Tuesday Roundup: Cassel, Winston, Peterson

Vikings GM Rick Spielman said that nothing definitive has been decided about bringing Matt Cassel back to the team, but Spielman was complimentary of his veteran signal-caller when discussing him earlier this week. “We went through our process, we evaluated all of our players,” Spielman said, according to Brian Hall of FOXSportsNorth.com. “We looked at everything from what they bring to our football team, in the locker room, off the field, what they bring to us on the field. But we also have to look at where they’re at from a standpoint of their contract, where we’re at from a cap standpoint…Matt’s done a great job. Came in and has won some games when he had to play. He’s a great locker-room guy. Matt has a lot of value to us.” Cassel is signed for the 2015 season at a salary of $4.15MM, and he’ll count $4.75MM against the cap.

Now for some more links from around the league on this Tuesday evening:

  • Tahir Whitehead filled in capably for Stephen Tulloch when Tulloch went out last season, and that leaves the Lions with an interesting choice this offseason, as Kyle Meinke of MLive.com writes. Detroit could continue to roll with Whitehead at middle linebacker and carve out some space by parting ways with Tulloch. The 30-year-old is slated to count $5.8MM against the cap next season. Whitehead, meanwhile, costs just $713K.
  • The consensus around the league is that the Buccaneers will draft Jameis Winston with the No. 1 overall pick, according to a tweet from the NFL Network (citing its own Ian Rapoport).
  • The Colts are in dire need of a running back, and Mike Wells of ESPN.com writes that the team will be closely monitoring the Adrian Peterson situation. If Peterson and the Vikings part ways, Indianapolis GM Ryan Grigson, a noted risk-taker, may pull the trigger.
  • Falcons defensive end Osi Umenyiora has no plans to retire, writes Vaughn McClure of ESPN.com. Umenyiora, 33, will become a free agent on March 10, and he said he would like to play at least one more season. If he could choose, Umenyiora stated that he would like to finish his career where it started: with the Giants.
  • Packers fullback John Kuhn is one of the last members of a dying breed, but the impending free agent reaffirmed his importance to the Green Bay offense in 2014, earning first team All-Pro honors for the first time in his career. As Weston Hodkiewicz of PackersNews.com writes, there is mutual interest in Kuhn’s return to the Packers.
  • Former Australian rugby star Jarryd Hayne, who has garnered interest from at least a dozen teams, is expected to sign with a club this week, according to Aaron Wilson of the Baltimore Sun (writing for the National Football Post).
  • Bill Williamson of ESPN.com believes middle linebacker Nate Irving could be a fit with the Raiders if the impending free agent is not re-signed by the Broncos.
  • Parys Haralson, who signed a one-year deal with the Saints in February, hopes to end his career in New Orleans, writes Katherine Terrell of the Times-Picayune.
  • Jason Fitzerald of OverTheCap.com provides the Panthers‘ salary cap outlook for the 2015 season.

Luke Adams contributed to this post.

 

Offseason Outlook: Indianapolis Colts

Pending free agents:

Top 10 2015 cap hits:

  1. Vontae Davis, CB: $11,250,000
  2. Robert Mathis, OLB: $7,750,000
  3. Anthony Castonzo, T: $7,438,000
  4. Arthur Jones, DT: $7,100,000
  5. Andrew Luck, QB: $7,034,363
  6. Gosder Cherilus, T: $6,900,000
  7. Greg Toler, CB: $5,833,334
  8. D’Qwell Jackson, LB: $5,750,000
  9. Erik Walden, OLB: $4,250,000
  10. Donald Thomas, T: $3,750,000

Notable coaching changes:

  • None

Draft:

  • No. 29 overall pick
  • Acquired sixth-round pick from Seahawks in deal for Marcus Burley.
  • Acquired seventh-round pick from Cowboys in deal for Caesar Rayford.
  • Owe seventh-round pick to 49ers for Cam Johnson.

Other:

Overview

Year three of the Andrew Luck era was another successful one for the Colts, whose 11-5 record was enough to earn them a second straight AFC South crown and a third consecutive playoff berth. The Colts also scored a pair of postseason victories, including a road upset over old friend Peyton Manning and the Broncos, before bowing out at the hands of the Super Bowl-winning Patriots in the conference championship.Andrew Luck

Indianapolis has improved by one playoff round per season under Luck and head coach Chuck Pagano, going from a wild-card loss to a divisional defeat to an AFC title game exit. The next logical step is the Super Bowl. In order to get there, though, the Colts will need a highly productive offseason – one which sees general manager Ryan Grigson fortify the roster around his 25-year-old franchise quarterback.

