Restructured Deals: Packers, Broncos, Bills, Patriots, Giants
As free agency continues, teams will keep finding ways to open up additional cap. We’ve had a handful of reworked contracts in recent days, which we’ve compiled below:
- The Packers opened $10.15MM in cap space by restructuring the contracts of wideout Randall Cobb (which was previously reported) and safety Adrian Amos, per ESPN’s Field Yates (on Twitter). ESPN’s Rob Demovsky tweets that Green Bay turned $5.88MM of Amos’ $7MM base salary into a signing bonus and added four void years.
- The Broncos opened up some space via a pair of restructured deals. Wideout Tim Patrick converted $6.9MM of his roster bonus into a signing bonus, creating around $4.6MM in cap space, per Mike Klis of 9News in Denver (on Twitter). The Broncos also converted receiver Courtland Sutton‘s $10.5MM roster bonus into a signing bonus, saving $7.875MM in 2022 cap space, per Klis (on Twitter).
- The Panthers converted $11.765MM of wideout Robby Anderson’s 2022 pay into a signing bonus, creating $5.88MM in cap space, per Yates (on Twitter). Staying in the NFC, Yates also tweets that the Eagles converted $14.88MM of cornerback Darius Slay’s salary into a signing bonus, creating $11.90MM in 2022 cap space.
- The Giants converted $2.63MM of kicker Graham Gano’s salary into a bonus, creating $1.753MM in cap space, per ESPN’s Jordan Raanan (on Twitter). The team also added a void year to the contract, something GM Joe Schoen was trying to avoid (per Raanan).
- After getting traded to the Bills, quarterback Case Keenum agreed to rework his contract. Per Yates (on Twitter), Keenum reduced his base salary to $3.5MM. Another AFC East team, the Patriots, also got into the game, reducing defensive end Henry Anderson‘s base salary from $2.5MM to $1.25MM (per Yates).
- Yates passes along three more restructures (on Twitter): the Vikings opened $6MM in cap space by reworking safety Harrison Smith‘s contract, the Bills opened $5.172MM via linebacker Matt Milano‘s contract, and the Titans opened $6.45MM via linebacker Zach Cunningham‘s contract.
Packers Re-Sign TE Robert Tonyan
The Packers are keeping their tight end room secure for Aaron Rodgers. With Marcedes Lewis and Josiah Deguara set to return, Green Bay secured the return of their top three tight ends today by re-signing Robert Tonyan for another year, according to Aaron Wilson of Pro Football Network. 
Tonyan became the tenth football player out of Indiana State University to reach the NFL when he signed with the Lions as an undrafted free agent in 2017. He was released before the season began, but was soon picked up by the Packers as a member of the practice squad. Tonyan was mostly a reserve tight end, appearing in most games, but not providing much of an impact in the passing game.
Tonyan had a break out year, though, in the 2020 NFL season when he reeled in 52 passes for 586 yards and an impressive 11 touchdowns. In 2021, Tonyan was showing a bit of the same success minus the massive red-zone impact. Unfortunately, his season was cut short by a torn ACL in a Week 8 game against the Cardinals.
Despite only appearing in eight games, Tonyan only trailed the Packers’ leading receiving tight end, Deguara, by 41 yards and trailed Lewis by only 10 yards. So the Packers are bringing back their top receiving tight end on a one-year deal, likely to make sure he can provide the same impact upon his recovery.
Packers To Re-Sign Rasul Douglas
SATURDAY: Green Bay is giving Douglas a three-year deal, Ian Rapoport of NFL.com reports (on Twitter). The former journeyman cornerback agreed to terms on a $21MM deal, with Rapoport adding it can max out at $25.5MM (Twitter link).
THURSDAY: This will not exactly compete with the previous Packers development for news value, but the team is closing in on bringing back one of its priority free agents. Rasul Douglas is expected to re-sign with the Packers, Josina Anderson of USA Today tweets.
Douglas’ second contract with the Packers is expected to go through after Davante Adams‘ $20MM franchise tag number comes off the books, per Anderson. The Packers are trading Adams to the Raiders for first- and second-round picks.
Douglas will join De’Vondre Campbell as 2021 defensive standouts re-signing with Green Bay. Despite the Packers rostering Jaire Alexander and 2021 first-round pick Eric Stokes, they were working on a Douglas extension earlier this week. Douglas hit free agency but has not been connected to other teams. The veteran revitalized his career in Green Bay, helping the NFC North champions after a late arrival.
