NFL Restructures: Broncos, Bosa, Burns, Granderson, Tranquill
Teams around the NFL have been engaging in their usual financial gymnastics to create enough cap space to sign new players – or for some – simply retain the ones already under contract.
The Broncos restructured Quinn Meinerz‘s deal earlier in the week to ensure they were compliant with the 2026 salary cap by the start of the new league year on Wednesday. But with more than a dozen signings – including multi-year pacts with Alex Singleton, J.K. Dobbins, and Adam Trautman, plus a second-round restricted free agent tag signed by Ja’Quan McMillian – Denver needed to free up more cap space.
To do so, they completed a restructure of outside linebacker Jonathon Cooper‘s contract, per Luca Evans of the Denver Post. His salary was reduced to the veteran minimum with $10.2MM converted into a signing bonus that was prorated across the remaining five years of the contract, which includes two added void years. Cooper’s 2026 cap hit dropped by $8.2MM to $5.78MM as a result, with $17.55MM cap hits now scheduled for 2027 and 2028, per OverTheCap.
The Broncos also altered the contract of guard Ben Powers. He was set to earn a $500k roster bonus on Sunday, but that has instead been moved into his base salary for the season, according to Chris Tomasson of the Denver Gazette.
Powers was viewed as a potential cap casualty entering the final year of his deal, but the team affirmed their commitment to him before free agency. However, this move – pushing a financial obligation months into the future – indicates that Denver may still be open to moving on the seven-year veteran after re-signing Alex Palczewski at the beginning of the month.
Here are some other recent restructures from around the NFL:
- The 49ers restructured defensive end Nick Bosa‘s contract to clear $17.7MM in salary cap space, per Jason Fitzgerald of OverTheCap. Like Cooper, his salary was reduced to the veteran minimum by converting $21.465MM to a signing bonus and prorating it across the four remaining years of the contract plus one new void year. His cap hits in each of those seasons has risen by $4.293MM as a result.
- The Giants also restructured a starting edge rusher, like the Broncos with Cooper and the 49ers with Burns, though they did not add any void years to his deal to maximize the cap savings from the move. $22.75MM of Brian Burns‘ 2026 salary was converted to a signing bonus and prorated across the remaining three years of the contract. The move yields $15.16MM in cap savings this year, though ESPN’s Jordan Raanan notes that the money is for “operating funds” – such as contracts for the upcoming draft class – as opposed to another major free agency signing. Burns will now have cap hits of just over $44MM in 2027 and 2028, which will likely cause the Giants to explore another extension next offseason to reduce those obligations.
- Chiefs linebacker Drue Tranquill accepted a pay cut in the last year of his contract, per NFL Network’s Mike Garafolo. He was previously due a non-guaranteed salary of $6MM; now, he will make $3.5MM with $3MM of his guaranteed. The deal ensures Tranquill will remain in Kansas City in 2026, his fourth season with the team.
- The Saints already began their annual tradition of restructuring most of their top contracts to become cap-compliant before the start of the new league year, and they added another to the ledger this week with an edge rusher of their own. Carl Granderson‘s $2MM roster bonus and $9.45MM of his 2026 salary was converted into a signing bonus and prorated across the remaining four years of the contract, per Fitzgerald. Interestingly, the Saints, who have been one of the NFL’s most aggressive teams in terms of using void years, did not add another void year to Granderson’s deal (which already contained two) to maximize their cap savings, according to ESPN’s Katherine Terrell. As a result, his 2026 cap hit was reduced by $8.59MM, creating a $20.924MM cap hit in 2027.
Chiefs Re-Sign G Mike Caliendo
After opting not to tender him as a restricted free agent, the Chiefs reached an agreement today to re-sign offensive guard Mike Caliendo. According to ESPN’s Jeremy Fowler, Caliendo’s agent relayed this afternoon that, despite holding “numerous offers elsewhere,” Caliendo wanted to return to Kansas City, and he will be doing so on a new one-year deal. 
