Chiefs Expected To Tag CB L’Jarius Sneed
We’ve been hearing all week about the potential future of two of the Chiefs’ top defensive free agents. Defensive tackle Chris Jones and cornerback L’Jarius Sneed have received most of the offseason attention for the reigning Super Bowl champs. If Dianna Russini of The Athletic is right, the solution for Sneed could be here soon as Kansas City reportedly plans to tag him tomorrow. 
This is not the first we’re hearing on this, but it is the first deadline we’ve gotten. First, after winning their second consecutive rings, both Jones and Sneed made it known that they wished to remain in Kansas City. This week, general manager Brett Veach informed the media that he anticipates utilizing the franchise tag this year. Later that day, reports rolled in that Sneed was the likely target of the tag but that both sides were open to a potential tag-and-trade situation if an extension was unable to be reached. Last we heard, Sneed was generating trade interest while optimism was growing around a new deal for Jones.
In today’s update, Russini informs that, while the team continues to work towards a new extension for Jones, Kansas City will officially place the franchise tag on Sneed tomorrow. If that’s the case, the Chiefs will then have until July 15 to work out an extension to keep Sneed in Missouri. Tag-and-trade maneuvers can still take place past that date, though, and the Chiefs are extremely familiar with that process, previously sending away Dee Ford and bringing in Frank Clark with that exact method.
As for the Jones part of the update, no new information here. Optimism has been growing throughout the week, and with the tag being applied to Sneed, the Chiefs will have no choice but to sign Jones to a new deal in order to keep him in red and yellow.
49ers Showed Interest In Steve Spagnuolo
Representing a significant reason the Chiefs prevailed in Super Bowl LVIII, Steve Spagnuolo remains off the head coaching radar. The veteran DC’s woeful Rams HC stint has kept him out of searches for top jobs, though he remains interested. But the Chiefs look to have seen competition emerge for their DC’s services.
The five-year Chiefs DC has a new contract in place, but The Athletic’s Dianna Russini reports the 49ers were interested in poaching him for their defensive play-calling post (subscription required). Spagnuolo coached last season on an expiring contract. The 49ers look to be going with a two-pronged approach to replace Steve Wilks, promoting Nick Sorensen to DC and adding Brandon Staley to their staff as well.
Spagnuolo has successfully rebounded from his rough St. Louis stay, helping Kansas City collect three Super Bowl wins over the past five years. The Chiefs, who had seen a basement-level defense do well to keep them out of Super Bowl LIII in Patrick Mahomes‘ first starter season, hired Spagnuolo — an ex-Andy Reid Eagles assistant — and saw that move play the lead role in their third Mahomes-era title. Despite the superstar quarterback being in his prime, the Chiefs were unable to string together a consistent offense this past season. But their No. 2-ranked defense led the way. The 49ers scored two regulation touchdowns to the Chiefs’ one, but Spagnuolo’s defense keeping San Francisco out of the end zone in overtime set up the dramatic second-possession finish.
The Chiefs moved to extend Spagnuolo the same day the 49ers fired Wilks, with the deal coming to pass hours before the San Francisco DC change surfaced. That adds some intrigue to this timeline, with ESPN.com’s Dan Graziano also indicating the team explored a Spagnuolo addition. The NFC champions appear to have sent out feelers here, but the Chiefs have made their intentions known regarding their top assistant.
Spagnuolo, 64, is set to earn around $5MM per year on his new Chiefs contract, Graziano adds. That places the four-time Super Bowl-winning DC on the top tier among coordinators. The Dolphins placed Vic Fangio on that tier last year, though that union lasted only one season. Given his age and poor showing in three seasons with the Rams, Spagnuolo is unlikely to earn another HC opportunity. But he will be in place to help the Chiefs pursue the Super Bowl era’s first threepeat.
Sorensen, 45, has been with the 49ers since 2022. He is three years removed from serving as the Jaguars’ special teams coordinator under Urban Mayer, making this an interesting appointment. Sorensen also worked alongside Robert Saleh on Pete Carroll‘s Seahawks staff, shuttling between ST and defensive roles. He and Staley, whose last run as a DC produced a No. 1-ranked unit (the 2020 Rams), will go about leading the 49ers’ effort to secure a title under Kyle Shanahan.
