This Date In Transactions History News & Rumors

This Date In Transactions History: Texans Trade QB T.J. Yates To Falcons

June 19th, 2021 at 6:31pm CST by Ben Levine

Seven years ago today, we had a rare June NFL trade. In a notable move (at the time), the Texans sent quarterback T.J. Yates to the Falcons for linebacker Akeem Dent.

Houston had actually planned on releasing Yates, their 2011 fifth-round pick. The North Carolina product had failed to show much during his first three years in the NFL, throwing three touchdowns and six interceptions in 13 games. With coach Bill O’Brien deciding to roll with the trio of Ryan Fitzpatrick, Case Keenum, and Tom Savage, Yates was set to be released and hit free agency. However, once word of Yates’ impending release got around the NFL, teams started calling in on the young signal-caller.

Houston ended up landing on a deal with the Falcons, receiving the intriguing Dent in return. The 2011 third-round pick had looked solid during his stint in Atlanta, starting 10 games and compiling 136 tackles in three years. While the Georgia product failed to progress during his time in Houston, the trade still appears to be a win for the Texans. Dent collected 38 tackles and one sacks in 15 games (seven starts) during his first season in Houston, earning himself a two-year extension. However, over the next two seasons, Dent only managed to compile a combined 29 tackles and zero sacks and hasn’t appeared in the NFL since 2016.

Yates’ tenure with the Falcons was short-lived. The quarterback appeared in only a single game for the franchise, completing three of four passes for 64 yards and one interception. He was released by Atlanta prior to the 2015 season, and he ended up catching on again with… the Texans. Yates looked a bit better during his second (and third) stint in Houston, and he earned a chance to play in 2017 due to injuries. He finished the campaign having completed 48.5-percent of his passes for 523 yards, four touchdowns, and three interceptions.

In an interesting twist, the two ex-players signed on to join the Texans’ coaching staff on the same day in February of 2019. Neither player stayed on for the David Culley administration, but Yates now serves as a passing game specialist for the Falcons.

This Date In Transactions History: Panthers Sign Steve Smith To Rookie Deal

June 19th, 2021 at 11:49am CST by Ben Levine

If Pro Football Rumors existed in 2001, we probably would have tucked the signing of a third-round receiver into one of our roundup posts. Fast forward 20 years, and that third-rounder is now considered one of the best wide receivers of the 2000s. On June 19th, 2001, the Panthers signed rookie wideout Steve Smith to his rookie contract.

Smith’s draft stock wasn’t necessarily due to a lack of talent. Rather, teams and scouts had limited (proverbial) tape on the receiver. Smith spent his first two years of college at Santa Monica College, a community college in California. He eventually got an offer to play for the University of Utah, and he proceeded to earn a pair of conference all-star nods during his two seasons in the Mountain West Conference.

However, with only a pair of Division I seasons under his belt (and with a nagging injury toward the end of his senior year), Smith ended up being the 11th wide receiver off the board during the 2001 draft. After going defense with their first two selections, the Panthers chose Smith with the No. 74 pick.

Smith didn’t see much time on offense during his rookie season, although he earned a first-team All Pro nod and Pro Bowl honors after finishing with 1,795 return yards (punt and kick) and three touchdowns. His net yardage of 1,994 led all rookies that season. During his sophomore year, Smith saw a much larger role in the offense, and he emerged as one of quarterback Rodney Peete‘s preferred targets, leading the team in receiving yards. The wideout established himself as one of the league’s top receivers in 2003; along with quarterback Jake Delhomme and running back Stephen Davis, the offensive trio helped guide the Panthers to an NFC Championship.

Unfortunately, that was the closest Smith would ever get to a Super Bowl ring, but the receiver still managed to establish himself as one of the best players in franchise history during his 13 seasons with the Panthers. Smith owns franchise records in receiving yards (12,197), receptions (836), and total touchdowns (67). His best season came in 2005, when he led the NFL in all three of those aforementioned categories (103 catches for 1,563 yards and 12 receiving touchdowns). Smith also earned a long list of accolades during his time with the Panthers, earning three All-Pro recognitions and five Pro Bowl appearances.

