Miami Dolphins News & Rumors

RFA/ERFA Tender Decisions: 3/7/25

More teams made tender/non-tender decisions on restricted and exclusive rights free agents today. Here are the latest updates:

RFAs

Tendered:

Non-tendered:

Carolina has tendered Mays with an original-round tender worth $3.26MM. A former sixth-round draft pick, the third-year center will be able field offers from the rest of the league. If an offer comes in, the Panthers would have the chance to match it or let the team sign Mays in exchange for a sixth-round pick. Mays started eight games in 11 appearances last year.

Houston flashed early, particularly when he tallied eight sacks in seven games (only two starts) for the Lions as a rookie. Since then, injuries and inconsistency have kept him from sticking in Detroit or Cleveland.

ERFAs

Tendered:

Non-tendered:

FA Notes: Bucs, Mack, Dolphins, Holland, Panthers, Titans, Giants, Bills, Falcons

The Buccaneers did not see their Joe Tryon-Shoyinka first-round pick pay off, and the 2021 draftee is close to hitting free agency. As the Bucs prepares a pass-rushing plan for 2025, ESPN.com’s Jeremy Fowler connects Khalil Mack to the team. Also mentioning the Bears (a previously noted Mack suitor), Fowler notes the Bucs are looking for pass-rushing help. The team has YaYa Diaby under contract for two more seasons, but it has struggled to find a complementary piece since Shaquil Barrett began to decline post-Achilles surgery. Anthony Nelson, who posted four sacks last season, is nearing free agency as well.

While the Bucs have D-line regulars Vita Vea and Calijah Kancey, they will need to look for a second OLB starter. Mack rebounded from an injury-marred 2021 season by starting all but one game in three Chargers years. He soared to 17.5 sacks in 2023 but saw his usage rate drop and his sack total along with it (to six) in 2024. Mack, however, has been a durable player and one of this era’s best edge rushers. Although he considered retirement this offseason, the Chargers want him back. The 34-year-old’s market will be interesting.

Here is the latest from the free agent market:

  • A player who will command more in total than Mack, Jevon Holland is likely this year’s top safety available. PFR’s No. 6 free agent, Holland escaped the franchise tag deadline and may be poised to follow Robert Hunt and Christian Wilkins out of Miami. The Panthers and Titans are expected to show interest in the four-year Dolphins starter, NFL.com’s Cameron Wolfe notes. Holland’s market is likely to stretch past $15MM per year and could reach $20MM AAV, Wolfe adds. Antoine Winfield Jr. is the highest-paid safety, at $21MM per annum; no one else has reached $20MM. The Dolphins are still interested, but the former second-rounder will carry a robust market. If Holland leaves, the Dolphins would need two new safety starters; Jordan Poyer is not expected back, per Wolfe.
  • The Giants are bracing to lose Azeez Ojulari in free agency, the New York Post’s Ryan Dunleavy writes. Considering their investments in Brian Burns and Kayvon Thibodeaux, it has looked for months like Ojulari would depart. Despite an extensive injury history, Ojulari has been productive when available. He registered 22 sacks on his rookie deal, including six last season as he filled in for an injured Thibodeaux. After holding onto Ojulari at the deadline, the Giants would only recoup a compensatory pick — depending on the team’s FA activity — once he leaves.
  • The Falcons finished 31st in sacks last season, and the Atlanta Journal-Constitution’s D. Orlando Ledbetter notes they are doing heavy research on defense in the draft. This comes after Atlanta’s effort to trade back into Round 1 for a defender, after the surprising Michael Penix Jr. pick, failed. As the team changes DCs for a third straight year, Fowler adds it is expected to also pursue defensive upgrades in free agency. The Falcons are expected to let Matt Judon hit the market, and Ledbetter adds fellow OLB Lorenzo Carter is also likely to hit free agency. A pass-rushing overhaul, as Grady Jarrett may be on the trade block, may be afoot in Atlanta.
  • Count the Panthers as a team also readying to bolster its defense in free agency, Fowler adds. Carolina fell from fourth in total defense to 32nd last season, and while they are again retaining DC Ejiro Evero, the DC should have more to work with in 2025. After Carolina traded Burns and did not do much to replace him, it is safe to expect a pass-rushing pursuit to commence. Safety Xavier Woods will be among the Panthers who will test the market next week, The Athletic’s Joe Person tweets. He will join kicker Eddy Pineiro in doing so.
  • Preston Smith has lingered in free agency for a bit, after his Steelers release, but Sportskeeda.com’s Tony Pauline notes the Bills are believed to have interest. Although Smith (4.5 sacks last season) signed two healthy Packers contracts, it will not take too much to land the 32-year-old EDGE after he disappointed as a Steelers deadline addition.

