PFR Originals News & Rumors

Extension Candidate: Josh Jacobs

Josh Jacobs was slapped with the franchise tag earlier this offseason, allowing both the player and team some extra time to negotiate a long-term pact. However, there hasn’t been any reported progress when it comes to an extension.

Part of that delay could be due to the Raiders’ reluctance to invest big money on a running back. Another reason for the lack of progress could be Jacobs’ determination to keep the running back market alive. The running back seemed to allude to his negotiation logic earlier this month, tweeting that “[s]ometimes it’s not about you. We gotta do it for the ones after us.” Jacobs added some fuel to the fire today when he tweeted “bad business,” an indication that he may not be pleased about the current status of his negotiations.

It’s not a new or shocking development that teams are unwilling to pay big money to running backs, and Jacobs is just the latest player to express frustration at the declining AAV at the position. Christian McCaffrey inked a record-breaking four-year, $64MM deal with the Panthers back in 2020, and his average annual value ($16MM) and guaranteed money ($36MM) still paces the position three years later.

Since then, Alvin Kamara secured the most guaranteed money at the position ($34MM), and the likes of Derrick Henry, Joe Mixon, Dalvin Cook, Aaron Jones, and Nick Chubb ended up signing extensions that landed between $12MM and $12.5MM per season. Only Miles Sanders and David Montgomery secured new contracts averaging $6MM or more this offseason, and rookie Bijan Robinson will head into the 2023 campaign with the third-most guaranteed money at his position ($21.9MM). We’ve seen other position groupings setting contract records, but the running back position appears to be heading backwards.

That brings us to Jacobs, who is set to play the 2023 season under the $10.1MM franchise tag. The two sides have until July 17 to negotiate a new deal, but it’s uncertain if they’ll agree to a new deal with less than a month remaining. Saquon Barkley is still awaiting a new deal with the Giants, an extension that would likely influence Jacobs’ next deal, putting the Raiders RB in a bit of a holding pattern.

It’s uncertain what kind of specific money Jacobs is seeking on his next deal. Based on the recent signings at the position, he’d be lucky to get an offer that approaches Henry’s four-year $50MM extension he signed with the Titans in 2020. If Jacobs does sign a new deal, he’ll likely settle into that sub-$12.5MM AAV, closer to the three-year, $36.6MM deal Chubb got from the Browns.

Jacobs made it known early on that he was going to skip the Raiders’ offseason program, but the July 17 deadline would seemingly prevent a training camp holdout. Jacobs has little incentive to sacrifice money and go the Le’Veon Bell route, and if he’s determined to make a statement, it seems increasingly likely that he’ll play the 2023 campaign under the franchise tag.

5 Key Stories: 6/11/23 – 6/18/23

With minicamps having concluded, the NFL calendar is set to slow down before training camps open in July. There are still a number of storylines to keep track of around the league, though. In case you missed anything from the past week, here’s a quick recap:

