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Minor NFL Transactions: 3/20/23

March 20th, 2023 at 10:24pm CST by Sam Robinson

Here are Monday’s minor moves:

Cincinnati Bengals

Cleveland Browns

Denver Broncos

Green Bay Packers

Las Vegas Raiders

New Orleans Saints

New York Giants

San Francisco 49ers

The Giants are giving Leonard Johnson a three-year deal, Aaron Wilson of KPRC2 tweets. The former Duke prospect suffered a torn ACL while training for the 2022 draft; the Giants worked him out Monday and saw enough to take a flier. While Ford made two starts for the Falcons last season, the ex-UDFA is best known for his special teams work. He saw action on 83% of Atlanta’s ST plays last season, and Ian Rapoport of NFL.com notes (via Twitter) the Bengals are giving him a one-year deal worth up to $2.25MM.

Both Scharping and Lonnie Johnson are former Texans second-round picks. The Texans waived Scharping on roster-cutdown day in August, but the Bengals claimed him. Although Scharping only played 30 snaps for Cincinnati last season, the team will keep him around for another run at a backup gig. Months before bailing on Scharping, the Texans traded Johnson to the Chiefs. But Kansas City did not see much from the acquisition in camp and waived him. The Titans picked up Johnson via waivers, using him as a backup. Johnson has experience at both cornerback and safety, and The Score’s Jordan Schultz adds he agreed to a one-year Saints deal (Twitter link).

NFL Restructures: Smith, Mahomes, Fitzpatrick, Peat, Thomas, Hines, Waller

March 18th, 2023 at 2:10pm CST by Ely Allen

We had news recently that Cowboys offensive tackle Tyron Smith had agreed to restructure his contract with the team, reducing his massive $17.6MM cap hit. Thanks to Todd Archer of ESPN, we now have some details on the deal. Smith was headed into the last year of an eight-year agreement, so his restructure essentially functions as a one-year contract.

The newly restructured contract will be a one-year, $6MM deal with a potential maximum value of $17MM. He received a $3MM signing bonus for the changes and has his $3MM base salary guaranteed. The deal rapidly escalates from there with several playing time incentives. Smith will receive an additional $1MM bonus for each of these snap share thresholds: 50%, 55%, 60%, 65%, 70%, 75%, 80%, 85%, and 90%. This means that if he plays over 90% of the Cowboys’ offensive snaps, he will receive $9MM, one for each of the nine levels.

He can also receive playoff incentives, 75% of which are paid off of wins alone. The remaining 25% is paid if he plays over half of the team’s offensive snaps in those wins. He would receive $500,000 for each playoff win in which he plays the majority of the snaps. With four possible playoff wins, that’s a total of $2MM in playoff bonuses. Those plus the $9MM from the playing time incentives and the $6MM guaranteed at signing push the contract to it’s maximum value of $17MM.

Here is some other news on restructures from around the league:

  • The Chiefs created some financial breathing room by restructuring star quarterback Patrick Mahomes‘s massive contract, according to ESPN’s Field Yates. The team converted $12MM of his 2023 roster bonus into a signing bonus, creating $9.6MM in cap space for the season.
  • Yates also reports that the Steelers found some cap space by restructuring the contract of a star. Safety Minkah Fitzpatrick agreed to a restructured deal that would reward the Steelers with $10.07MM of additional cap space in 2023 by converting $13.42MM of his 2023 salary into a signing bonus.
  • The Saints were able to gain some cap room by restructuring the deal of guard Andrus Peat, according to Nick Underhill of NewOrleans.Football. The team converted $4MM of his 2023 salary into a signing bonus, reducing his salary from $11.83MM to $7.83MM. He then took an additional pay cut to reduce his 2023 base salary to $1.5MM as the team voided out his 2024 salary, adding three more voidable years to the deal. The moves resulted in an additional $9.53MM in cap space for New Orleans.
  • Another NFC South player reportedly took a pay cut as Panthers tight end Ian Thomas agreed to a restructured deal, according to Tom Pelissero of NFL Network. In his new deal, Thomas will earn $3MM in 2023 and $3.65MM in 2024. The deal creates an additional $2.88MM in cap space.
  • Another report from Yates tells us that the Bills have agreed to a renegotiated contract with running back Nyheim Hines. While the details are not yet available, it entails a $1MM signing bonus and the opportunity to earn $4.79MM in bonuses, clearing out some cap space for Buffalo while providing some incentives for Hines next season.
  • Lastly, following the tight end’s trade to the Giants, Darren Waller has agreed to a renegotiated deal with his new team, according to Yates. New York has converted $9.84MM of his 2023 base salary into a signing bonus. The move creates $7.87MM in additional cap space for the Giants.

