Indianapolis Colts News & Rumors

Colts To Re-Sign CB Kenny Moore

Chris Ballard has shown a steady track record of retaining homegrown players. This now extends to third contracts. After retaining Grover Stewart, the eighth-year Colts GM has struck a deal with Kenny Moore.

The veteran slot cornerback is re-signing with the Colts, with ESPN’s Adam Schefter reporting a three-year, $30MM deal is coming Moore’s way. This will be a record-setting deal for a pure slot corner, at $10MM per year. Moore has been one of the NFL’s top slot players in recent years. After angling for a raise, the former UDFA will end up receiving it in free agency. KPRC2’s Aaron Wilson reported the sides were talks earlier this afternoon.

Coming off his Pro Bowl nod, Moore pushed for a new contract in 2022. With two years remaining on the inside cover man’s previous deal, the Colts did not come off their stance. No known talks transpired in 2023, and Moore played out his contract. Despite the slot market having stalled out and Moore going into his age-29 season, he still looks to have done well. Of course, the guarantees here will better illustrate that.

The Colts gave Moore a four-year, $33MM deal following his second season, paying him in 2019 due to the CBA allowing undrafted players to re-sign a year early. Like Stewart, Moore rewarded the Colts on this contract; both players brought in during Ballard’s first offseason as GM will be kept on contracts that run into their 30s. Corners in their 30s bring more volatility compared to DTs in the back halves of their careers, but Moore has been Indy’s top cornerback for several years.

Indianapolis ranked third in defensive DVOA in the slot compared to 25th in outside coverage. At 5-foot-9, Moore has made his bones in the slot. Moore’s 13 INTs from the slot position are five more than any other player since 2017 (h/t ESPN’s Ed Werder).

Although this market has dried up in the years since Chris Harris‘ Broncos deal came off the books back in 2020, the Colts are making Moore another commitment. With the team facing big questions at its boundary corner positions — after a year that brought the Stephon Gilmore trade and Isaiah Rodgers gambling ban — Moore will be back to anchor the CB group.

Colts To Re-Sign P Rigoberto Sanchez

Rigoberto Sanchez has spent his entire career with the Colts, and that is set to continue in 2024 and beyond. Indianapolis is finalizing a new deal with the veteran punter, Mike Garafolo of NFL Network reports.

Sanchez will remain in place on a three-year deal, Joel A. Erickson of the Indy Star adds. The 29-year-old played out a four-year, $11.6MM deal signed in 2019. Instead of testing the market for outside suitors, he will continue in Indianapolis on a deal which Fox59’s Mike Chappell notes is worth $7.5MM.

Sanchez has been a mainstay for the Colts since the 2017 campaign, appearing in 96 games over his seven-year career. After missing the entire 2022 campaign with an Achilles injury, he bounced back and appeared in all 17 games in 2023. He actually set a new career high with 48.3 yards per punt this past year, and he was the only punter in the NFL to not record a touchback.

The 29-year-old watched the punter market unfold over the past 24 hours, as Cameron Johnston and Tommy Townsend joined new squads. Instead of switching cities, Sanchez will be sticking in Indy for the foreseeable future.

Colts To Re-Sign DT Grover Stewart, DE Tyquan Lewis

Two key pieces of the Colts’ defense will remain in place for 2024 and beyond. Defensive tackle Grover Stewart is re-signing on a three-year, $39MM deal, ESPN’s Adam Schefter reports. Meanwhile, defensive end Tyquan Lewis has re-upped on a new deal, as first reported by Ian Rapoport of NFL Network. The latter’s pact is two years in length, per Joel Erickson of the Indy Star.

Stewart’s $13MM-per-year accord will bring $25.73MM guaranteed, topping his previous Colts contract in that department. In terms of full guarantees, Stewart will see $17.99MM. Stewart’s 2025 salary ($7.74MM) becomes guaranteed on Day 3 of the 2025 league year, per the Indianapolis Star’s Joel Erickson, though the team guaranteed the DT’s 2025 roster bonus ($4MM) at signing. That provides a fairly good indication he will be with the Colts next year.

