Keenan Allen

WR Notes: Allen, Bolts, Colts, Bills, Browns, Falcons, Jets, Panthers, Saints, Bears

April 12th, 2024 at 12:36pm CST by Sam Robinson

Nearly dealt to the Texans, Keenan Allen will soon team with D.J. Moore on the Bears. Only Malcom Floyd enjoyed a longer WR tenure with the Chargers, who surprised Allen (per ESPN.com’s Kris Rhim) by requesting a pay cut after a 1,243-yard season (career-high 95.1 per game). The process that ended with Allen shipped to Chicago for a fourth-round pick stunned the 11-year veteran, whose camp presented the Bolts with a counteroffer that would have made the 31-year-old talent one of the NFL’s highest-paid wideouts. The team quickly rejected that proposal, Rhim adds.

Cutting Mike Williams to move under the cap, the Chargers had already restructured the deals of Joey Bosa and Khalil Mack. The team asking Allen for a pay cut despite moving well under the salary ceiling surprised the wideout’s camp, per Rhim, though the Bolts wanted more room to work in free agency. Because of a 2023 restructure, Allen was due to count more than $34MM on Los Angeles’ cap. The Bears, who paid Allen’s $5MM roster bonus shortly after acquiring him, have the six-time Pro Bowler on the books at $23.1MM. As of now, Allen is due for free agency in 2025.

Shifting to the draft, here is the latest wide receiver news:

The Bills and Colts are taking a close look at this draft’s fastest player. Xavier Worthy recently visited Buffalo and is now in Indianapolis for a meeting, Bleacher Report’s Jordan Schultz tweets. Blazing to a Combine-record 4.21-second 40-yard dash, Worthy is coming off a 75-catch, 1,014-yard season. The ex-Texas speedster added 12 touchdowns as a true freshman in 2021. Buffalo certainly needs receiving help, after losing Gabe Davis in free agency and trading Stefon Diggs to Houston, while Indianapolis has been Michael Pittman Jr.-dependent for a while. The Colts did see intriguing rookie-year work from Josh Downs (771 yards), but the 5-foot-8 wideout profiles as a slot player.
Georgia wideout Ladd McConkey has now met with the Browns and Falcons, according to NFL.com’s Ian Rapoport. McConkey has spoken with at least 14 teams, Rapoport adds. Several teams have placed a first-round grade on McConkey, who also fared well in his Combine 40 (4.39). The 5-foot-11 target took a backseat to Brock Bowers at Georgia, never eclipsing 800 yards in a season. While McConkey totaled 762 in 2022, that number came in 15 games. Debuting late because of a back injury last season, McConkey finished with just 30 catches for 478 yards. Viewed as a strong route runner with untapped potential, McConkey could be an outside or inside option for his NFL team.
The Jets, Panthers and Browns are among the teams to have hosted Oregon wideout Troy Franklin on a “30” visit, NFL.com’s Mike Garafolo tweets. Franklin had previously met with the Bills and Patriots. Franklin broke through for a 1,383-yard season alongside Bo Nix last year; the 6-3 target should be on the radar as a second-round pick in this deep WR class.
The Saints are the latest team connected to Western Kentucky target Malachi Corley, Rapoport adds. Corley will make a Saturday trip to New Orleans for a “30” visit. The Saints made an effort to trade up in last year’s first round but did not make a major investment at receiver in the draft. They have since signed Stanley Morgan and Equanimeous St. Brown, but considering the Michael Thomas release, it would not surprise to see New Orleans make a bigger move in the draft. Corley is expected to be a second-round pick.
Bears GM Ryan Poles has broken the front office and coaching staff into pods debating the merits of choosing a wide receiver, tackle or defensive end at No. 9, ESPN.com’s Courtney Cronin notes. This makes for an interesting behind-the-curtain look for a team that has done some work on wideouts pre-draft. Worthy, Marvin Harrison Jr., Malik Nabers and Rome Odunze appeared on Chicago’s docket of “30” visits. Odunze or Nabers being available at 9 would certainly be tempting for the Bears, though the Allen trade provides the team some flexibility following Darnell Mooney‘s free agency exit.