Growing Optimism Chiefs Will Re-Sign Chris Jones; L’Jarius Sneed Generating Trade Interest
Chris Jones balked at a Chiefs attempt to extend him on a deal far south of the Aaron Donald salary range. As the perennial All-Pro nears free agency, the team may be coming around to his price point.
Playing last season on his 2020 extension (four years, $80MM), Jones is believed to want a deal in the $30MM-per-year range, according to The Athletic’s Dianna Russini and Nate Taylor. Although the Chiefs were not prepared to go into that neighborhood to retain their top defender last year, they might be now. Growing optimism exists the sides agree to a deal before free agency, per Russini and Taylor (subscription required).
[RELATED: Chiefs Release WR Marquez Valdes-Scantling]
Jones has said he would like to stay in Kansas City, but it will be interesting — given a few factors — if the 29-year-old standout passes on testing the market. Considering Jones’ 2023 holdout, the developments on the D-tackle market over the past year and the salary cap’s $30MM-plus increase, it would be a slight surprise if the likely Hall of Fame-bound player passed on seeing what was out there. Players get hints of the market at the Combine, however, even though the legal tampering period (11am CT on March 11) represents the first instance communication with other clubs is allowed.
Jones’ holdout reached mid-September, with the eight-year veteran not reporting to the Chiefs until after their Week 1 game — a loss to the Lions. An incentive package ended up covering Jones for the fines incurred during for skipping training camp, penalties that surpassed $2MM. Jones also forfeited a $1.1MM game check by missing Week 1. His absence was noticeable, and the Chiefs brought him back into the fold with an incentive package.
The Chiefs were believed to be offering Jones $24MM per year, an AAV in the range of the Quinnen Williams–Jeffery Simmons–Dexter Lawrence–Daron Payne quartet that formed the top non-Donald tier at the position last year. Jones, now a five-time All-Pro, wanted Donald-level dough. He made a strong case for it again last season. The Chiefs needed a 49ers special teams miscue to tally a touchdown before overtime in Super Bowl LVIII, and a Jones rush stopped a 49ers OT drive to set up the game-winning score. Kansas City’s Patrick Mahomes– and Travis Kelce-led offense took a backseat to a top-end pass defense last season, and the Jones-dependent unit led the way to a repeat championship. It is difficult to build more momentum toward a free agency windfall.
Donald was 31 when he threatened retirement and landed a three-year, $95MM Rams deal; Jones will not turn 30 until this summer. With the cap rising to $255.4MM, it would seem Donald’s $31.7MM AAV — which leads the DT market by more than $7MM — would be in reach for Jones.
With Nick Bosa scoring a $34MM-per-year pact from the 49ers, Jones is poised to do remarkably well if he hits the market. A deal that includes more than the $80MM the Steelers guaranteed T.J. Watt could well be in play. The Chiefs, who will need to make more moves (perhaps another Mahomes restructure) to create cap space before the 2024 league year opens March 13, do look to have a plan to help afford a third Jones contract. It involves bidding farewell to their other top free agent defender.
Since the report that indicated the Chiefs were preparing to tag L’Jarius Sneed but were willing to trade him emerged, Russini and Taylor indicate at least six teams have reached out about the ascending cornerback. The expectation is Sneed will end up in a tag-and-trade transaction, Sportskeeda’s Tony Pauline notes.
The Chiefs went to this well with Dee Ford in 2019, replacing him with Frank Clark. With most of Kansas City’s free agency budget going to Jones — if the franchise is to succeed in its top offseason mission — no CB replacement is likely en route. Instead, the Chiefs will likely do what they have done for most of Andy Reid‘s tenure: replace a starting corner from within. As the Marcus Peters, Steven Nelson, Kendall Fuller and Charvarius Ward exits show, the Chiefs have an M.O. when it comes to corners. Sneed is looking likely to be the latest Chiefs CB to become a one-contract player for the team.
The Chiefs, who were on the receiving end of tag-and-trade moves involving Matt Cassel (2009) and Clark (2019), are poised to pick up a quality asset for Sneed by using the tag here. And they have established a blueprint in which cornerbacks are replaceable; Jones has proven he is not.
Chiefs DE Charles Omenihu Eyeing New Deal
Charles Omenihu enjoyed a successful first season in Kansas City when on the field. His availability was hindered at the start of the year due to a six-game suspension and in the Super Bowl due to an ACL tear, but his level of play in between likely helped his market value. 
