Carolina Panthers News & Rumors

Panthers Pursuing Milton Williams Deal

The Panthers have, as expected, made a strong push with respect to an outside defensive addition. Milton Williams is on Carolina’s radar.

Team and player are finalizing a deal, ESPN’s Adam Schefter reports. Nothing is in place for now, and free agent deals cannot of course be signed until the new league year begins on Wednesday. Terms can be agreed to at any time, though, and Williams would represent a major addition for the Panthers.

Dianna Russini of The Athletic reports other teams are still making their own efforts to secure Williams. A Panthers arrangement is considered close, but a last-minute change could still take place. The Eagles standout entered the week as PFR’s No. 3 free agent and second-best defender. It comes as no surprise interest has quickly been shown early in the negotiating period.

Once Osa Odighizuwa agreed to a new Cowboys deal (with a franchise tag looming anyway), it was clear Williams would be the top DL free agent in 2025. His rookie pact consisted of a part-time role in Philadelphia, but it allowed him to showcase his upside. Williams set a new career high in sacks (five) and QB hits (10) in 2024 during the regular season, then delivered highly impactful performances during the team’s Super Bowl run.

Panthers Extend CB Jaycee Horn

Jaycee Horn and the Panthers have managed to work out a deal keeping him in place for the foreseeable future. Talks on that front have produced a record-setting agreement.

Horn has agreed to a four-year extension, as confirmed in a team announcement. Ian Rapoport of NFL Network reports the pact is worth $100MM and includes $70MM guaranteed. The $25MM annual average value of the pact is the most for any defensive back in NFL history.

The locked-in money comprises a practical (not full) guarantee, Sports Illustrated’s Albert Breer adds to no surprise. A rolling structure is in place like many big-ticket deals around the league. Still, this represents a major investment on Carolina’s part to prevent a potential 2026 free agent departure.

Team and player were known to be negotiating a long-term pact, and Horn remaining mostly healthy in 2024 (en route to a Pro Bowl) helped his leverage. In two of his four career campaigns, the former No. 8 pick has been able to play close to a full campaign and operate as Carolina’s top cover man. Considering the fact Horn played a combined nine games between the 2021 and ’23 seasons, though, the extent of this commitment is notable.

The most recent update on the matter noted that a deal at or near the top of the cornerback market was the target in this case, so in that respect today’s news comes as little surprise. Jalen Ramsey previously held the top spot in annual compensation at $24.1MM, but Horn has now moved past that mark. Importantly, this agreement has been reached before the likes of Sauce Gardner (Jets) and Derek Stingley (Texans) ink monster deals of their own.

Adding on defense is a clear priority for the Panthers this offseason, and the team entered Monday with roughly $26MM in cap space. The 2025 figure for Horn (who was already on the books thanks to his $12.47MM fifth-year option) could be lowered as a result of the pact, but in any case funds will be available for outside secondary additions. Even if Carolina makes a splash at cornerback or safety, though, the 25-year-old will of course be counted to anchor the unit.

Horn posted 13 pass deflections along with a career-high 68 tackles and the first two sacks of his NFL tenure in 2024. The 53.2% completion percentage he allowed was the lowest since his abbreviated rookie campaign, a sign he will be capable of operating as a true No. 1 for years to come. That will be key as Carolina looks to turn to younger option at the CB spot in particular and on defense in general as the unit prepares to move on without linebacker Shaq Thompson.

Carolina ranked last in total and scoring defense in 2024. As the team looks to build off the momentum showed by quarterback Bryce Young‘s showings in the latter stages of the season, taking a major step forward on the other side of the ball will be needed for 2025 and beyond. Horn will play a central role in that effort for years to come.

NFC Notes: Carr, Horn, Kupp, Cowboys, Okereke

Derek Carr‘s contract will be restructured for the second straight offseason, ensuring he remains with the Saints for at least one more year. The veteran quarterback’s future had been in question until the news of his pact being reworked.

General Mickey Loomis said keeping Carr in place was the team’s plan, so it comes as no surprise he will play a third season in New Orleans. The four-time Pro Bowler apparently would have welcomed a change of scenery, though. ESPN’s Jeremy Fowler reports Carr was believed to be willing to head elsewhere this offseason by joining a QB-needy team. The Saints, however, never showed a desire to move forward with a trade or release.

