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This Date In Transactions History: Patriots Trade Brandin Cooks To Rams

When Brandin Cooks was traded to the Patriots in 2017, there was hope that the wideout would stick around New England as one of Tom Brady‘s top targets. About 13 months later, Cooks tenure with the team had come to an end. On this date in 2018, the Patriots traded the wide receiver to the Rams. 

Cooks was plenty productive during his lone season in New England, with the wideout leading the air attack (alongside Rob Gronkowski) following Julian Edelman‘s season-ending injury. The receiver finished the regular season having hauled in 65 receptions for 1,082 yards and seven touchdowns, and hee continued producing in the postseason, catching another 19 receptions for 292 yards.

That performance apparently wasn’t enough, as the Patriots sent him out on April 3, 2018. Perhaps the team was wary of Cooks’ impending free agency following the 2018 campaign, or perhaps they thought Brady and Bill Belichick‘s clout would land them a comparable (and/or cheaper) receiver via free agency. Either way, New England ultimately sent Cooks and a fourth-rounder to the Rams in exchange for a first-rounder (a pick that eventually turned into lineman Isaiah Wynn) and a sixth-rounder. The Rams subsequently signed the receiver to a pricey five-year, $81MM extension (including $50.5MM guaranteed).

Even though Cooks didn’t last all that long is Los Angeles, it’s hard to be too critical of the Rams. Cooks had a 1,200-yard season during his first year with the Rams, but he fell off in 2019, compiling only 635 yards from scrimmage in 14 games. Following the season, the Rams paired Cooks with a fourth-rounder and sent him to the Texans for a second-rounder (which ultimately turned into receiver Van Jefferson).

Similarly, it’s hard to be too critical of the Patriots; after all, Wynn was a fine consolation. However, the Patriots’ motivation for the trade has never really been explained. While the financial reasons were obvious, it was assumed that the organization would subsequently replace Cooks spot in the lineup. The team was also especially shallow at wideout after Danny Amendola signed with the Dolphins.

While New England would be connected to a number of receivers throughout that 2018 campaign, the team never did anything to significantly improve their receiver corps. That 2018 squad finished without a 1,000-yard receiver, with running back James White leading the squad in receptions. Per usual, that didn’t end up mattering all that much; the Patriots still won the Super Bowl that season after beating (you guessed it) the Rams. While the Patriots selected receiver N’Keal Harry in the first round of the 2019 draft, they never really added another veteran receiver like Brady desired, an issue that was exacerbated after Gronkowski’s sudden retirement. That 2019 campaign would ultimately be Brady’s final season in New England.

This Date In Transactions History: Cardinals Trade For Carson Palmer

In the years between Kurt Warner‘s retirement and Bruce Arians‘ 2013 Arizona arrival, the Cardinals experienced persistent issues at quarterback. A few months into Arians’ tenure, the franchise made a move to stabilize that position. 

Nine years ago today, the Cardinals acquired Carson Palmer from the Raiders. In the second Palmer trade in less than two years, the Raiders were not able to fetch what the Bengals did in 2011. On April 2, 2013, the Cards sent a 2013 sixth-round pick and a conditional seventh-rounder in 2014 for Palmer. Arizona immediately extended the then-33-year-old passer, signing him for two years and $16MM. That would not be the last Cardinals contract Palmer signed.

Palmer spent eight seasons with the Bengals, essentially redshirting as a rookie before starting from 2004-10. However, the former Heisman winner grew impatient with the Bengals’ conservative offseasons and staged a brief retirement that lasted well into the 2011 season. The Raiders ended the Palmer-Bengals stalemate by sending a 2012 first-round pick and a 2013 second-rounder to Cincinnati in October 2011. Those picks became Dre Kirkpatrick and Giovani Bernard. While Palmer mostly stayed healthy in Oakland, the Raiders went just 8-16 during the Pro Bowler’s starts in silver and black.

The USC product threw for 4,018 yards, with 22 touchdown passes compared to 14 interceptions in 2012, but went 4-11 as a starter that season. Oakland parted ways with Hue Jackson, their head coach in 2011, and hired Dennis Allen in 2012. The Raiders made an unusual pivot in 2013, using Terrelle Pryor as their primary starting QB — with Matt McGloin mixing in — but acquired Derek Carr in the 2014 second round. Interestingly, the conditional seventh-round pick the Raiders acquired in the Palmer deal turned into defensive lineman Shelby Harris, who played eight games in Oakland before catching on as a regular in Denver.