The 27-year-old cornerback intercepted a career-high five passes, despite playing in just 12 regular-season games, and returned two for touchdowns. The former Eagles, Panthers, Raiders, Texans and Cardinals defender enjoyed a career year in coverage as well, limiting quarterbacks to a 44.5 passer rating — down from 108.5 with the Panthers in 2020 — and a 50% completion rate. Douglas helped the Packers considerably while Alexander missed time. The two are on course to play together next season.
Packers Trade WR Davante Adams To Raiders
Davante Adams‘ stint with the Packers has come to a sudden end. The Packers are trading the Pro Bowl wideout to the Raiders, reports ESPN’s Adam Schefter (via Twitter). The Packers will receive the Raiders’ first- and second-round picks in this year’s draft, Ian Rapoport of NFL.com tweets.
The Raiders are also inking Adams to a record-breaking contract. The wideout will sign a five-year, $141.25MM deal with Las Vegas, with his $28.25MM average annual salary setting a new record for the position (per Rapoport).
There were whispers that Adams could be on the move, but the return of Aaron Rodgers had many assuming that the star wide receiver would be back in Green Bay next season. Of course, there was still the matter of a contract; the Packers ended up franchising Adams when they couldn’t agree on an extension prior to the tender deadline, but the wideout later made it clear that he wouldn’t play the 2022 season on the franchise tag (one-year, $20.5MM). Adams has been pushing for a megadeal to top DeAndre Hopkins‘ $27MM/year contract, and per ESPN’s Rob Demovsky (on Twitter), the Packers were willing to meet his asking price. However, Adams ultimately wanted to play elsewhere, leading to the trade.
Whenever a potential Adams trade was brought up, the Raiders were consistently mentioned as a top suitor. This wasn’t only due to the Raiders’ need for a top-end wide receiver; it was also because of the friendship between Adams and quarterback Derek Carr, who were teammates at Fresno State. Carr said last summer that he would “welcome” a reunion with his good friend, and he acknowledged that he’d be “recruiting hard” by the time the 2022 offseason came around. Ultimately, Carr got his wish, and he’ll now be adding one of the NFL’s most dynamic receivers.
A few eyebrows were raised when it was recently reported that Adams had bought a home in the Las Vegas area, and Rapoport tweets that the receiver will actually be neighbors with his new QB. Rapoport adds that the Raiders and Packers had been working on a deal for a few days, although NFL Network’s Tom Pelissero tweets that the trade was dead as recently as yesterday.
Adams had a standout career with the Packers aftre being selected in the second round of the 2014 draft. The receiver earned a pair of first-team All-Pro nods and made five-straight Pro Bowls during his time in Green Bay. After putting up some incredible numbers in recent seasons, Adams somehow took it to another level in 2021. The wideout finished the season with a career-high 1,553 receiving yards on 123 receptions. He also hauled in 11 touchdowns.
Josh McDaniels and co. were reportedly seeking a top-end receiver to pair with receiver Hunter Renfrow and tight end Darren Waller. DeSean Jackson provided a bit of a spark after joining the organization, but there was no guarantee he would stick around (plus he profiles as a lower-end WR). The team also lost a key future piece in Henry Ruggs.
While Green Bay settled their issues with their franchise QB, they now have some major question marks elsewhere on offense. The team’s receivers depth chart is currently led by Allen Lazard and Randall Cobb, and the Bears signed away Equanimeous St. Brown earlier today. It will be interesting to see if the Packers are able to attract one of the few remaining FA wideouts, and Schefter confirms (on Twitter) that the team is indeed pursuing veteran receivers. And for those wondering, Rapoport tweets that Rodgers has indeed signed his new contract. In fact, Rodgers was aware that Adams was done with the Packers when he inked his new deal, so this trade won’t come as any surprise to the QB (per Rapoport).
Minor NFL Transactions: 3/17/22
Today’s minor moves:
Arizona Cardinals
- Re-signed: LS Aaron Brewer, P Andy Lee
Atlanta Falcons
- Re-signed: OL Colby Gossett, NT Anthony Rush
- Signed: S Teez Tabor, OT Elijah Wilkinson
Chicago Bears
- Released: LS Beau Brinkley
Cincinnati Bengals
- Re-signed: WR Mike Thomas
Detroit Lions
- Re-signed: QB David Blough
- Signed: TE Garrett Griffin
Green Bay Packers
- Signed: P Pat O’Donnell
Miami Dolphins
- Signed: WR Trent Sherfield
New Orleans Saints
- Signed: DE Kentavius Street
New York Giants
- Re-signed: OT Korey Cunningham
San Francisco 49ers
- Signed: LB Oren Burks (two-year deal)
Packers WR Randall Cobb Takes Pay Cut
While it remains to be seen whether Davante Adams will be back in Green Bay, at least one of Aaron Rodgers‘ favorite targets will be sticking around. Tom Silverstein of the Milwaukee Journal Sentinel reports (via Twitter) that wideout Randall Cobb took a sizable salary cut to stay with the Packers.
