Cincinnati Bengals News & Rumors

Free Agency Notes: Queen, Seahawks, Packers, Panthers, Pats, Jackson, Bengals

The Ravens’ Roquan Smith payment always made it likely Patrick Queen would need to collect his money elsewhere. Now that Queen’s most recent defensive coordinator landed a coaching job, a logical fit has emerged. Indeed, many executives predicted (via the Washington Post’s Jason La Canfora) Queen would wind up reunited with Mike Macdonald in Seattle. With the Seahawks likely to again part ways with Bobby Wagner, spots are open. Jordyn Brooks, who joined Queen as a 2020 first-round LB pick, is also on the cusp of free agency. Queen is coming off his best season — a Pro Bowl showing alongside Smith — and turned a corner once the Bears trade commenced last year.

Checking in eighth on PFR’s top 50 free agents list (before the Chris Jones and Baker Mayfield deals), Queen could be in line to rival what Tremaine Edmunds received ($18MM per year, $41.8MM fully guaranteed) last year and land a top-five ILB contract. Barely 12 hours from the legal tampering period, here is the latest from the free agent scene:

  • Not known for splashy signings, the Packers do look like they are ready to upgrade at one position on the market. Green Bay appears likely to look at the top safeties available, ESPN’s Jeremy Fowler notes. Although several veteran safeties became street free agents due to recent cuts (Justin Simmons, Jamal Adams, Quandre Diggs and Jordan Poyer among them), this saturated market does include two young guns that should be paid well soon. It would not shock to see the Pack pursue Xavier McKinney and Kamren Curl, Fowler adds. Both safeties are going into their age-25 seasons, which could separate them on a crowded market.
  • The Panthers released Bradley Bozeman today, and while they will look for a center, expect a guard pursuit as well. This year’s market is big on guards, and The Athletic’s Joe Person writes the Panthers want to upgrade at a guard spot this offseason. Carolina lost both its starting guards — Brady Christensen, Austin Corbett — to major injuries last season, representing one of the many issues on offense in Bryce Young‘s rookie year. The team does not consider Ikem Ekwonu an option. Despite the 2022 first-rounder playing guard at points in college, ESPN.com’s David Newton indicates the new coaching staff is keeping him at left tackle.
  • The Patriots are open to bringing back J.C. Jackson, according to Sportskeeda.com’s Tony Pauline. Jackson’s season ended early after the team placed the veteran cornerback on the reserve/NFI list. Should Jackson move past the mental health struggles that wrapped his first season back in New England, Pauline adds the team is open to another reunion despite last week’s release.
  • Seeing a revolving door form at right tackle (Bobby Hart, Riley Reiff, La’el Collins, Jonah Williams) over the past four years, the Bengals want that to stop. They may be ready to take a two-pronged approach by adding a veteran and a potential rookie heir apparent. “We would like to have somebody man the right tackle spot for a number of years, yes,” player personnel director Duke Tobin said (via The Athletic’s Paul Dehner Jr.). “We’d like it to be a young guy that can come in and do that or a veteran that might have the opportunity to rebuild his career, something. But yes, we would like that to be manned on multiple fronts. But we’re focused with having it manned well enough to provide us a chance to win next year. That’s the No. 1 thing.” Williams is a free agent, and given the market he might have — as a chance to move to left tackle may await — it is unlikely the 2019 first-round pick is back in Cincinnati.

Bengals Re-Sign OL Cody Ford

The Bengals are holding on to one of their top depth offensive linemen. According to NFL Network’s Mike Garafolo, the Bengals have re-signed guard Cody Ford. It’s a one-year deal for the lineman. The Bengals have since announced the move.

The former second-round pick had stops in Buffalo and Arizona before landing with the Bengals last offseason on a one-year, $1MM deal. Ford ended up emerging as the team’s “sixth offensive lineman,” although thanks to the team’s relative health on the OL, that didn’t result in many offensive snaps.

The veteran ended up starting one of his 17 appearances last season, and he lined up at both left tackle and right guard for his new squad. He was limited to only 79 offensive snaps during his first season in Cincinnati after averaging close to 490 offensive snaps per season through his first four years in the NFL.

Ford will likely be eyeing a similar role in 2024, although he should see more playing time assuming the team doesn’t have the same health luck. Jonah Williams‘ impending free agency opens a temporary spot on the depth chart, although it sounds like the Bengals value Ford’s versatility off the bench vs. handing him a starting gig.

NFL Announces 2024 Compensatory Picks

The NFL has awarded compensatory draft picks for teams in the 2024 draft. Based on an add/subtract formula that covers the 2023 free agency period, comp picks span from Round 3 to Round 7. The higher picks go to the teams that endured the most significant free agent losses.

This year, the NFL awarded 34 comp picks. The comp pick formula assigns picks to franchises who suffered the largest net losses, so teams that signed multiple free agents have a lesser chance of receiving picks. The CBA limits the total compensatory number to 32, per Rob Demovsky of ESPN.com, who notes the Cowboys, Jaguars and Packers qualified for an additional comp pick based on the net loss formula.

The updated NFL format also rewards third-round comp picks to teams that saw a minority assistant coach land a head coaching job or a minority front office exec become a GM. Teams receive two third-round picks for losing an assistant or FO staffer to a top job, but the picks do not come in the same draft. The 49ers’ pipeline here is still flowing and will continue to do so into the 2025 draft, with Ran Carthon landing the Titans’ GM job last year and DeMeco Ryans becoming the Texans’ HC. The Rams collected the first of their two third-rounders for the Falcons’ Raheem Morris hire. The Buccaneers do not receive a comp pick for Dave Canales‘ Panthers move due to the Latino staffer being Tampa Bay’s OC for just one season.

Sorted by round and by team, here are the league’s 2024 compensatory selections.