  • Jets Fear ACL Tear For Clark: The Jets’ secondary took a blow when safety Chuck Clark suffered a knee injury which is feared to be an ACL tear. New York paid a modest price to trade for the 28-year-old this offseason since his starting days with the Ravens appeared to be numbered. A first-team spot awaited him with the Jets, however, and Clark was thus expected to be a key figure on the team’s defense, a unit facing signficant expectations this season. Given what should be a lengthy absence, the Jets reacted by signing Adrian Amos, another veteran who will provide them with an experienced contributor on the backend. For Clark, attention will turn to his return timeline and the beginning of the rehab process from the first major injury of his career.
  • Supplemental Draft To Return: For the first time since 2019, the NFL will conduct a supplemental draft. The event will take place July 11, and provide players deemed ineligible for the regular entry draft with an avenue to joining the league. In recent years in particular, few notable names have been selected in the summer draft, but several high-end players have taken this route over the course of its history. Only one player has been deemed eligible for the 2023 supplemental draft so far, but it will be interesting to watch how many others become available and how much interest they generate amongst NFL teams still eyeing additions to their rosters.
  • Chiefs, Jones In Extension Talks: One of the most signficant developments of the 2023 offseason has been the eruption in value for high-end defensive tackles. Several big-ticket extensions have been signed already, and another could be coming soon for Chris Jones. The four-time Pro Bowler is aiming for a new deal which will move him into second in the pecking order at the position (behind only Aaron Donald), something he can make a legitimate claim for given his continued production. The 28-year-old earned an All-Pro nod in 2022 and was a central part in Kansas City’s latest Super Bowl win. General manager Brett Veach indicated no timeline is in place for an extension, but he expressed optimism that a deal will get done allowing Jones to remain in Kansas City as one of the league’s highest-paid defenders.
  • Mutual Interest Between Hopkins, Patriots? DeAndre Hopkins concluded his two-day visit with the Patriots without signing a contract, but one appears to remain very much in play. New England hosted the 31-year-old wideout not long after Tennessee did the same, and mutual interest reportedly exists between player and team in the Patriots’ case. Hopkins would reunite with offensive coordinator Bill O’Brien in the event he inked a deal with the AFC East outfit, something which would lead to questions about their relationship after the latter dealt him away from the Texans in 2020. Doubts have been quelled on that front, though, and Hopkins would represent a signficant addition to New England’s WR room. He is in no hurry to sign, so it may take several days or weeks to learn if the recruiting pitch on the part of current Patriots pays off.
  • Texans Extend Collins: Houston has once again made a multi-year commitment to Maliek Collins, having inked the veteran defensive tackle to another two-year extension. This latest pact contains an impressive $20MM in guranteed money, along with a notable raise in terms of annual compensation compared to his previous pact. The 28-year-old has been a full-time starter during his two seasons in Houston, racking up six sacks and 18 tackles for loss during that span. He will once again be depended upon as a central figure in a Texans defensive front which is expected to take a step forward in 2023 under new head coach DeMeco Ryans. Continued strong play against the pass in particular could also put Collins in line for another sizeable contract down the road.

Do Patriots Need To Pursue An Upgrade At Tackle?

As second-stint Patriots OC Bill O’Brien installs his offense, the team has seen improved form — in June, that is — from Mac Jones. Following a strange season that featured a career defensive coach given the play-calling reins on offense, New England looks to be in better shape on the whole on that side of the ball.

The team also has a strong interior offensive line contingent, being set to use the Cole StrangeDavid AndrewsMichael Onwenu trio it played inside last season. But New England may have an issue at tackle. Trent Brown missed the start of the team’s minicamp this week and could not finish practice Tuesday, per NBC Sports Boston’s Tom Curran, who notes the mammoth left tackle needed to be relocated to a side field for conditioning work.

Brown signed a two-year, $13MM deal to stay with the Patriots in 2022 and was moved to the left side — where he played in 2018 to set up a monster Raiders payday — last summer. But the veteran blocker has struggled to stay on the field for many years. Brown did play all 17 games last season but missed eight in 2021, 11 in 2020, five in 2019 and six in 2017.

The Patriots have included weight bonuses in Brown’s latest contract. They indicate a preference against Brown playing above 365 pounds, with the bonuses — totaling $750K — rewarding the 6-foot-8 tackle for moving down below that weight over the offseason. Brown carries the Pats’ third-highest cap figure this year ($12.25MM), though only $3MM is guaranteed ahead of Week 1. The former 49ers draft pick worked out on his own this offseason, skipping OTAs. Releasing Brown would create $8MM in cap space for the Pats, though that might be premature given his talent when available.

New England was linked to potentially diving into the robust right tackle market in March. But the top options (Mike McGlinchey, Jawaan Taylor, Kaleb McGary) landed elsewhere. It is not exactly uncharacteristic — 2021 notwithstanding — for the Patriots to stand down in free agency, but their O-line does not include a player earning more than $6.5MM on average. Rather than move into the deep waters at right tackle, the Pats added 12th-year veteran Riley Reiff on a one-year, $5MM deal. That contract features more guaranteed money ($4.15MM) than the Pats gave Brown on his two-year pact, but Reiff entered last season as a Bears backup and missed the second half of the 2021 campaign due to injury.

Reiff did emerge as the Bears’ right tackle starter midway through the season, and Pro Football Focus tabbed him as a middle-of-the-road starter (51st, eight spots behind Brown). But he will turn 35 later this year and, per MassLive.com’s Karen Guregian, spent time with the backups during minicamp. The team added ex-Broncos swing tackle Calvin Anderson and re-signed Conor McDermott, whom it initially plucked off the Jets’ practice squad last season. Fourth-round pick Sidy Sow, a six-year Eastern Michigan cog, is also converting from guard to tackle ahead of his rookie year.