Carr made it clear before a final decision on his future was made that he would not welcome a pay cut. His $40MM in 2025 compensation will (to a large extent) now be paid out as a signing bonus, but it was already guaranteed under the pact’s previous setup. Trading or cutting their QB1 would therefore have not been feasible for the Saints, but it is still noteworthy Carr would have been on board with a fresh start after two years with the team.

Here are some other notes from around the NFC:

  • Extension talks are ongoing between the Panthers and Jaycee Horn. When healthy, the former No. 8 pick has proven to be an effective cornerback but injuries in 2021 and ’23 threaten to hurt his leverage. In spite of his missed time, Joe Person of The Athletic writes Horn is believed to be seeking a deal near the top of the position’s market (subscription required). Five corners are attached to an AAV of $20.1MM or more, and Jalen Ramsey leads the way at $24.1MM per year. That figure could very well be overtaken once Sauce Gardner (Jets) and Derek Stingley (Texans) have extensions in place, but Horn, 25, may not slot in very far behind them.
  • Cooper Kupp is known to be on the trade market, with the Rams making clear their intention of moving on from the eight-year veteran. The team is prepared to retain salary to swing a deal, and general manager Les Snead hopes to have one in place by next week (when the 31-year-old’s roster bonus is due). In his first interview since learning of the team’s choice to move on, Kupp said (via Sam Farmer of the L.A. Times) head coach Sean McVay informed him of the move during a face-to-face meting in his office. McVay has left the door (slightly) open to a return with his recent comments, but Kupp has moved forward knowing he will be playing elsewhere in 2025.
  • Brandin Cooks is one of many veteran receivers set to hit the market next week. The 31-year-old has spent the past two seasons with the Cowboys, and in an interview with The Exhibit’s Josina Anderson he said he is open to re-signing. Cooks – who missed seven games in 2024 – added he is fully healthy, and Anderson writes there could be interest from multiple teams. While a return to Dallas is firmly in play, Cooks said he feels he has not been utilized correctly during his time there so far. The 11-year veteran played out a two-year, $20MM deal with the Cowboys.
  • Bobby Okereke‘s second season with the Giants was limited to 12 games due to a herniated disc in his back. The veteran linebacker is expected to be healthy in time for OTAs, but he could find himself on a new team by then. Pat Leonard of the New York Daily News writes there have been rumblings this offseason about the Giants not viewing Okereke’s value in the same light as they did previously. A 2023 free agent signing for general manager Joe Schoen, the former Colt delivered 149 tackles and a pair of interceptions in his debut New York season. His production dropped this past campaign, though, and with two years left on his pact a trade or release could be under consideration. Moving on immediately would not yield notable savings, but a post-June 1 release would free up $9MM later in the offseason. Okereke, 28, is due a $3MM roster bonus March 17.
  • With regard to other Cowboys updates, Calvin Watkins of the Dallas Morning News notes veteran defensive ends Carl Lawson and Chauncey Golston could be on the way out. DeMarcus Lawrence hopes to re-sign, but he is also open to exploring his market. The Cowboys currently have Sam Williams and Marshawn Kneeland on their rookie deals and a pending mega-extension to work out with leading edge rusher Micah Parsons. Inexpensive depth will increasingly be a priority if any or all of Lawrence, Lawson and Golston sign elsewhere. Watkins adds that punter Bryan Anger and long snapper Trent Sieg are among the players Dallas aims to re-sign, something which has already been taken care of in the case of Osa Odighizuwa.

Panthers Re-Sign C Austin Corbett, TE Tommy Tremble

The Panthers will have plenty of continuity up front in 2025. One day after tendering restricted free agent Cade Mays, the team has ensured Austin Corbett will be in place as well.

The latter agreed to terms on a new contract, the team announced Saturday. Joe Person of The Athletic notes it is a one-year pact. All five starters from Carolina’s 2024 offensive line are now on the books as a result of today’s move, one which comes not longer after it was learned the Panthers were in talks with both of their centers from last year.

Corbett inked a three-year, $26.25MM deal in free agency after emerging as a capable starter during his time with the Rams. The 29-year-old was limited to only five games in 2024, though, and the short-term nature of his latest pact is a reflection of the leverage he lost. Nevertheless, Corbett will be counted on to reprise his starting center gig next season as he looks to rebuild his value.

Pass protection was a major issue during quarterback Bryce Young‘s rookie campaign. The Panthers responded by signing guards Robert Hunt and Damien Lewis to big-ticket free agent deals. Those two remain on the books, as do tackle starters Ikem Ekwonu and Taylor Moton. As Young looks to build off the promise he showed late in 2024, he will have the same unit in front of him next year.