By round:

Round 3: Jaguars (No. 96 overall), Eagles (No. 97), Rams (No. 98)*, 49ers (No. 99)*

Round 4: 49ers (No. 132), Bills (No. 133), Ravens (No. 134)

Round 5: Saints (No. 167), Packers (No. 168), Saints (No. 169), Eagles (No. 170), Eagles (No. 171), Chiefs (No. 172), Cowboys (No. 173), Saints (No. 174), 49ers (No. 175)

Round 6: Bengals (No. 208), Rams (No. 209), Eagles (No. 210), 49ers (No. 211), Jaguars (No. 212), Rams (No. 213), Bengals (No. 214), 49ers (No. 215), Cowboys (No. 216), Rams (No. 217), Jets (No. 218), Packers (No. 219), Buccaneers (No. 220)

Round 7: Chargers (No. 253), Rams (No. 254), Packers (No. 255), Jets (No. 256), Jets (No. 257)

* = special compensatory selection

By team:

  • Los Angeles Rams: 5
  • San Francisco 49ers: 5
  • Philadelphia Eagles: 4
  • Green Bay Packers: 3
  • New Orleans Saints: 3
  • New York Jets: 3
  • Cincinnati Bengals: 2
  • Dallas Cowboys: 2
  • Jacksonville Jaguars: 2
  • Baltimore Ravens: 1
  • Buffalo Bills: 1
  • Kansas City Chiefs: 1
  • Los Angeles Chargers: 1
  • Tampa Bay Buccaneers: 1

2024 Top 50 NFL Free Agents

With the franchise tag application deadline in the rearview mirror, we have a clearer picture of who will be available in free agency. Barring 11th-hour deals, starting quarterbacks and a future Hall of Fame defensive tackle will drive the class in the 32nd year of full-fledged free agency in the NFL.

In addition to the Kirk CousinsBaker MayfieldChris Jones trio, interior offensive linemen will cash in as part of this year’s crop. Last year’s tackle class was a bit deeper; this year, O-line dollars figure to be funneled inside.

The NFL’s legal tampering period, which gives players a window to speak with other teams and reach unofficial agreements, begins at 11am CT on March 11. The new league year opens two days later, though much of the frenzy will take place during the tampering period.

This list ranks free agents by earning potential, with guaranteed money serving as the general measuring stick. This is one of the great running back classes in free agency annals, but even though some of the RBs’ accomplishments far eclipse many of the players ranked above them, the position’s market has absorbed numerous hits. Older standouts, including potential Hall of Famers, not having the earning power they once did also factors into this equation.

Here is this year’s PFR top 50 free agents list, along with potential landing spots for each player.

1. Kirk Cousins, QB. Age in Week 1: 36

Cousins hitting free agency in his prime six years ago brought countless rumors about his value and future. Quarterback movement was less common then. Cousins made that foray count, scoring a landmark deal from the Vikings – a fully guaranteed three-year, $84MM pact. We are back here again because Cousins and the Vikings could not agree on a fourth extension, with the sides’ 2023 talks breaking down in part because Minnesota refused to provide guarantees into a third year. Cousins is coming off an Achilles tear, but given the need here, the 13th-year veteran is back atop a free agent value list.

Thanks to Cousins’ two-franchise tag path out of Washington in the late 2010s, the Vikings could not realistically tag their quarterback. No one has been tagged a third time since the 2006 CBA made doing so prohibitive. While the Vikings and Cousins have each expressed interest in a reunion, time is running out due to the structure of Cousins’ third Vikings contract. And a clear threat has emerged.

If Minnesota cannot re-sign Cousins before the start of the 2024 league year, $28.5MM in dead money will move onto the team’s 2024 cap sheet. Considering the dead cap awaiting and the Vikings holding the No. 11 overall draft slot, the team is in crunch time at quarterback. Minnesota will need to decide on perhaps one final contract with one of the NFL’s all-time financial mavens, and with Justin Jefferson interested in the team’s decision with the quarterback that helped him to a historic start, the NFC North club is navigating a layered process.

Never confused with a top-tier quarterback, Cousins has been in the league’s upper third for much of his career. The former Washington fourth-rounder had thrown 18 TD passes compared to five INTs before the Week 8 Achilles tear shut him down, finishing this productive stretch with Jefferson sidelined three games. QBR slotted Cousins seventh last season but rehabbing this injury in his mid-30s certainly will not make teams feel great about the offers required to win this derby. Still, this is the cost of doing business with above-average QBs.

Cousins has all of one Pro Bowl as a non-alternate, coming in 2022. Illustrating the value this position brings and Cousins having the upper hand on the Vikings in negotiations thanks to the fully guaranteed deal he landed in 2018, the Michigan State alum has made more than $231MM in his career. That number will almost definitely balloon past $300MM by 2025. Cousins has signed deals worth $28MM, $33MM and $35MM per year. Although Derek Carr scored a $37.5MM-AAV Saints pact and a practical guarantee of $70MM, Cousins’ consistency and financial shrewdness may still top that even near the end of his mid-30s.

Only Fran Tarkenton and Tommy Kramer have served as Vikings QB1s longer than Cousins, but Minnesota also must begin planning for the future. The team has seen Cousins and Jefferson form a dominant connection; Minnesota has also won just one playoff game since signing Cousins, failing to reach the postseason in three of his healthy years. If the Vikings pass and set their sights on the draft, who will make the payment?

Facing incomprehensible dead money due to the Russell Wilson extension going bust, the Broncos could certainly use Cousins as a bridge. Denver’s dead cap — $85MM over the next two years once Wilson is designated a post-June 1 cut — will make this signing difficult. The Broncos bowed out of the Cousins sweepstakes six years ago, signing Case Keenum; they may not have the resources to make a competitive bid now.

