Derrick Henry is one of many high-profile names which has been included in trade talk ahead of the upcoming deadline. For the time being, though, it appears likely the Titans’ All-Pro back will remain in place.
While the Titans are still open to the notion of moving the two-time rushing champion, they have informed Henry of their intention to retain him, reports ESPN’s Adam Schefter. Henry has been floated as a trade candidate given his status as a pending free agent and the Titans’ status as expected sellers in the coming days (as forecasted by the Kevin Byard trade).
Dianna Russini of The Athletic confirms (subscription required) that Tennessee – now led by general manager Ran Carthon – would only give serious consideration to a Henry trade in the event of an “exceptional offer” being made. Ian Rapoport and Tom Pelissero of NFL.com stop short of saying that it will take an “exceptional offer” to land Henry, though they do confirm that an interested team will need to pony up more than the mid-round pick it would normally cost to acquire a star player on an expiring, above-minimum contract at the deadline. While teams have called about the Titans’ trade chips (a group which includes, but is not limited to, the three-time Pro Bowler), both the ESPN and Athletic reports state the Cowboys have not made an offer for him.
Dallas – along with Baltimore – was named as an interested party for Henry earlier this week. The former Offensive Player of the Year would give both the Cowboys and Ravens a considerable boost in the ground game, but a deal involving either team (or, in all likelihood, any other one) would depend on the Titans’ willingness to eat some of Henry’s remaining salary. The final year of his pact carries a $10.5MM salary, but his new club would be responsible for roughly half that amount if a trade were to be worked out.
Today’s updates come after a report emerged at the beginning of the week stating the Titans were not willing to consider 2023 a write-off and actively look to move players like Henry and wideout DeAndre Hopkins (in part due to the lack of healthy market for either veteran). Indeed, Russini notes that both Henry and Hopkins are on track to remain in Nashville through the October 31 deadline.
The former has an underwhelming 4.3 yards per carry average in 2023, though the Titans’ O-line and the rest of its offense has underperformed to date. Nearing his 30th birthday, however, Henry is in serious danger of seeing his free agent value take a signficant step back given the nature of the RB market as a whole. A move to a contending team could boost his prospects in free agency, but it would come as a surprise at this point if one were to materialize.