Positions Of Need

The Colts ranked first in the NFL in passing, third in total yardage and sixth in points per game in 2014. Those numbers would indicate that their offense isn’t in need of much help. However, they were a pedestrian 17th in Football Outsiders’ offensive efficiency ratings, their rushing attack ranked 22nd in yardage, and two of their established wide receivers are without contracts. Thus, there’s clearly work to be done.

Running back is a position the Colts are sure to address in the coming months. That could simply mean re-signing free agent-to-be Ahmad Bradshaw, though the eight-year veteran has dealt with major injury issues as a Colt and appeared in just 13 of a possible 32 regular-season games. To his credit, the 28-year-old racked up impressive numbers (725 total yards and eight touchdowns) prior to breaking his fibula last November. After Bradshaw got hurt, Dan Herron emerged as Indy’s most effective back. Herron averaged a terrific 4.5 yards per rush, but it was only over 78 attempts and his career sample size of 87 carries in three years is minuscule.

If the Colts don’t believe Bradshaw or Herron is the solution to their backfield woes, they might think differently of 10-year veteran Frank Gore. Multiple sources have linked Indianapolis to the career 49er, who the Sacramento Bee’s Matt Barrow wrote in January was “curious” about joining the Luck-led Colts. More recently, Bleacher Report’s Matt Miller said last week (video link) that Gore to Indianapolis was a “shoo-in.” The bruising Gore would make sense as a stopgap, considering Colts O-coordinator Pep Hamilton is a proponent of a power running game.

The Colts also have uncertainty at receiver, where their only signed, viable options after T.Y. Hilton are Donte Moncrief and ex-CFL star Duron Carter. All three are 25 or younger, a far cry from Reggie Wayne – the Colts’ biggest free agent in terms of name recognition. The 36-year-old, who has played all 14 of his pro seasons with the Colts and caught over 1,000 passes, hasn’t yet informed the team if he plans on returning in 2015. Stephen Holder of the Indianapolis Star wrote last week that the Colts are “noncommittal” about Wayne, who has battled injuries and dips in production the last two years.

In the event the Colts part ways with Wayne and enable fellow free agent Hakeem Nicks to walk, they could turn to the open market to find a complement to Hilton. There are several accomplished receivers who are expected to test the market. One option is four-year Raven Torrey Smith. The 6-foot, 205-pounder has been both effective (213 receptions, 16.9 YPC, 30 TDs) and durable, having played in all 64 of Baltimore’s regular-season games during his career, and would give Luck a proven wideout to team with Hilton. It may work in the Colts’ favor that their new receivers coach, Jim Hostler, held the same position in Baltimore from 2011-13 and tutored Smith for three years. Signing Smith would take a sizable chunk out of the Colts’ $39MM-plus in cap space. Jason LaCanfora of CBSSports.com tweeted earlier this month that Smith rejected a five-year, $35MM offer ($19MM in guarantees) from the Ravens prior to last season.

Obviously, in order to get the most out of their backs and receivers (whomever they may be), the Colts will need a dependable offensive line. They have a strong twosome in stellar left tackle Anthony Castonzo and guard Jack Mewhort, but the rest of the group is less capable. Even though right tackle Gosder Cherilus had a miserable, injury-plagued 2014, the seven-year veteran is expected to stay in place because he’s been good in the past and cutting him would cost the Colts more than keeping him. That leaves center and guard as areas Grigson may try to upgrade.

Indy started a slew of different centers last season and, according to Pro Football Focus (subscription required), A.Q. Shipley was the strongest of the group. However, the restricted free agent is on the outs, Holder wrote last week. Further, according to Holder, Grigson won’t use more than a late-round pick on a center. He could go the free agency route for the Chiefs’ Rodney Hudson or the Raiders’ Stefen Wisniewski. Either would be probable upgrades over the Colts’ in-house options (Khaled Holmes and Jonotthan Harrison). Joel Corry, a cap expert and former agent, believes Hudson will end up with a deal upward of $5MM per year, according to the Kansas City Star’s Terez A. Paylor. Wisniewski is seeking money in the realm of an average starting center, ESPN’s Michael Wagaman has reported.

