Packers Not Certain To Retain CB Nate Hobbs?

Brian Gutekunst said earlier this offseason the Packers were likely to move forward with Nate Hobbs and fellow big-ticket 2025 signee Aaron Banks. The guard just saw his contract restructured, ensuring he will be back. Hobbs’ future may be murkier suddenly.

The Packers have not turned to the Hobbs deal for cap space, and ESPN.com’s Rob Demovsky notes rumblings about a quick separation have emerged. Green Bay gave the four-year Las Vegas cornerback a four-year, $48MM deal in free agency last year. The 2025 market was fruitful for a number of corners, Hobbs among them, but the ex-Raider did not end up making a big impact.

Packer contracts regularly include signing bonus money as the only guarantees, with roster bonuses also part of some such pacts — as was the case with 2024 free agency addition Josh Jacobs. As Adam La Rose’s Packers Offseason Outlook detailed, Hobbs is due a $6.25MM roster bonus on March 13. The Pack may be considering a quick departure to avoid being on the hook for that.

Hobbs’ only guarantees at signing came via his $16MM signing bonus. That represents the only locked-in money left on the deal, but $12MM in bonus prorations would bring dead money in the event Green Bay cuts bait before this roster bonus is due. If the Packers designate Hobbs as a post-June 1 release, they can save $8.84MM in 2026. Though, those funds would not be available until June. A standard release would tag the Pack with $12MM in dead money and just $838K in cap savings. Teams are allotted two post-June 1 designations each year.

The Packers benched Hobbs five games in and reduced his role. Formerly contributing as a slot and boundary corner in Vegas, Hobbs cleared 33% of the Packers’ defensive snaps just once after his Week 6 demotion. Hobbs underwent knee surgery in August, affecting his preparation for his fifth season. Not debuting until Week 2, Hobbs later missed five more games due to knee trouble and finished the season on IR.

NFL Restructures: Singletary, Stingley, Packers, Banks, Bills, Browns, Jaguars

Teams need to move under the $301.2MM salary ceiling by 3pm CT Wednesday, and many will be completing restructures to create funds ahead of Monday’s legal tampering period. Here are the latest moves clubs have made to clear cap space:

Packers, OL Sean Rhyan Agree To Three-Year Deal

The Packers have agreed to a three-year extension with offensive lineman Sean Rhyan, as Ian Rapoport and Tom Pelissero of the NFL Network were first to report. The deal is worth $33MM and can max out at $39MM. ESPN’s Adam Schefter reports that Rhyan will get an $11MM signing bonus.

The Packers selected Rhyan in the third round of the 2022 draft, and after appearing in just one special teams snap in his rookie season, he saw action in 12 games in 2023. Almost all of that work came at right guard, and in 2024, Rhyan became the full-time starter at RG.

In the eyes of Pro Football Focus, Rhyan performed adequately in 2024. His overall PFF grade of 62.0 was roughly league-average, but he lost his grip on the starting job after the first few games of the 2025 slate. 2024 first-rounder Jordan Morgan displaced him, and as ESPN’s Rob Demovsky observes, Rhyan appeared unlikely to remain in Green Bay as of the midway point of last season.

But in Week 10, starting center Elgton Jenkins sustained a lower leg fracture, and Rhyan was thrust into the pivot for the remainder of the season. His overall PFF mark for his 2025 efforts (59.0) was below average, and his 38.5 pass-block grade was abysmal. However, GM Brian Gutekunst viewed the situation differently, saying at this year’s scouting combine that Rhyan played the center position at a “very high level” once he got his feet wet (via Matt Schneidman of The Athletic). 

Gutekunst backed up his comments with this deal, which makes Rhyan one of the league’s highest-paid centers despite just nine career starts at the position. The move also means that Jenkins will be released or traded, as Demovsky and Schneidman note (ESPN’s Jeremy Fowler had previously mentioned Jenkins as a trade candidate).

Morgan, who played at left tackle in college, did not keep the right guard gig for very long, as Anthony Belton took over there in Week 13. Nonetheless, with Rasheed Walker likely to depart in free agency, Morgan is in line to move back to the blindside for his pivotal third year in the pros. 

From left to right, the Packers’ starting OL at the moment appears to be comprised of Morgan, Aaron Banks, Rhyan, Belton, and Zach Tom.