Saints Add OL Storm Norton, Re-Sign P Blake Gillikin

March 16th, 2023 at 6:50pm CST by Ben Levine

The Saints have added some depth on the offensive line. Storm Norton is signing a one-year deal with New Orleans, according to Aaron Wilson of ProFootballNetwork.com (via Twitter).

The 2017 undrafted free agent out of Toledo bounced between the Lions, Cardinals, and Vikings (plus a brief stint in the XFL) before finding a home in Los Angeles in 2020. After starting three of his six appearances in 2020, Norton started 15 of his 17 appearances in 2021.

He didn’t start any of his 12 performances this past year, and Pro Football Focus would have graded him as one of the league’s worst offensive tackles had he qualified. However, the site was a bit more bullish on his production in 2020 and 2021.

The Saints may return much of their offensive line depth in 2022, with Norton representing their first move on that unit. Ethan Greenidge, who appeared in 15 games for the Saints back in 2020, is the team’s lone OL free agent.

The Saints weren’t done making moves today. Nick Underhill tweets that the team has re-signed punter Blake Gillikin. The Penn State product joined the Saints in 2020 but didn’t see the field for the team until 2021. He’s appeared in all 34 games for New Orleans over the past two years, averaging 47 yards on his punts. Gillikin has also landed 61 of his 160 punts inside the 20 yard line.

RFA/ERFA Tender Decisions: 3/15/23

March 15th, 2023 at 9:04pm CST by Ben Levine

Today’s tender decisions from around the NFL:

RFAs

Tendered:

Non-tendered:

ERFAs

Tendered:

Saints To Sign RB Jamaal Williams

March 15th, 2023 at 6:01pm CST by Ben Levine

Jamaal Williams is staying in the NFC. The free agent running back is signing with the Saints, according to ESPN’s Adam Schefter (via Twitter).

Williams is inking a three-year deal with the Saints, according to Schefter. The three-year pact is worth $12MM, according to NFL Network’s Ian Rapoport (via Twitter). The deal includes $8MM in guaranteed money.

There was some initial hope that the veteran would end up returning to Detroit next season, but those hopes were seemingly eliminated when the Lions pivoted to David Montgomery. Most recently, Williams was connected to a number of potential suitors, including the Bills, Bengals, Panthers, and Bears, per Tyler Dunne on Twitter.

Instead, Williams will land in a bit of a surprising spot in New Orleans, although he appears to be a natural fit behind Alvin Kamara. Backup running backs Mark Ingram and David Johnson are both free agents, and Williams provides much more upside than that duo either as a change-of-pace RB or as a fill-in to the starter.

Williams made a name for himself in Green Bay, collecting at least 600 yards from scrimmage in each of his four seasons with the Packers thanks in part to his pass-catching ability. He joined the Lions prior to the 2021 campaign and had modest success during his first season with the organization, compiling 758 yards from scrimmage.

The RB was a touchdown machine in 2022. Williams ended up leading the NFL with a whopping 17 rushing touchdowns while adding a career-high 1,066 rushing yards on 262 carries. The Saints shouldn’t expect that kind of production in 2023, although the team will be much less reliant on the RB’s production than the Lions were in 2022.