As for the guard position, the 49ers’ Mike Iupati heads the free agent class and, as an elite-level run blocker, would seem to be an excellent fit for a Colts team that needs to fix its ground game. The three-time Pro Bowler is going to cost a lot, without question, and landing him would likely mean moving Mewhort from left to right guard – where the soon-to-be second-year man played occasionally at Ohio State. Regardless, with Mewhort and Iupati, Indy would have a top-end guard tandem on paper.

On the other side of the ball, the Colts’ defensive line has already begun undergoing changes. The team made a newsworthy move Monday in releasing tackle Ricky Jean-Francois, who was due $5.5MM next season. In the wake of the Jean-Francois news, Holder speculated that the Colts could pursue the likes of Nick Fairley (Detroit) and Terrance Knighton (Denver) on the open market. Adding Fairley or Knighton would be auspicious for the Colts, who finished last season an unspectacular 18th in conventional run defense and 19th in Football Outsiders’ version. The Colts’ kryptonite, the Patriots, exploited that area of Indy’s defense in both teams’ matchups last season: LeGarrette Blount rushed for 148 yards in New England’s 45-7 AFC championship drubbing. Two months prior, the previously unknown Jonas Gray famously eclipsed the 200-yard mark in a 42-20 Pats victory.

Besides stopping the run, the other key function of the front seven is generating a pass rush. Despite the fact that the Colts finished 2014 with the ninth-most sacks in the league (41), Grigson still wants more rushers, Mike Chappell of RTV6 tweeted last week.

Eleven-year Colts veteran Robert Mathis paced the league in sacks two years ago (19.5) before missing all of last season, but Indy wouldn’t be wise to think his return will cure its ills. Mathis sat out 2014 because of a PED suspension and, worse, a torn Achilles. Moreover, he’s on the wrong end of the aging curve at 34. ESPN’s Mike Wells reported Monday that the Colts are “likely” to draft a rusher to complement Mathis and Jonathan Newsome, also noting that they’ll keep an eye on free agency. Wells specifically mentioned the Chiefs’ Justin Houston, who led the league in sacks last season (22), and the Giants’ Jason Pierre-Paul, on whom New York is expected to place the franchise tag.

The prime area of concern on the back end of the Colts’ defense is safety, where they’re especially fallow. They already cut one starter from last season in strong safety LaRon Landry, while the other (free safety Mike Adams) is presently unsigned. So is main reserve Sergio Brown. There does seem to be optimism about the return of Adams, whom Grigson said the team would “love” to keep. At 33, Adams had a career year in 2014 with five interceptions and earned his first career Pro Bowl trip.

Regardless of whether Adams re-signs, the position will still need attention, which Pagano acknowledged. “There’s a bunch of guys out there in free agency we could take a look at,” Pagano said, according to Holder. “There’s a bunch of guys here at the draft we’ll evaluate.” 

The premier free agent is expected to be the Patriots’ Devin McCourty. Signing him would greatly aid the Colts while simultaneously dealing a tremendous blow to rival New England. Draft-wise, former Alabama star Landon Collins is already on the Colts’ radar.

Key Free Agents

The Colts have other noteworthy free agents besides the aforementioned. One is defensive lineman Cory Redding, who isn’t a slam dunk to play anywhere next season. The 34-year-old is pondering retirement after playing a substantial role for last year’s Colts, appearing in over 70% of defensive snaps and garnering praise from Pro Football Focus for his efforts.

Indianapolis also has decisions to make on two of Redding’s fellow integral defenders, linebacker Jerrell Freeman and cornerback Darius Butler. As a restricted free agent, Freeman is almost sure to return to the Colts. Butler, however, is unrestricted and could change uniforms as early as next month. The six-year veteran has spent the last three seasons with the Colts, totaling eight interceptions. While none of those INTs came in 2014, Butler was still a solid part of Indy’s above-average pass defense.

Finally, there’s a trio of unsung hero types in offensive lineman Joe Reitz, safety Colt Anderson and linebacker Andy Studebaker. The latter two are special teams stalwarts, while the 29-year-old Reitz’s best trait has been his versatility. Last year, in fact, he started at a team-high three different O-line positions and fared well. None of Reitz, Anderson or Studebaker should cost a ton for the Colts to bring back, but they’re all useful role players. Indy would be smart to re-sign all three.

Possible Cap Casualties

There’s one painfully obvious cap casualty on the Colts: Trent Richardson. It seems inevitable that the relationship between the Colts and the disappointing running back will end this offseason.