Colts WR Alec Pierce, Packers WR Romeo Doubs Drawing Extensive Interest; Pierce Prefers To Stay In Indy

Since the Colts have placed the transition tag on QB Daniel Jones, the only way they can keep WR Alec Pierce from speaking to interested teams when the legal tampering period opens tomorrow is by agreeing to terms on a new contract. ESPN’s Jeremy Fowler expects negotiations between Pierce and Indianapolis to go down to the wire, and there are a number of clubs waiting to pounce if a deal is not consummated.

Fowler names the Patriots, Commanders, Raiders, and Titans as teams that are in the mix for Pierce. New England’s interest was noted previously, and with the club set to make Stefon Diggs a one-and-done in Foxborough, it makes sense that it wants to bring in another weapon for third-year QB (and 2025 MVP runner-up) Drake Maye.

After advancing to the NFC Championship Game in Jayden Daniels’ rookie year in 2024, the Commanders limped to a 5-12 mark last season. That was due in large part to Daniels’ health woes, which limited him to just seven games, but Washington could stand to bolster its contingent of pass-catchers. Beyond WR1 Terry McLaurin, the club has Luke McCaffrey, Treylon Burks, and 2025 fourth-rounder Jaylin Lane under contract for 2026.

That trio combined for 558 receiving yards and four TDs last year, so a player with Pierce’s abilities would be a welcome addition. Fowler hears this free agency period could be an especially active one for the Commanders, who have roughly $90MM in cap space and who are looking to capitalize on Daniels’ rookie-contract window. In addition to wide receiver, Washington is interested in upgrading at running back, cornerback, edge rusher, and possibly tight end. Fowler names the team as a “sleeper” for Tampa Bay’s Mike Evans, whom the Buccaneers are actively trying to re-sign.

The Raiders will release veteran signal-caller Geno Smith and are poised to select QB Fernando Mendoza with the No. 1 pick in the draft. Even though Las Vegas reportedly prefers to keep Mendoza on the bench for at least the early stages of his rookie campaign, adding weapons for him will be a key goal. According to Fowler, the Raiders are also interested in Rashid Shaheed, who has a big fan in new head coach Klint Kubiak (Kubiak, of course, has worked with Shaheed in both New Orleans and Seattle). Fowler cautions that the Raiders’ bigger need is the offensive line, but the club has plenty of spending power with over $120MM in cap room.

Like the other teams mentioned in connection with Pierce, the Titans are looking to add receiving help for a young quarterback. Tennessee is hoping Cam Ward, the No. 1 overall pick of the 2025 draft, will progress quickly under the tutelage of new offensive coordinator Brian Daboll, and acquiring proven pass-catchers will be key in achieving that goal (particularly with Calvin Ridley on the chopping block). The team has been connected to the Giants’ Wan’Dale Robinson as well.

Pierce is a big-play threat who has led the NFL in yards-per-catch in each of the past two seasons. However, some evaluators believe the PackersRomeo Doubs is the most well-rounded receiver eligible for free agency this year, and in addition to Pierce’s market, the Patriots, Commanders, and Titans are closely monitoring Doubs’ situation. 

The 49ers are looking at Doubs as well, per Fowler. The four-year Packer, who is also expected to draw interest from the Bills, has three 600-plus-yard seasons on his resume, including a career-high 724 (on 13.2 yards per catch) in 2025. San Francisco could lose Jauan Jennings to the open market and is set to move on from Brandon Aiyuk, making wide receiver an obvious area of need. Green Bay, though, has not ruled out a Doubs re-up; GM Brian Gutekunst said at this year’s scouting combine that he would love to see the Nevada product return (via Myles Simmons of Pro Football Talk).

Fowler confirms Pierce, who has a close relationship with Jones, would prefer to stay with the Colts. That said, the Cincinnati product is in line for a deal paying him at least $27MM per year, and if Indianapolis does not pony up that kind of cash, it may not be able to keep Pierce in the fold.

Packers Trade DT Colby Wooden For Colts LB Zaire Franklin

The Packers and Colts continue a busy weekend ahead of free agency as the two teams have reportedly come to an agreement to trade Green Bay defensive tackle Colby Wooden for Indianapolis linebacker Zaire Franklin, per Ian Rapoport of NFL Network. No picks were needed to facilitate what is simply a player for player deal that results in both teams filling a position of need.