Stewart was one of the best defensive tackles set to reach the market in 2024. Especially with Chris Jones and Christian Wilkins landing monster deals of their own, the 30-year-old could have fared well on the open market. Instead, he will remain an integral part of the Colts’ D-line.

A durable inside presence, Stewart incurred a six-game PED suspension last year. The veteran’s absence showed against the run. Colts allowed 107.9 rushing yards per game with Stewart suited up; during his six-game ban, Indianapolis yielded 153 on the ground. The veteran DT also provided some support in the pass rush, totaling four sacks in 2022 and a career-high eight QB hits in his suspension-abbreviated slate.

Stewart will turn 31 later this year, limiting the length on his next contract. There was some belief that the former fourth-round pick could approach the three-year, $30.75MM extension he signed with the organization following his rookie contract. Stewart managed to top that pact in terms of total money, and he earned the same term.

Lewis was a second-round pick by the Colts in 2018, but he’s struggled to provide the upside the organization surely envisioned. The defensive lineman has started only 16 of his 65 regular season games, and he’s missed major chunks of games in four of his six professional seasons.

Fortunately for the player’s free agency fortunes, he had one of the most productive seasons of his career in 2023. Lewis got into all 17 games for Indy, finishing with career highs in tackles (25), tackles for loss (nine), QB hits (13), and sacks (four, tie).

Colts, WR Michael Pittman Jr. Finalizing Deal

Michael Pittman Jr.‘s immediate future was already assured given the Colts’ decision to place the franchise tag on him. The team’s top wideout could be in place well beyond 2024, however, as Ian Rapoport of NFL Network reports the sides are working on a long-term deal which could be finalized today.

[RELATED: Colts Extend Zaire Franklin]

Providing financial details on the agreement, Rapoport notes it will be a three-year deal with a base value of $70MM. $46MM of that total is guaranteed, and Pittman could earn up to $71.5MM. This accord will take the place of his $21.8MM franchise tag.

Pittman represented an obvious candidate for a new Colts deal given his importance to the team’s passing game. The 26-year-old saw his target share increase in each of his four seasons in the NFL, and that figure has comfortably reached triple-digits every year since 2021. He topped 1,000 receiving yards that year and again in 2023, but his number have pointed to good-not-great production in the eyes of many. Paying out a one-year tender (via the tag) at an average of the top-five receiver earners was thus seen as challenging for the team.

Instead, that situation has now been avoided with a multi-year pact, albeit one which will increase Pittman’s AAV. This new deal will bring an average of $23.3MM, a figure which ranks eighth in the league amongst wideouts and outpaces the value of the tag. The Colts are banking on continued development while also getting ahead of the next wave of WR deals. Ja’Marr Chase, Justin Jefferson and Brandon Aiyuk are among the up-and-coming producers at the position in line for monster extensions as early as this offseason. They could each move past Pittman on their respective accords.

Indianapolis has made multiple draft investments in recent years in a bid to find other cost-effective wideouts to complement Pittman. That effort has included using a second-round pick on Alec Pierce in 2022 and a third-rounder on Josh Downs last April. No pass-catcher has matched Pittman’s importance to the Colts’ offense, however, and the USC product will remain a focal point moving forward. He, along with quarterback Anthony Richardson and running back Jonathan Taylor will comprise the backbone of Indianapolis’ offense in 2024 and beyond.

The Colts will still have plenty of spending power for the offseason; this extension will likely lower Pittman’s 2024 cap number despite the AAV coming in at a higher rate than the franchise tag. More moves involving offensive playmakers could be coming, but the team’s top internal priority has now been taken care of.

Colts, LB Zaire Franklin Agree To Extension

Zaire Franklin was under contract for 2024, but he will remain in place for years to come on a new, lucrative Colts contract. Indianapolis has agreed to a three-year, $31.26MM extension with the veteran linebacker, ESPN’s Adam Schefter reports.

Franklin has been with the Colts since his rookie year in 2018, but his value to the team over that span has increased dramatically over the past two seasons in particular. The former seventh-rounder has taken on full-time starting duties over that span, becoming even more of a centerpiece when the decision was made to move on from Shaquille Leonard.