The Panthers also announced they have reached agreement on a two-year deal with tight end Tommy Tremble. The 2021 third-rounder was on track for free agency with his rookie contract expiring, but he will remain in place. Tom Pelissero of NFL Network reports the pact includes $8MM guaranteed and has a maximum value of $16MM. Mike Kaye of the Charlotte Observer adds this deal’s base value is $10.5MM.

Tremble’s snap share hovered around 50% for each of his first three seasons, but it jumped to 69% in 2024. The 24-year-old missed five games (after previously being absent for only one the rest of his career), but he still managed to match his personal mark with 23 catches and set a new career high with 234 yards. If he can continue to provide Carolina with complementary production, Tremble will prove to be a worthwhile short-term investment for the team.

The Panthers entered Saturday with just over $27MM in cap space. These moves will eat into that figure to an extent, but the funds for outside additions – particularly on defense – will be available when the new league starts next week.

RFA/ERFA Tender Decisions: 3/7/25

More teams made tender/non-tender decisions on restricted and exclusive rights free agents today. Here are the latest updates:

RFAs

Tendered:

Non-tendered:

Carolina has tendered Mays with an original-round tender worth $3.26MM. A former sixth-round draft pick, the third-year center will be able field offers from the rest of the league. If an offer comes in, the Panthers would have the chance to match it or let the team sign Mays in exchange for a sixth-round pick. Mays started eight games in 11 appearances last year.

Houston flashed early, particularly when he tallied eight sacks in seven games (only two starts) for the Lions as a rookie. Since then, injuries and inconsistency have kept him from sticking in Detroit or Cleveland.

ERFAs

Tendered:

Non-tendered:

FA Notes: Bucs, Mack, Dolphins, Holland, Panthers, Titans, Giants, Bills, Falcons

The Buccaneers did not see their Joe Tryon-Shoyinka first-round pick pay off, and the 2021 draftee is close to hitting free agency. As the Bucs prepares a pass-rushing plan for 2025, ESPN.com’s Jeremy Fowler connects Khalil Mack to the team. Also mentioning the Bears (a previously noted Mack suitor), Fowler notes the Bucs are looking for pass-rushing help. The team has YaYa Diaby under contract for two more seasons, but it has struggled to find a complementary piece since Shaquil Barrett began to decline post-Achilles surgery. Anthony Nelson, who posted four sacks last season, is nearing free agency as well.

While the Bucs have D-line regulars Vita Vea and Calijah Kancey, they will need to look for a second OLB starter. Mack rebounded from an injury-marred 2021 season by starting all but one game in three Chargers years. He soared to 17.5 sacks in 2023 but saw his usage rate drop and his sack total along with it (to six) in 2024. Mack, however, has been a durable player and one of this era’s best edge rushers. Although he considered retirement this offseason, the Chargers want him back. The 34-year-old’s market will be interesting.

Here is the latest from the free agent market:

  • A player who will command more in total than Mack, Jevon Holland is likely this year’s top safety available. PFR’s No. 6 free agent, Holland escaped the franchise tag deadline and may be poised to follow Robert Hunt and Christian Wilkins out of Miami. The Panthers and Titans are expected to show interest in the four-year Dolphins starter, NFL.com’s Cameron Wolfe notes. Holland’s market is likely to stretch past $15MM per year and could reach $20MM AAV, Wolfe adds. Antoine Winfield Jr. is the highest-paid safety, at $21MM per annum; no one else has reached $20MM. The Dolphins are still interested, but the former second-rounder will carry a robust market. If Holland leaves, the Dolphins would need two new safety starters; Jordan Poyer is not expected back, per Wolfe.
  • The Giants are bracing to lose Azeez Ojulari in free agency, the New York Post’s Ryan Dunleavy writes. Considering their investments in Brian Burns and Kayvon Thibodeaux, it has looked for months like Ojulari would depart. Despite an extensive injury history, Ojulari has been productive when available. He registered 22 sacks on his rookie deal, including six last season as he filled in for an injured Thibodeaux. After holding onto Ojulari at the deadline, the Giants would only recoup a compensatory pick — depending on the team’s FA activity — once he leaves.
  • The Falcons finished 31st in sacks last season, and the Atlanta Journal-Constitution’s D. Orlando Ledbetter notes they are doing heavy research on defense in the draft. This comes after Atlanta’s effort to trade back into Round 1 for a defender, after the surprising Michael Penix Jr. pick, failed. As the team changes DCs for a third straight year, Fowler adds it is expected to also pursue defensive upgrades in free agency. The Falcons are expected to let Matt Judon hit the market, and Ledbetter adds fellow OLB Lorenzo Carter is also likely to hit free agency. A pass-rushing overhaul, as Grady Jarrett may be on the trade block, may be afoot in Atlanta.
  • Count the Panthers as a team also readying to bolster its defense in free agency, Fowler adds. Carolina fell from fourth in total defense to 32nd last season, and while they are again retaining DC Ejiro Evero, the DC should have more to work with in 2025. After Carolina traded Burns and did not do much to replace him, it is safe to expect a pass-rushing pursuit to commence. Safety Xavier Woods will be among the Panthers who will test the market next week, The Athletic’s Joe Person tweets. He will join kicker Eddy Pineiro in doing so.
  • Preston Smith has lingered in free agency for a bit, after his Steelers release, but Sportskeeda.com’s Tony Pauline notes the Bills are believed to have interest. Although Smith (4.5 sacks last season) signed two healthy Packers contracts, it will not take too much to land the 32-year-old EDGE after he disappointed as a Steelers deadline addition.

