We’ll keep track of the latest minor moves here:
Arizona Cardinals
Los Angeles Chargers
Pittsburgh Steelers
San Francisco 49ers
Tennessee Titans
Earlier this week, J.J. Watt joined up with the Cardinals on a two-year deal. Now, we have most of the major details, courtesy of NFL.com’s Ian Rapoport and Mike Garafolo (Twitter links). Here’s the breakdown of Watt’s shiny new contract: 
After the Texans granted Watt’s request to be released, the veteran said that he wanted to join a contender. In Watt’s estimation, young head coach Kliff Kingsbury and quarterback Kyler Murray are ready to win straight away. It also helps that the Cardinals appear to have submitted the highest offer for his services.
The Browns and Colts — who both made the playoffs in 2020 — didn’t match the Cardinals on compensation. The Titans, Packers, and Steelers were also connected to the three-time Defensive Player of the Year. Watt is now one of just nine players whose contract includes a no-trade clause.
Now, with Watt in the fold, the Cardinals may allow Haason Reddick to walk while putting their available dollars elsewhere.
The Cardinals came out of the J.J. Watt sweepstakes a surprise winner. It took a two-year, $31MM deal, with $23MM guaranteed, for Watt to head to the desert. This was not the only offer the former Texans great received.
A report indicated the three-time Defensive Player of the Year turned down more money from the Browns and Colts. However, that may not be the case. Both 2020 playoff teams did not top the Cardinals’ offer, according to cleveland.com’s Mary Kay Cabot and The Athletic’s Stephen Holder (on Twitter).
The Browns were viewed as an early Watt finalist, and while the team may well have been in it until the end, Cabot notes Cleveland’s offer did not reach the $15MM-AAV place. The Browns’ proposal likely landed in the $12MM-per-year range, per Cabot. Under Chris Ballard, the Colts are known for their patience with free agency and trades — as was the case with the team’s Matthew Stafford talks — and Holder wonders if the team was even a high bidder for Watt.
Watt targeted a team with a sound quarterback situation. The Cardinals have that box checked in Kyler Murray, with Watt indicating Tuesday that his belief in the young dual-threat star helped lead him to Arizona (Twitter links via ESPN.com’s Josh Weinfuss). Cardinals DC Vance Joseph, who was with the Texans during Watt’s early years in Houston, is believed to have led the Cards’ recruitment effort, Albert Breer of SI.com notes. Watt confirmed Joseph was a key factor in his decision to head west.
Cleveland still intends on adding a major piece to team with Myles Garrett, while Indianapolis currently resides in the top five in cap space. The Browns and Colts, respectively, have Olivier Vernon and Justin Houston on track for free agency. The Colts have not ruled out re-signing Houston — whom they gave a two-year, $24MM contract in 2019 — but he will turn 32 this year.
The Cardinals’ newly formed Chandler Jones–J.J. Watt pass-rushing duo doubles as one of the most accomplished in modern NFL history, though assembling this tandem may leave the team’s breakout pass rusher in search of a new home.
Haason Reddick was hopeful he could stay with the Cardinals, despite his rocky tenure prior that led to the team declining the linebacker’s fifth-year option. And the Cards, prior to their Watt signing, expressed interest in bringing Reddick back, according to ESPN.com’s Jeremy Fowler (on Twitter).
Pre-Watt, the Cardinals were carrying more than $11MM in cap space. While the team does have a rookie quarterback contract around which to build, it will certainly be a more difficult task to re-sign Reddick now. The Cards also expressed interest in keeping Patrick Peterson. A scenario in which Peterson and Reddick return now appears extremely unlikely. And cornerback will be a much greater Arizona need entering free agency.
Of course, Steve Keim‘s splashy Watt transaction points to the franchise’s interest in contending for a Super Bowl now. Reddick returning would certainly strengthen that prospect, after his 12.5-sack season, and Watt’s extensive experience as an interior pass rusher would seemingly leave a fit for the former first-round pick on the edge opposite Jones.
Markus Golden could serve as a cheaper option for the Cards to retain. He did not draw much interest after his 10-sack season with the 2019 Giants and expressed a desire to stay in Arizona this year. Golden did not record a sack in nine games back with the Cardinals last year but did post 14 QB hits — just two shy of Reddick’s total last season.