The Cardinals, who went 5-11 in 2012 and had used John Skelton as their primary post-Warner QB, improved immediately. Palmer started 16 games and guided Arizona to a 10-6 record in 2013. He went 6-0 as Arizona’s starter in 2014, but the second ACL tear of his career harpooned a talented Cardinals squad — one that also lost backup Drew Stanton and ended up starting Ryan Lindley in its wild-card playoff outing. In 2015, Palmer rebounded and finished second in the MVP voting. The then-35-year-old quarterback threw a Cards-record 35 touchdown passes and led the NFL with 8.7 yards per attempt, guiding the team to a 13-3 record and an overtime playoff victory over the Packers.

Injuries ended up limiting Palmer again in 2017, and he retired shortly after that season. This came after Palmer signed a three-year, $49.5MM contract — in 2014, days before his second ACL tear as a pro — and a one-year, $24.4MM extension in 2016. While the Cardinals traded up for Josh Rosen months after Palmer’s exit, they reversed course a year later and drafted Kyler Murray first overall.

This Date In Transactions History: Peyton Manning Retires From NFL

Prepare to feel old, because it’s been six years since Peyton Manning‘s retirement. In 2016, the quarterback left the game as a two-time Super Bowl champion, the NFL’s all-time leader in total wins, and one of the sport’s greatest quarterbacks of all time. 

Manning spent the first 14 seasons of his remarkable career with the Colts. Then, came his neck surgery in 2011, followed by spinal fusion surgery. He’d miss out on the entire ’11 campaign, snapping his streak of 208 consecutive regular season starts. After months of rehab, Manning said he could barely throw a football ten yards. Many feared that he was finished at this point, but Manning disagreed. Ditto for the Broncos, who were happy to furnish him with a lavish contract in 2012.

The Broncos backstopped Manning by drafting Brock Osweiler in the second round of the 2012 draft, but it’d be a while before he took the reins. Instead, Manning went on to enjoy a four-year stint in Denver. He completed 66.5% of his passes for 17,112 yards and 140 touchdowns against 53 interceptions. Along the way, he picked up three of Pro Bowl nods, two First-Team All-Pro selections, yet another MVP award, and yet another Super Bowl ring.

When all was said and done, Manning set new watermarks for total wins by a QB (200), passing yards (71,940), and passing touchdowns (539). He also set the record for most single-season TD tosses (55; 2013). All in all, the No. 1 overall pick of the 1998 draft managed 14 Pro Bowl bids, seven First-Team All-Pro selections, and five MVP trophies. Needless to say, he could have called it quits in 2011 and still walked away as one of the NFL’s GOATs. That’s doubly true when considering his lifetime earnings of $250MM+ — not counting his piles of endorsement checks. Still, Manning wanted to go out on his terms, and he did just that.

Manning wasn’t at his personal best in his final season, but he was good enough while teamed with the league’s most feared defense. A few weeks after hoisting the Lombardi Trophy, Manning closed the book on his Hall of Fame career.

NFL Contract Guarantees, Explained

Unlike in the NBA or MLB, players’ contracts in the NFL aren’t guaranteed by default. Typically, an NFL player will receive at least some guaranteed money when he signs a deal, but that money often comes in the form of contract bonuses, and in particular signing bonuses. While a player’s base salary, or P5 salary, will occasionally be guaranteed for a season or two, more often than not future seasons in that contract are fully non-guaranteed, allowing the team to escape the contract without much of a cap hit, particularly if the player’s bonus money was limited.

Take Anthony Hitchens, for example. The linebacker inked a five year, $45MM deal with Chiefs in 2018 with around $21MM in total guarantees. Rather than carrying him at a $12.6MM cap figure in 2022, the Chiefs released earlier this month, saving upwards of $8.4MM. At the time of signing, Hitchens was one of the highest paid inside linebackers in the game on a per-year basis. But, because of the way his deal was structured, the Chiefs were able to escape multiple years and millions on the commitment.

Signing bonuses, which are generally paid in one or two lump sums, are fairly straightforward forms of guaranteed money, but not all guaranteed money is created equal. Often times, we’ll hear of blockbuster deals with $60MM+ in supposed guarantees. However, upon learning the full details of the contract, it’ll turn out that only, say, $15MM is truly locked in. Usually, the difference lies in “injury only” guarantees and cash flow.