Regarding free agents, three-year Jets starter George Fant (60 career starts) may be the best available. Multi-stint Patriot Marcus Cannon is also unattached, but the Pats look to have their swing spots covered. The Titans released former Pro Bowler Taylor Lewan in February, but knee trouble is threatening to cut the former first-rounder’s career short.

The Bengals’ deep right tackle competition, which is pitting Jonah Williams against La’el Collins and Jackson Carman, is worth monitoring for every team with a shaky tackle situation. Collins’ status, in particular, will be notable once he recovers from the ACL tear he sustained in December. The rebuilding Cardinals now have a healthy D.J. Humphries and a re-signed Kelvin Beachum joining first-rounder Paris Johnson and primary Humphries 2022 fill-in Josh Jones.

New England has a recent history obtaining a starting tackle via offseason trade, nabbing Brown from San Francisco in April 2018 and then reacquiring him in March 2021. Brown’s performance — during his age-25 season — helped the Patriots to their sixth Super Bowl win and earned him a then-tackle-record deal in 2019. Isaiah Wynn, who succeeded Brown in 2019, did not pan out as a Patriot, despite effective stretches, and signed with the Dolphins this offseason.

The Pats passed on the opportunity to draft Broderick Jones in Round 1 this year, trading out of No. 14 to give the Steelers that opening, indicating relative confidence their tackle plan will hold up. But Brown’s health and fitness level again looms as crucial to a team attempting to develop a first-round quarterback. After the Matt PatriciaJoe Judge experiment led to a Jones step back last year, the team is exiting minicamp with a potentially glaring issue on its offensive front.

5 Key Stories: 6/4/23 – 6/11/23

With June practices nearing an end, a few signficant developments have taken place around the league recently. In case you missed any of the top stories from the past week, here’s a quick recap:

  • Vikings Release Cook: After plenty of speculation about his future, the Vikings have officially parted ways with running back Dalvin Cook. The move came after no trade partner could be found, and resulted in $9MM in cap savings. Minnesota has moved on from a number of high-priced veterans this offseason, and the team previously hinted at their intensions of turning to Alexander Mattison as their new starter moving forward. Cook earned a fourth straight Pro Bowl nod in 2022, demonstrating his continued ability to serve as a productive lead back. He is now free to sign with a new team, and the Dolphins have frequently been named as a potential suitor. The free agent market at the RB spot has been modest, and a number of experienced options are still available, but the 27-year-old should be the subject of signficant interest in the coming days and weeks.
  • Broncos Sign Clark: Frank Clark’s tenure with the Chiefs came to an end as he took a one-year deal with the Broncos worth up to $7.5MM. The decorated edge rusher failed to earn a Pro Bowl nod in 2022, but he once again produced in the playoffs en route to winning another Super Bowl in Kansas City. He was a cap casualty at the start of the offseason, and Clark, 29, acknowledged that no new Chiefs offer representing a pay cut was made during his lengthy free agent period (one which included the team adding a first-round pass rusher for the second straight year). Now, he will turn his attention to a new AFC West team, one which has plenty of question marks along the edge entering the 2023 season. A strong showing in Denver could boost Clark’s value significantly ahead of another year on the open market.
  • Bills Add Floyd: Clark’s Broncos deal came not long after the Bills made their own notable addition on the edge. Leonard Floyd inked a one-year contract with a maximum value of $9MM. That will give Buffalo another veteran presence in the pass rush department alongside Von Miller, whose ACL recovery is in a good place at the moment. Floyd was a lone bright spot in the Rams’ edge contingent last season, but he was one of many expensive veterans the team moved on from this offseason. The 30-year-old has experience logging a heavy workload, but more of a rotational role may await him in Buffalo. A follow-up to his productive stint in Los Angeles would yield considerable benefits for the Bills, and likely boost Floyd’s market value ahead of next March.
  • Titans, Patriots To Host Hopkins: The first two teams prepared to host DeAndre Hopkins on a free agent visit have been revealed. The All-Pro wideout will meet with the Titans and Patriots in the coming days, as he searches for a new home. New England has been mentioned as a team to watch on the Hopkins front, but the same has not been the case to date for Tennessee. Either squad would be well-suited to add the 31-year-old given their struggles in the passing game last season, and they are each in better shape than the Chiefs and Bills with respect to cap space. The latter two teams would need Hopkins’ price to come down significantly to make a serious push to sign him, but the five-time Pro Bowler already has multiple suitors lined up. More could soon follow.
  • Harris Continues Making Progress On Commanders Purchase: The sales process of the Commanders has a number of hurdles left to clear, but positive steps have been taken in recent days. Josh Harris had a succesful meeting with the NFL’s finance committee, during which the outstanding issues related to the structure of his purchase agreement were discussed. The 76ers and Devils owner, who is slated to take over from Dan Snyder after the pair agreed to a $6.05 billion purchase price, pledged to make the requisite adjustments to satisfy the league. Once that has taken place, a special owners’ meeting aimed at ratifying the deal should be expected. With a deadline on the exclusivity of the Harris deal approaching, though, all parties have incentive to continue moving with urgency.