[RELATED: Packers’ Davante Adams Won’t Play On Tag]
Specifically, Cobb sacrificed $5.5MM to stay in Green Bay. The veteran wideout was set to earn $8.5MM in total salary in 2022, and that number will now drop to $3MM.
Cobb returned to the Packers in 2021 and settled into a secondary role on offense. He ended up finishing the campaign with a career-low 376 yards from scrimmage, but his five touchdowns were the most he’s had since 2015.
Besides one-year stints with the Cowboys and Texans, Cobb had otherwise spent his entire career in Green Bay. He earned a Pro Bowl nod in 2014, and he’s sixth on the team’s all-time list in receptions (498).
Packers, Rasul Douglas Eyeing Extension
The Packers have taken care of most of their offseason business already, making enough salary cap room to keep the likes of Aaron Rodgers, Davante Adams and Preston Smith. One of the last key pieces to their 2021 roster left unsigned is cornerback Rasul Douglas. 
According to ESPN Dianna Russini, both sides are hopeful a new deal can get done to keep him in Green Bay (Twitter link). She reports that “ongoing conversations continue on a potential extension”, though she adds that Douglas has received “multiple offers” from other teams in recent days.
The 27-year-old joined the Packers – his third NFL team – midseason. Brought in as a replacement for the injured Jaire Alexander, he exceeded any reasonable expectations the team had for him. In 12 games, he totalled 57 tackles and a team-leading five interceptions (two of which were returned for touchdowns). He also had the best season of his career in coverage, allowing a 44.5 opposing passer rating.
That led general manager Brian Gutekunst to publicly announce his desire to keep him, along with fellow unheralded defender De’Vondre Campbell. Douglas had earlier expressed his openness to returning. A new deal certainly wouldn’t come as a surprise, then, although the Packers have a tight budget and potential outside suitors to compete with.
Contract Details: Crosby, Gregory, Campbell, Conner, Jensen, Dissly, Glowinski
Here are the details from the latest agreed-upon contracts around the league:
- Maxx Crosby, DE (Raiders): Four years, $94MM. The Raiders gave Crosby a $13MM signing bonus and have fully guaranteed his 2022 and ’23 base salaries ($3.5MM, $10MM), Mike Florio of Pro Football Talk notes. Crosby’s 2024 base ($19MM) will become fully guaranteed in 2023. Crosby’s 2025 and ’26 salaries ($21MM apiece) are nonguaranteed. There are $200K-per-year incentives included for All-Pro nods as well.
- Randy Gregory, OLB (Broncos): Five years, $70MM. Denver is giving Gregory a $10MM signing bonus and has the pass rusher attached to $4MM and $14MM base salaries in 2022 and ’23, respectively, per Brad Spielberger and Doug Kyed of Pro Football Focus (on Twitter). Both years are fully guaranteed, Mike Garafolo of NFL.com tweets. Gregory’s deal includes $1MM roster bonuses in 2025 and ’26.
- De’Vondre Campbell, LB (Packers): Five years, $50MM. Green Bay is giving Campbell a $15MM signing bonus and has backloaded the base salaries. Campbell’s first two salaries check in at $1.1MM and $1.45MM, Aaron Wilson of ProFootballNetwork.com tweets. They spike to just north of $7MM by 2024. A $3MM roster bonus is also due on Day 3 of the 2023 league year, with a $2.9MM roster bonus due at the same point on the 2024 calendar.
- Ryan Jensen, C (Buccaneers): Three years, $39MM. Jensen will see $23MM fully guaranteed, Dan Graziano of ESPN.com tweets. His 2022 breakdown goes $1.5MM base salary and $12.5MM roster bonus. $9MM of Jensen’s $12.5MM 2023 base salary is fully guaranteed, and the other $3.5MM shifts to a full guarantee on Day 5 of the 2023 league year.
- Will Dissly, TE (Seahawks): Three years, $24MM (max value). The deal includes a $9.3MM signing bonus but is light on guaranteed salary. Dissly’s $1MM 2022 salary is fully guaranteed, while Field Yates of ESPN.com tweets the 2023 base ($5.64MM) is guaranteed for injury. The injury-prone tight end’s 2024 base ($6.49MM) is nonguaranteed.