Between the 2022 and ’23 campaigns, Franklin has totaled 346 tackles, 4.5 sacks, 12 pass breakups and four forced fumbles. That production had him in line for a notable raise compared to the three-year, $12MM extension he inked in 2022. ESPN’s Stephen Holder confirms the 27-year-old was eyeing a new pact reflecting his value to the Colts’ defense. The team certainly agreed with that sentiment, and long-term security for both sides is now in place. The Syracuse alum will become one of only nine inside linebackers averaging over $10MM per year once this extension kicks in.

In spite of Franklin’s strong play last season, the Colts ranked 24th against the run with an average of 124 yards per game allowed on the ground. Improvement in the front seven will no doubt be a key priority for general manager Chris Ballard, who has other notable pending free agents to try and retain. Among those is defensive tackle Grover Stewart, who could be set to cash in on the continued upward movement of the position’s market on a deal with an outside team.

Frankin is due $2.8MM in salary with a cap hit of $3.36MM in 2024 under the terms of his previous pact. Adjusting the latter figure will now be an option but in any case, the Colts will have one of their top defensive playmakers in the fold for years to come. The team entered Monday with over $49MM in cap space, so plenty of financial flexibility remains for further moves.

Suitors Emerging For Chiefs’ L’Jarius Sneed

MARCH 10: Add the Dolphins to the list of Sneed interested parties. Miami is not in good cap shape and may well lose both Christian Wilkins and Robert Hunt in free agency. But with the team cutting Xavien Howard, cornerback help will be sought. The Dolphins are believed to have looked into the prospect of acquiring Sneed, ESPN.com’s Jeremy Fowler notes.

MARCH 6: As expected, the Chiefs were among the teams which applied the franchise tag before Tuesday’s deadline, keeping L’Jarius Sneed off the free agent market in the process. The standout corner is far from certain to remain in Kansas City, though, as a tag-and-trade maneuver is on the table.

Sneed has served as a full-time starter for nearly his entire Chiefs tenure (70 regular and postseason games), developing into a key member of the team’s vaunted secondary. The tag will cost $19.8MM in 2024, though, using up significant cap space on a team already needing a new deal for Chris Jones. The latter is the defending champions’ priority, and a re-up will not come cheaply. A long-term Sneed pact could also approach or reach the $20MM-per-year-mark his one-year tender is valued at.

Knowing Sneed could very well be on the trade block, Tyler Dragon of USA Today Sports reports seven teams have emerged as interested suitors. That list consists of the Vikings, Colts, Titans, Patriots, Lions, Falcons and Jaguars. Many of those teams are among those set to have the most spending power ahead of free agency and therefore the ones most capable of absorbing Sneed’s cap hit as it stands while working out a lucrative long-term deal.

Of course, teams like Minnesota, Indianapolis and Jacksonville could see sizable changes to their cap situations in the near future. The Vikings have two of the top pending free agents in Kirk Cousins and Danielle Hunter, and meeting the stated objective of retaining both will use up much of their cap space. The Colts and Jags, meanwhile, used the franchise tag on wideout Michael Pittman Jrand edge rusher Josh Allen yesterday; long-term deals with either could lower their 2024 cap figures and free up room for an aggressive Sneed pursuit.

The Falcons – presumed to be a strong Cousins suitor – will likely wait until their quarterback addition has been made before authorizing a costly move (in terms of draft capital and finances) like a Sneed acquisition. New England and Tennessee rank second and third in respective cap space as things stand, meaning those teams could outbid other suitors and immediately make a deal for the 27-year-old a priority. Detroit reportedly has cornerback at or near the top of the organization’s offseason to-do list, so a Sneed trade would come as little surprise.

With respect to compensation, Sports Illustrated’s Albert Breer predicts a second-round pick could be required to convince the Chiefs to green-light a trade. Losing an effective contributor will no doubt induce Kansas City to generate as many bidders as possible and land better draft capital than what a 2025 free agent departure would yield (a third-round compensatory pick the following year). With free agency one week away, it will be interesting to see how much of a market develops for Sneed if the Chiefs move forward with exploring a trade.

