Shortly after the Patriots reached a deal with Ezekiel Elliott, the Jets will finalize an agreement with their long-rumored target. Dalvin Cook agreed to a one-year deal with the Jets on Monday, Tom Pelissero and Ian Rapoport of NFL.com report.
This wraps a long-running saga for Cook, who has been a free agent for several weeks now. The Jets had loomed as a Cook suitor for most of this span, and while the former Vikings Pro Bowler had been closely connected to his hometown Dolphins, the Jets were the only team to bring him in for a visit. That meeting has eventually produced a deal.
In terms of base value, Pro Football Talk’s Mike Florio adds this agreement will be worth $7MM (Twitter link). The contract will be worth a maximum of $8.6MM, NFL.com’s Mike Garafolo tweets. Midway through the Jets’ preseason slate, Cook will sign on with the rising team. Aaron Rodgers‘ pay-cut agreement will lead to a high-profile weapon signing on, with the Jets securing an elite Breece Hall insurance option.
While the Dolphins had talked terms with Cook, Jeremy Fowler of ESPN.com adds they were never on this level. The Vikings will also benefit, with a $2MM offset in place, per ESPN.com’s Kevin Seifert (Twitter links). Despite not having a locked-in starter option on Hall’s level, the Dolphins had viewed Cook as a luxury. Mike McDaniel‘s team will stand pat with its re-signed duo of Raheem Mostert and Jeff Wilson, along with third-round rookie Devon Achane.
Even though the Dolphins were the only known team to discuss a Cook trade with the Vikings, they are standing down. Additionally, the chance to face the Bills twice was also important to the veteran, per Fowler, with younger brother James Cook set to start for the three-time defending division champs.
The Jets have been bullish on Hall’s chances of returning by Week 1, and the New York Post’s Brian Costello notes this Cook addition does not reflect a change in that stance. Hall is still on track for the opener (Twitter link). The 2022 second-rounder suffered an ACL tear during the Jets’ Week 7 win against the Broncos. Cook’s arrival will allow the Jets to slow-play Hall’s return, and it is also worth wondering what kind of rotation will form during the Iowa State product’s first season back from the injury. Cook’s contract points to a regular role, as opposed to a change-of-pace backup, in his seventh NFL season.
Cook’s deal represents a rare 2023 win for backs. Coming after countless setbacks for the RB market, Cook securing $7MM in base value provides him with a parachute after the Vikings cut bait on his $12.6MM-per-year deal. Prior to Monday, none of this year’s free agent backs secured more than $6.3MM per year. While Miles Sanders did see more guaranteed — on a four-year Panthers agreement — the Jets are giving Cook upper-middle-class money on a one-year accord to help their 2023 Super Bowl push.
The Patriots gave Elliott $4MM guaranteed, which is also more than a few starter-caliber backs — including Mostert and Wilson — received this year. Neither Mostert nor Wilson landed $3MM locked in, but the Jets placed a high value on Cook, who will leapfrog the likes of Zonovan Knight and Michael Carter upon signing. The Pats pursued Cook as well, and Kareem Hunt has now visited three teams. But the Jets were not believed to have been interested in the non-Cook wing of free agent backs.
Going into his age-28 season, Cook is riding the NFL’s only active streak of four straight 1,100-yard rushing slates. He has also been an effective receiver at points, though the Vikings did not utilize him in this capacity consistently. The Vikings viewed the explosive back’s contract, which had been agreed to just before the 2020 season, as a luxury they could no longer afford. Minnesota instead re-signed Alexander Mattison to a two-year, $7MM deal that is almost entirely guaranteed. As the Vikings joined other NFL teams in skimping on RB costs, the Jets now have one of this era’s better backs supplementing a recent second-rounder.
While Cook is set to give the Jets a Hall security blanket, ESPN’s Adam Schefter notes (via Twitter) he will not practice immediately. Cook underwent shoulder surgery — to fix an issue that had lingered for multiple seasons — in February. But the standout back has never been mentioned as a candidate to miss time because of the procedure. His signing delay and the additional time off needed will allow Cook to skip training camp. Though, it should be expected Cook will be the subject of a few Liev Schreiber-voiced sentences before this year’s Hard Knocks concludes.
Cook helped the Vikings to two playoff berths in this span, giving Kirk Cousins an upper-crust option on which to lean. Rodgers had a strong RB duo in recent years as well, with AJ Dillon joining Aaron Jones over the past three seasons. Should Hall regain his rookie-year form at some point in 2023, Rodgers will once again have a top-end RB duo in place. The Jets have some questions up front, but Cook loads up a skill-position corps that also features Offensive Rookie of the Year Garrett Wilson, Allen Lazard, Mecole Hardman and Corey Davis. Once a rumored cap casualty, Davis remains with the Jets on the three-year deal he signed in 2021. The Jets turned the Quinnen Williams extension into cap space, with Rodgers agreeing to trim his guarantee total in order to help fit in vets like Cook.
The Jets would still have the option of placing Hall on the reserve/PUP list, which would allow him an onramp — in the form of a four-game absence — into his second season. That would be a bit of a surprise, though, even considering Cook’s $7MM payment. But after a highly publicized free agency stay, Cook has joined an expected contender and will have a chance to make an impact alongside Rodgers.
