Patriots Sign TE Jonnu Smith
One of the top tight ends on the market is off the board. The Patriots have agreed to terms on a deal with free agent Jonnu Smith, his agent Drew Rosenhaus told Adam Schefter of ESPN.com (Twitter link).
It’s a big one, as Smith is getting a whopping $50MM over four years with $31.25MM guaranteed. What a way for New England to kick off free agency, and it’s one of the biggest investments Bill Belichick has made in a skill position player in years. Tight end was a clear need for the Pats this offseason, as the team got virtually nothing from the position in 2020. Ryan Izzo led the team’s tight ends with 13 catches for 199 yards and no touchdowns. They haven’t really gotten anything out of it since Rob Gronkowski walked away.
A third-round pick of the Titans in 2017, Smith never truly broke out but flashed a lot of potential during his four years in Tennessee. Stuck behind Delanie Walker for his first couple pro seasons, Smith had his best year yet in 2020.
In 15 games and 14 starts, he had 41 catches for 448 yards and an impressive eight touchdowns. He’ll now be catching passes from Cam Newton, or whoever else Belichick brings in under center. If your team is still looking for a tight end don’t worry, solid options like Hunter Henry, Kyle Rudolph, and Jared Cook are still all on the market.
As Doug Kyed of NESN.com was quick to tweet, Belichick lavished Smith in praise a little over a year ago, calling him the best tight end in the league after the catch.
Patriots Trade OT Marcus Cannon To Texans
New Texans GM Nick Caserio is bringing in a familiar face. According to Ian Rapoport of NFL.com, Houston will acquire OT Marcus Cannon from the Patriots, and Aaron Wilson of the Houston Chronicle reports that the two clubs will exchange draft positions in the 2021 fourth round, fifth round, and sixth round (Twitter links).
After the Pats traded for Trent Brown last week, speculation concerning Cannon’s roster spot began to pick up. Many assumed that New England would let him go in order to create $6.3MM of cap space, but the club managed to get its cap relief while also upgrading its picks in the middle rounds of next month’s draft.
As Field Yates of ESPN.com tweets, Cannon will likely be shifted to guard in Houston, as the Texans are set at right tackle with Tytus Howard. Cannon is owed $4.7MM in each of the next two seasons, so his salary isn’t prohibitive for a guard, and he did play on the interior earlier in his career.
Cannon opted out of the 2020 season due to COVID-19, and as Mike Reiss of ESPN.com writes, the soon-to-be 33-year-old had yet to return to New England for a physical examination/workout. Obviously, the Texans are not overly concerned about Cannon’s health at this point, and though their new acquisition showed signs of decline in 2018-19, a move back to guard could help his performance.
This is the second trade the Texans have swung today, following this morning’s deal that will send inside linebacker Benardrick McKinney to Miami in exchange for edge defender Shaq Lawson. And according to Dianna Russini of ESPN.com (via Twitter), LB Whitney Mercilus might also be on his way out of Houston.
AFC West Notes: V. Miller, Henry, T. Brown
Here’s a quick roundup of some AFC West rumblings:
- There is still no clarity on whether the Broncos will bring back LB Von Miller in 2021. As Mike Klis of 9News.com writes, new Denver GM George Paton met with Miller for the first time last week, and Klis believes a paycut is no longer on the table. Miller is due an $18MM salary in 2021, and by March 16, Paton must decide whether to pick up an option that would guarantee $7MM of that $18MM payout. While the Broncos would prefer to have Miller take a cut, given that he missed the entire 2020 season, J.J. Watt‘s new $14MM/year deal with the Cardinals suggests that Miller would be disinclined to do so. Which means that Paton has the difficult task of deciding between a major financial hit for an aging star coming off a serious injury and releasing one of the greatest defensive players in franchise history. The good news is that Miller appears to be back to full speed, at least according to a workout video he recently posted to Instagram.
- The Chargers decided against putting the franchise tag on TE Hunter Henry, but Henry is still open to returning to the Bolts. “I will say I’m not ruling out the Chargers,” Henry recently told TMZ Sports. “I’m not ruling out the Chargers and I won’t rule out the Chargers.” Though Henry comes with some health concerns, he is also just 26 and still has the chance to be one of the league’s top receiving TEs. He also has the chance to serve as one of Justin Herbert‘s top targets for the foreseeable future — a proposition that he admits could lead him back to LA — but he will have no shortage of suitors when the legal tampering period opens tomorrow.