Cousins-to-Atlanta is producing enough smoke it is time to closely monitor this relocation; this reality would put Terry Fontenot’s skill-position draftees in better position to thrive, after Marcus Mariota and Desmond Ridder held them back. While Justin Fields odds pointed the Bears QB to Atlanta last week, it looks like the Falcons prefer a proving passing option. Hiring ex-Rams QBs coach Zac Robinson as OC, the Falcons appear the Vikings’ top threat if Cousins hits the tampering period unsigned.

Best fits: Falcons, Vikings, Broncos

2. Baker Mayfield, QB. Age in Week 1: 29

Were this an accomplishments-based ranking, Mayfield would not sniff this tier. Starting QBs in their primes get paid, as they rarely reach the market. Mayfield is not exactly a set-it-and-forget-it option, as this era has featured less QB patience than previous NFL periods. But he is being linked in the $35MM-per-year range. That marks a staggering transformation from 2023, when one team was willing to make the former No. 1 pick its starter favorite.

Mayfield turned down slightly more lucrative offers to vie against only Kyle Trask — after the Bucs passed on Will Levis, whom they brought in for a “30” visit — last year. The bet on a return to form in Dave Canales’ system paid off, though it is important to note how far the ex-Browns QB1 fell over the previous two seasons. Rumblings of a franchise-level extension — in the $30MM-plus-AAV range, when that number meant more — surrounded Mayfield’s 2021 offseason, which followed the ’20 Browns nearly upsetting the Chiefs in the divisional round. That remains Cleveland’s lone Round 2 playoff run since 1989. Had Mayfield built on the progress he showed in 2020, an alternate NFL reality — in which the Falcons have Deshaun Watson and the Bucs pursue a different post-Tom Brady stopgap — probably ensues. But the ’21 season tanked Mayfield’s stock, which had farther to fall in 2022.

An early-season injury to Mayfield’s non-throwing shoulder plagued him in 2021, and after the Browns’ unrefusable Watson offer led Mayfield to Carolina, horrid form keyed a last-place QBR finish in 2022. Mayfield’s 2023 QBR (54.3) trails his 2020 number (65.5), and the Bucs went from 3-0 to 4-7 to the divisional round. This rollercoaster ride provided a nice microcosm of Mayfield’s pro career, which also involved a steep 2019 dip due largely to Freddie Kitchens being overmatched as a head coach. But the inconsistency should matter here, to a degree.

If the Bucs let Mayfield hit the market, the statuses of Cousins and Justin Fields will be intertwined with his as teams without top-three draft real estate determine their options. It is not out of the question clubs could view Sam Darnold, Jacoby Brissett, Gardner Minshew or Ryan Tannehill at a far lower price as a more cost-effective option than Mayfield. The Giants faced same question last year; was there a team willing to go to the $40MM-per-year place had Big Blue let Daniel Jones hit free agency? The Jones contract has likely come up in Mayfield negotiations, complicating the Bucs’ decision.

Mayfield established new career-high marks in TD passes (28) and yards (4,044). He also limited his INTs to 10 in Canales’ offense. The Bucs gave Mayfield input in their OC search, which produced ex-Rams OC Liam Coen, providing an obvious signal they do not intend to let him get away. The Bucs just made the playoffs with Brady’s $35.1MM void years-driven dead money on their payroll. While Mayfield’s deal would be backloaded, Tampa Bay would not see too much change here with Mayfield set to go from a $4MM base salary to likely beyond $30MM.

Geno Smith’s three-year, $75MM deal should serve as Mayfield’s floor, as it is the veteran-QB1 basement presently. But Smith agreed to Seahawks-friendly terms. A pay-as-you-go contract is unlikely here, with the Jones and Derek Carr deals respectively producing practical guarantees of $81MM and $70MM. Mayfield is also four years younger than Smith. Mayfield might not match Jones and Carr for AAV, but the Bucs will need to pay him more per year than they did Brady ($25MM).

Passing would make the Bucs start over from a poor draft slot to do so (No. 25), arming Mayfield’s camp with more leverage. The Vikings being unable to complete a deal with Cousins could make them a Mayfield suitor, and while the Patriots have quite a few connections to the former Heisman winner — including Eliot Wolf and OC Alex Van Pelt — it does not make too much sense for the Pats taking this route given the shape of their roster. With Fields and Cousins in the mix and the Steelers setting their sights lower, Mayfield’s options are still somewhat limited. That will play into the Bucs’ hands; both sides need to be careful here.

Best fits: Buccaneers, Falcons, Vikings

3. Chris Jones, IDL. Age in Week 1: 30

The Chiefs secured dynasty status after trading Tyreek Hill and, barring some playoff surges, missing on the Frank Clark contract. They have not paid cornerbacks during this stretch, highlighting the importance of Steve Spagnuolo’s centerpiece defender. (L’Jarius Sneed’s franchise tag, coming with heavy trade rumors, points to the Chiefs going in this direction again.) Patrick Mahomes and, especially over the past year, Travis Kelce receive most of the attention. Jones has been the clear third Chiefs pillar during this period, racking up five All-Pro honors and being the only pure defensive tackle in the sack era (1982-present) to record two 15-sack seasons.

Jones has also been durable, missing more than two games in a season just twice and suiting up for all but one contest during Kansas City’s back-to-back Super Bowl-winning campaigns. That makes the Chiefs’ defensive struggles in Week 1, during Jones’ holdout, notable. Rightfully asking for money in the Aaron Donald neighborhood, Jones bet on himself rather than accept a Chiefs offer that placed him on the same plane as less proven DTs — in the second tier that formed thanks to 2023’s Jeffery Simmons, Quinnen Williams, Daron Payne and Dexter Lawrence extensions. With Nick Bosa raising the defender ceiling to $34MM per year in September, Jones reaching $30MM AAV is in play on the open market. The Chiefs’ top priority is preventing Jones reaching free agency.