The motivation for the Packers is clear here. Given that off-ball linebackers are grouped into the same fifth-year option calculation as outside linebackers, first-round linebackers hardly ever see their fifth-year options picked up. This was the case with Packers’ 2022 first-round pick Quay Walker, who is bound for free agency after four years in Green Bay. The Packers evaluated well when they landed linebacker Edgerrin Cooper in the second round two years ago, but in a base 3-4 defense, they need a second solid starter at inside backer.

The Packers did not intend to let Walker go quietly. According to Tom Pelissero of NFL Network, the team made several runs in an attempt to re-sign him before free agency. The acquisition of Franklin all but guarantees that Walker is bound for the open market, though, and he’s expected to make a bit of a splash there whenever he does.

Franklin was a late bloomer for the Colts, joining the team as a seventh-round pick out of Syracuse in 2018 and not establishing himself as a full-time starter until his fifth year with the team. In his first three years in Indy, Franklin spent most of his time on special teams, though he did rotate in on defense occasionally and fill in as a spot starter. Despite his humble contributions to the stat sheet, Franklin made his presence felt in the building. An organizational favorite, he was named a team captain in his third year with the team. His reputation throughout the building in those first three years likely made him stand out in the mind of then-defensive backs coach Jonathan Gannon. Now Green Bay’s new defensive coordinator, Gannon may have had a preference on who would replace Walker.

In 2021, Franklin started to see a bit more playing time while still playing second fiddle to All-Pro Shaquille Leonard and Bobby Okereke. By 2022, though, Leonard was extremely limited from offseason back surgery, and Franklin got his first opportunity to work as a full-time starter in the NFL. He made that opportunity count as he led the team in total tackles (167) and tackles for loss (12, career high).

After finishing fourth in the NFL in total tackles in his first year as a starter, Franklin finished second in league in 2023 with 179 tackles (a career high) and finally led the league in 2024 with 173. His efforts as the league-leading tackler landed him second-team All-Pro honors as he supplemented the eye-popping stat with 11 tackles for loss, a career-high 3.5 sacks, two interceptions, six passes defensed, and five forced fumbles. His numbers dropped off a bit in 2025, but even in a down statistical year, Franklin led the team in total tackles (125), adding seven tackles for loss, two sacks, and five passes defensed.

Even before he got his opportunity as a full-time starter, the Colts showed their faith in Franklin by re-signing him on a three-year, $12MM contract to keep him from free agency after his rookie contract expired. After seeing Franklin in his role as a starter for two years, the team avoided letting him play on a contract year, agreeing to extend him on a three-year, $31.26MM deal. That extended deal still has two years remaining on it. With a $6.24MM base salary and a per game active roster bonus that could total $765K for the season, he represents a $7MM cap hit for his new team in 2026. That $7MM will come off the books in Indianapolis as the team looks to create some cap space with intentions to try and hold on to pending free agents Daniel Jones and Alec Pierce, but they’ll need to add back to the linebacking corps at some point after losing Franklin.

Wooden has also been a bit of a late bloomer as he enters the final year of his rookie contract. A fourth-round pick out of Auburn in 2023, Wooden played a rotational role in his first two years with the team, appearing in 30 games over that time and not logging his first start until Week 12 of his sophomore campaign. In limited time, he was still able to make a decent impact, totaling 37 tackles, three tackles for loss, four quarterback hits, a half sack, and two batted passes. He became a full-time starter of Year 3 in Green Bay, only coming off the bench in the team’s regular season finale.

With veteran defensive tackle Neville Gallimore set to become a free agent, Wooden comes in to add some depth and starting experience to the line. USA Today’s Ryan Wood notes that Wooden was Green Bay’s best run defender on the interior line, but that doesn’t speak to much as Pro Football Focus (subscription required) still graded Wooden’s run defense quite a bit below average. Still, Wooden’s first season as a starter was generally perceived as solid, and he’s sure to continue improving as he gets more game time under his belt.

In Green Bay, Wooden’s departure means a lost starter along the defensive line, and that could be exacerbated as the team still doesn’t appear to be in a great position with outside linebacker Rashan Gary. Labeled a likely cut candidate, it seemed as though Gary’s time with the Packers had run out with a viral social media post on Gary’s account yesterday, but claims of an Instagram hack disputed the release of the veteran defender. It’s still believed, though, that Gary could be traded or released, per Rapoport. If that does happen, the Packers could be searching for pass rushing help on both the edge and the interior line.