An injury-only guarantee is one of three types of guarantees that a team can write into a player’s contract that apply to his base salary in a given season. These guarantees are as follows:

  • Guaranteed for injury: If a player suffers a football injury and cannot pass a physical administered by the team doctor, he would still be entitled to his full salary if the team were to release him. For a player with several future seasons guaranteed for injury only, it would take a career-ending injury for the team to be on the hook for all those future injury-only guaranteed salaries.
  • Guaranteed for skill: The most subjective of the three, a player whose talents have significantly declined and is released for skill-related reasons (ie. another player beats him out for a roster spot) would still be entitled to his full salary if that salary is guaranteed for skill.
  • Guaranteed for cap purposes: This form of guarantee ensures that a player who is released due to his team’s need to create cap room will still be entitled to his full salary.

A team can use a combination of these forms of guarantees, making a player’s salary guaranteed for injury and skill, for example. In the event that a player’s salary is guaranteed for injury, skill, and cap purposes, we’d refer to that salary as fully guaranteed, since the player would be eligible for his full salary regardless of the reason for his release.

As is the case with prorated bonuses, all future guaranteed salary owed to a player by a team is considered “dead money” and would accelerate onto the club’s current cap in the event of his release (over one or two years, depending on whether the cut happens after June 1). For the most part though, beyond the first year or two of a deal, that prorated signing bonus money is the only guaranteed figure remaining on the contract, which is why teams often don’t have qualms about releasing a player in the later years of his deal.

This Date In Transactions History: Jets Release Nick Mangold

After eleven seasons, Nick Mangold‘s time with the Jets came to an end. On this date in 2017, Gang Green released the veteran center to save roughly $9MM against the cap. 

Mangold played in a career-low eight games the previous year and had no guaranteed dollars to go on his deal. It was supposed to be the final year of Mangold’s seven-year Jets contract. He was a standout, a fan favorite, and he was synonymous with the organization for over a decade. However, the Jets were one of the league’s most cap-strapped teams at the time.

A two-time All-Pro and seven-time Pro Bowler, Mangold started all 164 games in which he played for the Jets. Mangold said he’d continue playing after rehabbing from the ankle injury that hampered his 2016 season. Unfortunately, the issue lingered. Contenders like the Ravens could have used Mangold, but he wasn’t able to answer the call.

The Jets turned the job over to backup Wesley Johnson, who would find himself with the rival Dolphins one year later. Mangold, meanwhile, inked a one-day contract to retire with the Jets in 2018. Ultimately, the beloved center was unable to bounce back at the age of 34.

Everything that happened from pee-wee football to high school football to having the good fortune to play at The Ohio State University molded me for my opportunity to play for the New York Jets,” said Mangold. “In my 11 years as a Jet, there were plenty of ups and downs but, through it all, I wanted to be the Steady Eddie. I wanted to be the guy that other guys looked at to see how it was done. I learned this attribute from the vets that I played with.”

My biggest regret is not bringing the Lombardi Trophy to New York but, as I retire, I will continue my efforts to bring the Trophy home in a different capacity. I have no idea what that capacity is but I’m sure I will figure something out in the future.”

This Date In Transactions History: Giants Extend Tom Coughlin

On this date in 2014, the Giants were coming off their first losing season in almost 10 years and head coach Tom Coughlin was about to enter lame-duck status. So, to avoid any controversy regarding their coaching staff, the organization decided to give their head coach an extension.

On February 21, 2014, the Giants signed Coughlin to a one-year extension. The deal kept the long-time head coach on the sideline through the 2015 campaign, with the new deal paying Coughlin around $7MM.

“The Giants have always done that,” Coughlin said of his one-year deal (via Conor Orr of NJ.com). “That’s the way it has been indicated to me. I didn’t pay a whole lot of attention to it to be honest with you. We’ve got a lot of work going on in our business, as you know. I had great confidence that it would happen. And it did.”

Following a relatively successful stint as the Jaguars head coach, Coughlin joined the Giants in 2004. During his first five season at the helm, the Giants won 47 regular season games, made four postseason appearances, and won a Super Bowl. After dropping to 8-8 in 2009, they rebounded with 10 wins in 2010 before going 9-7 and earning another ring in 2011. After that second championship, the Giants inked Coughlin to a three-year, $20MM deal.