The J.J. Watt sweepstakes are over. The heavily decorated pass-rusher has chosen his next team, and that’ll be the Cardinals, Watt announced himself on Twitter.
This was no cheap signing for a veteran player chasing a ring, Watt got paid. He’s getting a two-year deal worth a whopping $31MM with $23MM of that guaranteed, a source told Ian Rapoport of NFL Network (Twitter link). Watt made it known from the outset that he only wanted to go to a place where he could win a Super Bowl, and clearly he’s excited about what Kliff Kingsbury and Kyler Murray have cooking.
We heard last week that Watt had received an offer in the $15-16MM range, and that turned out to be spot on. He was also connected to playoff teams like the Browns, Titans, Packers, Steelers, and a couple of others. Watt will now rejoin former Texans teammate Deandre Hopkins, who recruited him on social media, in the desert.
Hopkins won’t be the only familiar face for him, as Cardinals defensive coordinator Vance Joseph was on staff in Houston for Watt’s first three pro seasons. It’s a coup for Joseph, who will now have an intimidating pass-rushing duo with Watt lining up opposite fellow All-Pro Chandler Jones.
As Josh Weinfuss of ESPN tweeted, Jones is first in the NFL in sacks since 2012, and Watt is second. They’ll be a problem for any offensive line. The three-time NFL Defensive Player of the Year had struggled with injuries for a few seasons, but he played all 16 games in 2020.
He only registered five sacks but was a constant disruptor, and had 14 tackles for loss and seven passes defended. He still graded out very well in most pass-rush pressure metrics.
Watt is the first massive domino to fall with the start of free agency right around the corner. This signing could mean the Cards are planning to move on from impending free agent Haason Reddick, who just registered 12.5 sacks in a breakout 2020 campaign. Arizona will host Houston in 2021, so Watt will have a chance at revenge on his old team. The question now becomes whether he’ll be chasing Deshaun Watson or not when that game happens.
It’s fairly common for disgruntled NFL players to give their teams a short list of acceptable trade destinations. However, it’s still quite rare for players to hold contractual veto power over a trade. Currently, there are only nine NFL players with a no-trade clause in their deals, as ESPN.com’s Field Yates tweets: 
▪️ Drew Brees, QB (Saints)
▪️ Laurent Duvernay-Tardif, OL (Chiefs)
▪️ Jimmy Garoppolo, QB (49ers)
▪️ Jimmy Graham, TE (Bears)
▪️ DeAndre Hopkins, WR (Cardinals)
▪️ Patrick Mahomes, QB (Chiefs)
▪️ Deshaun Watson, QB (Texans)
▪️ J.J. Watt, DL (Cardinals)
▪️ Russell Wilson, QB (Seahawks)
The Chiefs, who represent 25% of the list, furnished LDT with a NTC as a part of his contract restructure. Historically, there haven’t been many offensive lineman to secure the clause. However, Duvernay-Tardif had a bit of leverage in 2020 when the Chiefs needed extra cap room. He was scheduled to count for nearly $9MM, $6.45MM of which was comprised of base salary. Instead, he converted some of that money into a signing bonus over the remaining three years and came away with a perk typically reserved for quarterbacks.
Watson and Wilson are among the QBs who can block trades. They’re both putting it to use, albeit in different ways. Watson wants out — even after finally meeting with new head coach David Culley – and he’s steering himself towards a small group of teams, including the Dolphins and Panthers. Wilson, meanwhile, says that he doesn’t want to get traded and doesn’t expect to get traded. But, if the Seahawks do shop him, he wouldn’t mind joining up with the Bears, Cowboys, Saints or Raiders. In beating out several other teams for Watt, the Cardinals included the clause in the star defender’s contract.
Two Cardinals all-time greats — Larry Fitzgerald and Patrick Peterson — are unsigned for 2021. Arizona’s breakout pass rusher, Haason Reddick, is weeks from free agency as well.
The player that received Arizona’s tag last year, Kenyan Drake, joins them in being without a 2021 contract. He would be interested in staying in Arizona but sounds eager to see what his options are. The Cardinals have until March 15, when the legal tampering period opens, to negotiate exclusively with Drake.