In the end, each team scratches the other’s back a bit in this deal. The Colts are giving the Packers a capable, former All-Pro starter to replace what they’re losing at inside linebacker, and the Packers are taking some of the salary cap burden off the Colts shoulders and supplying them with some depth and starting experience along the defensive line. Both teams are far from being done making moves, but their opening action here in the leadup to free agency gives us a glimpse at their overall goals for the offseason.

Packers To Move On From Rashan Gary?

1:17pm: We look to have an Instagram hacking situation here. That is the case, per Demovsky. Gary has not been informed he is being released or traded yet, ESPN’s Adam Schefter tweets.

12:48pm: Rashan Gary‘s Packers tenure looks set to end after seven seasons. The veteran edge rusher announced (via NFL.com’s Tom Pelissero) his time with the team will wrap soon.

Tied to a four-year, $96MM extension, Gary had played out the guaranteed portion of his contract — one that ran through the 2027 season. Gary was due an $18MM base salary in 2026. The Packers could designate the OLB as a post-June 1 cut, but they cannot do so until March 11.

It is not known if Gary will be traded or released, according to The Athletic’s Matt Schneidman. But it certainly appears the 2019 first-round pick has been informed he’s done in Green Bay. Gary has since deleted this post (h/t ESPN’s Rob Demovsky), injecting confusion into the proceedings.

Gary, 28, had been the subject of trade talks (per Pelissero) recently. The Packers would save $10.78MM with a standard release, which could take place today. They would, however, pick up $19.5MM in 2026 cap space with a post-June 1 designation. Teams are allowed two of those annually.

Gary’s production has not aligned with his $24MM-per-year pact, and the Packers could be searching for a new Micah Parsons bookend soon. Though, the team has 2023 first-rounder Lukas Van Ness — a player who has not lived up to his draft billing — as an option for 2026. Van Ness has started just two career games.

Packers Restructure S Xavier McKinney’s Contract

The Packers are among the teams which entered Thursday with work to do to become cap compliant. Green Bay has opted for a restructure as an easy way to free up 2026 space.

The team has restructured safety Xavier McKinney‘s contract, ESPN’s Jeremy Fowler reports. McKinney was due to count $19.09MM against the cap next season, but that will no longer be the case. As Fowler notes, both his base salary ($4.25MM) and pending roster bonus ($8.5MM) are set to be converted into a signing bonus.

A simple conversion only affecting McKinney’s salary would have generated nearly $6MM in savings; that figure would have been sufficient to get the Packers out of the red in terms of cap space. Converting his roster bonus will create even more in the way of additional funds, though, and Fowler notes McKinney’s cap hit for 2026 should drop to below $10MM as a result of today’s move. More cost-cutting will no doubt be coming from Green Bay.

The Packers could free up more cap space by releasing the likes of offensive lineman Elgton Jenkins and edge rusher Rashan Gary. Over the coming days, the status of those two veterans will be worth watching closely as general manager Brian Gutekunst and Co. prepare for the new league year. In any event, McKinney will of course be in Green Bay’s plans for the foreseeable future.

The former Giant took a big-ticket deal in free agency during the 2024 offseason. McKinney thrived during his debut Green Bay campaign, notching eight interceptions en route to first-team All-Pro honors. The 27-year-old remained a full-time starter for the Packers this past season, posting double-digit pass deflections for the third year in a row. McKinney’s contract runs through 2027, a season in which an inflated cap figure will be in store unless void years are added or an extension is eventually agreed to.

2026 NFL Top 50 Free Agents

While this year did not bring a record-setting salary cap spike, a $20MM-plus bump occurred for the third straight offseason and fourth over the past five years. We continue to see year-to-year leaps that dwarf what the 2011 CBA brought.

Now that the franchise tag application deadline has passed, a clearer picture of the 2026 free agent market emerges. The aim for PFR’s top 50 remains contract-based, but as our Offseason Outlook series has illustrated, numerous deals carrying creative vesting structures have seen players secure favorable guarantees without the full amounts being locked in up front. So, this year’s list leans a bit more toward total guarantees as opposed to upfront security.