As a result, the fifth-year defensive end is eyeing an extension. One year remains on his current deal, though, and he is due $7.4MM in 2024 with a scheduled cap hit of $10.97MM. A key factor in any negotiations will be his recovery from his ACL tear, which occurred in the AFC title game. Omenihu recently acknowledged on social media that he might need to repeat his 2023 production to land a new pact.
The former Texan and 49er posted seven sacks in 11 regular season contests during his debut Chiefs campaign. He added a strip-sack in the AFC Championship Game before suffering the injury which sidelined for the Super Bowl, demonstrating his value as pass-rush option to complement the interior pressure generated by Chris Jones. When asked about the possibility of an extension, Omenihu confirmed he feels he earned a new agreement.
“I think I did, to be honest,” the 26-year-old said during an appearance on NFL Network’s Good Morning Football (video link). “Like you said, seven sacks in 11 games and then the sack in the championship game to kind of spark off the wave of defensive plays. Finished second on the team in sacks and didn’t have the first six games to catch up with George [Karlaftis] and Chris [Jones]. I think I did, I think the tape speaks for itself.”
Of course, the defending champions have more pressing matters to attend to on the defensive side of the ball. Jones is once again a pending free agent, and his play after the end of his 2023 hold-out further cemented his value to the Chiefs. Meanwhile, standout corner L’Jarius Sneed is set to receive the franchise tag and he could be traded if talks on a long-term pact do not pan out. Sorting out both Jones and Sneed’s futures will be critical in advance of free agency.
On the edge, Kansas City has both Omenihu and Karlaftis under contract for next season. The latter is joined by 2023 first-rounder Felix Anudike-Uzomah in terms of being on his rookie contract and therefore under team control for several years. Omenihu, by contrast, could set himself up nicely for free agency next spring if he manages to recover in full and deliver another strong outing. It would likely come as a surprise if the Chiefs were willing to negotiate an extension (something which, in fairness, could prove beneficial by reducing his 2024 cap hit) before he returns to the field, but Omenihu is clearly open to doing so at any time.
49ers To Interview Chiefs’ David Merritt For DC Job
The one coordinator post still open may not be settled until March. The 49ers have another external candidate they want to interview.
Chiefs defensive backs coach David Merritt will meet with the 49ers about their defensive coordinator vacancy, according to NFL.com’s Mike Garafolo. Kansas City did not lose either of its coordinators this offseason, with neither Steve Spagnuolo nor Matt Nagy being interviewed for a top job. But one of the reigning champs’ assistants is in play to make a move up with another team.
[RELATED: Offensive/Defensive Coordinator Search Tracker]
Merritt, 52, has worked under Spagnuolo in New York and Kansas City. He arrived in Missouri in 2019 and has been in place as the Chiefs’ DBs coach since. Given the performance of Kansas City’s secondary despite regular departures of starters in free agency, Merritt receiving consideration makes sense. Though, it would be interesting to see the 49ers bail on an outside hire (Steve Wilks) only to make another such move a year later. Merritt has a rather impressive jewelry case, having won five Super Bowl rings — two with the Giants as their safeties coach — and three with the Chiefs.
The Chiefs have continued to churn out productive cornerback play despite a slew of departures. Since Merritt was hired in 2019, Marcus Peters, Kendall Fuller, Steven Nelson and Charvarius Ward have departed via trade or free agency. Kansas City was able to win another Super Bowl largely on the back of its pass defense this past season, with Trent McDuffie and L’Jarius Sneed forming a top-flight CB tandem. The Chiefs have also navigated Tyrann Mathieu‘s 2022 exit, plugging in Justin Reid.
That said, Merritt has never interviewed for a coordinator position. This meeting will also satisfy the coordinator Rooney Rule, which mandates one external minority be interviewed. Merritt is Black. The 49ers have two internal candidates — DBs coach Daniel Bullocks and defensive pass-game coordinator Nick Sorensen — along with former Chargers HC Brandon Staley on the radar for this job. The 49ers promoted from within in 2021, tabbing DeMeco Ryans to replace Robert Saleh, but added Wilks in 2023.
Wilks’ defense did well to contain Patrick Mahomes for much of Super Bowl LVIII, with Kansas City’s lone touchdown before overtime coming after a botched San Francisco punt return. But Wilks’ unit buckled with the game on the line, leading to Kyle Shanahan firing him after one season. A replacement should be known soon.
Chiefs Prepared To Tag L’Jarius Sneed, Grant CB Permission To Seek Trade
1:46pm: No tag has been applied yet, NFL.com’s Ian Rapoport notes (video link), adding the Chiefs are following through on the trade component regarding Sneed. They have given the emerging cornerback permission to seek a trade. The Super Bowl champs remain prepared to tag Sneed, but they might view assets obtained in a trade as more valuable.
In addition to the Ford and Clark tag-and-trade maneuvers under Reid, the Chiefs have benefited from the cost-controlled cogs brought in via the Tyreek Hill trade. The Chiefs, who created $12MM in cap space by releasing Marquez Valdes-Scantling today, may well be readying to clear the decks for a bigger Jones offer. They are cautiously optimistic on retaining Jones, per NFL.com’s James Palmer. Either way, Sneed’s status as part of the 2024 roster appears a bit less certain now.
FEBRUARY 28, 9:06am: The Chiefs are believed to have gone through with the rumored tag, according to Bleacher Report’s Jordan Schultz. This will place a $19.8MM cap hold on Kansas City’s payroll, but it ensures Sneed will not reach the market. The Chiefs will keep their focus on a Jones deal, knowing they can revisit Sneed talks later due to the tag.
FEBRUARY 27: Shortly after Brett Veach indicated the Chiefs are likely to use their franchise tag this year, the expected recipient emerged. The Chiefs are preparing to tag L’Jarius Sneed, ESPN.com’s Jeremy Fowler reports.
A Sneed tag will cost the Chiefs $19.8MM, but they are not committed to carrying that lofty cap number on their books this year. The team has informed the standout cornerback it would be OK working out a trade if an extension cannot be reached, Fowler adds, noting Sneed is onboard with that plan. Kansas City will have until July 15 to extend Sneed, though tag-and-trade maneuvers can take place after that date.
[RELATED: 2024 NFL Franchise Tag Candidates]
A tag will only be applied if the Chiefs cannot reach a long-term deal with the fifth-year corner, The Athletic’s Dianna Russini tweets. Teams have until 3pm CT on March 5 to apply tags, giving the Chiefs a week to negotiate an extension. Doing so would bolster their chances of keeping Chris Jones, as a Sneed extension would reduce his 2024 cap hit compared to a tag. As for Jones, the team is still working on a deal. Veach said (via CBS Sports’ Jonathan Jones) they will meet with Jones’ camp tonight, but the sides have been at this since last summer.
Jones, 29, is less than two weeks from being free to speak with other teams as a free agent. The Chiefs are aiming to re-sign their top defender, but after tagging him in 2020, a second tag had been viewed as an unrealistic scenario. But this will ensure the Chiefs keep one of their two impact defenders off the market. The Jones matter could become a seminal moment as the Chiefs assemble their 2024 roster — which will be tasked with completing the first threepeat in the Super Bowl era — but it would have cost the team more than $32MM to tag the perennial All-Pro defensive tackle.
While the Chiefs trading Sneed would obviously hurt their defense, it would not be out of character based on the team’s Andy Reid-era moves at corner. Although Kansas City gave Sean Smith a midlevel deal in Reid’s first offseason in charge, they have shied away from paying corners since. The team traded Marcus Peters in 2018 and let starters Steven Nelson, Kendall Fuller and Charvarius Ward respectively depart during the 2019, 2020 and 2022 offseasons.
Sneed, 27, being tagged and then traded would mark a new chapter associated with the Chiefs’ penchant for making corners one-contract players. But this situation also could produce a pivot from the two-time reigning champs, signaling the organization may value a corner enough for a big-ticket extension. It could double as an effort to signal to a player like Trent McDuffie, who remains on a rookie contract, the Chiefs are not committed to letting CBs walk after their rookie deals expire. Both Sneed and McDuffie stood out during what became a defense-powered Chiefs championship season, and as of now, the young tandem will be poised to play together again in 2024.
A trade would be a fascinating play here. The Bears have long been rumored to be ready to tag Jaylon Johnson, though the sides are still negotiating ahead of the next week’s deadline. Chicago indeed tagging Johnson would then become a coveted commodity in a trade; both CBs being off the market would benefit the next wave of FA corners, with Fuller among them.
The Chiefs have gone to the tag-and-trade well before. They were on the receiving end off a Matt Cassel tag-and-trade in 2009; 10 years later, the team completed two tag-and-trade transactions in one offseason. After tagging Dee Ford and sending him to San Francisco, Kansas City acquired franchise-tagged defensive end Frank Clark from Seattle.
Tuesday’s news will put a Sneed swap in play, though it would be interesting to see the Chiefs both open to trading Sneed and being close to letting Jones hit the market. The Chiefs had a Clark deal in place upon trading for him; a Sneed trade could well involve another team having a contract in place as well, Fowler adds.
Asked to patrol the slot earlier in his career, Sneed shifted to a boundary role later. This brought positive results, elevating the former fourth-round pick’s stock. Last season, Sneed delivered an impact performance, regularly shadowing No. 1 wide receivers and allowing just a 56.2 passer rating as the closest defender. His goal-line strip of Zay Flowers stalled the Ravens’ momentum, helping the Chiefs hold on in the AFC championship game. Sneed has not yet garnered an All-Pro nod or a Pro Bowl honor, but he has now started for two Super Bowl-winning teams and been a regular defender in three Super Bowls.
Sneed stands to follow Tee Higgins among tagged players this year. The Chiefs do have McDuffie and two other 2022 draftees — Joshua Williams, Jaylen Watson — at corner. This younger crop and Kansas City’s past actions at corner would not make a trade a surprise.
Sneed also questioned whether the Chiefs would have enough money to pay both he and Jones. Before a Sneed tag is applied, the Chiefs will need to make moves to create cap space. They hold just more than $16MM. This tag’s near-$20MM cap hold will obviously make it more difficult to re-sign Jones, as teams will be watching to see if the future Hall of Fame defender will become available when the legal tampering period opens March 11.
Chiefs To Release Marquez Valdes-Scantling
Marquez Valdes-Scantling collected two Super Bowl rings as a veteran presence in what became a wildly inconsistent Chiefs receiving corps. The ex-Packer, of course, contributed to the inconsistency. And his cap charge in 2024 will lead to a separation.
The Chiefs are expected to release Valdes-Scantling, according to ESPN.com’s Jeremy Fowler. The move will save $12MM for the two-time reigning champions. MVS was due to make $11.56MM in nonguaranteed base salary next season.
While Valdes-Scantling frequently drew scrutiny due to his drop penchant — not exactly the lone Chiefs cog to struggle on this front — he made some important contributions as a member of the team. MVS caught a touchdown pass in Super Bowl LVIII and snagged a deep toss from Patrick Mahomes that held off the Ravens in the AFC championship game. In the 2022 AFC title game, the Chiefs lost their three other top receivers due to injury. Valdes-Scantling’s 116-yard performance played a pivotal role in the Chiefs fending off the Bengals.
But the NFL’s latest dynasty is in need of cap space due. Both Chris Jones and L’Jarius Sneed are due for free agency. The Chiefs are prepared to tag Sneed, at $19.8MM, but as of Wednesday morning, they did not hold enough cap room to even do that. With the team still in talks with Jones, the $12MM in additional funds will help. Though, the future Hall of Famer is a real threat to hit the market come March 11.
Shortly after trading Tyreek Hill in March 2022, the Chiefs reached an agreement with Valdes-Scantling to come over from the Packers. MVS signed a three-year, $30MM deal that morphed into a pay-as-you-go structure following the 2022 season. The Chiefs liked enough about what they saw to keep the former fifth-round pick in 2023, doing so as they let JuJu Smith-Schuster walk in free agency. MVS finished with 687 receiving yards in 2023 but tailed off — the AFC title game resurgence notwithstanding — down the stretch. Last season, the up-and-down pass catcher totaled only 315 yards despite playing 16 games. A crucial drop may have cost the Chiefs a November win against the Eagles.
While MVS joined Kadarius Toney and Skyy Moore in submitting iffy seasons that turned wide receiver into the team’s biggest weakness, the veteran was still needed down the stretch. The Chiefs effectively determined they were a more reliable offense without Moore and Toney. Neither of the young receivers played after Week 15. Kansas City went 6-0 without the drop-prone pass catchers henceforth, but both Toney and Moore remain tied to rookie deals. Toney’s January outburst on social media — related to the team keeping him on its injury report for the AFC championship game — preceded the former first-round pick becoming a healthy scratch for Super Bowl LVIII. The 2022 trade acquisition is far from certain to be a Chief in 2024.
In addition to Moore, the Chiefs still roster 2023 second-round pick Rashee Rice. Backup wideout Justin Watson, who became a more important piece due to the higher-profile WRs’ drop issues, is also under contract for the ’24 season. It is a mortal lock, however, the Chiefs make a major upgrade attempt at the position this offseason.
Chiefs Expected To Use Franchise Tag
It appears at least one of the Chiefs’ top defensive free agents will be sticking around for the team’s threepeat bid. Brett Veach said (via NFL.com’s James Palmer) he anticipates using the franchise tag this year.
This prediction stands to affect Chris Jones or L’Jarius Sneed, but it probably will pertain to the younger defender. While Veach said (via AtoZsports.com’s Charles Goldman) Jones remains the team’s top priority, tagging the perennial All-Pro will be prohibitive due to the team having cuffed him back in 2020. This points to Sneed being kept off this year’s market.
[RELATED: 2024 NFL Franchise Tag Candidates]
Although last week’s news regarding the salary cap will make Sneed more expensive to tag, it will still be more than $12MM cheaper for the two-time reigning champions to keep the four-year corner off the market compared to the eight-year DT. A Sneed tag will cost $19.8MM for the Chiefs, who will need to create cap space to make this move. As of Tuesday, the Chiefs hold just more than $16MM in cap room.
Showcasing the ability to play outside and in the slot over the course of his four-year career, Sneed delivered an impact contract year. Regularly covering No. 1 wide receivers and allowing just a 56.2 passer rating as the closest defender, the former fourth-round pick was indispensable for a suddenly defense-powered Chiefs team. This did not garner Sneed an All-Pro nod or a Pro Bowl honor, to the surprise of many, but he has now started for two Super Bowl-winning teams and been a regular defender in three Super Bowls.
If the Chiefs were to let Sneed hit the market, it is possible they would need to authorize a record-setting cornerback contract — based on the cap jumping to $255.4MM and the number of teams needing CB help — to retain him. The tag number now nearly matches Jaire Alexander‘s AAV ($21MM) that still sets the bar at this position. With the Bears likely to tag Jaylon Johnson, Sneed would move into position as the top corner available if permitted to reach the market. That appears unlikely to commence. This would represent a deviation for the Chiefs, who have not placed a high priority on paying corners under Andy Reid. The team has passed on doling out second contracts to Marcus Peters, Steven Nelson, Kendall Fuller and Charvarius Ward. Sneed appears set to be an exception.
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near-$20MM Sneed cap hold will turn up the heat on the Chiefs regarding Jones, who can begin speaking with other teams March 11 — when the legal tampering period begins. Though, the Combine regularly serves as a preview for what is out there for big-name free agents. Due to the 2020 tag, it would cost the Chiefs more than $32MM to tag their top defender.
Jones and the Chiefs could not come to terms on an extension last summer, leading to the likely Hall of Famer holding out into Week 1. An incentive package — and the threat of more missed game checks — brought Jones back, and he again played the lead role on Kansas City’s defense. Jones has said he wants to stay, but the sides are running out of time.
Considering the fines Jones incurred by missing practices and then Week 1, it would surprise if he did not see what was out there by testing the market. But the Chiefs will certainly try to prevent that from happening. The team aimed to extend Jones on a deal more in line with the younger crop of DTs that formed a new second tier at the position last summer, but Jones — who played out a four-year, $80MM extension last season — aimed for a deal closer to Aaron Donald‘s $31.7MM-AAV pact. After another dominant season (and the cap’s rise), the 29-year-old star will be in strong position to score a near-Donald-level accord soon.
Chiefs, HC Andy Reid To Discuss Extension
Coming off a second straight Super Bowl title (and third overall), Andy Reid has cemented his legacy but also helped his case to land a new contract with the Chiefs. An extension was floated as a possibility in the lead-in to Kansas City’s latest championship, and one could soon be in place. 
Reid and the Chiefs are expected to negotiate a new deal in the coming weeks, Tom Pelissero of NFL Network reports. To little surprise, he adds that the extension could very well make him the league’s highest-paid coach. Given Kansas City’s success during the team’s run with Patrick Mahomes at quarterback, Reid will certainly have considerable leverage in contract talks.
Sean Payton‘s Broncos pact averages $17MM per season, while fellow AFC West coach Jim Harbaugh will average $16MM with the Chargers. Reid’s current contract is believed to check in at $12MM per year, and a raise moving him to at least the top of the division would certainly be justified. With Bill Belichick out of the picture for at least the coming season, Reid comfortably leads all active coaches in terms of all-time wins (258), so a short-term accord reflecting his status amongst his peers would likely include a notable raise.