This Date In Transactions History: Patriots Sign Tim Tebow

Bill Belichick has certainly earned the benefit of the doubt when it comes to roster machinations, but he raised a few eyebrows when he made a surprise signing on this date in 2013. On the eve of mandatory minicamp that year, Tebowmania made its way to Foxborough when the Patriots signed quarterback Tim Tebow.

At that point of his career, Tebow wasn’t far removed from his standout 2011 campaign. That year, Tebow went 7-4 in his 11 starts with the Broncos, and he even helped guide Denver to a playoff win. Of course, there were still plenty of pundits who questioned if Tebow could actually succeed as a starting NFL quarterback. Despite the solid record as a starter, Tebow only completed 46.5 percent of his passes that season, but he predictably showed much more promise on the ground, where he ran for 660 yards and six scores.

The Broncos decided to go all-in for the 2012 campaign, adding Peyton Manning to the mix. Tebow was ultimately shipped off to the Jets, where he started two games while mostly serving as a backup and wildcat alternative to Mark Sanchez. Tebow was cut by New York the following April.

The market wasn’t all that hot for Tebow, leading to him remaining unsigned for a couple of months. Then, the Patriots made the sudden signing on June 10, 2013. While the transaction certainly took many by surprise, it made some sense. For starters, the move reunited the QB with Josh McDaniels, who Tebow had his most NFL success under when the two were in Denver.

Secondly, there wouldn’t be any pressure for Tebow to play a major role in New England; he was never going to supplant Tom Brady, and most reporters opined that he would likely slide in third on the depth chart behind Ryan Mallett. The Patriots have been known to get creative with some of their personnel, so beyond serving as a back-of-the-depth-chart, wildcard option, there was some hope that the organization would try him out at some skill positions.

Finally, the stingy Patriots didn’t need to make any financial commitment to Tebow, which perhaps played a role in them tolerating the media circus that accompanied. While Tebow technically inked a two-year contract with the organization, it contained no guaranteed money and was mostly based on playing-time incentives.

Tebow’s stint in New England didn’t end up lasting all that long. He got into a pair of preseason games for the Patriots, with his 36.7 percent completion rate ranking last among all qualifying players. He was picked off twice and sacked a number of times, although he did manage to shake loose for 91 rushing yards on 16 attempts.

“It’s not just one game [that matters],” Belichick said following Tebow’s underwhelming preseason finale (via ESPN), “although every game is important. But the body of work, the camp, the rate of improvement, the ability to do the things that players are going to be asked to do at their respective positions [also matters].”

Whatever Tebow was showing Belichick off the field, it wasn’t enough to keep his job. Tebow was among the Patriots’ final cuts during the preseason, with the QB tweeting that he would “remain in relentless pursuit of continuing [his] lifelong dream of being an NFL quarterback.”

The Patriots rolled forward with only two QBs on the roster for the 2013 campaign, and Brady ended up taking every snap at the position that season. While the Tebow signing is ultimately just a footnote in the story of the Brady/Belichick Patriots, the signing may have given us a clue that the organization was considering future options at QB outside of Mallett, a former third-round pick. Indeed, during the 2014 NFL Draft, the Patriots ended up selecting Jimmy Garoppolo in the second round.

As for Tebow, the signal-caller would get a few more NFL opportunities before all was said and done. He spent the 2015 preseason with the Eagles, and during the 2021 preseason, he caught on with Urban Meyer as a tight end in Jacksonville. Still, he hasn’t seen the field since 2012.