Although players like Travis Kelce and Aaron Rodgers are bound for the Hall of Fame, they will not appear here. Big names are still present within this value-based collection, however. Players who could be released at the start of the 2026 league year – as likely post-June 1 cuts – or soon after are not included, only those out of contract for the ’26 season appear below. Teams have until 11am CT March 9, when the legal tampering period begins, to keep free agents-to-be off the market.

In Year 34 of full-fledged NFL free agency, here are the top options for teams to target once the legal tampering period starts:

1. Tyler Linderbaum, C. Age in Week 1: 26

The fifth-year option not being truly position-based affects a few of this year’s free agents, none more so than Linderbaum. Because all offensive linemen are grouped together under the tag formula, centers are almost never tagged. Few guards are. Linderbaum has presented the best case for a center tag in many years, and he is days away from bridging the gap that exists between the two interior offensive line positions.

There are seven guards earning $20MM per year, yet Creed Humphrey’s $18MM-AAV contract tops the center market. Only two centers (Humphrey and Cam Jurgens) earn more than $12MM – now that Drew Dalman surprisingly elected to retire and the Titans have cut Lloyd Cushenberry. Linderbaum will almost definitely become the NFL’s first $20MM-per-year center, and this free agency could remind of when Antoine Winfield Jr.’s 2024 Bucs extension briefly dragged the safety market past cornerback.

Baltimore has offered Linderbaum a market-topping deal, and after the Combine, the 2022 first-round pick likely knows his price range. The Ravens only have a few days left before ceding exclusive negotiating rights and losing the best center in team history.

The Ravens have seen four center Pro Bowl seasons in their 30-year history; Linderbaum has three of them (Jeremy Zuttah received the other). The Iowa alum has anchored the Ravens’ interior O-line, as the team continues to see guards come and go. Losing him would be significant for the AFC North franchise.

ESPN’s pass block win rate metric ranked Linderbaum fourth among all interior O-lineman last season; he ranked 13th in 2024. Pro Football Focus, conversely, has graded Linderbaum as a far superior run blocker. The agile lineman has certainly made a considerable difference for a run-reliant offense. The Ravens were able to keep Ronnie Stanley from testing free agency at the last minute in 2025, though the longtime LT was seeking a third contract. Will they do the same with Linderbaum?

Humphrey’s Chiefs deal includes just more than $50MM guaranteed in total. Tyler Smith’s $81.26MM number tops the guard market. I would expect Linderbaum’s guarantee to land closer to the Cowboys guard than the Chiefs center.

Corey Linsley set a center AAV record as a 2021 free agent; Linderbaum should blow the current mark out of the water. Citing cap inflation, Adam La Rose’s most recent PFR mailbag pegged a price around $21MM per year as realistic. In the event of a widespread bidding war, something close to Smith’s $24MM AAV could even be required to close this deal. With Humphrey, Jurgens and Frank Ragnow before them not testing the market when they signed big-ticket deals, future center extension aspirants may owe a debt of gratitude to Linderbaum moving forward

2. Alec Pierce, WR. Age in Week 1: 26

Like the changing of the guard the Colts observed when Michael Pittman Jr. usurped T.Y. Hilton in the wideout pecking order, Pierce made his case as Indianapolis’ WR1 in 2025. The former second-round pick ripped off his first 1,000-yard season despite the Colts splitting their final five games between Riley Leonard and a 44-year-old Philip Rivers at quarterback. Pierce paced the NFL in yards per reception for a second straight season, posting a 21.3-yard average a year after managing (somehow) a 22.3-yard number and 824 total with Anthony Richardson targeting him.

Richardson completed fewer than 48% of his passes that season, one of the least accurate starter slates this century, but Pierce (824 yards in 2024) continued his ascent from the Matt Ryan/Gardner Minshew years. He hit another gear in 2025 (1,003 yards in 15 games) and will benefit soon – from either a Colts re-signing or a big-ticket free agency deal. With George Pickens franchise-tagged, Pierce tops this year’s receiver market.

That is an interesting distinction for a player who has never caught more than 47 passes in a season. Pierce is maybe more high-end No. 2 than true No. 1, but this is typically the type of player who cashes in on the market. As Daniel Jones is the best quarterback Pierce has played with (with Ryan at the end by his Indianapolis stint), teams undoubtedly see growth potential in the deep threat.

