2021 - above average, but not quite elite. He projects to Dalvin Tomlinson’s $10.5M per year deal in our system.

Tremaine Edmunds (ILB, 24)
Edmunds finished his 5 year rookie contract with 565 tackles, 7 sacks, 2 forced fumbles, & 5 interceptions. He’s also the vocal leader of this Bills’ defense, and should have done enough to warrant a second contract in Buffalo - as long as the price is right. He doesn’t have the resume to warrant a top of the market deal (approaching $20M per year), but something in the 4 year, $44M range should work for both here.

Bubble Candidate

A.J. Epenesa (DE, 25)
This one just hasn’t hit for Buffalo. Epensea holds a non-guaranteed 1 year, $1.4M contract, and the Bills would do well to find a trade partner, free up the cap space, and add a draft asset if possible.

Tim Settle (DT, 26)
Settle’s $4.9M cap hit for 2023 isn’t daunting, but as a role player (and an area where Buffalo will certainly be looking to upgrade), taking the $2.2M savings here makes sense.

Miami Dolphins

2023 Cap Space: -$9M
Rostered Players: 36
Draft Pick: TBD

This should have been the offseason we all discussed the big extension for QB Tua Tagovailoa, but his concussion history has to have paused that conversation indefinitely. In fact, bringing in a viable QB1a might be the big move this March.

Notable Free Agents

Extension Candidate

Christian Wilkins (DE, 27)
The former #13 overall pick has been highly effective the past two seasons, and enters 2023 with a fully guaranteed $10.7M 5th year option salary. His production steers much more towards the run stop than the pass rush, which could temper the price tag for his second contract, though he still projects to a 4 year, $60M deal in our system.

Robert Hunt (G, 27)
Has flourished in this new explosive offensive style, and seems the perfect fit for Mike McDaniels going forward. He’s due a non-guaranteed $1.7M in the final year of his rookie deal, and projects to a 4 year, $34M contract in our system - though his ability to play multiple positions on the O-Line could increase that value quickly.

Bubble Candidate

Keion Crossen (CB, 27)
Crossen’s 3 year free agent contract was structured with 1 year of guarantees. The Dolphins can free up $3.1M of cap by moving on this March.

New England Patriots

2023 Cap Space: $44M
Rostered Players: 45
Draft Pick: #14

The Patriots enter 2023 with half of their wide receivers, running backs, and offensive line slated for free agency. It’s a good opportunity to lock in a new coordinator, and build quickly around that new system. If 2021 Mac Jones can find his way back, they’ll be back in the thick of thing soon.

Notable Free Agents

Extension Candidate

Josh Uche (LB, 25)
The #60 overall pick back in 2020 enters a contract year next season, set to earn a non-guaranteed $1.3M. Uche’s 2022 production (11.5 sacks, 27 tackles, 2 forced fumbles) puts him on track to garner (possibly even replace) teammate Matt Judon’s 4 year, $54.5M deal.

Bubble Candidate

Kendrick Bourne (WR, 27)
For some reason, Bourne’s targets/usage were severely limited in his first two seasons with the Patriots. If the plan is to bring back Jakobi Meyers and possibly another veteran pass catcher this spring, the $5.5M to be saved here would be useful.

New York Jets

2023 Cap Space: $8M
Rostered Players: 45
Draft Pick: #13

The Jets faltered down the stretch, as key injuries and a lack of consistent QB play wound up being their achilles heel. They’ll be one of the teams rumored to swing big for an NFL ready QB1 this March, with the likes of Garoppolo, Carr, Rodgers, Brady all in play.

Notable Free Agents

Extension Candidate

Quinnen Williams (DL, 25)
Williams finally broke out in 2022, to the tune of 12 sacks, 51 tackles, and 2 forced fumbles across 15 games. He’s an $18M player in our system right now, but new deals for Jeffrey Simmons, Chris Jones, etc.. could ramp this defensive tackle market up, pushing him (well) north of the $20M mark when it’s said and done.

Bubble Candidate

Zach Wilson (QB, 23)
Wilson is owed a fully guaranteed $9.3M over the next 2 seasons, plus an available 5th year option for 2025, but he may have to earn that elsewhere. An up and down 2022 culminated with a veritable benching down the stretch, putting his spot on the roster in peril. A Post June 1st trade can free up $3.85M of cap.

Corey Davis (WR, 28)
Davis enters a contract year in 2023, after seeing action in just 21 games over his first two seasons in NY. Moving on can free up a much needed $10.5M this offseason.

Michael GinnittiJanuary 12, 2023

Our NFL Offseason Series continues with analysis for each team’s notable free agents, projected financials, & a few extension or roster bubble candidates heading toward the offseason.

SPOTRAC'S OFFSEASON SERIES
AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR

Dallas Cowboys

2023 Cap Space: $5.2M
Rostered Players: 43
Draft Pick: TBD

It’s an offseason of weapon decisions for Jerry, with CeeDee Lamb ready for an extension, Dalton Schultz & Tony Pollard pending free agents, and Zeke Elliott in a contract nobody else in America would want him in.

Notable Free Agents

Extension Candidate

CeeDee Lamb (WR, 24)
Lamb is now extension eligible for the first time in his career, fresh off his best season to date (107 receptions, 1,359 yards, 9 TDs). He’s a 4 year, $90M player in our system, but A.J. Brown’s $25M per year is certainly within reason.

Trevon Diggs (CB, 25)
Expecting another 11 INT season was never reasonable, but Diggs’ 2022 looked a lot like his 2020 rookie campaign (50 tackles, 3 picks). If he was a $20M player for one season, and a $12M player for 2 - let’s call it 4 years, $56M right now.

Bubble Candidate

Ezekiel Elliott (RB, 27)
Despite 22 rushing TDs over the past two seasons, most of the metrics surrounding Elliott have declined, including a career low 3.8 yards per attempt in 2022. The contract holds 4 years, $52.9M remaining, but there are no early guarantees or bonuses built in from here out. A Pre June 1st release leaves behind $11.86M of dead cap, freeing up $4.86M.

Tyron Smith (OT, 32)
Smith missed 14 games this season, and relinquished his left tackle spot to Tyler Smith upon return. He enters a contract year in 2023, set to earn $13.6M ($17.6M cap figure). Moving on frees up $9.5M of space.

New York Giants

2023 Cap Space: $55M
Rostered Players: 40
Draft Pick: TBD

QB Daniel Jones, RB Saquon Barkley, and literally every pass catching weapon remain up in the air for 2023. Let’s start there this offseason.

Notable Free Agents

Extension Candidate

Andrew Thomas (LT, 23)
He’s gotten better every year, finishing 2022 as the 3rd highest graded offensive tackle according to PFF, and his now extension eligible for the first time. The #4 overall pick from 2020 holds a fully guaranteed 1 year, $5M, plus a 5th-year option in 2024, and projects to a 5 year, $107M extension in our system.

Dexter Lawrence (DT, 26)
Lawrence enters the 5th-year option salary of his rookie deal, set to earn a fully guaranteed $12.4M in 2023. He put together his most productive season by far in 2022, finishing with 7.5 sacks, 68 tackles, and 2 forced fumbles. He projects to a 4 year, $56M extension in our system.

Bubble Candidate

Kenny Golladay (WR, 29)
This one’s messy, as Golladay has a fully guaranteed $4.5M roster bonus due March 17th. The relationship has gone so poorly, it might still make sense for the Giants to pay it and cut him loose anyway, taking on a $14.7M dead cap hit, saving $6.7M in 2023.

Philadelphia Eagles

2023 Cap Space: $10M
Rostered Players: 43
Draft Pick: #10 (from NO, TBD

The Eagles have a slew of defensive starters to retain or replace, and a QB1 ready for an extension. There’s a trade or 6 in there as well if we know this front office.

Notable Free Agents

Extension Candidate

Jalen Hurts (QB, 24)
The Eagles aggressively expanded this roster to put Jalen Hurts’ future on notice. He passed every test, late season injury notwithstanding, and now finds himself extension-eligible for the first time. The 2020 2nd rounder enters a contract year in 2023, set to earn a non-guaranteed $1.4M. He projects to a 6 year, $265M extension in our system.

Bubble Candidate

Darius Slay (CB, 32)
This one won’t be popular, as Slay is still an upper echelon defensive player, but even the best teams in football can’t keep everyone, and Slay is set to count $26.1M against the cap in 2023. The issue? He already holds $21.2M of dead cap against that figure, so it’s possible a standard contract restructure (or a small extension) actually work better for both business and football purposes. 

Washington Commanders

2023 Cap Space: $11.5M
Rostered Players: 56
Draft Pick: 16

The Commanders are going back to the well at the QB position again, but the rest of the roster appears to be in pretty decent shape, as is evident by 50+ players under contract right now.

Notable Free Agents

Extension Candidate

Montez Sweat (EDGE, 26)
Enters a contract year in 2023, including a fully guaranteed $11.5M option salary. He posted 8 sacks & 45 tackles in 22, and projects to a 4 year, $66M contract in our system.

Da'Ron Payne (DL, 25)
Payne is slated for unrestricted free agency this March, but there appears to be mutual interest to keep this relationship together long-term. He’s consistently produced around 60 tackles per season, but added a new wrinkle to his game in 2022 - 11.5 sacks. The new found production lifts him to a 5 year, $97M valuation in our system.

Bubble Candidate

Carson Wentz (QB, 30)
Wentz has a $5M roster bonus due March 17th. The Commanders will free up $26.1M of cap by releasing him before that.

Logan Thomas (TE, 31)
None of the final 2 years, $13.5M remaining on Thomas’ contract is fully guaranteed, and the Commanders can free up $5.25M of space by moving on this March.

Michael GinnittiJanuary 12, 2023

QB Derek Carr

The Raiders made the decision to remove Derek Carr from their 2023 roster about a month ago. Now the only remaining question is, will it be via trade or outright release? Carr signed a 3 year, $121.5M extension this past April, but there was a clear and defined out after 2023. That out occurs on February 15th, when his $32.9M salary for 2023 & $7.5M of his 2024 salary become fully guaranteed (both were guaranteed for injury at signing, hence the benching).

So the Raiders have a month to find a trade partner for Carr, who, with a full no trade clause, will be fully involved in that process. It’s risky business for Las Vegas, because any trade agreed to now can’t be officially processed until March 15th - so it’s conceivable that a team backs out at the last minute, leaving the Raiders with $40.4M of guarantees with a QB they no longer want.

Should this trade happen, Carr will leave behind just $5.625M of dead cap to Las Vegas, bringing a 3 year, $116.3M contract with him to a new team.

If no trade transpires, Carr will be released prior to February 15th, leaving behind that same $5.625M dead cap hit to LV. He’ll be free to sign with a new team immediately, an advantage over the likes of Jimmy Garoppolo, Geno Smith, Daniel Jones, etc…

WR DeAndre Hopkins

The Cardinals have publicly announced that they’ll be seeking a trade for 30 year old WR DeAndre Hopkins, despite a productive return to the lineup after serving his 6 game PED suspension this past season.

The Cardinals have an offensive line and much of their defense to improve this offseason, so adding draft capital by moving on from Hopkins makes sense, even if it takes their top weapon out of the mix.

Financially speaking, DeAndre Hopkins holds a 2 year, $34.3M contract, with nothing fully guaranteed, and no early offseason roster bonuses to have to work around. The timing of this move will be interesting, as the contract carries $22.6M of dead cap that must remain with Arizona. If the trade is processed before June 1st, all $22.6M must hit the 2023 salary cap (clearing $8.15M of space). If the move happens after 6/1, $11.3M hits in 2023, and another $11.3M in 2024 - saving $19.45M of cap space for the upcoming season.

While the latter seems the better play, keep in mind that a trade after June 1st means no 2023 draft picks can be involved in this transaction.

WR Michael Thomas

The Saints and Michael Thomas agreed to a somewhat unique contract restructure before the end of the regular season. The move lowered his 2023 base salary from $15.5M down to a minimum $1.165M. Additionally, a $31.755M roster bonus was added in 2024 (due early March), while a $902,941 signing bonus was paid out to him immediately.

The path forward here isn’t entirely clear, but it seems likely that the Saints threw Thomas a good faith gesture signing bonus with the intention of designating him a Post June 1st release this March. They’ll carry his $14.1M cap hit until 6/1, after which he’ll leave behind $11.9M of dead cap in 2023, and another $14.1M in 2024. The Saints will pick up $2.1M of cap savings on June 2nd. Thomas will be free to sign elsewhere as soon as the Post 6/1 designation is announced (March). 

WR Brandin Cooks

Cooks started saying his goodbyes before the Texans’ Week 18 game - so it’s safe to say he’s demanding a move out of Houston this offseason. He holds a 2 year, $35M contract, including a fully guaranteed $18M salary for 2023.

It’s likely a new team will push to restructure (possibly even extend) the contract once acquired, but initially speaking Cooks will bring cap hits of $18.5M in 2023, $16.5M in 2024, leaving behind $16.2M of dead cap with Houston ($10M saved).

C Rodney Hudson

The Cardinals and Hudson agreed to a contract restructure this week that lowered his 2023 base salary from $8.25M to $2.05M. Generally speaking, this is a bat signal that one of two things is happening: the team is going to designate that player a Post June 1st release, carry the contract until that date, then release the player to maximize cap savings. Or, the player is planning to retire, but the team won’t process that paperwork until after June 1st, for the same cap reasoning.

So what are the cap numbers we’re dealing with here? Hudson holds $5.28M of dead cap against a $3.81M cap hit right now. Arizona will carry that $3.81M figure until June 1st, then process either an outright release or retirement, leaving behind $1.76M of dead cap for 2023, and another $3.5M in 2024.

HC Sean Payton

The 59-year-old has been tied to every opening from Carolina midseason, through and including Arizona this past week. Will an early playoff exit bring the Cowboys back into this conversation as well?

Payton signed a 5 year extension with the Saints back in 2019, locking him up through the 2024 season (at least). This means New Orleans owns the rights to Payton, and any team looking to hire him will need to agree to compensation terms in order to do so.

How prevalent are coach trades in the NFL? Not much…but here are a few doozies:

The Bucs acquired Jon Gruden from the Raiders (2002)
Tampa Bay gave up 2 1st round picks, 2 2nd round picks, & $8M cash for Gruden. Both teams met in the 2003 Super Bowl, with the Bucs winning 48-21.

The Patriots acquired Bill Belichick from the Jets (2000)
The Patriots acquired the future HOF plus a 5th & 5th round pick in exchange for 1st, 4th, & 7th round picks to the Jets. The rest is literally history.

The Jets acquired Bill Parcells from the Patriots (1997)
Before the Belichick saga bore out, the two teams battled over Tuna Parcells. After a few hard ball moves, the two sides agreed to a compensation package 1st, 2nd, 3rd, & 4th round picks + $300,000 donated to New England’s charities of choice.

Michael GinnittiJanuary 12, 2023

We’ve represented 14 NFL position groups here, showing the highest average paid player at each for the 2022 season. Half of them made the postseason. Half of them didn’t, including Aaron Rodgers and his historic $50.27M AAV. Derwin James was the only defensive player in this exercise to make the playoffs.

Quarterback

Aaron Rodgers (GB, $50.27M)

The Packers QB had an up and down campaign, compounded by a thumb injury, but faltered in Week 18 when the team needed him most. His future is once again up in the air, despite another $144M on the books over the next 4 seasons (including $59.5M for 2023). Complete 2022 Rankings

Running Back

Christian McCaffrey (SF, $16.015M)

McCaffrey became a vital piece to the 49ers puzzle as they continued to lose QBs throughout the 2022 season. He’s a slam dunk fit for Kyle Shanahan’s creative offense, and holds 3 years, $36M non-guaranteed remaining on his contract. Look for San Francisco to restructure that a bit this offseason to work better for both sides. Complete 2022 Rankings

Fullback

Kyle Juszczyk (SF, $5.4M)

Still a Top 2 or 3 fullback in all of football, and obviously a huge player of importance in Shanahan’s wide open creative scheme. He holds 3 years, $17.75M on his contract, with a partial guarantee for 2023 that should keep him around for at least 1 more season.

Wide Receiver

Tyreek Hill (MIA, $30M)

The Dolphins sneaked into the postseason with a 3rd string quarterback, but Hill certainly did his part to get them there in 2022 (117 grabs, 1,687 yards, 7 TD). The 28 year old has 4 years, $113M remaining on his contract, including $45M guaranteed through 2024.

Tight End

Darren Waller (LV, $17M)

The 6-11 Raiders were one of the more disappointing teams of 2022, and their QB1 is about to pay the price for it. Waller’s season was limited to 9 games, putting him at just 20 games played over the past two seasons. Contractually, he’s mostly guaranteed through 2023, with 3 years, $40M non-guaranteed to go thereafter.

Offensive Lineman

Trent Williams (SF, $23.01M)

Williams was once again the top-rated offensive tackle according to PFF - this time by more than 3 full points. The 34-year-old is half-guaranteed through 2023 right now, with the remaining set to lock in on April 1st. After that, it’s a non-guaranteed 3 years, $77.25M.

Defensive Lineman

Aaron Donald (LAR, $31.6M)

After 4 straight seasons without missing a game, Donald’s 2022 was cut down to 11 appearances due to an ankle problem. His $13.5M salary for 2023 + $5M of 2024 compensation becomes fully guaranteed this March 17th and it’s fairly safe to assume that the next 2 years, $63.5M are his, if he wants to continue his career that long.

Edge Defender

T.J. Watt (PIT, $28M)

Watt saw action in only 9 games this season, and there’s an argument to be made that the Steelers might be in the postseason if he had played a few more. His $20M salary for 2023 is already fully guaranteed, but the 2 years, $42.1M remaining after that is not.

Interior Linebacker

Shaquille Leonard (IND, $19.7M)

Leonard saw action in only 3 games thanks to season ending back surgery. It’s notable that this was round two of this injury, as he suffered a setback trying to rehab the initial ailment. Contractually, Leonard is fully guaranteed at $15.7M through the 2023 season, but the 3 years, $55.35M thereafter has no early stability. 

Cornerback

Jaire Alexander (GB, $21M)

Alexander picked off a career-high 5 passes this season, seeing action in 16 of the Packers 17 matches. His deal contains 4 years, $67M left on it, but the $30M signing bonus he received last May was the only early guarantee built into this contract. He’s year to year from here out.

Safety

Derwin James (LAC, $19.1M)

James has now posted basically identical back-to-back seasons in LA, and is a big reason the Chargers find themselves as the 5 seed. His contract contains 4 years, $61M remaining on it, including $14M fully guaranteed this year, and a partial guarantee for 2024. 

Kicker

Justin Tucker (BAL, $6M)

Tucker was handed a 4 year, $24M extension just before the start of the 2022 season, that includes $17.5M guaranteed. Statistically speaking he had his worst season in 8 years, making only 86% of his field goals, 97% of his PATs - but his 43 attempts were a career high. He’s locked in through 2024 at a combined $10.75M.

Punter

Michael Dickson (SEA, $3.6M

Dickson signed a 4 year, $14.7M extension before the 2021 season, and 2022 was his last year containing full guarantees. He’s on a 3 year, $7.5M non-guaranteed deal from here out.

Long Snapper

Charley Hughlett (CLE, $1.4M)

Hughlett signed his 2nd contract extension in Cleveland this past October, but it holds no future guarantees. It’s a 4 year, $4.93M year to year deal from here out.

Michael GinnittiJanuary 09, 2023

Our NFL Offseason Series continues with analysis for each team’s notable free agents, projected financials, & a few extension or roster bubble candidates heading toward the offseason.

SPOTRAC'S OFFSEASON SERIES
AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR

Atlanta Falcons

2023 Cap Space: $56M
Rostered Players: 55
Draft Pick: #8

Atlanta held their own longer than most anticipated, but lacked depth defensively and faced a few notable injuries on the offensive side of the ball down the stretch. Will Desmond Ridder be given another full season to win the QB1 gig, or is this offseason and the #8 pick about upgrading the position?

Notable Free Agents

Extension Candidate

Chris Lindstrom (G, 26)
The top rated guard in all of football according to PFF heads toward a contract year, with a fully guaranteed $13.2M option salary in tow. He’s a $20.5M player in our system right now.

Matt Hennessy (C/G, 26)

With a young QB likely taking over the reins full time, the Falcons should be thinking long-term with an offensive lineman who can produce. Hennessy, Lindstrom, and free agent RT Kaleb McGary could all see massive contracts to be that brick wall in front of Atlanta’s next QB for the foreseeable future.

Bubble Candidate

Marcus Mariota (QB, 29)

Mariota held the fort down for a minute, but faced injury and a weakened roster down the stretch. His cap hit jumps from $4.25M to $14.5M, and if he’s no longer the QB1, Atlanta will certainly opt for the $12M to be saved here.

Cordarrelle Patterson (RB, 31)
He’ll be 32 come the start of the 2023 season, but he still holds value within this offense. Tyler Allgeier has deservedly taken a number of his attempts away from him, but there’s at least a change the Falcons take on the $4.25M to be saved with a Post 6/1 trade/release.

Carolina Panthers

2023 Cap Space: -$4.6M
Rostered Players: 45
Draft Pick: #9

The Falcons being directly in front of the Panthers in this draft poses a problem, but owner David Tepper hasn’t been shying about throwing money and assets around haphazardly to get what he wants. Restructures for DJ Moore, Taylor Moton, & Shaq Thompson will free up significant cap space for use this March.

Notable Free Agents

Extension Candidate

Brian Burns (DE, 25)

If the Panthers don’t find a solution to their lackluster offense, trading Burns for a boatload of picks could be a way for them to rebuild things on the fly. They chose not to do that at the deadline, so he’s a bonafide extension candidate heading into 2023. Statistically though, Burns has been a bit of a one-trick pony, posting outstanding sack numbers, but falling in quite a bit lower in areas of tackles, hurries, assists, etc…This tempers his mathematical calculation near $18M, though Maxx Crosby’s $23.5M has to be an early target.

Shaq Thompson (LB, 29)

Enters a contract year in 2023, set to earn $13.1M but with a $24.4M cap figure. He’s done enough to warrant another contract in Carolina, and doing so will put a little extra coin in his pocket, and drop that cap number significantly.

Derrick Brown (DT, 25)
The former #7 overall pick isn’t filling up the stat board, but he’s become a roadblock in the center of this Panthers’ defense. He became extension eligible for the first time this offseason, and D.J. Reader’s $13.25M deal in Cincinnati seems a likely target.

Bubble Candidate

Damien Wilson (LB, 29)
The Panthers actually have a bit of a surplus at the linebacker position, so picking up an extra $3.6M of cap space here makes sense.

New Orleans Saints

2023 Cap Space: -$53M
Rostered Players: 44
Draft Pick: #10, traded to PHI

This time last year they were $100M in the hole, so consider this a healthy offseason for New Orleans. On paper, this looks like a roster set for MAJOR overhaul in the coming months.

Notable Free Agents

Extension Candidate

Carl Granderson (DE, 26)
Filled in admirably for Marcus Davenport, and is set to earn $4M in 2023 ($4.1M cap hit). A long-term deal for Granderson wouldn’t even approach what Davenport is set to demand on the open market.

Bubble Candidate

Andrus Peat (G, 29)

Peat holds 2 years, $23M left on his deal, including an $18.3M cap hit in 2023. Designating him a Post 6/1 release can free up $11.8M.

Jameis Winston (QB, 29)

Winston couldn’t win the QB1 job back from Andy Dalton this year, putting his $15.6M cap hit on serious notice. $5.8M of his 2023 salary locks on March 17th, so this will be an early release, freeing up $4.4M ($12.8M if designated Post 6/1)

Michael Thomas (WR, 29)
The Saints already restructured his deal to prime it for release, handing him a near $1M signing bonus for his troubles. New Orleans will carry his contract until June 2nd, then free up $2.1M of cap with a release.

Tampa Bay Buccaneers

2023 Cap Space: -$43M
Rostered Players: 33
Draft Pick: TBD

This roster can look as bad as it can good at times, as witnessed across a wild 18 weeks in 2022. Their options going forward deserve an article of its own (coming soon), but for now let’s just say there’s major cap issues, and no current QB1.

Notable Free Agents

Extension Candidate

Tristan Wirfs (RT, 24)
The Buccaneers ebb and flow this season mirrored Wirfs’ time on the field. That usually translates to a pretty easy negotiation for an agent. When we calculate his production against the Top 4 highest average paid Right Tackles in football, our math spits out a $24.7M per year contract. That would make Wirfs that highest paid offensive lineman in history by $1.5M. Obviously that seems a little aggressive, but surpassing Ryan Ramczyk’s $19.2M seems a foregone conclusion.

Antoine Winfield Jr. (S, 25)
He’s entering a contract year in 2023, set to earn a non-guaranteed $1.6M. He projects to a 4 year, $57M extension in our system.

Mike Evans (WR, 29)
Evans will be entering a contract year in 2023, set to earn $14.5M ($23.7M cap hit). Tampa can lower that cap figure, keep his voided dead cap spread out, and lock in their WR1 for a few more seasons all in one fell swoop. He projects to a 4 year, $92M deal in our system.

Bubble Candidate

Devin White (LB, 24)
White’s $11.7M 5th-year option salary for 2023 is already fully guaranteed, but the Bucs have to at least attempt to move off of this contract. Including a draft pick or retaining some of the salary (or both) might be the best path forward here.

Cameron Brate (TE, 32)
Brate enters a contract year, set to earn a reasonable $4M ($4.9M cap hit). There’s only $2M to be saved here with an early release, but Tampa needs every dollar they can get now.

Michael GinnittiJanuary 09, 2023

Our NFL Offseason Series continues with analysis for each team’s notable free agents, projected financials, & a few extension or roster bubble candidates heading toward the offseason.

SPOTRAC'S OFFSEASON SERIES
AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR

Chicago Bears

2023 Cap Space: $115M
Rostered Players: 42
Draft Pick: #1

Despite showing signs of improvement, the Bears maneuvered themselves into the #1 overall pick next April. If Justin Fields is in their future, the time to start bulking up both of the trenches is now. $100M+ of cap space helps, but losing the #33 overall pick for Chase Claypool is a tough swallow in hindsight.

Notable Free Agents

Extension Candidate

Nodda at this time.

Bubble Candidate

Justin Jones (DT, 27)
Carries a $7.4M cap hit against just $2.5M of dead cap. Getting better on the D-Line is a priority this offseason.

Detroit Lions

2023 Cap Space: $18M
Rostered Players: 46
Draft Pick: #6 (from LAR), #18

Just missing the postseason will sting for a bit, but this is a team that smells blood in the NFC North, and rightfully so. With two major 1st round picks, and plenty of opportunities to restructure current deals and free up cap space, an all out offseason attack on defensive talent should already be in motion.

Notable Free Agents

Extension Candidate

Jamaal Williams (RB, 27)
There’s an obvious scheme fit here, especially in that Williams’ role has been reduced to maximize his abilities. The 27-year-old posted 450 more yards than he’s ever reached in a season, scoring an historic 17 TDs on the ground in 2022. This is one offensive player the Lions shouldn’t let walk away, even if it costs them around $5M per year.

Bubble Candidate

Michael Brockers (DT, 33)
Just hasn’t found the ability to get to the QB that he flashed in LA, and there’s a healthy $10M to be freed up by moving on.

Romeo Okwara (LB, 28)
He’s seen action in only 9 games over the past two seasons, and a release can clear at least $7.5M this offseason.

Green Bay Packers

2023 Cap Space: -$15M
Rostered Players: 54
Draft Pick: #15

Already in the red, the Packers will lose another $8.7M of cap space if Aaron Rodgers is traded or retires this offseason (though a situation where he remains until June 2nd for cap purposes could be worked out). Regardless, there’s going to be a good amount of change to this roster over the next few months.

Notable Free Agents

Extension Candidate

Rashan Gary (LB, 26)
He was on pace for a career year if not for a half-season missed due to a torn ACL. Combine that with a strong 2021, and it seems a lock that Gary will receive an offer at some point - though Green Bay may want to see him return to full health first. He holds a fully guaranteed $10.8M 5th year option for 2023.

Bubble Candidate

Aaron Jones (RB, 29)
There’s still juice left in this tank, but with AJ Dillon heading for an expiring contract after 2023, and Jones set to account for north of $20M next season, there’s a chance the Packers look to move on. They can free up $10.4M with an early trade/release here.

David Bakhtiari (LT, 32)
It’s never easy to give up on an All-Pro caliber left tackle in this game, but Bakhtiari’s availability has become too much of a liability for this franchise. A Pre 6/1 release frees up nearly $6M, while a Post 6/1 designation will open up over $17M later in the year.

Minnesota Vikings

2023 Cap Space: -$8M
Rostered Players: 44
Draft Pick: TBD

Things are about to get expensive for the 18th highest ranked spending team in 2022, as Justin Jefferson becomes extension eligible, and Kirk Cousins likely played himself into another extension this offseason. With the Packers sliding back to earth a bit, this is no time for Minnesota to take their foot off of the pedal.

Notable Free Agents

Extension Candidate

Justin Jefferson (WR, 24)
It’s time. Jefferson amassed 324 catches, 4,825 yards, and 25 TDs in 3 seasons, and is set for one hell of a payday this offseason. He projects to a 4 year, $107M extension in our system currently.

Bubble Candidate

Adam Thielen (WR, 33)
Thielen caught 70 balls in 2022 and still showed plenty of value as a secondary option in the Vikings’ offense, but it might just be time to get younger and cheaper here. His $12M salary fully guarantees on March 17th, so an early decision needs to be made. Moving on clears $6.4M next season.

Michael GinnittiJanuary 09, 2023

Our NFL Offseason series continues with analysis for each team’s notable free agents, projected financials, & a few extension or roster bubble candidates heading toward the offseason.

SPOTRAC'S OFFSEASON SERIES
AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR

Baltimore Ravens

2023 Cap Space: $40M
Rostered Players: 41
Draft Pick: TBD

$48M of cap space doesn’t look so great when you factor in a $45M exclusive franchise tag for Lamar Jackson. His status remains the single offseason story for this franchise, until it isn’t.

Notable Free Agents

Extension Candidate

Lamar Jackson (QB, 26)
Will this finally be the offseason that a multi-year extension gets done? Is Lamar still seeking a fully guaranteed contract? Do the two sides even want to continue this relationship any further? All valid questions right now, but assuming all is well and money is money, Lamar projects to a 6 year, $245M extension in our system.

Kevin Zeitler (G, 33)
Zeitler will be entering a contract year in 2023, set to earn $6.5M on a $9.4M cap hit. A 2-year tack on at around $10M per year seems prudent.

Bubble Candidate

Chuck Clark (S, 27)
Still a strong player (especially against the run), but youngster Kyle Hamilton should be ready to take over here, and the Ravens can free up $3.64M of cap by moving on.

Cincinnati Bengals

2023 Cap Space: $48M
Rostered Players: 41
Draft Pick: TBD

Joe Burrow & Tee Higgins become extension eligible this offseason and 3/4ths of the starting secondary is slated for unrestricted free agency.

Notable Free Agents

Extension Candidate

Joe Burrow (QB, 26)
Burrow is now extension eligible for the first time in his career, despite 1 year, $5.5M + a 5th year option still remaining on his rookie deal. He projects to a 6 year, $244M contract in our system, but a sniff at another Super Bowl could leave $44M per year in the dust.

Tee Higgins (WR, 24)
Higgins enters a contract season in 2023, set to earn a non-guaranteed $1.8M. Despite being the clear 2nd option in this passing game, he’s found his way to a $20M projection in our system.

Bubble Candidate

Tyler Boyd (WR, 29)
Higgins’ payday may mean an early exit for Tyler Boyd, who slipped a little bit more down the depth chart in 2022. The $8.9M to be saved by moving on will certainly come in handy elsewhere, but he’s been a valuable member of this offense for 7 seasons.

Cleveland Browns

2023 Cap Space: -$9M
Rostered Players: 54
Draft Pick: #12 traded to HOU

Changes are coming to this roster (and coaching staff), but a full offseason/season for Deshaun Watson should settle the offense down a bit next season. The defense disappointed in 2022 and could be picked apart this March.

Notable Free Agents

Extension Candidate

Amari Cooper (WR, 29)
Cooper did was he was brought in to do - establish himself as the true #1 passing game option week in and out. He’s not a top-tier WR anymore, and his pay should reflect that, but Cleveland can tack on a few years to his 2 year, $40M remaining, while also significantly lowering his $23M cap figure for 2023. 

Bubble Candidate

John Johnson (S, 28)
He’s still filling up the stat sheet with tackles and an occasional turnover, but this Browns secondary greatly disappointed in 2022, so a shakeup of some fashion seems imminent. Johnson will need to be designated a Post 6/1 release before March 17th to free up $9.75M of cap. 

Pittsburgh Steelers

2023 Cap Space: $0M
Rostered Players: 52
Draft Pick: #17

The Steelers flat out over achieved this season, and were a few bounces away from earning a postseason berth at the last minute. Kenny Pickett probably did enough to get a full look in 2023, giving Pittsburgh the freedom to continue pumping capital into the offensive line and into the middle of their defense.

Notable Free Agents

Extension Candidate

Alex Highsmith (LB, 26)
More than doubled his previous career production in 2022, compiling 12 sacks, 55 tackles, and 5 forced fumbles in 16 games. He enters a contract year in 2023, set to earn a non-guaranteed $1M in the final season of his rookie contract. He projects to a 4 year, $55M contract in our system.

Bubble Candidate

William Jackson (CB, 31)
Acquired from Washington at the deadline, Jackson hit the IR before the Steelers could get a sense of his fit in their system. His $12.75M salary for 2023 is probably too rich for a ‘maybe’ situation, and Pittsburgh can free up every dollar for cap purposes by moving on.

Mitchell Trubisky (QB, 28)
With Pickett cost-controlled, Trubisky’s $8M salary ($10.6M cap hit) might not be too much of an overpay, but it’s still likely that Pittsburgh releases him out of this deal, frees up the $8M of cap, and then works to resign him to a more prudent backup contract if they desire.

Michael GinnittiJanuary 09, 2023

Our NFL Offseason Series continues with analysis for each team’s notable free agents, projected financials, & a few extension or roster bubble candidates heading toward the offseason.

SPOTRAC'S OFFSEASON SERIES
AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR

Houston Texans

2023 Cap Space: $39M
Rostered Players: 48
Draft Pick: #2, #12 from CLE

If the Texans are lept in this April’s draft by a team who takes the QB they should have taken, the Week 18 win against the Colts will haunt this franchise for years to come. There’s a lot of work to be done on this roster, and this still might be a year of subtracting (Cooks) before adding too much.

Notable Free Agents

Extension Candidate

Tytus Howard (RT, 27)
Set to play on a fully guaranteed $13.2M 5th-year option salary in 2023, Howard has played well enough to warrant a multi-year extension. Bolstering the O-Line should be a priority with a shiny new QB coming to town soon.

Bubble Candidate

Brandin Cooks (WR, 30)
He’s already started saying his goodbyes, despite signing a 2 year, $40M extension 9 months ago. Cooks will demand a trade out of town this March, leaving behind $16.2M of dead cap to the Texans (saving $10M). He’ll bring a 2 year, $35M contract, including $18M fully guaranteed in 2023, with him to a new franchise.

Indianapolis Colts

2023 Cap Space: $19M
Rostered Players: 54
Draft Pick: #4

The Colts have a chance to package together a trade that can send them to #1, taking away the top QB in the draft from division foe Houston. Indy should be seeking out pass rushers, interior offensive linemen, and more than a few offensive weapons this offseason.

Notable Free Agents

Extension Candidate

Jonathan Taylor (RB, 24)
No, it wasn’t neary the season we saw from Taylor in 2020 or 2021, but injury, coaching changes, QB changes, etc… all factored into a weird offensive season for this entire franchise. The bottom line is, this team is better with Taylor on it, and he enters a contract year in 2023, set to earn a non guaranteed $1.6M. Nick Chubb’s $12.2M per year deal is the floor.

Isaiah Rodgers (DB, 25)
He’s given snaps at both safety and cornerback across 3 seasons and enters a contract year in 2023, set to earn a non-guaranteed $1M. Locking in a versatile defensive back early rarely hurts teams.

Bubble Candidate

Kenny Moore (CB, 28)
We’d characterize this release “unlikely” right now, but a new coaching staff might look at the $7.4M of cap and cash to be saved differently. Stephon Gilmore’s $12M+ should also be in consideration, but he played extremely well across 2022.

Nick Foles (QB, 34)
$1.5M of Foles’ 2023 salary is fully guaranteed, which signals he’ll stick around as a backup next season - but Matt Ryan has $12M fully guaranteed. If the Colts draft a new QB this offseason, something is likely to give here.

Jacksonville Jaguars

2023 Cap Space: -$20M
Rostered Players: 41
Draft Pick: TBD

After a big offseason of spending, and a proven coach hire, 2022 probably went exactly as the front office hoped and planned. Now it’s about finding those last few puzzle pieces to take them into true AFC contention. Calvin Ridley is a good start, but a versatile safety and more help on the interior of the offensive line should be priority as well.

Notable Free Agents

Extension Candidate

Josh Allen (LB, 26)

Allen enters a contract year in 2023, set to play out a fully guaranteed $10.8M 5th-year option salary. He’s posted back to back 7+ sack seasons, adding 4 forced fumbles into the mix in 2022. Matt Judon’s 4 year, $55M deal in New England is a solid floor here.

Bubble Candidate

Shaquill Griffin (CB, 28)

Still a solid player, but a back injury has him out indefinitely. It’s something to watch, as $4.5M of his 2023 salary is guaranteed for injury, becoming fully guaranteed on March 17th. If he passes a physical and the Jags move on, there’s $13.5M to be freed up.

Tennessee Titans

2023 Cap Space: -$24M
Rostered Players: 51
Draft Pick: 11th

Tennessee spent the 12th most cash in football this year and is currently set to be 9th in 2023. Are they too pot committed to rip this band-aid off, even if the play on the field suggests they should? Unless something falls into their lap, Ryan Tannehill is probably the Week 1 QB for this organization.

Notable Free Agents

Extension Candidate

Jeffery Simmons (DL, 26)
Holds a fully guaranteed $10.7M 5th-year option salary in 2023, and should be the next defensive player to cash in big. He’s had back to back identical seasons for the Titans, but lacks the bigtime numbers that might put him in the Myles Garrett/Aaron Donald world financially. He projects to a 4 year, $86M extension in our system.

Derrick Henry (RB, 29)
Who says running backs can’t play after age 27? Henry compiled 1,936 yards from scrimmage this season. While his 6 fumbles are alarming, it seems inconceivable that Tennessee would even consider moving on right now, in which case his $16M+ cap hit for 2023 needs to be addressed. The Titans can process a simple salary conversation to lower the hit - or tack on a few seasons and restructure the contract altogether.

Bubble Candidate

Ryan Tannehill (QB, 35)

We’re required to put him here as his play has declined, and his $36.6M cap hit for 2023 isn’t healthy. The Titans can free up $17.8M of cap with an early release ($27M if Post 6/1), but if the plan is to win ball games in 2023, this won’t happen until they know they have a better option on the roster.

 

Taylor Lewan (OT, 32)

This one seems inevitable as the former #11 overall pick enters a contract year in 2023, and his entire $14.8M cap hit can be cleared via release.

 

Robert Woods (WR, 30)

Woods has a non-guaranteed 3 year, $47M remaining on his contract, so his stability is going to be limited from here out. His production aligns more with a WR3 than it does a $15M+ receiver right now, and the Titans can clear $12M with an early trade or release.

Michael GinnittiJanuary 03, 2023

As the 2023 NFL offseason closes in, Spotrac's Positional Breakdown series continues with a deep dive into the financial statuses of each team's running back position, including rostered players, remaining term & guarantees, and stability at the starting & backup roles.

RELATED: QB ANALYSIS

 

Arizona Cardinals

Status: Seeking a Wing Man

2023 Top 51 Cap Space: $20M

James Conner will enter year 2 of a 3 year $21M deal signed last March. His $5.75M salary for 2023 is already fully guaranteed, and his $7.75M of base pay could be restructured in order to reduce a sizable $10M cap number.

The depth behind him remains at large, as 2022 6th round pick Keaontay Ingram (3 years $2.9M non-guaranteed) projects as the 2023 RB2 currently. There’s an add to be made here.

 

Atlanta Falcons

Status: Run it Back?

2023 Top 51 Cap Space: $69M

Cordarrelle Patterson will soon be 32 years old, and his cap hit for 2023 ($5.5M) more than doubles its current state ($2.5M). There’s at least $1.75M of cap to free up here, but keeping the veteran in tow with what is assumed to be a rookie QB probably makes good sense.

2022 5th round pick Tyler Allgeier (3 years, $2.9M non-guaranteed) has already earned top-billing snaps, and projects to be the 2023 starter right now, barring a free agent signing. The Falcons have plenty of other holes to fill before the RB position should be addressed.

Baltimore Ravens

Status: Seeking Durability.

2023 Top 51 Cap Space: $43M

JK Dobbins will enter a contract year in 2023, set to play out a non-guaranteed $1.4M salary next season. The former #55 overall selection has missed more time than not, making him a strong candidate to be replaced in 2024. Will that happen this March?

27-year-old Gus Edwards has seen as much (or little) action as Dobbins over the past two seasons, and will enter 2023 on a non-guaranteed $5.6M cap hit. Baltimore likely takes the $4.3M to be saved by moving on next March.

Buffalo Bills

Status: Next Man Up

2023 Top 51 Cap Space: -$3.5M

2022 2nd rounder James Cook has already started to garner more attention in the Bills’ offense, and, with Devin Singletary slated for free agency, it stands to reason that he’ll be handed the keys to the show in 2023. Cook’s rookie deal holds 3 years, $3.7M remaining, including a fully guaranteed $970k salary next season.

Behind him, former Colts weapon Nyheim Hines (acquired at the trade deadline), brings a 2 year, $10.2M non-guaranteed contract with him to the offseason, including cap hits of $4.8M & $5.4M respectively. Buffalo can clear it all with a trade or release this spring.


Devin Singletary projects to a deal around $5.5M per year in our system.

Carolina Panthers

Status: Reinstate the Foreman

2023 Top 51 Cap Space: $1.75M

Carolina didn’t miss a beat after trading Christian McCaffrey out west, with D'Onta Foreman & Chuba Hubbard combining for big production down the stretch. Foreman is a pending free agent, currently carrying a $3.5M valuation in our system, and should be strongly considered as a sign back for the Panthers.

Hubbard’s rookie deal contains 2 years, $1.9M remaining, none of it guaranteed.

Chicago Bears

Status: Back Before Forward

2023 Top 51 Cap Space: $119M

25-year-old David Montgomery is a pending unrestricted free agent this March, projecting to a 3 year, $21M deal in our system. It stands to reason that Khalil Herbert (2 years, $1.9M non-guaranteed) is already on the roster.

2022 6th rounder Trestan Ebner (3 years, $2.9M non-guaranteed) could be inline for a bigger role next season, but the Bears need to develop both of their trenches before sinking significant capital into more offensive weapons, so don’t be surprised if a low cost veteran or two are added to the mix here as a hold over plan.

Oh and by the way, the guy taking the snaps is a 1,000 yard rusher himself.

 

Cincinnati Bengals

Status: Possible Shake Up?

2023 Top 51 Cap Space: $48.8M

Joe Mixon was utilized out of the backfield more than ever in 2022, a good way to extend your shelf life as an NFL running back. The 26-year-old holds 2 years, $20.4M non-guaranteed left on his contract, including cap hits of $12.8M & $13.1M respectively. Cincy likely converts some of his $9.4M base salary into bonus to free up cap space, but Mixon should be locked in for the 2023 season either way.

RB2 Samaje Perine did more than enough to warrant a free agent contract, projecting to $3M per year on the open market, while 2021 6th rounder Chris Evans brings a 2 year, $2.9M non-guaranteed deal into the offseason.

 

Cleveland Browns

Status: Chubb Complements

2023 Top 51 Cap Space: -$5.8M

$2.8M of Nick Chubb’s $10.85M salary for 2023 is already fully guaranteed. He’s also very good. A slight restructure on his $14.85M cap figure is probably in the cards, but lock him into RB1 for another season in Cleveland.

Pending free agent Kareem Hunt saw his role drastically reduced in 2022, which could dampen his value on the open market. There’s a world where he’s still a $5M weapon in the right offense, and another where he’s $1.75M Boston Scott as the 3rd option somewhere else.

RB3 D’Ernest Johnson is also a pending free agent, likely headed for another at or near minimum salary.

 

Dallas Cowboys

Status: Change of the Guard

2023 Top 51 Cap Space: $6.5M

Ezekiel Elliott’s mega deal still contains 4 years, $52.9M left on it - but none of it comes with an early guarantee. Dallas can free up at least $4.8M to move on from Zeke this March ($10.9M with a Post 6/1 designation). For 31 other franchises, this would be a slam dunk cap casualty, but Jerry Jones loves to keep his bands together.

Tony Pollard has done more than enough to warrant an RB1 role in this league, and is set for unrestricted free agency this March. He projects to a 3 year, $25M deal in our system. Will Zeke’s release make way for a new Pollard contract in Dallas?

 

Denver Broncos

Status: Wide Open

2023 Top 51 Cap Space: $13.3M

Javonte Williams will be recovering from a torn ACL this winter, but still pencils in as the 2023 RB1, with 2 years, $3.3M non-guaranteed remaining on his rookie contract.

Chase Edmonds, acquired at the deadline from Miami carries a non-guaranteed $6M cap figure in 2023, and is a slam dunk release candidate. There are at least 2 RB holes to fill this offseason.

Detroit Lions

Status: Double Extensions?

2023 Top 51 Cap Space: $28.5M

D'Andre Swift will be entering a contract year in 2023, set to earn a non-guaranteed $1.7M. The 23 year old has missed a few games in each of his first 3 seasons, but still projects to a 4 year, $26M contract in our system.

Behind him (barely) Jamaal Williams is headed back to unrestricted free agency, with 1,000 yards from scrimmage and 14 TDs under his belt. He’d be headed for solid pay day if he weren’t a few months away from 28 years of age. He still gets a $4M valuation in our system for his efforts.

Green Bay Packers

Status: 1 and Done?

2023 Top 51 Cap Space: -$9.4M

Aaron Jones just turned 28 last month, and none of 2 years, $28M remaining on his contract is currently guaranteed, but it’s hard to imagine the Packers punting on another weapon this March. His $20M cap hit for 2023 is a problem, but restructuring a $7M March roster bonus can ease that cost.

A.J. Dillon continues to put up consistently above average production as the RB1b in Green Bay, and he’ll enter a contract year in 2023 (non-guaranteed $1.3M). The yards per carry have gradually diminished a bit since he entered the league, but so has the Green Bay offense around him. It’ll be interesting to follow how the Packers handle their two backfield options over the next 18 months.

 

Houston Texans

Status: Value Plays

2023 Top 51 Cap Space: $47M

2022 4th round pick Dameon Pierce seems to be the next value hit at the running back position, with 3 years, $2.9M remaining on his rookie deal.

Behind him, Dare Ogunbowale carries a $1.55M cap hit for 2023, with $1.4M that could be freed up as needed. Veteran Rex Burkhead is slated for unrestricted free agency.

 

Indianapolis Colts

Status: Taylor’s Team.

2023 Top 51 Cap Space: $27M

Jonathan Taylor’s 2022 was limited to just 11 games due to an ankle injury, and his yards per attempt dropped from 5.5 to 4.5 as well. Taylor becomes extension eligible this winter (projecting to a $13M per year deal), and as the lone bright spot on the offensive side of the ball, is now in the Christian McCaffrey/Panthers zone.

Zack Moss, acquired from Buffalo at the trade deadline, holds a non-guaranteed $1.1M salary in the final year of his rookie deal, 

 

Jacksonville Jaguars

Status: Extension Year for Etienne.

2023 Top 51 Cap Space: -$18M

Travis Etienne’s rookie deal holds 2 years, $4.2M (guaranteed) + a 5th year option in 2025. He’ll become extension eligible for the first time after 2023.

Behind him, JaMycal Hasty is headed for restricted free agency, and with the Jags in cap trouble, could be considered a non-tender candidate. 2022 5th round pick Snoop Conner holds 3 years, $2.9M non-guaranteed remaining on his rookie deal.

 

Kansas City Chiefs

Status: Moving on from CEH

2023 Top 51 Cap Space: $18M

Isiah Pacheco, the #251 pick in this past draft, posted nearly 1,000 yards from scrimmage in his first campaign, and is the early favorite to snag the majority of 2023 snaps in KC. His 3 year, $2.9M non-guaranteed contract offers major upside value.

The Chiefs will need to decide on Clyde Edwards-Helaire’s 2024 option this coming May, and early signs point to a decline in that regard. His rookie contract holds a fully guaranteed $2M next season, and he enters the offseason as a potential trade candidate. Nearly 31 year old Jerick McKinnon was a viable weapon out of the backfield, and has to be considered for another contract this March. 

 

Las Vegas Raiders

Status: Jacobs’ About Face.

2023 Top 51 Cap Space: $33M

Nobody - not even the Raiders - saw this explosive season coming from Josh Jacobs, who’s going to win a rushing title in a contract year. He’s a franchise tag candidate (estimated $10M), and currently projects to a 4 year, $51M extension in our system.

33-year-old Brandon Bolden holds a $2.88M cap hit in 2023, $2.2M of which can be freed up in a release, while 2022 4th round pick Zamir White bring a non-guaranteed 3 year, $2.9M rookie contract into 2023.

Los Angeles Chargers

Status: Ekeler Still King. 

2023 Top 51 Cap Space: -$9.5M

Austin Ekeler remains a dominant versatile force in the league and will enter a contract year in 2023, set to earn a non guaranteed $5.75M. The Chargers have a few other mouths to feed (including QB1) this offseason, but a restructured extension for Ekeler, who will turn 28 next season, isn’t out of the question. He projects to a 3 year, $38M deal in our system.

Behind him, former 4th rounder Josh Kelley is entering the final year of his rookie contract, set to earn a non-guaranteed $1M, while 2022 4th round pick Isaiah Spiller brings a 3 year, $2.9M non-guaranteed rookie deal into 2023.

 

Los Angeles Rams

Status: Green Akers?

2023 Top 51 Cap Space: -$2.6M

The once exiled Cam Akers found new life the finish off 2022, and now seems a sure bet to play out the final year of his rookie deal (non-guaranteed $1.4M), for the Rams next season.

2022 5th round pick Kyren Williams brings a non-guaranteed 3 year, $2.9M rookie deal into 2023, and should vie for the backup spot next season. There’s a weapon or two to be added here next March.

 

Miami Dolphins

Status: Crickets.

2023 Top 51 Cap Space: -$6.9M

Raheem Mostert posted another 1,000+ yards from scrimmage campaign in 2022 and is slated for unrestricted free agency this March. The almost 31 year old is probably in the market for a deal around the $2.25M mark he cashed this season.

Jeff Wilson faced injuries and limited snaps when he was acquired from SF at the deadline, and he too will take his talents to the open market this spring. Will the Dolphins view the 27 year old as the better option going forward?

Salvon Ahmed, set for restricted free agency, is the only Dolphins running back under control for 2023.

Minnesota Vikings

Status: Still Cooking.

2023 Top 51 Cap Space: -$7M

Dalvin Cook will enter Year 4 of a 6 year contract in Minnesota, with cap figures of $14.1M, $15.6M, & $13.5M to go respectively. The 27 year old has surpassed the 1,300 yards from scrimmage mark for the 4th straight season, finding the end zone 10+ times again as well. A simple base salary restructure can free up over $7.4M of cap space for the Vikings next season.

His RB2 for four seasons, Alexander Mattison, is now set for unrestricted free agency, holding a $2.25M valuation for his efforts thus far. There’s a world where a team views the 24 year old in a much bigger role.

2021 4th round pick Kene Nwangwu holds a non-guaranteed 2 year, $2M contract and should slide into the backup role next season.

New England Patriots

Status: Rhamondre’s Day.

2023 Top 51 Cap Space: $49M

Rhamondre Stevenson took the reins this season and his non-guaranteed 2 year, $2M remaining contract carries massive value potential. He’ll become extension eligible after 2023, but that doesn’t sound like the Patriots.

Damien Harris has shown true RB1 flashes in his 4 seasons with the Patriots, but he’ll head to the open market with red flags attached to him. Mathematically there’s a world where James Conner’s 3 year, $21M contract can be had, but with supply superseding demand this spring, his final price point likely comes in around half that.

2022 4th rounder Pierre Strong appears to have the goods to slot into the RB2 role going forward, holding a non-guaranteed 3 year, $2.9M contract going forward.

 

New Orleans Saints

Status: Kamara Getting Pricey

2023 Top 51 Cap Space: -$57M

Alvin Kamara will enter Year 4 of a 6 year contract in New Orleans, carrying cap hits of $16M, $16.9M, $27M respectively. $5M of his 2023 compensation is already fully guaranteed - but a potential suspension for an off-field issue could void those in the coming weeks. Assuming he sticks around, a full salary restructure can free up over $7.4M of cap space for the Saints in 2023.

Behind him, Eno Benjamin brings a non-guaranteed 1 year, $1M salary salary into 2023, while 33 year old Mark Ingram is once again headed for free agency.

New York Giants

Status: Tag, Sign, or Walk?

2023 Top 51 Cap Space: $56M

Saquon Barkley finally gave us that 1,500+ yards, 10+ TD season we’ve been craving since his rookie campaign back in 2018, putting himself in prime position to cash in this spring. The question of course is - how, and where? A $10M franchise tag isn’t out of the question, but that designation might need to be reserved for QB Daniel Jones this February. On a multi-year level, Barkley now projects to a 4 year, $50M extension.

Almost 28-year-old Matt Breida is heading back to the open market, while 2021 6th round pick Gary Brightwell will bring a 2 year, $2M non-guaranteed deal into the mix next season. For a lot of reasons, the Giants are a team to watch this spring.

 

New York Jets

Status: A Rare Surplus

2023 Top 51 Cap Space: $15.9M

Breece Hall was on his way to a monster inaugural season before an ACL injury torpedoed his season. His 3 year, $4.6M remaining contract ($2.6M guaranteed) should be outstanding value for the up and coming Jets roster

2021 4th round pick Michael Carter (2 years, $1.9M) held his own in a reserve role, while Zonovan Knight (1 year, $870k) showed plenty of potential in a limited sample size.

With James Robinson, acquired at the deadline from Jacksonville, slated for restricted free agency this spring, do the Jets actually have too many horses in the barn for 2023?

 

Philadelphia Eagles

Status: Potential Budget Cuts

2023 Top 51 Cap Space: $10.5M

Both Miles Sanders & Boston Scott are slated for unrestricted free agency next March, leaving Kenneth Gainwell (2 years, $1.9M), & Trey Sermon (2 years, $2.4M). Sanders put together his best rushing season by a mile, though his work as a receiver out of the backfield dipped a bit.

The Eagles have plenty of defensive holes to fill and a likely historic extension for Jalen Hurts to consider this spring. Will they be forced to go cheap at the RB position in 2023?

Pittsburgh Steelers

Status: All Good.

2023 Top 51 Cap Space: $13M

Najee Harris’ sophomore campaign won’t quite match the outstanding rookie season he posted, but he’s done plenty to supplant himself as one of the best young backs in the league. His rookie contract contains 2 years, $4.2M fully guaranteed plus an option in 2025, and he doesn’t become extension eligible until after the 2023 season.

UDFA Jaylen Warren stole the RB2 role away from other options this season and could be huge value for the Steelers with 2 years, $1.8M + restricted free agency in front of him still. Benny Snell Jr. is slated for unrestricted free agency this March.


San Francisco 49ers

Status: Worth It.

2023 Top 51 Cap Space: $14.8M

Christian McCaffrey was the big move at the trade deadline - and he hasn’t disappointed one bit. None of the $36M remaining over the final three seasons of his contract is fully guaranteed, so the Niners can operate as needed going forward. A simple base salary restructure + two void years can free up $8.5M of cap space in 2023 if necessary. McCaffrey’s role further amplifies with uncertainty at the QB position staring SF in the face.

Elijah Mitchell missed the majority of 2022 with an MCL sprain, but should bring excellent value in a complementary role to CMC with 2 years, $1.9M non-guaranteed remaining on his rookie contract. While UDFA Jordan Mason has shown well in a limited sample set, averaging 6.6 yards per attempt thus far.

Seattle Seahawks

Status: Keep Ken Healthy

2023 Top 51 Cap Space: $49.4M

If he can stay healthy, Kenneth Walker III will remain a huge focal point in the Seahawks’ offense. His rookie deal contains 3 years, $4.2M ($2M guaranteed) through 2025.

Behind him, DeeJay Dallas (1 year, $1M) remains the only other back signed into 2023, while Rashaad Penny & Travis Homer are slated for unrestricted free agency.


Signing a vet for depth and injury protection purposes seems relevant here.

Tampa Bay Buccaneers

Status: Potential Buyout?

2023 Top 51 Cap Space: -$43M

Leonard Fournette signed a $21M contract last March that fully guaranteed $2M of his 2023 salary. Another $2M is set to lock in on March 19th, all but securing the 28 year old for next season. If the Bucs really want to move on, they can take on a $5M dead cap ($2M cash) and release him prior to March 19th, freeing up $3.5M of cap space. Otherwise, a full base salary restructure can free up $4.3M of cap space for the Bucs for 2023.

Behind (aside) him, 2022 3rd round pick Rachaad White put up formidable numbers in his rookie campaign, and likely finds more touches next season. His rookie deal contains 3 years, $3.5M non-guaranteed through 2025. 2020 3rd rounder Ke'Shawn Vaughn barely found the field in 2022, putting his $1.46M cap hit ($1.2M to be saved) on heavy notice.

Tennessee Titans

Status: Long Live the King

2023 Top 51 Cap Space: -$17.5M

28 year old Derrick Henry damn near posted 2,000 yards from scrimmage again, and he found the end zone as much as ever. A career high in fumbles is certainly worrisome, and a $16.3M cap hit for 2023 is definitely a problem, but it seems extremely likely that Henry is back in Tennessee next season in some capacity. A simple base salary restructure + 4 void years can free up $7.5M of cap space for the Titans - who may go one step further and just lock in their workhorse to a new contract altogether.

2022 4th rounder Hassan Haskins (3 years, $2.9M non-guaranteed), & Julius Chestnut (1 year, $870k) could figure into the mix next season, while veterans Dontrell Hilliard & Trenton Cannon are slated for unrestricted free agency.

 

Washington Commanders

Status: Multiple Changes?

2023 Top 51 Cap Space: $19.4M

Brian Robinson (3 years, $3.5M non-guaranteed), Antonio Gibson (1 year, $1.2M non-guaranteed) & J.D. McKissic (1 year, $2.75M non-guaranteed) are all under contract for 2023, but the Commanders should be looking for more production out of this position going forward. Finding a trade partner for Gibson probably makes the most sense, while a $250,000 roster bonus for McKissic due March 19th could mean an early decision is made there as well.

Michael GinnittiDecember 28, 2022

Russell Wilson’s splashdown in Denver went about as poorly as possible, forcing many to ask the question - what now?

DISCLAIMER: The only correct answer to this question is, hire a new coach, and ride this thing out for a few more years. However, for the sake of answering all of the possible questions - we’ll entertain all options below.

The Basics

Wilson’s contract contains 6 years, $239M remaining. As of today, $67M of that cash is fully guaranteed, with another $40M of bonus proration bringing us to a real-time dead cap total of $107M. Wilson’s cap figure for 2023 is currently set at $22M (less than 10% of a projected $225M league salary cap).

(Again, this is all for hypothetical purposes only. Wilson will 100% be back in Denver next season with hopes that a new coaching staff can be the magic wand to immediately fix everything)

A March 2023 Release

$25M of base salary accelerates, $42M of unexercised option bonus accelerates, $40M of signing bonus proration accelerates.
2023 Dead Cap Hit: $107M ($67M of which is straight cash)

A Post June 1st Release

$25M of base salary accelerates, $22M of future unexercised option bonus accelerates, $60M of bonus proration is split between 2023/2024. They’d still owe him $67M cash, but the 2023 option bonus would have been exercised, allowing it to prorate for cap purposes.
Dead Cap Hits
2023: $61M
2024: $46M

A March 2023 Trade

Denver takes on $40M of 2023 dead cap if they trade Wilson before his $20M option bonus is exercised.

A new (crazy) team would acquire cap hits of:
2023: $12M
2024: $25.4M
2025: $45.4M
2026: $48.4M
2027: $53.4M
2028: $54.4M

Or cash payouts of:
2023: $28M (guaranteed)
2024: $39M (guaranteed)
2025: $37M (guarantees in 2024)
2026: $40M
2027: $45M
2028: $50M

An Early March 2024 Release

$39M of base salary + $46M of bonus proration.
2024 Dead Cap Hit: $85M ($39M cash)

A Post June 1st Designation Release in 2024

$39M of base salary + $14M of bonus proration in 2024, $32M of 2025 bonus proration.
Dead Cap Hits
2024: $53M ($39M cash)
2025: $32M

A March 2024 Trade

Denver takes on $46M of 2023 dead cap if they trade Wilson before his $22M option bonus is exercised.

A new team would acquire cap hits of:
2024: $21.4M
2025: $41.4M
2026: $44.4M
2027: $49.4M
2028: $54.4M

Or cash payouts of:
2024: $39M (guaranteed)
2025: $37M (guarantees in 2024)
2026: $40M
2027: $45M
2028: $50M

Our Current Stance

This is a non-conversation. It’s possible we get to March 2025, and things are still as bad as they are today, and the Broncos convince the owner to pay him $37M cash to go away - but even then, even three Marches from now, we’re talking about $86.6M of dead cap.

A Post June 1st release in 2025 would mean dead cap hits of $55.4M in 2025, and another $31.2M in 2026.

The cleaner solution - the way this contract was actually meant to exist - is that the Broncos move on after the 2025 season, taking on a $31.2M dead cap hit, saving $27.2M of space, and continuing on with their lives.

If that feels like forever from now - it’s because it is.

Michael GinnittiDecember 27, 2022

As the 2023 NFL offseason closes in, Spotrac's Positional Breakdown series kicks off with a deep dive into the financial statuses of each team's quarterback position, including rostered players, remaining term & guarantees, and stability at the starting & backup roles.

RELATED: RB ANALYSIS

Arizona Cardinals

Status: Money Locked.

2023 Top 51 Cap Space: $22.7M

The GM who was extended prior to extending the QB this past summer is now likely to be fired. That’s about all you need to know as to how the quarterback situation is simmering in Arizona. Kyler Murray’s deal holds 6 years, $235M remaining on it, with 5 years, $189M all but fully guaranteed.

Colt McCoy remains under contract for 2023 on a 1 year, $3.75M ($5M cap hit) deal. If Murray’s ACL recovery carries into next fall, look for a slight redo on this contract to include performance bonuses to better reflect his temporary QB1 role.

Atlanta Falcons

Status: Wide Open.

2023 Top 51 Cap Space: $69M

Marcus Mariota’s tenure in Atlanta certainly feels over (left team + knee surgery). $12M of his $14.5M cap hit for 2023 can come off the books per a trade or release.

Desmond Ridder’s 3 year, $3.5M remaining rookie contract (non-guaranteed) will certainly keep him in the mix to compete for the 2023 job, though it certainly stands to reason that the Falcons will bring another option onto the roster in some capacity next spring.

Baltimore Ravens

Status: Big Payday or Big Trade.

2023 Top 51 Cap Space: $44M

Lamar Jackson has been Lamar Jackson this year, despite the annual tradition that is a lack of wide receiver talent + a slew of injuries across the Ravens’ roster. Jackson’s rookie contract will expire this winter, putting him in line for a franchise tag this coming February, almost certainly of the exclusive variety. This exclusive tag for QBs currently projects to cost north of $45M, and eliminates the possibility for other teams to negotiate with Jackson during his tagged window. He projects to a 6 year, $246M extension in our system currently, though anything short of Kyler Murray’s $189M guaranteed wouldn’t seem appropriate.

The Ravens don’t currently have a QB under contract for 2023.

Buffalo Bills

Status: Happily Locked In.

2023 Top 51 Cap Space: -$3.5M

Josh Allen’s deal carries 6 years, $217.5M through 2028 with early guarantees built in through the 2025 season. His $39.7M cap hit for 2023 4th in the league, and probably gets restructured in the coming months, despite GM Brandon Beane’s reluctance to do so in many cases. Buffalo can free up over $21M with a full base salary restructure to Allen.

Allen is the only QB currently under contract in Buffalo for the 2023 campaign, as Case Keenum becomes an unrestricted free agent next March. A reunion there seems good for both parties.

Carolina Panthers

Status: Desperate & Looking.

2023 Top 51 Cap Space: $1.9M

Three quarterbacks (Baker Mayfield, Sam Darnold, P.J. Walker) split snaps for the Panthers in 2022. None of them are under contract in Carolina next year. Matt Corral (3 years, $3.5M non-guaranteed) will enter 2023 as the lone QB under contract in Carolina as he recovers from a Lisfranc injury.

It’s plausible that Sam Darnold has earned himself a small extension to compete for the 2023 job, while a Top 10 draft pick will also be in play here. Despite a lack of rostered QBs, the Panthers project to carry less than $2M of Top 51 cap space into March right now thanks to large (but restructurable) hits for DJ Moore, Taylor Moton, & Shaq Thompson + nearly $30M of dead cap.

Chicago Bears

Status: It’s Not Me, It’s You

2023 Top 51 Cap Space: $120M

Justin Fields quieted a lot of doubters this year, as a new coaching regime has at least started to unlock his super powers. There’s still plenty of fringe around the edges to smooth out, but the focus this offseason won’t be on the QB position (but literally on every other area of the roster). Contractually, Fields holds 2 years, $5.5M + a 5th year option, and becomes extension eligible after the 2023 season.

Trevor Siemian signed a 2 year deal this past March, leaving him on a 1 year, $1.965M deal ($2.465M cap hit) for 2023. He’s recovering from oblique surgery, so adding a body or two here definitely makes sense next spring.

Cincinnati Bengals

Status: GoFundMe.Bengals.com

2023 Top 51 Cap Space: $48.8M

After a sluggish (recovering from appendectomy) start, Joe Burrow has rounded back into big boy status, and becomes a slam dunk to cash in this coming offseason. His representation should be pointing directly at Deshaun Watson’s deal with the Browns as the only correct offer, though the Bengals seem like the last franchise in the league that would be willing to go that route. He’s a 6 year, $260M player in our system, though another Super Bowl appearance this season could shatter that ceiling. It should be noted that Burrow’s rookie contract contains 1 year, $5.5M + a 5th year option remaining, so while an extension isn’t at all required - it kind of feels required.

Current backup Brandon Allen is slated for unrestricted free agency next year, and could be asked back at around his previous $1.5M mark.

Cleveland Browns

Status: Front Office Seeking Men in Black Neuralyzer

2023 Top 51 Cap Space: $3.7M

2022 was always going to be weird. Even before Deshaun Watson was acquired, the turmoil with Baker Mayfield heading into the offseason was boiling over, and every team in the league knew it. Every decision thereafter can (and will) be questioned, though it’s only fair to give this a little time to simmer. Don’t worry - Watson’s contract offers plenty of it, as the 27 year old holds 4 years, $184M fully guaranteed through 2026, including an historic $54.9M cap hit in 2023. A full base salary restructure can drop it down to $19M, but there will be short-term future pain in pushing that cap out.

Kellen Mond (2 years, $2.4M non-guaranteed) is the only other rostered QB in 2023 currently. 

Dallas Cowboys

Status: Fine.

2023 Top 51 Cap Space: $6.6M

Dak Prescott’s deal has 2 years, $65M remaining on it through 2024 and is fully guaranteed at $31M for the 2023 season. His $49.1M cap hit next year ranks 2nd only to Deshaun Watson, and is very likely subjected to restructure. A full base salary conversion can free up over $23M of cap space for the Cowboys next year. Unless Dallas tries to get ahead of things right now (not entirely crazy), a new deal for Dak Prescott will be a focal point this time next season.

Youngster Will Grier carries a non-guaranteed $1.08M salary into 2023 and could very well become the new QB2 in Dallas if Cooper Rush finds a better situation next March.

Denver Broncos

Status: Cart Before the Horse

2023 Top 51 Cap Space: $15.4M

I know, I know, they gave up two firsts, two seconds, a late round swap and 3 players to acquire Russell Wilson - so an extension was all but necessary to justify the trade price, but it bears repeating for the 109th time: The Broncos could have paid Wilson $24M for 2022, then been faced with a non-guaranteed $27M for 2023. Instead, it was $57M cash this year and 3 years, $104M guaranteed now through 2025. Denver will try to band-aid this contract with a new coaching staff for 2023, but band-aid it will be.

Current backup Brett Rypien is slated for unrestricted free agency and with Wilson’s career falling apart, Denver could look to bring in a legitimate QB2 option for the next few seasons. 

Detroit Lions

Status: 2023 Fine (I think).

2023 Top 51 Cap Space: $28.5M

The advanced metrics (or advanced coaches) have never liked Jared Goff, but he passed more than a few eye tests with the Lions this season. The 2 years, $52.2M (non-guaranteed) left on his deal doesn’t feel too daunting, especially for a team clearly turning a corner offensively. A few splashy draft picks & free agent signings on the defensive side of the ball, and Detroit could be a legitimate middle of the pack NFC contender.

Current backup Nate Sudfeld is slated for unrestricted free agency this March. Will the Lions draft a potential “next man up” in April?

Green Bay Packers

Status: It’s Just Easier To Assume He’s Returning

2023 Top 51 Cap Space: $2.7M

I’m just going to keep this really easy and assume that Aaron Rodgers and the Packers love each other and aren’t even considering a divorce. His $31.6M cap hit for 2023 is tolerable, and the $59.15M cash to be earned is ridiculous, but happening (somewhere - I mean definitely in Green Bay).

Current backup Jordan Love becomes an instant must-watch candidate next March, as rumors have already swirled that it’s play me or trade me for 2023. The latter seems inevitable. Love holds a 1 year, $2.2M (fully guaranteed) contract + a 5th year option for 2024 that must be decided on by May 2023.

Houston Texans

Status: Bryce Young

2023 Top 51 Cap Space: $47M

Davis Mills is probably going to get a few contracts as a viable backup in the league, but he was always a placeholder to get this franchise to the #1 pick. Bryce Young (assumedly) will sign a fully guaranteed 4 year contract + a 5th year option for 2027 next summer.

Both Kyle Allen & Jeff Driskel are slated for unrestricted free agency next March, but bringing in a QB with experience (either to start ahead of the drafted QB or to mentor his inaugural season) will be a vital move this offseason.

Indianapolis Colts

Status: Ralph Wiggum Meme of Choice

2023 Top 51 Cap Space: $30M

Another veteran QB acquisition swing and a miss via Matt Ryan that lingers into the 2023 offseason thanks to a $12M guarantee for next season. It’s (slightly) possible that a trade partner is found, it’s definitely possible that Jim Irsay eats the $12M and outright releases Ryan, but it makes the most sense that a restructured contract is put in place for 2023 that makes his $12M cash, $18M total cap more efficient for the Colts.

Behind (or next to, or possibly in front of) Ryan, Nick Foles carries a 1 year, $3.6M contract into 2023, $1.5M of which is fully guaranteed. While, youngster Sam Ehlinger carries a 2 year, $2M (non-guaranteed) contract into the offseason.

Jacksonville Jaguars

Status: We’re Ok.

2023 Top 51 Cap Space: -$17M

The Jacksonville offense as a whole is becoming more fun every week, and the emergence of Trevor Lawrence is a major reason why. The #1 overall pick carries 2 years, $9.6M + a 5th year option on his rookie contract, and won’t become extension eligible until after the 2023 campaign.

Current backup C.J. Beathard is slated for unrestricted free agency next March.

Kansas City Chiefs

Status: MVP Money Coming

2023 Top 51 Cap Space: $23M

Now we’ve seen Patrick Mahomes be great with a true WR1 *(Tyreek Hill) and with a weapon by committee system. Translation, he’s great, which works out, because his contract holds 9 years, $414.5M remaining on it, with no clear and concise “out” for Kansas City at any point in time. Mahomes as “only” banked $63M cash across the first three years of this contract which is basically what he would have earned having played out his rookie contract plus a franchise tag. The meat & potatoes of the deal kick in now, as the 27 year old will see $120M cash over the next three seasons.

Mahomes’ 2023 cap hit currently rings in at $46.7M. The Chiefs tolerated a $35.8M figure in 2022, and with the salary cap rising significantly, could theoretically do the same next season. But there’s $27.5M to be saved in converting a roster bonus if they feel the need.

Longtime backup QB Chad Henne is playing out another 1 year deal in KC as he approaches 38 years of age. It may be time for the Chiefs to switch up their QB2 for the first time in 5 years.

Las Vegas Raiders

Status: Every Possible Possibility

2023 Top 51 Cap Space: $34M

Derek Carr’s 2022 needed to at least resemble his past two seasons to help justify the 3 year, $121.5M extension he was handed this past April. Instead, he’s having his worst season in 5 years, despite a shiny new weapon in Davante Adams at his disposal. There’s a tiny world where the Raiders release Carr before February 15th, after which another $40M+ becomes fully guaranteed. Will Las Vegas trade those guarantees away to another franchise this spring? Our sources say it’s extremely likely.

Current backup Jarrett Stidham is a pending free agent (so the Raiders don’t exactly have Plan B for Carr ready and waiting in the wings).

UPDATE: The Raiders have benched Derek Carr for the remainder of 2022, putting him on track to be moved this offseason. If they can't put together a trade before February 15th (when $40M guarantees), expect an outright release for the 31 year old.

Los Angeles Chargers

Status: Pay the Man

2023 Top 51 Cap Space: -$9.4M

Justin Herbet’s 2022 isn’t going to approach the fantastic 2021 performance he put in, but the jury’s already out on this decision. Herbert’s rookie contract holds 1 year, $4.2M + a 5th year option in 2024 that will certainly be exercised by the May deadline. He’s a $44M quarterback in our system currently, but as with Joe Burrow in Cincy, the financial sky is the limit.

Backups Chase Daniel & Easton Stick are pending free agents, so there’s a move to be made in that regard.

Los Angeles Rams

Status: Run it Back

2023 Top 51 Cap Space: -$1.9M

Matthew Stafford has been vocal about his plan to return from spinal cord contusion injury, so the Baker Mayfield conversations can dissipate. Stafford’s deal contains 3 years, $121.5M remaining including $57M that fully guarantees next March. At this point, it’s more likely he’s the Rams’ QB1 through 2025 than not.

 

Backup John Wolford is a restricted free agent (non-tender candidate) while Bryce Perkins is still an exclusive rights free agent. Look for the Rams to bring in a viable #2 this offseason.

Miami Dolphins

Status: Hold Please

2023 Top 51 Cap Space: -$6.7M

One of the tougher rooms to read right now as Tua Tagovailoa has shown greatness, averageness, & below averageness this season, plus three separate trips into concussion protocol. While he becomes extension eligible after the 2022 season, Tua’s financial future is likely in a holding pattern for now, as his physical condition is a must priority for both sides. He’s on a 1 year, $4.7M (guaranteed) rookie deal plus a 5th year option for 2024 that must be decided on this coming May.

Teddy Bridgewater is headed back to free agency, while 7th round pick Skylar Thompson remains on a 3 year, $1.1M (non-guaranteed) deal.

Minnesota Vikings

Status: Pay it Forward

2023 Top 51 Cap Space: -$7M

Kirk Cousins tacked on an extra 1 year, $35M guaranteed this past March, locking in his 2023 season - but nothing thereafter. A multi-year extension to keep the 34-year-old in Minnesota for the rest of his career is plausible this time around, deserving, and can help lower his current $36.25M cap hit next season.

Backup Nick Mullens is slated for unrestricted free agency.

New England Patriots

Status: Michael Scott Cringe Meme

2023 Top 51 Cap Space: $54M

It’s not unfair to claim that Mac Jones took a giant step back in 2022, putting the position into a bit of flux for New England going forward. Jones is fully guaranteed at 2 years, $4.7M plus a 2025 5th-year option. For now it remains Mac’s job to lose heading into 2023.

Veteran Brian Hoyer is under contract on a 1 year, $2M deal ($1.4M guaranteed, $2.24M cap hit) through 2023 and should be back in the fold if he doesn’t hang them up first. 2022 4th round pick Bailey Zappe brings a non-guaranteed 3 year, $2.9M rookie contract into the conversation as well.

New Orleans Saints

Status: More of the Same?

2023 Top 51 Cap Space: -$57M

Barring a late season extension, QB1 Andy Dalton is headed to unrestricted free agency. The 35-year-old has been solid in 2022, completing 66% of his passes with a 95+ rating. Bringing him back on an incentive-based deal probably makes sense for a Saints franchise with no 1st round pick.

Jameis Winston is signed through 2023 on a $12.8M salary ($15.6M cap hit). $5.8M of it becomes fully guaranteed March 17th, and there’s an $11.2M dead cap hit to release him next spring. The Saints almost certainly move on here.

32-year-old Taysom Hill is fully guaranteed at $9.9M ($13.9M cap hit) through 2023 and could (finally) be a legitimate contender for the QB1 role.

New York Giants

Status: Keep With the Jones

2023 Top 51 Cap Space: $58M

There’s still a deep dividing line between those who believe Daniel Jones should be allowed to walk into free agency this March, and those who believe he’s earned a 2nd contract in New York. Is a projected $32M franchise tag the happy compromise? Blake Bortles bagged a last minute 3 year, $54M deal in Jacksonville back in 2018. That $18M per year represented 10.1% of the league cap at the time. If we run this math on a projected $225M salary cap for 2023, we get Jones into a 3 year, $66M deal, with cap & cash flexibility for GM Joe Schoen & the Giants. It’s not a far reach if they can get their QB1 to buy in.

Backup QB Tyrod Taylor holds a 1 year, $5.5M deal through 2023, including $2.725M fully guaranteed now. His $6.9M cap hit is a bit high for a QB2, and while Schoen won’t ever be a huge salary restructure guy, this could be a candidate.

New York Jets

Status: Back to the Drawing Board

2023 Top 51 Cap Space: $15.9M

2021 #2 overall pick Zach Wilson appears to have played himself out of town this season. His fully guaranteed 2 year, $9.25M contract contains $20.7M of dead cap next March, so an outright release makes little sense, but including him in a larger trade, or tossing in a draft pick to ship him out to another QB-needy team seems very much in play.

Mike White is finishing out a $2.54M restricted tender in 2022, set for unrestricted free agency next March. The Jets will likely look to swing bigger at the QB position this offseason, but bringing back White on a modified starter contract definitely holds logic. Mitch Trubisky’s 2 year, $14M deal seems a decent starting point.

37-year old Joe Flacco heads back to free agency where his future remains very much in question.

Philadelphia Eagles

Status: Brinks Truck

2023 Top 51 Cap Space: $10.5M

Jalen Hurts’ late season injury probably cost him a legitimate shot to snag away the MVP award from Patrick Mahomes, but it doesn’t sour our impression of the 24 year old. He was given an opportunity to sink or swim with a greatly constructed Eagles’ roster this season, and he answered every bell, completing 67% of his passes for a 104+ rating. Hurts becomes extension eligible for the first time this spring, and the Eagles’ front office loves handing out early contracts whenever possible. He’s a near $46M per year player in our system currently, putting him in line for Kyler Murray’s 5 year, $230.5M deal in Arizona.

Backup Gardner Minshew is slated for unrestricted free agency, leaving youngster Ian Book (2 years, $1.95M non-guaranteed) as the only other QB under contract in 2023.

Pittsburgh Steelers

Status: Dark Horse Splash?

2023 Top 51 Cap Space: $13.2M

Kenny Pickett’s rookie contract contains 3 years, $5.94M fully guaranteed + a 5th year option in 2026. It was a herky jerky first year for Pickett, and the Steelers aren’t the type of franchise to sit around and wait. Don’t be surprised if a veteran move is at least entertained here this offseason.

QB1A Mitchell Trubisky carries a 1 year, $8M (non-guaranteed) salary ($10.62M cap hit) into 2023. With no early bonuses or triggers, Pittsburgh can keep him rostered through the offseason as an insurance policy, but the $8M of cap to be freed up via trade or release could come in handy early on. Longtime backup Mason Rudolph is slated for unrestricted free agency.

San Francisco 49ers

Status: If it Ain’t Broke

2023 Top 51 Cap Space: $13.5M

Oh who knows anymore. Why would this team pay for a QB at all in their current iteration? And why would this front office even consider “advancing” this offense with a more versatile QB like Trey Lance? The grass isn’t always greener.

Contractually, Trey Lance holds a 2 year, $9M fully guaranteed rookie contract plus a 5th-year option for 2025. Until further notice, it’s his gig once he’s healthy enough to play.

Brock Purdy’s stabilizing performance down the stretch probably bagged him the backup role in 2023. His non-guaranteed 3 year, $2.9M remaining contract certainly fits the value bill.

31-year-old Jimmy Garoppolo is set to hit the open market this March for the first time in his NFL career. Despite a foot fracture that shelved his 2022 campaign, he’ll have plenty of offers to choose from. He carries a $35M valuation into the offseason.

Seattle Seahawks

Status: Now What?

2023 Top 51 Cap Space: $50M

The shine has worn off a bit down the stretch, but Geno Smith’s bust to boom 2022 is a true revelation. Now what to do with his expiring contract though? Everyone under the sun (ourselves included) were putting him into a $30M+ contract 4 weeks ago. Is a $32M franchise tag too rich? The better question might be, if Smith walks into free agency, just how many suitors are there? This just might be the best, singular situation for the 32 year old, and he likely knows it. We’ll keep things easy for now and just put him on the Daniel Jones bridge contract path. 3 years, around $65M, but really just a 1 year guarantee at signing.

Backup Drew Lock is headed into free agency with very little buzz.

Tampa Bay Buccaneers

Status: Bueller? Bueller?

2023 Top 51 Cap Space: -$42M

Tom Brady finally looks human 23 seasons later, leaving us with absolutely no idea what comes next. Does he walk into his cherry Fox Sports gig? Does he try to pick up the pieces with a better run franchise? A return to Tampa in 2023 seems the least likely option, which means he’ll leave a $35.1M dead cap parting gift to the Bucs, thanks to void years built into his latest extension.

Kyle Trask holds 2 years, $2.5M non-guaranteed remaining on his rookie contract, while veteran Blaine Gabbert is slated for unrestricted free agency. The Bucs don’t have a legitimate QB1 plan for 2023 currently.

Tennessee Titans

Status: Dark Horse Splash?

2023 Top 51 Cap Space: -$16.5M

Before 2022, Ryan Tannehill had no chance of sticking around Tennessee for the final year of his contract. That sentiment has changed (and not because he lit up the stat boards this season). Tannehills non-guaranteed $27M for 2023 comes with a $36.6M cap hit. A small restructure should clean things up a bit while not damaging their future caps too much. With that said, Tennessee could very much be a landing spot for Jimmy Garoppolo, Jordan Love, etc… this offseason, which then puts Tannehill’s contract on notice. The Titans can free up $17.8M of cap space with a Pre June 1st release of their veteran QB.

Backup Malik Willis didn’t exactly instill confidence in the position going forward, but his 3 year, $3.5M non-guaranteed remaining rookie deal offers little to no risk from here out. Will Tennessee try to find their next future QB this offseason, or is that plan still a year away?

Washington Commanders

Status: Better Required

2023 Top 51 Cap Space: $20M

The Carson Wentz experiment is most likely over in Washington, as the 30 year old carries 2 years, $53.3M, none of it guaranteed - and no dead cap sitting against it. With $9M of compensation set to guarantee March 17th, it’ll be an early decision for the Commanders. Washington could stand to find an upgrade at this position with a surrounding roster that’s rounding into form.

QB1A Taylor Heinicke is slated for unrestricted free agency, and probably doesn’t have much of a market outside of Washington. Is another short term incentive-laden extension good for both parties? Last year’s 5th round pick Sam Howell remains rostered at 3 years, $2.95M, non-guaranteed.

Michael GinnittiDecember 21, 2022

The 2022 NFL Pro Bowl rosters were announced Wednesday evening and the list includes a healthy dose of experienced, high-paid talent. In fact, of the 17 position groups represented here, 11 of them saw the highest average paid player at that position get selected this season.

Also

  • 13 of the players selected this year are pending unrestricted free agency next March.
  • 3 members of the Eagles & Chiefs offensive lines were selected.
  • Only two 1st-year rookies (Sauce Gardner, Tariq Woolen) were selected.

Here’s a full breakdown of selections by position, including the remaining contract & free agency years for each player. 

Quarterbacks

Geno Smith banks a $500,000 bonus for his selection, setting up what should be a massive pay raise over his $4M 2022 campaign. The Eagles and Bengals likely back up the brinks trucks for Hurts & Burrow respectively this winter as well, with each hovering around the $45M valuation mark currently. The Top 4 highest average paid QBs missed the Pro Bowl this year.

Player Remaining Contract Free Agent
Patrick Mahomes (KC) 9 years, $414.5M 2032
Josh Allen (BUF) 6 years, $217.5M 2029
Joe Burrow (CIN) 2 years, $9.4M + option 2025
Jalen Hurts (PHI) 2 years, $2.5M 2024
Geno Smith (SEA) N/A 2023
Kirk Cousins (MIN) 1 year, $30M 2024

Running Backs

4 of the 6 running backs selected are playing on expiring contracts, set to combine for what will be a gigantic halfback free agency - money excluded. 

Player Remaining Contract Free Agent
Nick Chubb (CLE) 2 years, $23M 2025
Josh Jacobs (LV) N/A 2023
Derrick Henry (TEN) 1 year, $10.5M 2024
Saquon Barkley (NYG) N/A 2023
Tony Pollard (DAL) N/A 2023
Miles Sanders (PHI N/A 2023

Fullbacks

The first and third highest average paid fullbacks were selected this year in a position that still holds plenty of value in the league, though the money hasn’t ever accounted for it. 

Player Remaining Contract Free Agent
Patrick Ricard (BAL) 2 years, $6.75M 2025
Kyle Juszczyk (SF) 3 years, $17.75M 2026

Wide Receivers

4 of the Top 6 highest average paid WRs make the list, including the #1 overall in Hill, while Chase, Jefferson, & Lamb all become extension eligible after the 2022 season. McLaurin gets a $250,000 bump on next year’s salary, while Adams & Hill lock in $250,000 bonuses for their selections.

Player Remaining Contract Free Agent
Tyreek Hill (MIA) 4 years, $114M 2027
Stefon Diggs (BUF) 5 years, $99.5M 2028
Davante Adams (LV) 4 years, $117M 2027
Ja'Marr Chase (CIN) 2 years, $8.3M + option 2026
Justin Jefferson (MIN) 1 year, $2.4M + option 2025
A.J. Brown (PHI) 4 years, $80M 2027
CeeDee Lamb (DAL) 1 year, $2.5M + option 2025
Terry McLaurin (WSH) 3 years, $41.7M 2026

Tight Ends

3 of the Top 5 highest average paid TEs get the nod, while an extension for Hockenson in Minnesota this winter seems imminent. Andrews tacks on a $250,000 bonus to his 2022 compensation for this nod.

Player Remaining Contract Free Agent
Travis Kelce (KC) 3 years, $42.5M 2026
Mark Andrews (BAL) 3 years, $29.75M 2026
George Kittle (SF) 3 years, $41.25M 2026
T.J. Hockenson (MIN) 1 year, $9.3M 2024

Offensive Tackles

Will the Chiefs double tag Brown or give him the big extension? A new rookie QB in Houston probably means Tunsil gets another big payday this winter, while Tristan Wirfs becomes extension eligible for the first time in Tampa. Armstead grabs a $650,000 bonus for his selection. 

Player Remaining Contract Free Agent
Laremy Tunsil (HOU) 1 year, $18.5M 2024
Terron Armstead (MIA) 4 years, $61.5M 2027
Orlando Brown Jr. (KC) N/A 2023
Trent Williams (SF) 4 years, $97.5M 2027
Lane Johnson (PHI) 3 years, $33M 2026
Tristan Wirfs (TB) 1 year, $2.8M + option 2025

Offensive Guards

A few usual suspects here, but Dickerson gets the nod in just his 2nd NFL season, while the Falcons are likely poised to back a brinks truck up for Lindstrom this winter.

Player Remaining Contract Free Agent
Joel Bitonio (CLE) 3 years, $30M 2026
Quenton Nelson (IND) 4 years, $59.5M 2027
Joe Thuney (KC) 3 years, $47.5M 2026
Zack Martin (DAL) 2 years, $27.5M 2025
Landon Dickerson (PHI) 2 years, $3.2M 2025
Chris Lindstrom (ATL) 1 year, $13.2M 2024

Offensive Centers

Humphrey becomes the 3rd member of the Chiefs’ O-Line to get the nod, while Kelce becomes #3 for the Eagles as well, as does the highest average paid center in Ragnow. Mitch Morse bags an extra $200,000 for his selection.

Player Remaining Contract Free Agent
Creed Humphrey (KC) 2 years, $2.5M 2025
Mitch Morse (BUF) 2 years, $16.75M 2025
Jason Kelce (PHI) N/A 2023
Frank Ragnow (DET) 4 years, $40.9M 2027

Defensive Ends

Another highest average paid player (Garrett) makes the list, while Bosa & Burns probably don’t take the field next offseason before a shiny new gigantic contract is under their belt.

Player Remaining Contract Free Agent
Myles Garrett (CLE) 4 years, $82M 2027
Maxx Crosby (LV) 4 years, $81M 2027
Trey Hendrickson (CIN) 2 years, $28M 2025
Nick Bosa (SF) 1 year, $17.8M 2024
Brian Burns (CAR) 1 year, $16M 2024
DeMarcus Lawrence (DAL) 2 years, $25M 2025

Defensive Tackles

Donald makes it yet ANOTHER highest average paid player to get selected this year. Williams, Simmons & Lawrence are all smoldering extension candidates, though all 3 teams have a QB position to address that could roadblock an immediate payday.

Player Remaining Contract Free Agent
Chris Jones (KC) 1 year, $20M 2024
Quinnen Williams (NYJ) 1 year, $11.5M 2024
Jeffery Simmons (TEN) 1 year, $10.7M 2024
Aaron Donald (LAR) 2 years, $63.5M 2025
Jonathan Allen (WSH) 3 years, $48M 2026
Dexter Lawrence (NYG) 1 year, $12.4M 2024

Outside Linebackers

Shocker: The highest average paid OLB (Watt) made the cut. Mack might be a restructure extension candidate this winter due to some funky cap numbers and lack of guarantees, while Parsons will need to wait another year in Dallas to get his bag. Reddick earns a $500,000 increase on an already guaranteed option bonus for next season.

Player Remaining Contract Free Agent
Matt Judon (NE) 2 years, $22.5M 2025
Khalil Mack (LAC) 2 years, $46.15M 2025
T.J. Watt (PIT) 3 years, $62.1M 2026
Micah Parsons (DAL) 2 years, $5.2M+option 2026
Za'Darius Smith (MIN) 2 years, $34M 2025
Haason Reddick (PHI) 2 years, $30.25M 2025

Inside Linebackers

Baltimore’s current ILB & their previous ILB both get selected, while Warner shows he’s worth every dime of the top of the market extension SF gave him recently. Davis earns a $500,000 bonus for his nod.

Player Remaining Contract Free Agent
Roquan Smith (BAL) N/A 2023
C.J. Mosley (NYJ) 2 years, $34M 2025
Fred Warner (SF) 2 years, $33M 2025
Demario Davis (NO) 2 years, $21M 2025

Cornerbacks

Two rookies get the nod here (Gardner, Woolen), as does yet another highest average paid player (Alexander). Diggs and Slay are extension candidates this winter. Howard is on his way to a $1M incentive per his selection, while Humphrey bags an extra $250,000 for his.

Player Remaining Contract Free Agent
Ahmad Gardner (NYJ) 3 years, $11.2M+ option 2027
Patrick Surtain II (DEN) 2 years, $6M+ option 2026
Marlon Humphrey (BAL) 4 years, $59.5M 2027
Xavien Howard (MIA) 4 years, $71.75M 2027
Darius Slay (PHI) 1 year, $17.5M 2024
Trevon Diggs (DAL) 1 year, $1.4M 2024
Tariq Woolen (SEA) 3 years, $2.9M 2026
Jaire Alexander (GB) 4 years, $67M 2027

Safeties

The Top 2 highest average paid safeties (James & Fitzpatrick) hit the roster this year, while Jordan Poyer grabs an extra $500,000 in Buffalo, and sets himself up for what should be a very rewarding pending free agency.

Player Remaining Contract Free Agent
Minkah Fitzpatrick (PIT) 4 years, $62.1M 2027
Derwin James (LAC) 4 years, $61M 2027
Jordan Poyer (BUF) N/A 2023
Quandre Diggs (SEA) 2 years, $25M 2025
Budda Baker (ARI) 2 years, $27M 2025
Talanoa Hufanga (SF) 2 year, $1.95M 2025

Special Teams

Plenty of players set to hit the open market or lock in extensions this winter, while Justin Tucker joins only Stefon Diggs, Josh Allen, & Patrick Mahomes as 2022 Pro Bowlers with contracts that run through at least 2028. Duvernay now qualifies for a 4th-year contract escalator.

Player Remaining Contract Free Agent
Morgan Cox (TEN, LS) N/A 2023
Andrew DePaola (MIN, LS) N/A 2023
Tommy Townsend (KC, P) N/A 2023R
Tress Way (WSH, P) 2 years, $6M 2025
Justin Tucker (BAL, K) 5 years, $24.3M 2028
Jason Myers (SEA, K) N/A 2023
Devin Duvernay (BAL, KR) 1 year, $1.1M 2024
Kavontae Turpin (DAL, KR) 2 years, $1.8M 2025R
Justin Hardee (NYJ, ST) 1 year, $2.3M 2024
Jeremy Reaves (WSH, ST) N/A 2023
Michael GinnittiDecember 04, 2022

As the clock turns to December, our focus begins to shift toward the 2023 offseason, including an early look at notable players from each NFL team set to hit free agency next March.

RELATED: 2023 NFL Free Agents | Market Valuations

ARIZONA CARDINALS

The Cardinals' offensive line has battled injuries and father time this year. It'll be a point of emphasis this offseason, especially since the QB is locked in for $200M.

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ATLANTA FALCONS

Keeping McGary in the fold seems crucial as the Falcons reconsider their QB1.

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BALTIMORE RAVENS

Lamar seems destined for a $40M exclusive franchise tag, while the defensive is likely in for an injection of youth this offseason.

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BUFFALO BILLS

The Bills may in fact just keep everyone. Edmunds seems a lock to return in some fashion, and Poyer's value to the defense is still at an all-time high.

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CAROLINA PANTHERS

Will they rip the band-aid all the way off? It's not inconceivable that Darnold returns on a team-friendly deal to bridge another transition.

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CHICAGO BEARS

The Bears turned a corner this season but still need a big-spending offseason to take the next step. Nearly every position but QB1 is on the bubble.

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CINCINNATI BENGALS

Will the Bengals pay to keep this secondary intact, or will they continue to replace it via draft picks? 

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CLEVELAND BROWNS

The Browns appear poised to completely redo the interior of their offensive & defensive lines this March.

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DALLAS COWBOYS

With Zeke Elliott's contract on the bubble, will Dallas replace it with a new one for Pollard, or is it a total start over at running back?

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DENVER BRONCOS

Tell me if you've heard this before: Russell Wilson needs a better offensive line & running game to improve his production.

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DETROIT LIONS

Williams has been a vital piece to the run game and should be considered for an extension, while most of Detroit's offseason will focus on a defensive rebuild.

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GREEN BAY PACKERS

Most of the weapons, the QB1, & the Left Tackle are all major question marks heading into the offseason. 

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HOUSTON TEXANS

With eyes on the #1 pick and another Top 10 pick next year, the Texans will be looking to build this thing up quickly. Generally that comes with an expensive bolstering of the offensive line, a much expected outcome this spring for Houston.

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INDIANAPOLIS COLTS

Indy's loaded with big contracts, but keeping Ngakoue seems vital - despite his likely price point. A weapon or two are certainly on the docket this March.

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JACKSONVILLE JAGUARS

The Jags turned a corner in 2022, especially offensively. Smoot's price point may surprise some, but he's excelled on the edge.

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KANSAS CITY CHIEFS

Orlando Brown hasn't produced as a market resetting left tackle, but the Chiefs may need to comply - unless a 2nd franchise tag ($19.9M) is in the cards.

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LAS VEGAS RAIDERS

Jacobs' value has skyrocketed this season, and he may be looking for a fresh start with that payday. Moreau should be paid as if he'll be replacing Waller soon.

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LOS ANGELES CHARGERS

The Chargers offseason outlook is fairly quiet, outside of that whole $300M extension forthcoming to Justin Herbert.

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LOS ANGELES RAMS

Rapp has been an excellent run-stuffing defensive back, but will the Rams continue to pile on contracts in their current state?

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MIAMI DOLPHINS

Gesicki doesn't seem long for this roster in 2023, but Jeff Wilson can certainly play himself into an extension by the time 2022 is said and done.

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MINNESOTA VIKINGS

Bradbury, Peterson & Tomlinson have all played themselves into the extension candidate mix, or nice free agent deals.

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NEW ENGLAND PATRIOTS

Harris seems a lock to find a new home for 2023, while the Patriots may need to overpay to keep CB Jones off the open market.

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NEW ORLEANS SAINTS

Will the Saints keep trying to patch this thing together? Harty should be a key versatile weapon signing for a 2023 contender, while productive DT's are now back in demand.

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NEW YORK GIANTS

The QB1, RB1, & current WR1 are all set to hit the open market this March. It's realistic that all three walk.

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NEW YORK JETS

The Jets turned a corner in 2022 and should continue to upgrade via all channels. Will they give Mike White a Jameis Winston type deal to compete for QB1 next year?

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PHILADELPHIA EAGLES

Gardner-Johnson was one of the best safeties in the NFL before his injury, and he'll be paid like it this march. Philly's defense has expiring contracts all over the place.

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PITTSBURGH STEELERS

Sutton probably played himself into an extension, but a lot of Pittsburgh's defense will be addressed in 2023 - but not before the offensive line is.

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SAN FRANCISCO 49ERS

The rumblings of a Jimmy G return for 2023 are already picking up steam, and rightfully so. How many of these expiring contracts can they feasibly retain?

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SEATTLE SEAHAWKS

It's hard to imagine Geno Smith playing anywhere else in 2023, but in what manner he returns is worth following. Seattle will be in on every available pass rusher this spring (especially at the top of the draft).

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TAMPA BAY BUCCANEERS

Brady's tenure in Tampa seems over, but is his NFL career? Keeping David in the fold seems vital if the Bucs bring in a vet QB to try to keep this ship afloat.

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TENNESSEE TITANS

It seems more and more likely that Ryan Tannehill gets one more year with the Titans, so upgrading elsewhere should very well be on the table.

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WASHINGTON COMMANDERS

The Commanders D (even without Chase Young) has held the fort down, putting Payne in a big-time extension window. Will Heinicke score a Blake Bortles type extension to man the ship a little longer?

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Michael GinnittiNovember 30, 2022

If the Rams were a one and done team, just how expensive are the next few years going to be?

QB | Matthew Stafford

Signed a 4 year, $160M extension this past March that included $63M guaranteed at signing, $61.5M of which has been paid out in 2022. His $1.5M salary for 2023 was also fully guaranteed at signing. If he’s on the roster March 19th, another $57M locks in.

The Out
If Stafford is healthy enough to pass a physical next March, the Rams could technically designate him a Post June 1st release before March 19th, taking on $49.5M of dead cap split into $13.5M next season, & $36M for 2024. While it’s an unlikely scenario, and a lot of cap to take on, the move would allow the Rams to avoid the full guarantee trigger, which would essentially mean $89M cash through 2025.

Practical Remaining: 3 years, $90.5M

WR | Cooper Kupp

Signed a 3 year, $80.1M extension this past June that included $35M guaranteed at signing, $30M of which was paid out in 2022. A $5M roster bonus due March 19th was also fully guaranteed at signing. If he’s on the roster March 19th, another $35M fully locks in, through the 2024 season.

The Out
With $5M cash guaranteed in 2023, it’s hard to imagine the Rams considering any type of movement on their star WR’s deal. His $27.8M cap hit next season is begging for another restructure, which will all but guarantee that this contract stays intact through 2025, or 3 years, $60M.

Practical Remaining: 3 years, $60M

WR | Allen Robinson

Signed a 3 year, $46.5M free agent contract this past March, including $30.75M fully guaranteed through 2023.

The Out
With 2023 completely guaranteed at a $15.25M clip, Robinson isn’t going anywhere (barring a trade) until the 2024 offseason.

Practical Remaining: 1 year, $15.25M

LT | Joseph Noteboom

Signed a 3 year, $40M extension this past March, including $16.5M fully guaranteed at signing, $11.5M of which was paid out in 2022. A $5M roster bonus due March 19th is also fully guaranteed right now.

The Out
An achilles injury that will linger into the new league year + a $5M full guarantee for March all but secures Noteboom’s $13.5M next season. The Rams can walk away for just $6M dead cap after 2023.

Practical Remaining: 1 year $13.5M

RT | Rob Havenstein

Signed a 3 year, $34.5M extension this past September, including $19M fully guaranteed at signing, $7.6M of which has been paid out in 2022. His $1.5M base salary, $4M roster bonus, & a $6M option bonus for the 2023 season are all fully guaranteed right now.

The Out
With a $5M roster bonus for the 2024 season becoming fully guaranteed next March, it’s highly likely that the Rams stick out this contract through that 2024 campaign.

Practical Remaining: 2 years $23M

C | Brian Allen

Signed a 3 year, $18M contract extension this past March that included $6M fully guaranteed at signing, $5M of which hit the books in 2022. A $1M roster bonus for 2023 is also fully guaranteed.

The Out
If he’s on the roster March 19th, his $4M salary for 2023 becomes fully guaranteed. 2024 is a veritable option, but at just $7M cash, could also be a good value for LA if he’s healthy.

Practical Remaining: 1 year, $6M

DT | Aaron Donald

Signed a 3 year, $95M extension this past June that included $46.5M fully guaranteed at signing, $31.5M of which hit the books in 2022. A $15M roster bonus for 2023 was also fully guaranteed at signing, and was treated as a signing bonus for cap purposes.

The Out
Technically, Donald’s $13.5M salary for 2023 doesn’t fully guarantee until March 17th, but with $44M of dead cap already on the books, the Rams won’t consider any type of movement here. A $5M roster bonus for 2024 also locks in on March 17th, putting that $35M in total compensation on the likelier side as well.

Practical Remaining: 2 years, $63.5M

LB | Leonard Floyd

Signed a 4 year, $64M contract extension in March 2021 that included $32.5M fully guaranteed at signing, all through the 2022 season.

The Out
Floyd has a $2M roster bonus due March 19th, but the Rams can move on before that in favor of a $19M dead cap hit if they please. It seems likely the 30 year old gets one more year out of this deal (but a trade is very much within reach here).

Practical Remaining: 1 year, $15.5M

LB | Bobby Wagner

Signed a 5 year, $50M free agent contract this past March that included $10M fully guaranteed at signing, $6.5M of which hit in 2022. A $3.5M roster bonus due 2023 is also fully locked in right now.

The Out
He’s been fantastic, and deserving of every bit of the $11M salary he’ll see next season. If he’s on the roster March 19th, 2023, a $2.5M roster bonus for 2024 becomes fully guaranteed as well.

Practical Remaining: 2 years, $22M

CB | Jalen Ramsey

Signed a 5 year, $100M extension in September of 2021, including $43.7M fully guaranteed at signing. $12.5M of his 2023 salary became fully guaranteed last March.

The Out
Ramsey’s on pace to be as good this year as he was last year, so there’s really no reason to consider an out from a football standpoint. But if the Rams start looking to shed contracts, Ramsey’s 1 year, $12.5M guarantee makes this a very tradeable asset.

Practical Remaining: 1 year, $17M

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Michael GinnittiNovember 28, 2022

The 4-8 Green Bay Packers are entering the phase of the season where it’s less about this year - and much more about the future. That may be the case even at the quarterback position as a rib injury (packaged with a previous thumb ailment) could force Aaron Rodgers to the bench, and Jordan Love into full-time action: and this actually might be a blessing in disguise for the franchise.

We’ll dive into the financial futures of the Green Bay quarterbacks, starting with Jordan Love’s remaining contract, and 4 options for Aaron Rodgers in 2023 & beyond.

Jordan Love’s Contract

Jordan Love’s rookie contract contains a fully guaranteed $2.3M in 2023, then a projected $22M 5th-year option for the 2024 season. The Packers will need to decide on that option this coming May. If it’s exercised, it immediately becomes fully guaranteed. If it’s declined, Love will be eligible for unrestricted free agency after the 2023 season.

As we move along in this exercise, it’s important to note that if trading Love is the plan, that move will likely need to be completed before the May option deadline passes, affording the new team the opportunity to decide on that for themselves (re: Darnold & the Panthers).

A trade next March means $1.6M of dead cap for the Packers, freeing up $2.3M of cap space for 2023. A release (unlikely) means $3.94M of dead cap, $0 saved.

With the Packers now out of playoff contention, giving Love the keys to this team for 6 weeks seems the right organizational move. Understanding the next piece to Jordan Love’s puzzle seems the most important factor to the remainder of 2022. Is he a viable option to become Green Bay’s next QB1? Does he possess enough to captivate at least one team via trade? Or is he a highly drafted backup NFL QB, and nothing more?

Aaron Rodgers Option #4: Release

By far the least likely outcome next offseason, despite a clear and obvious decline in play (mostly stemming from a broken thumb, but at least a portion belonging to Father Time).

$99.7M of dead cap. That’s the only reason we need to provide you with here. Even if he’s designated a Post June 1st release, the Packers take on dead hits of $75.3M in 2023, and $24.4M in 2024. And oh by the way, they’d still be paying him the $59.5M cash on the way out the door.

Aaron Rodgers Option #3: Retirement

Despite a few injuries, and a miserable record, this still seems the 2nd least likely option for Rodgers in 2023. Though none of us should attempt to predict an Aaron Rodgers next move, as he’s shown us numerous times.

Reason #1-#479 why he likely won’t retire? There’s $59.5M waiting for him in 2023.

If it were to happen though, the Packers would be staring down a $40.3M total dead cap hit, stemming from signing bonus proration. Rodgers would forfeit the guaranteed $1.165M base salary & $58.3M option bonus due to him next season, as well as the $49.3M available in 2024.

The Packers would likely wait to process any retirement papers until after June 2nd, keeping his full $31.6M cap hit on the books until then (but not exercising the 2023 option bonus). On June 2nd, Green Bay can split that $40.3M dead cap hit into $15.8M for 2023, & $24.4M for 2024.

Aaron Rodgers Option #2: Sticking Around

If it ends up being same as it ever was in Green Bay, lots of numbers need to get involved. Financially speaking, this is a tale of two stories: 2023 & 2024

2023
In 2023, the first decision comes with the fully guaranteed $58.3M option bonus. The Packers have between March 17th and the start of the 2023 regular season to decide on that bonus. It’s not a decision of if he’ll earn it - rather how he’ll earn it. If the Packers exercise the option bonus, it will allow the $58.3M to spread out over the remaining 4 years on the contract for salary cap purposes (or $14.575M per season). If they decline the option bonus, it immediately converts to fully guaranteed base salary, meaning Rodgers would now possess a $59.465M base salary, and a $72.4M cap hit for 2023. Guess which path they’re going to take?

Rodgers currently counts $31.6M against the Packers’ 2023 cap, a very tenable number in the grand scheme of things. If the league cap rises to $220M next season, this number represents a workable 14.3% of it. Any type of restructure to this figure makes the 2024 scenario a little uglier.

2024
In 2024, all of the decisions have to happen immediately, as his $2.25M base salary & a $47M option bonus become fully guaranteed 5 days after the 2023 season’s Super Bowl (February 16, 2024). Rodgers would still be tradeable into the league year (as long as the option bonus isn’t yet exercised), but he would no longer be “reasonably releasable”. Before that February 16th date hits, the contract carries $24.48M of dead cap in 2024, representing $16.2M of cap savings.

Long story short, if Rodgers decides to return in 2023, and the Packers want to keep him in the fold as well, this contract becomes a 1 year, $59.5M deal, with an opportunity to bail out completely in February 2024, as shown below.

Aaron Rodgers Option #1: Trade

First of all it needs to be noted: Aaron Rodgers' contract does not contain a no trade clause. So this is very much the Green Bay Packers' decision to be made. With that said, there’s going to be plenty of speculation with this again (ourselves included), despite the large contract attached to him this time around. It’ll get louder if Jordan Love is given an opportunity to finish out the 2022 season, and does so with any type of success.

Financially speaking this is a tale of two discussion points: The Option Bonus, & Timing

OPTION BONUS
As mentioned above, the Packers have between March 17th & the start of the 2023 regular season to exercise that $58.3M option bonus. Trading him before that happens is an obvious necessity.

The receiving team would pick up the following contract, including cap hits of $15.79M, $32.5M, $51.1M, & $45.3M respectively:



The dead cap represented in this traded contract includes just the guarantee for the 2023 base salary & the 2023 option bonus. Additional dead cap would incur once the 2024 salary & option bonus guarantee in February 2024 (see Option #2 for full details).

However, any team bringing on Rodgers next offseason would likely be doing so on a 2 year basis based on the initial $43.725M dead cap number in 2024.

TIMING & DEAD CAP
When would this trade happen? This is where things get interesting. The logical initial response to this answer would be Post June 1st, 2023 - allowing the $40.3M of dead cap for the Packers to split up into $15.8M for 2023, & $24.4M for 2024. But waiting until June to process this trade means 2023 draft picks can’t be included in the move. Should a team like the Raiders be interested in acquiring Rodgers, their likely Top 10 1st round pick in 2023 would be of high interest to the Packers.

As long as the trade compensation is worth it, Green Bay likely takes on the full $40.3M dead cap hit for 2023 in order to move him prior to next year’s draft. It would be the second highest single season dead cap hit in NFL history, just below Matt Ryan's current $40.5M hit with the Falcons this season.

Final Thoughts

Clearly we’re speculating here, but the NFL has seen a major QB move in each of the last 3 offseasons, so as a spoiled member of the hot stove world, it’s fun to think another one is forthcoming.

Will Russell Wilson’s disaster of a season place caution on a bigtime Rodgers acquisition? Yes and No. Yes because it’s human nature to connect the two situations. No because Russell Wilson’s game wasn’t successful leading up to the trade - despite (ironically) reports that a thumb injury had been hampering his ability to produce.

Rodgers has shown more than a few flashes of his greatness in 2022, and it’s fair to assume that should he be able to stay healthy - more of those will continue in the next year or two.

Potential Destinations? The Raiders’ brutal season has them as immediate front-runners. Tom Brady’s future in Tampa Bay could make the Bucs a contender for Rodgers. The Steelers were interested a year ago, and could include Kenny Pickett in a deal to Green Bay this time around. And the Saints, who don’t possess a 2023 1st round pick, should very much be in the mix for Rodgers’ services. And finally, both New York teams (Giants/Jets) have improved rosters that could be an above average QB away from taking that next step.

Related Links

Michael GinnittiNovember 22, 2022

Jimmy Garoppolo’s return to San Francisco was questioned by many as just another misstep in the 49ers path to improving their QB1 position. But 11 weeks into the 2022 season (10 under Garoppolo’s reins) it’s hard not to readdress the elephant in the room.

At some point, the Niners will need to take this relationship for what it is - a match. Kyle Shanahan may want a more skilled player to run his offense, and every new draft class will offer up athletes that possess just that. But experience kills in American sports, and there’s no denying that Garoppolo’s understanding and comfort in this system is now unrivaled.

Furthermore, the addition of Christian McCaffrey makes a Jimmy Garoppolo-run offense even more potent, as it amplifies the short, quick passing attack that the 31 year old quarterback is most comfortable in.

The 2023 Outlook

With an expiring (yet growing) contract, and Trey Lance still seemingly the future of this roster, Garoppolo’s 2023 outlook is a complete unknown.

Trey Lance’s ankle injury (and subsequent surgery) will keep him out until the 2023 league year, but a full return is expected. Contractually, Lance holds a fully guaranteed 2 years, $6M plus a 5th year option for the 2025 season. The Niners have already paid him $25M.

Which teams might be interested? More than a few. Atlanta, Carolina, Detroit, Houston, Indianapolis, Las Vegas, New England, New Orleans, both New Yorks, Seattle, Tampa Bay, Tennessee, & Washington all have at least some need for a new QB1 over the next season or two. With 3 QBs projected into the first round this coming draft, and two more on the fringe, some of these teams will address their need via the traditional route. But a few here seem more inclined to drop in a veteran option: notably, the Jets, Commanders, & Buccaneers.

Should the 49ers consider keeping him? Common sense says the answer should be yes, but it still strongly feels like their internal answer is no. A healthy Trey Lance still (seemingly) provides this roster an ability to jump up another rung or two on the offensive ladder, and as a cost-controlled option, gives San Francisco flexibility to continue to add/retain pieces as needed. With that said - how many franchises would opt to let Garoppolo walk next March?

The Next Contract

Garoppolo’s numbers are never going to pop off the page - he’s just not built for that type of production, nor is the current offense he’s being asked to run. So mathematically speaking, Jimmy G won’t project to a top of the market contract, even though the Niners paid him as such back in 2018 on an annual average basis.

Our current predictive market value for Jimmy Garoppolo calculates to $28.1M, almost precisely where his last multi-year contract ($27.5M) came in. With a league salary cap expected to approach or exceed $220M next March, a simple cap adjusted version of his last contract average brings his number up to $34M, or a projected 4 years, $135M.

Should multiple teams be involved, Derek Carr's $40.5M annual average could easily be in play here, as is his 53% of total value practically guaranteed. All things considered, our logical prediction for Jimmy Garoppolo's next deal rings it at 4 years, $150M, $75M practically guaranteed, $45M guaranteed at signing.

The QB Market

Often, free agent contracts are only as big as the supply/demand curve allows for within a position - even quarterback. So who else might be drawing big dollars on the open market next March?

Geno Smith (SEA, 32)
The comeback story of the year will result in a hell of a pay raise for the former #39 overall selection back in 2013. It seems unlikely that the Seahawks will let Smith walk, but at least a few of the teams listed above should have interest, potentially even more so than Garoppolo. Smith projects almost identically to Garoppolo right now in our system, though teams may be less inclined to go more than a few years with the smaller sample size.

Tom Brady (TB, 45)
Remember him? The #11 rated QB according to PFF is in 1st place in the NFC South right now, and hasn’t said one way or another about his 2023 playing status. We’ll assume he continues, which puts him into the open market (his contract contains a no tag clause). Brady projects to a 2 year, $82M contract in our system, though the $30M paycheck he earned in 2022 is probably suffice for his next stop. Will the Buccaneers try to keep this thing together, despite obvious setbacks across the roster? Does Brady have interest in joining a third franchise? The Raiders owe Derek Carr $75M over the next two seasons, but can get out of that with a February release. Is this a logical next spot (and price) for Brady?

Taylor Heinicke (WSH, 29)
Heinicke may be doing exactly what he’s supposed to be doing - filling in admirably as needed. It’s hard to imagine an organization - even Washington- compensating him as a true QB1, though crazier things have happened. If he’s signed in this capacity, Heinicke projects to a near $20M per year contract.

Daniel Jones (NYG, 25)
Jones might be the next iteration of Jimmy Garoppolo, despite a #6 overall draft slot. It doesn’t appear as though the Giants are poised to retain him in any capacity - even the franchise tag (projected $32M). He’ll likely be searching for a “compete” scenario next March, with Jameis Winston’s 2 year, $14M deal in New Orleans a likely target.

Lamar Jackson (BAL, 25)
This is a non-conversation until it isn’t. All expectations are that the Ravens will slap an expensive exclusive franchise tag on Jackson this February, despite the obvious cap restrictions it comes with. The bigger conversation might be if Jackson will accept/play on the tag - or if a holdout/trade demand is forthcoming. If the latter is the case, he becomes the most coveted option not named CJ Stroud/Bryce Young for 2023.

Also Potentially
Derek Carr (LV, 31)
Ryan Tannehill (TEN, 34)
Jared Goff (DET, 28)
Carson Wentz (WSH, 29)
Baker Mayfield (CAR, 27)
Mitchell Trubisky (PIT, 28)
Jacoby Brissett (CLE, 29)
Sam Darnold (CAR, 25)
Zach Wilson (NYJ, 23)
Marcus Mariota (ATL, 29)
Andy Dalton (NO, 35)

Related Links

Michael GinnittiNovember 14, 2022

The Raiders locked in 5 players to contract extensions this offseason, to the tune of $439M in total value. Of that, $227M is considered to be practically guaranteed, with $108M fully guaranteed at signing. If we dive even deeper, we learn that the 2023 season isn't 100% guaranteed for any of these new contracts.

With Las Vegas' season floundering, the hot stove will soon be full of future predictions for the state of this roster going forward. How safe are these 5 contracts heading toward 2023?

Derek Carr

3 years, $121,500,000

Carr’s latest extension carries $65.2M of potential guarantees - but only $25M at signing (his 2022 compensation).

This is a contract to watch in the coming months, as it truly can be a 1 year, $25M deal in its simplest form. If he’s healthy, the Raiders can release Carr before February 15th, owing him no additional salary, while taking on a measly $5.6M dead cap hit ($29.2M saved). After this date, his $33M salary for 2023, + $7.5M of 2024 compensation become fully guaranteed. All $40M of this is currently guaranteed for injury right now.

Davante Adams

5 years, $140,000,000

The Raiders gave up a 1st and 2nd round pick to bring on Adams, both from the 2022 draft. They turned around and handed him a 5 year, $140M contract that included over $65M guaranteed - but only $22.75M guaranteed at signing.

Like Carr’s contract, there’s an out after 2022, but the dead cap that remains ($31.4M) with Las Vegas to trade Adams next March seems too rich to take on - even if the draft pick haul would be enticing. Even if the Raiders start over at the QB position, having a player of Adams’ ability makes sense - at least for a minute.

Maxx Crosby

4 years, $94,000,000

$26.5M of the $53M practically guaranteed on this contract is fully locked in at signing, including a $10.05M roster bonus for 2023. When March 17th rolls around, another $26.5M fully guaranteed (2023 salary + 2024 salary).

Crosby’s a centerpiece to build around regardless of who’s coaching or playing quarterback, and this deal isn’t too much for any franchise to tolerate. 

Darren Waller

3 years, $51,000,000

Las Vegas’ good-faith extension for Waller appears to be a disastrous decision as they reportedly tried to shop the 30 year old at the trade deadline, then placed him on the IR a few weeks later. $8.25M of his 2023 salary is already fully guaranteed, with another $2.75M set to lock on March 17th. Will they look to find a suitor for a 1 year, $11M guarantee? If so, the Raiders will take on just a $660,000 dead cap hit for 2023  - nearly $12M of savings.

