NFL Restructures: Broncos, Bosa, Burns, Granderson, Tranquill
Teams around the NFL have been engaging in their usual financial gymnastics to create enough cap space to sign new players – or for some – simply retain the ones already under contract.
The Broncos restructured Quinn Meinerz‘s deal earlier in the week to ensure they were compliant with the 2026 salary cap by the start of the new league year on Wednesday. But with more than a dozen signings – including multi-year pacts with Alex Singleton, J.K. Dobbins, and Adam Trautman, plus a second-round restricted free agent tag signed by Ja’Quan McMillian – Denver needed to free up more cap space.
To do so, they completed a restructure of outside linebacker Jonathon Cooper‘s contract, per Luca Evans of the Denver Post. His salary was reduced to the veteran minimum with $10.2MM converted into a signing bonus that was prorated across the remaining five years of the contract, which includes two added void years. Cooper’s 2026 cap hit dropped by $8.2MM to $5.78MM as a result, with $17.55MM cap hits now scheduled for 2027 and 2028, per OverTheCap.
The Broncos also altered the contract of guard Ben Powers. He was set to earn a $500k roster bonus on Sunday, but that has instead been moved into his base salary for the season, according to Chris Tomasson of the Denver Gazette.
Powers was viewed as a potential cap casualty entering the final year of his deal, but the team affirmed their commitment to him before free agency. However, this move – pushing a financial obligation months into the future – indicates that Denver may still be open to moving on the seven-year veteran after re-signing Alex Palczewski at the beginning of the month.
Here are some other recent restructures from around the NFL:
- The 49ers restructured defensive end Nick Bosa‘s contract to clear $17.7MM in salary cap space, per Jason Fitzgerald of OverTheCap. Like Cooper, his salary was reduced to the veteran minimum by converting $21.465MM to a signing bonus and prorating it across the four remaining years of the contract plus one new void year. His cap hits in each of those seasons has risen by $4.293MM as a result.
- The Giants also restructured a starting edge rusher, like the Broncos with Cooper and the 49ers with Burns, though they did not add any void years to his deal to maximize the cap savings from the move. $22.75MM of Brian Burns‘ 2026 salary was converted to a signing bonus and prorated across the remaining three years of the contract. The move yields $15.16MM in cap savings this year, though ESPN’s Jordan Raanan notes that the money is for “operating funds” – such as contracts for the upcoming draft class – as opposed to another major free agency signing. Burns will now have cap hits of just over $44MM in 2027 and 2028, which will likely cause the Giants to explore another extension next offseason to reduce those obligations.
- Chiefs linebacker Drue Tranquill accepted a pay cut in the last year of his contract, per NFL Network’s Mike Garafolo. He was previously due a non-guaranteed salary of $6MM; now, he will make $3.5MM with $3MM of his guaranteed. The deal ensures Tranquill will remain in Kansas City in 2026, his fourth season with the team.
- The Saints already began their annual tradition of restructuring most of their top contracts to become cap-compliant before the start of the new league year, and they added another to the ledger this week with an edge rusher of their own. Carl Granderson‘s $2MM roster bonus and $9.45MM of his 2026 salary was converted into a signing bonus and prorated across the remaining four years of the contract, per Fitzgerald. Interestingly, the Saints, who have been one of the NFL’s most aggressive teams in terms of using void years, did not add another void year to Granderson’s deal (which already contained two) to maximize their cap savings, according to ESPN’s Katherine Terrell. As a result, his 2026 cap hit was reduced by $8.59MM, creating a $20.924MM cap hit in 2027.
Saints, G Dillon Radunz Agree To Deal
The Saints are retaining free agent guard Dillon Radunz. The parties have agreed to a two-year contract, Katherine Terrell of ESPN reports.
The Titans spent a 2021 second-round pick on Radunz, who did not become a regular until his third year. The North Dakota State product started in five of 23 games over his first two seasons, during which he saw time at both guard spots and left tackle. A torn ACL limited Radunz to 11 games in 2022, but he bounced back to start in 11 of 16 the next season. Aside from center, Radunz played every O-line position in 2023.
Although Radunz served as the Titans’ No. 1 right guard during a 15-game 2024, they let him walk in free agency last March. He settled for the Saints’ one-year offer and wound up starting 10 times in 15 games. Almost all of his snaps (693 of 699) came at left guard.
After Pro Football Focus rated Radunz a lackluster 72nd of 79 qualifying guards in 2025, the Saints entered the offseason seeking help at the position. New Orleans found it in former Ram and Bill David Edwards, whom the team brought in on a lucrative deal when the league’s negotiating window opened Monday. Edwards and Cesar Ruiz are the Saints’ top guards, leaving Radunz as experienced depth behind them.