Following their Super Bowl XLVI victory, the Giants had another 9-7 record in 2012, but this time the team failed to reach the playoffs. The team fell to 7-9 in 2013, but there was still some reason for optimism. The team had an awful start to the season, going 0-6 through the first month-plus. However, they managed to rebound, going 7-3 for the rest of the season. Plus, the head coach had shown an ability to rebound from underwhelming seasons with championship-winning squads. So, when the Giants committed to Coughlin beyond the upcoming 2014 campaign, it raised few eyebrows.

However, things wouldn’t get better for the organization. The team fell to 6-10, but Coughlin still got another one-year extension to once again avoid lame-duck status. The team had another 6-10 season in 2015, and the writing was on the wall. There were whispers that the Giants were prepared to move on from Coughlin, but naturally, the organization allowed their successful coach to save face. So, Coughlin announced that he was stepping down from his position after the two sides decided to part ways.

The Giants took it year-by-year with Coughlin during his final seasons with the organization, but the team has been willing to commit to their recent hires. The team inked Ben McAdoo to a four-year deal, and they signed Pat Shurmur and Joe Judge to five-year deals. We haven’t heard anything about the length of Brian Daboll‘s contract, but the new HC is surely hoping he’ll last longer than his predecessors.

This Date In Transactions History: Ravens Sign Rod Woodson

By the late 1990s, Rod Woodson went from perennial All-Pro as a Steeler to 49ers cap casualty. The Hall of Fame defender began a memorable second act on this date 24 years ago. 

The Ravens swooped in and signed Woodson on Feb. 20, 1998, landing the then-11-year veteran cornerback on a four-year, $11.5MM deal that came with a $3MM signing bonus. Woodson would soon become a critical piece of one of the NFL’s all-time great defenses.

A year earlier, Woodson became a free agent and signed with the 49ers. San Francisco added both Woodson and fellow ex-Steeler Kevin Greene for the 1997 season. The 49ers led the league in total defense and secured the NFC’s No. 1 seed that year; they lost to the Packers in the conference championship game. Both players became cap casualties on the same day in 1998. Shortly after Woodson’s Ravens agreement, Greene re-signed with the Panthers.

Baltimore used Woodson as a cornerback in 1998, but in one of the best position-change decisions in modern NFL history, the five-time All-Pro corner moved to safety a year later. This shift coincided with the Ravens’ defensive ascent. After ranking 22nd in total defense in a 6-10 1998 season, Baltimore ranked second in ’99 — an 8-8 slate. Woodson led the NFL with seven interceptions and returned two for touchdowns in his first season as a safety. That began a run of four straight Pro Bowls for the veteran, who would go on to become an 11-time Pro Bowler.

In 2000, the Ravens elevated their performance considerably. Woodson, then 35, started 16 games for a defense that allowed just 10.3 points per game — the fewest in the 16-game era, breaking the 1986 Bears’ previous mark (11.7) — and lifted the team to a 12-4 record and Super Bowl XXXV championship. The Ravens blended a mix of homegrown young talent — headed by Ray Lewis, Peter Boulware and Chris McAllister — with veterans to assemble that storied defense, with Woodson spearheading the latter contingent. He finished the 2000 season with four picks and 77 tackles.

The Ravens held onto Woodson through the 2001 season. He signed with the Raiders in 2002 and played a pivotal role in that team advancing to the Super Bowl, leading the NFL with eight INTs. Woodson wrapped his 17-year career after the 2003 season and became a first-ballot Hall of Famer in 2009

This Date In Transactions History: Ravens Tag Terrell Suggs

The Ravens have not made paying edge rushers much of a priority, letting a slew of talented outside linebackers — from Matt Judon to Yannick Ngakoue to Za’Darius Smith, among others over the past several years — leave in free agency. The team has made one notable exception here, and that chain of events began 14 years ago today.

Baltimore made a point to ensure Terrell Suggs did not leave during his prime. To prevent such a development, the Ravens used their franchise tag on the impact edge performer on Feb. 19, 2008. This began a rather lengthy process, and a Suggs extension did not commence in the near future.

Tagged at the then-$8.1MM linebacker rate, Suggs filed a grievance to be tagged as a defensive end. The Ravens and Suggs agreed on a compromise price for the 2008 season — $8.5MM, halfway between the D-end and linebacker tags — that May, and the 2003 first-round pick played his age-26 campaign on the tag. Judon agreed to a similar compromise 12 years later. Unlike Judon, the Ravens made a plan to retain Suggs following his tag season.

