Newsstand News & Rumors

Cowboys “Working Towards Deal” With Jason Peters

SEPTEMBER 4: The Cowboys and Peters are “working towards a deal,” as Ian Rapoport of NFL.com reports (via Twitter). Rapoport says Peters’ Dallas visit was a positive one, and he adds that there is mutual interest in getting a contract hammered out. An agreement could be in place by tomorrow.

AUGUST 31: One of the top free agents will meet with the Cowboys about their sudden left tackle issue. Jason Peters is scheduled to visit with the team, Todd Archer of ESPN.com tweets.

The Cowboys are set to be without All-Pro Tyron Smith for months — perhaps the season — after he suffered a severe leg injury last week. Smith is now on Dallas’ in-season IR. Peters would be an interesting replacement, given his accomplishments and age. The Cowboys have been viewed as hesitant to trade for a Smith replacement.

Although Peters turned 40 earlier this year, he expressed a desire to keep playing. Should the former Eagles All-Pro land a gig for 2022, it will be his 19th NFL season.

Peters has lingered in free agency for several months in each of the past three offseasons. In 2020, he made a belated return to the Eagles to play guard. But their tackle depth chart soon changed, leading the team to ask Peters to return to his old position. Last year, Peters signed with the Bears after Teven Jenkins‘ summer back injury.

That Chicago commitment did not generate too much publicity, given the Bears’ 2021 struggles, but Peters played 15 games. Pro Football Focus also rated him as a top-25 tackle. Considering Peters’ age and injury history, that participation rate and performance level is quite an accomplishment. It also has kept him on the radar for tackle-needy teams.

Dallas has the option of kicking rookie Tyler Smith outside. That is the organization’s long-term plan, but the first-round pick was slated to begin his career alongside Tyron Smith at left guard. Tyler Smith battled Connor McGovern for the guard gig during training camp. While the younger player should be expected to see time, Mike McCarthy said at the time of Tyron’s injury McGovern was leading the competition. And left tackle on short notice would be a big ask for the rookie, though situations like this have impacted teams’ plans for young O-linemen in the past. That said, McCarthy confirmed the younger Smith will get extensive left tackle work before Week 1, via Archer (on Twitter).

The Cowboys could also move right tackle Terence Steele to the left side, but that would create a right-edge void. Peters coming in and playing opposite Steele — who is the Cowboys’ preferred La’el Collins successor — and alongside either McGovern or Tyler Smith could be Dallas’ best option. It just depends on how much the former Eagles stalwart has left.

And, given what Duane Brown signed for with the Jets, money will likely be a factor here, too. In the wake of Mekhi Becton‘s avulsion fracture — the injury Tyron Smith has since encountered as well — the Jets signed Brown to a two-year, $20MM deal with $9MM guaranteed. Although Peters has a more decorated resume than the former Texans and Seahawks left tackle, he is also three years older. Peters did sign with the Bears for one year and $1.75MM, but it would surprise if he accepted something on that level now, as he is coming off a mostly healthy season and the Cowboys are in need. Dallas’ $18.7MM in cap space ranks third in the NFL.

Titans OLB Harold Landry Tears ACL

SEPTEMBER 2: The Titans placed Landry on IR Friday and claimed Derrek Tuszka off waivers from the Steelers. A former Broncos seventh-round pick in 2020, Tuszka spent last season with the Steelers. He worked as a backup and notched two sacks in his Pittsburgh debut. The Steelers, who since traded for frequent Broncos fill-in starter Malik Reed this week, waived Tuszka on Thursday.

SEPTEMBER 1: Months after re-signing with the Titans, Harold Landry does not look like he will suit up for the team this season. The veteran edge rusher went down with a torn ACL in practice, Adam Schefter of ESPN.com tweets.

Landry sustained the injury Wednesday. This is obviously a crushing blow for the Titans, who have relied on Landry as their top outside linebacker for years.

Tennessee has gone through extensive efforts to fortify its edge-rushing corps under GM Jon Robinson, but several of the moves have not worked out. Landry, however, has helped the team get by. After putting together a strong contract year (12 sacks, 22 QB hits) — one that finished with the Boston College product recording 1.5 of the Titans’ nine sacks of Joe Burrow in their divisional-round loss — Landry signed a five-year, $87.5MM extension in March.

