Transactions News & Rumors

Texans, Sheldon Rankins Agree To Deal

Sheldon Rankins is set to return to Houston. The veteran defensive tackle has a deal in place with the Texans, Dianna Russini of The Athletic reports.

This will be a one-year agreement worth up to $7MM, per Russini. Rankins spent the 2023 season in Houston, and a reunion with DeMeco Ryans and Co. is now in order. The 30-year-old was among the Bengals’ recent roster cuts, leaving him free to sign prior to the official start of the new league year.

Rankins served as a full-time starter in Houston, registering six sacks (the second-highest total of his career). The Texans attempted to re-sign him, but the former first-rounder opted to take a two-year Bengals pact instead. Rankins was limited to just seven games during his one-and-done Cincinnati campaign, leading to his release and what will check in as a less lucrative Texans pact than the one which was offered last spring.

It was recently reported Houston was interested in a Rankins reunion, so it comes as little surprise one has been worked out in short order. He will represent a familiar first-team option along the defensive line, a unit which could see notable turnover depending on how free agency shakes out. The Louisville product managing to duplicate his previous Texans success as a pass-rusher in 2025 would be welcomed, but serving as at least a rotational contributor along the interior will be expected.

The Texans entered Monday near the bottom of the league in available funds with roughly $4.3MM in cap space. This Rankins deal will eat into that figure to an extent, and Houston will need to continue looking for modest additions as free agency unfolds.

Browns Extend DE Myles Garrett

Despite seemingly being at an impasse, the Browns and defensive star Myles Garrett have reportedly found their way back together. After trade demands rang loud not long ago, ESPN’s Adam Schefter was the first to report that Garrett will now remain in Cleveland on an extension that will pay him $40MM per year with $123.5MM in guaranteed money. The four-year extension will keep the 29-year-old in Cleveland through the 2030 season and makes Garret the highest-paid non-quarterback in NFL history.

Per Ian Rapoport of NFL Network, the six years left on the contract have a total value of $204.8MM, including $100MM paid out in the first three years, $88.8MM fully guaranteed, and $122.8MM in total guarantees.

The biggest addition to the contract drawing attention from the league media: a no-trade clause. Garrett had two years remaining on his previous deal, but a lack of guaranteed money in those years was a major sticking point for the former Defensive Player of the Year.

A little over a month ago, Garrett sent NFL rumors flying in every direction by requesting a trade. Just over a week ago, Garrett seemingly closed the door on a return to Cleveland, with reports coming out that he was “not open” to an extension with the Browns. Even two days ago, we got reports that team owner Jimmy Haslam declined to even meet with Garrett. Per Dianna Russini of The Athletic, Garrett had made it clear that it wasn’t about the money, that he was adamant about leaving Cleveland because of a lack of belief in the Browns’ direction. Clearly, offering Garrett $40MM per year was the correct direction.

ESPN’s John Keim adds that, when Garrett first made his trade demands, the rest of the league felt it was just about working leverage for the extension. Cleveland never seemed to have any desire to trade their star defensive end. Regardless, the offers came flying in from around the league, with many first-round picks being made available to the Browns. The Browns brass was reportedly “confident all along,” per Mike Jones of The Athletic, that they would work out an extension rather than trade Garrett. They were right.

Garrett’s big payday comes only three days after the Raiders made defensive end Maxx Crosby the highest-paid non-quarterback in the NFL with an average annual value of $35.5MM. Garrett’s mark blows that out of the water, but even that might not last long. Elite pass rusher paydays continue to be on the way with the likes of Trey Hendrickson, T.J. Watt, and Aidan Hutchinson all in or approaching a period in which extensions will be considered.

Specifically on the hotseat are the Cowboys and Bengals, both of whom have made recent claims that they are prepared to make a star player the highest-paid non-quarterback in the NFL. Cincinnati would be doing so for wide receiver Ja’Marr Chase at a position which set a high, new bar when Justin Jefferson set the mark with $35MM per year last year.