Hunter Renfrow

2 years, $32,000,000

Renfrow’s 3 year contract comes with $14.5M guaranteed at signing, including a $4.32M roster bonus in 2023. His $6.5M salary for next season fully locks in on March 17th. Like Adams, it’s likely Renfrow sticks through 2023. The deal contains no guarantee for the 2024 season.

Michael GinnittiNovember 07, 2022

A visual look at the numbers behind Bradley Chubb's extension with the Dolphins, including $33M fully guaranteed at signing, & $54M+ through 2025. View the Full Contract


Michael GinnittiNovember 02, 2022

The 2022 NFL trade deadline day gave us 10 trades, many with huge implications for the remainder of the season. Since October 10th, 18 trades were processed in total. We'll detail all of them here, including the financial ramifications that occurred this season, and a quick look into the future for each.

ARIZONA CARDINALS

Robbie Anderson (WR, 29)

Deadline Salary: $690k
2023 Status: $12M (non-guaranteed)

Anderson had his request to leave Carolina granted in mid-October, when he was shipped to Arizona to become their 4th WR option. He’s a minimum salary rental through 2022, with $12M of compensation built into 2023, that includes a $3M roster bonus due in early March.

Oct 17 2022

Arizona acquires
Robbie Anderson (WR) ($690,000)
Carolina acquires
2024 6th round pick 2025 7th round pick

ATLANTA FALCONS

Rashad Fenton (CB, 25)

Deadline Salary: $1.4M
2023 Status: UFA

The Chiefs needed to clear some cap space for their stretch run (potentially to add a street free agent), and they freed up over $1.4M in making this move. Fenton posted average numbers in 5 games thus far, but had a strong showing last season in a depth role for the Chiefs. The high(ish) salary kept this trade from including a higher than 7th round pick.

Nov 1 2022

Atlanta acquires
Rashad Fenton (CB) ($1,405,555)
Kansas City acquires
2023 7th round pick (conditional)

BALTIMORE RAVENS

Roquan Smith (ILB, 25)

Deadline Salary: $575k
2023 Status: UFA

Chicago picked up two picks and a plug in LB (Klein) in shipping the captain of their defense to the Ravens. They also picked up the remainder of his 2022 salary, minus the required minimum ($575,000). This feels like more than a rental move for Baltimore, but with Lamar Jackson destined for their franchise tag next February, extension negotiations will need to ramp up. We project Smith to a 5 year, $90M contract currently, slightly below the top of the market for an off-ball linebacker.

Oct 31 2022

Baltimore acquires
Roquan Smith (LB) ($575,000)
Chicago acquires
2023 2nd round pick 2023 5th round pick (from New England)A.J. Klein (OLB)

BUFFALO BILLS

Nyheim Hines (RB, 26)

Deadline Salary: $2M
2023 Status: $4.79M (non-guaranteed)

Hines leaves a mess of a Colts offense to become another toy for Josh Allen to play with - and a useful one at that. His contract runs non-guaranteed through 2024, so the Bills can treat this as a rental and put him back on the trade block next March, or keep him in the fold for 2023+ with Devin Singletary heading to the open market.

Nov 1 2022

Indianapolis acquires
2023 6th round pick (can convey to a 5th)Zack Moss (RB)
Buffalo acquires
Nyheim Hines (RB) ($2,013,333)

Dean Marlowe (SS, 30)

Deadline Salary: $575k
2023 Status: UFA

Marlowe returns to the Bills and could prove extremely important as the team awaits injury news on safety Jordan Poyer. This was a sneaky good last minute move from Brandon Beane - even if Marlowe ends up with limited playing time down the stretch.

Nov 1 2022

Atlanta acquires
2023 7th round pick
Buffalo acquires
Dean Marlowe (SS) ($497,220)

CHICAGO BEARS

Chase Claypool (WR, 24)

Deadline Salary: $673,000
2023 Status: $1.5M (non-guaranteed)

Not the team many (any) had Claypool heading to - but certainly a team that needed a WR upgrade. The Bears shipped off what currently projects to be the #43 pick next year to bring in the inconsistent WR, who’s non-guaranteed at $2.1M from now through 2023.

Nov 1 2022

Chicago acquires
Chase Claypool (WR) ($673,061)
Pittsburgh acquires
2023 2nd round pick

A.J. Klein (OLB, 31)

Deadline Salary: $497k
2023 Status: UFA

Klein was tossed into the Roquan Smith move, giving the Bears an experienced LB to utilize for the remainder of 2022. There’s an outside chance he’s retained next March to play the same role with what should remain a very young Chicago roster.

Oct 31 2022

Baltimore acquires
Roquan Smith (LB) ($575,000)
Chicago acquires
2023 2nd round pick 2023 5th round pick (from New England)A.J. Klein (OLB)

CLEVELAND BROWNS

Deion Jones (ILB, 27)

Deadline Salary: $1.3M ($823k guaranteed)
2023 Status: UFA

The Falcons swapped late round picks with Cleveland to get Jones off of their roster. In turn, the Browns agreed to chop off the remaining year on his contract, setting him up for the open market next March.

Oct 10 2022

Atlanta acquires
2024 6th round pick
Cleveland acquires
Deion Jones (ILB) ($13,202,431)2024 7th round pick

DALLAS COWBOYS

Johnathan Hankins (DT, 30)

Deadline Salary: $684k
2023 Status: UFA

The Cowboys gave up a 6th round pick early in this deadline window to shore up their defensive line. Hankins has slotted in as a starting DT since joining the team, and is playing out an expiring contract.

Oct 25 2022

Dallas acquires
Johnathan Hankins (DT) ($1,173,200)2024 7th round pick
Las Vegas acquires
2023 6th round pick

DENVER BRONCOS

Jake Martin (OLB, 26)

Deadline Salary: $575k
2023 Status: $5M ($1M fully guaranteed)

The Jets had a surplus on their defensive line/edge, and did well to secure a decent draft pick down the road here (while also shedding $3.8M of 2023 cap space in the process). Denver gets another body to pair with Randy Gregory for the next season or so. 

Nov 1 2022

Denver acquires
Jake Martin (OLB) ($575,000)2024 5th round pick
New York acquires
2024 4th round pick

Chase Edmonds (RB, 26)

Deadline Salary: $1.1M (guaranteed)
2023 Status: $6M (non-guaranteed)

Kind of a sneaky move lost in translation as it was built into the Bradley Chubb blockbuster, but there’s certainly a need for Edmonds right now in Denver, and his $6M salary (especially if restructured) could be in play next season with Melvin Gordon expected to hit the open market.

Nov 1 2022

Denver acquires
2023 1st round pick (from San Francisco)2024 4th round pick Chase Edmonds (RB) ($1,111,111)
Miami acquires
Bradley Chubb (OLB) ($7,064,444)2025 5th round pick

INDIANAPOLIS COLTS

Zack Moss (RB, 24)

Deadline Salary: $543k
2023 Status: $1.1M (non-guaranteed)

Moss was given a few chances to take over the reins in Buffalo, but it never took. The Colts get a low-risk, low-cost body to throw behind Jonathan Taylor, with potential upside for a year and a half. Buffalo needed to include Moss in order to free up enough cap space to take on the Hines’ contract.

Nov 1 2022

Indianapolis acquires
2023 6th round pick (can convey to a 5th)Zack Moss (RB)
Buffalo acquires
Nyheim Hines (RB) ($2,013,333)

JACKSONVILLE JAGUARS

Calvin Ridley (WR, 27)

Deadline Salary: N/A
2023 Status: $11.1M

Ridley remains suspended through the 2022 season, but his $11.1M 5th-year option tolled to 2023. Jacksonville will get a chance to add Ridley to the Christian Kirk experience, bolstering the weapons for Trevor Lawrence in what is shaping up to be a very important “must-know” season for the Jags. There are a bunch of conditions built in, but it seems most likely that the Falcons will secure a 2023 5th & 2024 3rd round pick with this move.

Nov 1 2022

Atlanta acquires
2023 5th round pick (conditional based on reinstatement)2024 4th round pick (conditional based on making the team (4th), playing time (3rd), extension (2nd))
Jacksonville acquires
Calvin Ridley (WR) ($11,116,000)

KANSAS CITY CHIEFS

Kadarius Toney (WR, 23)

Deadline Salary: $784k
2023 Status: $1.9M (fully guaranteed)

Toney was the youngest player traded at this deadline. He brings a 2 ½ years, $5.2M fully guaranteed contract with him that also includes a 5th-year option in 2025. If he’s going to work in any offense - this one has the best chance.

Oct 27 2022

Kansas City acquires
Kadarius Toney (WR) ($784,431)
New York acquires
2023 3rd round pick (conditional compensatory pick)2023 6th round pick

MIAMI DOLPHINS

Bradley Chubb (EDGE, 26)

Deadline Salary: $7.06M
2023 Status: UFA

Chubb immediately bolsters a Dolphins’ pass rush that needs to slow down Allen, Mahomes, & Jackson if Miami is going to truly compete in the AFC. The trade compensation largely suggests that a long-term extension is forthcoming. Our values place him at 5 years, $90M currently ($10M below the top of the edge rusher market).

Nov 1 2022

Miami acquires
Jeff Wilson (RB) ($575,000)
San Francisco acquires
2023 5th round pick

Jeff Wilson (RB, 26)

Deadline Salary: $575,000
2023 Status: UFA

Wilson should slot in between Mostert and Gaskin for the remainder of 2022, the final year of his contract. He projects to a $3M deal next March.

Nov 1 2022

Miami acquires
Jeff Wilson (RB) ($575,000)
San Francisco acquires
2023 5th round pick

MINNESOTA VIKINGS  

T.J. Hockenson (TE, 25)

Deadline Salary: $536k (guaranteed)
2023 Status: $9.4M (guaranteed)

Hockenson had a few serious breakout weeks with the Lions in 2022, but the team continues to slide backwards into what looks like another major offensive rebuild. No need to keep a high-paid TE around if that’s the plan. The Vikings should benefit greatly from this move, despite $10M fully guaranteed through 2023.

Nov 1 2022

Detroit acquires
2023 2nd round pick 2024 3rd round pick
Minnesota acquires
T.J. Hockenson (TE) ($536,111)2023 4th round pick 2024 4th round pick (conditional)

NEW YORK JETS

James Robinson (RB, 24)

Deadline Salary: $547k
2023 Status: RFA

Robinson was brought over to quickly replace the injured Breece Hall, but could be retained in 2023 on a restricted tender. He’s cheap regardless, even if the compensation ends up being a 5th rounder back to Jacksonville.

Oct 24 2022

Jacksonville acquires
2023 6th round pick (Can convey to a 5th round pick with 600 rushing yards in 2022)
New York acquires
James Robinson (RB) ($546,946)

PHILADELPHIA EAGLES

Robert Quinn (DE, 32)

Deadline Salary: $684k
2023 Status: UFA

The Bears retained an enormous amount of salary ($7.1M) in order to purchase a 4th round pick from the Eagles. Philly agreed to axe the remainder of this deal per the trade, so he’ll hit the open market again next March (barring an extension)

Oct 26 2022

Chicago acquires
2023 4th round pick
Philadelphia acquires
Robert Quinn (DE) ($684,444)

PITTSBURGH STEELERS

William Jackson (CB, 30)

Deadline Salary: $3.17M
2023 Status: $12.75M (non-guaranteed)

The Steelers took a low risk flier on Jackson, who shined during his rookie contract at Cincinnati, but never found footing in Washington - despite a $27M payout. Pittsburgh owes him $2.7M + per game roster bonuses the rest of 2022, then hold a $12.75M decision next March.

Nov 1 2022

Pittsburgh acquires
William Jackson (CB) ($3,174,831)2025 7th round pick
Washington acquires
2025 6th round pick

SAN FRANCISCO 49ERS

Christian McCaffrey (RB, 26)

Deadline Salary: $690k
2023 Status: $12M (non-guaranteed)

Remember this one? McCaffrey’s contract holds $36.2M through the 2025 season, but it’s a year to year status with no early guarantees built in. With that said, after seeing he and the Niners together for two weeks, the $12M salary next season might be a value play.

Oct 21 2022

Carolina acquires
2023 2nd round pick 2023 3rd round pick 2023 4th round pick 2024 5th round pick
San Francisco acquires
Christian McCaffrey (RB) ($690,000)
Michael GinnittiNovember 01, 2022

Roquan Smith asked the Bears to move on from him this summer. Three months later, that request has been granted, as the Pro Bowl linebacker is on his way to Baltimore for the next 10 weeks. Smith is playing out the 5th-year option of his rookie contract, and is currently scheduled for unrestricted free agency next March.

The Traded Contract

Smith entered 2022 on a $9.3744M 5th-year option. His remaining salary at the November 1 deadline is $5.408M. The Bears agreed to retain $4.833M of that balance, sending Smith to the Ravens on a minimum $575,000 salary for the remainder of 2022.

Original Salary: $9.3744M
Deadline Salary: $5.408M
Minimum Deadline Salary ($1.035M/18)*10: $575,000
Retained by Chicago: $8.799M

The Trade Compensation

In return for Smith, the Bears received LB A.J. Klein ($497,2200, a 2023 2nd round pick, & a 2023 5th round pick. Chicago negotiated a better draft pick package by agreeing to retain nearly all of the remaining salary on Smith’s contract this season.

Bears’ Projected 2023 Draft Picks
(excluding compensatory picks)

1st
2nd
2nd (BAL)
3rd
4th
4th (PHI)
5th
5th (BAL)
7th
7th

Roquan’s Next Contract

The move to Baltimore puts Smith’s rookie extension back in full focus, something the Bears weren’t willing to consider in their current rebuild window.

Smith carries a $16M valuation in our system to date, but it’s highly realistic to assume that he’ll be seeking a deal at or above Shaquille Leonard’s $19.7M per year deal with the Colts. Leonard’s $52.5M in practical guarantees is also the off-ball linebacker bar, while C.J. Mosley’s $43M guaranteed at signing is the current (but probably unrealistic) high. The highest total value off-ball linebacker contracts currently stand at:

Shaquille Leonard: $98.5M
Fred Warner: $95.2M
C.J. Mosley: $85M
Zach Cunningham: $58M
Deion Jones: $57M


As the #8 overall selection back in 2018, Smith is the highest drafted player in this subset. The advanced metrics have never been friendly to him, and his career season high sack total is 5 (rookie season) - so there’s at least some argument to be made that a market reset isn’t a lock here.

One thing’s for certain: With Lamar Jackson destined for the Baltimore franchise tag next February, Roquan Smith won’t be receiving one of those. Will a 5 year, $90M contract with $45M practically guaranteed get the job done?

Michael GinnittiOctober 30, 2022

QUARTERBACKS

Mason Rudolph (PIT, 27)

Deadline Salary: $1.6M

The 27-year old is in the final year of a 2-year contract in Pittsburgh, and has been relegated to QB3 duties. The Steelers would take on a $2.44M dead cap hit here.

Jameis Winston (NO, 28)

Deadline Salary: $666,666

Winston appears to have lost his footing on the QB1 job in New Orleans (for a minute). With $5.8M of his 2023 salary guaranteed for injury, there’s a bit of risk in putting him out there right now, but another franchise could think differently. The Saints would take on dead cap hits $3.3M in 2022, and another $11.2M in 2023.

 

RUNNING BACKS

Alvin Kamara (NO, 27)

Deadline Salary: $575,000

Kamara’s been a late addition to the trade rumor hot stove with contenders looking to pounce on the versatile weapon. His contract contains 3 years, $47.8M after 2022, and $5M of his 2023 salary is already fully guaranteed - but a potential looming suspension would void those guarantees immediately. A deadline trade means $5.55M of dead cap in 2022, and another $14.3M in 2023 for New Orleans.

Kareem Hunt (CLE, 27)

Deadline Salary: $2.75M

Hunt requested a contract/trade before the season started, but the Browns wouldn’t bite on either. He’s a little more expensive than most backs at this deadline thanks to $200,000 in per game roster bonuses, but he’s also one of the more proven weapons on the block. Acquiring teams could just opt to guarantee those per game bonuses, and convert the remaining salary into signing bonus, using void years to greatly decrease the 2022 cap hit.

Josh Jacobs (LV, 24)

Deadline Salary: $1.1M

The Raiders declined Jacobs’ $8M 5th-year option for 2023, so he’s operating on a pretty friendly expiring salary here. He’s been a huge part of the Las Vegas offense, so as long as they believe they’re in the playoff hunt, shopping Jacobs is likely off of the table. But with $1.1M to be acquired at the deadline, it’s easy to imagine there’s a suitor or two out there.

Melvin Gordon (DEN, 29)

Deadline Salary: $1.32M

Gordon is posting a career-low 3.5 yards per attempt right now for a stagnant Broncos’ offense, and is scheduled for free agency after the 2022 season. A loss in London could mean a firesale for Denver before the 11/1 deadline.

Cam Akers (LAR, 23)

Deadline Salary: $650k

Akers fell out of favor with the Rams about as quickly as any player has. His rookie contract has a year and a half remaining on it, but none of it is guaranteed. He's a $650k rental at the deadline if someone is willing to bite, leaving behind dead cap hits of $1.03M in 2022, and another $512k in 2023.

Antonio Gibson (WSH, 24)

Deadline Salary: $588,011

With Brian Robinson back in the fold, Gibson’s role is certain to be reduced. His rookie contract runs non-guaranteed through 2023, so teams could be gaining a year and a half of decent value with a deadline move. Washington would take on dead cap hits of $757,252 in 2022 & $286,843 in 2023.

Jeff Wilson (SF, 26)

Deadline Salary: $575,000

McCaffrey’s arrival immediately had teams calling the Niners about Wilson, who are certainly listening. He comes with a minimum salary on an expiring contract for the next 10 weeks, so there’s real bang for buck potential here. San Francisco would retain a $510,000 dead hit per this move.

 

WIDE RECEIVERS

Brandin Cooks (HOU, 29)

Deadline Salary: $914,081

Cooks signed a 2 year extension with Houston this past April, but the Texans appear poised to sell anyone for parts right now (as they should be). He’s relatively cost-controlled for the remainder of 2022, but a fully guaranteed $18M salary for 2023 likely has some teams staying away - barring a restructure.

Kendrick Bourne (NE, 27)

Deadline Salary: $3.09M

Bourne is one of the more expensive players being rumored at the deadline, at least for the remainder of 2022. His contract contains a non-guaranteed $5.5M salary in 2023, so there’s a chance this can be more than just a rental for an acquiring team. The Patriots would take on dead cap hits of $3.28M in 2022, and another $1.4M in 2023.

Jerry Jeudy (DEN, 23)

Deadline Salary: $1.1M

Jeudy hasn’t lived up to this #15 overall selection to date, and the Broncos could be one of the more aggressive teams at this deadline from a selling stance. Jeudy’s contract carries fully guaranteed salaries of $1.1M to finish 2022 & $2.6M through 2023, with a 5th-year option available for 2024.

Elijah Moore (NYJ, 22)

Deadline Salary: $592,435

Moore’s request to be shipped out of NY has been denied by the Jets (thus far), but deadlines spur actions and teams are likely still calling. Moore’s remaining contract stands at 2 ½ years, $3.94M, with $1.6M of that fully guaranteed.

Chase Claypool (PIT, 24)

Deadline Salary: $673,000

Claypool still hasn’t found footing in Pittsburgh, despite 4 quarterbacks attempting to gel with him. None of the $673,000 remaining in 2022 or the $1.5M slated for 2023 are guaranteed, so a late round draft pick might make sense for a team looking to bulk up depth in their WR room with little risk. The Steelers would take on dead hits of $1.1M in 2022, and $593k in 2023.

Marquez Callaway (NO, 24)

Deadine Salary: $497,222

The Saints can’t stop adding players to the trade block, and Callaway might be the best “value” of them all. He’s eligible for restricted free agency after 2022, keeping him cost-controlled for a year and a half.

 

TIGHT ENDS

Mike Gesicki (MIA, 27)

Deadline Salary: $6M

Gesicki went from arguably the Dolphins’ best pass catching threat the past few years, to almost non-existent in 2022. While the price is a bit hefty for a deadline move, a big name injury in the next few weeks can spur some action (Dallas comes to mind early on). It’s a 1 year, fully guaranteed $6M deal at the deadline.

Albert Okwuegbunam (DEN, 24)

Deadline Salary: $497,222

He’s played only 25% of the Broncos’ snaps to date, and appears certain to be on the move in the coming days. The acquiring team takes on a less than $500k salary for the remainder of 2022, and a $1.01M option for 2023 - none of it guaranteed. Denver will retain dead cap hits of $585,038 in 2022, $187k in 2023,

 

OFFENSIVE LINEMEN

Isaiah Wynn (NE, OT, 25)

Deadline Salary: $5.785M

The former #23 overall pick has been in and out of favor with the Patriots, but it appears he’s not long for this roster one way or another. His 5th-year option salary makes him somewhat expensive for a deadline move, but it only takes one team.

 

DEFENDERS

Bradley Chubb (DEN, LB, 26)

Deadline Salary: $7.06M

Chubb seems to be the big fish on the market this weekend, as contenders identify him as the “Von Miller” of the class. There aren’t many teams with $7M+ of cap space out of the gate, so Denver might be eating quite a bit of this remaining salary in order to buy a better draft package. 

Josh Allen (JAX, LB, 25)

Deadline Salary: $1.9M

Jacksonville hasn’t made it clear that Allen is available, but that’s not stopping teams from calling. The contract carries a fully guaranteed $1.9M through 2022, then a fully guaranteed $11.5M 5th-year option in 2023, so this is more than just a rental move.

Brian Burns (CAR, DE, 24)

Deadline Salary: $1.3M

Carolina claims that Burns is still off limits - but a couple of first round picks can change that tune quickly. He’s fully guaranteed at $1.3M through 2022, with a fully guaranteed $16M 5th-year option in 2023.

William Jackson (WSH, CB, 30)

Deadline Salary: $3.17M

Jackson and the Commanders have been at odds most of the season, so they’ll be thrilled to find a partner in the next few days. $2.7M of the remaining salary for 2022 is fully guaranteed, but none of the $12.75M scheduled for next season is.

Roquan Smith (CHI, ILB, 25)

Deadline Salary: $5.4M

The Bears and Smith agreed to “live with each other” after offseason trade demands went nowhere. Chicago should be looking for as many draft picks as possible down the stretch these days, so adding Smith and his expiring contract back to the trade block (amongst others) makes the most sense. They’ll take on $4.3M of 2022 dead cap to ship him out at the deadline.

Sidney Jones (SEA, CB,  26)

Deadline Salary: $1.26M

Jones has been relegated to a depth role in Seattle, and could garner the Seahawks another draft asset this weekend. He’ll be an unrestricted free agent next March.

Sean Bunting (TB, CB, 25)

Deadline Salary: $1.4M

Bunting is on an expiring contract, scheduled for unrestricted free agency in a few months. His deadline salary is a little pricier than some teams will be willing to spend for depth, but he sees a likely move regardless. The Bucs will take on a $1.9M dead cap hit per this trade.

Michael GinnittiOctober 28, 2022

8 veteran quarterbacks were handed contract extensions prior to the 2022 regular season. All 8 of those quarterbacks are currently underproducing per their career standards. Our dive into the numbers

Aaron Rodgers

Signed a 3 year, $150.8M extension to remain with the Packers this past March. Rodgers & the Packers are off to a 3-4 start, with a tough Buffalo matchup waiting for them this weekend.

Rodgers is posting 6 year lows in many of the passing categories to start the year, including 228 yards per game, a 94.3 rating, 6 fumbles, and a 26 touchdown pace. A damaged throwing hand thumb can certainly be factored in, but this is an offense with very little cohesion right now.

Contractually the two sides will have to be 100% committed to each other at the end of the season in order to proceed as is. A $58.3M option bonus is set to hit the books 5 days into the 2023 waiver period, setting up a boatload of dead cap for the Packers no matter how this thing ends. The same can be said in 2024, when a $47M option bonus will kick in.

 

Matthew Stafford

Stafford was rewarded by the Rams for his Super Bowl winning 2021 campaign with a 4 year, $160M extension, including $61.5M cash in 2022. LA finds themselves 3-3 heading into November, a game behind the Seahawks in the NFC West.

Statistically, Stafford is completing a career-best 71% of his passes, but the yardage is down, the TDs are down, the interceptions are up, the fumbles are up, and passer rating (84.6) is miserably down. Like the Packers, LA doesn’t appear to have enough horses in the barn to run a successful offense currently.

Contractually, Stafford is fully guaranteed through 2023, and 2024 fully guarantees next March. Then $10M of 2025 guarantees March of 2024. So for all intents and purposes, there’s at least $70M more to be squeezed out of this contract - for better or worse.

 

Russell Wilson

The mystery of Russell Wilson’s lost production isn’t being solved any time soon. The last place 2-5 Broncos look about as disjointed as an offense can.

Wilson is completing 58% of his passes. He has 5 passing TDs in 6 games. His 83.3 Passer Rating puts him just behind Davis Mills. And he’s on pace to rush for just 240 yards on the ground, a facet of his game that appears to have vanished for good. 

Contractually, he should be heading toward a non-guaranteed $27M salary on an expiring contract - if not for the $161M guaranteed extension he was blindly handed this past September. Wilson is fully guaranteed through the 2024 season right now, and his 2025 salary locks in when March 2024 rolls around. There are no per game bonuses, no workout bonuses, no early roster bonuses that can be restructured or converted. It’s just guaranteed salary for 3 ½ more years.

 

Derek Carr

Carr was heading into an expiring contract year before the Raiders extended him out 3 years, $121.5M. The new deal carries $65.2M of potential guarantees - but only $25M at signing (his 2022 compensation.

Statistically, Carr’s resume isn’t as daunting as some of the other names on this list, but he’s certainly on pace to finish with lower numbers than last year across the board. His current 91.3 Passer Rating is his lowest number since 2017, as is his 63.5% completion rate.

This is a contract to watch in the coming months, as it truly can be a 1 year, $25M deal in its simplest form. If he’s healthy, the Raiders can release Carr before February 15th, owing him no additional salary, while taking on a measly $5.6M dead cap hit ($29.2M saved). After this date, his $33M salary for 2023, + $7.5M of 2024 compensation becomes fully guaranteed. All $40M of this is currently guaranteed for injury right now.

 

Kyler Murray

Despite completing 65% of his passes, Murray is down about 30 passing yards per game, and his 83.7 Passer Rating is almost 17 points lower than his 2021 finish.

The timing and structure of this contract have been well documented (especially from us), but it’s worth saying it again, as the Cardinals find themselves 3-4 and in the NFC West basement. Murray’s going to earn $219M through 2027, from someone. He possesses one of the strongest contract structures in the history of the NFL.

 

Deshaun Watson

Statistically speaking - nope.

Contractually, Watson has already cashed in $44.965M this year. When he returns to the Browns, he’ll pocket another $402,500 for the remainder of the 2022 campaign. Then it’s $46M x 4 years, fully guaranteed from here out: $184M

 

Kirk Cousins

Don’t forget about Kirk. The Vikings tacked on $35M guaranteed to Cousins’ previous contract for salary cap (and football) purposes. He’s basically posted numbers that align with his career, however the efficiency is down - a path we’re seeing with all of these listed quarterbacks.

Cousins’ passer rating currently sits at 88.7, 14 points less than last season. He’s on pace for 14 INTs after throwing only 7 in 2021.

Contractually, Kirk is inline for another $30M (guaranteed) in 2023, and currently holds a fairly tenable $36.25M cap hit next season.

 

Tom Brady

After he unretired, the Buccaneers freed up $8.3M of much needed cap space by restructuring Brady’s previous contract. The maneuver increased Brady’s cash from $12.2M up to $30M, the 2nd largest single season payout in his career.

Through 8 games, Brady’s numbers aren’t awful. They’re just not translating into TDs at near the rate he’s used to producing at. In fact, of the 7 QBs listed here, Brady’s 92.37 passer rating is by far the best. His 283 yards per game is by far the best. But the 19 TD passes he’s on pace for is eerily low.

Contractually, this is still a 1 year deal for Brady, as the Bucs utilized void years to spread the cap out in their favor. If (when) he walks away after 2022, Tampa Bay will have $35.1M of dead cap to deal with in 2023.

Michael GinnittiOctober 27, 2022

Since drafted #20 overall back in 2021, Kadarius Toney has seen action in just 12 games, including only 2 thus far in 2022. The Chiefs will now take on this project in return for a 2023 3rd round compensatory draft pick, and a 2023 6th round pick.

 

The Traded Contract

Toney brings with him a 2 ½ year, $5.22M fully guaranteed contract to Kansas City, including a 5th year option for the 2025 season.

2022: $784,431 (guaranteed)
2023: $1,907,228 (guaranteed)
2024: $2,530,842 (guaranteed)
2025: 5th-year option available

 

The Dead Cap & Savings

The Giants free up minimal cap space in each of the next 3 seasons with this move, but they take $5.2M cash off of their books, and acquire two picks, one with a chance to be extremely helpful next April.

Dead Cap
2022: $2,333,639 ($499,183 cash)
2023: $3,668,912

Cap Savings
2022: $784,431
2023: $72,772
2024: $4,365,298

 

In Conclusion

The Chiefs are operating with quantity in their offense right now, and Toney not only adds to that - but has a chance to become the featured quality option over the next few seasons. He’ll certainly have the right quarterback throwing him passes from here out.



Michael GinnittiOctober 27, 2022

Robert Quinn requested a trade away from the Bears this past offseason. On Wednesday, Chicago finally granted his wish, shipping the 32 year old pass rusher to the 1st Place Philadelphia Eagles in exchange for retained salary, and a 2023 4th round draft pick.

 

The Traded Contract

Philadelphia picks up a 3 year, $27.7M contract per this deal, but only the $684,444 comes with any type of guarantee.

2022: $684,444 (guaranteed)
2023: $14M (non-guaranteed)
2024: $13M (non-guaranteed)

Update: The Eagles have agreed to remove the final two years of the contract per the terms of the trade. Quinn will now be eligible for free agency after the 2022 season.

 

The Dead Cap & Savings

The Bears paid a price to gain a halfway decent (4th round) draft pick out of this transaction. Chicago agreed to retain $7.1M of the remaining $7.82M in 2022 salary still due to Quinn. So in total:

Dead Cap
2022: $16,453,055 ($12.215M cash)
2023: $8,475,000

Cap Savings
2022: $684,444
2023: $9,762,500
2024: $17,237,500

 

In Conclusion

The Bears accomplished 3 things here: They moved on from a player who openly did want to remain with the organization. They acquired a mid round draft pick that gives them a chance at plugging an immediate hole next year, and they opened up $10M of cap space across this and next season to further help in their rebuilding process.

If they achieved all of that for an additional $7.1M, who am I to say that it wasn’t money well spent (yet).

Michael GinnittiOctober 25, 2022

The New York Jets wasted little time replacing their injured star running back Breece Hall (torn ACL), when they acquired James Robinson from the Jacksonville Jaguars.

The Jets will forfeit a 2023 6th round pick that can convert to a 5th rounder if Robinson rushes for 600 yards total in 2022. He enters week 8 with 340 yards gained already.

Contractually speaking, Robinson was entering year 3 of his undrafted rookie contract. He brings with him a non-guaranteed $546,946 salary to the Jets, leaving behind $349,721 of dead cap to the Jaguars.

Robinson is eligible for restricted free agency next March, and could factor into the Jets’ rotation on a low end tender (scheduled to cost around $2.6M next season). If such becomes the case, New York will have Hall, Robinson, & Michael Carter under contract for around $5.8M of allocated cap space - a lethal value play for a team on the upswing.

Michael GinnittiOctober 21, 2022

The 49ers planted their foot in the ground as serious NFC contenders last night when they acquired RB Christian McCaffrey from the Carolina Panthers in exchange for four draft picks.

The trade compensation suggests that multiple teams had made offers for the 26 year old offensive weapon, with teams like the Bills & Rams all reportedly interested.

The Terms

San Francisco Acquires:
RB Christian McCaffrey (26)

Carolina Acquires:
2023 2nd round pick
2023 3rd round pick
2023 4th round pick
2024 5th round pick

The Traded Contract

The Niners are set up for outstanding financial value with this contract through the remainder of 2022, thanks to a simple base salary restructure that was processed on McCaffrey’s contract by the Panthers this past March.

SF’s Cap/Cash Hits
2022: $690,000 (guaranteed)
2023: $12,000,000 ($1M guaranteed for injury)
2024: $12,000,000 (non-guaranteed)
2025: $12,200,000 (non-guaranteed)

49ers 2022 Salary Cap Table

The Dead Cap & Cash

The Panthers will take on significant dead cap hits each of this and next year per this trade. 2022: $8,095,750 ($7,910,000 cash)
2023: $18,352,250 ($0 cash)

Panthers 2022 Salary Cap Table

The Savings

In addition to the four draft picks acquired, Carolina frees up a little bit of cap space both this and next season, and a good amount of potential cash going forward as well.

2022: $690,000 cap/cash saved
2023: $1,198,500 cap, $12,000,000 cash saved

The Draft Picks

With four shiny new picks acquired from this deal, the Panthers now boast some of the best draft capital in the league.

Projected 2023 1st-4th Round Picks:
#1, #33, #51, #86, #97, #117

In Conclusion

The 49ers get a bonafide offensive star for a bounty of draft picks, and he barely moves the needle financially speaking this season. In fact, even with McCaffrey in tow, San Francisco is only allocating $3,368,545 to their active running back core in 2022, 30th in the NFL.

However, the 49ers have now essentially forfeited their 2023 draft, with the #148 selection in the 5th round currently slated to be their first pick (compensatory draft picks notwithstanding). It’s an all-in move from San Francisco, something we’ve seen work quite a bit across the sports world of late.

And if Jimmy Garoppolo isn’t “the guy” - maybe Christian McCaffrey can be.

Michael GinnittiOctober 17, 2022

After a sideline altercation with the coaching staff more than sealed his time in Carolina, WR Robbie Anderson was traded to the Arizona Cardinals Monday for 2 late round draft picks.

The Cardinals will relinquish a 2024 6th round pick, & a 2025 7th round pick for the wideout, who brings a team friendly salary to his new team.

Undrafted out of Temple back in 2016, Carolina signed Anderson to a 3 year, $37.7M contract last August, including $20.5M fully guaranteed at signing. Furthermore, the Panthers converted $11.7M of 2022 salary into signing bonus, this past March, leaving only the prorated minimum salary to be moved in this trade.

Arizona Receives

Total Contract: 2 years, $12.69M

2022 Cap/Cash: $690,000 (guaranteed)
2023 Cap/Cash: $12M ($0 guaranteed)

There’s a $3M roster bonus due next March that will put the 2023 salary on notice. If the remainder of the year goes well, a $12M salary may be tenable financially speaking.


Carolina Retains
The Panthers keep $19.9M of dead cap on their books per this move, broken out as:

2022: $10.26M
2023: $9.7M

Carolina saved just $690,000 (cap & cash) this season, but a worthwhile $12M (cap & cash) for 2023. 


Concluding Thoughts
Anderson’s acquisition is a reaction to the (possibly) season ending loss of WR Marquise Brown (foot). For now, the Cardinals now have DeAndre Hopkins ($30.75M), Marquise Brown ($13.4M), and Robbie Anderson ($12M) on the 2023 books for a combined $56M of cap.

Michael GinnittiOctober 14, 2022

Cam Akers

RB, Rams
Age: 23
Deadline Salary: $650k

Akers fell out of favor with the Rams about as quickly as any player has. His rookie contract has a year and a half remaining on it, but none of it is guaranteed. He's a $650k rental at the deadline if someone is willing to bite.

 

William Jackson

CB, Commanders
Age: 30
Deadline Salary: $3M

The Commanders take on dead cap hits of $10.8M in 2022 ($3M saved), & $9M in 2023 ($6.75M saved). New team acquires cap & cash hits of $3M for 2022, $12.75M for 2023 ($2.5M roster bonus due March 17th).

 

Daron Payne

DT, Commanders
Age: 25
Deadline Salary: $4.7M

Payne is set for unrestricted free agency after 2022, playing out his 5th year option this season. Washington would take on $3.8M of dead cap to trade him at the deadline.

 

Robbie Anderson

WR, Panthers
Age: 29
Deadline Salary: $575,000

The Panthers restructured most of Anderson’s 2022 salary, so they’ll be eating a healthy chunk of dead cap to move on here: $10.3M in 2022 ($575k saved), $9.7M in 2023 ($12M saved). New team acquires him at $575,000 for 2022, $12M for 2023 (including a $3M roster bonus due in early March).

 

Christian McCaffrey

RB, Panthers
Age: 26
Deadline Salary: $575,000

The Panthers restructured most of McCaffrey’s 2022 salary so they’ll be eating a healthy chunk of dead cap to move on here: $8.21M for 2022 ($575k saved), $18.3M for 2023 ($1.1M saved). New team acquires him at $575,000 for 2022, $12M for 2023, $12M for 2024, $12.2M for 2025, with only the 2022 compensation fully guaranteed. 

 

Chase Claypool

WR, Steelers
Age: 24
Deadline Salary: $673,000

Claypool still hasn’t found footing in Pittsburgh, despite 4 quarterbacks attempting to gel with him. None of the $673,000 remaining in 2022 or the $1.5M slated for 2023 are guaranteed, so a late round draft pick might make sense for a team looking to bulk up depth in their WR room with little risk. The Steelers would take on dead hits of $1.1M in 2022, and $593k in 2023.

 

Roquan Smith

LB, Bears
Age: 25
Deadline Salary: $5.4M

The Bears and Smith agreed to “live with each other” after offseason trade demands went nowhere. Chicago should be looking for as many draft picks as possible down the stretch these days, so adding Smith and his expiring contract back to the trade block (amongst others) makes the most sense. They’ll take on $4.3M of 2022 dead cap to ship him out at the deadline.

 

Robert Quinn

DE, Bears
Age: 32
Deadline Salary: $7.1M

Like Smith (above), Quinn expressed early frustration with sticking on this floundering Bears’ roster. Little materialized from it, and Quinn hasn’t exactly helped the matter on the field (#110 edge rusher according to PFF), but if the Bears are desperate for draft capital, they can certainly “buy back” much of this remaining salary in order to increase their trade price. On its face, Quinn’s contract would carry over $7.1M (guaranteed) in 2022, $14M in 2023 (non-guaranteed) and $13M in 2024 (non-guaranteed).

 

David Montgomery

RB, Bears
Age: 25
Deadline Salary: $1.55M

Montgomery has shown flashes of being a true bellcow RB1 in this league, with above average pass-catching abilities as well. He’s playing out the final year of his contract, and it seems unlikely the Bears will be in position to continue this relationship going forward, so pulling back a mid-to-late draft pick (versus playing the compensatory draft pick game) probably makes good business sense. Chicago will take on $1.24M of dead cap at the deadline here.

 

M.J. Stewart

S, Texans
Age: 27
Deadline Salary: $965,000

Former 2nd round pick Stewart was waived out of his rookie contract by Tampa back in 2020. Now, on a near minimum 1-year contract, and in a depth role for the Texans, he’s rounded into one of the better pass coverage safeties in the league. An extension to stay in Houston might be option 1, but the Texans have been known to flip players like this for a pick whenever possible, and a certain AFC Favorite is  awfully short handed in their secondary.

 

Josh Jacobs

RB, Raiders
Age: 24
Deadline Salary: $1.1M

The Raiders declined Jacobs’ $8M 5th-year option for 2023, so he’s operating on a pretty friendly expiring salary here. He’s been a huge part of the Las Vegas offense, so as long as they believe they’re in the playoff hunt, shopping Jacobs is likely off of the table. But with $1.1M to be acquired at the deadline, it’s easy to imagine there’s a suitor or two out there.

 

Kenny Golladay

WR, Giants
Age: 29
Deadline Salary: $7.2M

Who knows. Contractually speaking, we’re talking about a fully guaranteed $7.2M in 2022, $18M in 2023 ($4.5M guaranteed), $18M in 2024 ($0 guaranteed). This seems too rich to be traded, but the Giants can offer to eat the lion’s share of it to buy a draft pick.

 

Saquon Barkley

RB, Giants
Age: 25
Deadline Salary: $4M

The 4-1 Giants probably aren’t seriously considering moving one of their biggest weapons, despite his expiring contract, but a lot can change over the next few weeks. If an offer at or north of what his compensatory draft pick value would be comes in, NY will have to take the call.

 

Mike Gesicki

TE, Dolphins
Age: 27
Deadline Salary: $6M

Gesicki went from arguably the Dolphins’ best pass catching threat the past few years, to almost non-existent in 2022. While the price is a bit hefty for a deadline move, a big name injury in the next few weeks can spur some action (Dallas comes to mind early on). It’s a 1 year, fully guaranteed $6M deal at the deadline.

Michael GinnittiSeptember 30, 2022

Once the 2022 regular season concludes, 2020 draft picks will become contract extension eligible for the first time in their careers. We’ll take a look at where the first five drafted quarterbacks stand in terms of calculated values, realistic projections, and thoughts on what could be on the table next spring.

Joe Burrow (CIN, 25)

Spotrac Valuation: $40.3M
Realistic Baseline: 5 years, $260M ($52M)
2023 Prediction: Extension

Burrow’s stock hit an all-time high with the Bengals’ magical 2021 run, but things have come back down to earth a bit slightly to start the 2022 campaign. Cincy doesn’t have a great track record with high, multi-year guaranteed contracts, but that will certainly change with this negotiation. Burrow has a better resume than previous #1 overall pick Kyler Murray, who locked in $220M over the next 6 seasons.

 

Tua Tagovailoa (MIA, 24)

Spotrac Valuation: $37.3M
Realistic Baseline: 5 years, $225M ($45M)
2023 Prediction: No Extension

It’s been a wild start to Tua’s third campaign, as he’s shown both immediate improvement in various areas - and terrifying injuries. Things were trending in the right direction for Tua getting a second contract in Miami, but it stands to reason that that process is on hold for the immediate future. There’s plenty of season left to change that notion, but Tua remains on the “maybe” list for an early extension for now.

 

Justin Herbert (LAC, 24)

Spotrac Valuation: $43.7M
Realistic Baseline: 5 years, $250M ($50M)
2023 Prediction: Extension

Herbert doesn’t have the credentials or even a playoff snap to match up with Burrow but he’s every bit the talent (if not more). The Chargers have invested plenty over the past two offseasons both in free agency, and in extending their own, to solidify a core group. Adding a mega contract for Herbert to that list makes plenty of sense as the next logical step.

 

Jordan Love (GB, 23)

As the 4th QB drafted in this class, Love’s future at least belongs in this conversation. What feels like a dead end could quickly become much more if Aaron Rodgers decides to hang it up - or switch teams - after 2022. Love holds a fully guaranteed $2.3M in 2023, and the Packers will have a decision on his 5th year option for 2024 next May, so there’s no major rush here. 

 

Jalen Hurts (PHI, 24)

Spotrac Valuation: $43.8M
Realistic Baseline: 5 years, $240M ($48M)
2023 Prediction: Extension

Hurts has the most to gain out of this group, with an organization that invested heavily via the draft, free agency, and trade wire to make this a legitimate contending team. Philadelphia looks the part to start 2022, and Hurts (currently #2 according to PFF) does too. Howie Roseman may already have the contract printed at this point. 

Michael GinnittiSeptember 26, 2022

Russell Wilson’s 5 year, $242.5M extension with the Denver Broncos came with 2 years, $51M left on the contract he was acquired on. The new deal lowered his 2022 cap figure from $24M down to $17M, despite an increase in cash from $24M to $57M.

Structurally, the deal is a dead cap nightmare, as it contains a $50M signing bonus, a $20M 2nd year option bonus and a $22M 3rd year option bonus. These bonuses keep his base salaries & cap figures relatively low over the next 3 seasons, and also build in a 4 year guarantee with almost certainty.


CASHFLOW
Wilson will see $57M in Year 1 (3rd most), $85M through Year 2 (5th most), $124M through Year 3 (4th most), & $161M through Year 4 (2nd most). HIs $50M signing bonus ranks 3rd among active players, behind only Dak Prescott ($66M), and Matthew Stafford ($60M).

$135M of the $296M total value contract lives in the last 3 years of the contract. These years contain no full guarantees, and are considered “option” years for all intents and purposes.



CAPFLOW
As mentioned above, the new contract lowers Wilson’s 2022 cap figure by $7M, down to $17M. The Broncos also see a cap credit of $5M in 2023, as that hit drops from $27M to $22M. The deal includes a $35.4M cap figure in 2024, which should represent around 15% of the league salary cap for that season, a more than tenable number.

In 2025 however, Wilson’s cap hit is set to rise north of $55M. If the Broncos are comfortable with Wilson as their QB through 2026, they’ll most certainly convert some of the $37M base salary for 2025 into a signing bonus, lowering that year’s cap hit, but increasing the dead cap for 2026 (currently at $31.2M). This will all but ensure that Wilson sees out at least 5 of the 7 years of this contract.


GUARANTEE STRUCTURE
Wilson’s contract comes with $124M fully guaranteed at signing, including all salary and bonuses through the 2024 season. On the 5th league day of 2024, his $37M salary for 2025 becomes fully guaranteed, placing this deal as a 4 year, $161M contract for practical purposes out of the gate.

$4M of Wilson’s 2026 salary is guaranteed for injury at the time of signing, but with any form of salary restructure in 2024 and/or 2025, the dead cap should secure his 2026 salary anyway.


TIMING
The Broncos urgency to get a deal done with their new QB prior to him ever taking a snap for them may be a contentious decision at some point of this contract (positively or negatively speaking), Denver had a perfect model to piggyback off of in Matthew Stafford’s trade to the Rams, and eventual extension after a superb, Super Bowl winning, first season in LA.

Was Denver worried that the longer they wait, the more expensive this contract would get? Was getting in and out of the guaranteed portion of the new contract before age 38 important to them? Or were they simply charmed into locking up Wilson because of the immediate impact & charisma he brought to the organization, even before taking the field?

Only time will tell.

Michael GinnittiSeptember 09, 2022

The 2022 NFL regular season is here, which means it’s the perfect time to start thinking about which players may not be on their current rosters come 2023. Our way too early look at notable names with contract outs after this season, and the savings to their respective teams should a trade or release happen next spring.

Quarterbacks

Ryan Tannehill (TEN, 34)

Contract Thru: 2023

2023 Cap: $36.6M (-$2M)

Potential Savings: A Pre-June 1st trade or release leaves behind $18.8M of dead cap, freeing up $17.8M of cap. A Post June-1st move can free up $27M.

 

Jared Goff (DET, 28)

Contract Thru: 2024

2023 Cap: $30.65M (-$500k)

Potential Savings: An early March roster bonus ($5M), means Detroit will have to move quickly if they plan to get out from under this contract. With only $10M of dead cap on the books, there’s over $20M to be saved here.

 

Carson Wentz (WSH, 29)

Contract Thru: 2024

2023 Cap: $26.1M (-$2.1M)

Potential Savings: A $5M roster bonus and $4M of 2023 salary become fully guaranteed on March 17th, so it’ll be an early exit for Wentz if necessary. Doing so will leave behind $0 of dead cap, freeing up all $26.1M.

 

Derek Carr (LV, 31)

Contract Thru: 2025

2023 Cap: $34.8M (+$15.5M)

Potential Savings: Despite a brand new contract, the Raiders built in a “slight” out after 2022. His 2023 salary & $7.5M of 2024 salary don’t fully guarantee until 2/15/2023, allowing Vegas a chance to outright release him with just $5.625M of dead cap - saving $29.25M. 

 

Jameis Winston (NO, 28)

Contract Thru: 2023

2023 Cap: $15.6M (+$11.6M)

Potential Savings: $5.8M of Winston’s 2023 salary fully guarantees on 3/17/2023. A release prior to means $11.2M of dead cap, freeing up $4.4M.

 

Mitchell Trubisky (PIT, 28)

Contract Thru: 2023

2023 Cap: $10.625M (+$7M)

Potential Savings: For now, moving on from Trubisky after this season means $2.625M of dead cap, $8M saved. However, he has the chance to vest early March roster bonuses starting with 60% playing time in 2022, so it’s a situation to be monitored.



Running Backs

 

Ezekiel Elliott (DAL, 27)

Contract Thru: 2026

2023 Cap: $16.72M (-$1.5M)

Potential Savings: With no additional early guarantees left on this contract, Zeke is operating year-to-year from here out. A Pre-June 1st trade or release after 2022 means $11.86M of dead cap, $4.86M saved, while a Post-June 1st move can save almost $11M next season.

 

Dalvin Cook (MIN, 27)

Contract Thru: 2025

2023 Cap: $14.1M (+$2.3M)

Potential Savings: While there’s no reason to believe the Vikings are ready to move on here, the contract offers a sizable out after 2022. $2M of his 2023 salary will become fully guaranteed on March 17th, but there’s only $6.2M of dead cap elsewhere on the deal. An early trade frees up nearly $8M of cap. We’re probably a year away from this being a real conversation though.

 

Christian McCaffrey (CAR, 26)

Contract Thru: 2025

2023 Cap: $19.5M (+$10.8M)

Potential Savings: Back to Back restructures have built up over $18M of dead cap in 2023, but there’s still a Post 6/1 out for Carolina if needed, a move that can free up $12M of cap. This is one to watch.

 

Derrick Henry (TEN, 28)

Contract Thru: 2023

2023 Cap: $15.75M (+$6M)

Potential Savings: Tennessee recently pulled $2M from 2023 into 2022, putting the remainder of the contract on notice. An extension is extremely possible, but if the Titans go the other direction, there’s $6.75M to be saved Pre-June 1st, $10.5M if after.

 

Austin Ekeler (LAC, 27)

Contract Thru: 2023

2023 Cap: $7.25M (+$250k)

Potential Savings: Still the clear front-runner in the RB room, if Ekeler is forced off the roster next year, the Chargers can free up $5.75M at any point in time. There are new horses in the barn, but Ekeler at $7.25M still feels like too much value to give up on.

 

Aaron Jones (GB, 27)

Contract Thru: 2024
2023 Cap: $20.02M (+$14.1M)

Potential Savings: Jones has a $7M roster bonus due March 17th, but even an early March trade or release can free up $10.4M for the Packers. How Green Bay handles the Jones/Dillon future will be fascinating, especially if Aaron Rodgers retires.

 

Joe Mixon (CIN, 26)

Contract Thru: 2024

2023 Cap: $12.85M (+$1.4M)

Potential Savings: Mixon’s deal contains no more early vesting guarantees, so the Bengals control his destiny from here out. There’s $7.35M to be saved Pre-June 1st, $10.1M if after. Mixon is one of the best backs in the game, but the Bengals have a lot of mouths to feed soon.

 

Chase Edmonds (MIA, 26)

Contract Thru: 2023

2023 Cap: $6M (+$1.1M)

Potential Savings: Edmonds’ 2023 contains no early bonuses or guarantees. Miami can free up $6M if needed. The Dolphins may be treating the RB position as a revolving door in their new spread offense.

 

Nyheim Hines (IND, 25)

Contract Thru: 2024
2023 Cap: $6.29M (+$1.1M)

Potential Savings: Hines’ 2023 contains no early bonuses or guarantees. The Colts can free up $3.29M Pre-June 1st, $4.79M thereafter. Jonathan Taylor’s payday is coming.

 

Gus Edwards (BAL, 27)

Contact Thru: 2023

2023 Cap: $5.63M (+$1.1M)

Potential Savings: Edwards’ 2023 contains no early bonuses or guarantees. Baltimore can free up $4.38M as needed.



Wide Receivers

 

Michael Thomas (NO, 29)

Contract Thru: 2024

2023 Cap: $28.2M (+$15.2M)

Potential Savings: There’s a minimal $250,000 roster bonus due March 19th, 2023, but a Post-June 1st release ($16.45M saved) is the likely outcome here if the Saints are looking to move on. 

Curtis Samuel (WSH, 26)

Contract Thru: 2023

2023 Cap: $13M (+$400k)

Potential Savings: Samuels’ 2023 contains no early bonuses or guarantees. The Commanders can free up $5.8M as a Pre-June 1st move, $10.6M if after.

 

Adam Thielen (MIN, 32)

Contract Thru: 2024

2023 Cap: $19.9M (+$8.3M)

Potential Savings: Thielen is set up for a big 2022, but his contract offers an out thereafter if needed. His $11.8M 2023 salary fully guarantees 3/17, but a Pre 6/1 move frees up $6.4M, while a Post 6/1 designation clears $13.4M.

 

Robbie Anderson (CAR, 29)

Contract Thru: 2023

2023 Cap: $21.7M (+$10.8M)

Potential Savings: Anderson holds an early March roster bonus ($3M), but his huge cap number signifies some sort of movement on this contract. A good year likely means an extension, otherwise, there’s $12M to be cleared here.

 

Tyler Boyd (CIN, 27)

Contract Thru: 2023

2023 Cap: $10.3M (+$200k)

Potential Savings: The Bengals probably want to keep Boyd in the fold, but with new extensions forthcoming for Burow, Chase, & Higgins, he may be a casualty next March. Cincy can free up $8.9M of cap to move on.

 

Robert Woods (TEN, 30)

Contract Thru: 2025

2023 Cap: $13.75M (+$3.75M)

Potential Savings: Traded for just a 6th round pick, Woods is on the same “1 year and we’ll see” plan as Ryan Tannehill. Tennessee can free up all $13.75M by moving on.

 

DeVante Parker (NE, 29)

Contract Thru: 2023

2023 Cap: $6.3M (+$300k)

Potential Savings: The Pats gave up a 3rd to bring Parker on board, so it’s likely that they get at least two years out of him, but if things fall apart here, there’s $6.3M to be saved ($0 dead cap).

 

Corey Davis (NYJ, 27)

Contract Thru: 2023

2023 Cap: $11.1M (-$2.5M)

Potential Savings: Davis’ 2023 contains no early bonuses or guarantees. The Jets can free up $10.5M if needed.



Tight Ends

 

Hunter Henry (NE, 27)

Contract Thru: 2023

2023 Cap: $15.5M (+$500k)

Potential Savings: Unlike his counterpart Jonnu Smith, Henry has no guarantees in 2023. While an extension is much more likely than a trade or release, there’s $10.5M to be freed up here if the Patriots decide to blow this whole thing up.

 

Tyler Higbee (LAR, 29)

Contract Thru: 2023

2023 Cap: $8.625M (+$4.4M)

Potential Savings: The Rams are always fighting with the salary cap come March, so while a move away from Higbee would be surprising, there’s $3.4M to be freed up early, and $6.25M if designated Post June 1st.

 

Logan Thomas (WSH, 31)

Contract Thru: 2024

2023 Cap: $8.75M (+$2.5M)

Potential Savings: Thomas’ deal contains no guarantees or early bonuses in 2023, meaning Washington can free up $5.25M with an early move, or $7M if designated Post June 1st.

 

Will Dissly (SEA, 26)

Contract Thru: 2024

2023 Cap: $9.25M (+$4.6M)

Potential Savings: With Noah Fant now in the fold, Dissly’s deal is looking more and more like it could be a one and done situation. Seattle can free up $3M by moving on before March 19th ($6.15M if designated Post June 1st).

 

Nick Boyle (BAL, 29)

Contract Thru: 2023

2023 Cap: $10.315M (+$5.9M)

Potential Savings: Boyle’s cap number jumps up $6M from this year to next. While a restructured deal can certainly fix this, it stands to reason that the Ravens will look to turn this spot over, freeing up $7M of cap.

 

Gerald Everett (LAC, 28)

Contract Thru: 2023

2023 Cap: $8M (+$4M)

Potential Savings: It could be a big year for Everett in a showtime Chargers’ offense, putting his $4M cap increase in extension potential instead of release likelihood. LA can free up $5.5M by moving on next March.

 

Cameron Brate (TB, 31)

Contract Thru: 2023

2023 Cap: $4.985M (+$2M)

Potential Savings: The Bucs keep finding value in keeping Brate around at the $4M or so mark. That’s exactly where he’ll be next season as well. Tampa Bay can free up $2M with an early release, or $4M as a Post 6/1 designation.

 

Durham Smythe (MIA, 27)

Contract Thru: 2023

2023 Cap: $4.25M (+$1.5M)

Potential Savings: If Mike Gesicki leaves for free agency, Smythe’s 2023 financials will represent decent value (for lesser production of course). If the Dolphins need to trim cap, there’s a hefty $3.5M to be found here.

 

Nick Vannett (NO, 29)

Contract Thru: 2023

2023 Cap: $3.365M (+$1.6M)

Potential Savings: Vannett has slipped to 3rd on the Saints’ TE depth chart, behind youngster Adam Trautman, and Taysom Hill (who’s already fully guaranteed thru 2023). It stands to reason that the annually cap tight Saints will take the $3M+ savings here next March.

 

Offensive Line

 

Laremy Tunsil (HOU, 28)

Contract Thru: 2023

2023 Cap: $35.2M (+$17.5M)

Potential Savings: It’s not often 28 year old left tackles are thrown to the curb, and it’s not likely that’s the case here next March, but a major cap increase, a bad team, and a regime that didn’t trade for this player, all signify question marks. Houston can free up $18.5M with a trade or release - but an extension is still much more likely.

 

Tyron Smith (DAL, 32)

Contract Thru: 2023

2023 Cap: $17.6M (+$100k)

Potential Savings: The injuries may have piled up too much for Dallas to consider moving forward with Smith. A Pre June release can free up $9.5M, while a Post 6/1 designation opens up $13.6M.

 

Taylor Lewan (TEN, 31)

Contract Thru: 2023

2023 Cap: $14.8M (+$200k)

Potential Savings: Lewan was a bubble player heading into 2022, so it’s a lock to put him back here again, especially with $14.8M to be saved.

 

David Bakhtiari (GB, 30)

Contract Thru: 2024

2023 Cap: $29M (+$15.6M)

Potential Savings: Injuries have kept him off of the field far too much since re-upping back in 2020. With a $9.5M roster bonus due March 19th, Green Bay will have to decide early on his future. A Pre June 1st release opens up $5.9M, while a Post 6/1 designation means $17.4M saved.

 

Andrus Peat (NO, 29)

Contract Thru: 2024

2023 Cap: $18.3M (+$10.7M)

Potential Savings: Peat hasn’t lived up to the billing since re-upping back in 2020. While that hasn’t stopped the Saints from restructuring the contract twice, there’s still a decent out after 2022 if needed here. A Post 6/1 designation opens up $11.825M of cap next March.

 

Graham Glasgow (DEN, 30)

Contract Thru: 2023

2023 Cap: $14M (+$7.8M)

Potential Savings: Glasgow was the 47th ranked Guard last year according to PFF, but everything about the Broncos should look better in 2022. Still, he’s slated for a backup role on the OL right now, so the $11M to be saved makes the most sense.



Defensive Line

 

Robert Quinn (CHI, 32)

Contract Thru: 2024

2023 Cap: $18.2M (+$1.1M)

Potential Savings: Quinn holds 2 years, $27M non-guaranteed on the deal after 2022, and is a fringe trade candidate, likely release candidate to start the year. A Pre June 1 release can free up $9.7M, $14M if designated Post 6/1.

 

Carl Lawson (NYJ, 27)

Contract Thru: 2023

2023 Cap: $15.3M ($0)

Potential Savings: Lawson’s first year in NY was derailed by injury. He’ll need a big 2022 to stick going forward as the Jets can free up $15M.

 

Frank Clark (KC, 29)

Contract Thru: 2023

2023 Cap: $30M (+$16.7M)

Potential Savings: Clark’s restructure to stay in 2022 was always going to be a one year situation. If the Chiefs want to keep him around, they’ll blow this up for a new contract as soon as possible. If the plan is to move on, KC can open up a whopping $21M of cap space.

 

Arik Armstead (SF, 28)

Contract Thru: 2024

2023 Cap: $23.3M (+$13.8M)

Potential Savings: Armstead posted a great 2021, and will be a key to their defense again for 2022. While it’s unlikely SF opts to move on, a new contract for Nick Bosa might make for difficult decisions. There’s $16.7M of cap to be opened up with a Post 6/1 trade or release here.

 

Roy Robertson-Harris (JAX, 29)

Contract Thru: 2023

2023 Cap: $10.1M (+$1.1M)

Potential Savings: If the Jags progress like many think they can in 2022, ruffling a lot of feathers on the starting lineup won’t be popular. With that said, there’s $7.8M of cap to be freed up here if needed.

 

Michael Brockers (DET, 32)

Contract Thru: 2023

2023 Cap: $11.9M (+$2M)

Potential Savings: Despite playing 16 games last year, Brockers was rated as the #103 interior defender according to PFF. The Lions are starting to progress, so upgrades in areas like this will be key to that momentum continuing. Moving on from Brockers frees up $10M next March.



Linebackers

Deion Jones (ATL, 27)

Contract Thru: 2023

2023 Cap: $18.4M (-$1.6M)

Potential Savings: The Falcons shopped Jones heavily this summer, to no avail. With no guarantees built into 2023, he's a lock to fall off of the roster this spring, freeing up $13.1M of cap.

 

Khalil Mack (LAC, 31)

Contract Thru: 2024

2023 Cap: $27.4M (+$18.65M)

Potential Savings: The Chargers gave up a 2nd round pick to bring Mack in this spring, so ideally they'd love to get two years out of him. With no guarantees remaining on the deal (aside from $5.5M early roster bonuses each year), LA will have plenty of space to restructure as needed, but if things turn sideways, there's $18.4M of cap to clear with a release.

 

Eric Kendricks (MIN, 30)

Contract Thru: 2023

2023 Cap: $11.4M (-$2.1M)

Potential Savings: Kendricks has been a consistent player for the Minnesota defense and should be considered an extension candidate before a trade/release one. But if the latter becomes the decision, the Vikings can free up $9.5M.

 

C.J. Mosley (NYJ, 30)

Contract Thru: 2024

2023 Cap: $21.4M (+$16M)

Potential Savings: The guarantees on Mosley's massive deal expire after 2022, putting this contract on immediate notice. A sizable restructure this summer upped the 2023 dead cap to $14.9M, but a Post June 1st release designation can still free up $17M of cap for the Jets.

 

Zach Cunningham (TEN, 27)

Contract Thru: 2024

2023 Cap: $13.75M (+$9.7M)

Potential Savings: Cunningham was claimed off of waivers in Mid-December, and remains a fixture in the Titans' starting lineup. If Tennessee starts to blow things up a bit, they'll may consider the $9.25M of cap to be freed up via trade/release as a part of that reset.

 



Secondary

 

Eddie Jackson (CHI, 29)

Contract Thru: 2024

2023 Cap: $17M (+$2M)

Potential Savings: With no early guarantees or bonuses, the Bears can move on from Jackson next spring or summer, freeing up $7.5M immediately, or $13.1M as a Post 6/1 designation.

 

William Jackson (WSH, 29)

Contract Thru: 2023

2023 Cap: $15.75M (+$1.95M)

Potential Savings: Jackson has a $2.5M roster bonus due March 17th, so the Commanders will need to decide early on this one. An immediate release means $6.75M saved, while a Post 6/1 designation opens up $12.75M.

 

Ronald Darby (DEN, 28)

Contract Thru: 2023

2023 Cap: $13M (+$150k)

Potential Savings: Darby might be the weak link in the Broncos secondary right now. That’s less about him, and more about how much firepower Denver has here. The Broncos can open up $10M of much needed cap in moving on.

 

Darius Slay (PHI, 31)

Contract Thru: 2023

2023 Cap: $26M (+$15.9M)

Potential Savings: Slay’s not going anywhere, but a $16M jump in cap from this to next year says his contract is. He’s a slam dunk restructured extension candidate unless the wheels fall off over the next 4 months.

 

Adoree' Jackson (NYG, 26)

Contract Thru: 2023

2023 Cap: $19.4M (+$10.2M)

Potential Savings: Jackson’s major jump in cap, and a Giants team still shedding contracts, signifies a breakup could be possible. He’s talented enough to warrant an extension, but the Giants may not be in the right window to do that. An early spring trade can open up $9M of cap space.

Michael GinnittiSeptember 04, 2022

As fantasy drafts finalize approaching the real Week 1, a quick dive into players we'll be watching extra closely this season (fantasy and real), as they may be playing themselves into big pay raises next spring.

Quarterbacks

Lamar Jackson (BAL)

Unmatched fantasy ceiling potential, should be motivated to put up huge regardless of the offensive game plan. Lamar Jackson/Josh Allen entered the league as similar prospects but Buffalo has done much more to develop JA as a passer via scheme, supporting cast, offseason adjustments etc. The Ravens offensive personnel and scheme is almost identical to when Jackson debuted in 2018. It’s fair to wonder where he’d be developmentally if in a different situation.

Spotrac True Value Stat Ranks:
2019: QB1
2020: QB3
2021: QB6

With this said - Lamar doesn't need to prove anything else on the field to ensure a big payday. He's holding his foot down to normalize Deshaun Watson's contract, something no other QB has been able to do as of yet. If he doesn't give in, there may very well be a $45M tag in his immediate future.

Baker Mayfield (CAR)

This is simply a bet on the player returning to (2018-2020) levels rather than the version we saw in 2021. Recurring shoulder injuries derailed his season and a deteriorating situation in Cleveland solidified his exit. Now, a fresh start in Carolina should have Mayfield motivated to prove he’s still a starting caliber QB. The division isn't nearly as competitive as some others, and there are paths to success here if you squint hard enough. If he does bounce back, it’s hard to see Carolina letting him leave after the season considering they’ve scrambled at QB since Cam Newton left. There's a world where we're projecting a franchise tag for Mayfield in a few months.

Also: Jalen Hurts (PHI), Ryan Tannehill (TEN), Geno Smith (SEA)

Running Backs

Derrick Henry (TEN)

Tennessee sweetened his 2022 pot a bit ($2M more cash, $5.2M less cap), further increasing his 2023 cap hit to $15.75M. In other words, something is going to give after the upcoming season. If he's still same ole Derrick Henry come Christmas, a restructured extension becomes extremely likely.

Aaron Jones (GB)

Jones' cap hit increases from $5.9M this year to $20M next year. There's also $16M cash built into the 2023 season, including a $7M roster bonus due in early March. With AJ Dillon chomping at the bit for a full-time role, the Packers may already have a trade/release built into Jones' future. But with Davante Adams gone, it stands to reason that the Packers offense can utilize Jones in a variety of ways for all three downs. If he has the year many expect him to, there will be pressure on Green Bay to flex this contract.

Also: Saquon Barkley (NYG), David Montgomery (CHI), Tony Pollard (DAL)

Wide Receivers

Juju Smith-Schuster (KC)

Set up for a potential monster year as the top WR in a high upside Chiefs offense with minimal target competition. Turns only 26 in November, should be in the midst of his prime. Recency bias makes us overlook his breakthrough 111/1426/7 sophomore season and he posted 97 catches, 9 TDs in 2020. Recent down years coincided with Ben Roethlisberger's decline. I’ll attribute Juju's lack of production to a limited offense led by a 40 year old quarterback rather than an actual decline in skills.

He signed a total ‘prove it’ deal (1yr/$3.76m) and I expect him to shatter that ROI. Early favorite to lead our 2023 TVS among veteran WRs. With that said, it's rare for a player to accept a $4M contract, then jump up to $25M in a matter of months. Teams pay what plays accept themselves at. He's probably on a Robbie Anderson/Corey Davis financial path from here out.

DJ Chark (DET)

Another bet on talent, buy low in a new situation with a ‘prove it’ contract (1yr/$10m). Former 2nd rd pick in 2018 (61st overall). Intriguing size/speed profile that never completely translated in underwhelming Jacksonville offense outside of 1,000 season in 2019. Again, I’ll give the player a pass and blame his lack of production on the situation (Bortles, Foles, Minshew, Urban Meyer). One could argue his current QB Jared Goff is only marginally better but offense showed competence in 2021. The Lions were 30th in yards per play allowed in 2021 and defense barely improved. Team should get into plenty of shootouts which sets up nicely for fantasy production. If this leads Chark to breakout performance, could enter 2023 FA as the most coveted WR on the market.

Allen Lazard (GB)

Lazard doesn’t have the typical profile or production of a receiver that gets a big contract. This is simply about opportunity and potential production in a contract year. Davante Adams departure leaves a huge target void that will get filled by an unproven group of receivers. Enter Lazard who played a mostly ancillary role in recent years but filled in as WR1 whenever Adams missed time and has shown clear chemistry with Aaron Rodgers. I expect Rodgers to lean on him early and often which could lead to career highs. Lazard already feels like the worst value 2023 FA WR contract.

Also: Marquise Brown (ARI), Jacobi Meyers (NE), Mecole Hardman (KC), Parris Campbell (IND)

Tight Ends

Dawson Knox (BUF)

Developmental TE who emerged as a high end red zone threat in 2021. Will need strong follow up performance to prove it wasn’t a fluke. TDs will likely regress but obvious chemistry with Josh Allen and plenty of primetime visibility should boost him into both high production and league popularity. Both pay well.

Foster Moreau (LV)

Talented TE stuck behind Darren Waller, who should see a new contract announced once he returns to full health. He should see more opportunities in Josh McDaniels' two TE offensive sets, and could play himself into a bit of an overpay on the open market (Jonnu Smith, Hayden Hurst, etc...)

Also: Dalton Schultz (DAL), Mike Gesicki (MIA), T.J. Hockenson (DET)

Dan SoemannSeptember 02, 2022

AFC Division Winners

EastBills (-230)

Buffalo is the second largest division favorite and while it’s hard to argue against their loaded roster there are subtle ways they could disappoint. Injury regression could set in or the offense could struggle under new OC Ken Dorsey. If one or both of those become reality and the Miami offense ascends to top 5 status under new coach Mike McDaniel, this division could finish much closer than anticipated. 

NorthRavens (+145)

I tend to think the North is a coin flip between Baltimore and Cincinnati but I’m betting on an MVP caliber season from Lamar Jackson and some regression from the Bengals offense.

SouthColts (-125)

If Matt Ryan is even marginally more consistent than Carson Wentz was in 2021, Indianapolis should sleep walk to a division title. I don’t like betting against Mike Vrabel but Tennessee  swapped AJ Brown for an unproven rookie and Derrick Henry is coming off a pretty significant foot injury. I suspect this quickly turns into a rebuilding year for the Titans.

WestChargers (+240)

To be clear, I’m still high on the Chiefs and think their predicted demise is premature. The way they win will look different than years past but the sum of their parts is better than people give them credit for. That being said, I just really like this Chargers squad. Tons of continuity on their already elite offense and the addition of Khalil Mack changes the entire dynamic of their defense. I’m betting this is the year it all comes together for them.


AFC Wildcard:  Chiefs, Dolphins

Michael GinnittiAugust 25, 2022

With the regular season just two weeks away, our final installment of 2022 Money Tiers focuses on the Tight End position. We've classifed a few dozen big men into various categories, noting those with multi-year financial security, plenty more on veritable one year tenders, and a few ready for their next big payday.

 

Three & We'll See

David Njoku (Browns, 26)

Signed Thru: 2025
Guarantees Thru: 2024
Guarantee Remaining: $28M

Njoku’s extension was a surprise for some, but he started to find his sea legs (finally) toward the end of 2022, and the prospect of a major QB upgrade with Deshaun Watson could really lift him to higher ceilings. His new contract carries $17M fully guaranteed right now, but another $11M locks in next March. Behind him 4th-rounder Harrison Bryant holds a 2 year, $1.9M non-guaranteed contract.

Dallas Goedert (Eagles, 27)

Signed Thru: 2025
Guarantees Thru: 2024
Guarantee Remaining: $24.25M

Goedert’s massive extension contains early vesting guarantees right through the 2024 season, though his 4 year payout of $43M isn’t exactly a market resetting cash flow. Jack Stoll (UDFA minimum) stands to get work behind him right now.

Let's Play Two

Mark Andrews (Ravens, 25)

Signed Thru: 2025
Guarantees Thru: 2023
Guarantee Remaining: $26.5M

Andrews snagged 107 balls last year, the most in his career. With Hollywood Brown now in Arizona, and Lamar Jackson looking for more reasons to garner a fully guaranteed contract, the upside potential here is massive. Financially Andrews’ $7.5M salary for 2023 is already fully guaranteed, but the final 2 years, $22M thereafter is fluffy. Nick Boyle remains his TE2 in 2022, but a high cap number ($10.3M) next year could mean change in that regard.

George Kittle (49ers, 29)

Signed Thru: 2025
Guarantees Thru: 2023
Guarantee Remaining: $23.1M

Kittle’s deal remains healthy through the 2023 season, after which there’s a 2 year, $29M non-guarantee. With youngster Trey Lance now at the helm, look for Kittle’s usage rate to soar in 2022, with increased targets for 6th-rounder Charlie Woerner as well.

Taysom Hill (Saints, 32)

Signed Thru: 2025
Guarantees Thru: 2023
Guarantee Remaining: $20M

Hill enters the 2022 season as the #2 TE on the Saints depth chart, despite holding some of the highest guarantees among the entire league positionally. He’ll factor into special teams, and may even get a few snaps at QB still, but we’ll need a TED talk someday to fully understand his financial career. Hill is fully guaranteed this year at $10.1M, and fully guaranteed next year at $9.9M.

Zach Ertz (Cardinals, 31)

Signed Thru: 2024
Guarantees Thru: 2023
Guarantee Remaining: $17.5M

With Chrisitan Kirk now in Jacksonville, and Deandre Hopkins on the shelf for 6 weeks, Ertz could be a major factor in Kyler Murray’s passing game this season. He’s financially secure through 2023, with a $10M option thereafter. 2nd-rounder Trey McBride and veteran Maxx Williams will provide strong depth for Arizona here.

Jonnu Smith (Patriots, 27)

Signed Thru: 2024
Guarantees Thru: 2023
Guarantee Remaining: $15.25M

Smith remains one of the highest paid blocking tight ends in NFL history, and is not only fully guaranteed this year at $9M, but $6.25M of his 2023 salary is already locked in as well. Can the Patriots find him more than 28 catches in 2022? Maybe, but Henry & Smith don’t appear to be the 1-2 punch we expected.

C.J. Uzomah (Jets, 29)

Signed Thru: 2024
Guarantees Thru: 2023
Guarantee Remaining: $15M

Uzomah platformed a big year in Cincy into a $15M guarantee with the Jets and could be a very strong 1-2 punch with Tyler Conklin in 2022, if the QB position improves. Uzomah’s deal is 2 years, $16M with an $8M “option” for 2024.

Tyler Conklin (Jets, 27)

Signed Thru: 2024
Guarantees Thru: 2023
Guarantee Remaining: $10M

Conklin signed a slightly lesser version of C.J. Uzomah’s free agent contract with the Jets this March, including $6M guaranteed for 2022, and another $3.9M in 2023. The two should create a formidable arsenal for the Jets QB (TBD).

Mo Alie-Cox (Colts, 28)

Signed Thru: 2024
Guarantees Thru: 2023
Guarantee Remaining: $8.2M

Alie-Cox garnered an extension prior to free agency, locking in $11.6M over the next two seasons. He’s caught 70 balls in 4 seasons to date. Behind him, 4th-rounder Kylen Granson carries a non-guaranteed 3 years, $2.8M, while new 3rd-rounder Jelani Woods could push to be the main pass catcher of this group at some point.

Gerald Everett (Chargers, 28)

Signed Thru: 2023
Guarantees Thru: 2023
Guarantee Remaining: $8M

The Chargers signed Everett away from Seattle, guaranteeing $8M of a $12M contract through 2023. He’s a 50 catch TE when all is well, but that could increase in Justin Herbert’s pass-heavy offense. Former UDFA Donald Parham (1 year, $895k), and 3rd-rounder Tre McKitty (3 years, $3.1M) will provide depth this season.

Ian Thomas (Panthers, 26)

Signed Thru: 2024
Guarantees Thru: 2023
Guarantee Remaining: $8M

Thomas was extended 3 years this past February despite just 90 catches in 4 seasons. He’s a versatile TE though, and could take a step forward in the passing game with Baker Mayfield at the helm. 3rd-rounder Tommy Tremble remains the TE2 in Carolina with 3 non-guaranteed years left on his rookie contract.

Extension Ready

T.J. Hockenson (Lions, 25)

Signed Thru: 2023
Guarantees Thru: 2023
Guarantee Remaining: $12.7M

Detroit exercised a $9.3M option for 2023, fully guaranteeing it. Hockenson has posted back to back solid seasons - but still hasn’t had that full breakout campaign as of yet. He projects to a 4 year, $54M extension currently, but all signs point to Detroit waiting a year to lock that in. UDFA Brock Wright projects to win the TE2 spot on a minimum salary.

Dalton Schultz (Cowboys, 26)

Signed Thru: 2022
Guarantees Thru: 2022
Guarantee Remaining: $10.9M

Schultz will play out a 1 year, $10.9M franchise tag in Dallas, despite 78 catches, 800 yards, and 8 TDs last season. Another tag would cost $13.1M, which shouldn’t be considered out of the question for 2023. Schultz projects to a 4 year, $58M extension in our system. 4th-rounder Jake Ferguson projects to slot into the TE2 role, with 4 years, $4M ahead of him.

Mike Gesicki (Dolphins, 26)

Signed Thru: 2022
Guarantees Thru: 2022
Guarantee Remaining: $10.9M

Gesicki is a wide receiver dressed up like a TE for football season, but a projected reduced role in this new Dolphins’ offense has many wondering if he’s actually a late summer trade candidate. For now, he’s a 1 and done candidate in Miami on his signed franchise tag, carrying a 4 year, $57M projection in our system. Vet Durham Smythe was brought back on a 2 year, $7M ($3.5M guaranteed) deal to fill in behind him.

Hunter Henry (Patriots, 27)

Signed Thru: 2023
Guarantees Thru: 2022
Guarantee Remaining: $10M

Henry quietly caught 50 passes for 600 yards and 9 touchdowns last season, and with a wide receiver room that didn’t get markedly better this offseason, there’s no reason to believe he won’t factor in this manner again. If this becomes the case, look for New England to restructure 2023 into an extension that works better for both sides.

Noah Fant (Seahawks, 24)

Signed Thru: 2023
Guarantees Thru: 2023
Guarantee Remaining: $9M

The Seahawks exercised a $6.85M option in 2023 for Fant upon acquiring him from Denver, but a strong 2022 campaign should translate into a multi-year extension sooner rather than later. Fant carries a 4 year, $59.5M projection in our system currently. Behind him, Will Dissly throws his hat into the overpaid TE2 race, as the 26 year old scored a $10M guarantee this season, with a chance at $6M more next year.

Travis Kelce (Chiefs, 32)

Signed Thru: 2025
Guarantees Thru: 2022
Guarantee Remaining: $2M

Kelce’s deal has 4 years, $53M remaining on it, but is only structurally secure through 2022. If he has the year most expect him to have sans Tyreek Hill, ripping up the last 3 seasons on this contract and starting fresh could benefit both sides financially. Behind him, Blake Bell was brought back on a veteran minimum deal and former 5th rounder Noah Gray will compete for time.

Darren Waller (Raiders, 30)

Signed Thru: 2023
Guarantees Thru: N/A
Guarantee Remaining: $0

Waller has a hamstring and contract issue heading into 2022 - and both should be concerning. With 2 years, $13.8M non-guaranteed left on his deal, and a $13.9M valuation in our system, there’s a lot of progress to be made here financially. Will the Raiders give in? Is this a sneaky late summer trade possibility? Either way, Foster Moreau (1 year, $2.54M) & Nick Bowers (1 year, $825k) will be vaulted into bigger roles to start the season.

Dawson Knox (Bills, 25)

Signed Thru: 2022
Guarantees Thru: N/A
Guarantee Remaining: $0

Knox doubled his production in 2021, and has developed a strong relationship with QB1 Josh Allen for on and off the field. He’s a late summer extension candidate that will become a franchise tag candidate should a deal not be completed. Knox projects to a 4 year, $49M deal in our system currently. Behind him, Buffalo brought in O.J. Howard on a 1-year flier ($3.5M).

Rookie Pending

Kyle Pitts (Falcons, 21)

Signed Thru: 2024 (+ option)
Guarantees Thru: 2024
Guarantee Remaining: $11M

The Falcons have plenty of roster deficiencies to begin 2022, but freak weapon at TE isn’t one of them. Pitts was targeted 110 times last season, but with lesser options in the passing game, should see plenty more this time around. Veteran Anthony Firkser will begin the year as the TE2 in Atlanta.

Pat Freiermuth (Steelers, 24)

Signed Thru: 2024
Guarantees Thru: 2022
Guarantee Remaining: $934k

The #55 overall pick last year caught 60 passes and found the end zone 7 times in his rookie campaign. More consistent QB play should improve upon these numbers even more. 5th-rounder Zach Gentry is the early TE2 candidate in Pittsburgh, entering a contract year on his rookie deal.

Cole Kmet (Bears, 23)

Signed Thru: 2023
Guarantees Thru: N/A
Guarantee Remaining: $0M

After years of Jimmy Graham, the Bears will finally turn this thing over to Kmet, who showed plenty of signs he can be a true TE1 last season (60 catches). The Bears aren’t ready to win, but seeing a strong relationship between Justin Fields and Kmet form shouldn’t be out of the question for 2022. Behind him, vets Ryan Griffin & James O'Shaughnessy will battle for the TE2 gig on 1 year contracts.

Albert Okwuegbunam (Broncos, 24)

Signed Thru: 2023
Guarantees Thru: N/A
Guarantee Remaining: $0M

Okwuegbunam caught 33 balls in a limited role behind Noah Fant last season, but he’ll get the keys to the car with Russell Wilson for 2022. His 2 years, $1.9M is non-guaranteed through 2023. Behind him 3rd-rounder Greg Dulcich projects to win the TE2 spot, with 4 years, $5.2M ahead on his rookie contract.

Daniel Bellinger (Giants, 21)

Signed Thru: 2025
Guarantees Thru: 2022
Guarantee Remaining: $793k

This year’s 4th-round pick will be vaulted into immediate TE1 duties for Daniel Jones. He’s a pass-catch first type player, who may thrive in a dink and dunk type Giants offense that may very well be blown up after 2022. UDFA Chris Myarick is slated to add depth for NYG this season.

One & Done

Evan Engram (Jaguars, 27)

Signed Thru: 2022
Guarantees Thru: 2022
Guarantee Remaining: $8.25M

Engram joins the Jags following a mediocre showing with the Giants, but is being paid to break out under Doug Pederson’s new offense ($10M max). Jacksonville will run out veteran Dan Arnold in a 1 year, $2.5M deal & former 5th-rounder Luke Farrell (3 years, $2.7M) behind him this season.

Austin Hooper (Titans, 28)

Signed Thru: 2022
Guarantees Thru: 2022
Guarantee Remaining: $6M

Hooper joined the Titans after his release from Cleveland this past March. Can he be the right weapon to fill the shoes that Jonnu Smith left 2 years ago? He’s two seasons removed from 75 catches and 6 TDs, so there’s at least a glimmer of hope. Veteran Geoff Swaim scored a $3.4M guarantee on a 1 year contract to fill in behind Hooper this season.

Pharaoh Brown (Texans, 28)

Signed Thru: 2022
Guarantees Thru: 2022
Guarantee Remaining: $3M

A UDFA back in 2017, Brown is on his 3rd team, but finally gets a chance to be the #1 option at his position in 2022. 5th-rounder Brevin Jordan has 3 non-guaranteed years left on his deal, while new 5th-rounder Teagan Quitoriano is under contract through 2025. Houston appears to be band-aiding this position currently.

Logan Thomas (Commanders, 31)

Signed Thru: 2024
Guarantees Thru: 2022
Guarantee Remaining: $2.2M

A torn ACL derailed what was a really nice 25 or so game stretch for Thomas, who is looking to regain that production now with Carson Wentz at the helm. He’s on a one-and-done contract structurally, but holds decent financial value going forward if he can return to form. Former 4th-rounder John Bates figures to slot into the TE2 role in year two of his rookie contract.

Hayden Hurst (Bengals, 29)

Signed Thru: 2022
Guarantees Thru: 2022
Guarantee Remaining: $2M

Hurst was brought in to replace CJ Uzomah after two mediocre years with the Falcons. He’s got 60 catch potential, but in a loaded Bengals’ offense, may simply be a role player for 2022, making his $3.5M price about right. Drew Sample will slot into the TE2 role again in the final year of his rookie contract.

Robert Tonyan Jr. (Packers, 28)

Signed Thru: 2022
Guarantees Thru: 2022
Guarantee Remaining: $1M

Tonyan is on his way back from a torn ACL, but had a great rapport with Aaron Rodgers in 2020-21. Half of his 1 year contract is based on per-game active bonuses, but a healthy season could mean a small extension thereafter. Behind him, Marcedes Lewis is set to play out the final year of his contract on a $4M salary.

Cameron Brate (Buccaneers, 31)

Signed Thru: 2023
Guarantees Thru: N/A
Guarantee Remaining: $0

Brate signed a 2 year, $8M restructured contract to remain in Tampa Bay this year, and will likely share time quite a bit with newly signed vet Kyle Rudolph as well. Tom Brady still has plenty of mouths to feed on this offense, but with the exception of Chris Godwin - much of the contracts are in a one-and-done capacity.

Tyler Higbee (Rams, 29)

Signed Thru: 2023
Guarantees Thru: N/A
Guarantee Remaining: $0

Higbee is entering year 4 of a 5 year contract with the Rams, with 2 years, $12.8M non-guaranteed remaining. With 60+ catches and 5 touchdown grabs last season, it stands to reason that another impactful season would lead to a restructured extension next offseason. Former 4th-rounder Brycen Hopkins (2 years, $1.9M) and UDFA Roger Carter will compete in a depth role.

Irv Smith (Vikings, 24)

Signed Thru: 2022
Guarantees Thru: N/A
Guarantee Remaining: $0

The former #50 overall pick is entering a contract year in 2022, but also returning from recent thumb surgery. Many expect the Vikings to post big offensive numbers again, but just how effective Smith will be in a pass-catching role remains to be seen. Behind him, Johnny Mundt joins from the Rams on a small guarantee ($200k).

Adam Trautman (Saints, 25)

Signed Thru: 2023
Guarantees Thru: N/A
Guarantee Remaining: $0

Trautman is actually listed as the TE1 on early Saints depth charts, despite just 42 catches in two seasons. He’s a jack of all trades type player, so a non-guaranteed 2 year, $2M remaining contract is priced right.

Michael GinnittiAugust 14, 2022

The preseason is a great phase to see just how deep a team’s running back room is prior to the season. An already wildly unstable position can get even shakier when an undrafted free agent steps onto the field and proves he can hang. We’ve organized a few dozen notable running backs into financial tiers, providing analysis for each on where things may be headed in the coming months.

 

Multi-Year Security

James Conner (27, ARZ)

Contract Remaining: 3 years, $21M
Guarantee: $13.5M thru 2023
The #6 running back in 2021 according to PFF has a chance to be even more impactful with Chase Edmonds now in Miami. He’s a 200 rush attempt, 40 catch candidate every year.

 

Nick Chubb (26, CLE)

Contract Remaining: 3 years, $27.25M
Guarantee: $7M thru 2023
Chubb remains one of the most productive rushing backs in the game, despite a dropoff in his receiving numbers. His cap hit jumps form $5.2M this year to $14.85M next year - nothing a simple restructure can’t fix. 

 

Breece Hall (21, NYJ)

Contract Remaining: 4 years, $9M
Guarantee: $6.3M thru 2024
Hall will partner with Michael Carter as one of the better, young one-two punches in the game. The #36 selection out of Iowa State can do it all, and found the end zone weekly at the college level. 

 

Travis Etienne (23, JAX)

Contract Remaining: 3 years, $5.4M (+ option)
Guarantee: $5.4M thru 2024
Etienne’s return from injury is one of the more anticipated in the league this season. The 23 year old weapon is under team control through 2025, so he and Trevor Lawrence have plenty of time to figure this out.

 

Najee Harris (24, PIT)

Contract Remaining: 3 years, $5.5M (+ option)
Guarantee: $5.5M thru 2024
For the most part, Harris finished off 2021 as advertised, posting nearly 1,700 yards from scrimmage - including a whopping 74 receptions. With the Steelers’ QB position in flux, look for another heavy dose of Harris for a few more seasons.

 

Leonard Fournette (27, TB)

Contract Remaining: 3 years, $21M
Guarantee: $12M thru 2023
Fournette had offers elsewhere, but returned to the Bucs on a solid 2nd-tier free agent contract. He’s almost certain to see $14M from it over the next two seasons, while he looks to build on a 1,200 yards from scrimmage, 70 catch campaign last year.

 

Jury’s Still Out

Alvin Kamara (27, NO)

Contract Remaining: 4 years, $59.3M
Guarantee: $16.5M thru 2023
This one’s complicated, as Kamara is facing league suspension due to a battery charge. Delays to that hearing appear to be pushing things back a year, but if/when the suspension comes in, all future guarantees on this contract will void. For now though, Kamara is secure on 2 years, $22.5M.

 

Year to Year

Cordarrelle Patterson (31, ATL)

Contract Remaining: 2 years, $10.5M
Guarantee: $5M thru 2022
Patterson compiled 52 catches against 618 yards rushing last year, and with the QB situation in a bit of flux, should be asked to do much of the same in 2022. His non-guaranteed $4.25M for 2023 is very much a toss up though.

 

JK Dobbins (23, BAL)

Contract Remaining: 2 years, $2.4M
Guarantee: $0
Baltimore will slow play Dobbins back into the lineup this year, but there’s no reason to believe he won’t ramp back up into the versatile weapon he was drafted to be. It’s unlikely any type of early extension is coming though. 

 

Gus Edwards (27, BAL)

Contract Remaining: 2 years, $7.6M
Guarantee: $0
Edwards won’t be ready for the start of 2022 as he recovers from an ACL injury. He’s on a 1 year, $3.25M contract until further notice.

 

Christian McCaffrey (26, CAR)

Contract Remaining: 4 years, $44.8M
Guarantee: $8.1M thru 2022
McCaffrey’s deal offers a small out of the upcoming season, putting him on immediate notice. With the QB situation still in flux, it’s plausible that the Panthers keep him through 2023 ($12M), especially if he manages to remain healthy in 2022.

 

Joe Mixon (26, CIN)

Contract Remaining: 3 years, $29.1M
Guarantee: $0
Mixon was a big part of the Bengals’ surprise Super Bowl run (1,700 yards from scrimmage, 42 catches, 16 TDs). There’s no reason to believe he won’t be as big of a factor in 2022, which could lead to a restructured extension thereafter. He’s a $12.5M running back in our system right now.

 

Javonte Williams (22, DEN)

Contract Remaining: 3 years, $4.2M
Guarantee: $1M thru 2022
It was originally thought that Williams would be the workhouse in Denver this season, but the Broncos re-signed Melvin Gordon late in free agency, bundling up that 1-2 attack yet again. The future still lies with Williams, and he’ll have a chance to bust out in 2023, when he also becomes extension eligible.

 

Clyde Edwards-Helaire (23, KC)

Contract Remaining: 2 years, $3.5M (+option)
Guarantee: $1.6M thru 2022
CEH hasn’t lived up to the billing just yet, and the Chiefs have added more bodies to the RB room to try to shore up the position. It’s probably still his job to lose, but with the guaranteed portion of the contract falling off next March, there’s a lot riding on 2022.

 

Austin Ekeler (27, LAC)

Contract Remaining: 2 years, $11.25M
Guarantee: $1.25M thru 2022
Ekeler has 282 receptions in 5 seasons, including 70 last year. Toss in nearly 1,600 yards from scrimmage and he remains a vital weapon to Justin Herbert’s bigtime offense. The Chargers have added backs that could eventually replace him, at salaries of $5.5M & $5.75M through 2023, there’s a good chance he sees this contract out.

 

Isaiah Spiller (21, LAC)

Contract Remaining: 4 years, $4.3M
Guarantee: $736k thru 2022
The 4th round pick this past May should step right in as the complementary piece to Austin Ekeler, and early signs say he’s going to fit well. The bigger his role gets, the more value his $1.1M AAV will provide.

 

Cam Akers (23, LAR)

Contract Remaining: 2 years, $2.5M
Guarantee: $0
Akers has seen action in just 14 games across his first two seasons after the Rams selected him #52 overall back in 2020. Early projections say the Rams offense could include a lot more emphasis on the run game, so a breakout year - and possible extension discussions - could be in store for Akers. It’s a wait and see situation until then.

 

Chase Edmonds (26, MIA)

Contract Remaining: 2 years, $12.1M
Guarantee: $6.1M thru 2022
Edmonds will be asked to do a little of everything in Mike McDaniel’s creative offense, and he should respond nicely barring injury. This is a 1 year contract until it’s not though. 

 

Dalvin Cook (27, MIN)

Contract Remaining: 4 years, $45.9M
Guarantee: $8.4M thru 2022
Can Cook stay healthy enough to recreate the near 2,000 yards from scrimmage performance he posted in 2020? The Vikings have a chance to post huge offensive numbers collectively in 2022, and while Cook’s deal is year-to-year from here out, he’s as good as locked in as any. Keep in mind there’s a civil lawsuit for assault still looming in the next calendar year.

 

Michael Carter (23, NYJ)

Contract Remaining: 3 years, $2.8M
Guarantee: $0
Carter amassed 1,000 yards from scrimmage - including 36 receptions - in his inaugural season, and should pair up nicely with Breece Hall for an excellent running back committee. He’s year to year through 2024, and extension eligible after 2023.

 

Elijah Mitchell (24, SF)

Contract Remaining: 3 years, $2.8M
Guarantee: $0
Mitchell missed 6 weeks in 2021, and enters 2022 at less than full health as well. But health is likely SF’s only concern with him at this point, as the youngster posted 1,100 yards from scrimmage in his limited rookie campaign. The Niners are loaded with athletes at this position, so no one player may rise to huge production numbers, but then neither will their contracts as well.

 

Antonio Gibson (24, WAS)

Contract Remaining: 2 years, $2.3M
Guarantee: $0
Fumbles are officially a problem here, and they appear to be continuing early on in the 2022 offseason. J.D. McKissic was brought back to play robin in this running game, but there’s a very real world where Brian Robinson the #98 selection this past May, could supplant Gibson from his RB1 role sooner rather than later. 

 

2023 Extension Coming?

Tony Pollard (25, DAL)

Contract Remaining: 1 year, $965k
Guarantee: $0
Pollard is ready to take over the Cowboys’ rushing game, but Ezekiel Elliott’s $12M+ salary is still standing in his way. Will Dallas extend Pollard as the back of their future before moving on from Elliott next March? He’s a $6M running back as a veritable RB2, but that price will likely need to approach $8M as a full-time starter. 

 

D'Andre Swift (23, DET)

Contract Remaining: 2 years, $3M
Guarantee: $1.3M
Swift caught 62 balls out of the backfield in 2021, proving he’s truly one of the better versatile backs in the game. The Lions made big strides this offseason, and are many experts pick to be the surprise NFC team in 2022. Another strong campaign could mean an extension next March for Swift, who currently projects to a $10.2M contract in our system.

 

A.J. Dillon (24, GB)

Contract Remaining: 2 years, $2.4M
Guarantee: $0
Dillon is ready to bust out, but he’ll share the workload with Aaron Jones in 2022 once again. With the latter likely falling off of the roster next spring, Dillon could very well gather a new contract before he’s officially given the RB1 keys. He projects to an $8M per year extension currently.It should be noted though that Aaron Jones was let to play out his entire rookie contract, and was extended at the final hour before hitting free agency

 

Jonathan Taylor (23, IND)

Contract Remaining: 2 years, $3M
Guarantee: $0
Taylor becomes extension eligible after 2022, and if this campaign is anything like last year’s, the Colts may have no choice. The 23-year-old already projects to a 4 year, $65M deal.

 

James Robinson (24, JAX)

Contract Remaining: 1 year, $895,000
Guarantee: $0
Robinson played well in Etienne’s absence, before an injury of his own slowed his 2021 campaign. His usage alongside Etienne will be something to watch, but with restricted free agency ahead of him next March, it’s safe to assume he’ll stick for a bit. 

 

Derrick Henry (28, TEN)

Contract Remaining: 2 years, $24.5M
Guarantee: $0
We’re not referencing many 28 year olds on this list - but then again there aren’t many Derrick Henry’s in the world to reference. A foot injury limited his 2021 to just 8 games - 8 games where he averaged 136 yards from scrimmage. If he stays on this course in 2022, a restructured extension is likely in the cards.

 

Early Releases

Ezekiel Elliott (27, DAL)

Contract Remaining: 5 years, $65.3M
Guarantee: $12.4M thru 2022
Zeke’s been hearing Tony Pollard’s footsteps behind him for the better part of two years now, and that won’t stop in 2022. Elliott is playing on a 1 year, $12.4M, as the remaining 4 years are about as fluffy as NFL contracts get. 

 

Aaron Jones (27, GB)

Contract Remaining: 3 years, $33.75M
Guarantee: $3.75M thru 2022
Jones’ contract was structured in a pay-as-you-go manner, giving the Packers an out after every season. The almost 28 year old is likely to give way to AJ Dillon after the 2022 season, as his cap hit rises to $20M in 2023.

 

Nyheim Hines (25, IND)

Contract Remaining: 3 year, $13.9M
Guarantee: $3.3M thru 2022
With the offense now running through Taylor, Hines’ production took a significant hit in 2021. His versatility out of the backfield still makes him valuable, but he’s playing on a 1 year, $3.64M contract for all intents and purposes.

 

J.D. McKissic (28, WAS)

Contract Remaining: 2 years, $7M
Guarantee: $3.6M thru 2022
McKissic spurred the Bills to return to his role in Washington, where he saw action in just 11 games last season. He’s grabbed 80 receptions in a season not too long ago, and could be seeking an effort like that again in 2022. It’s a 1 year, $4M contract until it’s not.

 

One & Done?

Devin Singletary (24, BUF)

Contract Remaining: 1 year, $2.54M
Guarantee: $0
Singletary broke out slightly last year, compiling 870 yards on the ground, and 40 catches through the air. He’s a solid option for Allen & the Bills, but he’s one of many at this point. If James Cook shows any kind of promise in his rookie campaign, looking for Singletary to hit the open market next March.

 

David Montgomery (25, CHI)

Contract Remaining: 1 year, $2.79M
Guarantee: $0
Montgomery and the Bears haven’t offered much publicly about a contract extension, leaving some to believe that the running back isn’t interested in sticking around. He’s doubled his production as a pass catcher in each of the past two seasons, making him a viable option on an expiring contract - at just 25 years old. He’ll soon be the next $12M+ running back (somewhere).

 

Kareem Hunt (27, CLE)

Contract Remaining: 1 year, $6.25M
Guarantee: $1.5M
Hunt wants a bigger role, and a multi-year guarantee, something the Browns don’t appear willing to offer him. It may be a huge year for the running backs in Cleveland, which should act as a nice showcase for Hunt as he approaches free agency (unless the Browns slap a tag on him next February).

 

Jamaal Williams (27, DET)

Contract Remaining: 1 year, $4M
Guarantee: $1M
Williams is an underrated RB2, compiling 750 yards from scrimmage last season in Detroit. Does another 2 year, $6M extension keep him in the fold, or will the Lions try to get younger here?

 

Marlon Mack (26, HOU)

Contract Remaining: 1 year, $2M
Guarantee: $250,000
Mack stands to lead a very heavy RBBC system in Houston. The Texans currently have 7 running backs rostered at a combined cap hit of $8.7M.

 

Josh Jacobs (24, LV)

Contract Remaining: 1 year, $2.1M
Guarantee: $2.1M
Jacobs’ role has been in question all offseason, and his declined 5th-year option certainly didn’t help. Vegas added Brandon Bolden, and drafted two RBs this past May, so it stands to reason that outside of a huge campaign, it’s a 1 and done situation for Jacobs.

 

Kenyan Drake (28, LV)

Contract Remaining: 1 year $8.25M
Guarantee: $8M
Drake’s 2021 was limited to 12 games due to injury, but he still managed to catch 30 balls and garner 550 yards from scrimmage in that time. His versatility will be vital to what is now quite a potent Vegas offense, but contractually he’s a 1 and done.

 

Darrell Henderson (24, LAR)

Contract Remaining: 1 year, $1M
Guarantee: $0
He’s found himself on the IR each of the past two seasons, but also showed a good deal of potential in an expanded role last season. With Cam Akers back in the fold, Henderson’s role in a contract year is certain to be reduced.

 

Damien Harris (25, NE)

Contract Remaining: 1 year, $1.1M
Guarantee: $0
Harris nearly rushed for 1,000 yards last year, so there’s RB1 capability. But with Rhamondre Stevenson drafted in 2021, & Pierre Strong taken this past May, it feels like the Patriots are poised to just churn and burn the RB position for the foreseeable future.

 

Saquon Barkley (25, NYG)

Contract Remaining: 1 year, $7.2M
Guarantee: $7.2M
When he’s healthy, he’s a 1,000 yards rushing, 50 receptions type running back. Does that warrant a #2 overall draft selection? No. But it may warrant a non-max ($6M-$7M) extension or free agent contract. It’s impossible to imagine anything happening early here, so this is certainly a discussion for February.

 

Miles Sanders (25, PHI)

Contract Remaining: 1 year, $1.2M
Guarantee: $0
Sanders has seen just 12 games of action in each of the last two seasons, and didn’t find the endzone at all last year, but he’s a 5+ yard per attempt rusher with the ability to catch a few balls a game as needed. Free Agency is more likely than an extension at this point.

 

Rashaad Penny (26, SEA)

Contract Remaining: 1 year, $5.75M
Guarantee: $5M
The Seahawks brought Penny back on a 1 year deal both to reward his (finally) breakout campaign in 2021, and fill the void that Chris Carson’s neck injury brought. Penny will get another chance to lead this group in 2022, but will almost certainly make way for Kenneth Walker thereafter.

Michael GinnittiAugust 12, 2022

As the 2022 NFL regular season approaches, we'll push ahead to players from each position who are positioning themselves for big paydays in the coming months.

 

Quarterback: Joe Burrow (CIN, $43.1M)

NCAA National Championship -> Torn ACL -> Super Bowl finalist -> #1 rated PFF QB. It’s been a wild few years for Burrow, but all signs point to him being this generation’s elite winner, even if his stats may lag behind the likes of a Herbert or Mahomes. He becomes extension eligible for the first time after 2022, and Kyler Murray’s $104M guaranteed at signing, $160M practically speaking, becomes his floor.Honorable Mention: Justin Herbert (LAC, $43M), Lamar Jackson (BAL, $44M)

 

Running Back: Tony Pollard (DAL, $6.3M)

Pollard broke out in 2021, leaving many to wonder if Dallas would simply move away from Ezekiel Elliott before the 2022 campaign. Zeke’s contract made that difficult, so it’ll be another strong one-two punch season for the Cowboys’ running game. Pollard will play out an expiring contract, while Elliott’s deal contains no more future guaranteed salary. Honorable Mention: Damien Harris (NE, $5.8M), D’Ernest Johnson (CLE, $2.5M)

 

Wide Receiver: Justin Jefferson (MIN, $26M)

196 catches, 3,000+ yards, and 17 TDs in 2 seasons, including 91 yards per game, and 10 yards per grab. Not a bad start to an NFL career. Kevin O’Connell’s offense should continue that trend, and Jefferson will become extension eligible after the upcoming season. Honorable Mention: CeeDee Lamb (DAL, $16.5M), Tee Higgins (CIN, $18M)

 

Tight End: Dawson Knox (BUF, $12.3M)

Knox broke out last year after a sluggish start in Buffalo. He’s extension eligible right now, but appears poised for a franchise tag next February at this stage. Honorable Mention: T.J. Hockenson (DET, $13.5M), Darren Waller (LV, $14M)

 

Offensive Tackle: Elgton Jenkins (GB, $14M)

Jenkins filled in at left tackle for the injured David Bakhtiari, and could take that role on full-time after the 2022 season. Unfortunately, he’s also recovering from a torn ACL as he enters his expiring contract year. Honorable Mention: Donovan Smith (TB, $19.3M), Andrew Thomas (NYG, $16.3M)

 

Offensive Guard: Quenton Nelson (IND, $17.2M)

Nelson and the Colts have been in contract discussions for quite some time, but still seem far apart in their negotiations. It’s safe to assume that Nelson has $20M per year on his brain, and it’s hard to argue that figure all things considered. $50M guaranteed should be the first number he considers though. Honorable Mention: Wes Schweitzer (WAS, $13.8M), Chris Lindstrom (ATL, $10.3M)

 

Offensive Center: Andre James (LV, $12M)

With Derek Carr now re-upped long term, and left tackle Kolton Miller paid handsomely as well, keeping a recently blossoming Andre James in the fold past 2022 makes sense as well. Honorable Mention: Matt Hennessy (ATL, $9.6M), Lloyd Cushenberry (DEN, $7M)

 

Defensive Tackle: Jeffery Simmons (TEN, $23.6M)

The advanced stats have never treated Simmons well, but he’s always comp’ed closely with DeForest Buckner (who signed a $21M per year deal 2 ½ years ago). With Aaron Donald now at the $30M per year/$95M guaranteed mark, it’s safe to assume that $25M/$75M is within reach here. Honorable Mention: Chris Jones (KC, $21.1M), Christian Wilkins (MIA, $16.7M)

 

Edge Defender: Nick Bosa (SF, $27.8M)

Bosa has been one of the most consistent edge rushers in the game (when healthy), compiling production that falls in just slightly behind that of T.J. Watt’s ($28M per year, $80M guaranteed). That puts his 4 year, $111M projection about where it belongs. Honorable Mention: Rashan Gary (GB, $20.5M), Marcus Davenport (NO, $23.2M)

 

Linebacker: Roquan Smith (CHI, $17.6M)

The Bears made Smith a back-loaded, low guarantee offer this summer that was not only rejected, but has prompted a trade request. The off-ball linebacker market now sits at $19.7M per year, $52.5M guaranteed. Most expect Smith to eclipse this (even if the numbers don’t quite project him there yet). Honorable Mention: Jordyn Brooks (SEA, $12.5M), Tremaine Edmunds (BUF, $14.2M)

 

Cornerback: A.J. Terrell (ATL, $20.8M)

Terrell has quietly put together an impressive resume for a bad Falcons team. He’s a cornerstone piece to keep and build around, but it won’t be cheap. Jaire Alexander’s $21M per year and Denzel Ward’s $71.25M guaranteed are the new bars to eclipse. Honorable Mention: Rock Ya-Sin (LV, $10.7M), Kenny Moore (IND, $10M)

 

Safety: Derwin James (LAC, $16.5M)

James has been holding out much of the summer as he negotiates his next contract in LA. The safety market has pushed up nicely this summer, thanks to deals for Jamal Adams, Minkah Fitzpatrick, and Marcus Williams. James belongs squarely in this mix, with $18.4M per year, $38M guaranteed as the current ceiling. Honorable Mention: Antoine Winfield Jr. (TB, $16.3M), Amani Hooker (TEN, $16.7M)

 

Special Teams: Matt Gay (K, LAR, $5M)

While consistent (98% PAT, 94% FG), Gay probably doesn’t belong in the Justin Tucker/Harrison Butker conversation just yet. All said though, a $5M per year $12M+ guaranteed extension should be in the cards. Honorable Mention: Greg Joseph (K, MIN, $4.75M), Deonte Harty (KR, $10M)

Scott AllenAugust 02, 2022

Michael GinnittiAugust 01, 2022

Our weekly series of “The next $50M Wide Receiver” continues, this time with Deebo Samuel, whose 3 year, $71.55M extension with the 49ers includes $41M fully guaranteed at signing. Our deep dive into the rest of the numbers continues here.

 

The $23.85M Average Salary

The new money average salary chimes in just above Terry McLaurin’s recent deal ($22.7M), and just under DK Metcalf’s ($24M).

Overall, the AAV is good enough for 8th among active wide receivers, and soon to be 1st on the 49ers (once the Garoppolo situation flushes out).

 

The $58.1M Guaranteed

But who’s counting average salaries anyway. The number that matters most at the onset of this contract is the $58.1M all of which becomes fully guaranteed by April 1st, 2023.

At the time of signing (+ a few days later), $41M of the contract fully locks in, including Deebo’s signing bonus, 2022 salary, 2023 salary, 2023 per game active bonus, 2023 workout bonus, a 2023 option bonus, and $4.555M of 2024 salary.

In other words, he’s good for a while. None of the $17.5M compensation for 2025 comes with an early vesting guarantee trigger, making it a veritable option year for the contract.

Deebo’s $41M guaranteed at signing ranks 5th among WR deals, while the $58.1M of practical guarantees chimes in 9th.

 

The Cash Flow

The $24.035M signing bonus + minimum $965,000 salary in 2022 means $25M of cash for the upcoming season. This ranks 7th among active wide receiver contracts (Metcalf is 1st with $31M).

From there, Samuel will see $36.2M in two seasons (16th), and $58.1M through three seasons (8th). 

 

The Cap Flow

Samuel’s 2022 cap hit rises from $5.1M to $6.6M (+$1.5M). His 2023 hit remains extremely team friendly ($8.68M) before things get a little squirrely. Two void years in 2026-2027 help keep things somewhat tamer.

2022: $6.6M
2023: $8.6M
2024: $28.5M
2025: $24.2M
2026: $8.49M (dead cap)

Deebo’s $20.9M base salary in 2024 is an obvious restructure candidate, a move that would jack up the 2025 hit, and the voidable dead cap as well.

 

Rushing Incentives

Deebo wasn’t lying. Early in the offseason, reports swirled that Samuel was unhappy with his role as a gadget offensive weapon, alluding the fact that he wanted to limit his rushing attempts in the 49ers offense.

He backed that sentiment up contractually, building in not-likely-to-be-earned incentives tied to Rushing Yards and Rushing Touchdowns.

2023-25 Annual Incentives (max $650,000)
$650,000 for 380+ Rush yards
$150,000 for 3 Rush TDs

In other words, the Niners can choose to use him this way - but it’ll cost them.

 

Concluding Thoughts

This is in no way a top of the market wide receiver contract, but it’s perfectly plausible that Deebo left a little cash on the table in order to guarantee his freedom before age 30. The deal mimics A.J. Brown’s contract nicely, including guaranteed per game active and workout bonuses splattered all over each year following the 2022 season.

With Top 10 guarantees, and Top 10 3-year cash payouts, there’s simply not much to complain about from the player’s perspective. Toss in the unique rushing incentives, and Deebo may become a $24.5M per year player for much of this contract.

Michael GinnittiJuly 29, 2022

DK Metcalf became the latest wide receiver to grab the bag this NFL offseason, locking in a 3 year, $72M extension with the Seattle Seahawks. The deal runs through the 2025, or Metcalf’s age 28 season, putting him in line for at least one more shot at a major payday.

 

The $24M Average Salary

The new money average annual salary ties Stefon Diggs for 6th among wide receiver contracts, but ranks first among Seahawks by a healthy margin (Jamal Adams, $17.6M).

Metcalf becomes the 10th new member of the $20M+ club this offseason.

 

The Cash Flow

A record-setting $30M signing bonus hands DK $31M cash in Year 1 of this contract, the most in NFL history.

1-Year Cash: $31M (1st)
2-Year Cash: $45.2M (5th)
3-Year Cash: $58.2M (8th)
4-Year Cash: $76.2M (7th)

 

The Cap Flow

Seattle’s traditional “double-bonus” structure means this deal is already loaded with dead cap. The Seahawks also opted against adding void years (for now), so the signing bonus only prorates over 4 years, while the 2023 option bonus only spreads over 3.

These bonuses + healthy base salaries make up the entire contract. There are no workout payments, no per game active bonuses, not even an early March roster bonus built in.

2022: $8.8M (+$4.5M versus rookie contract)
2023: $13.7M ($6M less than a projected tag)
2024: $24.5M
2025: $29.5M

 

The Guarantee Structure

Also a Seattle tradition, Metcalf’s contract contains no full guarantees past the first year of the deal. The $31M guaranteed at signing is comprised of his $30M signing bonus, and $1M 2022 base salary.

If he’s on the roster the 5th league day of 2023, another $14.2M locks in in the form of a $2.2M base salary, & $12M option bonus.

If he’s on the roster the 5th league day of 2024, another $13M of base salary becomes fully guaranteed.

So for practical purposes, this is a 3 year, $58.2M contract, with a 1 year, $18M “option” thereafter. This $58.2M is all guaranteed for injury at the time of signing.

 

Secret Agent

Metcalf’s deal It becomes the 3rd high impact, 3-year, simple structure WR contract from agent Tory Dandy this offseason (Chris Godwin, Mike Williams). Dandy also represents A.J. Brown, who wound up with 4 new years in Philly, as well as  Marquise Brown/Deebo Samuel - who are certain to be next in this conversation.

 

Concluding Thoughts

This is business as usual for Seattle, but its risky business right now as well. The Seahawks aren’t exactly in a prime window of contention post the loss of QB Russell Wilson amongst others.

It’s certainly plausible that Metcalf becomes impatient with a floundering franchise over the next few seasons, thus seeking bluer skies. However, the double bonus structure in this deal means that Seattle will be taking on extremely high dead cap numbers should they move on (trade or release).

A trade at the onset of the 2024 league year, for instance, would mean $23M of dead cap for the Seahawks (just $1.5M of cap savings). Will this matter to a bad team with no highly paid QB on the roster? Not much, but it’s still of note at the time of this signing.

From Metcalf’s standpoint this is an outstanding contract based on the short term, and stable 3 year guarantee structure. Metcalf will be 28 if he’s extended after 3 seasons, just barely 29 if he plays this entire contract out. Either way, he should have no trouble locking into a new mega deal prior to age 30.

Michael GinnittiJuly 25, 2022

The Seattle Seahawks acquire QB Jordan Love from the Green Bay Packers for a 3rd round pick.

Love’s shot in Green Bay probably vanished with Aaron Rodgers’ 3 year, $150M extension. It’s still conceivable that Rodgers moves on after 2022, but if not, acquiring a trade asset for their former #26 overall pick makes sense. Seattle is about to roll into 2022 with Drew Lock & Geno Smith, so adding a young arm like Love fits their current model. Love has 2 years, $4M (guaranteed) remaining on his contract, plus a potential 5th-year option in 2024.

 

The Baltimore Ravens acquire WR Deebo Samuel from the San Francisco 49ers for WR Devin Duvernay, and a 2nd round pick.

Baltimore never replaced Marquise Brown after they shipped him to Arizona on draft day. While the roster is loaded with impact running backs, and Rashod Bateman is a top tier breakout candidate, adding Samuel would change the pace and ceiling for this Ravens’ offense. Deebo has 1 year, $3.9M remaining on his rookie contract, so this deal will come with an extension in mind (4 years, $100M+).

 

The Chicago Bears acquire WR Denzel Mims from the New York Jets for a 6th round pick.

Mims is a release candidate this summer, despite 2 years, $2.4M (non-guaranteed) remaining on his rookie contract. Will a WR-needy team swoop in with a late round pick before that happens? Chicago is about to roll out Byron Pringle, Darnell Mooney, & Velus Jones Jr. for Justin Fields’ sophomore campaign. Mims should be able to compete for a spot here out of the gate.

 

The Las Vegas Raiders acquire S Jessie Bates from the Cincinnati Bengals for S Johnathan Abram & a 3rd round pick

The Raiders went “all-in” in a lot of areas this offseason, but still find themselves in one in a division loaded with pass-offense. Abram will be fighting for a starting spot this camp, despite being their #27 overall selection back in 2019. He has 1 year, $2M (guaranteed) remaining on his rookie deal. Bates has no plans to sign his $12.9M franchise tag in Cincinnati. He’s no longer eligible for a long term extension, but can be structured on any form of 1-year deal for 2022. There’s probably a world where the Raiders can get Cincinnati to retain some of the salary prior to the trade.

 

The Atlanta Falcons trade LB Deion Jones to the Denver Broncos for a 6th round pick.

Jones has been on the trade block for awhile, and his contract doesn’t help the situation much. He’s fallen off of a cliff productively over the past two seasons, but a change of scenery (especially to a contender) could very well change that course of action. The Falcons restructured Jones’ deal prior to the 2021 season, including fully guaranteeing his $9.64M salary for 2022, making this a 1 year, $9.6M traded deal for all intents and purposes. A trade leaves behind $9.9M of dead cap this season, and another $5.3M next year.

 

QB Jimmy Garoppolo accepts a 1 year, $7.5M restructured contract to remain in San Francisco for 2022

It’s getting late for starting QBs to bounce around, and there doesn’t appear to be a clear path for Garoppolo (who isn’t yet 100% healthy) to land a chance at a starting gig. Obviously a training camp injury can quickly change this, and the 49ers should wait a move like this out as long as possible, but if nothing else surfaces, dropping Garoppolo’s 2022 compensation down to the $7.5M injury guarantee, while adding in plenty of playing time/production incentives, should satisfy their need for an experience backup QB this season.

 

The Los Angeles Rams sign DL Ndamukong Suh

Suh remains available, despite having been linked to a few notable teams throughout the summer. He played out a 1 year, $14M contract with the Rams back in 2018, before his 3-year (successful) stint in Tampa Bay. Los Angeles lost a few notable names this offseason (and signed a few new ones), but a 1 year, $5M (incentive laden) deal to add him into the mix can’t hurt.

Michael GinnittiJuly 24, 2022

With training camps here, we'll categorize the more notable NFL positions into "financial tiers", breaking down which players are locked in, playing for a new deal, could be on their way out, & plenty more.

 

TWO FOR FOUR

Cooper Kupp (Rams, 29)

Signed Through: 2026
Guarantees Through: 2025
Guarantee Remaining: $75M

There’s a feasible “out” after 2024 ($5M cash buyout), but it stands to reason that Kupp and the Rams will be together for the next 4 seasons. He’ll earn $90M if he remains on the deal that long.

 

Tyreek Hill (Dolphins, 28)

Signed Through: 2026
Guarantees Through: 2024
Guarantee Remaining: $72.2M

Assuming a restructure to his $31.2M cap hit in 2023, Hill is all but guaranteed 4 years, $95.4M from this contract. The $45M salary in 2026 is another story.

THREE & WE'LL SEE

Davante Adams (Raiders, 30)

Signed Through: 2026
Guarantees Through: 2023
Guarantee Remaining: $65.6M

If we’re being honest here, this is a 1 year, $23.35M in terms of guarantee structure. Realistically speaking, Adams will see at least $66M over the next 3 seasons on this contract, with 4 years, $103.75M well within reach.

 

A.J. Brown (Eagles, 25)

Signed Through: 2026
Guarantees Through: 2024
Guarantee Remaining: $57.2M

Brown re-established the rookie-extension market with his trade & sign to Philly this spring. For now, it’s a 3 year, $57.2M contract. But the restructure-happy Eagles will certainly convert his 2024 salary for cap purposes, stabilizing Brown’s 2025 compensation. It’ll likely be 4 years, $73.2M before an extension or bail out is executed.

 

Terry McLaurin (Commanders, 26)

Signed Through: 2025
Guarantees Through: 2024
Guarantee Remaining: $53M

McLaurin will have all $47.1M of his 3 year compensation fully guaranteed by next March, easily securing this contract through the 2024 season. It’s a 1 year, $18M option, or a restructured extension thereafter.

 

Stefon Diggs (Bills, 29)

Signed Through: 2027
Guarantees Through: 2023
Guarantee Remaining: $47.9M
It’s probably unfair to call this a 2 year contract (especially based on the dead cap due to the double bonus), but based on the guarantee scheduling, that’s exactly what this is right now. Diggs’ 2024 salary doesn’t lock in until March of 2024, giving Buffalo an out if needed.

LET'S PLAY TWO

D.J. Moore (Panthers, 25)

Signed Through: 2025
Guarantees Through: 2024
Guarantee Remaining: $41.6M

Moore probably underachieved a bit on this contract, but he added about $10M of full guarantee more than his 5th year option + a franchise tag would have paid out through 2023, and locked in an extra million into 2024 as well. If the Panthers totally combust, this is a very tradable contract.

 

Mike Williams (Chargers, 28)

Signed Through: 2024
Guarantees Through: 2023
Guarantee Remaining: $40M

Williams gets a clean $40M fully guaranteed over the next two seasons, then a $20M option in 2024, including a $3M roster bonus due in early March.

 

Chris Godwin (Buccaneers, 26)

Signed Through: 2024
Guarantees Through: 2023
Guarantee Remaining: $40M

A carbon copy of Mike Williams’ deal in LA, Godwin gets a clean guarantee through 2023, a $20M option in 2024, and a chance to do it all over again at age 29.

 

Christian Kirk (Jaguars, 26)

Signed Through: 2025
Guarantees Through: 2023
Guarantee Remaining: $39M

One of the surprise contracts of the offseason doesn’t have much long-term substance to it. Still, $39M over 2 years is a big pull for Kirk, and if he gels with Trevor Lawrence, this contract will hold value through 2025.

 

Brandin Cooks (Texans, 29)

Signed Through: 2024
Guarantees Through: 2023
Guarantee Remaining: $36M

Cooks backed up his desire to stay in Houston with a healthy extension this offseason. It’s a fully guaranteed 2 year, $37M deal for now, with a 1 year, $16.5M option at his age 31 2024 season.

 

Allen Robinson (Rams, 29)

Signed Through: 2024
Guarantees Through: 2023
Guarantee Remaining: $30.75M

Robinson joins the Rams on a two year guarantee, with a chance to void out the 2024 season if he reaches 2,200 receiving yards over that span.

 

Courtland Sutton (Broncos, 27)

Signed Through: 2025
Guarantees Through: 2023
Guarantee Remaining: $26.5M

Sutton’s 2022 & 2023 salaries both locked in this past March, putting him on a 2 year, $26.5M deal from a guarantee perspective. If he and Russell Wilson gel, the 4 years, $54M remaining on this contract will offer Denver a ton of value (until he demands a restructured extension).

 

Michael Gallup (Cowboys, 26)

Signed Through: 2026
Guarantees Through: 2023
Guarantee Remaining: $23M

A torn ACL derailed Gallup’s chance to cash in big this offseason, and he returns to Dallas on a team-friendly 2 year, $23M guarantee. It’s a “we’ll see” situation after that.

 

Kenny Golladay (Giants, 29)

Signed Through: 2024
Guarantees Through: 2023
Guarantee Remaining: $22M

Despite the numbers above, this could very well be a make or break year for Golladay. His 2022 compensation ($17M) is fully locked in, as is a $4.5M roster bonus for 2023. But if the wheels fall off here, look for the Giants to work their way out of it via trade.

 

Hunter Renfrow (Raiders, 27)

Signed Through: 2024
Guarantees Through: 2023
Guarantee Remaining: $21M

Renfroe bagged $14.5M fully guaranteed at signing, including $4.3M of 2023 compensation. With Davante Adams’ covering him from the other side of the field, the sky may be the limit here, and another extension at age 29 could very well be in the cards.

 

Keenan Allen (Chargers, 30)

Signed Through: 2024
Guarantees Through: 2023
Guarantee Remaining: $18M

Allen’s $16.5M 2022 salary, & $1.5M of his 2023 salary are fully locked in right now. Assuming things stay on track, a $3.5M roster bonus will vest next March, putting him inline for at least 2 years, $35.5M more of this contract.

 

Zay Jones (Jaguars, 27)

Signed Through: 2024
Guarantees Through: 2023
Guarantee Remaining: $16M

Jones joins Christian Kirk as shiny new weapons for Trevor Lawrence to play with in Doug Pederson’s offense. It’s a 2 year, $16M contract with an $8M option in 2024 for all intents.

 

Russell Gage (Buccaneers, 26)

Signed Through: 2024
Guarantees Through: 2023
Guarantee Remaining: $15M

Gage locked in a fully guaranteed $10M salary this season, and $5M (half) of his 2023 salary as well. The remaining $5M of next season guarantees early March 2023, so there’s a very strong chance this is a 2 for 20, with a $10M option year in 2024.

 

Tim Patrick (Broncos, 28)

Signed Through: 2024
Guarantees Through: 2023
Guarantee Remaining: $11.7M

Patrick saw his 2022 compensation, and $5.5M of 2023 salary become fully guaranteed this past March. He, Courtland Sutton, and Jerry Jeudy will get a new life with Russell Wilson running the Broncos’ offense from here out.

ONE & DONE

Amari Cooper (Browns, 28)

Signed Through: 2024
Guarantees Through: 2022
Guarantee Remaining: $20M

Cooper brings 3 years, $60M to the Browns, but just 1 year, $20M guaranteed (already converted to signing bonus). It’s easy to look at this from all angles and assume it’s a one and done situation for this contract, but keeping Cooper under term, flexing the cap around a little, and giving him a full season with Watson at the helm might be better business for Cleveland.

 

Tyler Lockett (Seahawks, 30)

Signed Through: 2025
Guarantees Through: 2022
Guarantee Remaining: $16M

A $13M option bonus was paid out this spring, piling up the dead numbers in both 2022 & 2023. Outside of that, there’s nothing stable about this contract past the upcoming season (except of course the fact that he’s very good).

 

Michael Thomas (Saints, 29)

Signed Through: 2024
Guarantees Through: 2022
Guarantee Remaining: $15.3M

He’s missed a year and a half of action, and his eventual replacement (Chris Olave) was drafted this past May. He’s on a year to year basis from here out, despite $25.4M of dead cap built into 2023.

 

Corey Davis (Jets, 27)

Signed Through: 2023
Guarantees Through: 2022
Guarantee Remaining: $13M

Davis only played 9 games in 2021, so the Jets will be looking for plenty more in a fully guaranteed $13M 2022. It’s a 1 year, $10.5M option thereafter.

 

Robbie Anderson (Panthers, 29)

Signed Through: 2023
Guarantees Through: 2022
Guarantee Remaining: $13M

Anderson’s cap hit jumps from $11M to $21.7M in 2023. While the Panthers will certainly be able to tolerate it, Anderson will remain a “one and done” candidate until he’s not. He’s a trade candidate as well.

 

Curtis Samuel (Commanders, 26)

Signed Through: 2023
Guarantees Through: 2022
Guarantee Remaining: $10M

Samuel’s injuries have all but wiped out his big free agent signing in Washington. He’ll have a chance right that ship in Carson Wentz’s offense, but for now it’s hard to imagine him sticking on this deal past 2022.

 

Robert Woods (Titans, 30)

Signed Through: 2025
Guarantees Through: 2022
Guarantee Remaining: $10M

Woods was acquired from the Rams long before the A.J. Brown exit was finalized. Despite 4 years, $57M remaining on his deal, it’s a 1 year $10M contract from a guarantee structure layout.

 

DJ Chark (Lions, 26)

Signed Through: 2022
Guarantees Through: 2022
Guarantee Remaining: $10M

Chark accepting a one year tender surprised a few people, but the $10M guarantee is certainly nothing to scoff at. He’ll get a chance to produce in an improving Lions’ offense, then hit the open market in a cap-inflated 2023 offseason.

 

Marquez Valdes-Scantling (Chiefs, 28)

Signed Through: 2024
Guarantees Through: 2022
Guarantee Remaining: $9M

$6.44M of MVS’ 2023 salary fully guarantees next March, so a solid 2022 will make this a 2 year, $18M contract fairly easily. But KC built this as a 1 year, $9M deal for now.

 

Adam Thielen (Vikings, 32)

Signed Through: 2024
Guarantees Through: 2022
Guarantee Remaining: $4.2M

Thielen restructured his deal this March for cap purposes, but it did little to secure the 2 years, $30M remaining after the 2022 season. He’s a bubble candidate from here out.

 

JuJu Smith-Schuster (Chiefs, 25)

Signed Through: 2022
Guarantees Through: 2022
Guarantee Remaining: $2.49M

Just 25 years old, another injury slowed JuJu’s inaugural season with Patrick Mahomes. He returns on an incentive-laden deal for 2022, with a chance to take the reins on the WR1 spot, and land a multi-year guarantee in 2023.

 

Sammy Watkins (Packers, 29)

Signed Through: 2022
Guarantees Through: 2022
Guarantee Remaining: $350k

Watkins joins his 5th NFL team in 9 seasons, this time on nothing more than a bloated camp contract in Green Bay. Then again, this seems like one of those moves that works out fantastically for Aaron Rodgers and the Packers. If it does, it’ll be one of the best $1.85M spent in the league this season.

 

DeAndre Hopkins (Cardinals, 30)

Signed Through: 2024
Guarantees Through: n/a
Guarantee Remaining: $0M

Hopkins’ PED suspension voided all future salary guarantees, putting him on a year to year status with Arizona from here out. With a $30.75M cap hit looming in 2023, something is going to give in the coming months. For now, we’ll assume it’s a simple base salary restructure to remain with the Cardinals.

 

Mike Evans (Buccaneers, 29)

Signed Through: 2023
Guarantees Through: n/a
Guarantee Remaining: $0

Evans restructured his contract for the 5th time this March, piling $21M of dead cap into the 2023 season (the contract’s last). Despite nearing 30, an extension should be in the cards next offseason both for business and football purposes.

 

Diontae Johnson (Steelers, 26)

Signed Through: 2022
Guarantees Through: n/a
Guarantee Remaining: $0

Johnson and the Steelers remain far apart in extension discussions (per local reports), putting him in line for either a franchise tag next February or a trip to the open market next March. The former 3rd round pick is one of the more underrated young pass catchers in the game, and currently projects to a 4 year, $86M contract in our system.

 

DeVante Parker (Patriots, 29)

Signed Through: 2023
Guarantees Through: n/a
Guarantee Remaining: $0

Parker joins the Patriots on a 2 year, $12.3M deal, but none of it is guaranteed. He’ll get every opportunity to be the primary pass catcher this year, with exceptional value if that becomes the case.

 

Allen Lazard (Packers, 26)

Signed Through: 2024
Guarantees Through: n/a
Guarantee Remaining: $0

Green Bay tendered Lazard at a $3.9M salary for 2022, putting him in line for free agency after the upcoming season. He’s averaging just 36 grabs, 480 yards per year over the past three seasons, but his 8 receiving TDs in 2021 showed his red zone value, and clear chemistry with Aaron Rodgers. He’ll remain a financial value this season.

 

Jarvis Landry (Saints, 30)

Signed Through: 2022
Guarantees Through: 2022
Guarantee Remaining: $3M

After a release from Cleveland, Landry chose a familiar landing spot in New Orleans, joining Michael Thomas, Deonty Harty, and Chris Olave in a strong WR room. It’s a bit of a reset showcase season for Landry, who will almost certainly be looking for multi-year security after 2022.

 

Tyler Boyd (Bengals, 28)

Signed Through: 2023
Guarantees Through: n/a
Guarantee Remaining: $0

In true Bengals fashion, the guarantees ran out on this contract years ago. With Ja’Marr Chase and Tee Higgins set to gather a majority of the opportunities, Boyd’s future (while valuable) may be dwindling in Cincinnati. With 2 years, $17.6M left on the contract, it’s feasible he plays in 2022 with the Bengals, then seeks a bigger role elsewhere.

EXTENSION READY

Marquise Brown (Cardinals, 25)

Signed Through: 2023
Guarantees Through: 2023
Guarantee Remaining: $15.5M

The Cardinals acquired Brown from Baltimore as both coverage for Deandre Hopkins suspension, and a bonafide WR2 once he returns. There’s guaranteed team control here through 2023, so an extension doesn’t have to come this summer, but it sure feels like that will be the case anyway. Brown projects to a 3 year, $64M extension in our system.

 

Deebo Samuel (49ers, 26)

Signed Through: 2022
Guarantees Through: n/a
Guarantee Remaining: $0

Samuel’s discontent with the 49ers usage of him has been made public since March. Toss in an expiring contract with no guarantees, and the situation is about as fluid as possible. A camp holdout won’t happen (will force him into restricted free agency next March), but a trade demand sure might. For now, the speedy weapon projects to a 4 year, $98M contract in our system.

 

D.K. Metcalf (Seahawks, 25)

Signed Through: 2022
Guarantees Through: n/a
Guarantee Remaining: $0

Metcalf doesn’t appear phased by the walls crumbling around him in Seattle. The former 2nd round pick is set to play out a non guaranteed $3.9M salary in 2022, with a franchise tag or free agency ahead of him next March. He projects to a 4 year, $91M contract in our system right now.

ROOKIE PENDING

Justin Jefferson (Vikings, 23)

Signed Through: 2023 (+ option)
Guarantees Through: 2023
Guarantee Remaining: $4.19M

The 23-year old can’t even be evaluated against his current aged peers from a mathematical standpoint. His numbers align with (or surpass) the best WRs in the game, regardless of age or experience. Jefferson becomes extension eligible after 2022, currently projecting to a 4 year, $104M contract in our system.

 

CeeDee Lamb (Cowboys, 23)

Signed Through: 2023 (+ option)
Guarantees Through: 2023
Guarantee Remaining: $4.4M

With Amari Cooper now in Cleveland, Lamb will be given every chance to prove he’s the next WR1 of Dallas’ future. His opportunity aligns with extension eligibility after the upcoming season. CeeDee projects to a 4 year, $67M contract in our system currently.

 

Jerry Jeudy (Broncos, 23)

Signed Through: 2023 (+ option)
Guarantees Through: 2023
Guarantee Remaining: $4.67M

Jeudy missed 7 weeks last season, slowing his chance to exceed a solid rookie campaign. There’s big expectations for him this season with Russell Wilson now at the helm. A strong 2022 likely puts him into extension conversations after the season, as he becomes eligible for the first time this January

 

Tee Higgins (Bengals, 23)

Signed Through: 2023
Guarantees Through: 2022
Guarantee Remaining: $1M

Higgins can do it all, and many project we haven’t yet seen the path to the ceiling for his career. A full offseason with a healthy Joe Burrow should put he and Ja’Marr Chase into a different level of comfort and creativity on the field. Higgins becomes extension eligible after 2022, projecting to a 4 year, $74M deal right now in our system.

 

Michael Pittman Jr. (Colts, 25)

Signed Through: 2023
Guarantees Through: 2022
Guarantee Remaining: $1M

Pittman had a breakout 2021 (88 catches, 1,082 yards, 6 TDs), and should be in line for even more opportunities with Matt Ryan at the helm. He becomes extension eligible after 2022, so in essence, he’s playing for his next contract right now. Limited early production has him projecting to a 3 year, $42M deal in our system.

 

 

Gabriel Davis (Bills, 23)

Signed Through: 2023
Guarantees Through: n/a
Guarantee Remaining: $0

A 4th round pick in 2020, Davis broke out last year, becoming a goto target for Josh Allen down the stretch and through the postseason. He’s one of the buzzier names heading into 2022, and should he hold his own again, will be a top extension candidate heading toward March. He projects to a 3 year, $26M contract in our system.

 

Darnell Mooney (Bears, 25)

Signed Through: 2023
Guarantees Through: n/a
Guarantee Remaining: $0

Mooney was one of the lone bright spots for the Bears in 2021 (81 catches, 1,055 yards, 4 TD). The former 5th round pick will look to further gel with Justin Fields, despite a lackluster roster surrounding him. Mooney will become extension eligible after 2022, projecting to a 3 year, $44.5M extension currently in our system.

ROOKIE LOCKED

Jaylen Waddle (Dolphins, 24)

Signed Through: 2024 (+ option)
Guarantees Through: 2024
Guarantee Remaining: $9.3M

Waddle caught 104 balls for 1,015 yards, and 6 TD - and wasn’t the rookie of the year. With much of the attention paid to Miami’s acquisition of Tyreek Hill this offseason, Waddle’s ridiculous 2021 has been suppressed a bit. The two should be a major problem for teams out of the gate (barring Tua can play QB1 at a consistent level). Waddle is team controlled through 2025, and not extension eligible until after 2023, making Hill’s contract much easier to swallow for the next few seasons.

 

Ja'Marr Chase (Bengals, 22)

Signed Through: 2024 (+ option)
Guarantees Through: 2024
Guarantee Remaining: $9.2M

The offensive rookie of the year will remain one of the best values in all of football for at least two more seasons, as his extension eligibility doesn’t kick in until after the 2023 campaign.

 

DeVonta Smith (Eagles, 23)

Signed Through: 2024 (+ option)
Guarantees Through: 2024
Guarantee Remaining: $7.4M

Smith’s 2021 production (64 catches, 916 yards, 5 TDs) might dip a bit with AJ Brown now in the fold, but it’s obvious he’s going to be a real factor in the Eagles’ offense. He’s team controlled through 2025, not extension eligible until 2024 and primed to be one of the better values in the game.

 

Rashod Bateman (Ravens, 23)

Signed Through: 2024 (+ option)
Guarantees Through: 2024
Guarantee Remaining: $5.4M

With Hollywood Brown now out west, Bateman will get legitimate WR1 opportunities this season. He won’t become extension eligible until after 2023, so there’s massive team value on the table here.

 

Amon-Ra St. Brown (Lions, 22)

Signed Through: 2024
Guarantees Through: n/a
Guarantee Remaining: $0

The breakout star of 2021 (90 catches, 912 yards, 5 TDs) will now be surrounded by Jameson Williams (eventually) and DJ Chark for the upcoming season. St. Brown won’t be extension eligible until after 2023, so his league minimum salaries will continue to be one of the best values in football.

 

Drake London (Falcons, 21)

Signed Through: 2025 (+ option)
Guarantees Through: 2025
Guarantee Remaining: $21.5M

The #8 overall pick in this year’s draft will get immediate WR1 looks in the Falcons’ offense. He’s team controlled through 2026, and not extension eligible until after 2024, so any production here will be team-friendly.

WORK TO DO

Parris Campbell (Colts, 25)

The #59 selection back in 2019 has only seen action in 15 games over 3 seasons. Can he stay healthy? Will he gel with Matt Ryan? The time is certainly now, as his rookie contract will expire after the 2022 campaign.

 

Chase Claypool (Steelers, 24)

He’s still a trade candidate as teams enter camp, but with 2 years, $2.7M non guaranteed remaining on his contract, he’s also a pretty easy keep for the Steelers if the right offer doesn’t surface. With that said, Claypool has 121 grabs, 1,733 yards, and 11 TDs in his first two seasons. There are glimpses that he can be at least a quality WR2 in the right offense.

 

Brandon Aiyuk (49ers, 24)

Aiyuk has posted serviceable WR2 seasons to start his career, but the #25 overall pick from 2020 will certainly be asked to produce more with the Trey Lance era now here. He’s not extension eligible until after 2022, and there’s no reason to believe an early contract would be on the table. For now, he’s a $16M receiver in our system.

 

Kadarius Toney (Giants, 23)

The #20 overall pick in 2021 caught 40 balls in 10 games, but missed all of spring ball with a knee issue. He’s as much a breakout candidate as he is a bust candidate in 2022, but may be limited by Daniel Jones’ ceiling. Brian Daboll should be a welcoming sight for Toney.

Michael GinnittiJuly 22, 2022

Kyler Murray’s expected contract extension came in where we expected it to come in. The 7 year contract comes with 5 new years, $230.5M in new money. Of that, $104.3M is fully guaranteed at signing, $134.2M guaranteed by March 2024, and early vesting salaries through the 2027 season. What does it all mean? We’ll try to debrief the deal as much as possible here.

 

The $46.1M Average Salary

Love it or hate it, most of the NFL world still uses the average salary as the bragging point for a shiny new contract. In Murray’s case, his $46.1M AAV keeps him well behind Aaron Rodgers’ $50.2M, but $100,000 ahead of Deshaun Watson for 2nd place.

But unlike Watson, Murray’s deal isn’t a ripped up brand new contract, or a full guarantee, so we need to dive deeper to dissect this figure.

Over the full 7 years ($266M), the contract carries a $38M AAV. For comparisons, Josh Allen’s 8 year deals comes in at $35.5M per year, Patrick Mahomes’ 12 year contract comes in at $39.8M per year, Matthew Stafford’s 5 year deal comes in at $36.6M per year, and Aaron Rodgers’ 5 year deal comes in at $37.3M per. So in the grand scheme of things, a $38M AAV over 7 seasons is to be considered top of the market.

However…

 

The Cash Flow

Kyler Murray will see $30M in 2022, a $25M pay raise from previous contract year. That $30M of Year 1 cash ranks 10th among active QB contracts, but it’s $10M more than Josh Allen received in his first new contract season, and $19.1M more than Mahomes scored in 2020. Watson’s contract comes with an even $46M cash per year.

Through Year 2, Murray will have reeled in $69M, 8th among active quarterback contracts, $2M more than Allen, $36M more than Mahomes. Watson will (could) have earned $92M through two years on his contract with the Browns.

Through Year 3, Murray will earn at least $107.85M, 5th among active quarterback contracts, $13M more than Josh Allen, $44M more than Patrick Mahomes, $30M less than Deshaun Watson.

Murray remains 5th through Year 4 ($140.45M), 2nd through Year 5 ($183M) and 1st through Year 6 ($219.3M).

The however noted above comes in the 7th year of this contract, where Murray is slated to earn a non-guaranteed $46.35M, the highest cash compensation on this contract, and a bit of “fluff” added to the backend to ensure the originally noted $46.1M AAV came in as such.

Cumulative Quarterback Contract Rankings

 

The Guarantee Structure

Deshaun Watson aside ($230M), Kyler Murray’s contract is the 2nd highest guaranteed deal in NFL history, each from a fully guaranteed at signing standpoint, and in terms of practical/injury locks.

By putting pen to paper, Murray has officially locked in $104.3M of cash:

  • $29.035M signing bonus
  • $965,000 2022 salary
  • $2M 2023 salary
  • $36M 2023 option bonus
  • $1M workout bonus
  • $35.3M of 2024 salary

The contract remains somewhat dormant until March of 2024, when another $29.9M becomes fully guaranteed:

  • $11.9M 2025 roster bonus
  • $18M 2025 salary

In March of 2025, $36.8M of his 2026 salary fully guarantees.
In March of 2026, $19.5M of 2027 salary fully guarantees.

That’s 6 seasons of early vested compensation, an extremely rare sighting in the NFL. 

 

The Cap Structure

The Cardinals added about $1.3M of salary cap in 2022 per the Murray extension (I had previously reported a significant cap decrease, but made an error in failing to bring over proration from the rookie contract).

2022: $12.6M
2023: $16M
2024: $51.8M
2025: $45.6M
2026: $55.5M
2027: $43.5M
2028: $46.3M

The surprising number here is the $16M hit in 2023. Generally these large contracts include a bloated 2nd year, with a restructure baked into the cake. By going with a double bonus structure (signing bonus in 2022, option bonus in 2023), they’ve already built the dead cap in, and will take on a significant amount of cap savings for the 2023 year. Murray’s 5th year option was set to carry a $29.7M cap/cash hit. Arizona now chops off $13.7M of cap in 2023.

So the restructure most likely comes in 2024, where $35.8M of a $37M base salary can be converted to signing bonus. This can drop the 2024 cap hit from $51.8M down to $23.1M ($28.7M saved). This would mean updated cap hits of:

2024: $23.1M
2025: $52.7M
2026: $62.7M
2027: $50.7M
2028: $53.5M

With early guarantees built in all the way down to 2028, and just $7.1M of dead cap now sitting in that final season, it’s safe to assume that the Cardinals can restructure this contract at least two times without punishing themselves too much by its conclusion.

 

The Protection Bonuses

Kyler Murray’s contract contains an abnormal amount of offseason and per game protection.

  • $50.7M tied to March roster bonuses
  • $9.315M tied to workout bonuses
  • $4.25M tied to per game active bonuses
  • $2M tied to training camp bonuses

For comparisons, Patrick Mahomes has $0 in per game active bonuses, and $5.6M in workout bonuses over an 11 year period. Josh Allen has $0 in per game active bonuses, and $5M in workout bonuses over a 7 year period.

Obviously the per game bonuses can be money lost for Murray should injuries come into the fold, but the other elements of this contract are very much pro-player. Where many traditional contracts contain a year 1 signing bonus, a March roster bonus here or there, and simple P5 base salaries, Murray will have a chance to cash in multiple times in each calendar year. In most cases, he’ll receive a March bonus, a summer workout bonus, an in-season salary, and additional bonuses for games active. 

 

Additional Incentives

In addition to the above, Murray’s contract contains the opportunity to add $7.5M more in unlikely to be earned incentives. These break down as a maximum $1.5M per year, including:

  • $750,000 if he compiles 600 yards rushing & 6 rushing touchdowns in a given regular season.
  • $750,000 if he’s active for 70%+ of regular season snaps, AND, 70% of NFC Championship snaps, & his team wins the NFC Championship game.

 

Concluding Thoughts

Did Deshaun Watson’s contract impact the final draft for Kyler Murray’s extension? Our immediate response would be, no. If anything, this is simply a cap adjusted version of Josh Allen’s contract, with better cash flow, slightly better guarantees at signing, and $10M more of practical guarantees. The guarantee mechanisms in Murray’s contract resemble only Patrick Mahomes, as no other player has an early vesting salary that carries 6 seasons. Josh Allen’s early guarantees end in 2025, making his contract a 5 year, $164.5M deal for practical purposes.

In Murray’s case here, the early trigger in 2027 means this is a 6 year, $219.3M contract for practical purposes. It’s a huge haul for a player that has faced about as much criticism as he has praise through 3 NFL seasons, including a Wild Card loss in his single playoff appearance.

With cash being dispensed all over the year on this contract, there’s very little room for an out. But the double bonus (plus likely 2024 restructure) will also mean quite a bit of dead cap left with Arizona should they look to bail out and trade Murray at some point in the next 3-4 years.

Like it or not Cardinals’ fans, this is a contract constructed to stay for the long-term. 

Michael GinnittiJuly 15, 2022

With training camps approaching, we'll categorize the more notable NFL positions into "financial tiers", breaking down which players are locked in, playing for a new deal, could be on their way out, & plenty more.

 

Four for Four

Four Quarterbacks possess a contract that contains stability through the 2025 season, giving them four years of practical guarantee.

 

Kyler Murray (Cardinals, 25)

Signed Through: 2028
Guaranteed Through: 2027
Guarantee Remaining: $160M

Murray's deal would be surprisingly strong for the best quarterback in football, so for a guy who's shown signs, but hasn't yet put together a full season of top tier play, it's a bit of shocker. It'll be extremely hard for Murray to not see $215M+ out of this contract through 2027 based on guarantee structure.

 

Deshaun Watson (Browns, 27)

Signed Through: 2026
Guaranteed Through: 2026
Guarantee Remaining: $230M

Love it or hate it, the fully guaranteed multi-year QB contract is here. Watson stands to forfeit $57,500 per week missed this year due to suspension (yes, really), unless he’s given a full-year ban. If it’s the latter, his contract will toll, setting up Cleveland for a huge financial benefit in 2023, as his cap hit next year will drop from $54.9M, to $10M.

 

Patrick Mahomes (Chiefs, 27)

Signed Through: 2031
Guaranteed Through: 2025 (ish)
Guarantee Remaining: $149M

Mahomes’ contract has early guarantee triggers through 2030, making it extremely difficult for the Chiefs to maneuver around it. We’ve identified 2025 as a line of demarcation because it’s the final year where the guarantee mechanisms reduce from two years ahead to just one (2025 compensation guarantees in 2023, but the 2026 compensation doesn’t guarantee until 2025). The Chiefs opted not to restructure his contract again this year, keeping the dead cap “tenable” in 2025/2026. There’s still no easy out here, but KC is at least giving themselves a chance to sustain financial stability through the middle of this deal (when Mahomes will likely ask to rip it up and start anew).

 

Josh Allen (Bills, 26)

Signed Through: 2028
Guaranteed Through: 2025
Guarantee Remaining: $144M

To say that Allen’s deal is a 5 year, $164M contract practically speaking is to call it quite a value for the Bills, who will enter 2022 as the odds on favorites. Allen will lock in $47M this year thanks to the double bonus structure in his deal, but his $16M cap hit ranks 44th in the NFL, and 2nd on the Bills. Buffalo would like to see this contract run through at least the 2026 season, leaving 2 years, $81.5M (non-guaranteed) to restructure when Allen will be just north of 30 years old. There’s another massive deal in his future.

 

Matthew Stafford (Rams, 34)

Signed Through: 2026
Guaranteed Through: 2025
Guarantee Remaining: $152M

Talk about a perfect storm scenario, Stafford’s 2021-22 couldn’t have been scripted any better, putting him in line for what had to be a top of the market contract. While the $40M AAV doesn’t set any records, and the $63M guaranteed at signing seems paltry in comparison to others, Stafford will see $61.5M cash this year, a $57M guarantee next March, and it minimum, $120M through 2024. There’s a chance LAR is paying him $10M to leave town for 2025, but they’ll cross that bridge when they get there.

 

 

Three & We’ll See (Kind Of)

It was tempting to put this contract in the “one and done” tier, but while Green Bay trading Rodgers after 2022 is possible, Aaron leaving $110M on the table doesn’t seem so.

 

Aaron Rodgers (Packers, 39)

Signed Through: 2026
Guaranteed Through: 2024
Guarantee Remaining: $150M

There’s a lot to unpack with this contract, but the easiest takeaway is if Rodgers wants to play football for the 3 seasons, he’ll see $150M cash - no ifs ands or buts. Here’s the issue. Because the contract contains a 2022 signing bonus, a 2023 option bonus, and a 2024 option bonus, there’s bonus proration splattered all over it, which in turn becomes dead cap for the Packers. If Rodgers remains in Green Bay through 2024 (41 years old), the Packers will be staring at $76.8M of dead cap on the contract to start 2025. The contract does allow for tradeability after the 2022 season, if that becomes a thing again.

 

 

Let’s Play Two

Cousins, Ryan, & Prescott all have two more years fully guaranteed on their deals, with Kirk leading the way at a $70M payout.

 

Kirk Cousins (Vikings, 34)

Signed Through: 2023
Guaranteed Through: 2023
Guarantee Remaining: $70M

Short and sweet has done Kirk Cousins just fine over the past decade. The 34-year-old has averaged $21M cash per year over the past 6 seasons, and will cash out $40M & $30M respectively over the next two - fully guaranteed.

 

Matt Ryan (Colts, 37)

Signed Through: 2023
Guaranteed Through: 2023
Guarantee Remaining: $53.9M

The Colts tweaked Ryan’s deal a bit upon acquiring him from Atlanta, bumping up his compensation slightly, and guaranteeing the bulk of his next two seasons, the practical window of contention for this Indy squad. Ryan’s career earnings will vault to $321M at contract end.

 

Dak Prescott (Cowboys, 29)

Signed Through: 2024
Guaranteed Through: 2023
Guarantee Remaining: $51M

Dak slow-played himself into a quick and dirty $126M. His $31M salary for 2023 is already fully guaranteed, locking him in securely for the next two seasons. It’s a 1 year, $34M “option” for 2024, with a restructured extension prior to it the more likely outcome.

 

 

One & Done

For a variety of reasons, these players will be playing out 2022 with the prospect of joining the QB Carousel next March.

 

Tom Brady (Buccaneers, 45)

Signed Through: 2022
Guaranteed Through: 2022
Guarantee Remaining: $15M

How many retirements is too many retirements? Brady will earn a total of $30M in 2022, half of which comes from his previous signing bonus. The current contract carries $35.1M of dead cap in the 2023 (void years), but an extension prior to the void can reduce that down under $11M. The $30M to be made this year raises his career earnings past $332M on the field.

 

Ryan Tannehill (Titans, 34)

Signed Through: 2023
Guaranteed Through: 2022
Guarantee Remaining: $29M

The Titans put the writing on the wall with their securities about Tannehill going forward when they refused to restructure his NFL leading $38.6M cap hit this spring. It’s clear that their QB1 is on a year to year showcase, and that the only thing keeping him in the fold this season, is the $29M salary that became fully guaranteed in March of 2021. Tennessee can free up almost $18M of cap space next year to move on.

 

Carson Wentz (Commanders, 30)

Signed Through: 2024
Guaranteed Through: 2022
Guarantee Remaining: $28.3M

Washington gave up three draft picks for the right to pay Wentz $28M+ this season, but this doesn’t need to be a “one and done” situation. If we’re playing glass half full here, should the Wentz/Washington marriage work out, a 3 year, $81M contract for a veteran QB1 certainly has value. $9M of his 2023 compensation locks in early next March, so we’ll know quickly how things will proceed after 2022. There’s $0 dead cap on the deal going forward ($26.1M savings next season to move on).

 

Derek Carr (Raiders, 31)

Signed Through: 2025
Guaranteed Through: 2022
Guarantee Remaining: $24.9M

We’re just being fair to the structure here. Carr’s new contract contains just $24.8M fully guaranteed at signing, all in 2022. Another $40M is set to lock in next March, but until then, Las Vegas will have a legitimate out (if say, a certain Green Bay QB is trying to get out again). With that said, Carr was able to build in a full no-trade clause in this deal, putting him at least in charge of where his next destination might be, if anywhere.

 

Jameis Winston (Saints, 28)

Signed Through: 2024
Guaranteed Through: 2023
Guarantee Remaining: $15.2M

It’s unclear if Winston will be healthy enough to start Week 1, but at some point this season, he’ll be given a chance to win this job back for the immediate future (so says his contract). $5.8M of his $12.8M compensation in 2023 guarantees in early March, so if he’s not the guy, this will be a quick hook.

 

Marcus Mariota (Falcons, 29)

Signed Through: 2023
Guaranteed Through: 2022
Guarantee Remaining: $6.75M

Mariota gets another attempt to showcase his starting QB abilities, and there are worse offensive situations to be dropped into. A tight end heavy, mobile quarterback friendly offense could really match well with a seasoned Mariota, despite Atlanta projecting to be one of the worst teams in all of football this year. A $3M roster bonus next March will be a sticking point for 2023.

 

Mitchell Trubisky (Steelers, 28)

Signed Through: 2023
Guaranteed Through: 2022
Guarantee Remaining: $5.25M

We’re projecting Trubisky to win the QB1 spot over Kenny Pickett out of the gate, but there’s no reason to believe he’ll hold serve for 18 weeks. His $6.2M compensation for 2022 aligns with high-end backup pay, so Pittsburgh isn’t reaching in any regard to take this shot.

 

Daniel Jones (Giants, 25)

Signed Through: 2022
Guaranteed Through: 2022
Guarantee Remaining: $4.2M

Despite a vote of confidence from the new regime, Daniel Jones saw his $22.3M option for 2023 declined this May, putting him on an expiring rookie contract in New York. The Giants seem poised to give him every opportunity to prove his worth this season, but they also handed out $8M+ guaranteed to Tyrod Taylor this March, including nearly $3M in 2023.

 

Drew Lock (Seahawks, 26)

Signed Through: 2022
Guaranteed Through: N/A
Guarantee Remaining: $0

Will Sam Darnold, Geno Smith or Jimmy Garoppolo poach the starting gig from Lock prior to Week 1? Maybe, but we’re projecting otherwise right now. Lock seems the perfect candidate to get Seattle through an expedited rebuild/tank this year, putting them in position to select their future QB1 in the 2023 draft. Is the roster too talented to succeed in this fashion? It’s possible, but Seattle may not yet be done subtracting this offseason.

 

 

Who Blinks First?

A couple of MVP caliber quarterbacks who can’t seem to get on the same page with their respective teams in terms of their sophomore extensions. Kyler seems likely to get this done by August. Lamar looks more like a 2023/tag conversation.

 

Lamar Jackson (Ravens, 25)

Signed Through: 2022
Guaranteed Through: 2022
Guarantee Remaining: $23M

Despite plenty of “reports”, the fact of the matter is that a new contract for Lamar Jackson doesn’t currently exist, and it appears that will be the case for the 2022 season. This means that an exclusive franchise tag is likely coming next February, putting plenty of pressure on the Ravens to resolve this. He projects to a 4 year, $176M extension in our system.

 

 

The Brinks Truck Is En Route

Big money is coming, will it all be fully guaranteed?

 

Russell Wilson (Broncos, 34)

Signed Through: 2023
Guaranteed Through: N/A
Guarantee Remaining: $0

As Matthew Stafford did with the Rams last offseason, Wilson and the Broncos appear poised to play the “one year to settle in” plan before dealing with a new contract. Wilson’s current contract holds $51M through 2023, but none of it is guaranteed. If all goes well this year, the 34 year old projects to a 4 year, $176M extension next offseason.

 

Joe Burrow (Bengals, 26)

Signed Through: 2023 (+2024 option)
Guaranteed Through: 2023
Guarantee Remaining: $9.4M

Burrow will become extension eligible for the first time after the 2022 season. If the upcoming season looks anything like 2021 did, the fully guaranteed $50M per year request will send itself. But are the Bengals the type of organization to meet these top of the market demands? There are plenty of scenarios that tell us no. This situation could go from amazing to terrible in a hot minute. With that said, including the no-brainer 5th year option in 2024, Cincy has 3 years of team control ahead of them, even if the new contract noise gets louder and louder by the week.

 

Justin Herbert (Chargers, 24)

Signed Through: 2023 (+2024 option)
Guaranteed Through: 2023Guarantee Remaining: $7.2M

Herbert will become extension eligible for the first time after the 2022 season, and while he doesn’t have the team success that a Joe Burrow currently possesses, he has ALL the individual numbers on his side. The 24 year old currently projects to a 6 year, $258M extension, putting him in line with Josh Allen’s recent deal with the Bills. If the other LA team can put it together this year, the sky might be the limit here financially.

 

 

Hanging on for Dear Life

Goff can certainly play himself into another season (he has 3 left under contract), while Baker is playing for some kind of contract in 2023.

 

Jared Goff (Lions, 28)

Signed Through: 2024
Guaranteed Through: 2022
Guarantee Remaining: $26M

Goff threw 19 TDs against 8 INTs in 14 games for the Lions last year, posting a 91 Passer Rating, his highest in 3 seasons. He’s almost certainly not the long term answer for Detroit, but he’ll prove to be an adequate stopgap for the time being. The Lions can walk away from the remaining 2 years, $52.3M after 2022 with a $10M dead cap hit.

 

Baker Mayfield (Panthers, 27)

Signed Through: 2022
Guaranteed Through: 2022
Guarantee Remaining: $18.8M

No surprise here. Mayfield will compete with Darnold for the starting gig in Carolina (potentially on a weekly basis?). The Panthers will pay out around $4.8M in base pay ($3.5M incentives), while Cleveland takes on $10.5M of retained salary to move on. Does he get Trubisky’ed next year? Franchise tagged? Extended? All are possible.

 

 

Make it Or Break It (Up)

While these three quarterbacks have plenty of team control left on their rookie deals, there’s a sense that for Tua & Hurts, the organizations have done all they can to provide them the best “showcase” season possible. If they don’t hold up their end of the bargain, it’s widely expected that their respective teams will look elsewhere going forward. For Mills, he’s a solid prospect, acting as a stopgap in a slow Houston rebuild.

 

Tua Tagovailoa (Dolphins, 24)

Signed Through: 2023 (+2024 option)
Guaranteed Through: 2023
Guarantee Remaining: $8.1M

The Dolphins certainly upped the stakes with Tua’s immediate future status, adding key pieces to every facet of the roster (including Teddy Bridgewater as a QB2). Factor in a creative, offensive-minded coach, and an owner seemingly trying everything to win (Tom Brady, Sean Payton, etc…), and it’s an understatement to say this is a big year for Tua.

 

Jalen Hurts (Eagles, 24)

Signed Through: 2023
Guaranteed Through: N/A
Guarantee Remaining: $0

Like Tua (above), Hurts has been given plenty of toys to play with offensively over the past two offseasons, and will be firmly in the spotlight as a breakout candidate for 2022. Unlike Tua, Jalen’s rookie contract guarantees have all expired, putting him on a year to year basis through 2023 (no 5th year option available thereafter). 

 

Davis Mills (Texans, 24)

Signed Through: 2024
Guaranteed Through: N/A
Guarantee Remaining: $0

Mills showed enough late last year to earn the QB1 job for a team going through a slow rebuild right now. But he’ll need to take a leap in 2022 to have a chance to be in the future plans for the Texans. Though his contract holds 3 years, $3.4M left, none of it is guaranteed.

 

 

Let’s Give it A Minute

These five quarterbacks are entering year two of their rookie contracts, with a few (Lawrence/Jones) at least starting to be considered for a second deal. It’s a big year for all (maybe excluding Justin Fields in his current climate).

 

Trevor Lawrence (Jaguars, 23)

Signed Through: 2024 (+2025 option)
Guaranteed Through: 2024
Guarantee Remaining: $12M

While Lawrence racked up plenty of yardage (3,640), the efficiency numbers left plenty to desire (12 TD, 17 INT, 72 rating). But we’ve seen plenty of historic QBs go through rookie campaigns like this, only to break out 12-24 months later. Jacksonville’s aggressive offseason both with the coaching staff and the active roster puts Lawrence on a great path to succeed in 2022.

 

Zach Wilson (Jets, 23)

Signed Through: 2024 (+2025 option)
Guaranteed Through: 2024
Guarantee Remaining: $11.5M

Wilson completed 55% of his passes for 2,334 yards and a 70 rating in his rookie campaign, making Jets fans feel extremely Jets-y. The front office combatted that with a big offseason via draft & free agency (including a legitimate run at Tyreek Hill), creating what may be a false optimism, but at least putting Wilson in a better spot than he was a year ago. There’s no reason to sniff a 2nd contract discussion here yet.

 

Trey Lance (49ers, 22)

Signed Through: 2024 (+2025 option)
Guaranteed Through: 2024
Guarantee Remaining: $11.3M

We’re projecting Lance to win the QB1 gig over Garoppolo this summer, and that’s about all we can project. The Niners gave up a trade package to select Lance that suggests he’s the next coming of Steve Young in San Francisco, but with Deebo Samuel disgruntled, OC Mike McDaniel now in Miami, and a few offensive lineman questionable still, middle of the road might be the best case scenario here in 2022.

 

Justin Fields (Bears, 23)

Signed Through: 2024 (+2025 option)
Guaranteed Through: 2024

Guarantee Remaining: $7.1M

It was a rough rookie campaign for Fields, who threw 7 TDs against 11 INTs for a 73 rating in 12 games. The good news? He’ll have full control of this offense out of the gate. The bad news? There’s a lot of “new” around him, and not much evidence that it’s going to lead to any success. This might very well be a Lamar Jackson type year for Fields, where he’s asked to do everything with his superpowers.

 

Mac Jones (Patriots, 24)

Signed Through: 2024 (+2025 option)
Guaranteed Through: 2024
Guarantee Remaining: $6.14M

Year one for Jones saw 3,800 yards, 22/13 TD/INT, a 92.5 rating, and a #11 QB grade from PFF. There’s a ton of optimism, and a few new weapons around him, but with Josh McDaniels departed, there’s still no reason to rush into a $40M conversation.

Michael GinnittiJuly 01, 2022

With the July 15th deadline for teams to extend their tagged players approaching, we’ll assess where things stand with each, including projected multi-year contracts for those still in need.

 

Already Extended

Cam Robinson (OT, JAX)

The Jaguars left tackle was offered a second franchise in February that valued at $16.6M. Jacksonville bumped that out to 3 years, $54M in April, dropping the 2022 cap hit by $9M, while increasing his cash this year up to $17.75M. It’s a 2 year, $35M contract practically speaking.

Davante Adams (WR, GB/LV)

Adams’ $20.1M franchise tag offer lasted 9 days, as the Packers shipped their star WR to Vegas, who in turn signed the 29-year-old to a 5 year, $140M extension. Adams will now see $23.35M in 2022, and $67.5M through 2024. 

Chris Godwin (WR, TB)

The Bucs didn’t wait around too long to lock in one of Tom Brady’s favorite weapons, extending Godwin out of his $19.1M tag, into a 3 year, $60M contract with $20M cash in 2022, and $40M fully guaranteed through 2023.

David Njoku (TE, CLE)

Njoku finally turned a corner through the second half of 2021, and now seems to have a real place in Cleveland’s offensive mindset. That prompted the Browns to extend him out of the $10.9M tag, into a 4 year, $54.75M contract, including $12.5M cash in 2022. It’s a 3 year, $39.5M deal for practical purposes.

 

Still on the Tag

Dalton Schultz (TE, DAL)

The Cowboys and their tight end remain far apart on a multi-year extension, putting Schultz in line to play out the $10.9M franchise tag he signed in March. The 25-year-old projects to a 4 year, $58M contract in our system, which would make him the 2nd highest average paid tight end in football.

Mike Gesicki (TE, MIA)

Like Schultz, Gesicki may be asked to play out 2022 on the $10.9M tag, as the Dolphins have pumped over $500M in new contracts to their roster. With a cap set to soar in 2023, and Gesicki now surrounded by a lot of offensive talent, playing the long game could very much benefit him financially, though he already projects to a 4 year, $57M deal in our system currently. 

Orlando Brown Jr. (OT, KC)

The Chiefs gave up a lot of draft capital in 2021 to acquire their new left tackle, but there doesn’t appear to be too much rush in locking him in long-term this summer. The two sides have been negotiating, but anything below a $100M over 5 years likely isn’t even worth talking about here. Brown projects to a 5 year, $112M contract in our system. There’s a growing sense that he’ll play 2022 on the $16.6M franchise tag.

Jessie Bates III (S, CIN)

Of all the unsigned franchise tag players on this list, Bates seems the least likely to find a worthy extension offer over the next two weeks. The safety market took a big step forward with deals of $17.6M per year for Jamal Adams, & $18.4M per year to Minkah Fitzpatrick. Bates projects around the $16M mark, putting him in line for 5 years, $80M. The $12.9M safety tag is certainly tenable for Cincinnati from a cap/cash standpoint, but with so many rookie deals dispersed across the roster, it should be a priority to lock in their All-Pro defensive back.

Michael GinnittiJune 29, 2022


  1. The Cleveland Browns acquire QB Deshaun Watson

    If I told you a team gave up 3 first round picks, a third round pick, and a fourth round pick for a player, you’d say - wow, that’s a haul. If I then told you that the player received a $230M contract, fully guaranteed at signing, you’d say - is this baseball? If I told you that it was already known prior to that the player would be suspended for a large portion of time upon the signing of the contract, you’d say - wait, what? And then if I told you the team accepted language in the contract that forbids them from recouping money lost due to that suspension, you’d say - this must be the Browns right?

    The outcome of this trade is obviously TBD, but the circus makes it the leader in the clubhouse by a factor of ten thousand.

  2. The Denver Broncos acquire QB Russell Wilson

    In any normal offseason, this move would have led the charge through the summer. But Deshaun Watson, and the “Summer of the WR” overshadowed the transaction almost immediately after it was processed. That shouldn’t change the potential ceiling that Wilson brings to a “win-ready” roster. Denver and Wilson appear to be taking the Rams/Stafford approach, in that both will give it a year to settle in before a new contract is approached. Wilson holds 2 years, $51M through 2023.

  3. The Miami Dolphins acquire WR Tyreek Hill

    It was a toss-up between Hill and Adams as the top WR trade, but based on volume alone, Hill takes the top spot. The Chiefs acquired 5 draft picks for their star WR: A 1st, 2nd, 4th, 4th, and 6th. Factor in the 4 year, $120M extension ($72.2M guaranteed), and this adds up to a blockbuster move by the Dolphins.

  4. The Las Vegas Raiders acquire WR Davante Adams

    The Dolphins made the Raiders acquisition of Adams look paltry in hindsight. Adams joins the AFC West for a 1st, 2nd, and $65M guaranteed through 2024. The Carr/Adams connection could be a gamechanger for the Raiders, who live in one of the league’s toughest divisions, yet refuse to mail it in.

  5. The Indianapolis Colts acquire QB Matt Ryan

    This would be higher (and might be in a few months) if I felt better about the Colts young, unproven passing weapons. It feels like this offense will be about possession, and short yardage progression. With a weak division and a lot of talent, they should walk into the postseason with Ryan at the helm, who holds a 2 years, $54M guaranteed through 2023.

  6. The Cleveland Browns acquire WR Amari Cooper

    Two days before the Browns won the Watson sweepstakes, they brought over Cooper from the Cowboys for what now seems like highway robbery - a 5th round pick. Yes, he’s guaranteed $20M this year (most of which has already been converted to a signing bonus), but a healthy Cooper is a runaway WR1 for this roster, and with 3 years, $60M left on the deal, if he works out, there’s value to be had here. If not, they can walk away after 2022 with no additional cash owed. Hopefully he and Jacoby Brissett are working overtime on their chemistry.

  7. The Washington Commanders acquire QB Carson Wentz

    Wentz has been one of the most inaccurate and worst decision-making QBs over the past 3 seasons, and yet Washington had no problem trading away a conditional 2nd round pick (2023 3rd round pick becomes a 2nd if Wentz plays 70% of the snaps in 2022) to take on his $28M salary this year. If it works out, then it works out. When it doesn’t, it’ll be back to square one for Washington, and a backup role for Wentz.

  8. The Los Angeles Chargers acquire EDGE Khalil Mack

    He might not be able to handle #1 pass rush duties anymore, but a Joey Bosa + Khalil Mack attack should be one of the most dangerous in all of football. Mack has 3 years, $64M left, but there’s an out after 2022 if LAC needs it. The Bears took back a 2nd and 6th round pick to move on here.

  9. The Philadelphia Eagles acquire WR AJ Brown

    Anyone with rooting interest here hates that I made this 9th, but Brown has to be great to make this one stick. Or at the very least, he better be markedly better than Treylon Burks, the key pick given up to bring Brown over to Philly (Tennessee also gained a 2022 3rd). Burks gets $14M guaranteed over 4 years, Brown gets $57M guaranteed over 3. I love the “all-in-for-Hurts” move, but it was a home run swing when a bunt could have easily kept the inning alive.

  10. The Buffalo Bills acquire QB Case Keenum

    There were a few options to sneak into the top 10, but after losing Mitchell Trubisky to free agency, Buffalo had a big hole behind MVP favorite Josh Allen. It was widely assumed that a reunion with Tyrod Taylor or Ryan Fitzpatrick would suit well, but Buffalo took much more value in their QB2 opening, shipping a 7th round pick to rival Cleveland for a player who at times, outplayed Baker Mayfield in each of the past two seasons.

    Not only is this a good handcuff for Josh Allen - it’s a massive loss for Cleveland right now, as they turned around and signed Jacoby Brissett (to a near $5M contract), while also paying Keenum’s $1M roster bonus. Keenum’s experience not only in his 10 year career, but also with this Browns’ offense the past two seasons, would have been essential as a fill-in option for Watson’s pending suspension.

Honorable Mentions

Michael GinnittiJune 15, 2022

DK Metcalf is currently holding out from the Seattle Seahawks’ mandatory offseason activities, putting himself in line for a potential $95,000+ of fines (team discretion), while he awaits a new contract.

Metcalf is entering a contract year, currently set to earn $3.986M in the final season of his rookie contract, but wants a piece of the now very large pie that is the new wide receiver market.

The #64 overall selection back in 2019 burst onto the scene, catching 58 balls for 900 yards and 7 TDs in his rookie campaign. It only got better from there. Metcalf’s 1,303 yards, 83 catches, and 10 TDs in 2020 earned him 2nd team All-Pro honors. While his numbers dipped slightly last year (75 grabs, 967 yards), the now 24 year old found the endzone 12 times.

So what next? The dynamic of the Seattle organization has obviously changed with QB Russell Wilson now in Denver, Bobby Wagner now in LA. But it’s still Pete Carroll’s team, and many of the weapons will return for the 2022 season. Should Metcalf be seeking a move to a better QB situation now? Or is the goal simply to get paid before the wheels fall off in Seattle come September, then force a trade as quickly as possible thereafter?

Let’s assume for now that it’s the latter, and that contract negotiations are well underway between Seattle GM John Schneider & Metcalf’s agent Tory Dandy. Dandy has had a busy offseason, negotiating identical stay at home deals for both Chris Godwin (TB) and Mike Williams (LAC), while also working through the trade & sign scenario for A.J. Brown. Dandy also represents Deebo Samuel, another ongoing team/player contract battle.

With this knowledge in tow, it’s reasonable to foresee a situation where a viable contract is not offered by Seattle, and A.J. Brown’s scenario becomes a reality for Metcalf, despite teams heading toward training camp in a few weeks. So what will it take for Seattle to retain their star WR?

A.J. Brown’s contract becomes the prototype. Yes, there are bigger WR deals now on the books, but Tyreek Hill, Davante Adams, and Cooper Kupp all recently signed their third contracts, and should be placed in a separate tier when building out comparisons.

 

The A.J. Brown Effect

Brown signed a 4 year, $100M extension in Philadelphia, a deal that included over $24M in Year 1, and $57M practically guaranteed through the first three seasons. Brown’s previous two year production is just slightly better than Metcalfs, as were Amari Cooper, DJ Moore, and Chris Godwins. But all of these WRs deserve to be in the same conversation when it comes to contract negotiations. There’s one glaring exception though: Touchdowns. Brown, Moore, Williams and Cooper combined for an average of .44 touchdown receptions per game played over the past two seasons. Metcalf chimes in at .67, a huge number for a receiver with Tyler Lockett on the other side of the field.

Metcalf isn’t just a freak athletic running go routes. He has space creating ability, and can turn into a tight end style red zone option when the offense needs it most. It’s a trait that almost none of these other comparable receivers can boast on a consistent basis, and it’s worthy of more money at the end of the day.

 

Calculated Value

From a total resume standpoint, Metcalf mathematically projects to a 4 year, $88M extension. If we’re talking average annual salary (which we shouldn’t), this $22M per year places him 7th among active WRs. The $88M new money also ranks 7th. Are these reasonable numbers for Metcalf? Yes. But reasonable likely doesn’t keep him in a QB-less Seattle.

 

Tyler Lockett’s Contract

Is it common for teams to carry two high paid receivers respectively? Not particularly. A quick spin around the league currently shows that Carolina (Moore, Anderson), Denver (Sutton, Patrick), Las Vegas (Adams, Renfroe), LA Chargers (Williams, Allen), LA Rams (Kupp, Robinson), NY Giants (Golladay, Shepard), Tampa (Evans, Godwin, Gage) are carrying multiple receivers with a contract north of $10M per year.

Of the group, the Raiders probably become the best future comparable. We know Davante Adams went bigtime with his 5 year, $140M extension, $65M+ practically guaranteed, but LV followed that up with a 2 year, $32M deal for Hunter Renfroe this month.

Tyler Lockett is entering year two of a 5 year, $80M contract, and is pretty comfortably locked into 2 years, $25M through the 2023 season based on dead cap structure. By assessing Lockett’s deal in this manner (numbers lower than Renfroe’s extension), there should be no concern with Seattle tossing a $25M per year contract on top here - especially when factoring in that the Raiders also handed out a $65M guarantee to their starting QB this spring, and the Seahawks may not spend $5M total on all of their QBs in 2022.

 

Projecting Metcalf’s Next Contract

With all of this said, let’s put a little logic on top of the previously mentioned math. Is it easy enough to simply look at A.J. Brown’s contract and say “that works”? Maybe. But Brown’s contract came with draft capital attached to it via the initial trade to get him in the door. If I’m DK Metcalf’’s camp right now, there’s a surcharge to stay. We can keep the 4 years, $100M new year new money numbers for “team friendly” marketability, but the 57% practically guaranteed needs to slide up to 60, and $42M of that has to be fully locked in at signing, surpassing D.J. Moore’s $41.6M number.

4 new years, $100M new money; $60M practically guaranteed, $42M fully at signing

Michael GinnittiJune 08, 2022

Summary of Transactions

The Rams have utilized all areas of general management this offseason, and all of these moves have some form of salary cap impact. We’ll detail them below.

Pending Free Agent Extensions: 2
Under Contract Extensions: 2
Signed via Free Agency: 4
Acquired via Trade: 1
Contract Restructures: 1
Lost via Trade: 1
Lost via Retirement: 1
Outright Releases: 1
Lost via Free Agency: 9

2022 SALARY CAP IMPACT

TRANSACTIONS ‘22 CAP IMPACT NET CHANGE
4 Free Agent Signings
2 Pending Free Agent Extensions
8 Signed Draft Picks
$15.14M $15.14M
3 Under Contract Extensions -$13.125M $2.015M
2 Trades (1 in, 1 out) -$1.3M $715k
1 Outright Release -$2.05M -$1.335M
1 Retirement -$15.5M -$16.835M
1 Restructure -$12M -$28.835M

 

In other words, the Rams added or brought back 15 players, moved on from 3 under contract (trade, retirement, release), and by extending three notable players (Donald/Stafford/Kupp) and restructuring another (Floyd), came away with over $28M of additional cap space in 2022.

 

New Starters

Using the projected depth chart from Ourlads, here’s a breakdown of potential starting roles that have been replaced for the upcoming 2022 season.

WR Allen Robinson (trade) replaces Odell Beckham Jr. (free agency)/Robert Woods (trade)
OL Joe Noteboom (internal) replaces LT Andrew Whitworth (retirement, pending)
OG Logan Bruss (draft) replaces Austin Corbett (free agency)
LB Justin Hollins (internal) replaces Von Miller (free agency)
LB Bobby Wagner (free agency) replaces Troy Reeder (free agency)
P Riley Dixon (free agency) replaces Johnny Hekker (release)
KR Brandon Powell (free agency) replaces Cooper Kupp/Ben Skowronek

 

Pending Free Agent Extensions ($5.3M)

New contracts for a few offensive lineman before they hit the open market added $5.3M of cap to the Rams’ table this past March.

March 14th
Extended C Brian Allen 3 years, $18M with $10M guaranteed through 2023.
2022 Cap Charge: $1.8M

March 14th
Extended new LT Joe Noteboom 3 years, $40M with $25M guaranteed through 2023.
2022 Cap Charge: $3.5M

 

Under Contract Extensions

The Rams freed up $12.25M of cap space in restructuring/extended massive contracts with their franchise QB and defensive weapon.

March 19th
Extended QB Matthew Stafford 4 years, $160M with $130M guaranteed through 2025.
2022 Cap Charge: $13.5M ($9.5M saved)

June 6th
Extended DL Aaron Donald 3 years, $95M with $65M guaranteed through 2023.
2022 Cap Charge: $24M ($2.75M saved)

June 8th
Extended WR Cooper Kupp 3 years, $80.1M with $75M guaranteed through 2023.
2022 Cap Charge: $17.8M ($875k saved)

 

Trades

LA surprised many when they moved on from Robert Woods, and surprised nobody when they brought back Troy Hill. They netted $1.3M of cap with these moves.

March 19th
Traded WR Robert Woods to Tennessee, taking on an $11.9M dead cap hit.
2022 Cap Savings: $3.8M

April 30th
Acquired CB Troy Hill from the Browns on a 1 year $4.5M contract, converting $3M to bonus.
2022 Cap Charge: $2.5M

 

Free Agents

The Rams added 4 projected starters in free agency this spring. They combine for just $8.5M of 2022 cap this season.

March 17th
Signed WR Allen Robinson 3 years, $46.5M with $30.75M guaranteed through 2023.
2022 Cap Charge: $4.3M

March 19th
Signed KR Brandon Powell, 1 year, $1M
2022 Cap Charge: $895,000

March 31st
Signed LB Bobby Wagner 5 years, $50M with $20M guaranteed through 2024.
2022 Cap Charge: $2.5M

April 5th
Signed P Riley Dixon to a 1 year, $1M contract
2022 Cap Charge: $895,000

 

Releases

After a run of Pro Bowl caliber seasons, LAR moved on from their starting punter. It freed up $2M of cap space, and they went on to replace him with Riley Dixon’s $895k charge.

March 15th
Released P Johnny Hekker, taking on a $942,000 dead cap hit.
2022 Cap Savings: $2.05M

 

Restructures

The single contract conversion of the offseason (thus far) opened up $12M of much needed space at the start of free agency.

March 16th
Restructured LB Leonard Floyd’s contract
2022 Cap Savings: $12M

 

Draft Picks

The Rams have 8 players under contract from the 2022 NFL Draft, starting with pick #104.
2022 Top 51 Draft Pool: $1.25M

 

Retirement (assumed)

LT Andrew Whitworth retires, leaving behind a $2.16M dead cap hit for 2022, $2M for 2023.
2022 Cap Savings: $15.5M

 

Additional Dead Cap

In addition to the dead cap hits mentioned above, the Rams hold $680,000 of dead cap from moves made both in 2021 and this offseason thus far.
2022 Cap Charge: $680,000

 

Still To Come

Starting LG David Edwards, RT Rob Havenstein DT Greg Gaine, DE A’Shawn Robinson, FS Nick Scott, CB David Long and K Matt Gay are all in contract years. Do the Rams strike early on any of these extensions?

 

But What About 2023...

Now we're talking. Anyone who follows the business of the NFL closely knows that a move made today almost always mean more pain tomorrow. As it currently stands, the 2023 Rams have 62 players under contract with $240M of cap allocated. If we project a $218M league salary cap, this means we estimated LAR to be about $12M over right now from a Top 51 standpoint, $22M in total allocations.

Aaron Donald + Matthew Stafford + Jalen Ramsey + Leonard Floyd currently = $105M of 2023 salary cap.

The good news? All of that cap is just as flexible as the 2022 figures were. And Les Snead can wave his magic wand and do the above all over again. Rinse, Repeat, Rinse, Repeat...until they're bad.

Michael GinnittiJune 06, 2022

Aaron Donald’s not only not retiring, he’s now the highest paid non-quarterback in the history of football - and then some.

The 31 year old defensive lineman had the final 3 years, $52.25M remaining on his previous contract almost entirely ripped up. The result is a 3 year, $95M contract through the 2024 season, with guarantee mechanisms in 2023, early March vesting on the 2024 compensation, and two void years for cap purposes.

 

The Cash Flow

Donald will see $31.5M in 2022, up significantly from the $14.25M he was set to earn this season previously. There’s another $28.5M to be made in 2023, totalling $60M across the first two seasons. In 2024, the contract offers a whopping $35M cash, $5M of which locks in March of 2023, the rest becoming fully guaranteed in March 2024. The $95M over the first three seasons of the contract puts Donald in very rare company:

There are 7 contracts with a 3 year cash flow north of $95M - all of them are quarterbacks.

  1. Aaron Rodgers: $150.8M
  2. Deshaun Watson, $138M
  3. Dak Prescott, $126M
  4. Matthew Stafford, $120M
  5. Russell Wilson, $107M
  6. Derek Carr, $99.9M
  7. Josh Allen, $95M

Cumulative Cash Flow for Active NFL Contracts

 

The Average Annual Salary

Not the most useful metric available because of its inconsistencies, but for all intents, Aaron Donald is now a $31.6M per year NFL player. This ranks 12th in the entire NFL, 1st among all non-quarterbacks.

But (and it seems like there’s always a but with these NFL contracts), the $5M roster bonus allocated to 2022 was technically built into his previous contract and carried over to the new deal. However, since we’re treating this as a rip up and start over process (like we did with Aaron Rodgers), it’s $95M over 3 years year at the end of the day.

2022 NFL Average Salary Rankings

 

The Guarantee Structure

Aaron Donald’s new deal comes with $46.5M fully guaranteed at signing, by way of a $25M signing bonus, a $1.5M 2022 base salary, a $5M 2022 roster bonus, and a $13.5M 2023 roster bonus.

Another $18.5M fully locks in next March, via a $13.5M 2023 base salary, and a $5M roster bonus for 2024. Should he or the Rams cut loose after 2023, it’ll be a 2 year, $65M contract ($5M of which becomes a parting gift, with no offset language).

If he sticks around for 2024, another $30M becomes fully guaranteed in March of 2024, by way of a $10M base salary, and a $20M option bonus. That means every dollar of this $95M contract is either guaranteed at signing, or comes with some form of early vesting.

 

The Current & Potentially Future Cap Structure

Despite tacking on two void years to help the salary cap portion of this contract to spread out, the Rams will only free up $2.75M of cap space per this new pact ($12.5M of bonus proration carried over from the previous contract).

The deal currently carries cap hits of:

2022: $24M
2023: $38M
2024: $31.1M
2025: $23.3M (void year dead cap)


But this is only the beginning of this conversation. That $38M cap hit for 2023 is likely going to be a problem for the Rams, even if the NFL salary cap pushes up to $230M.

By simply restructuring the $15M roster bonus for 2023 that is already fully guaranteed, converting it to a signing bonus and tacking on yet another void year, things move around quickly.


The 2023 cap hit drops to a manageable $26M figure, but the 2024 figure rises to $34.1M, and maybe more importantly, the voidable dead cap increases to a potential $32.3M (assuming the 2024 option bonus is exercised). In other words, if this restructure (or any really) happens, and Donald finishes out this entire contract, the Rams will be taking on quite a dead cap hit in 2025 when the dust settles.

 

The Impact of this Contract

The player currently in line to benefit most from Aaron Donald’s massive re-up is Nick Bosa, who was already eyeing a top of the market extension in San Francisco, and now has a whole new benchmark to work from. Deals for Titans’ DL Jeffery Simmons, Broncos LB Bradley Chubb, and Packers LB Rashan Gary, to name a few, should see an uptick in value thanks to where Donald went financially.

But it’s important to keep in mind that many teams will attempt to label this as an anomaly situation, where a unicorn defensive player factored heavily into his team winning a Super Bowl, then threatened to walk off into retirement if his contractual demands weren’t met. This was the perfect scenario, despite Donald being north of 31 years old through all of this.

The player/agent side of the equation won’t see it this way however. Donald’s $31M per year is now a new mountain top that others will soon scale. It’s perfectly possible that Nick Bosa is that player in the coming weeks. No matter, today was an historic day for defensive players. 

Michael GinnittiJune 01, 2022

With June 1st here, a number of NFL teams will see significant cap space open up thanks to their previous Post June 1st Designations back in March. Our look at the financial ramifications for each of the 11 players who will officially process at 4PM ET today.

Total Team Savings
Arizona: $10M
Chicago: $10.9M
Cleveland: $9.5M
Dallas: $10M
Las Vegas: $19.75M
Philadelphia: $2.1M
Seattle: $5.1M
Tennessee: $9.5M
Washington: $12M

Tarik Cohen, RB, Chicago Bears

Injuries continue to riddle what could have been a dynamic career for Cohen, who had 2 years, $9.75M left on his deal with Chicago cut bait. The Post 6/1 Designation frees up $4M of 2022 cap space, leaving behind dead hits of $1.75M this year, and another $1.75M next season. Cohen remains unsigned.

La’el Collins, OT, Dallas Cowboys

After unsuccessful trade attempts, Collins was released by Dallas, only to sign with the Bengals 48 hours later. The Post June 1st departure frees up $10M of cap and cash for the Cowboys, leaving behind $4.9M of dead cap this year, $8.7M in 2023.

Landon Collins, S, Washington Commanders

Collins wound up earning $42.6M of the $84M contract signed back in 2019. Washington now frees up $12M of his $15.7M cap hit, leaving behind dead figures of $3.825M this year, and another $4.65M next season. Collins remains unsigned.

Fletcher Cox, DT, Philadelphia Eagles

The Eagles made a mess of Cox’s $102.6M extension, utilizing 3 bonuses, and 3 restructures to continually pushing cap down the line. That line ended this March, and the Post June 1st designation frees up just $2.12M of cap space, leaving behind hits of $12.8M for 2022, and $15.35M in 2023. Cox signed a 1 year, $14M deal to return to Philly almost immediately after this designation.

Carlos Dunlap, DE, Seattle Seahawks

Seattle will free up $5.1M of cash and cap for 2022, leaving behind dead cap hits of $1.4M this season, and $4.2M next year. Dunlap remains unsigned.

Austin Hooper, TE, Cleveland Browns

Hooper had 2 years, $19M left on his deal when Cleveland designated him a 6/1 release. The move frees up $9.5M for 2022, leaving behind dead cap hits of $3.75M in 2022, $7.5M in 2023. Hooper signed a 1 year $6M contract with the Titans shortly thereafter.

Julio Jones, WR, Tennessee Titans

The Titans moved on from Jones despite $13.2M of dead cap, including $2M cash. The designation leaves behind hits of $4.8M in 2022 ($9.5M saved), and $8.4M in 2023. Julio remains unsigned at this time.

Cory Littleton, LB, Las Vegas Raiders

The Raiders were never going to move forward with Littleton’s $15.7M cap hit for 2022, and the Post 6/1 designation now frees up $11.75M of it. The move leaves behind dead cap hits of $4M this year, $10M next season. Littleton found a home in Carolina on a 1 year, $2.6M contract.

Carl Nassib, DE, Las Vegas Raiders

Nassib became expendable when the Raiders won the bidding war for Chandler Jones this March. His June 1st designation frees up $8M of 2022 cap space, leaving behind dead cap hits of $1.652M for 2022, and another $4.9M in 2023. Nassib remains unsigned.

Jordan Phillips, DE, Arizona Cardinals

After two tough seasons, Arizona moving on to free up $10M was always going to be in the cards. The designation leaves behind dead cap hits of $3.3M for 2022, $5.9M for 2023. Phillips signed a 1 year, $5M deal to rejoin Buffalo shortly after the move.

Danny Trevathan, LB, Chicago Bears

The Bears moved on from 1 year, $7.125M remaining on Trevathan’s deal in favor of $2.4M of 2022 dead cap, and $6.5M in 2023. The designation frees up $6.9M of cap space this season. Trevathan remains unsigned.

Michael GinnittiMay 31, 2022

A visual look at the numbers behind David Njoku's $54.75M extension in Cleveland, including $17M fully guaranteed at signing. View the Full Contract


Michael GinnittiMay 26, 2022

Lamar Jackson’s absence from the Baltimore Ravens’ OTAs puts his expiring contract, and lack of an extension, back to the forefront of the NFL offseason. So why hasn’t it caused more of a stir, when seemingly less important holdouts are now dominating the league’s news?

First off, Jackson is representing himself in the matter, so he alone controls what hits the mainstream from his side. Secondly, it’s been no secret, as divulged a few times by Ravens’ owner Steve Bisciotti, that Jackson is simply not interested in negotiating with the front office at this point in time. And that alone - should be the talking point.

 

So what happens next?

Will Lamar Jackson choose to play out his $23M 5th year option, and do his negotiating with a franchise tag (projected $33M) hanging in the balance? Does he have reservations about being the QB1 for a franchise that continually seems to put an onus on the running game, and “nickel and dime” their passing weapons? Or is he simply just waiting this out as long as possible, allowing as many other QBs to sign contracts as can be done, thus leaving him with the absolute best scenario once he decides he’s ready to meet with GM Eric DeCosta?

 

Lamar Rides This Out All the Way

All are plausible in the grand scheme of things, but there’s certainly risk involved. The last QB to take this approach was of course Dak Prescott, who signed a $31.4M franchise tag in 2020, then suffered a gruesome ankle injury just a few weeks into the following season. However, the Cowboys still rewarded Prescott with $126M guaranteed the following March, saving them over $20M of cap space in favor of the $37.7M 2nd franchise tag.

So let’s put Lamar down this exact path of the next three seasons.
2022: $23M option salary (fully guaranteed)
2023: $33M exclusive franchise tag (projected)
2024: $39.7M 2nd franchise tag (120% of ‘23 tag)

Total: $95.7M

If we look at the cash flow of recently signed QB contracts, this $95.7M over the first 3 seasons of a deal would rank 7th - more than Josh Allen, more than Patrick Mahomes, just under Derek Carr.

The major difference between Dak Prescott’s situation, and Lamar Jackson’s current scenario, is the league salary cap. When Prescott was offered the 2nd franchise tag last February, the $37.7M cap hit accounted for a whopping 20% of the $182.5M league salary cap. Jackson’s first franchise tag (projected $33M) should account for around 15% of what is expected to be a $225M+ league cap for 2023. And a 2nd franchise tag ($39.7M estimated), would only account for around 17% of a projected $240M 2024 salary cap.

In other words, Baltimore could swallow this pill if needed, lowering Lamar Jackson’s “expired contract” leverage quite a bit. Should this persuade him to consider a multi-year extension now? Not just yet. The other major difference here is age. Lamar is just north of 25 years old. Dak Prescott was nearly 28 when he signed his extension.

 

What a Deal Now Should Look Like

There are two brand new mountain tops to consider with every QB contract from here out:

  1. Aaron Rodgers’ $50M per year

  2. Deshaun Watson’s $230M fully guaranteed

Are these metrics anomalies that should be thrown out when evaluating other scenarios? In some cases, yes. Rodgers’ resume and threat of leaving gave him maximum leverage, while Watson’s talent + age led to a veritable bidding war both in terms of trade assets, and extension negotiations. Most people in the industry believe what the Browns did here is flat out crazy.

We’ll provide a slightly less crazy look at what Lamar Jackson should be considering if he agrees to sit down with the Ravens’ front office this summer.

 

Top Average Salaries

- Aaron Rodgers: $50.2M
- Deshaun Watson: $46M
- Patrick Mahomes: $45M

Lamar Jackson currently calculates to a flat $44M per year contract in our system. This should be considered a baseline starting point for any multi-year conversation. Best case scenario? This is a $48M per year extension.

 

Top 2-Year Cash

- Aaron Rodgers: $101.5M
- Dak Prescott: $95M
- Deshaun Watson: $92M

Assuming we’re on a $48M per year track, Watson’s $95M over the first two seasons isn’t out of the question, especially as we’re going to take a short-term approach with this deal in terms of length. It’s also a nice “win” for Jackson, as he gets the $95M+ he was set to make on a 5th year option + franchise tag + 2nd franchise tag in two years, instead of three. 

 

Top 3-Year Cash

- Aaron Rodgers: $150.8M
- Deshaun Watson: $138M
- Dak Prescott: $126M

For cap purposes, we’re not going to be overly aggressive here in approaching the $150M mark. But what is slightly lacking in 3-year cash, will be made up for in overall guarantee.

 

Extension Length

- Patrick Mahomes: 10 years
- Josh Allen: 6 years
- Deshaun Watson: 5 years

Lamar Jackson should be seeking a contract with no more than 4 new years added on to 2022. We’re going to guarantee the first two seasons as signing, with 3rd & 4th year guarantee that kick in a season early, leaving the 5th year as a veritable option. Why is this important? At 25 years old, this will put $175M in Jackson’s hands, and give him a chance to re-up prior to turning 30 years old.

 

Total Guarantees

- Deshaun Watson: $230M
- Aaron Rodgers: $150.8M
- Josh Allen: $150M

Josh Allen will see his $150M become fully guaranteed by March of 2024, or less than 4 years into this contract. That’s the going rate here with Jackson, despite a more aggressive contract length. Nearly $60M of Allen’s guarantee comes via signing or option bonus, a structure the Ravens also use with their larger contracts.

We’ve taken a softer approach with the “upfront guarantees” in lei of Patrick Mahomes “guarantee mechanisms”. In the below projection, 2022 & 2023 are fully locked in for Jackson at the time of signing, to the tune of $95.016M. By next March, another $40M is secured, and another $40M guarantees by March of 2024. This means $175.016M practically guaranteed over the next 4 seasons. 

 

A Projected Contract Breakdown for Lamar Jackson 

Our look at a projected breakdown for a 4 year, $192M extension, including $95M fully guaranteed at signing, another $80M by March of 2024, a $29M signing bonus, $40M second year option bonus, and a void year for cap purposes.

Michael GinnittiMay 18, 2022

A visual look at the numbers behind Jaire Alexander's top of the market extension in Green Bay, including an historic $30M signing bonus. View the Full Contract


Michael GinnittiMay 10, 2022

A visual look at the numbers behind Grady Jarrett's somewhat surprise extension with the Falcons, including $34M fully guaranteed at signing through 2023. View the Full Contract


Michael GinnittiMay 10, 2022

A visual look at the numbers behind A.J. Brown's extension with the Eagles, including $39M fully guaranteed at signing, & $57M+ through 2024. View the Full Contract


Michael GinnittiMay 06, 2022

The Baker Mayfield dilemma refuses to go away, and as the NFL enters the one true "quiet phase" of their season, a story about an embattled QB and a team who just fully guaranteed $230M to another one - will only gain steam.

But who really holds the leverage in this particular scenario? It's easy to look at this from a contractual angle, and assume that the $18.8M fully guaranteed to Baker Mayfield gives him all of the power here. But a recent ESPN article, and subsequent response, brings to light an item that I've been reluctant to approach with this disagreement yet - the Personal Conduct clause.

In short, the rumors are starting to swirl that this situation may be approaching a point at which the Browns may be able to build a case to prove that Mayfield's "antics" are violating the conduct clause in his contract. Should this be adjudicated, the $18.8M guarantee on the contract could potentially be voided, offering Cleveland a free out (no dead cap or cash to release him outright). It's an ugly path to take, and frankly it seems a weak case to be made from the outside looking in as well - but it's not something that should be ignored completely.

What Haven't They Just Accepted a Low-Ball Deal?
Yes, the Browns are in a financial pinch here, with the league's highest cash payroll, and a whopping $71.2M cash currently allocated to their QB room (Watson, $46M; Mayfield, $18.8M; Brissett, $4.65M; Dobbs: $1M).

But it should also be assumed that Deshaun Watson stands to miss games in 2022 due to suspension. So while paying Mayfield $1.05M per week on the active roster is costly, it may provide Cleveland the best chance to win ballgames early on. 

Furthermore - and potentially offering even sooner relevance, the NFL unfortunately sees a few prominent players lost to injury in training camps each year. As we saw with Teddy Bridgewater/Sam Bradford just a few years ago, it only takes one team in panic mode to turn an awful situation into an easy sell. 

Where Does this Wind Up?
While the right move might be to hang on to Mayfield, both for Watson protection and to wait out the best possible trade opportunity, the social media/player empowerment age will likely not allow things to hold out that long. Now that the "conduct" clause has reared its head, Baker and his people need to tread lightly with their disdain for the situation, but Odell Beckham Jr. likely paved the path for how to get off this team - both from a stirring the pot and a financial compromise standpoint. 

OBJ agreed to forfeit $3M of his guarantee in order to gain his release from Cleveland at the trade deadline last year. He went unclaimed on waivers, signed an incentive loaded deal with the Rams, and moved on with his career. 

Will Baker choose the same path? Cleveland likely has a strong handle on what other teams are willing to pay Baker for 2022, based on trade & split salary discussions they've had this winter. Is the next step to simply ask Baker to chop off what he'll likely earn elsewhere, and outright release the 27 year old QB?

Possibly, but if he wants to start football games in 2022, mending fences with Cleveland, and using Deshaun Watson's suspension as a "final showcase" to the rest of the league may actually be his best career move.

Michael GinnittiMay 01, 2022

The 2022 NFL draft saw nine QBs selected from pick #20 to the very last #262 slot. We breakdown the finances for each selection, and the surrounding QB situation for each of their respective teams.

Related Links:
2022 NFL Draft Tracker

 

Pittsburgh Steelers

Kenny Pickett unsurprisingly joins Pittsburgh at #20 overall and will get every opportunity to win the starting role out of the gate. He projects to sign a fully guaranteed 4 year, $14M contract in the coming weeks.

Pittsburgh signed Mitchell Trubisky to a 2 year, $14.285M this past March, and for all intents, he’s projected to be the Week 1 starter. The contract suggests a slightly overpaid backup QB however, with $6.285M of cash this year, and $8M non-guaranteed for 2023.

Mason Rudolph has been with the Steelers since 2018, and enters 2022 on a non-guaranteed $3M salary. There’s a chance Pittsburgh moves on here, freeing up that $3M of cap and cash.

Pittsburgh added Chris Oladokun with pick 241, a slot that comes with a projected 4 year, $3.7M contract, only $90,000 of which is guaranteed. He’s a camp body with a chance to make the practice squad.

 

Atlanta Falcons

Desmond Ridder was the second QB selected, going to Atlanta at #74 overall. The slot comes with a projected 4 year $5.3M deal with a $1.1M guarantee. Ridder will likely hold a clipboard for 2022, learning the ropes and the offensive system from Atlanta’s other new QB1, Marcus Mariota.

Atlanta signed Marcus Mariota away from Las Vegas this past March, to the tune of a 2 year, $18.75M contract. The deal includes $6.75M guaranteed, all in 2022, putting him on a 1 year showcase - with his likely replacement Ridder, now positioned behind him.

Felipe Franks was an undrafted signing last May, and should find himself on the practice squad for the 2022 campaign.

 

Tennessee Titans

If you had Malik Willis dropping deep into the 3rd round to the Titans on your board, you made a lucky guess. Most evaluators say Willis has the highest ceiling of this new QB group, and he’ll have all of 2022 to dig into Tennessee’s system, and work alongside Ryan Tannehill. The #86 slot comes with a projected 4 year, $5.1M contract, including $921,000 guaranteed.

Ryan Tannehill may be the next big name to leave Tennessee, following the release of WR Julio Jones, and trade of WR A.J. Brown in the past few weeks. Barring a trade, he’ll get the 2022 campaign to further his future case, but his 2 year, $56M contract offers no guarantees after this season, and Tennessee can free up $17.8M of cap to move on next March.

Logan Woodside latched on with Tennessee back in 2019, and has served in the backup role ever since. The selection of Willis puts his roster spot in jeopardy, though it’s perfectly possible that the Titans roster 3 QBs, or try to shelve Woodside on the practice squad. His 1 year, $895,000 contract is non-guaranteed.

 

Carolina Panthers

It wasn’t Malik Willis at #6. It wasn’t Baker Mayfield via trade. It wasn’t anything we expected. It was Matt Corral at the back end of the 3rd round. The #94 slot comes with a projected 4 year, $5M contract, $875,000 guaranteed, offering a pile of value if he can find his way onto the field for the Panthers.

Sam Darnold still projected to be the Week 1 starter for Carolina, as his fully guaranteed $18.8M (and the draft compensation the Panthers gave up to acquire him) make him a difficult player to move on from. Barring a resurgent season, Darnold is now on a 1-and-done pattern.

Phillip Walker joined the Panthers back in 2020, and has 9 games under his belt, including 2 starts. Though his 1 year, $895,000 contract is non-guaranteed, Carolina may be poised to keep all three of these QBs as their future with this position remains unsettled.

 

New England Patriots

The Patriots raised a few eyebrows with a 4th round selection of Bailey Zappe, one year after taking Mac Jones to be their next QB1 of the future. But all of the analysis leans to Zappe being a perfect complement to Jones for the next few years, with similar pocket presence, patience, and touch in the passing game. He’s likely been drafted to be the QB2 of their future, with Brian Hoyer on a short deal, and Stidham likely falling off of the roster. Zappe’s #137 slot comes with a projected 4 year, $4.3M contract, $650,000 guaranteed.

Mac Jones enters year 2 of a fully guaranteed $15.5M contract, with a 5th year option that keeps him under team control through 2025. His play leveled off a bit as the 2021 year progressed, but he appears to be the right player to develop in the Bill Belichick system.

Brian Hoyer was signed back to New England on a 2 year, $4M contract that includes $1.4M fully guaranteed in 2023. The 36-year-old’s roster spot will be as much about leading the QB room as it will be about acting as a potential veteran presence on the field as needed.

The Jarrett Stidham project appears to be nearing the finish line. The Patriots can free up $965,000 of cash/cap space by moving on from the final year of his rookie contract.

 

Washington Commanders

Washington brought in Sam Howell with the #144 overall selection this weekend, and will soon lock him into an estimated 4 year, $4M contract, $360,000 guaranteed. It’s a low-risk financial move, giving the Commanders an outside chance of grooming Howell into an NFL-ready product come 2023 or so.

Carson Wentz and his $28M+ salary were acquired from Indy this March, putting him in line to start for his 3rd team in 3 years. With no other viable starting options currently on the roster, it appears that Washington will be giving Wentz a chance to win this job for the long term. His contract carries 3 years, $81.705M remaining, and $9M of his 2023 compensation locks in on the 3rd league day of 2023.

Taylor Heinicke was bumped back to QB2 per the acquisition of Wentz, and his 1 year, $3.1M contract aligns with that role. There’s a good chance he’s competing for a starting job elsewhere in 2023.

 

Miami Dolphins

Skylar Thompson joins Miami at the #247 pick, a slot that carries a projected 4 year, $3.7M contract, $82,000 guaranteed. Thompson overachieved at Kansas State, and shows a lot of NFL-ready ability, but he’s almost certainly a practice squad candidate on this beefed up Miami roster.

Tua Tagovailoa enters the all-important year three of a rookie contract that now includes 2 years, $8M + a 5th year option remaining on it. With plenty of new toys and an upgraded offensive line, it’s a no-excuse situation for the 24 year old, especially as the Dolphins added Teddy Bridgewater to compete this summer.

Teddy Bridgewater signed a 1 year, $6.5M contract to join Miami this past March, and while all signs point to Tua keeping the QB1 reins out of the gate, it stands to reason that the Dolphins can keep him on a short leash this season, with Bridgewater certainly capable of stepping into a starting role at a moment’s notice.

Chris Streveler spent 2021 on the Ravens’ practice squad, and his $895,000 salary for 2022 is non-guaranteed in Miami. He’s a camp body until he’s not.

 

San Francisco 49ers

Mr. Irrelevant, Brock Purdy, projects to a 4 year, $3.7M contract, including $86,000 guaranteed. He joins a complicated QB situation (at least on the surface), with Trey Lance supposedly poised to take over the reins, and Jimmy Garoppolo too injured to trade currently.

Trey Lance enters year two of a rookie contract that now has 3 years, $11.28M fully guaranteed, plus a 5th-year option remaining on it. For all intents and purposes, he’s the QB1 entering camp, though Jimmy Garoppolo’s future, and Lance’s ability to settle into the role, all appear to be question marks as of now.

Jimmy Garoppolo enters the final year of his contract, with a chance to add $25.6M to his career earnings. An injury to his throwing shoulder kicked in a $7.5M guarantee on his 2022 salary, putting his ability to be moved on hold, either via trade or outright release. With Nate Sudfeld and now Brock Purdy on the roster, it appears as though the Niners’ plan is still to move on from Jimmy once he’s healthy, but stranger things have happened.

Nate Sudfeld signed a 1 year, $2M fully guaranteed contract to join San Francisco back in March, and projects to be the QB2 once Jimmy Garoppolo is moved on from.

Michael GinnittiApril 29, 2022

The first round of the NFL Draft was highlighted by the wide receiver position - everywhere you looked. For the first time in history, 6 WRs were selected in the Top 20 of the draft, with all of them picked between #8 & #18 overall. Of the 6, 3 were traded up for to select:

  • New Orleans jumped up 5 spots for Chris Olave
  • Detroit jumped up 20 spots for Jameson Williams
  • Tennessee added #18 for Treylon Burks

But the bigger news of night probably wasn't the 6 receivers who were drafted, but the two currently NFL wideouts who were traded amidst the selections.

The Cardinals acquired WR Marquise Brown from the Ravens with a 3rd round pick in exchange for the #23 overall pick last night. Brown reunites with college QB Kyler Murray, joining DeAndre Hopkins & A.J. Green to fortify a strong pass-catching arsenal in he desert. Arizona subsequently exercised Brown's 5th year option for 2023, locking him in at 2 years, $15.5M.

Not to be outdone, the Eagles soon after made an even bigger splash, acquiring WR A.J. Brown from the Titans for the #18 & #101 overall picks this year. Philly announced a 4 year, $100M extension for Brown shortly after, guaranteeing the 24 year old $57M according to initial reports. Tennessee used the #18 overall pick to select Treylon Burks out of Arkansas, who should come with a 4 year, $14.3M contract through 2025.

The run on WRs likely isn't done, as teams like Buffalo, Kansas City, Green Bay, & Baltimore should all be seeking another wideout Friday.

 

Best Available WRs (ESPN)

  • Christian Watson, North Dakota State
  • Skyy Moore, Western Michigan
  • John Metchie, Alabama
  • George Pickens, Georgia
  • Alec Pierce, Cincinnati

Subsequently, the immediate futures of both DK Metcalf (SEA) & Deebo Samuel (SF) remain in question, as the former may not want to extend amidst a rebuild, while the latter has reportedly asked out of his role with the Niners.

 

Trade Compensation for Recently Traded WRs

A.J. Brown: 2022 1st, 2022 3rd (extending to $57M guaranteed)
Marquise Brown: With a 2022 3rd, for a 2022 1st (exercised $13.4M option)
DeVante Parker: With a 2022 5th, for a 2023 3rd (no financial change)
Tyreek Hill: 2022 1st, 2022 2nd, 2022 4th, 2023 4th, 2023 6th (extended to $72M guaranteed)
Robert Woods: 2023 6th (no financial change)
Davante Adams: 2022 1st, 2022 2nd (extended to $65M guaranteed)
Amari Cooper: With a 2022 6th, for a 2022 5th, 2022 6th (no financial change)

Michael GinnittiApril 28, 2022

With the 2022 NFL Draft upon us, Spotrac researcher Scott Allen has uncovered the highest earning player in league history selected at each of the Top 32 picks, led by former Giants QB Eli Manning.

Related: All-Time NFL Career Earnings

 

Related:

All-Time NFL Career Earnings

Michael GinnittiApril 28, 2022
Michael GinnittiApril 21, 2022

A visual look at the numbers behind Denzel Ward's historic extension with the Browns, including $74M through 2025, & $44.5M fully guaranteed at signing. View the Full Contract


Michael GinnittiApril 08, 2022

The Bills made good on their promise to keep Josh Allen & Stefon Diggs linked up for the foreseeable future, locking in the WR to a 4 yr, $96M extension which includes $47M fully guaranteed at sign. Here's a visual look at how it all breaks down.

View the Full Contract here: https://www.spotrac.com/nfl/buffalo-bills/stefon-diggs-16872/

Michael GinnittiApril 05, 2022

Bobby Wagner's tumultuous exit from Seattle becomes the defending champion Los Angeles Rams' next prized possession. Our look at how his 5 year, $50M contract breaks down in terms of guarantee, cash flow, & available incentives.

Michael GinnittiMarch 30, 2022

A look at the estimated Top 51 cap space needed for each team to sign its draft class during the offseason. These figures consist of the projected 2022 cap figure for each slotted draft pick in next month's draft.

Related
2022 NFL Cap Tracker
NFL Draft Tracker

 

Team Top 51 Draft Pool
NY Jets $18,337,714
NY Giants $16,190,511
Houston $14,750,912
Detroit $13,427,922
Jacksonville $12,711,766
Philadelphia $12,472,018
Green Bay $10,528,499
Kansas City $10,314,691
Atlanta $10,142,209
Baltimore $9,074,441
Seattle $8,803,884
Tampa Bay $6,286,227
Minnesota $6,232,046
New Orleans $6,206,815
Dallas $6,055,564
Carolina $5,989,492
Buffalo $5,865,324
Cincinnati $5,376,199
Pittsburgh $5,287,658
LA Chargers $5,089,968
Denver $5,063,866
Arizona $5,019,984
Tennessee $4,752,126
New England $4,633,357
Cleveland $4,515,508
San Francisco $4,372,860
Chicago $4,362,598
Indianapolis $3,754,090
Washington $2,479,427
LA Rams $2,025,081
Las Vegas $1,369,344
Miami $586,474
Michael GinnittiMarch 27, 2022

Now more than 10 days old, our look at players who were added, subtracted, retained, or still remain in the balance with every NFL franchise this offseason.

Related

 

Arizona Cardinals

Not a lot of new faces to speak of just yet, but the Cardinals still have 12 free agents still without a home for 2022. Christian Kirk and Chandler Jones priced themselves out of favor pretty quickly, but keeping Conner and Ertz in tow keeps the ship afloat. It’ll be a big draft for the Cardinals.

In: Nick Vigil (LB, MIN)

Back: James Conner (RB), Zach Ertz (TE), Maxx Williams (TE), Colt McCoy (QB), Dennis Gardeck (LB), Michael Dogbe (DE), Andy Lee (P), Aaron Brewer (LS), Ezekiel Turner (LB)

Out: Christian Kirk (WR), Chandler Jones (OLB), Chase Edmonds (RB), Jordan Hicks (LB), Jordan Phillips (DT)

Still Remaining

 

Atlanta Falcons

Obviously the story here is the QB. Matt Ryan exits ATL after 14 solid seasons, making way for Marcus Mariota, who may be tasked with steering a sinking ship in 2022. There are some likable pieces on this roster (Pitts, Jarrett, Terrell), but it feels like this season is a setup for 2023.

In: Marcus Mariota (QB, LV), Casey Hayward (CB, LV), Lorenzo Carter (DE, NYG), Damien Williams (RB, CHI), Elijah Wilkinson (G, CHI), Jalen Tabor (CB, CHI), Khadarel Hodge (WR, DET)

Back: Cordarrelle Patterson (RB), Younghoe Koo (K), Isaiah Oliver (CB), Colby Gossett (G), Erik Harris (S)

Out: Matt Ryan (QB), Foyesade Oluokun (LB), Russell Gage (WR), Josh Harris (LS), Hayden Hurst (TE), Dante Fowler Jr. (DE), Duron Harmon (S)

Still Remaining

 

Baltimore Ravens

It feels like the Ravens are still a move or two away this offseason, though the two new additions are seismic upgrades. The elephant in the room that is Lamar Jackson’s next contract still looms over the franchise, but they’ll be relevant in 2022 regardless.

In: Marcus Williams (S, NO), Morgan Moses (OT, NYJ), 

Back: Patrick Ricard (FB), Tony Jefferson (S)

Out: Anthony Averett (CB), Bradley Bozeman (G), Chris Board (LB), Justin Ellis (DT)

Still Remaining

 

Buffalo Bills

For a team that was seconds from an AFC Championship berth, the Bills certainly added a lot of new faces this offseason. There was a concerted effort to flip the defensive line, and at least some of the right side of the offensive line, and Buffalo has successfully done so (at least on paper). 

In: Von Miller (OLB, LAR), DaQuan Jones (DT, CAR), Tim Settle (DT, WAS), Rodger Saffold (G, TEN), Jordan Phillips (DL, ARI), O.J. Howard (TE, TB), Jamison Crowder (WR, NYJ), Duke Johnson (RB, MIA), Greg Mancz (OL, MIA), Marquel Lee (LB, LV), Case Keenum (QB, CLE)

Back: Taiwan Jones (RB), Isaiah McKenzie (WR), Jake Kumerow (WR), Siran Neal (S), Tyrel Dodson (LB)

Out: Harrison Phillips (DT), Mitchell Trubisky (QB), Levi Wallace (CB), Jon Feliciano (G), Vernon Butler (DT), Efe Obada (DE), Matt Breida (RB)

Still Remaining

 

Carolina Panthers

Despite a QB situation that remains in question, the Panthers have been active both in adding new faces, and retaining many of their own. Two large losses on the defensive line could loom large for 2022 however.

In: Austin Corbett (G, LAR), Xavier Woods (S, MIN), Johnny Hekker (P, LAR), Damien Wilson (LB, JAX),  Matthew Ioannidis (DE, WAS), Bradley Bozeman (OL, BAL), Rashard Higgins (WR, CLE)

Back: Donte Jackson (CB), Brandon Zylstra (WR), Rashaan Melvin (CB), Juston Burris (S), Ian Thomas (TE), Frankie Luvu (LB), Marquis Haynes (DE), Zane Gonzalez (K), J.J. Jansen (LS), Julian Stanford (LB)

Out: Haason Reddick (OLB), DaQuan Jones (DT), Ameer Abdullah (RB), Jermaine Carter (LB)

Still Remaining

 

Chicago Bears

A new front office and coaching staff generally means plenty of turnover, and that’s exactly what 2022 seems to be looking like in Chicago. A purge year generally precedes a big push year, and with draft capital, a rising salary cap, and a potential franchise QB in tow, the Bears could be setting themselves up nicely after this season.

In: Justin Jones (DT, LAC), Al-Quadin Muhammad (DE, IND), Lucas Patrick (G, GB), Byron Pringle (WR, KC), Trevor Siemian (QB, NO), Nicholas Morrow (LB, LV), Khari Blasingame (FB, TEN), Equanimeous St. Brown (WR, GB)

Back: DeAndre Houston-Carson (S), Patrick Scales (LS)

Out: Khalil Mack (OLB), Allen Robinson (WR), James Daniels (G), Jakeem Grant (WR), Bilal Nichols (DE), Pat O'Donnell (P), Artie Burns (CB), Alex Bars (G), Damien Williams (RB), Joel Iyiegbuniwe (LB), Elijah Wilkinson (G), Jalen Tabor (CB), Deon Bush (S)

Still Remaining

 

Cincinnati Bengals

Rebuild the offense line, and keep as many other players as possible. It was a pretty simple gameplan for Cincy heading into March, and thus far the results look extremely favorable. They’ll look to fill a few defensive holes in the draft, but should be right back at it come Semptember.

In: Alex Cappa (G, TB), La'el Collins (OT, DAL), Ted Karras (C, NE), Hayden Hurst (TE, ATL)

Back: Jessie Bates III (S), B.J. Hill (DT), Clark Harris (LS), Eli Apple (CB), Josh Tupou (DT), Brandon Allen (QB), Michael Thomas (S), Mike Thomas (WR), Stanley Morgan (WR)

Out: C.J. Uzomah (TE), Darius Phillips (CB), Fred Johnson (G)

Still Remaining

 

Cleveland Browns

After underachieving according to most in 2021, the Browns will look wildly different for the upcoming season, most notably of course at the QB & WR positions. Cleveland continues to negotiate with many of their TBD free agents, hoping to build out a deep roster come camp.

In: Deshaun Watson (QB, HOU), Amari Cooper (WR, DAL), Chase Winovich (DE, NE), Jakeem Grant (WR, CHI), Jacoby Brissett (QB, MIA), Taven Bryan (DT, JAX)

Back: David Njoku (TE), Anthony Walker Jr. (LB), Chris Hubbard (OT), Austin Hooper (TE), Andy Janovich (FB), M.J. Stewart (CB), Rashard Higgins (WR)

Out: Case Keenum (QB)

Still Remaining

 

Dallas Cowboys

On paper it looks like the Cowboys retained the majority of their expired contracts and are primed to run it back in 2022. But the quality of players that were let go either via trade or release this offseason are certain to have an impact on Dallas one way or another. 

In: Dante Fowler Jr. (DE, ATL), James Washington (WR, PIT)

Back: Dalton Schultz (TE), Michael Gallup (WR), Malik Hooker (S), Jake McQuaide (LS), Noah Brown (WR), Jeremy Sprinkle (TE), Dorance Armstrong (DE), Jayron Kearse (S), Bryan Anger (P), Leighton Vander Esch (LB), Luke Gifford (LB), Carlos Watkins (DE)

Out: Amari Cooper (WR), Randy Gregory (DE), Cedrick Wilson (WR), La'el Collins (OT), Connor Williams (G), Greg Zuerlein (K)

Still Remaining

 

Denver Broncos

Denver made maybe the biggest splash of the offseason, processing a 10 piece trade to acquire QB Russell Wilson from the Seahawks. They backed it up with significant adds to the defensive side of the ball , and may not be done in that regard.

In: Russell Wilson (QB, DEN), Randy Gregory (OLB, DAL), D.J. Jones (DT, SF), K'Waun Williams (CB, SF), Tom Compton (G, SF), Alex Singleton (LB, PHI), Billy Turner (G, GB)

Back: DeShawn Williams (WR), Josey Jewell (LB), Andrew Beck (FB)

Out: Drew Lock (QB), Noah Fant (TE), Shelby Harris (DT), Teddy Bridgewater (QB), Micah Kiser (LB), Austin Schlottmann (G)

Still Remaining

 

Detroit Lions

The Lions haven’t made any “splashy” new signings, but did retain an awful lot of their 2021 pieces. Will they all collectively take another step forward this season, or will it be much of the same, and a bridge to a more brash rebuild - starting at the QB position in 2023.

In: DJ Chark (WR, JAX), Mike Hughes (CB, KC), Chris Board (LB, BAL), Jarrad Davis (LB, NYJ)

Back: Charles Harris (DE), Tracy Walker (S), Josh Reynolds (WR), Kalif Raymond (WR), Jason Cabinda (FB), Alex Anzalone (LB), Evan Brown (OL), Tim Boyle (QB), C.J. Moore (S), Shaun-Dion Hamilton (LB)

Out: Jalen Reeves-Maybin (OLB), Khadarel Hodge (WR)

Still Remaining

 

Green Bay Packers

Obviously much of the attention for this team has been placed on Aaron Rodgers and Davante Adams this winter, but the Packers have seen 9 notable players exit the roster this month, with just two new faces added to the mix. Green Bay almost always waits a few weeks to get into the free agent pool, but there’s work to be done here to get deeper for 2022.

In: Jarran Reed (DT, KC), Pat O'Donnell (P, CHI)

Back: Aaron Rodgers (QB), De'Vondre Campbell (OLB), Rasul Douglas (CB), Robert Tonyan Jr. (TE)

Out: Davante Adams (WR), Za'Darius Smith (OLB), Marquez Valdes-Scantling (WR), Equanimeous St. Brown (WR), Lucas Patrick (G), Oren Burks (LB), Isaac Yiadom (CB), Chandon Sullivan (CB), Billy Turner (G)

Still Remaining

 

Houston Texans

The team of a few dozen 1 year contracts last offseason is right back at it in 2022. Plenty of players were retained, but to say this is an improved team on paper would be nearsighted. The large move of course was the trade away of their franchise QB, signaling a new era in Houston.

In: Blake Cashman (LB, NYJ), A.J. Cann (G, JAX), Jalen Reeves-Maybin (OLB, DET), Andy Janovich (FB, CLE), Ogbonnia Okoronkwo (OLB, LAR), Dare Ogunbowale (RB, JAX), Kyle Allen (QB, WAS), M.J. Stewart (CB, CLE), Scott Quessenberry (C, LAC), Isaac Yiadom (CB, GB)

Back: Maliek Collins (LB), Christian Kirksey (LB), Justin Britt (OL), Desmond King (CB), Pharaoh Brown (TE), Rex Burkhead (RB), Chris Conley (WR), Tae Davis (LB), Chris Moore (WR), Jeff Driskel (QB), Jon Weeks (LS), Antony Auclair (TE), Terrence Brooks (S), Kamu Grugier-Hill (OLB), Royce Freeman (RB), Neville Hewitt (LB)

Out: Deshaun Watson (QB), Justin Reid (S), Jake Martin (OLB), Tyrod Taylor (QB), A.J. Moore (S), Terrance Mitchell (CB), Geron Christian (T)

Still Remaining

 

Indianapolis Colts

The Colts have done all of their damage via the trade, sending a QB & A CB away, while bringing back a pass rusher and a new QB in the process. They’ve yet to dip into the free agency pool, but with cap space and needs, they’ll get after it soon.

In: Matt Ryan (QB, ATL), Yannick Ngakoue (DE, LV), 

Back: Tyquan Lewis (DT), Matt Pryor (OT), Zaire Franklin (OLB), Mo Alie-Cox (TE)

Out: Carson Wentz (QB), Rock Ya-Sin (CB), Mark Glowinski (G), George Odum (S), Al-Quadin Muhammad (DE), Zach Pascal (WR)

Still Remaining

 

Jacksonville Jaguars

Stop me if you’ve heard this already: The Jaguars are adding & spending a lot this free agency season. They’re certainly not being shy, but I wouldn’t say they’re “recklessly overpaying” either. They’re doing what a bad, small market, team has to do once they have their QB in place on a rookie contract and deem it “go time”. Will they all be slam dunks? Not even close. But there’s reason to believe Jacksonville can take a big step forward in 2022.

In: Christian Kirk (WR, ARI), Brandon Scherff (OG, WAS), Foyesade Oluokun (LB, ATL), Darious Williams (CB, LAR), Foley Fatukasi (DT, NYJ), Zay Jones (WR, LV), Evan Engram (TE, NYG)

Back: Cam Robinson (OT), Will Richardson (T), Tyler Shatley (OL), Laquon Treadwell (WR), Tre Herndon (CB)

Out: Myles Jack (LB), Andrew Norwell (OG), DJ Chark (WR), A.J. Cann (OG), Damien Wilson (OLB), Taven Bryan (DT), Dare Ogunbowale (RB), Jihad Ward (NYG), Jacob Hollister (TE)

Still Remaining

 

Kansas City Chiefs

Well we certainly didn’t see this one coming. The Chiefs shocked us all by moving on from stud WR Tyreek Hill, but at least have two notable signings at the position to ease the pain for now. They’re at least one addition in their secondary away from being comfortable, though a few notable pieces would make sense.

In: Justin Reid (S, HOU), Marquez Valdes-Scantling (WR, GB), JuJu Smith-Schuster (WR, PIT), Geron Christian (OT, HOU), Jermaine Carter (LB, CAR), Ronald Jones II (RB, TB), Deon Bush (S, CHI)

Back: Orlando Brown Jr. (OT)m Chad Henne (QB), Josh Gordon (WR), Michael Burton (FB), Derrick Nnadi (DT), Blake Bell (TE), Andrew Wylie (OT)

Out: Tyreek Hill (WR), Charvarius Ward (CB), Byron Pringle (WR), Austin Blythe (G), Jarran Reed (DT), Mike Hughes (CB), Demarcus Robinson (WR), Daniel Sorensen (S)

Still Remaining

 

Las Vegas Raiders

New GM. New Coach. Plenty of New Players. Did the Raiders stir the pot too much this offseason to be able to maintain - let alone build upon - their small level of 2021 success? This is a franchise that liked their offensive line, saw progress in their running game, and just made significant upgrades to the pass catchers and pass rusher. If it can all come together quickly, it’ll be fun to watch.

In: Davante Adams (WR, GB), Rock Ya-Sin (CB, IND), Chandler Jones (OLB, ARI), Bilal Nichols (DE, CHI), Brandon Bolden (RB, NE), Anthony Averett (CB, LV), Mack Hollins (WR, MIA), Alex Bars (G, CHI), Jakob Johnson (FB, NE), Darius Phillips (CB, CIN), Vernon Butler (DT, BUF), Demarcus Robinson (WR, KC), Ameer Abdullah (RB, CAR), Jacob Hollister (TE, JAC), Kyler Fackrell (LB, LAC), Micah Kiser (LB, DEN), Kyle Peko (DT, TEN), Duron Harmon (S, ATL), Jayon Brown (LB, TEN)

Back: Jackson Barton (T), Brandon Parker (T), Jermaine Eluemunor (G), 

Out: Yannick Ngakoue (DE), Zay Jones (WR), Marcus Mariota (QB), Casey Hayward (CB), Quinton Jefferson (DT), Alec Ingold (FB), Nicholas Morrow (OLB), Marquel Lee (LB)

Still Remaining

 

Los Angeles Chargers

A good team with a young QB, and notable pieces at all the positions of power entering March with ample cap space? The Chargers were dangerous on paper from the get go, and they made a few splashes that should pay dividends come September. 

In: Khalil Mack (OLB, CHI), J.C. Jackson (CB, NE), Sebastian Joseph (DT, LAR), Austin Johnson (DT, NYG), Gerald Everett (TE, SEA), Josh Harris (LS, ATL), 

Back: Mike Williams (WR),  Chase Daniel (QB), Christian Covington (DT), Dustin Hopkins (K)

Out: Uchenna Nwosu (LB), Justin Jones (DT), Kyler Fackrell (OLB), Scott Quessenberry (OL), Kyzir White (OLB)

Still Remaining

 

Los Angeles Rams

Robert Woods out, Allen Robinson in was one of the bigger and more surprising moves thus far, while Von Miller choosing Buffalo over a return to LA ranks up there with it. Most of the offseason money will go to an already signed deal for QB Matthew Stafford, and an Aaron Donald extension certain to be on deck. 

In: Allen Robinson (WR, CHI),

Back: Brian Allen (OL), Joseph Noteboom (T), Coleman Shelton (OL), Brandon Powell (WR)

Out: Robert Woods (WR), Von Miller (OLB), Darious Williams (CB), Austin Corbett (G), Sebastian Joseph (DT), Johnny Hekker (P), Ogbonnia Okoronkwo (OLB), Johnny Mundt (TE)

Still Remaining

 

Miami Dolphins

Splashy. QB Tua Tagovailoa won’t have any excuses in terms of the pieces that have been put in front of and around him this season. Though it stands to reason that a new coaching staff plus a bevy of new players will need some time to marinade before real success can start happening.

In: Tyreek Hill (WR, KC), Terron Armstead (OT, NO), Cedrick Wilson (WR, DAL), Connor Williams (G, DAL), Chase Edmonds (RB, ARI), Keion Crossen (CB, NYG), Alec Ingold (FB, LV), Teddy Bridgewater (QB, DEN), Raheem Mostert (RB, SF), Trent Sherfield (WR, SF)

Back: Mike Gesicki (TE), Emmanuel Ogbah (DE), Preston Williams (WR), Sam Eguavoen (LB), Elandon Roberts (LB), Duke Riley (LB), Brennan Scarlett (LB), Durham Smythe (TE)

Out: Jacoby Brissett (QB), Mack Hollins (WR), Duke Johnson (RB), Greg Mancz (OL), Justin Coleman (CB)

Still Remaining

 

Minnesota Vikings

After plenty of speculation, the Vikings will run it back with a freshly extended Kirk Cousins, and a few much needed upgrades on the defensive side of the ball. Danielle Hunter is back in the fold, Adam Thielen is back in the fold, and there’s a sense of optimism for this franchise in 2022.

In: Za'Darius Smith (DE, GB), Harrison Phillips (DT, BUF), Jordan Hicks (LB, ARI), Johnny Mundt (TE, LAR), Chandon Sullivan (CB, GB), Austin Schlottmann (G, DEN)

Back: Jordan Berry (P), Sean Mannion (QB)

Out: Tyler Conklin (TE), Mason Cole (OL), Xavier Woods (S), Nick Vigil (OLB)

Still Remaining

 

New England Patriots

After a monster offseason in 2021, the Patriots have been nearly nonexistent this time around, though retaining Trent Brown seems to be good business. There are significant question marks on the rest of the offensive line, and the weapons didn’t prove to be adequate down the stretch last season, so there’s work to be done in New England. 

In: Mack Wilson (LB, CLE), Ty Montgomery (WR, NO), Terrance Mitchell (CB, HOU), Malcolm Butler (CB)

Back: Trenton Brown (OT), Ja'whaun Bentley (LB), Devin McCourty (S), Nick Folk (K), James White (RB), Brian Hoyer (QB), Matthew Slater (ST), 

Out: J.C. Jackson (CB), Ted Karras (OL), Brandon Bolden (RB), Gunner Olszewski (WR), Jakob Johnson (FB), Shaq Mason (G), Chase Winovich (DE)

Still Remaining

 

New Orleans Saints

The Saints have had a roller coaster few weeks, starting with $80M of cap to free up, to a retiring coach, a near major QB acquisition, all the way back to a situation that looks a lot like last year, minus a star safety and left tackle. The few offseason signings have made sense, but they’ll need to hit big with a few early draft picks to round out this roster.

In: Marcus Maye (S, NYJ), Daniel Sorensen (S, KC)

Back: Jameis Winston (QB)

Out: Terron Armstead (OT), Marcus Williams (S), Trevor Siemian (QB), Ty Montgomery (WR)

Still Remaining

 

New York Giants

A new front office/coaching staff generally means at least some roster purge in year one, and the Giants early offseason lends itself to that trend (with potentially more to come). Loading up on interior offensive linemen and a few depth weapons appears to be focused on giving Daniel Jones a bit of showcase season, which makes a lot of sense for the 2022 campaign.

In: Mark Glowinski (G, IND), Tyrod Taylor (QB, HOU), Jon Feliciano (G, BUF), Justin Ellis (DT, BAL), Jihad Ward (DE, JAX), Matt Breida (RB, BUF), Jamil Douglas (G, WAS), Ricky Seals-Jones (TE, WAS), Matt Gono (T, ATL), Richie James (WR, SF)

Back: Casey Kreiter (LS), C.J. Board (WR), Korey Cunningham (T)

Out: Austin Johnson (DT), Keion Crossen (CB), Evan Engram (TE), Lorenzo Carter (DE), Logan Ryan (CB)

Still Remaining

 

New York Jets

In: Laken Tomlinson (G, SF), D.J. Reed (S, SEA), C.J. Uzomah (TE, CIN), Tyler Conklin (TE, MIN), Jordan Whitehead (S, TB), Jake Martin (OLB, HOU), Greg Zuerlein (K, DAL), 

Back: Braxton Berrios (WR), Joe Flacco (QB), Dan Feeney (G), LaMarcus Joyner (S), Conor McDermott (T), Tevin Coleman (RB), Nathan Shepherd (DE), Nick Bawden (FB)

Out: Blake Cashman (LB), Foley Fatukasi (DT), Marcus Maye (S), Morgan Moses (OT), Jamison Crowder (WR), Jarrad Davis (LB)

Still Remaining

 

Philadelphia Eagles

With three first round picks, and a draft loaded with wideouts and offensive tackles, the Eagles focused on retaining, and adding to, their pass rush this March. They’ll be one of the teams to watch throughout the draft both for who they take, and potentially how they move around.

In: Haason Reddick (OLB, CAR), Zach Pascal (WR, IND), Kyzir White (LB, LAC)

Back: Greg Ward (WR), Derek Barnett (DE), Fletcher Cox (DL), Boston Scott (RB), Anthony Harris (S), 

Out: Hassan Ridgeway (DT), Alex Singleton (LB)

Still Remaining

 

Pittsburgh Steelers

The Steelers had an offensive line problem in 2021, and have already added a few veteran pieces in that regard. Toss in a potential QB1 in Trubisky, and a few upgrades on the defensive side of the ball, and Pittsburgh is off to a good start this offseason.

In: James Daniels (G, CHI), Myles Jack (LB, JAX), Mason Cole (OL, MIN), Mitchell Trubisky (QB, BUF), Levi Wallace (CB, BUF), Gunner Olszewski (WR, NE)

Back: Chuks Okorafor (OT), Montravius Adams (DE), Miles Killebrew (S), Arthur Maulet (CB), Ahkello Witherspoon (CB)

Out: Ray-Ray McCloud (WR, SF), JuJu Smith-Schuster (WR, KC), James Washington (WR, DAL)

Still Remaining

 

San Francisco 49ers

The Niners appear to be getting younger (and cheaper) in a lot of areas going forward, and are expected to follow suit at the QB position. Are they building for a team that might need a year or two to find its sea legs? A lack of splashy signings thus far signals that may be the case.

In: Charvarius Ward (CB, KC), George Odum (S, IND), Oren Burks (LB, GB), Ray-Ray McCloud (WR, SF), Hassan Ridgeway (DT, SF), Kerry Hyder (DE, SEA)

Back: Maurice Hurst (DT), Jake Brendel (OL), Demetrius Flannigan-Fowles (LB), Jordan Willis (DE), Jeff Wilson (RB), Dontae Johnson (CB)

Out: Laken Tomlinson (G), D.J. Jones (DT), K'Waun Williams (CB), Tom Compton (G), Raheem Mostert (RB), Trent Sherfield (WR), Trenton Cannon (RB), Richie James (WR)

Still Remaining

 

Seattle Seahawks

The Russ era comes to a close in Seattle and with it comes a roster full of doubt - despite notable talent at the WR, TE, and safety positions. Will they concede their future in a loaded division and continue to strip down, or upgrade the QB position and build this thing back up on the fly? The Seahawks remain fascinating, even if they might not be successful this season.

In: Drew Lock (QB, DEN), Noah Fant (TE, DEN), Shelby Harris (DT, DEN), Uchenna Nwosu (LB, LAC), Quinton Jefferson (DE, LV), Austin Blythe (G, KC), Artie Burns (CB, CHI), Joel Iyiegbuniwe (LB, CHI), Justin Coleman (CB, MIA)

Back: Quandre Diggs (S), Will Dissly (TE), Al Woods (DT), Sidney Jones (CB), Rashaad Penny (RB), Kyle Fuller (OL)

Out: Russell Wilson (QB), D.J. Reed (S), Gerald Everett (TE), Jamarco Jones (OT), Kerry Hyder (DE)

Still Remaining

 

Tampa Bay Buccaneers

With Brady back in the fold, so come plenty of once thought to be departed free agents. The O-Line and secondary still seem a piece or two away, and there’s another TE to drop into the offense at some point this offseason, but the Bucs get themselves right back into NFC South division title conversations.

In: Shaq Mason (G, NE), Russell Gage (WR, ATL), Fred Johnson (G, CIN), Logan Ryan (CB, NYG)

Back: Chris Godwin (WR), Carlton Davis (CB), Ryan Jensen (OL), Aaron Stinnie (G), Breshad Perriman (WR), Leonard Fournette (RB), William Gholston (DE)

Out: Alex Cappa (G), Jordan Whitehead (S), O.J. Howard (TE), Ronald Jones II (RB)

Still Remaining

 

Tennessee Titans

Bringing back a player like Harold Landry keeps the Titans relevant defensively, while a surprise acquisition of Robert Woods from LA could prove to be one of the top NFL moves of the offseason. Tennessee needs a few offensive linemen and maybe another experienced run stuffer, but this team did well to stay afloat thus far.

In: Robert Woods (WR, LAR), Austin Hooper (TE, CLE), Jamarco Jones (OT, SEA), A.J. Moore (S, HOU), Trenton Cannon (RB, SF)

Back: Harold Landry (OLB), Ben Jones (OL), Geoff Swaim (TE), Morgan Cox (LS), Randy Bullock (K), Dylan Cole (LB), Jordan Wilkins (RB), Olasunkanmi Adeniyi (LB), Dontrell Hilliard (RB)

Out: Rodger Saffold (G), Kyle Peko (DT), Khari Blasingame (FB), Jayon Brown (LB)

Still Remaining

 

Washington Commanders

The Wentz acquisition remains a head scratcher, but the rest of the Commander’s offseason thus far seems relatively logical. In fact one may argue that this team has retained more than probably expected, and could have a chance to succeed through the regular season if Wentz can manage games halfway decently. It might be too much to ask though.