Both of the Titans’ top outside ‘backers have now sustained ACL tears as pros. Bud Dupree, who signed with Tennessee on a five-year deal worth $82.5MM in March 2021, was coming off a late-season ACL setback when he arrived in Nashville. Wednesday’s development hijacks the Titans’ plans to pair Landry with what could be a better Dupree version this season.

This 11th-hour injury certainly illustrates the importance of guaranteed money. The Titans passed on franchise-tagging Landry but managed to hammer out a deal with the former second-round pick to keep him off the market. Landry, 26, received $35.25MM guaranteed at signing.

Chosen 41st overall in 2018, Landry has 31 career sacks and is coming off his first Pro Bowl. He has helped the Titans withstand the likes of Jadeveon Clowney, Vic Beasley and Cameron Wake being free agency disappointments over the past three seasons. Dupree, 29, also has yet to deliver on the contract he signed, recording just three sacks and eight QB hits in his first season post-ACL tear. The Kentucky alum also missed six games, despite starting the season on time after his rehab effort. The team will need more from the former first-round Steelers draftee this season.

This has not been the smoothest Titans offseason. The team said goodbye to its top wide receiver — A.J. Brown — after early extension talks revealed a substantial gap between the parties, and first-round wideout Treylon Burks has not proven to be a plug-and-play replacement. Of course, it is still early for the Arkansas product. But, with Robert Woods coming off a November ACL tear, Burks’ readiness is fairly important for a Titans team that survived a spate of injuries to book the AFC’s No. 1 seed last season.

The Titans are also thin on edge defenders beyond their starters, rostering 2021 fourth-rounder Rashad Weaver (12 defensive snaps last season) and former UDFA Ola Adeniyi (2.5 sacks in 2021 as a rotational cog) as backups. Several veteran edges — from Melvin Ingram to Justin Houston to Carlos Dunlap to Trey Flowers — came off the free agency board over the past several weeks. Jason Pierre-Paul remains available, as does Everson Griffen. JPP is coming off a down season, however, and Griffen is 34. Ex-Beasley Falcons teammate Takk McKinley, 26, is available as well. The former first-rounder took multiple visits this summer, but he is coming off a late-season Achilles tear.

Broncos, Russell Wilson Agree On Extension

Connected to waiting until next year for a Russell Wilson extension, the Broncos instead are committing long-term to their new franchise quarterback now. The team reached an extension agreement with its recently acquired passer Thursday morning, Adam Schefter of ESPN.com reports (on Twitter).

Wilson is signing a five-year, $245MM deal that includes a whopping $165MM guaranteed. Despite his two Seahawks extensions coming ahead of his contract years, Wilson is committing with two years remaining on his previous deal. He is now signed through the 2028 season.

Earlier this summer, second-year Broncos GM George Paton did not indicate extension talks were taking place, but NFL.com’s Ian Rapoport tweets the sides had been talking not too long after the blockbuster trade. The sides paused the talks as the Broncos’ sale became finalized this summer, 9News’ Mike Klis adds, noting Wilson agreed to this contract Wednesday night after attending a dinner with many of his new teammates. With the team’s ownership matter finally resolved, Wilson is now locked in through his age-40 season.

The deal will pay Wilson $124MM over the first three years, Troy Renck of Denver7 tweets. Wilson’s 2022 cashflow will spike from $24MM to $57MM, and NFL.com’s Tom Pelissero adds (via Twitter) he will collect $85MM by 2023 — up from $51MM. This three-year payout looks to benefit the Broncos, who will have Wilson tied to nonguaranteed salaries from 2025-28. Of course, Wilson succeeding early on this contract could certainly prompt the sides to renegotiate down the line.

Although the guarantee figure is not believed to be what will be locked in at signing, per Mike Florio of Pro Football Talk (on Twitter), Wilson is now the league’s second-highest-paid QB. This $49MM-per-year deal places the 11th-year veteran behind only Aaron Rodgers for AAV ($50.3MM). It marks a slightly bigger jump from Wilson’s previous pact ($35MM per annum) compared to the raise he received in April 2019, illustrating where the QB market has gone and the Broncos’ desire to have this rather important position solidified.