2025 NFL Top 50 Free Agents

After 2024 brought a record-setting salary cap spike, the 2025 league year introduced a jump that rivals it. We continue to see year-to-year leaps that dwarf what the 2011 CBA brought. Last year’s climb presented good news for many top-tier free agents; the batch that headlines this year’s market will be in line to follow suit. Now that the franchise tag deadline has passed, a clearer picture of the 2025 free agent market emerges.

The aim for PFR’s top 50 remains contract-based. Although players like Bobby Wagner and Tyron Smith are All-Decade-teamers bound for the Hall of Fame, they will not appear here. Big names are still part of this list. The wide receiver and cornerback markets are flooded with veterans seeking a second (or third) significant payday. As usual, this list centers around who will fare the best in terms of guaranteed money. Though, shorter-term contracts — in an effort to keep up with the cap surges — increasing in popularity has made gauging that component more complicated. With some help from trusted colleague Adam La Rose, here is our best effort at sorting through that.

Players who could be released at the start of the 2025 league year or soon after are not included, only those out of contract for the ’25 season appear below. Teams have until 11am CT March 10 to keep free agents-to-be off the market. In Year 33 of full-fledged NFL free agency, here are the top options for teams to target once the legal tampering period starts:

1. Sam Darnold, QB. Age in Week 1: 28

The quarterback tag has ballooned to $40.24MM, which proved to be too much for the Vikings to stomach. As Minnesota has a handful of starters nearing the market, circling back to Darnold at a (slightly) lower rate remains in play. But the Vikings will now run the risk of losing their 2024 J.J. McCarthy bridge, one that proved much sturdier than most expected.

For the second straight year, a Vikings quarterback headlines PFR’s Top 50 Free Agents list. Kirk Cousins came through with a four-year, $180MM deal in 2024, doing so despite entering an age-36 season and coming off an Achilles tear. The Falcons had a decade’s worth of starter work to evaluate with Cousins, who did not live up to the investment – which included $90MM guaranteed at signing. Darnold has only delivered one quality season. Like Cousins, Darnold excelled under Kevin O’Connell and targeting Justin Jefferson in an offense also featuring Jordan Addison and T.J. Hockenson. Teams’ hesitancy about Darnold’s chances of replicating his Pro Bowl season without similar weaponry is warranted.

This complicates Darnold’s bounce-back case — as does Darnold’s brutal January two-fer — but several teams need QBs during a year where the draft does not look like it will produce surefire answers. Although rumblings about Darnold having a modest market have circulated, he is the top option available and should have a few teams showing clear interest. The Raiders and Giants have been tied to Darnold, ditto the Browns. The Steelers should be interested, but they appear to have their sights set on re-signing Justin Fields. The 2021 draftee also has not put together the kind of season Darnold just did. If the Jets did not have the history they do with Darnold, they would make sense as a destination as well.