Richardson, whom the Colts acquired from Cleveland for a first-round pick in 2013, has been a colossal bust in his two seasons with Indianapolis. The 24-year-old has played 29 regular-season games as a Colt and registered just 977 rushing yards with a paltry 3.09 per-carry average. Worsening matters is that Richardson was scratched for the Colts’ final two playoff games last month, the latter of which was a suspension for missing a team walkthrough. With all of that considered, it’s clear that the next, final step in the marriage between the two sides is a divorce. If Indy releases Richardson, it will save more than $3MM for next season (provided Richardson’s guarantees void because of his suspension). The writing is on the wall.

Extension Candidates/Contract Issues

The Colts are going to have to shell out major money in the near future for some of their paramount offensive players.

Atop the list is Luck, who will be paid handsomely for both his accomplishments and his status as the face of the Colts’ franchise. During his three-year career, Luck has started all 52 of the Colts’ games (playoffs included), led the team to three straight double-digit-win outputs, and thrown for 86 touchdowns and nearly 13,000 yards in the regular season.

ESPN’s Adam Schefter tweeted last month that Indy was working on a contract that could make Luck the league’s highest-paid player. Team owner Jim Irsay refuted Schefter’s report, saying Luck still has two years left on his deal. If he isn’t extended by later this offseason, the Colts will exercise Luck’s 2016 option to make sure he’ll at least be theirs for two more seasons. Barring something disastrous, though, Indianapolis will surely do everything in its power to keep Luck under center for a lot longer.

The Colts will have to make more immediate decisions on three of Luck’s offensive mates – Hilton, Castonzo and tight end Coby Fleener – all of whom are scheduled for free agency next year.

Hilton came into the league with Luck in 2012 and has developed into his QB’s go-to target. The 5-foot-9, 178-pounder just completed his second straight 82-catch season, one in which he set a career high in yardage (1,345) and tied his previous touchdown mark (seven). The 25-year-old could end up with a contract similar to the one the Jets gave Eric Decker last offseason. Decker was coming off his second consecutive 80-catch, 1,000-yard season as a Bronco when he signed a five-year, $36.25MM deal with New York ($15MM in guarantees). He put up 216 catches (13.7 YPC) and 32 touchdowns from 2011-13, when his age ranged from 24 to 26. Compare that to Hilton’s three-year stretch – 214 grabs (15.4 YPC) and 19 scores from ages 23 to 25 – and you have the neighborhood in which his next contract is likely to live.

Castonzo, the cornerstone of the Colts’ offensive line, has appeared in and started 60 games since joining the team as a second-round pick in 2011. The 26-year-old has been the quintessence of reliability over the last three years. He played every offensive snap for the Colts in 2012, missed only four in 2013, and led all NFL O-linemen in snaps last season (1,115). Castonzo will make $7.4MM in 2015, the fifth-year option Indy picked up last offseason. That option is the value of the highest-paid 25 players at the position, excluding the top three players. An extension should see him climb toward the lower end of the top 10, where yearly value ranges start at $8.5MM.

Finally, there’s Fleener – who was part of a superb Colts 2012 draft class that, as mentioned, also produced Luck and Hilton. Fleener finished 2014 ranked 16th among tight ends in catches (51), eighth in yardage (774) and tied for fifth in TDs (eight). His per-catch average was tops at the position among those with at least 25 receptions. He’ll make under $1.7MM next season and is sure to get a considerable raise between this offseason and next. If Fleener ends up in the top 10 tight ends in yearly contract value, that would mean a salary north of $5MM per annum.

Overall Outlook

Assuming Luck stays healthy, the least the Colts will do next season is rule their division for the third straight year. Whether they can ascend to greater heights and dethrone the Patriots in the AFC will hinge on how well Grigson handles the offseason. The GM will have plenty of money to work with, which should help the Colts repair at least some of their issues and close the gap on the Pats, but he’ll have to keep the long-term future in mind when he considers spending it. His most important order of business this offseason will be locking up Indy’s offensive linchpins for the foreseeable future.

Information from Over The Cap was used in the creation of this post. Photo courtesy of USA Today Sports Images.

East Notes: Jets, Maclin, Spiller, Pats, Giants

We’ve heard that the Jets plan to be aggressive in free agency, and now Tony Pauline of DraftInsider.net offers a little more clarification on what areas New York might be targeting next month. In addition to outside linebackers, the Jets will look to sign “younger, taller corners” — Pauline suggests Davon House, Chris Culliver, and Kareem Jackson as players who fit that mold. Pauline adds that Gang Green will also look for defensive line depth and help at guard, but won’t pay for someone like Mike Iupati, who is expected to command ~$8MM per year.