Caliendo signed in 2022 with the Chiefs as an undrafted free agent out of Western Michigan, where he spent six years, four as a full-time starter. Taking over the left guard job for the Broncos during his redshirt freshman season, he started every game for the team at that position for the next three years, including the COVID-shortened 2020 season that granted him a sixth year of eligibility. A first-team All-Mac and Academic All-American athlete, Caliendo turned down chances at both the NFL and medical school to return with his sixth year of eligibility and demonstrated some versatility with a position shift to center in his final season in Kalamazoo.
Caliendo won a ring in his rookie year as a member of the practice squad, failing to see the field in his first season of NFL play. He signed a reserve/futures deal to remain in Kansas City, though, and in Year 2, he made the 53-man roster and appeared in 12 games, mostly on special teams, including the four-game playoff run to his second Super Bowl ring. In 2024, he held a similar role until Week 14, when he made three spot starts at left guard as regular guard Joe Thuney kicked out to cover the blindside tackle spot for a benched Wanya Morris. When Thuney got hurt before the playoffs, Caliendo started the team’s three playoff games at left guard, including their Super Bowl loss to the Eagles. Caliendo got four more spot starts at right guard this year, covering for an injured Trey Smith.
Thanks to Caliendo’s desire to remain a Chief, even after a down year for the franchise, Kansas City returns a reliable, versatile backup on the offensive interior line, one they often utilize on special teams and heavy formations, as well. After releasing right tackle Jawaan Taylor last week, the Chiefs will likely see some change along their offensive front. Locking in a strong depth piece like Caliendo should provide the team with a bit of solace as they look to fill the hole left by Taylor’s departure.
Chiefs To Sign RB Emari Demercado
The Chiefs continue to revamp their running backs room. After agreeing to a deal with Super Bowl MVP Kenneth Walker, the team is now adding Emari Demercado to the mix, per Jordan Schultz.
The former Cardinals running back is joining Kansas City via a one-year deal. The signing comes following a tumultuous final season in Arizona for Demercado.
The third-year RB entered the season as the RB3 behind James Conner and Trey Benson, but he mostly stuck in the role even after each of his teammates suffered season-ending injuries. He got a look alongside replacements Michael Carter and Bam Knight in Week 5 prior to a headline-grabbing gaffe.
Demercado was set to score on a 72-yard touchdown run but let go of the ball for a touchback right before he crossed the goal line. The Cardinals led 21-6 at the time and proceeded to lose the game. Now-fired coach Jonathan Gannon was seen yelling at his RB after the play, and the coach eventually incurred a $100K fine after appearing to shove Demercado.
The 27-year-old rebounded temporarily with a 79 rushing yards in Week 9 and 104 yards from scrimmage in Week 10. A high-ankle sprain later knocked him out for three weeks, and he tallied only 108 total yards in four games following his return.
The former UDFA has shown some occasional flashes throughout his career, and he’s showcased some ability as both a rusher and a pass-catcher. The Chiefs made Walker their biggest splash of this week, giving the RB close to $29MM in guaranteed money to replace Isiah Pacheco. With Kareem Hunt also unsigned, Demercado could easily slide into the RB2 role in Kansas City, although he may see some competition from 2025 seventh-round pick Brashard Smith.
Chiefs To Sign CB Kader Kohou
The Chiefs are signing former Dolphins cornerback Kader Kohou, per NFL insider Jordan Schultz.
Kohou, 27, missed all of the 2025 season due to a torn ACL suffered in training camp. He served as Miami’s primary nickel for the previous three seasons with 47 appearances, 38 starts, and more than 2,500 defensive snaps. He only played sparingly on special teams with no involvement in 2024.
Kohou arrived in Miami in 2022 as an undrafted free agent out of Texas A&M-Commerce. He was targeted more than any other defender in the league as a rookie, but allowed only 6.1 yards per target and three touchdowns. He regressed in 2023 with 7.7 yards per target and eight touchdowns but returned to his 2023 numbers the following year. That earned him a $3.26MM restricted free agent tag last offseason, though he will likely earn significantly less with the Chiefs.
In Kansas City, Kohou will look to prove his health and compete for a role in the Chiefs’ secondary, which has already lost three cornerbacks this week, including Trent McDuffie and Jaylen Watson, two of their starters in 2025. Joshua Williams, who played key snaps in the previous three seasons but not 2025, is also gone, so the Chiefs will need to find new options on the boundary in 2026.