Fifteen receivers are tied to $50MM guarantees; not counting Travis Hunter’s rookie deal, another six secured at least $40MM in total guarantees. Every player among that contingent caught at least 58 passes in a season before signing his second contract (11 recorded at least one 90-reception season). Of that group, all but two (Jameson Williams and Jerry Jeudy) had posted 70-catch seasons. Williams $66.13MM guaranteed without the benefit of free agency, while Eagles WR2 DeVonta Smith is at $69.99MM. Both may be better than Pierce, but the open market awaits.

Pierce’s Devery Henderson-like profile differs, making him an unusual player with regards to this WR salary bracket. But he will be able to infiltrate it soon. It will be interesting to see if the team that signs Pierce will call on him to be its lead wideout – the expected salary would make that likely – or cast him as a high-end complementary cog. The former second-round pick will soon be an outlier when it comes to reception volume among upper-crust WR earners.

3. Jaelan Phillips, EDGE. Age in Week 1: 27

This year brings a deep crop of free agent edge rushers. With this being a premium position, questions surround the lot of prime-years players available. Phillips is coming off a bounce-back season, once under-the-hood numbers are considered, and will garner considerable free agency attention. The Eagles were able to keep breakthrough linebacker Zack Baun from testing the market last year, but they are running out of time with Phillips.

Philly sent Miami a third-round pick for the rental rusher, and while he only finished his comeback season with five sacks, the 2021 first-rounder’s 35 QB pressures ranked 12th leaguewide. His pressure rate (18.8% — far north of Trey Hendrickson or Odafe Oweh’s 2025 numbers) ranked fourth among players with at least 250 defensive snaps.

Finishing a season healthy did maybe as much for Phillips’ stock, after he went down with Achilles (2023) and ACL (2024) tears. Phillips’ injury past stretches back to college, when he briefly retired from the sport after a concussion and other maladies (including some from a moped accident). A transfer to Miami, however, reenergized him.

The former five-star recruit landed on the first-round radar with the Hurricanes and showed plus form with the Dolphins, combining for 15.5 sacks over his first two seasons. Year 2 included a career-high 25 QB hits. The 6-foot-5 EDGE was on his way to a career-best season in 2023, tallying 6.5 sacks and seven tackles for loss in eight games. A Black Friday Achilles tear stalled his momentum, and a September 2024 ACL tear continued the midcareer misery.

Josh Sweat did not carry injury concerns and received “only” $41MM guaranteed in total from the Cardinals. That topped last year’s EDGE market, where Chase Young – who did carry major injury concerns – received $33MM guaranteed. Phillips hovers between these two in age, but his extensive injury past may place a cap on this market.

But with the NFL’s salary ceiling rising yet again, it would be hard to see this market settling south of $20MM per year. Last year, the Chiefs and Bills agreed to extensions (with George Karlaftis and Greg Rousseau, respectively) that included $64.8MM and $54MM in total guarantees. Phillips’ camp, representing a player who matches that duo with zero Pro Bowls, can aim for that range next week.

4. Trey Hendrickson, EDGE. Age in Week 1: 31

Among this market’s prime pass rushers, Hendrickson’s resume laps his peers. The Bengals sack ace finished back-to-back seasons with 17.5 sacks and has two more campaigns (2020, 2021) with at least 13. Hendrickson recorded at least 24 QB hits from 2020-24, topping out at 36 in managing to finish as Defensive Player of the Year runner-up on a bad 2024 Cincinnati defense. The Bengals appear set to lose their five-year defensive end cornerstone; this was preventable, but the team’s antiquated stand against post-Year 1 salary guarantees prevented an extension from being completed in 2025.

The Bengals offered Hendrickson a backloaded extension – three years, $95MM – last year but saw the disgruntled D-end reject it due to insufficient guarantee protection beyond Year 1. The Steelers’ T.J. Watt extension included full guarantees for the 2026 and ’27 seasons. Watt is more accomplished than Hendrickson, but he is also 31 and had tallied fewer sacks between the 2023 and ’24 seasons. The Bengals’ offer also trailed the Texans’ Danielle Hunter AAV of $35.6MM despite the latter being the same age with a similar resume.

Hendrickson agreed to a one-year, $21MM extension in 2023 in fear the Bengals would use the franchise tag on him in 2025. With the Tee Higgins saga lasting past that point, Hendrickson miscalculated that. He now resides in a similar situation to Haason Reddick.