Saints To Bring Back LB Kaden Elliss
After three Falcons seasons, Kaden Elliss is returning to his original side in this NFC South rivalry. The Saints are bringing back the 2019 draftee.
Elliss is headed back to New Orleans on a three-year deal worth $33MM, NFL.com’s Ian Rapoport reports. The veteran linebacker will receive $23MM guaranteed, joining a Saints team that just lost cornerstone defender Demario Davis (to the Jets).
The 2019 seventh-round pick out of Idaho spent the first four seasons of his career in New Orleans. He mostly served as a special teamer through his first three campaigns, but he took on a larger defensive role in 2022. That season, he compiled 78 tackles and seven sacks, a number that still represents a career-high.
That performance ended up earning him a three-year, $21.5MM deal from the Falcons in 2023, and Elliss ended up playing out that deal in Atlanta. He turned into a true three-down linebacker during his stint with the Falcons, averaging more than 125 tackles and four sacks per season. This past year, he collected 107 stops and 3.5 sacks, with Pro Football Focus grading him 31st among 88 qualifying linebackers.
Now, he’ll return to a familiar spot in New Orleans, but it doesn’t sound like the Saints were his only suitor. According to ESPN’s Jeremy Fowler, Elliss was a popular target for many of his former coaches in spots like San Francisco and Cleveland. With the Saints, Elliss could slide into Davis’s spot atop the Saints LB depth chart, although the team is currently retaining the rest of their 2025 depth. This includes the likes of Pete Werner, Danny Stutsman, and Isaiah Stalbird.
Texans To Acquire P Kai Kroeger From Saints
Punter action has been plentiful during the first two days of free agency. Now, we have a punter trade to process. The Saints are sending their punter — Kai Kroeger — to the Texans, NFL.com’s Ian Rapoport reports.
[RELATED: Saints, P Ryan Wright Agree To Deal]
Kroeger and a 2028 seventh-round pick are headed to Houston, while New Orleans will receive a 2028 sixth-rounder. As a former UDFA, Kroeger is extension-eligible. Two years remain on Kroeger’s rookie contract; he punted in 17 games for the Saints as a rookie.
The South Carolina product initially joined the Jets as a UDFA but he was waived in late July. He was subsequently scooped up by the Saints, who were quick to make him their starting punter. The rookie was relatively productive in 2025, averaging 44.8 yards on his 56 punts, 18 of which landed inside the 20. While it wasn’t entirely his fault, Kroeger finished tied for the league-lead with two blocked punts.
However, the Saints pivoted at the position yesterday when they signed former Vikings punter Ryan Wright. That made Kroeger expendable, and now the sophomore is on his way to Houston. The Texans leaned on Tommy Townsend over the past two seasons, but the free agent apparently won’t be back in Houston for a third year.
NFL Restructures: Clark, Packers, Meinerz, Falcons, Saints, Eagles
As the Cowboys made another trade to acquire a higher-end Packers defender salary (Rashan Gary‘s four-year, $96MM deal), they are restructuring the one they added last summer. Dallas is reducing Kenny Clark‘s 2026 cap number with a restructure, per ESPN.com’s Todd Archer. As Connor Byrne’s Cowboys Offseason Outlook detailed, Clark was due an $11MM roster bonus Friday; Dallas is moving that into a signing bonus to open up $8.8MM in cap space. This will drop Clark’s cap number well south of its $21.5MM place, though it would create more dead money if he is not extended by the 2027 league year. An extension is on the Cowboys’ radar, even as the former first-round pick goes into an age-31 season. With Clark signed through 2027, however, it is possible this restructure will table any extension talks.
With the cap-compliance deadline less than 24 hours away, here are more restructure decisions:
- Trading Gary to the Cowboys and cutting Elgton Jenkins, the Packers are busy at work with cost-shedding moves. They also completed an Xavier McKinney restructure, per KPRC2’s Aaron Wilson. The move will save more than $9MM in space for Green Bay. McKinney will also secure an additional $11.54MM guaranteed — on top of his $23MM guarantee from March 2024 — according to Wilson, who adds the Pack included three void years to defray the bonus money. McKinney’s cap hit is down to $9.86MM.
- The Broncos have mostly used free agency to retain their own talent thus far, but the team is adding eight figures of cap space as of Tuesday. Denver is restructuring Quinn Meinerz‘s deal, according to the Denver Gazette’s Chris Tomasson, who notes this is a simple restructure of the All-Pro guard’s 2026 base salary. Moving it to a signing bonus, the Broncos will free up around $11MM. The Broncos sit mid-pack in cap space, holding more than $23MM.
- Troy Andersen will be part of the 2026 Falcons. At least, he will have an opportunity to contribute, with SI.com’s Garrett Chapman reporting the linebacker agreed to a restructure to avoid his contract tolling from 2025. Andersen missed all of last season, spending it on the reserve/PUP list. A player who spends the season on the PUP can see his contract toll in the final year of a deal; a knee injury sidelined the former second-round pick last season. This amounts to a de facto re-signing, since Andersen’s four-year rookie deal was set to expire Wednesday. The team confirmed the restructure, per Falcons.com’s Tori McElhaney and Will McFadden.
- One of the NFL’s long-running restructure hubs, the Saints are adding another before the league year begins. New Orleans is saving $7.36MM in cap space by restructuring Erik McCoy‘s deal, ESPN.com’s Katherine Terrell tweets. One void year is being added to the center’s contract. McCoy’s deal runs through 2027; three void years are now included.
- The Jaguars completed a simple restructure of center Robert Hainsey‘s deal, according to Spotrac, with the move saving the team $4MM in cap space. Three void years are now on Hainsey’s deal, Wilson adds.
- Michael Carter II will stay with the Eagles in 2026, but it sounds like he has agreed to a pay cut. Carter’s deal is being restructured in order for the 2025 trade acquisition to remain on the roster, The Athletic’s Zach Berman tweets.
NFL Announces 2026 Compensatory Picks
The NFL has awarded compensatory draft picks for teams in the 2026 draft. Based on an add/subtract formula that covers the 2025 free agency period, comp picks span from Round 3 to Round 7. The higher picks go to the teams that endured the most significant free agent losses.
This year, the NFL awarded 33 comp picks. The comp pick formula assigns picks to franchises who suffered the largest net losses, so teams that signed multiple free agents have a lesser chance of receiving picks.
Sorted by round and by team, here are the league’s 2026 compensatory selections:
By round:
Round 3: Vikings (No. 97), Eagles (98), Steelers (99), Jaguars (100, from Lions*)
Round 4: 49ers (No. 133), Raiders (134), Steelers (135), Saints (136), Eagles (137), 49ers (138), 49ers (139), Jets (140)
Round 5: Ravens (No. 173), Ravens (174), Raiders (175), Chiefs (176), Cowboys (177), Eagles (178), Jets (179), Cowboys (180), Lions (181)
Round 6: Steelers (No. 214), Eagles (215), Steelers (216)
Round 7: Colts (No. 249), Ravens (250), Rams (251), Rams (252), Ravens (253), Colts (254), Packers (255), Bronc0s (256), Broncos (257)
By team:
- Baltimore Ravens: 4
- Philadelphia Eagles: 4
- Pittsburgh Steelers: 4
- San Francisco 49ers: 3
- Dallas Cowboys: 2
- Denver Broncos: 2
- Indianapolis Colts: 2
- Las Vegas Raiders: 2
- Los Angeles Rams: 2
- New York Jets: 2
- Detroit Lions: 1
- Green Bay Packers: 1
- Jacksonville Jaguars: 1
- Kansas City Chiefs: 1
- Minnesota Vikings: 1
- New Orleans Saints: 1
* = awarded for Lions DC Aaron Glenn becoming Jets’ HC
The Bears lost a minority executive to a GM role, with Ian Cunningham taking over in Atlanta. But the NFL will not award Chicago two third-round picks for that hire because the Falcons have Matt Ryan positioned as their president of football. Although Cunningham — Chicago’s assistant GM for four years — holds plenty of organizational say, Ryan is atop its front office hierarchy. The Bears disagree with the NFL’s ruling, per NFL.com’s Mike Garafolo.
Bears GM Ryan Poles confirmed (via ESPN.com’s Courtney Cronin) the team spoke with the NFL about the matter, but the league did not rule in the team’s favor. Had this decision gone the Bears’ way, they would have received third-round picks in the 2026 and ’27 drafts.
Teams Eyeing Alvin Kamara In Trades
The Saints agreed to terms with Travis Etienne earlier today, putting Alvin Kamara‘s New Orleans future in jeopardy. Teams around the league are now wondering if Kamara could be traded.
Not interested in leaving New Orleans last year, Kamara may reasonably change his stance after the Etienne news. Teams are looking into this situation and wondering if a trade could happen, ESPN’s Adam Schefter tweets.
One season remains on Kamara’s $24.5MM extension. Kamara is due $3MM guaranteed for 2026. Our Rory Parks examined this situation recently, indicating the team’s most recent Kamara restructure was separate from a standard base-to-bonus adjustment and is something to keep an eye on regarding a potential separation. The Etienne news certainly points to Kamara’s Saints stay wrapping after nine seasons.
Kamara is heading into an age-31 season and is far removed from his Pro Bowl years. Teams showed interest in the former Sean Payton chess piece at the deadline, but the veteran running back said he would retire rather than be traded. Kamara then suffered an MCL sprain that shut him down for the season’s final six games.
It does not seem like Kamara would have too much trade value anymore, but teams would certainly be interested if the Saints cut him. A release would cost New Orleans more than $10MM in 2026 dead money. Such moves are not uncommon in New Orleans, the NFL’s epicenter for cap gymnastics. But this will be a situation to follow now that the Saints have added a true starter-caliber back for the first time since Mark Ingram’s initial departure.
Saints To Sign TE Noah Fant
The Saints are signing free agent tight end Noah Fant to a two-year deal, per NFL Network’s Tom Pelissero. After stints with the Broncos, Seahawks, and Bengals, the 2019 first-round pick will join his fourth team in New Orleans.
Fant, 20, appeared in 15 games in 2025 as Cincinnati’s No. 2 tight end behind Mike Gesicki. He finished the year with 34 catches for 288 yards and three touchdowns in 15 games, the lowest production of his career. With it, though, came improved run-blocking relative to the rest of his career. He received a 58.9 grade from Pro Football Focus (subscription required), his second-highest in seven years behind a career-best 59.6 grade in 2023.
That element of Fant’s game will be crucial to his ability to extend his career since he has never broken through as a high-end pass-catcher. In New Orleans, he will operate alongside Juwan Johnson, who ranked third among NFL tight ends in 2025 with 889 receiving yards. The Saints used Foster Moreau and Jack Stoll as their blocking tight ends, but Fant will bring more receiving upside to that role.
First drafted by the Broncos in 2019, Fant never lived up to his billing as an elite receiving threat. He put up solid numbers in his first three years in Denver and could very well have been on his way to more if not for the Russell Wilson trade. Fant went to Seattle in the deal, and he languished in a Seahawks offense that did not prioritize its tight ends. Johnson ate up almost all of the Saints’ targets at the position in 2025, but Fant might be more capable of taking advantage of mismatches in the passing game than his predecessors.
Saints, P Ryan Wright Agree To Deal
Ryan Wright will not remain in Minnesota after playing out his rookie contract there. He will instead become the Saints’ new punter.
Wright and New Orleans have agreed to a four-year deal, ESPN’s Adam Schefter reports. This will be a $14MM pact, he adds. Wright will collect $8MM in guarantees.
The Vikings used Wright as their punter for four seasons, but they will let him walk. As of Monday night, Minnesota does not have a punter on its offseason roster.
At $3.5MM per year, Wright becomes the NFL’s fifth-highest-paid punter — behind Jordan Stout, Michael Dickson, Logan Cooke and AJ Cole. The Giants reunited Stout with John Harbaugh on Monday, making the former Ravens specialist — at $4.1MM per year — the NFL’s highest-paid punter.
A former UDFA out of Cal, Wright will go from indoor confines in one city to another — albeit a much warmer locale. He finished last season with a 49-yard average per punt; that represented a career-best mark.
Saints, G David Edwards Agree To Deal
One of many notable guards set to reach the market has quickly lined up a deal. David Edwards is set to join the Saints in free agency.
Team and player agreed to terms on Monday, Ian Rapoport of NFL Network reports. Edwards will collect upwards of $15MM per season on this Saints accord, he adds. The Bills recently managed to prevent Connor McGovern from departing, but the same will not be true in this case.
Edwards entered the NFL as a fifth-round pick of the Rams in 2019. The former Wisconsin Badger started in 45 of his 53 regular-season Rams games, including all 17 during their Super Bowl-winning 2021 showing. A concussion suffered in 2022 held Edwards to four games that year and temporarily threw his career off track.
Heading into 2023, Edwards settled for the Bills’ modest one-year offer to reunite with ex-Rams offensive line coach Aaron Kromer. Although Edwards was a backup for his entire first season with the Bills, they thought enough of the 308-pounder to hand him a two-year, $6MM extension the next offseason.
Buffalo shifted McGovern from left guard to center in 2024, which opened up a spot for Edwards. He started in all 16 appearances and helped keep quarterback Josh Allen upright during an MVP-winning season. The Bills’ O-line yielded a league-low 14 sacks that year. The number skyrocketed to 40 in 2025, though Edwards was an effective member of a line that cleared the way for James Cook to win the rushing title. Over another 16-start campaign, Edwards finished as Pro Football Focus’ 22nd-ranked guard among 79 qualifiers.
The Saints entered free agency with the goal of improving a ground game that ranked 28th in the league last year. The additions of the 28-year-old Edwards and running back Travis Etienne should go a long toward achieving that. Free agent Dillon Radunz was the Saints’ primary left guard in 2025, but Edwards should provide a significant upgrade. Edwards will join tackle Kelvin Banks Jr. to give the Saints’ line an imposing left side and make life easier on second-year quarterback Tyler Shough.
Adam La Rose contributed to this post.