Smith’s tenure with the organization didn’t end on the best of terms; after being released by the team in 2014, the receiver promised “blood and guts” if he ever faced off against his former team. The veteran ended up inking a three-year deal with the Ravens, and when he faced off against the Panthers in Week 4 of the 2014 season, Smith went off for a season-high 139 receiving yards and two scores. Smith announced that he was going to retire following the 2015 season, but after that campaign was cut short due to an Achilles injury, he returned for one last season in 2016. He officially retired following that campaign.

The receiver will be eligible for the Hall of Fame next year. Smith ranks eighth all-time in receiving yards (14,731) and 12th all-time in receptions (1,031). Those are some spectacular numbers for a former third-rounder who probably wouldn’t have warranted his own post back in 2001.

This Date In Transactions History: Chiefs Sign Andre Rison

June 18th, 2021 at 10:00pm CST by Sam Robinson

If the current Chiefs run doubles as the most successful point in franchise history, the AFL stretch in the 1960s ranks second. But Kansas City carved out another championship window in the 1990s. The Chiefs booked seven playoff berths in the decade, and they made a big move to strengthen their Super Bowl hopes on this day 24 years ago.

On June 18, 1997, the Chiefs struck a deal with Andre Rison, a former perennial Pro Bowler who had bounced around the league in the mid-’90s. The accomplished wide receiver signed a two-year, $1.8MM contract, at a time when the salary cap was just $41.5MM. For one season, the Chiefs’ partnership with Rison proved crucial.

Once part of a trade that sent the No. 1 overall pick — Jeff George — to the Colts in 1990, Rison established himself as an elite wideout in Atlanta. In five Falcons seasons, the 1989 first-rounder made four Pro Bowls and totaled 56 touchdown catches. Amassed from 1990-94, those 56 TD grabs eclipsed all non-Jerry Rice NFLers by at least four in that span. However, free agency did not lead to a long-term stay elsewhere initially.

The Browns, Jaguars and Packers all cut Rison from 1996-97. Green Bay added the veteran as a midseason replacement for the injured Robert Brooks in 1996, and Rison caught two playoff TD passes from Brett Favre — the second of which a 54-yarder in Green Bay’s Super Bowl XXXI win. The Packers released Rison in March 1997, leading him to Missouri.

The Chiefs remade their passing attack that year, signing Elvis Grbac. While Brett Perriman, late-bloomer Joe Horn and then-rookie Tony Gonzalez were among Grbac’s aerial options that season, the Chiefs relied on a 30-year-old Rison in ’97. Only one Chiefs pass catcher topped 500 yards in 1997; Rison reached 1,092 on 72 receptions. Seven of those grabs went for touchdowns during a season that featured Grbac and future MVP Rich Gannon throwing Rison passes.

While the Chiefs lost in the divisional round, after going 13-3 and earning the AFC’s top seed, their Rison bet made a difference in the team’s second 13-3 season in three years. Despite the defense-powered Chiefs losing 14-10 to the eventual champion Broncos in their playoff opener, Rison’s 110 receiving yards led all players that day. The Michigan State alum made his fifth and final Pro Bowl in his first Chiefs season.

Rison scored a six-year, $15.5MM Chiefs extension in June 1998 but played only two years on that deal. A hamstring injury hampered him in 1998, and he was not productive in 15 games the following year. The Chiefs released Rison during the 2000 preseason. Rison concluded his career as a Raiders role player that year, hauling in six TD passes from Gannon on an Oakland team that advanced to the AFC championship game. Rison finished in the top seven in receptions, yards and touchdowns among pass catchers in the 1990s.

This Date In Transactions History: Giants Cut Phil Simms

June 16th, 2021 at 8:49am CST by Sam Robinson

The Giants saw Eli Manning retire last year, ending a 16-year run. The other Giants passer to be named Super Bowl MVP did not receive the same sendoff. Phil Simms‘ 15-season stay in New York ended 27 years ago today when the Giants released him.

Although Simms had reclaimed his starting job and led the Giants to the 1993 playoffs — en route to his second Pro Bowl — the team cut him due to salary cap concerns on June 16, 1994. The ’94 offseason was the first time NFL teams had to navigate a salary cap, which debuted at $34.6MM. Simms — 38 and fresh off of offseason shoulder surgery — was set to earn $2.32MM in the coming season.