2024 Top 50 NFL Free Agents

With the franchise tag application deadline in the rearview mirror, we have a clearer picture of who will be available in free agency. Barring 11th-hour deals, starting quarterbacks and a future Hall of Fame defensive tackle will drive the class in the 32nd year of full-fledged free agency in the NFL.

In addition to the Kirk CousinsBaker MayfieldChris Jones trio, interior offensive linemen will cash in as part of this year’s crop. Last year’s tackle class was a bit deeper; this year, O-line dollars figure to be funneled inside.

The NFL’s legal tampering period, which gives players a window to speak with other teams and reach unofficial agreements, begins at 11am CT on March 11. The new league year opens two days later, though much of the frenzy will take place during the tampering period.

This list ranks free agents by earning potential, with guaranteed money serving as the general measuring stick. This is one of the great running back classes in free agency annals, but even though some of the RBs’ accomplishments far eclipse many of the players ranked above them, the position’s market has absorbed numerous hits. Older standouts, including potential Hall of Famers, not having the earning power they once did also factors into this equation.

Here is this year’s PFR top 50 free agents list, along with potential landing spots for each player.

1. Kirk Cousins, QB. Age in Week 1: 36

Cousins hitting free agency in his prime six years ago brought countless rumors about his value and future. Quarterback movement was less common then. Cousins made that foray count, scoring a landmark deal from the Vikings – a fully guaranteed three-year, $84MM pact. We are back here again because Cousins and the Vikings could not agree on a fourth extension, with the sides’ 2023 talks breaking down in part because Minnesota refused to provide guarantees into a third year. Cousins is coming off an Achilles tear, but given the need here, the 13th-year veteran is back atop a free agent value list.

Thanks to Cousins’ two-franchise tag path out of Washington in the late 2010s, the Vikings could not realistically tag their quarterback. No one has been tagged a third time since the 2006 CBA made doing so prohibitive. While the Vikings and Cousins have each expressed interest in a reunion, time is running out due to the structure of Cousins’ third Vikings contract. And a clear threat has emerged.

If Minnesota cannot re-sign Cousins before the start of the 2024 league year, $28.5MM in dead money will move onto the team’s 2024 cap sheet. Considering the dead cap awaiting and the Vikings holding the No. 11 overall draft slot, the team is in crunch time at quarterback. Minnesota will need to decide on perhaps one final contract with one of the NFL’s all-time financial mavens, and with Justin Jefferson interested in the team’s decision with the quarterback that helped him to a historic start, the NFC North club is navigating a layered process.

Never confused with a top-tier quarterback, Cousins has been in the league’s upper third for much of his career. The former Washington fourth-rounder had thrown 18 TD passes compared to five INTs before the Week 8 Achilles tear shut him down, finishing this productive stretch with Jefferson sidelined three games. QBR slotted Cousins seventh last season but rehabbing this injury in his mid-30s certainly will not make teams feel great about the offers required to win this derby. Still, this is the cost of doing business with above-average QBs.

Cousins has all of one Pro Bowl as a non-alternate, coming in 2022. Illustrating the value this position brings and Cousins having the upper hand on the Vikings in negotiations thanks to the fully guaranteed deal he landed in 2018, the Michigan State alum has made more than $231MM in his career. That number will almost definitely balloon past $300MM by 2025. Cousins has signed deals worth $28MM, $33MM and $35MM per year. Although Derek Carr scored a $37.5MM-AAV Saints pact and a practical guarantee of $70MM, Cousins’ consistency and financial shrewdness may still top that even near the end of his mid-30s.

Only Fran Tarkenton and Tommy Kramer have served as Vikings QB1s longer than Cousins, but Minnesota also must begin planning for the future. The team has seen Cousins and Jefferson form a dominant connection; Minnesota has also won just one playoff game since signing Cousins, failing to reach the postseason in three of his healthy years. If the Vikings pass and set their sights on the draft, who will make the payment?

Facing incomprehensible dead money due to the Russell Wilson extension going bust, the Broncos could certainly use Cousins as a bridge. Denver’s dead cap — $85MM over the next two years once Wilson is designated a post-June 1 cut — will make this signing difficult. The Broncos bowed out of the Cousins sweepstakes six years ago, signing Case Keenum; they may not have the resources to make a competitive bid now.