- Before he was traded to the Patriots, former Raiders tackle Trent Brown was considered a release candidate. But as Jeff Howe of The Athletic tweets, Vegas had no intention of cutting Brown (at least not yet). The club planned to bring him to training camp to earn his keep, but New England’s offer, along with Brown’s willingness to rework his contract, triggered the deal. Still, Brown’s hold on his roster spot in Vegas couldn’t have been very strong, as the Raiders dealt him and a 2022 seventh-rounder for a 2022 fifth-rounder.
Latest On Patriots, Jimmy Garoppolo
The financial details of the Patriots’ new deal with Cam Newton make it clear that New England is leaving its options open with respect to the quarterback position, and the Jimmy Garoppolo rumblings continue to persist. In a recent appearance on the PFT PM podcast, Tom Curran of NBC Sports Boston said a New England-Garoppolo reunion remains a possibility even after the Newton re-up (via Mike Florio of Pro Football Talk).
Of course, the 49ers would need to make Garoppolo available via trade, and that situation is a little murky. San Francisco GM John Lynch said last month that he had no doubt Garoppolo would be his starting QB in 2021, but just a few days later, a report surfaced indicating that Jimmy G was still on the trade block.
According to Florio, the Niners continue to seek an upgrade, and if they find one, obviously Garoppolo would stand to be dealt. Though he would need to waive his no-trade clause, that probably wouldn’t be a problem if San Francisco brings in, or is planning to bring in, a player that could pose a threat to his starting job.
As Mike Reiss of ESPN.com points out, getting a legitimate quarterback under contract was key for the Patriots with free agency opening this week. Although there are plenty who believe Newton is simply not a viable starter anymore, he is still a beloved figure among players, and the Pats — who have among the most salary cap space in the league — figure to be active players in the market. The club has been connected to some of the top receivers and tight ends available, and those players would probably not even consider Foxborough if Jarrett Stidham was the only passer on the roster. So while the Newton deal doesn’t assure him of anything, it needed to be done.
For his part, Newton expects to take a major step forward in 2021 if given the opportunity. He recently posted a hype video to Instagram promising a return to form next season, and depending on how things shake out in free agency and the draft, he just might get that chance. If nothing else, the fact that the Pats brought him back suggests that the team believes he could look more like his old self with a better complement of weapons surrounding him.
Patriots Re-Sign QB Cam Newton
2:17pm: Newton’s contract marks a raise from his 2020 Patriots pact, but incentives comprise much of the deal. The former MVP passer’s accord carries a $5MM base value, Mike Garafolo of NFL.com tweets. This includes a $2MM signing bonus and $1.5MM guaranteed. The deal also contains $1.5MM in per-game roster bonuses, per Garafolo, who adds the other $9MM is tied to incentives.
9:45am: The Patriots will re-sign quarterback Cam Newton to a one-year deal, as ESPN.com’s Adam Schefter tweets. The new deal could be “worth close to” $14MM, though the details of the deal are unclear. 
Newton’s new contract will not preclude the Patriots from adding another quarterback this offseason, Schefter hears. From the sound of it, Newton’s base value is rather low, making this yet another low-risk/high-reward pact for the Patriots.
Newton joined the Patriots last offseason to replace Tom Brady. Starting in 15 games, Newton threw for 2,657 yards while completing 65.8% of his throws — more accurate than most of his NFL seasons. Unfortunately, he also threw for just eight touchdowns against ten interceptions.
Newton started strong, but the former MVP dovetailed later in the year. His COVID-19 interruption didn’t help matters; nor did injuries to Julian Edelman, David Andrews, and Rex Burkhead. All in all, Newton went 7-8 as a starter and the Patriots finished 7-9.
Still, Bill Belichick reportedly loved coaching Newton. Despite concerns about his arm strength and his long-term health, the Patriots were happy to re-up Newton for another low-cost season.
Patriots Re-Sign Justin Bethel
The Patriots have agreed to a brand new deal with special teams standout Justin Bethel (Twitter link via ESPN.com’s Mike Reiss). The new three-year, $6MM deal will tie Bethel to the Pats through 2023.
[RELATED: Patriots Re-Sign QB Cam Newton]
Early in his career, Bethel made a name for himself with the Cardinals. He made the Pro Bowl every year from 2013-2015 and stayed with the club through ’17. Then, he moved around a bit, spending time with the Falcons and Ravens before finding his place with the Patriots.
Roughly one year ago today, Bethel had surgery to repair a shoulder issue that had been hindering him. Fortunately, he was able to bounce back for the start of the season and appear in all 16 games for New England in 2020.
N’Keal Harry Drawing Trade Interest
Several wide receivers from the 2019 draft class have become standouts. Despite being a first-round pick, N’Keal Harry is not among them. But the Patriots wideout has shown flashes in his abbreviated tenure. His inconsistent production, however, appears to have teams wondering if the Patriots have seen enough.
Teams are calling the Pats about Harry, according to Mike Garafolo of NFL.com (video link). Two years remain on Harry’s rookie contract, with a fifth-year option decision not due until 2022. However, Harry is a bit off the option radar at this point.
New England selected Harry with the last pick in the 2019 first round. The 6-foot-4 Arizona State product has totaled only 414 receiving yards and four touchdowns in 21 games. But he has not exactly been thrust into ideal circumstances.
Harry missed the first half of his rookie season due to injury and did not contribute much in Tom Brady‘s final months with the franchise. The COVID-19 pandemic keeping players away from team facilities prevented Harry from working with Cam Newton, who did not sign until late June, during the 2020 offseason. Newton’s subsequent struggles limited New England’s passing game, with Harry undoubtedly contributing a bit to the veteran passer’s woes.
Were they to deal Harry this offseason, the Patriots would be selling quite low. Neither of his final two rookie-contract cap numbers surpass $3.5MM. Teams also will have an abundance of receivers to choose from in free agency, and this draft is expected to feature another strong wideout crop. The Pats will surely add to their present group, and it will be interesting to see where Harry stands when they are done doing so.
NFL Announces Compensatory Picks For 2021 Draft
The NFL has awarded compensatory draft picks for teams in the 2021 draft.
These picks are awarded to the teams that suffered the most significant free agent losses during the 2020 offseason. This year, the NFL awarded 36 comp picks. The comp pick formula assigns picks who suffered the largest net losses, so teams that signed multiple free agents have a lesser chance of receiving picks. The Cowboys top the list (shared below) with a league-high four selections.
A change to this year’s formula took place, with the NFL awarding four picks to teams who saw one of their minority staffers become a head coach or GM. The 49ers, Rams, Ravens and Saints earned third-round comp picks this year. They will receive additional third-rounders in 2022. The Rams added a third-rounder after losing college scouting director Brad Holmes (Lions GM); the Ravens lost quarterbacks coach David Culley (Texans HC); the Saints lost assistant GM Terry Fontenot (Falcons GM). In losing VP of player personnel Martin Mayhew (Washington GM) and defensive coordinator Robert Saleh (Jets HC), the 49ers will have an additional third-round pick in 2023 as well.
Here’s the full breakdown, by round and by team:
By round:
Round 3: Patriots (No. 96 overall), Chargers (97), Saints (98), Cowboys (99), Titans (100), Rams (101), 49ers (102)*, Rams (103)*, Ravens (104)*, Saints (105)*
Round 4: Cowboys (No. 139 overall), Patriots (140), Steelers (141), Rams (142), Packers (143), Vikings (144), Chiefs (145)
Round 5: Packers (No. 178 overall), Cowboys (179), Falcons (180), 49ers (181), Chiefs (182), Falcons (183), Ravens (184)
Round 6: Buccaneers (No. 217 overall), Saints (218), Falcons (219), Packers (220), Bears (221), Panthers (222), Vikings (223), Eagles (224), Eagles (225), Panthers (226), Cowboys (227), Bears (228)
By team:
- Dallas Cowboys (4)
- Atlanta Falcons (3)
- Green Bay Packers (3)
- Los Angeles Rams (3)
- New Orleans Saints (3)
- Baltimore Ravens (2)
- Carolina Panthers (2)
- Chicago Bears (2)
- Kansas City Chiefs (2)
- Minnesota Vikings (2)
- New England Patriots (2)
- Philadelphia Eagles (2)
- San Francisco 49ers (2)
- Los Angeles Chargers (1)
- Pittsburgh Steelers (1)
- Tampa Bay Buccaneers (1)
- Tennessee Titans (1)
* = special compensatory selection
NFL’s Fifth-Year Option Salaries For 2021
The NFL’s 2021 salary cap has been set at $182.5MM, marking the league’s first reduction in a decade. With that, the league has also ironed out the value of this year’s fifth-round option for 2018 first-round picks.
