Kansas City Chiefs News & Rumors

Chiefs To Add TE Irv Smith Jr.

Quiet early in free agency, the Chiefs will add a piece to their offense. The two-time reigning Super Bowl champions are bringing in former Vikings and Bengals tight end Irv Smith Jr., ESPN’s Adam Schefter tweets.

A second-generation NFL tight end, Smith has been unable to find consistency as a pro. Multiple teams have given the former Alabama pass catcher opportunities, however, and Chiefs pickups have resulted in a host of recent free agents collecting Super Bowl rings. Smith will join a Kansas City threepeat push, doing so on a one-year deal worth $1.29MM, per KPRC2’s Aaron Wilson. Only $384K of this deal is guaranteed.

Despite being a five-year veteran, Smith is only 25. A 2019 second-round pick, Smith has been unable to establish himself as a trusted receiving option. The Bengals’ flier on Smith produced only 18 receptions for 115 yards. Smith has not topped 300 yards in a season since 2020, when he notched a career-high 365 alongside Kyle Rudolph in Minnesota.

Injuries dogged Smith in Minnesota. He missed all of the 2021 campaign due to a knee injury and did not contribute much to the Vikings’ 2022 NFC North title, sustaining a high ankle sprain — an injury that played a role in Minnesota trading for T.J. Hockenson at the ’22 deadline. With the Bengals moving to Mike Gesicki, the Chiefs will gauge Smith’s form alongside one of the best to ever do it.

As Travis Kelce goes into his age-35 season — a 12th NFL slate for the superstar talent — the Chiefs still have his top wingman (Noah Gray) rostered. Blake Bell, however, played out a one-year contract last season.

Minor NFL Transactions: 3/11/24

On the busiest transaction day of the NFL year, here are a few moves that maybe didn’t make the headlines:

Atlanta Falcons

Baltimore Ravens

Buffalo Bills

Jacksonville Jaguars

Kansas City Chiefs

Minnesota Vikings

New York Giants

Philadelphia Eagles

Woerner is probably one of the bigger names on this list. After serving as a reliable run-blocking tight end with the 49ers for the duration of his rookie contract, Woerner earns a new three-year deal worth up to $12MM to head to Atlanta, according to ESPN’s Michael Rothstein.

Brandel may be the next biggest deal on this list. After making five starts in 39 game appearances with the Vikings during his rookie deal, Brandel earned a new three-year, $9.5MM contract to remain in Minnesota. Quessenberry joins him as a depth lineman sticking around.

Lewis also gets to stick around on a multi-year deal, signing a two-year, $4MM deal to remain in Buffalo. A valuable special teamer, Lewis has done a good job of getting himself worked into the rotation on defense a good amount over the course of his rookie deal.

Olszewski earns another year in New York after solving a big issue on punt returns for the Giants last year. Baun heads to Philadelphia as a strong backup after starting 14 games for the Saints during his first four years in the league.

Latest On Chiefs’ Chris Jones Contract

Last year, the Chiefs were unwilling to go near the Aaron Donald salary range for Chris Jones, attempting to pay him in line with the younger crop of defensive tackles extended in 2023. With Jones on the cusp of free agency, the team relented. And some big numbers are coming out as a result.

Saturday night’s Chiefs-Jones agreement produced a new interior D-line AAV record and a new guarantee standard — the latter by a massive margin. Jones agreed to a five-year, $158.75MM deal, Pro Football Talk’s Mike Florio reports. That comes out to $31.75MM per year, a significant number due to Donald’s $31.67MM accord leading the way at the position previously.

It does not appear that previous $95MM number represents a full guarantee, but it does double as a practical guarantee. The Chiefs will revisit the rolling guarantee structure they used for Patrick Mahomes with Jones. The team would have to cut Jones in 2025 to avoid the $95.3MM guarantee, Florio adds. Guaranteed at signing: a $30MM signing bonus, Jones’ 2024 and 2025 salaries ($1.25MM, $13.75MM) and a $15MM 2025 roster bonus. The rest of Jones’ guarantees are in place to vest in 2025.

Jones’ 2026 salary ($19MM) is guaranteed for injury at signing but becomes fully guaranteed on Day 3 of the 2025 league year. The future Hall of Fame D-tackle will be due a $16MM roster bonus in 2025. This is classified as a 2026 roster bonus, but KPRC2’s Aaron Wilson indicates it is guaranteed for injury already and will be guaranteed fully if Jones is on the Chiefs’ roster on Day 3 of the 2025 league year. The Chiefs have turned to this year-out guarantee on multiple fronts with Jones, who should be set to pick up the second bonus as well.

The contract shifts to a more traditional structure after Year 3. If Jones is still on the Chiefs’ roster as of Day 3 of the 2027 league year, $3MM of his 2027 base salary ($28.25MM) will become guaranteed. Jones’ 2028 base salary ($35MM) is nonguaranteed. This deal almost definitely will not be an active contract by 2028.

Jones has a clear path to securing $95.3MM in guarantees by 2025. For reference, Donald received $46.5MM of his 2022 raise guaranteed at signing. Though, the Rams icon only agreed to a three-year deal. Jones signing a five-year contract helped on this front.

It is safe to assume the Chiefs would not have needed to go near this guarantee place had they agreed to pay Jones last year — before the historic cap spike occurred. But the threat of Jones’ departure looks to have changed the Chiefs’ thinking, and the longtime DT standout’s quality contract year — one that led the way in another Super Bowl win, as Kansas City’s offense regressed — set himself up for this monumental payday.

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.

Chiefs, Chris Jones Agree To Extension

Chris Jones will not be reaching the market. The three-time Chiefs Super Bowl winning defensive tackle has been retained on a monster extension, as first reported by Ian Rapoport of NFL Network. The deal is five years in length and includes a staggering $95MM in guaranteed money, ESPN’s Adam Schefter notes.

Jones’ agency has since confirmed the move, which will ensure his Kansas City tenure continues and add considerably to his career earnings. The five-time Pro Bowler was on track to be the top prize amongst defenders in free agency, but the Chiefs made consistent efforts recently to retain him. That has now taken place, with the agreement shattering the record for guaranteed compensation at the D-tackle spot.

Schefter clarifies Jones will receive the $95MM figure – which is guaranteed – over the first three years of the pact. That $31.67MM average matches the AAV mark set by Aaron Donald on his historic Rams extension, but it far outpaces the $46.5MM guaranteed which Donald’s deal includes. The deal is still being ironed out, per Schefter, but once finalized it will move Jones to the top of the DT pecking order.

The 29-year-old had been seeking a deal in the $30MM-per-year range, and he has indeed landed it. Jones was always Kansas City’s top free agent priority, despite a younger defensive stalwart (cornerback L’Jarius Sneed) also being in need of a new deal. The latter has been franchise-tagged, but it remains to be seen if he will be retained or traded to avoid a 2025 free agent departure. Regardless of what happens in the team’s secondary, Kansas City’s defensive front will remain strong given Jones’ continued presence.

Earning first-team All-Pro honors in each of the past two seasons, Jones has not slowed. The Mississippi State product has totaled 26 sacks over the that span in the regular season, adding 2.5 in the postseason. Game-changing plays in the playoffs have remained a fixture for Jones, as he as contributed immensely to the Chiefs’ dynasty construction. Given his durability (multiple missed games in only two seasons), a long-term investment could be less risky from the team’s perspective than most others with players his age.

Kansas City has seen head coach Andy Reid commit to playing at least one more season (and likely more) in an offseason after Patrick Mahomes had his own mega-deal restructured. Jones agreeing to a re-up means all three pillars of the Chiefs’ core will be intact moving forward. In the latter’s case, it comes with the added benefit of avoiding a repeat of the holdout which began the 2023 regular season.

Jones remained out of the lineup through Week 1 this past campaign, missing out on a game check in addition to fines incurred from missed training camp time. He and the team worked out a one-year deal laden with incentives, but hammering out another multi-year pact was an obvious priority for team and player. Working one out before free agency was the expectation of many around the league, and to no surprise Jones has landed a raise from the four-year, $80MM pact he inked in 2020.

As of Saturday, the two-time defending champions sat at just $1.2MM in cap space, a figure which of course did not include Jones given his pending free agency (although he will account for $3.4MM in dead money with his previous deal already having voided). The structure of the guaranteed payouts – along with whatever compensation is included in Years 4 and 5 – will be interesting given the importance of Kansas City maintaining cap flexibility in the immediate future.

The team is expected to devote finances to the offensive side of the ball (aside from this historic Jones agreement, of course) this offseason. That comes as no surprise given Kansas City’s inconsistency relative to its defense in 2023. Jones will remain an anchor of DC Steve Spagnuolo‘s unit for the foreseeable future, though, something which will have a ripple effect around the league next week.

Jones coming off the board leaves a major vacancy at the top of the DT market. Christian Wilkins is now positioned as the best player at the position on track to land a deal with an outside suitor. In the short term in Wilkins’ case, as well as the long term given the upward financial trajectory along the defensive interior, this Jones deal will keep moving the bar higher in terms of both annual and guaranteed compensation.

NFL Announces 2024 Compensatory Picks

The NFL has awarded compensatory draft picks for teams in the 2024 draft. Based on an add/subtract formula that covers the 2023 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 34 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. The CBA limits the total compensatory number to 32, per Rob Demovsky of ESPN.com, who notes the Cowboys, Jaguars and Packers qualified for an additional comp pick based on the net loss formula.

The updated NFL format also rewards third-round comp picks to teams that saw a minority assistant coach land a head coaching job or a minority front office exec become a GM. Teams receive two third-round picks for losing an assistant or FO staffer to a top job, but the picks do not come in the same draft. The 49ers’ pipeline here is still flowing and will continue to do so into the 2025 draft, with Ran Carthon landing the Titans’ GM job last year and DeMeco Ryans becoming the Texans’ HC. The Rams collected the first of their two third-rounders for the Falcons’ Raheem Morris hire. The Buccaneers do not receive a comp pick for Dave Canales‘ Panthers move due to the Latino staffer being Tampa Bay’s OC for just one season.

Sorted by round and by team, here are the league’s 2024 compensatory selections.

By round:

Round 3: Jaguars (No. 96 overall), Eagles (No. 97), Rams (No. 98)*, 49ers (No. 99)*

Round 4: 49ers (No. 132), Bills (No. 133), Ravens (No. 134)

Round 5: Saints (No. 167), Packers (No. 168), Saints (No. 169), Eagles (No. 170), Eagles (No. 171), Chiefs (No. 172), Cowboys (No. 173), Saints (No. 174), 49ers (No. 175)

Round 6: Bengals (No. 208), Rams (No. 209), Eagles (No. 210), 49ers (No. 211), Jaguars (No. 212), Rams (No. 213), Bengals (No. 214), 49ers (No. 215), Cowboys (No. 216), Rams (No. 217), Jets (No. 218), Packers (No. 219), Buccaneers (No. 220)

Round 7: Chargers (No. 253), Rams (No. 254), Packers (No. 255), Jets (No. 256), Jets (No. 257)

* = special compensatory selection

By team:

  • Los Angeles Rams: 5
  • San Francisco 49ers: 5
  • Philadelphia Eagles: 4
  • Green Bay Packers: 3
  • New Orleans Saints: 3
  • New York Jets: 3
  • Cincinnati Bengals: 2
  • Dallas Cowboys: 2
  • Jacksonville Jaguars: 2
  • Baltimore Ravens: 1
  • Buffalo Bills: 1
  • Kansas City Chiefs: 1
  • Los Angeles Chargers: 1
  • Tampa Bay Buccaneers: 1

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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AFC West Notes: Broncos, Chiefs, Eluemunor

Coming off their Russell Wilson misstep, the Broncos will be taking on a chunk of their record-setting dead money ($35.4MM) this year. The more punishing hit will come in 2025 ($49.6MM), and although both numbers will be offset to a degree by the cap’s rise, Denver may need to be thriftier at quarterback. Mock drafts continue to include a Broncos QB pick or a trade-up move for a passer, but 9News’ Mike Klis writes a veteran will likely be added in free agency.

Kirk Cousins and Baker Mayfield are probably out of play for the Broncos, who are still $2.5MM over the cap following their Justin Simmons release. But after other cost-saving moves, the team will have a host of bridge options available. Jacoby Brissett, Ryan Tannehill, Gardner Minshew and Sam Darnold headline that list, and the volume of passers in free agency should lead to affordable options for teams looking to pair a rookie with a stopgap vet. The Broncos do have Jarrett Stidham tied to a $7MM base salary, and they plan to give him a chance. But it is possible two outside options will be joining the season-ending starter this offseason.

Here is the latest from the AFC West:

  • Chris Jones remains the Chiefs‘ top priority, but after rumblings the defending champions could retain the likely Hall of Famer before free agency, they are running short on time. Other clubs can begin talking to Jones at 11am CT March 11. Seeking at least $30MM per year, Jones remains Kansas City’s top priority. Some uncertainty exists if the Chiefs’ the near-year-long retention effort will succeed, but the Washington Post’s Jason La Canfora indicates the team is expected to devote more funds to its offense. After a wildly inconsistent receiver year, the Chiefs were believed to be interested in Mike Evans. Calvin Ridley, Marquise Brown and Gabe Davis are among the top options available, though it should also be expected the team — particularly if Jones is back on a monster contract — devotes a high draft choice to this group.
  • The Raiders appear to want to re-sign right tackle Jermaine Eluemunor, per ESPN’s Paul Gutierrez, who notes the team’s stopgap right tackle starter might be the highest priority among the team’s free agent O-linemen. That would be interesting given Andre James‘ presence as a younger UFA-to-be. Eluemunor joins James and guard Greg Van Roten as Raiders starting O-linemen set for free agency. Eluemunor has signed three Raiders contracts, receiving a notable raise (to $3MM) in 2023. Showing himself to be a capable starter instead of a swingman, the 29-year-old blocker has started 34 games for the Raiders — at both guard and right tackle — over the past three seasons.
  • Releasing their longest-tenured player earlier today, the Broncos will need to make a plan at safety. As Simmons searches for a new team, the Broncos also have P.J. Locke as an unsigned starter. The team is interested in keeping Locke, according to the Denver Gazette’s Chris Tomasson. Locke replaced the twice-suspended Kareem Jackson as a starter and played well during the team’s five-game midseason win streak, holding off Jackson for the gig alongside Simmons. Caden Sterns, who suffered a season-ending injury in Week 1, remains under contract.
  • While Locke should be expected to return, Klis does not anticipate Lloyd Cushenberry or Josey Jewell coming back. Cushenberry’s likely high price should be viewed as a borderline non-starter for a Broncos team that has three other veterans (Garett Bolles, Ben Powers, Mike McGlinchey) on veteran contracts and Quinn Meinerz as a potential extension candidate. Jewell, who joined Simmons as a holdover from Vance Joseph‘s HC years, discussed terms with the Broncos recently. But the six-year vet may be ticketed to leave Colorado as the team regroups after its failed Wilson extension.
  • The sports betting criminal case in Iowa against the former Denver fourth-round defensive lineman Eyioma Uwazurike will be dropped, Tomasson adds. A rotational player in 2021, Uwazurike drew a full-season ban for gambling on NFL games. Uwazurike’s NFL future is in doubt, but he can apply for reinstatement in July.

Chiefs To Re-Sign LB Drue Tranquill

Drue Tranquill‘s market underwhelmed in 2023, leading to a low-cost pact with the Chiefs. That partnership led to the ex-Charger playing a key role in the Chiefs’ repeat Super Bowl-winning effort. It looks like the sides want to continue this union.

The Chiefs are expected to re-sign the veteran linebacker, ESPN.com’s Jeremy Fowler reports. With Willie Gay days away from free agency, Tranquill could be in line for an even bigger role alongside Nick Bolton in 2024.

A clear midlevel linebacker market emerged behind Tremaine Edmunds last year, but Tranquill did not command enough interest to qualify for a deal on that tier. After an impressive statistical showing for the 2022 Chargers, the former fourth-round pick scored a one-year, $3MM deal to change AFC West teams. The Chiefs put the bargain signing to work, and Tranquill will likely be due a raise in 2024.

Indeed, Tranquill will collect a better deal this time around. The Chiefs are giving their Bolton sidekick a three-year, $19MM accord that will come with $13MM fully guaranteed, NFL.com’s Ian Rapoport tweets.

This is a nice bump for Tranquill and is more in line with that linebacker midlevel that expanded last year. Tranquill, 28, actually fared better than some more experienced LBs who recently signed extensions. Logan Wilson and Quincy Williams only collected $10MM and $9MM guaranteed at signing, respectively, last year. With Bolton now extension-eligible, the defending champions have Tranquill locked down through 2026.

After receiving steady run with the Bolts in his initial contract year, Tranquill was a part-timer with the Chiefs. But the eight-game starter proved valuable, especially during a season that featured Bolton on the shelf for multiple stretches. Playing 57% of the Chiefs’ defensive snaps. Tranquill combined 78 tackles with 4.5 sacks and two forced fumbles. Gay injury trouble led to increased Tranquill usage in the divisional round and AFC championship game; the Notre Dame alum made eight tackles in the Chiefs’ 17-10 AFC clincher in Baltimore.

In 2022, Tranquill erupted for 146 tackles and five sacks. Tranquill has shared the story of Andy Reid texting him with a Super Bowl enticement, going so far as to share the text. After the Chiefs saw a preview of Tranquill’s game in Los Angeles and alongside Bolton and Gay last year, it would not surprise to see them — based on this contract — turn to the ex-Day 3 pick as a full-timer alongside Bolton in 2024. This deal probably signals Gay will need to land his second contract elsewhere.

Minor NFL Transactions: 3/6/24

Some minor moves during a busy day of major transactions:

Atlanta Falcons

Dallas Cowboys

Kansas City Chiefs

The Falcons were able to avoid tendering Landman by simply signing him to a new one-year contract. The exclusive rights free agent signed with the team as an undrafted free agent in 2022, and after the season-ending injury to starting linebacker Troy Andersen, Landman took full advantage of the opportunity to start, finishing third on the team with 110 total tackles in 14 starts. He returns to Atlanta to fit in amongst Andersen and Kaden Elliss.