Kansas City franchise-tagged Jones in 2020, which always made a 2024 tag – at 120% of his pre-restructure 2023 salary, pushing the total past $32MM — unrealistic. Although Jones has said on multiple occasions he wants to stay in Missouri, the Chiefs’ negotiations last year created the risk of losing one of the best players in franchise history. From a pass-rushing standpoint, Jones has surpassed Donald (the current Donald version, that is) during the Chiefs’ back-to-back Super Bowl-winning years. He is three years younger than the Rams all-time great. Donald needed to threaten retirement to secure his landmark raise at 31; Jones reaching the open market healthy — in a year when a record cap spike occurred — effectively maximizes his leverage.

Javon Hargrave scored a $21MM-per-year pact; it took only $40MM fully guaranteed for the 49ers to land him. From an accomplishments and impact standpoint, Jones’ free agency is closer to Reggie White’s than Hargrave. White was 31 when his 1993 free agency tour commenced. Albert Haynesworth (2009) and Ndamukong Suh (2015) scored record-setting deals when they hit the market. Jones probably will not top Bosa’s AAV, but eclipsing the current DT guarantee high (Williams’ $66MM) seems likely.

The Chiefs have shown they can get by after losing corners; they have not shown they can win without Jones, who has made countless pivotal plays while rushing from inside and outside. The most recent led to a 49ers overtime field goal, which set up a championship-cementing Chiefs drive. Kansas City will need to make a monster offer to keep Jones off the market, but at this point, the champs must prepare to outbid other teams as their future Hall of Fame DT is less than a week away from testing the market.

Bears GM Ryan Poles was in Kansas City when the Chiefs drafted Jones in the 2016 second round, and Chicago is likely to restart its QB contract clock via a Caleb Williams pick soon. The Texans also have a rookie-QB contract (and Will Anderson on a rookie pact) around which Jones’ guaranteed years could be structured. With budgets increasing as of the recent cap news, teams could enter this bidding for one of the best defenders to ever hit free agency.

Best fits: Chiefs, Texans, Bears

4. Christian Wilkins, IDL. Age in Week 1: 28

The stars have aligned for Wilkins. From the Dolphins’ cap status to Justin Madubuike being franchise-tagged and the rest of the high-level D-tackles from Wilkins’ draft class being extended last year, the charismatic Clemson alum is about to reap the rewards of hitting free agency at this point. Excelling against the run and coming off his best pass-rushing season, the five-year veteran is likely to land a deal in the ballpark of those given to the rest of the 2019 first-round DT contingent. If the Chiefs re-sign Chris Jones, suddenly the player the Dolphins shied away from extending is the market’s top D-tackle prize.

Negotiations dragged on last summer, and other deals set the market. The Commanders extended Daron Payne in March, while the Titans reached an agreement with Jeffery Simmons in April. Dexter Lawrence followed in May, and the Jets hammered out their Quinnen Williams re-up just before training camp. Each pact was worth between $22.5-$24MM per year, creating a new second tier behind Aaron Donald’s outlier accord, and brought between $46-$47.9MM guaranteed at signing. This is a narrow range, making it a bit odd nothing was finalized. The Dolphins offered a top-10 DT salary, but that falls short of the Payne-Simmons-Lawrence-Williams range. It is possible the Dolphins also used 2019 first-round DT Ed Oliver’s deal, which came in lower ($17MM AAV, $24.5MM guaranteed at signing) as a comp in these talks. That would naturally introduce a complication.

A September rumor suggested the Dolphins were hesitant to go into the above-referenced price range due to Wilkins’ low sack output (11.5 sacks from 2019-22). He responded with a career year, tallying nine sacks — twice as many as his previous best — and 23 QB hits (10 more than his prior best). Wilkins finished 13th in ESPN’s pass rush win rate metric. This came after ESPN’s run stop win rate metric viewed Wilkins as a dominant presence, ranking him first in 2022 and second in 2021. Wilkins, who also deflected 15 passes from 2020-22, adding a pass rush piece will be valuable soon.

Residing in poor cap shape, the Dolphins already released Jerome Baker and Emmanuel Ogbah and are set to cut Xavien Howard. They have also paid two D-line pieces — DE Bradley Chubb, DT Zach Sieler — eight figures per year and have Jaelan Phillips presumably on the extension radar. Will Wilkins, acquired during Brian Flores’ first year, need to find his money elsewhere? Flores’ Vikings could be waiting.

Best fits: Texans, Vikings, Patriots

5. Jonathan Greenard, Edge. Age in Week 1: 27

Already a lower-profile franchise, the Texans saw their on-field work drift off the radar as their Bill O’Brien-run operation cratered and produced two subsequent HC one-and-dones. One of the players who was worth monitoring during this bleak period broke through to help Houston re-emerge under DeMeco Ryans. Greenard delivered a 12.5-sack season, leading the Texans in sacks by a wide margin and providing Will Anderson with a quality bookend.

A fringe tag candidate entering the offseason, Greenard had already tallied an eight-sack season (in 2021) before an injury-plagued 2022 stalled his early-career momentum. But last season brought new territory. Ranking 20th with 33 quarterback pressures, Greenard smashed his career-high with 22 QB hits. He ranked sixth among edge rushers in ESPN’s pass rush win rate metric in 2023. Reinvigorated in Ryans’ scheme, Greenard profiles as a player the Texans want to re-sign. But rumblings about his price will put Houston to the test. An AAV in the $22MM neighborhood could be in the offing for a player whose best work should still be ahead. Teams look eager to land Greenard.

Sitting in the top five in cap space and having Anderson and C.J. Stroud tied to rookie deals through at least 2025, the Texans can afford to make some investments elsewhere. They have begun doing so via the Dalton Schultz re-signing. Beyond its O-line, Houston’s cap sheet is light on big payments. Regularly stocking the roster with two-year deals at lower-middle-class rates, GM Nick Caserio has not gone to this financial territory to retain a player just yet. The Patriots would regularly let this type of player walk, as the Trey Flowers 2019 Detroit defection illustrates. The Texans’ Stroud and Anderson situations, however, support a re-signing.

