Indianapolis Colts News & Rumors

10:00pm: Cincinnati has been fielding calls on Hendrickson for weeks, Dehner and colleague Dianna Russini report. If the Bengals were to trade Hendrickson now, they likely would not land as valuable of a trade package as they would have if they had traded him before the draft. Clearly, no team has put forth an attractive enough offer as of yet.

12:20pm: Contract talks between the Bengals and defensive end Trey Hendrickson are at an impasse, per Tom Pelissero and Ian Rapoport of the NFL Network. As such, the club is again listening to trade offers for its star pass rusher.

NFL insider Jordan Schultz says the Panthers, Browns, and Colts are among the clubs that have expressed interest. Of course, an intra-division trade to Cleveland for a player of Hendrickson’s magnitude is unlikely, and Cincinnati is still setting a high asking price in trade talks. Per Schultz, the Bengals are seeking an impact player or two as well as a draft pick. A mutual interest still exists for this team-player relationship to continue, Schultz adds, but the same issues (namely guaranteed money) continue to represent a sticking point in negotiations. 

The Bengals’ offense was excellent in 2024, with quarterback Joe Burrow and wide receiver Ja’Marr Chase both submitting MVP-caliber performances. Chase and running mate Tee Higgins were re-signed this offseason, and the team also returns promising running back Chase Brown, so points should not be terribly difficult to come by.

However, the team’s woeful defense undermined the efforts of Burrow & Co., and Cincinnati ultimately failed to qualify for the postseason. That is despite the presence of Hendrickson, who recorded 17.5 sacks for the second year in a row and who earned First Team All-Pro acclaim. Given that continued elite production and the upward movement of the EDGE market, any new Bengals accord will include a substantial raise if one can indeed be worked out before Week 1.

The Bengals did add a potential impact pass rusher, Shemar Stewart, in the first round of April’s draft, and Stewart is now in the fold after unusual contract talks of his own became a basis for criticism directed at the organization. Still, it is unclear whether Cincinnati did enough this offseason to significantly improve its defense, and subtracting Hendrickson from the equation would seem to make matters more difficult for new defensive coordinator Al Golden.

As such, Kelsey Conway of the Cincinnati Enquirer is skeptical that the Bengals are serious about moving Hendrickson, and Paul Dehner Jr. of The Athletic does not believe the situation has changed. He does not think the club, through today’s reports, is trying to drum up trade interest, and he continues to believe it is unlikely a rival team will meet Cincinnati’s asking price and pony up a massive extension for Hendrickson.

As things stand, the 30-year-old is owed $16MM in 2025, the final year of his pact. Hendrickson has stated a willingness to sit out regular season games in the absence of an extension. Time remains for an agreement to be reached, but before authorizing any major raise, the Bengals will once again field trade offers.

Adam La Rose contributed to this post.