Dallas has now backed themselves into a corner for the third time in a row on paying a big player. Last year, Jerry Jones and the Cowboys waited too long to extend both quarterback Dak Prescott and wide receiver CeeDee Lamb. By the time they finally worked out terms, several other players at those positions had continually pushed up the market price, forcing Dallas to settle for even more in their deals with Prescott and Lamb. Similarly, the team’s insistence on waiting until the last second to extend a star player has seen the price they would need to pay to hold on to Micah Parsons rise significantly.

As for Garrett, the price is well-deserved. With four first-team All-Pro selections, two second-team All-Pro selections, and six Pro Bowl selections, Garrett is widely recognized as a top pass rusher in the game. In the last four seasons, he’s finished as the top pass rusher, per Pro Football Focus (subscription required), three times, finishing second this year. He has the most sacks in the league over the last three years (44.0) and the second-most in the league since he was drafted in 2017 (102.5) behind only Watt (108.0). His 102.5 sacks are also a franchise high for the Browns.

Garrett will continue to be an anchor on the Browns defense. Rumors that he wanted to join a contender will fall by the wayside for now as he returns to a defense that finished 28th in points allowed and 13th in sacks. The offense may be headed in another direction, though, as the team seems ready to move on from their last huge contract, given to quarterback Deshaun Watson, perhaps in pursuit of a rookie option. Regardless, Garrett will continue to do his job and dominate.

Rams Sign WR Davante Adams

11:40pm: Adams’ deal contains an $8MM 2025 base salary and a $16MM number in 2026, per ESPN.com’s Sarah Barshop, who adds a more notable number due in March 2026. Adams will be due a $6MM roster bonus on Day 3 of the 2026 league year. While Adams’ 2025 base salary is guaranteed, the Rams would appear to have something of an out in 2026.

Though, Barshop adds Adams landed a $12MM signing bonus. Half of that would account for dead money if the Rams cut him in 2026. This still looks like a wait-and-see situation, as SI.com’s Albert Breer adds only the $20MM from the signing bonus and 2025 base is guaranteed.

5:55pm: Davante Adams‘ West Coast aspirations are coming true. The Rams are bringing in the All-Pro wide receiver, NFL.com’s Ian Rapoport reports. The team has announced the signing.

The Rams are giving the decorated receiver a two-year, $46MM deal, Rapoport adds. He will see $26MM guaranteed. This is quite the haul for a player who will be 33 by year’s end. But Adams was by far the most productive receiver who changed teams last season, outshining Amari Cooper, DeAndre Hopkins and Mike Williams. Adams posted 854 yards in 11 Jets games and has secured another big payday.

Officially releasing Adams last week, the Jets made the three-time All-Pro a street free agent. That allowed him to speak with teams before the legal tampering period, which starts Monday. The Rams, who have not yet separated from Cooper Kupp, are spending big bucks to help Matthew Stafford after his recent recommitment to the team.

Linked to a West Coast landing spot weeks ago, the Fresno State alum sought at least $20MM per year and indeed was looking to return to his home state, Rapoport adds. Adams will now pair with Puka Nacua, coming in as a hired gun as the Rams — after losses in the wild-card and divisional rounds over the past two years — attempt to book a third Super Bowl berth in the Sean McVay era.

McVay told Kupp early this offseason the Rams were moving on, and Sunday night’s news cements it. Three years after giving Kupp a three-year, $80MM extension following his triple-crown season, the Rams are adding a bigger name. Adams is a year older than Kupp, but he has been much healthier than the 2021 All-Pro. The former Packers, Raiders and Jets star has missed only four games over the past four seasons. One of those (in 2021) came due to rest, and the three others were during a period in which Adams wanted to leave Las Vegas. Although Aaron Rodgers will not be coming with him, Adams will link up with one of the NFL’s most reliable offenses and attempt to make a difference.

Adams will go from leading a receiving corps housing Garrett Wilson to one including Nacua, as the veteran — after some squandered years from a contention standpoint — will return to a Super Bowl threat. Adams still posted a third straight first-team All-Pro season during his Derek Carr reunion season, but the Raiders had begun to decline. Adams showed visible frustration with the Raiders’ ensuing Jimmy Garoppolo plan the next season, calling for a benching of the 2023 FA signing. With Adams tied to Gardner Minshew and Aidan O’Connell last year, the fit predictably ended quickly.

Even with the Jets going 5-12 during Rodgers’ comeback season, Adams played well. His 2023 season with Garoppolo and O’Connell also produced a 1,000-yard year. Adams will head to Los Angeles on the heels of six 1,000-yard seasons in his past seven. We ranked Adams as our No. 15 overall free agent, as only Chris Godwin came in ahead of the off-and-on Rodgers target. The $26MM guaranteed effectively justifies that placement, as the Rams will pay Adams while Nacua is still on a rookie deal. Nacua does not become extension-eligible until 2026.

Rodgers has not committed to even playing in 2025, but that is the expectation. It would appear his days of playing with Adams are over. Adams helped Rodgers to two MVPs, playing a tertiary role in his 2014 honor (Adams’ rookie year). Rodgers was briefly linked to the Rams, as they were sorting out their Stafford situation. Now, Rodgers is being connected to the Giants, who aggressively pursued Stafford during his trade talks. As the Giants and Raiders fell short, Stafford will play a fifth Rams season and have one of this era’s best pass catchers to target alongside Nacua.

Broncos To Re-Sign DT D.J. Jones

11:25pm: The Broncos have their nose tackle locked up on a second contract, with DNVR Sports’ Zac Stevens reporting the deal is done. Fowler’s update turned out to be on-point, as 9News’ Mike Klis confirms it is a three-year, $39MM pact. Considering his run-oriented skillset, this represents a big win for Jones, though guarantees will tell the full tale. If nothing else, this continues a spree of Broncos extensions and re-signings, as Sean Payton is signing off on paying players acquired by GM George Paton.

11:14pm: Nary a word about D.J. Jones appeared on the PFR pages during his Broncos contract. That is generally a good sign for a lineman. Jones stayed mostly healthy on his three-year Denver deal and was a key role player on some solid defenses, including last season’s. The Broncos may not let him hit free agency.

The veteran defensive tackle is close to a deal to stay in Denver, according to ESPN.com’s Jeremy Fowler. The sides are nearing an agreement on a contract that would be worth around $13MM per year. That would mark a raise for Jones, who played out a three-year, $30MM contract. The interior starter expressed interest in staying in Denver after the team’s 2024 season.

Missing only three games in three seasons, Jones operated as a quality run stopper in Denver. The former San Francisco fifth-round pick came up in a rumor about being traded back to the 49ers at the deadline, but no traction came out of that. Jones started all 17 Broncos games, helping the team snap a playoff drought.

ESPN’s run stop win rate metric viewed Jones as elite last season, ranking him second among interior D-linemen against the run. Not much of a statistical presence, Jones instead helped front-seven pieces Zach Allen and Nik Bonitto earn second-team All-Pro acclaim last season.

Jones did post 42 tackles last season and tallied five TFLs in 2023, helping the team recover after a dreadful defensive start. Denver’s NT compiled five sacks in three seasons with the team. The Broncos ranked third against the run and are interested in keeping Jones and Allen together inside. Allen is targeting an extension, having outplayed a $15MM-per-year deal.

Jones’ age (30) may not be working against him much, as a $13MM-per-year deal would be a nice bump. Denver has already been active in extending its current core, paying Patrick Surtain, Garett Bolles, Jonathon Cooper and Quinn Meinerz last year. The team has Bo Nix tied to a rookie contract through at least 2026, but it is still on the hook for the second leg of Russell Wilson dead money ($30MM-plus) this year.

The Broncos are carrying just more than $40MM in cap space, which would stand to go to some needs in free agency. Jones, however, could take up a notable portion of those funds hours before the market opens. Denver has until 11am CT Monday to nix Jones talks with other teams.

Minor NFL Transactions: 3/9/25

With free agency less than 12 hours away, here are Sunday’s minor moves:

Denver Broncos

Minnesota Vikings

Both players were set to be restricted free agents. With the low-end tender costing $3.26MM this year, neither team appeared likely to tender their respective RFAs. Fraboni was not set to be tendered, per the Denver Gazette’s Chris Tomasson. Fraboni has been Denver’s long snapper for the past two full seasons, arriving during the 2022 season.

Wright has been the Vikings’ punter for the past three years. He averaged a career-high 48.9 yards per punt in 2023 and checked in at 46.5 last season. Wright will earn $1.75MM on a one-year contract, NFL.com’s Tom Pelissero tweets.

Commanders To Re-Sign TE John Bates

The Commanders certainly seem to approve of their 2024 tight end setup. After re-signing Zach Ertz, the team is keeping its blocking tight end as well.

John Bates is sticking around, per NFL.com’s Mike Garafolo, who notes the young Ertz complement is staying on a three-year deal. Washington has used Bates as a supplementary TE piece for four seasons, having drafted him in the 2021 fourth round.

This was among the Commanders’ priorities, ESPN.com’s John Keim adds, and a sufficient offer will keep the four-year vet off the market. Bates, 27, could have tested free agency had he remained unattached by 11am CT Monday. But the warp-speed roster-building missions regularly involve quick changes during the legal tampering period; Bates will sit that out and stay in Washington.

Bates staying represents a notable commitment to tight end, as the Commanders also drafted Ben Sinnott in last year’s second round. Ertz is more placeholder/Jayden Daniels security blanket, but Bates joins Sinnott in being signed through 2027. Bates played 516 snaps to Sinnott’s 311 last season. The 6-foot-6 tight end has 25 career starts under his belt, complementing the likes of Ertz and Logan Thomas during his rookie-contract years.

The Ron Rivera-led regime drafted Bates, whereas Sinnott and Ertz arrived under Adam Peters. That makes this commitment a bit more interesting. Sinnott-Bates has the makings of a long-term TE duo, while Ertz — heading into an age-35 season — is probably year-to-year at this point.

Illustrating his role on last year’s Commanders team, Bates caught just eight passes despite the above-referenced snap share. He caught 20 passes as a rookie and 19 in 2023, but the Boise State alum will continue to make his living as a blocker.

Raiders To Re-Sign DL Adam Butler

Adam Butler revived his career with the Raiders, who plucked him off the scrap heap after a 2022 season spent out of football. Despite arriving during the Raiders’ Patriot Way experiment, the ex-New England defensive lineman still has a place in Las Vegas.

The Raiders are re-signing Butler on a three-year, $16.5MM deal, NFL.com’s Ian Rapoport reports. Butler had been seeking a raise from his low-end 2024 terms, and Rapoport adds $11MM will come guaranteed to stay with the team under Pete Carroll.

This marks a significant raise for Butler, who played out a one-year deal worth $1.8MM in 2024. Butler, 31 in April, has proven to be a solid interior rusher; he has five sacks in each of the past two seasons. Carroll had expressed interest in bringing back several of the team’s in-house FAs — accumulated under multiple GMs over the past four years — and Butler will be a less expensive piece to retain compared to Tre’von Moehrig, Nate Hobbs, Robert Spillane and perhaps Malcolm Koonce.

A regular in New England from 2017-20, Butler picked up a Super Bowl ring and followed Brian Flores to Miami in 2021. The Dolphins’ next regime did not keep Butler around, cutting him in August 2022. He ended up sitting out that season and landing a reserve/futures deal with the Raiders. Not unlike ex-Pats teammate Jermaine Eluemunor, Butler elevated his stock during a stop in Vegas.