In: Carson Wentz (QB, IND), Andrew Norwell (G, JAX), Efe Obada (DE, BUF), 

Back: Bobby McCain (CB), Troy Apke (S), Tyler Larsen (OL), Cornelius Lucas (OT), J.D. McKissic (RB), Cam Sims (WR), Danny Johnson (CB)

Out: Brandon Scherff (G), Tim Settle (DT), Matthew Ioannidis (DE), Kyle Allen (QB), Jamil Douglas (G), Ricky Seals-Jones (TE)

Still Remaining

Michael GinnittiMarch 26, 2022

Quarterback

Andy Dalton (QB, 34)
Dalton began 2021 as the starter in Chicago, but quickly gave way to Justin Fields after just 6 starts. There still remain a few solid backup homes for Dalton in 2022, but the Houston Texans seem like the best fit overall. Davis Mills will get every chance to be the QB1 again this season, but having a player of Dalton’s experience either to mentor and/or take over as needed makes too much sense.

Also: Blaine Gabbert, Josh Rosen, Cam Newton, Colin Kaepernick, ALL

 

Running Back

Melvin Gordon (RB, 28)
After two solid seasons, and $16M earned, in Denver, Gordon is still looking for his next home in 2022. While a return to Denver makes sense, teams like Atlanta, Tampa, Kansas City, or even Buffalo could be in the conversation as well. Gordon may have to drop his asking price into the $4M range this time around.

Also: Sony Michel, Phillip Lindsay, Darrel Williams, David Johnson, ALL

 

Wide Receiver

Julio Jones (WR, 33)
Recently released from Tennessee, Jones has yet to resurface as an option for many WR-needy teams. Indy, Philly, & Cleveland seem like early logical fits, but Jones’ inability to stay healthy for a full season makes him a difficult sign, despite the obvious talent. He might be a better fit in an offense already flush with help at the wideout spot (Tampa, LA Chargers, etc…) where he can be used a bit more specifically and sparingly to maximize production. $2M of his 2022 salary in Tennessee is his, so a new contract should be relatively cheap.

Also: Jarvis Landry, Will Fuller, Cole Beasley, Odell Beckham, Jr., ALL

 

Tight End

Rob Gronkowski (TE, 32)
Gronk put together a much more productive 2021 than 2020, despite 4 less games played. With O.J. Howard now in Buffalo, Gronk would seemingly be welcome back to Tampa Bay with open arms if he still has a desire to lace them up. His 1 year, $8M contract from last year should do the trick once again.

Also: Kyle Rudolph, Jimmy Graham, Eric Ebron, Jared Cook, Blake Jarwin, ALL

 

Offensive Line

Duane Brown (OT, 36)
Russell Wilson’s former left tackle is still seeking work for the 2022 season, with links to Indy, Panthers, & Seahawks all obvious choices. Brown has been earning around $11M per year since 2018, and it stands to reason that with multiple suitors, he’ll remain in the $9M-$11M mark for his next contract.

Also: J.C. Tretter, Eric Fisher, Ereck Flowers, Daryl Williams, Trey Hopkins, ALL

 

Defensive Tackle

Sheldon Richardson (DT, 31)
Richardson has posted 700 snaps in 4 straight seasons, with 3-5 sacks, 40-60 tackles and a few forced fumbles annually over that span. He’s a strong plug and play option for a contending team, and shouldn’t command more than the $3.6M deal he played on in 2021.

Also: Ndamukong Suh, Eddie Goldman, Brandon Williams, Star Lotulelei, Linval Joseph, ALL

 

Edge Defenders

Jadeveon Clowney (DE, 29)
A return to Cleveland has been widely rumored for Clowney, who finished 2021 with 9 sacks, 38 tackles, and 2 forced fumbles for the Browns. It stands to reason that Clowney and his camp will be seeking more than the 1 year, $8M deal he completed last season, though the Browns, with plenty of mouths to feed, may not be in the market to offer that. A version of Hasaan Reddick’s 3 year, $45M deal in Philly makes sense for Clowney, and the Dolphins & Rams may join the conversation at some point soon.

Also: Akiem Hicks, Jason Pierre-Paul, Jerry Hughes, Melvin Ingram, Calais Campbell, ALL

 

Linebackers

Bobby Wagner (LB, 31)
The long-time Seahawk has been making the rounds (Dallas, LA, Baltimore), and should soon make a decision. Wagner was released out of a $16M+ salary this March, and carries a valuation around $10M on the open market, but it’s obvious that a move to a legitimate contender is in his plans. Baltimore probably has the most need here, but the Rams seem like a match made in heaven.

Also: Nick Kwiatkoski, Danny Trevathan, Dont'a Hightower, Anthony Hitchens, ALL

 

Cornerbacks

Stephon Gilmore (CB, 31)
There’s not a solid financial track record for 31+ cornerbacks, though Gilmore, Joe Haden, & Patrick Peterson all offer intriguing opportunities for teams despite their age. Gilmore has been linked to the Chiefs, & Eagles, though the Colts & 49ers should also be largely in the veteran CB conversation right now. With a 2 year, $24M contract do the trick? A massive jump in WR pay signals that the CB market could be soaring again very shortly.

Also: Trae Waynes, Joe Haden, Tavon Young, Patrick Peterson, Chris Harris, ALL

 

Safeties

Tyrann Mathieu (S, 29)
Mathieu joins Tyreek Hill as another big name to depart the Chiefs in 2022, and is still making the rounds to secure his next home. Tyrann has been linked to at least a half dozen teams publicly, but the Steelers, Cowboys, & Broncos seem to make the most sense here. Pittsburgh needs a bevy of help in their secondary, and Mathieu’s versatility can cover plenty of that, while Dallas’ defensive backs were wildly exposed over the second half of 2021. Denver getting in the mix is on brand for how the franchise is currently operating: All-In. Mathieu is likely seeking $16M per year on the market.

Also: Landon Collins, Keanu Neal, Kareem Jackson, Rodney McLeod, ALL

 

Kickers

Michael Badgley (K, 26)
Badgley played 13 games for the Colts in 2021, hitting 18 of 22 fieldgoals, and 98% of his point-afters. He’s been inconsistent for sure, but he’ll still find a roster by camp.

Also: Chase McLaughlin, Sam Ficken, ALL

 

Punters

Kevin Huber (P, 36)
After 13 seasons in Cincy, Huber has yet to be retained for 2022. The Dolphins, Browns, & Falcons also have needs at the position, making it likely that Huber finds a gig to latch onto if he desires.

Also: Thomas Morstead, Corey Bojorquez, Riley Dixon, ALL

Michael GinnittiMarch 24, 2022

A visual look at the numbers behind Tyreek Hill's historic extension with the Dolphins, including $72M through 2024, & $52M fully guaranteed at signing.

Michael GinnittiMarch 23, 2022

The NFL superstar carousel continues to turn, as the league saw two of its Top 3 Wide Receivers both traded, and in turn extended to historic contracts over the past few days. We’ll take a deep dive at the new contracts for Davante Adams & Tyreek Hill, comparing a few notable metrics for each over the next few seasons.

 

Age, Touch Counts, and Approximate Value

Tyreek Hill just turned 28 years old on March 1st. Davante Adams turned 29 last Christmas. Hill has 668 touches (+68 returns) in his 6 year career, while Adams has 669 in 8 seasons. In terms of Approximate Value (Pro Football Reference’s “WAR” stat), Adams clocks in at 77, with Hill coming in at 74. There’s an awful lot of crossover here.

 

Comparing the Contracts

Davante Adams Raiders Contract

Tyreek Hill's Dolphins Contract

Adams receives a $19.25M signing bonus, $3.5M salary, & $500,000 tied to per game active bonuses. Hill’s deal is much more straightforward (and player friendly), with a larger $25.5M signing bonus, and no per game active bonuses on the deal. Both players will receive $100,000 for completing offseason workouts annually.

Each deal contains a favorable cap structure for 2022 (of course), and a sizable roster bonus in year 2 that will almost certainly be restructured. Just how much of 2023 is restructured could factor into the “potential outs” of these contracts respectively. If all $25M+ of Tyreek Hill’s 2023 salary is restructured, it almost ensures he’ll get a 4th year out of the contract. While it’s not as cut and dry for Adams, a full 2023 restructure on his deal means $22.6M of dead cap in 2025.

A Potential Davante Adams 2023 Restructure

A Potential Tyreek Hill 2023 Restructure Both deals have significant “fluff” at their backends, but Adams comes over a 2 year span ($72.5M). For Hill there’s a fairly clear path to 4 years, $95.4M here, with a downright comical 1 year, $45M salary ($50.1M cap hit) in the 2026 season.

 

Metric Comparisons

Average Per Year
Tyreek: $30M
Davante: $28M

1st-Year Cash
Tyreek: $26.635M
Davante: $23.35M

2-Year Cash
Tyreek: $52.7M
Davante: $49.9M

3-Year Cash
Tyreek: $72.5M
Davante: $67.4M

Guaranteed at Signing
Tyreek: $52.535M
Davante: $22.75M

Guaranteed by March 2023
Tyreek: $72.2M
Davante: $65.6M

Practical Contract
Tyreek: 4 years, $95.4M
Davante: 3 years, $67.4M

 

Concluding Thoughts

It’s clear that Tyreek Hill’s deal far exceeds Davante Adams’ contract in almost every measure. But keep in mind that Hill & agent Drew Rosenhaus had Adams’ contract to reference here. Whatever the contractual plan was for Hill 2 weeks ago, that changed immediately the second Las Vegas pulled off the trade & sign.

Being one year younger shouldn’t hold too much weight here, but it certainly helps ease Miami’s pain when it comes to significantly higher bonus & guarantee structures, and a lack of per game active bonuses.

Could the Packers & Chiefs have afforded these deals? Your cost to park, drink, and buy a jersey should answer that question. Could they have made the salary cap work? (See: New Orleans Saints, 2010-2022). But in each case, the draft compensation acquired by moving on will not only turn into an immediate high-profile WR in the upcoming draft (of which there are projected to be many), but also potential starters in other positions either this or next season.

Are Tyreek Hill & Davante Adams immediately replaceable? No. Each have proven experience, and postseason success that can’t be replicated by even the best 22 year old wideout. But the business side of these moves set up the Green Bay and Kansas City franchises to continue to thrive as a whole, especially knowing that each is fully committed to an elite QB1.

Michael GinnittiMarch 21, 2022

A visual look at the numbers behind Davante Adams' 5 year, $140M contract with the Raiders, including the cap breakdown, guarantee structure & our thoughts going forward. Related: View the Full Contract

Michael GinnittiMarch 21, 2022

A visual look at the numbers behind Von Miller's blockbuster free agent contract with the Bills, including $52M through 2024, and team-friendly cap hits over the next two seasons. Related: View the Full Contract

Michael GinnittiMarch 21, 2022

A visual look at the cap hits, bonuses, guarantee structure, and practicality of Maxx Crosby's $94M contract extension with the Las Vegas Raiders. Related: View the Full Contract

Michael GinnittiMarch 21, 2022

A visual look at the numbers behind Matthew Stafford's $160M extension with the Rams, including the double bonus structure, $120M guaranteed through 2023, and near $50M cap hits. Related: View the Full Contract

Michael GinnittiMarch 21, 2022

A visual look at the numbers behind Deshaun Watson's $230M guaranteed with the Browns, & how the cap hits may be managed over the next 7+ seasons in Cleveland. Related: View the Full Contract

Michael GinnittiMarch 11, 2022

A first round pick, a third round pick and a 6th round pick, for a second round pick, a seventh round pick, and the rights to pay Khalil Mack. That’s the move that brought the now 31 year old edge rusher from the Raiders to the Bears. Chicago in turn signed him to a 6 year, $141M contract extension, of which $91M has been paid out.

Mack offered up 36 sacks in 3.5 years, and until last season was largely available, consistent, and productive across the board. Was this the right time to move on? Much of the Bears current roster construction says yes, especially as much of the team’s focus will be on protecting, and offering weapons for their next attempt at a franchise QB.

 

Terms of the Trade

The Chargers send the Bears a 2022 2nd round pick (#48), & a 2023 6th round pick for the rights to Khalil Mack. The #48 pick projects to carry a cap hit of $1.4M in 2022, so LAC will free up a bit of space in that regard.

 

The Traded Contract

2022: $17.75M ($12.05M salary, $5.5M roster bonus, $200k workout bonus)
2023: $22.9M ($17.2M salary, $5.5M roster bonus, $200k workout bonus)
2024: $23.25M ($17.55M salary, $5.5M roster bonus, $200k workout bonus)



The Chargers agreed to take on all of Mack’s remaining contract, to the tune of 3 years, $63.9M. But - as with almost every NFL contract - not everything is as it first seems.

While a $5.5M roster bonus is due next Friday, the remaining contract offers no other “upfront” guarantees from here out. Even his $12.05M base salary for 2022 won’t fully lock in until Week 1. So theoretically speaking, the Chargers could walk away from this contract after 2022 with no financial impact.

 

Cap Flexibility

Not only does a Joey Bosa Khalil Mack combo on the field offer flexibility in terms of defensive rush scheming, but there’s plenty of wiggle room in each of their contracts for cap clearing as needed.

With Mack specifically, the acquired contract brings on zero dead cap with it. His roster bonus will vest next week, but it probably makes sense for the Chargers to restructure this a bit in the next few days to free up additional cap space for what seems like a major push this March.

Is it required? No, the Chargers currently rank 13th in terms of Top 51 cap space with just under $25M to work with, but if the plan is to add another piece to their secondary, or a notable TE for Herbert to utilize, more room will be required (not to mention Derwin James needs a top of the market extension).

Converting the $5.5M roster bonus into a signing bonus, spread out over the final 4 years of the contract frees up over $4M of cap space this year. That might be all the Chargers opt to do with this contract to keep the dead cap at a minimum.

However, a full restructure of all 2022 compensation, with another void year added, can drop his 2022 cap hit all the way down to $4.44M, freeing up over $13M of cap space for the Chargers to utilize.

 

Positional Spending

The benefit of a great QB on a rookie contract is of course the ability to overspend a bit elsewhere. Keenan Allen & Mike Williams now represent $33.2M of combined 2022 cap dollars. Joey Bosa & Khalil Mack now represent a whopping $46M of combined 2022 cap dollars.

And the Chargers aren’t yet done.

Michael GinnittiMarch 09, 2022

Despite much less speculation this offseason in comparison to last, the Seahawks traded QB Russell Wilson to the Denver Broncos, signaling the end to a fantastic 10 year relationship. We’ll discuss the details of the trade, what’s next for Wilson financially, & what’s left for Seattle going forward.

 

The Trade

Denver Receives

Russell Wilson (QB, 33)
As the key part of this cog, Russell Wilson brings along a 2 year, $51M contract, including cap & cash hits of $24M for 2022, $27M for 2023. Wilson is owed a $5M roster bonus on March 20th, so if a restructured extension is forthcoming, there’s some sense it may happen prior to that date.

2022 4th Round Pick (estimated #114)
The Broncos are now slated to pick back to back in Round 4. In total, they still maintain picks 64, 66, 75, 96, 113, 114, 137, 206, 222, 227 (exact picks estimated based on comps.)

 


Seattle Receives

Drew Lock (QB, 25)
Lock brings a 1 year, $1.45M, non-guaranteed, contract with him to Seattle. For now, he’s probably the odds on favorite to start Week 1, competing with Jacob Eason, and potentially Geno Smith (a pending free agent).

Noah Fant (TE, 24)
The talented tight end holds a $2.2M, non-guaranteed, salary for 2022, with a $6.85M option in 2023 that must be exercised by May 3rd (likely). He stands to thrive in a Seattle offense that has always held the position in high regard (when the right kind of playmaker exists). Gerald Everett & Will Dissly are pending free agents.

Shelby Harris (DT, 30)
Harris carries a 2 year, $17M contract with him to Seattle, including cash/cap hits of $8M for 2022, $9M for 2023. $5M of his 2022 salary is already fully guaranteed. He’ll replace pending free agent Al Woods on the defensive line.

2022 1st Round Pick (#9)
A draft deep with O-Tackles, Edge Rushers, & Cornerbacks should make this a very valuable pick for Seattle.

2023 1st Round Pick
This might be the big one. If the plan is to punt on taking or acquiring a new starting QB in 2022 in order to make a run at one of the major prospects in 2023, having capital to move up in that draft will be important.

2022 2nd Round Pick (#40)
Plenty of Day 1 starters are drafted here.

2023 2nd Round Pick
More ammo to move up?

2022 5th Round Pick (#144)

 

What’s Next for Seattle?

There are two immediate ways for this franchise to go:

  • Continue to rip-it down with more trades and releases in the coming days, loading up on draft picks in order to fully rebuild this thing.
  • Trim off some more fat, but hold on to the major pieces. Prepare for a tough 2022 season, with the intention of selecting the next immediate QB1 in the 2023 draft. Is starting Drew Lock the best way to secure a high 2023 pick?

 

Notable Financials

  • Trading Wilson freed up $11M of cap from his contract ($37M starting point, $26M stays). That $11M went directly into the salaries of the 3 newcomers (Fant, Harris, Lock), who account for $11.6M of 2022 salary cap.
  • The #9 pick should account for around $4.2M in cap, while the added #40 pick will tack on another $2M or so.
  • Despite ample cap space, Bobby Wagner likely still falls off of this roster. It’s perfectly possible his replacement comes with the #9 pick. There’s $16.6M of cap space to be freed up by moving on. (Wagner was released 3/9)
  • Speculation rose immediately after the Wilson move that Tyler Lockett could be next to move, but his contract makes this a difficult trade, as the deal holds $15.2M of signing bonus proration. Furthermore, a $13M option bonus that became fully guaranteed last month is set to be paid between March 16th - March 20th, meaning Seattle would need to get out from under this and trade Lockett immediately, taking on the $15.2M dead cap hit all in 2022. It's possible - but not likely.

What’s Next for Denver?

The Broncos have been preparing for a move like this for the past 18 months, with in-house extensions, a few notable releases/trade aways, and a new coaching staff. The offensive line is in pretty good shape, the secondary is exceptional, and the weapons have the potential to be as good as any in the league.

There are legitimate question marks on the defensive line and certainly on the edge, notably what the future holds for Bradley Chubb. With a projected $26M of cap space (and plenty more should Denver restructure Garrett Bolles, Justin Simmons, or even Wilson), there’s a reasonable expectation that the Broncos will be in the market for a major pass rusher this month. The likes of Chandler Jones, DeMarcus Lawrence, Frank Clark, or even the return of Von Miller could very much be on the table here.

 

What’s Next for Russell Wilson?

Will Wilson take a cue from Matthew Stafford and leave his contract alone for a year before re-upping with his new franchise? Generally speaking, it behooves the player to do so, as recency bias can work wonders in amplifying a negotiation. Stafford is likely days away from a $45M+ per year contract extension in Los Angeles, as the quarterback money continues to climb at a much higher rate than any other position.

From a valuation standpoint, Wilson currently projects to a 3 year, $128M extension in our system (tacked on to the remaining 2 years of his current contract. His production has suffered over the past two seasons, along with the Seahawks offense as a whole. With new weapons to play with in Denver, a rejuvenated Wilson easily finds himself in the $46M+ range, especially at just age 33.

Prediction: Wilson plays 2022 on his $24M salary, and signs a 4 year, $192M extension next offseason.

Michael GinnittiMarch 07, 2022

Starting with the 2018 draft, 5th year options for all 1st round selections took on a very different calculation process. The big deciding factor now? Pro Bowls. The valuation process for the 5th year option is broken down into 4 tiers:

Tier 1: A player is selected to 2+ Pro Bowls in his first three seasons (original ballot placement only)
Tier 2: A player is selected to 1 Pro Bowl in his first three seasons (original ballot placement only)
Tier 3: A player does not garner a Pro Bowl berth, but plays in either 75% of snaps in 2 of 3 seasons, or an average of 50% over all 3
Tier 4: A player does not garner a Pro Bowl berth, nor does he meet the necessary playing time criteria

 

1 ARI Kyler Murray QB $29,703,000
2 SF Nick Bosa DE $17,859,000
3 NYJ Quinnen Williams DT $11,500,000
4 LV Clelin Ferrell DE $11,500,000
5 TB Devin White ILB $11,706,000
6 NYG Daniel Jones QB $22,384,000
7 JAC Josh Allen OLB $11,500,000
8 DET T.J. Hockenson TE $9,392,000
9 BUF Ed Oliver DT $10,753,000
10 PIT Devin Bush ILB $10,892,000
11 CIN Jonah Williams T $12,604,000
12 GB Rashan Gary OLB $10,892,000
13 MIA Christian Wilkins DT $10,753,000
14 ATL Chris Lindstrom G $13,202,000
15 WAS Dwayne Haskins QB N/A (released)
16 CAR Brian Burns DE $16,012,000
17 NYG Dexter Lawrence DT $10,753,000
18 MIN Garrett Bradbury C $13,202,000
19 TEN Jeffery Simmons DT $10,753,000
20 DEN Noah Fant TE $6,850,000
21 GB Darnell Savage S $7,901,000
22 PHI Andre Dillard T $12,604,000
23 HOU Tytus Howard T $13,202,000
24 LV Josh Jacobs RB $8,034,000
25 BAL Marquise Brown WR $13,413,000
26 WAS Montez Sweat DE $11,500,000
27 LV Johnathan Abram S $7,901,000
28 LAC Jerry Tillery DT $11,500,000
29 SEA L.J. Collier DE $11,500,000
30 NYG Deandre Baker CB N/A (released)
31 ATL Kaleb McGary T $13,202,000
32 NE N'Keal Harry WR $12,425,000
Michael GinnittiMarch 07, 2022

March 8th is the deadline for teams to designate a franchise or transition tag.
Related: Projected 2022 Tag Values

Orlando Brown Jr. (OT, KC)

  • Has been offered a $16.5M tag by the Chiefs
  • Was acquired for a 1st, 3rd, & 4th (while also getting a 2nd & 6th)
  • Projects to a 5 year, $116.5M historic extension

 

Davante Adams (WR, GB)

  • Should be offered a $20.145M franchise tag (120% of his 2021 cap hit)
  • Packers are trying to avoid the tag, as they simply do not have the cap space to take it on
  • Aaron Rodgers’ March 8th deadline isn’t an accident, it’s the end of the tag window. He goes I go situation
  • Projects to a 5 year, $129M extension in our system, easily the largest total value for any WR in history (Calvin Johnson, $113.45M)
  • Adams is looking to surpass Julio Jones’ $64M of fully guarantee at signing

 

Chris Godwin (WR, TB)

  • May be offered a 2nd tag at $19.18M
  • Won’t be available all offseason, projects to return right at Week 1 (torn ACL/MCL)
  • Bucs smelling blood in a weak division? Band-aid QB with tons of weapons?
  • Projects to a 5 year, $103M extension (but might need to prove health?)

 

Mike Williams (WR, LAC)

  • Should be offered an $18.5M tag by the Chargers
  • Likely to play on it? (Feels Godwin-y)
  • Projects to a 5 year, $90M extension
  • LAC has the cap space to structure this as a “double-tag” extension with value in years 3-5 if they so choose.

 

Mike Gesicki (TE, MIA)

  • Will be offered an $11M tag by the Dolphins
  • Could argue that he’s a WR based on his formation numbers, but not likely ($7.5M difference)
  • Miami probably extends him, I would not. I believe the $11M tender is both fair and good business for a team with a lack of identity right now.
  • Projects to 4 years, $44M (same value as the tag)

 

Dalton Schultz (TE, DAL)

  • Should be offered an $11M tag by the Cowboys
  • Blake Jarwin’s injury status secures his spot
  • Projects to a 4 yr, $50M+ extension

 

Harold Landry (LB, TEN)

  • Should be offered an $18.5M tag by the Titans
  • TEN will need to restructure a few contracts to fit this in
  • Strong candidate to play on the tag
  • Projects to a 4 year, $68M contract (Shaq Barrett-y)

 

Jessie Bates (S, CIN)

  • Will be offered a $13M tag by the Bengals
  • Bengals possess around $49M of cap space
  • Projects to a 5 year, $74M+ extension
  • Probably plays on the tag, while Cincy focuses cash on the OL?

 

James Conner/Chase Edmonds (RB, ARI)

  • Arizona wants to keep both RBs, Transition Tag for one?
  • Keim has shown he’ll do this with Kenyan Drake
  • Is keeping one at $8.5M(ish) too expensive from a cap perspective?
  • I’d rather see them sign both at $5M-$6M multi-year extensions, with cap flexibility built in.
Michael GinnittiFebruary 28, 2022

As NFL franchises prepare their 2022 roster for the upcoming March 16th league year start, we'll take a last minute look at players who could be on the roster bubble for a variety of reasons. These candidates vary from potential retirement, trade, or outright releases in the coming weeks or months.

 

Arizona Cardinals

Jordan Hicks (LB, 31)
Hicks has a $250,000 roster bonus due March 19th, so a quick release seems likely. The move frees up $6.5M of cap.

Jordan Phillips (DT, 30)
Phillips’ $13.3M cap hit is a problem, but with $9.2M of dead cap against it, a Post June 1st release may be the only viable way out. That designation frees up $10M of 2022 space.

Justin Pugh (G, 31)
With just a $2M of dead cap against an $11.8M cap figure, moving on from Pugh means $9.8M cleared.

Matt Prater (K, 37)
There’s $3.5M to be saved here if the Cardinals want to explore a cheaper option.

 

Atlanta Falcons

Mike Davis (RB, 29)
If he’s pegged to be the RB1, the $3.25M cap hit is good value. But there’s $2.5M of cap to be freed up here otherwise.

Calvin Ridley (WR, 27)
Safe to say Atlanta would love him back, but if Ridley wants a change of scenery, the Falcons can free up $11.1M of cap and cash to trade him this offseason.

Grady Jarrett (DT, 28)
The contract poses a problem for Atlanta, with a $23.8M cap figure in the final year. An extension keeps him around and lowers the hit, but it’s possible the Falcons listen to trade offers this spring. Doing so would leave behind $7.3M of dead cap, freeing up $16.5M.

 

Baltimore Ravens

Alejandro Villanueva (OT, 33)
Still viable, but with $6M to be freed up, it stands to reason that Baltimore will look elsewhere.

Marcus Peters (CB, 29)
Enters a contract year with a $15.5M cap hit and just $5.5M of dead cap against it. He’s a trade option before a release candidate.

Sam Koch (P, 39)
The Ravens can free up $2.1M if they move on from their longtime vet.

 

Buffalo Bills

Cole Beasley (WR, 32)
The targets and catches remained the same, but Beasley’s yardage and touchdowns took a nose dive in 2021. There’s a $500,000 roster bonus due March 20th that could become a “deadline” for his 2022 status. Buffalo can free up $6.1M to cut or trade him prior to this date.

Jon Feliciano (G, 30)
Feliciano was extended a year ago, but there’s an “out” on this deal prior to a $500,000 March 20th roster bonus. Buffalo can open up $3.4M of cap space with an early release.

Cody Ford (G, 25)
Moving on means $1.5M of added cap space.

Star Lotulelei (DT, 32)
As part of a restructure last year, the Bills guaranteed $2.5M of Lotuleilei’s 2022 base salary. That may not stop them from moving on this March. Designating Star a Post June 1st release frees up $4.1M (after June 1st).

A.J. Klein (LB, 30)
Klein has value on this roster, and a paycut could be in order if agreed upon, but an outright release frees up $5.1M.

Matt Haack (P, 27)
Moving on means freeing up $1.2M of cap.

 

Carolina Panthers

Sam Darnold (QB, 24)
With $18.8M guaranteed on the books, an outright release seems out of the question here, but some form of “split-salary” trade isn’t crazy.

Christian McCaffrey (RB, 25)
McCaffrey’s role needs to change to keep him active more consistently, and a move to a contender could help reshape his career before it’s too late. Contractually this would need to happen post June 1st for Carolina’s dead cap purposes. A late trade frees up $8.6M.

 

Chicago Bears

Cody Whitehair (OL, 29)
Whitehair is useful, but the contract gets mildly expensive from here out. He’ll need to be designated a post 6/1 release for cap purposes, a move that will eventually free up $8M of cap.

Eddie Goldman (DT, 28)
The guarantees on this contract are long gone, and there’s $6.6M to be freed up with an early release.

Danny Trevathan (LB, 31)
With $9M of dead cap against a $5.7M cap hit, a Post June 1st release seems the only out option here. Doing so eventually frees up $3.3M.

Eddie Jackson (S, 29)
Even a Post June 1st release only frees up $6.1M of Jackson’s $15M cap hit (with an early release only clearing $1.5M). The Bears probably want to move on, but it won’t do much for their cap table.

Khalil Mack (OLB, 31)
There’s a $5.5M roster bonus due March 18th, and $24M dead cap against a $30M cap hit for 2022. Another restructure seems more likely than a trade away.

 

Cincinnati Bengals

Trae Waynes (CB, 29)
With almost $11M to be freed up in moving on, this is a slam dunk move.

Trey Hopkins (C, 29)
Plenty of changes are forthcoming to this offensive line in 2022. With $6M to be cleared from Hopkins’ contract year, he’s an early release candidate.

 

Cleveland Browns

Jarvis Landry (WR, 29)
Holds just $1.5M of dead cap against a $16.3M cap hit, but probably finds his way to a restructure versus an outright release.

Austin Hooper (TE, 27)
With no guarantees remaining, Cleveland simply has to maneuver the dead cap trail to get out of this one. A Post June 1st release frees up $9.5M ($2M if before).

 

Dallas Cowboys

Amari Cooper (WR, 27)
With $6M of dead cap against a $22M cap hit, the speculation will continue in Dallas. His $20M salary fully guarantees on March 20th, but that won’t scare away trade offers if the Cowboys are looking for them.

Blake Jarwin (TE, 27)
Jarwin could give way to a new Dalton Schultz contract in the coming weeks. There’s $3.8M to be freed up with an early release.

DeMarcus Lawrence (DE, 29)
Still highly productive, but might be a true cap casualty this March. An early trade frees up $8M of cap (but offers compensation in return), while a Post June 1st release means $19M saved this spring.

Greg Zuerlein (K, 34)
Will Dallas get younger and cheaper here? There’s $2.4M of needed space to be opened up if so.

 

Denver Broncos

Daesean Hamilton (WR, 26)
The WR room in Denver is talented and crowded. There’s $2.1M to be opened up here.

Mike Purcell (DT, 30)
Purcell holds $1.5M of dead cap against a $4.3M hit. This is an upgrade watch spot for Denver.

Sam Martin (P, 32)
Denver can free up $2.25M if they move on from the veteran punter.

 

Detroit Lions

Trey Flowers (OLB, 28)
Oft-injured and wildly unproductive, a Flowers release frees up over $10M early, and $16M after June 1.

 

Green Bay Packers

Aaron Rodgers (QB, 38)
A pre June 1 trade means $26.8M of dead cap, $19.8M saved. A retirement list placement (if applicable) will likely be held until after June 1st, meaning $27.5M saved this year.

Randall Cobb (WR, 31)
Moving on here means $6.7M free up.

Billy Turner (RT, 30)
Enters a contract year with $4.9M of dead cap against a $9.1M hit. Green Bay needs the $4.2M difference here.

Za'Darius Smith (OLB, 29
One of the Smiths is on the bubble here, but a Za’Darius release opens up more than $15.2M.

Mason Crosby (K, 37)
The long-time Packer might need a paycut to stick for 2022. There’s $2.4M to be saved with an outright early release.

 

Houston Texans

Deshaun Watson (QB, 26)
The 2022 salary is already fully guaranteed (until he’s suspended), but the Texans hold just $16.2M of trade dead cap on this contract. A pre June 1st trade frees up $24.2M, while anything after opens up $35M.

Brandin Cooks (WR, 28)
Enters a contract year with $7.5M of dead cap against a $16.2M hit. If Houston can garner the proper compensation, they’ll likely take the $8.7M to be saved in order to send him to a better situation.

Laremy Tunsil (OT, 27)
Tunsil becomes the third notable player rumored in trades this offseason, despite a massive trade haul to bring him in 3 years ago, and $40M paid out the last two seasons. Houston would free up $9.5M of cap with an early trade.

 

Indianapolis Colts

Carson Wentz (QB, 29)
Wentz has a $5M roster bonus that locks in March 18th, to go along with $15M of salary already fully guaranteed. Can they find a trade partner this offseason? Will they need to pay down some of that $20M to get him out the door? Is there a viable replacement in mind? Plenty of unknowns.

 

Jacksonville Jaguars

Chris Manhertz (TE, 29)
He’s a solid contributor, and the $4M cap hit doesn’t scare anyone (especially with $1M of salary fully guaranteed), but Jacksonville may look to add a significant upgrade to this position in March. A release frees up $1.9M.

Carlos Hyde (RB, 31)
Moving on at any point this offseason frees up $1.9M.

 

Kansas City Chiefs

Frank Clark (DE, 28)
Plenty of options on the table here, but getting out from under this contract probably makes sense to start the process. A Pre June 1st release/trade frees up $13.4M. Any type of Post June 1st move opens up $19.85M.

 

Las Vegas Raiders

Clelin Ferrell (DE, 24)

Ferrell holds a fully guaranteed $4.7M salary for 2022, with a $9.9M cap figure to boot. While a trade would certainly be ideal, an outright release seems more likely here, even if it won't free up any cap space.

 

Denzel Perryman (LB, 29)
There’s a $1.8M roster bonus due March 18th, but a release prior to that frees up $3M.

Denzelle Good (G, 30)
He’s a fringe bubble player heading into March, but there’s $4.1M to be freed up here.

 

Los Angeles Chargers

Bryan Bulaga (OT, 32)

Bulaga's production as dipped since joining the Chargers from Green Bay in 2020, and back injury has limited his ability to help the squad down the stretch this season. He holds a $14M cap hit in 2022, with $10.75M to be freed up should LA move on.

 

Los Angeles Rams

Andrew Whitworth (OT, 40)
This is all about a possible retirement, as the ageless wonder would be welcomed back if possible. If he decides to hang them up, LAR frees up $16M of cap space.

A'Shawn Robinson (DT, 26)
Still a very productive player, Robinson finds himself here because he's one of the only contracts on the Rams' roster with a sizable 2022 cap hit, and decent savings if moved on from. A simple base restructure is a more likely solution here (especially with a $1M roster bonus already fully guaranteed), but there's $5.5M of cap space to be freed up if LA moves on.

 

Miami Dolphins

Jesse Davis (RT, 30)
Davis has played nearly every snap for the 2021 Dolphins, but there are likely to be plenty of changes on the Dolphins’ O-Line this winter. Miami can free up $3.6M of cap by moving on.

Adam Butler (DT, 28)
Butler has limited production despite a starting role on the Dolphins D-Line. The $3.75M to be saved is better used elsewhere.

 

Minnesota Vikings

Kirk Cousins (QB, 33)
With 1 year, $35M (fully guaranteed) left, this is still a very tradable contract, and it stands to reason that a few calls could be made in that regard. Minnesota would take on $10M of dead cap with a trade away, freeing up $35M of cap and cash in the process.

Adam Thielen (WR, 31)
Thielen’s contract is out of upfront guarantees, but there’s still $11.1M of dead cap against a $16.8M hit. Another restructure is most likely, but if trade offers come in there’s a chance that move is made.

Danielle Hunter (DE, 27)
Hunter missed the entire 2020 season (neck), and half of 2021 (torn pec), with injuries so there's a long road ahead still. Factor in a $26.12M cap hit for 2022 (thanks to an $18.5M roster bonus), and it's a certainty that something is forthcoming with the edge rusher's contract. At this point, a trade then restructure still seems feasible, a move that would leave $7.4M of dead cap with Minnesota, freeing up $18.64M of cap space.

 

New England Patriots

N'Keal Harry (WR, 24)
Harry is averaging 1 reception per game in 2021, and has only found the end zone 4 times in 3 years. Only $674k of his 2022 salary is fully guaranteed, meaning $1.8M of cap/cash can be cleared per his release.

Jake Bailey (P, 24)
Bailey is too good to move on from, but his $4M cap hit against just $72k of dead cap can be reworked. An extension that lowers the 2022 figure makes a ton of sense.

 

New Orleans Saints

Malcolm Jenkins (FS, 34)
Jenkins still has games left in him, but the Saints will need to be creative with their financials yet again in 2022, putting his $11.7M cap figure on notice. A post June 1st release frees up $7.75M.

Bradley Roby (CB, 29)
Roby was acquired from Houston for a 3rd & 6th round pick, so it stands to reason that New Orleans would prefer to get another year out of the defensive back. A restructure is probably more likely here, a move that can free up $6.8M of cap space in 2022.

 

New York Giants

Sterling Shepard (WR, 28)
There's a lot to like about Shepard, but he's failed to complete a full season for three straight years now, and with Golladay & Toney now in the mix, his role was already in line to be diminished. Both sides could stand for a change of scenery, and the Giants can free up $4.5M with an early release, $8.5M after June 1st.

Kyle Rudolph (TE, 32)
Rudolph's cap number jumps up $3M in 2022 ($7.425M), and when factoring in minimal production in 2021, and the Giants snug with cap space, there's little reason to believe he remains in his contract. New York can free up $5M of space by moving on.

Blake Martinez (LB, 27)
Martinez was good in 2020, but a torn ACL cut his 2021 campaign short after just 3 weeks. He's a player who can still contribute when healthy, but a $14M cap figure for 2022 right now has to be addressed somehow. Moving on frees up $8.5M.

Saquon Barkley  (RB, 25)
Barkley's headed for his option year, with a fully guaranteed $7.2M salary to boot. An extension likely isn't coming anytime soon - but a trade might be. Unless salary is eaten prior to (not likely), the Giants would incur no dead cap to trade Barkley this offseason.

New York Jets

Sheldon Rankins (DT, 27)
Despite his most productive season in 3 years, Rankins likely won’t be kept on a $6.25M cap figure for 2022. There’s $5.5M to be freed up here.

Ryan Griffin (TE, 32)
The Jets probably want to see what a healthy Griffin/Wilson year looks like, but there’s $3.2M of cap to be freed up if not.

Greg Van Roten (G, 32)
Van Roten gave up his starting gig late in 2021, and might not be given the chance to get it back. The Jets can clear $3.5M by moving on.

 

Philadelphia Eagles

Brandon Brooks (G, 32)
Brooks announced his retirement on January 26th. His contract has already been reduced for the purpose of carrying it until June 1st, after which he’ll be placed on the reserve/retired list, splitting his dead cap as $5.9M for 2022, $9.7M for 2023. Philly will only see $1.1M of new cap space in June.

Gardner Minshew (QB, 25)
Minshew will be a good value and capable backup for Jalen Hurts if all stays as is, but if the QB position shakes up this offseason, look for teams to come calling for this contract. A trade frees up $2.54M for Philly.

Jason Kelce (C, 34)
He’s contemplating retirement still, while his contract holds $13.5M of dead cap against a $7.5M hit. He’s good value if he returns, and a $1.5M March 16th roster bonus will make this decision come early. If he hangs it up, Philly will carry him until June 1st before adding him to the reserve/retired list, splitting up the dead cap as $4.5M this year, $9M in 2023. 

 

Pittsburgh Steelers

Tyson Alualu (DL, 34)
Lost in 2021 due to injury, Pittsburgh can free up $2.5M by moving on.

Joe Schobert (LB, 28)
He might get another year with the Steelers to try to settle in better, but there’s almost $8M of cap to be freed up with an early release. Getting out of this contract and starting over might be the safer move.

Zach Banner (OT, 28)
There are big changes coming to this offensive line, and the $5M freed up by moving on from Banner can help (if he’s properly replaced).

 

San Francisco 49ers

Jimmy Garoppolo (QB, 30)
For the most part, the Niners stuck to their guns in keeping Trey Lance on the sidelines for the majority of 2021. Garoppolo responded with a very Garoppolo-like season, good enough for most teams to appreciate, but likely not enough to keep him in San Franc's plans going forward. With just $1.4M of dead cap against a $27M cap hit, there's $25.6M to be freed up in trading or releasing the veteran QB.

Samson Ebukam (OLB, 26)
Ebukam has shown flashes of high production in 2021, but the 2nd year of his contract was always to be considered a bit of an option, as his cap figure jumps from $3.7M to $8.25M. There's $6.5M to be freed up by moving on.

Dee Ford (DE, 30)
His $4.6M roster bonus became fully guaranteed last week, so there’s going to be some pain in moving on ($14.4M of dead cap to move on before June 1st). If they designate him a Post June 1st release, they’ll free up $2.4M, but not until June 2nd. It seems like he’s going to stick for another year, despite back to back seasons filled with injury.

 

Seattle Seahawks

Bobby Wagner (LB, 31)
Wagner probably belongs in the extension grouping, but the uncertainty of the Seattle roster as a whole puts everything in question. His $20.35M cap hit for 2022 is intolerable, and there's $16.6M to be freed up by moving on, but a restructured extension to lower this figure and keep the 10 year vet in Seattle seems the most likely path forward.

Christopher Carson (RB, 27)
Carson's extension was essentially a one year deal in terms of guarantee structure, and a serious neck injury now has his future in question. The contract holds $3M of dead cap against a $6.4M cap hit in 2022, but with Rashaad Penny & Alex Collins slated for free agency, there's a chance he sticks for one more year.

Jason Myers (K, 30)
Myers' consistency has fallen off of a cliff in 2021, and his $5M cap figure may be too rich to tolerate. With just $1M of dead cap on the final year of his contract, Seattle likely opts for the $4M saved here.

Kerry Hyder (DE, 30)
Hyder's cap figure nearly doubled ($3.7M) in 2022, putting him on a soft bubble this offseason. There's $2M to be freed up in moving on.

Russell Wilson (QB, 33)
We’ve heard nothing about Wilson wanting out this time around, but that won’t stop offers from coming in. Wilson has a $5M roster bonus due March 20th, and an early March trade would leave behind $26M of dead cap to Seattle, freeing up $11M of space.

 

Tampa Bay Buccaneers

Ryan Succop (K, 25)
He probably sticks around another year, but TB can free up $2.5M if they look elsewhere at the position.

Bradley Pinion (P, 27)
Pinion enters a contract year in 2022 with a $2.9M cap hit, all of which can come off the books if necessary.

Mike Evans (WR, 28)
Evans has two years left on his contract, but he might look around in a couple of weeks and realize he’s one of the only stars remaining on his side of the ball. Will a trade demand follow? With FOUR restructures already processed on his contract, the Bucs would only really benefit from trading him after June 1st, at which point they can open up $14M of cap, and lock in some 2023 draft picks to boot.

 

Tennessee Titans

Taylor Lewan (OT, 30)
He’s a more than capable blind side lineman still, but the contract offers space to move on, so we’ll make Lewan a fringe bubble candidate for now. Moving on opens up $12.9M of room.

Zach Cunningham (LB, 27)
Cunningham is a nice fit for the Tennessee defense, but getting out of the contract and starting over probably makes sense for the team. They can open up $10.5M of space by doing so.

Kendall Lamm (OT, 29)
If Lewan is kept around, maybe Lamm becomes the odd man out on that O-Line. There’s $3.2M to be freed up in moving on.

 

Washington Commanders

Matthew Ioannidis (DT, 27)
The Commander's D-Line is loaded with youngsters, most of which are nearing the point of their big-time extensions. With pass-rush production all but diminished over the past two seasons, Ioannidis' trade or release can free up $6.9M of cap & cash this offseason.

Landon Collins (S, 28)
Collins has banked $44M in 3 seasons with Washington, but he becomes a fringe bubble player entering 2022. An early release frees up $6.6M of cap, while a Post June 1st move opens up $12M.

Michael GinnittiFebruary 24, 2022

The Dallas Cowboys enter the 2022 offseason with a projected -$21M of Top 51 cap space, the 3rd lowest figure in all of football. While a few notable names could be moved off the roster, Dallas holds plenty of big contracts that lend themselves to salary restructures, and freed up cap space. Here’s our look at how the Cowboys can open up $70M of new cap space in the coming weeks.

Related Pieces

 

Quarterbacks

Predicted Savings: $15.1M

Dak Prescott
Prescott’s $34.45M cap figure currently ranks 8th in all of football. A full restructure of his $20M salary can drop it down to $19.2M.
Predicted Savings: $15.1M

 

Running Backs

Predicted Savings: $9M

Ezekiel Elliott
Despite rumors that the Cowboys may move on from Zeke and roll with Tony Pollard in 2022, his contract tends to make us believe he’ll be in Dallas for at least one more season (though a Post June 1st trade does have some financial merit). His $18.22M cap hit is by far the most of any running back in the NFL, but a full base salary restructure can drop it to $9.1M
Predicted Savings: $9M

Tony Pollard
Enters a contract year in 2022, including a $1.1M cap hit. His future remains tied to the potential out for Elliott.

 

Wide Receivers

Predicted Savings: $16M

Amari Cooper
Carries 3 years, $60M left on his contract including a $22M cap hit for 2022. There’s been some speculation that Cooper will be moved on from this offseason, but other options exist

  1. Do nothing, keep his $22M cap hit intact, making a 2023 trade or release extremely painless in terms of Cowboys’ dead cap ($6M).
  2. Restructure most of his $20M salary into a signing bonus, tacking on 2 void years to the end of the contract. This drops his 2022 hit to $6.89M, freeing up $15.1M of space.
  3. Trade him prior to June 1st, freeing up $16M of space.
  4. Trade him after June 1st, freeing up $20M of space.
  5. Release him prior to March 20th, when his $20M salary becomes fully guaranteed, freeing up $16M of cap space.

Predicted Savings: $16M

CeeDee Lamb
Enters year three of his rookie contract and won’t become extension eligible until after 2022.

Michael Gallup
Pending UFA 

 

Tight Ends

Predicted Savings: $3.85M

Blake Jarwin
Missed nearly all of 2020, & half of 2021 due to injury, giving pending free agent Dalton Schultz an opportunity to steal his role. Schultz is a tag/extension candidate. While moving on from Jarwin won’t free up a ton of room, it’s still the predicted outcome here.
Predicted Savings: $3.85M

Dalton Schultz
Pending UFA

 

Offensive Line

Predicted Savings: $15.6M

Tyron Smith, LT
Despite two years, $27.1M remaining on his contract, and his 8th Pro Bowl berth just a few weeks ago, rumors about Dallas trading Smith away this offseason have begun to percolate. The Cowboys don’t have a viable replacement on the roster as of yet, but that could change in the coming weeks. For now, we’ll assume he stays as is on a $17.5M cap hit, though a Pre June 1st trade would free up $5.5M, while a Post June 1st swap opens up $13.5M.

Connor Williams, LG
Pending UFA

Tyler Biadasz, C
Is entering year 3 of his rookie contract and won’t become extension eligible until after 2022.

Zack Martin, RG
His $20.1M cap hit is the most of any guard in football, and his 93.4 grade from PFF in 2021 ranks him 2nd. A full base salary restructure, adding on two void years, drops that figure to $11.6M.
Predicted Savings: $8.5M

La'el Collins, RT
Finished 2021 as a Top 15 tackle according to PFF, and more than half of his $10M salary is set to become fully guaranteed on March 20th. A full base salary restructure, adding on two void years, can drop his cap hit from $15.25M to $8.14M.
Predicted Savings: $7.1M

 

Defensive Line

Predicted Savings: $8M

DeMarcus Lawrence, DE
Is quickly becoming one of the more polarizing names this offseason, as local beats have him being Restructured, Extended, Cut, and Traded in parallel articles. He finished 2021 as the 4th graded edge defender according to PFF, but carries a certainly high $27M cap figure into 2022. With Randy Gregory a tag/extension candidate this month, it seems like that either he or Lawrence is let go this offseason in some way, shape or form.

  1. Do nothing, keep his $27M cap hit intact, making a 2023 trade or release extremely painless in terms of Cowboys’ dead cap ($11M).
  2. Restructure most of his $19M salary into a signing bonus, tacking on 2 void years to the end of the contract. This drops his 2022 hit to $12.69M, freeing up $14.3M of space.
  3. Trade or Release him prior to June 1st, freeing up $8M of space.
  4. Trade or Release him after June 1st, freeing up $19M of space.

Predicted Savings: $8M

Randy Gregory, DE
Pending UFA

Neville Gallimore, DT
Enters year 3 of his rookie contract and won’t be extension eligible until after 2022.

Carlos Watkins, DT
Pending UFA

 

Linebackers

Predicted Savings: $0M

Micah Parsons, LB
Enters year 2 of his rookie contract and won’t become extension eligible until after 2023.

Keanu Neal, LB
Pending UFA

Leighton Vander Esch, LB
Pending UFA

 

Secondary

Predicted Savings: $0M

Anthony Brown, CB
Enters a contract year in 2022, carrying a somewhat friendly $6.5M cap figure. Dallas would probably be looking to add a CB this offseason, but Brown’s role should be relatively safe. A small extension could lower this cap hit a bit ($1M-$2M), but with minimal financial impact, we’ll assume not for now.

Trevon Diggs, CB
Enters year 3 of his rookie contract and won’t become extension eligible until after 2022.

Donovan Wilson, S
Enters the final year of his rookie contract but could be pushed to a depth role if Dallas adds experience to this position.
Jayron Kearse, S
Pending UFA

 

Special Teams

Predicted Savings: $2.4M

Greg Zuerlein
Enters a contract year in 2022, carrying a $2.8M cap figure into the offseason. With $2.4M to be freed up in moving on, we’ll assume Dallas looks to get cheaper at this spot.
Predicted Savings: $2.4M

Bryan Anger
Pending UFA

Michael GinnittiFebruary 22, 2022

Kyler Murray, ARI, 24

2022 Cap Hit: $11,186,842

All we know is nothing, but speculation is enough reason to bear out the possible details here.

Most Likely Scenario:
Murray is signed to a $40M+ per year contract, reunites with his team on social media, and joins them in minicamp.

1% Possible:
The Cardinals trade Murray any time before training camp, taking on $5.9M of dead cap, freeing up $5.5M of space. The receiving team takes on a 1 year, $5.5M fully guaranteed contract, plus the right to his 5th year option for 2023.

 

Matt Ryan, ATL, 36

2022 Cap Hit: $48,662,500

The Falcons don’t yet have Ryan’s replacement on the roster, but that might change in the next few months. A $7.5M roster bonus due March 18th puts any kind of move into early focus.

Most Likely Scenario:
Ryan sticks with the Falcons for one more year, putting him on an expiring contract, with $28M to be freed up if they move on next offseason.

Slightly Possible:
The Falcons trade Ryan before March 18th, taking on an historic $40,525,000 dead cap hit - all in 2022, saving $8.1M of cap space. The receiving team would acquire a 2 year, $51.75M contract, including $23.75M in 2022.

 

Sam Darnold, CAR, 24

2022 Cap hit: $18,858,000

Darnold enters 2022 with a fully guaranteed $18.858M salary, and very little clarity as to his role with the Panthers.

Most Likely Scenario:
Despite a likely high draft selection of a QB this year from Carolina, Darnold is the Week 1 starter. He eventually gives way to the rookie sometime in 2022.

Slightly Possible:
Carolina finds a trade partner, but has to take on a portion of the salary to move him out. There are no restrictions to this process, meaning the Panthers can convert all the way up to $17.8M of the salary into signing bonus prior to trading him, sending along a minimum salary to the new team.

 

Baker Mayfield, CLE, 26

2022 Cap Hit: $18,858,000

Baker's injuries and inconsistent play have his future in question, but he should still be considered the starting QB for 2022 as of now.

Most Likely Scenario:
The Browns may try to reel in one of the big fish this spring (Rodgers, Wilson, Watson), but in failing to do so, run it back with Mayfield for 2022.

Slightly Possible:
Cleveland trades Mayfield to a QB-needy franchise (TB, IND, etc…) paving the way for Case Keenum to take the reins in 2022. The Browns might need to take on some of the $18.8M salary to ship him out.

 

Jared Goff, DET, 27

2022 Cap Hit: $31,150,000

With two first round picks, the Lions could be targeting Goff’s replacement in the next few months.

Most Likely Scenario:
Despite the pending draft selection, Goff sticks as an overpriced Lion for 2022.

Slightly Possible:
Detroit flips Goff before March 17th (when a $15.5M roster bonus is due), taking on a $15M dead cap hit, freeing up $16.15M. The receiving team takes on 3 years, $78.4M, including a fully guaranteed $26.15M for 2022. The contract would contain no dead cap in 2023 for the new team.

 

Aaron Rodgers, GB, 38

2022 Cap Hit: $46,664,157

It seems like the right time to move on. But in what fashion?

Most Likely Scenario:
Rodgers works with the GB front office to facilitate a trade to the team of his choosing (despite not owning a no trade clause), ensuring he’ll be in a situation that won’t make him retire instead of reporting to his new franchise.

If Pre June 1st, the Packers will take on a $26.8M dead cap hit in 2022, freeing up $19.8M of cap space. If Post June 1st, the Packers will take on $19.1M of 2022 dead cap, & $7.6M of 2023 dead cap, freeing up $27.5M of space this season.

The new team would immediately take on a 1 year, $27.5M non-guaranteed contract, certain to be converted into a new multi-year extension at or around the time of the trade.

Also Possible:
Rodgers retires from the NFL. Green Bay drops his $27.5M salary down to the minimum $1.12M, and carries him as an active roster player until June 1st, after which they place him on the reserve/retired list for the remainder of 2022. This process keeps his dead cap hit split as $19.1M for 2022, $7.6M for 2023.

 

Deshaun Watson, HOU, 26

2022 Cap Hit: $40,400,000

Watson shouldn’t even be considered an active roster player until his legal proceedings not only start - but come to a conclusion both with the court system, and the NFL.

Most Likely Scenario:
Watson is moved when the dust settles, leaving behind a $16.2M dead cap hit to the Texans, freeing up $24.2M of space. The receiving team takes on a 4 year, $132M contract, including a fully guaranteed $35M for 2022, and fully guaranteed $37M for 2023 (by March 20th). It should be noted that any future salary/bonus guarantees would be voided if Watson is suspended by the NFL for personal conduct.

Also Possible:
Watson’s career is over based on his legal verdict. All future salary guarantees will void, and the Texans will look to recoup $16.2M of his signing bonus. Houston would place him on the reserve/retired list on June 2nd, taking on a $5.4M dead cap hit in 2022, and a $10.8M hit in 2023.

 

Carson Wentz, IND, 29

2022 Cap Hit: $28,294,119

The Colts haven’t exactly been shy about their lack of intentions to run it back with Carson Wentz for 2022.

Most Likely Scenario:
Despite his late season troubles, Indy finds a trade partner, but must almost certainly take on some of his $28.3M compensation. With no additional dead cap on the contract, whatever salary is converted to bonus will become Indy’s property, while the remainder of the $28M will transfer to the receiving team, fully guaranteed. The remaining 2 years, $53.3M on the deal is non-guaranteed.

Also Possible:
Nobody bites, and Wentz is outright released prior to March 18th (when a $5M roster bonus is due and an additional $7M of salary fully guarantees). Indy takes on $15M of dead cap & cash, but with offsets available, could see that reduced should Wentz sign on elsewhere in 2022 (likely at the league minimum).

 

Kirk Cousins, MIN, 33

2022 Cap Hit: $45,000,000

The new regime in Minnesota seem to favor keeping Cousins, but everyone has a price.

Most Likely Scenario:
The Vikings not only keep Cousins, they extend his contract out another 2-3 years, lowering his cap hit significantly for the 2022 season. Cousins holds a $35M projection in our system, but something closer to $40M seems extremely likely.

Also Possible:
Minnesota trades Cousins to a QB needy franchise (PIT, IND, TB), ripping the band-aid off on what could be a full-blown rebuild. The move would leave behind just $10M of dead cap to the Vikings, freeing up $35M of space. A receiving team takes on a fully guaranteed 1 year, $35M contract, which will likely be extended out at or around the time of the trade.

 

Derek Carr, LV, 30

2022 Cap Hit: $19,877,519

Josh McDaniels and Co. seem thrilled about the chance to work with Derek Carr in 2022. But this remains a landing spot for a Rodgers or Wilson if the opporutnity arises.

Most Likely Scenario:
Carr not only sticks, but he's extended to a $40M per seasons multi-year contract.

Also Possible:L
The Raiders reel in a big fish to replace Carr, and trade him (possibly as part of the new QB deal). Las Vegas takes on no dead cap to move on from Carr, freeing up all $19.8M of space. The new team gets Carr at a non-guaranteed 1 year, $19.8M, with a new contract certain to follow.

 

Gardner Minshew, PHI, 25

2022 Cap Hit: $2.54M

Minshew is buried on the Philly depth chart, that could get even deeper with a big move this offseason.

Most Likely Scenario:
Minshew is traded for a better than 6th round pick, leaving behind $0 of dead cap to Philly. He brings with him a non-guaranteed 1 year, $2.54M contract.

Also Possible:
Minshew sticks in Philly, acting as a very capable backup option to Jalen Hurts for 2022. He’s slated for unrestricted free agency in 2023.

 

Jimmy Garoppolo, SF, 30

2022 Cap Hit: $26,950,000

Jimmy has all but confirmed that his time in SF has come to a close.

Most Likely Scenario:
The 49ers trade Garoppolo this offseason, taking on a $1.4M dead cap hit, freeing up $25.5M of much needed cap space. The receiving team takes on a 1 year, non-guaranteed $25.5M contract.

Also Possible:

San Francisco gets cold feet about Trey Lance, don’t convince Tom Brady to come out of “retirement”, and can’t strike a deal with their rival Packers to secure Aaron Rodgers for 2022. Garoppolo stays, restructures his contract, tacking on 4 void years to the deal while dropping his 2022 cap hit to $8.23M.

 

Russell Wilson, SEA, 33

2022 Cap Hit: $37,000,000

We haven’t heard a thing about Russell leaving Seattle for almost an entire year now. But crazier things have happened.

Most Likely Scenario:
Wilson stays, restructures his $24M salary, and opens up space for Seattle to add pieces at the start of free agency. A full restructure plus 3 void years, frees up $18.3M of space for the Seahawks.

Also Possible:
The trade list is pulled out of the drawer, and Seattle ships their franchise QB out of town prior to his March 20th roster bonus payment. The move leaves behind $26M of dead cap in 2022, freeing up $11M of space. A receiving team takes on a 2 year, $51M contract, with just the $5M roster bonus considered as upfront guarantee. The two sides likely hammer out a new contract at or around the time of the trade. Wilson currently projects to s $43M contract in our system.

 

Tom Brady, TB, 44

2022 Cap Hit: $20.2M

Is he, or isn't it?

Most Likely Scenario:
Tom Brady remains retired and quadruples his annual earnings via business ventures & investments. The Buccaneers place him on the reserve/retired list on June 2nd, leaving behind dead cap hits of $8M in 2022, & $24M for 2023

Slightly Possible:
Brady works with the Buccaneers to facilitate a trade (seemingly only to SF), running it back for one more season. Tampa Bay would want this move to happen after June 1st most likely, splitting their dead cap into $8M for 2022, $24M for 2023, freeing up $12.2M of space this season. Brady brings with him a 1 year, $10.8M contract to a new team - a ridiculous value for the 2021 passing leader.

 

Ryan Tannehill, TEN, 33

2022 Cap Hit: $38,600,000

Tennessee would probably like to upgrade here, but wanting and being able to are two very different things.

Most Likely Scenario:
Tannehill sticks in TEN for 2022, and restructures his salary to free up space for the Titans. A full salary restructure can free up $20M of 2022 cap space for Tennessee.

Slightly Possible:
Tennessee pulls a late spring move, trading Tannehill after June 1st. The move leaves behind $9.6M of dead cap in 2022, and another $18.8M in 2023, freeing up $29M in 2022. The receiving team takes on a fully guaranteed $29M in 2022, and a non-guaranteed $27M for 2023.

Michael GinnittiFebruary 21, 2022

The Chiefs roll into March with an estimated $3.7M of Top 51 cap space, including 4 cap figures north of $20M and 6th above the $12M mark. With LT Orlando Brown Jr., FS Tyrann Mathieu, CB Charvarius Ward, & EDGE Melvin Ingram headlining a strong list of pending free agents, KC will need to free up a healthy amount of room to consider keeping a few notable starters, especially as Orlando Brown's likely franchise tag will come with a $16.5M cap hit.

The following exercise shows how Kansas City can free up over $75M of cap space in the coming weeks via contract restrucutres, extensions, & releases. It should be noted that while the bottom line here sounds great, many of these moves will greatly impact the Chiefs' 2023 & 2024 salary cap tables, as taking from today adds to tomorrow. Will the Chiefs go "all-in" again for a chance to run through the AFC?

 

Related Pieces

Quarterbacks

Predicted Savings: $21.9M

Patrick Mahomes
Mahomes’ $35.8M cap hit currently ranks 7th in the NFL. His $27.4M roster bonus screams restructure, but the Chiefs need to be conscious of a potential breaking point in annually pushing his cap down the line. A full restructure of this bonus drops the 2022 cap hit to $13.8M ($22M saved), but it increases the next 3 cap figures up to $52.2M, $49.7M, & $51.7M respectively.
Predicted Savings: $21.9M

 

Running Backs

Predicted Savings: $0M

Clyde Edwards-Helaire
Isn’t extension eligible until after 2022, and that notion seems far-fetched at the present time anyway. Jerick McKinnon & Darrel Williams are headed for free agency, while Derrick Gore can be brought back at an $825,000 minimum.
Predicted Savings: $0M

 

Wide Receivers

Predicted Savings: $11.9M

Tyreek Hill
Enters a contract year in 2022 with 1 year, $18M remaining.

  1. Do nothing, keep his $20.6M cap hit intact, and utilize a tag after 2022 should the desire to keep him thereafter still exist.
  2. Restructure his $15M of offseason bonuses into a signing bonus, tacking on 4 void years to the end of the contract. This drops his 2022 hit to $8.68M, freeing up $11.9M of space.
  3. Trade him this offseason prior to camp, freeing up $18M of space.
  4. Extend him to a projected 4 year, $88M extension, converting his $15M of offseason bonus into a signing bonus, which drops his 2022 cap hit to $8.6M, freeing up nearly $12M.

Predicted Savings: $11.9M

 

Tight Ends

Predicted Savings: $0M

Travis Kelce
Kelce’s $6.5M salary can certainly be restructured to free up a bit of space, but his $8.8M cap figure is likely deemed “friendly” enough to keep where it is for 2022. Kelce’s 2023 cap figure jumps to $14.65M, so we’ll wait a year to mess with this contract some more.
Predicted Savings: $0M

 

Offensive Line

Predicted Savings: $7.1M

Orlando Brown Jr.
Brown is headed for a $16.5M tag, which will further add to the Chiefs early cap limitations.

Joe Thuney
Enters year two of his contract as a prime restructure candidate. Converting his $13.5M base salary into bonus (adding a void year) drops his cap figure from $17.8M to $10.7M.
Predicted Savings: $7.1M

Creed Humphrey
Enters year two of his rookie contract, and won’t become extension eligible until after 2023.

Kyle Long
Pending UFA

Mike Remmers
Pending UFA

 

Defensive Line

Predicted Savings: $28.4M

Chris Jones
Enters year 3 of a 4 year contract, including a $29.4M cap hit for 2022. His $18M roster bonus is already fully guaranteed, and the remaining $4.25M cash locks in March 18th. A full restructure of that roster bonus + 3 void years can free up $15M of cap this year, but it also sends his 2023 cap hit north of $30M. KC may opt to rip up the final two years and start fresh with a new contract, but for purposes of this exercise, we’ll assume the bonus conversion.
Predicted Savings: $15M

Frank Clark
With a $26.3M cap hit, Clark’s roster spot is in question for 2022. An outright release before June 1st frees up $13.4M, while a cut after can open up $19.85M. If the plan is to keep him, a full restructure of his $19M base salary + 3 void years opens up $14.3M of 2022 cap space.
Predicted Savings: $13.4M

 

Linebackers

Predicted Savings: $8.4M

Nick Bolton
Enters year two of his rookie contract and won’t become extension eligible until after 2023.

Anthony Hitchens
Is a slam dunk cap casualty candidate, with a $12.6M cap figure and $4.2M of dead cap to boot.
UPDATE: The Chiefs officially released Hitchens 2/23
Confirmed Savings: $8.4M

Willie Gay Jr.
Enters year three of his rookie contract and won’t become extension eligible until after 2022.

 

Secondary

Predicted Savings: $0M

3 of the 4 starting defensive backs from 2021 are slated for free agency, meaning there will be much more adding than subtracting at this position group over the next few weeks. An extension for Juan Thornhill could be in the cards.

 

Special Teams

Predicted Savings: $0M

Harrison Butker
Remains one of the best kickers in football and has 3 yrs, $11M remaining on his contract, including a $4.2M cap hit for 2022. About $1.76M could be freed up with a full salary restructure + two new void years, but that seems like a last ditch move as needed.
Predicted Savings: $0

Tommy Townsend
Enters the final year of an undrafted rookie contract on a near minimum $897k.
Predicted Savings: $0

Michael GinnittiFebruary 18, 2022

As the sky is blue, the New Orleans Saints enter the offseason will in the red in terms of projected cap space. At the time of this piece, Spotrac estimates a $76.1M overage with 57 players under contract, and less than a month until the official start of the 2022 league year. As we did with the Super Bowl Champion Rams, we'll take a crack at freeing up ample cap space for the Saints, by way of (many) restructures, a few contract extensions, & a release or two.

 

Related Pieces

Quarterbacks

Predicted Savings: $7.1M

Taysom Hill
Has a $9M roster bonus due March 20th that’s already fully guaranteed. With his $9.9M 2023 base salary soon to fully guarantee as well, it makes sense for New Orleans to convert the roster bonus, add a void year to the back end of the contract, and free up space.
Predicted Savings: $7.1M

 

Running Backs

Predicted Savings: $8.3M

Alvin Kamara
Dropping Kamara’s $5.5M fully guaranteed salary down to the minimum and converting his $6M roster bonus while tacking on a void year frees up over $8M. Dropping his base salary to the minimum also means 4x less pay forfeited should he be suspended.
Predicted Savings: $8.3M

 

Wide Receivers

Predicted Savings: $11.9M

Michael Thomas
Has 3 years, $52M remaining on his contract, but hasn’t seen legitimate action since 2019. The dead cap on his deal says he stays 1 more seasons, but here are the options:

  1. Do nothing, keep his $24.7M cap hit intact, and free up significant savings in 2023 should the two sides split after the 2022 season.
  2. Simple restructure his $15.35M base salary & $450,000 offseason bonuses, adding two void years to the back end of the contract, dropping his 2022 cap figure to $12.8M.
  3. Trade or Release him immediately, freeing up a measly $2M of cap space.
  4. Trade or release him after June 1st, freeing up $15.35M of cap space.

Predicted Savings: $11.9M

 

Tight Ends

Predicted Savings: $1.57M

Nick Vannett
75% of Vannett’s 2022 salary is already fully guaranteed, so while the savings aren’t great, it makes sense to convert what’s available and free up the cap anyway. A base salary + $400,000 roster bonus restructure + 3 void years clears $1.57M
Predicted Savings: $1.57M

 

Offensive Line

Predicted Savings: $25.8M

Terron Armstead
Is a pending UFA who will leave behind $13M of dead cap if the Saints allow his contract to void on March 16th. Extending their left tackle won’t be cheap, but it’s probably the right move for plenty of reasons. He projects to a 4 year, $96M contract in our system, which if structured properly can put $30M in his pocket this year, and drop the $13M cap charge down into the $11M range.
Predicted Savings: $2M

Andrus Peat
Would be a release candidate in a perfect world, but his $10.85M salary is already fully guaranteed, so barring a trade (possible), New Orleans will focus on a restructure. Tacking on 2 void years frees up over $9M.+
Predicted Savings: $9.3M

Erik McCoy
Is entering a contract year for his rookie contract with an expected salary boost thanks to the Proven Performance Bonus. There’s $2.8M to be saved here if the Saints move on, but it seems likely he sticks for 2022.

Cesar Ruiz
Enters year 3 of his rookie contract carrying a $3.4M cap hit. He may be asked to move to guard should the Saints move on from Erik McCoy. 

Ryan Ramczyk
Is a prime restructure candidate for both his base salary & roster bonus, a move that would drop his cap hit from $23M to $8.4M.
Predicted Savings: $14.5M

 

Defensive Line

Predicted Savings: $21.78M

Cameron Jordan
Still a Top 10 edge rusher, a 3rd consecutive restructure comes with risk, but it’s likely a necessity right now. His $23.1M cap figure can be dropped to $11.8M by tacking on two void years with a full restructure of his base salary, roster bonus, workout bonus, and a new condition to his incentives that make them not likely to be earned.
Predicted Savings: $11.3M

David Onyemata
Enters a contract year in 2022 currently carrying a $13.17M cap figure. That hit can be reduced to $7.19M with a base salary + roster bonus restructure, while adding on 3 void years.
Predicted Savings: $5.97M

Marcus Davenport
Projects to a 4 year, $94M extension in our system. If we assume a $20M signing bonus, we can drop the current cap hit from $9.5M to $5M.
Predicted Savings: $4.5M

 

Linebackers

Predicted Savings: $5.1M

Demario Davis
Was a Top 8 linebacker in 2021 according to PFF and holds $10.5M of dead cap against an $11M cap hit for 2022. His $7.5M base salary can be dropped to the $1.1M minimum, freeing up $5.1M if two void years are tacked on.
Predicted Savings: $5.1M

 

Secondary

Predicted Savings: $32.8M

Marshon Lattimore
Represents the biggest potential savings with his “baked-in” restructure. Lattimore’s $9.1M salary & $15M roster bonus can be converted to signing bonus, freeing up $18.4M of space.
Predicted Savings: $18.4M

Malcolm Jenkins
Is both a restructure and a trade/release candidate this offseason. An early March trade/release frees up $3.8M of cap, while a Post June 1st designated release would open up $7.75M. If the plan is to keep him, a base salary & roster bonus restructure with 3 void years tacked on can clear $4.9M of cap space.
Predicted Savings: $4.9M

Bradley Roby
The 30 year old holds a $10.1M cap hit, $9.5M of which can come off the books with an early March release. This moved is largely expected.
Predicted Savings: $9.5M

 

Special Teams

Predicted Savings: $2M

Wil Lutz
Lutz missed half of 2021 with injury. Factor in a $5.5M cap hit and no upfront guarantees on his contract, and an outright release might be possible here. Doing so in early March only frees up $1.73M however, whereas an outright restructure of his salary and offseason bonuses can clear over $2M. We’ll assume that route for now.
Predicted Savings: $2M

Michael GinnittiFebruary 16, 2022

The Super Bowl Champion Rams enter the 2022 offseason with -$10M of projected cap space, and 48 players under contract, turning our immediate focus to just how much of this team can run it back next year. We'll take a deep dive into the contract status for every notable starter from 2021, discussing options to restructure, extend, trade, or release where applicable, and the predicted savings to the salary cap based on moves we anticipate could be made.

In essence, here's our look at how the Los Angeles Rams can free up nearly $100M of cap in the coming weeks.

 

Related:

Quarterbacks

Predicted Savings: $17.5M

Matthew Stafford
With 1 year, $23M remaining on his contract, the Rams have 3 legitimate options here:

  1. Do nothing. Live with the $23M cap hit and let Stafford play into a contract season for 2022.
  2. Restructure the $23M into a signing bonus, adding 4 void years to spread the cap out, lowering his 2022 cap figure down to $5.5M.
  3. Extend him out to a new contract (projected at 4 years, $168M), hoping he’ll follow the path of Brady & Brees in taking a significant discount (4 years, $120M?) to help the team.

Predicted Savings: $17.5M

 

John Wolford, Bryce Perkins
Wolford remained the QB2 through 2021, and can be brought back at a minimum $895,000 for 2022. Perkins is under contract at a minimum $825,000, putting both in line to stick around if the Rams choose to keep 3 QBs again.

 

Running Backs

Predicted Savings: $0

Cam Akers
Has 2 years, $2.6M remaining on his rookie contract, none of which is guaranteed. He doesn’t become extension eligible until after 2022.

Darrell Henderson
Became extension eligible after 2021, but with back to back injury filled seasons, it seems likely he’ll be asked to play out the 1 year, $1M remaining on his rookie contract before decisions are made.

Sony Michel
Is slated for unrestricted free agency, likely to end up in a new spot for 2022. Michel carries a $5M valuation into the offseason.

 

Wide Receivers

Predicted Savings: $20.9M

Cooper Kupp
Has 2 years, $29.125M remaining on his contract, a steal considering new WR contracts are filing in at around $25M per year. His $18.675M cap hit for 2022 is on the high side, putting a few options on the table for LA:

  1. Do nothing, give this contract another year to breathe before ripping it up and going big prior to 2023, when the league cap is expected to skyrocket.
  2. Simple restructure his $14.875M base salary, adding another void year to the back end of the contract, dropping his 2022 cap figure to $7.6M.
  3. Extend Kupp (currently projected at 4 years, $96M), locking him in for then next 3 years, while lowering his 2022 cap hit for team purposes.

Predicted Savings: $11M

Robert Woods
Has 4 years, $60.5M remaining on his contract, recovering from an ACL injury suffered in Week 11, but will certainly be back in the fold once he does so. His $3.5M roster bonus for 2022 is already fully guaranteed, and his $10M upcoming salary locks in on March 20th. If both of these figures are restructured, Woods’ cap hit for 2022 can be dropped from $15.7M to $5.7M.
Predicted Savings: $9.9M

Odell Beckham, Jr.
The torn ACL is brutal news for both he and the Rams, as the two sides really did appear to be a match-made-in-heaven scenario in their short time together. Will Les Snead throw OBJ a bone in offering a 2 year contract with a near minimum salary ($1.12M) for 2022 as he recovers, then a boost in pay for 2023 with plenty of incentives to build up his earnings as the production comes in? Beckham was trending toward a $12M-$15M per year contract before the injury.

Van Jefferson
Has 2 years, $2.4M remaining on his rookie contract and doesn’t become extension eligible until after 2022. He’ll be back with a bigger role

 

Tight Ends

Predicted Savings: $4.1M

Tyler Higbee
Was missed in Super Bowl 56 (knee), and should be brought back for 2022. His $8M+ cap figure however likely needs to be addressed. With 2 years, $12.8M remaining on his contract, an outright extension isn’t likely, but a simple restructure fits the bill here. Reducing his $6.25M base salary down to the minimum $1.035M, while tacking on 3 void years to the back of the contract can reduce that 2022 cap figure by $4.1M
Predicted Savings: $4.1M

Brycen Hopkins
Has 2 years, $1.9M remaining on his rookie contract (none of it guaranteed), and carries a cap figure just north of $1M for 2022. He should be back.

Kendall Blanton
Holds a minimum $895,000 salary for 2022 and should factor as inexpensive depth.

 

Offensive Line

Predicted Savings: $16M

Andrew Whitworth
The 40 year old left tackle was sensational yet again in 2021, but has all but said out loud that he plans to walk away from the game on top this offseason. Whitworth has 1 year, $16M left on his contract, including a $5.5M roster bonus due March 18th. If he steps away before that, the Rams can free up $16M of cap & cash by adding him to the reserve/retired list prior to that date.
Predicted Savings: $16M

David Edwards
Is entering a contract year in 2022, and is projected to get a salary boost up to $2.79M thanks to the proven performance bonus system. His $2.8M cap hit is still plenty of value for a starting left guard. Edwards is a mild extension candidate this offseason.

Brian Allen
Is a pending free agent, and a Top-10 rated center according to PFF. He’s a $6M player according to our valuation system, and should be highly considered to be brought back by the Rams.

Austin Corbett
Is a pending free agent, and the #22 ranked guard according to PFF. He’s a $9M player according to our valuation, and an extension candidate - but the Rams could look to add a few interior lineman via free agency for both upgrade and depth purposes.

Rob Havenstein
Enters a contract year in 2022, set to make $7.25M on a $9.5M cap figure. Havenstein was the 9th ranked tackle in football according to PFF, and Top-3 right tackle in this regard, making him an extension candidate this offseason. Bryan Bulaga’s 3 year, $30M deal with the Chargers is inline with his valuation.

 

Defensive Line

Predicted Savings: $15.5M

Aaron Donald
Has 3 years, $52M remaining on his contract, including $14.25M cash & a $26.75M cap figure for 2022. Will he retire? Will the Rams blow out a massive 2 year extension? Will they offer a new signing bonus + a simple restructure to quantify the player and maximize the cap?

  1. He retires. There's a $5M March 17th roster bonus, so the Rams would want a quick decision from Donald in this regard. LA would likely need to carry his $26.75M cap hit until June 1st, at which time they can place him on the reserve/retired list, dropping his 2022 cap figure to $12.5M (assuming they discard the $5M bonus), leaving $9M of dead cap to be taken on in 2023. This is obviously not an ideal football or business option for the Rams.
  2. Do Nothing. The $26.75M cap figure seems too high to go this route, but it’s not unheard of.
  3. Tack on a 2 year, $50M extension, much of which comes via an upfront signing bonus, slightly lowering this year’s cap (but not by much thanks to $12.5M of proration already baked into the cake).
  4. Rebuild this contract as 3 years, $60M, offering him a $20M per year hook to hang his hat on, while keeping the team cap and cash flow somewhat healthy in the process. An $18M signing bonus spread out over 5 years (2 void years) plus a $1M pay bump in each of 2023 & 2024 (fully guaranteed) might be attractive enough for Donald. That’s a straight $20M cash per year, and nearly $9M of cap savings to the Rams in 2022.
  5. Simple restructure his 2022 compensation, lowering his 2022 cap hit to $16.2M, freeing up $10.5M.

Predicted Savings: At least $9M

Greg Gaines
Should see a slight bump up on his final year base salary thanks to the Proven Performance Bonus system, now projected to carry a $2.7M cap hit. Is he a trade/release candidate to free up $2.5M of space? Seems more likely that Gaines is kept and A’Shawn Robinson is moved on from here.

A'Shawn Robinson
Has 1 year, $8M remaining on his contract, including a $9.5M cap figure. He was the #11 ranked interior defender according to PFF, putting him in extension candidate conversation. Is he also a trade candidate? Moving on before March 20th means $6.5M saved, but he’s probably too valuable to this defensive line to make that a real thought at the moment. Restructuring his base salary & roster bonus (adding 3 more void years) can lower his cap hit from $9.5M to $3.9M. As an extension candidate, Robinson projects toward Grover Stewart’s 3 year, $31M deal in Indy.
Predicted Savings: $6.5M via trade/release

 

Linebackers

Predicted Savings: $12.3M

Leonard Floyd
Enters year 2 of his 4 year $64M extension, leaving 3 years, $48M to go, including $16.5M fully guaranteed through 2022. He’s a slam dunk restructure candidate this March, a move that would lower his current cap hit from $20M to $7.6M.
Predicted Savings: $12.3M

Ernest Jones
The 3rd rounder enters year 2 of his rookie contract that has 3 years, $3.2M remaining on it (none of guaranteed). He won’t be extension eligible until after 2023.

Troy Reeder
Is slated for restricted free agency, likely headed for a $2.4M right of first refusal tender. He should be able stick at this price point.

Von Miller
Is slated for unrestricted free agency, and has already made it clear he plans to test the waters a bit. Is a return to Denver possible should they find an upgrade at the QB position? At nearly 33 years old, his days of cashing in are likely over, though statistically speaking Miller still projects to a $10M per year deal. 

 

Secondary

Predicted Savings: $11.1M

Jalen Ramsey
Has 4 year, $70M left on his massive contract, including $7.5M fully guaranteed in 2022, and another $12.5M that locks in March 20th. Ramsey restructured his base salary last season, pushing his cap figures up over $23M+ each for the final 4 seasons, but that likely doesn’t stop the Rams from doing it again this March. A full base salary restructure lowers his 2022 cap figure from $23.2M to $12M, freeing up $11.1M of space.
Predicted Savings: $11.1M

Darious Williams
Is slated for unrestricted free agency, and should be allowed to test the open market despite the Rams’ lack of depth at the cornerback position. Williams was once on pace for a top-tier CB contract before his play suffered a bit in 2021. He finished the season as the #64 ranked CB according to PFF.

Taylor Rapp
Enters a contract year in 2022, including $2.54M cash and a $2.9M cap hit. It’s very likely he’s asked to play out his contract before future decisions are considered.

Jordan Fuller
Enters year 3 of his rookie contract that includes 2 years, $1.9M remaining (none guaranteed). He’ll be extension eligible after 2022, and after a #19 rating from PFF last season, has a chance to make a decent bit of coin.

 

Special Teams

Predicted Savings: $2M

Johnny Hekker
The 32-year-old looked human at times in 2021, putting his 2 years, $5.2M remaining contract in a bit of question. There’s $2M+ to be freed up by moving on, and if the cap remains an issue late into the spring, this could be a surprise move.
Predicted Savings: $2M

Matt Gay
Is slated for restricted free agency, likely headed for a $2.5M tender in the coming weeks. It’s highly possible the Rams look to upgrade here.

Michael GinnittiFebruary 11, 2022

THE CAP IS A MYTH. No, it really exists, it’s just extremely fluid and able to be manipulated at a moment’s notice. With that said, as quarterback contracts continue to rise at the rate they have been, any team with a well-paid player at the position will eventually need to come to a “reckoning” point with the salary cap hits of that particular contract (even if they kick the can down the road 4-5 times).At some point in the near future, a QB with an absurdly high cap hit will go on to win the Super Bowl. But until that happens, we offer you the following (visual breakdown below):

 

Percentage of League Salary Cap

One of the metrics we track is the percentage of league salary cap that each player represents based on their own cap hit in a given year. In this regard, we can compile a list of all the starting QBs to make a Super Bowl, and their respective cap percentage.

 

The Highest Cap Percentages to Reach a Super Bowl

Going back to the year 2000, the QB who reached the Super Bowl with the highest percentage of league salary cap is Peyton Manning, whose $23.2M cap hit in 2009 represented 18.8% of the league cap. The Saints beat the Colts that year.

 

Top 10 Super Bowl QB Cap Percentages

  • 2009: Peyton Manning (IND): 18.8%
  • 2016: Matt Ryan (ATL): 15.3%
  • 2013: Peyton Manning (DEN): 14.16%
  • 2021: Tom Brady (TB): 12.61%
  • 2018: Tom Brady (NE): 12.42%
  • 2015: Peyton Manning (DEN): 12.21%
  • 2011: Eli Manning (NYG): 11.71%
  • 2014: Tom Brady (NE): 11.13%
  • 2011: Tom Brady (NE): 10.76%
  • 2007: Eli Manning (NYG): 10.75%

 

What About Winning the Super Bowl?

At 12.61%, Tom Brady’s 2021 Super Bowl victory with the Buccaneers made him the highest cap-percentage quarterback to ever win the game, surpassing his 2018 victory with the Patriots, when he represented 12.42%.

 

This Metric On Average

Since 2011, the median cap percentage for a QB reaching the Super Bowl is 8.97%. The median cap percentage for a QB to win the Super Bowl is 10%.

In the past 10 Super Bowls, 5 of the winning QBs represents less than 10% of the cap (with Nick Foles at 0.96% being the outlier), and 5 were above 10% (all named Brady or Manning).

 

Where Do Matthew Stafford & Joe Burrow Stand?

This year’s final two QBs certainly fall in line with the trends, as Matthew Stafford’s $20M cap figure in LA represents 10.96% of the league cap, while Joe Burrow’s 2nd year figure calculcates to just 4.51%. If Burrow were to win the Super Bowl, the median figure for winning QBs since 2011 will drop to 8.8%, falling under the median for losing QBs (which would increase to 9.07%).

This would further enable the point that putting too many chips into one basket is risky business, even if that basket (a.k.a the Quarterback) represents one of the most important positions in all of sports.

 

BUT WAIT

We spent so much time this year discussing the Carson Wentz situation & how he left a $33M dent on the Eagles' salary cap this year, but we've glossed over how the Ram's have not only been in a similar situation - but with far bigger numbers.

If we include ALL QB cap hits for 2021 (active, reserve list, practice squad, & dead cap), the Rams hold the most Quarterback cap in the NFL by a wide margin. In fact, the $46.2M allocated to Rams' QBs in 2021 is the 2nd most of all-time, behind the 2020 Colts. ($56.5M), who were still reeling from Andrew Luck's retirement, a careless Jacoby Brissett extension, & a cup of coffee for Philip Rivers

Team 2021 QB Cap Totals
LAR $46,225,001
PHI $37,559,882
DET $36,042,071
SEA $33,773,568
MIN $33,339,536
SF $33,049,545
GB $30,175,311
PIT $29,862,266
ATL $29,488,722
CAR $29,441,484
LV $27,956,600
WAS $25,828,131
HOU $23,816,002
IND $22,992,173
NO $22,675,118
DAL $19,184,387
CLE $18,437,906
CHI $15,162,197
TB $13,885,680
BUF $13,832,497
NYJ $13,522,745
TEN $12,259,374
MIA $12,173,713
ARI $11,558,438
CIN $10,348,725
KC $9,608,709
JAC $9,118,901
NYG $8,947,584
NE $8,439,207
LAC $8,035,017
DEN $7,910,105
BAL $4,266,390

 

A Breakdown of Our Quarterback Super Bowl Cap Data

Michael GinnittiFebruary 10, 2022

With the NFL offseason all but here, a fun look at 10 (sure to be wrong) bold trade, release, & extension predictions for a few notable players heading toward the 2022 league year.

Listen to this Segment

 

The Broncos acquire QB Aaron Rodgers & WR Davante Adams from the Green Bay Packers for 2 first round picks, 2 second round picks, WR Jerry Jeudy, & QB Drew Lock

Before you scream “that’s way too much!”, remember that the Jaguars received 2 first round picks and a 4th round pick for Jalen Ramsey, and the Lions received 2 first round picks, a 3rd round pick, & Jared Goff for Matthew Stafford. It’s going to take a haul to get both of those players out of Green Bay simultaneously, but if Denver truly is all in (as their recent moves suggest), then this is the icing on that cake.

The problem? Acquiring Aaron Rodgers on his current contract, & Davante Adams on his pending franchise tag means taking on $47.6M of cap at the time of this trade. The Broncos currently possess an estimated $39M of room, so getting to this number is feasible, as long as extensions are penciled in to reduce their 2022 cap hits to much more team-friendly figures immediately following.

Jerry Jeudy holds 2 yrs, $3.5M plus a 5th year option on his rookie contract, while Drew Lock will be entering a contract year, bringing over a non-guaranteed $1.45M salary.

Also Maybe: Both stay in GB for Brinks trucks.

 

The New England Patriots acquire WR Amari Cooper & a 2nd round pick from the Dallas Cowboys for CB J.C. Jackson

There’s a world where the Patriots lose more pieces than they gain this offseason, as quite a few question marks currently hang over the offensive line and the defensive secondary. But there’s a sense that Mac Jones simply needs one more legitimate weapon to really open up the Pats’ spread passing game, and Amari Cooper’s contract & production level appear enough of a problem for Dallas to consider this move. Jackson is a pending UFA, and while New England likely wants no part of a $17.5M franchise tag, if they sniff a tag and trade scenario like this, it will certainly be worth their early March cap troubles.

Cooper’s contract contains 3 years, $60M left, but just a $20M salary in 2022 contains upfront guarantees (fully vests March 20, 2022). New England can acquire and restructure this contract as needed for cap purposes.

Also Maybe: The Patriots get Jackson back on a team friendly $12M per year deal, cuz, Patriots.

 

The San Francisco 49ers trade QB Jimmy Garoppolo to the Tampa Bay Buccaneers for a 2nd round pick & a 3rd round pick.

Jimmy Garoppolo’s exit from SF seems inevitable, and as 2022 rosters begin to shake out, there’s a world where 4+ teams could be vying for his services soon (TB, PIT, CAR, WSH to name a few).

He carries a 1 year, $25.5M contract with him currently, but a restructured extension seems likely, if for nothing more than cap relief in the upcoming season. Ryan Tannehill’s recent contract (4 yrs, $118M) in Tennessee seems the right model for a Garoppolo extension once the two sides feel comfortable in doing so.

Also Maybe: Steelers acquire Garoppolo, but no extension (yet).

 

The New Orleans Saints move on from 2x All-Pro WR Michael Thomas, designating him a Post June 1st release.

Michael Thomas still might hold trade value, but with $15.35M set to become fully guaranteed on March 18th, New Orleans will want to make a quick decision on their former WR1. A pre-June 1st trade will mean $22.7M of dead cap in 2022, still $2M of savings, but maybe not the most ideal business move (barring a great trade return of course).

Assuming the release designation, the Saints will lower his base salary to $1.035M, remove his March 20th roster bonus, & his workout bonus, lowering his cap hit to $9.9M. They’ll carry this figure until June 2nd, at which point the release will become official, leaving behind dead cap hits of $8.9M for 2022, & another $13.8M in 2023. Thomas will be eligible to sign with a new team as soon as the Saints designate him to be released (March 16-17th).

Also Maybe: Bears offer a late-mid round pick to take a flier on Thomas.

 

The Las Vegas Raiders extend QB Derek Carr to a 4 year, $150M contract, including $90M guaranteed at signing

Derek Carr’s never going to be considered for the Top Tier of QBs in this league, but he’s done enough to warrant another contract, and a chance to turn his production into playoff wins with the new Raiders’ regime. Josh McDaniels has done wonders with players of Derek Carr’s capacity in the past, so there’s reason to believe this situation can work out nicely, barring a few major additions to the rest of the roster.

Assuming the $90M guaranteed is spread across the next three seasons, this should be a relatively low risk extension for the Raiders going forward.

Also Maybe: Josh McDaniels needs a minute to see this through.

 

The Buffalo Bills acquire RB Christian McCaffrey from the Carolina Panthers for Cole Beasley, a 3rd round pick, & a 5th round pick

The Panthers insist he’s not actually on the trade block, but it seems reasonable that the right price could peak their interest. In terms of the Bills, there are a few matches here. First, Christian McCaffrey stands to switch more into a “slot receiver” role wherever he plays in 2022, so replacing Cole Beasley with him in this move holds logic. While Devin Singletary showed he’s got RB1 production in him, his ability to catch the ball out of the backfield still remains suspect at best. Finally, the Bills just hired Joe Brady as their new QBs coach, drawing an immediate tie to McCaffrey per his time as the Panthers’ OC.

Also Maybe: McCaffrey to the Dolphins, Bills acquire a WR2 (Calvin Ridley, D.J. Moore)

 

The Baltimore Ravens acquire WR Calvin Ridley from the Atlanta Falcons for CB Marcus Peters & a 2nd round pick, & a 4th round pick

Calvin Ridley stepped away from Atlanta for personal reasons 5 weeks into the 2021 season, leaving his future there considerably unclear. If a change of scenery is what he desires, it makes sense for the Falcons to secure a Top 60 draft pick for him ASAP. Ridley carries an $11.1M fully guaranteed option salary for 2022, so an extension will be in his immediate future, though his time away last season likely pumps the brakes on that out of the gate. Enough demand for him on the trade block, despite a small risk that he might not be long for the game, could easily drive his price tag up to a 1st round pick.

Marcus Peters has 1 year, $10M (non-guaranteed) remaining on his current contract, and is recovering from a terrible ACL injury suffered just prior to the 2021 opener. Atlanta will have the opportunity to work him back on a “prove it” deal (possibly with a pay cut), with a chance to keep him long-term at a position currently in need of much improvement.

Also Maybe: Bills, Jaguars - many teams assuming Ridley shows an interest to play.

 

The Minnesota Vikings acquire CB Xavien Howard from the Miami Dolphins for two 2nd round picks

The 49ers also desperately need help in their secondary, but they probably don’t possess the draft capital to put up against many other teams, especially if this price tag soars to a first round pick level. The rage in Minnesota will likely focus around the QB position this offseason, but this was nearly a Top 10 offense living with a nearly last place defense for most of 2021. So adding a few bigtime defenders could be a quick fix for this organization.

Xavien Howard has 3 years, $39M left on his current contract, but only $6.7M is fully guaranteed right now. Any kind of movement likely means ripping that up and starting over, to the tune of 4 years, $87M - his current projection in our system.

Also Maybe: Dolphins add not subtract, forcing their hand into a major extension for Howard.

 

WR Allen Robinson returns to the Jacksonville Jaguars on a 4 year, $75M free agent contract

The Jaguars desperately need help in the trenches on both sides of the ball, but it seems likely they’ll look to the draft for that as more of a long-term investment to align with Trevor Lawrence, but in the interim, getting the QB1 new toys to play with should be a priority, and a familiar face in Allen Robinson offers both high ceiling, and a bit of value based on his projected contract.

Also Maybe: Cleveland, Baltimore, Jets

 

The Kansas City Chiefs release both DE Frank Clark & LB Anthony Hitchens in cap casualty moves

The Chiefs are up against the cap threshold heading toward the 2022 league year, but do have multiple ways to free up space (restructures to Patrick Mahomes/Chris Jones, extending Tyreek Hill).

With 4.5 sacks and 2 forced fumbles, Frank Clark still made an impact in 2021, but it seems his contract is now too rich for his expected production. An early release frees up $13.4M of cap space.

With $12.7M to be saved, and a breakout season from Nick Bolton, Hitchens seems a lock to be moved on from this offseason.

Also Maybe: Clark accepts a pay cut to stick around for 2022.

Michael GinnittiFebruary 07, 2022

Our NFL offseason series continues with a look at the tight end position for each team heading into 2022, making note of potential TE1/TE2 possibilities, notable extension candidates, players heading to free agency, restructure candidates, and plenty more.

Spotrac's Offseason Position Pieces

 

Arizona Cardinals

TE1: UFA | TE2: UFA
The three most utilized tight ends by the Cardinals in 2021 (Zach Ertz, Maxx Williams, Demetrius Harris) are slated for free agency this March, making this a major position of need for Arizona. At 31 years old, Ertz will have has eyes on top TE money, but it’s hard to see him pushing close to that based on recent production. Ertz projects to a 2 year, $15M deal, while 27 year old Maxx Williams values toward a 3 year, $20M contract.

 

Atlanta Falcons

TE1: 3 yrs, $11M (+opt) | TE2: UFA
Kyle Pitts appears to be exactly what they hoped for in a highly drafted offensive weapon, but there will be open competition for the depth behind him this offseason. The Falcons have cap issues so this likely won’t be a splashy add spot.

 

Baltimore Ravens

TE1: 4 yrs, $48M | TE2: 2 yrs, $11M
Baltimore boasts one of the most expensive tight end groups in the league. Both Mark Andrews (obviously) &  Nick Boyle ($3M fully guaranteed) should be back in the fold for 2022, while former 3rd round pick Josh Oliver is set to enter a contract year.

 

Buffalo Bills

TE1: 1 yr, $2.5M | TE2: 1 yr, $965k
Dawson Knox doubled his catches and yards, while tripling his touchdown total from 2020 to 2021. He’s entering a contract year in 2022, projecting to a 3 year, $25M extension. Behind him Tommy Sweeney likely needs to be upgraded upon this offseason.

 

Carolina Panthers

TE1: 3 yrs, $3.2M | TE2: UFA
Carolina only targeted their top two tight ends a combined 65 times in 2021, with 35 going to Tommy Tremble & 30 to Ian Thomas (UFA). The Panthers have plenty of holes to fill, but there’s a need for a legitimate playmaker at this position sooner rather than later.

 

Chicago Bears

TE1: 2 yrs, $2.9M | TE2: UFA
After a sluggish rookie season, Cole Kmet took a big step forward in 2021, grabbing 60 balls for over 600 yards, though he failed to reached the end zone. Jimmy Graham & Jesse James are both slated for free agency behind him.

 

Cincinnati Bengals

TE1: UFA | TE2: 1 yr, $1.2M
C.J. Uzomah is finishing up a 3 yr, $18M contract and is due for a raise, currently valuing north of $10M per year. His chemistry with Joe Burrow seems worthy of an extension in the coming weeks. Drew Sample is a viable depth piece under contract through 2022.

 

Cleveland Browns

TE1: 2 yrs, $19M | TE2: UFA
Austin Hooper’s production in Cleveland has been nearly half of what he offered as a member of the Falcons, and a $13.25M cap hit for 2022 puts his contract in a bit of question. The Browns would need to designate him a Post June 1st release to get a decent amount of savings ($9.5M). Behind him David Njoku might have done enough to be brought back on a multi-year extension, while Harrison Bryant (2 yrs, $1.9M) offers good bang for buck.

 

Dallas Cowboys

TE1: UFA | TE2: 2 yrs, $11M
Dalton Schultz ran with the TE1 spot over the past few seasons, and enters the offseason as maybe the top potential TE free agent, projecting to a 4 year, $51M contract. To fit a deal like that in, Dallas could move on from Blake Jarwin, freeing up almost $4M of space.

 

Denver Broncos

TE1: 1 yr, $2.2M (+option) | TE2: 2 yrs, $1.9M
Noah Fant is one of the better TE weapons in the game, and is now extension eligible. While the Broncos focus on upgrading their QB position, a 4 year, $55M extension for Fant could be in the cards as well. Behind him, 4th rounder Albert Okwuegbunam has 2 years left on his rookie deal.

 

Detroit Lions

TE1: 1 yr, $3.3M (+option) | TE2: UFA
T.J. Hockenson was on pace for a career year before injury struck, but he still hasn’t quite reached the potential that Detroit was hoping to get when they selected him #8 overall 2 years ago. He’s extension eligible now, projecting to a 4 year, $52M contract, but it’s unclear if the Lions will offer him an early deal just yet. The depth behind him is full of question marks. 

 

Green Bay Packers

TE1: UFA | TE2: 1 yr, $1.9M
After a strong 2020, Robert Tonyan Jr.’s 2021 was limited to less than half a season due to injury, and he’s now slated for free agency. 2020 3rd round pick Josiah Deguara has two years left on his rookie deal and could factor in 2022, while vet Marcedes Lewis has 1 year remaining and seems likely to stick around.

 

Houston Texans

TE1: UFA | TE2: 3 yrs, $2.8M
The Texans are bare in many cupboards, and the tight end position proves to be no different. Houston will be in the market for a legitimate option at this position via free agency/draft, likely to pair with youngster Brevin Jordan, who has 3 years left on his rookie contract.

 

Indianapolis Colts

TE1: 1 yr, $5.4M | TE2: UFA
Jack Doyle will be entering a contract year in 2022, posting a $6.2M cap figure to boot. There’s $5.45M to be saved in moving on, but with Mo Alie-Cox slated for free agency, a restructure might make more sense. 

 

Jacksonville Jaguars

TE1: 1 yr, $2.5M | TE2: UFA
Dan Arnold holds a team-friendly $2.5M cap figure in 2022, and figures to get a chance to find more chemistry with Trevor Lawrence this offseason. 30-year-old Chris Manhertz has a chance to stick as the TE2, though there’s nearly $2M to be freed up if the Jags move on this spring.

 

Kansas City Chiefs

TE1: 4 yrs, $53M | TE2: UFA
Travis Kelce may have 4 years left on his deal, but only $2M of it offers him upfront guarantee (March 18th). At $8.8M, his cap hit remains team friendly for 2022, before soaring to $14.65M, $16.4M, & $18.65M from 2023 and on. Behind him, Blake Bell is headed for free agency, while 5th rounder Noah Gray has a chance to increase his role.

 

Las Vegas Raiders

TE1: 2 yrs, $14M | TE2: 1 yr, $2.5M
Darren Waller’s shortened season was quite on pace for the production he posted in 2020 (especially from a TD standpoint), but his role has never been as important as it will be now with Josh McDaniels’ leading the charge. Contractually he’s out of upfront guarantees, putting both he and Derek Carr in extension territory. Waller projects to a 3 year, $43M extension, which aligns him with Travis Kelce’s recent reup in KC. Behind him Foster Moreau is entering a contract year in 2022, projecting to around $4M per year as a TE2.

 

Los Angeles Chargers

TE1: UFA | TE2: ERFA
34-year-old Jared Cook is slated for free agency, but could be asked back on a friendly contract based on decent production in 2021. Behind him, Donald Parham will be back on a minimum salary, and former 3rd rounder Tre McKitty should be in the mix for a bigger role.

 

Los Angeles Rams

TE1: 2 yrs, $12.5M | TE2: 1 yr, $895k
Tyler Higbee has been a big piece of the Rams’ puzzle over the past three seasons, but his contract is out of upfront guarantees, and there’s $5M+ to be freed up if LA moves on this offseason. A restructure might make more sense. Behind him, Kendall Blanton & Brycen Hopkins are on minimum salaries for 2022.

 

Miami Dolphins

TE1: UFA | TE2: UFA
Mike Gesicki’s rookie contract has now expired, making the 26 year old a prime candidate for a franchise tag in the coming weeks (projected $11M). A multi-year extension at that number could also be in the cards. Behind him, Cethan Carter is a cut candidate ($2.5M saved), while moving on from Adam Shaheen can free up another $1.8M.

 

Minnesota Vikings

TE1: 1 yr, $1.2M | TE2: UFA
Irv Smith’s 2021 season was completely lost due to injury, meaning he’ll enter a contract year in 2022 with much to prove. Behind him Tyler Conklin & Chris Herndon are pending UFAs.

 

New England Patriots

TE1: 2 yrs, $20.5M | TE2: 3 yrs, $33M
Hunter Henry took the reigns as the clear top producer of this group in 2021, and his contract is fully guaranteed through 2022 (though a $15M cap hit could very well be restructured). Jonnu Smith never really found his sea legs this season, but a fully guaranteed 2022, and $6.25M guaranteed 2023 salary makes it very difficult for New England to do much about that. Behind them, a pair of former 3rd round picks Devin Asiasi, & Dalton Keene may very well become trade bait this offseason.

 

New Orleans Saints

TE1: 2 yrs, $2M | TE2: 2 yrs, $6.1M
The Saints got just 36 catches for less than 400 yards out of their top two tight ends in 2021. Adam Trautman’s rookie contract has 3 more non-guaranteed years on it, while Nick Vannett has $1.9M of his 2022 salary fully guaranteed. The Saints have $76M of cap to reduce in the coming weeks, so it stands to reason that these two remain the focal point at this position right now.

 

New York Giants

TE1: UFA | TE2: 1 yr, $5M
In 5 years with the Giants, Evan Engram averaged 52 catches, 565 yards, and 3 TDs per season as the lead man. He’s likely headed for a change of scenery this offseason, putting the rest of the position in question for NYG. Kyle Rudolph carries a $7.4M cap hit on his $5M salary, but caught just 26 passes in 2021.

 

New York Jets

TE1: UFA | TE2: 1 yr, $3M
The top two TEs caught only 43 passes for the Jets in 2021. It stands to reason this is a position of upgrade for Wilson and Co. going forward, especially with Tyler Kroft slated for free agency, & Ryan Griffin on a non-guaranteed $3M salary.

 

Philadelphia Eagles

TE1: 4 yrs, $47M | TE2: 2 yrs, $1.7M
Dallas Goedert has grown into one of the most productive TE’s in the game, and is now practically guaranteed through the 2024 season. There’s room to improve in the roles behind him though, with Richard Rodgers, Tyree Jackson, & Jack Stoll currently rostered to compete. 

 

Pittsburgh Steelers

TE1: 3 yrs, $3.6M | TE2: UFA
Pat Freiermuth had a breakout campaign in Pittsburgh, and should be excellent value over the next few seasons before extension eligibility kicks in (2024). The Steelers found very little help at the position behind him, with Zach Gentry snagging 19 balls, and Eric Ebron seeing just 245 snaps

 

San Francisco 49ers

TE1: 4 yrs, $53M | TE2: 2 yrs, $1.9M
While a calf injury greatly limited George Kittle’s production in 2021, he’s fully guaranteed through 2022, with $5M of his 2023 salary vesting this coming April. Behind him, Charlie Woerner’s rookie contract has two non-guaranteed years remaining, while Ross Dwelley is slated for free agency.

 

Seattle Seahawks

TE1: UFA | TE2: UFA
Gerald Everett & Will Dissly are slated for the open market, though it’s possible an extension is reached with one prior to March 16th. Everett caught nearly 50 balls in 15 games last year. Behind them, 2020 4th rounder Colby Parkinson has a chance to stick for depth.

 

Tampa Bay Buccaneers

TE1: UFA | TE2: 2 yrs, $15.3M
Cameron Brate is the only tight end of consequence under contract for 2022, though his $6.8M salary ($7.2M cap hit) are likely too rich for TB to stick with. A pay cut or restructure could be offered, while Rob Gronkowski continuing his career is in question & O.J. Howard will almost certainly be allowed to test the open market.

 

Tennessee Titans

TE1: UFA | TE2: UFA
The Titans might be the best team in need of a legitimate, play-making TE this offseason. They’ll likely address the position via all channels, including potential trade opportunities. Geoff Swaim, Anthony Firkser, & MyCole Pruitt are all pending free agents.

 

Washington Football Team

TE1: 3 yrs, $18.2M | TE2: UFA
A knee injury limited Logan Thomas’ 2021 season to just 6 weeks, and while his contract offers an out before March 20th, it seems likely that he sticks for the 2022 campaign. Behind him, Ricky Seals-Jones is a pending free agent, while 2021 4th round pick John Bates should be competing for a depth role.

Michael GinnittiFebruary 01, 2022

Current Contract

Tom Brady’s contract has 1 year, $27.2M cash left, including a $20.2M cap figure for 2022. This includes an $8.925M base salary & $1.4M roster bonus, neither of which will be paid out now. It also includes $15M of signing bonus that was deferred from March 2021 to February 4th. We’ll get to this more in a moment.

 

Dead Cap Scenario

Brady’s contract carries $32M of dead cap for 2022, all of which would hit the Buccaneers cap table if the retirement is processed before June 1st. As this represents $12M of lost cap, this seems unlikely.

The most likely path forward is likely an immediate restructure to the remaining cash portion of this contract, reducing the base salary from $8.925M to $1.12M, removing the $1.4M roster bonus, and eliminating the $1.875M of likely to be earned incentives. This drops the cap figure from $20.2M, down to $9.12M. The Buccaneers will carry this cap hit on their active roster until June 1st, after which they can place Brady on the reserve/retired list.

By waiting until June, the Buccaneers will allow the $32M of dead cap to split up much more favorably across 2022 & 2023, to the tune of:
2022: $8M
2023: $24M

While the $24M dead cap hit for 2023 seems large (and it is), the NFL League Salary Cap is expected to rise immensely next season (and beyond) thanks to a huge influx of revenue from the recently agreed to Network/Streaming contracts. 

 

The Original Signing Bonus

The only real point of financial contention with Tom Brady retiring is the $20M signing bonus, of which Tampa Bay now has the option of recouping a maximum of $16M from. If the Buccaneers go this route, Brady would be required to pay back $4M in each of the next 4 seasons (2022-2025), with Tampa Bay getting $4M of cap relief in each following respective season.

However, as noted above, $15M of that $20M signing bonus has yet to be paid out, so there’s a path for Tampa Bay to simply not pay this out, and move forward from here.

My two cents? It’s a big chunk of change, but a $16M parting gift to Tom Brady for choosing their franchise and immediately taking them to the promise land seems like pretty good optics and business for the organization.

 

Career Earnings

Brady's final earnings won't be fully known until we understand how the Buccaneers will treat the signing bonus. If they recoup all $16M, the $292.9M figure currently showing on Spotrac will actually drop to $291.9M. If Tampa Bay elects to pay out the entire bonus as a gesture, his final on-field earnings will increase to $307.9M, easily the most all-time (for a minute).

Michael GinnittiJanuary 31, 2022

The Rams & Bengals head toward Super Bowl 56 coming from two very different places. Our look at their 2021 financials, future cap, free agents, draft capital, & extension candidates going forward.

 

2021 Payroll Comparisons

In terms of active salary cap allocated in 2021
Bengals: $154M (7th)
Rams: $121M (22nd)

In terms of actual cash spent in 2021

Bengals: $194M (23rd)
Rams: $189M (26th)

In terms of 2021 Free Agent spending
Bengals: $136M (6th)
Rams: $7.7M (31st)

 

How the Starters were Acquired

Based on 11 offensive starters, 11 defensive starters, a kicker, & a punter
Both teams have found success in upgrading through free agency, while the Rams have simply forfeited draft picks for proven experience via the trade.

Bengals
Draft: 15 | Free Agency: 7 | Trade: 1 | UDFA: 1

Rams
Draft: 11 | Free Agency: 7 | Trade: 4 | UDFA 2

 

2022 Salary Cap

The current average amount of cap space for a team heading into the offseason is $15M. There's a stark contrast between the two 2021 finalists in terms of their offseason financial health.

Bengals: $56.3M
Cincinnati currently sits 4th in the league in projected Top 51 cap space for 2022, but only 36 players are currently under contract (will eventually be 90). Luckily, the list of starters or notable reserves out of contract are extremely limited, meaning the Bengals will be able to use their cap & draft capital to upgrade and apply depth across this roster. Moving on from Trae Waynes frees up another $11M as well.

Rams: -$8M
LAR is going to be running right up against the line for the next few seasons as they build through experience and not necessarily their (lack of) drafts. 7 players carry a cap hit north of $15M for 2022 currently, most of which will either restructure salary, or sign a restructured extension in the coming months to get the Rams on the right side of the cap for March. To name a few: Ramsey (base salary restructure clears $11M), Floyd (base salary restructure clears $12M), Donald (roster bonus restructure clears $4M).

 

Notable Free Agents

Rams (Full List)
Von Miller (OLB, 32)
Sony Michel (RB, 26)
Odell Beckham, Jr. (WR, 29)
Brian Allen (C, 28)
Austin Corbett (G, 26)
After handing away a 2nd and 3rd round pick for a half season of Von Miller, will the Rams feel obligated to extend the 32 year old? Sony Michel showed promise behind this run-first offensive line, but likely prices himself out of a return to LA, while the discussion for OBJ becomes much more complicated with each passing, productive week. He’s a fit for Stafford and Co., but can they financially fit him into an arsenal with Kupp, Woods, & Jefferson all healthily under contract?

Bengals (Full List)
Jessie Bates III (S, 24)
B.J. Hill (DT, 26)
Quinton Spain (G, 30)
C.J. Uzomah (TE, 29)

Jessie Bates’ stock plateaued a bit entering the 2021 season, but he’s been one of the most visibly necessary players on the field. He’s a franchise tag candidate ($13M), with eyes on a $16M+ per year extension. B.J. Hill & Quinton Spain can probably be upgraded upon (though Hill had a strong year), while Uzomah has clear chemistry with Burrow, but he’s an overpay candidate on the open market that could impact his ability to return.

 

Notable Extension Candidates

C.J. Uzomah, TE, CIN
Uzomah’s career feels a little like that of Jonnu Smiths, whom the Patriots just wildly overpaid for ($12.5M per year) this past offseason. Now looking for contract #3, a 3 year, $24M extension seems to make sense.

Jessie Bates, S, CIN
Bates has been one of the most impactful players on the field through this Cincy postseason run, peaking at the perfect time contractually speaking. He’s a $13M franchise tag candidates, with Harrison Smith’s $16M per year deal as a foundationally start point on a multi-year extension.

Matthew Stafford, QB, LAR
The good news? Acquiring Matthew Stafford helped bring the Rams back to the Super Bowl. The bad news? With just 1 year, $23M left on his current contract, he’s due for another major payday, and currently projects to a 4 year, $166M extension.

Cooper Kupp, WR, LAR
Kupp has 2 year remaining on his current contract with the Rams, but carries cap hits of $18.6M & $18M respectively across that period. An extension not only helps lower the current hit, but will align him with Stafford’s new contract, and offers him a well-deserved raise all in one shot. Kupp projects to a 4 year, $95M extension currently.

Von Miller, LB, LAR
Valuing edge rushers over 30 years old has become a bit of a crapshoot, with J.J. Watt bagging $14M per year, and Melvin Ingram sitting on a near veteran minimum salary in 2021. Miller still has the production to garner a $10M+ contract, but taking less and structuring a team-friendly deal to remain in LAR seems like pretty good business for someone who’s already cashed $144M out of the league.

Odell Beckham, Jr., WR, LAR
Nobody’s going to hate this more than OBJ himself, but from a strictly numbers standpoint, his next contract projects to 2 years, $12M. There’s no question is abilities have been resuscitated in this Rams’ offense, but with significant capital allotted to Kupp & Woods already, sticking in LA almost certainly means less than desired dollars for Beckham Jr. If he hits the market, it’s very likely bad teams will be offering to double this kind of compensation.

 

Future Draft Picks

Bengals
2022: (Projected pick numbers) 31, 63, 95, 132, 140, 172, 209, 223, 249
2023: 1, 2, 3, 4, 5, 6, 7
2024: 1, 2, 3, 4, 5, 6, 7

Rams
2022: 101, 139, 173, 211, 212, 213, 235, 250
2023: 2, 3, 5, 6, 6, 7
2024: 1, 2, 3, 4, 5, 6

Michael GinnittiJanuary 27, 2022

The rumors were bound to restart eventually, and Nathaniel Hackett officially becoming the Head Coach of the Denver Broncos today certainly did just that. So what does Aaron Rodgers' contract tell us about what his 2022 outlook is?

The Current Contract As Is (Very Unlikely)
Rodgers’ current deal contains 1 year, $27M cash left, none of it fully guaranteed at the moment (not until Week 1). However, the deal also contains $26.8M of dead cap stemming from the original signing bonus, a 2019 restructure and a 2021 restructure. Can Rodgers remain on this contract as is through 2022? A $46.6M cap hit says most likely not, as it will greatly impact the Packers ability to re-sign free agents and improve upon their roster this offseason.


The Current Contract, Restructured (Possible)
A discussion not being mentioned enough is the possibility that Rodgers will agree to come back to the Packers for 1 more season, but wants the ability to hit the open free agent market thereafter in 2023 - following in Tom Brady’s footsteps. This will require a restructure of his current base salary to reduce the $46.6M cap hit to a more manageable number. A full base salary restructure, while tacking on 4 void years to the back end of this contract, will drop the 2022 cap hit from $46.6M down to $25.8M, over $20M saved.

But would the Packers even want this? It’s strange to imagine Green Bay turning away from Aaron Rodgers if he wants to go the “1 and done” route here, but it’s a better business move for them to do so - unless they truly believe there’s a chance for a Super Bowl in 2022-23. Financially speaking the 2022 cap hit becomes a wash - either $26M of dead cap to trade him now, or $25.8M of active cap to have him back as QB1 for the season (after which a larger dead cap hit kicks in). But allowing Rodgers to walk into free agency without compensation seems like the wrong decision for the franchise. Rodgers is as valuable to a new team as he’s ever been right now, and the trade compensation packages being floated around the hot stove would allow the Packers to quickly rebuild in many facets of their roster, immediately. 


The Marriage Is Fixed, An Extension is Signed (?)
If the two sides agree that a few more years together makes sense, the conversation will quickly turn to just how that next contract should look. While there are an infinite number of possibilities in terms of cost and structure, I’ve gone with the one that Rodgers has always agreed to - a maximum contract. This time however, I’ve stripped it down to two new years (3 years total) - with a fully guaranteed structure. 2 new years, $92M of new money, a total of 3 years, $120M - fully guaranteed at signing.


New Money AAV: $46M (1st), Guarantees at Sign: $120M (1st).Void years help keep the cap hits somewhat “mild”, but there’s no question this is not exactly the most team-friendly contract out there. Call me crazy, but I don’t anticipate team-friendly being in Aaron Rodgers’ negotiation plans - yet.


An Early Offseason Trade (Likely)
If Aaron Rodgers is traded before June 1st, 2022, the Packers will take on a $26.8M dead cap hit for 2022, freeing up $19.3M of much needed space.


A Late Offseason Trade (Not Likely)
If the trade is processed after June 1st, 2022, the Packers will be able to split up the $26.8M of dead cap into $19.1M for 2022, and $7.6M in 2023, freeing up $26.9M of cap space in 2022 (but not until June 2nd).


An Outright Release (Ridiculously Unlikely)
The dead remains the same ($26.8M if released prior to June 1st, $19.1M/$7.6M if after), but they’ll eliminate all chance for compensation - including a compensatory draft pick. It’s a non discussion.


Rodgers Retires (Possible)
Until he speaks, this has to remain a possibility going forward. The financials become a little bit more complicated in this instance, as the Packers will want to use timing to make this work to their benefit. If Rodgers comes to the front office next month and tells them he’s hanging them up, Green Bay will do the following with his contract:

  • Reduce his 2021 base salary to $1,120,000 (the veteran minimum)
  • Eliminate his $500,000 workout bonus
  • Carry the remaining $20.3M as an active cap hit until June 2, 2022
  • Place him on the Reserve/Retired list on June 2, 2022, dropping the cap hit to $19.1M
  • His $7.6M void cap will hit the Packers 2023 salary cap

This allows Green Bay to retain his rights through all of 2022 (meaning a team will still have to trade for him through this season to acquire him), while reducing the cap hits they hold for him down to the dead cap numbers only.

Michael GinnittiJanuary 24, 2022

It's long been said that the second a quarterback signs a maximum level contract extension, his respective team's ability to remain in contention vastly decreases. And while recent data and trends do allude to that (no player with the highest average salary in the league has ever won the Super Bowl), the Bills & Chiefs just battled to the playoff death with respective quarterbacks sitting on $43M+ contracts.

So how have the Chiefs reached 4 straight AFC Conference Championships, despite the last two being clinched with their QB1 on a $450M contract extension?

Structure (view the full contract).

The cap isn't totally a myth (Saints, Eagles & Steelers fans know it eventually comes home to rob you in the end), but it's more flexible than an other financial metric in sports. It can be massaged, pushed around, piled up in one bunch, or even traded away in certain instances. 

The reality of Patrick Mahomes' contract extension is that it really doesn't start to get interesting from a cap & cash standpoint until 2022. Mahomes has earned just $33.7M cash over the first two seasons of his new contract - just $6M more than he would have reeled in had he stayed on his rookie contract through all 5 years. His 2020 cap figure was just $5.3M. His 2021 cap figure, following a $21M restructure, was $7.4M. His 2022 cap figure currently sits at $35.8M, but another restructure can drop that down to $13.8M - handing his team another $22M of cap space to work with next season. 

So this all sounds great, but the Chiefs are just pushing this down the line and delaying the inevitable, right? Right. That's exactly what's happening here. This is the window to push everything out of the way and keep pressing. Mahomes & his camp know he can't step onto a field and win 21 games on his own, and if the front office continues to do their job, moving cap around for Mahomes, Hill, Kelce, and some of the O-Lineman will continue to be an annual tradition - as long as the roster still smells like a contender. 

So when will things start to get dicey with this contract? If the 2022 restructure happens as I've laid out (convert his $27.4M roster bonus into signing bonus), this will create a $52.2M cap charge in 2023! Again, there's a $34.4M roster bonus to be restructured as needed (and a massive roster bonus each and every year through 2031), but eventually enough will be enough. There will be a thick black line drawn soon defining the current window (and significant, expensive pieces), and the next window - both of which will include Patrick Mahomes, and this gigantic contract. 