Drawing a $4.5MM offer in 2023 (from the 49ers) and choosing the Vikings’ $10MM proposal last March, Darnold has made a remarkable rise to this place. While his surge can be compared to Baker Mayfield’s, Darnold’s 2018 draft classmate had shown extended flashes in Cleveland. Darnold washed out of New York and was not a priority in Carolina, with the Panthers instead making a monster trade to acquire a No. 1 overall pick that went to Bryce Young. Darnold bided his time and has received extensive tutelage in the Kyle Shanahan and Sean McVay (via O’Connell) offenses.

Darnold’s 35 touchdown passes last season eclipsed his career high by 16; his 66.2% completion rate was more than four points better than his previous top number. Darnold’s previous best before his 4,319-yard season: 3,024 with the 2019 Jets. It is easy to see why skepticism exists, as a multiyear guarantee at a Mayfield-level rate (at least) will be required. Overpaying free agents is a tried-and-true NFL tradition, but someone will take a chance on Darnold being the answer. Mayfield received $50MM in total guarantees – on a three-year deal. Darnold could push to top that on a four-year pact, as the salary cap has spiked by another $24MM since the Mayfield-Buccaneers agreement. A Daniel Jones-like guarantee at signing ($81MM) is probably too high, but Derek Carr‘s $60MM number (ahead of an age-32 season) may not be.

The Vikings have Jones as a backup plan, a solution that would effectively make the ex-Giant the 2025 Darnold behind McCarthy. It would not make too much sense for Darnold, with his value where it now is, to accept a multiyear Vikings pact due to McCarthy’s presence. Similarly, re-signing Darnold would cut into Minnesota’s ability to capitalize on McCarthy’s rookie contract. A tag represented the most logical option to keep Darnold in the Twin Cities; that deadline passing opens the door to one of the more interesting QB free agencies in recent history.

The seven-year veteran, who has 56 pre-Minnesota starts teams can judge, will slide in as a player whom clubs can talk themselves into as having a Mayfield- and Geno Smith-like resurgence. Both QBs have sustained their belated breakouts, and that will help Darnold. Though, Smith and Mayfield did not relocate after breaking through. Darnold would be best positioned to sustain his by remaining a Viking, but McCarthy – whom the Vikings built their 2024 offseason around – has tremendous internal support. Bigger money should await elsewhere.

2. Josh Sweat, EDGE. Age in Week 1: 28

Fairly well regarded going into 2024, Sweat still needed to accept a pay cut to stay with the Eagles. As the team rearranged its defensive line after Fletcher Cox’s retirement, it opted to retain Sweat and swap out Haason Reddick for Bryce Huff. The latter’s $17MM-AAV contract is teetering on bust status, as he was a healthy scratch for Super Bowl LIX. Fortunately for the Eagles, they could rely on Sweat, who cemented his value with a dominant performance to expose All-Pro guard Joe Thuney as miscast at left tackle and remind suitors about a promising combination of production and prime years remaining.

Sweat showed the value agreeing to a three-year second contract can bring. That midrange 2021 extension (three years, $40MM) has Sweat set to play out the 2025 season at 28. He should be well positioned to cash in, with the 2.5-sack Super Bowl reminding of Shaq Barrett’s effort against Patrick Mahomes and Co. ahead of his free agency. Barrett, who was exiting his age-28 campaign when the Buccaneers barreled over the Chiefs in Super Bowl LV, signed a four-year deal worth $72MM. The cap has climbed by $97MM since.

Unlike Barrett, Sweat has no sack title on his resume. One double-digit sack season appears there; his 11-sack 2022 helped the Eagles threaten the 1984 Bears’ single-season record. Sweat leaving Philadelphia would stand to move all four of the double-digit sack performers from that ultra-productive season off the Eagles’ roster, with Brandon Graham expected to retire.

Sweat may become too expensive for an Eagles team, as creative as they are with contract structure, to afford. They are expected to lose their top EDGE. The Eagles have Nolan Smith in place as a starter and, theoretically, Huff at the other spot. Third-rounder Jalyx Hunt, who joined the Super Bowl sack brigade, is likely to see his role expand if Sweat departs (that is, if the Eagles cannot swing a Myles Garrett blockbuster).

After back-to-back seasons of 23 QB hits, Sweat only compiled 15 during his eight-sack 2024. That sack total still led the Eagles, whose defensive blueprint smothered the Commanders and Chiefs as the team peaked at the ideal point. Sweat’s 16 pressures still ranked only 92nd this past season, after his 37 in 2023 checked in 10th. The Super Bowl, however, probably put to rest any doubts about Sweat’s difference-making abilities, as the Chiefs had kept Mahomes cleaner for much of Thuney’s tackle stretch.