Cousins-to-Atlanta is producing enough smoke it is time to closely monitor this relocation; this reality would put Terry Fontenot’s skill-position draftees in better position to thrive, after Marcus Mariota and Desmond Ridder held them back. While Justin Fields odds pointed the Bears QB to Atlanta last week, it looks like the Falcons prefer a proving passing option. Hiring ex-Rams QBs coach Zac Robinson as OC, the Falcons appear the Vikings’ top threat if Cousins hits the tampering period unsigned.

Best fits: Falcons, Vikings, Broncos

2. Baker Mayfield, QB. Age in Week 1: 29

Were this an accomplishments-based ranking, Mayfield would not sniff this tier. Starting QBs in their primes get paid, as they rarely reach the market. Mayfield is not exactly a set-it-and-forget-it option, as this era has featured less QB patience than previous NFL periods. But he is being linked in the $35MM-per-year range. That marks a staggering transformation from 2023, when one team was willing to make the former No. 1 pick its starter favorite.

Mayfield turned down slightly more lucrative offers to vie against only Kyle Trask — after the Bucs passed on Will Levis, whom they brought in for a “30” visit — last year. The bet on a return to form in Dave Canales’ system paid off, though it is important to note how far the ex-Browns QB1 fell over the previous two seasons. Rumblings of a franchise-level extension — in the $30MM-plus-AAV range, when that number meant more — surrounded Mayfield’s 2021 offseason, which followed the ’20 Browns nearly upsetting the Chiefs in the divisional round. That remains Cleveland’s lone Round 2 playoff run since 1989. Had Mayfield built on the progress he showed in 2020, an alternate NFL reality — in which the Falcons have Deshaun Watson and the Bucs pursue a different post-Tom Brady stopgap — probably ensues. But the ’21 season tanked Mayfield’s stock, which had farther to fall in 2022.

An early-season injury to Mayfield’s non-throwing shoulder plagued him in 2021, and after the Browns’ unrefusable Watson offer led Mayfield to Carolina, horrid form keyed a last-place QBR finish in 2022. Mayfield’s 2023 QBR (54.3) trails his 2020 number (65.5), and the Bucs went from 3-0 to 4-7 to the divisional round. This rollercoaster ride provided a nice microcosm of Mayfield’s pro career, which also involved a steep 2019 dip due largely to Freddie Kitchens being overmatched as a head coach. But the inconsistency should matter here, to a degree.

If the Bucs let Mayfield hit the market, the statuses of Cousins and Justin Fields will be intertwined with his as teams without top-three draft real estate determine their options. It is not out of the question clubs could view Sam Darnold, Jacoby Brissett, Gardner Minshew or Ryan Tannehill at a far lower price as a more cost-effective option than Mayfield. The Giants faced same question last year; was there a team willing to go to the $40MM-per-year place had Big Blue let Daniel Jones hit free agency? The Jones contract has likely come up in Mayfield negotiations, complicating the Bucs’ decision.

Mayfield established new career-high marks in TD passes (28) and yards (4,044). He also limited his INTs to 10 in Canales’ offense. The Bucs gave Mayfield input in their OC search, which produced ex-Rams OC Liam Coen, providing an obvious signal they do not intend to let him get away. The Bucs just made the playoffs with Brady’s $35.1MM void years-driven dead money on their payroll. While Mayfield’s deal would be backloaded, Tampa Bay would not see too much change here with Mayfield set to go from a $4MM base salary to likely beyond $30MM.

Geno Smith’s three-year, $75MM deal should serve as Mayfield’s floor, as it is the veteran-QB1 basement presently. But Smith agreed to Seahawks-friendly terms. A pay-as-you-go contract is unlikely here, with the Jones and Derek Carr deals respectively producing practical guarantees of $81MM and $70MM. Mayfield is also four years younger than Smith. Mayfield might not match Jones and Carr for AAV, but the Bucs will need to pay him more per year than they did Brady ($25MM).