Extension Candidate: Quinnen Williams

A few of the contractual dominoes at the defensive tackle position have already fallen this offseason. Daron Payne, Jeffery Simmons and Dexter Lawrence agreed to terms on extensions, with two of those players — Payne and Lawrence — moving forward with teams that already had a big-ticket D-tackle contract on their books.

As the Commanders and Giants added monster Payne and Lawrence extensions, respectively, to payrolls that already included high-end deals for Jonathan Allen and Leonard Williams, the Jets have been in the on-deck circle for a bit now with Quinnen Williams. This negotiation — one already tabled by the team picking up Williams’ fifth-year option in May 2022 — has dragged for a bit.

Robert Saleh and GM Joe Douglas have expressed confidence about a Williams extension being finalized, even after the former No. 3 overall pick went through the standard operating procedure for disgruntled contract-year players. Despite Williams scrubbing his social media of Jets references, the sides are believed to have made some recent progress.

I speak for everyone — I probably speak for Quinnen — in that we all want get done sooner rather than later,” Saleh said, via ESPN’s Rich Cimini. “I’ll let the business guys handle all that stuff, but it’s going to get done. He’ll be here for camp. He’ll be ready to roll and once he is, I’m sure it’ll be the same guy who was here.”

The parameters for a Williams extension, as our Rory Parks noted recently, should be largely in place thanks to the three other D-tackle deals completed this offseason. Payne, Lawrence and Simmons all signed four-year contracts worth between $90MM and $94MM. A narrow gap between each’s fully guaranteed sum exists as well, with the three now joining Aaron Donald in the top four at this position for locked-in money. Ranging from $46MM to $47.8MM (Simmons, who topped Donald for the top spot here) in full guarantees, these contracts create a clear road map for the Jets and Williams.

Williams, 25, benefited from the Jets delaying talks until this year. The Mike Maccagnan-era draftee is coming off a dominant season and leads a suddenly relevant Jets defense — thanks to its dramatic 2022 improvement and its place on a now-Aaron Rodgers-led team — ahead of a key period in franchise history. The Alabama product posted 12 sacks, smashing his career-high mark, and trailed only Lawrence and Chris Jones among D-tackles in QB pressures (32). Williams’ 28 QB hits also doubled his previous career-best number. He and Sauce Gardner served as the driving forces for a Jets defense that rocketed from last (in both points and yards allowed) in 2021 to fourth in both categories last season.

Although Douglas is not responsible for all of the team’s recent history regarding first-rounders going one-and-done on contracts, the Jets have seen a high number of Round 1 draftees leave during or after a rookie deal. Leonard Williams, Sheldon Richardson and Jamal Adams left via trade; Douglas did pull the trigger on two of those moves (Williams, Adams). The Adams process became contentious, though the deal has worked out for New York. A few Jets first-round picks over the past decade and change have produced busts, but Muhammad Wilkerson — extended just before the 2016 franchise tag deadline — has been the only Jet first-rounder re-upped since 2007 top choice Darrelle Revis re-signed in September 2010. The Quinnen Williams situation gives the Jets a chance to make a key update here.

It seems Williams is holding out for more guaranteed money than Simmons received. The top Titans pass rusher has Williams beat in original-ballot Pro Bowl nods (2-1), but Williams holds the only first-team All-Pro nod among the young tackles who spent this offseason on the extension grid. (Simmons has earned second-team All-Pro acclaim in each of the past two seasons, however.) The Jets have the leverage of franchise-tagging Williams next year, but letting this situation drag into training camp would remind of the organization’s stalled pipeline regarding first-rounders and second contracts.

While Payne, Lawrence and Simmons have bridged the gap between Donald’s average annual value (a non-quarterback-high $31.7MM) and the field, a substantial gulf remains. The earlier batch of extensions suggests Williams will have trouble coming too close to the Rams icon. Jones represents a better bet of approach that place, as he is still just 28 and has become one of this era’s most dominant interior pass rushers. It could be possible Williams and Jones are seeing who will blink first, but we have not heard much on the Chiefs’ efforts with their four-time Pro Bowler.

Williams will be an essential piece for the Jets in their first Rodgers season, and seeing as Gardner is years away from an extension, the team has a clear window to lock down its top front-seven piece. Considering Williams’ value to the Jets at this pivotal point, he should be able to do very well. Should this deal be finalized before a third Jones-Chiefs agreement, the Kansas City star defender will assuredly use it to his advantage. It will be interesting to see how close the divide between Donald and the field is by Week 1, should these two contracts be completed by then.