Jonathan Greenard fetched a four-year, $76MM deal from the Vikings last year. Greenard was two years younger than Sweat when he signed that contract. The cap having gone up coupled with the value Sweat showed post-Reddick gives him a good chance to eclipse that deal and move into the $20MM-plus-per-year bracket. Before this offseason’s EDGE payday frenzy takes place – as the likes of T.J. Watt, Micah Parsons and Trey Hendrickson are in contract years and Garrett is set to command a monster offer from the Browns (or another team) – Sweat will benefit from the cap spike with what should be a solid second-tier pact at the position.

3. Milton Williams, DT. Age in Week 1: 26

Like Sweat and Zack Baun, Williams picked a good time to break through. The 2021 third-round pick, who famously drew an on-air disagreement between Howie Roseman and veteran exec Tom Donahoe, helped the Eagles cover for Fletcher Cox’s retirement. Williams came in with career-high numbers in sacks (five) and QB hits (10) as a part-time starter last season. The Louisiana Tech product totaled 18 pressures as well, ranking sixth in DT pass rush win rate.

This emergence will set up the interior disruptor for a big payday. Williams adding three sacks between the NFC championship game and Super Bowl LIX, complete with the sack-strip-recovery sequence as the Eagles finished off their rout of the Chiefs, will help his cause. The Eagles have the futures of Jordan Davis and Jalen Carter to address. Although Williams expressed an openness to staying in Philly, the team’s roster math points him out of town.

Interior defensive line-wise, this is not a deep group of free agents. Especially after the Cowboys took Osa Odighizuwa off the market via a four-year, $80MM deal. That will help Williams, even though he does not have a take-notice resume, stats-wise. PFF, however, rated him as the No. 1 overall pass rusher among interior D-linemen. Williams will be a player to watch for a sneaky-big contract agreement.

Ex-Williams teammate Javon Hargrave scored $21MM-per-year terms in 2023 and the market then exploded. The spring-summer wave of extensions that year (Daron Payne, Dexter Lawrence, Jeffery Simmons, Quinnen Williams) elevated the non-Aaron Donald market. Nnamdi Madubuike, Chris Jones and Christian Wilkins established a new top tier in 2024, one that starts at $48.5MM fully guaranteed. Williams now has a chance to test the new market as a free agent, doing so after the cap climbed by nearly $25MM from when the last round of deals came to pass.

4. Ronnie Stanley, LT. Age in Week 1: 31

Not ultimately rewarding the Ravens for their then-top-market extension in 2020, Stanley both hurt his third-contract value while attached to that accord and belatedly saved face with a 2024 rebound. The Ravens gave Stanley a significant pay cut, reducing his base salary by $7.5MM, last year. The former No. 6 overall pick responded by playing in a career-high 17 games and earning his second Pro Bowl nod. Last season will not be enough to completely erase the previous four – which injuries largely defined – but Stanley is a talented player at the O-line’s premier position.

Pass block win rate placed Stanley 12th among tackles last season, while PFF was a bit more skeptical, ranking the Notre Dame alum 37th at tackle for the third straight slate. Not quite delivering on the promise he showed before the career-reshaping ankle injury – one that led to three surgeries before the 2021 season began – Stanley suiting up for every game last season will prompt suitors to strongly consider a franchise LT-level deal. A market beginning at $21MM AAV has been floated. Though, his having missed 36 games from 2020-23 will probably reduce the guarantee ceiling.

Had Stanley not sustained that injury in Week 6 of the 2020 season, he almost definitely would not be hitting free agency now. As the Bills (Dion Dawkins), Broncos (Garett Bolles) and Lions (Taylor Decker) showed last year, teams have a habit of keeping quality LTs off the market on third contracts. Those deals came between $20MM and $20.5MM per year. As our Nikhil Mehta pointed out, that could establish a clear price range for Stanley.

Terron Armstead also carried a lengthy injury history into free agency in 2022; the Dolphins still rewarded him with $30.12MM guaranteed on a $15MM-per-year pact. The cap having spiked by more than $70MM since then should raise Stanley’s floor beyond this point.

The Ravens, who lost three O-line starters last year, want to keep him. Will they be able to? Compensatory picks have regularly dictated Baltimore’s free agency strategy, but letting Stanley walk would create a big need – in an offseason in which versatile blocker/former Stanley sub Patrick Mekari is also unattached.

