6:25pm: Floyd agreed to join the Bills on a deal that pays $7MM in base value, Rapoport tweets. Incentives can take the contract to $9MM. While this is well off Floyd’s previous NFL contract — a four-year, $64MM pact the Rams shed in March — the former first-round pick still did reasonably well after spending nearly three months in free agency. Floyd received other offers, per Rapoport, who adds he turned down a more lucrative one to land with a contender in Buffalo.
8:58am: The next domino has fallen with respect to veteran edge rusher landing new contracts deep into free agency. Leonard Floyd has agreed to a one-year-deal with the Bills, per NFL Network’s Ian Rapoport (Twitter link).
The move will give Buffalo another experienced presence on the edge, and Floyd will be reunited with Von Miller after the pair spent time together with the Rams during their Super Bowl run. The latter is aiming to return to the lineup for Week 1 after his ACL tear, but Floyd will provide insurance for the team if that does not take place. When the Bills’ edge group is at full strength, it will have an intriguing mix of experience and upside.
Floyd enjoyed a successful run in Los Angeles after a generally underwhelming start to his career in Chicago. The 30-year-old posted 10.5, then 9.5 and 9.0 sacks in his three years with the Rams, and was a crucial part of their defense during his time there. No other edge rusher recorded more than one sack for the team in 2022, though they still committed to parting ways with the veteran this offseason.
After failing to find a trade partner willing to take on the remainder of the contract Floyd signed in 2021, the Rams released him. That fell in line with their moves at other spots on the roster, as they look to reset financially and move past what was a highly disappointing 2022 campaign. It left Floyd on the open market amongst many other accomplished pass rushers, though, and the position’s market has remained cool through June.
Floyd has landed in a new home where there could be signficant competition for playing time, especially once Miller is healthy. The Bills have 2021 first-round pick Gregory Rousseau, along with former second-rounders A.J. Epenesa and Carlos Basham Jr. in the fold; they also re-signed veteran Shaq Lawson this offseason. Floyd logged a snap share of at least 80% in all three of his Rams seasons, so he is capable of handling a heavy workload if need be.
Given the team’s depth, however, the former first-rounder is likely in line for a smaller role in Buffalo, a team which ranked mid-pack with 40 sacks last season. A strong campaign from Floyd would help boost his free agent stock ahead of next offseason, while also providing a boost up front to a team which is once again eyeing a deep postseason run.