2025 NFL Top 50 Free Agents

After 2024 brought a record-setting salary cap spike, the 2025 league year introduced a jump that rivals it. We continue to see year-to-year leaps that dwarf what the 2011 CBA brought. Last year’s climb presented good news for many top-tier free agents; the batch that headlines this year’s market will be in line to follow suit. Now that the franchise tag deadline has passed, a clearer picture of the 2025 free agent market emerges.

The aim for PFR’s top 50 remains contract-based. Although players like Bobby Wagner and Tyron Smith are All-Decade-teamers bound for the Hall of Fame, they will not appear here. Big names are still part of this list. The wide receiver and cornerback markets are flooded with veterans seeking a second (or third) significant payday. As usual, this list centers around who will fare the best in terms of guaranteed money. Though, shorter-term contracts — in an effort to keep up with the cap surges — increasing in popularity has made gauging that component more complicated. With some help from trusted colleague Adam La Rose, here is our best effort at sorting through that.

Players who could be released at the start of the 2025 league year or soon after are not included, only those out of contract for the ’25 season appear below. Teams have until 11am CT March 10 to keep free agents-to-be off the market. In Year 33 of full-fledged NFL free agency, here are the top options for teams to target once the legal tampering period starts:

1. Sam Darnold, QB. Age in Week 1: 28

The quarterback tag has ballooned to $40.24MM, which proved to be too much for the Vikings to stomach. As Minnesota has a handful of starters nearing the market, circling back to Darnold at a (slightly) lower rate remains in play. But the Vikings will now run the risk of losing their 2024 J.J. McCarthy bridge, one that proved much sturdier than most expected.

For the second straight year, a Vikings quarterback headlines PFR’s Top 50 Free Agents list. Kirk Cousins came through with a four-year, $180MM deal in 2024, doing so despite entering an age-36 season and coming off an Achilles tear. The Falcons had a decade’s worth of starter work to evaluate with Cousins, who did not live up to the investment – which included $90MM guaranteed at signing. Darnold has only delivered one quality season. Like Cousins, Darnold excelled under Kevin O’Connell and targeting Justin Jefferson in an offense also featuring Jordan Addison and T.J. Hockenson. Teams’ hesitancy about Darnold’s chances of replicating his Pro Bowl season without similar weaponry is warranted.

This complicates Darnold’s bounce-back case — as does Darnold’s brutal January two-fer — but several teams need QBs during a year where the draft does not look like it will produce surefire answers. Although rumblings about Darnold having a modest market have circulated, he is the top option available and should have a few teams showing clear interest. The Raiders and Giants have been tied to Darnold, ditto the Browns. The Steelers should be interested, but they appear to have their sights set on re-signing Justin Fields. The 2021 draftee also has not put together the kind of season Darnold just did. If the Jets did not have the history they do with Darnold, they would make sense as a destination as well.

Drawing a $4.5MM offer in 2023 (from the 49ers) and choosing the Vikings’ $10MM proposal last March, Darnold has made a remarkable rise to this place. While his surge can be compared to Baker Mayfield’s, Darnold’s 2018 draft classmate had shown extended flashes in Cleveland. Darnold washed out of New York and was not a priority in Carolina, with the Panthers instead making a monster trade to acquire a No. 1 overall pick that went to Bryce Young. Darnold bided his time and has received extensive tutelage in the Kyle Shanahan and Sean McVay (via O’Connell) offenses.

Darnold’s 35 touchdown passes last season eclipsed his career high by 16; his 66.2% completion rate was more than four points better than his previous top number. Darnold’s previous best before his 4,319-yard season: 3,024 with the 2019 Jets. It is easy to see why skepticism exists, as a multiyear guarantee at a Mayfield-level rate (at least) will be required. Overpaying free agents is a tried-and-true NFL tradition, but someone will take a chance on Darnold being the answer. Mayfield received $50MM in total guarantees – on a three-year deal. Darnold could push to top that on a four-year pact, as the salary cap has spiked by another $24MM since the Mayfield-Buccaneers agreement. A Daniel Jones-like guarantee at signing ($81MM) is probably too high, but Derek Carr‘s $60MM number (ahead of an age-32 season) may not be.

The Vikings have Jones as a backup plan, a solution that would effectively make the ex-Giant the 2025 Darnold behind McCarthy. It would not make too much sense for Darnold, with his value where it now is, to accept a multiyear Vikings pact due to McCarthy’s presence. Similarly, re-signing Darnold would cut into Minnesota’s ability to capitalize on McCarthy’s rookie contract. A tag represented the most logical option to keep Darnold in the Twin Cities; that deadline passing opens the door to one of the more interesting QB free agencies in recent history.

The seven-year veteran, who has 56 pre-Minnesota starts teams can judge, will slide in as a player whom clubs can talk themselves into as having a Mayfield- and Geno Smith-like resurgence. Both QBs have sustained their belated breakouts, and that will help Darnold. Though, Smith and Mayfield did not relocate after breaking through. Darnold would be best positioned to sustain his by remaining a Viking, but McCarthy – whom the Vikings built their 2024 offseason around – has tremendous internal support. Bigger money should await elsewhere.

2. Josh Sweat, EDGE. Age in Week 1: 28

Fairly well regarded going into 2024, Sweat still needed to accept a pay cut to stay with the Eagles. As the team rearranged its defensive line after Fletcher Cox’s retirement, it opted to retain Sweat and swap out Haason Reddick for Bryce Huff. The latter’s $17MM-AAV contract is teetering on bust status, as he was a healthy scratch for Super Bowl LIX. Fortunately for the Eagles, they could rely on Sweat, who cemented his value with a dominant performance to expose All-Pro guard Joe Thuney as miscast at left tackle and remind suitors about a promising combination of production and prime years remaining.

Sweat showed the value agreeing to a three-year second contract can bring. That midrange 2021 extension (three years, $40MM) has Sweat set to play out the 2025 season at 28. He should be well positioned to cash in, with the 2.5-sack Super Bowl reminding of Shaq Barrett’s effort against Patrick Mahomes and Co. ahead of his free agency. Barrett, who was exiting his age-28 campaign when the Buccaneers barreled over the Chiefs in Super Bowl LV, signed a four-year deal worth $72MM. The cap has climbed by $97MM since.

Unlike Barrett, Sweat has no sack title on his resume. One double-digit sack season appears there; his 11-sack 2022 helped the Eagles threaten the 1984 Bears’ single-season record. Sweat leaving Philadelphia would stand to move all four of the double-digit sack performers from that ultra-productive season off the Eagles’ roster, with Brandon Graham expected to retire.

Sweat may become too expensive for an Eagles team, as creative as they are with contract structure, to afford. They are expected to lose their top EDGE. The Eagles have Nolan Smith in place as a starter and, theoretically, Huff at the other spot. Third-rounder Jalyx Hunt, who joined the Super Bowl sack brigade, is likely to see his role expand if Sweat departs (that is, if the Eagles cannot swing a Myles Garrett blockbuster).

After back-to-back seasons of 23 QB hits, Sweat only compiled 15 during his eight-sack 2024. That sack total still led the Eagles, whose defensive blueprint smothered the Commanders and Chiefs as the team peaked at the ideal point. Sweat’s 16 pressures still ranked only 92nd this past season, after his 37 in 2023 checked in 10th. The Super Bowl, however, probably put to rest any doubts about Sweat’s difference-making abilities, as the Chiefs had kept Mahomes cleaner for much of Thuney’s tackle stretch.

Jonathan Greenard fetched a four-year, $76MM deal from the Vikings last year. Greenard was two years younger than Sweat when he signed that contract. The cap having gone up coupled with the value Sweat showed post-Reddick gives him a good chance to eclipse that deal and move into the $20MM-plus-per-year bracket. Before this offseason’s EDGE payday frenzy takes place – as the likes of T.J. Watt, Micah Parsons and Trey Hendrickson are in contract years and Garrett is set to command a monster offer from the Browns (or another team) – Sweat will benefit from the cap spike with what should be a solid second-tier pact at the position.

3. Milton Williams, DT. Age in Week 1: 26

Like Sweat and Zack Baun, Williams picked a good time to break through. The 2021 third-round pick, who famously drew an on-air disagreement between Howie Roseman and veteran exec Tom Donahoe, helped the Eagles cover for Fletcher Cox’s retirement. Williams came in with career-high numbers in sacks (five) and QB hits (10) as a part-time starter last season. The Louisiana Tech product totaled 18 pressures as well, ranking sixth in DT pass rush win rate.

This emergence will set up the interior disruptor for a big payday. Williams adding three sacks between the NFC championship game and Super Bowl LIX, complete with the sack-strip-recovery sequence as the Eagles finished off their rout of the Chiefs, will help his cause. The Eagles have the futures of Jordan Davis and Jalen Carter to address. Although Williams expressed an openness to staying in Philly, the team’s roster math points him out of town.

Interior defensive line-wise, this is not a deep group of free agents. Especially after the Cowboys took Osa Odighizuwa off the market via a four-year, $80MM deal. That will help Williams, even though he does not have a take-notice resume, stats-wise. PFF, however, rated him as the No. 1 overall pass rusher among interior D-linemen. Williams will be a player to watch for a sneaky-big contract agreement.

Ex-Williams teammate Javon Hargrave scored $21MM-per-year terms in 2023 and the market then exploded. The spring-summer wave of extensions that year (Daron Payne, Dexter Lawrence, Jeffery Simmons, Quinnen Williams) elevated the non-Aaron Donald market. Nnamdi Madubuike, Chris Jones and Christian Wilkins established a new top tier in 2024, one that starts at $48.5MM fully guaranteed. Williams now has a chance to test the new market as a free agent, doing so after the cap climbed by nearly $25MM from when the last round of deals came to pass.

4. Ronnie Stanley, LT. Age in Week 1: 31

Not ultimately rewarding the Ravens for their then-top-market extension in 2020, Stanley both hurt his third-contract value while attached to that accord and belatedly saved face with a 2024 rebound. The Ravens gave Stanley a significant pay cut, reducing his base salary by $7.5MM, last year. The former No. 6 overall pick responded by playing in a career-high 17 games and earning his second Pro Bowl nod. Last season will not be enough to completely erase the previous four – which injuries largely defined – but Stanley is a talented player at the O-line’s premier position.

Pass block win rate placed Stanley 12th among tackles last season, while PFF was a bit more skeptical, ranking the Notre Dame alum 37th at tackle for the third straight slate. Not quite delivering on the promise he showed before the career-reshaping ankle injury – one that led to three surgeries before the 2021 season began – Stanley suiting up for every game last season will prompt suitors to strongly consider a franchise LT-level deal. A market beginning at $21MM AAV has been floated. Though, his having missed 36 games from 2020-23 will probably reduce the guarantee ceiling.

Had Stanley not sustained that injury in Week 6 of the 2020 season, he almost definitely would not be hitting free agency now. As the Bills (Dion Dawkins), Broncos (Garett Bolles) and Lions (Taylor Decker) showed last year, teams have a habit of keeping quality LTs off the market on third contracts. Those deals came between $20MM and $20.5MM per year. As our Nikhil Mehta pointed out, that could establish a clear price range for Stanley.

Terron Armstead also carried a lengthy injury history into free agency in 2022; the Dolphins still rewarded him with $30.12MM guaranteed on a $15MM-per-year pact. The cap having spiked by more than $70MM since then should raise Stanley’s floor beyond this point.

The Ravens, who lost three O-line starters last year, want to keep him. Will they be able to? Compensatory picks have regularly dictated Baltimore’s free agency strategy, but letting Stanley walk would create a big need – in an offseason in which versatile blocker/former Stanley sub Patrick Mekari is also unattached.

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RFA/ERFA Tender Decisions: 3/5/25

More teams made tender/non-tender decisions on restricted and exclusive rights free agents today. Here are the latest updates:

RFAs

Non-tendered:

Fraboni has served as the Broncos’ primary long snapper for each of the past two seasons, playing in all 17 games of each year as well as this year’s playoff contest. Denver will have until next Wednesday to keep him from hitting the market if they intend to retain him.

ERFAs

Tendered: 

The Broncos tendered all five of their exclusive rights free agents today. The Packers made an easy decision to retain Anderson, who started two games this year and recorded his first career interception.

Bradley Chubb Agrees To Reworked Deal With Dolphins

Outside linebacker Bradley Chubb has agreed on a reworked contract with the Dolphins, per FOX Sports’ Jordan Schultz.

The new deal will reduce Chubb’s base salary in 2025, which was originally $19.45MM, per OverTheCap. He can still earn his full 2025 compensation through incentives based on playing time and sacks.

Chubb spent last year on the Physically Unable to Perform list due to a knee injury suffered at the end of the 2023 season. The Dolphins expressed some optimism about Chubb’s return and opened his practice window in December, but he didn’t progress enough to be activated. It was later revealed that Chubb’s injury impacted his meniscus and patellar tendon in addition to the originally-reported ACL tear.

The Dolphins’ revision of Chubb’s deal is a clever move to clear 2025 cap space while providing insurance if Chubb can’t return to his pre-injury form. Since he missed the 2024 season, all of his 2025 incentives will be considered not likely to be earned. Any incentives that Chubb hits wouldn’t have to be accounted for until 2026, when Dolphins will have more financial flexibility with their own contracts and an increased salary cap.

Miami entered the day above the 2025 salary cap by $1.64MM, per OverTheCap. Chubb’s new deal will make them cap-compliant, and the Dolphins will likely made additional moves before free agency begins next week. The simplest move would be a restructure of Tua Tagovailoa‘s contract, which could create up to $19.3MM in cap space. Extending Jaelan Phillips off of his fifth-year option could create up to $9.66MM.

Dolphins Preparing To Lose Terron Armstead; Team Not Slamming Door On Tyreek Hill Trade?

1:03pm: Armstead intends to reduce his pact to the veteran’s minimum, NFL Network’s Ian Rapoport reports. That is another strong indication he will hang up his cleats, but substantially reducing his base pay will ease the burden of his retirement on the Dolphins’ cap situation. Acquiring depth at the left tackle spot (and others up front) will of course remain a key Miami priority, but the team will soon have added flexibility to do so.

11:29am: Terron Armstead has not given the Dolphins an answer on his 2025 plans, but the team is prepared to move on if need be. Miami is currently operating as though its three-year left tackle will not be back.

The 12-year veteran was not committed to playing in 2024 coming out of the team’s frigid wild-card loss in Kansas City, but he decided to come back. Miami still drafted his heir apparent, choosing Patrick Paul in Round 2. Paul would be in line to take over opposite Austin Jackson if Armstead retired.

He’s going to take his time with his family and loved ones and make that decision because it’s not an easy one,” Mike McDaniel said (via C. Isaiah Smalls II) at the Combine. “But we will be operating as though we’re moving on in that way simply for the execution of free agency and the draft.

Armstead, 33, is tied to a nonguaranteed $13.3MM base salary for the 2025 season. He is signed through 2026. The Dolphins went through with a restructure last year, and that will help create a dead money bill if the Pro Bowler retires. If the former Saints draftee walks away this year, the Dolphins will take on $18.4MM in dead cap. But they have a hopeful successor ready.

Paul made three starts last season, as Armstead played well while matching his career high by making 15 starts in a season. For a Dolphins team that has seen injuries largely define Tua Tagovailoa‘s career, losing Armstead will sting. The team is planning to make other O-line updates this offseason as well.

While Miami is not certain to have Armstead, it is safe to say the team is not 100% on retaining Tyreek Hill as well. The mercurial wideout has since backtracked on what appeared to be a clear trade demand, when he refused to reenter a Week 18 game against the Jets. That preceded a call for a South Florida exit. Hill, who will turn 31 this week, attempted to walk it back during Super Bowl week. But the Dolphins have not unequivocally stated (via NFL.com’s Cameron Wolfe) they are prepared to retain him after the January dustup.

The Dolphins reworked Hill’s contract to provide the future Hall of Famer with a significant guarantee boost. It would cost them just more than $28MM in dead money in a pre-June 1 trade; that would approach the wide receiver dead cap record the Bills set when they moved Stefon Diggs last year. The Dolphins are believed to be prepared to hear offers for Hill.