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RFA/ERFA Tender Decisions: 3/2/25

Teams will navigate their restricted free agents and exclusive rights free agents over the next several days. Here are the latest decisions on the tender front:

RFAs

Non-tendered: 

Even the low-end tender is now past $3MM, checking in at $3.26MM. The Bills look to be eyeing a reunion with Morris at a lower rate, with NFL.com’s Ian Rapoport indicating the team wants to re-sign him. A backup behind Dawson Knox and Dalton Kincaid, Morris has played 45 games over the past three seasons. The 2022 UDFA has 15 career receptions for 146 yards and three touchdowns.

Blackshear served as Carolina’s regular return man on kickoffs and punts. He has also logged 203 career carries, scoring three TDs. Blackshear and Morris will become unrestricted free agents once officially nontendered.

LB Shaq Thompson Intends To Keep Playing In 2025

Following news that the Panthers wouldn’t be re-signing Shaq Thompson, there was some natural speculation surrounding the veteran’s NFL future. The linebacker was quick to shut down any talks of retirement, as Thompson announced tonight that he intends to keep playing in 2025.

[RELATED: Panthers Will Not Re-Sign Shaq Thompson]

“I’m incredibly excited about the next chapter in my life,” Thompson wrote. “There’s still so much football left in me, I’m not retiring yet! I can’t wait to see what the future holds.”

A former first-round pick, Thompson was a mainstay on Carolina’s defense for a decade. His best stretch came between 2019 and 2022, when the linebacker averaged 116 tackles per season. Thompson signed a four-year, $54MM deal with the Panthers before his rookie contract expired, and the veteran will now be seeking his third career deal.

Thompson’s recent injury woes contributed to the Panthers decision to pivot elsewhere, and they’ll likely cloud his impending free agency. A broken fibula and an Achilles tear limited him to only six games between 2023 and 2024, so there’s a chance he needs to settle for a one-year, prove-it deal before reentering free agency next offseason.

Considering his track record, Thompson should have the ability to continue his career in a new spot. When factoring in the veteran’s lack of playoff experience, it’s easy to assume he’ll catch on with a linebacker-needy contender.

Panthers Conducting Extension Talks With Jaycee Horn; Team Communicating With Austin Corbett, Cade Mays

Jaycee Horn is known to be high on the Panthers’ financial to-do list. To no surprise, efforts to work out an extension are underway.

[RELATED: Shaq Thompson To Depart In Free Agency]

Second-year general manager Dan Morgan said on Tuesday (via Joe Person of The Athletic) the Panthers are engaged in talks on a new Horn contract. The former No. 8 pick is currently set to play out his fifth-year option for $12.47MM in 2025. A multi-year accord will check in at a higher rate.

Horn was limited to only three games as a rookie, and he made just six appearances during the 2023 campaign. In his two other Carolina seasons, though, he managed to serve as a full-time starter on a team which has been lacking in impact defenders. The South Carolina product earned a Pro Bowl nod in 2024 after posting 13 pass deflections and a pair of sacks.

While Horn’s coverage statistics included career-worst figures in touchdowns (six) and passer rating (92.7) allowed last year, he is a strong candidate for a lucrative pact provided the Panthers are confident he can remain healthy. Less proven options are on track to fill other roles in the secondary, but Horn (25) can be retained through his prime on a new pact. While the top of the cornerback market – which includes five players averaging at least $20.1MM per season – should not be in reach, a notable second contract will be in play if the sides can make progress in the near future.

As for the Panthers’ offensive line, Morgan and Co. have a number of key decisions to make. Longtime right tackle Taylor Moton is entering the final year of his contract, and none of his $14.3MM roster bonus is guaranteed. The eight-year veteran is slated to carry a cap charge of $31MM, but Morgan noted the team could be willing to keep that figure as is. With a $3MM roster bonus due next month, a restructure or extension could nevertheless be worked out.

Carolina also has to sort out the futures of pending free agents Austin Corbett and Cade Mays. The former recently had his void date pushed back to buy team and player more time to negotiate. Morgan noted (via Person) talks are ongoing with Corbett, who has operated as a starter in Carolina but has been limited to just nine games across the past two years. Mays represents a replacement candidate at center, but as a pending restricted free agent the Panthers will need to work out an extension or commit to a tender shortly. It will be interesting to see how talks go in his case, with the same being true for Horn and the Panthers’ other top priorities in the coming days.