Transactions News & Rumors

Titans Sign No. 1 Overall Pick Cam Ward

MAY 23: Ward’s rookie deal with the Titans includes a $32.159MM signing bonus, per KPRC2’s Aaron Wilson. Training camp roster bonuses have also become a common way to accelerate the payment schedule of rookie contracts, and Ward’s is no different. He will receive $2.054MM in 2026, $4.159MM in 2027, and $6.264MM in 2028 via training camp roster bonuses, all fully-guaranteed.

MAY 21: The rookie-scale system’s latest top contract, Cam Ward has put pen to paper with the Titans. The No. 1 overall pick is now signed through 2028, as the team announced the signing.

Ward’s rookie deal is worth $48.75MM. The pact is fully guaranteed and will include a fifth-year option for the 2029 season. Ward is currently splitting reps with the QB he is almost certain to supplant as Tennessee’s starter (Will Levis), but the Titans’ Week 1 Denver trip will presumably see the prized rookie at the controls.

Owners made it a point to curb excessive first-round salaries in the 2011 CBA. To illustrate how far ahead the quarterbacks chosen first overall under the pre-rookie-scale system were, Sam Bradford‘s rookie contract checked in at five years and $78MM in 2010. That contract was not fully guaranteed, but it still locked in Bradford to $50MM at signing. With the rookie scale in place in 2011, however, Cam Newton‘s draft slot commanded a four-year, $22MM accord. While Newton landed a lucrative Panthers extension later on, he trailed Bradford, Matthew Stafford and even JaMarcus Russell by a considerable margin out of the blocks.

Ward’s contract checks in much higher than Caleb Williams‘ Bears terms ($39.49MM), and this one will likely be the No. 1 draft slot’s last south of $50MM. Arch Manning (or the passer chosen first in the event the Texas prodigy stays in Austin) will be in line to clear that bar for the first time since Bradford. As for Ward, he will attempt to justify the significant leap he made during his final college season.

Famously going from zero-star recruit who began his college career at Division I-FCS Incarnate Word to a player who had distanced himself from the rest of the QBs in the 2025 class, Ward played two seasons at Washington State and finished his collegiate run at Miami. Completing 67.2% of his passes, Ward amassed over 4,300 passing yards and a 39:7 touchdown-to-interception ratio. Those figures earned him ACC Player of the Year honors (among others), and his arm strength and playmaking ability created distance from the likes of Jaxson Dart and Shedeur Sanders in this year’s class. The Titans met with Ward by mid-March and had settled on him early, arranging a second meeting and then rebuffing Browns and Giants attempts to trade up to No. 1.

Ward, 23 on Sunday, will continue a recent trend of QBs garnering considerable experience in college before being chosen No. 1. Williams turned 23 last season, while Jayden Daniels, Bo Nix and Michael Penix Jr. played age-24 seasons as rookies. The extensive seasoning benefited the Commanders and Broncos, who saw their respective draft choices finish first and third in the Offensive Rookie of the Year voting. Ward started four college seasons during his three-school journey, and the Titans will attempt to recover after some early-round QB misfires.

Levis’ rough sophomore season led the Titans to the No. 1 overall draft slot, and the team needed its Ryan Tannehill reclamation project after 2015 No. 2 overall pick Marcus Mariota did not become a long-term franchise QB. Tennessee’s 2011 first-rounder, Jake Locker, was the team’s primary starter for just two seasons — before retiring after Year 4 — and 2006 No. 3 overall choice Vince Young‘s early-career promise fizzled. (2022 third-rounder Malik Willis is playing out his rookie deal in Green Bay, after being traded last summer.)

The Titans have not featured a true long-term QB option since Steve McNair‘s 11-season run. They will hope Ward can play well enough to secure a second contract. While the Titans did pay Tannehill after his 2019 turnaround, they have not extended a passer they have drafted since McNair.