Passing would make the Bucs start over from a poor draft slot to do so (No. 25), arming Mayfield’s camp with more leverage. The Vikings being unable to complete a deal with Cousins could make them a Mayfield suitor, and while the Patriots have quite a few connections to the former Heisman winner — including Eliot Wolf and OC Alex Van Pelt — it does not make too much sense for the Pats taking this route given the shape of their roster. With Fields and Cousins in the mix and the Steelers setting their sights lower, Mayfield’s options are still somewhat limited. That will play into the Bucs’ hands; both sides need to be careful here.

Best fits: Buccaneers, Falcons, Vikings

3. Chris Jones, IDL. Age in Week 1: 30

The Chiefs secured dynasty status after trading Tyreek Hill and, barring some playoff surges, missing on the Frank Clark contract. They have not paid cornerbacks during this stretch, highlighting the importance of Steve Spagnuolo’s centerpiece defender. (L’Jarius Sneed’s franchise tag, coming with heavy trade rumors, points to the Chiefs going in this direction again.) Patrick Mahomes and, especially over the past year, Travis Kelce receive most of the attention. Jones has been the clear third Chiefs pillar during this period, racking up five All-Pro honors and being the only pure defensive tackle in the sack era (1982-present) to record two 15-sack seasons.

Jones has also been durable, missing more than two games in a season just twice and suiting up for all but one contest during Kansas City’s back-to-back Super Bowl-winning campaigns. That makes the Chiefs’ defensive struggles in Week 1, during Jones’ holdout, notable. Rightfully asking for money in the Aaron Donald neighborhood, Jones bet on himself rather than accept a Chiefs offer that placed him on the same plane as less proven DTs — in the second tier that formed thanks to 2023’s Jeffery Simmons, Quinnen Williams, Daron Payne and Dexter Lawrence extensions. With Nick Bosa raising the defender ceiling to $34MM per year in September, Jones reaching $30MM AAV is in play on the open market. The Chiefs’ top priority is preventing Jones reaching free agency.

Kansas City franchise-tagged Jones in 2020, which always made a 2024 tag – at 120% of his pre-restructure 2023 salary, pushing the total past $32MM — unrealistic. Although Jones has said on multiple occasions he wants to stay in Missouri, the Chiefs’ negotiations last year created the risk of losing one of the best players in franchise history. From a pass-rushing standpoint, Jones has surpassed Donald (the current Donald version, that is) during the Chiefs’ back-to-back Super Bowl-winning years. He is three years younger than the Rams all-time great. Donald needed to threaten retirement to secure his landmark raise at 31; Jones reaching the open market healthy — in a year when a record cap spike occurred — effectively maximizes his leverage.

Javon Hargrave scored a $21MM-per-year pact; it took only $40MM fully guaranteed for the 49ers to land him. From an accomplishments and impact standpoint, Jones’ free agency is closer to Reggie White’s than Hargrave. White was 31 when his 1993 free agency tour commenced. Albert Haynesworth (2009) and Ndamukong Suh (2015) scored record-setting deals when they hit the market. Jones probably will not top Bosa’s AAV, but eclipsing the current DT guarantee high (Williams’ $66MM) seems likely.

The Chiefs have shown they can get by after losing corners; they have not shown they can win without Jones, who has made countless pivotal plays while rushing from inside and outside. The most recent led to a 49ers overtime field goal, which set up a championship-cementing Chiefs drive. Kansas City will need to make a monster offer to keep Jones off the market, but at this point, the champs must prepare to outbid other teams as their future Hall of Fame DT is less than a week away from testing the market.

Bears GM Ryan Poles was in Kansas City when the Chiefs drafted Jones in the 2016 second round, and Chicago is likely to restart its QB contract clock via a Caleb Williams pick soon. The Texans also have a rookie-QB contract (and Will Anderson on a rookie pact) around which Jones’ guaranteed years could be structured. With budgets increasing as of the recent cap news, teams could enter this bidding for one of the best defenders to ever hit free agency.