Best fits: Texans, Commanders, Bears

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RFA/ERFA Tender Decisions: 2/28/24

Decisions were made for three exclusive rights free agents today:

ERFAs

Tendered:

Non-tendered:

Cincinnati made the call to hold on to their starting long snapper of the past two seasons, as well as their backup quarterback. An undrafted free agent out of Washington back in 2019, Browning finally made his NFL debut this year, getting significant run due to a season-ending injury to starter Joe Burrow. In seven starts as Burrow’s replacement, Browning led the league with a 70.4 completion percentage, throwing 12 touchdowns to seven interceptions while averaging just over 215 passing yards per game. The team won four of the seven games in which Browning started. As tendered exclusive rights free agents, Adomitis and Browning will have the option to either sign the tender offer or work towards a long-term deal.

Dorsey, on the other hand, will head to the free agent market after Detroit opted not to pick him back up. A depth cornerback, Dorsey started two games for the Lions this year but had a bigger impact on special teams, where he served as the team’s top kickoff return man.

2024 NFL Cap Space, By Team

The NFL provided clarity to its teams on Friday by setting the salary cap ceiling ($255.4MM). Franchise tag figures have been locked in as well, and clubs can now proceed with their offseason planning knowing exactly where they stand with respect to financial flexibility. Courtesy of Over the Cap, here is the current landscape in terms of salary cap space:

  1. Washington Commanders: $79.61MM
  2. Tennessee Titans: $78.66MM
  3. Chicago Bears: $78.34MM
  4. New England Patriots: $77.96MM
  5. Indianapolis Colts: $72.34MM
  6. Houston Texans: $67.58MM
  7. Detroit Lions: $57.61MM
  8. Arizona Cardinals: $51.1MM
  9. Cincinnati Bengals: $50.67MM
  10. Tampa Bay Buccaneers: $43.68MM
  11. Los Angles Rams: $43.11MM
  12. Las Vegas Raiders: $42.94MM
  13. Minnesota Vikings: $35.81MM
  14. Carolina Panthers: $34.57MM
  15. Atlanta Falcons: $33MM
  16. New York Giants: $30.8MM
  17. Philadelphia Eagles: $27.35MM
  18. Jacksonville Jaguars: $24.68MM
  19. Kansas City Chiefs: $18.19MM
  20. Baltimore Ravens: $16.63MM
  21. Seattle Seahawks: $12.97MM
  22. New York Jets: $12.76MM
  23. Pittsburgh Steelers: $9MM
  24. Green Bay Packers: $2.3MM
  25. San Francisco 49ers: $5.07MM over the cap
  26. Cleveland Browns: $7.76MM over
  27. Dallas Cowboys: $9.86MM over
  28. Denver Broncos: $16.81MM over
  29. Los Angeles Chargers: $25.61MM over
  30. Miami Dolphins: $27.92MM over
  31. New Orleans Saints: $42.11MM over
  32. Buffalo Bills: $43.82MM over

All teams must be cap compliant by the start of the new league year, but it will of course be more than just those currently over the limit which will make cost-shedding moves in the near future. Cuts, restructures and extensions are available as tools to carve out space in advance of free agency. Several have already taken place around the league.

That includes the Dolphins’ release of defensive end Emmanuel Ogbah and the planned cut of Xavien Howard. The latter cannot be designated a post-June 1 release until free agency begins but once it happens, Miami will move much closer to cap compliance. The Saints have moved considerable commitments into the future via restructures (as usual), but more transactions on that front will be required even with the cap seeing an historic single-season jump.

The roughly $30MM spike from 2023 will provide unforeseen spending power for teams already set to lead the pack in cap space while also making the task of those at the bottom of the list easier. Spending more on backloaded contracts this offseason at the expense of future space obviously carries risk, however. Still, the news of a higher-than-expected ceiling will add further intrigue to each team’s financial planning.

With Dak Prescott and Deshaun Watson each set to carry record-breaking cap hits for 2024, the Cowboys and Browns will be among the teams most in need of working out a deal to lower those figures. In Dallas’ case in particular, an extension would provide immediate breathing room in addition to clarity on his future beyond the coming season. For Cleveland, Watson’s fully-guaranteed deal has already been restructured once and will need to be again to avoid consecutive years of a $64MM cap charge over its remaining term.

If the Commanders and Patriots add a quarterback with the second and third picks in this year’s draft, each team currently in the top six in space will enjoy the benefits of having a signal-caller on their rookie contracts. That would allow for an aggressive approach to free agency, although the Chiefs’ success after Patrick Mahomes signed (and re-worked) his monster extension has proven it is possible to win Super Bowl titles with a substantial QB investment on the books.

AFC North Coaching Updates: Sullivan, Ravens, Bengals

With the Patriots and Bill Belichick parting ways this offseason, the AFC North is now home to the NFL’s two longest-tenured head coaches, and though the Steelers haven’t had a change at head coach in 17 years, they were required to make some adjustments to the offensive coaching staff this offseason. We’ve reported on a number of staff changes on offense after the hiring of new coordinator Arthur Smith, but the team’s recent finalized staff announcement provided us with a few more updates.

We saw that Pittsburgh made the call to replace former quarterbacks coach Mike Sullivan with Tom Arth two weeks ago, but we now see that Sullivan will be retained on staff in the role of senior offensive assistant. Additionally, Smith seems to have brought two coaches with him from Atlanta. Former Falcons specials teams assistant Matt Baker and Bill Walsh Diversity Coaching Fellow Mateo Kambui, who worked with Atlanta’s offensive line, have both been brought on in the role of offensive assistant.