Simms and Jeff Hostetler had split time in 1991 and ’92, with Hostetler winning New York’s QB1 job in 1991 after replacing an injured Simms late in the Giants’ 1990 Super Bowl-winning season. Simms started four games in ’92 but suffered a season-ending injury. However, the Giants let Hostetler sign with the Raiders in 1993 and reinstalled Simms as their starter. He started all 16 games, and the Giants came within an iconic Week 18 Emmitt Smith performance of earning home-field advantage in the NFC playoffs. The Giants ended up beating the Vikings in the wild-card round before losing to the 49ers — in what would turn out to be the final NFL game for Simms and Lawrence Taylor — a week later.

“When the decision was made I said, ‘Oh my God.’ Afterward when I was driving home I was still kind of shocked and it was like I didn’t know what had happened,” Simms said. “I can honestly say I was not prepared for it.”

Current Giants co-owner John Mara said his father, Hall of Famer Wellington Mara, was against Hall of Fame GM George Young‘s decision to cut Simms. But the team made the move and handed the reins to 1992 first-round supplemental draft pick Dave Brown. He started the next three seasons for the Giants — who missed the playoffs in each of those slates — with Kent Graham and Danny Kanell then bridging the gap to 1999 free agency addition Kerry Collins.

Simms later said three teams submitted offers for him to continue his career. While he ultimately retired, Simms visited the Browns — then coached by former Giants defensive coordinator Bill Belichick — in 1995. He stayed retired and continued in the broadcast booth instead. The Super Bowl XXI MVP, Simms ranks behind only Manning in passing yards (33,462) and touchdown passes (199) in Giants history.

This Date In Transactions History: Texans Extend Benardrick McKinney

June 14th, 2021 at 8:43am CST by Zachary Links

Today marks the three-year anniversary of Benardrick McKinney‘s five-year, $50MM extension with the Texans. If you forgot to get the inside linebacker a gift, that’s alright. He probably doesn’t need much in the way of gadgets and home furnishings for his new Miami-area pad.

McKinney, a 2015 second-round pick out of Mississippi State, emerged as one of the Texans’ top defenders in his sophomore NFL season. He was solid as a rookie, but as a second-team All-Pro nod in 2016, he finished out with 129 tackles, five sacks, and a forced fumble, ensuring that he would see a sizable pay bump in the offseason. His 2017 stat sheet wasn’t quite as gaudy – 95 tackles and three sacks – but he was still impressive and placed as Pro Football Focus’ No. 24 ranked linebacker in the NFL.

Because he was a second-round pick, the Texans didn’t have the fifth-year option as a safety net. By 2018, McKinney was set to enter his walk year, when he could potentially send his sticker price through the roof. McKinney, meanwhile, was 25 and wanted the security of a multi-year deal. It was the right time for both parties to come to the table and the Texans were happy to oblige. The deal also gave them a clearer picture of their budget as they considered an extension for Jadeveon Clowney (though they ultimately couldn’t make it work).

McKinney went on to earn a Pro Bowl nod in 2018 and racked up 100+ tackles again in 2019. Last year, however, a shoulder injury limited him to just four games. Then, the Texans were in a bit of a pickle as they had to replace franchise icon J.J. Watt. Earlier this year, they shipped McKinney to the Dolphins for edge rusher Shaq Lawson. In cap terms, the deal was pretty much a wash. But, on the field, the Texans effectively swapped Watt and McKinney for Lawson and newcomer Christian Kirksey.

Now, McKinney is set to start alongside Jerome Baker, who just landed a sizable extension of his own. When McKinney was at his best, he formed one of the league’s best run-stuffing tandems with Zach Cunningham. This Dolphins duo has the potential to be even better, if McKinney can match Baker’s strides in pass coverage.

This Date In Transactions History: Eagles Extend Fletcher Cox

June 13th, 2021 at 1:26pm CST by Zachary Links

Five years ago today, the Eagles locked up Fletcher Cox to a six-year, $103MM deal. The pact, which included $63MM in total guarantees, tied the defensive tackle to Philly through the 2022 season.