Best fits: Chiefs, Texans, Bears

4. Christian Wilkins, IDL. Age in Week 1: 28

The stars have aligned for Wilkins. From the Dolphins’ cap status to Justin Madubuike being franchise-tagged and the rest of the high-level D-tackles from Wilkins’ draft class being extended last year, the charismatic Clemson alum is about to reap the rewards of hitting free agency at this point. Excelling against the run and coming off his best pass-rushing season, the five-year veteran is likely to land a deal in the ballpark of those given to the rest of the 2019 first-round DT contingent. If the Chiefs re-sign Chris Jones, suddenly the player the Dolphins shied away from extending is the market’s top D-tackle prize.

Negotiations dragged on last summer, and other deals set the market. The Commanders extended Daron Payne in March, while the Titans reached an agreement with Jeffery Simmons in April. Dexter Lawrence followed in May, and the Jets hammered out their Quinnen Williams re-up just before training camp. Each pact was worth between $22.5-$24MM per year, creating a new second tier behind Aaron Donald’s outlier accord, and brought between $46-$47.9MM guaranteed at signing. This is a narrow range, making it a bit odd nothing was finalized. The Dolphins offered a top-10 DT salary, but that falls short of the Payne-Simmons-Lawrence-Williams range. It is possible the Dolphins also used 2019 first-round DT Ed Oliver’s deal, which came in lower ($17MM AAV, $24.5MM guaranteed at signing) as a comp in these talks. That would naturally introduce a complication.

A September rumor suggested the Dolphins were hesitant to go into the above-referenced price range due to Wilkins’ low sack output (11.5 sacks from 2019-22). He responded with a career year, tallying nine sacks — twice as many as his previous best — and 23 QB hits (10 more than his prior best). Wilkins finished 13th in ESPN’s pass rush win rate metric. This came after ESPN’s run stop win rate metric viewed Wilkins as a dominant presence, ranking him first in 2022 and second in 2021. Wilkins, who also deflected 15 passes from 2020-22, adding a pass rush piece will be valuable soon.

Residing in poor cap shape, the Dolphins already released Jerome Baker and Emmanuel Ogbah and are set to cut Xavien Howard. They have also paid two D-line pieces — DE Bradley Chubb, DT Zach Sieler — eight figures per year and have Jaelan Phillips presumably on the extension radar. Will Wilkins, acquired during Brian Flores’ first year, need to find his money elsewhere? Flores’ Vikings could be waiting.

Best fits: Texans, Vikings, Patriots

5. Jonathan Greenard, Edge. Age in Week 1: 27

Already a lower-profile franchise, the Texans saw their on-field work drift off the radar as their Bill O’Brien-run operation cratered and produced two subsequent HC one-and-dones. One of the players who was worth monitoring during this bleak period broke through to help Houston re-emerge under DeMeco Ryans. Greenard delivered a 12.5-sack season, leading the Texans in sacks by a wide margin and providing Will Anderson with a quality bookend.

A fringe tag candidate entering the offseason, Greenard had already tallied an eight-sack season (in 2021) before an injury-plagued 2022 stalled his early-career momentum. But last season brought new territory. Ranking 20th with 33 quarterback pressures, Greenard smashed his career-high with 22 QB hits. He ranked sixth among edge rushers in ESPN’s pass rush win rate metric in 2023. Reinvigorated in Ryans’ scheme, Greenard profiles as a player the Texans want to re-sign. But rumblings about his price will put Houston to the test. An AAV in the $22MM neighborhood could be in the offing for a player whose best work should still be ahead. Teams look eager to land Greenard.

Sitting in the top five in cap space and having Anderson and C.J. Stroud tied to rookie deals through at least 2025, the Texans can afford to make some investments elsewhere. They have begun doing so via the Dalton Schultz re-signing. Beyond its O-line, Houston’s cap sheet is light on big payments. Regularly stocking the roster with two-year deals at lower-middle-class rates, GM Nick Caserio has not gone to this financial territory to retain a player just yet. The Patriots would regularly let this type of player walk, as the Trey Flowers 2019 Detroit defection illustrates. The Texans’ Stroud and Anderson situations, however, support a re-signing.