Here’s more from the East:

  • Before Jeremy Maclin changed agents in November, ESPN’s Adam Caplan (via Twitter) believed it was a near-lock that the receiver would re-sign with the Eagles. Now, Caplan isn’t so sure, saying that the odds of the two parties getting a deal done is less certain.
  • Many have linked C.J. Spiller to the Jets thanks to the presence of offensive coordinator Chan Gailey, but speaking on SiriusXM NFL Radio today, Spiller said there is a possibility he remains with the Bills, but noted the “ball was in [Buffalo’s] court” (link via Kevin Patra of NFL.com).
  • The Patriots worked out former Packers receiver Kevin Dorsey today, reports Aaron Wilson of the National Football Post. Dorsey, a 2013 draft pick, was waived by Green Bay a week ago. The Maryland product has been on injured reserve during most of his first two seasons in the league.
  • Per the terms of his deal with the Giants, offensive lineman Dallas Reynolds will earn a $660K base salary, a $25K signing bonus, and a $15K workout bonus, according to Jordan Raanan of NJ.com (Twitter link).

Edgar Jones To Retire

We’ll keep track of today’s minor moves here, with any updates moving to the top of the list:

  • Linebacker Edgar Jones is retiring from the NFL, tweets Aaron Wilson of the Baltimore Sun. The former Raven, Chief, and Cowboy played in parts of seven seasons, logging 64 active games. “It was a hell of a ride,” said Jones, 30. “I’ve been grateful for it all.”

Latest On Trade Market For Mike Glennon

A former Buccaneers quarterback — the veteran Josh McCown — is drawing interest in free agency after having been released by Tampa Bay earlier this month. But a current Bucs QB — third-year signal-caller Mike Glennon — might be able to bring back the Bucs some form of compensation if they’re willing to trade him. Per Adam Caplan of ESPN (Twitter link), the feeling around the league is that Tampa could receive as much as a third-round pick if it decides to deal Glennon.

One team that might show interest, unsurprisingly, is the Browns, who have also been linked to both McCown and Sam Bradford as they attempt to upgrade their quarterback situation. Two league sources tell Jeremy Fowler of ESPN.com that Cleveland has “sniffed around” on Glennon’s availability, and while there haven’t been any formal offers, it seems like the Browns would certainly been amenable to discussing a trade. Caplan confirms Fowler’s report (Twitter link), adding that the Browns have been looking into Glennon for some time.

If the Buccaneers are set on using the first overall pick in this year’s draft to select a QB — either Jameis Winston or Marcus Mariota — then attempting to secure compensation for Glennon would probably be the right move. Besides those top two options, the draft doesn’t offer much depth at the quarterback position, and the free agent market is equally lacking, so Glennon would present an alternative for QB-needy teams. In turn, the Browns — who hold two first-round picks — could be interested in parting with a mid-round selection in order to acquire Glennon.

Glennon isn’t outstanding by any means, but at age 25 he offers youth, and he’s been at least mildly capable throughout his first two years in the league. He’s signed for the next two seasons, with cap figures under $1MM in both years.

Josh McCown To Visit Browns

Since the Buccaneers released Josh McCown on February 11, the veteran quarterback has taken three know visits, meeting with the Bills, Bears, and Jets. The 35-year-old McCown left all those visits without a contract, and now he’ll take a meeting with another club that could be in the QB market. According to Mary Kay Cabot of the Cleveland Plain-Dealer (Twitter link), McCown will visit the Browns today and tomorrow.

The quarterback situation in Cleveland is just as — if not more — complicated than the ones in Buffalo, Chicago, and New York, as 2014 first-round pick Johnny Manziel is coming off a season during which he struggled mightily in limited opportunities, and then entered a rehab facility when the season concluded. Brian Hoyer, the Browns starter for the majority of the season, is a free agent, and it doesn’t appear as though the club has any serious interest in retaining him.

Along with Hoyer and Mark Sanchez, McCown sits atop what is an extremely weak free agent crop of quarterbacks, but he’d probably be the favorite to start if signed by the Browns. He’d have some familiarity with the Cleveland coaching staff — Browns offensive coordinator John DeFillipo was the QB coach in Oakland while McCown was there — which might give him a leg up on Manziel.