Restructure Details: Cousins, Bills, Cowboys, Saints, Warner, Jets, Texans

March 15th, 2023 at 4:59pm CST by Sam Robinson

Facing a Kirk Cousins cap crunch last year, the Vikings worked out a third contract with their starting quarterback. They did not take that path this year. Minnesota instead agreed to a restructure, per NFL.com’s Ian Rapoport (on Twitter). The reworking frees up $16MM in cap space for the Vikings, ESPN’s Kevin Seifert tweets. The Vikes look to have tacked on two more void years to Cousins’ deal. While the void years — for cap-reducing purposes — run through 2027, Cousins’ contract expires after the 2023 season. No extension is imminent.

The 34-year-old passer has enjoyed leverage throughout his Vikings relationship — via his free agency in 2018, ahead of his 2020 contract year on that fully guaranteed deal, and in 2022 as his second Vikes pact was set to produce a historic cap hit — but Minnesota’s new regime may now be looking toward moving on after the season. This will be a situation to monitor moving forward; Cousins has not played in a contract year since his 2017 Washington finale.

Here is the latest on teams’ restructures:

  • The Bills moved close to the 2023 league year in a cap hole, but they restructured the deals of their two highest-profile players to create considerable space. Buffalo reworked Josh Allen and Von Miller‘s contracts to create approximately $32MM in space, ESPN’s Field Yates tweets. The Bills have moved their way up past $8MM in cap room.
  • Per usual, the Saints have been hard at work on restructures. They adjusted the deals of Cameron Jordan, Alvin Kamara and Marshon Lattimore to create cap space, per ESPN’s Adam Schefter and Katherine Terrell (all Twitter links). The Jordan move created more than $10MM in cap space for New Orleans, which was back to being north of $20MM over the cap following its Derek Carr signing. As the league year begins, New Orleans made it under the cap by just more than $300K.
  • In addition to restructuring Tyron Smith‘s deal to ensure the All-Decade tackle plays a 13th season with the team, the Cowboys adjusted the contracts of DeMarcus Lawrence and Michael Gallup, Todd Archer of ESPN.com notes (Twitter links). Between them, the Lawrence and Gallup restructures freed up around $16MM for Dallas, which had already created more than $30MM in space by redoing Dak Prescott and Zack Martin‘s deals last week.
  • The 49ers restructured Fred Warner‘s extension, according to Yates (on Twitter). The move created nearly $9MM in cap space for San Francisco, which gave Javon Hargrave a four-year, $84MM deal to start the legal tampering period. A void year now exists in Warner’s contract, which runs through 2026 (with the void year coming in 2027). Warner’s cap number drops to $9MM but spikes past $24MM in 2024, which will probably prompt more maneuvering from the 49ers. They currently hold just more than $12MM in cap space.
  • Circling back to the Vikings, Jordan Hicks agreed to a restructure that will keep him in Minnesota this season, Insidethebirds.com’s Adam Caplan tweets. Hicks signed a two-year, $10MM deal with the Vikings last year.
  • Amid their Aaron Rodgers pursuit, the Jets created $4.8MM in cap space by restructuring John Franklin-Myers‘ contract, Yates tweets. Two void years are attached to the defensive lineman’s pact, which runs through 2025.
  • Texans safety Eric Murray agreed to a restructured deal as well, Aaron Wilson of KPRC2 notes. Attached to a two-year, $10MM deal he signed in 2022, Murray remains on a Texans team that has seen its roster become crowded at safety. The team has added Jimmie Ward and re-signed M.J. Stewart this week. Murray played 17 games for the Texans last season but did not start any. This sounds like a pay-cut agreement, with Wilson adding Murray can make up to $4MM this season.

Saints To Sign DTs Khalen Saunders, Nathan Shepherd

March 15th, 2023 at 10:24am CST by Sam Robinson

After seeing David Onyemata join his former position coach (Ryan Nielsen) in Atlanta, New Orleans is addressing its defensive tackle spot with multiple additions.

The Saints are expected to sign both Khalen Saunders and Nathan Shepherd, NFL.com’s Tom Pelissero and ESPN.com’s Dianna Russini report (Twitter links). Saunders’ deal is worth up to $14.5MM over three years, Pelissero tweets.