Joe Hortiz: Chargers Offered Extension To WR Keenan Allen

March 21st, 2024 at 8:34pm CST by Adam La Rose

8:34pm: Adding some information on the Bolts’ talks with the 11-year veteran, Allen’s agent said (via X) the team only offered his client a pay cut for 2024 and indicated only one proposal came their way. The Chargers’ offer included larger pay cuts for 2025 and ’26, according to his agent, who indicated the team rejected a counteroffer. Allen had signed a four-year, $80.1MM extension in September 2020; that contract is now on the Bears’ payroll.

3:54pm: In addition to releasing Mike Williams, the Chargers helped put an end to their cap crunch by trading fellow wideout Keenan Allen to the Bears. That move came after multiple attempts on the part of Los Angeles’ new front office to work out a new deal.

General manager Joe Hortiz said on Thursday the Bolts presented Allen with “multiple contract options,” as noted by The Athletic’s Daniel Popper. That included an extension offer, one of the ways Allen’s cumbersome cap figure could have been reduced. It was reported in the wake of the deal the six-time Pro Bowler turned down a pay cut request, something Allen himself later confirmed.

An extension would have allowed Los Angeles to retain the 31-year-old for years to come while dropping his 2024 cap charge (one of four which was over $34MM) in the process. A multi-year agreement – adding onto the one season remaining on Allen’s current pact – also likely would have ensured he remained with the Chargers for the remainder of his decorated career. Prior to free agency, the Cal product expressed confidence he would stay with the only team he has played for, but that did not turn out to be the case.

Hortiz took on the Chargers’ GM gig in January to serve as Tom Telesco‘s replacement. He faced the task of dealing with the financial ramifications related to Williams, Allen and edge rushers Khalil Mack and Joey Bosa in his first offseason at the helm. The latter two have had their contracts restructured, ensuring they will be in place for at least one more season. Receiver, by contrast, is now a glaring hole on the team’s roster.

Los Angeles has 2023 first-rounder Quentin Johnston in place as a starter for the time being. Josh Palmer – who has operated a third option behind Allen and Williams while stepping in during their respective absences in his career – is entering the final year of his rookie contract. Adding a pass-catcher early in the draft (in addition to perusing the secondary free agent market) will no doubt be a priority for the Chargers. The team currently holds the No. 5 selection in the first round.

WR Keenan Allen Addresses Chargers Departure

March 16th, 2024 at 9:51pm CST by Adam La Rose

The past week has seen new Chargers general manager Joe Hortiz take major steps aimed at cleaning up the team’s salary cap situation. That effort included restructures for edge rushers Khalil Mack and Joey Bosa, along with the release of wideout Mike Williams. Franchise mainstay Keenan Allen was – to the surprise of many, including the six-time Pro Bowler himself – dealt to the Bears in another cost-shedding move.

Los Angeles acquired a fourth-round pick from Chicago after approaching Allen about a pay cut. The 31-year-old declined, citing the strength of his statline from 2023. After expressing confidence he would remain in place for at least the 2024 season, Allen doubled down on the fact he was not expecting to be dealt during his introductory press conference on Saturday.

[I] obviously wanted to finish my career [with the Chargers], but things happen and you’ve got to keep on going,” Allen said. When asked about being asked to take a pay cut, he added, “there really was no emotion, it was, I’m not doing it. I’m not doing it. Came off my best season, so it’s not happening” (h/t NFL.com).

Indeed, Allen’s 95.6 yards per game from the 2023 campaign represent the highest figure of his decorated career. He was limited to 13 contests, but still managed to set a new personal mark in receptions (108) and yards (1,243). While a cap hit of over $34MM would have been challenging to absorb had the Chargers elected to keep him, their decision to cut Williams and re-work the Mack and Bosa pacts would have made it doable. Now, the WR spot faces a number of questions entering 2024 for Los Angeles.

For the Bears, Allen’s arrival will give the team a high-profile tandem alongside vertical threat D.J. Moore. Chicago has also added running back D’Andre Swift as well as tight end Gerald Everett to a new-look skill position room. The new arrivals (along with OC Shane Waldron, hired as Luke Getsy‘s replacement) will be tasked with helping a rookie quarterback improve on the offense’s poor showing from 2023. Maintaining his strong play on third down in particular would go a long way to achieving that goal in Allen’s case.