Kohou has played a majority of his career snaps in the slot, but 2023 fourth-rounder Chamarri Conner will likely keep that role next season. But his 743 snaps of experience on the boundary could help him compete for a job in a Kansas City pass defense that will look very different relative to last year’s unit.
Latest On Potential A.J. Brown Trade
The Eagles are hoping to resolve the A.J. Brown saga by the beginning of the new league year on Wednesday. The Patriots have shown the most interest in trading for the three-time Pro Bowl receiver, but they have balked at the Eagles’ asking price so far. The Chargers and Bills have also been connected to Brown. It turns out those three teams and the Chiefs are on Brown’s wish list, Albert Breer of SI.com reports.
With the Patriots moving on from previous No. 1 receiver Stefon Diggs, their need for a starter was glaringly obvious entering free agency. To some degree, the Patriots addressed it in agreeing to a four-year, $80MM contract with former Packer Romeo Doubs on Tuesday.
Doubs will at least give the Patriots a capable starter if they are unable to close the gap in talks with the Eagles. The reigning AFC champions are not necessarily out on Brown yet, per Karen Guregian of MassLive.com. Adding Brown to Doubs would give third-year quarterback Drake Maye a tantalizing one-two punch at receiver.
The Chargers have wideouts Ladd McConkey, Quentin Johnston and 2025 second-rounder Tre Harris under contract for next season. Johnston may be a trade candidate, though, and Keenan Allen is still unsigned. There remains room in Los Angeles for Brown, especially with the team boasting the league’s second-most cap space ($66.83MM). The Chargers are well-positioned to take on the remainder of Brown’s three-year, $96MM contract, but Breer does not regard them as serious suitors.
While Brown is open to joining Josh Allen in Buffalo, that is no longer on the table, according to Breer. The Bills agreed to acquire a different expensive veteran wideout, D.J. Moore, from the Bears last week. Moore cost the Bills a pick in Round 2, whereas the Eagles have been holding out for at least a first- and a second-rounder. The soon-to-be 29-year-old Moore is owed significant guaranteed money through 2028.
Brown could form an intimidating duo with Chiefs’ Patrick Mahomes, but there is no indication KC is involved in this derby. The Chiefs went into free agency focused on adding a running back, per Breer. They accomplished that mission in signing former Seahawk/Super Bowl LX MVP Kenneth Walker to a three-year, $43.05MM deal. The team also wants to use its haul of draft choices to “replenish” its roster, Breer writes. The Chiefs own two first-rounders and three of the top 40 choices in this year’s draft, but it does not appear they will part with any of them for Brown.
Brown will see $4MM of his 2027 salary guarantee on the third day of the league year, giving the Eagles limited time to move him before it vests. Trading Brown before June 1 would hit the Eagles with a $43.45MM dead cap charge, a record for his position. They would also lose $20.12MM in cap room. If general manager Howie Roseman waits until after June 1 to move Brown, the Eagles would spread the dead money over two years. Philadelphia would be stuck with $16.35MM in 2026 and $27.1MM in ’27, though it would save $7MM on its cap next season.
Minor NFL Transactions: 3/10/26
Today’s minor moves:
Baltimore Ravens
- Re-signed: WR Dayton Wade
Carolina Panthers
- Re-signed: WR David Moore, DE LaBryan Ray
- Waived: DT Popo Aumavae
Green Bay Packers
- Re-signed: OL Darian Kinnard
Houston Texans
- Signed: LB Jake Hummel
Jacksonville Jaguars
- Released: TE Johnny Mundt
Kansas City Chiefs
- Re-signed: WR Nikko Remigio
Los Angeles Chargers
- Re-signed: CB Deane Leonard
New York Giants
- Re-signed: CB Art Green
- Signed: LB Caleb Murphy
- Waived: S Anthony Johnson
San Francisco 49ers
- Re-signed: LB Garret Wallow
Chiefs To Sign RB Kenneth Walker
The Chiefs are changing course at running back. After many years with low-cost solutions, Kansas City will bring in this year’s top free agent prize at the position.