“I would love the opportunity to come back to Arizona but also do want to get the most of what I feel I deserve, so we’ll see,” Drake said during an appearance on The Jim Rome Show (via the Arizona Republic).
However, Drake said during an interview on the NFL Network’s Good Morning Football there has not been much dialogue between he and the team. After trading for Drake at the 2019 deadline, the Cardinals transition-tagged him last year. Drake, 27, has never been a free agent.
“It hasn’t really been too much dialogue right now. I know the league and the teams are trying to figure out the cap room,” Drake said during the NFL Network appearance. “So like I said, once we cross that bridge, we’ll get there.
“… There are gonna be several different circumstances that I guess I’ll come together with my team to kind of deliberate with exactly who we feel will be the best fit. But right now, I feel like anything is up in the air. I would just appreciate a team coming in and allowing me to continue playing my game, help the team win games, be a versatile playmaker out the backfield.”
Drake totaled 955 rushing yards (4.0 per tote) and 10 touchdowns last season. The Cardinals have Chase Edmonds under contract for 2021, though he is going into a contract year. Edmonds averaged 4.6 yards per carry and operated as Arizona’s primary receiving back. Drake amassed just 137 receiving yards in his first full Cardinals slate.
As of now, the 2016 Dolphins third-round pick stands to join 2017 draftees Aaron Jones, Chris Carson, James Conner and Marlon Mack as first-time free agent backs. Leonard Fournette may also hit the market, and 2018 UDFA Phillip Lindsay is set for restricted free agency. Jones profiles as the top target, but the Packers could keep him off the market via the franchise tag — which is expected to be cheaper than it was last year. Drake made $8.5MM on the transition tag.
Two of the best players in Cardinals history are set for free agency in March. While the Cardinals do not have to worry about Larry Fitzgerald defecting to another team, with the future Hall of Famer indicating he would only play for the Cards, Patrick Peterson could leave after 10 seasons in Arizona.
After Michael Bidwill indicated the Cardinals would like to bring back Peterson, GM Steve Keim confirmed he has spoken with the eight-time Pro Bowler this offseason, according to the Arizona Republic’s Bob McManamon.
Keim stopped short of saying he would like to extend Peterson before he hits the market, citing the salary cap uncertainty as a key reason he did not have a clear idea of the All-Decade defender’s place with the 2021 Cardinals.
Peterson’s play over the past two years has not measured up to his Pro Bowl-level work, and he will turn 31 this year. The Cardinals, however, also have Dre Kirkpatrick set for free agency and have seen Robert Alford miss two full seasons since he signed with Arizona in 2019. The team has a considerable need at cornerback.
The Cardinals are respecting Fitzgerald’s timeline. Keim has not spoken to Fitz this offseason, per McManamon. Like he has for the past few seasons, Fitzgerald is taking time to determine whether he wants to return. The 37-year-old wideout has indicated only a championship will matter for him going forward.
Fitz saw his production tumble in 2020. Although the 17-year veteran missed three games, his 31.5 yards per game represented a career-low figure — by a wide margin. After making $11MM last year, Fitz would almost certainly need to agree to a lower-cost deal if he were to return for an 18th season. Arizona has DeAndre Hopkins signed long-term, but Christian Kirk is going into a contract year after an inconsistent three-season run.
Earlier today, the NFL Players Association announced (via Twitter) the salary cap carryover amounts for all 32 NFL teams for the 2021 season. Effectively, teams are able to rollover their unused cap from the previous season. So, when the 2021 salary cap numbers become official, they can be added to each team’s carryover amount to determine that individual club’s official cap for 2021.
This follows news from earlier today that the NFL has raised its salary cap floor to $180MM for 2021. This total could clue us in to the salary cap maximum, which could end up landing north of $190MM. The salary cap was $198.2MM for the 2020 campaign.
As the NFLPA detailed, the league will rollover $315.1MM from the 2020 season, an average of $9.8MM per team. The Browns lead the league with a whopping $30.4MM, and they’re the only team in the top-five to make the playoffs. The NFC East ($68.8MM) and AFC East ($65.3MM) are the two divisions will the largest carryover amounts.
The full list is below: