Transactions News & Rumors

Seahawks, DT Jarran Reed Agree To Deal

Jarran Reed was set to reach free agency in the coming days, but that will no longer be the case. The veteran defensive tackle has a new deal in place with the Seahawks.

Team and player have agreed to a three-year contract, ESPN’s Adam Schefter reports. The pact has a maximum value of $25MM. Reed has been with Seattle (the second time around) for the past two seasons, and his tenure there will continue as a result of this deal. Providing further details, Mike Garafolo of NFL Network adds Reed will collect $8MM in 2025, noting the base value of the deal is $22MM.

The 32-year-old began his career with the Seahawks, playing there from 2016-20. His Seattle release paved the way for a pair of one-year tenures with the Chiefs and Packers before a reunion took place. Reed took a two-year, $9MM pact to return to the Emerald City in 2023, and his performances during his second tenure with the franchise has earned him an even larger commitment.

A seven-sack season in 2023 showcased Reed’s continued ability to make an impact against the pass, although his production and playing time saw a drop this past season. The former second-rounder handled a 72% snap share upon returning to Seattle, but that figure fell to 60% in 2024. Reed still managed 4.5 sacks, 20 pressures and 45 tackles, though, and he will be counted on to remain a key contributor along the defensive front moving forward.

Seattle used a first-round pick on Byron Murphy during last year’s draft, and The Athletic’s Michael-Shawn Dugar notes the team hopes to increase his workload in 2025 (subscription required). Murphy logged a 49% snap share as a rookie, and it would come as no surprise if he were to see a jump in playing time in Year 2. Reed – whom Dugar wrote the Seahawks were interested in retaining – will nevertheless remain a starting presence with his second Seattle tenure being extended.

Seattle entered Sunday with roughly $62.5MM in cap space. This Reed deal will eat into that figure, as will a Sam Darnold contract if the team’s preferred quarterback option can be added. In any case, the Seahawks will still have funds available for other free agent additions this week.

Cardinals Re-Sign OLB Baron Browning

The Cardinals didn’t get to see a ton from outside linebacker Baron Browning after trading for him last year. Regardless, they brought him in for a reason and, with that in mind, they will reportedly bring him back in 2025, per Ian Rapoport of NFL Network. The new contract is a two-year, $15MM deal that can be worth up to $19MM. The team has since announced the news.

Howard Balzer of CardsWire commented on an interesting note that the early reports of the deal fail to mention any guaranteed money. While the numbers will eventually come out, the guaranteed numbers may not be super favorable for Browning as he still has plenty to prove after a relatively down 2024 season.

Browning originally came to the NFL as a third-round pick out of Ohio State. The former five-star recruit earned plenty of starts over his first three seasons, logging 26 starts in 38 appearances. As a rookie, the Broncos played Browning exclusively as an off-ball linebacker. He was fairly average in the position, totaling 58 tackles, two tackles for loss, and a quarterback hit.

A year later, Denver moved Browning to an edge rushing role. With eight starts in 14 games at his new position, Browning tallied five sacks, eight tackles for loss, and 12 quarterback hits. In his second year at the new spot, Browning started nine of 10 game appearances, logging 4.5 sacks, four tackles for loss, and nine quarterback hits. Despite slightly lesser stats, albeit in four fewer games, Browning’s analytical evaluation improved greatly in that second year as a pass rusher, per Pro Football Focus (subscription required).

Despite the early promise Browning showed, Denver seemed to move on from Browning last year in favor of players like Nik Bonitto, Jonathon Cooper, Jonah Elliss, and Dondrea Tillman. Browning had reportedly been seeking a role as a starter that he wasn’t getting in Denver, and the Broncos were not likely to re-sign him. They opted, instead, to trade Browning midseason to the Arizona in exchange for a 2025 sixth-round pick.

The Cardinals followed Denver’s lead, keeping Browning as an edge rusher. Playing in the rotation, the fourth-year player logged two sacks, four tackles for loss, and three quarterback hits in eight games with Arizona. The team was intrigued by what he brought to the table and expressed interest in bringing him back. They’ve now done so, and they’ll see what he has to offer over the next two seasons.

Bills To Release DE Von Miller

Shortly after securing their future at the pass rushing position, the Bills are moving on from a veteran at the same position. According to a joint report from NFL Network reporters Ian Rapoport and Tom Pelissero, Buffalo is releasing pass rusher Von Miller. It’s a cost-cutting move as the Bills take advantage of a potential out built into the 35-year-old’s contract.

Miller was three years into a six-year, $120MM extension, but a potential out was built in after the third year of the deal. At this point in the contract, Miller had no remaining guarantees, and the Bills are able to cut him with $15.42MM of dead money and $8.4MM in cap savings. If the team were to have designated him as a post-June 1 release, they could’ve lessened the dead money to $6.37MM, increasing the cap savings to $17.44MM, but Joe Buscaglia of The Athletic reports that this is just a regular, pre-June 1 release.

Though, Miller is set to turn 36 before the next regular season starts, Cameron Wolfe of NFL Network reports that Miller “plans to play” in 2025 for his 15th year of NFL football. While multiple reports have claimed that both Buffalo and Miller are open to a reunion on a cheaper deal, Miller will have the option to explore opportunities with other contending teams now that he has been released. Miller would be in pursuit of his third Super Bowl victory.

Miller is one of the most accomplished pass rushers in NFL history. Since sacks became an official stat in 1982, Miller ranks 16th all-time with 129.5. Just eight more sacks would put him in the top 10. With three teams, he’s been a three-time first-team All-Pro, a four-time second-team All-Pro, and an eight-time Pro Bowler. He also won Defensive Rookie of the Year in 2011 as the No. 2 overall pick out of Texas A&M and was a Super Bowl MVP.

It’s been a long time since many of those accolades occurred, though. In fact, they all came during his 11-year tenure in Denver. After sitting out the entire 2020 season with injury, Miller was traded midseason to the Rams, with whom he won his second Super Bowl. He hasn’t reached double-digit sacks since 2018, and he only has six total over the past two years in Buffalo, with all six coming this past season.

With that six-sack season, he was able to display that he still has the talent to be a situational pass rusher in the NFL, but he’ll likely need to lower his expectations on compensation. Miller was due to earn $17.5MM in cash this season with Buffalo, $20MM in 2026, and $30MM in 2027. With the numbers he’s put up in recent years, combined with his age and injury history, wherever Miller goes, he won’t be sniffing that kind of money.

If he truly wants to land with a contender, there are certainly options. In the AFC, the Chiefs are perennial title favorites. He could always return to Buffalo on a more favorable deal or head to the AFC North and visit the Ravens or Bengals. In the NFC, the Eagles and Lions have been powers in the last few years, and Nicki Jhabvala of the Washington Post pointed out an intriguing connection with the Commanders. Washington’s general manager, Adam Peters, was serving as a national scout in Denver when the Broncos drafted Miller.

While he may not fetch a stellar price, Miller should have plenty of options to return to the field in 2025. His potential as a pass rusher should be enough, but the expertise he brings to the game can help mold younger, developing pass rushers, as well. While the pass rushing success of young players in Buffalo like Gregory Rousseau and A.J. Epenesa can’t be fully attributed to Miller, his presence surely didn’t hurt.

Miller joins a crowded free agent position group, though. Teams looking to grab an impact pass rusher will likely go after the likes of Josh Sweat, Khalil Mack, Malcolm Koonce, Chase Young, Haason Reddick, DeMarcus Lawrence, and others before coming to him.

Ravens To Re-Sign LT Ronnie Stanley

It looks like Ronnie Stanley‘s time in Baltimore is not over quite yet. Surprisingly, the Ravens were the first to announce the deal on X. Diana Russini of The Athletic quickly followed to inform us that Stanley is signing a three-year, $60MM extension with $44MM guaranteed at signing. Stanley was the fourth-ranked player on our list of the Top 50 Free Agents in 2025.

Returning Stanley to the fold is huge for the Ravens, as this is not the year to be wanting for a left tackle. In free agency, after Stanley, the top options at left tackle are now Dan Moore, Cam Robinson, and an aging Tyron Smith, who has been reportedly mulling retirement. In the draft, a concern has been raised about needing tackles as many of the graduating tackles in the draft have been seen as better fits for the interior line by many evaluators.

Another reason this is huge for Baltimore is that it helps them to avoid doing a full offseason overhaul of their offensive line for the second year in a row. Last year, the team went to work in the offseason in order to replace both starting guards (John Simpson and Kevin Zeitler) and their starting right tackle Morgan Moses.

They attempted to fill the guard spots with Daniel Faalele and Andrew Vorhees, with their sixth-man of the offensive line Patrick Mekari filling in at right tackle. When Vorhees struggled, they shifted Mekari into the left guard spot and started rookie second-round pick Roger Rosengarten at right tackle for the rest of the season. Mekari is still currently on track for free agency, but the team has shown how much they value his versatility in the past. Even if he does leave, filling an interior lineman spot will be a much less Herculean task than if they had let Stanley walk.

This isn’t the first time the Ravens have extended Stanley, and they are likely praying that this time goes much smoother. After picking up Stanley’s fifth-year option back in 2019, the team made Stanley the highest-paid offensive lineman in the NFL following an All-Pro season in which Pro Football Focus graded him the second-best tackle in the league and named him the best pass blocking tackle in the NFL. The five-year, $112.8MM extension came partway through the 2020 season.

Two days later, Stanley was carted off the field with a season-ending ankle injury. The next season, after playing in the season-opener, Stanley was once again placed on injured reserve after undergoing season-ending ankle surgery. He wouldn’t return until Week 5 of the 2022 season, after having missed 29 of the 30 games since he signed his extension. After shaky seasons in 2022 and 2023, Stanley started every game last year, making his first Pro Bowl appearance since that All-Pro season in 2019.

Knowing this injury history and seeing as how Stanley is set to turn 31 before the 2025 season, Baltimore was reportedly hesitant to get to $20MM per year, according to Russini’s colleague Jeff Zrebiec. But seeing the other options, and the likely overpayment that is sure to occur for those secondary options, the Ravens will likely feel pretty good about the price they paid for their tried-and-true blindside blocker, especially as the negotiating period starting Monday was sure to bring in much higher offers. Stanley’s pact will see $44MM paid out over the first two years, per The Athletic’s Jeff Howe.

According to Albert Breer of Sports Illustrated, those other options, namely Moore and Robinson, could both command up to $15MM per year in the open market now. For tackles that PFF (subscription required) graded out as the 42nd- and 53rd-best tackles in the league, respectively, that’s a steep price to pay.

Stanley was reportedly drawing significant interest from the Patriots, Chiefs, and Commanders. With the Ravens keeping Stanley off the open market, New England, Kansas City, and Washington will likely be duking it out for the Moore, Robinson, and perhaps Jaylon Moore, who’s started 12 games for the 49ers in the four years of his rookie deal.

With Stanley putting pen to paper, the Ravens have officially checked off perhaps the biggest task on their to-do list for the offseason. Key free agents like Mekari, fullback Patrick Ricard, and cornerbacks Brandon Stephens and Tre’Davious White are set to hit the open market soon, and the team still would like to improve at the cornerback, pass rusher, and interior offensive line positions. With free agency and the draft looming, the Ravens are set up well to make a push next season in an effort to get Lamar Jackson that elusive Super Bowl with his blindside tackle beside him.

Minor NFL Transactions: 3/8/25

Saturday’s minor moves:

Buffalo Bills

New York Giants

Ferguson’s new pact is four years in length, per a team announcement. The eight-year veteran has spent his entire career with the Bills, and his Buffalo tenure will continue for the foreseeable future. Ferguson, 30, has only missed one game to date. His most recent pacts have averaged between $1.08MM and $1.33MM per year, and that will no doubt be the range for this latest one.

Darren Waller‘s retirement created an opening at the tight end spot for the Giants. Manhertz did not operate as a key pass-catcher, but the veteran served as a blocker as he has at other spots during his career. After playing in a rotational capacity on offense and chipping in on special teams, the 32-year-old will be counted on to handle a similar workload in 2025.

Commanders To Re-Sign TE Zach Ertz

Another 2024 Commanders addition is staying put ahead of free agency. Tight end Zach Ertz has a new deal in place.

This will be a one-year agreement, Tom Pelissero of NFL Network reports. The pact has a base value of $6.25MM with upside of $9MM thanks to incentives. After a strong debut campaign in Washington, Ertz will remain a key contributor on offense.

The veteran had a strong run with the Eagles but he faced questions about his remaining productivity upon being traded to the Cardinals in 2021. Ertz nevertheless remained a full-time starter upon arrival in Arizona while playing under Kliff Kingsbury. The latter’s decision to return to the NFL coaching ranks as Washington’s offensive coordinator was followed by Ertz taking a one-year Commanders pact.

Both of those moves proved to be fruitful. Led by Offensive Rookie of the Year Jayden Daniels, Washington advanced to the NFC title game, notably raising expectations for 2025 in the process. Ertz put up a 66-654-7 statline during his debut Commanders season, and last month he made it clear he had no intentions of hanging up his cleats. Now, prior to free agency, the 34-year-old’s immediate future has been assured.

Ertz’s pact last year was worth $3MM and included just $1.96MM in guarantees. Especially if the three-time Pro Bowler reaches his incentives, he will fare much better in 2025 from a financial perspective. The Commanders could look to add a tight end successor in the draft this spring, but Ertz will be counted on to remain a productive member of the team’s skill-position group for at least one more year.

Adding a proven receiver to complement Terry McLaurin was seen as a clear priority for this offseason, and the Commanders addressed it with the Deebo Samuel trade. Bringing back Ertz will ensure continuity elsewhere on offense as the team looks to duplicate its success while Daniels remains attached to his rookie contract. Washington’s efforts to keep free agent pickups from last year in place include the recent re-signing of linebacker Bobby Wagner.

He and Ertz will look to again provide value to a Commanders organization which has been substantially reshaped under owner Josh Harris, general manager Adam Peters and head coach Dan Quinn. Washington entered Saturday with nearly $80MM in cap space, so even once this pact becomes official the team will have plenty of spending power in free agency to add to its existing corps.

RFA/ERFA Tender Decisions: 3/8/25

Here are Saturday’s tender decisions around the league:

RFAs

Tendered:

Williams and Kohou have received the right of first refusal tender from their respective teams. That will set them up for $3.26MM in 2025, but if they depart via an offer sheet Chicago and Miami will not receive any compensation. Van Lanen has received the original round tender (which is valued at $3.41MM), as noted by Tom Pelissero of NFL Network. As a result, Jacksonville would receive a sixth-round pick as compensation in the event he signed an offer sheet from an interested team which the Jags declined to match.

Panthers Re-Sign C Austin Corbett, TE Tommy Tremble

The Panthers will have plenty of continuity up front in 2025. One day after tendering restricted free agent Cade Mays, the team has ensured Austin Corbett will be in place as well.

The latter agreed to terms on a new contract, the team announced Saturday. Joe Person of The Athletic notes it is a one-year pact. All five starters from Carolina’s 2024 offensive line are now on the books as a result of today’s move, one which comes not longer after it was learned the Panthers were in talks with both of their centers from last year.

Corbett inked a three-year, $26.25MM deal in free agency after emerging as a capable starter during his time with the Rams. The 29-year-old was limited to only five games in 2024, though, and the short-term nature of his latest pact is a reflection of the leverage he lost. Nevertheless, Corbett will be counted on to reprise his starting center gig next season as he looks to rebuild his value.

Pass protection was a major issue during quarterback Bryce Young‘s rookie campaign. The Panthers responded by signing guards Robert Hunt and Damien Lewis to big-ticket free agent deals. Those two remain on the books, as do tackle starters Ikem Ekwonu and Taylor Moton. As Young looks to build off the promise he showed late in 2024, he will have the same unit in front of him next year.

The Panthers also announced they have reached agreement on a two-year deal with tight end Tommy Tremble. The 2021 third-rounder was on track for free agency with his rookie contract expiring, but he will remain in place. Tom Pelissero of NFL Network reports the pact includes $8MM guaranteed and has a maximum value of $16MM. Mike Kaye of the Charlotte Observer adds this deal’s base value is $10.5MM.

Tremble’s snap share hovered around 50% for each of his first three seasons, but it jumped to 69% in 2024. The 24-year-old missed five games (after previously being absent for only one the rest of his career), but he still managed to match his personal mark with 23 catches and set a new career high with 234 yards. If he can continue to provide Carolina with complementary production, Tremble will prove to be a worthwhile short-term investment for the team.

The Panthers entered Saturday with just over $27MM in cap space. These moves will eat into that figure to an extent, but the funds for outside additions – particularly on defense – will be available when the new league starts next week.

Saints Restructuring QB Derek Carr’s Contract

After many reported discussions concerning how the Saints and quarterback Derek Carr would handle his compensation in 2025, Mike Garafolo of NFL Network reports that the team is expected to convert most of the $40MM due to him into a signing bonus for salary cap purposes. Per Garafolo, this transaction indicates that New Orleans has every intention of riding with Carr as their starter next season.

Carr was due a $30MM base salary which was set to become fully guaranteed next week. The longtime Raiders starter was also set to collect a $10MM roster bonus; both compensation packages have been converted into a signing bonus. Carr was scheduled to carry a 2025 cap charge of nearly $51.5MM, but today’s move will lower it to $20.4MM (h/t ESPN’s Katherine Terrell).

New Orleans – as per usual – used restructures as a means of achieving cap compliance last offseason. That included reworking Carr’s contract, but the inflated cap figure and his missed time in 2024 led to questions about his future in the organization. That remained the case after the four-time Pro Bowler made it clear he would not entertain the idea of a pay cut as part of the Saints’ financial moves this spring. Last week, however, general manager Mickey Loomis said the team planned to keep Carr in the fold for at least one more year.

As a result, today’s news comes as little surprise. Carr will remain in New Orleans for his 12th career season and third with his current team. The soon-to-be 34-year-old played a full campaign in 2023, and the Saints’ 9-8 record suggested playoff contention would be feasible with him at the helm moving forward. Things did not go according to plan this past season, though, as Carr was limited to just seven games. New Orleans dealt with a number of other injuries on offense, and the team will hope a fresh start on that front along with new head coach Kellen Moore in place will spark improvement in 2025.

Once the season – one in which Dennis Allen was dismissed – had ended, Loomis said the Saints’ next head coach would have a role in shaping how they proceeded at the quarterback position. Despite being a rookie HC, Moore thus faced a key decision upon arrival. His input has resulted in a short-term confirmation that Carr will stay in place. He is on the books for 2026 with a non-guaranteed $50MM salary. The Fresno State product was already due to carry a cap charge of roughly $61.5MM before the restructure; that number will spike with future cap hits being moved into the future.

2023 fourth-round selection Jake Haener and 2024 third-rounder Spencer Rattler remain in place as backup options should Carr miss time next season. With the QB depth chart intact for at least one more year, Moore and the Saints will aim to bounce back from a disappointing run last campaign. As the start of the new league year approaches, the team still needs to free up approximately $10MM in additional funds to achieve cap compliance.

Adam La Rose contributed to this post.

Giants Extend P Jamie Gillan, Re-Sign Tommy DeVito

The Giants shored up two under-the-radar positions today, locking down both punter Jamie Gillan and quarterback Tommy DeVito to return in 2025. Per Tom Pelissero of NFL Network, Gillan is staying in New York on a three-year extension, while DeVito’s signing was announced by Dan Salomone, the senior managing editor of Giants.com.

According to Pelissero, Gillan’s deal is worth up to $10.2MM over the three-year period, placing him somewhere in the top five highest-paid punters in the NFL, depending on what the final numbers turn out to be. If the face value of the deal ends up being over $9MM, he will be in the top four.

Gillan just finished his sixth year in the NFL, splitting his time almost evenly between New York and Cleveland, where he first started. The Scotland-native signed with the Browns as an undrafted free agent out of Arkansas-Pine Bluff in 2019. He took over punting duties as a rookie, demonstrating a strong leg and an ability to pin opposing offenses inside the 20 with regularity. Near the end of his third season with the Browns, Gillan was waived after sitting out of two games, and he signed with the Bills’ practice squad, though he failed to appear in any games with them.

When that season ended, the Giants signed him to a reserve/futures deal, and he became their primary punter in 2022. He’s held the role ever since, aside from four games last year when Matt Haack filled in due to injury. Gillan took his job back after returning to health, and with today’s extension, it looks like he’ll spend another three years in New York.

Quarterback doesn’t seem like an under-the-radar position to lock down, but DeVito’s role on his renewed deal will likely continue to be as a backup. DeVito shined in backup duty as a rookie, filling in for an injured Daniel Jones and Tyrod Taylor. In six starts, he went 3-3, throwing eight touchdowns to just three interceptions. He lost both of his starts last year as a fill-in, completing 70.5 percent of his passes but failing to register a touchdown or interceptions.

DeVito was set to be an exclusive rights free agent, but the team tendered and re-signed the former undrafted Illinois product, barring him from communicating with other teams on the market. While DeVito and Drew Lock return as the top two passers on the roster, it’s unlikely that either will be the preferred starter by the time the season swings around.