Kenneth Walker and the Chiefs are in agreement on a deal, NFL.com’s Tom Pelissero reports. Rumored as potentially not being ready to pay up for Walker, Kansas City is doing just that after its recent run games have underwhelmed. It is a three-year, $43.05MM deal, insider Jordan Schultz tweets. The Chiefs are authorizing $28.7MM guaranteed, per Schultz, who adds the contract can max out at $45MM.
This guarantee trails only Saquon Barkley‘s $36MM number among running backs, even if it represents the total guarantee figure rather than what is guaranteed at signing. This is a massive number for Walker, who split time with Zach Charbonnet last season as the Seahawks did not view their starter as a plus in the passing game. Pass pro is certainly not Walker’s strength, but he is coming off a Super Bowl where he finished with 161 scrimmage yards and became the first running back Super Bowl MVP since Terrell Davis 28 years ago.
Kansas City was believed to be set to come away with a running back during this year’s free agency, according to ESPN.com’s Jeremy Fowler, who also linked the team to Travis Etienne. Ranked higher on PFR’s free agent top 50, Walker represents the bigger prize due to being two years younger (25). He does bring some injury risk, having missed two games apiece in 2022 and ’23 before being sidelined for six games in 2024. But the Chiefs will pay up after Walker’s strong playoff performance punctuated a 17-game 2025.
The Seahawks were in touch with Walker leading up to the legal tampering period, per NFL.com’s Tom Pelissero, but recent rumors had pointed to the defending champs standing down if this market escalated beyond their comfort zone. Pelissero mentioned the Chiefs as a suitor today, and the team will deviate from its low-cost RB plans — which have been in place since Jamaal Charles‘ release nearly 10 years ago.
Following the Charles era, the Chiefs identified Kareem Hunt as a starter and saw him with the rushing title as a rookie. Hunt’s ugly assault on a woman at a Cleveland hotel being captured on video led the Chiefs to cut him during the 2018 season. After the team used Damien Williams as its RB1 in the wake of that separation, the team missed on a first-round pick (Clyde Edwards-Helaire). Isiah Pacheco bailed the Chiefs out on that whiff, but a 2024 leg fracture slowed the seventh-round pick. Both Pacheco and Hunt, who returned to Missouri in 2024, are unsigned.
Walker’s Seahawks tenure included two 1,000-yard rushing seasons. While Charbonnet outscored Walker 12-5 last season, the latter will become Kansas City’s unquestioned lead back in 2026. He figures to be the top running back Patrick Mahomes has played with since at least Hunt 1.0. Walker is also more elusive than even that version of Hunt, with Pro Football Focus ranking him first among RBs in 2025. Though, it will be interesting to see how the Chiefs get around Walker’s pass-pro limitations — which led the Seahawks to use Charbonnet in a near-equal timeshare.
The Chiefs do not have a big-ticket contract at wide receiver, though they are close to re-signing Travis Kelce on a one-year deal. Mahomes’ 10-year contract is continually restructured, moving cap hits down the road. That has helped the Chiefs, who just offloaded Trent McDuffie‘s fifth-year option salary to the Rams. In also letting Jaylen Watson sign with the Rams in free agency, the Chiefs are starting over at corner. But they will have a dynamic RB set to roll come September.
Chiefs To Sign S Alohi Gilman, Re-Sign WR Tyquan Thornton
Bryan Cook departed for the Bengals today, and the Chiefs have a host of secondary holes to fill. One of them will come from Baltimore. Alohi Gilman is signing with the Chiefs, NFL.com’s Tom Pelissero tweets.
Kansas City is giving the former Charger a three-year, $24.75MM deal that includes $15MM fully guaranteed. Kansas City is also bringing back wide receiver Tyquan Thornton, veteran insider Jordan Schultz tweets. Thornton is coming back on a two-year, $11MM deal, per Schultz.
Among a glut of starter-level safeties hitting the market Monday, Gilman played out a Chargers-designed contract in Baltimore. The Ravens traded Odafe Oweh in a deal that brought Gilman to Maryland. Although Day 3 picks were exchanged in that swap, Oweh fetched a monster Commanders deal today while Gilman will be tied to a midlevel Chiefs pact. That could represent a nice value play for Kansas City, which saw Cook land a three-year, $40.25MM Cincinnati accord.