How long will Mahomes truly stay in this contract? The structure of it makes it purely his decision. With early guarantees built in all the way through, the Chiefs truly have no "easy" out with this deal, but it stands to reason that at some point, Mahomes and KC will agree to cut this thing off and start anew - both for team cap purposes, and for cash flow adjustment. 

Current Contract Yearly Cashflow Rank:
Year 1: $10.9M (210th)
Year 2: $33.7M (57th)
Year 3: $63.1M (24th)
Year 4: $103.6M (12th)
Year 5: $141.5M (5th)
Year 6: $183.5M (2nd, Allen)

When you look at the contract through this lens, it's clear as day just how middle-back loaded it is. There are left tackles and edge rushers and wide receivers ahead of Patrick Mahomes' 3-year cash payout. His own teammate Frank Clark earned $65.2M across his first three seasons. Dak Prescott's $126M is literally double the 3 year payout that Mahomes' agreed to. Current NFL Contract Cumulative Cash Flow

My guess for when the two parties force their way out? Prior to the 2027 season. This will give Mahomes $225M over 7 years of this contract (still with $252M to go). The 2027 season is currently slated for a whopping $59.95M cash. It stands to reason that much of this can be converted into a restructured extension signing bonus, ripping up the rest of the contract and structuring it to be a little more "player-friendly) for the second act to his career, when this current iteration of the Chiefs should be gone, if not dwindling down. 

Michael GinnittiJanuary 22, 2022

Our NFL offseason series continues with a look at the wide receiver position for each team heading into 2022, making note of potential WR1/WR2/WR3 possibilities, notable extension candidates, players heading to free agency, restructure candidates, and plenty more.

Spotrac's Offseason Position Pieces

Arizona Cardinals

WR1: 3 yrs, $52M | WR2: UFA | WR3: UFA
While DeAndre Hopkins is locked in for 3 more years ($6.65M fully guaranteed now), his colleagues A.J. Green & Christian Kirk are both pending free agents. An $18.5M tag is likely too rich for either, so Arizona will have decisions to make on how to fill out this arsenal going forward. With Rondale Moore likely able to step in for a bigger role in 2022, bringing back Kirk seems the more likely scenario. The 25 year old holds a 4 year, $50M valuation.


Atlanta Falcons

WR1: 1 yr, $11M | WR2: UFA | WR3: UFA
Calvin Ridley’s time away from the team has been unfortunate for the Falcons’ offense, but it’ll have real financial implications if it carries into 2022, as his salary jumps from $1.9M to $11.1M (fully guaranteed). His cap hit remains on the books with an injury designation. Behind him, Russell Gage & Tajae Sharpe are pending UFAs, Olamide Zaccheaus & Christian Blake are pending RFAs. It’s not unreasonable to say there might be a completely new WR core in 2022. 


Baltimore Ravens

WR1: 1 yr, $2.1M + option | WR2: 3 yrs, $5.3M + option | WR3: UFA
Marquise Brown becomes extension eligible after 2021, with a $17M valuation under his belt right now. He & Rashod Bateman should be the cornerstones of this arsenal, with room for a legit free agent option to replace Sammy Watkins’s expiring contract. Devin Duvernay’s 2 years remaining also provides strong value for the Ravens.


Buffalo Bills

WR1: 2 yrs, $26M | WR2: UFA | WR3 | 1 yr, $6.1M
Stefon Diggs has done enough in his two seasons with the Bills to warrant a top of the market contract extension this winter. There’s a $23M valuation attached to the 28-year-old, who projects to a 4 year, $91M extension currently. Behind him, Emmanuel Sanders will likely walk back into free agency, & Cole Beasley is almost certain to be released out of his expiring contract ($6.1M saved), providing a bigger role for Gabriel Davis (2 yrs, $1.9M) in 2022. Buffalo will be in the free agent/draft market for another legitimate WR again this spring.

 

Carolina Panthers

WR1: 1 yr, $11M | WR2: 2 yrs, $25M | WR3: 3 yrs, $3.4M
D.J. Moore is entering a contract year in 2021, with just his $11M fully guaranteed option remaining. The 24 year old has raised his valuation up to $17M with a strong 2021 campaign, projecting to a 4 year, $67M extension. Behind him, Robby Anderson has already been extended through 2023, with $8M of his 2022 compensation already fully guaranteed. The WR3 role appears up for grabs as youngster Terrace Marshall has seen his playing time diminish of late.


Chicago Bears

WR1: UFA | WR2: 2 yrs, $1.9M | WR3: UFA
Justin Fields needs both an offensive line, and a new set of wide receivers in 2022. A second franchise tag for Allen Robinson will cost $20.1M, likely too steep for the Bears to carry. Robinson entered 2021 with a valuation north of $20M, but time missed and a lack of opportunity & production has seen that drop into the $16M range. There’s likely still an $18M+ free agent contract in his future. Behind him Darnell Mooney provides incredible value on his 5th round rookie contract, but the WR core is extremely thin thereafter.


Cincinnati Bengals

WR1: 3 yrs, $10M + option | WR2: 2 yrs, $3M | WR3: 2 yrs, $17.6M
The Bengals boast one of the best 1-2-3 punches in the NFL with Ja'Marr Chase, Tee Higgins, & Tyler Boyd all under contract through 2023. Boyd’s cap figure jumps north of $10M in 2022, so a restructured extension could be on the table to better control that figure while keeping this band together. 


Cleveland Browns

WR1: 1 yr, $15M | WR2: 2 yrs, $1.9M | WR3: UFA
Jarvis Landry has seen his production decline quite a bit over the past few seasons, and with $15M to be cleared in moving on, he’s a roster bubble candidate right now. Behind him, Donovan Peoples-Jones has been giving more power in 2021, and he’s done well with it. With Rashard Higgins headed back to the free agent market, there’s room for 3rd round pick Anthony Schwartz to slide up.

 

Dallas Cowboys

WR1: 3 yrs, $60M | WR2: 2 yrs, $4.3M + option | WR3: UFA
Amari Cooper’s contract becomes pay-as-you-go from here out, and has yet to be restructured through two seasons, and there’s $15.1M of cap space to be saved with a full base salary conversation. CeeDee Lamb remains incredible value with two years plus the 5th year option left on his rookie contract. Michael Gallup actually took the most snaps among Cowboys’ receivers, but it always seemed likely he would seek a larger role/payday elsewhere after 2021. His injury is unfortunate, but shouldn’t stop him from cashing in. A cap-adjusted version of Allen Robinson’s free agent contract with the Bears in a similar situation should be the target ($16M+ per year).


Denver Broncos

WR1: 4 yrs, $54M | WR2: 3 yrs, $27M | WR3: 2 yrs, $4.5M + option
The Broncos arguably have the best WR in football, both from a potential production, and contract stability standpoint. This is a drop-in-a-veteran-QB-ready offense. K.J. Hamler, Kendall Hinton, & Daesean Hamilton are also under contract for 2022 and could become trade pieces.

 

Detroit Lions

WR1: 3 yrs, $2.8M | WR2: 2 yrs, $1.9M | WR3: UFA
Amon-Ra St. Brown is one of the better stories of the year, and should easily become the focal point of this offense going forward. Behind him it’s pretty cloudy, with Kalif Raymond, Khadarel Hodge, & Josh Reynolds headed for free agency, 5th rounder Quintez Cephus with two years left.


Green Bay Packers

WR1: UFA | WR2: RFA | WR3: UFA
If that doesn’t scream COME BACK AARON I don’t know what will. Randall Cobb remains on a 1 year, $8.1M contract ($9.5M cap hit),  but his status seems directly attached to that of Aaron Rodgers’. Davante Adams is destined for a $20.1M franchise tag, Allen Lazard is likely headed for a $3.9M restricted tender, while Equanimeous St. Brown & Marquez Valdes-Scantling appear headed for the open market. Keeping Adams around long term will require at least $25M per year.


Houston Texans

WR1: 1 yr, $13.7M | WR2: 3 yrs, $2.4M | WR3: UFA
Brandin Cooks outperformed all expectations in a difficult season, and built up decent rapport with Davis Mills (the likely QB1 in 2022). It stands to reason that Cooks may ask for greener grass in the form of a trade this offseason, but he’s an extension candidate regardless. 2021 3rd round pick Nico Collins should stick around, but there are 2-4 roster spots to be filled out here over the next few months. Cooks holds an $18M+ valuation currently.

 

Indianapolis Colts

WR1: 2 yrs, $3M | WR2: UFA | WR3: 1 yr, $1.1M
Michael Pittman Jr. has a chance to be a real player if he can stay on the field (and the Colts can find a better option to toss him the ball). T.Y. Hilton probably doesn’t return this time around, vaulting Parris Campbell into a WR2 role for the time being. There’s a player to be added here in some capacity. 

 

Jacksonville Jaguars

WR1: 1 yr, $6M | WR2: UFA | WR3: 2 yrs, $3M
Marvin Jones was Marvin Jones yet again in 2021 and should remain in the fold for 2022. DJ Chark missed the majority of his expiring season with a broken ankle, and could be a candidate to return on the cheap in a “showcase” deal. Slot man Laviska Shenault seemed under-utilized in Urban Meyer’s system, but could benefit greatly from a new regime.

 

Kansas City Chiefs

WR1: 1 yr, $18M | WR2: UFA | WR3: 1 yr, $1.1M
While Travis Kelce is locked in comfortably, the rest of the receiving core needs quite a bit of attention. Tyreek Hill entering a contract year in 2022 puts him squarely in extension mode, currently projecting to a 4 year $85M deal.  Mecole Hardman is also entering the final year of his contract, and could be in line for Tim Patrick’s recent deal in Denver (3 yrs, $34M). The rest of the unit is headed for free agency.


Las Vegas Raiders

WR1: 1 yr, $965k | WR2: UFA | WR3: 2 yrs, $2.2M 
It’s hard to imagine Hunter Renfrow entering the 2022 season on a 1 year $965k minimum salary after his breakout season (103 grabs, 1,038 yards, 9 TDs). His role as a slot receiver somewhat limits his financial valuation mathematically ($17M), but it stands to reason that Keenan Allen’s $20M+ contract in LA is well within reach. Bryan Edwards should find a depth role with 2 years left on his rookie contract, while Zay Jones shouldn’t cost much more than league minimum on the open market. This is a major draft/free agent WR landing spot.

 

Los Angeles Chargers

WR1: 3 yrs, $58M | WR2: UFA | WR3: RFA
Keenan Allen’s early guarantees finish after 2022 ($16.5M locked in currently), so LAC has plenty of financial flexibility at this position. Is an multi-year extension (projected $16M) or $18.5M franchise tag coming for Mike Williams? Is a 2nd round $3.9M tender coming for Jalen Guyton, or will Josh Palmer be thrust into a bigger role going forward? It feels like running this group back makes sense.


Los Angeles Rams

WR1: 2 yrs, $28.75M | WR2: 4 yrs, $60.5M | UFA
Fresh off his historic season, will Cooper Kupp be asked to live with his current remaining contract, or will the Rams further invest in their underpaid weapon? Kupp carries a $23.5M valuation into the offseason. Behind him Robert Woods’ $13.5M is practically guaranteed through 2022, but there are outs each year following. Odell Beckham, Jr.’s offseason will be one to watch, as he has found immediate chemistry in this offseason - but may not find the targets or payday in LA that another franchise can offer. If he bolts, Van Jefferson will enter his third year as a breakout candidate.


Miami Dolphins

WR1: 3 yrs, $9.3M + option | WR2: 2 yrs, $12.3M | WR3: UFA
Jaylen Waddle is the real deal, and doesn’t become extension eligible until after the 2023 season, providing mega value for Miami at the WR1 slot. Behind him, DeVante Parker can be a productive option for the price ($6M per), but he struggled to stay on the field again. Albert Wilson & Will Fuller are headed for the open market, placing the Dolphins in need of at least 2 viable WR options this offseason.


Minnesota Vikings

WR1: 2 yrs, $4.1M + option | WR2: 3 yrs, $40M | WR3: 2 yrs, $2M
Justin Jefferson raised his own already high ceiling in 2021, catching 108 balls for 1,616 yards and 10 TDs. Luckily for the Vikings, he doesn’t become extension-eligible until after the 2022 season. His 92 yards per game on just 6 catches puts him in elite territory at a position that is currently paying its elite $25M+ per year. Behind him, Adam Thielen is a lowkey trade candidate with a non-guaranteed 3 years remaining on his contract, while K.J. Osborn should be thrust into an even bigger role going forward with an excellent year 2.


New England Patriots

WR1: 1 yr, $9.8M | WR2: RFA | WR3: 2 yrs, $9.7M
Though Kendrick Bourne’s contract was less than half of Nelson Agholor’s on a per year basis, Bourne finished 2021 with the stronger production, and should be a lock for a role in 2022. With $5M of Agholor’s 2022 salary already fully guaranteed, he likely remains in the fold as well, but look for New England to seek out a true WR1 this offseason. Youngster Jakobi Meyers is a low restricted tender candidate, while N'Keal Harry is almost certain to be moved on from.

 

New Orleans Saints

WR1: 3 yrs, $52M | WR2: 1 yr, $895k | WR3: UFA
The Saints aren’t poor with storylines, and Michael Thomas is certainly one of the bigger ones heading toward March. The 29-year-old hasn’t played since the middle of 2020, and the injury guarantee on his $15.3M 2022 salary becomes fully guaranteed on March 18th. With $22M of total dead cap on his deal right now, a Post June 1st release seems likely at this point ($15.8M savings). Behind him, Marquez Callaway holds a minimum salary before restricted free agency, Tre'quan Smith is pending free agency, and Deonte Harris is awaiting his restricted tender (likely $3.9M).


New York Giants

WR1: 3 yrs, $53M | WR2: 3 yrs, $5.6M + option | WR3: 2 yrs, $18M
This is a deep receiving core when healthy, but it’s never been healthy. Kenny Golladay was underwhelming in his first NY season, but a new regime (and potentially new QB) could quickly change that. $10M of his 2022 compensation is already fully guaranteed. Behind him Kadarius Toney has star potential and is under team control for 4 more seasons, Sterling Shepard’s guarantees expired last season making him a bubble candidate, & Darius Slayton holds a minimum $965k salary in his expiring season, but still could find himself looking for work.

 

New York Jets

WR1: 2 yrs, $23M | WR2: UFA | WR3: UFA
The combination of Corey Davis, Braxton Berrios, & Jamison Crowder provided a few positive moments throughout 2021. Davis is fully guaranteed through 2022, but the latter two are set to hit the open market. Berrios showed more versatility, so an extension in the Kendrick Bourne 3/$15M range could be inline. Behind them, Elijah Moore & Denzel Mims are on cheap rookie contracts with value potential.

 

Philadelphia Eagles

WR1: 3 yrs, $7.4M + option | WR2: 2 yrs, $4.2M + option | WR3: 2 yrs, $1.9M
The Eagles have been getting younger and cheaper at this position for 2 consecutive years & if DeVonta Smith & Jalen Reagor can grow into true top options, there’s a ton of value in Philly’s future. Greg Ward headed to restricted free agency is the only real question mark here.

 

Pittsburgh Steelers

WR1: UFA | WR2: 1 yr, $1M | WR3: 2 yrs, $2.7M
JuJu Smith-Schuster’s return was short-lived, and it’s hard to imagine he doesn’t head for clearer waters this time around. Diontae Johnson has true elite WR potential from the slot, but his expiring contract in 2022 probably needs to be addressed this offseason. Johnson’s $15.5M valuation easily surpasses a recent deal for Tim Patrick in Denver. Behind him, Chase Claypool has two years remaining on his rookie contract and will be seeking a bounce back season in 2022. James Washington & Ray-Ray McCloud headed to free agency likely means there’s a notable spot to fill.

 

San Francisco 49ers

WR1: 2 yrs, $4M + option | WR2: 1 yr, $2M | WR3: UFA
Brandon Aiyuk’s 2021 finished up with almost identical production to his body of work in 2020. Trey Lance will be looking for more from the former #25 overall pick, who won’t become extension eligible until after 2022. That’s not the case for the versatile Deebo Samuel, who is now extension eligible for the first time, and should be a priority signing for the 49ers this offseason. The unicorn is hard to evaluate mathematically speaking, but it’s safe to say his contract floor is $18M, with $22M-$24M completely realistic based on the type of usage he’s expected to see. There’s a glaring hole in San Francisco with wide receivers 3 - 5. 


Seattle Seahawks

WR1: 4 yrs, $59M | WR2: 1 yr, $1.1M | WR3: 3 yrs, $3.5M
Tyler Lockett is practically guaranteed for the next 2 years, $26M with 4 years total remaining on his current contract. D.K. Metcalf didn’t quite match his breakout 2020 campaign, but managed to find the endzone 12 times in 2021. He’s extension eligible, valuing toward a $20M per year contract currently. Behind them D'Wayne Eskridge enters year 2 of his rookie contract (the final guarantee year), while Freddie Swain holds two years left on his entry level deal. It’s an attractive unit should Seattle be seeking a new QB this offseason.


Tampa Bay Buccaneers

WR1: 2 yrs, $28M | WR2: UFA | WR3: 2 yrs, $1.9M
Mike Evans becomes the lone veteran option for the Bucs heading into 2022, with 2 yrs, $28.5M left on his deal, none of it fully guaranteed. He’s an extension candidate this offseason, but doesn’t quite have the resume to value up with the elite WR contracts. Tyler Lockett’s $17.25M deal in Seattle becomes a floor for Evans. Chris Godwin’s knee injury likely takes him out of early extension AND second franchise tag conversations with Tampa, sending him to the open market. Behind them, Tyler Johnson has two non-guaranteed years remaining on his rookie contract, & Scotty Miller will be entering a contract year (maybe).

 

Tennessee Titans

WR1: 1 yr, $1.2M | WR2: 2 yrs, $23M | WR3: UFA
A.J. Brown will be entering the final year of his rookie deal this offseason, but a bit of a down 2021 campaign could have Tennessee looking to wait before extending him. Despite a $16M calculated valuation, there’s likely a $20M+ deal in his future. Julio Jones didn’t exactly make his mark in 2021, but tenable $11.5M salaries each of the next two years (only $2M fully guaranteed), shouldn’t give the Titans much pause. Current slot WR Chester Rogers is slated for free agency.


Washington Football Team

WR1: 1 yr, $965k | WR2: UFA | WR3: UFA
Outside of Terry McLaurin, there’s a lack of identity with this receiving core - especially going forward. McLaurin’s a $20M starting point extension candidate this offseason, and Curtis Samuel’s $8.5M salary for 2022 is fully guaranteed, but with Adam Humphries & Cam Sims slated for free agency, & Dyami Brown targeted just 25 times in 2021, there are plenty of holes to fill here.

Michael GinnittiJanuary 14, 2022

Arizona Cardinals

Is Kyler Murray Ready to be Paid?
He’s gotten better every year statistically speaking, but he and the Cardinals have floundered down the stretch two seasons in a row. Kyler Murray is extension eligible for the first time now, and carries a $43M valuation in our system, projecting to a 6 year, $260M extension.

 

Buffalo Bills

Is Tremaine Edmunds a 2nd-Contract Player?
The advanced metrics have never been on Edmunds’ side, and in many cases - either has the eye test. But Edmunds has a chance to be a focal point in this postseason run for the Bills, starting immediately with a chance to shut down a strong Patriots run game Saturday night. The AFC playoff teams are full of good running backs and talented tight ends - meaning Edmunds will need to be a factor for the BIlls to remain alive. His $12.1M option year in 2022 is fully guaranteed.

 

Cincinnati Bengals

Did Cincy Roster A Deep Enough Offensive Line?
We only need to look back one season to understand just how important the depth of an O-Line is at this time of year (Chiefs), and there’s no question that the Bengals improved in this regard in 2021. The Bengals possessed the 31st ranked O-Line in 2020 according to Football Outsiders, but improved that standing up to 15th in 2021. The current starting line is comprised of a 1st round pick (LT), a UDFA (LG), a UDFA C a 6th round pick (RG), a 6th round pick (RT).

 

Dallas Cowboys

Is Cedrick Wilson the 2022 WR3?
With Michael Gallup now injured and slated for free agency, it stands to reason that his tenure in Dallas has come to an end. In his absence, Cedrick Wilson (also slated for free agency) has picked up the pieces and then some. If he remains a factor throughout the postseason, will Dallas be conditioned to bring him back on a small extension for 2022+? Wilson carries a $6.5M valuation in our system currently.

 

Green Bay Packers

Can $75M Per Year Keep This Train on the Tracks?
The Packers went from offseason disaster to NFC #1 seed in a matter of weeks. After a forgettable opening week loss against the Saints, Rodgers & Co. have barely looked back across the next 17 weeks. With star WR Davante Adams on an expiring contract (and destined for a $20M tag), and Aaron Rodgers’ contract in need of some form of change (restructured extension, trade), can the Packers throw enough money at these two players in March to keep this band together for another window of contention? Adams projects to a 5 year, $130M extension, while Rodgers currently sits at 3 years, $140M.

 

Kansas City Chiefs

How Expensive Will Patrick Mahomes’ Blindside Be?
Part of the Chiefs’ master plan to return to the Super Bowl in 2021 was to add heavily to an offensive line that failed them last January. That began with the acquisition of OT Orlando Brown Jr. from the Ravens for a bounty of draft picks to go along with the massive free agent signing of LG Joe Thuney. Brown brought over a more than tenable $3.3M salary for the 2021 season, but that value is coming to a head in the next few weeks, as the 25 year old currently projects to a historic 5 year, $116.5M extension.

 

Las Vegas Raiders

Is Derek Carr Playing His Final Week(s) as a Raider?
Carr’s contract contains a non-guaranteed 1 year, $19.8M left on it, while QB2 Marcus Mariota is slated for free agency this March. It’s safe to assume that a few QB-needy teams will show interest in acquiring Carr if the Raiders even dangle the opportunity out there. This includes the Seattle Seahawks, who may be forced to move on from Russell Wilson, and would likely be very interested in bringing back a ready-made QB to drop into an offense full of weapons. The more likely outcome is that Vegas simply extends their current QB1, to the tune of 5 years, $175M

 

Los Angeles Rams

Is Matthew Stafford One and Done?
No, but contractually speaking there’s a ridiculously easy out after this season. It stands to reason that he’s done enough to have earned a sizable extension with the Rams, if for no other reason than the ridiculous compatibility he’s found with the WR1. Stafford’s current contract has 1 year, $23M remaining, and the 33 year old projects to a 4 year, $170M extension in our system.

 

New England Patriots

Will the Patriots Continue to Pay?
The Patriots’ 2021 offseason spending spree has been celebrated into saturation at this point, but the fact of the matter is - they’ll need to do a smaller version of it again to remain relevant in the division. Star cornerback JC Jackson is slated for free agency (and likely a tag) this offseason, as is RT Trent Brown, LB Donta Hightower, K Nick Folk, & S Devin McCourty - to name a few. It’s feasible that some of these spots can be replaced by previous or future draft selections, keeping finances at bay, but New England will need to spend more than they’ve been accustomed to in recent years to stay on this current path.

 

Philadelphia Eagles

Playing With House Money
The Eagles probably don’t belong in the same conversation with the majority of these playoff teams in terms of contention, but the fact that they scratched and clawed their way into this position sets them up for so many opportunities this offseason. Now they possess the best draft capital in the league, a dynamic QB1 who holds trade value if a veteran star shows interest in coming to town, a QB2 who holds trade value (likely better than the 6th round pick that was given up to acquire him), a 3-headed rushing attack that will take pressure off the QB, a young, financially locked in offensive line (minus Jason Kelce), and now a playoff berth to promote come free agency. A season that was designed to be the “purge” year in terms of dead cap and financial health, miraculously turned into one with winning as well.

 

Pittsburgh Steelers

Then What?
The Steelers admittedly don’t belong here. But they’re here, based largely on a run game, and well allocated defensive superstars. Fortunately, that qualifies as a pretty decent recipe for a “rebuild on the fly”, assuming they can immediately address the glaring hole at QB1, and the mish-mosh that is their WR core (D. Johnson, J. Smith-Schuster, J. Washington pending free agents, Claypool nearly invisible). This feels Minshewy.

 

San Francisco 49ers

Jimmy Garoppolo’s Winning Problem
We’ve been down this road before: The 49ers have a QB problem, except that QB when healthy continues to win ball games - just not in the manner in which the 49ers would prefer to win ball games. We’re headed toward a defining moment in San Francisco’s future. The decision can be very easily made if Garoppolo throws 3 passes to Trevon Diggs Sunday, but recent history sides with the 49ers in these type of matchups. Another lengthy postseason run puts the Trey Lance project on hold - at least momentarily. Jimmy G has a non-guaranteed 1 year, $25.6M left on his contract through 2022.

 

Tampa Bay Buccaneers

Sleeping Giants?
Brady’s done much more with much less offensively speaking, and yet the Buccaneers are hardly being mentioned in the NFL Postseason projections. Maybe there’s fatigue (or doubt) stemming from the Antonio Brown circus, or maybe they’re simply being overlooked as legitimate repeat candidates. Leonard Fournette is the best he’s ever been (and playing for a contract). Gronk has a decade of experience in these types of settings (and playing for a contract), and the return of Shaq Barrett and Carlton Davis to the defense should become instant upgrades in that regard. There are worse ways to spend your gambling dollars this week.

 

Tennessee Titans

A.J. Brown’s Big Contract
When you look at the first three years of stats for Brown across the board, they seem underwhelming (with the exception of 11 TDs in 2020), but Brown has more than passed the eye test in a number of weeks in his young career. It’s simply a matter of keeping him healthy and the on field, and if Tennessee feels they can live with a few weeks missed throughout a season, then the time to pony up may be this offseason. Limited total production keeps his calculated value down around $18M per year, but it’s hard to imagine Brown not jumping into the $20M per year pool based on his potential.

Michael GinnittiJanuary 11, 2022

With the NFL postseason upon us, a quick look at how players are compensated for each playoff round, broken down by team, based on the agreed upon CBA costs.


Wild Card Weekend

This round stands out from the rest because it contains split pay based on a few factors. If the Wild Card team was a regular season division winner, players will each earn $42,500. If the team of the Wild Card game was not a regular season division winner, players from that team will each earn $37,500 - a $5,000 difference.

Additionally, the two teams who secured a #1 seed and were rewarded a bye for the Wild Card round will earn the lesser of these two payments, or $37,500 per player.

 

Divisional Round Winners
All players who are on the active 53-man roster the Sunday immediately preceding the divisional round games will earn $42,500 this year, up $9,500 from last season’s postseason.

 

Conference Championship Winners
All players who are on the active 53-man roster the Sunday immediately preceding the conference championship games will earn $65,000, up $6,000 from last year.

 

Super Bowl Payouts
Players from the winning Super Bowl team will cash an extra $150,000 each, while those from the losing team will earn $75,000 for their efforts.

 

Potential AFC Team Playoff Earnings
(per player)

  TEN KC BUF CIN LV NE PIT
Wild Card $37,500 $42,500 $42,500 $42,500 $37,500 $37,500 $37,500
Divisional $42,500 $42,500 $42,500 $42,500 $42,500 $42,500 $42,500
Conference $65,000 $65,000 $65,000 $65,000 $65,000 $65,000 $65,000
Super Bowl Loss Total $220,000 $225,000 $225,000 $225,000 $220,000 $220,000 $220,000
Super Bowl Win Total $295,000 $300,000 $300,000 $300,000 $295,000 $295,000 $295,000

 

Potential NFC Team Playoff Earnings
(per player)

  GB TB DAL LAR ARI SF PHI
Wild Card $37,500 $42,500 $42,500 $42,500 $37,500 $37,500 $37,500
Divisional $42,500 $42,500 $42,500 $42,500 $42,500 $42,500 $42,500
Conference $65,000 $65,000 $65,000 $65,000 $65,000 $65,000 $65,000
Super Bowl Loss Total $220,000 $225,000 $225,000 $225,000 $220,000 $220,000 $220,000
Super Bowl Win Total $295,000 $300,000 $300,000 $300,000 $295,000 $295,000 $295,000
Michael GinnittiJanuary 10, 2022

The Colts offseason has abrubtly started with their Week 18 surprise loss to the last place Jaguars. QB Carson Wentz seemed to solidify his role with a strong second half to the season, but his play this past Sunday will leave plenty with a bad taste in their mouth. 

If the Colts hadn’t sacrificed a 1st & 3rd round pick to acquire Wentz this past February, would it be a slam dunk that he would be handed the starting QB job in 2022? Let’s take a look at what the rest of his contract looks like from a stability standpoint.

Total Value
The deal has 3 years, $81.705M remaining, including $28.294M in 2022, $26.176M in 2023, & $27.235M in 2024. 

Guarantees & Dead Cap
$15M of his 2022 salary is already fully guaranteed, representing the only dead cap on the contract currently. If the Colts were to find a trade partner for Wentz this March, they could move him without taking on any dead cap, saving $13M of cap for the upcoming season. The date to watch is March 18th, when the remaining $7M of his 2022 salary full guarantees & a $6.29M roster bonus is paid. 

While unlikely, if Indy decides to outright release Carson Wentz before March 18th, they’d be responsible for his $15M of guaranteed salary, and nothing more. After 2022, the contract is in a pay-as-you-go format, with no early guarantees to deal with.

Concluding Thoughts
Despite a treacherous final weekend, Wentz actually stabilized the Indy offense for the better part of 2021. Factor in the ceiling for Jonathan Taylor, and ample cap space to add weapons to this roster in March, and it makes sense to let Carson take the reins for this team through 2022. The contract offers a free out after that, making Indy’s life much easier thereafter.x

Michael GinnittiJanuary 09, 2022
Assessing the upcoming offseason for each 2022 NFC West team, broken down by division, including projected cap space, players under contract, notable free agents, potential extension candidates, franchise tag possibilities, & trade/cut options.

Offseason Division Pieces

Arizona Cardinals

Projected Top 51 Cap Space: $20M

Under Contract (36): FULL ROSTER

2022 Dead Cap: $384k

Notable Restricted Free Agents: Michael Dogbe (DE, 25)

Notable Unrestricted Free Agents: James Conner (RB, 26), Christian Kirk (WR, 25), Chandler Jones (OLB, 31), A.J. Green (WR, 33), Zach Ertz (TE, 31), Maxx Williams (TE, 27), Chase Edmonds (RB, 25), FULL LIST

Franchise Tag Candidate: James Conner (RB, 26), potential $8M transition tag.

Draft Picks: R1, R2, R3, R5 (COMP), R5 (COMP), R6 , R7, R7 (COMP)

Extension Candidates

Kyler Murray (QB, 24)
Murray’s production has diminished in the second half of the season, but he’s done enough to show there’s a real future with him at the helm. With that said, is this team inline for a coaching change in 2022? If so, paying the QB early might not make sense. Murray projects to a 6 year, $260M extension currently.

Chandler Jones (OLB, 31)
There’s not a huge precedence for 31+ edge rushers cashing in, but Jones is the pass rusher that keeps on giving. There are a lot of mouths to feed in Arizona, and JJ Watt being under contract through 2022 could mean Jones is allowed to test the open market, but it seems likely there’s a $14M+ deal for him somewhere next season.


Potential Trades/Cuts

Andy Isabella (WR, 25)
The #62 overall pick from 2019 has 31 career receptions, including just 1 in 2021. The guarantees on his rookie contract ended last season, meaning there's actually $1.1M of cap space to be freed up if Arizona were to move on.

Tanner Vallejo (LB, 27)
Small potatoes here, but Vallejo is a role player with a near $2M cap hit in 2022. There's $1.66M to be freed up.

Matt Prater (P, 37)
Prater's cap hit more than doubles to $4.5M in 2022, putting the 37 year old on the soft bubble (assuming the Cardinals can find a viable replacement). Moving on means freeing up $3.575M of cap space.

Los Angeles Rams

Projected Top 51 Cap Space: $5M

Under Contract (44): FULL ROSTER

2022 Dead Cap: $242k

Notable Restricted Free Agents: Matt Gay (P, 27), FULL LIST

Notable Unrestricted Free Agents: Von Miller (OLB, 32), Sony Michel (RB, 26), Odell Beckham, Jr. (WR, 29), Brian Allen (C, 28), Austin Corbett (G, 26), FULL LIST

Potential Franchise Tag: None.

Draft Picks: R3 (COMP), R4 (COMP), R5, R6 (COMP), R6 (COMP), R6 (COMP), R7 (MIA), R7

Extension Candidates

Matthew Stafford (QB, 33)
It hasn’t exactly been the storybook year (yet) some predicted for Stafford and the Rams once the trade became official. Still, the 33 year old is Top 5 in Yards, Yards/Attempt, TDs, Rating, & QBR. There’s 1 year, $23M left on his current contract, and it’s conceivable the Rams let that play out as is, but an extension this offseason seems more likely. Mathematically speaking, Stafford is a $42.5M QB currently.

Von Miller (OLB, 33)
Miller hasn’t been as much of a factor in the pass rush since joining the Rams as he’s been during his Broncos tenure, but at nearly 33 years old, those days are likely in his rearview mirror. He’ll be asked to become a more versatile edge defender now, and projects to a 2 year, $18M extension.

Odell Beckham, Jr. (WR, 29)
Working in the slot in LA has upped OBJ’s opportunities (and TDs), but it’s hard to see him in a bigger role than this - no matter the team. With Cooper Kupp and Robert Woods locked up, and Van Jefferson showing enough to utilize his rookie contract value, OBJ’s days in LA are likely numbered. He projects to a 2 year, $11M contract currently.

Potential Trades/Cuts

A'Shawn Robinson (DT, 26)
Still a very productive player, Robinson finds himself here because he's one of the only contracts on the Rams' roster with a sizable 2022 cap hit, and decent savings if moved on from. A simple base restructure is a more likely solution here (especially with a $1M roster bonus already fully guaranteed), but there's $5.5M of cap space to be freed up if LA moves on.

San Francisco 49ers

Projected Top 51 Cap Space: $9.9M

Under Contract (32): FULL ROSTER

2022 Dead Cap: $3,9M

Notable Restricted Free Agents: Daniel Brunskill (OL, 27), FULL LIST

Notable Unrestricted Free Agents: Laken Tomlinson (G, 29), D.J. Jones (DT, 27), FULL LIST

Franchise Tag Candidate: None.

Draft Picks: R2, R3, R4, R5, R6 (DEN), R7 (COMP), R7 (COMP), R7 (COMP)

Extension Candidates

Deebo Samuel (WR, 25)
As just a pass catching WR alone, Samuel projects toward an $18M contract. Factor in 300+ rush yards, nearly 7 yards per attempt, and another 7 TDs to the mix, and it stands to reason Samuel will be the next $20M+ contract in the league. If the plan is to move on from Garoppolo’s big contract and turn the keys over to the rookie QB, this extension should be a slam dunk.

Nick Bosa (DE, 28)
Bosa becomes extension-eligible after 2021 and is having the kind of season the 49ers have been waiting for since selecting him #2 overall in 2019. With that said, his total resume falls well behind that of Watt, Garrett, or his brother currently, providing a calculated valuation currently sub-$20M. Is this a reasonable expectation? No. If we put 2021 into it’s own box, Nick Bosa is a $25M pass rusher, so for now, that’s the idea to build upon.

Potential Trades/Cuts

Jimmy Garoppolo (QB, 30)
For the most part, the Niners stuck to their guns in keeping Trey Lance on the sidelines for the majority of 2021. Garoppolo responded with a very Garoppolo-like season, good enough for most teams to appreciate, but likely not enough to keep him in San Franc's plans going forward. With just $1.4M of dead cap against a $27M cap hit, there's $25.6M to be freed up in trading or releasing the veteran QB.

Dee Ford (DE, 30)
Ford has struggled with a back injury for quite some time now, but the Niners stuck with him in 2021, opting to restructure his contract in March to move some dollars around. There's an injury guarantee on his $4.6M roster bonus due next April 1, but assuming he can pass a physical before then, the 49ers can free up about $2M by moving on.

Samson Ebukam (OLB, 26)
Ebukam has shown flashes of high production in 2021, but the 2nd year of his contract was always to be considered a bit of an option, as his cap figure jumps from $3.7M to $8.25M. There's $6.5M to be freed up by moving on.

Seattle Seahawks

Projected Top 51 Cap Space: $53M

Under Contract (37): FULL ROSTER

2022 Dead Cap: $1.8M

Notable Restricted Free Agents: Blessuan Austin (CB, 25), FULL LIST

Notable Unrestricted Free Agents: Duane Brown (LT, 36), Quandre Diggs (S, 29), Rashaad Penny (RB, 25), Alex Collins (RB, 27), Gerald Everett (TE, 27), FULL LIST

Franchise Tag Candidate: Quandre Diggs (S, 29) projected $13M

Draft Picks: R2, R3, R4 (NYJ), R4, R5, R7

Extension Candidates

D.K. Metcalf (WR, 24)
After a sizzling 2020, Metcalf (and the entire SEA offense) has come crashing back down to earth this season. With Russell Wilson’s future in doubt, and Tyler Lockett recently locked in, an early extension for Metcalf probably doesn’t make financial sense just yet, even if he does appear to be the real deal. The 24-year-old value just under $18M per year right now.

Bobby Wagner (LB, 31)
Wagner is nearing the end of his 3rd contract in Seattle, and for the most part the numbers look like a carbon copy of each other over the past 4 seasons. WIth that said, there’s absolutely no precedent for a 32 year old off-ball/middle linebacker garnering serious money at this stage of his career. Will he become a $5M player who still produces $15M numbers?

Russell Wilson (QB, 33)
Russell Wilson is an injured QB trying to finish out a bad season for a bad team. If we take all of that aside, it would still be crazy to see a team trade him away at age 33. Contractually Wilson has 2 years, $51M remaining, and projects to a 3 year, $126M extension - so it’s big money wherever you look.


Potential Trades/Cuts

Bobby Wagner (LB, 31)
Wagner probably belongs in the extension grouping, but the uncertainty of the Seattle roster as a whole puts everything in question. His $20.35M cap hit for 2022 is intolerable, and there's $16.6M to be freed up by moving on, but a restructured extension to lower this figure and keep the 10 year vet in Seattle seems the most likely path forward.

Christopher Carson (RB, 27)
Carson's extension was essentially a one year deal in terms of guarantee structure, and a serious neck injury now has his future in question. The contract holds $3M of dead cap against a $6.4M cap hit in 2022, but with Rashaad Penny & Alex Collins slated for free agency, there's a chance he sticks for one more year.

Jason Myers (K, 30)
Myers' consistency has fallen off of a cliff in 2021, and his $5M cap figure may be too rich to tolerate. With just $1M of dead cap on the final year of his contract, Seattle likely opts for the $4M saved here.

Kerry Hyder (DE, 30)
Hyder's cap figure nearly doubled ($3.7M) in 2022, putting him on a soft bubble this offseason. There's $2M to be freed up in moving on.

Michael GinnittiJanuary 08, 2022
Assessing the upcoming offseason for each 2022 NFC South team, broken down by division, including projected cap space, players under contract, notable free agents, potential extension candidates, franchise tag possibilities, & trade/cut options.

Offseason Division Pieces

Atlanta Falcons

Projected Top 51 Cap Space: $12M

Under Contract (31): FULL ROSTER

2022 Dead Cap: $15.6M

Notable Restricted Free Agents: Olamide Zaccheaus (WR, 24), FULL LIST

Notable Unrestricted Free Agents: Cordarrelle Patterson (RB, 30), Younghoe Koo (K, 27), Dante Fowler Jr. (DE, 27), FULL LIST

Franchise Tag Candidate: None.

Draft Picks: R1, R2, R2 (TEN), R3, R4, R5 , R6

Extension Candidates

Jake Matthews (OT, 29)
Matthews has been a staple on Matt Ryan’s blindside since entering the league in 2014. Not yet 30, a looming QB change for Atlanta should make shoring up the offensive line even more of a priority this offseason. The going rate for new LT contracts ranges from $17M-$23M currently.

Cordarrelle Patterson (RB, 30)
One of the toughest players we’ve had to attempt to evaluate over the past decade, Patterson appears to be pioneering a whole new “role” inside this modern offense, taking twice as many  receiving snaps as he has rushing snaps, though still largely considered a halfback in the league right now? So should he be paid like a 30 year old running back? Or a 30 year old WR3? We’ve split the difference, and the math sees a $9M per year extension in his future.

Potential Trades/Cuts

Matt Ryan (QB, 36)
After a disastrous start, Ryan and the Falcons' offense found their sea legs about halfway through 2021. Was it enough to keep him in the fold for 2022? Maybe. His contract certainly doesn't make it easy to move away. Matt Ryan's 2022 cap hit is a whopping $48.6M currently, with a whopping $40.525M of dead cap attached to it. A post 6/1 designation would need to be processed before March 18th, when a $7.5M roster bonus is due, to split the dead cap into a more reasonable $24.9M in 2022, & $15.6M in 2023, representing $23.75M of cap savings next year.

Mike Davis (RB, 28)
Davis was brought in to be the lead back this past March, but was quickly supplanted by Cordarrelle Patterson's outstanding campaign. With the latter scheduled for free agency, Davis might stick based out of necessity. But Atlanta could use the $2.5M in cap savings that come with moving on.

Calvin Ridley (WR, 27)
Ridley's return to Atlanta is TBD as he continues to remain away from the team due to a mental health battle. His $11.1M option salary for 2022 is already fully guaranteed, and will stay on the books until further notice.

Grady Jarrett (DT, 28)
Jarrett's production peaked in 2019, when he was truly one of the best interior defenders in all of football. While the 28 year old still has plenty to offer, a $23.8M cap hit scheduled for 2022 seems unlikely. The Falcons can certainly option to restructure/extend him for cap purposes, but if the opt to move on entirely, there's $16.5M to be freed up.

Carolina Panthers

Projected Top 51 Cap Space: $28M

Under Contract (40): FULL ROSTER

2022 Dead Cap: $7M

Notable Restricted Free Agents: Phillip Walker (QB, 26)

Notable Unrestricted Free Agents: Stephon Gilmore (CB, 31), Haason Reddick (OLB, 27), FULL LIST

Potential Franchise Tag: None.

Draft Picks: R1, R4 (HOU), R5 (JAX), R5, R6 (LV), R7 (TEN)

Extension Candidates

Stephon Gilmore (CB, 31)
It didn't take long for Gilmore to find himself back in the Top 10 CB ranks according to PFF. At 31 years old, a top of the market contract is likely out of the equation here, with Darius Slay’s $16.6M AAV signed at age 29 currently the oldest major contract on the books. Gilmore carries an $11M+ valuation into 2022. There's an outside chance that Carolina slaps a franchise tag on Gilmore to stop him from hitting the open market, but at $17.5M, it's a steep move.

Haason Reddick (EDGE, 27)
The numbers have been really good for two years now, first as a Cardinal, and lately with the Panthers. It stands to reason that someone is going to pony up a multi-year extension to charter his production, so why not Carolina? Bud Dupree’s 5 yr, $82.5M deal in Tennessee seems to be the benchmark.

D.J. Moore (WR, 24)
Moore is entering a contract year in 2022, with an $11.1M option salary to boot. He's posted 3 straight 1,000 yard seasons, with 12 touchdowns across that span. There's probably not a top of the market contract in his future, but a deal in the $18M per year range is certainly within reason.

Potential Trades/Cuts

Sam Darnold (QB, 24)
It's unlikely there will be a taker out there for Darnold at his current $18.8M price tag, but the Panthers agreeing to take on a portion of the salary could get a trade done. That's assuming of course that Carolina can acquire a proper upgrade for themselves at the QB position.

Christian McCaffrey (RB, 25)
Despite 4 years, $44M+ left on his contract, McCaffrey's guarantees run out after 2022, putting this at a practical 1 year, $8.6M commitment. With the Panthers in a bit of disarray offensively, it stands to reason they'll listen to offers. A pre June 1st move means $18.5M of dead cap to Carolina, which can split into $5.7M/$12.8M over two years if processed after that date.

New Orleans Saints

Projected Top 51 Cap Space: -$61M

Under Contract (40): FULL ROSTER

2022 Dead Cap: $12.5M

Notable Restricted Free Agents: Deonte Harris (WR, 24), Shy Tuttle (DT, 26), Carl Granderson (DE, 25), FULL LIST

Notable Unrestricted Free Agents: Terron Armstead (LT, 30), Marcus Williams (FS, 25), Jameis Winston (QB, 27),FULL LIST

Franchise Tag Candidate: Marcus Williams (FS, 25), projected $13M

Draft Picks: R1, R2, R3 (COMP), R3 (COMP), R4, R5, R7

Extension Candidates

Terron Armstead (LT, 30)
He’s been one of the best left tackles in football for awhile now, but has also never played an entire 16 game season in 9 years. With a contract set to expire this winter, and the Saints (naturally) in cap trouble heading toward the 2022 league year, it’s going to be complicated (but not impossible) to squeeze in the highest average offensive lineman contract in NFL history, but I’d still bet it gets done. The going rate is north of $23M per year.

Deonte Harris (WR, 24, RFA)
Currently serving a 3-game suspension for an off-field incident, Harris is a do-it-all player both as an offensive weapon and kick returner. He’s a downfield threat, an option in the slot, and certainly out of the backfield as well, putting him in legitimate conversation for a restricted offer sheet in the next few months. A second round tender ($3.9M) is highly likely from New Orleans, but a multi-year extension might be the smarter move. Tim Patrick’s 3 yr, $34M deal is a potential ceiling.

Marcus Williams (FS, 25)
Williams played 2021 on a franchise tag, and there's a decent chance New Orleans slaps another one on him next month. His patience has likely paid off, with new deals for Jamal Adams, Harrison Smith, & Justin Simmons pushing the safety market near $18M/year. Smith's $16M mark becomes the baseline here.

Marcus Davenport (DE, 25)
Davenport will be entering a contract year in 2022, with a fully guaranteed $9.8M option salary to boot. He's been a dominant edge defender when active, but staying on the field has been a problem as the 25 year old has seen action in just 47 of a possible 65 regular season games thus far. Davenport currently projects to a 4 year, $93M extension.

Potential Trades/Cuts

Michael Thomas (WR, 28)
Thomas' $15.35M salary for 2022 is guaranteed for injury currently, so the Saints are relying on the fact that he can pass a physical at the start of the league year to let them off the hook financially speaking. The current contract has 3 yrs, $51.95M left, but just the 2022 season contains early guarantees, so finding a trade partner isn't entirely out of the question here. If the plan is to release him, a Post June 1st designation seems the only answer, allowing the $22.7M of dead cap to split into $8.9M next year ($15.8M saved), $13.8M in 2022.

Malcolm Jenkins (FS, 34)
Jenkins still has games left in him, but the Saints will need to be creative with their financials yet again in 2022, putting his $11.7M cap figure on notice. A post June 1st release frees up $7.75M.

Bradley Roby (CB, 29)
Roby was acquired from Houston for a 3rd & 6th round pick, so it stands to reason that New Orleans would prefer to get another year out of the defensive back. A restructure is probably more likely here, a move that can free up $6.8M of cap space in 2022.

Tampa Bay Buccaneers

Projected Top 51 Cap Space: $31M

Under Contract (34): FULL ROSTER

2022 Dead Cap: $3.4M

Notable Restricted Free Agents: FULL LIST

Notable Unrestricted Free Agents: Chris Godwin (WR, 25), Leonard Fournette (RB, 26), Rob Gronkowski (TE, 32), Ronald Jones II (RB, 24), O.J. Howard (TE, 27), Ryan Jensen (C, 30), Ndamukong Suh (DT, 34), Jason Pierre-Paul (DE, 32), FULL LIST

Franchise Tag Candidate: Carlton Davis (CB, 24), projected $17.5M

Draft Picks: R1, R2, R3, R4, R5, R7

Extension Candidates

Carlton Davis (CB, 24)
A quad injury has slowed Davis’ season following a superb 2020, and his rookie contract is set to expire this coming March. Can the Bucs keep this current NFC contender together while also paying Davis top of the market CB money? Davis currently projects to a 5 year, $98M extension.

Vita Vea (DT, 26)
Vea’s not quite having the Top 5 DT year that 2020 was, but his ability to be involved in the pass rush makes him a bigtime weapon for Tampa over the next few years. He’s been extension eligible for a year now, and holds a $7.6M salary in 2022. UPDATE: Vea locked into a 4 year, $73M extension with the Buccaneers

Potential Trades/Cuts

Cameron Brate (TE, 30)
With Rob Gronkowski & OJ Howard both headed for free agency, Brate is currently the only TE option on the roster. But a minimal production year factored with $6.8M of savings to be had puts him squarely on the bubble regardless.

Michael GinnittiJanuary 07, 2022
Assessing the upcoming offseason for each 2022 NFC North team, broken down by division, including projected cap space, players under contract, notable free agents, potential extension candidates, franchise tag possibilities, & trade/cut options.

Offseason Division Pieces

Chicago Bears

Projected Top 51 Cap Space: $42M

Under Contract (32): FULL ROSTER

2022 Dead Cap: $3.2M

Notable Restricted Free Agents: FULL LIST

Notable Unrestricted Free Agents: Jason Peters (OT, 39), Allen Robinson (WR, 28), Akiem Hicks (DE, 32), FULL LIST

Franchise Tag Candidate: None.

Draft Picks: R2, R3, R5 (HOU), R5, R6

Extension Candidates

David Montgomery (RB, 24)
Montgomery has established himself as the dominant run option for Chicago over the past year and a half, with improved production in the passing game as well. He holds strong value over the last two years of his rookie deal ($1.1M, $1.2M), but should be in line for a 3-4 year extension tacked on. Joe Mixon’s 4 yr, $48M deal is a solid baseline.

Akiem Hicks (DE, 32)
Age isn’t slowing down Hicks, who remains a Top 20 defensive lineman according to PFF this year. While J.J. Watt’s $14M per year likely isn’t in reach, a 2 year extension in the $12M range could be.

Potential Trades/Cuts

Eddie Goldman (DT, 27)
Goldman probably has a few more above average years left in him, but a 2020 injury, and minimal production in 2021 put his $11.8M cap number on notice. There's $6.6M to be cleared here early, $8.8M if post June 1st.

Danny Trevathan (LB, 31)
Trevathan will finish the season on IR due to a knee injury, limiting his campaign to just 5 games in 2021. A post June 1st release frees up $3.5M of cap, but maybe more importantly $7M+ of cash.

Detroit Lions

Projected Top 51 Cap Space: $38M

Under Contract (34): FULL ROSTER

2022 Dead Cap: $8.1M

Notable Restricted Free Agents: FULL LIST

Notable Unrestricted Free Agents: Kalif Raymond (WR, 27), Jalen Reeves-Maybin (OLB, 26), Charles Harris (DE, 26), FULL LIST

Potential Franchise Tag: None.

Draft Picks: R1, R1 (LAR), R2, R3, R3 (COMP), R5 (COMP), R6, R6 (COMP), R7 (CLE), R7 (NE)

Extension Candidates

T.J. Hockenson (TE, 24)
Hockenson becomes extension-eligible after 2021, having played 40 games over his first 3 NFL seasons. His 2020 numbers (67 catches, 723 yards, 6 TDs) are probably a pretty good indication of what his next few years will look, so tacking on a few years to the two remaining on his rookie deal seems fairly safe. 4 years, $50M is the current baseline.

Charles Harris (DE, 26)
Harris has enjoyed a breakout season in terms of pass rush (7.5 sacks, 60 tackles to date). Was this a one-off, or can he be relied on for this type of production over the next few seasons? If Detroit thinks it’s the latter, Carl Nassib’s 3 year, $25M contract makes sense.

Potential Trades/Cuts

Michael Brockers (DT, 31)
Brockers joined Detroit on a 3 year, $24M contract this past March, but had minimal impact over the course of his first season. With $4M of his 2022 salary fully guaranteed, an outright release is unlikely, but there's a potential trade to be found here.

Trey Flowers (OLB, 28)
Flowers has been active for only 29 games in his 3 seasons with Detroit, having reeled in over $54M for his efforts. The Lions are on the hook for his $1.625M roster bonus (which became fully guaranteed last March), but there's a path to freeing up over $10M of cap space here regardless ($16M with a post 6/1 designation).

Green Bay Packers

Projected Top 51 Cap Space: -$37M

Under Contract (42): FULL ROSTER

2022 Dead Cap: $647k

Notable Restricted Free Agents: Allen Lazard (WR, 26), FULL LIST

Notable Unrestricted Free Agents: Davante Adams (WR, 29), De'Vondre Campbell (OLB, 28), Kevin King (CB, 26), Robert Tonyan Jr. (TE, 27), Rasul Douglas (CB, 26), FULL LIST

Franchise Tag Candidate: Davante Adams (WR, 29), $20.12M

Draft Picks: R1, R2, R3, R4, R4 (COMP), R5, R7 (CHI), R7, R7 (COMP)

Extension Candidates

Aaron Rodgers (QB, 38)
Rodgers has 1 year, $27M left on the deal and is still performing at an MVP-caliber level, but it seems likely that money will be low on the list of whether or not he remains in GB to finish out his career. The 38-year-old holds a whopping $46.3M valuation in our system, projecting to a 3 year, $13 9M extension.

Davante Adams (WR, 29)
Adams’ current 4 yr, $58M is the biggest WR deal the Packers have given out in franchise history (by $18M). It’s likely going to take more than double that figure to keep him in the fold going forward. Adams projects to a 5 year, $133M extension currently in our system. A $20.1M tag will offer time to negotiate, though the Packers might need to slap an exclusive tag on him to keep other teams away (projects to about $23M).

Rashan Gary (OLB, 24)
Gary becomes extension eligible after 2021, with a Top 10 edge defender rank attached to his name, and production that nearly doubles his 2020 campaign. He's a $20M player based on the last two years, and a $25M player based on 2021 alone, so the Packers need to be prepared for a Bosa/Watt/Garrett type deal in their future.

Rasul Douglas  (CB, 26)
Douglas was released by the Texans in August, signed to the Cardinals p-squad in September, and signed from that squad to the Packers in October. Since then, he’s been one of their best defensive players, and a Top 20 graded cornerback in the league according to PFF. Is there a 4 year, $40M extension in the pending free agent’s future?

Preston Smith (OLB, 29)
Smith has 1 year, $12.5M left on his contract, but carries a $19.75M cap figure in 2022. Statistically speaking he’s having one of the best seasons of his career, and while GB will have bigger decisions to make, extending this contract out a few years for cap purposes seems to carry some logic. A rough 2020 holds his valuation down at $11M per year, but Leonard Floyd’s $16M per year extension could be in the cards here. Za'Darius Smith is in an almost identical situation here, but a back injury puts him a bit behind the eight ball right now.

Potential Trades/Cuts

Aaron Rodgers (QB, 38)
He's only here because we feel obligated to do so, but conventional logic says neither side should be considering a divorce just yet. With that said, it isn't unreasonable to consider that Rodgers could retire should he and GB win it all this season. If the trade talk does come back into the fold, here's the deal. There's $26.8M of dead cap on the contract next year, which could split up unto $19.1/$7.6M over two years if a trade is done after June 1st, but that seems highly unlikely. An early trade frees up $19.3M of cap space, $26.9M of cash (and sends the entire organization into shock).

Randall Cobb (WR, 31)
Cobb was actually highly productive (as Rodgers expected), returning to the Packers' system. They may have to restructure/keep him if Aaron requests it, but a $9.6M cap hit seems too rich on the surface versus the $6.8M to be saved by moving on in some fashion.

Za'Darius Smith (OLB, 29)
It doesn't seem reasonable that Za'Darius, Preston Smith, & Rashan Gary remain together through 2022, especially since they currently account for a whopping $53M of cap next season. An extension for Gary, and a restructure on one of the Smith's seems logical. There's $15.75M to free up by moving on from Za'Darius, and $12.5M by moving on from Preston.

Minnesota Vikings

Projected Top 51 Cap Space: -$11M

Under Contract (47): FULL ROSTER

2022 Dead Cap: $7M

Notable Restricted Free Agents: None.

Notable Unrestricted Free Agents: Anthony Barr (OLB, 29), Patrick Peterson (CB, 31), Sheldon Richardson (DT, 31), Xavier Woods (FS, 26), FULL LIST

Franchise Tag Candidate: None.

Draft Picks: R1, R2, R3, R5 (BAL), R6 (NYJ), R6, R6 (KC), R7 (DEN)

Extension Candidates

Kirk Cousins (QB, 33)
Cousins has had Top 5 production across many statistical categories in 2021, but the wins just aren’t there to back them up. With that said, he’s entering a contract year in 2022, with a $45M cap hit to boot. In some fashion, this contract is getting addressed over the offseason (trade, restructure, extension, etc…).

Xavier Woods (FS, 26)
The veteran FS is on pace for his most productive season ever, playing on a slightly above minimum contract for 2021. If he’s primed for a starting role in 2022, a $4M per year deal becomes his baseline.

Potential Trades/Cuts

Kirk Cousins (QB, 33)
Statistically speaking, Cousins has never disappointed, but his contract becomes daunting when stacking it up against big wins, and playoff appearances. With 1 year, $35M (fully guaranteed) left, this is still a very tradable contract, and it stands to reason that a few calls could be made in that regard. Minnesota would take on $10M of dead cap with a trade away, freeing up $35M of cap and cash in the process.

Danielle Hunter (DE, 27)
Hunter missed the entire 2020 season (neck), and half of 2021 (torn pec), with injuries so there's a long road ahead still. Factor in a $26.12M cap hit for 2022 (thanks to an $18.5M roster bonus), and it's a certainty that something is forthcoming with the edge rusher's contract. At this point, a trade then restructure still seems feasible, a move that would leave $7.4M of dead cap with Minnesota, freeing up $18.64M of cap space.

Michael GinnittiJanuary 05, 2022
Assessing the upcoming offseason for each 2022 NFC East team, broken down by division, including projected cap space, players under contract, notable free agents, potential extension candidates, franchise tag possibilities, & trade/cut options.

Offseason Division Pieces

Dallas Cowboys

Projected Top 51 Cap Space: -$11M

Under Contract (42): FULL ROSTER

2022 Dead Cap: $7M

Notable Restricted Free Agents: Luke Gifford (LB, 26)

Notable Unrestricted Free Agents: Michael Gallup (WR, 25), Randy Gregory (OLB, 29), Dalton Schultz (TE, 25), Jayron Kearse (S, 27), Connor Williams (G, 24), FULL LIST

Franchise Tag Candidate: Dalton Schultz (TE, 25), projected $11M

Draft Picks: R1, R2, R3, R4, R5, R5 (COMP), R6

Extension Candidates

Dalton Schultz (TE, 25)
Schultz has 140 catches , 1400 yards, and 10 TDs in the past two seasons, taking over for the injured Blake Jarwin in each. Jarwin's contract can be moved on from this March, paving the way for a franchise tag and subsequent extension for Schultz. He projects to 4 years, $51M.

Connor Williams (G, 24)
The Cowboys are simply a better offensive line with Williams in it, specifically at left guard. He's set to hit the open market this March, and Connor McGovern has 1 year left on his team-friendly rookie contract, but with Dallas in win-now mode, shoring up the best O-Line possible seems the right play. Williams projects to 4 years, $53M.

Potential Trades/Cuts

Blake Jarwin (TE, 27)
Jarwin has bigtime production ability, but back to back injured seasons, and the emergence of Dalton Schultz, puts his 2 years, $11.5M remaining on notice. There's $4.25M of cap space to be cleared with an early release.

New York Giants

Projected Top 51 Cap Space: $2.8M

Under Contract (43): FULL ROSTER

2022 Dead Cap: $289k

Notable Restricted Free Agents: None.

Notable Unrestricted Free Agents: Evan Engram (TE, 27), Nate Solder (OT, 33), Jabrill Peppers (S, 26), FULL LIST

Potential Franchise Tag: None.

Draft Picks: R1, R1 (CHI), R2, R3, R3 (MIA), R4 (CHI), R5, R5 (KC), R6

Extension Candidates

James Bradberry (CB, 28)
After a strong 2020 campaign with the Giants, Bradberry’s 2021 numbers have admittedly dipped, but the Giants don’t appear headed for a rip the band-aid off rebuild, so keeping the veteran in the fold makes sense. Bradberry projects to a $12.5M per year extension.

Saquon Barkley (RB, 24)
While this certainly doesn’t seem likely right now, with the QB position in disarray, locking in a potential high-ceiling weapon like Barkley isn’t completely out of the question. With 2 years, $17M (fully guaranteed) remaining on his rookie contract, and a franchise tag available thereafter if necessary, the only logical reason to extend Barkley now is to have control over his cap hits ($10M in 2022, $7.2M in 2023). Barkley projects to a $5.2M per year extension.

Potential Trades/Cuts

Sterling Shepard (WR, 28)
There's a lot to like about Shepard, but he's failed to complete a full season for three straight years now, and with Golladay & Toney now in the mix, his role was already in line to be diminished. Both sides could stand for a change of scenery, and the Giants can free up $4.5M with an early release, $8.5M after June 1st.

Kyle Rudolph (TE, 32)
Rudolph's cap number jumps up $3M in 2022 ($7.425M), and when factoring in minimal production in 2021, and the Giants snug with cap space, there's little reason to believe he remains in his contract. New York can free up $5M of space by moving on.

Blake Martinez (LB, 27)
Martinez was good in 2020, but a torn ACL cut his 2021 campaign short after just 3 weeks. He's a player who can still contribute when healthy, but a $14M cap figure for 2022 right now has to be addressed somehow. Moving on frees up $8.5M.

Philadelphia Eagles

Projected Top 51 Cap Space: $13.8M

Under Contract (37): FULL ROSTER

2022 Dead Cap: $22M

Notable Restricted Free Agents: Boston Scott (RB, 26), Nate Herbig (G, 23), Greg Ward (WR, 26), FULL LIST

Notable Unrestricted Free Agents: Jason Kelce (C, 34), Derek Barnett (DE, 25), Anthony Harris (S, 30), Steven Nelson (CB, 28), FULL LIST

Franchise Tag Candidate: None.

Draft Picks: R1 (MIA), R1, R1 (IND), R2, R3, R4, R5 (WSH), R5, R5 (ARI), R6 (IND), R6 (TB)

Extension Candidates

Isaac Seumalo (OL, 28)
Seumalo hit the IR after just 3 weeks with broken bones in his foot, but there’s a long-term spot for him on this O-Line, at the very least in a versatile reserve role. With experience at center, and Jason Kelce headed for potential retirement, it makes sense to tag on a few years to the 1 year, $5.6M left on his current deal.

Miles Sanders (RB, 24)
Between Hurts, Sanders, Scott, & Howard, the Eagles have benefited from a rush-by-committee in 2021. Sanders carries team friendly cap hits of $1.4M, $1.7M through 2023, so there’s no rush to lock in a deal on paper, but jumping in early on this deal could provide value in years 3 & 4. 3 years, $12.5M is the current projection.

Potential Trades/Cuts

Gardner Minshew (QB, 25)
The Eagles acquired minshew just prior to Week 1 for a 6th round pick, and he looked every bit the part in limited snaps behind Jalen Hurts this season. It's tough to guage where the QB position is going for Philly, who have overachieved a bit in 2021, but could very much be in the running for one of the splashy veteran names being thrown around. In any sense, Minshew may be a wanted man by teams in much more need at the position, and his 1 year minimum salary should be very tradable.

Washington Football Team

Projected Top 51 Cap Space: $59M

Under Contract (36): FULL ROSTER

2022 Dead Cap: $702k

Notable Restricted Free Agents: Kyle Allen (QB, 25), FULL LIST

Notable Unrestricted Free Agents: Brandon Scherff (G, 29), Cornelius Lucas (OT, 30), J.D. McKissic (RB, 28), FULL LIST

Franchise Tag Candidate: None.

Draft Picks: R1, R2, R3, R4, R6, R7

Extension Candidates

Terry McLaurin (WR, 26)
McLaurin becomes extension eligible after 2021, and has established himself as the clearcut #1 weapon for the WFT. The 26 year old averages 14 yards per catch, and currently values at $18M per year. With question marks at the QB position, he may not be ready to lock in long-term this offseason.

Brandon Scherff (G, 29)
Scherff is a pending UFA having played out an $18M 2nd franchise tag in 2021. It’ll take topping Joe Thuney’s 5 year, $80M contract in Kansas City to vie for his services going forward.

Montez Sweat (DE, 25)
The former 1st round pick becomes extension eligible after 2021, and should be next in line to cash in on the defensive line in Washington. Trey Hendrickson's recent 4 yr, $60M becomes a baseline for Sweat, who holds a $17.5M valuation heading toward the offseason.

Potential Trades/Cuts

Matthew Ioannidis (DT, 27)
The WFT's D-Line is loaded with youngsters, most of which are nearing the point of their big-time extensions. With pass-rush production all but diminished over the past two seasons, Ioannidis' trade or release can free up $6.9M of cap & cash this offseason.

Michael GinnittiJanuary 03, 2022

Our NFL offseason series continues with a look at the running back position for each team heading into 2022, making note of potential RB1/RB2 possibilities, notable extension candidates, players heading to free agency, restructure candidates, and plenty more.

Offseason Position Pieces

Arizona Cardinals

RB1: UFA | RB2: UFA

James Conner & Chase Edmonds handled nearly every snap for the Cardinals, and are both on expiring contracts. Conner probably has the better chance of the two to return, with a $6M valuation attached to his offseason.

Atlanta Falcons

RB1: UFA | RB2: 1 yr, $3.25M

Mike Davis entered 2021 as one of the fantasy sleeper darlings. He was quickly pushed into an RB2 role with the explosion of Cordarrelle Patterson onto the scene. Davis holds a $3.25M cap hit for 2022, while Patterson is set to carry a $9M valuation to the open market. He’s a fringe franchise tag candidate.

Baltimore Ravens

RB1; 2 yrs, $2.5M | RB2: 2 yrs, $8.6M

We’re referencing two running backs here, JK Dobbins, & Gus Edwards, who didn’t see a snap in 2021 but should still be the expected 1-2 punch for the Ravens in 2022. If they’re healthy, this has extremely high ceiling potential.

Buffalo Bills

RB1: 1 yr, $965k  | RB2: 2 yrs, $2.1M

Devin Singletary & ??Zack Moss don’t appear to be the long-term solutions for Buffalo, but with extremely friendly rookie salaries in front of them, it makes little sense to move on without cause. The Bills could be in the market for a veteran upgrade here, so a late offseason trade for one of these two may be on the table.

Carolina Panthers

RB1: 4 yrs, $44M ($8M GTD) | RB2: 3 yrs, $2.7M

Christian McCaffrey’s roster spot will likely be a hot topic early this offseason, as the 25 year old hit the injury list again in 2021. But with $8.1M of his 2022 salary fully guaranteed, & $26.6M of dead cap attached to his 2022 season, it’s safe to assume he sticks, barring a trade of course. Chuba Hubbard filled in admirably for a few 2021 weeks, and his rookie contract makes him a lock to remain in that role.

Chicago Bears

RB1: 1 yr, $965k | RB2: 2 yrs, $9.75M

David Montgomery enters the offseason as a prominent extension candidate, currently valuing to a 4 year, $51M contract. A healthy Tarik Cohen should rejoin this rotation as the #2 back, but his recovery from a torn ACL has been slow going thus far. $2.5M of Cohen’s 2022 salary is guaranteed for injury, and will become fully guaranteed in March.


Cincinnati Bengals

RB1: 3 yrs, $29M | RB2: 1 yr, $1.5M

A healthy Joe Mixon has proved to be one of the best RBs in the league, and while his contract is in a pay-as-you-go structure from here out, Cincy should have no problem playing out two more years on the current contract. His $11.45M cap hit for 2022 makes him a base salary restructure candidate. Samaje Perine should stick as the RB2 with a $1.8M cap hit for 2022.

 

Cleveland Browns

RB1: 3 yrs, $27.2M | RB2: 1 yr, $6.25M

The Browns possess one of the best one-two punches in the league, and should continue to see major value out of the group through 2022. Nick Chubb ($5.2M) & Kareem Hunt ($6.25M) combine for $11.4M of cap next season, while fill-in D’Ernest Johnson should qualify for a RFA tender of $2.4M.

 

Dallas Cowboys

RB1: 5 yrs, $65.3M ($12.4M GTD) | RB2: 1 yr, $965k

Ezekiel Elliott’s contract seems ridiculous at this stage, but the guarantees tell a much different story. Elliott’s $12.4M 2022 salary is already guaranteed, and his $18.2M cap hit screams for another base salary restructure, which would free up over $9M, but raise his 2023 dead cap hit to $20.9M. Dallas’ RB1B Tony Pollard enters a contract year in 2022, on a minimum $965k salary, carrying a $4M per year valuation. Will a Pollard extension signal a one and done situation for Zeke?

 

Denver Broncos

RB1: UFA | RB2 : 3 yrs, $4.3M

Javonte Williams appears primed to take over the RB1 role with Melvin Gordon headed for free agency. Despite being 28, Gordon still holds a $5M+ valuation heading toward the open market, and could be in consideration for teams like Miami, Houston, or Tampa. Denver will likely be in the market for a mid round RB in the draft, or a vet. minimum option in free agency.

Detroit Lions

RB1: 2 yrs, $3M | 1 yr, $3.75M

D'Andre Swift’s role as a pass-catching RB was further established in 2021, and should become a large part of the Lions’ offense over the next 2 seasons, if he can stay on the field. Veteran Jamaal Williams holds a slightly high $4.375M cap hit in 2022 in regards to an RB2, and it’s possible that youngster Jermar Jefferson beats him out for that role, but keeping everyone in the fold probably more sense as well here.

Green Bay Packers

RB1: 3 yrs, 33.75M | RB2: 2 yrs, $2.3M

Aaron Jones & ??A.J. Dillon represent one of the best combos in football, and with question marks at the QB position going forward in Green Bay, could be one of the more relied on duos as well. Jones has no additional guaranteed salary left on his contract, but an early March roster bonus ($3.75M) secures his contract through 2022. It becomes “year-to-year” thereafter. Dillon’s lack of a role has his early valuation down at $3M, but expanded opportunities (especially as a pass catcher) should see this more than double in the coming months.

Houston Texans

RB1: UFA | RB2: UFA

This is going to be a trend for Houston across many positional categories, as the 2021 team is comprised largely of 1 year contracts. 30 year old David Johnson & 31 year old Rex Burkhead probably won’t factor into the future plans, though Johnson still has the ability to snag a few balls out of the air with regularity. He carries a $1.5M valuation into free agency this March. The Texans have two 3rd round picks in 2022, a seemingly perfect spot to find their next big RB weapon for the future.

 

Indianapolis Colts

RB1: 2 years, $3M | RB2: 3 yrs, $13.9M

Well there’s certainly no question who the RB1 will be going forward. ??Jonathan Taylor isn’t just the best running back in football, but a strong MVP candidate as well. His rookie contract runs through 2023, and he’ll become extension eligible after the 2022 season. He projects currently to a 5 year, $76M extension. Nyheim Hines, a versatile option behind Taylor, is fully guaranteed through 2022 at $3.3M.

 

Jacksonville Jaguars

RB1: 1 yr, $895k | RB2: 3 yrs, $5.4M

Both James Robinson & Travis Etienne will be recovering from injuries this offseason, but for now we’ll assume them as the top two options for 2022. Robinson is eligible for restricted free agency after 2022, and holds an $8.8M valuation currently.

Kansas City Chiefs

RB1: 2 yrs, $3.5M + option | RB2: UFA

A Clyde Edwards-Helaire does seem a nice fit for this high-flying offense, and he’s under team control through 2024. Very capable backup Darrel Williams is a pending free agent, carrying a $2.2M valuation currently. At 26, he may be seeking a last shot at a starting role & contract.

Las Vegas Raiders

RB1 : 1 yr, $2.1M + option | RB2: 1 yr, $8M

Josh Jacobs isn’t having quite the rushing year he’s showed in his previous two seasons, but with 50+ catches out of the backfield he’s established himself as a more dangerous weapon than anticipated. He’s an extension candidate this winter, projecting to a 4 year, $40M deal right now. It’s still hard to understand the Kenyan Drake signing last March, but the near 28 year old has $5.5M fully guaranteed in 2022, as he recovers from a broken ankle.

Los Angeles Chargers

RB1: 2 yrs, $10.75M | RB2 : UFA

$1.25M of Austin Ekeler’s $5M salary for 2022 becomes fully guaranteed in early March, further supplanting the 26 year old in his RB1 role for another season. Justin Jackson posted a solid 2021 in a backup role, and should be on the radar of a few teams this offseason for a larger opportunity. It stands to reason that 2020 4th round pick Josh Kelley will slide into the RB2 role for 2022.

Los Angeles Rams

RB1: 2 yrs, $2.5M | RB2: 1 yr, $1M

Sony Michel’s success in this offense has generated some confusion with the RB group going forward, but it’s unlikely that the Rams retain him on the contract he’ll be seeking (or the one Miami will offer him). For now, Cam Akers should retain the RB1 role, locked in through 2023, and Darrell Henderson will enter a contract year as the RB2. There’s probably a near-minimum veteran to be signed here next March.

Miami Dolphins

RB1:1 yr, $965k | RB2: UFA

Myles Gaskin has proven to be a nice, but limited, option out of the backfield in Miami. The Dolphins are a team poised to sign or draft a major asset or two at this position over the next few months. Gaskin enters a contract year on a rookie minimum, so he’ll likely stick in a depth role.

Minnesota Vikings

RB1: 4 yrs, $46M | RB2: 1 yr, $965k

Dalvin Cook’s contract actually possesses an out after 2021, but that’s a ridiculous idea to entertain (for now). In fact, a base salary restructure for Cook can free up nearly $6M of cap space for the Vikings in 2022. His dependable backup Alexander Mattison is entering a contract year in 2022, on a minimum $965k salary. Mattison holds a $2.5M valuation currently.

New England Patriots

RB1: 1 yr, $965k | RB2: 3 yrs, $2.8M

Damien Harris has shown big game potential the past season and half, but enters a contract year in 2022. Is he primed for the prototypical $4M-$5M per year extension in New England? RB2 Rhamondre Stevenson is a gamer, and should have no trouble sticking on minimum salaries for 2-3 more years, with RB1 in his sights if Harris isn’t re-signed.

New Orleans Saints

RB1: 4 yrs, $59M | RB2: 1 yr, $2.3M

With the QB position in flux, and the cap issues certain to cause more casualties on the defensive side of the ball (and potentially OL), Alvin Kamara may be in for quite a workload in 2022. His $11.5M salary in 2022 is already fully guaranteed, and $4M of his 2023 compensation locks in this coming March. A simple restructure on Kamara’s 2022 compensation can free up $8.3M of cap space for New Orleans (book it.). Meanwhile, RB2 Mark Ingram has already been extended through the 2022 season, and should be locked into that spot.

New York Giants

RB1: 1 yr, $7.2M | RB2: 1 yr, $2M

Saquon Barkley will be heading toward the 5th and final year of his rookie contract in 2022, likely without a contract extension under his belt. A good year likely prompts a franchise tag in 2023. Backup Devontae Booker carries a non-guaranteed $2M salary for next season, with $1M to be freed up if the Giants look elsewhere.

New York Jets

RB1: 3 yrs, $2.8M | RB2: UFA

Michael Carter appears to have a real chance to secure and thrive in a RB1 role going forward, and the Jets will have him on minimum salaries through 2024. Tevin Coleman likely walks into free agency, leaving Ty Johnson & La'Mical Perine under rookie contracts to vie for a potential RB2 role. There’s probably a veteran signing to be made here.

Philadelphia Eagles

RB1: 1 yr, $1.2M | RB2: RFA

Miles Sanders has enough talent to be an RB1 in this league, but he struggles to stay on the field for large chunks of time. He’ll enter a contract year in 2022, and is a fringe extension candidate. Boston Scott will need an RFA tender (or a multi-year extension) this winter, and Philly will need to choose between an original round tender (6th round pick, $2.5M), or a 2nd round tender ($3.9M). Kenneth Gainwell showed nice flashes in his first season, and could be a factor in additional contracts for Sanders/Scott.

Pittsburgh Steelers

RB1: 3 yrs, $5.5M + option | RB2: 1 yr, $965k

Safe to say Najee Harris hasn’t had the start to his NFL that he and we all expected, but anyone with knowledge of the offensive line that was slapped together for Pittsburgh in 2021 should know that better days are likely coming. Benny Snell Jr. has a 1 year minimum salary left, but could be upgraded this offseason.

San Francisco 49ers

RB1: 3 yrs, $3.2M | RB2: 3 yrs, $2.8M

Raheem Mostert, Jeff Wilson, & Trenton Cannon are all slated for free agency, and will likely walk there thanks to a talented group ready to take over in ??Trey Sermon, Elijah Mitchell, & JaMycal Hasty. Trey Lance should have plenty of help out of the backfield in 2022.

Seattle Seahawks

RB1: 1 yr, $4.925M | RB2: UFA

Chris Carson’s future isn’t exactly secure, as the 27 year old is recovering from disc-fusion surgery. But his return to health should mean he slots back into a starting role, on a non-guaranteed $4.9M salary. Rashaad Penny & Alex Collins have both shown nice flashes this seasons, but it’s likely both walk into free agency as well, leaving Travis Homer (1 yr, $965k), & DeeJay Dallas (2 yrs, $1.9M) to vie for the RB2 role.

Tampa Bay Buccaneers

RB1: UFA | RB2: UFA

Will Leonard Fournette take another slight discount to remain as Tom Brady’s backfield weapon, or will a RB-needy team make an offer the Bucs simply can’t match this offseason? Fournette projects to a 2 year, $12M contract currently. With Ronald Jones II almost certain to hit the open market, Ke'Shawn Vaughn (2 yrs, $2.2M) has a legitimate chance to gain a starting role in 2022 - possibly even the RB1 spot.

Tennessee Titans

RB1: 2 yrs, $24.5M | RB2: 2 yrs, $2.1M

Derrick Henry’s contract contains an out after 2021, but nobody in their right mind expects that to be considered. It’s much more likely a base restructure is applied to free up cap for other team needs, adding a little more dead cap to 2023. The RB2 role is likely Darrynton Evans’s to lose, as both Jeremy McNichols & D'Onta Foreman are headed for free agency.

Washington Football Team

RB1: 2 yrs, $2.2M | RB2: UFA

Antonio Gibson should return as the featured back in 2022, with 2 years remaining on his rookie contract. The backup role is up for grabs, as 28 year old J.D. McKissic is a pending free agent. McKissic holds a $3.5M valuation, which should be considered with his ability to catch balls out of the backfield. UDFA Jaret Patterson could slide into the RB2 role as well.

Michael GinnittiJanuary 01, 2022
Assessing the upcoming offseason for each 2022 AFC South team, broken down by division, including projected cap space, players under contract, notable free agents, potential extension candidates, franchise tag possibilities, & trade/cut options.

Offseason Division Pieces

Houston Texans

Projected Top 51 Cap Space: $39M

Under Contract (29): FULL ROSTER

2022 Dead Cap: $35M

Notable Restricted Free Agents: None.

Notable Unrestricted Free Agents: Tyrod Taylor (QB, 32), David Johnson (RB, 30), Maliek Collins (DT, 26), FULL LIST

Franchise Tag Candidate: None.

Draft Picks: R1, R2, R3, R3 (NO), R4 (LAR), R6, R6 (SF), R6 (GB), R7 (DAL)

Extension Candidates

Brandin Cooks (WR, 28)
It was a surprise that Cooks wasn’t moved at the trade deadline, and now just weeks later it seems plausible that a multi-year extension to keep him in Houston could make sense as well. With Davis Mills trending toward being the 2022 QB, quickly building up pieces around him will be the plan, and Cooks certainly fits that bill. With 1 year, $13.7M left on his current deal, a 4 year, $68M extension could be in the cards.

Potential Trades/Cuts

Deshaun Watson (QB, 26)
Watson held out the entire 2021 season, a $10.54M healthy scratch. His off-field legal issues are well-documented, and should have some form of resolution in Februrary 2022, just before the window to trade him will re-open for Houston. His contract holds 4 yrs, $136M left on it, $35M of which is fully guaranteed today, another $37M of which locks in this coming March. The Texans will free up $24.2M of cap space with an early offseason trade and it seems likely there will be a handful of suitors willing to offer multiple Top 100 picks for his services going forward.

Indianapolis Colts

Projected Top 51 Cap Space: $57M

Under Contract (35): FULL ROSTER

2022 Dead Cap: $818k

Notable Restricted Free Agents: Ashton Dulin (WR, 24), FULL LIST

Notable Unrestricted Free Agents: Eric Fisher (OT, 30), T.Y. Hilton (WR, 32), Mark Glowinski (OG, 29)
Xavier Rhodes (CB, 31), Al-Quadin Muhammad (DE, 26), FULL LIST

Potential Franchise Tag: None.

Draft Picks: R2, R3, R4, R5, R5 (COMP), R6 (COMP), R7 (PHI), R7

Extension Candidates

Quenton Nelson (OG, 25)
One the games premier guards has a $13.75M 5th year left on his rookie contract for 2022. At some point between now and then, it’s hard to imagine him not becoming the highest paid guard in NFL history. For now, that means $16M per year, $47M guaranteed.

Matt Pryor (OT, 27)
While Eric Fisher was brought in to be Carson Wentz’s safety guard, his injuries have afforded Pryor a chance to take on the bigger role, and he’s been up to the challenge for the most part. A buy low extension for Pryor might be strong value for Indy, even if he reverts back to the right side of the line eventually.

Rock Ya-Sin (CB, 25)
The former 2nd round pick becomes extension eligible after 2021, and could become a very important part of the Colts secondary with Xavier Rhodes headed for free agency. Michael Davis' 3 year, $25M deal with the Chargers is a safe comp.

Potential Trades/Cuts

TBD

Jacksonville Jaguars

Projected Top 51 Cap Space: $71M

Under Contract (37): FULL ROSTER

2022 Dead Cap: $18M

Notable Restricted Free Agents: Andrew Wingard (S, 25), FULL LIST

Notable Unrestricted Free Agents: Cam Robinson (OT, 26), Andrew Norwell (OG, 30), DJ Chark (WR, 25), FULL LIST

Franchise Tag Candidate: Cam Robinson (OT, 26), projected $16.5M.

Draft Picks: R1, R2, R3, R3 (CAR), R4, R5, R6, R6 (SEA), R6 (PIT), R6 (PHI), R7, R7 (BAL)

Extension Candidates

Cam Robinson (OT, 26)
Robinson probably isn't the long-term option for Trevor Lawrence's blindside, and the advanced metrics are very much against his services, but the Jags can't go backwards at this position even for one season. Keeping Robinson in the fold as they attempt to upgrade him via the draft or free agency (or both) isn't the worst idea in the world. The Jags have plenty of cap space to work with, so a second franchise tag ($16.5M) could also be in the cards here.

Josh Allen (OLB, 24)
The other Josh Allen becomes extension eligible after the 2021 season, and should be locked in as the cornerstone defensive player for Jacksonville going forward. After an outstanding rookie year, Allen missed half of 2020, but has rebounded nicely through his third campaign. Matt Judon's 4 yr, $54M deal is the current baseline comp, though Allen's ceiling puts him in content for a $20M per year contract.

Potential Trades/Cuts

Carlos Hyde (RB, 31)
Hyde filled in admirably throughout the season with Etienne going down early, and Robinson injured late in the year. The return of both, plus a restricted tender for Dare Ogunbowale, should be Hyde's spot in question, who may be seeking brighter skies himself anyway. Jacksonville can clear $2M of his $2.45M cap hit by moving on.

Chris Manhertz (TE, 29)
Manhertz isn't going to pile up pass-catching numbers, but has value in other facets of the game. The acquisition of Dan Arnold lessens his role a bit, and should Luke Farrell or an offseason addition outperform him over the summer, there's nearly $2M to be saved here.

Tennessee Titans

Projected Top 51 Cap Space: $14M

Under Contract (37): FULL ROSTER

2022 Dead Cap: $760k

Notable Restricted Free Agents: Derick Roberson (LB, 26), FULL LIST

Notable Unrestricted Free Agents: Harold Landry  (EDGE, 25), Jayon Brown (LB, 26), Matthias Farley (S, 29), Ben Jones (C, 32), x David Quessenberry (OT, 31), FULL LIST

Franchise Tag Candidate: Harold Landry  (EDGE, 25), projected $18.5M

Draft Picks: R1, R3, R4, R4 (COMP), R5, R6, R6 (COMP)

Extension Candidates

Harold Landry  (EDGE, 25)
Landry has more than filled the void that Bud Dupree was supposed to cover when the Titans locked him in at $16.5M per year this past March. Landry’s projection currently sits at 4 yrs, $70M.

Jeffery Simmons (DL, 24)
Simmons is rounding into one of the more versatile DLs in the game, and should be high on the list of Titans players to be locked up. With that said, pass rush probably ranks higher on the pecking order right now. The going rate for a pass rushing interior lineman starts at $18M per year, with $20M plus a very strong reality. 

A.J. Brown (WR, 24)
Brown has big play ability anytime he’s on the field, and there have been games that he’s simply put the team on his back. But the overall resume looks a heck of a lot like Kenny Golladay’s as he entered free agency this past March, and the current valuation (4 years, $71M) looks alot like that too.

Potential Trades/Cuts

Kendall Lamm (OT, 29)
Lamm has been reduced to a depth role (less than 100 snaps) putting his $4.15M cap figure for 2022 highly in question. With just $850,000 of dead cap attached to the deal, there's $3.3M of cap space to be freed up by moving on.

Michael GinnittiJanuary 01, 2022
Breaking down the upcoming offseason for each 2022 NFL team, broken down by division, including projected cap space, players under contract, notable free agents, potential extension candidates, franchise tag possibilities, & trade/cut options.

Offseason Division Pieces

Denver Broncos

Projected Top 51 Cap Space: $49M

Under Contract (38): FULL ROSTER

2022 Dead Cap: $6.3M

Notable Restricted Free Agents:DeShawn Williams (DT, 29), Malik Reed (LB, 25), FULL LIST

Notable Unrestricted Free Agents: Teddy Bridgewater (QB, 29), Melvin Gordon (RB, 28), A.J. Johnson (LB, 30), Josey Jewell (LB, 27), Kenny Young (LB, 26), Kareem Jackson (S, 33), FULL LIST

Franchise Tag Candidate: None.

Draft Picks: R1, R2, R2 (LAR), R3, R3 (LAR), R4, R5 (DET), R5, R7 (SF)

Extension Candidates

Bradley Chubb (EDGE, 25)
Chubb has battled injuries in 2 of his 4 seasons with Denver, but has 19.5 sacks combined in the other 2. There’s a high ceiling here, and with Von Miller not out of the equation, it stands to reason that Chubb is paid the long-term money, especially if the plan is to drop a veteran QB onto this roster in 2022. Chubb holds a $12.7M 5th year on his rookie contract, so a deal this offseason isn’t imperative. Games missed has his calculated value around $13.5M, with Matt Judon’s recent contract in New England as the closest comp.

Noah Fant (TE, 24)
Fant becomes extension eligible after 2021, and while the focus will be on finding a new QB to man the ship, it’s within reason that locking in their former #20 overall selection is in the cards this offseason as well. Jonnu Smith is the best comp currently, leading to a 4 year, $51M valuation.

Potential Trades/Cuts

Drew Lock (QB, 25)
Lock squandered his chance to be the next franchise QB for the Broncos, and the guarantees on his rookie contract expired in 2021. There's $1.45M of cap & cash to be cleared by moving on this offseason.

Kansas City Chiefs

Projected Top 51 Cap Space: $29M

Under Contract (30): FULL ROSTER

2022 Dead Cap: $2.3M

Notable Restricted Free Agents: Marcus Kemp (WR, 26), FULL LIST

Notable Unrestricted Free Agents: Tyrann Mathieu (S, 29), Orlando Brown Jr. (LT, 25), Charvarius Ward (LB, 26), Byron Pringle (WR, 28), Darrel Williams (RB, 26), FULL LIST

Franchise Tag Candidate: Orlando Brown Jr. (LT, 25), projected $16.5M

Draft Picks: R1, R2, R3, R4, R6 (BAL), R7 (MIN), R7 (LV), R7, R7 (COMP), R7 (COMP)

Extension Candidates

Tyrann Mathieu (S, 29)
Mathieu’s been vocal about wanting/expecting a new deal with the Chiefs, and for all intents, his numbers back up that request. Harrison Smith’s $16M mark is likely the pricepoint he’s looking for, though the calculated valuation stands at just over $15M per year currently.

Orlando Brown Jr. (LT, 25)
Brown grades out about the same as a left tackle that he did as a right tackle, though Patrick Mahomes is currently on pace to be handed the most sacks in his career. The reality here is that KC doled out a 1st, 3rd, & 4th round pick to bring Brown in, so a multi-year extension is happening, and our projections put that at 5 years, $90M currently.

Tyreek Hill (WR, 27)
Hill’s 2022 cap figure jumps to $20M in 2022, so a restructure is highly likely. Still just 27-years-old, Hill values to a 4 year, $88M extension right now, or 5 years, $106M total.

Potential Trades/Cuts

Frank Clark (DE, 28)
Clark can still be a factor on the edge, but time missed and a bit of decline puts his $26.3M cap figure on notice in 2022. With just $12.9M of dead cap attached to the deal, a post June 1st release means nearly $20M of cap space cleared for the Chiefs.

Anthony Hitchens (LB, 29)
Hitchens will be entering a contract year in 2022, with a $12.7M cap figure attached to it. The 29-year-old has been consistently solid in 4 seasons with the Chiefs, but there's reason to believe his off-ball position could be upgraded in a cheaper capacity going forward. KC can free up $8.5M by moving on.

Las Vegas Raiders

Projected Top 51 Cap Space: $39M

Under Contract (34): FULL ROSTER

2022 Dead Cap: $9.1M

Notable Restricted Free Agents: Alec Ingold (FB, 25), FULL LIST

Notable Unrestricted Free Agents: Casey Hayward (CB, 32), Zay Jones (WR, 26), K.J. Wright (LB, 32), Quinton Jefferson (DL, 28), Marcus Mariota (QB, 28), FULL LIST

Potential Franchise Tag: None.

Draft Picks: R1, R2, R3, R4, R5, R5 (NE), R7 (CAR)

Extension Candidates

Derek Carr (QB, 30)
Carr seems to be in a similar tier with Kirk Cousins, whereas the numbers look great most of the time, he possesses a lot of the qualities a franchise QB should have, and yet big game wins and "elite" talent alludes him. He's the 11th rated QB according to PFF currently, and his contract has 1 year, $19.8M remanining on it through 2022. A cap-adjusted version of Ryan Tannehill's extension in Tennessee could be on the table here, 4 years, $125M.

Hunter Renfrow (WR, 25)
The 5th round pick from 2019 becomes extension eligible this offseason, with a $965,000 salary remaining on his rookie contract. The Raiders possess plenty of question marks at the wide receiver position, so locking in a model of consistency like Renfrow makes a lot of sense. The 25 year old should be pushing north of Tim Patrick’s recent deal in Denver, around the 3 year, $40M mark.

Josh Jacobs (RB, 23)
The former 1st-round pick is finding work as a pass-catcher in 2021, further elevating his value as a young running back. Jacobs become extension eligible after 2021, currently holding a $10M valuation, but that figure will continue to rise as dual threat option, with Aaron Jones' 4 yrs, $48M easily in his sights.

Maxx Crosby (DE, 24)
Crosby is currently the 2nd highest rated edge defender in football according to PFF and becomes extension eligible for the first time this winter. The 4th round pick out of Eastern Michigan has had standout performances in 2021, and is a major reason the Raiders remain in the hunt. Crosby projects to a 4 year, $55M deal currently.

Potential Trades/Cuts

Clelin Ferrell (DE, 24)
Ferrell holds a fully guaranteed $4.7M salary for 2022, with a $9.9M cap figure to boot. While a trade would certainly be ideal, an outright release seems more likely here, even it won't free up any cap space.

Yannick Ngakoue (DE, 26)
Ngakoue has probably done enough to stick on this roster one more year, but his $15M cap hit in 2022 is probably too rich to keep in its current state. The deal was always setup to be a 1 year tender with an option in year two, so a restructure or extension is highly likely here to help reduce the hit. His $8M roster bonus is already fully guaranteed, and converting all $13M of his compenations into bonus can free up over $6M of cap space for Las Vegas.

Los Angeles Chargers

Projected Top 51 Cap Space: $71M

Under Contract (34): FULL ROSTER

2022 Dead Cap: $327k

Notable Restricted Free Agents: Storm Norton(G, 27), Jalen Guyton (WR, 24), FULL LIST

Notable Unrestricted Free Agents: Mike Williams (WR, 27), Chris Harris (CB, 32), Linval Joseph (DT, 33)
Jared Cook (TE, 34), FULL LIST

Franchise Tag Candidate: Mike Williams (WR, 27), projected $18.5M

Draft Picks: R1, R2, R3, R4, R5, R6, R6 (COMP), R7, R7 (COMP), R7 (COMP), R7 (COMP)

Extension Candidates

Derwin James (S, 25)
James holds a $9M fully guaranteed 5th year salary in 2022, which actually ranks 11th in safety cash right now. He carries a $15.7M valuation toward the new year, projecting to a 5 year, $78M extension. 

Mike Williams (WR, 27)
A few months ago this extension would have been laughable, but QB Justin Herbert and Williams have developed clear big play chemistry, so keeping him in the fold is now very much on the table. A franchise tag is likely coming (projected $18.8M), while a multi-year projection places him at 4 years, $65M currently.

Potential Trades/Cuts

Bryan Bulaga (OT, 32)
Bulaga's production as dipped since joining the Chargers from Green Bay in 2020, and back injury has limited his ability to help the squad down the stretch this season. He holds a $14M cap hit in 2022, with $10.75M to be freed up should LA move on.

Michael GinnittiDecember 30, 2021
Breaking down the upcoming offseason for each 2022 NFL team, broken down by division, including projected cap space, players under contract, notable free agents, potential extension candidates, franchise tag possibilities, & trade/cut options.

Offseason Division Pieces

Baltimore Ravens

Projected Top 51 Cap Space: $26M

Under Contract (39): FULL ROSTER

2022 Dead Cap: $760k

Notable Restricted Free Agents: None.

Notable Unrestricted Free Agents: Calais Campbell (DE, 35), Justin Houston (DE, 32), Bradley Bozeman (C, 27), Sammy Watkins (WR, 28), Patrick Ricard (FB, 27), FULL LIST

Franchise Tag Candidate: None.

Draft Picks: R1, R2, R3, R3 (COMP), R4 (NYG), R4, R4 (ARI), R4 (COMP), R4 (COMP), R6 (MIA)

Extension Candidates

Lamar Jackson (QB, 24)
Jackson’s contract has been a top billing subject all year, and Baltimore would benefit from an extension that lowers his current $23M cap hit for 2022. But there are some serious contractual decisions to be made on the defensive side of the ball that could impact their willingness to get this done before 2023. Jackson still holds a $40M+ valuation in our system.

Bradley Bozeman (C, 27)
Moved from guard to center, Bozeman has gone from a “fill-in” player to a legitimate option for Baltimore’s future. The Ravens have a few mouths to feed this winter, but shoring up the O-Line has to remain priority. A cap-adjusted version (4 yrs, $32M) of Ben Jones’ deal in Tennessee makes sense here.

Anthony Averett (CB, 27)
Averett was vaulted into a starting role when Marcus Peters was injured prior to the season. While Peters is under contract for 2022, his $15.5M cap hit is questionable. It’s also quite possible that the Ravens choose to restructure/extend Peters and let Averett walk into free agency, but the latter’s 3 yr, $37M projection seems much more cost effective for Baltimore going forward.

Potential Trades/Cuts

Marcus Peters (CB, 28)
Peters wasn’t necessarily outplayed by his replacement, but Anthony Averett may have done enough to put his $15.5M cap hit in question for 2022. There’s $10M of cap to be saved by moving on.

Cincinnati Bengals

Projected Top 51 Cap Space: $60M

Under Contract (36): FULL ROSTER

2022 Dead Cap: $384k

Notable Restricted Free Agents: Stanley Morgan (WR, 25), FULL LIST

Notable Unrestricted Free Agents: Jessie Bates III (S, 24), B.J. Hill (DT, 26), Quinton Spain (G, 30), FULL LIST

Potential Franchise Tag: Jessie Bates III (S, 24), projected $13M

Draft Picks: R1, R2, R3, R4, R4 (COMP), R4, R5, R6, R7 (NYG), R7

Extension Candidates

Jessie Bates III (S, 24)
Bates finished the 2020 campaign as the Top Rated Safety according to PFF. He’s 85th in 2021. This Jekyll & Hyde kind of consistency generally leads to slow-playing the contract situation, so a franchise tag is most likely coming first here. The 2020 numbers still have him valuing around $14.4M per year to date.

B.J. Hill (DT, 26)
The former 2nd round pick out of NC state by the Giants has been consistent for 3 straight seasons, and should find himself in Vernon Butler ($7.5M) or Roy Robertson-Harris’ ($7.8M) world financially soon.

Potential Trades/Cuts

Trae Waynes (CB, 29)
Despite cashing in nearly $31M over the past two seasons, Waynes has only played in 5 games for the Bengals, with limited production to show for. His veteran presence is much needed on this young Bengals' squad, but with a $16M cap figure in 2022, it seems unrealistic his current contract with stick. There's $11M of cap to be cleared here.

Trey Hopkins (C, 29)
The Bengals will focus on upgrading their center position this winter, putting Hopkins' $7.125M cap figure on notice. The $6M to be saved can cover all 4 years of a newly drafted rookie contract for this role.

Cleveland Browns

Projected Top 51 Cap Space: $35M

Under Contract (41): FULL ROSTER

2022 Dead Cap: $206k

Notable Restricted Free Agents: D’Ernest Johnson (RB, 25), Chase McLaughlin (K, 25), FULL LIST

Notable Unrestricted Free Agents: David Njoku (TE, 25), Jadeveon Clowney (DE, 28), Anthony Walker Jr. (LB, 26), Ronnie Harrison (S, 24), Malik Jackson (DT, 31), FULL LIST

Franchise Tag Candidate: None.

Draft Picks: R1, R2, R3, R4 (DET), R4, R5, R6, R7 (DET)

Extension Candidates

Denzel Ward (CB, 24)
Ward is peaking at the right time, with just a $13.2M option left on his rookie contract with the Browns. The 24 year old is a Top 5 CB according to PFF, and now holds a $19M valuation in our system. Jalen Ramsey’s $20M per year deal is within reach.

Baker Mayfield (QB, 26)
An extension might be an unlikely outcome at this point, but Mayfield will be heading into a contract year in 2022, with a fully guaranteed $18.8M salary to boot. Cleveland’s plan of action for their QB position will be one of the more fascinating storylines to follow this offseason. Mayfield’s calculated valuation started at $35M in 2021. It’s currently down to $28.9M, with Ryan Tannehill’s deal in Tennessee as the best comp. He’s as much a trade candidate as he is anything else this offseason.

Potential Trades/Cuts

Jarvis Landry (WR, 29)
Landry's production took a dip in 2020, and has been hampered largely by injury again in 2021. He'll be entering the final year of his contract in 2022, with a $16.5M cap figure to boot. There's only $1.5M of dead cap to take on via trade or release, so Cleveland could really free up some capital by making a move here.

Pittsburgh Steelers

Projected Top 51 Cap Space: $44M

Under Contract (42): FULL ROSTER

2022 Dead Cap: $1.4M

Notable Restricted Free Agents: Robert Spillane (LB, 26), FULL LIST

Notable Unrestricted Free Agents: Joe Haden (CB, 32), JuJu Smith-Schuster (WR, 25),Ben Roethlisberger (QB, 39), Trai Turner (G, 28), B.J. Finney (C, 30), FULL LIST

Franchise Tag Candidate: None;

Draft Picks: R1, R2, R3, R4 (COMP), R5 (COMP), R7 (NYJ), R7

Extension Candidates

Minkah Fitzpatrick (S, 25)
The Steelers acquired Minkah over two years ago now, forfeiting a 1st, 5th & 6th round pick to do so, and he’s worth the price of admission for the better part of 3 years. There’s a $10.6M 5th year option left on his rookie contract, but this offseason is probably the right time to strike a multi-year extension. While Jamal Adams’ $18M is the number to watch, Fitzpatrick’s calculated valuation sits just above Justin Simmons’ $15.25M mark.

Diontae Johnson (WR, 25)
Johnson becomes extension eligible after 2021, and while much of the offense holds question marks, taking Diontae into contract #2 probably makes sense now, regardless of who’s throwing him the ball over the next few seasons. Johnson values between $15M-$16M per year right now.

Potential Trades/Cuts

Zach Banner (OT, 28)
Banner signed a 2 year, $9.5M extension this past March, but has now seen time in only 7 games across the past two seasons. His $6.6M cap figure for 2022 isn't daunting, but with $5M to be cleared, it stands to reason a move could be made here.

Chris Boswell (K, 30)
Boswell has been one of the most consistent kickers in the game the past few seasons, but the numbers have noticably slipped in 2021. He still may be too productive to move on from in the grand scheme of bad kicking across the league, but his $4.9M cap hit vs. $1.6M dead cap leaves the contract open for interpretation this offseason.

Michael GinnittiDecember 29, 2021

Breaking down the upcoming offseason for each 2022 NFL team, broken down by division, including projected cap space, players under contract, notable free agents, potential extension candidates, franchise tag possibilities, & trade/cut options.

Offseason Division Pieces

Buffalo Bills

Projected Top 51 Cap Space: $9.4M

Under Contract (41): FULL ROSTER

2022 Dead Cap: $1M

Notable Restricted Free Agents:Ryan Bates (G, 24), FULL LIST

Notable Unrestricted Free Agents:Jerry Hughes (DE, 33), Mario Addison (DE, 34), Harrison Phillips (DT, 25), Emmanuel Sanders (WR, 34), Levi Wallace (CB, 26), Matt Breida (RB, 26), FULL LIST

Franchise Tag Candidates: None

Draft Picks: R1, R2, R3, R4, R5, R6 (CAR), R6, R7 (ATL), R7

Extension Candidates

Levi Wallace (CB, 26)
The Bills could probably stand to upgrade from Wallace, and may look to do so early in the 2022 draft, but offering him a short-term to remain in the fold should also be in play as well. Troy Hill’s $4.5M per year deal in Cleveland could be a model here.

Stefon Diggs (WR, 28)
Diggs has 2 years, $25.5M left on this contract with Buffalo, but with cap hits that soar past $17M each year, it’s reasonable to assume that the Bills will redo this deal to put a little more cash in his pocket now, and better control his cap numbers across the next 2-3 seasons. He projects to a year, $90M extension, though his numbers compare extremely well to DeAndre Hopkins’, who locked in at $27.5M per year not too long ago.

Tremaine Edmunds (ILB, 23)
The Bills exercised (and fully guaranteed) Edmunds’ $12.7M option for 2022, so there’s no rush in making a long-term decision here. Buffalo is better when Edmunds is on the field (115+ tackles in 3 straight years) but the advanced stats don’t love him as a complete player. The Bills have retained almost all of their pieces in their current window, but Edmunds might be squarely on the bubble come 2023.

Potential Trades/Cuts

Cole Beasley (WR, 32)
The soon to be 33 year old holds $1.5M of dead cap against a $7.6M hit in 2022, meaning the Bills can free up $6.1M by moving on.

Mitch Morse (C, 29)
Morse has been in decline each of the past 3 seasons in Buffalo, but is still a more than adequate option at the center position. The Bills are likely to add 2-3 new bodies to their O-Line this offseason, and if a replacement for Morse can be found, there’s $8.5M of cap to be saved.

Miami Dolphins

Projected Top 51 Cap Space: $75M

Under Contract (37): FULL ROSTER

2022 Dead Cap: $1.6M

Notable Restricted Free Agents:Nik Needham (CB, 25), FULL LIST

Notable Unrestricted Free Agents:Emmanuel Ogbah (DE, 28), Mike Gesicki (TE, 26)

Franchise Tag Candidates: Mike Gesicki (TE, 26), projected $11M

Draft Picks: R1 (SF), R2, R3 (SF), R4 (PIT), R4, R5, R6 (NE), R7 (HOU)

Extension Candidates

Christian Wilkins (DL, 26)
No need to wait around on this one. Wilkins is every bit the player Miami hoped he would be when selecting him #13 overall in 2019. He becomes extension-eligible after 2021, & the Dolphins don’t have too many other mouths to feed right now, so locking in their franchise d-lineman makes sense. He steers more as a run-studder statistically, which limits his financial ceiling. A $12M starting point is probably about right.

Emmanuel Ogbah (DE, 28)
Ogbah has improved on what was a pretty nice 2020 campaign with Miami, putting his name in serious conversation for a multi-year extension. Ogbah comps well to Jerry Hughes in Buffalo, but with age and a cap increase on his side, should push north of $12M per year as a starting point.

Mike Gesicki (TE, 26)
After a breakthrough 2020, Gesicki just hasn’t found his footing in 2021, but it’s clear the ceiling is there. Suppressed production has his calculated value at $11M, but Jonnu Smith’s $12.5M deal in New England sounds about right.

Potential Trades/Cuts

Jesse Davis (RT, 30)
Davis has played nearly every snap for the 2021 Dolphins, but there are likely to be plenty of changes on the Dolphins’ O-Line this winter. Miami can free up $3.6M of cap by moving on.

Adam Butler (DT, 28)
Butler has limited production despite a starting role on the Dolphins D-Line. The $3.75M to be saved is better used elsewhere.

New England Patriots

Projected Top 51 Cap Space: $31M

Under Contract (46): FULL ROSTER

2022 Dead Cap: $3.1M

Notable Restricted Free Agents:Jakobi Meyers (WR, 25), Jakob Johnson (FB, 27), FULL LIST

Notable Unrestricted Free Agents: J.C. Jackson (CB, 26),Trenton Brown (OT, 28), Dont'a Hightower (LB, 31), Nick Folk (K, 37)

Franchise Tag Candidate: J.C. Jackson (CB, 26), projected $17.5M

Draft Picks: R1, R2, R3, R4 (PIT), R4, R6 (LAR)

Extension Candidates

Isaiah Wynn (OT, 25)
The #23 overall pick in 2018 holds a fully guaranteed $10.4M salary in his 5th year and has posted back to back solid seasons on the Pats O-Line. Keeping Mac Jones comfortable will be a priority for NE heading into 2022, so locking in the left tackle long-term makes sense. Wynn projects to a 5 yr, $77M contract right now.

Nelson Agholor (WR, 28)
Agholor isn’t pouring in stats on a weekly basis, but he seems a good fit in this offense, and if it ain’t broke…The 28 year old holds a $15M cap hit in 2022, meaning a restructure of some sort is extremely likely. Tacking on 2 years at his current $11M seems to fit the bill.

J.C. Jackson (CB, 26)
The Patriots felt much more comfortable moving on from Stephon Gilmore when Jackson raised his game to higher standards, but keeping him will come at a major cost. The league’s INT leader since 2019 comes in north of $20M per year currently in our system, projecting to a 5 year, $104M extension.

Adrian Phillips (S, 29)
Phillips and cornerback J.C. Jackson are set for unrestricted free agency, and one will almost certainly snag a franchise tag in February. Buffalo’s Jordan Poyer is a close comp statistically speaking, so something around the $10M per year mark makes sense. UPDATE: Phillips signed a 3 year, $12.75M extension on 1/1/22

Damien Harris (RB, 24)
Harris has put together strong back to back seasons for the Pats, and will be entering a contract year in 2022. His lack of production as a pass-catcher keeps his valuation at bat ($5M), but New England was likely never going to pay a running back north of that anyway.

Potential Trades/Cuts

N'Keal Harry (WR, 24)
Harry is averaging 1 reception per game in 2021, and has only found the end zone 4 times in 3 years. Only $674k of his 2022 salary is fully guaranteed, meaning $1.8M of cap/cash can be cleared per his release.

New York Jets

Projected Top 51 Cap Space: $54M

Under Contract (43): FULL ROSTER

2022 Dead Cap: $1.4M

Notable Restricted Free Agents:Kyle Phillips (DE, 24), Mike White (QB, 26), FULL LIST

Notable Unrestricted Free Agents:Morgan Moses (RT, 30), Marcus Maye (S, 27), Jamison Crowder (WR, 28)

Franchise Tag Candidate: None.

Draft Picks: R1, R1 (SEA), R2, R2 (CAR), R3, R4 (CAR), R4 (MIN), R5, R5 (PIT)

Extension Candidates

Jamison Crowder (WR, 28)
The numbers won’t look great having missed games and dealing with a QB carousel in 2021, but Crowder’s shown enough in 3 seasons to prove he should be kept in the fold to work with Zach Wilson. Corey Davis, Crowder, & Elijah Moore actually make a solid tandem with a more consistent timeline. Crowder projects to 4 years, $50M currently.

Morgan Moses (RT, 30)
Moses has taken over 90% of the snaps in 2021, and remains a strong option on the right side of an offensive line heading into his 30s. The more adequate offensive linemen, the better. Daryl Williams’ 3 year, $24M contract in Buffalo should be on track. 

Quinnen Williams (DT, 23)
Williams becomes extension eligible after 2021, and has been every bit the player the Jets hoped for when they took him #3 overall in 2019. But does it make sense to extend an interior defensive lineman this early? Recent experience says no. Jonathan Allen’s $18M is an early benchmark to look at.

Potential Trades/Cuts

Shaq Lawson (DE, 27)
The Jets acquired Lawson for a 6th round pick this August, but got minimal production from the former 1st round pick. All $9M of his 2022 cap figure can be cleared via release.

Sheldon Rankins (DT, 27)
Despite his most productive season in 3 years, Rankins likely won’t be kept on a $6.25M cap figure for 2022. There’s $5.5M to be freed up here.

Michael GinnittiDecember 29, 2021

With the NFL salary cap for 2022 now largely expected to come in at $208.2M, we'll take a look at what the franchise tag value for each position may cost. The window for teams to designate players with a tag begins February 22nd and runs through March 8th.


Restricted Free Agent Tenders

  • Right of 1st Refusal: $2,433,000
  • Original Draft Round: $2,540,000
  • 2nd Rounder: $3,986,000
  • 1st Rounder: $5,432,000

Non-Exclusive Franchise Tag Values

  • Quarterback: $29,703,000
  • Running Back: $9,570,000
  • Wide Receiver: $18,419,000
  • Tight End: $10,931,000
  • Offensive Lineman: $16,662,000
  • Defensive Tackle: $17,396,000
  • Defensive End: $17,859,000
  • Linebacker: $18,702,000
  • Cornerback: $17,287,000
  • Safety: $12,911,000
  • Kicker/Punter: $5,220,000

2022 Transition Tag Values

  • Quarterback: $27,186,000
  • Running Back: $8,034,000
  • Wide Receiver: $16,782,000
  • Tight End: $9,392,000
  • Offensive Lineman: $15,348,000
  • Defensive Tackle: $14,716,000
  • Defensive End: $16,012,000
  • Linebacker: $15,783,000
  • Cornerback: $15,167,000
  • Safety: $10,817,000
  • Kicker/Punter: $4,701,000
Michael GinnittiDecember 29, 2021

With the 2021 calendar year coming to a close, a quick look at all the players in the Big 4 American Sports that put pen to paper on a new contract that total $100M or more. Of the 33 players listed, 15 were with the NBA, 14 were MLB players, and 4 from the NFL. The Toronto Blue Jays claim name to 3 of the 33 contracts listed below, while the Mets, Rangers, & Hawks all own two.

Francisco Lindor Mets $341,000,000 Details
Fernando Tatis Jr. Padres $340,000,000 Details
Corey Seager Rangers $325,000,000 Details
Josh Allen Bills $258,034,000 Details
Stephen Curry Warriors $215,353,664 Details
Luka Doncic Mavericks $207,060,000 Details
Joel Embiid 76ers $195,921,600 Details
Kevin Durant Nets $194,219,320 Details
Wander Franco Rays $182,000,000 Details
Kawhi Leonard Clippers $176,265,152 Details
Marcus Semien Rangers $175,000,000 Details
Shai Gilgeous-Alexander Thunder $172,550,000 Details
Trae Young Hawks $172,550,000 Details
Michael Porter Jr. Nuggets $172,550,000 Details
Dak Prescott Cowboys $160,000,000 Details
George Springer Blue Jays $150,000,000 Details
Jimmy Butler Heat $146,396,031 Details
Javier Baez Tigers $140,000,000 Details
Trent Williams 49ers $138,060,000 Details
Jrue Holiday Bucks $134,997,333 Details
Jose Berrios Blue Jays $131,000,000 Details
Max Scherzer Mets $130,000,000 Details
John Collins Hawks $125,000,000 Details
Chris Paul Suns $120,000,000 Details
Julius Randle Knicks $117,089,280 Details
J.T. Realmuto Phillies $115,500,000 Details
Robbie Ray Mariners $115,000,000 Details
T.J. Watt Steelers $112,011,000 Details
Kevin Gausman Blue Jays $110,000,000 Details
Jaren Jackson Jr. Grizzlies $104,720,000 Details
Trevor Bauer Dodgers $102,000,000 Details
Jarrett Allen Cavaliers $100,000,000 Details
Byron Buxton Twins $100,000,000 Details

 

Michael GinnittiDecember 22, 2021
AFC Player Team Current AAV Pos. AAV Rank POS NFC Player Team Current AAV Pos. AAV Rank
Justin Herbert LAC $6,644,689 29 QB Tom Brady TB $25,000,000 15
Lamar Jackson BAL $2,367,912 47 QB Kyler Murray ARZ $8,914,504 22
Patrick Mahomes KC $45,000,000 1 QB Aaron Rodgers GB $33,500,000 6
Patrick Ricard BAL $3,651,084 2 FB Kyle Juszczyk SF $5,400,000 1
Nick Chubb CLE $12,200,000 6 RB Alvin Kamara NO $15,000,000 2
Joe Mixon CIN $12,000,000 7 RB James Conner ARZ $1,750,000 44
Jonathan Taylor IND $1,957,288 40 RB Dalvin Cook MIN $12,600,000 4
Keenan Allen LAC $20,025,000 3 WR Davante Adams GB $14,500,000 19
Ja’Marr Chase CIN $7,704,910 32 WR Justin Jefferson MIN $3,280,701 51
Stefon Diggs BUF $14,400,000 20 WR Cooper Kupp LAR $15,750,000 15
Tyreek Hill KC $18,000,000 6 WR Deebo Samuel SF $1,811,869 73
Mark Andrews BAL $14,000,000 4 TE George Kittle SF $15,000,000 1
Travis Kelce KC $14,312,500 2 TE Kyle Pitts ATL $8,227,624 9
Orlando Brown KC $872,930 117 OT Tyron Smith DAL $12,200,000 23
Dion Dawkins BUF $14,575,000 18 OT Trent Williams SF $23,010,000 1
Rashawn Slater LAC $4,157,939 50 OT Tristan Wirfs TB $4,057,007 51
Joel Bitonio CLE $16,000,000 2 G Ali Marpet TB $10,825,000 11
Quenton Nelson IND $5,972,227 20 G Zack Martin DAL $14,000,000 6
Wyatt Teller CLE $14,200,000 4 G Brandon Scherff WSH $18,036,000 1
Ryan Kelly IND $12,500,000 2 C Ryan Jensen TB $10,500,00 6
Corey Linsley LAC $12,500,000 3 C Jason Kelce PHI $9,000,000 13
DeForest Buckner IND $21,000,000 2 DT Jonathan Allen WSH $18,000,000 4
Cameron Heyward PIT $16,400,000 8 DT Kenny Clark GB $17,500,000 5
Chris Jones KC $20,000,000 3 DT Aaron Donald LAR $22,500,000 1
Maxx Crosby LV $825,566 136 DE Nick Bosa SF $8,387,966 26
Myles Garrett CLE $25,000,000 2 DE Brian Burns CAR $3,385,046 49
Trey Hendrickson CIN $15,000,000 10 DE Cameron Jordan NO $17,500,000 6
Joey Bosa LAC $27,000,000 2 OLB Shaquil Barrett TB $17,000,000 6
Matthew Judon NE $13,625,000 14 OLB Chandler Jones ARZ $16,500,000 7
T.J. Watt PIT $28,002,750 1 OLB Robert Quinn CHI $14,000,000 13
Darius Leonard LB $19,700,000 1 LB Micah Parsons DAL $4,269,948 20
Denzel Perryman LV $3,000,000 28 LB Bobby Wagner SEA $18,000,000 3
Xavien Howard MIA $15,050,000 7 CB Trevon Diggs DAL $1,580,227 87
J.C. Jackson NE $3,384,000 52 CB Marshon Lattimore NO $19,520,600 2
Kenny Moore IND $8,325,000 25 CB Jalen Ramsey LAR $20,000,000 1
Denzel Ward CLE $7,291,339 30 CB Darius Slay PHI $16,683,333 5
Kevin Byard TEN $14,100,000 6 FS Quandre Diggs SEA $6,200,000 19
Derwin James LAC $3,097,239 31 SS Budda Baker ARZ $14,750,000 4
Tyrann Mathieu KC $14,000,000 8 SS Harrison Smith MIN $16,000,000 2
AJ Cole LV $3,100,000 5 P Bryan Anger DAL $1,075,000 20
Justin Tucker BAL $5,000,000 1 K Matt Gay LAR $762,500 34
Luke Rhodes IND $1,212,500 2 LS Josh Harris ATL $1,075,000 13
Devin Duvernay BAL $1,143,953 102 RET Jakeem Grant CHI $2,300,000 63
Matthew Slater NE $2,650,000   S/T J.T. Gray NO $2,000,000  
Michael GinnittiNovember 21, 2021

With the 2021 NFL regular season now past the halfway point, we'll take a quick look at a notable player from each team who is trending toward some sort of "what if" in the upcoming offseason, be it an expiring contract, an extension worthy resume, a potential trade candidate, or a possible cap/roster casualty.

 

ARIZONA CARDINALS

Christian Kirk, WR

He hasn’t had that “breakout” moment that suggests he could vault to WR1 status, but Kirk will play an above average depth role wherever he lands. Tim Patrick’s recent deal in Denver ups Kirk’s valuation to $12.5M.

 

ATLANTA FALCONS

Matt Ryan, QB

The contract says he stays in 2022 ($40.5M of dead cap), but the Falcons’ organization has to be ready to turn the page at the QB position. It stands to reason they’ll acquire his predecessor this offseason, then let Ryan stick out one more season before cutting ties.

 

BALTIMORE RAVENS

Bradley Bozeman, C

Moved from guard to center, Bozeman has gone from a “fill-in” player to a legitimate option for Baltimore’s future. The Ravens have a few mouths to feed this winter, but shoring up the O-Line has to remain priority.