Commanders Sign Round 1 T Josh Conerly

The Commanders have agreed to terms with No. 29 pick Josh Conerly Jr. on a four-year, $15.68MM rookie deal, per NFL Network’s Tom Pelissero.

As is customary for first-round picks, Conerly’s first NFL contract will be fully-guaranteed with a fifth-year option for the 2029 season. It also includes a $8.044MM signing bonus, according to KPRC2’s Aaron Wilson.

It’s unclear what Conerly’s role will be in Washington this season. He almost exclusively played left tackle at Oregon, but the Commanders are set on the blind side after trading for Laremy Tunsil this offseason. A switch to right tackle would require Conerly to beat out incumbent starter Andrew Wylie, who started 29 games over the last two years but accepted a pay cut this offseason entering the last year of his contract. Further complicating the picture is 2024 third-rounder Brandon Coleman, who started 12 games at LT as a rookie and could also look to compete at RT after the Tunsil trade, though he also lacks experience on the right side and is more likely to factor in at guard, according to ESPN’s John Keim.

The Commanders are returning two of last year’s interior O-line starters in left guard Nick Allegretti and center Tyler Biadasz, but Samuel Cosmi‘s ACL tear will sideline him for most, if not all of the 2025 season. That opens up the starting RG job, but Conerly’s lack of experience at guard (or even on the right side of the line) is a clear obstacle to winning the gig.

Barring a positional switch as a rookie, Conerly will likely serve as a backup in 2025 as the Commanders figure out their long-term plan at tackle. Washington will likely move on from Wylie in 2026, at which point Conerly may be ready to start at RT. He could also be a long-term replacement for Tunsil, who only has two years remaining on his contract. A move to guard feels less likely, but could offer Conerly a starting job right away with the proper coaching and development.

NFL Minor Transactions: 5/22/25

Today’s minor moves:

Arizona Cardinals

Miami Dolphins

In addition to placing Sean Murphy-Bunting on the reserve/non-football injury list today, the Cardinals moved on from Ben Stille. Despite only spending three seasons in the NFL, Stille has true journeyman status, with the defensive lineman spending time with the Dolphins, Browns, Cardinals (twice), and Buccaneers. The 27-year-old got into six total games last season, compiling four tackles and one sack.

William Bradley-King joined the Dolphins practice squad last August and spent the entire year there. He was retained via a reserve/futures contract back in January. A former seventh-round pick, Bradley-King has collected seven tackles and 0.5 sacks in four career games. He’ll be replaced on the roster by QB Brett Gabbert, the younger brother of Blaine Gabbert. Brett was invited to rookie minicamp last month after going undrafted in this year’s draft. The QB got into 53 games during his time at Miami (OH), tossing 80 touchdowns vs. 30 interceptions.

49ers, Fred Warner Agree To Extension

THURSDAY, 7:45pm: The 49ers have officially announced the extension.

“Fred’s leadership is exemplary and his approach to his craft is contagious,” said GM John Lynch. “Fred sets the tone for our entire team with the consistency, speed and physicality with which he plays. Off the field, his passion, energy, and professionalism are second to none and truly embody what it means to be a Niner. We are extremely proud to get this extension done and lock Fred in for the future.”

MONDAY, 4:00pm: Talks with Fred Warner have indeed resulted in an extension agreement. The 49ers have come to terms with the All-Pro linebacker on another lucrative deal.

ESPN’s Adam Schefter reports team and player have agreed to a three-year extension. The pact is worth $63MM in total and includes $56MM in guarantees. For the second time in his career, Warner holds the title of the NFL’s highest-paid middle linebacker.

The top of the LB market stood at $20MM annually entering Monday, with Warner ranking second behind only Roquan Smith in terms of AAV. This latest San Francisco commitment will move Warner up to $21MM per season, which represents a slight raise on that front while no doubt lowering his scheduled cap hits for the next two years. The four-time Pro Bowler is now under contract through 2029.

Joel Corry of CBS Sports notes Warner will still earn $18.25MM in 2025, but this pact includes $5MM in additional compensation through 2026 compared to the previous one. $39.5MM of full guarantees are in place. Between now and the end of the 2028 season, $42MM in new money will be paid out.

In recent years, San Francisco has seen negotiations for its top players drag deep into the summer. That has not proven to be the case in 2025, however. Tight end George Kittle landed a new pact recently, and that was followed in short order by Brock Purdy becoming the league’s latest big-money quarterback. Warner loomed as the next logical target for such a commitment on the part of the 49ers, although as of April it seemed as though there was still plenty of work to be done on the negotiating front.

More recently, though, it became clear progress was being made. The latest update on the matter noted an agreement was close, so today’s news comes as no surprise. Warner will remain a focal point of San Francisco’s LB unit in particular and the team’s defense in general for years to come, something of increased importance given the departures seen on that side of the ball this spring. Dre Greenlaw was among the starters who left in free agency, with the pending Purdy extension playing a role in the 49ers’ spending plans. Obviously a new Warner pact was also in the team’s budget.

The former third-rounder has handled full-time starting duties during each of his seven years in the league; he has missed only one game during that span. Warner’s consistency as a run defender (at least 118 tackles each season) and play against the pass (seven interceptions, 28 pass deflections) has helped his case for being the league’s best linebacker, and his financial situation once again reflects that. The 28-year-old will remain in the Bay Area through the remainder of his prime.

Improved play on both sides of the ball will be required if the 49ers are to return to the postseason in 2025. Better health on offense will be a key factor, but the while the team’s defense integrates a number of new starters Warner will continue in his pivotal role with his long-term future secured.

Giants Restructure Brian Burns’ Contract

The Giants entered Thursday at the bottom of the NFL in terms of cap space. On the day Abdul Carter signed his rookie deal, fellow edge rusher Brian Burns had his pact restructured to create financial breathing room.

$16MM of Burns’ base salary has been converted into a signing bonus, ESPN’s Field Yates reports. The move has freed up $12MM in cap space for 2025 after the two-time Pro Bowler was scheduled to carry a cap charge of $29.75MM. Burns remains under contract through 2028.

Over the course of his tenure with the Panthers, the former first-rounder established himself as a consistent producer along the edge. Carolina repeatedly turned aside trade interest, but an inability between team and player to agree to terms on an extension led to last year’s swap which sent him to New York. Upon arrival, Burns inked a five-year, $141MM deal.

Expectations were obviously high given the nature of that investment, and the Florida State product managed 8.5 sacks (second on the team to defensive tackle Dexter Lawrence) during his debut Giants season. Burns is joined by Kayvon Thibodeaux as a returnee along the edge, and those two will be joined by Carter for at least the next two years. Thibodeaux’s 2026 option was picked up this spring, putting to rest questions about his immediate future in New York.

The Oregon product has flashed potential at times, but consistency has also proven to be an issue. Thibodeaux does not expect to discuss an extension this summer, so plenty will depend on his ability to produce in 2025 in determining his outlook with the team. With Carter in place as a potential successor in that case, Burns will be tasked with remaining a consist contributor in the sack department.

Three members of the Giants’ rookie class are yet to be signed. Finalizing those pacts will use up a portion of the team’s newly-created funds, but the team could also look into some low-cost moves with Burns’ cap figure having been reduced.

Lions Sign First-Round DT Tyleik Williams

The Lions have already been busy signing members of their seven-man draft class. Today they inked their largest contract of the group, agreeing to terms with first-round defensive tackle Tyleik Williams.

Williams spent four years at Ohio State, appearing in 51 total contests. Despite not being a starter as a freshman, Williams flashed incredible potential in the defensive line rotation, notching five sacks, 6.5 tackles for loss, and a forced fumble. His contributions dropped in his sophomore season, but he became a full-time starter in his third year. As a starter for the Buckeyes, Williams logged 5.5 sacks, 18 tackles for loss, and six passes defensed in his junior and senior seasons.

Listed at 6-foot-3, 330 pounds, there’s hope that Williams can command multiple blockers when he’s playing at his best. He uses his pre-snap intelligence and imposing frame to stack blockers on the line and disrupt running lanes, making him an outstanding asset for a team that already fielded a top-five rush defense in 2024.

Because of injuries along the defensive line, the Lions were frequently linked to defensive line prospects, though it was more often defensive end prospects, since the team returns both D.J. Reader and Alim McNeill. The team also re-signed former second-round pick Levi Onwuzurike to a one-year deal. Because of this there may not be an immediate role for Williams in Detroit, but the rookie will surely be counted on moving forward.

Williams is the sixth drafted rookie to sign their initial four-year contract in Detroit, leaving only Georgia offensive guard Tate Ratledge, who was selected in the second round. Here’s a breakdown of the team’s 2025 draft class:

NFL Minor Transactions: 5/21/25

Wednesday’s minor transactions from across the NFL:

Arizona Cardinals

Green Bay Packers

Houston Texans

Las Vegas Raiders

Russell heads to Arizona after three seasons in Tampa Bay. So far, with his time in the league, Russell has improved upon his contributions as a player each season. In three years with the Bucs, Russell made four starts and logged 49 tackles.

Tasi arrives in Vegas via the league’s International Player Pathway program. The Australian native is a former rugby player of Samoan descent. The Raiders’ website lists him as a defensive lineman, but Tashan Reed of The Athletic noted that he was being utilized on offense today, as well.

Steelers Sign Round 1 DL Derrick Harmon, Wrap Draft Class Deals

Add the Steelers to the list of teams to have their first-round pick under contract. Pittsburgh agreed to terms with defensive lineman Derrick Harmon on Wednesday, NFL.com’s Tom Pelissero notes.

Harmon’s rookie pact, as the No. 21 overall pick, will run through 2028. The Steelers will have a fifth-year option on the contract, one the team must exercise by May 2028. The Oregon alum will be tied to a fully guaranteed $17.97MM deal. Harmon is the first D-lineman the Steelers have drafted in Round 1 since Cameron Heyward in 2011.

While the Steelers will pair Heyward and Harmon this season, the Oregon prospect profiles as one the team will hope anchors the D-line after Heyward retires. Two seasons remain on Heyward’s deal, though no guarantees are in place beyond 2025. Heyward is heading into his age-36 season; Harmon will not turn 22 until August.

Viewed as a clear landing spot for either Jaxson Dart or Shedeur Sanders, the Steelers instead fortified a D-line by adding a first-rounder alongside Heyward and 2023 second-rounder Keeanu Benton. The Giants were leery of the Steelers’ QB need at No. 21, but New York’s front office expected Pittsburgh to pass. This led to Big Blue trading up (via the Texans) at No. 25 for Dart, a player the Steelers are believed to have graded as a first-round talent.

Pittsburgh’s Aaron Rodgers wait has surpassed two months now, but the organization remains optimistic. The team entered the draft aiming to take its swing for a long-term QB — after missing on Kenny Pickett — in either the 2025 or ’26 drafts. The Harmon pick points such a move to 2026, as the Steelers added an extra third-round pick via the post-draft George Pickens trade with the Cowboys.

Harmon put up career-best numbers during his one season at Oregon. The Michigan State transfer posted five sacks, 11 tackles for loss and two forced fumbles, helping the Ducks to the No. 1 seed in the College Football Playoff. The 311-pounder’s quickness and power make him a menace inside the tackles, but he also showed the ability to line up outside. Although Heyward played sparingly as a rookie 14 years ago, the Steelers will likely turn to Harmon as an immediate regular along their D-line.

This signing wraps the Steelers’ draft class contracts. Here is how Pittsburgh’s class looks heading into OTAs:

Texans To Re-Sign CB Myles Bryant

Nick Caserio will stick with one of the players he helped identify back in his Patriots days. Myles Bryant, a former Pats UDFA, is re-signing with the Texans, KPRC2’s Aaron Wilson reports.

Added on a one-year, $1.75MM deal in 2024, Bryant played in 11 Texans games last season. While the former New England contributor’s Houston workload paled in comparison to his usage in Foxborough, the Washington alum has held a key role at points during his five-year NFL run.

Obtained during Caserio’s final Patriots offseason (2020), Bryant played 75% of the Patriots’ defensive snaps in Bill Belichick‘s final slate (which produced a No. 7-ranked defense). Prior to that, he logged 55% (2021) and 61% (’22) usage rates under Belichick. The Pats turned to Bryant initially after a Jonathan Jones season-ending injury in 2021. New England, however, shifted Jones — its longtime slot corner — to more of an outside role to accommodate Bryant once the veteran returned to full strength. The Pats used both Jones and Bryant regularly over the next two seasons.

Signing with the Texans in late March last year, Bryant did not enjoy a comparable role under DeMeco Ryans. The Texans used the 5-foot-9 defender on just 10% of their defensive snaps last season. He also logged a career-high 121 special teams snaps. Bryant, 27, came to Houston after a 77-tackle season that featured seven TFLs. He will attempt to carve out a bigger role in 2025.

The Texans have a primary slot corner already, having shifted safety Jalen Pitre to that post last year. Pitre recently signed a three-year, $39MM extension that briefly (before Kyler Gordon‘s Bears payday) made him the NFL’s highest-paid pure slot CB. Bryant stands to compete for a job behind Pitre, who saw a pectoral injury end his 2024 season early.

This has proven to be a busy offseason for the Texans at corner. They also used a third-round pick on Jaylin Smith, a cornerback out of USC; that move came after Houston chose boundary starter/Derek Stingley Jr. sidekick Kamari Lassiter in last year’s second round. Prior to paying Pitre, Houston authorized a market-resetting three-year, $90MM extension for Stingley. Highlighting a commitment to the position, the Texans also took a flier on Ronald Darby this offseason.

Giants Sign 13 UDFAs

MAY 21: In addition to Paige, a number of the Giants’ undrafted rookies received significant guarantees upon signing, according to The Athletic’s Dan Duggan. Wide receiver seems to have been the team’s priority after the draft; Collins signed for a team-high $270k in guarantees, while Felton and Wells got $264k and $259k, respectively. In addition, Williams and Fortune each received $165k in guaranteed money.

Felton’s main asset is his 6-foot-5, 213-pound frame with 32.25-inch arms. His lack of lateral agility limited his separation before and after the catch in college; he never crossed 700 receiving yards across four years as a starter in college (two at Norfolk State, two at Virginia Tech). Wells had excellent production in 2021 at James Madison and 2022 at South Carolina, but a fractured foot sidelined him for most of the 2023 season. He had a quiet 2024 season at Ole Miss will likely struggle to make plays with tighter margins against NFL coverage.

MAY 13: After acquiring seven first-year players via the draft, the Giants aren’t finished adding to their rookie class. The team announced the signing of 13 undrafted free agents:

“I’m excited to see how this team comes together,” GM Joe Schoen recently said about his young players (via the team’s website). “I like the players that we have. I like the makeup of the players. I’m confident in the coaching staff, and I’m excited for the 2025 season.”

Makari Paige got a chunk of change to catch on with the Giants; ESPN’s Jordan Raanan reports that the safety got $150K in guaranteed money and a $15K signing bonus. The Michigan product earned a pair of All-Big Ten selections during his college career, and he won a championship in 2023 while contributing 41 tackles. His experience at safety and nickelback could help him earn a spot on the squad.

After skipping the wide receiver position in the draft, the Giants added five players at the position via free agency. Beaux Collins brings the most collegiate experience, with the wideout averaging more than 30 catches per season across three years at Clemson. He spent the 2024 campaign at Notre Dame, where he finished with a career-high 41 catches.