One year remains on the Cal alum’s contract, so he will have plenty of motivation to thrive in the Windy City in his debut season with the Bears. After seeing his 11-year Chargers tenure come to an end, it will be interesting to see how long he winds up playing in Chicago.

Texans, Jets Considered Keenan Allen Trades

March 16th, 2024 at 11:11am CST by Ben Levine

Before Keenan Allen landed with the Bears, the veteran wideout attracted interest from a couple of other suitors. During his press conference today in Chicago, Allen said the Texans and Jets were the only other teams to express interest in a trade (via Adam Jahns of The Athletic).

According to Aaron Wilson of KPRC2 in Houston, the Texans finished second in the sweepstakes. The team offered the Chargers a 2025 third-round pick in exchange for Allen and a later pick. Instead, the Chargers opted for Chicago’s deal, accepting a fourth-round pick for the receiver.

As the Texans look to surround C.J. Stroud with as many weapons as possible, the organization has been mentioned a suitor for many wide receivers. Wilson writes that the rumors connecting the organization to some of the biggest names on the WR market are “inaccurate,” with the reporter pointing specifically to Deebo Samuel.

At the moment, Houston is set to return their same WR depth chart as 2023, with Nico Collins, Tank Dell, Robert Woods, and recent re-signee Noah Brown leading the way. Considering the youth on offense, it isn’t a surprise the Texans would be eyeing a reliable veteran like Allen. On the flip side, considering the team’s depth, the front office doesn’t have to act with any urgency.

Meanwhile, the Jets’ interest in Allen was mostly exploratory. As Dianna Russini of The Athletic passes along, the Jets did not make an offer for the former Chargers wide receiver.

The Jets have Garrett Wilson firmly atop the depth chart, but the team would be a natural fit for another talented pass-catcher. The team got disappointing results from ex-Packers Allen Lazard and Randall Cobb in 2023, but the duo’s struggles could be partly attributed to poor QB play. UDFAs Xavier Gipson and Jason Brownlee took on expanded roles as the 2023 campaign went along, but with Aaron Rodgers back in 2024, the team may not want to be as reliant on the young wideouts.

Chargers Trade Keenan Allen To Bears

March 14th, 2024 at 10:46pm CST by Ben Levine

The Chargers’ cap crunch has forced the team to move on from their longest-tenured player. According to ESPN’s Adam Schefter, the Chargers are dealing wide receiver Keenan Allen to the Bears. FOX Sports’ Jay Glazer was first with the news.

Los Angeles will receive a fourth-round pick in return. Per Albert Breer of TheMMQB, the Chargers are receiving the earliest of the Bears’ two fourth-round picks (No. 110).

With the Chargers needing to clear $27MM to reach cap compliance, eyes immediately focused on their four massive cap hits: Allen, Mike Williams, Khalil Mack, and Joey Bosa. The front office put in extra work yesterday before the mandatory cap deadline, releasing Williams and reworking the contracts of both Mack and Bosa. Those three transactions didn’t mark the end of their efforts, however.

According to NFL Network’s Ian Rapoport, the Chargers approached Allen about taking a pay cut today. The receiver refused, and the organization promptly dealt the player to Chicago. The wideout is attached to a $34MM-plus cap hit in 2024, and on top of his $18MM-plus base salary, he’s due more than $5MM via a roster bonus this month. Allen is still attached to a four-year, $80.1MM extension he signed with the Chargers back in 2020.

Even while the Chargers’ cap sheet continued to be untenable following yesterday’s machinations, an Allen trade is still a shocking development. When asked last month about his future in Los Angeles, the receiver definitively stated he’d be back with the team in 2024. And as the organization navigated their impending cap crunch, reports indicated that the veteran wideout was the safest among the team’s four highest-paid players.

