Ravens, Cowboys Eyeing Derrick Henry?

Derrick Henry has emerged as, at least, a fringe candidate to be traded before Tuesday’s deadline. The greatest running back of the Oilers-Titans franchise’s Tennessee years is in the final year of his contract, and with the Titans dealing away Kevin Byard, rumors have emerged about other marquee players exiting.

The latest round of Henry buzz connects the Ravens and Cowboys to the two-time rushing champion. Baltimore is viewed around the league as an interested party, per Sportskeeda’s Tony Pauline, who adds the Ravens are on track to explore trades for running backs.

Jerry Jones has made some interesting proclamations at his recent availability sessions, indicating the Cowboys are not planning to reach out to teams about trades. Thursday, the Dallas owner doubled down on this stance. The Cowboys are 4-2 and rank in the top five on offense and defense, though given the firepower at the top of the NFC, the team would obviously be taking a risk by standing pat.

I don’t see anything heated up to a level that would cause something to happen,” Jones said, via the Dallas Morning News’ Michael Gehlken. “… If we don’t do anything at this trade deadline, we’ve got a team, in my mind, that can get us where we want to go.”

The Cowboys cut Ezekiel Elliott and have bumped Tony Pollard into a full-time role, but Pauline adds the Cowboys are expected to look into Henry. A caveat here: the NFC East team would want the Titans to eat some of Henry’s salary. This component came up Wednesday regarding Henry, whose walk-year salary is $10.5MM. An acquiring team would only be on the hook for barely $5.5MM if it landed Henry after Week 8, which would be the expectation if the eighth-year standout is traded. Considering how the RB trade market unfolded this offseason, that $5.5MM number is seen as too rich for a team to take on. The Ravens would likely require this as well, holding just more than $6MM in cap space. The Cowboys are at $7.7MM.

It is interesting to see Henry pop up as a trade option, seeing as Austin Ekeler was not believed to have generated much of a market after requesting a trade this offseason. The Colts also did not see their Jonathan Taylor asking price met, though Indianapolis also did not appear motivated to seek out a trade partner. The dual-threat Charger led the NFL in touchdowns in 2021 and ’22, while Henry’s throwback skillset does not include much of a passing-down role.

Henry, 29, is averaging 4.3 yards per carry (425 total), despite a shaky Titans offensive line — one Pro Football Focus ranks last presently — and Next Gen Stats’ rushing yards over expected metric measures the former Heisman winner’s total seventh. While Henry is likely near the end of his run as a full-time starter, he would be an interesting trade chip. The Ravens rank eighth in yards per carry; the Cowboys sit 21st.

The Ravens have been the NFL’s most run-oriented team during Lamar Jackson‘s career. Baltimore’s 230 rushing attempts trail only the Eagles (235) this season. The Ravens lost J.K. Dobbins to another season-ending injury and have been rolling with Gus Edwards and Justice Hill as their primary ball carriers. Speedy rookie Keaton Mitchell came off IR recently but has not factored into the Ravens’ run game much yet. Ravens officials have downplayed the team’s need for a starter-caliber back, The Athletic’s Jeff Zrebiec notes (subscription required), but Henry would not be Maryland-bound to become a backup.

It is not yet clear if the Titans are truly motivated to move Henry, nor is it locked in the team would recoup a needle-moving asset for a veteran with 1,848 career carries. A weekend report classified Henry interest as scarce. But Tennessee rosters intriguing rookie Tyjae Spears positioned as the former All-Pro’s successor. The third-round pick is averaging 5.5 yards per tote and has carved out a bigger role than any of Henry’s backups since the bulldozing starter began his back-to-back run of rushing titles.

Henry trade buzz circulated this offseason, however, and the Titans may be in transition soon. Contract-year QB Ryan Tannehill is not expected to play this week, which would lead to Will Levisfirst start. Will it double as Henry’s last game with the Titans?

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