- James Conner, RB (Cardinals): Three years, $21MM. Conner’s deal includes $13.5MM guaranteed, per Kyed and Spielberger (on Twitter). Conner’s 2022 and ’23 base salaries ($1.75MM and $5.75MM) are fully guaranteed.
- Mark Glowinski, G (Giants): Three years, $18.3MM. The Giants included a $4.5MM signing bonus, and Glowinski will have cap figures of $3.35MM (2022), $7.75MM (2023) and $7.2MM (’24). Glowinski is due a $1MM roster bonus in 2023 (Twitter links via The Athletic’s Dan Duggan).
Latest On Aaron Rodgers’ Extension With Packers
Aaron Rodgers has officially signed his record-breaking extension with the Packers, and we’re getting more clarity on the mind-numbing numbers.
Rodgers will earn $150.815MM over the next three years ($42MM in ’22, $59.5MM in ’23, $49.3MM in ’24), with the next two years fully guaranteed (per NFL Network’s Tom Pelissero on Twitter). As NFL Network’s Ian Rapoport tweets, the expectation is that Rodgers would retire after that 2024 campaign. If he decides to continue playing, the final two years of the deal (stemming from the four-year extension, five years total) would need to be reworked.
As Mike Florio of ProFootballTalk.com notes, Rodgers will see $123.52MM in “new money” on the extension, translating to a “new money average” of $61.7MM (considering the additions of 2023 and 2024, coupled with the 2025 and 2026 dummy years). As Florio points out, that’s a significant jump from the previous-high of $45MM per year.
Meanwhile, NFL Network’s Mike Garafolo tweeted out a helpful guide on how Rodgers’ extension will impact the Packers’ cap over the next three years:
- 2022: $28.5MM cap number (down from $46.7MM)
- 2023: $31.6MM cap number (up from $7.7MM on a previously voidable year)
- 2024: $40.7MM cap number
NFL Announces Compensatory Picks For 2022 Draft
The NFL has awarded compensatory draft picks for teams in the 2022 draft. These picks are awarded to the teams that suffered the most significant free agent losses during the 2021 offseason.
This year, the NFL awarded 39 comp picks. The comp pick formula assigns picks to franchises who suffered the largest net losses, so teams that signed multiple free agents have a lesser chance of receiving picks.
This year’s formula also includes the changes made last year, when teams began receiving third-round comp picks due to the hiring of minority head coaches and general managers. Seven such picks were awarded this year. The 49ers landed two additional third-rounders this year, obtaining the extra selections for the Jets’ 2021 Robert Saleh hire and the Dolphins hiring Mike McDaniel this year. Miami’s McDaniel hire will give San Francisco another third-rounder in 2023.
The Chiefs obtained a third-rounder for the Bears’ Ryan Poles GM hire, while the Browns landed a third because of the Vikings’ Kwesi Adofo-Mensah GM hire. The Ravens collected their second third-round for the Texans’ 2021 David Culley hire; Culley has since been fired. The Saints and Rams obtained one apiece after seeing the Falcons and Lions hire minority execs Terry Fontenot and Brad Holmes as GMs in 2021. New Orleans and Detroit also landed thirds because of players given high-value contacts last year (Trey Hendrickson and Kenny Golladay, respectively).
Here is the full list of 2022 compensatory selections:
By round:
Round 3: Lions (No. 97 overall), Saints (98), Browns (99)*, Ravens (100)*, Saints (101)*, 49ers (102)*, Chiefs (103)*, Rams (104)*, 49ers (105)*
Round 4: Steelers (No. 138), Ravens (139), Packers (140), Ravens (141), Rams (142), Titans (143)
Round 5: Cowboys (No. 176), Lions (177), Cowboys (178), Colts (179)
Round 6: Rams (No. 211), Rams (212), Falcons (213), Chargers (214), Cardinals (215), Colts (216), Lions (217), Rams (218), Titans (219), 49ers (220), 49ers (221)
Round 7: Chargers (No. 254), Chargers (255), Cardinals (256), Cardinals (257), Packers (258), Chiefs (259), Chargers (260), Buccaneers (261), 49ers (262)
By team:
San Francisco 49ers (5)
Los Angeles Rams (5)
Los Angeles Chargers (4)
Arizona Cardinals (3)
Baltimore Ravens (3)
Detroit Lions (3)
Dallas Cowboys (2)
Green Bay Packers (2)
Indianapolis Colts (2)
Kansas City Chiefs (2)
New Orleans Saints (2)
Tennessee Titans (2)
Atlanta Falcons (1)
Cleveland Browns (1)
Pittsburgh Steelers (1)
Tampa Bay Buccaneers (1)
* = special compensatory selection