On defense and special teams, only two changes were noted. First, we already saw the departure of assistant defensive backs coach Gerald Alexander in the announcement that he would become the safeties coach in Las Vegas. Second, special teams quality control coach Matt Tomsho does not appear on the team’s new coaching roster and doesn’t seem to have been retained. Neither position was filled with a new staffer.

Here are a couple other staff updates coming out of the AFC North:

  • With former associate head coach and defensive line coach Anthony Weaver departing for the defensive coordinator job in Miami, the Ravens needed to find someone new to coach their talented defensive line. According to Jonathan Jones of CBS Sports, Baltimore has found their man in former Baylor defensive line coach Dennis Johnson. A former defensive tackle at LSU, Johnson has coached defensive lines at the college level for both his alma mater and the Bears in Waco. His best defensive lines were at LSU in 2018 and Baylor in 2021, coaching players like Siaki Ika and K’Lavon Chaisson.
  • The Bengals have brought in a collegiate staffer, as well, per Pete Thamel of ESPN, hiring former Oregon offensive analyst Jordan Salkin to their staff as an offensive assistant. Salkin’s experience at the college level was focused on the quarterbacks position, and he fills the role in Cincinnati left vacant with Fredi Knighten being promoted to assistant quarterbacks coach.

Bengals Use Franchise Tag On Tee Higgins

The Bengals have a number of pending free agents to deal with heading into the new league year, but the team has made the decision to cover their bases with wide receiver Tee Higgins by informing him that they will apply the franchise tag to him in 2024, according to Ian Rapoport of NFL Network. The team has since announced the move.

If Higgins had been selected one pick earlier in 2020, Cincinnati may have been enjoying the luxury of a fifth-year option right now. Instead, as the first pick of the second round, Higgins’ four-year rookie contract has now come to an end. One of the more consistent producers of the past four years, Higgins was sure to draw a nice deal in free agency.

[RELATED: 2024 NFL Franchise Tag Candidates]

The franchise tag numbers were released by the NFL today, informing us that the Bengals move will cost them $21.82MM. The Bengals will now have until July 15 to work out a long-term deal, and as Tony Pauline of Sportskeeda.com writes, Cincy is currently trying to do just that. If player and team cannot come to terms by the March 5 deadline for utilizing the franchise tag, the Bengals will hit Higgins with the tag but will continue extension discussions.

As a rookie, Higgins took over in a receiving room that included Tyler Boyd and an aging A.J. Green. He would lead the team in both receiving yards (908) and touchdowns (six). His sophomore season, Higgins watched a rookie Ja’Marr Chase do the same thing he had done his rookie year. Despite improving his yards (1,091) and matching his touchdown total (six) from the previous year in two fewer games, Higgins was outpaced by Chase’s stellar rookie totals. In 2022, the two established themselves one of the premier receiving duos in the league as Higgins once again surpassed the 1,000-yard mark and caught seven touchdowns.

In this season’s contract year, Higgins failed to deliver a fourth straight strong season to really bolster his free agency resume. Still, despite missing five games, Higgins was second on the team with five touchdown receptions and was 11 yards short of finishing second in receiving yards, as well. Had he played the extra five games, he would’ve been on pace to see similar numbers to his rookie year; this all despite the season-ending injury to star quarterback Joe Burrow.

Regardless, the Bengals have had to set their sights on the futures of all three of their top receivers, including veteran Tyler Boyd. Chase still has two years on his rookie deal, including the fifth-year option, but as one of the league’s best young wideouts, Cincinnati should feel early pressure to get him inked to a long-term deal sooner rather than later. Boyd also faces free agency after finishing out his four-year, $43MM extension. The Bengals famously are not fans of doling out third contracts to veterans, but they did break their own rule by extending defensive end Trey Hendrickson last year. It will be interesting to see if Boyd returns or if Cincinnati goes in a younger direction.

While decisions on Chase and Boyd remain, Higgins’ situation becomes a bit less pressing now. As noted above, the Bengals will continue working on an extension to keep Higgins around long-term, but by applying the franchise tag, they’ve laid out a safety net that buys them a bit more time.

For now, this puts Higgins just under the average annual value of players like Deebo Samuel and Terry McLaurin and just over players like D.J. Moore and Keenan Allen. Cincinnati holds $72.84MM of cap space, after the release of the new salary cap numbers today, good for fifth-most in the league. The Bengals will need every bit of it to navigate some of the contract decisions they’ll have to make moving forward.

2024 NFL Franchise Tag Candidates

A valuable tool for teams to keep top free agents off the market, the franchise tag has been in existence since 1993. This week brought the opening of the 2024 tag window. Clubs have until 3pm CT on March 5 to apply tags. As the Giants’ situation showed last year, most of the tag-related business comes near the close of this window. Teams will continue to work toward re-signing their respective tag candidates, thus preventing a lofty franchise tender from hitting their cap sheet.

The legal tampering period opens March 11, with the new league year (and official free agency) starting March 13. Once a player is tagged, he has until July 15 to sign an extension with his respective team. Absent an extension agreement by that date, the player must play the 2023 season on the tag (or go the Le’Veon Bell/Dan Williams/Sean Gilbert route, passing on guaranteed money and skipping the season).

High-profile free agents remain weeks away from hitting the market. As PFR’s tag recipients list shows, a handful of players are prevented from taking their services to free agency each year. This year looks to present a few more tag candidates compared to 2023. With a handful of teams determining if they will need to use the tag to prevent a free agency path, here are the players who figure to be tagged or at least generate conversations about being franchised ahead of the March 5 deadline:

Locks

Josh Allen, OLB (Jaguars)
Tag cost: $24MM

GM Trent Baalke did not leave much suspense when he addressed Allen’s future last month. The veteran exec said the 2019 first-round pick will be a Jaguar in 2024, indicating the team would use its franchise tag if necessary. The Jaguars do have Calvin Ridley as a free agent, but the team would owe the Falcons a 2024 second-round pick if it extended the wide receiver’s contract before the start of the league year. The second pick sent to Atlanta will only be a third-rounder if Jacksonville lets Ridley hit free agency. It makes more sense for Jacksonville to circle back to Ridley after allowing him to test the market. An Allen tag effectively ensures that will happen.