Gilman will join fellow former Charger defenders Drue Tranquill and Kristian Fulton in Kansas City (though, the latter is a clear-cut release candidate). Entering an age-29 season, Gilman is a seventh-year veteran who has started for the past three seasons. The Chargers turned to the former sixth-round pick in 2023, and a solid contract year led to a two-year, $10.13MM deal as a 2024 free agent. Gilman started all 28 games he played on that contract, jumping into the Ravens’ lineup immediately after the October trade.
Cook started for three seasons in Kansas City, but he follows Justin Reid, Tyrann Mathieu and Juan Thornhill as one-contract Chiefs safeties in recent years. The Chiefs also lost three corners — Trent McDuffie (traded), Jaylen Watson and Joshua Williams — in recent days. Moves to replace that trio will be needed, though Fulton, Chamarri Conner and Nohl Williams remain on the roster.
Thornton played a bigger role early in the season, with Rashee Rice on the shelf due to a suspension. Xavier Worthy also missed early-season time due to a shoulder injury. A Patriots second-round washout, Thornton made some notable contributions as a deep threat for Patrick Mahomes. Thornton averaged a whopping 23.1 yards per catch last season, catching 19 passes for a career-high 438 yards and three touchdowns.
The Chiefs have Marquise Brown unsigned while Rice’s future is murky due to domestic violence allegations surfacing. Rice is also in a contract year, while Worthy is signed through 2027. JuJu Smith-Schuster joins Brown as a free agent, and 2025 fourth-rounder Jalen Royals did not see much action as a rookie.
NFL Announces 2026 Compensatory Picks
The NFL has awarded compensatory draft picks for teams in the 2026 draft. Based on an add/subtract formula that covers the 2025 free agency period, comp picks span from Round 3 to Round 7. The higher picks go to the teams that endured the most significant free agent losses.
This year, the NFL awarded 33 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.
Sorted by round and by team, here are the league’s 2026 compensatory selections:
By round:
Round 3: Vikings (No. 97), Eagles (98), Steelers (99), Jaguars (100, from Lions*)
Round 4: 49ers (No. 133), Raiders (134), Steelers (135), Saints (136), Eagles (137), 49ers (138), 49ers (139), Jets (140)
Round 5: Ravens (No. 173), Ravens (174), Raiders (175), Chiefs (176), Cowboys (177), Eagles (178), Jets (179), Cowboys (180), Lions (181)
Round 6: Steelers (No. 214), Eagles (215), Steelers (216)
Round 7: Colts (No. 249), Ravens (250), Rams (251), Rams (252), Ravens (253), Colts (254), Packers (255), Bronc0s (256), Broncos (257)
By team:
- Baltimore Ravens: 4
- Philadelphia Eagles: 4
- Pittsburgh Steelers: 4
- San Francisco 49ers: 3
- Dallas Cowboys: 2
- Denver Broncos: 2
- Indianapolis Colts: 2
- Las Vegas Raiders: 2
- Los Angeles Rams: 2
- New York Jets: 2
- Detroit Lions: 1
- Green Bay Packers: 1
- Jacksonville Jaguars: 1
- Kansas City Chiefs: 1
- Minnesota Vikings: 1
- New Orleans Saints: 1
* = awarded for Lions DC Aaron Glenn becoming Jets’ HC
The Bears lost a minority executive to a GM role, with Ian Cunningham taking over in Atlanta. But the NFL will not award Chicago two third-round picks for that hire because the Falcons have Matt Ryan positioned as their president of football. Although Cunningham — Chicago’s assistant GM for four years — holds plenty of organizational say, Ryan is atop its front office hierarchy. The Bears disagree with the NFL’s ruling, per NFL.com’s Mike Garafolo.
Bears GM Ryan Poles confirmed (via ESPN.com’s Courtney Cronin) the team spoke with the NFL about the matter, but the league did not rule in the team’s favor. Had this decision gone the Bears’ way, they would have received third-round picks in the 2026 and ’27 drafts.