The Broncos acquired Wilson via one of the top trade packages in NFL history in March, sending the Seahawks two first-rounders and change to land the 33-year-old star. In the time since, Deshaun Watson and Kyler Murray signed monster extensions with their respective teams — respectively worth $46MM and $46.1MM on average. The Broncos also came under new ownership in the time since acquiring Wilson, and Rob Walton being by far the NFL’s richest owner almost certainly came into play here. Wilson’s extension is miles beyond where the Broncos have gone for a player previously. Their previous top QB commitment was five years and $96MM — for Peyton Manning in 2012.

Manning played four years on that deal, but in the years since the all-time great’s retirement, the Broncos saw their inability to land a successor move them well off the competitive plane upon which they resided with Manning. Denver has missed the playoffs for six straight seasons and has not enjoyed a winning year since 2016. The team has started 11 quarterbacks since Super Bowl 50, including a different Week 1 passer from 2017-21 (Trevor Siemian, Case Keenum, Joe Flacco, Drew Lock, Teddy Bridgewater). The Broncos have not ranked in the top 16 in total offense since Manning’s penultimate season (2014), either. This pattern, the trade capital the team sacrificed, the new QB market and Walton’s arrival — after shattering the American sports record with a $4.65 billion bid — all worked in Wilson’s favor.

These factors could also have pushed Wilson to leverage the Broncos for a player-friendly deal that placed him atop the NFL salary hierarchy once again. His total guarantees do not approach Watson’s, but they do surpass Murray’s ($160MM). Murray and Wilson’s extensions are moving the NFL away from the fully guaranteed agreement Watson signed with the Browns. Wilson’s pact also ties him to the Broncos for longer than Watson’s Browns accord or Rodgers’ latest deal with Green Bay.

Unique circumstances surrounded Cleveland’s decision to give Watson $230MM guaranteed at signing — a last-ditch heave to leapfrog NFC South teams in a complex trade derby — and teams are doing their best to make that contract an outlier. The structures of Wilson and Murray’s contracts will play into the Ravens’ Lamar Jackson negotiations. The Bengals and Chargers, who have their respective standout QBs set to become extension-eligible in 2023, will undoubtedly take notice as well.

The Broncos’ commitment, of course, comes before Wilson has played in a game with his new team. The nine-time Pro Bowler sat out the preseason, joining most of the team’s starters under new HC Nathaniel Hackett, and is coming off his first season in which an injury forced him to miss time. Wilson ruptured a tendon in his right middle finger, sidelining him for three games, in October 2021. After not looking himself in the games immediately following his return, Wilson played better down the stretch. The Seahawks still opted to reboot at season’s end, concluding the most promising QB partnership in franchise history. Geno Smith is now in position to start against Wilson in Week 1, beating out Lock for the gig.

Part of the reason the Seahawks moved on after 10 seasons was a leeriness about going through more extension talks with Wilson. His 2015 ($21.9MM per year) and 2019 extensions came after weeks of back-and-forth. That contrasts from the low-key nature of Wilson’s Broncos talks, but Denver is now the franchise paying the new market price. Seattle, after passing on deals for Baker Mayfield and Jimmy Garoppolo, will likely be linked to first-round passers come 2023.

Connected to a possible trade early during the 2021 offseason, Wilson did not include the Broncos on his initial destination list. The Bears, Cowboys, Saints and Raiders were on it. But Denver quietly surfaced as a potential landing spot late last year. And while other teams pursued Wilson this offseason — the Browns, Commanders, Eagles and Panthers, to name four — the two-time Super Bowl starter only ended up waiving his no-trade clause for the Broncos. Wilson has said he wants to play well into his 40s. He will now attempt to craft a memorable second act; the contract parameters are in place for him to do so.

Eagles To Trade WR Jalen Reagor To Vikings

Despite Jalen Reagor ending up on the Eagles’ 53-man roster Tuesday, he will not play a third season with the team. The Vikings will acquire the former first-round pick, Adam Schefter of ESPN.com tweets.

Philly is parting ways with the third-year wideout for a 2023 seventh-round pick and a conditional 2024 pick. The latter selection will either be a fourth- or fifth-rounder. Reagor came up in trade rumors fairly consistently this offseason, and the Eagles are moving on. Two years remain on Reagor’s rookie deal.