 

BUFFALO BILLS

Tremaine Edmunds, ILB

The Bills exercised (and fully guaranteed) Edmunds’ $12.7M option for 2022, so there’s no rush in making a long-term decision here. Buffalo is better when Edmunds is on the field (115+ tackles in 3 straight years) but the advanced stats don’t love him as a complete player. The Bills have retained almost all of their pieces in their current window, but Edmunds might be squarely on the bubble come 2023.

 

CAROLINA PANTHERS

Sam Darnold, QB

Things were going well for Darnold until they weren’t (though the timing of an injury to Christian McCaffrey certainly made an impact). With Cam Newton now taking over, it appears the path for Carolina and Darnold will be to find a trade partner this winter for his $18.8M fully guaranteed salary. Spoiler: The Panthers will be eating some of that.

 

CHICAGO BEARS

Allen Robinson, WR

The QB situation in Chicago has rapidly changed the ability for Robinson to produce at his career level (yards/game less than half). With that said, a second franchise tag for A-Rob comes with a $21.4M price tag. It’s not an inconceivable outcome for 2022.

 

CINCINNATI BENGALS

C.J. Uzomah, TE

The Bengals need to shore up defensively next offseason, but another extension for Uzomah may also be one of the priorities. The 28-year-old has proven to be a viable redzone option for Joe Burrow, and it shouldn’t take much more than $10M per year to get something done here.

 

CLEVELAND BROWNS

Baker Mayfield, QB

The Browns have already started locking in many of their core pieces (Bitonio, Teller), and more are still forthcoming (Ward), but all of the focus will remain on the QB position this winter. Baker’s $18.8M option for 2022 is fully guaranteed, so there’s no rush in making any decisions, but don’t be surprised if Cleveland is in on veteran trade options, or early round QBs in the 2022 draft.

 

DALLAS COWBOYS

Amari Cooper, WR

It’s going to be difficult for the Cowboys to part ways with any of their major offensive pieces, as the system appears to be humming along strongly, but it’s a hard cap league, and Dallas currently holds 7 cap figures north of $15M. With Michael Gallup's contract expiring, a restructure here is more likely than a trade for now.

 

DENVER BRONCOS

Courtland Sutton, WR

Sutton has had chances to show he’s a legit WR1-WR2 in this league, and his current resume suggests he can match his career high of 72 catches, 1,110 yards again in 2021. With Jerry Jeudy under control through 2024, & Tim Patrick recently locked up, will Denver shell out the $15M+ per year it could take to keep Sutton in the fold? And who will be throwing balls to this group in 2022?

UDPATE: Courtland Sutton signed a 4 yrs, $61M extension to stay in Denver

 

DETROIT LIONS

Jared Goff, QB

The Lions are going backwards (again) and it’s becoming increasingly clear that Goff may not be the solution. Goff is under contract through 2024, including $15.5M fully guaranteed next season. Unless a trade partner bails them out, look for Detroit to convert that to a signing bonus, then release Goff to help spread out the $30.5M of dead cap a little better.

 

GREEN BAY PACKERS

Aaron Rodgers, QB /Davante Adams, WR

One of the best duos in the history of the game each come with a major question mark for 2022. Rodgers of course being rumored to demanding a trade post 2021, and Adams a pending free agent. Rodgers carries a strong $27M cash payout for 2022, so it’s conceivable that he could play out the contract then hit free agency, but will the Packers allow that? A franchise tag is likely looming for Adams, but will they offer him a multi-year deal with the QB position in flux?

 

HOUSTON TEXANS

Deshaun Watson, QB

The Texans’ believe a better offer could be coming once Watson’s legal situation is finalized. That’s risky business (of course), but regardless, it seems likely that the plan is to acquire as many 2022/2023 picks as possible, and hit the restart button in Houston. Watson’ $35M salary for 2022 is already guaranteed, & his $37M 2023 compensation locks in next March. However, any suspension for personal conduct will likely void the guarantees on these figures.

 

INDIANAPOLIS COLTS

T.Y. Hilton, WR

The Colts have invested heavily in locking in their own core, and acquiring their current QB. Keeping a healthy, productive set of weapons on the field now becomes their offseason challenge. Hilton’s been a franchise favorite, but his ability to stay healthy likely means an ending to this marriage. Indy will be in the WR/TE game this offseason.

 

JACKSONVILLE JAGUARS

Brandon Linder, C

The Jags have plenty to address under this new regime, but creating a better pass protection setting for their prized QB1 should be at the top of the list. Linder’s hit the IR 3 out of the past 4 seasons, & his contract carries $10M of savings for 2022 to move on from.

 

KANSAS CITY CHIEFS

Tyrann Mathieu, S

Mathieu continues to be the Chiefs most versatile defensive player, especially in that he’s often covering up mistakes for the rest of the KC secondary. His contract is set to expire after 2021, and while the former 3rd rounder is pushing 30, he should be in the conversation for a $15M+ deal.

 

LOS ANGELES CHARGERS

Mike Williams, WR

Williams was the talk of the league through the first quarter of the season, but has since cooled off (along with the rest of his team). LA rose some eyebrows by exercising his $15.6M option for 2021, but that seems to have been the right call for now. If he’s let to hit the open market, he’ll be looking hard at Kenny Golladay’s $18M mark, though that may be wishful thinking.

 

LOS ANGELES RAMS

Von Miller, EDGE

The Rams haven’t been shy to burn draft picks for immediate impact, but Miller will need quite a 2nd half to this season to warrant the 2nd & 3rd round picks given up to bring him on board. With that said, draft compensation like that generally signifies an extension with that team, and it stands to reason that the Rams can pull some value out of that portion of this deal when the timing is right. $10M per year ceiling?

 

LAS VEGAS RAIDERS

Cory Littleton, ILB

Littleton’s contract has been restructured 3 times in 12 months, but his $15.7M cap figure for 2022 still places him on a bubble list right now. The Raiders may have no choice but to changeover a few more pieces than they were planning to based on recent events - or they might acquire Russell Wilson and make a huge all-in push. Weird must-follow team.

 

MIAMI DOLPHINS

Mike Gesicki, TE

Xavien Howard (CB) & Tua Tagovailoa (QB) certainly belong in this discussion as well, but Gesicki not being under contract past 2021 while improving in each of his first 3 NFL seasons (and continuing to do so in Year 4), seems slightly baffling. Even if they QB position is changed going forward, this is an investment worth making. He values almost exactly to the 4 yr, $57M deal Dallas Goedert just scored in Philly.

 

MINNESOTA VIKINGS

Danielle Hunter, DE

Two restructures, two IR stints, a $26M cap hit in 2022, and a mild trade demand later, it sure seems like the Hunter/Vikings era is coming to a close. There’s an $18M roster bonus due in early March, so look for early movement on this situation.

 

NEW ENGLAND PATRIOTS

Dont’a Hightower, ILB

The Patriots are legitimate AFC East contenders once again due in large part to their defense, with Hightower at the center of it. The 31-year-old is on an expiring contract, and the Patriots very rarely pay non-primary position players more than once, but it’ll be tough for New England to move on here without a legitimate replacement in tow. The problem? Off-ball linebackers now top out at $18M per year.

 

NEW ORLEANS SAINTS

Michael Thomas, WR

After 3 straight seasons with 104, 125, & 149 catches respectively, it’s been a weird few years for Michael Thomas & the Saints. Thomas’ $15M+ salary fully guarantees in early March, & his contract currently holds $22.7M of dead cap for next season, so moving on won’t be pretty. Seems like the Saints will attempt to get a max trade pull, and if they don’t - they’ll hang on for one more season.

 

NEW YORK GIANTS

Jabril Peppers, S

One of the main pieces in the OBJ trade, Peppers found the IR after Week 6, heading toward free agency. The former #25 overall pick could be a franchise tag candidate this Februrary, and carries a 4 year, $50M valuation toward the offseason.

 

NEW YORK JETS

Marcus Maye, S

Maye and the Jets were far apart in multi-year extension terms before the season, and he settled for the $10.6M to start the year. An unfortunate achilles injury ended his season in early November, putting his immediate future in a bit of flux. The safety franchise tag should increase heavily thanks to plenty of recent contracts, so it’s likely not feasible to keep Maye for another round. He’s probably destined for the open market next March.

 

PHILADELPHIA EAGLES

Derek Barnett, DE

The Eagles are better than they should be, and yet still may not have a clue if they have the right QB, or a roster they can afford to keep together for a short-term run. They do however have 3 1st round draft picks, and a decent amount of cap space to work with as needed in 2022 (assuming they stick with a rookie contract QB). Barnett is facing injuries, subpar production, & a roster that’s getting younger around him.

 

PITTSBURGH STEELERS

Ben Roethlisberger, QB

Ben isn’t Ben, & the Steelers offense isn’t what it used to be, but the AFC North is currently a dead heat at the time of this piece, and life without Ben in Week 10 wasn’t pretty. As for the 2022 QB? A late first round pick likely won’t help that situation, but an attractive run game/defense could help persuade a few potential trade possibilities to look their way. If not, Roethlisberger will likely offer to return on the cheap.

 

SEATTLE SEAHAWKS

Russell Wilson, QB

Speaking of potential trade possibilities (see above), Seattle is currently playing themselves into a heck of a lot of change in 2022, with the cherry on the top possibly being a legitimate trade demand from franchise QB Wilson. Russell has 2 years, $51M left on his contract thru 2023, but none of it is guaranteed, and the Seahawks hold $26M of dead cap on his contract next March.

 

SAN FRANCISCO 49ERS

Dee Ford, DE

Ford doesn’t seem like he can physically play the game at a regular clip anymore, though he gave it a legitimate effort in 2021. 2022 is his expiring contract year, & while there’s a fully guaranteed $4.6M bonus, a post June 1st release still seems in the cards. Obviously the future of Jimmy Garoppolo (1 yr, $25M left ) is a point of contention as well.

 

TAMPA BAY BUCCANEERS

Rob Gronkowski/Cameron Brate/OJ Howard, TE

The only tight end listed here with a salary in 2022 is Cam Brate who holds 2 yrs, $14.3M left after 2021 ($0 guaranteed). Brady will push to bring Gronk back into the fold, meaning Howard likely hits the open market. He stands to join Evan Engram & David Njoku in this regard.

 

TENNESSEE TITANS

Harold Landry, EDGE

The Titans’ defense was supposed to be a massive liability in 2021, but Landry and Jeffrey Simmons have been a big reason why this is not the case. Landry’s production over the past year and half falls slightly under Shaq Barrett’s (TB), puting him in position for a deal around $17M per year.

 

WASHINGTON FOOTBALL TEAM

Landon Collins, S

Collins was overpaid the second he signed the deal to join Washington back in 2019, but that’s not his fault. A post June 1st release next March frees up $12M of cap space for WFT, and it seems very likely they go that route.

 

Related Links

Michael GinnittiOctober 19, 2021

Mike Ginnitti accounts for a recent tweet by diving even deeper into the "guarantee mechanisms" of Patrick Mahomes massive contract with the Chiefs, accounting for all of the upcoming triggers, breaking down the dead cap/cash & savings each year through 2031, & comparing it directly to Josh Allen's recent extension in Buffalo.

Michael GinnittiOctober 15, 2021

Now more than a quarter into the 2021 NFL regular season, we've identified a player from each team who's made an immediate impact since being newly added this offseason.

 

Arizona Cardinals

J.J. Watt, DE (Free Agent)
Watt is currently the #8 ranked interior defensive lineman according to PFF, and while his traditional stats don’t jump off the page (0 sacks, 10 tackles), it’s obvious he’s solidified the right side of Arizona’s line. He’s under contract through 2022 at $13.5M, with $5.5M of that already fully guaranteed.

Honorable Mention: Zaven Collins, LB (#16 overall pick)

 

Atlanta Falcons

Cordarrelle Patterson, RB (Free Agent)
Patterson was signed to a 1 year, $3M contrat a month into free agent, after a year in Chicago where he averaged less than 4 yards per carry. He’s now the 2nd ranked RB in the league according to PFF, with 5 total TDs through the first 5 weeks.

Honorable Mention: Kyle Pitts, TE (#4 overall pick)

 

Baltimore Ravens

Sammy Watkins, WR (Free Agent)
Watkins isn’t putting together All-Pro production by any means, but he’s doing enough on the field to give Lamar Jackson a valuable option, while at the same time freeing up time and space for Marquise Brown to further establish himself. His 1 year $5M signing this offseason holds plenty of value for a surging Baltimore squad.

Honorable Mention: Alejandro Villanueva, OT (Free Agent)

 

Buffalo Bills

Emmanuel Sanders, WR (Free Agent)
The Bills didn’t change much about their 2020 roster, but upgrading the WR2 position was a need, and Emmanuel Sanders has fit the bill and then some. Buffalo signed Sanders to a 1 year, $6M contract, but if his production continues, a mid-season extension seems very likely.

Honorable Mention: Greg Rousseau, DE (#30 overall pick)

 

Carolina Panthers

Sam Darnold, QB (Trade)
While the interceptions are still there, Darnold is on a career pace in every other statistical category to start the 2021 season - by a lot. Most importantly, he’s winning ball games for the first time in his NFL career. Carolina has already exercised an $18.8M option for 2022, but there will be some extension talk this offseason (unless Deshaun Watson or Aaron Rodgers comes to town).

Honorable Mention: Hasson Reddick, OLB (Free Agent)

 

Chicago Bears

Jason Peters, OT (Free Agent)
I know the knock on this team is the lack of an offensive line, but both Peters and RT Elijah Wilkinson have had a strong few weeks. Chicago had to pull Jason Peters out of retirement as a last ditch effort to salvage their O-Line, and the near 40-year-old hasn’t disappointed. He’s on a 1 year $1.75M contract.

Honorable Mention: Justin Fields, QB (#11 overall pick)

 

Cincinnati Bengals

Ja’Marr Chase, WR (#5 overall pick)
The Chase-Burrow connection didn’t take long to come together, and the Bengals now have 4 legitimate offensive weapons to boot. Chase doesn’t even become extension eligible until after 2023, so there’s a ton of value to be had here.

Honorable Mention: Chidobe Awuzie, CB (Free Agent)

 

Cleveland Browns

Jeremiah Owusu-Koramoah, LB (#52 overall pick)
His versatility was actually a negative for some teams looking to fill a very specific role on their edge, but the Browns have let this guy cook for 5 weeks, and he’s rewarded them handsomely. He’s a legit DROY candidate early on, and brings incredible financial value for at least 3 years.

Honorable Mention: John Johnson, S (Free Agent)

 

Dallas Cowboys

Micah Parsons, LB (#12 overall pick)
“Linebacker U” has given us another good one, as the former Penn State star has become the versatile, intelligent piece to the Cowboys defense they’ve been seeking for years. He’s in year 1 of a 4 year, $17M contract.

Honorable Mention: Jayron Kearse, S (Free Agent)

 

Denver Broncos

Teddy Bridgewater, QB (Trade)
Bridgewater is a Top 15 QB according to PFF, and has passed the eye test for much of the early season as well. At under $4.5M for the 2021 season, Teddy is giving this Denver team plenty of value thus far.

Honorable Mention: Javonte Williams, RB (#35 overall pick)

 

Detroit Lions

Austin Seibert, K (Waiver Claim)
It’s not a good sign that the most positive addition to the Lions might be a kicker who’s only played in 3 games thus far. To be honest, the roster as a whole has been built to fail, but the run game and special teams have been adequate thus far.

Honorable Mention: Jared Goff, QB (Trade)

 

Green Bay Packers

Randall Cobb, WR (Trade)
Of course he is. Aaron Rodgers clearly knew what he was talking about when he demanded a reunion with Cobb, who has solidified the slot WR position almost immediately since coming back on board. Cobb is the #12 rated WR in the league according to PFF right now, and carries an $8.25M salary through 2022 ($0 guaranteed).

Honorable Mention: De’Vondre Campbell, LB (Free Agent)

 

Houston Texans

Maliek Collins, DT (Free Agent)
Not a lot of positives to report here, but Collins has been a Top 30 interior defender thus far in 2021, which represents plenty of value on a 1 year, $5M contract. Tyrod Taylor’s early stint with the team looked extremely promising as well.

Honorable Mention: Davis Mills, QB (#67 overall pick)

 

Indianapolis Colts

Matt Pryor, OT (Trade)
Pryor’s a swing/depth tackle on a more regular basis, but he’s played well in the absence of Braden Smith at starting RT of late. He’s on an expiring contract and could be playing himself into a nice raise as every team in football stocks up on depth offensive lineman annually.

Honorable Mention: Carson Wentz, QB (Trade)

 

Jacksonville Jaguars

Marvin Jones, WR (Free Agent)
The Jag’s offense has sputtered for the most part to date, but Marvin Jones has consistently shown he’s still as valuable as a 2nd or 3rd pass catching option as ever. The 31-year-old is signed at $5.5M through 2022, $2.5M of which is fully guaranteed.

Honorable Mention: Dan Arnold, TE (Trade)

 

Kansas City Chiefs

Creed Humphrey, C (#63 overall pick)
The Chiefs are rolling with 5 brand new offensive lineman right now, and it’s been an improvement across the board. Their 2nd round pick is already the highest graded center in the game according to PFF, and the line as a whole averages a PFF grade north of 70.

Honorable Mention: Joe Thuney, OG (Free Agent)

 

Las Vegas Raiders

Yannick Ngakoue, DE (Free Agent)
Ngakoue signed a 2 year, $26M free agent contract in LV, $8M of which is fully guaranteed in 2022 already. He and Maxx Crosby have been outstanding edge defenders to start the 2021 campaign.

Honorable Mention: Trevon Moehrig, S (#43 overall pick)

 

Los Angeles Chargers

The Offensive Line
No need to separate how good Matt Fieler (free agent, PIT), Rashawn Slater (#13 overall), & Corey Linsley (free agent, GB) have been to start 2021. Feiler is under contract through 2023, Slater & Linsley through 2025.

Honorable Mention: Jared Cook, TE (Free Agent)

 

Los Angeles Rams

Matthew Stafford, QB (Trade)
Stafford and the Rams’ offense has come back down to earth a bit since coming out of the shoot firing on all cylinders, but it’s still clear as day that he alone is a significant upgrade to this team’s contention chances. Stafford has 1 year, $23M left on his deal, so a big-time extension is highly likely over the coming months.

Honorable Mention: DeSean Jackson, WR (Free Agent)

 

Miami Dolphins

Jason McCourty, CB (Free Agent)
The Dolphins don’t have a lot of positives to point at thus far, so we’ll look to find value where it exists on this roster. McCourty has been consistent, especially in coverage, playing on a veteran minimum contract this season.

Honorable Mention: Brennan Scarlett, LB (Free Agent)

 

Minnesota Vikings

Dalvin Tomlinson, DT (Free Agent)
The Vikings locked in Tomlinson at 2 years, $21M, with $16M of that paid out this season. He factors into a Minnesota D-Line that has been well above average (76.5 rating) through the first 5 weeks. He’s an extension candidate this offseason.

Honorable Mention: Xavier Woods, S (Free Agent)

 

New England Patriots

Mac Jones, QB (#15 overall pick)
He’s got a long way to go, and might never have the production that stacks up with a Herbet or even Zach Wilson, but the decision making and moxy appear to be baked in out of the gate. Jones is fully guaranteed through 2024.

Honorable Mention: Matt Judon, DE (Free Agent)

 

New Orleans Saints

Pete Werner, LB (#60 overall pick)
Werner has progressed from an injured player in August, to a starter in October. He's got all the tools to be a fixure on the Saints' edge for the next few years at rookie contract value.

Honorable Mention: Tanoh Kpassagnon, DE (Free Agent)

 

New York Giants

Kadarius Toney, WR (#20 overall pick)
It took Toney a few weeks to find his footing in this offense, but he appears to be the real deal. The Giants have a surplus of WRs rostered (injuries aside), but Toney might finish 2021 as the best of them.

Honorable Mention: Kenny Golladay, WR (Free Agent)

 

New York Jets

Alijah Vera-Tucker, OG (#14 overall)
To be honest, the entire left side of the Jets O-Line has shown significant improvement, even without Mekhi Becton in the fold. Vera-Tucker is the perfect boring, yet crucially required high draft pick for a team with a young QB.

Honorable Mention: Corey Davis, WR (Free Agent)

 

Philadelphia Eagles

Kenneth Gainwell, RB (#150 overall pick)
Gainwell isn’t going to load up the stat sheets, but he’s shown to be a viable #2 option both as a 3 down runner and pass catcher. His 5th-round rookie contract represents extensive value going forward.

Honorable Mention: Steven Nelson, CB (Free Agent)

 

Pittsburgh Steelers

Melvin Ingram, EDGE (Free Agent)
Ingram didn’t sign until the middle of July, at 1 year, $4M. He’s rewarded Pittsburgh with 70% of their snaps, and above average production across the board.

Honorable Mention: Najee Harris, RB (#24 overall pick)

 

San Francisco 49ers

Elijah Mitchell, RB (#194 overall pick)
Mitchell’s only seen 120 snaps, but he’s shown to be a more complete, and thus far productive, back than 3rd rounder Trey Sermon. There’s a chance the Niners have found a strong late round depth piece here.

Honorable Mention: Alex Mack, C (Free Agent)

 

Seattle Seahawks

Al Woods, DT (Free Agent)
The former Jags defensive lineman is ranked 5th among interior defenders according to PFF. He’s more than outperforming a 1 year, $2.5M contract signed this past March.

Honorable Mention: Gabe Jackson, G (Free Agent)

 

Tampa Bay Buccaneers

Joe Tryon-Shoyinka, Edge (#32 overall pick)
Tryon’s getting a masterclass education in his first season on the Buc’s pass rush unit, operating in about 40% of the snaps in rotation with a few All-Pro vets. He’s showing potential to be able to take the reins sooner rather than later.

Honorable Mention: Gio Bernard, RB (Free Agent)

 

Tennessee Titans

Julio Jones, WR (Trade)
Despite battling another injury, the 150 snaps the Titans have gotten from Jones have shown he’s still worth the price of admission. If they can get a stretch of games with both he and A.J. Brown at full strength, this offense may round back into form quickly. Jones has 2 years, $23M left through 2023 ($0 guaranteed).

Honorable Mention: Janoris Jenkins, CB (Free Agent)

 

Washington Football Team

Charles Leno, OT (Free Agent)
Leno was signed with words like “swing” and “depth” in mind, but he’s taken over the left tackle role, and performed well through 5 weeks. On a 1 year, $4M deal, Leno has a chance to cash in next March with a full season at this form.

Honorable Mention: Sam Cosmi, OT (#51 overall pick)
Michael GinnittiOctober 03, 2021

The November 2nd NFL trade deadline is just a month away, and plenty of names have already hit the rumor mill in this regard. We’ve compiled a list of quarterbacks, running backs, wide receivers, and tight ends that could be considered candidates for the upcoming trade deadline based on team performance, depth chart placement, or contract status.

For each, we’ve included the remaining 2021 cash salary at the November 2nd deadline (Deadline Salary), and the dead cap that would remain with their previous team, split over this and next season in some cases where relevant.

 

Deshaun Watson QB • 26 • HOU Deadline Salary: $5.8M
Dead Cap: 2021: $10M; 2022: $16.2M

While the NFL sits on its hands with Watson’s legal situation, it doesn’t appear other teams will be doing so in terms of his future in the league. Trade rumors in both Miami and Philadelphia have picked up steam, and while Watson has a no trade clause, it’s hard to imagine him turning down a legitimate offer from either franchise.

Jimmy Garoppolo QB • 29 • SF Deadline Salary: $13.85M
Dead Cap: 2021: $13M; 2022: $1.4M

Is it likely that the Niners move on from Garoppolo all together during this season? No. But if Trey Lance hits the ground running once his opportunity comes, QB-needy teams will be calling. It only takes one team to overpay.

Nick Foles QB • 32 • CHI Deadline Salary: $2.2M
Dead Cap: 2021: $4.4M; 2022: $2.6M

Foles is certainly overpriced for his current QB3 status, and what’s more, $4M of his 2022 compensation is already fully guaranteed as well. Chicago likely eats a good portion of that to make any sort of deal, but teams like Washington, Pittsburgh, or the Jets could find value in bringing Foles onboard.

Tua TagovailoaQB • 23 • MIA Deadline Salary: $433k
Dead Cap: 2021: $6.4M; 2022: $9.7M

For now, the rumor mills have the Dolphins and Eagles pegged as favorites to acquire Deshaun Watson in the coming weeks. Assuming as such, it’s fair to assess that either Tua or Jalen would be compensation heading back to Houston, at least for the interim.

Jalen HurtsQB • 23 • PHI Deadline Salary: $491k
Dead Cap: 2021: $878k; 2022: $970k

For now, the rumor mills have the Dolphins and Eagles pegged as favorites to acquire Deshaun Watson in the coming weeks. Assuming as such, it’s fair to assess that either Tua or Jalen would be compensation heading back to Houston, at least for the interim.

Marlon Mack RB • 25 • IND Deadline Salary: $555k
Dead Cap: 2021: $1.4M

Mack’s return to Indy was supposed to work out better than this, but just 4 weeks in, both sides appear ready to move on. An under-minimum remaining salary should be attractive ro RB-needy teams such as SF, NE, or CAR.

David Johnson RB • 29 • HOU Deadline Salary: $1.1M
Dead Cap: 2021: $3.9M

Johnson heavily restructured his contract to stick around, but he’s seen just 35% of the snaps thus far. If Houston’s season continues to tumble, Johnson’s ability to catch out of the backfield should attract interest among contenders.

Mark Ingram RB • 31 • HOU Deadline Salary: $1.1M
Dead Cap: 2021: $1.4M

The Texans are little less invested in Ingram than Johnson financially, but he’s seem the lion’s share of rushing attempts thus far. It seems likely that they move on from one of these players before the deadline.

Brandin Cooks WR • 28 • HOU Deadline Salary: $1.1M
Dead Cap: 2021: $1.4M

Cooks is just 28 years old, and is producing well for a not so great Houston offense. He’s been an impact trade to contenders before, and very well could be again in 2021.

N’Keal Harry WR • 23 • NE Deadline Salary: $785k
Dead Cap: 2021: $1.96M; 2022: $1.34M

Rumored to be on the block this past offseason, Harry hasn’t yet found his stride in the pros, and a preseason injury derailed his opportunity this far in 2021. Only half of his 2022 salary is guaranteed.

JuJu Smith-Schuster WR • 24 • PIT Deadline Salary: $555k
Dead Cap: 2021: $1.8M; 2022: $5.6M

After scouring the free agent market, Smith-Schuster ran it back with Ben on a 1 year deal. A rib injury has limited his start, but it’s impossible to think he can’t help a contender down the stretch should the Steelers crash in burn over the next month. He’s also extremely afforable.

Andy Isabella WR • 25 • ARZ Deadline Salary: $508k
Dead Cap: 2021: $753k; 2022: $346k

The Cardinals loaded up on veteran talent this offseason, forcing Isabella out of a WR role, into returner mode exclusively. Rondale Moore has already shown he’s capable of handling all of this and more in his short start, putting Isabella’s non-guaranteed future in question.

Denzel Mims WR • 23 • NYJ Deadline Salary: $476k
Dead Cap: 2021: $758k; 2022: $755k

The 2020 #59 overall pick is certainly being slow-played in into a role with the Jets, to the point of where teams have started to inquire about his availability. This one seems unlikely, but we never rule the Jets out of anything. Mims has no future guarantees after 2021.

Allen Robinson WR • 28 • CHI Deadline Salary: $9.9M
Dead Cap: 2021: $8M

Should the Bears keep Robinson in order to slap a $21.4M 2nd franchise tag on him in 2022? Maybe. But Chicago needs an offensive line as much as they need weapons for their young QB, and adding relevant draft capital now will go a long way in helping that. Robinson is only on this list because of the value he holds

Zach Ertz TE • 30 • PHI Deadline Salary: $7.9M
Dead Cap: 2021: $7.9M; 2022: $3.5M

It was a huge surprise that Ertz broke camp as a member of the Eagles, and with Philly’s season turning downward quickly, it’ll be a surprise if he remains there past the deadline. He’s been targeted sparingly early on in 2021, and is set to become a UFA after the season.

OJ Howard TE • 26 • TB Deadline Salary: $3.3M
Dead Cap: 2021: $2.67M

The Buccaneers are probably looking to ADD as many weapons as possible rather than subtract, but Howard simply isn’t a factor in this offense. He is however a solid insurance policy for Gronkowski & Brate, both of whom have injury histories of late, so this is an unlikely move right now. Howard is finishing off the 5th year option from his rookie contract in 2021, set to become a UFA next spring.

Evan Engram TE • 27 • NYG Deadline Salary: $3.3M
Dead Cap: 2021: $2.67M

Like Howard, Engram is finishing off the 5th year option on his rookie contract, set to become a free agent (or franchise tag candidate) after 2021. His 2020 campaign was a step forward, but injuries have slowed him building upon that this season thus far. The Giants might be one of the worst teams in football come deadline time, and selling off expiring parts then wouldn’t be crazy.

Scott AllenSeptember 10, 2021

Michael GinnittiSeptember 07, 2021

A comprehensive guide to how 2021 NFL rosters are broken down positionally, including a dive into full rosters, and projected Week 1 starting groups.


Related & Relevant Links

 

Total Team Spending

Before we dive too deep, a look at which teams have the most overall cap & combined average salary heading into the 2021 season.

Total Cap Allocations:
1. Cowboys, $201.M
2. Patriots, $198M
3. Browns, $197M
Full List

Total Combined AAV:
1. Bills, $253M
2. Buccaneers, $246M
3. 49ers, $243M
Full List

Total Cash Allocations
1. Cowboys, $262M
2. Buccaneers, $245M
3. Patriots, $241M
Full List

 

 

Top Cap Allocations

The following teams have the most cap percentage allocated to a particular position group entering the 2021 season. Data pulled from: https://www.spotrac.com/nfl/positional/offense/

Offense: Browns, 60.8%
Defense: Patriots, 49%
Quarterbacks: Seahawks, 18.36%
Running Backs: Titans, 8.46%
Wide Receivers: Dolphins, 20.4%
Tight Ends: Browns, 7.8%
Offensive Linemen: Jaguars, 24%
Defensive Linemen: Chiefs, 25%
Linebackers: Cardinals, 27%
Secondary: Patriots, 27%
Special Teams: Ravens, 4.7%

 

 

Projected Starting Lineups

Projecting any week’s starting lineups has become increasingly more challenging in the COVD era, but thanks to sites like OurLads.com & ESPN, we’ve compiled a decent starting point for each NFL team. We’ll continue to update these on a weekly basis here: https://www.spotrac.com/nfl/depth-charts/

Starter Cap Allocations
Total: Browns, $152M
Offense: Browns, $109M
Defense: Bills, $71M

Starter Combined AAVs
Total: Bills, $210M
Offense: Buccaneers, $118M
Defense: Bills, $89M

Notable Notes:

  • The Titans enter Week 1 as the only starting lineup average over 27 years old. The Niners & Ravens round out the Top 3, while the Jets (23.8), Saints, & Panthers enter as the youngest group in the league. The average starting lineup age is 25.6.
  • In terms of combined average salary, the Bills, Bucs, & Browns head into Week 1 with the most expensive starting lineups, while the Steelers, Jets, & Dolphins bring up the rear.
  • Buffalo’s $210M lineup is $11M more than any other team in football. Their average starter AAV is $7.2M, by far the most in the NFL and $3.3M more than the low team Steelers ($3.9M).
  • The Bucs, Browns, & Bills lead the way in terms of starting offense spending, while the Bills, Vikings, & Bears lead the way in defensive dollars.
  • 4 teams, the Seahawks, Giants, Texans, & Ravens, have more than $8M allocated to their starting K/P. The Saints enter Week 1 with just $1.9M allocated to this battery.
  • Average Spending
    Starters: $158M
    Offense: $84M
    Defense: $68M
    S/T: $5.1M
  • Draft Origin:
    Round 1: 215
    Round 2: 159
    Round 3: 118
    Round 4: 82
    Round 5: 69
    Round 6: 54
    Round 7: 31
    UDFA: 184

 

Quarterbacks

Financial Leaders
AAV: Patrick Mahomes, KC, $45M
CAP: Russell Wilson, SEA, $32M


Total Roster

  • QB cap allocations range from $33.8M (Seattle) to $3.7M (Philly)
  • With that said, the Eagles $33.8M dead cap hit to Carson Wentz matches the highest active QB cap total for any team in the NFL.
  • 11 teams have less than $10M of cap allocated to their QB group
  • Average Team QB Spending
    AAV: $23M
    CAP: $15.8M (8.25%)

Projected Starters (QB1)

  • 14 Week 1 starters enter the season with an AAV north of $20M, while 16 fall at $10M or below.
  • 12 no longer play for their drafted team
  • 12 are playing on a rookie contract
  • 6 are playing on expiring contracts
  • Average QB1 Spending
    AAV: $18.6M
    CAP: $12.6M (6.5%)
  • Draft Origin:
    Round 1: 22
    Round 2: 4
    Round 3: 1
    Round 4: 2
    Round 6: 2
    Round 7: 1

Dead Cap
6 teams are carrying more than $10M of dead cap at the QB position, led by PHI ($33.8M), LAR ($24.7M), & DET ($20.5M).

 

 

Running Backs

Financial Leaders
AAV: Christian McCaffrey, CAR, $16M
CAP: Derrick Henry, TEN, $13.5M


Total Roster

  • Only two teams in the league have a combined RB group north of $20M AAV, the Saints ($22.3M), & the Browns ($21.5M).
  • 17 teams have less than $10M in combined AAV allocated to their entire RB group.
  • Average Team RB Spending
    AAV: $8.8M
    CAP: $6.9M (3.6%)

Projected Starters (RB1 + RB2)

  • 15 teams have less than $5M allocated to their top two running backs, a trend that’s been growing steadily over time.
  • RB $ Rank for SB Contenders (FD)
    Chiefs (19), Bucs (18), Bills (31), Packers (8), Ravens (16), 49ers (20), Rams (24), Browns (2), Seahawks (13), Titans (7)
  • Average RB1/RB2 Spending
    AAV: $7.5M
    CAP: $5.6M (2.95%)
  • Draft Origin:
    Round 1: 11
    Round 2: 11
    Round 3: 14
    Round 4: 12
    Round 5: 2
    Round 6: 3
    Round 7: 3
    Undrafted: 8

Dead Cap
The Rams lead the way here with $8.4M of RB dead cap thanks to Todd Gurley, while the Jets ($4.3M) take on a significant hit for Le’Veon Bell, & the Niners for Jerick McKinnon ($2M).

 

 

Wide Receivers

Financial Leaders
AAV: DeAndre Hopkins, ARZ, $27.25M
CAP: Amari Cooper, DAL, $22M


Total Roster

  • While 13 teams have at least $25M of combined AAV allocated to their WRs, the story is at the bottom, where the Falcons have 6 WRs combining for just $6.7M
  • No team has more 2021 cap allocated to WRs than the Dolphins ($40.2M), while rookie contracts & void years make a potent Steelers arsenal the cheapest group in football ($7.5M).
  • Average Team WR Spending
    AAV: $21.2M
    CAP: $17M (8.8%)

Projected Starters (WR1, WR2, WR3, WR4)

  • The Rams top the projected Week 1 WRs with nearly $38M of combined AAV, just ahead of the Browns and Bucs. The Saints, Falcons, & Niners bring up the rear.
  • With injury to Michael Thomas & the departure of Emmanuel Sanders, the Saints starting 4 WRs account for just $4.9M of 2021 cap, easily the lowest in the league. The Chargers ($33.1M), sit atop this list.
  • Average WR1-WR4 Spending
    AAV: $19.6M
    CAP: $15.3 (7.9%)
  • Draft Origin:
    Round 1: 25
    Round 2: 32
    Round 3: 17
    Round 4: 5
    Round 5: 11
    Round 6: 9
    Round 7: 3
    Undrafted: 26

Dead Cap
Desean Jackson & Alshon Jeffery’s departures factor into a league leading $11.5M of WR dead cap for Philly this year. Julio’s trade leaves ATL 2nd ($7.8M), with the Texans ($6.4M) bringing up 3rd.

 

 

Tight Ends

Financial Leaders
AAV: George Kittle, SF, $15M
CAP: Zach Ertz, PHI, $12.7M


Total Roster

  • No surprise, but the Patriots huge offseason puts them with $28M+ of combined AAV toward their TEs, nearly $10M more than any other team.
  • Their AFC East rival Bills sit at the bottom of this list, with just $1.5M allocated to their TEs ($2M of cap).
  • The Browns ($16.5M) have the most 2021 cap allocated to TEs, with the Eagles, and Pats rounding out the Top 3.
  • Average Team TE Spending
    AAV: $9.5M
    CAP: $7.9M (4.12%)

Projected Starters (TE1/TE2)

  • The Pats big offseason led to $25M of combined starting TE AAV, easily the top in the league.
  • Only 8 teams have double digit millions invested into their Top 2 TEs.
  • Average TE1/TE2 Spending
    AAV: $7.7M
    CAP: $6.7M (3.46%)
  • Draft Origin:
    Round 1: 9
    Round 2: 12
    Round 3: 12
    Round 4: 10
    Round 5: 5
    Round 6: 1
    Round 7: 2
    Undrafted: 13

Dead Cap
In moving on from Jesse James, the Lions are carrying $4.8M of TE dead cap this year, by far the most in the league.

 

 

Offensive Lines

Financial Leaders
Tackles
AAV: Trent Williams, SF, $23.01M
CAP: D.J. Humphries, ARZ, $19.9M

Guards
AAV: Joe Thuney, KC, $16M
CAP: Brandon Scherff, WSH, $18M

Centers
AAV: Frank Ragnow, DET, $13.5M
CAP: J.C. Tretter, CLE, $11M


Total Roster

  • The Colts, Saints, and Eagles hold down the Top 3 combined AAV figures among OLs, while the Vikings, Steelers, and Dolphins bring up the rear.
  • The Jaguars have over $50M of combined AAV & cap dollars invested, a clear stance at protecting their new QB1.
  • Average Team OL Spending
    AAV: $39.6M
    CAP: $30.5M (16.7%)

Projected Starting OL

  • The Saints ($48.4M) hold the most expensive Week 1 offensive line, with the Eagles & Lions rounding out a Top 3.
  • Meanwhile, the Steelers projected starting OL combines for a near impossible $7.9M AAV (Trai Turner, $3M is the high).
  • Average Starting OL Spending
    AAV: $35.6M
    CAP: $28.1M (15.4%)
  • Draft Origin:
    Round 1: 44
    Round 2: 35
    Round 3: 25
    Round 4: 13
    Round 5: 9
    Round 6: 10
    Round 7: 5
    Undrafted: 19

Dead Cap
Via retirements, releases, & trades, the Steelers and Raiders each carry $12.3M of offensive line dead cap this year, by far the most in the league.

 

 

Defensive Lines

Financial Leaders
Interior DL
AAV: Aaron Donald, LAR, $22.5M
CAP: Fletcher Cox, Phi, $23.8M

Defensive End
AAV: Joey Bosa, LAC, $27M
CAP: Frank Clark, KC, $25.8M


Total Roster

  • Despite a roster overhaul, the Eagles still have $55.5M of combined AAV allocated to their defensive line, tops in the league. The Niners, Chiefs, & Bengals all have more than $50M invested, while the Titans, Broncos, Lions, & Cardinals enter with less than $20M.
  • Denver enters Week 1 with less than $10M of cap allocated to their DL, $40M less than the leading Eagles.
  • Average Team DL Spending
    AAV: $35.6M
    CAP: $28.1M (15.4%)

Projecting Starting DL:

  • 5 teams (DEN, ARZ, DET, TEN, JAX) are entering the year with less than $10M of cap allocated to their starting DL.
  • The Chiefs have 22% ($42M) of their adjusted salary cap spent into their starting DL.
  • The Broncos have just $6M in combined AAV here to start the year.
  • Average Starting DL Spending
    AAV: $24.5M
    CAP: $19.4M (10.6%)
  • Draft Origin
    Round 1: 40
    Round 2: 17
    Round 3: 20
    Round 4: 12
    Round 5: 7
    Round 6: 3
    Round 7: 3
    Undrafted 11

Dead Cap
Kawann Short's factors in $11M of the Panthers $13.5M in DL dead cap for 2021, tops in the league, while Geno Atkins & Carlos Dunlap leave behind $7.45M to the Bengals.

 

 

Linebackers

Financial Leaders
Rush Linebacker
AAV: Khalil Mack, CHI, $23.5M
CAP: Von Miller, DEN, $22.2M

Off-Ball Linebackers
AAV: Darius Leonard, IND, $19.7M
CAP: Bobby Wagner, SEA, $17.1M


Total Roster

  • While their DL is loaded, the Eagles have less than $5M of combined cap allocated to their linebacking core.
  • The Cardinals added more fuel to an already deep LB arsenal, and now have over $51M of cap invested there - 27% of their team cap.
  • In terms of combined AAV, it's the Bears who lead the way, with nearly $57M allocated.
  • Average Team LB Spending
    AAV: $27.1M
    CAP: $21.6M (11.8%)

Projected Starting LBs

  • The Bucs, Bears, & Lions each have $40M+ of combined AAV invested into their starting linebackers, though the Broncos lead the way in terms of allocated cap ($36M).
  • 11 teams enter Week 1 with less than $10M of cap placed into their starting linebacker core.
  • Average Starting LB Spending
    AAV: $20.3M
    CAP: $15.4M (8.4%)
  • Draft Origin:
    Round 1: 32
    Round 2: 17
    Round 3: 14
    Round 4: 15
    Round 5: 14
    Round 6: 3
    Round 7: 3
    Undrafted: 13

Dead Cap
Luke Kuechly's retirement tacks on $7.1M of cap to the Panthers this year, while Kwon Alexander's departure in SF leaves behind nearly $7M.

 

 

Secondarys

Financial Leaders
Cornerbacks
AAV: Jalen Ramsey, LAR, $20M
CAP: Stephon Gilmore, NE, $16.2M

Safeties
AAV: Jamal Adams, SEA, $17.5M
CAP: Tyrann Mathieu, KC, $19.7M


Total Roster

  • The Broncos spent much of their offseason extending and adding to their secondary, and head into Week 1 with $51M allocated to their DBs, most in the league. Baltimore & New England fall inline right behind, while the Bucs, Falcons, and Lions bring up the rear.
  • Average Team DB Spending
    AAV: $33.5M
    CAP: $28.3M (15.5%)

Projected Starting Roster

  • The Giants ($41M) have nearly twice as much allocated to their secondary as the average team in football does ($22M). Meanwhile the defending champs have just $5.6M posted to their starting 4 secondary, by far the low in the league.
  • Average Starting DB Spending
    AAV: $22M
    CAP: $18.2M (10%)
  • Draft Origin:
    Round 1: 32
    Round 2: 31
    Round 3: 14
    Round 4: 11
    Round 5: 9
    Round 6: 11
    Round 7: 3
    Undrafted: 16

Dead Cap
The Lions ($13M) thanks to Justin Coleman and Desmond Trufant have more cap allocated to past players than they do their starting secondary ($10M). Moving on from Kyle Fuller & Buster Skrine means $12.7M of secondary dead cap for the Bears in 2021.

 

 

Special Teams

Financial Leaders
Kicker
AAV: Justin Tucker, BAL, $5M
CAP: Justin Tucker, BAL, $5.1M

Punter
AAV: Johnny Hekker, LAR, $3.7M
CAP: Johnny Hekker, LAR, $3.9M

Long Snapper
AAV: Luke Rhodes, IND, $1.2M
CAP: Trent Sieg, LV, $1.3M


Total Roster

  • The Seahawks & Giants each have $8.6M allocated to their special teamers, tops in the league. While the Lions, Browns, & Pats round out the bottom 3
  • The Ravens have $8.7M of cap allocated to their S/T
  • Average Team Special Teams Spending
    AAV: $5.4
    CAP: $4.8M (2.6%)

Projected Starting Special Teamers

  • 13 starting kickers carry an AAV less than $1M. The league Week 1 average is $2.6M.
  • 13 punters carry an AAV less than $1M. The league Week 1 average is $1.6M
  • 14 long snappers carry can AAV less than $1M. The league Week 1 average is $997k.
  • Draft Origin:
    Round 1: 0
    Round 2: 0
    Round 3: 1
    Round 4: 1
    Round 5: 11
    Round 6: 10
    Round 7: 8
    Undrafted: 65

Dead Cap
In moving on from Britton Colquitt & Dan Bailey this offseason, the Vikings compiled $3.89M of dead cap for the upcoming season.

Michael GinnittiAugust 27, 2021

 

The 2021 NFL Dead Cap Roster (2:44)
Our look at the highest current dead cap hits from each position, combining for the All Dead Cap Roster, led by now Colts QB Carson Wentz, former Rams RB Todd Gurley, & former Falcons WR Julio Jones. Full Article

 

NFL Multi-Year Spending (5:21)
Scott Allen formulated a list of how each NFL team has doled out cash from 2016-2020, and the leaders who sit atop the list shouldn't surprise many. But the bottom of the list tells a much different story, as it combines teams who have gone through plenty of growing pains with a few legitimate Super Bowl winners & contenders. View the complete list

 

Nerlens Noel Sues Rich Paul & Klutch Sports (23:36)
Keith Smith joins the show to break down the details surrounding Nerlens Noel's lawsuit against former agency Klutch Sports, claiming their decisions cost him upwards of $58M in lost earnings. Keith brings thoughts from the player & agent side, and speaks to how this may shape decisions going forward.

Michael GinnittiAugust 27, 2021

Any given NFL offseason comes with plenty of roster moves, & with most come dead cap hits. We've located the top dead cap hit at each position, formulating the 2021 All-Dead Cap Roster.

 

Pos. Player Dead Cap Hit Current Cap Hit

QB

Carson Wentz

$33.8M (PHI)

$21.3M (IND)

RB

Todd Gurley

$8.4M (LAR)

Free Agent

WR

Julio Jones

$7.75M (ATL)

$15.3M (TEN)

WR

DeSean Jackson

$5.8M (PHI)

$3.2M (LAR)

WR

Alshon Jeffery

$5.5M (PHI)

Free Agent

TE

Jesse James

$4.2M (DET)

$1.1M (CHI)

OT

Isaiah Wilson

$4.4M (TEN)

Free Agent

OT

Bobby Massie

$3.9M (CHI)

$2.2M (DEN)

OG

Ereck Flowers

$8M (MIA)

$3M (WSH)

OG

David DeCastro

$5.5M (PIT)

Free Agent

C

Rodney Hudson

$12.1M (LV)

$2.86M (ARI)

DT

Kawann Short

$11M (CAR)

Free Agent

DT

Geno Atkins

$5.2M (CIN)

Free Agent

EDGE

Leonard Floyd

$3.3M (LAR)

$5.5M (LAR)

EDGE

Rodney Gunter

$2.8M (JAX)

Retired

LB

Kwon Alexander

$6.9M (SF)

$1.1M (NO)

LB

Luke Kuechly

$7.1M (CAR)

Retired

LB

Joe Schobert

$6.25M (JAX)

$1.7M (PIT)

CB

Kyle Fuller

$9M (CHI)

$9.4M (DEN)

CB

Trumaine Johnson

$8M (NYJ)

Free Agent

S

Patrick Chung

$3.2M (NE)

Retired

S

Kenny Vaccaro

$3M (TEN)

Free Agent

K

Dan Bailey

$2.1M (MIN)

Free Agent

P

Thomas Morstead

$2M (NO)

Free Agent

Michael GinnittiAugust 16, 2021

As week 1 nears, and offseason contracts are finalized, our look at a potential Best Value team for the upcoming 2021 NFL season. For each position group, we’ll select one player on a veteran contract, and one player on a rookie contract. NOTE: All figures shown are the current average salary of each player’s contract (AAV).

Combined Veteran Salaries: $139.8M
Combined Rookie Salaries: $34.2M

Quarterback

Brady's restructure didn't change his AAV, and his age hasn't changed his ability to produce at a high level. Lamar Jackson might be a $44M player by the time this posts, but until then, he holds the best value in that age bracket.
Veteran: Tom Brady, TB, $25M (15th)
Rookie: Lamar Jackson, BAL, $2.3M (47th)

Running Back

When healthy, Chris Carson has been one of the more underrated options out of the backfield, but his newly signed extension in Seattle barely cracks the Top 15 financially. Montgomery finally gave the Bears something to smile about in 2020, and he could be in for a major breakout season ahead.
Veteran: Chris Carson, SEA, $5.2M (15th)
Rookie: David Montgomery, CHI, $1M (81st)

Wide Receiver

Adams is eyeing a top of the market deal ($25M+), but it might take a franchise tag next Februrary before those kind of talks gain steam. It won't be long before A.J. Brown sees a similar extension, but for 2021, the Titans will be seeing plenty of value.
Veteran: Davante Adams, GB, $14.5M (18th)
Rookie: A.J. Brown, TEN, $1.4M (95th)

Tight End

Darren Waller should always be in the conversation of "value", but with Zach Ertz's place in Philly highly questionable, it seems reasonable to assume that the talented Goedert could take a huge step in 2021. Andrews is entering a contract year and could be seeing a franchise tag in his future.
Veteran: Darren Waller, LV, $7.45M (11th) 
Rookie:
Dallas Goedert, PHI, $1.4M (50th)

Offensive Tackle

Many of the top-ranked OTs (left and right) locked in new deals this spring, but the Saints did more subtracting than adding. Armstead is still very highly regarded at 30, and is entering a contract year in 2021. The 49ers have good things happening on both offensive and defensive lines, but it will soon cost them a pretty penny.
Veteran: Terron Armstead, NO, $13M (20th)
Rookie: Mike McGlinchey, SF, $4.5M (44th)

Offensive Guard

The guard market has soared of late, and Quenton Nelson has yet to be factored in. There's a $20M interior lineman contract in our very near future. Meanwhile, the Browns have value all over their roster.
Veteran: Joel Bitonio, CLE, $8.5M (13th)
Rookie: Quenton Nelson, IND, $5.9M (19th)

Offensive Center

Frank Ragnow pushed the center market to $13.5M this spring, so Tennessee getting Ben Jones at less than half that is excellent value. The Chiefs spent plenty of capital on upgrading their OL this offseason, but will likely turn to the youngster in the center of it.
Veteran: Ben Jones, TEN, $6.75M (15th)
Rookie: Creed Humphrey, KC, $1.4M (27th)

Defensive Lineman

Shelby Harris has found his way on our best value lists for two straight years now. He's underrated, and should have a real chance to sign with Von Miller & Bradley Chubb operating on each side of him. Vita Vea will be the next Buc up for a major extension, likely in 2022.
Veteran: Shelby Harris, DEN, $9M (40nd)
Rookie: Vita Vea,TB, $3.7M (88th)

Edge Defender

T.J. Watt could be a $30M per year player by the time this posts, as the Steelers and he have been at a bit of a standoff through the summer. Chase Young becomes the next man up here in that scenario. Jerry Hughes could be in the right spot at the right time this year, with the Bills getting reinforcements back on their DL, adding a monstrous rookie in Greg Rousseau, all of which could free up the experienced vet to have a bounceback year from a production standpoint.
Veteran: Jerry Hughes, BUF, $10.75M (36th)
Rookie: T.J. Watt, PIT, $2.3M (112th)

Off-Ball Linebacker

Fred Warner & Darius Leonard added more noise to the top of these rankings, but there are still plenty of great LBs rostered at $10M or less. Smith won't be one of them for too much longer.
Veteran: Eric Kendricks, MIN, $10M (28th)
Rookie: Roquan Smith, CHI, $4.6M (51st)

Cornerback

It's getting tougher and tougher to find a true CB1, and when teams do, they aren't waiting to pay them big bucks. With that said, Bradberry was one of the better free agent signings last March, and Alexander has a chance to surpass Jalen Ramsey's $20M mark in the coming months.
Veteran: James Bradberry, NYG, $14.5M (7th)
Rookie: Jaire Alexander, GB, $3M (56th)

Safety

John Johnson probably should be making $14M on a bad team, but he settled for less to join an already stout Browns defense this spring. Jessie Bates remains one of the more under-valued players in the game, but his soon-to-be extension likely won't be.
Veteran: John Johnson, CLE, $11.25M (8th)
Rookie: Jessie Bates, CIN, $1.2M (67th)

Kicker

The current crop of kickers range from 1st-year minimums ($660k) to $5M (Justin Tucker). Another strong season from Koo likely garners him a multi-year extension in Atlanta.
Veteran: Younghoe Koo, ATL, $920k (25th)
Rookie: Tyler Bass, BUF, $869k (26th)

Punter

Johnny Hekker's been the face of this position both on the field and in terms of pay, but even his job has a question mark this year with LAR bringing in Corey Bojorquez to compete. The Pats used a 5th round pick to take Jake Bailey in 2019, and he seems to be a long-temr option.
Veteran: Logan Cooke, JAX, $3M (6th)
Rookie: Jake Bailey, NE, $702k (34th)

 

Related Links: NFL Salary Rankings

Michael GinnittiAugust 09, 2021

A look at where the projected starting quarterbacks for the 2021 season fall in terms of their current contract status, from "Locked in" to "On their way" to "Who Knows?"

Burning a Hole in Their Pockets

Lamar Jackson, BAL
Recent deals for Dak, Deshaun, & now Josh have all positively impacted Lamar Jackson’s valuation, which now sits at a healthy $44.5M. He projects to a 6 year, $267M extension.

Baker Mayfield, CLE
According to our algorithm, Baker qualifies more inline with Carson Wentz & Jared Goff than he does Deshaun Watson/Josh Allen. For now that means a valuation just north of $35M. Will the Browns overpay a year early, anticipating another big season out of he and the team, or will the wait continue into 2022.

 

On Their Way to a Pay Day

Kyler Murray, ARZ
The #1 overall in 2019 is entering year #3, meaning he’ll be extension eligible after the season. Arizona has added significant pieces on both side of the ball over the past year, putting him in a great position to take a big step forward in 2021. He’s off to a good start holding a $39M valuation, projecting toward a 6 year, $234M extension.

Derek Carr, LV
The Raiders have had plenty of time to move on from Carr over the past few seasons, but he’s played himself out of that thought process, and into serious extension consideration. Yes, the potential for Rodgers or Wilson could still exist in 2022, but another above average year from Carr, and a little more winning from the Raiders, should seal another contract for the two sides in the coming months. Now 30, Carr should be inline for a cap-adjusted version of Ryan Tannehill’s recent deal with the Titans.

Matthew Stafford, LAR
There aren’t many experts out there who don’t see the Matt Stafford/Rams marriage working immediately. If things go as planned, Les Snead will be ripping up the final year of Stafford’s contract and locking him in for the long-term. Mahomes’ $45M will be in jeopardy with this one.

Jameis Winston/Taysom Hill, NO
he closer we get to Week 1, the more questions that seem to be coming out from the Saints. Regardless, both of these players are on 1-year deals, so if either grab the reigns and produce, there will be dollar signs in their future (potentially a franchise tag).

Russell Wilson, SEA
Unsurprisingly, Wilson went nowhere this offseason, though there’s still plenty of contractual turmoil in Seahawksland. That attention could turn to the QB1 next March when the 32 year old will have two years left on his contract, none of it guaranteed. A nice extension to bring Russ back up to the current market without breaking the bank? Not so fast. Wilson holds a $46.4M valuation in our system currently.

 

Needs a Big Year

Sam Darnold, CAR
There are plenty who believe a little less Jets and a little more anywhere else will be the recipe to get Darnold’s career off the ground and running. With his $19M option for 2022 already locked in, a strong 2021 campaign could push the Panthers to think a little more long term. For now, it remains highly unlikely.

Drew Lock, DEN
With Teddy Bridgewater now in the mix, and Aaron Rodgers looming in 2022, Lock may not even find the field in his third year, let alone be eyeing an extension.

Daniel Jones, NYG
Jones is well behind the pack of recently signed QBs in terms of all major statistical production, but a year of winning in NY can change that narrative pretty quickly. For now, he’s on a Jameis Winston, Mitchell Trubisky path.

Ben Roethlisberger, PIT
Kind of weird to put a franchise legend in this category, but Ben’s spot on the Steelers was largely in question heading into 2021, and remains that way despite a 1 year, $14M restructured contract to stick around. A big year could mean another small payday and a continuation of this relationship.

 

Playing for His Next Team?

Matt Ryan, ATL
This isn’t a sure thing. Ryan’s current contractual mess secured his spot in 2021, but Atlanta did a lot of roster management on the offensive side of the ball that could really benefit his ability to produce, and win this season. Ryan is 36, so there likely aren’t massive dollar signs in his future, but a move to a new team, and a slight restructure could very well be in the cards come 2022.

Aaron Rodgers, GB
I don’t think an explanation is necessary here, but it’s almost certain that Rodgers is one more and done with the Packers. A trade out of town will mean a new contract, and based on what we’ve seen from Rodgers the past few times, there won’t be any discounts involved. It’s tough to imagine a 37 year old garnering $50M per year, but I’m not counting it out.

Kirk Cousins, MIN
Cousins could have fit in a lot of these tiers, but I’ll play a little crystal ball here and say that Kirk could be on the outside looking in after 2021. His $35M salary for 2022 is fully guaranteed, so releasing him won’t be an option, but finding a trade partner could be very much in play.

Jimmy Garoppolo, SF
All signs point to Jimmy G getting the Week 1 start and then some, so it appears his $25M+ of compensation will lock in shortly. He’ll likely be a trade deadline candidate, and once past that point, the leader of the 2022 roster bubble list. SF can free up $25.6M of cap in 2022 by moving on in any fashion.

 

Good For Now

Josh Allen, BUF
The latest mega-extension comes out of Buffalo, who locked in Allen to $284M over the next 8 years, with $164M over the next 5 extremely likely. Allen’s job now is to repay the franchise with its first ever Super Bowl.

Dak Prescott, DAL
Well it certainly wasn’t the traditional route, but the Cowboys and Dak finally got to a multi-year extension, and it’s a doozy for Prescott, who gets $126M fully guaranteed over the next 3 seasons. A healthy Dallas is a legit contender for the NFC East in 2021.

Deshaun Watson, HOU
Contractually speaking only, Watson’s extension has barely kicked in. If he’s traded after the 2021 season, he’ll still have 4 years, $136M left on the contract, two years fully guaranteed. Obviously we know less about his future than anyone here though. Elsewhere in Houston, likely Week 1 starter Tyrod Taylor is on a 1 yr, $5.5M contract and has an outside chance of winning the gig for a few years should Watson be traded away.

Patrick Mahomes, KC
Mahomes has 11 years, $466M remaining on his contract, and almost every salary/bonus guarantees at least 1 year early. He’s a Chief until he decides he doesn’t want to be.

Tom Brady, TB
A restructure + void years put $51M+ of cash in Brady’s hands over the next two seasons, with cap hits of just $10.5M, & $17M respectively. There shouldn’t be a need for another restructure after 2021, even if he wins the whole thing again.

Ryan Tannehill, TEN
Tannehill is fully guaranteed through the 2022 season now, so he’ll have time to get acclimated with Julio Jones and attempt to bring the Titans back into AFC contention. There’s plenty of cap to be saved in 2023 if things don’t go as planned.

 

Un-Extendable

Joe Burrow, CIN
After a first year lost to injury, year two will likely be about slowly rebuilding Burrow both physically and mentally with a young roster that could really be something in a year or two. This situation seems a year away from being something to really watch out for - perfect timing for his next payday.

Trevor Lawrence, JAC
The #1 overall pick should get the keys to the team in Week 1, but that has yet to be confirmed. The Jags have done a nice job of readying their ship for this draft selection, so Lawrence’s change to succeed out of the gate should be strong. We could be 3 years away from another historic QB extension in his regard.

Justin Herbert, LAC
Herbert might be the #1 QB to watch this season, as he showed signs of legitimate elite stuff over the course of 2020. The Chargers have two more years of control before he becomes extension eligible, so the window to add expensive pieces is now.

Tua Tagovailoa, MIA
Tua needs a big year, not only for the obvious reasons, but notably because the Deshaun Watson rumors don’t appear to be going away. He’s still two seasons from being extension eligible, so he’s locked in financially at the moment ($9.9M fully guaranteed thru 2023), but there are more questions than answers with Miami’s QB position right now.

Zach Wilson, NYJ
To say it’s been a rocky start is probably an understatement. Still, I keep finding a lot of smart people projecting this situation to work out very well at the end of the day. It may not look great in 2021, but there’s a chance the Jets figure this thing out in the next 2-3 years.

Jalen Hurts, PHI
Wentz, out Hurts in, Hurts out, Watson in? The Eagles could really love Jalen Hurts, or could be dying to replace him right now. We’ll find out in a few weeks when a young Philly offense takes the field in real action. Hurts won’t be extension eligible until after 2022, and his rookie contract guarantees fall off after this season.

 

Who Knows?

Andy Dalton, CHI
The Bears have been calling him the QB1 for 6 months now, but I’m still not buying it. Justin Fields fell into their lap, and has the kind of athleticism to play in the NFL right now. Dalton is a top-level backup QB at this stage of his career, and could be one of those guys that sticks around on solid pay for the next 5 years.

Jared Goff, DET
Goff has a $15.5M roster bonus in 2022 that’s already fully guaranteed, but if things go poorly in 2021 (and they very well might), this could be a 1 and done situation.

Carson Wentz, IND
A brutal exit in Philly combined with an injury to start his Colts career has the Wentz situation in real question. Indy will likely roll with youth to get this season going, but Wentz will get a chance to secure this spot at some point. This team is ready to win now, so if Carson doesn’t appear to be the answer, look for another QB change in 2022, despite the $20M fully guaranteed next season.

Cam Newton, NE
It sure would be nice to get a few more years of the old Cam Newton back, but the odds appear stacked against that happening. It seems more plausible that Mac Jones takes the reins sooner rather than later, pushing Newton into a steady backup role, not unlike the one Andy Dalton is headed for.

Ryan Fitzpatrick/Taylor Heinicke, WAS
All signs point to FitzMagic getting the Week 1 nod, but it’s perfectly possible that Taylor Heinicke wins the job out of the camp. Fitzpatrick has $6M guaranteed on a 1 year contract, while Heinicke locked in $1.5M on a 2 year deal. It’ll take a big year from the latter to keep the WFT from strongly considered finding a new franchise QB next March.

Michael GinnittiAugust 07, 2021

Total & Practical Value

Josh Allen’s $258M new money extension with the Buffalo Bills is the second largest contract in NFL history (Mahomes, $450M). The total contract now sits at $264M over the next 8 years. However practically speaking (based on guarantees and dead cap structure), this is a 5 year, $164.5M contract, with $150M of that guaranteed.

View the Full Contract Breakdown
Watch a Video Breakdown of the Contract

 

Guarantees

Allen’s $100M un upfront guarantees is $5M more than anyone has received in NFL history (Dak Prescott, $95M). The structure of this $100M is even more impressive though, with guarantees pushing into 2024, the fourth year of the contract.

Allen’s 2021, 2022, & 2023 base salaries (combined $32.52M) are fully guaranteed, as are his $2.6M roster bonus this year, $42.4M option bonus next year, & $6M 2024 roster bonus. Factoring in his $16.5M signing bonus gets us to the $100M mark.

Next March, $10M of his 2024 salary fully guarantees, bringing us to $110M in practical guarantees.

In March of 2023, another $13.5M of his 2024 salary locks in, as does $16.5M of his 2024 roster bonus - $140M practically guaranteed.

$10.5M of his 2025 salary becomes fully guaranteed on the 5th league day of 2024, bringing us to the $150M mark, over the course of the next 5 seasons.

 

Cash Flow

As we saw with Patrick Mahomes’ deal, the upfront cash flow for Josh Allen isn’t historic by any means. Allen sees $20M in 2021 (up from $3.5M), $47M in 2022 (up from $23M), & $28M in 2023, combining for $95M over the first three years of the contract. This ranks 6th among active contracts, $31M less than Dak Prescott’s $126M.

In terms of practical matters, the first 5 years of the contract can cash Allen $164.5M, or a practical AAV just under $33M. Other notable Practical AAVs: Carson Wentz ($26M), Jared Goff ($27M), Deshaun Watson ($28M), Patrick Mahomes ($28.3M)

 

Cap Structure

The 6 new years of this contract allowed for plenty of flexibility with the cap initially, and room to restructure as needed.

2021: $10.2M (+$3.3M)
2022: $16.3M (-$6.7M)
2023: $39.7M
2024: $41.7M
2025: $51.2M
2026: $47M
2027: $40M
2028: $41.5M

As in Mahomes’ deal, Allen has given his team considerable cap discounts in the first three years of this contract - most likely aligning with their window of contention. The salary cap hits don’t surpass $40M until 2024, when the league cap should be north of $230M thanks to billions of network money and a revived in-season revenue stream. The $51M+ charge in 2025 could be cause for concern, but that’s also a very realistic line of demarcation for this contract, either as an out for the Bills, or a good time to restructure for Allen (29 years old that season).

 

Concluding Thoughts

$150M of practical guarantees was always going to be the prime number for this contract - regardless of whether Baker Mayfield and/or Lamar Jackson’s contracts were established yet. But the way this contract gets to that number ($100M upfront, $140M by 2023), and with $165M of cash to be made over the course of that time period (2021-2025), this appears to be an exceptionally strong contract for Josh Allen.

While the signing/option bonus structure built into this contract isn’t my absolute favorite method, it’s hard to get around it with so much cash expected in the first 3-4 years of this mega quarterback deals. But the fact remains that the Bills have $58.9M of bonus proration on this contract, and there’s nothing they can do about that (see Carson Wentz & the Eagles).

This contract gives both sides exactly what they wanted. From the Bills standpoint, Buffalo gets to reward their homegrown QB with a top of the market, historic contract while keeping themselves open to extending their own, and/or adding a significant piece in each of the next two offseasons. Josh Allen gets at least $125M out of this contract over the next 4 seasons, regardless of injury, or lack of production, and the structure of his deal allows his team to remain in legitimate contention.

If all goes well, these two sides will be ripping this contract up in 2025, and doing it all over again - bigger and better.

View the Full Contract Breakdown
Watch a Video Breakdown of the Contract

Scott AllenAugust 06, 2021

Michael GinnittiJuly 19, 2021

As we head into training camp week for a few NFL teams, we’ll identify one notable, mostly veteran, player from each organization who could be entering the end of July on their roster bubble.

 

Arizona: Jordan Hicks, LB

2021 Cap Hit: $6M
Savings if Released: $3M
Hicks’ roster spot has been in jeopardy for two years now, and the Cardinals have now drafted his replacement in the starting lineup (Collins). Arizona will take on dead cap hits of $3M this and next year.

 

Atlanta: Steven Means, LB

2021 Cap Hit: $987,500
Savings if Released: $687,500
Means has special teams value, so it’s not a shoe-in that he misses the cut. But the Falcons have more depth at linebacker than any other position. This is a sneaky “OK” roster heading toward Week 1.

 

Baltimore: Andre Smith, OT

2021 Cap Hit: $875,000
Savings if Released: $850k
Smith was a depth signing whose role was supplanted when the Ravens locked in Alejandro Villanueva away from Pittsburgh. He’s a camp cut/sign back after week 1 candidate to remove the vested vet guarantee.

 

Buffalo: Cole Beasley, WR

2021 Cap Hit: $7.3M
Savings if Released: $5.3M
This one’s pure speculation. Beasley doesn’t seem happy, and the Bills do have a strong arsenal of potential WR2s now in the locker room, but it would still be a shocker move. It’s much more likely that someone falls off the defensive line in the coming weeks.

 

Carolina: Rashaan Melvin, CB

2021 Cap Hit: $850,000
Savings if Released: $850,000
A depth corner signing, Melvin will be competing for a roster spot in camp. There aren’t too many more vets to consider here.

 

Chicago: Anthony Miller, WR

2021 Cap Hit: $1.7M
Savings if Released/Traded: $1.2M
Miller’s probably safe, but if one of the 6 WRs currently behind him on the depth chart outplay him in camp, the noise will start to get louder. There’s probably a late round draft pick to be acquired via trade still.

 

Cincinnati: Josh Tupou, DT

2021 Cap Hit: $1.12M
Savings if Released: $1.12M
The Bengals have a surplus of offensive linemen right now, but with Joe Burrow returning from serious injury, they’ll be hard-pressed to get even close to thin in that regard. Tupou’s a camp release, Week 2 return candidate.

 

Cleveland: Cody Parkey, K

2021 Cap Hit: $987,500
Savings if Released: $787,500
Parkey had a solid 2020, and appears to be in line to win the job again this summer. But the Browns brought in Chase McLaughlin to compete for the spot this camp, and anything can happen over the next few weeks. This is a very solid roster.

 

Dallas: Darian Thompson, FS

2021 Cap Hit: $1.2M
Savings if Release: $1.1M
Safety is likely the weakest position on this team, so seeing a veteran taking off the roster here doesn’t make too much sense. But the thinking here is that Dallas could make a move to acquire a potential starter in the coming weeks.

 

Denver: Royce Freeman, RB

2021 Cap Hit: $1.2M
Savings if Released: $970k
Javonte Williams will be a name you’re about to hear a lot as fantasy football drafts rev up. With he, Melvin Gordon, and newly signed Mike Boone in the mix, Freeman could become the odd man out.

 

Detroit: Geronimo Allison, WR

2021 Cap Hit: $987,500
Savings if Released: $850k
Allison currently projected to the 7th WR on this roster, which is right on the cut off line for making the Week 1 roster. Plenty of time to change this though.

Green Bay: Devin Funchess, WR

2021 Cap Hit: $1.5M
Savings if Released: $1.2M
Funchess has been largely useless for the better part of 3 years now, so it was a little surprising to see Green Bay give him a $300k guarantee this winter. That might be a parting gift out of camp in a few weeks, as the Packers have plenty of WRs to choose from (just not 1st rounders).

 

Houston: Mark Ingram, RB

2021 Cap Hit: $2.3M
Savings if Released: $1.8M
The Texans signed 7 players for every position this offseason, so plenty of players are bound to fall off in the coming weeks. Ingram might not have enough left in the tank for what will certainly be a young Houston squad. His $500,000 signing bonus remains the only dead cap until Week 1.

 

Indianapolis: Jordan Wilkins, RB

2021 Cap Hit: $980k
Savings if Released: $920k
The Colts roll into camp with Jonathan Taylor, Nyheim Hines, & Marlon Mack locked into roles. Wilkins has been durable and reliable through three years, and it might behoove Indy to keep him on this alone, especially with Mack’s health a question mark.

 

Jacksonville: Tim Tebow, TE

2021 Cap Hit: $920k
Savings if Released: $920k
The Jaguars have 6 tight ends rostered heading into camp and Tebow likely sits in one of the last two spots right now. While the story would be compelling, there are likely better places to keep a player. Gardner Minshew’s spot seems to be heating up as well.

 

Kansas City:  Frank Clark, DE

2021 Cap Hit: $25.8M
Savings if Released: $19M*
Clark is facing serious legal trouble of which any sort of suspension from the league would void his remaining guaranteed base salary. With that said, his contract still contains $20.4M of dead cap stemming from bonus already paid out. It’s possible Kansas City could push to have some of this bonus repaid, which would lead to an eventual cap credit - but not in 2021. A release this summer would mean $6.8M of 2021 dead cap, $13.6M of 2022 dead cap (and a hole on the left edge of their D-Line)/

 

Las Vegas: Jalen Richard, RB

2021 Cap Hit: $3.5M
Savings if Released: $3.25M
Richard has done plenty to warrant a role on this squad, but the Raiders brought in Kenyan Drake on “serious playing time” money, and they’re going to use him accordingly. With Theo Riddick currently sitting 4th on this depth chart, there’s room for someone to go.

 

Los Angeles Chargers: Ryan Smith, CB

2021 Cap Hit: $1.5M
Savings if Released: $1M
Two new draft selections to the secondary have the Chargers with plenty of options heading into camp. This is the contract that stands out right now.

 

Los Angeles Rams: Johnny Hekker, P

2021 Cap hit: $4.9M
Savings if Released: $3.75M
Hekker has been All-NFL for about a decade now, but he noticeably slipped in 2020, and the Rams have responded by adding two additional punters for a camp competition. Hekker has cap & cash against him right now, but his reputation may precede him in the end.

 

Miami: Allen Hurns, WR

2021 Cap Hit: $2.8M
Savings if Released: $1.15M
Hurns has $1.25M of salary fully guaranteed, but he’s way down the WR depth chart to start camp, and there’s a bit of savings still to be had here. He’s a bubble player for sure.

 

Minnesota: Dru Samia, OG

2021 Cap Hit: $1M
Savings if Released: $850k
Samia posted one of the worst advanced ratings in 2020, and the Vikings added experienced depth to compete for his backup job. But more is always better at the offensive line.

 

New England: N'Keal Harry, WR

2021 Cap Hit: $2.75M
Savings if Traded: $1.4M
Harry’s contract is fully guaranteed through 2021, so it makes no financial sense to outright release him. But a trade for anything gets $1.4M of cap/cash off their books, and frees up a roster spot to be used elsewhere. That’s where this appears to be headed.

 

New Orleans: Latavius Murray, RB

2021 Cap Hit: $4.1M
Savings if Released: $3.1M
Murray has been a worthy backup for the Saints since 2019, and this release probably doesn’t happen until after the 2021 season. But if some of the younger talent (Washington, Montgomery) prove they can handle the RB2 job, there’s a good chunk to be saved here.

 

New York Giants: John Ross, WR

2021 Cap Hit: $1.8M
Savings if Released: $838k
The Giants have three receivers, Ross, CJ Board, & Dante Pettis who are carrying a cap hit north of $1M, but have fragile footing for this roster. It’s just a guess here that Ross will be the odd man out.

 

New York Jets: Chris Herndon, TE

2021 Cap Hit: $2.35M
Savings if Released: $2.1M
Yes, Herndon will enter camp as the TE1 for this Jets team, but 2020 went so poorly, that it stands to reason how long he remains there. Vets Ryan Griffin & Tyler Kroft now sit behind him on the depth chart, and it could very easily get to a point where both sides will request a change of scenery.

 

Philadelphia: Joe Flacco, QB

2021 Cap Hit: $1.56M
Savings if Released: $0
This isn’t happening, but I disliked the timing, cost, & fit of this signing so much that I still hope the contract is terminated before the season gets here. Especially now that Nick Mullens, a perfectly competent backup QB, sits on the Eagles’ depth chart.

 

Pittsburgh: Jordan Berry, P

2021 Cap Hit: $950k
Savings if Released: $850k
Berry’s been in the bottom of punter ratings for a few years now, but he’s probably still solid enough to keep at this price. Pittsburgh drafted some competition in the 7th round this year, so there’s an outside chance he’s pushed off the roster come September.

 

San Francisco: Jeff Wilson, RB

2021 Cap hit: $2.05M
Savings if Released: $920k
Wilson should signs of being a reliable option for SF, but the Niners took an RB in both the 3rd and 6th rounds this year who should factor heavily toward the top of this depth chart.

 

Seattle: Aldon Smith, EDGE

2021 Cap Hit: $987,500
Savings if Released: $850k
Smith is back in legal trouble, and was already on the edge of the Seahawks depth chart. This should be a no-brainer. 

 

Tampa Bay: Steve McLendon, DT

2021 Cap Hit: $987,500
Savings if Released: $987,500
It’s a hell of a story how many bodies the Bucs were able to return from last year, but that doesn’t necessarily mean they’re here to stay. McLendon likely sits as the third Nose Tackle on the roster, which doesn’t bode well for his role heading into camp.

 

Tennessee: Brett Kern, P

2021 Cap Hit: $3.25M
Savings if Released: $2.7M
Kern has been with the Titans since 2009, an incredible tenure in today’s landscape. He’ll get some competition in camp from undrafted James Smith, and there’s a significant amount of cap/cash to be saved working against him.

 

Washington: Deshazor Everett, DB

2021 Cap Hit: $1.8M
Savings if Released: $1.5M
Everett has versatility on his side, playing snaps at both safety and cornerback in his career. Darryl Roberts is currently behind him on the depth chart, but also his $355,000 of his salary fully guarantees, something Everett doesn’t have going for him.

Michael GinnittiJuly 15, 2021
Michael GinnittiJuly 08, 2021

The Aaron Rodgers, Green Bay Packers saga refuses to go away, so we’ll take one final stab at attempting to solve this dilemma, this time via a contract restructure. It’s been said by very smart people that “money is the answer to all problems”, and “deadlines spur actions”, so let’s assume that the closer we get to training camp, the more likely it becomes that the Packers offer an aggressive cash flow restructure to try to lure their future Hall of Fame quarterback back into the facilities. Here’s a look at what that may look like:


37-Year-Old Quarterback Pay

I recently tweeted out a list of notable QBs who played at the age of 37, and their respective compensation during that season. That list was led by Ben Roethlisberger, who scored $40M on a restructure with the Steelers back in 2019. The average team cash payroll that year was $194,600,000, meaning Ben scored just north of 20% of that.

The major difference? Ben Roethlisberger was entering the final year of his contract with the Steelers when they agreed to a restructure. Aaron Rodgers has three years left on his contract, which is generally a no discussion zone for starting over (as Xavien Howard is finding out).

The only recent precedent for pulling future money up in a contract that’s three years from expiring is Julio Jones, who held out the spring of 2018 for a new contract, then agreed to a compromised restructure that saw $2M of this 2019 salary converted to an immediate signing bonus. It’s probably safe to assume that won’t get this situation fixed.

When evaluating Aaron Rodgers as if he were in position for a new contract, our projection tool calculates a near $42M figure. We’ll use this as our ceiling for this restructure.

 

The Packers’ Thought Process

If the plan is (and maybe has been) to keep Rodgers in the fold through 2021, then trade him and subsequently hand the keys to Jordan Love, then this contract restructure can be treated as a 1 year deal - except it isn’t.

There are two things to keep in mind here:

  • Cash flow. The “sell” to Rodgers will be frontloading a proper amount of cash into the 2021 season, which currently stands at $22M.

  • 2022 Dead Cap. Currently speaking, the Packers would take on a $17.2M dead cap hit to trade Rodgers next March, a feasible number. Any new signing bonus will add to this figure, so there’s a bit of a balancing act to be performed here.

So the plan here now is to pull $42M cash into the 2021 season, while still making him a tradable entity next March, both from the Packers and a new team’s perspective.

 

Current Contract

The current contract is laid out as such, with $22M built into this season, and $25M+ into each of the next two. For our restructure, we’ll chop off the 2023 year, and pull the $25M base salary from it up into a signing bonus, paid out in 2021.

 

Restructured Contract

We’ll also tack on 3 void years to the new contract to allow this signing bonus to prorate over a maximum term for cap purposes. Here’s how things look with these changes in place.

The 2021 season now contains $42M cash, including that new signing bonus, as well as almost $1M of cap space for the upcoming season.

I’ve split up the base salary in 2022 into a corresponding roster bonus that will pay out in early March 2022. This is a move for Rodgers, to ensure that he’s not kept on the Packers’ roster until June 2nd before being traded for dead cap purposes.

 

Trading Aaron Rodgers

Once Rodgers is traded next March, the Packers will take on a $37.2M dead cap hit for the 2022 season, $3.4M more than Carson Wentz’ hit to the Eagles this year, which currently stands as the most in NFL history.

The receiving team in the trade will acquire Rodgers at 1 year, $25.5M, with a $15M roster bonus set to be paid just days after his acquisition, meaning a restructured contract with the new team is very likely (another win for Rodgers). If Rodgers is traded to a team he doesn’t particularly care for, he simply plays out the one year term, and hits free agency thereafter.

 

Concluding Thoughts

This is certainly not an ideal situation for the Green Bay Packers, both as a contending football team and in terms of business. It should also be noted that Aaron Rodgers has in no way publicly demanded a new contract, nor has he stated that he will or will not play football in 2021.

Is a $37M dead cap hit tenable for the Packers in 2022?
It’s not great, but it’s not set in stone either. If the Packers feel they can take on more cap in 2021, then removing the void years or keeping more of the $42M as base salary instead of bonus would allow them to eat more cap today, and less next season.

Will Davante Adams extend his contract knowing Aaron Rodgers will be one and done?
This is a fascinating aside to the Rodgers drama. Adams is due for a top flight WR contract, upwards of $25M a year. If the Packers offer it, it’ll be hard for Adams to say no, even if it leads to him demanding a trade in 18 months. But it’s also plausible that he plays out his current contract, and lets himself hit free agency, offering him endless options - including linking back up with Rodgers.

Michael GinnittiJuly 01, 2021

It’s no secret that Baker Mayfield & the Cleveland Browns don’t appear close to reaching a contract extension, but which side is holding up the process? The answer very well may be both.

The former #1 overall selection in 2018 posted a strong rookie campaign, but a forgettable year two in Cleveland, putting a huge monkey on his back heading into the 2020 season. He responded admirably, posting 26 TDs, 8 INTs, while completing 63% of his passes, despite a career low 3,560 yards. More importantly the 11-5 Browns found the postseason, & officially dug themselves out of regular season purgatory.

 

Statistically Speaking

When comparing quarterback numbers from 2018-2020 (min. 25 starts), Baker ranks as follows:

Passer Rating (89.1): 23/28
Yards/Game (241.6): 18/28
Pass TDs (75): 10/28
Interceptions (43): T2/28
Completion % (61.8): 25/28

Provided by Stathead

Not great, but also not exactly the whole story. It’s easy to use the law of averages here and claim that the full sample size for Baker is well below average. But 2018 was good, and 2020 was great. 2019 was so bad, that it’s stinking up the whole thought process. So which Baker Mayfield should the Browns be considering when preparing to discuss his long term status with the team? The correct answer should probably be: TBD.

 

The Browns’ Rebuild

The fact of the matter here is that the Browns have done an excellent job building up this roster around Baker, including a massive offensive line overhaul, an influx for defensive pass rushers, and this year, upgrades to their secondary. Cleveland has used all avenues possible to rebuild this team, and it’s shown both on the field, and within their financial breakdowns. At the time of this piece, the Browns carry the fourth most cap space in the league.So is Baker Mayfield’s recent success more a product of the players around him, or a result of him settling into the league, this team, and his role as a franchise QB? The correct answer should probably be: TBD.

 

Baker’s Financial Future

As shown below, Baker holds a guaranteed $5.1M in 2021, + a fully guaranteed $18.8M 5th year option for 2022 that has already been exercised.

This option is nearly $5M less than that of Josh Allen or Lamar Jackson, as Mayfield hasn’t been selected to a Pro Bowl (yes, that’s how much power that arbitrary game now has financially). So everything’s fine, right? Baker can make his $24M over the next two years while the Browns can get a more thorough look at what kind of quarterback he’s really settling into during that span.

Sure, but the answer to the often asked question, “Why are teams constantly paying their superstars as soon as possible rather than waiting until a contract expires?” is: They’re trying to grab value before other players at a similar position or situation further the market. This is especially true at the quarterback position, where Patrick Mahomes has already broken through the ceiling, and Allen/Jackson will soon surpass Dak Prescott & Deshaun Watson’s $40M+ mark, with $100M fully guaranteed extremely likely.

 

But is Baker Mayfield really in line for the same contract as Josh Allen or Lamar Jackson?

As it currently stands, no, but if Baker builds on his 2020 success both individually and in terms of winning (Browns currently hold the 7th best Super Bowl odds), any thoughts of a contract in the $35M per year range can be thrown out the window. If a realistic valuation for Baker Mayfield includes $70M guaranteed today (6th among active QBs), a successful 2021 campaign can increase that value to $95M+ (Dak Prescott’s current league high).

 

A Conversative Browns Approach

If the Browns believe the seasonal inconsistency isn’t a fluke, rather a trend, then the conversation likely changes completely. No longer should the Browns be concerned about a massive increase in what could be, because their internal thinking will never include that long-term offer. In my personal opinion, Baker Mayfield’s worst case scenario over the next 4 seasons is to fall into a Kirk Cousins’ lane. In this scenario, Baker plays out his rookie contract, earning another $24M for his efforts, after which Cleveland slaps a franchise tag on him in 2023 which could be in the $32M range based on cap projections. This gets Baker to $56M earned, offering Cleveland an out as needed. A second franchise tag for Mayfield then comes in at around $39M, which brings us to $95M, the exact amount referenced above currently attached to Dak Prescott as the most guaranteed money at signing in NFL history.

Will Baker and his camp like this route? Most likely not, but Dak Prescott proved that even the occurrence of injury during this pay-as-you-go process won’t stop an above average quarterback from earning his payday. The rookie contract + two franchise tag plan means high cap hits for those two back years, but the NFL should see an immense jump in league salary cap come 2023, giving the Browns breathing room to handle such a process. Should this play out as proposed, Baker Mayfield would see approximately $123M over his first 7 seasons, with a chance to further his career at age 29.

 

Mocking a Traditional Contract Extension for Baker Mayfield

If the Browns would prefer to stick to a traditional extension, one could be negotiated as early as the middle of the upcoming season, as Browns beat Mary Kay Cabot has mentioned often. It’s possible Cleveland simply wants a taste of 2021 Baker to ensure the player they saw in 2020 is the real deal, after which a long-term contract negotiation could come into play.

Mayfield carries a $35.2M valuation in our system at the time of this piece, but as noted above, this will increase when Josh Allen and/or Lamar Jackson lock in a new deal. Our projection tool places a 4 year, $141M extension on the table, $70M fully guaranteed at signing. We’ll round things up for the most part when building out a mock contract extension here for Baker Mayfield. New Years: 4

New Money: $144M
Signing Bonus: $25M
Guaranteed at Sign: $68M
Potential Guarantee: $108M
Total Contract: 6 yrs, $168M

 

Michael GinnittiJune 28, 2021

Arizona Cardinals

J.J. Watt (DT, 32)
The Cardinals struck early, plucking Watt off the street after he was granted a release from Houston in Mid-February. Watt won’t be the most dominant player on the field most weeks, but he’ll bring plenty of clout to a defense that is looking to keep up with a young, explosive offense in Arizona.

 

Atlanta Falcons

Julio Jones (WR, 32)This one shouldn’t have surprised Spotrac listeners too much, as the writing was on the wall immediately after 2020. Calvin Ridley, Russell Gage, & newly drafted Kyle Pitts will be Matt Ryan’s lead arsenal going forward. 

 

Baltimore Ravens

Sammy Watkins (WR, 28)
With limited capital to work with, the Ravens couldn’t missed out on a few of the bigger WR fish this offseason, but still landed a potential upgrade in Watkins, who brings talent, and playoff experience from LAR/KC to Lamar’s offense. 

 

Buffalo Bills

Extending Their Own
LB Matt Milano, OT Daryl Williams, OG Jon Feliciano, CB Levi Wallace all remain in the fold, while their most important in-house extension is still pending - QB Josh Allen. WR Emmanuel Sanders should be a value upgrade as a WR2/WR3 piece as well.

 

Carolina Panthers

Sam Darnold (QB, 24)
At $23M over the next two seasons, Carolina essentially gets a do-over on the Bridgewater experience with a younger, different style QB. There’s a good chance that a change of scenery and scheme bring out the best in the former #3 overall.

 

Chicago Bears

Allen Robinson (WR, 27)
There were plenty around the game (myself included), who thought there was no chance Allen Robinson would stick with this franchise past 2020, even if a healthy franchise tag was offered. But Robinson signed the tag, and will give Andy Dalton/Justin Fields a legit WR1 weapon to rely on for the season.

 

Cincinnati Bengals

Highly Drafted Offensive Weapons
The Bengals’ “fantasy” lineup now contains 6 players who were drafted in the first two rounds. Joe Burrow/Ja’Marr Chase in the first, Joe Mixon, Tyler Boyd, Tee Higgins, and Drew Sample in the second. If this core gels, it could mean big things from a scoring standpoint over the next 4-5 seasons.

 

Cleveland Browns

John Johnson (S, 25), Troy Hill (CB, 29)
Anytime you can add two highly regarded players from the Rams defense, things are going well for you. Toss in a late addition of Jadeveon Clowney, and this already solid Browns D should be geared up for big things in 2021. 

 

Dallas Cowboys

Dak Prescott (QB, 27)
We didn’t learn much from the NFC East last year, but we all found out just how important Dak Prescott is to the Dallas Cowboys. Dak is back, he’s well-paid, and his offensive weapons are nothing short of outstanding heading into 2021. Did the defense improve enough, and is there enough left in the O-Line to make it all work?

 

Denver Broncos

The Secondary
With Justin Herbert, and Patrick Mahomes in the division, the Broncos have loaded up on defensive backs the past two offseasons, extending Justin Simmons, adding Ronald Darby & Kyle Fuller via free agency, bringing back Kareem Jackson, and drafting Patrick Surtain II. Will they also acquire a QB that will put other defensive backs on their heels in 2021?

 

Detroit Lions

Jared Goff (QB, 26)
Goff fell out of favor rather quickly despite a ton of team success with the Rams. Will his style translate better elsewhere? The Lions don’t exactly boast the best passing game weapons in the league right now, so the odds are likely stacked against him.

 

Green Bay Packers

Aaron Jones (RB, 26)
To me, extending Jones to an at-value contract was a warning shot that the Packers believe they have the right team to push this thing to the top. There are very few reasons to pay a 26 year old running back these days, but pushing the chips all in is one. Did they foresee a massive PR disaster for the next 10-12 months at the QB position? Likely not. But common logic says the restless will calm down come football time, and this roster will return to legit NFC contender standing.

 

Houston Texans

Tyrod Taylor (QB, 31), Davis Mills (QB, 22)
Sure, Houston could just be covering their bases for the upcoming season with the understanding that it’s most likely Deshaun Watson will be sent to the commissioner’s exempt list and/or suspended. But the selection of Mills also tells me there’s a very realistic possibility that once the dust settles a bit, Houston will indeed seek out and grant Watson the trade demand he pushed on them just a few months ago. The Dolphins are patiently waiting.

 

Indianapolis Colts

Carson Wentz (QB, 28)
Unlike Goff, Wentz enters a team where he’s familiar with the coaching, and will be offered a solid group of pass catchers to toss to. But the retirement of Anthony Castonzo seems a huge red flag for the Colts and Wentz’s immediate success.

 

Jacksonville Jaguars

Trevor Lawrence (QB, 21)
The Jaguars out-tanked the Jets for the rights to select Lawrence, and while health remains an issue this offseason, all signs point to an exciting uptick for the Jaguars. Urban Meyer and Co. have held onto and added a lot of speed and versatility in terms of weapons around him - but is the O-Line deep and strong enough to protect a young QB?

 

Kansas City Chiefs

Joe Thuney (OG, 28, Kyle Long (OG, 32), Orlando Brown Jr. (OT, 25)
Quite a response to what was an obvious deficiency in KC’s Super Bowl repeat bid last season. Mahomes loses a weapon in Sammy Watkins, and there are some contractual question marks on the defensive side of the ball (Frank Clark, Tyrann Mathieu), but this is a rock solid AFC team as per usual on paper.

 

Las Vegas Raiders

Kenyan Drake (RB, 27)
This was one of those “huh??” signings at first sight, but once the dust settled (and the Raiders chopped off about $15M from their O-Line), it’s understandable to see them acquire a proven player who can catch a few passes, but also greatly improve their red zone production, without sacrificing Josh Jacobs 100% of the snaps. The Raiders offensive was sneaky good last year, and there’s reason to believe they’ll be better. 

 

Los Angeles Chargers

Justin Herbert’s New Offensive Line
Every season this team on paper gets me believing that their odds in Vegas are crazy off. Then 11 preseason injuries later, I’m feeding my kids bread and water for a few weeks. The difference this year? The notable upgrades all came on the offensive line, and the guy they’re protecting is trending toward a generational talent level. Slater, Aboushi, Linsley, Feiler, Bulaga could finally be the piece to this puzzle that pushes LAC forward. 

 

Los Angeles Rams

Matthew Stafford (QB, 33)
It was the right time for a change, and there aren’t many better landing spots than a Sean McVay led Rams offense for Stafford. Will he hit the ground running with a team ready to win? Tom Brady seems to think that’s possible. Conventional thinking says it usually takes a year to gel and find the rhythms, but this will be a highly bet on team heading into 2021. 

 

Miami Dolphins

Jaylen Waddle (WR, 22)
The Alabama connection QB/WR should have real value, & when tossing in a 1 year flier on Will Fuller, the Dolphins’ passing game is geared to take that next step - assuming Tua has the capacity to take them there. The QB situation in Miami could be on high alert in the coming months, assuming Deshaun Watson’s status changes in Houston.

 

Minnesota Vikings

Dalvin Tomlinson (DT, 27)
The Vikings made it a point to address the defensive side of the ball via free agency, while shoring up offensive line depth via the draft. A third round QB selection also adds a new wrinkle for next offseason. Tomlinson outplayed his ability to be re-signed to the Giants, and it’ll be the Vikings’ gain. 

 

New England Patriots

Jonnu Smith (TE, 25), Hunter Henry (TE, 26)
The QB situation remains very much fluid in New England, but nothing feels more stable and nostalgic than the return of a two tight end set offense with two prominent offensive weapons in those roles. Will the Patriots wildly uncommon spending spree this offseason translate to a contending team?

 

New Orleans Saints

Defensive Losses
We knew the cap crunch was going to be tough on New Orleans, and from a roster standpoint, the defensive side of the ball took the most hits. Gone are DE Trey Hendrickson (CIN), CB Janoris Jenkins (TEN), DT Sheldon Rankins (NYJ), & LB Alex Anzalone (DET), while WR Emmanuel Sanders is the notable loss on that side of the ball. Can a rebuilt defense plus a brand new starting QB for the first time in 16 years keep the Saints afloat in contention?

 

New York Giants

Kenny Golladay (WR, 27)
In an offseason where a plethora of WR options via free agency and the draft seemingly dropped the values to acquire one, the Giants zagged and went all in on Golladay with $40M guaranteed over the next two and a half years. It’s a statement signing to see what they have in QB Daniel Jones - barring Golladay can stay on the field to support him.

 

New York Jets

Zach Wilson (QB, 21)
Wilson is young and talented, but he’ll forever be the guy taken after Trevor Lawrence. Did the Jets screw the pooch by not losing enough games in 2020? Only time will tell, but they’re saying all the right things about their new QB1, and there’s a halfway decent set of pass catchers and a legitimate left tackle already on this roster to give him a fighting chance out of the gate.

 

Philadelphia Eagles

Turnover
You’ll find changs and turnover seemingly everywhere you look on this roster - from the coach to the QB to the WR to the OL to the DL to the secondary (and eventually to the TE position). Philly’s pre-draft trade with Miami might easily be the best thing they do in 2021, as it proved their identified who/what they are this year, and are acquiring assets to follow a year of “taking it on the chin” from a dead cap, and roster growth standpoint. With that said, Jalen Hurts, DeVonta Smith, Miles Sanders, and a few legitimate edge rushers should still raise some hell in the NFC East.

 

Pittsburgh Steelers

Ben Roethlisberger (QB, 39)
Oh to be a fly in the wall of the Steelers’ front office this past winter, trying to decide if ripping the band-aids off and starting fresh in many regards was the proper way forward, or if patching things back together and hoping Mike Tomlin’s magic wand can do the trick one more time was worth the investment. Big Ben’s paycut & restructured contract answered that question in early March, and a surprise return from JuJu Smith-Schuster added even more juice to this team’s defiance to go downward. Massive cap casualties on the O-Line & Defensive side of the ball could tell the true story down the stretch though.

 

San Francisco 49ers

Trent Williams (OT, 33)
After the big pre-draft trade to go up and get their next QB, ensuring his blind spot was secured for the coming years had to be priority number two. San Fran acquired Williams for a 3rd & 5th round pick last year, then paid him $12.5M as a trial run through the 2020 season. That turned into $55M guaranteed over the next three seasons, and what they hope will be a smooth transition from Jimmy G to Trey Lance.

 

Seattle Seahawks

Chris Carson (RB, 27)
See Aaron Jones above. Extending the RB who was allowed to hit free agency signals one thing: We’re all in. Toss in a 2nd round selection of WR D’Wayne Eskridge, and a once disgruntled Russell Wilson at least has a good set of toys to play with - though it remains to be seen if he’ll have enough time in the pocket to see them.

 

Tampa Bay Buccaneers

The All-22

No Super Bowl winner has ever returned all 22 starters in the following season: Until Now. The Buccaneers piggy-backed off of a down league salary cap year to bring all their major pieces back on slightly team-friendly costs, with extremely team-friendly structure. Free Agent Signings | Offseason Extensions

 

Tennessee Titans

Julio Jones (WR, 33)
Tennessee was always on the short list of teams that would be willing to pay the price for Julio, and with an offseason of signings and draft picks focused directly on the defensive side of the ball (rightfully so), this was the right time to splash. Julio steps in for the departing Corey Davis, and now pairs up with A.J. Brown as one of the better 1-2 duos in all of football.

 

Washington Football Team

Ryan Fitzpatrick (QB, 38)
I don’t think there’s enough praise being given to the WFT for this move, despite the fact that there were so many other QBs on the move this offseason one way or another. This Washington team has a lot of things going right for them, and were able to add a savvy WR in Curtis Samuel to up their efficient passing game. After years of overpaying at the QB position with very little return, the franchise decided to slow play this move, bringing in an experienced game manager who can still fling the ball downfield to open receivers - something this offense should have plenty of in 2021.

Michael GinnittiJune 17, 2021
With the revealing of the 2021 Madden Cover now upon us, I'll take a quick look back at the full list of players who have graced this lauded front page, what it's meant for that player and his respective team in the season immediately to follow, how the cover has been dished out positionally, by conference, etc.., and pre or post cover contract implications as well.
SEASON COVER PLAYER(S) TEAM FOLLOWING RECORD
2000 Eddie George Titans 13-3 (1st)
2001 Daunte Culpepper Vikings 5-11 (4th)
2002 Marshall Faulk Rams 7-9 (2nd)
2003 Michael Vick Falcons 5-11 (4th)
2004 Ray Lewis Ravens 9-7 (2nd)
2005 Donovan McNabb Eagles 6-10 (4th)
2006 Shaun Alexander Seahawks 9-7 (1st)
2007 Vince Young Titans 10-6 (3rd)
2008 Brett Favre Jets 9-7 (3rd)
2009 Troy Polamalu Steelers 9-7 (3rd)
  Larry Fitzgerald Cardinals 10-6 (1st)
2010 Drew Brees Saints 11-5 (2nd)
2011 Peyton Hillis Browns 4-12 (4th)
2012 Calvin Johnson Lions 4-12 (4th)
2013 Barry Sanders Lions 7-9 (3rd)
2014 Richard Sherman Seahawks 12-4 (1st)
2015 Odell Beckham Jr. Giants 6-10 (3rd)
2016 Rob Gronkowski Patriots 14-2 (1st)
2017 Tom Brady Patriots 13-3 (1st)
2018 Antonio Brown Steelers 9-6-1 (2nd)
2019 Patrick Mahomes Chiefs 12-4 (1st)
2020 Lamar Jackson Ravens 11-5 (2nd)
2021 Tom Brady Buccaneers  
  Patrick Mahomes Chiefs  

Positionally Speaking

Tom Brady & Patrick Mahomes become the 23 & 24th players to grace the cover of the Madden video game (Founder John Madden held the cover poses from 1988-1999). Since 2000, 11 of the cover players have been Quarterbacks (unsurprisingly), 5 have been Running Backs (somewhat surprisingly), 4 Wide Receivers, and 1 each of TE, CB, S, & LB. 21 offensive players, 3 defenders. 13 of the players came from NFC teams, while 11 hit the cover as an AFC representative.

 

Divison Standings Metrics

7 out of 22 teams have won their division in the same year that one of their respective players was revealed as the Madden Cover. 5 of the 22 finished last in their division, while a total of 9 finished with at least 10 victories. 14 of the 22 teams held +.500 record, meaning there's a 63% chance that the Madden Cover team(s) will win more games than not in the upcoming season. NOTE: While it's somewhat unfair to include the 2013 Lions in here when Barry Sanders graced the cover, let's just say the extra team publicity didn't exactly spur Detroit to do great things.

 

Cover Player Availability & Success

2000, Eddie George, RB, TEN: played all 16 games, led the league in rushes, scored 16 TDs with over 1900 yards from scrimmage.

2001, Daunte Culpepper, QB, MIN: played 11 games (knee injury), throwing for just 14 TDs vs. 11 INTs.

2002, Marshall Faulk, RB, STL: started 10 games (ankle/foot injuries), garnering 1,490 yards from scrimmage, a 6 year low.

2003, Michael Vick, QB, ATL: started 4 games (preseason fibula fracture)

2004, Ray Lewis, LB, BAL: started 15 games, combined for 147 tackles, 2 fumble recoveries, and a sack

2005, Donovan McNabb, QB, PHI: started 9 games (groin injury) throwing 16 TDs vs. 9 INTs.

2006, Shaun Alexander, RB, SEA: started 10 games (broken foot), totalling 944 yards from scrimmage.

2007, Vince Young, QB, TEN: started 15 games, throwing for a career high 2,546 yards, but just 9 TDs vs. 17 INTs.

2008, Brett Favre, QB, NYJ: started all 16 games, throwing for a league leading 22 INTs.

2009, Troy Polamalu, S, PIT: started 5 games (MCL injury), posting career lows in every category

2009, Larry Fitzgerald, WR, ARZ: started all 16 games, leading the league with 13 TD receptions

2010, Drew Brees, QB, NO: started all 16 games, leading the league in Comp % (68.1), while also posting a career high 22 INTs.

2011, Peyton Hillis, RB, CLE: started 9 games (illness, hamstrings), posting 3 TDs & 717 yards from scrimmage. He had just 3 more career starts.

2012, Calvin Johnson, WR, DET: started all 16 games, leading the league in receptions (122), receiving yards (1,964) & yards per game (122.8).

2013, Barry Sanders, RB, DET: 25 year celebration edition

2014, Richard Sherman, CB, SEA: started all 16 games, posting 4 INTs, and 57 combined tackles.

2015, Odell Beckham Jr., WR, NYG: started 15 games, posting 96 catches, a career highs of 1,450 receiving yards & 13 TDs.

2016, Rob Gronkowski, TE, NE: started 6 games (hamstring, back injuries) limiting his production to near career lows across the board

2017, Tom Brady, QB, NE: started all 16 games, leading the league in attempts (581), Pass Yards (4,577), & Yards/Game (286)

2018, Antonio Brown, WR, PIT: started 15 games, snagging 104 catches, and a league leading 15 TDs.

2019, Patrick Mahomes, QB, KC: started 14 games (kneecap injury), limiting his overall production, but still posted 26 TDs vs. 5 INTs.

2020, Lamar Jackson, QB, BAL: started 15 games, combining for 3700+ total yards, 26 Pass TDs vs 9 INTs.

 

Super Bowl Success

Only two teams have had a player grace the cover of that season's Madden, then turn around and win the Super Bowl: The 2016-17 Patriots (Rob Gronkowski) & the 2019-20 Chiefs (Patrick Mahomes). The 2018-19 Patriots are also the only team to win a Super Bowl 1 year AFTER their player was on the Madden cover (Tom Brady).

 

Contract Implications

Eddie George added a 7 year, $41M extension to his Madden Cover offseason in Tennessee.

Marshall Faulk signed a 7 year, $44M extension weeks before he hit the 2002 cover

Shaun Alexander signed an historic 8 year $62M extension with Seattle just before his 2006 cover unveiling.

Brett Favre retired/was traded from the Packers to the Jets when his 2008 Madden Cover was revealed. It didn't go well.

Peyton Hillis was in the final year of his Browns' rookie contract when he hit the 2011 cover. He left for free agency a year later.

Calvin Johnson locked down a 7 year, $113M extension with the Lions a few weeks before his 2012 cover was revealed.

Richard Sherman signed a 4 year, $56M extension with Seattle just weeks before he was named the 2014 cover.

Odell Beckham Jr. was only in the 2nd year of his rookie contract when the Madden crew made him a cover player.

Antonio Brown's Steelers' career came to a memorable end immediately following his 2018 cover year.

Patrick Mahomes followed up his Super Bowl winning cover season with a 10 year, $450M extension.

Tom Brady signed a 1 year, $25M extension a few weeks before he was revealed as the 2021 co-cover (Mahomes).

Michael GinnittiMay 25, 2021

Grady Jarrett, DT, ATL

Holds the 3rd highest cap hit for the Falcons currently, and has two years remaining on his current extension. Converting most of his $13.5M base salary into a bonus and tacking on a few new years could free up over $10M of 2021 space.

 

Lamar Jackson, QB, BAL

Jackson is now guaranteed almost $25M over the next two seasons, a starting point figure when outlining upfront guarantees for his looming multi-year extension. Despite a bit of a step back in 2020, the dynamic 24 year old carries a $42M valuation in our system. Deshaun Watson’s $73M guaranteed at sign is the number to watch for.

 

Mark Andrews, TE, BAL

Andrews has been both consistent & reliable over 3 solid years in Baltimore. A nice offseason for free agent TEs has vaulted his valuation from $11M, to nearly $13M. Something in the 4 for $50M range should get it done.

 

Josh Allen, QB, BUF

With big steps forward in 2020, Allen has put the Bills in legitimate contention, and himself in legitimate conversation for the next monster pay day. His valuation numbers compare favorably to Lamar Jackson’s so it’s possible we see very similar contracts for these two players in the coming weeks. He’s got $26.5M locked in over the next two seasons already, so adding another $170M or so over four new seasons seems about right, $75M guaranteed at the outset. 

 

Tremaine Edmunds, ILB, BUF

The #16 overall selection in 2018 had his option picked up, locking in nearly $15M over the next two seasons. Edmunds just turned 23 so there’s zero concern about longevity here, but it also means the Bills can probably wait a year to get this one done. Myles Jack (4 yrs/$57M, $33M GTD) is a likely comp.

 

Taylor Moton, OT, CAR

Moton resides on a $13.7M franchise tag currently, with the rest of the OL (and the QB) in “wait and see mode”. It’s never a bad time to lock in a good young offensive lineman, but with the right tackle market trending toward $18M a year, it won’t be a cheap decision.

 

Allen Robinson, WR CHI

A divorce between A-Rob and the Bears seemed imminent just a few months ago, but the selection of Justin Fields could signal a bright future for Chicago’s passing game. The Bears could use some cap flexibility, and extending off of Robinson’s $17.8M tag would certainly help that cause, but it will take a blockbuster to get it done. Keenan Allen’s $20.025M deal should be a starting point.

 

Roquan Smith, LB, CHI

While the advanced metrics haven’t been fond of Smith over his first three seasons, but it’s hard to ignore 360 tackles and a good amount of pass rush production. Smith had his best season to date in 2020, and now has $12.8M fully guaranteed through 2022. There’s a good chance he’s involved in resetting this ILB market in the coming months, pushing past C.J. Mosley’s $17M mark.

 

Jessie Bates, FS, CIN

The Bengals D hasn’t had much to talk about of late, but Bates is clearly an exception. With 3 picks in each of his first three seasons, and 320 tackles during that span, he’s been a force in all facets of the game. Now extension eligible, Bates will be looking to cash in on Justin Simmons’ recent 4 yr, $61M extension in Denver. 

 

Baker Mayfield, QB, CLE

The Browns spent the offseason adding fuel to an already solid defensive fire, and may turn their focus to locking a few more notable offensive weapons now, starting with their franchise QB. Baker has posted back to back Top 10 QB seasons in Cleveland but his overall production values him well below that of Josh Allen or Lamar Jackson. A big 2021 could easily push him north of the $40M mark, so waiting to sign Baker could be risky business.

 

Nick Chubb, RB, CLE

The Browns gave Kareem Hunt a 2 year, $12M extension before the 2020 season, guaranteeing him through the 2021 campaign. It seems more and more likely that Chubb will be allowed to play out his rookie contract, putting him in line for a 2022 franchise tag. He carries a $12M valuation currently.

 

Wyatt Teller, OG, CLE

Acquired from Buffalo for a few late round picks, Teller graded out as PFF’s #1 guard in 2020, despite playing just 11 games. He enters a contract year in 2021, valuing just under $12M in our system, comping well to Ali Marpet (TB, 5 yrs, $54M).

 

Connor Williams OG, DAL

With increased role came increased stability and reliability from Williams in 2020. The Cowboys have bigtime contracts for their LT, RT, & RG already, but if Williams is primed to be the LG of the future, it’ll be sooner rather than later. He enters a contract year in 2021.

 

Bradley Chubb, EDGE, DEN

Chubb now has $17M fully guaranteed through 2022 with his option exercised and posted a solid 2020 campaign after an injury riddled 2019. He seems worthy of a multi-year extension, though his production and time missed have him valuing much less ($20M)than the other young edge defenders who have locked in contracts of late.

 

Courtland Sutton, WR, DEN

Sutton has shown enough to prove he’s got a WR1 ceiling in him, but a serious knee injury slowed that process last season. He’s entering a contract year now, and the Broncos may want to see him fully recovered before locking him in. He’s a pretty good comp. for Kenny Golladay right now, who just cashed in $18M per year in NY.

 

Aaron Rodgers, QB, GB

Who knows. Rodgers has 3 years, $73.8M left on his current deal, which means he’s a year away from being in a real conversation about extending under normal circumstances. If any of the current rift can be fixed with money, Green Bay will likely comply. A simple restructure that pulls cash in from 2022 to 2021 is an easy move, and something the Falcons did with Julio Jones of late to keep him in the fold. Statistically speaking, Rodgers values around the $43M mark.

 

Davante Adams, WR, GB

The 28-year-old remains one of the best WRs in the game, entering a contract year in 2021. Whether he stays or finds a new home, Adams is about to reset the WR market financially, currently valuing at $25M - 5 years, $125M.

 

Darius Leonard, LB, IND

Leonard does have pass rush ability/production in him, but his bread and butter more horizontal, and he’s been outstanding for 3 years in this regard. He should blow past Bobby Wagner’s current $18M mark when the Colts finally get this deal done.

 

Braden Smith, OT, IND

Smith has improved in each of his first three seasons, and has spent time both inside and outside the Colts OL, a major advantage come payday. He’ll be right there with Taylor Moton as the next big RT contract in the game.

 

DJ Chark, WR, JAX

One of the more underrated weapons in the game, Chark should have a chance to flourish with Trevor Lawrence now in the fold. Jacksonville may do well to lock in something before that happens. An age adjusted version of Corey Davis’ recent deal with the Jets makes sense (around $13M per).

 

Tyrann Mathieu, S, KC

Still one of the most versatile defensive backs in the game, Mathieu is carrying a high cap figure for the loaded Chiefs. A continuation of this marriage seems imminent, so lowering cap while extending out a few years makes sense for both sides. He values to the exact price he currently sits at, $14M.

 

Orlando Brown Jr., OT, KC

Sure, the Chiefs have stated that they won’t be addressing Brown’s expiring contract until later, but if he looks like the guy who can keep Mahomes upright for the next 4-5 years, this may get done sooner than anticipated. He’ll likely push past the $18M/year deal Kolton Miller locked in with the Raiders.

 

Derek Carr, QB, LV

Who knows. The Raiders followed up a strong finish to 2020 by dismantling their offensive line, and trying to rebuild their secondary on the fly. It’s not perfectly clear who the Raiders are, but if Derek Carr shows like he did last season, locking him in at some point this year seems a no brainer. A cap adjusted version of Ryan Tannehill’s extension in Tennessee makes sense ($32M/year). 

 

Mike Williams, WR, LAC

He’s set to play on a $15M, but with less than 50 catches in each of his first four seasons, he certainly hasn’t give LA #7 overall ROI. That’s subject to change as Corey Davis showed us last year in Tennessee, and the Chargers will likely wait and see if another year with Herbert can bring out that potential before locking in anything long term.

 

Darious Williams, CB, LAR

The Rams possessed the #4 & #9 ranked cornerback in football last year according to PFF, and Jalen Ramsey wasn’t the #4. Williams has been one of the best kept secrets in the game over the past two seasons, after a mid-season waiver claim away from Baltimore in 2018. The Rams slapped a first-round restricted tender on him this year, which comes with a $4.7M salary. His baseline valuation comes in north of $15M.

 

Austin Corbett, OG, LAR

Corbett had breakout campaign in 2020 after being shipped out of Cleveland to make way for Wyatt Teller. He’ll man the right side of Matthew Stafford’s line in 2021, entering a contract year. With versatility to move around the line, Corbett should be a priority to keep around, and values at around $9M per year. 

 

Mike Gesicki, TE, MIA

While his production hasn’t jumped off the page yet, his role and success has improved each of his first three seasons in Miami. With more depth in the weapons around him, Gesicki could find enough space this year to breakout in a contract season - always a good thing when it comes to paychecks. He’s a poor man’s Austin Hooper for now ($10M). 

 

Brian O’Neill, RT, MIN

It’s a good year to be a right tackle in need of an extension, as the numbers should jump up at the top of the list. This likely means a few extra million for O’Neill, who’s solidified his role with three straight years of improvement in Minnesota. He’s about a $7.5M player right now.

 

Harrison Smith, S, MIN

Smith posted another solid campaign in 2020 and is set to enter a contract year in Minnesota. At 32, there’s some question about his age, but a 2 year extension in the $22M range should suffice.

 

Ryan Ramczyk, RT, NO

Another RT in need of a pay day. Like Taylor Moton & Braden Smith, this market should push forward from its current $14M ceiling. Ramczyk projects to a deal in the $16M per year market.

 

Marcus Williams, S, NO

While the numbers over the past few years aren’t quite on par with a Justin Simmons or even an Eddie Jackson, Williams should have no trouble eclipsing the current high mark for free safeties at $15.25M. 4 years, $62M should get it done.

 

Deonte Harris, WR, NO

This one’s a little out of the box, as Harris is entering year 3 of his undrafted rookie contract, with restricted free agency in front of him. But the Saints do business differently than most, and Harris could be in line for a heavily increased role in 2021. Getting a short term extension on the books now before a potential breakout could prove smart. 2 years, $5M might be in the ballpark.

 

Saquon Barkley, RB, NYG

Barkley is recovering from a torn ACL, so the timing for a bigtime extension might not be perfect, but the Giants seem prepared to get this done in the coming weeks. Though the calculated valuation comes in just over $14M, it’ll be a surprise if Barkley doesn’t eclipse Christian McCaffrey’s $16.01M mark.

 

Marcus Maye, S, NYJ

Like Marcus Williams, the overall production doesn’t value him as a $15M safety on paper ($13.2M), but age, ability, & his importance to the Jets defense probably vault him into this conversation. 

 

Derek Barnett, DE, PHI

While he hasn’t quite lived up to his #14 overall selection status, Barnett seems a viable option for edge production going forward. With $12.2M fully guaranteed over the next few seasons, a Shaq Lawson-type contract seems to fit the bill here (4 years, $40M extension).

 

T.J. Watt, EDGE, PIT

Another Watt primed for a major payday, T.J.’s overall lives somewhere in between Myles Garrett & Joey Bosa, providing him a calculated valuation of $25.4M. With that said, Bosa’s $27M high mark is likely in danger here. 

 

Fred Warner, ILB, SF

The 2020 LB of the year according to PFF, Warner is entering the final year of his rookie contract in 2021. He holds a calculated value just north of $17M per year, but should be in serious consideration for resetting this market past Bobby Wagner’s $18M mark, with 60% guaranteed. 

 

Jamal Adams, S, SEA

The Seahawks acquired Adams for a player, 2 firsts & a third last July. Translation: they’re going to soon make him the highest average paid safety in football, even though statistically speaking his best comp is currently Landon Collins ($14M, WAS). $60M+ over 4 years, 55% guaranteed should be in the cards.

 

Chris Godwin, WR, TB

Was 2019 an anomaly? 3 out of Godwin’s 4 seasons were above average, but not elite - statistically speaking. It’s also difficult to see him garnering top WR money in a TB arsenal where he’ll remain a WR2 by committee in Tom Brady’s offense. With that said, his best comp is Kenny Golladay’s new 4 year, $72M deal with the Giants.

 

Jason Pierre-Paul, DE, TB

JPP isn’t going to be the hell-raiser he once was, but he’s been consistently productive at the level he’s molded into late in his career. A deal slightly less than the one he’s set to finish out makes sense to stick with TB (2 yrs, $22M). 

 

Brandon Scherff, OG, WAS

At his best, Scherff projects as one of the top interior linemen in all of football. But missed games and below average sacks allowed numbers keep his calculated value well below top billing ($12M). With that said, Washington slapped an $18M franchise tag on him this season, which brings a whole new element to the negotiating table. A 4 year, $64M extension still seems the endgame here.

 

Jonathan Allen, DT, WAS

The WFT defense can’t stay young and cheap forever. Allen could be the first to lock in a rookie extension, currently carrying a calculated valuation north of $11M. 4 years, $44M tacked onto his $10M option is about right.

Michael GinnittiApril 29, 2021

The deadline for NFL teams to decide on the 5th year option salaries for 2022 for all 2018 1st round selections is May 3rd. We'll track those decisions here.

Pick Team Player Pos. Option Value Exercised?
1 CLE Baker Mayfield QB $18,858,000 YES
2 NYG Saquon Barkley RB $7,217,000 YES
3 CAR Sam Darnold QB $18,858,000 YES
4 CLE Denzel Ward CB $13,294,000 YES
5 DEN Bradley Chubb OLB $12,716,000 YES
6 IND Quenton Nelson G $13,754,000 YES
7 BUF Josh Allen QB $23,016,000 YES
8 CHI Roquan Smith LB $9,735,000 YES
9 SF Mike McGlinchey RT $10,880,000 YES
10 ARI Josh Rosen QB N/A N/A
11 PIT Minkah Fitzpatrick S $10,612,000 YES
12 TB Vita Vea DT $7,638,000 YES
13 WAS Da'Ron Payne DT $8,529,000 YES
14 NO Marcus Davenport DE $9,553,000 YES
15 OAK Kolton Miller LT N/A N/A
16 BUF Tremaine Edmunds ILB $12,716,000 YES
17 LAC Derwin James S $9,052,000 YES
18 GB Jaire Alexander CB $13,294,000 YES
19 DAL Leighton Vander Esch LB $9,145,000 NO
20 DET Frank Ragnow C $12,657,000 YES
21 CIN Billy Price G $10,413,000 NO
22 TEN Rashaan Evans LB $9,735,000 NO
23 NE Isaiah Wynn T $10,413,000 YES
24 CAR D.J. Moore WR $11,116,000 YES
25 ATL Hayden Hurst TE $5,428,000 NO
26 ATL Calvin Ridley WR $11,116,000 YES
27 SEA Rashaad Penny RB $4,523,000 NO
28 PIT Terrell Edmunds S $6,753,000 NO
29 JAC Taven Bryan DT $7,683,000 NO
30 MIN Mike Hughes CB $12,643,000 NO
31 NE Sony Michel RB $4,523,000 NO
32 BAL Lamar Jackson QB $23,016,000 YES
Michael GinnittiApril 29, 2021
Michael GinnittiApril 26, 2021

A snapshot look at how much guaranteed cash each notable quarterback has on the contract currently. 5th year options for Josh Allen, Sam Darnold, & Lamar Jackson are due May 3rd, while any vested veteran will see their 2021 salary become fully guaranteed at Week 1. Please note that this differs from the total dead cap figure on a specific contract, as this is simply guaranteed future salary, not any bonus that's already been paid out. Also note that a few of these players have more guarantees that will lock in next March (Watson, Mahomes). 

 

Michael GinnittiMarch 29, 2021

Josh Allen took major steps forward in 2020, and the Bills organization is well built for a multi-year run of contention in the AFC. Buffalo has locked up their LT, RT, LG, & nearly all of their secondary in the past 12 months. Allen’s extension isn’t a matter of if, but when, and when it comes to young QBs, most GMs answer that question with “as soon as possible”.

With TV money now certain to affect the league financials in 2023 and beyond, it makes sense for most of the stars to make themselves available for new negotiation at or around that timeframe. In other words, Allen should be looking for an extension that locks in 3 years, then gives him a chance to renegotiate thereafter.

It’s easy to quickly run to Dak Prescott’s contract as a comparable for the next few QB deals, but that’s not a realistic measure. Dak signed his contract in year 6, as a free agent, with no current years or salary to be concerned with, outside of a placeholder franchise tag. The better comparison here for Josh Allen is Deshaun Watson, who signed a 4 year, $156M extension with the Texans last September that included $73M guaranteed at signing, with $110M practically guaranteed over 4 years.

 

Projected Contract Extension

 

The Length & Total Value

There’s been a lot of back and forth with how long rookie extension contracts should be, especially after Patrick Mahomes locked in a MLB-style deal with Kansas City. Additionally, the popularity of void years could reduce actual years on the backend of some contracts, making them shorter true length, but still with the proration spread that teams desire for cap purposes. With that said, we’ll make this a somewhat traditional extension, 4 years on top of the current year & 5th-year option already attached to his rookie contract.

In terms of money, the current year and 5th year option combine for $26.5M, so that’s our old money starting point. We’ll tack of $168M of new money over 4 new years, or 6 years, $194.5M.

 

Guarantees

Guaranteed at Signing: $78M, Practical Guarantees: $115M
The important stuff. Our projection locks in $78M fully guaranteed at signing, including a signing bonus, and his 2021, 2022, & 2023 base salaries. His $37M 2024 salary becomes fully guaranteed in March of 2023, giving him an early vest on a 4 year - or chance to convert that 4th year salary into a bonus for his next deal, when the league financials will be very much in his favor to do so.

 

Signing Bonus

2021 Bonus: $25M
The Bills have used a signing & option bonus structure on a few of their most recent larger contracts (Tre’ White, Dion Dawkins), but we’re going to stay away from that with our projection here. Why? By instead placing a rather sizable base salary in 2022 ($20M), we leave the option for Buffalo to restructure that into a signing bonus, which in turn will look and feel like a 2nd year option bonus as needed. The veritable unknown of the 2022 league cap is a bit of a concern here.

 

Cash Flow

Deshaun Watson scored $29M in year one, $39M through year two, $75M through his third contract year, & $110M through year four. The deal we’ve projected for Josh Allen here offers $26M in year 1, $47M through year 2, and over $80M through three years, a sizable jump up.

Total Cash Flow (cumulative)
2021: $26M
2022: $21.01M ($47.01M)
2023: $33.01M ($80.02M)
2024: $38.16M ($118.18M)
2025: $38.16M ($156.34M)
2026: $38.16M ($194.5M)

 

Cap Flow

In pushing to keep 2021 as cap neutral as possible, our projection offers a slight increase of $2.4M to Josh Allen’s hit for the upcoming season. There’s a large jump in 2022 north of $26M, that can certainly be mitigated with a base salary restructure as needed.

Projected Cap Hits
2021: $9.3M
2022: $26M
2023: $38M
2024: $43.1M
2025: $43.1M
2026: $38.1M

 

Rankings

  • The $168M in total value new money would rank 2nd to Mahomes ($450M)
  • The $42M new money average salary would rank 2nd to Mahomes ($45M)
  • The $78M guaranteed at signing would rank 4th, behind Prescott, Ryan, & Rodgers
  • The $115M practically guaranteed would rank 3rd behind Mahomes & Prescott
  • The $80M of 3-year-cash would rank 10th
  • The $118M of 4-year cash would rank 4th
Michael GinnittiMarch 23, 2021

At $37.2M, Aaron Rodgers currently holds the belt for the highest cap hit in all of football for 2021. With rumors circulating about the Packers and he discussing a revamped contract to remedy this bloated figure, we’ll take a look at a few options.

Current Contract


Rodgers currently holds a 3 year, $73M contact with the Packers, with just the recently (assumedly) paid $6.8M roster bonus considered guaranteed. Setting aside this roster bonus leaves us with $15.2M of 2021 cash to deal with in terms of a restructure (a $14.7M base salary, & a $500,000 workout bonus).


A Potential Restructure

This restructure comes with a caveat: Does Aaron Rodgers want to be here for the foreseeable future, OR do the Packers want Aaron Rodgers around for more than a couple of years. These answers matter for a variety of reasons, but most importantly, what kind of restructure are we looking at: A restructure simply for current year cap purposes, or a restructure that includes new years, and new money to help satisfy the player down the road.

Based on pure speculation, we’re going to use the first answer for this exercise. 

The problem with Green Bay looking to free up 2021 cap space AND make this contract as tradable as possible in 2022 is that cap saved now must become cap gained next year. But with traded dead cap hits of $33.8M, $24.7M, & $19M taken on this year to Wentz, Goff, & Stafford respectively, it appears that the days of too much dead cap in order to gain cash freedom & draft capital are over. In other words, a little more dead cap next year probably doesn’t matter a whole lot to the Packers. 

Here’s the projected restructure:


As you’ll see, we’ve lowered the 2021 cap hit from $37.2M, down to $25M, a savings of $12.15M this year. At $22M, the cash compensation remains the same, though $14.125M of it has now been converted into a signing bonus. The $6.8M roster bonus is immovable because we’re assuming it’s already been paid out. 

Going forward, the 2022 league year now comes with a $2.8M increase in cap hit, but the same $25.5M of cash allocation. We’ve converted the $25M base salary into a league minimum $1.12M salary, with a $23.88M roster bonus, due early next March. This ensures any kind of trade will happen immediately (like the Wentz, Goff, Stafford moves did). 

Post 2022 is where things change a lot. We’ve removed the 2023 league year from this contract (as it was just fluff anyway), and added 3 “void years” to this restructure. This allows that $14.125M signing bonus in 2021 to prorate over the maximum 5 years, but also gives Rodgers more control over his destiny should he decided to stick it out in Green Bay through 2022. If Rodgers plays out 2022 then retires or hits free agency, the Packers will be left with an $11.3M dead cap hit in 2023.

So why not restructure this into a 1 year deal that expires after 2021? The Packers want to keep Rodgers a trade asset after the upcoming season, so it’s important that a real salaried year exists in 2022 to allow this to happen once the league year begins next March.

 

What If He Wants to Stay?

If the answer to the original “what kind of restructure is this?” Is an extension to keep him in Green Bay indefinitely, we’re looking at a much different breakdown here. Here’s a look at what notable QBs of late did at age 37 in respect to new contracts:

  • Ben Roethlisberger, 2 year, $68M new money extension (the final year of which was just restructured with a pay cut).
  • Drew Brees, 1 year $25M extension, including 3 void years. Brees ended up earning $45M over two years on this restructure, before re-upping again at age 39 (2 years, $50M).
  • Tom Brady, 3 years, $27M of which he saw 1 year, $13M. He’s since re-upped at 2 years, $41M, 2 years, $30M, 1 year, $23M, 2 years, $50M, & 1 year, $25M since age 37. Consistently earning between $23-$25M per year, but continuously keeping his cap hit (and availability) fluid.
  • Peyton Manning, 2 years, $34M with Denver at age 38. He saw 1 for $19M before retiring on top.
  • Philip Rivers, 1 year, $25M free agent contract at age 38 with Indy. He earned all $25M, and retired after the season. 

 

Conclusions

In other words, if Rodgers does want to make this restructure both about lowering his 2021 cap hit AND adding cash & years to his contract, the recent precedents are all over the place. Which path does Rodgers go down? His financial resume puts him more inline with Roethlisberger than the others, as Rodgers has been prone to “max out” both his contract length, and his upfront cash. Will that change as he hits the twilight of his career? Probably, but his performance in 2020 says it might not have to.


With that said, everyone associated with the NFL knows that this year is weird, next year will be better, and 2023 could be GLORIOUS - including Aaron Rodgers. Regardless of where his head is with the Green Bay Packers, he and every other player amidst contract negotiations right now should be aligning themselves with a chance to renegotiate in or around the 2023 league year, when cash and cap should strong than its ever been in league history. So a 2 year restructure, taking the 2023 year out of the way would also put Aaron in the drivers seat in this regard as well.

All said, this restructure won’t be just about lowering the Packers cap hit in 2021 - but will also tell a story about where his future may live. 



Michael GinnittiMarch 15, 2021

 

DT Taco Charlton stays in Kansas City on a 1 year contract.

TE Chris Manhertz leaves Carolina to join the Jaguars on a 2 year, $7.25M contract. The deal includes $4.25M guarateed.

CB Chidobe Awuzie signs a 3 year contract with the Bengals

TE Hunter Henry leaves the Chargers on a 3 year, $37.5 million contract with the free-spending Patriots. 

CB Sidney Jones stays Jacksonville, who played on a league minimum salary in 2020.

TE Geoff Swaim returns to Tennessee on a 1 year deal. 

EDGE Von Miller had his $18M option for 2021 exercised by the Broncos. $7M of it is now fully guaranteed. Miller carries a $22M cap hit in the final year of his contract. Full Breakdown

DT Dalvin Tomlinson leaves the Giants on a 2 year, $22M contract with the Vikings. $16M is fully guaranteed. 

WR Chris Moore joins the Texans on a 1 year, $2M contract. 

OLB Kevin Pierre-Louis leaves Washington on a 2 year $8M contract in Houston. 

QB Jameis Winston stays in New Orleans on a 1 year, $5.5 million contract, with $7M of additional incentives. Full Breakdown

DE Carl Lawson joins the Jets pass rush on a 3 year $45M contract, $30M guaranteed, after 4 years with the Bengals.

OT Kendall Lamm signed a 2 year $6.8M contract with Tennessee, leaving Cleveland. The deal includes $3M guaranteed, all in 2021. Full Breakdown

OT Matt Feiler signed a 3 year $21M contract with the Chargers, leaving PIttsburgh

EDGE Bud Dupree signed a 5 year $82.5M contract with Tennessee that includes $35M guaranteed.

TE Cethan Carter joins the Dolphins on a 3 year $7.8 million contract, leaving Cincinnati. The deal includes $2.7M fully guaranteed, all in 2021. Full Breakdown

RB Devontae Booker leaves Las Vegas for the Giants on a 2 year, $6M contract.

QB Ryan Fitzpatrick finds his 9th home, joining Washington on a 1 year, $10M contract with incentives to take the deal up to $12M.

DE Henry Anderson finds a new home quickly, joining New England on a 2 year, $7M contract.

WR Corey Davis leaves Tennessee for the Jets, who give out a 3 year, $37.5M contract, $27M fully guaranteed through 2022. Full Breakdown

DT Austin Johnson stays with the Giants on a 1 year fully guaranteed $3M contract. Full Breakdown

DE Denico Autry leaves Indy for Tennessee on a reported 3 year, $21.5M contract that includes $9M guaranteed over the next two seasons. Full Breakdown

TE James Hurst stays in New Orleans on a 3 year $9M contract with $5M fully guaranteed. Full Breakdown

TE Rób Gronkowski returns to Tampa Bay on a 1 year, $8M contract with 4 additional void years for cap purposes. Full Breakdown

RB Carlos Hyde will share snaps with James Robinson in Jacksonville, on a 2 year, $4.5M contract, including $1.4M guaranteed. Full Breakdown

WR Phillip Dorsett makes his latest stop Jacksonville, terms undisclosed.

LS Jake McQuaide leaves the Rams to join Dallas on a 1 year contract

WR Nelson Agholor joins Bourne as another weapon heading to New England, on a reported 2 year, $22M contract.

WR Kendrick Bourne signs a reported 3 year, $22.5M contract to join the Patriots that includes $5.25M fully guaranteed, all in 2021. Full Breakdown

DT Vincent Taylor heads from Cleveland to Houston on a 1 year $2M contract

DT Carl Davis returns to New England on a 1 year contract

CB Ronald Darby leaves Washington for Denver on a 3 year, $30M contract, $19.5M fully guaranteed through 2022. Full Breakdown

ILB Joe Thomas heads across state, leaving the Cowboys to join the Texans on a 1 year $2M contract.

EDGE Leonard Floyd stays in Los Angeles, signing a 4 year $64M contract with the Rams

DE Dawuane Smoot signed a 2 year $14M contract to stay in Jacksonville

EDGE Yannick Ngakoue joins his 4th team, signing with the Las Vegas Raiders on a 2 year, $26M contract, $21M fully guaranteed at signing, including $13M in 2021. Full Breakdown

OT Cam Robinson signed his 1 year $13.754 million franchise tag with the Jaguars. 

OG Justin McCray joins the Texans on a 2 year, $4M contract that includes a $500,000 signing bonus. He spent 2020 with Atlanta. Full Breakdown

S Terrence Brooks leaves the Patriots on a 1 year $2 million contract to Houston, who are active with small, depth signings.

OG Rashod Hill stays in Minnesota on a 1 year $2.3 million contract, fully guaranteed. Full Breakdown

CB Michael Davis remains with the Chargers on a 3 year $25.2 million contract with just $10M fully guaranteed, all in 2021. Full Breakdown

DT Shelby Harris turns his 2020 prove-it deal into a 3 year, $27M contract with the Broncos, with $15M guaranteed. Full Breakdown

CB Cam Sutton stays in Pittsburgh on a 2 year, $9M contract. The Steelers needed value from their departing free agents and appear to have it here. Full Breakdown

DT Maliek Collins signs a 1 year, $5 million contract to join the Houston Texans. The deal includes $2M guaranteed. Full Breakdown

C Corey Linsley follows former Packers O-Lineman Bryan Bulaga to the Chargers on a 5 year, $62.5M contract. He becomes the highest average paid center in NFL history and will get $26M over the next two seasons. Full Breakdown

DE Deatrich Wise remains in New England on a 4 year $22 million contract, $10M fully guaranteed through 2022. Full Breakdown

LB Samson Ebukam joins the Niners on a 2 year $12M contract after four seasons with the Rams. The deal includes $5M guaranteed, all in 2021. Full Breakdown

OG Joe Thuney heads to the Chiefs via New England on a massive 5 year $80M contract with $48M practically guaranteed over the next three seasons. Full Breakdown

S John Johnson leaves the cap-congested Rams to join Cleveland on a 3 year, $33.75M contract that reportedly includes $24M guaranteed through 2022. Full Breakdown

LB Jalen Reeves-Maybin extends another season with the Lions on a 1 year, $2.3M deal, fully guaranteed. Full Breakdown

LB Jarrad Davis leaves Detroit after 4 seasons to join the Jets on a 1 year $5.5M contract, fully guaranteed. Full Breakdown

LS Chris Board continues a stretch of extensions for long snappers, signing a 1 year $2.6M deal to stay in Baltimore.

S Johnathan Ford heads east to Jacksonville after 4 years with Arizona, signing a 2 year $4.2M contract, $600,000 guaranteed. Full Breakdown 

WR Jamal Agnew leaves Detroit for sunny Jacksonville, signing a 3 year $14.25M contract with an out after year 1. Full Breakdown

CB Tremon Smith stays in Houston on a 1 year $1.13M contract, including $280,000 guaranteed. Full Breakdown

S Jalen Mills the Patriots continue to shop big, locking in a 4 year, $24M contract with the former Eagles DB. The deal comes with $9M guaranteed through 2022. Full Breakdown

DT Roy Robertson-Harris leaves Chicago for Jacksonville on a 3 year, $24.4M contract. 

EDGE Matt Judon joins the very active Patriots on a 4 year, $56M contract that includes $32M fully guaranteed.

CB Jason Verrett, remains with the 49ers on a 1 year, $5.5M contract. Full Breakdown

LB Kamu Grugier-Hill stays in Houston on a 1 year $2.5 contract Full Breakdown

WR Andre Roberts leaves Buffalo for Houston a 2 year, $5.5M contract that includes $2.5M fully guaranteed, all in 2021. Full Breakdown

DT Davon Godchaux leaves Miami for colder weather, joining the Patriots on a 2 year, max $16M contract that includes $9M guaranteed.

TE Jonnu Smith joins the Patriots via Tennessee on a 4 year, $50M contract that includes. $31.25M fully guaranteed per his agent. Smith becomes the 3rd highest average paid TE in the game with the deal.

OL Cam Erving leaves Dallas for the Panthers, who are loading up on their O-Line early on. The reported deal comes in at 2 years, $10M with $8M guaranteed. Full Breakdown

OL Pat Elflein joins the Panthers on a 3 year, $13.5M deal including $6M guaranteed. The former Jet becomes the first of what could be a busy offseason of moves for the Panthers.

OLB Markus Golden remains in Arizona, locking in a 2 year, $9M extension.

EDGE Shaq Barrett returns to the Buccaneers, agreeing to a 4 year $68M extension just before the negotiation period opens, including $36M fully guaranteed. The deal includes an $18M signing bonus, and a 2021 cap hit around $6M. Barrett can add another $1M per year with 15 sacks and a playoff berth. Barrett carried an almost $20M valuation, so a base $17M per year is a nice deal for Tampa. More details as they come in…

EDGE Romero Okwara returns to the Lions on a 3 year, $39M contract, who held a valuation just north of $10M in our system. It’s an exceptional raise for a player who peaked in his contract season in Detroit. 

OG Kevin Zeitler joins the Ravens on a 3 year, $22.5M contract, including $16M fully guaranteed through 2022. He was released by the Giants just 5 days prior. Full Breakdown

DE Mario Edwards stays in Chicago on a 3 year, $11.66M extension that includes $4.5M in 2021. Edwards had his best season to date in a platoon role for the Bears, & could see himself with more snaps from here out. Full Breakdown

OG Jon Feliciano becomes the latest Bills player to stick around, locking in a 3 year, max $17M contract. Additional details still pending…

RB Aaron Jones wasn’t franchise tagged, but he agrees to a 4 year, max $48M extension to stay in Green Bay nonetheless. The deal includes a reported $13M signing bonus in 2021.

FB Kyle Juszczyk extends his stay in San Francisco with a 5 year, $27M contract that includes $9.6M fully guaranteed at signing. The deal carries $5.4M cash in 2021 & a friendly $2.275M cap hit. Full Breakdown

K Dustin Hopkins stays in Washington on a 1 year, $2.4M extension that includes $1.8M fully guaranteed. Full Breakdown

TE Josh Hill quickly finds a new home after being ousted from New Orleans, signed a 1 year contract with Detroit. 

CB Emmanuel Moseley stays with the Niners, locking in a 2 year, $9.384 million extension. Full Breakdown

C B.J. Finney finds his way back to Pittsburgh after being released from the Bengals. It’s a 1-year deal.

QB Tom Brady signed a 1 year, $25M extension with the Buccaneers that guarantees him through age 45, while lowering his 2021 cap hit by $19M. Full Breakdown

CB Vernon Hargreaves returns to Houston on a 1 year contract. Terms have not been disclosed.

QB Cam Newton heads back to New England on a 1 year, $5.1M contract with $3.5M fully guaranteed, and plenty of ways to earn more. Full Breakdown

LB Christian Kirksey was released out Green Bay, but quickly finds work in Houston on a 1 year, $4.5M contract. Full terms not yet released.

CB Robert Alford stays in Arizona on a 1 year contract. Full terms not yet released.

LB Pernell McPhee signs a 1 year extension to remain in Baltimore.

C Tyler Shatley signs a 1 year extension to remain in Jacksonville

P Michael Palardy joins Miami on a 1 year deal after being released from the Panthers.

OT Daryl Williams stays in Buffalo on a 3 year, $24M contract that includes $9.4M fully guaranteed at sign. He’ll make almost $17M over the next two seasons. Full Breakdown

K Younghoe Koo becomes the first Falcons signing of the offseason, extending a 1 year contract in Atlanta.

K Cairo Santos signs a 3 year, $9M extension in Chicago that includes $3.5M this year before options. Full Breakdown

LB Matt Milano takes a hometown discount to remain in Buffalo, signing a 4 year $41.5M extension with the Bills that includes $20M fully guaranteed at signing. Milano will see $21.5M over the next two seasons. Full Breakdown

LB Tanner Vallejo stays in Arizona on a 2 year, $4.1M contract. 

RB Mark Ingram joins the Texans on a 1 year $2.5M contract including just $500,000 guaranteed. The Ravens released him mid-January. Full Breakdown

OG Brandon Scherff signed his 1 year $18 million franchise tag with Washington.

QB Brandon Allen signed a 1 year extension with Cincinnati

LS J.J. Jansen extends a 1 year contract with Carolina.

LB Lavonte David stays in Tampa Bay on a 2 year, $25 million extension that includes $17.5M guaranteed at signing, & a $7.7M cap hit in 2021. Full Breakdown

OT Taylor Moton signed his 1 year $13.754M franchise tag, making it fully guaranteed with the Panthers. The two sides have until July 15th to hammer out a multi-year extension.

QB Dak Prescott signed a 4 year, $160M extension to remain in Dallas, including $95M fully guaranteed at signing and $126M through 2023. Full Breakdown

LB Andre Smith signed a 2 year $2.4M extension to stay in Buffalo, including $300,000 fully guaranteed. Full Breakdown

RB Ty Montgomery stays in New Orleans on a 1 year, $1.1M contract. 

S Micah Hyde signed a 2 year, $19.25M extension with the Bills that includes $9.6M fully guaranteed at signing. Full Breakdown

DT Justin Ellis, extends 1 year with the Ravens. Terms undisclosed.

TE Ross Dwelley signed a 1 year $1.6M extension to remain with the 49ers, including $480,000 guaranteed. Full Breakdown

C Justin Britt signed a 1 year $3.2M contract to join the Texans after his release out of Seattle. The deal includes $500,000 guaranteed. Full Breakdown

DE Stephen Weatherly signed a 1 year, $2.5M contract to stay in Minnesota, including $500,000 guaranteed. Full Breakdown

SS J.T. Gray stays in New Orleans on a 2 year, $4M contract extension that includes $2M guaranteed. Full Breakdown

LS Trent Sieg signed a 3 year, $3M extension with the Raiders that includes a first year guarantee. Full Breakdown

WR Tyrell Williams finds a new home in Detroit after being ousted in Las Vegas on a 1 year heavily incentivized $4M contract. Full Breakdown

LS Clark Harris stays in Cincinnati on a 1 year, $1.2M contract with a $137k signing bonus. Full Breakdown

DE J.J. Watt bucks a lot of rumors signing a 2 year $31M contract with the Arizona Cardinals. The deal includes $20M fully guaranteed at signing. Full Breakdown

Michael GinnittiMarch 15, 2021
Michael GinnittiMarch 14, 2021

Right of First Refusal: $2,133,000
Current team has the ability to match an offer sheet, but won't gain compensation if they fail to do so

Original Round Tender: $2,183,000
If an offer sheet is not matched, the losing team will gain a draft pick equal to where the player as originally selected

Second Round Tender: $3,384,000
If an offer sheet is not matched, the losing team will gain a second round pick from the acquiring team

First Round Tender: $4,766,000
If an offer sheet is not matched, the losing team will gain a first round pick from the acquiring team

Michael GinnittiMarch 10, 2021

With the 2021 league salary cap now set at $182.5M, these are the confirmed franchise & transition tag values per the NFL (a day late and a dollar short). Check out a complete historical look at franchise tags here

Confirmed Franchise Tags Offered in 2021

QB Dak Prescott, DAL, $37,690,800 (2nd tag, placeholder)
DE Leonard Williams, NYG, $19,351,200 (2nd tag)
OL Brandon Scherff, WAS, $18,036,000 (2nd tag)
WR Allen Robinson, CHI, $17,880,000 (120% of 2020 salary)
WR Chris Godwin, TB, $15,983,000
OL Cam Robinson, JAC, $13,754,000
OL Taylor Moton, CAR, $13,754,000
S Justin Simmons, DEN, $13,729,200 (2nd tag)
S Marcus Williams, NO, $10,612,000
S Marcus Maye, NYJ, $10,612,000

 

Non-Exclusive Franchise Tag Values

Position Value
Quarterback $25,104,000
Running Back $8,655,000
Wide Receiver $15,983,000
Tight End $9,601,000
Offensive Lineman $13,754,000
Defensive Tackle $13,888,000
Defensive End $16,069,000
Linebacker $14,791,000
Cornerback $15,060,000
Safety $10,612,000
Kicker/Punter $4,482,000

 

Transition Tag Values

Position Value
Quarterback $23,016,000
Running Back $7,217,000
Wide Receiver $14,340,000
Tight End $8,182,000
Offensive Lineman $12,657,000
Defensive Tackle $11,752,000
Defensive End $13,926,000
Linebacker $12,716,000
Cornerback $13,294,000
Safety $9,052,000
Kicker/Punter $4,068,000

 

 

Michael GinnittiMarch 09, 2021

Don't feel like reading? Watch a visual breakdown of this contract here.

 

Ranking the Contract Details

  • The $160M total value ranks 2nd to Patrick Mahomes' $450M in NFL history. While it's unlikely Mahomes actually sees all $450M of his, it's somewhat possible Dak plays out his full 4 seasons.
  • At $40M per year, Dak also ranks 2nd all-time behind Mahomes, though the contract is structured as $126M over the first 3 years, a historic $42M per season.
  • That $126M is practically guaranteed right now, and it ranks 2nd only to Mahomes' $141. The difference? Dak gets all of his in 3 years, while it will take Mahomes 5 years to get his $141M.
  • Of the $126M, $95M is fully guaranteed right now, an NFL record (surpassing Matt Ryan's $94.5M). The remaining $31M is injury guaranteed now, and becomes fully guaranteed on the 5th league day of 2022.
  • The $66M signing bonus is the highest in NFL history, topping Russell Wilson's $65M. Wilson's bonus payout was split over two seasons, while Dak will get all of his in the 2021 calendar year.
  • Speaking of, the $75M cash to be earned is the most Year 1 payout on a contract ever, surpassing Aaron Rodgers' previous high of $66.9M. Dak's $95M to be earned through Year 2 is $7M more than any other contract, topping Russell Wilson's $88M, & the $126M over three years is the most ever by a whopping $19M (Wilson, $107M). If he were to play out the full deal, the $160M earned over 4 years would top Russell Wilson's 4-year payout by $29M.

 

Breaking Down the Guarantees

As previously stated, Dak Prescott's new contract comes with $95M fully guaranteed at signing, most in NFL history. This is comprised of the $66M signing bonus, a $9M salary in 2021, & a $20M salary in 2022. The remaining $31M 2023 salary is (importantly) guaranteed for injury right now, and converts to fully guaranteed on the 5th league day of 2022, a year before it will be paid out. This all but ensures a $126M payout over the next three years, or $42M per year through the guaranteed portion of this contract. If Dak is still on this contract in March of 2024, a $5M roster bonus is due in the 5th league day.

 

The Cap Structure & Void Years

The Cowboys wanted a longer team contract in order to spread out the cap as much as possible, while also ensuring Dak would be under their control for as long as possible. Dallas compromised the latter, adding two void years to the back end of this 4 year contract to maximize the bonus proration. Signing bonuses are allowed to be prorated over a maximum 5 years, so the $66M bonus will account for $13.2M of salary cap each of 2021-2025. So why the additional void year in 2026? It appears the contract contains language that will automatically restructure Dak's fully guaranteed $20M salary for 2022 into a signing bonus. So here's how that might work:

Current Cap Hits
2021: $22.2M
2022: $33.3M
2023: $44.2M
2024: $47.2M
2025:$13.2M (dead cap)

Projected Cap Hits After the 2022 Restructure
2022: $18M
2023: $47.98M
2024: $50.98M
2025: $16.98M (dead cap)
2026: $3.78M

If Dak plays out the contract through 2024, then decides to test free agency in lei of signing an extension with Dallas, the Cowboys will take on an estimated $20.76M dead cap hit to see him walk away in the 2025 season.

 

Concluding Thoughts

You'll be hard pressed to find an NFL player who's ever had as much leverage as Dak Prescott did over the past few months. There are plenty of people out there (myself included) who feel this contract can be classifed as a better contract than what Patrick Mahomes signed with the Chiefs last year. While nobody will be crying for Mahomes as he surpasses the $200M earned mark somewhere down the road, Dak has ensured himself a life changing payday, while also retaining control of his destiny somewhere between the age of 31 and 32 years old, or the age that Matthew Stafford just left Detroit. This won't be the last we'll hear from Dak Prescott and contract negotiations, and with a reported $14 billion in new TV money right around the corner, the next version of this could be simply eye-popping.

 

 

Michael GinnittiMarch 05, 2021

Ben Roethlisberger entered 2021 with the highest cap number in all of football, a whopping $41.25M in the final year of his contract with the Steelers. After the decision was made for Ben to return, the focus became lowering that cap hit. Here’s how Pittsburgh did just that.

 

Pre-Existing Dead Cap

Whenever a player is extended out of an existing contract, any bonus proration that hasn’t yet hit the salary cap must transfer to the new deal. In Ben’s case, this meant the $12.5M of signing bonus proration, & the $9.75M of restructure bonus proration - a total of $22.25M. This bonus proration is 100% inflexible, meaning the full $22.25M must live in the 2021 league year of the new contract. If the current contract has multiple years remaining each with bonus proration the new contract must mimic the old in terms of this pre-existing dead cap. 

Note: Any dead cap associated with a guaranteed salary or roster bonus must also transfer to the new contract, but it can be structured as needed. Often times these guarantees are converted into a new signing bonus.

 

The New Contract Structure

With the pre-existing dead cap already in place, the only way for the Steelers to clear cap space is to utilize a new signing bonus, with multiple years to spread the cap out across. Since 39 year old Ben isn’t inline for a true 5 year contract, the use of void years is the best way forward for Pittsburgh, despite the fact that they’ve refused to use them in the past.

 

Cash Compensation

The minimum salary for a player of 7 years or more experience in 2021 is $1.075M. This is the base compensation Ben will earn throughout the course of the season. In addition, Pittsburgh gave him a $12.925M signing bonus, for a total of $14M - $5M less than he was previously scheduled to earn.

 

Cap Structure

The new contract is a 1 year deal, with 4 additional void/dummy years tacked on to allow the signing bonus to prorate over the maximum 5 years. This frees up as much cap space as possible in the 2021 league year. The Steelers end up saving $15.34M of cap for the 2021 season by extending Ben Roethlisberger.

 

What Happens After 2021?

The contract will automatically void prior to the start of the 2022 league year, with a $10.34M dead cap hit leftover for Pittsburgh to take on at that point. The $10.34M is the sum of the 4 remaining signing bonus prorations all accelerating into 2022, as if it were a Pre June 1st release. However, if Ben & the Steelers decide it’s not yet the end of the road after this season, an extension can be negotiated prior to the void that will stop the bonus proration from accelerating. This new extension would then transfer over the 2022-2025 void structure, meaning only $2.585M of pre-existing cap in 2022, a much easier place to start for the Steelers.

 

Michael GinnittiMarch 03, 2021

There's likely nothing more frustrating to the average NFL fan than trying to understand just how "guaranteed" a player's contract actually is. Unfortunately, the way this is communicated regularly adds to the confusion. Here's a quick breakdown to hopefully help uncover some of the concerns.

Guaranteed at Signing

There's no better place to start with a contract breakdown than this value, as it tells the story of the cash a player will 99.9% earn on the deal. Why not 100%? If a player is suspended for conduct, or has a non-football related injury that keeps him from honoring the contract, teams can void guarantees, or recoup already paid signing bonus. For most multi-year contracts in the NFL, guaranteed at signing will include an initial signing bonus, and any salary or roster bonus due in that first season. For some, the 2nd year salary will also be included in this metric. 

Future, but Practical Guarantees

"Ok, so if i just look at the Guaranteed at Signing value, I'll know everything I need to know". Not necessarily. The reason we show two values for guaranteed money within a contract is that often times, future guarantees kick in a year (or even two) early. This is the "Guaranteed Mechanism" buzz phrase you certainly heard plenty about after Patrick Mahomes' contract was signed. 

For instance, let's say a player has $15M fully guaranteed at signing, a bonus, a first year salary, and a second year salary. However, the player's 3rd year salary becomes fully guarantees in March of the 2nd year. This is what we classify as a "practical" guarantee, as it's not at all likely that the player will be released out of his contract before that 3rd year salary guarantee kicks in. This is very often also the case for a roster bonus in year 2 or 3 that isn't fully guaranteed at signing, but because it becomes guaranteed or payable in early March, has a practically of earning to it. 

Full vs. Injury Guarantees

Lastly, the different between a full guarantee, and a guarantee for injury is very important. Any salary or bonus that is deemed "fully guaranteed" will be paid out to the player regardless of status (with the exception of the suspension or non-football injury as described above). An injury guarantee is simply an insurance policy in the event that a player suffers a football related injury that doesn't allow him to pass a physical once the salary becomes applicable. 

Odell Beckham Jr.s 2021 salary is the latest example of an injury guarantee vesting. When OBJ tore his ACL in 2020, nearly $13M of his 2021 salary became essentially vested, as it holds the injury guarantee insurance on it. 

Very often, any "practical" guarantees that are not "fully guaranteed at signing" are deemed "injury guarantees" at the beginning of a contract. Those injury guarantees convert to full guarantees on specific days built into the language of the deal (often one of the first 5 days of a respective league year).

 

Michael GinnittiMarch 02, 2021

The following releases have been reported:

 

Henry Anderson, DE (NYJ)

The Jets clear $8M of 2021 cap space by moving on from Anderson, who earned $17.5M of his 3 year, $25.2M contract signed back in 2019. 

 

Kyle Rudolph, TE (MIN)

After 10 strong seasons & $50M earned in Minnesota, Rudolph will hit the open market, leaving behind $4.35M of dead cap, but freeing up $5.1M of space.

 

Kyle Van Noy, ILB (MIA)

Van Noy's release has yet to be made official as the Dolphins attempt to trade him at the last minute, but it seems inevitable that the former Pat will be one and done in Miami. He'll earn just $15M of the $51M free agent contract signed last March, leaving behind $4.125M of dead cap, while freeing up $9.775M of space.

 

Buster Skrine, CB (CHI)

The Bears have reported that this move is "pending" which could mean they'll designate him a Post June 1st release on March 17th. If so, they'll carry his $6M cap hit until June 2nd, after which they'll take on dead cap hits of $1.1M in 2021, & $2.2M in 2022, freeing up $4.9M of space for the upcoming season.

Michael GinnittiFebruary 17, 2021

We're just a month away from the official start of the 2021 league year and free agency season, so we'll take a moment to highlight some of the more notable names who could be hitting the open market, including projected contracts, thoughts, & a "Best Guess" for each.

Related Links

Team Player AGE POS PREV. AAV PROJ. CONTRACT Thoughts
ARI Patrick Peterson 30 CB $14M 2 yrs, $25M He'll be 31 this season, but has been both reliable and consistent in 10 seasons. He should carry a $12M per year floor, even if contenders like the Chiefs get involved for his services.

BEST GUESS: Denver
ARI Kenyan Drake 27 RB $8.4M 2 yrs, $10M Drake had a chance to grab hold of the #1 role in ARZ on a transition tag in 2020, but failed to do so. He's a good addition to a multi-RB situation, but not at top dollar.

BEST GUESS: NY Jets
ARI Haason Reddick 26 OLB $3.3M 3 yrs, $30M Reddick peaked at the right time per a move back to the edge, raising his value from nearly nothing - to what should be a nice payday. Shaq Lawson's deal in Miami is a strong comp here.

BEST GUESS: Cincinnati
ATL Alex Mack 35 OC $9M 1 yr, $5M Mack remains an above average run blocker though he's lost a step in his mid 30s. His experience will be attractive to teams like SF, BAL, ARZ who struggled in this regard.

BEST GUESS: San Francisco
ATL Keanu Neal 25 SS $2.6M 3 yr, $18M Teams in need of a true box safety who can stuff the run and cover the middle of the field should have their eyes on Neal's potential departure from the Falcons.

BEST GUESS: Chicago
BAL Yannick Ngakoue 25 OLB $12M 4 yrs, $64M Ngakoue is a bit of a forgotten player after bouncing around in 2020, but at just 25 he still has time to settle in to a full-time role as a dominant pass rusher, and thus should be paid accordingly.

BEST GUESS: Baltimore
BAL Matt Judon 29 OLB $16.8M 4 yrs, $65M Judon's 2020 season was cut short due to injury, dampening his value a bit as he hits the open market. Rush needy teams like Tennessee, Las Vegas, & Green Bay will have interest, but only at the right price.

BEST GUESS: Tennessee
BUF Matt Milano 26 LB $655k 4 yrs, $55M Milano's value doesn't jump off the page, but in today's game - where running backs and tight ends out of the backfield are as dangeous as ever, his ability to cover horitzontally is monumental.

BEST GUESS: Detroit
BUF Daryl Williams 28 OT $2.25M 3 yrs, $24M Williams more than outplayed his previous contract with the Bills, and there's a world where he becomes the best available RT on the open market this March. The Bengals, Chargers & Dolphins are prime "overpay" candidates.

BEST GUESS: Buffalo
CAR Taylor Moton 26 OT $1M 5 year, $75M There's almost certainly a franchise tag in Moton's future, with a long term deal shortly thereafter. He's been consistent, reliable, and Carolina should have no issues making him a fixture on the right side of their line, regardless of the QB.

BEST GUESS: Carolina
CAR Curtis Samuel 24 WR $1.6M 4 years, $48M Samuel's value has never seen the full light of day, but at just 24 years old, there's still plenty of time for another franchise to unlock it. There should be plenty of teams eyeing his potential departure from Carolina, including the Giants, WFT, Raiders, & Bills.

BEST GUESS: Washington
CAR Russell Okung 32 OT $13.25M 3 yrs, $45M Okung has stabillized himself as an above average left tackle in this league, despite the fact that he can't seem to stay in one place for too long. He'll find sizeable offers from O-Line needy teams, and a return to Carolina isn't out of the question either.

BEST GUESS: Washington
CHI Allen Robinson 27 WR $14M 5 yrs, $100M Robinson's potential has been supressed by the QB & play calling in Chicago over the past few seasons. While a franchise tag is likely coming, a trade and subsequent extension could soon follow. Look for both the 49ers, Jets & Jaguars to be heavily interested here.

BEST GUESS: Jacksonville
CHI Mitchell Trubisky 26 QB $7.2M 2 yrs, $16M Trubisky's not the top of the first round QB he was selected to be, but he's not a bottom feeder in the league either. While many bigger names could change rosters, there will be teams looking to see what the 26-year-old can do in a different setup.

BEST GUESS: New England
CIN William Jackson 28 CB $2.4M 3 yrs, $36M Once a major defensive back prospect, Jackson's shine has rubbed off a bit in the past two seasons with the Bengals. He's still plenty productive and the age is on the good side of 30, so teams with cap space will have interest.

BEST GUESS: Buffalo
CIN Carl Lawson 25 DE $763k 4 yrs, $40M An inconsistent past three years will keep his value on the open market somewhat tempered, but he has value in the right situations.

BEST GUESS: Cincinnati
CLE Olivier Vernon 30 DE $11M 1 yr, $5M Vernon was having a strong 2020 before an Achilles injury took him out in Week 17. He'll have to work back from that this offeason, lowering his potential pay day in the meantime. An incentive based deal to bookend a contender's D-Line makes sense here.

BEST GUESS: Minnesota
CLE Rashard Higgins 26 WR $910k 3 years, $15M He's not the most skilled WR by default, but it seems like the full potential of Higgins has yet to be unlocked. He'll remain a WR3 at best in Cleveland, but could slide into a WR2 role in a different situation.

BEST GUESS: Carolina
DAL Dak Prescott 27 QB $31.4M 5 yrs, $200M Yes, Dak has a ton of leverage after the Cowboys 2020 season plummeted without him, but the injury on a franchise tag should also be changing his mindset a bit as well. A $37M 2nd tag is good coin, but succombing to the Cowboys' structural needs could put $110M-$120M of fully guaranteed cash in his pocket this March, & still allow him a chance at another contract by age 31.

BEST GUESS: Cowboys, tag then extension
DAL Andy Dalton 33 QB $3M 3 yrs, $12M Dalton battled COVID, and a banged up O-Line when he was thrown into the fire in 2020, but still proved he can manage an offense admirably. He'll need to accept backup money again whether he stays in Dallas or seeks a new home.

BEST GUESS: Dallas
DAL Chidobe Awuzie 25 CB $1M 3 yrs, $27M Awuzie won't break the bank, but Dallas won't have the capital to bring back eveyone this spring, and there are enough teams looking for help in their secondary to assume his finds a new home.

BEST GUESS: NY Jets
DEN Justin Simmons 27 FS $11.4M 1 yr, $13.7M Simmons and the Broncos appear poised to go down a second franchise tag battle this spring. He values to lock in a multi-year contract larger than any safety in history ($16M/yr), but the Broncos are in a bit of a rebuild mode defensively, so its unclear if a move like that makes sense.

BEST GUESS: Denver, tag and we'll see
DEN Shelby Harris 29 DT $3.25M 3 yrs, $30M One of the better values in all of football last year, Harris' ability to stuff the run is a skillset many teams will be in need of this March.

BEST GUESS: Arizona
DET Kenny Golladay 27 WR $799k 5 yrs, $92.5M Golladay has true WR1 potential, but has only caught 70 balls once in 4 seasons with the Lions. He's coming off of an injury in 2020, and is a likely franchise tag candidate, but there's a payday coming regardless.

BEST GUESS: Detroit
DET Marvin Jones 30 WR $8M 2 yrs, $18M One of the better complementary receivers in the game over the past few seasons, Jones will likely find a new home in 2021. A slight increase from his previous contract should get it done.

BEST GUESS: New England
DET Romeo Okwara 25 DE $3.4M 3 year, $30M Okwara is hitting the market on the heels of 4 1/2 below average years, & a finish to 2020 that has people strongly considering his services. At just 25 years old, there's room to believe he can settle into his newfound success.

BEST GUESS: Las Vegas
GB Corey Linsley 29 OC $8.5M 2 year, $20M After a postseason that saw bad center play take teams out, Linsley's dependability can't be overstated. He'll need a raise to come back, but Green Bay should be looking to keep their MVP QB as happy as possible with moves like this.

BEST GUESS: Green Bay
GB Aaron Jones RB 26 $650k 4 yrs, $50M Nobody should pay the running back unless they should. Jones has done enough both as a 3 down runner and an option in the passing game to warrant a multi-year deal. His production comps well to that of Dalvin Cook, who signed a similar extension just months ago.

BEST GUESS: Miami
HOU Will Fuller WR 26 $2.5M 5 yrs, $85M Yes he's had injuries, yes he's been suspended for PED use, but when it's going good, it's really good, especially with Deshaun Watson throwing him the rock.

BEST GUESS: Houston
HOU J.J. Watt DE 31 $16.6M 3 yrs, $45M Watt's value at this point of his career is probably down into the $12M per year mark, but with a dozen or so teams already inquiring for his services, an overpay could be the way in.

BEST GUESS: Cleveland
IND T.Y. Hilton WR 31 $13M 2 yrs, $22M The days of Hilton outpacing top corners in the league are behind him, but he's still an excellent route runner who will find the endzone enough to warrant a payday. Teams like GB & Chicago will be in the mix, but TY's numbers under a covered roof far outweigh his outdoor production.

BEST GUESS: Arizona
IND Xavier Rhodes CB 30 $3M 3 yrs, $21M He was one of the best values in the secondary for 2020, and a significant pay raise is coming. He'll need depth and security around him to stay healthy and productive at this stage of his career.

BEST GUESS: Indianapolis
JAC Keelan Cole WR 27 $3.2M 2 yrs, $12M The former UDFA outperformed his rookie pay in Jacksonville, who are likely poised to try to keep the wideout with the new regime coming to town. Cole will draw interest as a potential buy low WR2 on the market.

BEST GUESS: Chicago
KC Austin Reiter OC 29 $2.25M 3 yrs, $24M An extremely reliable, consistent option especially in the passing game, and a good fit for a Mahomes-run offense. His value on the open market vs. what he might have to accept to stay in KC could be two very different numbers.

BEST GUESS: Kansas City
KC Sammy Watkins WR 27 $9M 2 yrs, $20M The injury-prone wideout has been demoted to a role player in order to keep him as healthy and productive as possible. He's just 27, and still has big game play in him, but he'll need a new home if he's looking for increased money and targets.

BEST GUESS: Cincinnati
KC Bashaud Breeland CB 29 $3M 1 yr, $5M Breeland's production and reliability have been up and down, keeping both his future in KC and potential payday both at bay. Teams looking for experienced depth could be in play this spring.

BEST GUESS: Dallas
LV Nelson Agholor WR 27 $1M 2 yrs, $16M Agholor took a "prove-it" deal with Las Vegas and really found his legs by the end of 2020. No reason to believe this marriage shouldn't continue.

BEST GUESS: Las Vegas
LV Takkarist McKinley DE 25 $2.5M 2 yrs, $18M McKinley likely won't ever live up to the first round selection pedigree, but he's settled in as an average, fringe rusher from here out. The going rate for that sits at around $9M currently.

BEST GUESS: Las Vegas
LAC Hunter Henry TE 26 $10.6M 4 yrs, $40M Henry isn't the bigtime prospect he once was, but teams will value him highly because of age + potential. A second tag would mean $12.7M for LA, a very possible outcome here. He'll have a dozen inquiries if he's allowed to test the market.

BEST GUESS: LA Chargers
LAC Tyrod Taylor QB 31 $5.5M 2 yrs, $10M A freak injury handed his job to Justin Herbert earlier than expected, but Taylor has done enough in this league to prove he's a capable "bridge", "short-term option", or experienced backup for any team. He'll seek a better path to starts than the Chargers can offer.

BEST GUESS: Pittsburgh
LAC Melvin Ingram OLB 31 $16M 2 yrs, $24M While the price may be right for the Chargers to keep him, Ingram should draw interest from legitimate contenders in 2021, with teams like Buffalo, Indy, & the Packers all in the mix.

BEST GUESS: Indianapolis
LAR John Johnson SS 25 $814k 5 yrs, $70M One of the better unknowns in the league, Johnson's next payday is going to raise some eyebrows. The Rams haven't been known to let players like this walk in recent years, and it might take a franchise tag to hang onto him early in the offseason, but if not, look out for bad teams throwing big dollar.

BEST GUESS: Detroit
LAR Troy Hill CB 29 $1.6M 2 yrs, $12M There's been a real market for slot cornerbacks as offensive schemes have moved more to underneath passing of late. Hill's become one of the better options in this regard, on one of the best defenses in the game.

BEST GUESS: Rams
LAR Leonard Floyd OLB 28 $10M 4 yrs, $52M Floyd's career is on a Jadeveon Clowney path, where he's no longer trusted to be a double digit sack rusher, but an above average, versatile edge defender - a classification that will still pay just fine.

BEST GUESS: Houston
MIA Ryan Fitzpatrick QB 38 $5.5M 1 yr, $8M The Amish Rifle still wants (and deserves) to compete for a starting role despite the age and subsequent physical decline. He's been an immediate jolt of energy to every offense he's been thrown into - for a limited time. Teams looking for that instant, short-term boost should be strongly considering his services.

BEST GUESS: Chicago
MIN Anthony Harris FS 29 $11.4M 4 yrs, $56M Harris' play declined a bit on the one year tag in Minnesota, but that won't stop teams looking to upgrade their current secondary from making a splash for his services.

BEST GUESS: Carolina
NE Joe Thuney OG 28 $14.7M 4 yrs, $60M Brandon Scherff & Quentin Nelson are likely going to reset the guard market this offseason, and Thuney will very much benefit from that on the open market.

BEST GUESS: LA Chargers
NE Cam Newton QB 31 $1.75M 1 yr, $2.5M Cam didn't do enough in 2020 to get anybody excited about his next chapter, but it's hard to imagine his career is completely over at age 31, despite the toll his body has taken. It seems feasible another year in New England would give him the best opportunity to compete for snaps.

BEST GUESS: New England
NE David Andrews OC 28 $3M 3 yrs, $20M Andrews is on the right side of 30, and can be classifed as one of the most dependable centers in the league right now. His days in New England may be numbered as his price tag increases, but there will be suitors.

BEST GUESS: Baltimore
NO Marcus Williams FS 24 $1.5M 5 yrs, $68M There isn't a weak spot in Williams' game right now, and at just 24 years old, he's just entering his prime in the league. The Saints will have a helluva time make the numbers work to keep him, but they're certainly trying.

BEST GUESS: Jacksonville
NO Trey Hendrickson DE 26 $793k 4 yrs, $44M Hendrickson will become a "Plan B" for a lot of teams looking to improve their EDGE this offseason, and a darn good option at that.

BEST GUESS: Buffalo
NO Jameis Winston QB 27 $1.1M 2 yrs, $15M If you believe what you hear from the Saints, Winston should be given a new contract to become their next QB soon. But if March 17th comes without one, look for the Bears, Colts, & Patriots to at least me in consideration.

BEST GUESS: New Orleans
NYG Leonard Williams DE 26 $16.1M 4 yrs, $80M Nobody took a bigger step forward in 2020 than Williams, who went from a veritable bust, to what could be a top DE contract in the league. With a second tag valuing over $19M, no pricetag should surprise us at this point.

BEST GUESS: NY Giants
NYG Dalvin Tomlinson DT 26 $1.1M 4 yrs, $45M Tomlinson is one of the better young run stuffers in the game right now, but doesn't quite have the pass rush ability to cash in on the top tier of interior DT money (Kenny Clark, $17.5M). He should be a priority resign for the Giants.

BEST GUESS: NY Giants
NYJ Marcus Maye S 26 $1.6M 5 yrs, $68M One of the lone bright spots from the Jets defense in 2020, Maye peaked at the right now financially speaking. He'll garner a modified version of the deal Jamal Adams would have scored were he still in NY. He's a franchise tag candidate at minumum.

BEST GUESS: NY Jets
NYJ Breshad Perriman WR 27 $6.5M 3 yrs, $26M Statistically speaking, Perriman comps nicely to who John Brown was before joining Buffalo in an expanded role. Teams looking for complementary wideouts could see him as a nice low buy fit.

BEST GUESS: San Francisco
PIT Mike Hilton CB 26 $3.2M 3 yrs, $21M Slot corners are finding better paydays in the league right now, and at 26, Hilton fits the bill as someone who could see his compensation double in 2021.

BEST GUESS: Cincinnati
PIT JuJu Smith-Schuster WR 24 $1M 5 yrs, $80M Pittsburgh's offensive weapons as a whole left us all wondering what to make of them going forward, but there's no denying Smith-Schusters overall abilities. If he's not tagged, he'll find plenty of suitors on the open market.

BEST GUESS: Miami
PIT Alejandro Villanueva OT 32 $6M 2 yrs, $32M He's a little too old to be a "cornerstone" left tackle for a young up and coming team, but he might be the perfect immediate replacement for Anthony Castonzo and the Colts.

BEST GUESS: Indianapolis
PIT Bud Dupree OLB 26 $15.8M 1 yr, $12M A devastating injury leaves Dupree's future with all sorts of red flags. The easiest outcome here seems to be a 1 year, "prove-it" deal on a contender to revive his market value.

BEST GUESS: Kansas City
PIT James Conner RB 25 $790k 2 yrs, $10M He comps best to Kareem Hunt right now, and that type of shared solution seems to make best for Conner's next chapter. Sticking him with James Robinson seems a nice fit.

BEST GUESS: Jacksonville
SF Trent Williams OT 32 $13.6M 4 yrs, $72M Williams can't be tagged by the Niners per the terms of his trade agreement, and though the age is seemingly a small concern, he missed all of 2019, and is showing no signs of decline just yet. He'll carry an $18M floor into the negotiating room (zoom).

BEST GUESS: San Francisco
SF Richard Sherman CB 32 $9M 2 yrs, $20M Sherman's time in SF appears to be up, and while many franchises will look at the age and immediately pass, there will be at least a few who see the value in Sherman finishing his career in their organization. In particular...

BEST GUESS: Green Bay
SEA Shaquill Griffin CB 25 $814k 4 yrs, $44M The advanced analytics and 4-year resume don't scream major payday or must keep, but Seattle knows what works for their defense, and it's possible they value Griffin a lot more than any of us could.

BEST GUESS: Houston
SEA Christopher Carson RB 26 $616k 4 yrs, $30M Taking injuries out of the equation, Carson is pretty easily a $10M+ running back, but any red flag hurts the RB's ability to earn right now. Seattle claims they want to focus more on the run game from here out, so we'll take them at their word.

BEST GUESS: Seattle
SEA K.J. Wright OLB 31 $7M 2 yrs, $15M Seattle drafted Wright's replacement in Jordyn Brooks last year, but he doesn't appear ready to take the keys just yet. One more short contract (1 year guaranteed) makes sense for both sides.

BEST GUESS: Seattle
TB Shaquil Barrett OLB 28 $15.8M 4 yrs, $75M It only takes one team to decide that Barrett is a $20M+ edge rusher, but a reunion with the Bucs on a slightly smaller payday seems to be the right move for both sides.

BEST GUESS: Tampa Bay
TB Lavonte David LB 31 $10M 3 yrs, $39M David has done enough to warrant a raise that puts him inline with the highest paid minimal-rush OLBs in the league. Of all the notable free agents TB holds, paying David the right price makes the most sense.

BEST GUESS: Tampa Bay
TB Chris Godwin WR 24 $825k 5 yrs, $90M The age, production, intangibles, and skillset are all extremely favorable for Godwin, which almost always means that someone overpays to pull him out of his current situation.

BEST GUESS: Indianapolis
TB Antonio Brown WR 32 $1.6M 1 yr, $2.5M AB's major paydays are behind him, but it's clear that his relationship with Tom Brady benefits him both on and off the field right now. A return seems imminent along with a contract that starts low, but can build with incentives and team success.

BEST GUESS: Tampa Bay
TB Rob Gronkowski TE 31 $9M 1 yr, $8.5M He's only 31, but his body likely feels like its 38 right now. There's no question Gronk is only available for a reduced role where he can be used as needed, but it seems ill-advised to go against Tom Brady's wishes at this point.

BEST GUESS: Tampa Bay
TB Leonard Fournette RB 26 $2M 2 yrs, $16M A return to Tampa Bay would be a nice story, but the truth is the Bucs have a lot of mouths to feed, and Ronald Jones, who's made big strides, is still on a team-friendly contract. Fournette once had aspirations of eclipsing the top RB AAV pricetag, but that seems unlikely after his tumultuous 2020.

BEST GUESS: Pittsburgh
TB Ndamukong Suh DT 34 $8M 1 yr, $7M The 34-year-old had plenty to say against opposing run games in 2020, and while he's no longer the dominant force he once was, there's still gas in the tank for teams who require it.

BEST GUESS: Carolina
TEN Jonnu Smith TE 25 $776k 4 yrs, $32M Smith didn't help himself too much in 2020 in terms of finishing on a high note, but the 25 year old finds the endzone, and there's always money for a player like that. He'll hold an $8M floor this offseason.

BEST GUESS: NY Jets
TEN Desmond King CB 26 $670k 3 yrs, $18M King's had years that have popped off the page, but has seemingly been in decline the past two seasons, leaving his financial future a bit of a mystery. This lower pricetag could atttract decent teams looking to grab value from him.

BEST GUESS: San Francisco
TEN Corey Davis WR 26 $6.3M 4 yrs, $42M Davis peaked at the right time, and has built a nice report next to A.J. Brown and with QB Ryan Tannehill. He'll expect a big payday because of where he was drafted, but Davis hasn't even been a $12M per year WR over the past two seasons. There's a transition tag possibility here.

BEST GUESS: Tennessee
TEN Jadeveon Clowney DE 28 $13M 1 yr, $12M Still on the right side of 30, and now settling into his role as a versatile edge player, but not necessarily an expensive sack producer. An injury in 2020 drops his calculated value down into the $7M mark, but it's save to assume he can match his 2020 compensation with the right team, especially one looking to get better horizontally speaking.

BEST GUESS: Green Bay
TEN Jayon Brown LB 25 $667k 4 yrs, $44M He's most valuable in coverage than anywhere else right now, but there's still plenty of need for a player like Brown in any defense. Tennessee likely gives him the second contract to see what else they can get from him at just 25.

BEST GUESS: Tennessee
WAS Brandon Scherff OG 29 $15M 4 yrs, $55M Back to back to back years with injuries have really quieted the market for Scherff, who remains one of the best guards in football when he's on the field. He's approacing 30, so a record setting contract likely isn't coming - but he'll get close.

BEST GUESS: Washington
WAS Ronald Darby CB 27 $3M 4 yrs, $36M Darby did enough on his latest 1 year prove-it deal to warrant a multi-year contract this spring. There's no reason Washington shouldn't look to extend him, but if he hits the market there should be multiple suitors this time around.

BEST GUESS: Arizona
Michael GinnittiFebruary 15, 2021

The unfortunately named, often confused, NFL buzz phrase finds itself at the forefront of many conversations this time of year, as roster decisions begin to take shape for the upcoming season. So what is dead cap? Any future, unpaid, guaranteed salary or bonus + any already paid signing bonus that hasn't yet been allocated to the salary cap becomes the responsibility of the team in the event of a release. With a trade, the future guarantees would simply transfer to the new team, leaving behind just the unallocated signing bonus cap as the current team's dead cap. Still lost? Hopefully the following helps a little...

Example Contract: Player A

  • 5 years, $75 million
  • $20 million signing bonus
  • $5M 1st year guaranteed salary
  • $10M 2nd year guaranteed salary
  • $12M 3rd year guaranteed salary

 

Future Guaranteed Salary or Roster Bonuses

Any guaranteed base salary that has yet to be paid out is considered dead cap on the contract. Should the player be released, all guaranteed salary will accelerate and be treated as dead cap in the current season. If traded, any unpaid guaranteed salary will transfer to the new team.

 

Signing or Option Bonuses

When signing or option bonuses are paid, the cap hits for them prorate over the remainder of the contract (max 5 years). For instance, a $20M signing bonus paid on a 5 year contract would account for $4M of bonus cap in each of the contract’s years. If this said player is released prior to year 3 of the contract, that leaves $12M of cap from that bonus still unallocated, which in turn becomes dead cap. This works the same for an option bonus (generally paid out in year 2 of a contract).

 

The June 1st Dead Cap Rule

Pre June 1st
If a trade, release, or retirement is processed before June 1st in a given league year, ALL of the relevant dead cap associated with the contract is accelerated into the current year. If Player A was released on March 20th prior to his 3rd season, $12M of signing bonus cap + his $12M guaranteed salary would accelerate into $24M of dead cap per his release.

Post June 1st
If a trade, release, or retirement is processed after June 1st in a given league year, the dead cap allocation splits between the current & following year as such:

Current Year Dead Cap
Any bonus proration in the current year of the contract + any unpaid guaranteed salary or roster bonus.

Next Year Dead Cap
All of the remaining unallocated bonus dead cap for all future years of the contract.

For Example: If Player A was released on June 20th prior to his 3rd season, the dead cap would split as:
Current Year: $4M of current year signing bonus proration + his $12M guaranteed salary: $16M
Next Year: $8M of remaining signing bonus proration

 

The Post June 1st Designation

Per the terms of the current CBA, each team is now able to designate two players as “Post June 1st releases”. If Player A’s team knows they want to release him, but also want to benefit from the dead cap split after June 1st, they can designate him as such as soon as the league year begins in March. He is now free to negotiate elsewhere as an unrestricted free agent, however, the original team must carry his ENTIRE cap figure for the current season until June 2nd, after which the Post June 1st dead cap rules will apply. Any bonuses are triggers that were set to happen prior to June 1st are no longer valid, as for all intents, the player has already been released. This designation is only available for releases - not trades.

Still lost? Additional or more specific questions? Hit me up @spotrac and I'll be happy to help

Michael GinnittiFebruary 09, 2021

As the NFL officially flips into offseason mode, the first order of business for many teams will be eyeing up extensions for their own. Along that line of thinking, the window to designate players with franchise or transition tag should be opening up in the next few weeks (projected February 23 - March 9). We'll take a quick look at a few players who could be inline for a tag this winter, including the projected cost to do so, and our thoughts with it going forward.

 

Haason Reddick, OLB, ARZ

Projected Tag: $14.6M

The Cardinals declined a $10M option for 2021 last spring, motivating Reddick to post a career year thereafter. He now joins Judon, Dupree, & Barrett as one of the better young pass rushers to potentially hit the open market. Arizona has room to keep him around, and a tag might be the best way to do so.

 

Yannick Ngakoue, DE, BAL

Second Tag: $15.4M

The Ravens acquired Ngakoue from Minnestoa at the deadline for two mid-round picks, and he posted almost identical numbers to his 2019 campaign in Jacksonville (8 sacks, 4 forced fumbles). His tag comes in about $5M less than Matt Judon’s, putting him as the favorite to be kept around at least for the short-term.

 

Matt Judon, OLB, BAL

Second Tag: $20.1M

Judon played only 60% of the Ravens’ defensive snaps in 2020, but still posted 6 sacks and 50 tackles. With a tag and extension valuation up around the $20M marks, it seems likely he walks into the open market this spring where it’s been a bit of a rough go for players like this of late.

 

Daryl Williams, RT, BUF

Projected Tag: $13.6M

It’s likely the Bills address the right side of their O-Line early on in the draft, but keeping Williams in the fold also makes a lot of sense. Buffalo can probably lock in a multi-year deal at well under $10M per year, so a near $14M tag is a stretch, but there’s a world where Williams is considered the best available right tackle on the open market, driving his price tag up.

 

Taylor Moton, RT, CAR

Projected Tag: $13.6M

Jack Conklin’s $14M per year free agent contract with the Browns last offseason becomes the new floor for Taylor Moton in 2021, so a near $14M franchise tag is probably a good place to start if the Panthers are interested in keeping him around. With so many holes to fill defensively, this seems highly likely.

 

Allen Robinson, WR, CHI

Projected Tag: $17.88M

Robinson’s tag value actually exceeds the standard WR figure because he earned $15M in 2020 with the Bears. There will be a bevy of teams hoping to bring him in this offseason, so if Chicago wants to retain him, they’ll need to swing big with an offer (4 years, $84M ish), or at the very least, slap a tag on him as a placeholder. This is a potential tag & trade candidate.

 

Dak Prescott, QB, DAL

Second Tag: $37.7M

There’s been no discussion of long-term negotiations kicking back up between Dak & Dallas, so the assumption is that a second tag designation is forthcoming. Keeping him at a $37M+ cap figure in a down cap year will be difficult, and it’s a long shot that Dak would even sign this tag in the first place, as he now holds nearly 100% leverage in this negotiation. He’ll be inline to follow whatever deal Baker Mayfield locks in with Cleveland this offseason.

 

Justin Simmons, FS, DEN

Second Tag: $13.7M

Simmons has the resume to become the next highest average paid safety in football (until Jamal Adams signs in SEA), but before that gets done, it’s highly likely that a second franchise tag is headed his way. At $13.7M, this is still a bargain for Simmons, who will be eyeing $15M+ per year on a multi-year contract.

 

Kenny Golladay, WR, DET

Projected Tag: $15.8M

Golladay had put together nice production across 2018-2019, with 11 TDs scored in the latter, but an injury held him down to just 5 games played in 2020. Still, Detroit will be anxious to keep a few weapons around for new QB Jared Goff, so slapping a 1-year, show me tag on the 27 year old could be in play.

 

Aaron Jones, RB, GB

Projected Tag: $8.5M

There may be no better value in the game than an elite running back, in his prime, on a franchise tag right now. Jones should be able to find Alvin Kamara type guarantees (4 for $40M) on a multi-year contract, but it seems much more likely the Packers slap this tag on him for a final go.

 

Corey Linsley, OC, GB

Projected Tag: $13.6M

It’s always unlikely that a center will be awarded a franchise tag, because their contractual values sit much lower than all other offensive line positions. But Linsley at least has a case to be made at least as a placeholder to a longer deal. The highest paid center in the game (Ryan Kelly, IND) carries a $12.5M per year average, which becomes the target for Linsley this offseason.

 

Will Fuller, WR, HOU

Projected Tag: $15.8M

Fuller has multiple injuries and now a PED suspension on his resume (set to miss Week 1 in 2021), but he also has legitimate WR1 ability when it’s all going right, and a clear compatibility with QB Deshaun Watson. The franchise tag was made for these kind of scenarios.

 

T.Y. Hilton, WR, IND

Projected Tag: $17.4M

Hilton’s franchise tag will exceed the league value because he earned $14.5M in 2020. The 31-year old has had disability issues, but can still find the end zone with the best of them. Still, this tag price seems high for Indy to take on, though a multi-year extension down in the $12M per year range could be in play.

 

Hunter Henry, TE, LAC

Second Tag: $12.7M

The emergence of Justin Herbert will force the Chargers to overpay a little to ensure he has as many weapons as possible around him for the now. With Keenan Allen already locked up, the focus now turns to Henry, who caught a career high 60 balls in 14 games. Durability is still an issue, so a second tag might be the best play for LA here.

 

Leonard Floyd, OLB, LAR

Projected Tag: $14.6M

The Rams probably don’t have the cap situation to tolerate a franchise tag for the whole season, but Floyd values around $13M per year on a multi-year extension, so a $14.6M placeholder for a few weeks to hammer out a contract might make sense. He’s an underrated piece of a great Rams defense.

 

John Johnson, SS, LAR

Projected Tag: $10.5M

Johnson is one of the more underrated defensive backs in all of football, and will be compensated as such should he be allowed to hit the open market. The Rams seem poised to be “all-in” for 2021, so keeping Johnson around in some fashion aligns with that thinking.

 

Joe Thuney, OG, NE

Second Tag: $17.7M

It’s tough to gauge who the Patriots believe they are heading into the 2021 offseason, but with a QB change almost certainly coming, solidifying on offensive line should be priority number one. Thuney has been reliable & consistently above average for 5 seasons now, and while the near $18M charge is much too high, it’s tough to imagine him not becoming the highest average paid guard on the open market, currently valuing at $15.3M per year.

 

Leonard Williams, DE, NYG

Second Tag: $19.35M

One of the better stories in the game, as Williams was a complete castaway just 24 months ago, but has restored his career since joining the Giants. They have mouths to feed on both sides of the ball, and they’d probably like to see Williams repeat the year he just had before dropping too many guaranteed dollars in his lap, so a second franchise tag - though pricey - is likely the best play here.

 

Marcus Maye, FS, NYJ

Projected Tag: $10.5M

Maye was one of the lone bright spots to come away from the Jets 2020 season, and it seems impossible that they’ll allow him to simply walk away for nothing. A tag in February to bide time for a multi-year extension, which we value at around 4 years, $40M.

 

Bud Dupree, OLB, PIT

Second Tag: $18.9M

Dupree’s future is very much in question after an unfortunate ACL tear in early December. A second tag seems well out of reach here, putting him on the market for a “comeback” contract, probably with another franchise.

 

Chris Carson, RB, SEA

Projected Tag: $8.5M

It wouldn’t be a typical Seahawks move to use a tag on the offensive side of the ball (or even more so on a running back), but Carson seems a really good fit for this scenario. With the price tag coming down to a very tenable $8.5M, and Carson’s injury history too much of a red flag to guarantee him too much down the road, this at least stands a fair chance.

 

Chris Godwin, WR, TB

Projected Tag: $15.8M

It’ll be a difficult task to keep the Super Bowl core intact for 2021, but all signs point to Godwin being back in the fold in some capacity. With franchise tags dropping, keeping Godwin at under $16M for a year seems a good play, though locking him in long-term allows for more cap flexibility.

 

Shaquil Barrett, OLB, TB

Second Tag: $18.9M

Barrett once again shows the league why he deserves a big time multi-year contract with an outstanding performance in Super Bowl LV. While the Bucs have a lot of mouths to feed this offseason, it’s tough to imagine they let Barrett walk for nothing. A second tag is possible, but it makes more financial sense to use the designation on WR Chris Godwin. Barrett will find better structured offers on the open market because of Tampa Bay’s lack of signing bonus demands, but winning is attractive.

 

Jonnu Smith, TE, TEN

Projected Tag: $9.5M

Smith didn’t have the dominating final contract year some were expecting, but he’s still arguably the best potential TE to hit the open market. His two year production comes in at about 80% of Austin Hooper’s before his locked in $10.5M per year with the Browns, so a deal in the $9M per year range probably makes sense for Smith going forward.

 

Brandon Scherff, OG, WAS

Second Tag: $18M

At times, Scherff has shown he has the ceiling to be the best interior lineman in the league. But he found himself on the IR for the 3rd straight season in 2020, stamping a big red flag on his ability to cash in long-term this offseason. With QB questions in Washington, and Trent Williams now elsewhere, it still makes good football sense to keep the best line available in town, whether that comes by an $18M tag, or a $15M+ per year extension for Scherff.

Michael GinnittiFebruary 04, 2021

The 2021 offseason could be one for the ages in terms of QB movement. We'll take a quick dive into the contract situations for each notable quarterback rumored to be on the move, including the specific financial ramifications to release, or trade players before and after specific bonus dates, or pre and post June 1st. Each breakdown also includes the total contract, practical guarantees, and individual cap hits that would transfer to a new team via trade. Find us @spotrac with questions or comments.

Related Links

 

Matt Ryan, ATL, 35

  • Traded before June 1
    $44.4M of dead cap to the Falcons ($3.5M lost).
    New team acquires a 3 year $74.75M contract, with cap hits of $23M ($5.5M GTD)/$23.75M/$28M .
  • Released before June 1
    $49.9M of dead cap to the Falcons ($9M lost).
  • Traded after June 1
    $17.9M of 2021 dead cap ($23M saved), $26.525M of 2022 dead cap ($15.13M saved) to the Falcons.
    New team acquires a 3 year $74.75M contract, with cap hits of $23M ($5.5M GTD)/$23.75M/$28M .
  • Released after June 1
    $23.4M of 2021 dead cap ($17.5M saved), $26.525M of 2022 dead cap ($15.13M saved) to the Falcons.

 

Teddy Bridgewater, CAR, 28

  • Traded before June 1
    $10M of dead cap to the Panthers ($12.95M saved).
    New team acquires a 2 year $39M contract, with cap hits of $17.9M ($10M GTD)/$21M.
  • Released before June 1
    $20M of dead cap to the Panthers ($2.9M saved).
  • Traded after June 1
    $5M of 2021 dead cap ($17.9M saved), $5M of 2022 dead cap ($21M saved) to the Panthers.
    New team acquires a 2 year $39M contract, with cap hits of $17.9M ($10M GTD)/$21M.
  • Released after June 1
    $15M of 2021 dead cap ($7.9 saved), $5M of 2022 dead cap ($21M saved) to the Panthers.

 

Nick Foles, CHI, 33

  • Traded before June 1
    $5.3M of dead cap to the Bears ($1.3M saved).
    New team acquires a 2 year $12M contract, with cap hits of $4M (GTD)/$8M ($1M GTD).
  • Released before June 1
    $10.3M of dead cap to the Bears ($3.6M lost).
  • Traded after June 1
    $2.6M of 2021 dead cap ($4M saved), $2.6 of 2022 dead cap ($8M saved) to the Bears.
    New team acquires a 2 year $12M contract, with cap hits of $4M (GTD)/$8M ($1M GTD).
  • Released after June 1
    $7.6M of 2021 dead cap ($1M saved), $2.6M of 2022 dead cap ($8M saved) to the Bears.

 

Drew Lock, DEN, 24

  • Traded before June 1
    $1.55M of dead cap to the Broncos ($352k saved).
    New team acquires a 2 year $2.58M contract, with cap hits of $1.1M /$1.45M (None GTD).
  • Released before June 1
    $1.55M of dead cap to the Broncos ($352k saved).
  • Traded after June 1
    $779k of 2021 dead cap ($1.1M saved), $779k of 2022 dead cap ($1.45M saved) to the Broncos.
    New team acquires a 2 year $2.58M contract, with cap hits of $1.1M /$1.45M (None GTD).
  • Released after June 1
    $779k of 2021 dead cap ($1.1M saved), $779k of 2022 dead cap ($1.45M saved) to the Broncos.

 

Matthew Stafford, DET, 33

  • Traded before March 21
    $19M of dead cap to the Lions ($14M saved).
    New team acquires a 2 year, $43M contract, with cap hits of $20M($10M GTD)/$23M .
  • Released before March 21
    $19M of dead cap to the Lions ($14M saved).
  • Traded between March 22 - June 1
    $29M of dead cap to the Lions ($4M saved).
    New team acquires a 2 year, $33M contract, with cap hits of $10M/$23M.
  • Released between March 22 - June 1
    $29M of dead cap to the Lions ($4M saved).
  • Traded after June 1
    $23M of 2021 dead cap ($10M saved), $6M of 2022 dead cap ($20M saved) to the Lions.
    New team acquires a 2 year, $33M contract, with cap hits of $10M/$23M.
  • Released after June 1
    $23M of 2021 dead cap ($10M saved), $6M of 2022 dead cap ($20M saved) to the Lions.

 

Aaron Rodgers, GB, 37

  • Traded before March 19
    $31.5M of dead cap to the Packers ($6M saved).
    New team acquires a 3 year, $74.2M contract, with cap hits of $23.2M ($6.8M GTD)/$25.5M/$25.5M.
  • Released/Retired before March 19
    $31.5M of dead cap to the Packers ($6M saved).
  • Traded between March 20 - June 1
    $38.3M of dead cap to the Packers ($784k lost).
    New team acquires a 3 year, $67.4M contract, with cap hits of $16.4M/$25.5M/$25.5M (None GTD).
  • Released/Retired between March 20 - June 1
    $38.3M of dead cap to the Packers ($784k lost).
  • Traded after June 1
    $21.1M of 2021 dead cap ($16.4M saved), $17.2M of 2022 dead cap ($22.6M saved) to the Packers.
    New team acquires a 3 year, $67.4M contract, with cap hits of $16.4M/$25.5M/$25.5M (None GTD).
  • Released/Retired after June 1
    $21.1M of 2021 dead cap ($16.4M saved), $17.2M of 2022 dead cap ($22.6M saved) to the Packers.

 

Jordan Love, GB, 22

  • Traded before June 1
    $4.9M of dead cap to the Packers ($2.1M lost).
    New team acquires a 3 year $5.2M contract, with cap hits of $1.1M (GTD)/$1.73M (GTD)/ $2.29M (GTD).
  • Released before June 1
    $9.3M of dead cap to the Packers ($6.5M lost).
  • Traded after June 1
    $1.64M of 2021 dead cap ($1.1M saved), $3.2M of 2022 dead cap ($94k saved) to the Packers.
    New team acquires a 3 year $5.2M contract, with cap hits of $1.1M (GTD)/$1.73M (GTD)/ $2.29M (GTD).
  • Released after June 1
    $6M of 2021 dead cap ($3.2M lost), $3.2M of 2022 dead cap ($94k saved) to the Packers.

 

Deshaun Watson, HOU, 25

  • Traded before June 1
    $21.6M of dead cap to the Texans ($5.66M lost).
    New team acquires a 5 year, $146.54M contract, with cap hits of $10.54M (GTD)/$35M (GTD)/$37M (GTD)/$32M/$32M.
  • Released before June 1
    $67.14M of dead cap to the Texans ($51.2M lost).
  • Traded after June 1
    $5.4M of 2021 dead cap ($10.54M saved), $16.2M of 2022 dead cap ($24.2M saved) to the Texans.
    New team acquires a 5 year, $146.54M contract, with cap hits of $10.54M (GTD)/$35M (GTD)/$37M (GTD)/$32M/$32M.
  • Released after June 1
    $50.94M of 2021 dead cap ($35M lost), $16.2M of 2022 dead cap ($24.2M saved) to the Texans.

 

Gardner Minshew, JAC, 24

  • Traded before June 1
    $95,442 of dead cap to the Jaguars ($802k saved).
    New team acquires a 2 year $1.715M contract, with cap hits of $850k/$965k (None GTD).
  • Released before June 1
    $95,442 of dead cap to the Jaguars ($802k saved).
  • Traded after June 1
    $47,721 of 2021 dead cap ($850k saved), $47,721 of 2022 dead cap ($965k saved) to the Jaguars.
    New team acquires a 2 year $1.715M contract, with cap hits of $850k/$965k (None GTD).
  • Released after June 1
    $47,721 of 2021 dead cap ($850k saved), $47,721 of 2022 dead cap ($965k saved) to the Jaguars.

 

Derek Carr, LV, 29

  • Traded before June 1
    $2.5M of dead cap to the Raiders ($19.625M saved).
    New team acquires a 2 year $39.5M contract, with cap hits of $19.625M/$19.87M (None GTD).
  • Released before June 1
    $2.5M of dead cap to the Raiders ($19.625M saved).
  • Traded after June 1
    $2.5M of dead cap to the Raiders ($19.625M saved).
    New team acquires a 2 year $39.5M contract, with cap hits of $19.625M/$19.87M (None GTD).
  • Released after June 1
    $2.5M of dead cap to the Raiders ($19.625M saved).

 

Marcus Mariota, LV, 27

  • Traded before June 1
    $0M of dead cap to the Raiders ($10.725M saved).
    New team acquires a 1 year $10.725M contract, with a cap hit of $10.725M (None GTD).
  • Released before June 1
    $0M of dead cap to the Raiders ($10.725M saved).
  • Traded after June 1
    $0M of dead cap to the Raiders ($10.725M saved).
    New team acquires a 1 year $10.725M contract, with a cap hit of $10.725M (None GTD).
  • Released after June 1
    $0M of dead cap to the Raiders ($10.725M saved).

 

Jared Goff, LAR, 26

  • Traded before March 19
    $22.2M of dead cap to the Rams ($12.425M saved).
    New team acquires a 4 year, $104.3M contract, with cap hits of $27.825M (GTD)/$25.5M ($15.5M GTD)/$25M/$26M.
  • Released before March 19
    $65.5M of dead cap to the Rams ($30.9M lost).
  • Traded between March 20 - June 1
    $24.7M of dead cap to the Rams ($9.925M lost).
    New team acquires a 4 year, $101.8M contract, with cap hits of $25.325M (GTD)/$22M ($15M GTD)/$27M/$26M.
  • Released between March 20 - June 1
    $65.5M of dead cap to the Rams ($30.9M lost).
  • Traded after June 1
    $9.3M of 2021 dead cap ($25.325M saved), $15.4M of 2022 dead cap ($16.9M saved) to the Rams.
    New team acquires a 4 year, $101.8M contract, with cap hits of $25.325M (GTD)/$22M ($15M GTD)/$27M/$26M.
  • Released after June 1
    $50.125M of 2021 dead cap ($15.5M lost), $15.4M of 2022 dead cap ($16.9M saved) to the Rams.

 

Tua Tagovailoa, MIA, 22

  • Traded before June 1
    $14.6M of dead cap to the Dolphins ($7.8M lost).
    New team acquires a 3 year $10M contract, with cap hits of $1.98M (GTD)/$3.3M (GTD)/$4.7M (GTD).
  • Released before June 1
    $24.7M of dead cap to the Dolphins ($17.9M lost).
  • Traded after June 1
    $4.8M of 2021 dead cap ($1.9M saved), $9.7M of 2022 dead cap ($1.5M lost) to the Dolphins.
    New team acquires a 3 year $10M contract, with cap hits of $1.98M (GTD)/$3.3M (GTD)/$4.7M (GTD).
    It should be noted that if Tua is traded after training camp starts, the Dolphins would take on $6M of 2021 dead cap, sending a $780k salary to the new team for 2021.
  • Released after June 1
    $14.98M of 2021 dead cap ($8.1M lost), $9.7M of 2022 dead cap ($1.5M lost) to the Dolphins.

 

Kirk Cousins, MIN, 32

  • Traded before March 19
    $20M of dead cap to the Vikings ($11M saved).
    New team acquires a 2 year, $56M contract, with cap hits of $21M (GTD)/$35M (GTD 3/19).
  • Released before March 19
    $41M of dead cap to the Vikings ($10M lost).
  • Traded between March 20 - June 1
    $20M of dead cap to the Vikings ($11M saved).
    New team acquires a 2 year, $56M contract, with cap hits of $21M (GTD)/$35M (GTD).
  • Released between March 20 - June 1
    $76M of dead cap to the Vikings ($45M lost).
  • Traded after June 1
    $10M of 2021 dead cap ($21M saved), $10 of 2022 dead cap ($35M saved) to the Vikings.
    New team acquires a 2 year, $56M contract, with cap hits of $21M (GTD)/$35M (GTD).
  • Released after June 1
    $66M of 2021 dead cap ($35M lost), $10 of 2022 dead cap ($35M saved) to the Vikings.

 

Drew Brees, NO, 42

  • Traded before June 1
    $22.65M of dead cap to the Saints ($13.5M saved).
    New team acquires a 1 year $25M contract, with a cap hit of $25M (Non GTD).
  • Released/Retired before June 1
    $22.65M of dead cap to the Saints ($13.5M saved).
  • Traded after June 1
    $11.15M of 2021 dead cap ($25M saved), $11.5M of 2022 dead cap ($11.5 lost) to the Saints.
    New team acquires a 1 year $25M contract, with a cap hit of $25M (Non GTD).
  • Released/Retired after June 1
    $11.15M of 2021 dead cap ($25M saved), $11.5M of 2022 dead cap ($11.5 lost) to the Saints.

 

Taysom Hill, NO, 30

  • Traded before March 21
    $4M of dead cap to the Saints ($12.1M saved).
    New team acquires a 1year, $12.1M contract, with a cap hit of $12.1M ($5.72M GTD).
  • Released before March 21
    $11.159M of dead cap to the Saints ($5M saved).
  • Traded between March 22 - June 1
    $5.439M of dead cap to the Saints ($10.72M saved).
    New team acquires a 1 year, $10.72M contract, with a cap hit of $10.72M ($5.72M GTD).
  • Released between March 22 - June 1
    $11.159M of dead cap to the Saints ($5M saved).
  • Traded after June 1
    $5.439M of dead cap to the Saints ($10.72M saved).
    New team acquires a 1 year, $10.72M contract, with a cap hit of $10.72M ($5.72M GTD).
  • Released after June 1
    $11.159M of dead cap to the Saints ($5M saved).

 

Sam Darnold, NYJ, 23

  • Traded before June 1
    $5M of dead cap to the Jets ($4.7M saved).
    New team acquires a 1 year $4.7M contract, with a cap hit of $4.7M (GTD), plus a 5th-year option to be exercised by May 3rd.
  • Released before June 1
    $9.6M of dead cap to the Jets ($0 saved).
  • Traded after June 1
    $5M of dead cap to the Jets ($4.7M saved).
    New team acquires a 1year $4.7M contract, with a cap hit of $4.7M (GTD), plus a 5th-year option to be exercised by May 3rd.
    It should be noted that if Darnold is traded after training camp starts, the Jets would take on $8.8M of dead cap, sending just $920k to the new team.
  • Released after June 1
    $9.6M of dead cap to the Jets ($0 saved).

 

Carson Wentz, PHI, 28

  • Traded before March 19
    $33.8M of dead cap to the Eagles ($853k saved).
    New team acquires a 4 year, $100.4M contract, with cap hits of $25.4M (GTD)/$22M ($15M GTD)/$27M/$26M.
  • Released before March 19
    $59.2M of dead cap to the Eagles ($24.5M lost).
  • Traded between March 20 - June 1
    $43.8M of dead cap to the Eagles ($9.14M lost).
    New team acquires a 4 year, $90.4M contract, with cap hits of $15.4M (GTD)/$22M ($15M GTD)/$27M/$26M.
  • Released between March 20 - June 1
    $74.2M of dead cap to the Eagles ($39.5M lost).
  • Traded after June 1
    $19.2M of 2021 dead cap ($15.4M saved), $24.5M of 2022 dead cap ($6.72M saved) to the Eagles.
    New team acquires a 4 year, $90.4M contract, with cap hits of $15.4M (GTD)/$22M ($15M GTD)/$27M/$26M.
  • Released after June 1
    $49.6M of 2021 dead cap ($15M lost), $24.5M of 2022 dead cap ($67.2M saved) to the Eagles.

 

Jalen Hurts, PHI, 22

  • Traded before June 1
    $1.45M of dead cap to the Eagles ($87k lost).
    New team acquires a 3 year $3.46M contract, with cap hits of $883k (GTD)/$1.15M/$1.43M
  • Released before June 1
    $2.3M of dead cap to the Eagles ($970k lost).
  • Traded after June 1
    $485k of 2021 dead cap ($883k saved), $970k of 2022 dead cap ($672k saved) to the Eagles.
    New team acquires a 3 year $3.46M contract, with cap hits of $883k (GTD)/$1.15M/$1.43M
  • Released after June 1
    $1.36M of 2021 dead cap ($0 saved), $970k of 2022 dead cap ($672k saved) to the Eagles.

 

Ben Roethlisberger, PIT, 38

  • Traded before March 19
    $22.25M of dead cap to the Steelers ($19M saved).
    New team acquires a 1 year $19M contract with a cap hit of $19M ($15M GTD 3/19).
  • Released/Retired before March 19
    $22.25M of dead cap to the Steelers ($19M saved).
  • Traded between March 20 - June 1
    $37.25M of dead cap to the Steelers ($4M saved).
    New team acquires a 1 year $4M contract with a cap hit of $4M (None GTD).
  • Released/Retired between March 20 - June 1
    $37.25M of dead cap to the Steelers ($4M saved).
  • Traded after June 1
    $37.25M of dead cap to the Steelers ($4M saved).
    New team acquires a 1 year $4M contract with a cap hit of $4M (None GTD).
  • Released/Retired after June 1
    $37.25M of dead cap to the Steelers ($4M saved).

 

Jimmy Garoppolo, SF, 29

  • Traded before June 1
    $2.8M of dead cap to the 49ers ($23.6M saved).
    New team acquires a 2 year, $50.6M contract, with cap hits of $25M/$25.6M (None GTD).
  • Released before June 1
    $2.8M of dead cap to the 49ers ($23.6M saved).
  • Traded after June 1
    $1.4M of 2021 dead cap ($25M saved), $1.4M of 2022 dead cap ($24.2M saved) to the 49ers.
    New team acquires a 2 year, $50.6M contract, with cap hits of $25M/$25.6M (None GTD).
  • Released after June 1
    $1.4M of 2021 dead cap ($25M saved), $1.4M of 2022 dead cap ($24.2M saved) to the 49ers.

 

Alex Smith, WAS, 36

  • Traded before June 1
    $10.8M of dead cap to the WFT ($13.6M saved).
    New team acquires a 2 year, $40M contract, with cap hits of $19M/$21M (None GTD).
  • Released before June 1
    $10.8M of dead cap to the WFT ($13.6M saved).
  • Traded after June 1
    $5.4M of 2021 dead cap ($19M saved), $5.4M of 2022 dead cap ($21M saved) to the WFT.
    New team acquires a 2 year, $40M contract, with cap hits of $19M/$21M (None GTD).
  • Released after June 1
    $5.4M of 2021 dead cap ($19M saved), $5.4M of 2022 dead cap ($21M saved) to the WFT.
Michael GinnittiFebruary 04, 2021

The Deshaun Watson “saga” may not be going away anytime soon, as the new Houston Texans front office has been adamant in their stance to not trade the 25 year old QB this offseason, despite his public request. We’ll take a quick look at what this showdown could mean for Watson financially.


If he misses the May Minicamp

The first program Deshaun Watson can holdout for is the team minicamp a few weeks after the 2021 draft. Whether it’s in person or virtual this year, the camp is deemed mandatory, and thus his absence would cost him $95,877 in fines.

 

If he misses Training Camp

If the holdout extends into camp, the Texans will be required to fine him $50,000 for each camp day missed.

 

If he misses Preseason Games

Every preseason game Watson misses due to holdout will cost him 1/17 of his 2021 base salary, or $620,000.

 

Potential Offseason Fines

Per the new CBA, these fines are no longer “optional” but rather required.
Minicamp: $95,877
Training Camp: $1,400,000
Preseason: $1.86M?
Total: $3.35M

 

If he starts to miss Regular Season games

Watson will forfeit $620,000 per week he misses, which of course would total the full $10.54M salary if he skips the entire season. Which means if he truly stays away from the Houston Texans from today though the end of 2021, he’ll have lost $13.89M this year.

 

Can’t he just retire?

No. Processing a retirement will allow the Texans to go after the $21.6M of signing bonus that has yet to his the salary cap. Watson would be forced to repay this due to a breach of contract. Furthermore, the Texans would still hold the rights to Watson under the terms of this contract, which would essentially just “freeze”. Were he to attempt to return to the league, he would need Houston to release or trade him out of the contract to move on (not unlike what Rob Gronkowski went through with New England prior to the 2020 season).

 

The financials of a trade

  • Traded before June 1
    $21.6M of dead cap to the Texans ($5.66M lost). New team acquires a 5 year, $146.54M contract, with cap hits of $10.54M (GTD)/$35M (GTD)/$37M (GTD)/$32M/$32M.
  • Released before June 1
    67.14M of dead cap to the Texans ($51.2M lost).
  • Traded after June 1
    $5.4M of 2021 dead cap ($10.54M saved), $16.2M of 2022 dead cap ($24.2M saved) to the Texans. New team acquires a 5 year, $146.54M contract, with cap hits of $10.54M (GTD)/$35M (GTD)/$37M (GTD)/$32M/$32M.
  • Released after June 1
    $50.94M of 2021 dead cap ($35M lost), $16.2M of 2022 dead cap ($24.2M saved) to the Texans.
Michael GinnittiJanuary 28, 2021

Michael GinnittiJanuary 27, 2021

2020 Salary Cap Expenditures

Kansas City: 5th ($217M)
Tampa Bay: 14th ($202M)

The Chiefs had 8 players with cap figures north of $10M this season, but none north of $20M thanks to a sizable restructure to Frank Clark’s salary. It should be noted that Mahomes ($5.3M), was not (yet) one of them. Tampa Bay had 6 players with $10M+ cap figures in 2020, led by Tom Brady’s $27.8M hit, and Shaq Barrett’s franchise tag ($15.8M).

 

Dead Cap

Kansas City: 23rd ($17M)
Tampa Bay: 32nd ($7M)

As per usual, the two teams to make it to the finish line are in the lower third tier of dead cap allocation, with the Bucs an annual contender here due to their lack of signing bonus inclusion in contracts.

 

Positionally Speaking

A look at how these two teams ranked in terms of active roster cap spending positionally in 2020.

Team Offense Defense Special Teams
Bucs 3 6 8
Chiefs 2 9 14

No surprise, but both the Chiefs & Bucs are built as Top 5 offensive spenders, & Top 10 defensively speaking. Neither team "left anything on the table" in terms of putting the absolute best roster forward for this season.

Team QB HB WR TE OL DL LB DB S/T Total
Bucs 5 18 20 1 2 17 1 29 18 2
Chiefs 25 21 1 7 22 3 10 7 14 4

The Chiefs have the most 2020 cap allocated to WRs in the league, while the Bucs (despite having to face the best in the game next week), carry the top allocation at the TE position. Again, these are two Top 5 cap spenders in terms of total active roster. It should also be noted that Patrick Mahomes & Chad Henne currently combine for just $6.9M of cap, good enough for 25th in the league. This is a metric that will change drastically in the next few years, making it significantly more difficult for KC to keep strength and balance in their positional spending.

 

Top Career Earners

 

2021 Outlook

The Bucs currently hold around $29M of Top 51 cap space for 2021, but it's a bit of a myth. Tampa Bay has just 30 players currently under contract next season, and a strong list of notable players set to hit the open market. The Chiefs sit about $18M in the hole based on the minimum $175M league cap, but there are restructures available to help even things out a bit.

 

Pending Free Agents

Kansas City

The Chiefs suddenly have a bit of a dire offensive line problem with two key pieces set to hit the market, the return of Laurent Duvernay-Tardif questionable, and LT Eric Fisher suffering an Achilles injury that will require a lengthy recovery. Restructuring Frank ClarkTyreek Hill, & Travis Kelce’s salaries will free up quite a bit of space, but KC will be limited in how much they can add or retain this offseason.

Tampa Bay

With only 30 players under contract, and many of their free agents set for big time paydays, it’s going to be a tall order to retain this Super Bowl roster going forward. Extensions for Donovan Smith, JPP, & even Brady could clear a good amount of cap, while star DT Vita Vea will likely also be in for a raise this offseason.

 

Potential Extensions

WR Chris Godwin (TB, 24)

Calculated Market Value: $17M
Most teams would likely opt not to pay their #2 receiver near #1 money, but this is a special window for this Bucs team, and it's impossible to imagine GM Jason Licht allowing Godwin to leave, unless Tom Brady signs off on it. The franchise tag for WRs is projected to drop down into the mid $15Ms for 2021, making it a real possibility for this situation.

 

FS Tyrann Mathieu(KC, 28)

Calculated Market Value: $13M
Mathieu is under contract currently through 2021, but his cap hit soars to $19.7M. He's too vital to move on from, so a restructured extension is very likely here. His current $14M AAV has only been surpassed by $750,000 (Budda Baker) since first signing with KC back in March of 2019. Though his calculated value says $13M, it's hard to question why Tyrann can't lock in $15M for the next 3 seasons.

 

LB Lavonte David (TB, 31)

Calculated Market Value: $13M
David has been with the Bucs since 2012, suffering through a lot of bad times with the organization. His value not only to the locker room, but alongside stud LB Devin White can't be overstated. While the Bobby Wagner's of the world are cashing in $18M per year extensions, David will most likely need to take a bit of a discount to stay in the fold, as he calculates in the $13M per year range.

 

QB Tom Brady (TB, 43)

Calculated Market Value: $28.6M
Brady's numbers certainly aren't popping off the page as a total package, but the ageless GOAT was Top 5 in TD Passes & Passing Yards in 2020. If there are weapons, Brady can win ballgames. His $27.8M cap figure for 2021 isn't outrageous, but as he's done so many times before in New England, a simple restructured extension to lower that figure not only makes sense for the Bucs next year, but also aligns him with the opportunity to play football at age 45. 2 years, $60M should get it done?

 

OT Eric Fisher (KC, 30)

Calculated Market Value: $18.5M
Yes, he just suffered an awful Achilles injury, but the Pro Bowl left tackle is just 30 years old. Packers' LT David Bakhtiari will be 30 this coming season, and just locked in $92M over 4 years. Fisher's been more of a Top 15 OT than a Top 5 one of late, so a price around $18M for 3-4 seasons makes sense, and will help lower his current $15.1M cap hit for 2021.

Michael GinnittiJanuary 25, 2021

Another NFC Championship defeat and a seemingly calculated quote leaves the immediate future of QB Aaron Rodgers & the Packers in question (we think). We’ll strip away all outside factors here and simply breakdown what his current contract says in terms of a trade or retirement this offseason.



If Rodgers Retires…
The contract has $74.22M remaining over the next three seasons, and as of right now, NONE of it is guaranteed. A $6.8M roster bonus is said to be paid on March 19th, another $500,000 will be owed during summer workouts, but his $15M salary won’t fully guaranteed until Week 1.  If he walks away immediately, the Packers will take on a whopping $31.5M dead cap charge, which would still actually clear $6M of space. If the Packers wait to process his retirement until after June 1st, while also converting that roster bonus into a signing bonus (spread over the remaining 3 seasons), the dead cap hits become $16.6M in 2021, and $21.7M in 2022, savings of $20.9M & $18.1M respectively.

If Rodgers is Traded…
The numbers above pretty much stay the same, with the condition of the $6.8M roster bonus. If  Rodgers demands a trade, he’ll want it done immediately, meaning the Packers will be stuck with the $31.5M dead cap charge - a huge problem. So can they work with the new team and Rodgers to make this easier on them? Maybe (but probably not). I’d again recommend the Packers convert the $6.8M roster bonus into an immediate signing bonus (spread out over the next 3 seasons), and wait to process this trade until June 2nd. This means a $16.6M dead cap charge in 2021, & a $21.7M hit in 2022.

The Takeaway
Trading Aaron Rodgers is a terrible idea - both from a football standpoint and a business one as well. Even if Jordan Love is being groomed as the next option, it’s inconceivable to assume he’s at a ready point to take over, and the unavoidable dead cap figures to move on from Rodgers are just too high to handle - in any scenario.

The Solution
Do what the Patriots refused to do in 2019 or 2020. Go ALL-IN on your roster for 1 season. If Rodgers wants Kenny Golladay opposite Adams, sign him. If Stephon Gilmore wants a 4 year contract to replace Kevin King - sign him. If Aaron Jones wants more than $10M per year on a multi-year deal, franchise tag him. If Corey Linsley wants to be a Top 5 paid center - extend him. This isn’t (just) about legacy, it’s actually bad business to have Aaron Rodgers playing somewhere else. The alternative is to please him, and aren’t there worse things than making an MVP happy?

Michael GinnittiJanuary 25, 2021

With the Super Bowl matchup now set, our focus turns solely onto the NFL offseason, where teams have already begun to sign future contracts, release a few unnecessary pieces, & begun talks to retain notable pieces. We'll begin our focus with a look at how the final four teams shake out for the upcoming months, including projected current cap space, notable free agents, & more.

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Buffalo Bills

2021 Cap Space: $2.7M (based on $175M cap)
Players Under Contract: 41
Extension Candidate: QB Josh Allen ($41M)
Notable Free Agents:

The Bills will need to tinker with the right side of their offensive line this offseason, likely via both the draft & free agency, and they’ll have a decision to make on talented but oft-injured LB Matt Milano, but other than that this team will remain fairly intact for the 2021 campaign. The lack of big time needs likely means a big time payday for QB Josh Allen.

 

Green Bay Packers

2021 Cap Space: -$27M (based on $175M cap)
Players Under Contract: 45
Extension Candidate: OC Corey Linsley  ($9M)
Notable Free Agents:

As was the case this past offseason, the biggest storyline will be the immediate future of QB Aaron Rodgers, who despite 3 yrs, $74.3M remaining on his contract, leaves us with the notion that his status in Green Bay - or possibly in the NFL - is very much in question. The Packers may opt to move on from a few more notable names on the defensive side of the ball to free up cap space (Preston Smith, Christian Kirksey, Dean Lowry, etc…).

 

Kansas City Chiefs

2021 Cap Space: -$18M (based on $175M cap)
Players Under Contract: 40
Extension Candidate: FS Tyrann Mathieu ($13M)
Notable Free Agents:

The Chiefs suddenly have a bit of a dire offensive line problem with two key pieces set to hit the market, the return of Laurent Duvernay-Tardif questionable, and LT Eric Fisher suffering an Achilles injury that will require a lengthy recovery. Restructuring Frank Clark, Tyreek Hill, & Travis Kelce’s salaries will free up quite a bit of space, but KC will be limited in how much they can add or retain this offseason.

 

Tampa Bay Buccaneers

2021 Cap Space: $28.6M (based on $175M cap)
Players Under Contract: 30
Extension Candidate: WR Chris Godwin ($17M)
Notable Free Agents:

Don’t let the $28M of potential cap space fool you, with only 30 players under contract, and many of their free agents set for big time paydays, it’s going to be a tall order to retain this Super Bowl roster going forward. Extensions for Donovan Smith, JPP, & even Brady could clear a good amount of cap, while star DT Vita Vea will likely also be in for a raise this offseason.

Michael GinnittiJanuary 09, 2021

Lamar Jackson, QB, 24

Market Valuation: $43.7M
In his own unique way, Lamar Jackson has put together back to back seasons that calculate to a gigantic payday. But does the eyetest match the stats? He’s averaging almost 75 rushing yards, but under 200 passing yards per game over the past two seasons. He has 76 TDs across 2019/2020 both with his arm and legs, just 4 behind Patrick Mahomes. A playoff win or two could make this payday a reality.

 

Josh Allen, QB, BUF, 24

Market Valuation: $40.5M
Allen needed a big third year to supplant himself as the Bills’ franchise QB. He’s done that and then some, finishing the 2020 regular season as a legitimate MVP candidate. He now projects to the second highest contract in NFL history. Allen has a $3.5M salary in 2021, then a 5th year option in 2022 available on his rookie contract should Buffalo want to hold off on extending him.

 

Allen Robinson, WR, CHI, 27

Market Valuation: $19.8M
Robinson has been one of the more underappreciated WRs in the game throughout his career, but Bears QBs have been better when he’s been on the field. His production holds up with the likes of Amari, Keenan, Michael Thomas, etc… and his next payday should reflect that (wherever it comes from).

 

Mitchell Trubisky, QB, CHI, 26

Market Valuation: $8.5M
If the Bears win two rounds & Trubisky is a big reason why, there’s likely a franchise tag in his future. If not, the financial fall will massive. QBs who hit the market after their rookie contract just simply aren’t getting the same respect they used to, and are settling for “prove-it” deals ranging from Mariota’s 2 year, $17.6M deal in Vegas, down to Jameis & Cam’s near minimum contracts. A 1 year, $6M-$8M contract with a load of incentives seems to make sense.

 

Baker Mayfield, QB, CLE, 25

Market Valuation: $32.3M
A rough 2019 has Baker trending more toward Ryan Tannehill money than Patrick Mahomes, but 2020 has been a very different story. The Browns may wait a year to make sure the consistency sticks, but overpaying a little today may mean value a few years down the road.

 

Aaron Jones, RB, GB, 26

Market Valuation: $14M
Jones is dynamic both in the run and pass game, & has been a TD machine for the Packers over the past few seasons. With the franchise tag for the running back likely to drop under $10M for the upcoming season, this seems a no brainer for the two sides.

 

Corey Linsley, C, GB, 29

Market Valuation: $9.1M
The top centers in the game make $12M now, and Linsley was having a great year (#1 ranked according to PFF) before a knee injury paused his season. He'll likely garner a raise, but i'm not sure it'll be drastic.

 

Darius Leonard, LB, IND, 25

Market Valuation: $19M
Leonard is a bit of a hybrid linebacker, who trends more toward pass rush then he does the run stop. In light of this, his valuation sits above the ILB threshold of $18M, and has a chance to push north of $20M now with players like Myles Garrett, Joey Bosa, etc well above this mark. Leonard holds a $1.4M salary for 2021, the final year of his rookie contract.

 

T.Y. Hilton, WR, IND, 31

Market Valuation: $10.1M
Hilton still has big games in him, but at 31 the bigtime paydays are likely in his past. He comps well with Golden Tate, who locked in a 3 year deal at just under $10M per year. Hilton will likely test the market for a price, but returning to Indy seems to make a ton of sense.

 

Xavier Rhodes, CB, IND, 30

Market Valuation: $7.3M
The top corners in the game now make $20M per year, and while Rhodes is 30, he ranked 12th among all CBs in 2020 according to PFF. Our valuation provides Rhodes with double the compensation he pulled in this past season ($3.75M).

 

Austin Reiter, C, KC, 29

Market Valuation: $11.4M
Tough to imagine the best QB in the game letting his center get away, though the transition from Mitch Morse to Reiter was fairly seamless. The Chiefs may not be able to afford this one…

 

John Johnson, S, LAR, 24

Market Valuation: $8.5M
Johnson has quietly been a gem in the secondary for the Rams over the past 3 1/2 seasons. The former 3rd round pick is inline for a nice raise, especially if he hits the open market.

 

Marcus Williams, S. NO, 24

Market Valuation: $9.5M
It’ll take plenty of creativity from the Saints front office to keep this roster intact, but Williams has been a top 10 safety over the past two seasons, and will likely require $10M+.

 

James Conner, RB, PIT, 25

Market Valuation: $5.4M
The pending free agent has had issues staying on the field, but he’s a more than serviceable running back when healthy. Mark Ingram’s 3 year, $15M contract seems to be a good comp here.

 

JuJu Smith-Schuster, WR, PIT, 24

Market Valuation: $15.6M
The shine rubbed off a bit on JuJu in 2020, as he joins a loaded list of WRs set to hit the open market. His current valuation puts him inline with the deal Cooper Kupp just signed in LA.

 

Chris Carson, RB, SEA, 26

Market Valuation: $7M
Fumbles and a lack of production in the passing game keep Carson’s valuation tempered. He’s likely looking at a deal similar to the 2 year, $16M one Melvin Gordon locked in with the Broncos, and Seattle should strongly consider keeping him.

 

K.J. Wright, LB, SEA, 31

Market Valuation: $8.5M
Age isn’t slowing Wright down, who’s having maybe his best season to date at 31. Seattle needs to improve defensively across the board, but a 2 year, $17M extension here probably makes sense.

 

Chris Godwin, WR, TB, 24

Market Valuation: $17.1M
Godwin on the open market has a chance to really find some money. The $17M+ here represents his role as a WR2 with plenty of weapons around him. But a team looking for a true WR1 (Miami, Houston, etc) would have to value him as such.

 

Shaq Barrett, LB, TB, 28

Market Valuation: $19.5M
Barrett turned a prove it deal into a franchise tag. He was never going to repeat his 19.5 sack, 6 forced fumble performance from 2019, but an 8 sack, 57 tackle year is probably about right going forward. Our math wants to make him a near $20M pass rusher, but conventional logic says he’s probably more in store for a cap adjusted version of Preston Smith’s $13M per year deal.

 

Corey Davis, WR, TEN, 25

Market Valuation: $10M
6 months ago this would've seemed impossible, but Davis & Tannehill have clearly found something in the final year of his rookie contract. If Tennessee considers him a viable WR2 going forward, the $10M price tag seems about right.

 

Jonnu Smith, TE, TEN, 25

Market Valuation: $8M
An underrated weapon at a position with not many superstars, Jonnu Smith is a pending free agent with a strong payday in his future, wherever it comes from.

 

Brandon Scherff, OG, WAS, 29

Market Valuation: $11.5M
Scherff is having his best season to date on the franchise tag, and despite a mathematical valuation of $11.5M, should push to reset the guard market at $14M+ this offseason. WFT’s O-Line has been great, and should be worth paying to keep together.

 

Ronald Darby, CB, WAS, 27

Market Valuation: $10.5M
Darby’s been playing on one year near minimum deals for the past two seasons, but has been outstanding after taking almost every single snap for WFT in 2020. A multi-year extension somewhere in the 4 for $40M range makes sense for both sides.



Michael GinnittiJanuary 05, 2021
While many if not most NFL teams will be scrambling to shed cap dollars this offseason, those few who possess space will be ready to pounce. In light of this, we may see an unusual amount of trades, including those featuring notable names across the league. Here's a list of players who could fit that bill, including the total dead cap to remain with their current team, & the contract to be acquired by a new team should a trade be processed.
Team Player POS Dead Cap traded contract Thoughts
ARI Andy Isabella (24) WR $693,588 2 yrs, $2M Isabella has barely found the field through two seasons with the Cardinals. If Larry Fitzgerald returns, there just doesn't appear to be a role for him here.
ATL Julio Jones (31) WR $23.25M 3 yrs, $38M With Calvin Ridley ready to take a bigger role, the time may be right for Atlanta to opt for the draft assets that would come with a Jones trade. A post June 1st move would mean dead cap hits of $7.75M in 2021, & $15.5M in 2022.
BUF Vernon Butler (26) DT $1M 1 yr, $6.85M Buffalo will welcome back Star Lotuleilei to this role, putting Butler's spot on notice. He's a fairly inexpensive rental for a team in need.
CHI Buster Skrine (31) CB $3.3M 1 yr, $5M The Bears' secondary suffered a slew of injuries in 2020, & will likely be a focus in the upcoming draft. Skrine's low-buy rental contract should hold trade value.
CIN Bobby Hart (26) RT $1M 1 yr, $5.9M Hart has been a serviceable optio, but upgrade the O-Line should be a major focus for Cincy this offseason.
CLE David Njoku (24) TE $0 1 yr, $6M

Njoku's 5th-year option fully guarantees on the 1st league day of the year, which could have some bearing on his trade value. An outright release is more likely here.

DAL Ezekiel Elliott (25) RB $14.9M 6 yrs, $75M It's highly unlikely, but the Cowboys may need to trade offensive money for defensive spending this offseason. There's a world where a Miami, or Seattle, or Arizona go all-in with their running game for the next few seasons. Zeke's deal carries 2 years, $22M guaranteed thru 2022. A Post June 1st trade means $4.1M of 2021 dead cap for Dallas, & another $10.8M in 2022.
DET Matthew Stafford (32) QB $19M 2 yrs, $43M It remains to be seen what a new regime for Detroit means for Stafford, but it appears on the surface that his time with the Lions may be coming to a close. There's a $10M roster bonus due in early March, so a trade (or outright release) may headline the 2021 league year. Would a Stafford for Garoppolo swap make sense for both?
HOU Deshaun Watson (25) QB $21.6M 5 yrs, $146.5M Watson's discontent with the past year's worth of decisions in Houston now has this situation on high alert. There's still $82.5M guaranteed over the next three years, and a no-trade clause in Watson's favor as well. We're talking a player or two plus 5-6 Top 100 draft picks as legitimate compensation for a move like this.
HOU J.J. Watt (31) DE $0 1 yr, $17.5M Watt made it know publicy that he was dissatisfied with how 2020 unfolded in Houston, & it may have been a parting shot. He'll be entering a contract year in 2021, with no dead cap attached to the contract.
LAC Chris Harris (31) CB $3.75M 1 yr, $7.5M The Chargers will likely need to pick between Harris or Casey Hayward this offseason. Harris' deal offers a nice rental move for a team looking to acquire veteran secondary depth.
NE Stephon Gilmore (29) CB $7.6M 1 yr, $7.5M It's tough to imagine Gilmore playing out a $7.5M season, & it's even tougher to imagine the Patriots paying him competitively going forward. There's gas left in the tank, and New England is looking to build up as many draft picks as possible right now.
NYJ Sam Darnold (23) QB $5M 1 yr, $4.7M It stands to reason that the Jets will draft Darnold's replacement this April, putting his roster spot on notice. He's shown 1st round talent at times, & certainly hasn't had a proper supporting cast - or offensive line - in his early career. Teams moving on from veteran QBs (WFT, NO, PIT, DET, SF) should all be interested here. It should be noted that the decision on Darnold's 5th-year option needs to be made by May 3rd, & exercising it means it's fully guaranteed.
PHI Carson Wentz (27) QB $33.8M 4 yrs, $100M There's simply no way around the fact that trading Carson Wentz will be a terrible business move - however, it still appears this may happen. So let's unpack the simplest way to go about it: As soon as the league year begins, the Eagles trade Carson Wentz and his $40M guaranteed over the next two seasons, to the Colts. The move means $33.8M of dead cap to the Eagles, all in 2021. Wentz currently holds a $34.6M cap hit for 2021, meaning this trade would clear $853,000 of cap space. Crazy right? Yes, HOWEVER, the Eagles already have their starting QB under contract on the cheap. If Wentz's roster spot is replaced by a rookie or UDFA, that will account for $660,000 of cash/cap - meaning Philly still comes out in the black here. It's gross, but so was Carson's play this season.
PIT Joe Haden (31) CB $2.975M 1 yr, $7M Haden is still a solid option in the secondary, but he's lost a step and his advanced metrics are really behind. All that said, it's possible Pittsburgh can find a buyer for a $7M rental with his experience.
SF Dee Ford (29) DE $14.3M 3 yrs, $50M It just hasn't gone as planned for Ford and the 49ers, and an outright release is more likely on the table here. But with no guarantees left on the deal, it's possible a trade & restructure fits the bill for a team in need. Jimmy Garoppolo is an obvious trade candidate here as well, though it's not a sure thing.
TB O.J. Howard (25) TE $0 1 yr, $6M His $6M option fully guarantees on the first league day, and it's unclear when he'll recover from his achilles injury to pass a physical, but regardless - it still makes sense for Tampa Bay to entertain offers on the tight end.
TEN Kenny Vaccaro (29) S $3M 2 yrs, $11.5M The Titans are likely in store for many changes on the defensive side of the ball. Vaccaro is still a solid player, who could thrive in a different system, & comes at a reasonable cost. There may be a suitor if Tennessee seeks one.
Michael GinnittiDecember 29, 2020

Our annual NFL Roster Bubble report comes with a new twist this year, as teams will be operating under the impression that the NFL salary cap will be going down for the first time since the hard cap returned. We've identified players from each NFL team who may be trending toward the 2021 roster bubble, based on performance vs. compensation & dead cap structure. Others may fall on this list simply because they're in need of a restructure, or are trending toward retirement. We'll continue to update this list as new reports emerge.
Did we miss someone? Send suggestions to @spotrac.

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Quarterbacks
Player Team Pos AGE 2021 Cap Details
Matt Ryan ATL QB 35 $40,912,500 A Post June 1st release would mean dead cap hits of $23.4M in 2021 (including $5.5M cash), & another $26.5M for 2022. A Post June 1st trade means $17.9M in 2021, & $26.5M in 2022, while the receiving team would pick up a 3 year, $75M contract, but just $5.5M guaranteed in 2021.
Jeff Driskel DEN QB 27 $3,250,000 With both Drew Lock & Brett Rypien under contract for much less cap, it would make sense for Denver to take the $2.5M saved here and use it elsewhere.
Matthew Stafford DET QB 32 $33,000,000 There's a $10M roster bonus due March 21st, so trading or releasing him prior to this would make the most financial sense for DET ($19M dead cap, $14M saved).
Derek Carr LV QB 29 $22,125,000 With $2.5M of dead cap left on this contract (trade or release), if the Raiders want to move on, they'll have no financial trouble doing so.
Marcus Mariota LV QB 27 $10,725,000 If the plan is to move Mariota into QB1, then this is a great price. But as a QB2, $10.725M is much too high to stick with. It can all be cleared via release or trade.
Kirk Cousins MIN QB 32 $31,000,000 It would be a remarkable business move, but there's a world in which Minnesota takes on a $41M dead cap hit ($21M cash) this March and moves on from Cousins. It would mean a $10M cap loss in 2021, but $45M cleared in 2022 (including $35M cash). His 2022 salary fully guarantees on March 19th.
Drew Brees NO QB 41 $36,150,000 With retirement likely, Brees stands to leave behind $22.65 of dead cap per the dummy years built into his contract, freeing up $13.5M.
Sam Darnold NYJ QB 23 $9,794,271 Darnold's status will remain unclear until draft day. He has a $3.8M roster bonus due at the start of training camp, so a trade prior to that would clear $4.7M
Carson Wentz PHI QB 27 $34,673,536 It's complicated. There's $33.8M of dead cap per a trade, which increases if the $10M roster bonus is paid on March 19th. An outright release is out of the question.
Ben Roethlisberger PIT QB 38 $41,250,000 If he returns, it won't be on a league-high $41.25M, so a restructure will be imminent. If he walks away, it means $22.25M of dead cap staying with Pittsburgh ($19M saved).
Mason Rudolph PIT QB 25 $1,247,867 It doesn't appear as though Rudolph will be the heir apparent in PIT, & with $1.01M to be saved, moving out may be imminent.
Jimmy Garoppolo SF QB 29 $26,400,000 An injury-plagued stint in SF is likely coming to a close. With just $2.8M of dead cap on his contract ($23.4M to be saved), the 49ers hold his fate here.
Alex Smith WAS QB 36 $24,400,000 WFT is better with Smith at the helm, but there will be other veteran options available should they look to upgrade. There's $13.6M to be cleared should he be released or traded ($10.8M dead cap).
Dwayne Haskins WAS QB 23 $3,931,803 Haskins has $4.26M fully guaranteed cash, $8.5M of total dead cap remaining on his deal. WFT would lose $2.46M of 2021 cap space on a Post June 1st release, but the writing still seems on the wall.

 

Running Backs
Player Team Pos AGE 2021 Cap Details
Mark Ingram BAL RB 31 $6,333,334 Ingram still holds value as an RB2 here, but Baltimore simply may need the $5M saved to move on from him ($1.3M dead cap).
Ezekiel Elliott DAL RB 25 $13,700,000 His $9.6M salary for 2021 is already fully guaranteed, and his $12.4M salary for 2022 locks in on March 21st. Can the Cowboys find someone to take on a 2 year $22M contract? If so, a Post June 1st trade would mean dead cap hits of $4.1M in 2021, & $10.8M in 2022, clearing $9.6M next season.
David Johnson HOU RB 29 $9,000,000 $2.1M of his $7.95M salary for 2021 is already fully guaranteed, & a $300,000 bonus kicks in March 19th. It still seems imminent that Houston will move on, clearing $6.9M of cap space ($2.1M dead cap/cash).
Duke Johnson HOU RB 27 $5,025,000 The less expensive Johnson likely has a better chance of sticking in the final year of his contract, but it's possible the Texans do a major roster purge this offseason. There's $5M+ to be saved here should a release or trade be administered.
Jalen Richard LV RB 27 $3,500,000 While this won't be a necessary move, the Raiders can clear the full $3.5M by moving on this March. Space that can be used to fill other holes.
Sony Michel NE RB 25 $3,063,040 $1M of Michel's 2021 salary is fully guaranteed, factoring into $2.3M of dead cap. While a release only clears $756k of cap space, it still seems as though these two sides are headed for a breakup.
Latavius Murray NO RB 30 $4,200,000 Murray has been extremely valuable to this Saints offense for 4 years, so a restructured extension could very well be in play here. There's $2.5M to be saved here via a trade or release otherwise ($1.7M dead cap).
Rashaad Penny SEA RB 24 $3,425,367 Injuries have dominated Penny's rookie contract, & with only $580k of his 2021 salary guaranteed, it could mean the end in Seattle. The Seahawks can clear about $1.4M of cap space ($2M dead cap) per a release.
Peyton Barber WAS RB 26 $1,640,000 The one-two punch of Antonio Gibson & J.D. McKissic has been more than adequate, and if WFT can get any kind of production from Bryce Love, they'll be in good shape here. Moving on from Barber frees up $1.34M of cap space.