5 Key Stories: 5/28/23 – 6/4/23

As the calendar flips to June, a number of notable storylines remain around the NFL. In case you missed anything from the past week, here’s a quick recap:

  • Bills Extend Oliver: The latest major extension at the defensive tackle position has been agreed to, with Ed Oliver set to ink a four-year, $68MM deal. The former top-10 pick was already on the books for 2023 via the fifth-year option, but his long-term future is now secure. The pact includes $45MM in guarantees, a surprising figure given how Oliver’s career to date has been less impactful on the statsheet than the other young DTs who have inked big-money deals this offseason. The Bills are banking on Oliver continuing his career progression at the heart of what should be a strong defensive front while also hoping to enjoy relatively cost-effective play at the position given the changes in the market. Expectations will become even higher for the Houston product in the years to come now that his financial future is no longer in doubt.
  • Vikings Likely To Move On From Cook: The Vikings have parted ways with a number of high-profile veterans already this offseason, but they may not be done yet in that regard. Running back Dalvin Cook is expected to play elsewhere in 2023, even though he is still under contract in Minnesota at this point. A trade or release would yield cap savings for the Vikings, while also allowing them to hand the RB1 reigns over to Alexander Mattison, who inked a new deal in March. Cook, 27, had another productive campaign in 2022 by topping 1,100 rushing yards for the fourth straight season. The Dolphins are still a team to watch in terms of landing spots for the four-time Pro Bowler, but other suitors could emerge especially if he finds himself a free agent in the near future.
  • Hopkins Sweepstakes Continue: The most high-profile free agent at the moment is DeAndre Hopkins, making him the center of plenty of attention and speculation. The All-Pro wideout is, to no surprise, thought to be seeking a contract similar to the one-year deal Odell Beckham Jr. signed with the Ravens (worth a base value of $15MM guranteed). Such a pact would cost less than what Hopkins was owed before his Cardinals release, but it would be a challenge for any contending team to afford it. Despite that, the Bills and Chiefs continue to be named as frontrunners for the 30-year-old, who would represent a signficant boost to either team’s passing attacks in the talent-rich AFC. On the other hand, the Giants and Cowboys can likely be crossed off the list of expected destinations for Hopkins, who has also been linked to the Browns and Texans during his ongoing free agent process.
  • Giants, Barkley No Closer To Deal: The deadline for franchise-tagged players to sign multi-year deals is getting closer, but the Giants and Saquon Barkley are not on the cusp of getting an extension worked out. The Pro Bowl running back is set to earn $10.1MM on the tag this year, but he has turned down offers with significantly higher AAVs during extension talks. Now that quarterback Daniel Jones is under contract, the Giants have leverage in negotiating with Barkley, who had a career-year in 2022 as the team’s offensive focal point. No standing offer is on the table, and guarantees are likely the primary obstacle to both parties reaching agreement on a long-term deal. The sides have until mid-July to avoid Barkley playing on the tag in 2023.
  • Purdy Remains On Track To Retain Starting Role: One of the top storylines for the 49ers has been the recovery process for quarterback Brock Purdy. His progress on that front has reached the point where he has resumed throwing, putting him slightly ahead of schedule compared to post-surgery estimations. The 2022 ‘Mr. Irrelevant’ underwent UCL surgery in March, putting his Week 1 availability in serious doubt – something of particular concern considering the job he did after taking over QB1 duties midway through his rookie season last year. General manager John Lynch confirmed that, if healthy, Purdy will retain his spot atop the depth chart, despite the presence of former No. 3 picks Trey Lance and Sam Darnold on the roster. For now, things are lining up for Purdy to attempt a follow-up to his impressive debut campaign.

2023 NFL Cap Space, By Team

The start of June has served as a key NFL financial period for decades. While teams no longer have to wait until after June 1 to make that cost-splitting cut designation, teams pick up the savings from those transactions today. With a handful of teams making post-June 1 cuts this year, here is how each team’s cap space (courtesy of OverTheCap) looks as of Friday:

  1. Chicago Bears: $32.58MM
  2. Carolina Panthers: $27.25MM
  3. Arizona Cardinals: $26.68MM
  4. New York Jets: $24.79MM
  5. Detroit Lions: $23.72MM
  6. Indianapolis Colts: $23.39MM
  7. Dallas Cowboys: $20.48MM
  8. Houston Texans: $16.81MM
  9. Green Bay Packers: $16.57MM
  10. Pittsburgh Steelers: $15.73MM
  11. Cincinnati Bengals: $14.92MM
  12. New Orleans Saints: $14.27MM
  13. New England Patriots: $14.12MM
  14. Miami Dolphins: $13.9MM
  15. Cleveland Browns: $13.86MM
  16. Philadelphia Eagles: $13.85MM
  17. Los Angeles Chargers: $12.61MM
  18. Jacksonville Jaguars: $12MM
  19. Washington Commanders: $11.57MM
  20. Baltimore Ravens: $11.54MM
  21. San Francisco 49ers: $10.72MM
  22. Atlanta Falcons: $10.7MM
  23. Denver Broncos: $10.13MM
  24. Minnesota Vikings: $9.75MM
  25. Tennessee Titans: $7.99MM
  26. Seattle Seahawks: $7.94MM
  27. New York Giants: $3.82MM
  28. Las Vegas Raiders: $3.37MM
  29. Los Angeles Rams: $1.49MM
  30. Buffalo Bills: $1.4MM
  31. Kansas City Chiefs: $653K
  32. Tampa Bay Buccaneers: $402K

The Dolphins gained the most from a post-June 1 cut (Byron Jones) this year, creating $13.6MM in cap space from a deal that will spread out the cornerback’s dead money through 2024. But the Browns (John Johnson, Jadeveon Clowney) and Cowboys (Ezekiel Elliott) created more than $10MM in space as well.

The Jets’ number is a bit deceiving. They are still working on a restructure with Aaron Rodgers, as the trade acquisition’s cap number — after a Packers restructure — sits at just $1.22MM. In 2024, that number skyrockets to $107.6MM. Rodgers’ cap hit will almost definitely will climb before Week 1, so viewing the Jets along with the other teams north of $20MM in space is not entirely accurate.

Minnesota is moving closer to separating from its $12.6MM-per-year Dalvin Cook contract. The team already created some space by trading Za’Darius Smith to the Browns. Cleveland, which is one of the teams connected to DeAndre Hopkins, added Smith and did so with help from its Deshaun Watson restructure. Watson was set to count $54.9MM against the Browns’ 2023 cap. That number is down to $19.1MM, though the Browns’ restructure both ballooned Watson’s mid-2020s cap figures to $63.9MM — which would shatter the NFL record — and added a 2027 void year.

Tampa Bay and Los Angeles sit atop the league in dead money, with the Bucs — largely from their April 2022 Tom Brady restructure — checking in at $75.3MM here. That total comprises nearly 33% of the Bucs’ 2023 cap sheet. The Rams, at more than $74MM, are not far behind. Despite the Bills and Chiefs — the teams most frequently tied to Hopkins — joining the Bucs and Rams near the bottom of the league in cap space, both AFC contenders also sit in the bottom five in dead money.

Each NFL Franchise’s Richest QB Contract

The quarterback market has moved again this offseason. A year after Aaron Rodgers raised the average annual value bar past $50MM, Jalen Hurts and Lamar Jackson did so on long-term extensions. Overall, four teams have authorized the most lucrative QB deal in their respective histories this offseason. Two more — the Bengals and Chargers — are in talks about record-setting extensions as well.

On that note, here is the richest quarterback contract each team has authorized. Although teams like the Jets and Lions have acquired big-ticket contracts via trade, only teams’ extensions or free agency agreements will qualify here.

Arizona Cardinals

Atlanta Falcons

Baltimore Ravens

Buffalo Bills

Carolina Panthers

Chicago Bears

  • Jay Cutler, January 2014. Seven years, $126.7MM. $38MM fully guaranteed

Cincinnati Bengals

  • Carson Palmer, December 2005. Six years, $97MM. $30.8MM fully guaranteed

Cleveland Browns

Dallas Cowboys

Denver Broncos

Detroit Lions

Green Bay Packers

In trading this contract to the Jets in April, the Packers restructured the deal. Rodgers’ exit will still tag the Pack with $40.3MM in 2023 dead money.

Houston Texans

Indianapolis Colts

Jacksonville Jaguars

Kansas City Chiefs

Las Vegas Raiders

Carr’s second Raiders deal — agreed to in April 2022 — was worth $40.5MM per year. The full guarantee, thanks to the February escape hatch the team built into the contract, checked in lower than Carr’s initial Raiders extension.