Instead, Allen’s tenure with the organization will end after 11 seasons. The receiver wasn’t able to catch former tight end Antonio Gates‘ many receiving records, but Allen will still leave the organization ranked second in receptions (904) and receiving yards (10,530) and third in touchdown receptions (59). The former third-round pick earned six Pro Bowl nods throughout his career with the Chargers, and he’s topped 1,000 receiving yards in five of his last seven seasons. This includes a 2023 campaign where the 31-year-old hauled in a career-high 108 catches for 1,243 receiving yards and seven touchdowns.

After acquiring D.J. Moore last offseason, the Bears are making another splashy move at the position. The expectation is that the Bears will trade Justin Fields and select USC’s Caleb Williams with the first-overall pick, and they’re certainly preparing the incoming rookie for success. The Bears have also added running back D’Andre Swift and tight end Gerald Everett to the offense, providing their 2024 quarterback with plenty of worthy targets.

Regardless of who is under center next season, it shouldn’t take long for Allen to get acclimated. New Bears receivers coach Chris Beatty spent the previous three seasons with the Chargers, so the coaching staff surely knows what they have in the veteran acquisition.

Things aren’t nearly as rosy in Los Angeles. Justin Herbert has watched as his top two receivers (Allen, Williams), his top tight end (Everett), and his top running back (Austin Ekeler) have all left the organization this past week. The Chargers did use a first-round pick on Quentin Johnston last year, and the organization will surely be banking on a big season from the second-year pro. The Chargers are also armed with the fifth-overall pick in the draft. That might not be enough to draft someone like Marvin Harrison Jr., but the organization should still be able to snag one of the draft’s other elite WR prospects.

Patriots Inquire About Chargers’ Trade Candidates; Latest On Bolts’ Plans

March 13th, 2024 at 10:45am CST by Sam Robinson

The Chargers sit in their own space regarding cap room. As of Wednesday morning, only three teams are over the cap. But only the Bolts are more than $2MM over. Jim Harbaugh‘s team remains $25.2MM over the cap, and the deadline for cap compliance looms in less then five hours.

The team has not made a move involving the contracts of Joey Bosa, Keenan Allen, Mike Williams or Khalil Mack. These four pillars double as the Chargers’ top cap hits, with 2023 restructures creating big 2024 numbers. All four check in beyond the $32MM place, putting the Chargers in crunch time as they begin the Harbaugh era.

The team has until 3pm CT to move under the $255.4MM cap, creating one of the more interesting salary situations in years. As OverTheCap’s Jason Fitzgerald points out, the Bolts have four of the top 12 cap hits in the NFL.

Conversations about trades have taken place, and the Boston Herald’s Doug Kyed notes the Patriots have discussed at least some of these trade candidates with the Bolts. New England features needs at both receiver and edge defender, though the team has done some work on those fronts in free agency. Kendrick Bourne and Josh Uche are returning for the Pats, but neither player’s resume comes particularly close to any of the Bolts’ trade chips.

This Pats news comes as they are pursuing Calvin Ridley. The team has made an offer to the recent Jaguars 1,000-yard receiver. A Ridley pickup would seemingly move an Allen or Williams acquisition off the table. The Pats still have Matt Judon under contract, with Uche back as a sidekick — albeit one on the inconsistent side — for at least the 2024 season. If the Patriots were to acquire Bosa or Mack, the team would certainly not run out a Judon-Uche starting duo.

New England still holds more than $59MM in cap space, leaving the team capable of absorbing one of the Los Angeles contracts. The Bolts are widely expected to trade at least one of these contracts (possibly more) today, the Washington Post’s Mark Maske tweets. A trade or release transaction involving one of this foursome should be expected, ESPN’s Adam Schefter notes.

The Chargers’ cap situation will make teams less inclined to fork over major assets here, as the league knows the Bolts will have to cut a player or two if no trade can come to pass. That said, a team that does not like its chances of landing one of these players on the open market could be well served to make a trade, and the Bolts have been open to that for a bit now.

All four players are tied to deals at or north of $20MM per year. Allen, 31, has been with the Chargers since 2013. Bosa, 28, has spent eight seasons with the team. Both are among the top players at their respective positions. Mack, 33, qualifies for such a classification as well; he bounced back in a big way last season, totaling a career-high 17 sacks. Williams, 29, missed most of last season with an ACL tear. The former top-10 pick’s injury history will certainly limit his trade appeal. One season remains on Mack, Williams and Allen’s contracts; Bosa is signed through 2025.

Chargers Open To Trading OLBs Joey Bosa, Khalil Mack

March 10th, 2024 at 5:45pm CST by Ely Allen

MARCH 10: Albert Breer of Sports Illustrated confirms the Chargers have had “exploratory trade talks” concerning not only Bosa and Mack, but also both members of the Allen-Williams receiver tandem. Of those, Breer unsurprisingly notes Allen is the likeliest to stay, something which matches the veteran’s comments on his future. Still, a cost-shedding move of some kind could be coming soon on Los Angeles’ part.

MARCH 9: According to OverTheCap.com, the Chargers have the second-least amount of cap space in the NFL with only the Dolphins exceeding the salary cap by more than Los Angeles. They’re currently $21.14MM over the salary cap and are set to eat $27.31MM of dead money in 2024, also second-most in the NFL.

As a result, it appears the Chargers are exploring options to clear some cap space while potentially bringing in a bit of draft capital, as well. Dianna Russini of The Athletic reports that the team is currently “open to trade offers for many veteran players including Joey Bosa and Khalil Mack.”

Mack and Bosa currently make up the team’s largest two cap hits at $38.52MM and $36.61MM, respectively. Trading those two players alone, the team would be able to clear out $23.25MM (Mack) and $14.39MM (Bosa) of cap savings, though the team would be eating $15.27MM (Mack) and $22.22MM (Bosa) of dead money in the deals. The report from Russini also says “many veteran players,” though, and the next three biggest cap hits on the roster are veteran receivers Keenan Allen ($34.72MM) and Mike Williams ($32.46MM) and safety Derwin James ($19.86MM).

Would the Chargers really get rid of quarterback Justin Herbert‘s top two targets? Allen has been one of the league’s more consistent producers since 2017, as long as he stays on the field. Over that time, Allen has averaged around 75 yards per game and can usually deliver six to eight touchdowns. He’s missed 40 of a possible 179 career games, including 11 in the past two seasons, but despite four missed games in 2023, Allen averaged a career-high 95.6 yards per game and scored seven touchdowns at 31 years old.

Williams has also missed his fair share of games (27 of a possible 115), including 14 games missed with a torn ACL in 2023. When healthy, Williams has established himself as a strong WR2, twice surpassing 1,000 receiving yards and twice surpassing nine receiving touchdowns. Williams struggles to provide the same consistency as Allen but is still a strong contributor. If traded, Allen would provide $23.1MM of cap savings and result in $11.62MM of dead money, while a trade of Williams could provide $20MM of cap savings and result in $12.46MM of dead money.

James is yet another high-cost player who has struggled to stay on the field in his career. After appearing in every game as a rookie, James has missed 33 of a possible 83 games since. Despite leading the team in tackles this year, James had the worst NFL season of his career, according to Pro Football Focus (subscription required), grading out as the 71st best safety out of 95 graded players. Before this season, James hadn’t graded out worse than 12th. He showed decent pass rush and run defense in 2023, but graded out poorly in coverage. A James-trade would need to be a post-June 1 transaction. If traded pre-June 1, James would still cost the Chargers $1.46MM of cap space, while a post-June 1 designation would save the team $12.75MM of cap space.

Those players are all question marks, but Mack and Bosa have been blatantly named. Bosa started his career as one of the league’s most electric pass rushers with 23.0 sacks in his first two years, despite missing four games his rookie year. While he still threatens to put up double-digit sacks each year, he has to stay on the field in order to do so, and he has missed half the season three times in his career, including the most recent two seasons. If his physical shows the potential for a full return to form, he could fetch a high price in trade talks.

Los Angeles will try to sell high on Mack, who had a career year at 32 years old. Mack was a world-beater early in his career, racking up 40.5 sacks and a Defensive Player of the Year award with the Raiders. Though his production dipped a bit after getting traded to Chicago, Mack still made three straight Pro Bowls and two All-Pro teams as a Bear. Mack was traded once again to the Chargers in 2022, and after a decent first season in LA, Mack delivered a career-high 17.0 sacks in 2023, his first time delivering double-digit sacks since his first year in Chicago in 2018.