Also starting slowly, Reddick joined Hendrickson as a 2017 draftee who broke through in a 2020 contract year. Both players signed $15MM-per-year deals – Hendrickson in 2021, Reddick in 2022 – they outplayed. Age became an issue for Reddick, whose 2024 holdout backfired, and it is worth wondering how much it will impact Hendrickson’s free agency.

Last year represented a clear window for Hendrickson to cash in – at 30 and coming off the two straight top-level pass-rushing seasons – but he was negotiating with a difficult adversary. And he underwent season-ending core muscle surgery after a seven-game campaign. That will dock Hendrickson’s stock, but by how much?

From 2016-25, there have been 79 10-sack seasons from players aged 27-30. In that span, only 17 such seasons exist from players aged 31-34. These are the years a Hendrickson suitor is acquiring. Among pure EDGE players, that age-31-34 sack number plummets to 11. Hendrickson should do well next week, but the decision to sign that Bengals extension in 2023 could cost him thanks to an injury-shortened 2025.

5. Rasheed Walker, T. Age in Week 1: 26

When the Rams and Ravens respectively took Alaric Jackson and Ronnie Stanley off last year’s market, Dan Moore Jr. benefited. A much-criticized Steelers tackle on his rookie contract, Moore became the NFL’s seventh-highest-paid left tackle at the time of signing. His four-year, $82MM deal – one that outflanked Jackson and Stanley’s pre-free-agency deals and Dion Dawkins and Garett Bolles’ 2024 extensions – represents a good guide for Walker, who received better reviews on his Packers rookie pact.

The Packers turned to Walker, a 2022 seventh-round pick, as their David Bakhtiari fallback option and saw him far outplay his draft position. Walker started 48 games from 2023-25, fending off first-round pick Jordan Morgan for the Green Bay LT gig. Morgan is poised to commandeer it (by default, as Broderick Jones did in Pittsburgh post-Moore), but Walker will cash in elsewhere.

Walker ranked 11th in pass block win rate last season and 14th in 2024. PFF was a bit less bullish due largely to the Penn State product’s run blocking. The advanced metrics site never ranked Walker higher than 40th overall among tackles. Similar skepticism did not derail Moore, and Walker will almost definitely do better than the $50MM guarantee Moore received from the Titans.

Seven LTs are on contracts that include at least $50MM in total guarantees. Not counting Will Campbell’s rookie deal, four more secured at least $40MM guaranteed. It would be stunning if Walker did not land at least $40MM guaranteed. Considering how rare it is that early-prime LTs hit the market – like the Steelers, the Packers used a first-round pick on a blindside successor (Morgan) – the former No. 249 overall pick will be one of this year’s FA winners.

6. John Franklin-Myers, DL. Age in Week 1: 30

The Broncos extended six players between late July and their bye week. After paying top-priority talents Courtland Sutton, Zach Allen and Nik Bonitto in camp, Denver turned to three other regulars – center Luke Wattenberg, defensive tackle Malcolm Roach and kicker Wil Lutz – during its bye. Franklin-Myers did not expect a new deal and has likely known what is about to happen on the market.

Although Franklin-Myers is approaching an age-30 season, the runway is clear for him to cash in. He is the best interior D-line option on this market – probably by a wide margin. After last year produced Milton Williams and other attractive interior D-line options, no one is rivaling Franklin-Myers – as of now, at least – in terms of unattached inside pass rushers.

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Minor NFL Transactions: 3/4/26

Minor NFL transactions are picking back up as we near the start of free agency with teams trying to secure any pending free agents before they hit the open market:

Green Bay Packers

Jacksonville Jaguars

Los Angeles Chargers

Miami Dolphins

Tampa Bay Buccaneers

Brooks served as a third rushing option in Green Bay this year behind Josh Jacobs and Emanuel Wilson while MarShawn Lloyd sat on injured reserve all season. It was thought that, if Lloyd had been activated off IR, one of Wilson or Brooks would’ve been the odd man out. Though Wilson got significantly more usage (125 carries for 496 rushing yards and three touchdowns) than Brooks (27 carries for 106 yards) this season, Wilson was not tendered as a restricted free agent, and Brooks agreed to a two-year deal to stay in Green Bay.

Known more for his contributions as a blocker and special teamer, Morris has made a place for himself on the roster in Duval. He appeared in 14 games for Jacksonville last year, earning five starts.