[RELATED: Eagles Acquire DB C.J. Gardner-Johnson From Saints]

Two years ago, the Eagles faced a decision between TCU’s Reagor and LSU’s Justin Jefferson. The room was believed to be split, but Reagor won out. The Vikings took Jefferson. That move worked out pretty well. Minnesota, which has seen Jefferson rocket to the Pro Bowl tier quickly, now has both the 2020 first-rounders.

Reagor will be expected to fill in behind the likes of Jefferson and Adam Thielen. The Vikings also have 2020 draftee K.J. Osborn, who is ticketed to again be their No. 3 wideout. The Vikings did just lose Bisi Johnson to a season-ending ACL tear.

Although Reagor showed some promise in his third Eagles training camp, he has come in far below expectations during game action. Reagor failed to exceed 400 receiving yards in each of his two seasons, missing time with an injury as a rookie and seeing the Eagles add at the position (DeVonta Smith) and shift to a run-heavy attack in 2021. Philly made a considerable effort to upgrade its receiving corps this year. After pursuing Christian Kirk and Allen Robinson, the Eagles acquired A.J. Brown during the draft and gave him a monster guarantee. The addition of former Nick Sirianni Colts charge Zach Pascal may have made a bigger impact on Reagor’s standing.

For his career, Reagor has 64 receptions for 699 yards and three touchdowns. Inconsistency has plagued the second-generation NFLer, however, and the Vikings will try to coax supporting-cast production from the once-coveted Big 12 prospect. Reagor, 23, delivered his best college season as a sophomore — a 1,061-yard, nine-touchdown campaign — before posting 611 yards in 12 junior-year games. The 5-foot-11 talent, who ran a 4.47-second 40-yard dash at the 2020 Combine, still became a top receiver prize in a loaded draft, going 21st overall.

Teetering on the bust cliff, Reagor should at least enjoy a friendlier situation in Minnesota. Carson Wentz struggled mightily during his final Philly season, and Jalen Hurts‘ first starter year turned the Eagles into a smashmouth force. Kirk Cousins certainly is not a top-tier quarterback, but he has proven more consistent as a passer than the QBs Reagor has played with as an Eagle. New Vikes HC Kevin O’Connell will attempt to salvage the downtrodden target.

Bears Claim OL Alex Leatherwood

After a woeful Raiders tenure, Alex Leatherwood will have a second chance via the NFL’s waiver system. The Bears put in a claim for the former first-round pick, Field Yates of ESPN.com tweets.

The Raiders bailed on Leatherwood after one season, marking a shocking freefall for last year’s No. 17 overall pick. The Bears, however, have also run into extensive O-line uncertainty. The rebuilding team will take a chance on the former Alabama prospect. Leatherwood’s signing bonus is the Raiders’ responsibility, leaving considerable dead money on Las Vegas’ cap sheet. But the Bears are now responsible for $5.9MM in Leatherwood salary.

Chicago, which changed up its roster considerably as it transitioned to a new GM-HC pairing this offseason, made five more waiver claims Wednesday. Defensive tackle Armon Watts, defensive back Josh Blackwell, defensive end Kingsley Jonathan, linebacker Sterling Weatherford and tight end Trevon Wesco will be en route to the Windy City as well, Yates tweets. The Bears’ six waiver claims are a league-high total this year.

This marks quite a haul for Chicago, which added former starters from Las Vegas and Minnesota. Watts started nine games for the Vikings last season, replacing the injured Michael Pierce, but the team changed defensive schemes this offseason and made a trade for former Texans second-round defensive tackle Ross Blacklock on Tuesday. That led Watts off the roster. But he will be back in a 4-3 scheme under Matt Eberflus, whose team cleared some D-tackle space by releasing Mario Edwards on Tuesday.

Viewed as a reach in last year’s first round, Leatherwood did not justify his draft slot when deployed at right tackle or right guard for the Raiders last season. The staff that drafted Leatherwood quickly moved him off right tackle, but Pro Football Focus rated him as one of the league’s worst guards. Despite the Raiders facing a few questions on their offensive line and losing Brandon Parker for the season, their new regime cut bait after trying Leatherwood at tackle again in training camp.

The Bears are expected to start fifth-round rookie Braxton Jones at left tackle, and they have 2021 fifth-rounder Larry Borom on the right side. Riley Reiff, who signed with the team shortly before camp, is also in the tackle picture. The team moved 2021 second-rounder Teven Jenkins from tackle to guard late this offseason, and while Jenkins appeared in trade rumors, he is on the roster and may well start the season at the new position. Leatherwood, his early-career struggles notwithstanding, may now also be a factor at that spot.