Hill is still signed through 2026, but his antics and off-field history do not make him a particularly stable investment — the two 1,700-yard seasons notwithstanding. If the Dolphins want to move on from this level of WR talent, doing so before his age-31 season would naturally yield a better return compared to the team cutting the cord next year. In an offseason in which Cooper Kupp and Deebo Samuel are expected to move, Hill is a variable to watch as well.

As for Hill’s wrist rehab, McDaniel confirmed (via Wolfe) the nine-year vet did undergo surgery. But Hill did not suffer a broken wrist; the surgery instead addressed ligament damage. Hill is expected to be fine for training camp.

Minor NFL Transactions: 2/24/25

One minor move to pass along:

Miami Dolphins

After getting waived by the Seahawks last week, “Bump” Cooper has already found a new home in Miami. The cornerback bounced around a bit during his rookie season. The UDFA earned a spot on the Ravens practice squad and even got into a game with the big-league club before getting waived. He spent the rest of the 2024 campaign on Seattle’s practice squad, and he was retained via a reserve/futures contract before getting cut.

 

Tyreek Hill May Have Undergone Wrist Surgery

Tyreek Hill played through a torn ligament in his wrist during the 2024 campaign. Surgery was put off to allow him to play for the Dolphins, but it appears a procedure has now taken place.

Those remarks have since been walked back, and the team is not looking to move forward with a trade. Nevertheless, it would come as little surprise if interest were to be shown this offseason. Obviously, Hill’s health will be key in establishing his market, although it is not certain at this point that he underwent surgery. The Dolphins declined to comment when asked by the Miami Herald to confirm the procedure.

[SOURCE LINK]

Panthers Re-Sign QB Andy Dalton

FEBRUARY 21: The deal is now official, and Over the Cap notes Dalton’s locked in compensation includes a $2.65MM signing bonus. Thanks to a 2027 void year, his cap charges will check in at $3.2MM and $5.85MM for the next two seasons while serving as a cost-effective backup in Carolina.

FEBRUARY 18: The Panthers have signed quarterback Andy Dalton to a two-year, $8MM extension, per ESPN’s Adam Schefter. The deal includes $6MM in fully guaranteed money with a maximum value of $10MM.

Dalton will be under contract in Carolina through the 2026 season and can continue his mentorship of former No. 1 overall pick Bryce Young, with whom he has a “close relationship,” according to Schefter.

Both quarterbacks earned praise from within and without the Panthers organization for how they handled the tumultuous 2024 season. Young was benched after just two games with Dalton starting Weeks 3 through 7. In that span, he completed 106 of his 159 passes for 989 yards, seven touchdowns, and six interceptions.

The Panthers went 1-4 with Dalton under center before a car accident sidelined him in Week 8, giving Young another opportunity to start. Dalton only missed one game, but Young held onto the starting gig on a week-to-week basis. After increasingly positive pronouncements from head coach Dave Canales, Young was finally declared the full-time starter to close out the season.

The Panthers have backed Young as their starter in 2025, but the maturity and experience Dalton demonstrated last season was worth keeping around. He is entering his 15th season and will turn 38 years old in October, so this could be his last contract. With at least $6MM coming his way, Dalton’s career earnings will be at least $115MM, per OvertheCap, and could reach $120MM if he hits the maximum value of the deal.

Dalton’s extension with the Panthers will keep him from hitting free agency, where he was expected to draw interest in the backup quarterback market. The Dolphins explored trading for Dalton last September, per Barry Jackson of the Miami Herald, and were expected to renew their pursuit if he became available in March. Instead, they will likely pivot to Marcus Mariota, provided the Commanders don’t follow the Panthers’ lead and re-sign their veteran backup.

2025 NFL Franchise Tag Candidates

Last year’s salary cap spike created another opportunity for teams to retain talent, and once the upcoming cap surge (roughly $25MM) produces a number, the 2020 CBA will have produced four straight single-year jumps by at least $16MM. These climbs, which dwarf the per-year jumps the 2011 CBA brought, have both helped teams retain talent and pay for free agents while also ballooning the costs of franchise tags.

That said, last year featured eight players given the franchise tag and one (Kyle Dugger) receiving the transition tender. Illustrating the cap climb’s impact, eight of those nine players landed extensions. None of them occurred near the July 15 extension deadline for tagged players, leaving only the Bengals and Tee Higgins‘ non-negotiations still outstanding by the time the usually action-packed stretch arrived. Higgins is back among this year’s lot of potential tag recipients, but not as many players join him.

We are now in Year 33 of the franchise tag, a retention tool that came about during the same offseason in which full-fledged free agency spawned. With clubs having until 3pm CT on March 4 to apply tags, here is who may be cuffed:

Likely tag recipients

Tee Higgins, WR (Bengals)
Tag cost: $26.18MM

It never made too much sense for the Bengals to pass on tagging Higgins, who would at least — in the event the team would squash Joe Burrow‘s crusade to retain the veteran Ja’Marr Chase sidekick — fetch draft capital in a trade. A second Higgins tag comes in at 120% of his 2024 tag price ($21.82MM). It would be interesting if the Bengals went from not negotiating with Higgins during his four months on the tag last year — and generally being prepared to move on in 2025 — to circling back and paying him a market-value deal, but that does seem to be in play.

Burrow’s push would see the team having roughly $70MM per year allocated to the receiver position; that would squash where even the Eagles and Dolphins have gone for their high-end wideout duos. Higgins, 26, was unable to market his age-25 season thanks to the tag. If the latest rumors surrounding the former second-round pick are accurate, he would be kept off the open market once again. That is a fairly significant window to miss; then again, he would have banked $48MM during that period.

The Bengals are projected to carry more than $53MM in cap space, making this a solution they can afford. But after extensive negotiations with Chase last year and Burrow stumping for Higgins, the team has an important decision to make soon.

Cincinnati has less than two weeks to give Higgins a long-term deal. It would mark quite the about-face to do so. The organization has not seriously negotiated with the WR since the first half of 2023, and even when talks did commence, no proposal came too close to $20MM per year. Those talks predictably broke down, and Higgins’ new price is believed to be around $30MM. With plenty of suitors awaiting — the cap-rich Patriots among them — that would be doable for the 6-foot-4 target, who is coming off a better season compared to his 2023 showing.

Higgins zoomed back to his usual form by hauling in 73 passes for 911 yards and a career-high 10 touchdowns; his 75.9 yards per game trailed only his 2021 number (77.9). Higgins, however, missed five games for a second straight season. Hamstring and quad injuries kept Higgins off the field last year, but his market does not appear to have cooled as a result. At worst, the Bengals could fetch Day 2 draft capital in a trade. A first-round pick may be tougher here due to an acquiring team needing to authorize a pricey extension, but teams have been calling ahead of the past two deadlines. Cincinnati still has options, but its Higgins plans will certainly need to be run by Burrow given how much he has stumped for the team to retain the five-year vet.

On tag radar

Sam Darnold, QB (Vikings)
Projected tag cost: $42.39MM

Rumors have not pointed to a clear-cut plan here. At least, the Vikings’ vision for their would-be bridge QB has not become public. But the sides are still talking. Minnesota saw the formerly underwhelming starter break through at 27, taking advantage of the Vikings’ weaponry and Kevin O’Connell‘s ability to coach up quarterbacks. Darnold earned original-ballot Pro Bowl acclaim, throwing 35 touchdown passes (to 12 INTs) and smashing more career-high marks in yardage (4,319) and completion percentage (66.2). Previously in place to hold down the fort while J.J. McCarthy developed, Darnold saw the rookie’s meniscus tear change his Twin Cities outlook.

McCarthy has undergone two surgeries and may have a long way to go in his rehab. As McCarthy went down before playing a regular-season snap, it would make sense for the Vikings to give strong consideration to cuffing Darnold as a pricey insurance measure. On the other hand, the Vikings have a few key performers set to hit the market soon. Byron Murphy, Camryn Bynum and Aaron Jones are moving toward the market. A Darnold cap hold of more than $40MM would clog Minnesota’s payroll ahead of free agency, though the team is projected to carry $63.3MM in space.

Darnold’s late-season letdown undoubtedly factors into the Vikes’ equation, as $42.39MM can be viewed as a bit steep for a player who did not consistently impress in New York or Carolina. But Darnold has proven he can excel in O’Connell’s system. As we detailed on a recent Trade Rumors Front Office post, a multiyear deal for Darnold would not make as much sense; the team still has high hopes for McCarthy. Unless the Vikings plan to entertain the expected trade calls for last year’s No. 10 overall pick, the only way Darnold would stay would be via the tag.