Dixon’s two-year contract had a potential out with which, if they had decided not to retain him, his release wouldn’t have created any dead cap money. The team has opted not to go that route, extending his time with the team to the full duration of the contract.

Bills Notes: McGovern, Knox, Shaheed

Then coming off his first full season as a starter, former Cowboys guard Connor McGovern joined the Bills on a three-year, $23MM free agent contract in March 2023. McGovern has since played out the deal, mostly at center, and is now a week away from returning to free agency. Although McGovern told Tim Graham of The Athletic he wants to stay in Buffalo, he believes his time with the team is up.

“They haven’t contacted me once,” McGovern said. “In my gut, that says it’s over and done.”

While unheralded at the time, the McGovern signing counts among the shrewdest moves Brandon Beane has made in free agency during his nine years as the Bills’ general manager. McGovern started in all 17 games at left guard in the first year of his contract. After the Bills released Mitch Morse in March 2024, they shifted McGovern to center.

McGovern made a seamless transition to the pivot, where he started in all 32 appearances the past two years. As Graham notes, McGovern’s only absences came when the Bills rested him in meaningless Week 18 games.

McGovern played through hand and triceps injuries last season, but Pro Football Focus still ranked him ninth among 37 qualifying centers. The 28-year-old tied for a more impressive third place among interior linemen in pass block win rate (97%). He finished alongside another pending free agent, the Ravens’ Tyler Linderbaum, in that category. Linderbaum is the No. 1 center set to hit the market. McGovern would be the top potential consolation prize at the position for teams that lose out on Linderbaum.

It’s unclear how the Bills plan to proceed if McGovern exits. They are also facing the loss of starting left guard David Edwards, a pending free agent who may do even better than McGovern on his next contract. Sedrick Van Pran-Granger, Alec Anderson and Tylan Grable are among interior O-line options under contract. Cade Mays, Tyler Biadasz, Ethan Pocic, Lloyd Cushenberry and Sean Rhyan represent some experienced centers Buffalo could look into at less expensive costs than McGovern and Linderbaum in free agency.

As is the case with McGovern, there is uncertainty regarding tight end Dawson Knox‘s future. The seven-year veteran and career-long Bill is still under contract for next season. However, with the Bills around $8.28MM in the red, Beane recently indicated a desire to lower Knox’s untenable $17.87MM cap number (via Sal Capaccio of WGR 550).

“He has a tough number as we go into the season, so we’ve gotta figure that out, as we do,” Beane said. “Dawson and I had dialogue. The day after the season, the day after we lost in Denver, he came up to my office. We talked for a while. I have a good relationship with Chase Callahan, his agent. Done a lot of deals, and so I think it just starts with trust, communication, and honest conversation. And so we’ve had some dialogue.”

If the Bills and Knox do not agree to a reworked contract, releasing the 29-year-old before March 15 would save $10.46MM in space. The Bills would take on $7.4MM in dead money at the same time. A post-June 1 cut would free up $11.3MM in savings for the Bills, who would carry dead cap over two seasons ($6.57MM in ’26, $2.34MM in ’27).

Knox has not revisited his 49-catch, 517-yard, nine-touchdown heights from 2021, but he has remained an important cog in a high-end offense. In his first 17-game season in 2025, the former third-rounder’s 57.7% snap share led a solid tight end group that also saw Dalton Kincaid and blocking maven Jackson Hawes log significant action. Knox caught 36 of 49 targets for 417 yards and four scores.

Whether or not Knox sticks in Buffalo in 2026, the team figures to address its receiving corps this offseason. Buccaneers pending free agent Mike Evans is one rumored possibility. Multiple league executives have also connected Packers wideout Romeo Doubs and Seahawks receiver Rashid Shaheed to the Bills, Jeremy Fowler of ESPN reports.

Doubs and Shaheed are not No. 1-caliber options, but they should do well in a thin class of free agent receivers. The speedy Shaheed was on the Bills’ radar before last November’s trade deadline, but the Saints wound up sending him to Seattle for a 2026 fourth- and fifth-rounder. Over 12 games with the Super Bowl champions (including playoffs), Shaheed picked up just 18 catches for 266 yards and no touchdowns. The 27-year-old made a greater impact on special teams, where he combined for three kick and punt return scores.

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