Chiefs To Re-Sign Travis Kelce
4:30pm: A deal has now been finalized, Rapoport’s colleague Tom Pelissero reports. This will be a one-year pact with a base value of $12MM, per ESPN’s Adam Schefter. Kelce can earn up to $15MM in 2026.
10:31am: Travis Kelce has long said he could not envision himself in another NFL uniform. Despite a rumor that indicated a potentially shocking late-career address change was possible, the career-long Chief does not look to be going anywhere.
Set to return for a 14th season, Kelce is indeed expected to do so with the Chiefs, NFL.com’s Ian Rapoport tweets. While no deal is official yet, teams interested in potentially poaching the superstar tight end may need to stand down.
Sunday’s report indicated Kelce was likely to speak with other teams as a free agent. Kelce, 36, had played out his contract — one agreed to in 2020 and modified to include a raise in 2024 — and joined his brother as a late-career free agent. Jason Kelce finished his career on multiple Eagles one-year contracts.
The other future Hall of Fame Kelce may be in line for a one-year Chiefs accord. SI.com’s Albert Breer tweets a one-year pact is expected. A contract worth up to $15MM is viewed as the potential compensation, per The Athletic’s Dianna Russini, who indicates no deal has been finalized. Russini, though, continues to report Kelce is exploring the market and has not finalized a return to Kansas City. This could be a negotiating tactic, as Kelce had previously left little mystery about his desire to stay.
Kelce is one of the greatest players in Chiefs history, being a cornerstone piece of five Super Bowl teams and three champions. The Chiefs landed Kelce in the 2013 third round, and after he missed most of his rookie season due to microfracture knee surgery, the Cincinnati alum showed star potential alongside Alex Smith. The Kelce-Tyreek Hill tandem hit another gear when Patrick Mahomes took over in 2018, and Kelce smashed the NFL record for most 1,000-yard receiving seasons by a tight end. Kelce’s seven, a streak started with Smith at the helm, are three more than any other tight end.
Rumors about a Kelce retirement swirled after a Chiefs 6-11 season. The franchise’s worst record in Kelce’s tenure did not move the gregarious tight end/world-famous fiancé to walk away. Despite some untimely drops last season, Kelce improved on his 2024 step backward by totaling 76 receptions for 851 yards and five touchdowns. Although Mahomes did not play in the Chiefs’ final three games due to ACL and LCL tears, Kelce upped his yards-per-catch average to 11.2 — his first mark past 11 since a first-team All-Pro 2022 season.
The Chiefs had extended Kelce in 2016 and then in 2020. The 2020 deal briefly stood as the game’s top TE contract, before George Kittle‘s first 49ers re-up, and Kelce certainly has not been paid in accordance with the value he has provided the Chiefs. Kansas City did give him a $4MM raise after Super Bowl LVIII, making him the game’s highest-paid tight end once again. Kelce not maximizing his value has helped the Chiefs, though it has also played a role in no tight end being tied to a $20MM-per-year deal — as the wideout market is now past $40MM AAV.
Kelce was the lead factor in the Chiefs overcoming a shaky post-Hill receiving situation en route to 2022 and 2023 Super Bowl wins, and he helped Mahomes and Co. to the threepeat precipice — as the first two-time champ to reach a Super Bowl the following season — though did not play especially well against the Eagles. Vowing not to end his career after that blowout loss, Kelce looks set to make a similar pledge after the Chiefs endured a Super Bowl LIX hangover. While the Chiefs’ 2026 roster will look different, their core three performers — Mahomes, Kelce and Chris Jones — are prepared for at least one more year together.
Kelce’s return stands to help a Chiefs team that has still run into trouble staffing its receiver posts. While Xavier Worthy‘s rookie contract runs through 2027, Rashee Rice has battled injuries and a suspension. And an ugly accusation of domestic violence by his ex-girlfriend could put the talented wideout in the NFL’s crosshairs once again. The Chiefs, who also have Marquise Brown unsigned for 2026, are at least poised to have Kelce anchoring at least one more Mahomes-piloted pass attack.