Shepherd was one of three Jets defensive tackles to hit the open market, joining ex-Saint Sheldon Rankins and Solomon Thomas. The Jets are trying to bring Rankins back, but one of their former Day 2 picks will not join him. Shepherd, a former third-round choice, spent the past five seasons with the Jets. Also a former third-round pick, Saunders played out his rookie contract with the Chiefs in Super Bowl LVII.

Drafted out of Division II Fort Hays State, Shepherd worked as a rotational D-lineman in New York. The 12-game starter totaled 22 quarterback hits over the past three seasons, and although the 315-pound performer’s sack total (six) underwhelms, Pro Football Focus graded him as a top-10 pass rusher among interior linemen last season.

Saunders finished with a career-high 3.5 sacks last season, breaking through after playing just 10 games from 2020-21. A Western Illinois alum partially known for his backflip prowess, Saunders added a sack in the playoffs for the Super Bowl champion Chiefs. Playing alongside Chris Jones certainly did not hurt Saunders, who played a career-most 421 defensive snaps last season. PFF slotted the 324-pound player 74th overall among interior D-linemen in 2022.

Onyemata agreed to a three-year, $35MM deal with the Falcons, who hired Nielsen as their DC this offseason. The talented inside rusher, who played seven seasons with the Saints, left a void inside for the NFC South club. Saunders and Shepherd will aim to fill it.

Saints To Retain WR Michael Thomas

March 14th, 2023 at 12:46pm CST by Sam Robinson

The Saints and Michael Thomas will, in fact, stick together for an eighth season. Viewed as being on the way out of New Orleans after an offseason restructure, Thomas is now on track to stay.

Thomas agreed to a reworked one-year deal to stay with the Saints on Tuesday, Ian Rapoport of NFL.com tweets. It will be an incentive-laden deal, and Adam Schefter of ESPN.com adds the Saints are giving the former All-Pro wideout $10MM in base value (Twitter link). The deal can spike to $15MM through the aforementioned incentives.

Following the Saints’ Derek Carr signing, Thomas sent out a few tweets praising the move. The Saints had been in negotiations with Thomas over the weekend, and the progress has led to another agreement. This is a far cry from the five-year, $96.25MM extension Thomas was attached to before a January restructure, but the former All-Pro has run into consistent injury trouble that has sidetracked his career.

New Orleans put faith in Thomas again last year, despite his 2020 injury trouble and full-season 2021 absence, but another round of health setbacks ensued. Thomas played in three games last season, with a lingering toe injury sending him to IR. The Saints have missed their former No. 1 wideout over the past three seasons, and his return would now seemingly put him behind Chris Olave in the team’s wideout pecking order.

Thomas, 30, will enter the coming season four years removed from his historic 2019 campaign. That year, he set the all-time NFL record for receptions in a season (149), and led the league in yards with 1,725. That came immediately after a year in which he posted a 125-1404-9 statline, and confirmed his status as one of the league’s top offensive players at any position when healthy.

The frequency with which he has been sidelined since then, though, has led to speculation about his Saints future, and, to no surprise, this new, relatively modest deal. A bounce-back season would not only help Olave (who topped 1,000 yards as a rookie last year) and the rest of the team perform with more consistency in the passing game, but also allow Thomas to rebuild his own value. With a new quarterback and now a (potentially) high-end wideout in place for 2023, the Saints could be in line for a notable step forward on offense.

Jameis Winston To Stay With Saints

March 13th, 2023 at 8:01pm CST by Sam Robinson

Jameis Winston looks to be taking the Saints up on their offer. He is finalizing a reworked contract that will allow him to stay in New Orleans, Josina Anderson of CBS Sports tweets.

Although there is not a realistic path to Winston starting for the Saints, barring a Derek Carr injury, the team gave him a chance to stay. This will undoubtedly involve a pay cut, but rather than hit a crowded market for bridge- and backup-level QBs, Winston is on track to remain a Saint.