Despite little fanfare during a 4-13 Raiders season, Butler was among the few players to land in the top 20 in pass rush win rate and top 10 in run stop win rate. Butler ranked sixth in the latter category, matching his career high (set in 2023) with eight tackles for loss. Butler primarily worked as a reserve for both Patriots Super Bowl teams he was on in the late 2010s, but he broke through as a Raiders starter last season. After no starts in 2023, Butler made 16 in ’24. He will attempt to build on that and continue in Patrick Graham’s system in 2025.

Trey Smith Signs Chiefs Franchise Tender

It does not appear Trey Smith will consider a holdout. He signed his franchise tender Sunday, NFL.com’s Ian Rapoport tweets. This will guarantee the Pro Bowl guard’s $23.4MM salary.

The Chiefs naturally want this to be a placeholder, and an extension would reduce that $23.4MM cap hold. Kansas City did trade Joe Thuney to Chicago, but the team agreed to terms with Nick Bolton earlier today. This will still leave the Chiefs with work to do on the cap front.

One of just two players tagged this year (along with Tee Higgins), Smith now has a clear path to an extension. The Chiefs broke up their highly paid guard tandem — shortly after it became a high-priced duo — by sending Thuney to the Bears. Smith will be in line to join Creed Humphrey and Jawaan Taylor as a starting O-lineman on a high-end contract. Taylor may well be going into his final year with the team, as the RT has not justified his $20MM-per-year contract, pointing to Smith and Humphrey being the Chiefs’ pillars up front moving forward.

While the Chiefs viewed Bolton as a high priority, they have plenty of work left to do. Before the Bolton money is factored in, OverTheCap lists Kansas City as being more than $9MM over the cap. Even the Saints, who restructured Derek Carr‘s deal yet again, have passed them for available funds. Kansas City could turn to a Patrick Mahomes restructure for a fourth time, though. Regardless of how the Chiefs get there, they need to reach cap compliance by 3pm CT Wednesday. They will also need to carve out spending room to add talent, as left tackle is expected to be an area of emphasis.

Smith, 25, has been the Chiefs’ starting right guard since his 2021 rookie season. He climbed from sixth-round pick, who fell in the draft because of a blood clot issue, to Pro Bowl level. Well regarded by both Pro Football Focus and ESPN’s win rate metrics, Smith is positioned to enjoy his prime protecting Mahomes in Kansas City. The Chiefs will need to be ready for a monster payday to make that happen, and the Thuney trade will arm Smith’s camp with more leverage.

The Chiefs could not come to terms with Orlando Brown Jr. by the July 2022 tag deadline, as the now-Bengals LT declined a six-year offer he deemed light on guarantees. Kansas City gave Humphrey a center-record (by a wide margin) $18MM per year last summer. Smith is positioned to outdo Landon Dickerson‘s $21MM-per-year guard record. The Chiefs will have until July 15 to work out a deal.

Falcons, Jake Matthews Agree On Extension

Although the Michael Penix Jr. ascent no longer makes Jake Matthews a blindside blocker, the Falcons are planning for the veteran tackle to help guide the young quarterback during his rookie-contract years.

Despite turning 33 earlier this year, Matthews has scored a fourth NFL contract. The Falcons are giving Matthews a two-year, $45MM deal, NFL.com’s Mike Garafolo reports. This does not look to be a wait-and-see agreement for 2026, as Garafolo adds Atlanta is guaranteeing its longtime left tackle $38MM at signing.

Matthews already was signed through the 2026 season, as the Falcons huddled up with him on a three-year, $55.5MM extension in 2022. GM Terry Fontenot authorized that extension, but Atlanta’s plan has changed significantly since. After keeping Matthews in the fold to help post-Matt Ryan, the Falcons bailed on their Marcus Mariota and Desmond Ridder experiments to both sign Kirk Cousins and draft Penix eighth overall. The Cousins part of that backfired, via a benching, and the veteran is trying to engineer a release. Cousins remains on the Falcons’ roster, for now, but Penix will be taking the reps with Matthews during the offseason program.