 

Wide Receivers
Player Team Pos AGE 2021 Cap Details
Julio Jones ATL WR 31 $23,050,000 Julio has 3 years, $38M left on his deal & a $23M cap number for 2021. If the new Falcons' regime is looking to dial things back, stocking up on draft picks by trading Jones makes sense. A Post June 1st trade frees up $15.3M next season, adding dead cap hits of $7.75M in 2021, $15.5M in 2022.
Miles Boykin BAL WR 24 $1,064,232 Though he's incredibly inexpensive, Boykin can't seem to find his place in this Baltimore offense. With only $428k of dead cap on the deal, moving on in some fashion is very doable.
John Brown BUF WR 30 $9,750,000 Brown has rejuvenated his career with the Bills, & has a clear connection with QB Josh Allen. But an injury plagued 2020 + a big step forward from Gabriel Davis could mean he's an odd man out come 2021. There's $8.15M to be cleared if he's traded or released before a $500,000 roster bonus is paid March 21st.
Odell Beckham, Jr. CLE WR 28 $15,750,000 OBJ was having a nice season prior to his ACL tear, and should be considered to be loosely on the roster bubble for 2021. $12.8M of his salary is already fully guaranteed, so this would be a trade scenario only, a move that would free up the full $15.75M, and $45M of cash over the next three seasons.
Amari Cooper DAL WR 26 $22,000,000 Cooper's on pace for a 90 catch season without Dak Prescott, so he's certainly holding his own, but with CeeDee Lamb & Michael Gallup capable options, flipping Amari for much needed draft picks could make sense. His $20M salary is already fully guaranteed, but there's $14M of space to be had.
Tyrell Williams LV WR 28 $11,600,000 The Raiders have paid $21M for 42 catches, and likely won't consider the remaining $23M. His entire $11.6M cap figure comes off via a trade or release.
Mike Williams LAC WR 26 $15,680,000 With Keenan Allen locked up, keeping Williams on his 5th year option price may not make sense. A restructured extension is certainly in the cards, but LAC can get out of this contract prior to the start of 2021 with no dead cap charge.
Albert Wilson MIA WR 28 $5,158,334 Wilson opted out of 2020, and with the team taking a major step forward without him
Julian Edelman NE WR 34 $6,666,666 The cap hit & cash payout ($4M) is certainly tenable, but Edelman himself will likely be looking for a change of scenery if the Patriots slide into a full rebuild. There's $4M to be saved for New England here.
Emmanuel Sanders NO WR 33 $10,000,000 Despite a typical season, the Saints are going to have to make some tough choices with their finances in 2021. There's a fully guaranteed $2M roster bonus due March 21st, so a trade would be ideal, freeing up $6M of space for NO.
Golden Tate NYG WR 32 $10,852,942 Tate fell out of favor quite spectacularly this season, so the $6M to be saved ($4.7M dead cap) from moving on seems a no brainer at this point. The Giants will be a destination for a bonafied WR1 via trade/draft/free agency this spring.
Jamison Crowder NYJ WR 27 $11,500,000 Crowder is a nice veteran option especially for a young (potentially new) QB, but if the Jets are looking to break it all down, the $10.5M to be saved ($1M dead cap) here will be the right approach.
Alshon Jeffery PHI WR 30 $18,486,500 Philly will likely designate Jeffrey a Post June 1st release as soon as possible, meaning $5.5M of dead cap for 2021 ($12.95M saved), & another $5M in 2022.
DeSean Jackson PHI WR 34 $10,934,000 Jackson still has plenty of production in him, but he'll need to redo his contract either here or elsewhere to continue on. Philly can clear $5.1M in space to move on ($5.8M dead cap).
Marquise Goodwin PHI WR 30 $4,450,000 Goodwin opted out of 2020, and his cap figure is certainly doable, but it stands to reason that Philly will be looking to get cheaper in a lot of spots - especially if they need to keep Carson Wentz on the books.
Adam Humphries TEN WR 27 $9,750,000 He's struggled to stay on the field for TEN, and can free up $7.25M of space as a Post June 1st release ($2.5M of dead cap each of 2021, 2022).

 

Tight Ends
Player Team Pos AGE 2021 Cap Details
Nick Boyle BAL TE 27 $7,833,334 Boyle missed the second half of 2020 with a bad knee injury, so bringing him back on a near $8M cap figure seems unlikely. The $2.3M of dead cap means $5.5M to be saved.
Jimmy Graham CHI TE 34 $10,000,000 Graham has a no trade clause (honestly), so it'll take an outright release to free up the $7M of space to be had here. He's been much more productive than advertised, but handing the keys to a much more inexpensive Cole Kmet probably makes sense.
David Njoku CLE TE 24 $6,013,000 The Browns exercised Njoku's option for 2021, but it won't become fully guaranteed until the first league day. They can release him prior to that with no dead cap incurred.
Jack Doyle IND TE 30 $5,850,000 Now north of 30, and with other options on the roster, Doyle's probably on the backside of his tenure with Indy.
Tyler Eifert JAX TE 30 $6,125,000 If the Jaguars lock in the #1 overall pick, keeping the veteran Eifert in the fold porbably makes sense. Otherwise, there's $5M to be saved ($1.125M dead cap) if Jacksonville so desires.
Kyle Rudolph MIN TE 31 $9,450,000 Irv Smith Jr. is clearly the next man up, making Rudolph's cap figure too rich to swallow. Desiginating him a Post June 1st release means $8M of cap space saved ($1.45M of 2021 dead cap, $2.9M of 2022 dead cap).
Josh Hill NO TE 30 $3,355,000 The Saints need to cut costs, and there's $2.605M to be cleared with a move here.
Zach Ertz PHI TE 30 $12,471,500 Injuries have tempered his 2020 season, and the Eagles will be looking to cut costs on the offensive side of the ball this offseason. An early release means $4.7M saved, while giving Ertz a chance to find work elsewhere quickly.
Vance McDonald PIT TE 30 $7,927,500 Both McDonald & Eric Ebron see their cap figures rise greatly in 2021, putting both in the bubble conversation. With McDonald being the less productive of the two in the passing game the near $8M hit seems less doable. An outright release means $5.2M saved ($2.27M dead cap).
Eric Ebron PIT TE 27 $8,500,000 Ebron never geled with Big Ben the way early reports said he might, but still found himself north of 50 receptions. A $500,000 roster bonus due March 21st likely means a decision will come early. There's $6.5M to be saved if they move on prior to the payment.
Cameron Brate TB TE 29 $6,500,000 Brate's fate likely hangs on the future of Rob Gronkowski in Tampa Bay. With OJ Howard set to rejoin the fold in 2021, Brate as a 3rd option is much too pricey to handle. The Bucs can clear all $6.5 of his salary with a trade or release.

 

Offensive Line
Player Team Pos AGE 2021 Cap Details
James Carpenter ATL OG 31 $6,458,333 With no more guarantees remaining on his deal, Carpenter's contract is now in the hands of the Falcons, who can clear $4M per a trade or release ($2.4M dead cap).
Matt Paradis CAR OC 31 $10,330,000 One of the best value centers while on his rookie contract with the Broncos, Paradis hasn't been able to recreate that magic since his payday with the Panthers. Carolina will be focusing on the defensive side of the ball most of the offseason, but there's $8.5M of cap to be cleared here as a post June 1st release if they want it ($1.8M dead cap in 2021, $3.6M in 2022).
Bobby Massie CHI RT 31 $9,300,000 Massie has shown he can be an adequate option when he's healthy, but that's been easier said than done of late. With the guaranteed money now out of his contract, there's $6.7M of cap to be saved ($2.6M dead cap).
Bobby Hart CIN RT 26 $6,900,000 Advanced metrics haven't been good to Hart since he joined Cincy in 2018. It's hard to imagine the Bengals keeping him in the fold as their highest paid lineman next season. A release means $5.9M saved ($1M dead cap).
Joe Dahl DET OG 27 $3,125,000 After two extremely team friendly cap years, Dahl's hit pushes north of $3M in 2021. With $2.875M of that to be cleared by moving on, a Lions team looking to shuffle a few pieces may opt of the space ($250,000 dead cap).
Nick Martin HOU OC 27 $8,750,000 One of the worst-rated centers according to PFF, and just $2.5M of dead cap against his 2021 salary, Houston holds the keys to Martin's immediate future. One would reason that the $6.25M to be saved would win out here.
Anthony Castonzo IND LT 32 $16,000,000 The Colts would certainly welcome him back, but there's a solid chance Castonzo walks away from the game this offseason, including $16M cash set to be earned in 2021. $6M of that is a roster bonus due March 21st, so a quick decision will be required here.
Mitchell Schwartz KC RT 31 $10,005,000 Schwartz is likely to finish 2020 on the sidelines with a back injury, putting his 2021 status in question. There's a $1M roster bonus due in early March, with $6.25M of cap to be cleared per a trade or release prior to it ($3.75M of dead cap).
Trenton Brown LV RT 27 $14,000,000 After paying him $36.75M over the past two seasons, the Raiders can out from under this contract at no dead cap charge from here out. That means $14M to be saved should they desire. A restruture may also be in the cards.
Richie Incognito LV OG 37 $6,350,000 After an extremely reliable tenure with the Bills, Incognito has struggled to stay on the field with the Raiders, missing all but two weeks in 2020. The almost 38-year-old will be testing father time from here out, and Las Vegas can clear all $6.35M of cap per his release.
Riley Reiff MIN OT 32 $13,950,000 Reiff took a $5M pay cut prior to 2020 to save his spot, but that likely won't be the case for next season.With just $2.2M of dead cap on his contract, Minnesota can free up $11.75M of space to move on.
Andrus Peat NO OG 27 $11,600,000 The Saints just extended Peat this past March, so they'll need help to get out this offseason should they so desire. Trading him post June 1st means dead cap hits of $2.6M in 2021, & $7.8M in 2022 ($9M saved next season). The receiving team would take on a 2 year, $20M fully guaranteed contract.
Nate Solder NYG OT 32 $16,500,000 Solder opted-out of 2020, so NYG has already begun to move forward without him. It seems impossible he'll return under the current cap hit, and a post June 1st release designation frees up $10M of it ($6.5M of 2021 dead cap, $4M of 2022 dead cap).
Maurkice Pouncey PIT OC 31 $14,475,000 Restructures have his 2021 cap hit upwords of $14.5M, making him one of 7 Steelers players with a $14M+ cap figure currently allocated next season. If Ben returns, it's certainly likely that Pouncey does too, but they'll need to adjust this figure a bit. There's $8M to be saved should they move on ($6.475M dead cap).
Ryan Jensen TB OC 29 $10,000,000 Jensen had an outstanding 2019, but has slipped back into the mix in 2020 - despite being extremely reliable in his three years with the Bucs. TB can clear his full $10M without a dead cap hit if they look to upgrade here.

 

Defensive Tackles
Player Team Pos AGE 2021 Cap Details
Allen Bailey ATL DL 31 $6,125,000 The Falcons will spend much of their offseason looking to bolster a defense that kept them out of games this year. Moving on from Bailey frees up $4.5M ($1.6M dead).
Brandon Williams BAL DT 31 $14,424,000 He's missed games in each of the past two seasons, heavily restricting his ability to be productive. With $7.5M to be saved here ($6.9M dead cap), a restructured extension could be in play, but so could moving on entirely.
Vernon Butler BUF DT 26 $7,850,000 Butler had a solid 2020 campaign, but will likely fall out of the mix with Star Loutleilei returning in 2021. Moving on frees up $6.85M of cap space for the Bills ($1M of dead cap).
Kawann Short CAR DT 31 $20,839,000 After a 4-year stretch as one of the most dominant DTs in the game, injuries have kept him out of all but 5 games over the past two seasons. There's no chance the Panthers can bring him back on a near $21M cap figure, so taking on the $11M of dead cap is the move here ($9.8M saved).
Geno Atkins CIN DT 32 $14,800,000 Atkins has been in a bit of decline for the past two seasons, capped off with a shoulder injury that limited him to 8 games in 2020. There's 2 years, $25M remaining on his contract, but $9.6M of cap space to be cleared in 2021 if the Bengals move on.
Jurrell Casey DEN DT 31 $12,281,000 The Broncos have decisions to make with Von Miller & Justin Simmons, and will focus heavily on the defensive side of the ball in both the draft & free agency. Casey's current cap figure is likely too rich to swallow here. With no dead cap involved, Denver can clear the full $12.2M.
Nick Williams DET DL 30 $5,700,000 Williams has been an adequate role player, but the Lions will be looking to get younger and cheaper in a lot of spots this spring. A trade or release here clears $4.7M ($1M dead cap).
Dean Lowry GB DL 26 $6,300,000 It's no secret that the Packers' lack of run defense has hurt them at times in 2020. Lowry is having a typical season, & his cap figures going forward don't break the banks, but it stands to reason that an upgrade could be coming here. With $3M of dead cap, Green Bay can clear $3.3M of spaceby moving on.
Linval Joseph LAC DT 31 $11,500,000 Joseph's cap figure jumps up $6M next season, and there's a $2M roster bonus due March 19th, so if the Chargers' plan is to move on, it'll happen quickly. With $4M of dead cap on the deal, LAC can free up $7.5M.
Henry Anderson NYJ DL 29 $9,533,334 Folorunso Fatukasi & Quinnen Williams seem to have the interior portion of the Jets line locked down, putting Henry Anderson's role in question. His cap figure is certainly tolerable, but there's $8.2M to be cleared here of NY so desires.
Fletcher Cox PHI DT 30 $23,880,000 Two massive restructures have Cox's cap hit ($23.8M) & dead cap ($21M) in ugly situations. He's been the Eagles' best interior linemen yet again this season, so moving on doesn't make much football sense, but to stick around likely means another restructure - making 2022 even uglier.
Jarran Reed SEA DT 28 $13,500,000 The season-long stats aren't good, but Reed has been one of the reasons that Seattle's defense has turned a corner in 2020. Just 28 years old, a restructured extension probably makes sense for both sides here. There's $5M of dead cap on his 2021 salary.
Matthew Ioannidis WAS DT 26 $7,150,000 Missed all but 3 games due to a torn bicep, but has been one of the better options for WAS over the past two seasons. This defense is loaded, and there may be value in finding a trade a partner here ($3M of dead cap to move on).

 

Edge Defenders
Player Team Pos AGE 2021 Cap Details
Chandler Jones ARI OLB 30 $20,833,334 Jones is an outstanding player, & he had an outstanding 2019. The only reason he finds himself on this list is a near $21M cap figure, on an expiring contract, coming off of biceps surgery. A restructured extension is more likely to come from Arizona than a trade or release. There's $15.5M to be saved if the latter happens though ($5.3M dead cap).
Stephen Weatherly CAR DE 26 $7,950,000 Weatherly has a $1.25M roster bonus due March 19th, so the Panthers will need to act quickly if they want to free up the $5.95M of space to move on here ($2M dead cap).
Von Miller DEN OLB 31 $22,225,000 Miller has a club option coming out of a season missing ankle injury. It's safe to assume Denver won't be exercising this salary as is, but a restructured extension isn't out of the question here - especially with his heir apparent in Bradley Chubb not reaching expectations as of yet.$4.225M of dead cap sticks with the Broncos or moves on to the new contract.
Preston Smith GB OLB 28 $16,000,000 The Packers D has been a bit of Jekyll & Hyde this season, and Smith's $16M cap figure stands out as questionable going forward. There's a $4M roster bonus due March 19th, but before that, desiginating him a Post June 1st release frees up $12M of space.
J.J. Watt HOU DE 31 $17,500,000 For the first time in 10 years, Watt has expressed true discontent with how the Texans' organization has operated of late. Factoring in this plus major decline in production from the 31 year old, and it stands to reason he won't be back on his current $17.5M cap figure in 2021 - the final year of his contract. A trade then restructured extension may be in order, freeing up all $17.5M for Houston (no dead cap).
Dee Ford SF OLB 29 $20,785,000 SF reportedly wanted to get out of this contract almost immediately after signing it. The guaranteed portion of the deal falls off in 2021, with $14.3M of total dead cap on the books. If he's designated a Post June 1st release, there's $16M of 2021 cap space to be cleared here.
Carlos Dunlap SEA DE 31 $14,100,000 There's no question Dunlap has made a significant impact on Seattle's D, but his cap figure jumps up $12M for 2021. With no dead cap attached, a restructured extension likely works for both here.

 

Linebackers
Player Team Pos AGE 2021 Cap Details
Christian Kirksey GB ILB 28 $8,000,000 Kirksey is one of the worst rated LBs in 2020 according to PFF, and the Packers' defense is likely in for a major rehaul this offseason. There's a $1.5M roster bonus due March 19th, but prior to that there's $6M to be saved ($2M dead cap).
Anthony Hitchens KC ILB 28 $10,723,750 KC will need to get creative with a lot of contracts this offseason to keep this juggernaut rolling, but there will be casualties. Hitchens can likely be replaced through the draft in 2021, and there's $6.5M of cap space to be freed up by designating him a post June 1st release in March.
Dont'a Hightower NE ILB 30 $12,445,305 The Patriots are certainly better with Hightower (who opted out of 2020) on the field, but it's difficult to guage where the team's head will be come the offseason. If the plan is strip it down even more, Hightower's $12.4M cap figure doesn't make as much sense as the $9.9M of space to be had does ($2.5M of dead cap).
Kwon Alexander NO OLB 26 $13,400,000 Alexander has been dealing with an achillies issue to finish off 2020, and his cap figure jumps up $12.5M for 2021. A restructured extension is certainly possible, but remaining on this current contract is simply not. The Saints will free up all $13.4M by ripping up this deal.

 

Cornerbacks
Player Team Pos AGE 2021 Cap Details
Robert Alford ARI CB 32 $9,000,000 Arizona has paid out $15M to Alford for 0 snaps due to injury. It's tough to imagine they'll take a chance on any further payment from hereout. The Cardinals can free up $7.5M of cap by moving on.
Buster Skrine CHI CB 31 $6,100,000 With Kyle Fuller's cap figure currently set to jump to $20M in 2021, it stands to reason that Skrine's figure will become a casualty. Unfortunately for the Bears, an early release only frees up $2.8M of cap space, but every little bit helps.
Anthony Brown DAL CB 27 $5,750,000 Brown has held down the starting RCB role for much of 2020, but it stands to reason that Trevon Diggs will slide into that position sooner rather than later. With $3M of dead cap on the books, Dallas can free up $2.75M by moving on.
A.J. Bouye DEN CB 29 $11,908,088 Bouye's play has declined over the past two seasons, & a 6 game suspension for PEDs will carry over into 2021, putting his roster spot in peril. There's no dead cap associated with his 2021 salary, meaning Denver can free up all $11.9M by moving on.
Desmond Trufant DET CB 30 $12,500,000 A hamstring injury limited Trufant to just 6 games in 2020, after seeing just 9 games in 2019 with the Falcons. Although $3.5M of his 2021 salary is already fully guaranteed, it'll be tough to justify a $12.5M hit next season, & the Lions can free up $6.5M by moving on in early March.
Justin Coleman DET CB 27 $11,029,000 The Lions could be in for a whole new secondary come 2021, as both Desmond Trufant and Coleman missed significant time in 2020 and carry significant cap hits next season. With $6M of dead cap on his contract, there's $4M or so to be cleared should the Lions decide to move on, though that seems a but unlikely at this point.
Chris Harris LAC CB 31 $11,250,000 Both Chris Harris & Casey Hayward carry cap figures north of $10M in 2021, and it seems unlikely that both will remain as is. The case for moving on from Harris? He's more expensive, has a $2M roster bonus due March 19th, and hasn't been a face of this franchise for years. An early March release clears up $7.5M of space.
Casey Hayward LAC CB 31 $11,750,000 Hayward was outstanding in 2019, and actually brings a lower cap figure into 2021 than he carried in 2020. It seems likely both he and Chris Harris won't carry into the new season together. The case for moving on from Hayward? There's $9.75M to be cleared per a trade or release, and no time constraints in doing so.
Stephon Gilmore NE CB 30 $17,170,834 The final year of Gilmore's contract offers a high cap hit, but only $7.5M of cash to be doled out. This likely won't fly for Gilmore - nor will a rebuild in New England should that happen. A trade or release frees up $9.5M of space for the Patriots.
Patrick Robinson NO CB 33 $3,850,000 The Saints will need to cut costs across the board in 2021, and though Robinson's deal won't make a huge dent in that regard, every little bit help. With $1.25M of dead cap allocated into his final season, moving on means $2.6M to be saved.
Joe Haden PIT CB 31 $15,575,000 Haden and Steven Nelson have near identical contracts & identical production right now looking ahead to 2021. The Steelers may not be able to retain both at their current figures. Haden is the older of the two, and his deal provides $12.6M of savings to move on from him this March ($2.975M of dead cap).

 

Safeties
Player Team Pos AGE 2021 Cap Details
Tyrann Mathieu KC FS 28 $19,733,334 The versatile DB is only here because of the heightened level of his cap figure for 2021. With just $4.93M of dead cap attached, there's a significant amount of space to be freed up here one way or another. A restructured extension seems imminent.
LaMarcus Joyner LV FS 30 $11,200,000 The Raiders have paid out $22M of his contract, & while there's $20M more on the books, Las Vegas can free up $8.7M of space by moving on this March ($2.5M of dead cap).
Eric Rowe MIA SS 28 $5,050,000 With the guaranteed portion of his contract now by the wayside, Miami may opt to take the $4M of savings here ($1M of dead cap).
Landon Collins WAS CB 26 $17,200,000 Collins has been overpaid since the day he signed his contract back in June of 2015. Another $12.5M is set to become fully guaranteed on March 21st, but Washington can free up $13M of space by designating him a Post June 1st release prior to it ($4.2M of 2021 dead cap, $9.6M of 2022 dead cap).

 

Special Teams
Player Team Pos AGE 2021 Cap Details
Chris Jones DAL P 31 $2,500,000 Jones has been with the Cowboys since 2011, and he enters a contract year in 2021 carrying a $2.5M cap figure. With just $500,000 of dead cap attached to it Dallas may opt for the $2M of savings to use elsewhere.
Dan Bailey MIN K 32 $3,800,000 $1.8M of Bailey's 2021 salary becomes fully guaranteed on March 19th, so a release prior to this will clear $1.7M of cap space ($2.1M dead cap).
Thomas Morstead NO P 34 $4,500,000 Morstead is one of the lower rated punters in 2020 according to PFF, & his contract offers $2.5M of cap space to a Saints team very much in need of it next season. There will be a $2M dead cap hit to move on.
Riley Dixon NYG P 27 $2,925,000 His numbers are skewed slightly because of the usage a bad Giants offense has put him through in 2020, but with $2.6M of cap space to be saved, he can still be considered a bubble player.
Chris Boswell PIT K 29 $4,773,333 To be fair, Boswell has bounced back nicely in 2020 in terms of field goals made, but has been somewhat inconsistent in the extra point department. With only $1.4M of cap space to be saved by moving on, he's a fringe bubble player right now.
Robbie Gould SF K 38 $5,250,000 The 38-year-old has been outstanding for a long time, but slipped back into the "average" grouping in 2020. With a league high $5.25M option figure for 2021, the Niners may view the $3.75M of cap savings as a better business decision, though an extension to lower the cap hit could also be in play.
Michael GinnittiDecember 10, 2020
Now in the final homestretch of the 2020 regular season, our focus begins to turn toward future roster construction, starting here with a notable potential contract extension candidates from each organization.
Team Player POS 2020 Cash Projected Avg. Salary Thoughts
ARI Haason Reddick (26) OLB $2.3M $9.1M Reddick is having his most productive year since the Cardinals declined his 5th year option 6 months ago. There's likely a Shaq Lawson type deal in his future, be it in Arizona - or on the open market. Patrick Peterson is also a name to watch here...
ATL Calvin Ridley (25) WR $1.4M $15M Ridley has WR1 potential, & has proven to be one of the best young WR2s in the game for 3 seasons. Atlanta has a serious cap problem for 2021, so this extension may need to wait - but it's on the horizon.
BAL Jimmy Smith (32) CB $3.5M $3.5M Smith & Richard Sherman will be 32 year old cornerbacks looking for new contracts this offseason. Smith has outplayed his current price, but with age and late injury now factored in, may need to accept something similar to stay in Baltimore. Both sides should be interested. Note: Lamar Jackson will be extension eligible after the 2020 season, but it's not apparent that the Ravens will make this a priority just yet.
BUF Josh Allen (24) QB $2.5M $39M Allen needed to take a step forward to put himself into a real conversation about a 2021 extensions - and he's done so. While he may never be the best QB in the league, he's been consistently above average for the better part of two years now. Luckily for him, being a Tier 2 QB right now should bag him close to $38M per year.
CAR Taylor Moton (26) RT $1.3M $15M Moton has entered himself into Tier 1 of RTs in the NFL, and will need to be paid as such. He'll follow in the footsteps of Jack Conklin, who recently locked in $14M with the Browns. WR Curtis Samuel  is also a candidate for a new deal.
CHI Allen Robinson (27) WR $13M $19M While the Bears haven't been, A-Rob has been consistently above average. His lack of an extension to date is less about his production, & more about Chicago trying to understand where they are in terms of contention. He's in the Amari Cooper/Keenan Allen money conversation.
CIN Jessie Bates III (23) FS $929k $14M The top-rated safety in the league according to PFF becomes extension-eligible after 2020. He'll be entering a contract year in 2021, so locking him up for the next few seasons probably makes sense. Bates may want to wait for Jamal Adams, Justin Simmons, & Minkah Fitzpatrick to sign new deals as the safety ceiling is sure to lift.
CLE Denzel Ward (23) CB $3.2M $18.5M

The Browns have had a lot of 1st round busts, but Ward isn't one of them. The CB market ceiling was shattered this offseason, & players like Ward will now benefit. He'll be eyeing Marlon Humphrey's $19.5M target.

DAL Dak Prescott (27) QB $31.4M $37.5M There's likely another franchise tag coming for Dak, but a multi-year extension shouldn't be far behind. Now a year older, and coming off of a severe injury, a deal in the 4/150 range probably makes sense. Dak can't be extended until after the 2020 regular season.
DEN Justin Simmons (26) FS $11.4M $14.5M The Broncos as a whole took a step back in 2020, and there could be wholesale changes coming to the defensive side of the ball. Simmons is still one of the best safeties in all of football, and he'll be highly coveted on the open market.
DET Kenny Golladay (26) WR $2.3M $19M Golladay's seen limited action in 2020 due to injury, and the Lions are now setup for new front office/coach going forward, meaning the notion of throwing $100M at a WR may not be in the immediate plans. A franchise tag seems extremely likely here.
GB Corey Linsley (29) OC $8.5M $9M The top centers in the game make $12M now, and Linsley was having a great year (#1 ranked according to PFF) before a knee injury pause his season. He'll likely garner a raise, but i'm not sure it'll be drastic. RB Aaron Jones is also in need of a new contract.
HOU Will Fuller  (26) WR $10.1M $17M It's complicated. Fuller will miss the remainder of 2020 & the first game of 2021 per his recent PED suspension. Factor that in with a string of injuries and there's a red flag hanging over his pending free agency. With that said, there's clearly a connection between he &Deshaun Watson.
IND Xavier Rhodes (30) CB $3.25M $6M The Colts took a flyer on Rhodes after he posted back to back tough seasons in Minnesota. It's paid off nicely, and a continued marriage between these two makes sense. Darius Leonard (25) also becomes extension eligible after 2020.
JAC Cam Robinson (24) OT $1.4M $11M Robinson has been consistently average in four years with the Jaguars. He projects to an extension literally half the cost of Laremy Tunsil's top tackle pay.
KC Tyrann Mathieu (28) FS $11.4M $12M Mathieu has 1 year $14.8M left on his current deal with the Chiefs, but carries a $19.7M cap figure for 2021. A restructured extension should be beneficial to both sides, guaranteed him about $30M while spreading out the cap charges.
LV Maurice Hurst (25) DT $750k $6M The former 5th round pick has been solid & improving each of this first 3 seasons. He's not a break the bank player, but his value to the team is worth a multi-year extension.
LAC Melvin Ingram (31) OLB $14M $12M He's still a heck of a player, but no longer the top option with Joey Bosa locked up for the foreseeable future. It's possible a Justin Houston type contract is his next move, taking a bit of a reduction to either stick with LA, or land with a contender.
LAR John Johnson  S $2.1M $8.5M Johnson has quietly been a gem in the secondary for the Rams over the past 3 1/2 seasons. The former 3rd round pick is inline for a nice raise, especially if he hits the open market.
MIA Ted Karras  OC $3M $10M Karras was brought over from New England to solidify the interior of the Miami line, and he's been an impact player. The center ceiling has soared of late, so keeping him around may be pricey.
MIN Brian O'Neill (24) RT $880k $7M The Vikings 2nd round pick a few years ago has progressed every year since, and becomes extension eligible for the first time this spring. His metrics don't jump off the page, but a Top 10 right tackle would mean nearly $8M per year.
NE David Andrews (28) OC $3M $7M A healthy Andrews means a better Patriots - it's that easy. Unfortunately with centers now paid $12M at the top, New England will need to at least double his current compensation. Cam Newton certainly has a chance to get himself in this conversation with a big finish.
NO Ryan Ramczyk (26) RT $1.6M $15M Ramcyzk has an $11M 5th year option in 2021, but the Saints need cap help & an extension here can lower that figure. He's been one of the best RTs in the game, valuing close to $16M
NYG Leonard Williams (26) DE $16M $12M

Not sure anyone has taken a bigger step forward than Williams has in this new Giants defense. He made outstanding money on the tag this year, but a long-term deal likely means less per year - more guaranteed. Dalvin Tomlinson  & Logan Ryan are definitely in the conversation here as well.

NYJ Marcus Maye (26) FS $1.3M $7.5M Maye has been above average for three years now, and one of the lone bright spots on the current Jets' roster. With the top safeties in the league earning almost $15M, a $7.5M valuation is merely a floor for his next contract.
PHI Brandon Graham (32) DE $11M $10M Even well into his 30s, Graham is grading out as a Top 10 edge defender in the game. He carries a $17M cap figure in 2021, so Philly could stand to restructure/extend him to help themselves, and keep him in the mix for another year or two.
PIT Cameron Sutton (25) CB $825k $7.5M The Steelers have a bounty of players on expiring contracts, but striking early with Sutton seems to make the most sense. Getting him under contract will allow Pittsburgh some leverage with other decisions (Joe Haden, Minkah Fitzpatrick). A lot will depend on what Ben Roethlisberger decides this spring.
SF Trent Williams (32) LT $12.5M $18M It seems like an absurd price for a 32 year old, but Williams has proven this year that he's still worth it. Oh and the left tackle market jumped up about $6M in the past few months. SF may be changing QBs in 2021, so locking in a sure-thing left tackle makes a ton of sense.
SEA Christopher Carson (25) RB $2.1M $7.5M Carson's biggest red flag is his ability to stay on the field - but what RB in the league doesn't have that going for them. The simple truth is that Russell Wilson's offense is better when Carson is in it. He comps almost identically to Todd Gurley's final two seasons in LA, so his $5.5M becomes Carson's floor. K.J. Wright is also in the conversation here, though upgrading the defense through the draft is likely a huge need for Seattle.
TB Lavonte David (30) LB $10.75M $13.5M I know, Bobby Wagner just scored $18M per year with almost identical comparables. But at some point, GMs are going to collectively admit that the non-pass rushing LB market is way too high. I'll bet on that being this year, and autocorrect the price point back to a modest raise with strong guarantees for David.
TEN Corey Davis (25) WR $4M $10M 6 months ago this would've seemed impossible, but Davis & Tannehill have clearly found something in the final year of his rookie contract. If Tennessee considers him a viable WR2 going forward, the $10M price tag seems about right.
WAS Chase Roullier (27) OC $2.1M $9.5M He's gotten better every year, & especially since veteran QB Alex Smith took over the reigns. It'll be difficult to pay both Roullier & OG Brandon Scherff this offseason, but there are worse ways to spend your money in the NFL.
Michael GinnittiDecember 02, 2020

The 2021 offseason could provide us with a bit of a carousel when it comes to the quarterback position. With a league salary cap sure to drop, more teams than usual will need to adjust their finances accordingly in order to stay afloat. We'll take an early look at which quarterbacks are heading into a situation where some level of question surrounding their immediate future exists, be it contractual, roster management, or the direction of a team in general.

 

Notable Pending Free Agents

 

Dak Prescott, DAL, 28
Prescott's injury puts his financial future is some question (but not much). It's widely expected that the Cowboys will slap a 2nd franchise tag ($37.7M) on him as a placeholder to getting a long-term deal done next offseason.

Philip Rivers, IND, 39
It's gone about as planned for Rivers in Indy, and it's hard to see either wanting to continue on past 2020. Indy should become a prime destination for one of the veterans listed below.

Cam Newton, NE, 32
It's been an up and down campaign for both Cam and the Patriots, but it does seems as though his window as a surefire srtarting QB in the NFL is closing. A big finish to 2020 can certainly change that narrative.

Ryan Fitzpatrick, MIA, 38
Fitz-Magic has been entertaining us on various teams for nearly two decades now, and he's been as savvy and fun as ever in 2020. There's a realistic chance Miami brings him back for 2021.

Jameis Winston, NO, 27
It's somewhat telling that Sean Payton pulled the plug on Winston in favor of Taysom Hill in 2020, but there's certainly still a reserve role with a chance to start in his future (somewhere).

Andy Dalton, DAL, 33
Dalton has struggled to take a hold of the Cowboys offense after being thrown into the fire post Dak's injury, but there should still be a backup role in his future come 2021.

Mitchell Trubisky, CHI, 27
Trubisky's time in Chicago is sure to be done, but he'll likely latch on somewhere to compete for a backup role (ala Ryan Tannehill to Tennesee).

Also: Jacoby Brissett, Tyrod Taylor, Colt McCoy, Robert Griffin III, Mike Glennon

 

Potential Contract/Roster Bubbles

 

Matt Ryan, ATL, 34

2021 Cap: $40,912,500
2021 Dead Cap: $49,937,500
Potential Savings: $1,050,000
$5.5M of 2021 salary is fully guaranteed

Ryan and the Falcons' offense have found new life in the Post-Dan Quinn era, but a new front office still could look to shake things up in 2021. It won't be fiscally easy.

While a release is out of the question, a post June 1st trade is somewhat tenable. The move would leave behind dead cap hits of $17.9M in 2021, & $26.5M in 2022, representing cap savings of $23M & $15.1M respectively. The receiving team would acquire Ryan at 3 years, $74.75M, including $23M in 2021, but just $5.5M fully guaranteed.

 

Teddy Bridgewater, CAR, 28

2021 Cap: $23,000,000
2021 Dead Cap: $20,000,000
Potential Savings: $18,000,00
$10M of 2021 salary is fully guaranteed

Bridgewater is the 19th highest average paid QB in football, and ranking statistically about the same. He's kept the Panthers in more games than not in 2020, but if Carolina gets an opportunity to draft his heir apparent, they'll likely do so.

$10M of his $17M salary for 2021 is already fully guaranteed, so it would be a $20M hit to release him outright. But it's conceivable that he's a good trade fit for a few teams looking to shake things up.

 

Nick Foles, CHI, 31

2021 Cap: $6,666,666
2021 Dead Cap: $14,333,334
Potential Savings: $-7,666,666
2021 salary, 2022 roster bonus, & $1M of 2022 salary fully guaranteed

With $9M of salary already guaranteed in 2021/2022, and team-friendly cap hits in each year, it seems unnecessary for the Bears to move on from Foles. However, if the organization goes through a full-service shakeup, everything will be on the table.

 

Matthew Stafford, DET, 32

2021 Cap: $34,950,000
2021 Dead Cap: $24,850,000
Potential Savings: $10,100,000
$10M roster bonus due the 5th league day of 2021

The Lions are going backwards in the standings, & Stafford's contract offers a few ways out after 2020. The $10M roster bonus due in early March will become a line in the sand for his future.

Detroit can either trade OR outright release Stafford prior to the bonus payment & take on the full $24.85M of dead cap next year, saving $10.1M of salary cap for the 2021 season. If traded, the acquiring team would take on 2 years, $43M, but all of it can be restructured as needed. It's tough to assess if a trade market would exist here, as teams could just wait for Detroit to release the 32 year old.

 

Aaron Rodgers, GB, 37

2021 Cap: $36,352,000
2021 Dead Cap: $31,556,000
Potential Savings: $4,796,000
$6.8M roster bonus due the 3rd league day of 2021

He's the #1 rated QB in football according to PFF, and has the Packers on pace for another 12-win season. It's ridiculous to have him on a bubble list, especially with so little to be saved in terms of cap space for the Packers.

However: Jordan Love was drafted #26 overall last season. Rodgers has $73M cash left on this contract, & will be 37 years old next season. With that said, the only way the Packers move on from A-Rod is if the future hall of famer demands out. Here's the best case scenario should that become the case...

Rodgers' agrees to push back the pay date of the $6.8M roster bonus to June Something, allowing that to not factor into the current dead cap situation, at which point Green Bay can trade him after June 1st, take on dead cap hits of $14.3M in 2021, & $17.2M in 2022 - clearing themselves $22M of cap space next season. The receiving team gets Rodgers at the 3 years, $73M - but will likely need to restructure in order to guarantee most (possibly all), as none of it will be at the time of this move.

 

Derek Carr, LV, 29

2021 Cap: $22,125,000
2021 Dead Cap: $2,500,000
Potential Savings: $19,625,000

At the time of this piece, Carr is the #13 rated QB according to PFF, and he's garnered a few pretty solid wins in 2020 as well. But the inconsistency still remains, and with his contract now rightside up in terms of dead cap, the possibility that the Raiders look elsewhere certainly exists.

None of Carr's $19.625M salary will guarantee until the start of the season. It's perfectly plausible that Las Vegas addresses the position in the draft, and keeps Carr in the fold for one more season - a model we've seen a few franchises follow in recent years.

 

Kirk Cousins, MIN, 32

2021 Cap: $31,000,000
2021 Dead Cap: $41,000,000
Potential Savings: $-10,000,000
$35M 2022 salary fully guarantees on the 3rd league day of 2021

Let's get this out of the way early: Cousins isn't going anywhere unless he's traded, and based on the numbers that seems highly unlikely. But with Minnesota in danger of missing the playoffs, it's fair to put him in conversation for being on the bubble for 2021.

The 2 year extension signed this past March wasn't fully guaranteed at signing, but it becomes as such next March, making an outright release nearly impossible for the Vikings. By the 4th league day, Cousins will hold $76M of dead cap on his contract.

 

Drew Brees, NO, 41

2021 Cap: $36,150,000
2021 Dead Cap: $22,650,000
Potential Savings: $25,000,000

Is the Tayson Hill era here to stay? Brees' sizeable rib injury (age & remaining ability) puts his future in doubt. While it's likely he returns to the lineup if healthy, the outlook for 2021 is very much unknown, and the extremely cap-heavy Saints would benefit from the $25M to be cleared per his departure.

His current deal contains two years of dummy years used only to help spread the bonus out for cap purposes. If he stays on the books through June 1st before retiring, the Saints can release him with dead cap hits of $11.15M in 2021, & $11.5M in 2022, clearing $25M for next season.

 

Carson Wentz, PHI, 27

2021 Cap: $34,673,536
2021 Dead Cap: $59,220,614
Potential Savings: $15,400,000
$10M roster bonus due the 3rd league day of 2021

Carson Wentz's future in Philly seems to be tumbling down the backside of a cliff at this point, a tough pill to swallow after having paid him $56M+ in 2020. None of the get-out options are pretty for Philly, but if they can find a trade parter (Indy), they should jump on the opportunity.

The elephant in the room this offseason will be the $10M roster bonus due in early March. If the Eagles can negotiate pushing back the payment date to June, that would certainly help their cause (but hurt their trade value).

Assuming they won't be able to get that done, best move (believe it or not) will be to make the bonus payment, then process a Post June 1st trade that includes $19.2M of dead cap for 2021, & another $24.5M in 2022, clearing $15.4M & $6.7M of cap space over the next two seasons respectively. It should be noted that with the 2021 salary & roster bonus already fully guaranteed, & $15M of his 2022 salary guaranteeing on the 3rd league day of 2021 - an outright release is not feasible.

 

Ben Roethlisberger, PIT, 38

2021 Cap: $41,250,000
2021 Dead Cap: $22,250,000
Potential Savings: $19,000,000
$15M roster bonus due the 3rd league day.

While the advanced metrics aren't grading out well, Big Ben's bounced back enough in 2020 to push the Steelers to the top of the league where it matters most. His pre-roster bonus release, trade, or retirement would clear $19M of cap & cash for Pittsburgh in 2021.

If Ben wants to continue playing, the $41M+ cap figure likely means a restructured/extension is in his future. $22.25M of dead cap rolls into the new deal, meaning

 

Jimmy Garoppolo, SF, 29

2021 Cap: $26,400,000
2021 Dead Cap: $2,800,000
Potential Savings: $23,600,000

With a completion percentage down, an interception rate up, and a season-ending ankle injury to boot in 2020, the writing is likely on the wall for a departure this offseason. Unfortunately for Garoppolo, the contract makes it pretty easy to comply.

The 49ers will take on just a $2.8M dead cap hit to release or trade Jimmy next year, saving over $23M of cap space to do so.

 

Dwayne Haskins, WAS, 23

2021 Cap: $3,931,803
2021 Dead Cap: $8,518,907
Potential Savings: $1,805,601

The Haskins' era in Washington barely got off the ground, and it looks more and more likely that he'll be shipped out one way or another this offseason.

The only way for WFT to do this AND clear cap space is to trade Haskins after June 1st, a move that will same them $4.26M cash, & $1.8M of 2021 cap. This seems a likely end game.

 

Alex Smith, WAS, 36

2021 Cap: $24,400,000
2021 Dead Cap: $10,800,000
Potential Savings: $19,000,000

Now that he's taking the reins back over, the future of ALL QBs in Washington remain in question. If Smith can hold the ship steady through the remainder of 2020, it's gong to be hard to imagine the WFT moving on.

While there's been talk about him "restructuring", the remaining 2 years, $40M kind of feels correct, assuming the organization is likely going to dip back into the draft to find another QB over the next two seasons. If however the team decides to bring in another arm (Stafford, Bridgewater, etc...) a post June 1st release of Smith would clear $19M of cap for 2021.

Michael GinnittiOctober 25, 2020

Julio Jones (WR, ATL)

Age: 31
(UPDATE: Atlanta has ruled out this move) The biggest name on the hypothetical trade block will have $5.9M remaining on his 2020 salary at the deadline, then 3 years, $38M thereafter (fully guaranteed through 2021). His move would leave behind dead cap hits of $11.48M in 2020 & $23.25M in 2021 (a loss of $200,000).

 

James Carpenter (OG, ATL)

Age: 31
Carpenter is in year two of a 4 year $21M contract, but could be on the move this week as the Falcons continue to shuffle pieces and clear cap. He holds $2.11M remaining in 2020, then non-guaranteed salaries of $5.25M & $6.25M through 2022. His trade would leave behind dead cap hits to the Falcons of $3M in 2020, & $2.4M in 2021 ($4M saved).

 

Takkarist McKinley (DE, ATL)

Age: 24
The Faclons declined McKinley's 5th year option for 2021, so he's operating on an expiring contract that holds just $983k remaining in 2020. It's a buy low opportunity for contenders looking to shore up depth on their D-Line heading toward the postseason. A trade would leave behind $2.26M of dead cap to the Falcons.

 

Alex Mack (OC, ATL)

Age: 34 (35 in 3 weeks)
Mack has been consistent & reliable during his tenure in Atlanta, but age + a team going backwards is always a recipe for change. Mack will have $4.2M remaining on his contract at the deadline, leaving behind $6.3M of dead cap to the Falcons if moved.

 

Trent Murphy (DE, BUF)

Age: 29
Murphy was a release candidate this past summer, and with his role largely reduced now, must be a trade candidate as well. He holds $3.65M remaining in 2020 at the deadline, set to leave behind $5.62M of dead cap to the Bills per a trade.

 

Curtis Samuel (WR, CAR)

Age: 24
Samuel will have $645k remaining on his 2020 salary at the deadline, the final year of his rookie contract in Carolina. His move would leave behind $1.4M of dead cap to the Panthers, would may be unwilling to extend the young receiver with plenty of defensive holes to fill next offseason.

 

David Njoku (TE, CLE)

Age: 24
Njoku will have $933k remaining on his 2020 salary, then a $6M option for 2021 that’s currently guaranteed for injury only. A move out of Cleveland would leave behind $2.09M of dead cap in 2020.

 

A.J. Green (WR, CIN)

Age: 32
Green will have $9.5M remaining on his franchise tag at the deadline, and just doesn’t seem to have a good fit in the current Cincy offense. While health remains an issue, his experience will be tempting to contenders down the stretch. A move will leave behind $8.65M of dead cap to the Bengals.

 

Carlos Dunlap (DE, CIN)

Age: 31
(UPDATE: Dunlap was traded to Seattle) Dunlap has been rumored to be on the move a few offseasons now, and this trade deadline might actually see it come to fruition. He'll have $4.37M remaining on his 2020 salary at the deadline, then a non-guaranteed $11.25M for 2021. The Bengals would take on dead cap hits of $6.42M in 2020, & $2.25M in 2021 ($11.25M saved).

 

Dontari Poe (DT, DAL)

Age: 30
(UPDATE: Poe has been released) A move at the deadline would bring salaries of $2M in 2020, $4M in 2021, though none of the latter is guaranteed. The Cowboys would take on dead cap hits of $2.12M in 2020, $750,000 in 2021 ($4M saved).

 

DeMarcus Lawrence (DE, DAL)

Age: 28
Extended just last year, Lawrence hasn’t held up his end of the bargain to date. With Dallas going the wrong way currently, and the payroll only increasing, it seems likely that one of the bigger chips will fall at some point. Lawrence will have $1M remaining on his 2020 salary at the deadline, and a fully guaranteed $17M in 2021, with a veritable 2 year, $40M option thereafter. His move would leave behind $8.9M of 2020 dead cap, plus another $27M in 2021 (a loss of $2M).

 

Justin Simmons (S, DEN)

Age: 26
Simmons and the Broncos weren't close in contract negotiations this summer, & if a reunion isn't likely for 2021, getting an asset now makes sense. He'll have $6M of his franchise tag left to go this week, leaving behind $5.38M of dead cap to the Broncos.

 

Kerryon Johnson (RB, DET)

Age: 23
Johnson’s in a big time committee role in Detroit, so it’s possible teams inquire on the cost-controlled youngster. He’ll have $567k left on his 2020 salary at the deadline, plus a non-guaranteed $1.3M in 2021. A move would leave behind dead cap hits of $1.2M in 2020 & $702k in 2021 to the Lions.

 

Marvin Jones (WR, DET)

Age: 30
Jones will have $3.4M remaining in the final year of his contract with the Lions at the deadline. A move would leave behind $5.74M of dead cap to Detroit.

 

Montravious Adams (DT, GB)

Age: 25
Adams is in the final year of his rookie contract & has never really found his footing on the GB D-Line. He comes with a very afforadble $436k price tag for the remainder of 2020, and would leave behind $589k of dead cap to Green Bay.

 

Brandin Cooks (WR, HOU)

Age: 27
Cooks will have $4.2M remaining on his 2020 salary at the deadline, then a non-guaranteed 3 year, $39M contract thereafter. The Texans would take on a $3.7M dead cap hit in 2020, clearing the rest from their books.

 

Duke Johnson (RB, HOU)

Age: 27
Johnson will have $2.13M remaining in 2020 salary & per-game active bonuses at the deadline. He holds a non-guaranteed $5.15M cash/cap for 2021 that seems unlikely wherever you ends up. A trade would leave behind $2M of dead cap to the Texans in 2020.

 

J.J. Watt (DE, HOU)

Age: 31
Watt is on the wrong side of 30, and injuries have been a factor in recent years, but the bigger red flag to seeing a trade out of Houston this week lies in his high price tag. Watt has $8.2M left on his 2020 salary, then a non-guaranteed $17.5M in 2021. His trade would leave behind $7.29M of dead cap to the Texans.

 

Desmond King (CB, LAC)

Age: 25
King is in the final year of his rookie contract, with about $1.13M left on the 2020 salary. He's a solid upgrade for fringe contenders such as Arizona or Buffalo, and his trade would leave behind $1.07M of dead cap to the Chargers.

 

Jordan Howard (RB, MIA)

Age: 25
Howard has barely found the field after signing a 2 year, $9.75M free agent contract this offseason. His trade would leave behind $3.8M of dead cap to the Dolphins, bringing salaries of $926k & $5M (non-guaranteed) with him to a new team.

 

Xavien Howard (CB, MIA)

Age: 27
The Dolphins would be moving a big contract in trading Howard this week as his deal will hold $55.6M remaining at the deadline. A move would bring along cap & cash hits of $6.3M in 2020 & $12.1M in 2021, then $12.9M, $12M, & $12.25M respectively through 2024. Miami would take on dead cap hits of $7M in 2020, & $6.7M in 2021 ($6.8M saved).

 

Ryan Fitzpatrick (QB, MIA)

Age: 37
The Dolphins are squarely in the conversation for the AFC East, so it's not likely they punt on their QB safety valve, but there are a few teams that could stand to upgrade this position, and Fitzpatrick, quite frankly, deserves the opportunity to be playing right now. He'd bring along a fully guaranteed $4.2M with him to a new team, leaving behind $3.76M of dead cap to Miami.

 

Riley Reiff (OT, MIN)

Age: 31 (32 in a month)
Reiff will have $3.12M remaining on is 2020 salary at the deadline, then a non-guaranteed (and highly unlikely) $11.75M in 2021. His move would leave behind dead cap hits of $5M in 2020, & $2.2M in 2021.

 

Kyle Rudolph (TE, MIN)

Age: 30
Rudolph restructured to stick around the past few seasons, but a downward spiral for the Vikings could mean an exit now. Rudolph will have $3.7M remaining on his 2020 salary, then a non-guaranteed 3 years, $27M thereafter. The Vikings would take on dead cap hits of $5.1M in 2020, & $4.35M in 2021 ($5.1M saved).

 

Anthony Harris (S, MIN)

Age: 29
Harris will have $6M of his 2020 franchise tag remaining at the deadline, leaving behind $5.4M to the Vikings should he be moved.

 

Adam Thielen (WR, MIN)

Age: 30
(UPDATE: The Vikings have ruled out this move) An unlikely candidate (but certain to draw interest anyway), Thielen will have $2.6M remaining at the deadline in 2020, then 4 years, $52.5M left thereafter. His trade would leave behind $10M of dead cap to the Vikings in 2020, & another $5.4M in 2021 ($8.1M saved).

 

Kirk Cousins (QB, MIN)

Age: 32
While highly unlikely, no Vikings player is safe right now. Cousins will have $5M left in 2020 at the deadline, then a fully guaranteed $21M in 2021, & a $35M salary in 2022 that fully guarantees next March. His trade this week would leave behind dead cap hits of $15.9M in 2020, & $20M in 2021 ($11M saved).

 

Stephon Gilmore (CB, NE)

Age: 30
There were rumors that Gilmore was on the block this offseason, so if the Patriots falter over the next few weeks, his name could pop back up in conversations. Gilmore will have $8.13M remaining at the deadline, with a ridiculously small $7.5M to be made in 2021, so a trade now almost certainly means an extension this spring. A move would leave behind $7.3M of dead cap in 2020, plus another $7.6M in 2021 ($9.5M savings).

 

Sony Michel (RB, NE)

Age: 25
Michel has found himself on the IR & the COVID list in 2020, but he also posted one of his better performances as a pro as well. It seems unlikely there’s a long-term marriage between he and the Patriots, so a move at some point seems imminent. Michel will hold a $717k salary at the deadline, plus a mostly guaranteed $1.8M price tag in 2021. His move would leave behind dead cap hits of $1.9M in 2020 & another $1.27M in 2021.

 

Joe Thuney (OG, NE)

Age: 27
Thuney was surprisingly tagged this season, & there's not a clear path to a long-term extension for him in New England going forward. He holds $7.82M salary at the deadline, & a trade would leave behind $6.95M of dead cap to the Patriots.

 

Michael Thomas (WR, NO)

Age: 27
Maybe the most unlikely name on this list, but a rocky 2020 at least puts him in the conversation. Thomas will have just $529k remaining on his 2020 salary at the deadline, plus a mostly guaranteed $12.6 salary for 2021. After that, his $15.35M salary in 2022 is guaranteed for injury now, but doesn’t fully lock in until March of 2022. A trade this month leaves behind $6.47M of dead cap to the Saints in 2020, and another $20M in 2021 (loss of $1.2M).

 

Evan Engram (TE, NYG)

Age: 26
Engram would be a $1.02M fully guaranteed salary with him to a new team at the deadline, plus a $6M salary in 2021, currently guaranteed for injury only. The Giants would take on a $2.39M dead cap hit in 2020.

 

Golden Tate (WR, NYG)

Age: 32
Tate will have $4.2M left on his 2020 salary at the deadline, then 2 years, $14.5 million, non-guaranteed, thereafter. The Giants would take on dead cap hits of $6.1M this year, & $4.7M next year ($6.4M saved in 2021).

 

Dalvin Tomlinson (DT, NYG)

Age: 26
Tomlinson will have $576k remaining on his contract at the deadline, in the final year of his rookie contract. The Giants would take on an $878k dead cap hit per the move.

 

George Fant (OT, NYJ)

Age: 28
Fant holds $2.6M remaining on his 2020 salary, then hits of $8.4M & $9.65M over the next two seasons respectively. His trade would leave behind $4.6M of dead cap to the Jets.

 

Quinnen Williams (DT, NYJ)

Age: 22
UPDATE (The Jets have ruled out this move) A trade of Williams after moving on from Jamal Adams would be a full defensive tear down, as the young, talented lineman is in just year two of his rookie contract. He'll hold just $357k at the deadline, with a fully guaranteed $3.6M & $5.1M respectively through 2022 thereafter. The Jets would take on dead cap hits of $7.1M in 2020, & $10M in 2021 (a loss of $1M). This one seems unlikely for a lot of reasons.

 

Alshon Jeffery (WR, PHI)

Age: 30
The oft-injured wideout has been a financial sore for the Eagles the past few seasons, and his time in Philly may soon be coming to an end. Jeffery will have $5.24M left on his 2020 salary, then a non-guaranteed $13M in 2021. The Eagles would take on dead cap hits of $10.15M in 2020, & $10.6M in 2021 ($7.8M saved).

 

Malik Jackson (DT, PHI)

Age: 30
The Eagles need to be considering shedding cap while maintaining a serviceable team for their unimpressive NFC East run. Philly has depth on the D-Line, so grabbing a draft asset to clear Jackson off of the 2021 books makes sense. He has just $555k remaining in 2020, then a non-guaranteed $9M in 2021. His trade would leave behind dead cap hits to the Eagles of $4.1M in 2020, & $12.6M in 2021 ($1M saved).

 

Jacob Hollister (TE, SEA)

Age: 26
Hollister has $1.7M left on his restricted tender salary and is scheduled to become a free agent after 2020. His price tag is a little more costly than Engram or Njoku, but the trade price will likely be much less. His move would leave behind $1.5M of dead cap to the Seahawks.

 

Dante Pettis (WR, SF)

Age: 25
Pettis has never found his footing in Kyle Shanahan’s offense, and his controlled cost could be attractive to teams in need of WR depth. He’ll hold a $562k salary at the deadline, with a non-guaranteed $1.35M scheduled for 2021. His trade would leave behind $1.1M of dead cap to the 49ers in 2020, & $683k in 2021.

 

Ryan Anderson, (LB, WAS)

Age: 26
Anderson holds just $630k left on his rookie contract in Washington, who would take on a $1.06M dead cap hit to move on from the expiring edge defender.

 

Ryan Kerrigan, (DE, WAS)

Age: 32
(UPDATE: The WFT has ruled out this move) The long-time Washington DE will have $6.2M left on his expiring contract at the deadline. The WFT will take on a $5.47M dead cap hit to move on, though moving Ryan Anderson seems more likely at this point.

Michael GinnittiSeptember 14, 2020

As expected the cornerback market was reset this month with the multi-year extensions for Tre’Davious White (BUF) & Jalen Ramsey (LAR). We’ll take a close look at these deals, understanding just how much separation exists between the two deals, signed almost simultaneously.

Jalen Ramsey’s 5 year $100M extension

  • Total Value: $100M (1st)
  • AAV: $20M (1st)
  • AAV % of Cap: 10% (1st)
  • 1-Year 1 Cash: $26.2M (1st)
  • 2-Year Cash: $43.7M (1st)
  • 3-Year Cash: $58.7M (1st)
  • 4-Year Cash: $75.7M (1st)
  • Guarantee at Signing: $43.7M (2nd)
  • Practical Guarantees: $71.2M (1st)
  • Signing Bonus: $25M (1st)

Often times blockbuster extensions lose substance as we dig deeper into the details. That’s just simply not the case here for Ramsey’s contract, which ranks first in all categories with the exception of the upfront guarantees. However the $43.7M guaranteed immediately is a bit deceiving, as Ramsey has “guarantee mechanisms” built into both his 2022 & 2023 salaries, meaning they will become fully guaranteed a year early, making them almost certain to vest. By March of 2022, all $75.7M will have been paid or fully guaranteed.

Potential Out
In short, this is a 4 year, $75.7M contract before the guarantees run out, an adjusted AAV of nearly $19M - still tops in the league by a whopping $2M.

Cap Management
The new deal drops Ramsey’s 2020 cap figure from $13.7M, to $6.2M, a savings of $7.5M to the Rams this season. This figure jumps to $22.5M in 2021, but the Rams almost CERTAINLY built in an automatic restructure that will convert $16M or so of his base salary into a signing bonus, dropping his cap hit next year to around $9.3M. In other words, the cap space saved in 2020 will rollover and nearly pay off all of his 2021 cap figure - a veritable wash for the first two seasons.

With the restructure, Ramsey will carry cap figures of $23M, $25M, $26M & $22M the rest of the way. Assuming the league salary cap bounces back by 2022, these should be tenable for the Rams.

Cash Flow
Byron Jones’ free agent deal with the Dolphins offers the next best cash flow to Jalen Ramseys, but in truth it pales in comparison.

Year 1: Jones, $26M; Ramsey, $26.2M
Year 2: Jones, $40M; Ramsey, $43.7M
Year 3: Jones, $54.3M; Ramsey, $58.7M
Year 4: Jones, $68.4M; Ramsey, $75.7M

 

Tre’Davious White’s 4 year $69M extension

  • Total Value: $69M (5th
  • AAV: $17.25M (2nd)
  • AAV % of Cap: 8.7% (3rd)
  • 1-Year 1 Cash: $18.75M (6th)
  • 2-Year Cash: $37M (3rd)
  • 3-Year Cash: $48M (3rd)
  • 4-Year Cash: $58.1M (4th)
  • Guarantee at Signing: $36.7M (3rd)
  • Practical Guarantees: $55.25M (2nd)
  • Signing Bonus: $10.5M (11th)

The most important point to remember here is that Tre’Davious White had two years remaining on his rookie contract with the Bills at the time of this signing ($12M cash), so it wasn’t imperative that Buffalo structure his cash flow as aggressively as the Rams did with Ramsey. With that said, the proof is in the above rankings.

Potential Out
White will see 3 years $48M from this deal before a rolling guarantee on his 2023 salary becomes an essential option for the Bills. Assuming he sticks on this contract through that point, he’ll see $58.15M over the next 4 seasons, an adjusted AAV of $14.5M - $4.5M less than Ramsey’s.

Cap Management
The Bills were in a much better place financially speaking than the Rams were at the time of this contract, but all teams are looking to reduce their cap allocations over the next two seasons for obvious reasons. A looming potential extension for QB Josh Allen next summer was also a consideration for his White’s deal is structured.

Tre’Davious White’s cap figure rose $8.5M in 2020, & $3.75M in 2021. The Bills utilizing a double bonus system to keep the initial cap figures much lower than that of Jalen Ramsey’s, paying out a $10.5M signing bonus this year, & a $7.5M bonus in 2021. His cap figures post as $11.7M, $14M, $14.6M, $13.75M, $14M, & $14M - team friendly to stay the least.

It’s also possible Buffalo frees up a bit more space with a restructure of White’s $10.45M base salary next season. A full restructure would free up an additional $7.5M of cap space for the 2021 season.

Cash Flow
White’s contract also contains more “bells and whistles” than Ramseys, including per game active bonuses of $250,000 the final four seasons, and a $300,000 workout bonus the rest of the way. Small, incremental March roster bonuses are built into 2022-2025 as well, offering a bit of a staggered cash approach for the player.

 

Concluding Thoughts

When Jalen Ramsey’s deal was announced, it was clear as day that Tre’Davious White’s contract wasn’t in the same stratosphere. However, with the details now laid out in front of us, it’s clear that White’s deal isn’t even 2ND amongst his position in many of the major categories. Buffalo scored a fairly team-friendly deal from their All-Pro DB.

In terms of Ramsey, did the Rams reach too high? As many have noted, the trade compensation that brought Jalen to LA (two first round picks & a 4th round pick) immediately pushed his contract demands to a new level. Subsequently, the WR market continued to rise this summer, with DeAndre Hopkins, Keenan Allen, & Amari Cooper eclipsing the $20M mark. The cornerback market has long been trying to keep up with the rise of the WR numbers, so the push to $20M was always in play here, and Ramsey’s base value reaches that plateau exactly.

Who benefits next? The player most likely to see a financial gain isn’t even a cornerback. Newly acquired Seahawks safety Jamal Adams now sits as the next player to be traded for two first rounds picks (plus a 3rd, & a player) with his eyes on a sophomore contract extension. The current high bar at safety is Budda Baker’s new $14.75M mark, a figure Adams should easily surpass in a year or so (his contract will not be addressed until after the 2020 season per terms of the trade).

Michael GinnittiSeptember 10, 2020

Michael GinnittiJuly 13, 2020
Michael GinnittiJune 29, 2020

In a year that many would like to forget, the NFL has pushed ahead, seemingly business as usual, providing an offseason full of storylines, thanks to a number of high profile trades, big money extensions, & a carousel of QB movement. We've identified the biggest moves for each teams thus far.

Keep the conversation going @spotrac

 

Arizona Cardinals

Acqurired WR DeAndre Hopkins & a 4th round pick for RB David Johnson, a 2nd & 4th round pick; extended OT DJ Humphries (3 yrs, $44M)

Atlanta Falcons

Acquired TE Hayden Hurst & a 4th round pick from the Ravens for a 2nd & 5th round pick, acquired DE Charles Harris from the Dolphins for a 7th round pick, signed RB Todd Gurley (1 yr $5.5M), signed DE Dante Fowler Jr. (3 yrs, $45M)

Baltimore Ravens

Acquired DE Calais Campbell from the Jaguars for a 5th round pick, extending him 2 yrs, $25M; drafted RB JK Dobbins #55 overall

Buffalo Bills

Acquired WR Stefon Diggs & a 7th round pick from the Vikings for 1st round, 4th round, 5th round, & 6th round pick, extended S Jordan Poyer (2 yrs, $19.5M), signed DE Mario Addision (3 yrs, $30M)

Carolina Panthers

Signed QB Teddy Bridgewater (3 yr, $63M), released QB Cam Newton, extended RB Christian McCaffrey (4 yr, $64M)

Chicago Bears

Acquired QB Nick Foles from the Jaguars for a 4th round pick, signed OLB Robert Quinn (5 yr, $70M), extended S Eddie Jackson (4 yrs, $58M)

Cincinnati Bengals

Selected QB Joe Burrow #1 overall, signed DT DJ Reader (4 yrs, $53M), released QB Andy Dalton

Cleveland Browns

Signed TE Austin Hooper (4 yrs, $42M), signed OT Jack Conklin (3 yrs, $42M)

Dallas Cowboys

Signed WR Amari Cooper (5 yrs, $100M), tagged QB Dak Prescott ($31M), signed Andy Dalton ($3M)

Denver Broncos

Acquired CB AJ Bouye from the Jaguars, acquired DT Jurell Casey from the Titans for a 7th round pick, released QB Joe Flacco, signed OG Graham Glasgow (4 yrs, $44M), signed RB Melvin Gordon (2 yrs, $16M)

Detroit Lions

Acquired S Duron Harmon & a 7th round pick from the Patriots for a 5th round pick, traded Darius Slay to Philly

Green Bay Packers

Extended K Mason Crosby (3 yrs, $13M), released TE Jimmy Graham, drafted QB Jordan Love #26 overall

Houston Texans

Acquired RB David Johnson from the Cardinals, WR Brandin Cooks from the Rams, extended OT Laremy Tunsil (3 yrs, $66M)

Indianapolis Colts

Signed Philip Rivers (1 yr, $25M), extended OT Anthony Castonzo (2 yrs, $33M), acquired DT DeForest Buckner from the 49ers for a 1st round pick, signed him to a 4 yr, $84M extension

Jacksonville Jaguars

Traded CB AJ Bouye to the Broncos for a 4th rond pick, DE Calais Campbell to the Ravens for a 5th rond pick, QB Nick Foles to the Bears for a 4th round pick

Kansas City Chiefs

Tagged DT Chris Jones ($16M), re-signed WR Sammy Watkins ($9M), drafted Clyde Edwards-Helaire #32 overall

Las Vegas Raiders

Signed QB Marcus Mariota (2 yrs, $17M), signed LB Cory Littleton (3 yrs, $35.25M), drafted WR Henry Ruggs #12 overall

Los Angeles Chargers

Extended RB Austin Ekeler (4 yrs, $24.5M), acquired OG Trai Turner from the Panthers for OT Russell Okung, drafted QB Justin Herbert #6 overall

Los Angeles Rams

Re-signed OT Andrew Whitworth (3 yrs, $30M), released RB Todd Gurley, traded WR Brandin Cooks to the Texans for a 2nd round pick

Miami Dolphins

Signed CB Byron Jones (5 yrs, $82.5M), signed LB Kyle Van Noy (4 yrs, $51M), acquired RB Matt Breida from the 49ers for a 5th round pick, drafted QB Tua Tagovailoa #5 overall

Minnesota Vikings

Traded WR Stefon Diggs to the Bills with a 7th round pick for a 1st round, 4th round 5th round & 6th round pick, extended QB Kirk Cousins (2 yrs, $66M)

New England Patriots

Extended S Devin McCourty (2 yrs, $23M), traded TE Rob Gronkowski to the Buccaneers for a 4th round pick, signed QB Cam Newton (1 yr, $1M)

New Orleans Saints

Re-signed QB Drew Brees (2 yrs, $50M), re-signed QB Taysom Hill (1 yr, $16M), signed WR Emmanuel Sanders (2 yrs, $24M), signed QB Jameis Winston (1 yr, $1.1M)

New York Giants

Signed CB James Bradberry (3 yr, $43M), tagged DE Leonard Williams ($16M)

New York Jets

Extended OG Alex Lewis (3 yrs, $18.6M), signed OT George Fant (3 yrs, $30M), signed QB Joe Flacco (1 yr, $1.5M)

Philadelphia Eagles

Acquired CB Darius Slay from the Lions for a 3rd & 5th round pick, extended him 3 yrs, $50M, acquired WR Marquise Goodwin & a 6th round pick from the 49ers for a 6th round pick, signed DT Javon Hargrave (3 yrs, 39M), drafted QB Jalen Hurts #53 overall

Pittsburgh Steelers

Acquired DT Chris Wormley & a 7th round pick from the Ravens for a 5th round pick, signed TE Eric Ebron (2 yrs, $12M)

San Francisco 49ers

Extended DE Arik Armstead (5 yrs, $85M), traded DT DeForest Buckner to the Colts for a 1st round pick, traded RB Matt Breida to the Dolphins for a 5th round pick, traded WR Marquise Goodwin & a 6th round pick to the Eagles for a 6th round pick, acquired OT Trent Williams from the Redskins for a 3rd & 5th round pick

Seattle Seahawks

Extended DT Jarran Reed (2 yrs, $23M), acquired CB Quinton Dunbar from the Redskins for a 5th round pick, signed TE Greg Olsen (1 yr, $7M)

Tampa Bay Buccaneers

Signed QB Tom Brady (2 yrs, $50M), acquired TE Rob Gronkowski & a 7th round pick from the Patriots for a 4th round pick, extended DE Jason Pierre-Paul (2 yrs, $25M)

Tennessee Titans

Traded DT Jurrell Casey to the Broncos for a 7th round pick, signed QB Ryan Tannehill (4 yrs, $118M), tagged RB Derrick Henry ($10.5M)

Washington Redskins

Traded OT Trent Williams to the 49ers for a 3rd & 5th round pick, traded CB Quinton Dunbar to the Seahawks for a 5th round pick, acquired QB Kyle Allen from the Panthers for a 5th round pick, tagged OG Brandon Scherff ($15M)

Keep the conversation going @spotrac

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Michael GinnittiJune 19, 2020

We talk often about which NFL players are paid the most within their respective position group, but we don't mention regularly where they started from to get there. Does it matter? Our look into the draft statuses for where the top paid players at each positon group came from. Keep up with the conversation @spotrac.

Quarterbacks
  Player Team Current AAV Draft Round Draft Pick
1 SEA $35,000,000 3 75
2 PIT $34,000,000 1 11
3 GB $33,500,000 1 24
4 LAR $33,500,000 1 1
5 MIN $33,000,000 4 102
6 PHI $32,000,000 1 2
7 DAL $31,409,000 4 135
8 ATL $30,000,000 1 3
9 TEN $29,500,000 1 8
10 SF $27,500,000 2 62
11 DET $27,000,000 1 1
12 LVR $25,000,000 2 36
13 TB $25,000,000 6 199
14 NO $25,000,000 2 32
15 IND $25,000,000 1 4
16 WAS $23,500,000 1 1
17 CAR $21,000,000 1 32
18 NO $16,300,000 - -
19 IND $15,000,000 3 91
20 LVR $8,800,000 1 2
21 ARI $8,789,661 1 1
22 CLE $8,170,745 1 1
23 CHI $8,000,000 3 88
24 MIA $7,568,860 1 5
25 NYJ $7,561,929 1 3
Running Backs
  Player Team Current AAV Draft Round Draft Pick
1 CAR $16,015,875 1 8
2 DAL $15,000,000 1 4
3 NYJ $13,125,000 2 48
4 HOU $13,000,000 3 86
5 TEN $10,278,000 2 45
6 ARI $8,483,000 3 73
7 DEN $8,000,000 1 15
8 NYG $7,798,688 1 2
9 JAC $6,787,711 1 4
10 LAC $6,125,000 - -
11 ATL $5,500,000 1 10
12 HOU $5,203,333 3 77
13 BAL $5,000,000 1 28
14 MIA $4,875,000 5 150
15 CIN $4,850,000 2 37
16 SF $4,250,000 3 73
17 NE $4,000,000 4 130
18 NO $3,600,000 6 181
19 LVR $3,500,000 - -
20 MIA $3,259,000 - -
21 CLE $3,259,000 3 86
22 NE $3,250,000 6 190
23 CAR $3,000,000 4 126
24 LVR $2,983,350 1 24
25 SF $2,900,000 - -
Wide Receivers
  Player Team Current AAV Draft Round Draft Pick
1 ATL $22,000,000 1 6
2 DAL $20,000,000 1 4
3 NO $19,250,000 2 47
4 KC $18,000,000 5 165
5 CLE $18,000,000 1 12
6 CIN $17,865,000 1 4
7 TB $16,500,000 1 7
8 ARI $16,200,000 1 27
9 HOU $16,200,000 1 20
10 MIN $16,050,000 - -
11 CLE $15,100,000 2 63
12 GB $14,500,000 2 53
13 BUF $14,400,000 5 146
14 CHI $14,000,000 2 61
15 IND $13,000,000 3 92
16 PHI $13,000,000 2 45
17 NO $12,000,000 3 82
18 ARI $11,500,000 1 3
19 LAC $11,250,000 3 76
20 LVR $11,075,000 - -
21 CIN $10,750,000 2 55
22 SEA $10,250,000 3 69
23 NYG $10,250,000 2 40
24 CAR $10,000,000 - -
25 NYJ $9,500,000 4 105
Tight Ends
  Player Team Current AAV Draft Round Draft Pick
1 LAC $10,607,000 2 35
2 CLE $10,500,000 3 81
3 KC $9,368,400 3 63
4 TB $9,000,000 2 42
5 MIN $9,000,000 2 43
6 PHI $8,500,000 2 35
7 CHI $8,000,000 3 95
8 NO $7,500,000 3 89
9 LVR $7,450,000 6 204
10 LAR $7,250,000 4 110
11 IND $7,100,000 - -
12 SEA $7,000,000 1 31
13 TB $6,800,000 - -
14 PIT $6,550,000 2 55
15 BUF $6,250,000 3 85
16 CIN $6,100,000 5 157
17 PIT $6,000,000 1 10
18 BAL $6,000,000 5 171
19 DET $5,650,000 5 160
20 DAL $5,500,000 - -
21 DET $4,955,306 1 8
22 JAC $4,750,000 1 21
23 LVR $4,000,000 3 69
24 DEN $4,000,000 3 92
25 NYJ $3,600,000 6 201
Left Tackles
  Player Team Current AAV Draft Round Draft Pick
1 HOU $22,000,000 1 13
2 IND $16,500,000 1 22
3 TEN $16,000,000 1 11
4 NYG $15,500,000 1 17
5 ARI $14,583,333 1 24
6 ATL $14,500,000 1 6
7 TB $13,750,000 2 34
8 SF $13,600,000 1 4
9 CAR $13,250,000 1 6
10 NO $13,000,000 3 75
11 DAL $12,200,000 1 9
12 GB $12,000,000 4 109
13 KC $12,000,000 1 1
14 MIN $11,750,000 1 23
15 SEA $11,500,000 1 26
16 LAR $10,000,026 2 55
17 LAC $10,000,000 1 23
18 CHI $9,250,000 7 246
19 NYJ $9,100,000 - -
20 CLE $7,300,000 - -
21 PIT $6,000,000 - -
22 BAL $5,121,083 1 6
23 BUF $5,000,000 - -
24 CIN $4,407,542 1 11
25 MIA $3,410,086 1 18
Right Tackles
  Player Team Current AAV Draft Round Draft Pick
1 PHI $18,000,000 1 4
2 LVR $16,500,000 7 244
3 CLE $14,000,000 1 8
4 DEN $12,750,000 1 19
5 DAL $10,000,000 - -
6 DET $9,000,000 5 164
7 KC $8,151,667 2 37
8 LAR $8,125,000 2 57
9 CHI $7,700,000 4 112
10 WAS $7,700,000 3 66
11 NE $6,482,000 5 138
12 TEN $5,750,000 5 153
13 GB $5,500,000 5 168
14 CIN $5,383,333 7 226
15 MIA $5,000,000 - -
16 SF $4,585,430 1 9
17 SEA $4,500,000 5 158
18 NYG $3,500,000 4 140
19 NYJ $3,500,000 - -
20 PIT $3,259,000 - -
21 HOU $3,056,388 1 23
22 ATL $2,566,436 1 31
23 SEA $2,300,000 1 21
24 TB $2,300,000 5 155
25 CLE $2,250,000 - -
Guards
  Player Team Current AAV Draft Round Draft Pick
1 WAS $15,030,000 1 5
2 NE $14,781,000 3 78
3 PHI $14,087,500 3 76
4 DAL $14,000,000 1 16
5 JAC $13,300,000 - -
6 NO $11,500,000 1 13
7 LAC $11,250,000 3 92
8 LVR $11,000,000 3 81
9 DEN $11,000,000 3 95
10 TEN $11,000,000 2 33
11 TB $10,825,000 2 61
12 NYG $10,666,667 1 27
13 PIT $10,000,000 1 24
14 MIA $10,000,000 1 9
15 NE $9,000,000 4 131
16 ARI $8,955,000 1 19
17 CLE $8,527,463 2 35
18 KC $8,472,600 6 200
19 NYJ $7,250,000 3 72
20 HOU $7,000,000 6 193
21 GB $7,000,000 3 67
22 LVR $6,350,000 3 81
23 ATL $6,250,000 3 72
24 NYJ $6,200,000 4 130
25 IND $5,972,227 1 6
Centers
  Player Team Current AAV Draft Round Draft Pick
1 LVR $11,250,000 2 55
2 BUF $11,125,000 2 49
3 HOU $11,000,000 2 50
4 PIT $11,000,000 1 18
5 CLE $10,850,000 4 122
6 TB $10,500,000 6 203
7 JAC $10,340,600 3 93
8 CHI $10,250,000 2 56
9 CAR $9,676,667 6 207
10 SF $9,500,000 2 43
11 NYJ $9,000,000 5 144
12 LAC $9,000,000 1 15
13 ATL $9,000,000 1 21
14 GB $8,500,000 5 161
15 PHI $8,166,667 6 191
16 CIN $6,800,000 - -
17 TEN $6,750,000 4 99
18 NO $5,750,000 - -
19 SEA $4,000,000 - -
20 MIN $3,220,718 1 18
21 NE $3,000,000 - -
22 HOU $3,000,000 - -
23 MIA $3,000,000 6 221
24 DET $2,945,035 1 20
25 CIN $2,928,123 1 21
Defensive Tackles
  Player Team Current AAV Draft Round Draft Pick
1 LAR $22,500,000 1 13
2 IND $21,000,000 1 7
3 PHI $17,100,000 1 12
4 ATL $17,000,000 5 137
5 CIN $16,300,000 4 120
6 KC $16,126,000 2 37
7 CIN $13,250,000 5 166
8 PHI $13,000,000 3 89
9 CLE $12,333,333 1 13
10 CHI $12,000,000 3 89
11 SEA $11,500,000 2 49
12 CHI $10,510,000 2 39
13 BAL $10,500,000 3 94
14 ARI $10,000,000 2 52
15 PHI $10,000,000 5 137
16 PIT $9,866,667 1 31
17 MIN $9,000,000 - -
18 NO $8,666,667 4 120
19 LAC $8,500,000 2 46
20 LAR $8,500,000 2 46
21 TB $8,000,000 1 2
22 BUF $7,500,000 1 30
23 WAS $7,250,000 5 152
24 SF $7,038,592 1 3
25 TEN $7,000,000 4 112
Edge Defenders
  Player Team Current AAV Draft Round Draft Pick
1 CHI $23,500,000 1 5
2 DAL $21,000,000 2 34
3 KC $20,800,000 2 63
4 DEN $19,016,667 1 2
5 DET $18,000,000 4 101
6 JAC $17,788,000 3 69
7 NO $17,500,000 1 24
8 SF $17,100,000 1 23
9 SF $17,000,000 1 17
10 CLE $17,000,000 3 72
11 BAL $16,808,000 5 146
12 HOU $16,667,571 1 11
13 ARI $16,500,000 1 21
14 GB $16,500,000 4 122
15 NYG $16,126,000 1 6
16 CAR $16,100,000 2 44
17 LAC $16,000,000 1 18
18 PIT $15,828,000 1 22
19 TB $15,828,000 - -
20 DEN $15,100,000 3 77
21 ATL $15,000,000 1 3
22 MIN $14,400,000 3 88
23 CHI $14,000,000 1 14
24 CIN $13,550,000 2 54
25 HOU $13,500,000 1 26
Linebackers
  Player Name Team Abbr Cont. AAV Draft Round Draft Pick
1 SEA $18,000,000 2 47
2 NYJ $17,000,000 1 17
3 JAC $14,250,000 2 36
4 ATL $14,250,000 2 52
5 CAR $13,608,250 1 25
6 LVR $11,750,000 - -
7 DAL $11,403,500 2 34
8 JAC $10,750,000 4 99
9 NYG $10,250,000 4 131
10 TB $10,050,000 2 58
11 HOU $10,000,000 2 43
12 MIN $10,000,000 2 45
13 LAR $10,000,000 1 9
14 KC $9,000,000 4 119
15 ARI $8,500,000 3 84
16 NYJ $7,500,000 5 151
17 TB $7,328,954 1 5
18 CHI $7,250,000 6 188
19 GB $6,500,000 3 71
20 PIT $6,200,000 6 206
21 ARI $6,000,000 4 115
22 LAC $6,000,000 2 48
23 DEN $5,000,000 - -
24 PIT $4,717,941 1 10
25 CHI $4,619,292 1 8
Cornerbacks
  Player Team Current AAV Draft Round Draft Pick
1 PHI $16,683,333 2 36
2 MIA $16,500,000 1 27
3 MIA $15,050,000 2 38
4 NYG $14,500,000 2 62
5 ARI $14,010,000 1 5
6 CIN $14,000,000 1 11
7 BAL $14,000,000 1 18
8 CHI $13,500,000 1 14
9 DEN $13,500,000 - -
10 NE $13,000,000 1 10
11 TEN $12,250,000 - -
12 PIT $11,200,000 1 7
13 LAC $11,083,333 2 62
14 HOU $10,500,000 1 31
15 WAS $10,000,000 3 84
16 DET $10,000,000 1 22
17 SF $9,050,000 5 154
18 DET $9,000,000 - -
19 BAL $8,600,000 4 104
20 PIT $8,500,000 3 98
21 LAC $8,500,000 - -
22 NO $8,375,000 2 39
23 IND $8,325,000 - -
24 ARI $7,500,000 2 60
25 CLE $7,291,339 1 4
Safeties
  Player Team Current AAV Draft Round Draft Pick
1 CHI $14,600,000 4 112
2 TEN $14,100,000 3 64
3 WAS $14,000,000 2 33
4 KC $14,000,000 3 69
5 BAL $13,750,000 1 14
6 NE $11,500,000 1 27
7 DEN $11,441,000 3 98
8 MIN $11,441,000 - -
9 DEN $11,000,000 1 20
10 LVR $10,500,000 2 41
11 MIN $10,250,000 1 29
12 BUF $9,750,000 7 218
13 SF $9,500,000 1 30
14 GB $9,000,000 5 142
15 NO $8,000,000 1 14
16 MIA $6,750,000 5 145
17 SF $6,500,000 2 46
18 ATL $6,500,000 5 147
19 SEA $6,200,000 6 200
20 BUF $6,100,000 5 159
21 CIN $6,000,000 2 61
22 HOU $6,000,000 4 106
23 CAR $6,000,000 4 128
24 TEN $6,000,000 1 15
25 NYJ $5,564,685 1 6
Special Teamers
  Player Team Current AAV Draft Round Draft Pick
1 BAL $5,000,000 - -
2 SF $4,750,000 - -
3 HOU $4,412,500 - -
4 GB $4,300,000 6 193
5 CAR $4,250,000 - -
6 PIT $4,201,500 - -
7 KC $4,055,000 7 233
8 NO $4,050,000 - -
9 BUF $4,000,000 - -
10 NO $3,962,500 5 164
11 JAC $3,875,000 - -
12 SEA $3,862,500 - -
13 PHI $3,861,620 5 153
14 DET $3,800,000 - -
15 LAR $3,762,943 - -
16 DEN $3,751,333 - -
17 WAS $3,412,500 - -
18 MIN $3,333,333 - -
19 NYG $3,259,000 - -
20 ARI $3,259,000 7 224
21 TEN $3,162,500 - -
22 MIN $3,000,000 - -
23 NYG $2,900,000 7 228
24 IND $2,900,000 - -
25 HOU $2,750,000 3 70
Michael GinnittiMay 27, 2020

The NFL offseason continues on, with many franchises switching from virtual to in-person meetings & workouts. We'll stay the course as well, offering our annual extension series -  breaking down one player from each franchise who could be staring down a new contract in the coming weeks or months, led of course by a group of notable QBs, a few defensive players looking to eclipse the $100M mark, & a few more running backs than might be expected.

 

Team Player POS 2020 Cash Projected Value Thoughts
ARI DeAndre Hopkins WR $12.5M $23.3M Hopkins has 3 years, $39.9M left on the contract he carries with him to Arizona. That $13.3M per year represents $10M less than his calculated market value. A strong 2020 makes a new deal in his new home a virtual lock.
ATL Takkarist McKinley  DE $3.25M $8.5M McKinley's on a path to follow Shaq Lawson into a mild 2nd contract, who locked in 3 years, $30M from MIA this March.
BAL Ronnie Stanley  OT $12.86M $22.1M Stanley's done everything right since entering the league, & he's about to be compensated as such. The 26-year-old should surpass Laremy Tunsil's $22M mark.
BUF Tre'Davious White CB $3.2M $16.7M White's been nothing short of fantastic the past two seasons in Buffalo. He enters year 4 in 2020, with a 5th-year optin available in 2021. It's likely he and Jalen Ramsey push the market closer to $18M per when it's said and done.
CAR Taylor Moton  OT $1.3M $14M Moton has entered himself into Tier 1 of RTs in the NFL, and will need to be paid as such. He'll follow in the footsteps of Jack Conklin, who recently locked in $14M with the Browns.
CHI Roy Robertson-Harris  DT $3.2M $8.25M Robertson-Harris has posted back to back solid seasons on the Bears' D-Line. He shouldn't break the bank, but is more than worth of doubling his money in the coming months.
CIN Joe Mixon  RB $1.7M $6.7M Mixon's been a solid RB on bad Cincy teams, but hasn't made much of a dent in the passing game. This will greatly reduce his next payday.
CLE Myles Garrett  DE $9.6M $20.1M

With his suspension now a thing of the past, Garrett's inline to become the NFL's next $20M man, likely surpassing DeMarcus Lawrence's $21M figure.

DAL Dak Prescott  QB $31.4M $34M Prescott's tag is worth enough to wait out a "blow me away" contract from Dallas, with $40M per year in play.
DEN Justin Simmons  FS $11.4M $14.4M Extending Simmons should be a no-brainer, especially with such a young, inexpensive offense to boot. He should have no trouble surpassing Eddie Jackson's $14.6M figure. Honorable Mention: Von Miller 
DET Kenny Golladay  WR $2.3M $19M Golladay and Stafford were really finding their way in 2019 before the latter's injury. It's a big year for both players, and the Lions as a whole.
GB Aaron Jones  RB $2.1M $13M Jones doesn't belong in the "next man up" RB money conversation, but he's enough of a pass catching back to warrant a payday. Unfortunately, his stats align most closely with Melvin Gordon, who cashed in only $8M per year with Denver.
HOU Deshaun Watson QB $4.4M $35.7M Watson's contract might be the next major one on the docket, & it will have ripple effects for both Dak Prescott, & Patrick Mahomes shortly thereafter.
IND T.Y. Hilton  WR $14.5M $11.6M His value has taken a major hit with injuries and a lack of consistency, but there's a world where he's still a legitimate WR1, in which case a $12M projection is an insult. 30 year old Julio Jones reeled in $22M per year, so there's a lot of wiggle room in between.
JAC D.J. Hayden  CB $7.6M $6M Soon to be 30, Hayden projects to reup on a similar contract to the 3 year $19M deal he's set to finish out in Jacksonville.
KC Patrick Mahomes  QB $5.3M $36.3M The calculator says Mahomes' next contract should slightly surpass Russell Wilson's $35M figure, but logic says it will most likely blow it away - especially if Dak Prescott & Deshaun Watson lock in first.
LVR/OAK Johnathan Hankins  DT $5.8M $3M Hankins is more of a depth player for the Raiders now, so his pricetag stands to drop, but Vegas should consider locking him in another 2 or so years at the right price. He might also be on the trade block.
LAC/SD Joey Bosa DE $14.3M $21.5M Bosa should become the next $100M defensive player in the coming months, already projecting north of DeMarcus Lawrence's $21M figure. He's currently set to play out a 5th-year option in 2020.
LAR/STL Jalen Ramsey CB $13.7M $16.7M Ramsey wasn't exactly fantastic last year, but it matters little. The Rams gave up so much to acquire him from Jacksonville, that their choices are to reset the CB market with his next contract, or trade him away. He'll be pushing for $20M. Somewhere closer to $19M probably gets it done.
MIA Matt Breida  RB $3.2M $4.6M Breida was acquired on a restricted tender, but should link up with Jordan Howard to make for a really strong 1-2 punch out of the backfield. It makes sense for Miami to lock him in for 2-3 years at cost control to keep him in the fold through Tua's rookie contract run.
MIN Anthony Harris FS $11.4M $15.5M Harris has an $11.4M franchise tag in front of him, but back to back great seasons (including 6 INTs in 2019), push his calculated value north of $15M on a multi-year contract. It's not clear if Minnesota is williing to go this route. Back to back franchise tags would be $25M.
NE Joe Thuney  OG $14.7M $14M There are a number of players heading into contract years for the Patriots, but that might be exactly what NE wants, as they approach a bit of uncertainty. Paying an OG top dollar ahead of a potential rebuild would be a bit reckless, though solidifying an OL for a young QB certainly makes sense. If Thuney is a fit for the next 3 seasons, locking him in is the right move.
NO Demario Davis NO $9.9M $12.5M Davis has found a home in New Orleans, heading into a contract year in 2020. The 31 year old won't require top dollar, but his stats fill up the board enough to warrant a solid raise.
NYG Dalvin Tomlinson  DT $1.4M $9.5M Tomlinson is an above average run stuffer, and a true nose tackle. While these positions have been devalued of late, they're still of value, especially for a defense trying to find its way. The former 2nd round is entering a contract year in 2020.
NYJ Jamal Adams  SS $7.1M $14.7M Justin Simmons & Anthony Harris should reset the safety market again, putting a future deal for Adams in a really good space, potentially north of $16M when it's said and done.
PHI Sidney Jones CB $1.9M $7M Jones hasn't lived up to his 2nd round selection, & isn't even slated to be a starter in 2020. But the Eagles can buy low here, getting Jones on a depth-cost extension, with hopes he can provide starter production in the coming years.
PIT Cameron Heyward  DT $13.2M $16.7M Heyward continues to produce at a high level, even now into his 30s. He's entering a contract year in 2020, and is a near identical comp. to Kawaan Short, who locked in $16.1M recently.
SF George Kittle  TE $2.2M $12.5M Hunter Henry's tag & Austin Hooper's $10.5M deal this offseason didn't help a TE market that badly needs a reset & Kittle's calculated projection is a casualty of this. The truth is that Kittle might be the most important weapon on the 49ers, & would be in many other offenses as well. He'll be looking for TE1/WR2 money, which pushes things up into the $15M-$16M range.
SEA Quinton Dunbar  CB $3.4M $17.6M Dunbar absolutely fills up the stat sheet, making him a calculated projection dream. He, Tre'Davious White, & Jalen Ramsey should really push the CB market forward in the coming months.
TB Chris Godwin  WR $2.3M $16.8M Godwin was the highest rated WR according to PFF in 2019, & might not even be the best WR on his own team (Mike Evans). He's entering a contract year in 2020, and with Tom Brady now under center, the expectations are endless. Does TB try to lock him up before another huge year?
TEN Derrick Henry RB $10.2M $13.8M It's a mystery if the Titans truly believe they can get more than one outstanding year out of Derrick Henry. If it's no, the franchise tag is the perfect way to end their relationship. If it's yes, the franchise tag still might be the better option.
WAS Brandon Scherff OG $15M $13M Similarly to NE with Joe Thuney, the Redskins need to identify who they are as a franchise, and specifically at the QB position before addressing to many current players. Missed games keep Scherff's calculated value down, but the 28-year-old should be seeking a multi-year deal at $15M per.
Michael GinnittiMay 22, 2020

A look at which player from each NFL franchise holds the title of largest total value contract in team history.

 

Team Player POS New $
Contract Value
Result
ARI Larry Fitzgerald WR $113,000,000 Played out 3 of the 7 new years, earning $58.5M over that span. He was extended again in 2015 for cap purposes.
ATL Matt Ryan QB $150,000,000 The deal pays $169M over 6 years, through 2023. Ryan has earned $74M thus far, with another $20.5M guaranteed in 2020.
BAL Joe Flacco QB $120,600,000 Flacco actually owns Baltimore's Top 2 contracts. He earned $62M of the $120.6M deal, then restructured into an additional 3 years, $66.4M extension, of which he earned $80.5M more.
BUF Marcell Dareus DT $96,574,118 The Bills extending Dareus prior to his 5th-year option, then paid him $42.7M over the next 2 1/2 seasons, before miraculously trading him to the Jaguars. Dareus would earn another $16M of this contract from JAX.
CAR Cam Newton QB $103,800,000 Carolina extended Cam prior to his 5th-year option, then paid him $99M over the next 5 seasons. They released him this March, forgoing the remaining $19.1M.
CHI Khalil Mack OLB $141,000,000 Chicago gave up 2 1st round picks & then some for the chance to pay Mack $155M over 7 total seasons. He's earned $56.5M to date, with another $17.2M fully guaranteed in 2020.
CIN Carson Palmer QB $97,000,000 After completing just two years of his rookie contract, the Bengals extended Palmer to 6 new years, totalling 10. He played 6 more before demanding his way out of Cincy.
CLE Joe Thomas LT $80,500,000 After cashing in over $38M on his rookie contract, Thomas tacked on 7 new years, reeling in over $84M more. He's still the highest earning OL in history
DAL Tony Romo QB $108,000,000 Romo's 5th contract in Dallas added 6 new years, but he only saw 3 (earning $54M). It was a remarkable career for a UDFA.
DEN Von Miller OLB $114,100,000 Miller replaced a franchise tag with 6 new years. He's pulled in $78.5M from this deal to date, with another $18M to be earned in 2020.
DET Matthew Stafford QB $135,000,000 Stafford added 5 new years to his sophomore contract back in 2017, earning over $83M of new money already. He's due another $8.3M in 2020.
GB Aaron Rodgers QB $134,000,000 Rodgers holds the top 2 contracts in GB history. His latest added 4 years to his previous extension, totalling $176M over 6 years.
HOU J.J. Watt DE $100,005,425

For a minute, Watt stands as the only Texans player to reach the $100M mark. Houston extended Watt after 3 years on his rookie deal, & have now paid him out $75M over the past 5 seasons.

IND Andrew Luck QB $122,970,000 Luck is the only Colts player to eclipse $100M. Indy extended him prior to his 5th-year option, tacking on 5 new years. He reeled in $75M, then promptly retired.
JAC Nick Foles QB $88,000,000 The Jaguars largest contract in history is also one of their worst. Foles was paid $30.5M for 1 year of work under this deal, before being shipped to Chicago.
KC Frank Clark DE $104,000,000 Clarks' deal slightly outpaced Justin Houston's, cancelling a franchise tag offer in 2019. He'll see $62M of it through 2021, with options thereafter.
LVR/OAK Derek Carr QB $125,000,000 Carr holds the only $100M+ deal in Raiders history, of which he's earned $67M.It seems likely he'll earn another $19M in 2020, with options thereafter.
LAC/SD Philip Rivers QB $91,800,000 Rivers' last two extensions ($91.8M, $83.25M) are the highest in Chargers history. He earned $82.55M on the first, & the full $99M on the latter.
LAR/STL Aaron Donald DT $135,000,000 Donald's deal eclipses Goff's by $1M, with nearly $87M locked in through 2021, at which point the All-Pro will be just 30 years old. There's another mega deal forthcoming.
MIA Ndamukong Suh DT $114,375,000 The next highest Dolphins deal was signed this March (Byron Jones, $82.5M). Miami guaranteed Suh $60M at signing, and that's exactly what he made on this deal before a brisk release in March of 2018.
MIN Adrian Peterson RB $86,280,000 Minnesota extended AP after 4 seasons on his rookie deal, locking him in to $36M guaranteed. Despite injuries & off field incidents, AP reeled in $75M of a potential $95M full value.
NE Drew Bledsoe QB $103,000,000 This deal is $31M more than the next highest contract in Pats history (Brady, $72M). Speaking of, Brady entered the fold a few months after Bledsoe signed this deal. NE paid him $11.4M for one year, then traded him to division rival Buffalo, who paid him out just $19M more.
NO Drew Brees QB $100,000,000 Brees' second contract in NO paid him $40M in year one, and $80M total through 4 seasons. He's been extended 3 more times since.
NYG Eli Manning QB $97,500,000 The Giants have never penned a contract north of $100M, though Eli came close in 2010. He saw $82M of it before another extension was awarded.
NYJ Muhammad Wilkerson DT $86,000,000 Wilkerson's extension replaced a franchise tag in 2016. He reeled in $37M of it over 2 years before being outright released.
PHI Carson Wentz QB $128,000,000 The Eagles extended Wentz as soon as possible, after 3 years of his rookie contract. Instead of $26M over the past two seasons, Wentz will see $56M, with $82M locked in through 2021. He has a chance to make $157M through 2024.
PIT Ben Roethlisberger QB $87,986,500 Bens's last three contracts are the Steelers' Top 3 of all-time. His sophomore extension replaced two years of his rookie deal, totalling $100M over 8 years. Roethlisberger saw $85.5M of it before another deal kicked in.
SF Jimmy Garoppolo QB $137,500,000 3 months after being acquired by SF, Garoppolo locked in a deal that secure him $42M in year 1, and $86M through 2020. He'll have veritiable options thereafter.
SEA Russell Wilson QB $140,000,000 Wilson's last two deals are the Seahawks' highest with the latter guaranteeing him $107M through 2021.
TB Darrelle Revis CB $96,000,000 Noone maximized contracts like Revis, who demanded a new contract from TB after the Jets shipped him there. Unfortunately, he only saw $16M of this deal, and was released 11 months later.
TEN Ryan Tannehill QB $118,000,000 Tannehill's extension eclipsed Steve McNair's deal back in 2004, and will guarantee him $62M thru 2021, & a very likely $91M thru 2022.
WAS Albert Haynesworth DT $100,000,000 The Redskins signed Haynesworth away from Tennessee in 2009, and almost immediately regretted it. After an $11M payment in 2009, Washington restructured the deal to carry a $25.6M cap hit in 2010 (an uncapped year). They traded him to NE a few months later for a late round pick. Albert earned a total of $36M on this deal.
Michael GinnittiMay 03, 2020

The deadline to decide on 2021 options for each 2017 first round pick is May 4th. For those that are declined, it means the player can become an unrestricted free agent after the upcoming 2020 season. Exercised options won't become fully guaranteed until the first league day of 2021, but are guaranteed for injury right immediately upon the exercise. Christian McCaffrey's option was bypassed for an extension, while Taco Charlton was already released out of his rookie contract, nullifying his option year.

Pick Team Player POS 2021 Option Decision
1 CLE Myles Garrett DE $15,184,000 exercised
2 CHI Mitchell Trubisky QB $24,837,000 declined
3 SF Solomon Thomas DE $15,184,000 declined
4 JAC Leonard Fournette RB $8,483,000 declined
5 TEN Corey Davis WR $15,680,000 declined
6 NYJ Jamal Adams SS $9,860,000 exercised
7 LAC Mike Williams WR $15,680,000 exercised
8 CAR Christian McCaffrey RB   extended
9 CIN John Ross WR $15,680,000 declined
10 KC Patrick Mahomes QB $24,837,000 exercised
11 NO Marshon Lattimore CB $10,244,000 exercised
12 HOU Deshaun Watson QB $17,540,000 exercised
13 ARI Haason Reddick OLB $10,089,000 declined
14 PHI Derek Barnett DE $10,051,000 exercised
15 IND Malik Hooker S $6,770,000 declined
16 BAL Marlon Humphrey CB $10,244,000 exercised
17 WAS Jonathan Allen DE $10,051,000 exercised
18 TEN Adoree' Jackson CB $10,244,000 exercised
19 TB O.J. Howard TE $6,013,000 exercised
20 DEN Garett Bolles LT $11,064,000 declined
21 DET Jarrad Davis ILB $10,089,000 declined
22 ATL Charles Harris DE $10,051,000 declined
23 NYG Evan Engram TE $6,013,000 exercised
24 HOU Gareon Conley CB $10,244,000 declined
25 NYG Jabrill Peppers S $6,770,000 exercised
26 ATL Takkarist McKinley DE $10,051,000 declined
27 BUF Tre'Davious White CB $10,244,000 exercised
28 DAL Taco Charlton DE   waived
29 CLE David Njoku TE $6,013,000 exercised
30 PIT T.J. Watt OLB $10,089,000 exercised
31 WAS Reuben Foster ILB $10,089,000 declined
32 NO Ryan Ramczyk RT $11,064,000 exercised
Michael GinnittiApril 24, 2020

Ben Roethlisberger, PIT, 38

2021 Cap Hit: $41,250,000
2021 Dead Cap: $22,250,000
Potential Savings: $19,000,000

Ben recently turned 38, and is coming off a lost season due to injury. He's locked in through 2020, but the Steelers could look to move on thereafter. Roethlisberger has a $15M roster bonus due March 19th, 2021. Getting out before that means $22.25M of dead cap, $19M saved. I'd guess the likelihood of this happening is very low.

 

Matt Ryan, ATL, 34

2021 Cap: $40,912,500
2021 Dead Cap: $49,937,500
Potential Savings: -$9,025,000

Ryan's 2020 salary is not only fully guaranteed, but it's been restructured twice. This is bad news from a dead cap perspective down the road, should the Falcons feel the need to move on. $5.5M of 2021 salary is already guaranteed, leading to $49.9M of dead cap already. If the trade is Post 6/1, dead cap splits as $18M/$26M, $23M saved in 2021. It's very unlikely Atlanta considers moving on until after the 2021 season.

 

Aaron Rodgers, GB, 36

2021 Cap Hit: $36,352,000
2021 Dead Cap: $31,556,000
Potential Savings: $4,796,000

The addition of Jordan Love to the Packers puts Rodgers' long-term status on the clock. He's fully guaranteed through 2020, but there's a world where Green Bay could move on next March. Rodgers has a $6.8M roster bonus due March 19th, 2021, so any kind of move would likely precede that. Doing so would leave behind $31.5M of dead cap to the Packers, all in 2021. It's a huge number to take on, but when you factor in Love's minimal $2.8M cap figure, the combined damage isn't much of a change at all for them. Toss in what would be a few really strong draft picks in trading Aaron and the move could be very attractive to Green Bay. A trade next year means $73M cash off the Packers books going forward.

 

Drew Brees, NO, 41

2021 Cap: $36,150,000
2021 Dead Cap: $22,650,000
Potential Savings: $13,500,000

If Brees is traded, released, or retires after June 1st next summer, the Saints will take on $11.1M of dead cap in 2021, & another $11.5M in 2022, which means $25M of savings for 2021. There's really nothing more to say about that.

 

Carson Wentz, PHI, 27

2021 Cap: $34,673,536
2021 Dead Cap: $59,220,614
Potential Savings: -$24,547,078

$25.4M of Wentz's $59M of dead cap in 2021 stems from unpaid salary, meaning it would transfer to a new team via a trade. However, an early March 2021 trade would still leave behind $33.8M of dead cap to the Eagles, a savings of less than $1M in cap space, and too much damage to take on. Things get easier on Philly after 2021, as Wentz's salary & roster bonus don't lock in until the 3rd league day of 2022, meaning a trade or release would leave behind $25.4M of dead cap, $6.7M of savings.

 

Matthew Stafford, DET, 32

2021 Cap: $33,000,000
2021 Dead Cap: $19,000,000
Potential Savings: $14,000,000

While the rumors swirled early in 2020 about the possibility of the Lions moving on from Stafford, the contract structure really never allowed it to be considered a reality. However, this is not the case after the 2020 season. Stafford has a $10M roster bonus due March 21st, 2021, and carries $19M of dead cap prior to that date. This means $14M of savings to the Lions should they trade or release him.

 

Jared Goff, LAR, 25

2021 Cap: $32,500,000
2021 Dead Cap:
Potential Savings: -$25,500,000

He's fully guaranteed through 2021 & most of 2022 already, but only $15M of his dead cap is comprised of bonus allocation (bonus dead cap stays with the team during a trade, salary dead cap moves to the new team). If he's traded in early March, the Rams can actually clear $17.5M of 2021 cap - but it's a big if.

 

Russell Wilson, SEA, 31

2021 Cap: $32,000,000
2021 Dead Cap: $39,000,000
Potential Savings: $19,000,000

Wilson's $39M of dead cap stems from his signing bonus, so the Seahawks will take on that dead cap via both a trade or release. A trade after June 1st, 2021 would mean $13M of dead cap in 2021 ($19M savings) & another $26M in 2022. The new team would acquire Wilson on a 3 year, $69M contract, $19M fully guaranteed. It's not happening.

 

Kirk Cousins, MIN, 31

2021 Cap: $31,00,000
2021 Dead Cap: $41,000,000
Potential Savings: $11,000,000

The Vikings hold $20M of bonus dead cap after the 2020 season, meaning the damage they would take on to trade Cousins out of town next offseason. If the trade is done after June 1st, 2021, they'd split that dead cap into $10M/$10M over 2021/2022, which would mean $21M of savings for Minnesota in 2021. The new team would acquire Cousins on a 2 year, $56M contract - fully guaranteed.

 

Ryan Tannehill, TEN, 31

2021 Cap: $29,500,000
2021 Dead Cap: $39,500,000
Potential Savings: $14,500,000

The only way for Tennessee to get out of this deal before 2023 would be via the trade. Shipping Tannehill out after the 2020 season would mean $15M of dead cap (signing bonus) to Tennessee, $14.5M saved. If the trade processed after June 1st, it would mean $5M of dead cap in 2021 ($24.5M savings), & another $10M of dead cap in 2022. However if the Titans are looking to get out of this contract after 2020, it likely means things didn't go very well. So finding a suitor for a 3 year, $80M contract, $53.5M fully guaranteed would be a pipe dream.

 

Jimmy Garoppolo, SF, 28

2021 Cap: $26,900,000
2021 Dead Cap: $2,800,000
Potential Savings: $24,100,000

Garoppolo's deal has been an easy out since 2019, as the 49ers front loaded this thing in fantastic fashion. 2020 is liely a boom or bust year for Jimmy. If he has another solid/great season, he'll likely be asking for a restructured extension (2 years, $51.1M remaining, $0 guaranteed). If it doesn't go well, San Francisco will strongly consider getting out, and using the $24.1M saved to look elsewhere at the position.

 

Tom Brady, TB, 42

2021 Cap: $25,000,000
2021 Dead Cap: $25,000,000
Potential Savings: $15,000,000

Brady's contract is fully guaranteed, but half of it comes in the form of a signing bonus. This means trading Tom after 2020 would free Tampa Bay from his $15M 2021 salary. It's wildly unlikely.

 

Alex Smith, WAS, 35

2021 Cap: $24,400,000
2021 Dead Cap: $10,800,000
Potential Savings: $13,600,000

So much unknown still but its hard to imagine Smith returning to the Redskins in 2021. He's fully guaranteed through 2020, and its perfectly possible an injury settlement is agreed upon soon, but if not his dead cap gets rightside up in 2021, allowing for plenty of savings. Smith will have been paid $71M from Washington.

 

Teddy Bridgewater, CAR, 28

2021 Cap: $23,000,000
2021 Dead Cap: $20,000,000
Potential Savings: $13,000,000

While $10M of Bridgewater's 2021 salary is already fully guaranteed, the Panthers could pass that along to a new team via trade, leaving behind $10M of dead cap in 2021 ($5M if done after June 1st). Teddy will carry a 2 year, $39.5M contract ($10M guaranteed) after 2020, which should draw trade interest if necessary.

 

Derek Carr, LV, 29

2021 Cap: $22,125,000
2021 Dead Cap: $2,500,000
Potential Savings: $13,000,000

Carr's signing bonus cap finishes out in 2021, offering almost $20M of savings if he's traded or released after 2020. He's very much on the hot seat entering the upcoming season, especially Marcus Mariota now holding the clipboard behind him. At this point in time, it's tough to imagine the Raiders paying Carr the $39M cash owed after 2020.

 

Nick Foles, CHI, 31

2021 Cap: $9,333,333
2021 Dead Cap: $15,666,667
Potential Savings: $6,666,667

In restructuring Foles' guaranteed money, the Bears afforded them a lot of cap flexibility, & made this deal fairly tradeable as well. Should Chicago look to trade Foles after 2020, they'll want to do so before March 21st, when a $4M roster is set to be paid. The Bears would take on $2.6M of dead cap to ship him out, clearing over $6M of space in the process. Foles would bring a 2 year, $16M contract to his new team, $9M guaranteed.

Michael GinnittiApril 23, 2020
Michael GinnittiApril 22, 2020
Michael GinnittiApril 07, 2020

A near impossible task, but our team took a stab at selecting the best & worst contracts based on their length. Only active contracts from the big 4 sports (MLB, NFL, NFL, NBA) were applicable. Enjoy our full breakdown of these selections in this week's edition of The Spotrac Podcast.

1-Year Contracts

Best: Cody Bellinger, 1B/OF, LAD: 1 year, $11.5M

Worst: Leonard Williams, DE, NYG, 1 year, $17.04M franchise tag

 

2-Year Contracts

Best: Kawhi Leonard, SF, LAC: 2 years, $67M (+1 unlikely option)

Worst: Jimmy Graham, TE, CHI: 2 years, $16M

 

3-Year Contracts

Best: Julio Jones, WR, ATL: 3 years, $66M

Worst: Andrew McCutchen, OF, PHI: 3 years, $50M

 

4-Year Contracts

Best: Patrick Mahomes, QB, KC: 4 years, $16.4M

Worst: John Wall, PG, WAS: 4 years, $171M

 

5-Year Contracts

Best: Corey Kluber, SP, CLE/TEX: 5 years, $38.5M (+2 options)

Worst: Nicholas Batum, SF, CHA: 5 years, $120M

 

6-Year Contracts

Best: David Pastrnak, RW, BOS: 6 years, $40M

Worst: Ezekiel Elliott, RB, DAL: 6 years, $90M

 

7-Year Contracts

Best: Christian Yelich, OF, MIL: 7 years, $188.5M

Worst: Chris Davis, 1B, BAL: 7 years, $161M

 

8-Year Contracts

Best: Connor McDavid, C, EDM: 8 years, $100M

Worst: Miguel Cabrera, 1B/DH, DET: 8 years, $248M

 

9-Year Contracts

Only: Gerrit Cole, SP, NYY, 9 years, $324M

 

10-Year Contracts

Best: Nicklas Backstrom, C, WAS: 10 years, $67M

Worst: Jordan Staal, C, CAR: 10 years, $60M

 

11-Year Contracts

Best: Jeff Carter, C, LAK: 11 years, $58M

Worst: Johan Franzen, LW, DET: 11 years, $43.5M

 

12-Year Contracts

Best: Mike Trout, OF, LAA: 12 years, $426.5M

Worst: Sidney Crosby, C, PIT: 12 years, $104.4M

 

13-Year Contracts

Best: Alex Ovechkin, LW, WAS: 13 years, $124M

Worst: Giancarlo Stanton, OF/DH, NYY: 13 years, $325M

 

14-Year Contracts

Only: Shea Weber, D, MTL: 14 years, $110M

Michael GinnittiApril 02, 2020

The Cincinnati Bengals...

Trade the #1 overall pick & the #107 pick to the Miami Dolphins for the #5, #18, #39, #70 picks in 2020 + a 2021 3rd round selection, then sign Andy Dalton to a 4 year, $120M extension, including $65M fully guaranteed over the next two seasons. Miami will use it’s final 1st round pick (#26), acquired from Houston in the Laremy Tunsil deal, to replace their former OT.

 

Matthew Stafford...

Won’t be traded in 2020, but the Detroit Lions will draft his heir apparent with the #3 overall selection in 2020, taking Tua Tagovailoa. Tua will get the Patrick Mahomes treatment, sitting behind Stafford this upcoming season, with the idea that he’ll be given the job in 2021, when Stafford’s finances are much more tolerant to trade him out of Detroit.

 

The Philadelphia Eagles...

Trade TE Zach Ertz to the Green Bay Packers for the #62 overall selection in 2020 & a 4th round pick in 2021. Ertz brings over a 2 year $15.1M contract that the Packers will likely need to restructure in the coming months to lock him in a bit longer with more guaranteed money to boot. The move won’t be processed until after June 1st, allowing the Eagles to spread out the $13.6M of dead cap they’ll take on over the next two seasons ($5.8M in 2020, $7.8M in 2021).

 

Cam Newton...

Sits out the entire 2020 season, joining the Fox Sports broadcast team as a studio analyst. Newton will reassess the quarterback landscape in 2021, when quite a few more job openings could (should) become available.

 

The Las Vegas Raiders...

Will trade QB Derek Carr to the New England Patriots before the October trade deadline, handing the job over to Marcus Mariota, who will run the Raiders into the ground, putting them into prime position for Trevor Lawrence in 2021.

 

The Los Angeles Chargers...

Acquire OT Trent Williams from the Washington Redskins in exchange for TE Virgil Green & the #112 pick (4th round) in this year's draft. LA extends Williams to a 3 year $50M restructured contract, $34M fully guaranteed.

 

The Los Angeles Rams...

Will never extend CB Jalen Ramsey. He’ll be asked to play out his 5th year option ($13.7M) in 2020, then be offered a near $17M franchise tag in 2021. He’ll sign it only after an agreement to trade him out of town is put in place.

 

The Pittsburgh Steelers...

Will acquire QB Mitchell Trubisky in the near future to serve as a viable backup and potential (but not likely) future replacement for Ben Roethlisberger, not unlike the path Josh Rosen has taken. Trubisky carries a fully guaranteed $4.5M in 2020, and it’s expected the Bears will exercise a 5th year option for the 2021 season in the coming weeks as well. That option won’t guarantee until March of 2021.

 

The Houston Texans...

Will have another tough decision to make in the coming months as J.J. Watt’s contract will expire after the 2021 season. He has 2 years, $33M remaining, but has also only seen action in 33 of Houston’s last 64 regular season games. The 31 year old has no guaranteed money and no dead cap left on his deal. It’s not without reason that Watt could also decide to hang up the cleats sooner rather than later.

 

The Cleveland Browns...

Will find no suitors for OLB Olivier Vernon’s contract year salary ($15.5M) & will eventually outright release the 29 year old. Cleveland acquired Vernon along with Odell Beckham Jr. but saw a slip in production in his 10 games played last season. His deal carries no dead cap currently.

Michael GinnittiMarch 26, 2020

Ryan Tannehill, 4 years, $118M Extension with Tennessee

The Titans 2019 run was clearly too good to move on from Tannehill in the short term, & Tennessee extended the 31 year old  to a 4 year $118M contract. The deal includes $37.5M in 2020 thanks to a $20M signing bonus, $62M fully guaranteed at signing, all through 2021. If he’s on the roster the 5th league day of 2021, his entire $29M 2022 salary becomes fully guaranteed as well. In other words, Tannehill’s almost certainly guaranteed $91M over the next three seasons, bringing his career earnings to just under $170M - an incredible turnaround for a player who was tossed aside by the Dolphins just one year ago.

Contract Terms

  • $118M Total Value: Ranks 9th among QBs, in between Derek Carr & Alex Smith
  • $29.5M AAV: Ranks 8th among QBs, in between Matt Ryan & Jimmy Garoppolo
  • $20M Signing Bonus: Ranks 11th among veteran QBs; represents 22% of the guaranteed money.
  • $91M Practically Guaranteed: 7th among QBs, largely ahead of Garoppolo.
  • $62M Guaranteed at Sign: 5th among QBs, only Ryan, Rodgers, Wilson, & Wentz secured more.
  • 14.8%, Average Salary vs League Cap: 11th among active QBs, behind Derek Carr

Cap Hits

  • $22.5M: About a $4M savings versus the non-exclusive franchise tag
  • $29M: Seems high, but there are already 9 figures ahead of it in 2021, & more to come.
  • $34M: The league cap could climb to $230M in 2022, making this a tenable 14% of that.
  • $32M: Likely a moot year anyway (he's either gone, or extended)

Cash Flow

  • $37.5M: This first year payout ranks 7th among active QB contracts
  • $24.5M: $62M through two seasons ranks 6th among active QB contracts
  • $29M: $91M through three seasons ranks 6th among active QB contracts
  • $27M: He’ll be 35 years old in 2023.

Guarantee & Dead Cap Structure

While this looks like a 2 year contract on paper as the contract currently shows ($10M of dead cap in 2022 versus a $34M cap figure, the guaranteed dates say otherwise. Tannehill’s first two salaries are fully guaranteed, and the 2022 salary becomes fully guaranteed next March, at which time his 2022 dead cap figure will rise to $39M. This all but secures his roster spot through the next three seasons.

Thoughts

If you look at his statistics, Tannehill was actually showing signs of efficiency improvement in 2016 before partially tearing his ACL in early December. He tore it again next August putting him out for the entire 2017 season. His return in 2018 saw a dip in yardage, but an increase in TDs, & Passer Rating. While a jump to a 70% completion rate and 117.5 Rating in his 10 games with the Titans seems unfathomable, it’s possible to project he can settle in somewhere around the 67% completion rate, 95 Passer Rate mark over the next few seasons, above average production. With Derrick Henry’s long-term future in Tennessee an unknown, there may come a point in time where Tannehill will be asked to push his attempts per game back up into the 35+ mark. In the past, this kind of volume has seen his production slip mightily, so it’s fair to question his ability to carry an offense going forward.

In terms of the money itself, any QB that turns a franchise’s seasons around & leads them into a deep playoff run in a contract year is bound for Top 10 money. As noted above, none of his financial metrics reach the Top 5 mark, making this above average, but not elite pay. In fact, one of the more important metrics, the Percent of Average Salary vs. League Salary Cap, tells a good story about where this deal lands across the NFL. Tannehill secured 14.8% of the league cap on is $29.5M AAV, which is less than Derek Carr secured 3 years ago with the Raiders. The only real point of contention here has to do with his 2022 salary becoming guaranteed next March, virtually making him locked in for a full three seasons. It’s an awful lot of time and money to have to pay someone who could return back to “average” in the next few months.

But if the math problem is “How do we keep both Ryan Tannehill & Derrick Henry, when only one can get tagged and the other will need multi-year guarantees? Paying the quarterback is always the right solution. Unless it’s not.

 

View Ryan Tannehill's Full Contract Breakdown

Michael GinnittiMarch 19, 2020
Scott AllenMarch 16, 2020
Minimum Salaries
Service 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
0 $610k $660k $705k $750k $795k $840k $885k $930k $975k $1.02M $1.065M
1 $675k $780k $825k $870k $915k $960k $1.005M $1.05M $1.095M $1.14M $1.185M
2 $750k $850k $895k $940k $985k $1.03M $1.075M $1.12M $1.165M $1.21M $1.255M
3 $825k $920k $965k $1.01M $1.055M $1.10M $1.145M $1.19M $1.235M $1.28M $1.325M
4 to 6 $910k $990k $1.035M $1.08M $1.125M $1.17M $1.215M $1.26M $1.305M $1.35M $1.395M
7+ $1.050M $1.075 $1.120M $1.165M $1.21M $1.255M $1.3M $1.345M $1.39M $1.435M $1.48M

 

2020 Franchise Tag Values
Position Non-Exclusive Tag
Quarterback $26,824,000
Running Back $10,278,000
Wide Receiver $17,865,000
Tight End $10,607,000
Offensive Line $14,781,000
Defensive End $17,788,000
Defensive Tackle $16,126,000
Linebacker $15,828,000
Cornerback $16,338,000
Safety $11,441,000
Kicker/Punter $5,019,000

 

2020 Transition Tag Values
Position Tag Value
Quarterback $24,837,000
Running Back $8,483,000
Wide Receiver $15,680,000
Tight End $9,117,000
Offensive Line $13,505,000
Defensive End $15,184,000
Defensive Tackle $16,126,000
Linebacker $13,737,000
Cornerback $14,197,000
Safety $9,860,000
Kicker/Punter $4,559,000

 

Restricted Free Agent Tenders
Tender 2020 Value
Original Round/First Refusal $2,133,000
Second Round $3,259,000
First Round $4,641,000
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