It’s unclear just how much Los Angeles is willing to part with this spring. Clearly, “many veteran players” have been advertised as available, including Mack and Bosa, but it’s hard to say just how many of those high-cap players will be shipped out. There are other ways to try and lower the players’ cap impacts, like restructures to current deals, but the easiest way may be to clear them off your books (for the most part) and get something in return. It will be interesting to see how much the Chargers are willing to give up in order to rebuild around Herbert.

WR Keenan Allen Expects To Be Back With Chargers

February 10th, 2024 at 12:39pm CST by Ben Levine

Keenan Allen expects to be back in Los Angeles next season. Despite being attached to an untenable $34.71MM cap hit next year, the veteran wide receiver doesn’t believe he’ll be traded or cut.

“Yea, absolutely,” Allen responded when asked if he’ll be back in Los Angeles next season (via NFL Network’s Cameron Wolfe). “I don’t see myself going anywhere.”

Allen is still playing on a four-year, $80.1MM extension he signed with the Chargers back in 2020. The Chargers do have the ability to get out of Allen’s $34MM-plus cap hit in 2024; the team would face just $11.6MM in dead cap by releasing the receiver. Allen is also due a $5MM roster bonus in the middle of March, so the Chargers will surely make a decision sooner than later.

The organization is facing a cap crunch heading into the offseason, with Spotrac.com currently projecting them to be $44MM in the red. Even if Allen does want to stick with the organization, the front office may ultimately decide to value the cap savings. Khalil Mack, Joey Bosa, and Mike Williams also have cap hits that exceed $30MM, so tough decisions are certainly coming in Los Angeles.

Allen rebounded from an underwhelming 2022 campaign to have one of the best seasons of his career in 2023. He finished this past year with 108 receptions for 1,243 yards and seven touchdowns in only 13 games.

The wide receiver was also asked about the team’s decision to hire Jim Harbaugh. Allen said his new head coach has encouraged him to “continue to be a leader, continue to be who I am.” The wideout also expects to return to the playoffs for just the second time in six years.

“We’re going to continue to compete,” Allen said. “Do what we do. And we’ll put some better results out there.”

Restructure Details: Armstead, Dolphins, Hill, Chubb, Chargers, WRs, Ravens, Pierce, Panthers, Moton, Jets, Cardinals, Eagles, Vikings

March 10th, 2023 at 9:08am CST by Sam Robinson

Teams have until 3pm CT Wednesday — the start of the 2023 league year — to move under the $224.8MM salary cap. With the legal tampering period beginning at 3pm Monday, teams are working to create cap space for free agency pursuits. Here are the latest maneuvers teams have made on that front:

The Dolphins have created more than $43MM in cap space over the past two days, being the runaway leaders on this front this week. They agreed to restructures with Bradley Chubb and Terron Armstead to free up $25MM-plus, per ESPN.com’s Field Yates (Twitter links), but they are also using Tyreek Hill‘s receiver-record contract to create room. Miami created $18MM in space by restructuring Hill’s $30MM-AAV deal, Adam Schefter of ESPN.com tweets. Hill was due a $16MM roster bonus; that and most of his 2023 base salary have been shifted into a signing bonus. Chubb’s base salary is now down to $1.1MM in 2023.
Rather than trade Keenan Allen to carve out cap space, Chargers GM Tom Telesco firmly opted against that strategy. The Bolts are keeping Allen, and both he and Mike Williams‘ 2024 cap numbers will balloon. The team freed up $14MM-plus in 2023 cap space by restructuring both their $20MM-per-year wide receiver deals, per Yates. While new funds are available for 2023, Williams and Allen are now tied to $32.5MM and $34.7MM cap numbers in 2024 (Twitter links). Neither should be expected to play on those numbers, which will undoubtedly lead to more maneuvers down the road.
The Panthers freed up more than $11MM in cap room by restructuring Taylor Moton‘s deal, Joe Person of The Athletic tweets. This marks the second straight year Carolina has adjusted Moton’s contract. A Xavier Woods tweak also added $1.5MM to Carolina’s cap space, Tom Pelissero of NFL.com tweets.
Michael Pierce accepted a $2MM pay cut to remain with the Ravens, Pelissero tweets. The move added $2.7MM in funds, Yates tweets. Pierce, who returned to the Ravens in 2022, can earn the money back via incentives. Pierce missed most of last season due to a biceps tear.
Pierce’s former team, the Vikings, took the same path with Ross Blacklock. The 2022 trade acquisition accepted a near-$700K slash which he can earn back via incentives, Pelissero adds (on Twitter).
D.J. Humphries missed much of the 2022 season, and while the Cardinals have a new regime in place, they are not moving their veteran left tackle. They will use Humphries’ 2022 extension to free up funds, with Pelissero noting (via Twitter) the Cards created $5.3MM in cap space with this restructure. Arizona has moved past $32MM in cap space. More could be coming via a DeAndre Hopkins trade as well.
C.J. Uzomah‘s three-year Jets deal became a vehicle for the team to carve out some room. The team freed up $3.6MM in cap space with a recent restructure for the veteran tight end, Pelissero tweets.
The Eagles also went to the restructure well Friday, with Yates noting (via Twitter) they are creating $2.5MM in space by adjusting Jake Elliott‘s deal.

Bolts GM: Team Not Trading Keenan Allen

March 1st, 2023 at 10:10pm CST by Sam Robinson

Not long after the Bengals shot down the notion Tee Higgins is available via trade, the Chargers are effectively taking another big name off the wide receiver market. Tom Telesco put a stop to Keenan Allen trade rumors.

During an appearance on the NFL Network’s Good Morning Football, the longtime Chargers GM said there has “never been any thought” of moving Allen. Two years remain on the 11th-year veteran’s four-year, $80.1MM extension.

“Keenan Allen, to me, he’s our Andre Reed. He’s our Charlie Joiner,” Telesco said (Twitter link). “He’s an incredible football player. We have a great quarterback and we need weapons around him. There’s never been any thought of [a trade].”

Allen may not be on track to join those pass catchers in Canton, but he has been one of the most important Chargers players during this era. The Chargers gave Mike Williams a three-year, $60MM contract last March and have a Justin Herbert megadeal to negotiate. These big-picture components, Allen’s age (31 in April) and the Bolts’ cap situation have pointed to a potential separation. But a Herbert extension could pair with Allen’s money ($20MM AAV) for at least another season.

As the Deshaun Watson, Russell Wilson and Kyler Murray extensions most recently showed, big-ticket QB contracts often carry low cap numbers in Year 1. Watson, Murray and Wilson all checked in below $18MM for first-year cap hits on their respective accords. Herbert’s deal following suit would complement Allen’s $21.7MM cap hit. The Chargers could look to reduce that via other methods as well.

Allen’s trade value took a hit last season as well. He missed seven games because of a recurring hamstring injury, limiting the top-shelf route-runner to 752 receiving yards. In terms of per-game impact, however, Allen’s 75.2 average was his best since 2017. The former third-round pick should have a bit more left in the tank to help the Bolts, who have relied on him for 10 seasons as a starter. With Higgins and Allen trades being squashed, that would only make the likes of DeAndre Hopkins and Brandin Cooks more valuable as part of a receiver landscape that does not feature a high-end free agency class or the kind of draft crop teams have grown accustomed to in recent years.

The Chargers are still $20MM over the cap. Allen staying on the payroll will force the team to make other adjustments. The Bolts want to keep right tackle Trey Pipkins, and The Athletic’s Daniel Popper notes linebacker and fellow UFA-to-be Drue Tranquill is likely in the team’s plans as well. Pipkins joins an intriguing right tackle market, which houses Mike McGlinchey, Jawaan Taylor and Kaleb McGary. Tranquill’s position group is one of the deepest, which should make the versatile ‘backer affordable for the Bolts. But the AFC West team still has work to do before it can make any re-signings happen.

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