Indeed, it’s a one-year deal for Winston worth up to $8MM, per NFL Network’s Ian Rapoport (on Twitter). Rapoport seems to hint that there were no starting opportunities available to Winston in free agency, so the QB decided to stick with what’s familiar vs. serving as a backup somewhere else. Winston was set to earn $12.8MM next year, and the Saints could have realized an identical cap savings by making him a post-June 1 cut.

Instead, both side decided to have Winston back for a fourth season in New Orleans. The former first-overall pick had the first opportunity to replace Drew Brees as the Saints starting QB, and he was productive in his seven games, tossing 14 touchdowns vs. three interceptions while guiding the team to a 5-2 record. However, a torn ACL cut that 2021 campaign short, and when he returned in 2022, he was eyeing a revamped depth chart and a new head coach.

Winston only got three starts in 2022 as Andy Dalton ran with the starting gig. In Winston’s three games, he reverted back to his free-throwing ways, with his 4.3 interception rate rivaling his 30-interception campaign with the Buccaneers in 2019.

In 2023, the Saints won’t be nearly as reliant on the QB after they made a sizable investment in Carr. Winston will now be one of the league’s better backup quarterbacks, and his salary seemingly reflects that fact.

Contract Details: Payne, Saints, Carter, Stewart, Pierce

March 12th, 2023 at 7:50pm CST by Ely Allen

Here are some details on contracts recently signed around the NFL:

  • Daron Payne, DT (Commanders): Four-year, $90MM. The deal, according to Mike Florio of NBC Sports, creates around $9.43MM in cap space for Washington heading into free agency. Payne was set to enter the 2023 season with a cap hit of $18.94MM. The new extension applies a $28MM signing bonus spread over four years, along with a base salary in Year 1 of the deal of $2.51MM, to lower Payne’s cap hit to $9.51MM. The new move sets the Commanders up with over $20MM of cap space heading into the new league year.
  • Tanoh Kpassagnon, DE (Saints): Two-year, $5MM. The deal, according to Nick Underhill of NewOrleans.Football, has a guaranteed amount of $2.5MM consisting of a $1.4MM signing bonus and Kpassagnon’s 2023 base salary of $1.1MM. The deal includes three voidable years for cap purposes leading to cap hits of $1.9MM in 2023, $3.3MM in 2024, and $1.786 of dead money in 2025.
  • Juwan Johnson, TE (Saints): Two-year, $12MM. The extension, according to Aaron Wilson of KPRC 2, has a fully guaranteed amount of $11.51MM consisting of a $5MM signing bonus and both year’s base salaries of $1.01MM in 2023 and $5.5MM in 2024. The contract includes a 2024 roster bonus of $500,000 due on the 5th day of the 2024 league year. There are $2.5MM of incentives available to Johnson in this contract for receptions, yards, and All-Pro selections. Those incentives have escalators in 2024, as well. The deal includes three voidable years to spread out the cap hit.
  • Lorenzo Carter, OLB (Falcons): Two-year, $9MM. The deal, according to Field Yates of ESPN, has a guaranteed amount of $4.25MM consisting of a $2MM signing bonus and $2.25MM of the first year’s base salary (worth a total of $3.25MM). The contract also includes an additional amount of $1MM available through incentives.
  • M.J. Stewart, S (Texans): Two-year, $6MM. The deal, according to Wilson of KPRC 2, has a guaranteed amount of $3MM consisting of a $1.5MM signing bonus and the first year’s base salary of $1.5MM. The deal also includes potential incentives of up to $1.5MM including $750,000 of playtime incentives. The contract also includes a per game active roster bonus of $14,705 for a potential season total of $250,000.
  • Michael Pierce, DT (Ravens): Restructure. The new deal for Pierce includes a new concept in Baltimore. Following the lead of other teams in the NFL, namely the Eagles, the Ravens incorporated voidable years in Pierce’s contract, a first for the franchise. In doing so, though, the team removed the 2024 season from Pierce’s deal, making him a free agent one year sooner than he would’ve been in his original contract.
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