A tag would not be in Darnold’s best interests, as the soon-to-be 28-year-old passer has rare momentum ahead of an offseason featuring several teams with QB needs. A much-criticized draft class at the position would also benefit Darnold, who has been linked to potentially scoring a Baker Mayfield-like deal (three years, $100MM). With the cap now climbing to around $280MM, the seven-year vet could conceivably aim higher. The Vikings hold the cards here in the meantime, as this represents one of the more interesting tag decisions in several years.

Big markets await otherwise

Jevon Holland, S (Dolphins)
Projected tag cost: $20.13MM

Already cutting Raheem Mostert, Kendall Fuller and Durham Smythe to save space, the Dolphins are not expected to roll out a tag for Holland. This would mark a second straight year the Dolphins will send one of the top free agency-eligible players to the market. Miami let Christian Wilkins and Robert Hunt walk in 2024; each lineman signed a top-market deal. Holland would be expected to follow suit, as the former second-round pick has started 57 games and is going into his age-25 season. The Dolphins are projected to hold barely $1MM in cap space, mandating more moves ahead of the 2025 league year.

The British Columbia, Canada, native has five career sacks, five picks and five forced fumbles. This comes along with 25 pass breakups. The past two free agencies have seen one safety check in much higher than his peers contractually, with Jessie Bates (four years, $64MM) and Xavier McKinney (4/67) scoring top-five contracts. The latest cap spike will help Holland, who can aim for the $16MM-AAV Bates tier as a floor.

Although PFF viewed Holland as better under Vic Fangio (third overall) than Anthony Weaver (56th), the months-long Miami extension candidate will still do very well if he hits the market. Extension talks with the Oregon alum did not pick up before last season, and the Dolphins appear close to losing another quality starter early in free agency.

Trey Smith, G (Chiefs)
Projected tag cost: $25.8MM

Over the past 15 years, only two guards have been tagged: Brandon Scherff and Joe Thuney. Washington cuffed Scherff twice, letting him walk in 2022. New England kept Thuney as a placeholder during a busy 2020 on the tag front. Both players scored then-guard-record deals on the open market. Smith is expected to follow suit, as the Chiefs are viewed as unlikely to apply this pricey placeholder on their four-year right guard starter. Despite having attempted to extend Smith for a bit last summer, the former sixth-round find remains unsigned.

Kansas City looks likely to go left tackle shopping, as Thuney proved overmatched in his final fill-in assignment there, and its four-year LG starter is under contract for one more season. The Chiefs’ four-year, $80MM Jawaan Taylor misstep carries an already-guaranteed 2025 base salary ($19.5MM), thanks to the ex-Jaguar RT being on the Chiefs’ roster last March, and the team handed All-Pro Creed Humphrey a deal that easily made him the NFL’s highest-paid center. Losing Smith may be the cost of doing business, unless the three-time defending AFC champions can craft an 11th-hour solution to keep the 25-year-old Pro Bowler via the tag.

Ronnie Stanley, T (Ravens)
Projected tag cost: $25.8MM

It is highly unlikely the Ravens use the tag here, as they already gave Stanley a pay cut in 2024. That said, Baltimore wants to work something out with its longtime left tackle. Stanley’s injury history also would make a $25.8MM guarantee lofty, but this also could be a placeholder to ensure he does not leave in free agency. The Ravens lost three O-line starters in 2024, and this is the costliest position up front.

Then again, the Ravens faced a similar situation in 2019, and they let C.J. Mosley walk rather than overpay on the tag. The Ravens have used the tag in each of the past two offseasons, but it was to retain younger players (Lamar Jackson, Nnamdi Madubuike). They currently are projected to carry barely $12MM in cap space. As PFF notes, only six players 28 and older have been tagged over the past five years. No player over 30 has been tagged since the Bengals retained A.J. Green in 2020. Green was 32 that season; Stanley will turn 31 in March.

The Garett BollesDion DawkinsTaylor Decker tier, as our Nikhil Mehta pointed out, may be the place to watch for Stanley, who reestablished momentum last season after playing 17 games for the first time in his career and making the Pro Bowl. He is in position to command a nice third contract. Will it come from the Ravens? After the tag window closes, Baltimore has until March 10 to negotiate exclusively with the nine-year blocker.