Retirement has become a question in Reid’s case in recent years. The 65-year-old has elected to carry on in his current capacity, though, a decision no doubt made easier with Mahomes still in place and the Chiefs managing to qualify for the AFC title game in each of the past six years. Reid has previously stated a willingness to coach into his 70s, and doing so would allow him to continue climbing the all-time ranks and competing for further hardware.
Mahomes is under contract through 2031, and while the Chiefs could lose at least one key defender in free agency this offseason, the team profiles as having a high floor with Reid at the helm. The latter sports a winning percentage of .715 in his 11 years in Kansas City, and the Chiefs are likely to remain Super Bowl contenders as long as he and Mahomes are in the fold. That may very well continue to be the case beyond 2024.
2024 NFL Cap Space, By Team
The NFL provided clarity to its teams on Friday by setting the salary cap ceiling ($255.4MM). Franchise tag figures have been locked in as well, and clubs can now proceed with their offseason planning knowing exactly where they stand with respect to financial flexibility. Courtesy of Over the Cap, here is the current landscape in terms of salary cap space:
- Washington Commanders: $79.61MM
- Tennessee Titans: $78.66MM
- Chicago Bears: $78.34MM
- New England Patriots: $77.96MM
- Indianapolis Colts: $72.34MM
- Houston Texans: $67.58MM
- Detroit Lions: $57.61MM
- Arizona Cardinals: $51.1MM
- Cincinnati Bengals: $50.67MM
- Tampa Bay Buccaneers: $43.68MM
- Los Angles Rams: $43.11MM
- Las Vegas Raiders: $42.94MM
- Minnesota Vikings: $35.81MM
- Carolina Panthers: $34.57MM
- Atlanta Falcons: $33MM
- New York Giants: $30.8MM
- Philadelphia Eagles: $27.35MM
- Jacksonville Jaguars: $24.68MM
- Kansas City Chiefs: $18.19MM
- Baltimore Ravens: $16.63MM
- Seattle Seahawks: $12.97MM
- New York Jets: $12.76MM
- Pittsburgh Steelers: $9MM
- Green Bay Packers: $2.3MM
- San Francisco 49ers: $5.07MM over the cap
- Cleveland Browns: $7.76MM over
- Dallas Cowboys: $9.86MM over
- Denver Broncos: $16.81MM over
- Los Angeles Chargers: $25.61MM over
- Miami Dolphins: $27.92MM over
- New Orleans Saints: $42.11MM over
- Buffalo Bills: $43.82MM over
All teams must be cap compliant by the start of the new league year, but it will of course be more than just those currently over the limit which will make cost-shedding moves in the near future. Cuts, restructures and extensions are available as tools to carve out space in advance of free agency. Several have already taken place around the league.
That includes the Dolphins’ release of defensive end Emmanuel Ogbah and the planned cut of Xavien Howard. The latter cannot be designated a post-June 1 release until free agency begins but once it happens, Miami will move much closer to cap compliance. The Saints have moved considerable commitments into the future via restructures (as usual), but more transactions on that front will be required even with the cap seeing an historic single-season jump.
The roughly $30MM spike from 2023 will provide unforeseen spending power for teams already set to lead the pack in cap space while also making the task of those at the bottom of the list easier. Spending more on backloaded contracts this offseason at the expense of future space obviously carries risk, however. Still, the news of a higher-than-expected ceiling will add further intrigue to each team’s financial planning.
With Dak Prescott and Deshaun Watson each set to carry record-breaking cap hits for 2024, the Cowboys and Browns will be among the teams most in need of working out a deal to lower those figures. In Dallas’ case in particular, an extension would provide immediate breathing room in addition to clarity on his future beyond the coming season. For Cleveland, Watson’s fully-guaranteed deal has already been restructured once and will need to be again to avoid consecutive years of a $64MM cap charge over its remaining term.
If the Commanders and Patriots add a quarterback with the second and third picks in this year’s draft, each team currently in the top six in space will enjoy the benefits of having a signal-caller on their rookie contracts. That would allow for an aggressive approach to free agency, although the Chiefs’ success after Patrick Mahomes signed (and re-worked) his monster extension has proven it is possible to win Super Bowl titles with a substantial QB investment on the books.