Here’s the full rundown, via NFL.com’s Tom Pelissero (on Twitter):
1. Baker Mayfield, Browns, QB — $18.858MM (playing time)
2. Saquon Barkley, Giants, RB — $7.217MM (1x Pro Bowl)
3. Sam Darnold, Jets, QB — $18.858MM (playing time)
4. Denzel Ward, Browns, CB — $13.294MM (1x Pro Bowl)
5. Bradley Chubb, Broncos, LB — $12.716MM (1x Pro Bowl)
6. Quenton Nelson, Colts, G — $13.754MM (2x Pro Bowl)
7. Josh Allen, Bills, QB — $23.106MM (1x Pro Bowl)
8. Roquan Smith, Bears, LB — $9.735MM (playing time)
9. Mike McGlinchey, 49ers, OT — $10.88MM (playing time)
10. Josh Rosen, Cardinals, QB*
11. Minkah Fitzpatrick, Steelers, S (drafted by Dolphins) — $10.612MM (2x Pro Bowl)
12. Vita Vea, Buccaneers, DT — $7.638MM
13. Daron Payne, Washington, DT — $8.529MM (playing time)
14. Marcus Davenport, Saints, DE — $9.553MM
15. Kolton Miller, Raiders, OT — $10.88MM (playing time)
16. Tremaine Edmunds, Bills, LB — $12.716MM (1x Pro Bowl)
17. Derwin James, Chargers, S — $9.052MM (1x Pro Bowl)
18. Jaire Alexander, Packers, CB — $13.294MM (1x Pro Bowl)
19. Leighton Vander Esch, Cowboys, LB — $9.145MM
20. Frank Ragnow, Lions, C — $12.657MM (1x Pro Bowl)
21. Billy Price, Bengals, C — $10.413MM
22. Rashaan Evans, Titans, LB — $9.735MM (playing time)
23. Isaiah Wynn, Patriots, OT — $10.413MM
24. D.J. Moore, Panthers, WR — $11.116MM (playing time)
25. Hayden Hurst, Falcons, TE (Drafted by Ravens) — $5.428MM
26. Calvin Ridley, Falcons, WR — $11.116MM (playing time)
27. Rashaad Penny, Seahawks, RB — $4.523MM
28., Steelers, S Terrell Edmunds — $6.753MM (playing time)
29. Taven Bryan, Jaguars, DT — $7.638MM
30. Mike Hughes, Vikings, CB — $12.643MM
31. Sony Michel, Patriots, RB — $4.523MM
32. Lamar Jackson, Ravens, QB — $23.106MM (1x Pro Bowl)
* Rosen was released from his original contract and, therefore, is not option-eligible
As a refresher, the fifth-year option year is now fully guaranteed. In the past, it was guaranteed for injury only. The values are also dependent on certain performance metrics:
- Two-time Pro Bowlers (excluding alternate Pro Bowlers) will earn the same as their position’s franchise tag.
- One-time Pro Bowlers will earn the equivalent of the transition tag.
- Players who achieve any of the following will get the average of the 3rd-20th highest salaries at their position:
- 75%+ snaps in two of their first three seasons
- 75%+ average across all three seasons
- 50%+ in each of first three seasons
- Players who do not hit any of those benchmarks will get the average of the 3rd-25th top salaries at their position.
Patriots Won’t Tag Joe Thuney
After taking on Trent Brown, the Patriots have decided against using the franchise tag on Joe Thuney (Twitter link via ESPN.com’s Adam Schefter). As a second-time tag, the offensive lineman would have been in line for about $17.7MM. 
[RELATED: Raiders Trade Trent Brown To Patriots]
The Patriots stunned everyone last year by tagging Thuney. Historically, the Patriots have been comfortable with allowing high-priced free agents to walk and the league, for some reason, puts guards and tackles in the same category for the franchise tag. Still, they were willing to give Thuney “tackle money” on a one-year, ~$14.8MM deal.
Thuney, 29 in November, has started in all 80 of his games for the Pats over the last four seasons. In 2018 and 2019, he graded out as one of the five best offensive guards in the NFL, per Pro Football Focus’ advanced metrics. He slipped ever so slightly this past season, placing him at No. 10. With Thuney out of the picture, the Patriots will likely use Trent Brown at left tackle while shifting Isaiah Wynn to left guard.
On the open market, Thuney will likely seek something in the range of $14MM per annum. A five-year, $70MM deal would position him as the highest-paid left guard in the NFL, topping Andrew Norwell‘s $66.5MM deal.