Best fits: Texans, Commanders, Bears

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Minor NFL Transactions: 3/5/24

Today’s minor moves:

Indianapolis Colts

Miami Dolphins

Minnesota Vikings

Tampa Bay Buccaneers

The Colts are keeping Jack Anderson around, with Aaron Wilson of KPRC2 in Houston passing along that the lineman has inked a one-year extension with the organization. Anderson was waived by the Giants at the end of the 2023 preseason and caught on with Indy. He spent the majority of the season on the practice squad, getting into a single game for the Colts. In total, the 25-year-old has appeared in 15 career games (three starts).

Colts To Tag Michael Pittman Jr.; Sides Discussing Extension

2:03pm: Although the Colts have Pittman on their extension radar, they will use the placeholder option. Indianapolis will tag Pittman, NFL.com’s Tom Pelissero tweets. It does not appear the sides are too close on a long-term deal, per NFL.com’s Mike Garafolo, but a tag gives them some time. The Colts have until July 15 to complete an extension with their top receiver.

1:45pm: Chris Ballard‘s comments at the Combine did not make it sound likely Michael Pittman Jr. would reach free agency. Indeed, it appears the Colts are preparing to use their franchise tag for the first time since 2013.

The Colts are planning to tag Pittman if they cannot reach an extension, according to ESPN.com’s Jeremy Fowler. The sides are still talking, per The Athletic’s James Boyd. The Colts last used their tag to keep Pat McAfee off the market 11 years ago, but with the Ballard regime doing well to re-sign its own homegrown talent, it is not surprising this tag drought may soon end.

If the Colts can reach an agreement by 3pm CT, they will avoid a $21.8MM cap hold going on their books. This deadline has spurred action in the recent past, but no extension for a tag candidate has surfaced today. Pittman would be the eighth player franchise-tagged during this year’s two-week window.

Ballard has done well to keep his cornerstone players on extensions. Since taking over, the eighth-year GM has extended Ryan Kelly, Quenton Nelson, Braden Smith, Shaquille Leonard, Kenny Moore, Grover Stewart and Jonathan Taylor. The former rushing champion’s messy extension process overshadowed Pittman’s contract year, which proved vital to a Colts team frequently playing without its top back. Pittman produced career-high numbers in receptions (109) and yards (1,152) last season, helping a Colts team down Anthony Richardson for most of the season.

It is certainly possible Richardson’s injury helped Pittman compile solid stats last year, with Gardner Minshew a readier passer compared to the raw but promising rookie. Minshew indeed looked Pittman’s way often, giving the former second-round pick his second 1,000-yard season. The Colts chose Pittman before Taylor four years ago, selecting him 34th — one spot after Tee Higgins. Showing the value wideouts bring, neither player will be headed to free agency. The Bengals were the first team to use a tag this year, cuffing Higgins in February.

Without a veteran quarterback on the roster, the Colts can better afford expenditures like a Taylor extension and Pittman tag. Ballard’s team generally avoids big-ticket free agency moves, however, and came into Tuesday with more than $70MM in cap space. That number would shrink if Pittman is tagged, but the sides still have more than an hour to reach an extension.

Charges Against Colts TE Andrew Ogletree Dropped

Colts tight end Andrew Ogletree was arrested on domestic battery charges in December. Those charges were dropped on Tuesday, however.

Ogletree faced the charges of domestic violence committed in the presence of a child less than 16 years old and domestic battery resulting in moderate bodily injury. Both represented Level 6 felonies, but court records confirm his case has come to an end. Both charges were dismissed with prejudice, meaning they cannot be re-filed.

The state of Indiana’s motion to dismiss notes that “subsequent interviews with all of the parties involved revealed information and evidence not provided to law enforcement on the night of the alleged incident. The evidence is insufficient to prosecute this case” (h/t ESPN’s Stephen Holder).

Ogletree was placed on the commissioner’s exempt list in the wake of the arrest being made. As Tom Pelissero of NFL Network notes, the league is still investigating the matter. As a result, the 25-year-old remains on the exempt list for the time being.

Indianapolis drafted Ogletree in the sixth round of the 2022 draft, but because of an ACL tear it was not until this past season that he made his debut. He made 12 appearances (including nine starts) in 2023, recording 147 yards and a pair of touchdowns on nine catches. Two years remain on his rookie contract.