Baltimore began its John HarbaughJoe Flacco era in 2008, keying a resurgence that produced five straight playoff berths, and Suggs remained one of the team’s defensive linchpins. While Ed Reed and Ray Lewis being in their primes overshadowed Suggs at this point, to some degree, the Arizona State product was the team’s lead sack artist. Suggs was mired in what became a five-season run of single-digit sack slates; he finished with eight in 2008. He added four more during a three-game Ravens playoff run. Baltimore still used the exclusive tag on Suggs in 2009 and ran the risk of losing Lewis.

On Feb. 18, 2009, the Ravens re-tagged Suggs, ensuring him a $10.2MM salary for that season if no extension was reached. Although Lewis was still playing at a high level in the late 2000s, the Ravens prioritized the younger Suggs. Lewis hit the market, and the Cowboys and Jets were among those to express interest. However, the all-time great re-signed with the Ravens not long after his first and only free agency foray. Suggs still waited for his payday, and the Ravens ended that ’09 offseason by taking care of their other linebacker standout as well. The Ravens re-upped T-Sizzle on a six-year, $62.5MM extension July 15, just before that year’s tag deadline.

Although Suggs recorded only 4.5 sacks in 2009, he displayed his value over the course of his first Ravens extension. He combined for 25 sacks between the 2010 and ’11 seasons, winning Defensive Player of the Year acclaim in the latter year. Suggs then returned from an offseason Achilles tear to help the Ravens win Super Bowl XLVII. The Ravens extended Suggs again in 2014, and he finished a 16-year tenure with the franchise in 2018, working alongside Smith and Judon during the latter duo’s rookie-deal seasons. Suggs’ 132.5 sacks with the Ravens are 62.5 more than anyone else in franchise history.

2022 NFL Head Coaching Search Tracker

Last year, seven NFL teams opted to make a head coaching change. Sean Payton stepping away from the Saints created nine full-time vacancies available this year.

Listed below are the head coaching candidates that have been linked to each of the teams with vacancies, along with their current status. If and when other teams decide to make head coaching changes, they’ll be added to this list. Here is the current breakdown:

Updated 2-7-22 (1:45pm CT)

Chicago Bears

Denver Broncos

Houston Texans

Jacksonville Jaguars

Las Vegas Raiders

Miami Dolphins

Minnesota Vikings

New Orleans Saints

New York Giants

The NFL’s Post-June 1 Cuts, Explained

NFL teams will often use contract bonuses as a way to spread out a cap hit that might otherwise be exorbitant. For example, if a player’s four-year deal includes a $8MM signing bonus, that money can be paid immediately but spread out over four years for cap purposes. This way, the cap charge for the bonus amounts to $2MM per year for cap purposes, rather than $8MM in year one.

There’s an obvious benefit to kicking the can down the road, but it can also hurt teams if they want to terminate that deal. If the club in the above scenario wanted to release the player in the second year of his contract, it would still have to account for that remaining prorated bonus money. Rather than counting on the cap as $2MM per year for two seasons, that dead money “accelerates,” and applies to the cap for the league year in which the player is released. In other words, the remaining $4MM in prorated bonus money immediately counts against the cap.

Although these rules apply to many cuts, a different set of rules is in place for players released after June 1. In that case, a team can spread the cap hit across two seasons rather than one — for the current season, the prorated bonus figure stays at its original amount, with the remaining bonus balance accelerating onto the following season. Referring again to the above scenario, that means the player would count against the cap for $2MM in the league year in which he was cut, with the remaining $4MM applying to the following league year.

The guidelines for pre-June 1 and post-June 1 cuts are fairly straightforward, but things become a little more complicated when we take into account that teams are allowed to designate up to two players as post-June 1 cuts even if those players are released before June.

Take the Saints and star Michael Thomas for example. The Saints are currently slated to have him at a 2022 cap number of $24.7MM. If they were to release or trade him, they’d be left with $22.7MM in dead money. But, with a post-June 1 designation, they’d have a milder $15.8MM dead money charge. The same applies to defensive end Cameron Jordan and more of their high-paid stars, so it’s safe to say that the Saints will take full advantage of the rule as they dig themselves out of a major salary cap hole.

Of course, teams won’t always opt for the dead money deferral. For example, when the Panthers dropped Kawann Short’s contract last year, they swallowed a $11MM cap hit, rather than having it linger into 2022. That gave them a cleaner long-term slate, propelling them to ~$24MM in cap room for this offseason.