An honest question do these 1 year deals for Zeke and Cook bring down the RB market price? Well below the $10m tag price this season.
Prolly not. Franchise tag is based on the top five salaries of that position (exclusive tag). The “non exclusive” tag (what Lamar was hit with) is the top five cap hits at that position.
Essentially they do, but SB should be thanking his lucky stars and this contract just gave the Raiders more leverage.
Gee, I wonder who Cook’s last 2 choices were? Hmmmm….
I’m guessing Travis Dye will be a short term casualty and that either Bam Knight or Michael Carter could be a casualty from the 53-man roster. Abanikanda will be on the roster. It’s not clear if they’ll keep an FB, but they do have Nick Bawden.
On another note, I’m excited as a Jets’ fan, but it makes my decision in fantasy whether to keep Breece Hall tougher, but I plan to play the long game and keep him. In our league, we give up a first-rounder to keep someone picked in the fifth round or later, but you can keep a keeper indefinitely as long as you continue to give up firsts (or seconds if you hold on to two for season(s)).
Breece Hall and Dalvin Cook sharing the Jets backfield does make fantasy managers have to stop and think about where they take them in the draft or in your case whether to hang on to one. Dalvin is on a 1 year deal and Breece is the young, injured, future of the team. I think the Jets us Dalvin as the workhorse and get every penny out of him.
It’s the perfect situation to let Breece come back to form as slowly as he needs to. Dalvin can be the ‘Aaron Jones’ of this Aaron Rodgers offense. I think Breece has big moments and big games this year but his fantasy numbers are going to be closer to AJ Dillon’s numbers now that he is sharing the backfield with a true RB1.
Just my early opinion. Breece is awesome so he could just completely take over the position and dominate fantasy this year lol.
It looks like Dye will get a temporary reprieve since Cook will go on the active PUP while he’s recovering from shoulder surgery and about to become a father.
You’re probably right regarding Carter and Knight. Knight had an smashing debut, but Carter seems to have earned a lot of trust as the second back in New York prior to this signing. The Jets don’t really have a defined power back in the starting rotation, so it’s hard to delineate roles that would eliminate guys based on that philosophy. It may very well just come down to whomever plays better in the preseason. Pass protection is probably a big factor in that, with Rodgers now on the roster.
I can see the RB’s argument. A guard (Z Martin) can get $18m a season, but 2 all pro RB’s (Zeke & Cook) average $7m for a season.
Quality Guards are harder to find. RB’s are a dime a dozen.
NFL.com has Cook ranked 7th out of 75 starting NFL RBs. NFL playmakers aren’t a dime a dozen.
link to nfl.com
Supply and demand and people still don’t get it. The practice squad chargers running back the other day was lighting up the field.
So you would get rid of Ekeler and put a practice squad RB as RB1?
Lol
I didn’t say that. But we can’t deny rookie runningbacks out of college being paid peanuts and lemonade can make amazing impact immediately. Look at Breece hall rookie season before injury. Jonathan Taylor in 2020. Chubb in 18
But so can WRs, TEs, CBs, or any other position. My point is there are playmakers and talent on an NFL team. Drafting them and tagging without extensions is bad business. Those players aren’t a dime a dozen. Sure RBs have a shorter shelf life, but reward your employees who sell your tickets, get people to watch your games, and get fans to buy their jerseys. Look at the Raiders and what they did to Jacobs, I don’t blame him for never wanting to work for them again. This thinking that RBs are just plug and play isn’t right. Let’s see the Raiders get 2000 yards and 12 TDs from their starting RBs this season. Good luck with that.
You’re misunderstanding me. I never said I agreed with it. But it’s capitalism man. Why pay a veteran top dolllar when a new crop of college kids are entering the workforce every week. It sucks that jacobs had the year he had and a bunch of suits can tag him and minimize his value and résumé. It sucks foreal. But that’s the market unfortunately bro
Lmao this deal took so long it’s obvious Dalvin Cook wanted more money and to face his little brother twice a year it was always down to the jets or Miami
kind of hard to compare one of the best linemen in the league to two aging running backs.
I guess that proves the league’s point. A 32 year old guard is more valuable than two 27 year old RB’s. And more valuable even when you combine their deals.
Wait a few years when the $12-15m RB’s contracts expire. Then we’ll see the RB tag drop dramatically. I could see it falling +/-$3m.
The second guard chosen in the 2014 draft was Xavier Su’a-Filo. What’s his value? Not all 32 yr olds are created equal.
But the league says all 27 year old RB’s are equal.
It’s about dang time it got done.
Now do offensive line and we’re good to go
LET’S EFFING GOOOOOOOO
Love the contract. Sign Ty Nsekie for depth and let’s go
Let’s see how well he does with a lame shoulder and a pitiful offensive line. Wish him luck…he’s going to need it.
If he can stay healthy (and unsuspended by Goodell) he’ll make the Jets better. Isn’t that the point of the exercise?
unless you are a hater
Love that these teams who figure out that their offensive lines are garbage spend money on running backs.
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Join the Bills!
Josh will jump over him in practice!
*seriously – there could be a need for LB as well.