Los Angeles Chargers

Los Angeles Rams

Miami Dolphins

Minnesota Vikings

Cousins’ 2020 extension checked in with a higher AAV ($33MM) but did not approach his initial Minnesota pact for guarantees.

New England Patriots

New Orleans Saints

New York Giants

New York Jets

  • Chad Pennington, September 2004. Seven years, $64MM. $23MM guaranteed.

The Jets have signed three quarterbacks to deals involving more guaranteed money, but each of those contracts — for Mark Sanchez (2009), Sam Darnold (2018) and Zach Wilson (2021) — was a rookie pact.

Philadelphia Eagles

Pittsburgh Steelers

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5 Key Stories: 5/21/23 – 5/28/23

Some notable developments concerning both on- and off-the-field matters took place over the past week. In case you missed anything, here’s a quick breakdown of the top headlines:

  • Cardinals Release Hopkins: DeAndre Hopkins was the subject of plenty of speculation this offseason, with many expecting a trade sending him out of Arizona. Instead, the Cardinals have cut the All-Pro wideout, leaving him free to join a new team on the open market. No trade could be worked out for the 30-year-old, whose contract was a sticking point in negotiations. By deciding not to designate Hopkins a post-June 1 release, the Cardinals will absorb just over $21MM in dead money next season, one in which the rebuilding team’s expectations will be very low. By doing so, however, Hopkins’ contract will come off the books entirely in 2024. The five-time Pro Bowler has been open about disclosing which teams he would prefer to join, but a number of suitors should be involved in his pursuit as contenders look to boost their passing attack late in free agency.
  • Chargers, Ekeler Agree To Reworked Deal: For much of the offseason, the future of Chargers running back Austin Ekeler in 2023 and beyond was in doubt. He will remain in Los Angeles for at least one more year, though, after adjusting his contract to include new performance incentives. The 28-year-old has been seeking a new deal placing him higher in the league’s RB pecking order; the inability of he and the Chargers to agree to an extension resulted in a trade request at the start of free agency. No market emerged, though, making it little surprise that he will play out the final year of his pact with the Chargers. Another highly productive two-way campaign could earn Ekeler over $1MM in new money, and help boost his stock ahead of free agency.
  • Goodell Nearing Another Extension: Much of the attention with respect to contracts is paid to players, coaches and front office personnel during this time of year, of course, but the NFL itself will have stability at the top for years to come. Commissioner Roger Goodell is in line to sign another extension, which will continue his tenure at the helm of the league through 2027. Goodell will have been in his position for more than 20 years by the end of that deal, making him the league’s second-longest tenured commissioner. Controversies of many kinds have littered his time in charge, but the league’s financial growth on his watch has been substantial and appears poised to continue during the current CBA. The extension will likely not be officially approved until later this offseason, but it considered a done deal at this point by the owners, who are content to maintain the status quo once again.
  • Brady To Become Minority Raiders Owner: The post-playing future for Tom Brady is set to begin in the broadcast booth in 2024, but he could have a new title by that point. The now twice-retired quarterback has an agreement in place buy a stake in the Raiders. The 45-year-old has been linked to joining Vegas as a player at various times, but now he is set to occupy a front office role alongside owner Mark Davis. The pair already have a working relationship given their shared ownership of the WNBA’s Las Vegas Aces, and now Brady will join an organization filled with connections to his Patriots past. Questions will be raised about a return to the playing field, along with concerns over a potential conflict of interest once his FOX broadcasting endeavor begins, but league approval of Brady’s latest move appears set to take place in the near future.
  • Steelers Begin Highsmith Extension Talks: The Steelers already have one star pass rusher in T.J. Watt, but his running mate, Alex Highsmith, is due for a lucrative deal of his own. The latter is now in talks for a Pittsburgh extension ahead of the final year of his rookie contract, one which has provided the team with tremendous value given his production. The 25-year-old has set a new personal mark in sacks with each passing season, recording 14.5 last season (many of which came with Watt sidelined). Highsmith should be in line for a considerable raise, though it could become challenging for the Steelers to afford him given the league-leading $28MM AAV of Watt’s contract. Pittsburgh has remained adamant that Highsmith is part of their long-term plans, and the team has a history of working out big-money deals with impact players ahead of their walk years. A continuation of that trend would give them one of the league’s top edge rushing duos for years to come.