Eagles Acquire DB C.J. Gardner-Johnson From Saints

The Saints are trading one of their top defensive backs to the Eagles. C.J. Gardner-Johnson is heading to Philadelphia, according to Tom Pelissero and Ian Rapoport of NFL.com (on Twitter). The teams have since announced the deal.

Gardner-Johnson, who has played both safety and patrolled the slot for the Saints, staged a hold-in effort earlier in camp as he angled for an extension. Talks broke down, and the Saints are bailing on the talented defender.

It did not take too much in the way of compensation for this trade to go down. The Eagles are sending a 2023 fifth-round pick and a 2024 sixth to the Saints for Gardner-Johnson and a 2025 seventh, Pelissero tweets. The 2024 sixth will be the lower of the Eagles’ two selections in that round.

The Eagles actually see Gardner-Johnson as a safety, Pelissero tweets. He will pair with Marcus Epps, who finished a strong training camp, at the position. A report earlier this month indicated the Eagles could acquire a safety, but Gardner-Johnson has largely excelled in the slot prior to this trade.

This will make for an interesting transition for the fourth-year veteran, especially coming in a contract year. Safety, however, as the Jamal Adams, Minkah Fitzpatrick and Derwin James deals have shown, has proven to be a more lucrative position than slot corner.

Tuesday’s deal also marks the third splash trade for the Eagles this offseason; the Saints have now been involved in two of those moves. This trade comes after the move to acquire A.J. Brown and the deal to land a future first-rounder from the Saints. No word about a potential Gardner-Johnson extension has come down. The Eagles could wait here, but Jalen Hurts‘ rookie contract also offers some flexibility. The team also has no notable cash tied to the safety position, having just released Anthony Harris.

While Pro Football Focus has rated Gardner-Johnson outside the top 50 at cornerback in each of the past two years, he carved out a regular role amongst a veteran Saints DB corps. The former fourth-round pick has also become known for his ability to rile up opposition — both opponents and teammates, considering Michael Thomas‘ 2020 team-imposed suspension came after he threw a punch at Gardner-Johnson. It will be interesting to see how he fares in Philly.

The Saints have assembled a deep secondary in recent years, and NOLA.com’s Jeff Duncan tweets rookie Alontae Taylor is one of the players — along with Bradley Roby and former slot P.J. Williams — who have worked inside replacing Gardner-Johnson during camp. The team also already has a big-ticket cornerback deal (Marshon Lattimore) in a secondary that also now includes Tyrann Mathieu‘s $9MM-AAV deal.

Raiders To Send CB Trayvon Mullen To Cardinals

High-round Jon Gruden-era Raiders picks continue to fly off the now-Josh McDaniels-led team’s roster. Former second-rounder Trayvon Mullen is following Alex Leatherwood out the door.

The fourth-year cornerback is heading to the Cardinals, Adam Schefter of ESPN.com tweets. One season remains on Mullen’s rookie contract. This helps a corner-needy Cardinals squad while also leading yet another early recent Raiders pick off their roster.

This move saved Mullen from being waived, per NFL.com’s Ian Rapoport, who adds the Cardinals will send the Raiders a conditional seventh-round pick (Twitter link). The pick could bump to sixth-round value depending on Mullen’s playing time. The Cardinals have now acquired three first- or second-round picks from the 2019 draft this year, adding Marquise Brown (Round 1) in April and Cody Ford (Round 2) earlier this month.

The No. 40 overall pick in the 2019 draft, Mullen was traded minutes after the No. 40 pick in 2020 (Ross Blacklock) was dealt. Unlike the former Texans second-round choice, Mullen had been a regular starter with the team that drafted him. The Clemson product started 31 games with the Raiders, including all 16 during the 2020 season.

For the Cardinals, this could be a valuable move. They have been in need at the corner position for a while. Arizona’s agreement with former first-round pick Jeff Gladney preceded the ex-Viking dying tragically in a May car accident. While Kliff Kingsbury indicated in June the Cards would look at veteran corners, only Josh Jackson arrived as a notable investment. The Cards cut Jackson on Monday but were still rumored to be searching at the position. Mullen represents a starter-caliber option alongside Byron Murphy.