While the Falcons have long-term O-line pieces in Chris Lindstrom and Kaleb McGary, Matthews goes back to a previous era for the franchise. He and Grady Jarrett are the last players remaining from Atlanta’s Super Bowl LI roster. The Falcons chose Matthews in the 2014 first round (sixth overall), installing him as a Ryan blindside protector. Matthews blocked for the former MVP for eight seasons, earning first extension (five years, $72.5MM) in 2018. As the cap has climbed by more than $100MM since, Matthews continues to cash in.

Jake’s father, Hall of Fame O-lineman Bruce Matthews, displayed some of the greatest longevity in NFL history. The former Oiler/Titan mainstay played 19 seasons. Jake has logged 11 but has missed only one career game; that came all the way back in 2014. The Falcons have been able to count on Jake Matthews for more than a sixth of their existence. Pro Football Focus graded the LT stalwart as the league’s 15th-best tackle last season. Though, the third-generation NFL player has just one Pro Bowl (2018) on his resume.

This extension stands to reduce Matthews’ 2025 cap number, which was previously at $21.77MM. The Falcons came into Sunday in the red in terms of cap space, residing more than $5MM over before this Matthews payday. This could point free agent center Drew Dalman out the door. We placed Dalman 14th among free agents this year. He appears certain to become an eight-figure-per-year player soon. The Falcons having Matthews and Lindstrom as their O-line anchors, with McGary and Matthew Bergeron as other starters under contract, would keep them in decent shape if Dalman departs. They would need a center replacement, though.

Broncos To Re-Sign QB Jarrett Stidham

After seeing their Bo Nix draft choice create considerable promise, the Broncos relegated Jarrett Stidham from a starter competition to 17-game backup. But the team is planning to extend its Stidham partnership.

Nix’s 2024 backup is staying in Denver, NFL.com’s Ian Rapoport tweets. This will be Stidham’s second Broncos contract, after he initially arrived on a two-year deal to back up Russell Wilson. Stidham is staying on a two-year, $12MM deal, The Athletic’s Dianna Russini tweets. This is a slight raise for the former Patriots draftee, who played out a two-year, $10MM contract. Stidham, 28, will see $7MM guaranteed, per the Denver Post’s Parker Gabriel.

Stidham became contract protection for a second straight year, closing out the 2023 season as a two-game Broncos starter. As the Broncos moved to protect against Wilson’s injury guarantee from vesting, they made the move at the same juncture (Week 17) the Raiders did when they moved him into their 2022 starting lineup. Stidham replaced Derek Carr for two games but did not stick around, signing with the Broncos. Rather than bail after Nix won last year’s job and delivered a strong rookie season, Stidham will remain as a mentor.

A six-year veteran, Stidham had entered camp taking first-string reps. But with Nix making a Division I-FBS QB-record 61 starts at Auburn and Oregon, Stidham — Nix’s Auburn QB1 predecessor — never looked like a real threat to hold off the rookie for too long. As it turned out, Nix impressed in the preseason and Sean Payton gave his handpicked passer the job. Stidham’s second Broncos contract will overlap with the two additional seasons in which Nix must stay on a rookie deal.

Stidham went 1-3 as a starter during his 2022 and ’23 two-fers, delivering an impressive performance in a Raiders shootout loss to the 49ers. He guided the Broncos to a win over the Chargers in Week 17 of the 2023 season as well. Those are Stidham’s only four career starts, but the former fourth-round pick has made a nice career as a backup. Stidham did beat out Zach Wilson to become Nix’s backup throughout last season, and with this contract, the former No. 2 overall Jets pick may need to head elsewhere in free agency.