Timing his sack breakthrough well, Allen registered a Jags-record 17.5 during his contract year. The five-year Jaguar has combined for 55 QB hits over the past two seasons and ranks top 10 in pressures over the past three. The tag regularly keeps top edge rushers from hitting free agency, and the 26-year-old pass rusher — while obviously wanting to be paid what he’s worth — expressed a desire to stay in Jacksonville long term.

The Jags have regularly unholstered their tag during the 2020s, cuffing Yannick Ngakoue in 2020 and then keeping Cam Robinson off the 2021 and ’22 markets. The team kept Evan Engram out of free agency last year. Robinson signed an extension in 2022, and the Jags re-upped Engram last July. The Ngakoue situation could be notable, as the edge rusher became disgruntled with the Jags and was eventually traded to the Vikings that summer. No signs of that level of trouble are brewing with Allen yet.

Jaylon Johnson, CB (Bears)
Tag cost: $19.8MM

Johnson is likely to become the first franchise-tagged cornerback since the Rams kept Trumaine Johnson off the 2017 market. The Bears are the most recent team to tag a corner, using the transition tag to cuff Kyle Fuller in 2018. They will almost definitely follow suit with Johnson, who has been rumored to be tagged for several weeks. A Ryan Pace-era draftee, Johnson expressed his desire to stay with the Bears ahead of his contract year. With that platform campaign producing some twists and turns, that price has gone up significantly.

After unsuccessful in-season extension talks, the Bears gave Johnson an 11th-hour opportunity to gauge his trade value. The Bears did not alert teams Johnson, 24, was available until the night before the Oct. 31 deadline. Although the Bills and 49ers engaged in talks about a trade, the Bears held out for a first- or second-round pick. Nothing materialized, which will likely come up during the team’s talks with Johnson. The Bears then extended trade pickup Montez Sweat, leaving Johnson in limbo. But the former second-round pick stuck the landing on an impact season. He is firmly in the Bears’ plans, and the team holds more than $66MM in cap space — plenty to squeeze in a tag onto the payroll.

Pro Football Focus’ top-graded corner in 2023, Johnson displayed a new gear that has made him worthy of a tag. Finishing with four interceptions and allowing just a 50.9 passer rating as the closest defender, the Utah alum soared to second-team All-Pro status. The Bears, who last used the tag on Allen Robinson in 2021, made no secret of their interest in retaining Johnson and will have a few more months to negotiate with him as a result of the tag.

Likely tag recipients

Brian Burns, OLB (Panthers)
Projected tag cost: $24MM

The Panthers hiring a new GM and head coach classifies this as just short of a lock, but familiar faces remain. Carolina promoted assistant general manager Dan Morgan to GM and blocked DC Ejiro Evero from departing. Burns has been viewed as a likely tag recipient since last season, after negotiations broke down. The Panthers have not offered a negotiating masterclass here, as Burns has been extension-eligible since the 2022 offseason. Since-fired GM Scott Fitterer had viewed Burns as a re-up candidate for two offseasons, but multiple rounds of trade talks boosted the 2019 first-rounder’s leverage.

In what looks like a mistake, the Panthers passed on a Rams offer that included two first-rounders and a third for Burns at the 2022 trade deadline. Carolina then kept Burns out of 2023 trade talks with Chicago about the No. 1 pick, ultimately sending D.J. Moore to the Windy City for the Bryce Young draft slot. Carolina also kept Burns at the 2023 deadline, as teams looked into the top pass rusher on the NFL’s worst team. Burns also saw his position’s market change via Nick Bosa‘s record-setting extension ($34MM per year). The 49ers’ landmark accord came to pass after Burns had set a $30MM-AAV price point, complicating Morgan’s upcoming assignment.

Burns, 25, has registered at least 7.5 sacks in each of his five seasons. While he has only topped nine in a season once (2022), the two-time Pro Bowler is one of the league’s better edge rushers. Given the Panthers’ history with Burns, it would be borderline shocking to see the team allow the Florida State alum to leave in exchange for merely a third-round compensatory pick.

Burns has said he wants to stay with the Panthers; he is unlikely to have a choice this year. The Panthers last used the tag to keep right tackle Taylor Moton off the market in 2021; the sides agreed to an extension that offseason.

Tee Higgins, WR (Bengals)
Tag cost: $21.82MM

Seeing their hopes of capitalizing on the final year of Higgins’ rookie contract dashed due to Joe Burrow‘s season-ending injury, the Bengals look to be giving strong consideration to keeping the Burrow-Higgins-Ja’Marr Chase trio together for one last ride of sorts. The Bengals hold $59.4MM in cap space — fifth-most currently — and structured Burrow’s extension in a way that makes a Higgins tag palatable. Burrow’s deal does not spike into historic cap territory until 2025.

While a future in which Chase and Higgins are signed long term is more difficult to foresee, the Bengals still carry one of the AFC’s best rosters. It is likely Burrow’s top two weapons remain in the fold for at least one more year. Higgins, 25, did not come close to posting a third straight 1,000-yard season. Burrow’s injury had plenty to do with that, though the former second-round pick started slowly. A Bengals 2023 extension offer underwhelmed Higgins, but the Bengals kept him out of trades. A tag will give Cincinnati the option to rent him for 2024. A tag-and-trade transaction is viewed as unlikely, as the Bengals load up again.

How the organization proceeds beyond 2024 will be a key storyline, but the Bengals — who kept Jessie Bates in similar fashion in 2022 — are positioned well to run back perhaps the NFL’s best receiving tandem. While director of player personnel Duke Tobin stopped short of guaranteeing Higgins will be a Bengal in 2024, signs point to it.

Justin Madubuike, DL (Ravens)
Tag cost: $22.1MM

Seeing their defensive coordinator depart and once again facing questions at outside linebacker, the Ravens have the option of keeping their top 2023 pass rusher off the market. They are probably going to take that route. Madubuike raised his price considerably during an impact contract year, leading the Ravens with 13 sacks. While Mike Macdonald was able to coax surprising seasons from late additions Jadeveon Clowney and Kyle Van Noy, Madubuike drove Baltimore’s defensive engine and will likely be guaranteed a high salary by signing his franchise tender.

Perennially interested in hoarding compensatory picks, the Ravens have regularly let breakthrough pass rushers walk in free agency. This dates back to the likes of Paul Kruger and Pernell McPhee and subsequently included Za’Darius Smith and Matt Judon. The Ravens have only been able to replace Judon with stopgap options — from Clowney to Van Noy to Justin Houston — and again must figure out a solution alongside Odafe Oweh on the edge. Madubuike, 26, proved too good to let walk; the former third-round pick will once again be expected to anchor Baltimore’s pass rush in 2024.

Antoine Winfield Jr., S (Buccaneers)
Tag cost: $17.12MM

We mentioned Winfield as the Bucs’ most likely tag recipient around the midseason point, and signs now point to that reality coming to pass. The Bucs want to re-sign Baker Mayfield and Mike Evans. The bounce-back quarterback’s tender price would check in at nearly $36MM, and because Evans was attached to a veteran contract, his tag number would come in well north of Higgins’ — at beyond $28MM. As such, the Bucs cuffing Winfield has always made the most sense, and after the second-generation NFL DB’s dominant contract year, it would be stunning to see the team let him walk.

The Bucs have let their recent top free agents test free agency, only to re-sign Shaquil Barrett (2021), Carlton Davis (2022) and Jamel Dean (2023). Winfield may be on a higher plane, having secured first-team All-Pro acclaim last season. Davis and Dean have never made a Pro Bowl; Winfield’s productive and well-regarded 2023 stands to separate him. Winfield, 25, tallied six sacks and three interceptions while forcing an NFL-leading six fumbles. This included a pivotal strip of DJ Chark in the Bucs’ Week 18 win over the Panthers, which clinched them the NFC South title.

Winfield will undoubtedly be eyeing a top-market safety extension. Derwin James established the current standard, $19MM per year, just before the 2022 season. Last year’s safety market did not feature big-ticket prices, for the most part, but the Falcons made Jessie Bates (four years, $64MM) an exception. If Winfield were to reach free agency, he would be expected to eclipse that.

The Bucs, who have used the tag three times in the 2020s, should not be considered likely to let Winfield follow Davis and Dean’s path by speaking with other teams. Tampa Bay has used the tag three times in the 2020s, cuffing Barrett in 2020 and tagging Chris Godwin twice. The team eventually re-signed both, and while the statuses of Mayfield and Evans (and All-Pro tackle Tristan Wirfs) create a crowded contract queue, the Bucs will certainly be interested in re-upping Winfield.

On tag radar

Saquon Barkley, RB (Giants)
Tag cost: $12MM

Barkley has said he wants to finish his career with the Giants, and the team will meet with the Pro Bowl running back’s camp at the Combine. But a recent report indicated the team is highly unlikely to tag the six-year veteran a second time. The Giants should not be ruled out from reversing course and keeping Barkley, given his importance to an otherwise low-octane offense, but it appears they are prepared to move on if the talented RB does not accept their extension offer this time around. A host of talented backs await in free agency, though Barkley would likely be the top prize were he to reach the market.

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AFC South Notes: Texans, Colts, Anderson

The Texans were one of the NFL’s best surprises of the 2023 season, winning 10 games and making the playoffs with a rookie quarterback and head coach. DeMeco Ryans actually put together quite an impressive staff that would end up drawing lots of interest in from teams looking to fill vacant roles after the season came to an end. Luckily, though, Houston was able to beat off the suitors for two assistants.

Assistant offensive line coach Cole Popovich received interest from a few other teams, at one point interviewing for the offensive line coach job at Washington under new head coach Dan Quinn. Despite the outside interest, Popovich will remain in Houston “under a revamped contract,” per Aaron Wilson of KPRC 2.

Wilson also reported that safeties coach Stephen Adegoke was set to depart for the defensive backs coaching job at the University of Michigan. The next day, though, he issued a second report that Adegoke would instead return to Houston. Adegoke had reportedly accepted the Michigan job before finalizing a contract, so he will be able to come back for his second year with the Texans.

Here are a few other staff updates from around the AFC South:

  • Colts head coach Shane Steichen has had to do some shuffling for his 2024 staff. With the team’s decision not to retain assistant defensive backs coach Mike Mitchell, they have made the move to hire Titans defensive quality control coach Justin Hamilton in his place, according to Mike Chappell of FOX59. Indianapolis will also bring in Eagles quarterbacks coach Alex Tanney to serve as its passing game coordinator. Remaining in Philadelphia after Steichen’s departure, Tanney will now reunite with his former boss in Indianapolis.
  • The Titans have now completed the hiring of their new coordinators. Joining first-time coordinators Nick Holz on offense and Dennard Wilson on defense will be first-time special teams coordinator Colt Anderson, according to Tom Pelissero of NFL Network. Anderson, a former undrafted defensive back, saw plenty of time on special teams over his nine-year career in the NFL. After spending the last four seasons as an assistant special teams coach for the Bengals, Anderson will follow new Titans head coach Brian Callahan to Nashville for his first coordinator position.