Our retrospectives often deal with contracts that didn’t make it all the way to the end. After all, that’s the nature of the NFL, where injuries are common and true long-term security is hard to come by. However, Cox has mostly held up his end of the bargain. At the time of signing, Cox was coming off of his first ever Pro Bowl appearance. Now, he’s up to six straight, including a 2018 All-Pro nod.

The Eagles started talks in the spring, but things stalled into the summer. Cox skipped the Eagles’ voluntary workouts, leaving some to wonder whether a deal would ever come together. Still, Howie Roseman called Cox a “huge part” of the Eagles’ future and he backed that up by making him the second-highest paid defender in NFL history (at the time), just behind Ndamukong Suh and just ahead of Olivier Vernon. The $63MM in guaranteed cash was notable, and $55.5MM of that was effectively guaranteed at signing — $1.5MM more than Aaron Rodgers got on his re-up.

Cox remains a key cog on the Eagles’ defensive line, having notched 6.5 sacks from the interior last year. However, Jeff McLane of The Inquirer hears that the team has some concern about his conditioning. The feeling in Philly is that Cox hasn’t been as dedicated as Rams star Aaron Donald, and there’s concern that it will catch up with him sooner rather than later. If Cox loses a step, the Eagles won’t be inclined to carry his $23.8MM cap hit into 2022. Instead, the Birds could drop him between now and next spring, saving $10.6MM against $13.15MM in dead money.

This Date In Transactions History: 49ers Release Jerry Rice

June 4th, 2021 at 9:52pm CST by Sam Robinson

The 2001 free agency period featured some key players change teams. Simeon Rice and Priest Holmes relocated and soon became All-Pros, and the Buccaneers landed eventual Super Bowl starter Brad Johnson. But the biggest name available that year was not up for debate.

Jerry Rice became a free agent 20 years ago today, and although he did not last long unattached, the legendary wide receiver hitting the market was certainly notable. The 49ers made Rice a cap casualty on June 4, 2001, taking advantage of the post-June 1 cut designation that allowed for cap relief. Because post-June 1 cuts at this point required the team to make such moves after that date, another free agency wave took place annually.

This ended Rice’s storied 49ers tenure, which lasted 16 years and saw the eventual 20-year veteran set every major career receiving record there is. Rice signed a seven-year, $32MM contract in the summer of 1996; that deal was set to take him through the 2003 season. The 49ers and their all-time great agreed to multiple restructures, including a redo in 2000. Rice said at the time of the last restructure he wanted to finish his career in San Francisco, but that did not end up coming to pass.

The 49ers prepared for this transaction months ahead of it transpiring. Their Week 16 game against the Bears in 2000 doubled as “Jerry Rice Day,” with the then-38-year-old receiver playing his final game as a 49er at Candlestick Park. Terrell Owens, closing out his fifth season with the 49ers, did some reasonable upstaging by catching 20 passes to break the NFL’s then-50-year-old single-game reception record. A 1996 third-round pick who would end up following Rice to Canton, Owens earned the first of his five first-team All-Pro honors that season and had entrenched himself as San Francisco’s No. 1 wideout entering the 2000s. The last of Rice’s NFL-record 10 first-team All-Pro nods came in 1996.

Rice’s exit marked the end of a 49ers era, one that rapidly wound down after Steve Young sustained a career-ending injury in September 1999. Rice was to earn a $4.1MM salary in 2001, and although his first Raiders contract — a four-year, $5.4MM pact — called for him to make just $1.4MM that season, the veteran landed on his feet in Oakland. After playing on a 6-10 Niners team in 2000, Rice ended up helping the Raiders make the playoffs over the next two years.

He agreed to terms with the Raiders a day after his 49ers release, joining the Silver and Black ahead of what would be Jon Gruden‘s final season (of his first Raiders stay, that is). After back-to-back years in which he was held under 900 receiving yards, Rice rebounded with consecutive 1,100-plus-yard seasons in Oakland. The second of those, during the Raiders’ 2002 AFC championship campaign, produced his 14th and final Pro Bowl invite at age 40. The Raiders gave Rice a six-year, $30MM extension in 2003.

This Date In Transactions History: Chiefs Release Jeremy Maclin

June 2nd, 2021 at 9:06am CST by Zachary Links

Four years ago today, the Chiefs shocked everyone with their release of Jeremy Maclin. Despite a down 2016, Maclin still profiled as one of the most talented wide receivers in the NFL and was slated to enter the year as the Chiefs No. 1 wideout. Instead of waiting to see what the 29-year-old could do, they opted for more cap space and more targets for their younger receivers, including second-year pro Tyreek Hill.

At the time of his release, Maclin was not far removed from his 1,000+-yard 2015 season, or even his stellar 2014 with the Eagles, when he set a career high of 1,318 yards. His 2015 debut with Kansas City was, in some respects, even more impressive – Maclin caught 70.2% of his targets, easily topping his career 61.3% mark.

Still, the Chiefs saw an opportunity to save in an area where they already had a surplus of talent. Dropping Maclin saved the club $10MM in cap room with just $2.4MM left in dead money. The move made sense from a club perspective, but the timing was less-than-fair for the veteran.

Had he been released in March, Maclin would have had an opportunity to secure a solid multi-year payday. The league wasn’t all that juiced about the free agent WR market that offseason – Alshon Jeffery led the way with a one-year, $14MM deal and Terrelle Pryor settled for a one-year, $6MM deal, despite his camp’s best efforts to position him as an eight-figure salary player. In June, he was viewed as the bell of the ball, ahead of options like Anquan Boldin, Steve Johnson, Eddie Royal, and Marquess Wilson. But, most of the money had already dried up. He wound up signing with the Ravens on a two-year, $11MM deal.

Maclin never got the opportunity to justify his hefty five-year, $55MM pact in KC, and he clearly wasn’t the same player when he moved on to Baltimore. He finished out with just 40 catches for 440 yards for an average of eleven yards per grab – all career lows. Then, an injury wiped out his 2018 season. In 2019, Maclin wasn’t able to scare up much interest as a free agent, so he retired at the age of 30.

The decision to drop Maclin was puzzling at the time, but it’s hard to argue with the call in retrospect. Hill went on to have a breakout 2017 with 75 catches, 1,183 yards, and seven touchdowns. And, in the last two years, their explosive offense has propelled them to two AFC titles and one Super Bowl ring.

This Date In Transactions History: Rams Release Kurt Warner

June 1st, 2021 at 6:40pm CST by Ben Levine

One of the best rags-to-riches tales in NFL history (temporarily) came to an end on this date 17 years ago. While no one knew it at the time, the story still had years to go before its conclusion. On June 1, 2004, the Rams released veteran quarterback Kurt Warner.

Warner, of course, went from an undrafted free agent and Arena Football League standout to NFL MVP. By the end of the 2003 campaign, Warner had easily cemented himself as one of the top athletes in St. Louis history. After getting thrust into the Rams starting lineup in 1999, the QB would go on to win a pair of MVPs, twice lead the NFL in touchdowns, and win a Super Bowl (along with a Super Bowl MVP). However, the wheels started to come off a bit during the 2002 season. Warner was limited to only six starts that season, with the Rams going 0-6 in those contests.

Warner was the starter to begin the 2003 campaign, but it somehow got worse. During his lone start, he had six fumbles, leading to his official benching. Meanwhile, fill-in Marc Bulger guided the Rams to a 12-3 record as a starter, cementing his spot as the Rams’ QB of the future. As a result, Warner found himself on the outs in St. Louis.

The writing was on the wall during the 2004 offseason. The Rams organization continued to work on a long-term pact with Bulger, and they also signed Chris Chandler to serve as the backup play-caller. So, with the June 1 deadline officially passing, the Rams decided to move on from Warner on this date in 2004. The move saved the Rams about $4.8MM in cap room while costing them about the same amount in dead cap, and they had to eat another $6MM-plus in 2005.

While Warner was reportedly seeking a starting gig following his release, he ultimately settled into a backup role as Eli Manning‘s mentor with the Giants. Warner actually had a chance to start at the beginning of the year, and he showed some improvement from his dreadful 2002 and 2003 campaigns. Still, he only finished with six touchdowns in nine starts, and the Giants voided the second-year of the QB’s contract at the conclusion of the season.

Warner added another chapter to his story in 2005. The veteran joined the Cardinals, and while he’d eventually earn a place in Arizona lore, it took a while for him to fully secure the starting gig. Thanks in part to injuries and the team’s desire to play top draft picks (including Matt Leinart), Warner only saw time in 16 games through his first two seasons with the organization, collecting a 3-12 record.

However, Warner experienced a career turnaround in 2007; his 27 touchdowns were his highest total since 2001. Then, Warner truly put himself back on the NFL map in 2008, earning a Pro Bowl nod after completing 67.1-percent of his passes for 4,583 yards and 30 touchdowns. More importantly, he guided his team to the Super Bowl, where he eventually lost to the Steelers. 2009 was another standout season for Warner, as he tossed 26 touchdowns while leading the Cardinals to a 10-5 record. However, that iteration of the Cardinals got blown out in the Divisional Round, and Warner announced his retirement soon after the season.

While no one thought Warner’s career was finished when he was released by the Rams on this date in 2004, few pundits probably envisioned him returning to the Pro Bowl, much less the Super Bowl. Just like Warner did during the early parts of his career, the QB managed to persevere and surprise during the second-half of his storied career.

This Date In Transactions History: Chiefs Promote Chris Ballard, Brett Veach

May 29th, 2021 at 5:02pm CST by Sam Robinson

Despite going 50 years between their second and third Super Bowl appearances, the Chiefs have become the AFC’s best team to start the 2020s. They became the only non-Patriots AFC team to reach back-to-back Super Bowls since the Broncos more than 20 years ago and, per BetOnline.ag, are slight preseason favorites to win Super Bowl LVI.

Although Andy Reid is rightfully associated with the franchise going from a 2-14 2012 season to seven playoff appearances over the next eight years, the Chiefs developed some front office talent during this span. The Reid-John Dorsey power structure included key lieutenants, and two of those — Chris Ballard and Brett Veach — took steps toward future GM posts on this day six years ago.

On May 29, 2015, the Chiefs promoted both to the jobs they held when GM offers came. Ballard rose from Chiefs player personnel director to director of football operations, and Veach climbed to a co-director of player personnel post. Both execs served as key Dorsey sidekicks, with Ballard in particular drawing frequent outside interest. Ballard and Veach came to Kansas City along with Reid in 2013.

The Bears, Ballard’s team before he joined the Chiefs, interviewed he and Ryan Pace for their GM post on the same day in January 2015. That job ended up going to Pace, who remains Chicago’s GM. Ballard also surfaced on the Jets and Lions’ GM radars and interviewed for the Titans’ GM post that went to Jon Robinson. The Chiefs denied the 49ers permission to speak with Ballard in early 2017. The Colts hired him months later.

Veach has worked with Reid since breaking into the NFL as an Eagles intern in 2004. A step behind Ballard in Kansas City, Veach did not interview for any outside GM jobs like his former coworker. But the Chiefs ended up promoting him to replace Dorsey, whom Clark Hunt fired in June 2017, shortly after Ballard left for Indianapolis. Both GM rises have produced success.

The Colts quickly rebounded from three straight playoff absences, having made the playoffs in two of the past three years. Indianapolis did so despite some stunning sequences — Josh McDaniels‘ bailing on a head coaching agreement and Andrew Luck abruptly retiring — proving temporary setbacks. Although measured in free agency, Ballard, 51, has been aggressive on the trade market in recent years — as deals for DeForest Buckner and Carson Wentz have shown.

Following the Chiefs’ Super Bowl LIV victory, the team gave Veach a six-year extension. Veach, 43, played a key role in the then-Dorsey-led Chiefs trading up for Patrick Mahomes in 2017 and as GM helped give the superstar quarterback help. After revamping Kansas City’s porous defense in 2019, Veach extended Mahomes, Travis Kelce and Chris Jones in 2020. The Mahomes deal remains the NFL’s richest pact, at $45MM annually, though its 10-year structure stands to benefit the Chiefs.

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