Mullen, however, is coming off an injury-plagued stretch. A foot injury limited him to five games last season, and that issue required a procedure in May. That surgery led to Mullen missing the start of Las Vegas’ training camp. The Cardinals will bet on Mullen staying healthy in his contract year. Although Pro Football Focus has never viewed Mullen as an upper-crust corner, Arizona is limited on options here. It would not surprise if the team was not done tinkering at this spot.

As for Vegas, the team has now moved on from primary starters Mullen and Casey Hayward this year. Hayward signed with the Falcons in free agency. The Raiders did acquire Rock Ya-Sin in the Yannick Ngakoue trade and have emerging slot player Nate Hobbs under contract for three more seasons. The team also signed former Baltimore corner Anthony Averett this offseason.

Raiders To Waive OL Alex Leatherwood

The Raiders are bailing on the Alex Leatherwood experiment after one season. Despite going in the 2021 first round, Leatherwood will be waived Tuesday, Adam Schefter of ESPN.com tweets.

A surprise pick at the time, Leatherwood did not do much to impress either of the two Raiders regimes to come through during his time in Las Vegas. The Dave ZieglerJosh McDaniels regime will cut bait despite three seasons remaining on his rookie contract.

That contract will now turn into a big dead-money hit for the Raiders. By cutting Leatherwood before his second season, the Raiders will be tagged with more than $11MM in dead cap. While that can be spread through 2023, with $7.9MM staying on Vegas’ payroll this year, the defrayed signing bonus hits will lead to one of the bigger dead-cap hits on a rookie contract in recent memory. But the Raiders could not find a place for Leatherwood, after trying him at both tackle and guard.

All options were believed to be on the table with Leatherwood, whom the team attempted to trade. His 2021 performance, contract and perception as a first-round reach certainly impacted those efforts.

The Raiders quickly moved Leatherwood to right guard last season, and Pro Football Focus viewed the Alabama product as one of the league’s worst guard regulars. A move back to tackle did not take. Even after Brandon Parker was lost for the season in training camp, Leatherwood could not seize the gig.

Las Vegas’ O-line plan as a whole has been unusual throughout this offseason. With the exception of left tackle Kolton Miller, the Raiders bring question marks at their other spots. Although Andre James is fairly established at center, though his extension was authorized by the Jon Gruden regime, the team has glaring issues on the right side of its O-line. Ex-Patriot spot starter Jermaine Eluemunor has been a big factor at right tackle, while Lester Cotton — a UDFA who has played in five career games and never started any — has worked as the team’s starting right guard. The Raiders seem primed to scour the waiver wire in the coming hours.

Leatherwood’s departure obviously also shifts the spotlight back to the Gruden-Mike Mayock drafts. Leatherwood and 2020 first-round picks Henry Ruggs and Damon Arnette are gone. Clelin Ferrell has long been shifted to a backup role, and his status with the Raiders is tenuous. The new Raiders front office also did not pick up the fifth-year options on fellow 2019 first-rounders Josh Jacobs and Johnathan Abram. After the team traded Reggie McKenzie-era first-rounders Khalil Mack and Amari Cooper and accumulated first-round capital, there is little to show for those moves.

Eagles To Release S Anthony Harris

After cutting Jaquiski Tartt, the Eagles are moving on from their other experienced safety. The team is releasing Anthony Harris, Adam Schefter of ESPN.com tweets.

Harris started for the team last season and re-signed on a one-year deal worth $2.5MM this offseason, but a recent report indicated he might not be safe. The Eagles guaranteed Harris just $1MM.

The Harris cut came as the Eagles made a deal to acquire C.J. Gardner-Johnson from the Saints. While Gardner-Johnson played primarily in the slot in New Orleans, Philadelphia will use him at safety. The 24-year-old defender will replace Harris, who is going into his age-31 season.

Formerly Minnesota’s franchise player, Smith did not see that 2020 tagged season lead to big dollars in 2021. He signed with the Eagles for less than $5MM and took another pay cut this year. Harris has notched a six-interception season — 2019, leading to the Vikings franchising him — and has 61 starts’ worth of experience. He could find a new home soon

49ers, Jimmy Garoppolo Agree To Restructure; QB To Stay In San Francisco

In an 11th-hour twist, the 49ers and Jimmy Garoppolo are planning to continue their partnership. The parties agreed to a restructured contract that is expected to keep the two-time NFC championship game starter in San Francisco, Adam Schefter of ESPN.com tweets.

This one-year deal includes a no-trade clause and a no-franchise tag clause, Schefter adds. Garoppolo will remain a 2023 free agent-to-be. This adjusted deal will be worth $6.5MM in fully guaranteed base salary, per Schefter, who adds playing-time bonuses could add another $9MM to the accord (Twitter link). The 49ers, who had given Garoppolo’s camp permission to negotiate his contract with other teams months ago, had been working with the veteran passer since last week on this pay cut, Schefter tweets.

Monday’s compromise will both provide the 49ers with Trey Lance insurance and ensure Garoppolo collects a decent 2022 sum. While this is nowhere close to the $24.2MM base salary his 2018 extension was set to pay him, keeping that number on the books was never in the cards for the 49ers. A Garoppolo release may well have led to a payment shy of this $6.5MM salary as well. This new contract also includes $500K in roster bonuses. In total, Garoppolo’s 2022 compensation package maxes out at $15.45MM, Albert Breer of SI.com tweets. The path toward cashing in all those incentives is likely tied to Lance.

For the 49ers’ payroll, Garoppolo will now come in well below the $26.95MM cap figure to which he was previously tethered. The ninth-year quarterback is now expected to count around $8.5MM on San Francisco’s cap sheet, Tom Pelissero of NFL.com tweets. This is an interesting solution for the 49ers, who have moved up beyond $20MM in cap space after entering Monday ranking 32nd in available funds.

Garoppolo’s base salary would have become guaranteed just before the 49ers’ Week 1 game. The 49ers were never going to allow that guarantee to vest, but they had tried to trade their four-plus-year starter throughout the offseason. Garoppolo was most closely linked to the Seahawks (in the event of a 49ers release) and Browns as a Deshaun Watson stopgap. Cleveland is sticking with Jacoby Brissett, while Seattle’s Geno Smith path is for real now. It is possible those teams could circle back to Garoppolo before the trade deadline, but he would now have to approve any trade. Garoppolo had a no-trade clause last year, but his contract did not previously include one for 2022.

The fifth-year 49ers passer underwent shoulder surgery in March, sidetracking his trade market, but is believed to have recovered. Garoppolo, 30, has been throwing for weeks now. He can now resume practicing with his teammates. How this affects Lance, whom the 49ers have repeatedly endorsed as their 2022 starter, will be fascinating. Lance’s QB1 predecessor had interest in being released, per Chris Mortensen, but circled back to San Francisco due to this being his best chance for success (Twitter link).

Although the 49ers traded two future first-round picks to move up for the North Dakota State prospect last year, Lance has thrown fewer than 400 passes in games since his senior year of high school. After dominating for the Division I-FCS superpower as a redshirt freshman in 2019, the COVID-19 pandemic nixed the 2020 FCS season. Lance played in the Bison’s one 2020 game and declared for the 2021 draft. Garoppolo suffered a calf injury during the first half of last season, bringing in Lance for a spot start, but Kyle Shanahan reinstalled his veteran starter. Lance did not threaten Garoppolo’s status the rest of the way, and the 49ers rallied to their second NFC title game in three seasons. Lance spent his rookie year battling a finger injury, but he has recovered and made strides during his second pro offseason.

While Garoppolo has been frequently maligned during his Bay Area tenure, he is well-liked by his teammates and has posted top-15 QBR figures in his past two healthy seasons (2019, 2021). Last season was not exactly a healthy Garoppolo season; the former Patriots backup ran into a thumb issue late in the season but played through it. Lance was acquired to be an upgrade, however, and likely will remain the team’s preferred 2022 option. But instead of Garoppolo trying his hand with the Seahawks or Browns, he will remain a 49er for the time being.

This could also buy the 49ers more time with Garoppolo, with his salary more manageable as a trade chip now. If Lance impresses early, Garoppolo would reside as a trade attraction for a team in need. An early-season injury affecting a team that does not currently possess a QB need would increase San Francisco’s bargaining position as well. The no-trade clause will also protect Garoppolo from being sent to an undesired location, helping explain the decision to dramatically reduce his salary.