The Browns have also reportedly shown interest in acquiring Rams quarterback Sam Bradford, but Peter King of MMQB.com later wrote that Cleveland wouldn’t want to acquire Bradford without assurances that he’d stay beyond 2015.

NFC West Notes: Bradford, Dockett, Long

Although initial reports have indicated that both the Browns and the Bills may have expressed varying degrees of interest in acquiring Sam Bradford, Ian Rapoport of NFL.com writes that, as of Tuesday, no team has contacted the Rams to discuss trading for the quarterback. Per Rapoport, the Rams have asked Bradford to accept a pay cut — when he declined, St. Louis allowed Bradford’s agent to determine if there was a market for his client. But no team has stepped forward, so far, and Rapoport adds that the Rams expect hefty compensation for Bradford, noting that a team would have to “extraordinarily desperate” to meet St. Louis’ demands.

Here’s more from the NFC West:

  • The Cardinals recently restructured the contract of receiver Larry Fitzgerald, and now they might be looking to tweak the deal of another veteran. Arizona general manager Steve Keim told reporters, including Darren Urban of AZCardinals.com (Twitter link), that the club has had a dialogue with defensive lineman Darnell Dockett about working out a new deal. Dockett’s 2015 cap hit of $9.8MM is the fifth-highest figure on the Cardinals’ roster.
  • Both Bradford and Rams tackle Jake Long are coming off their second ACL tear in as many seasons, and Long’s future in St. Louis is just as murky as Bradford’s. Greg Robinson is slated to be the Rams’ left tackle next season, but head coach Jeff Fisher said there have been discussions about retaining Long, according to Nick Wagoner of ESPN.com.
  • Bernie Miklasz of the St. Louis Post-Dispatch took a stab at guessing Stan Kroenke’s next move. When the Chargers and Raiders formed an alliance and announced plans to build a stadium together in the Los Angeles suburb of Carson, it wasn’t the best news for the Rams owner. Now, those who are familiar with Kroenke expect him to operate on multiple tracks in order to guarantee himself a positive outcome.

Zach Links contributed to this post.

Earl Thomas To Undergo Shoulder Surgery

Seahawks safety Earl Thomas has never missed a game in his career, but a serious shoulder injury could put his availability for the start of the 2015 season at risk. According to Ed Werder of ESPN, Thomas will undergo surgery today to repair the torn labrum in his left shoulder.

Thomas’ recovery timetable is estimated at six-to-eight months, meaning he could be ready as early as August but as late as October. Either way, it doesn’t appear that Thomas will be at full strength for either training camp or the preseason. However, general manager John Schneider indicated at the combine that the club expects Thomas to be ready for the beginning of next season, per Bob Condotta of the Seattle Times.

As Werder writes, Thomas originally incurred the injury while tackling Packers receiver Randall Cobb in the NFC Championship Game. His shoulder was dislocated, and he wore a harness for the remainder of the contest. Thomas continued to wear the harness during Seattle’s Super Bowl loss to the Patriots. The 25-year-old Thomas, who rated as the league’s fifth-best safety last season per Pro Football Focus (subscription required), signed a four-year extension last April that guaranteed him more than $27MM.

The Seahawks’ vaunted secondary could be in a state of flux this offseason. In addition to Thomas, both Richard Sherman and Jeremy Lane are dealing with injury concerns, while corner Byron Maxwell is the top free agent CB available, and is expected to garner significant money on the open market.

Giants Release Mathias Kiwanuka

4:36pm: Kiwanuka’s release was listed with a failed physical designation, tweets Adam Caplan of ESPN.

3:04pm: The Giants have confirmed Kiwanuka’s release via a press release.

2:23pm: The Giants will release veteran defender Mathias Kiwanuka, according to Kimberly Jones of the NFL Network (Twitter link). The 31-year-old had been with New York for each of his nine seasons in the NFL, winning two Super Bowls during that time.

Kiwanuka has shown a great deal of versatility in his career, spending time at both defensive end and outside linebacker in the Giants’ 4-3 scheme. He’s played at end the prior two seasons, racking up 8.5 sacks in 21 starts in that span. The former first-round pick has nearly 40 sacks in 82 starts during his career. Advanced metrics have soured on Kiwanuka’s performance, as Pro Football Focus (subscription required) ranked him as the third-worst 4-3 DE in the league last season.

Entering the final year of his contract, Kiwanuka was scheduled to count $7.45MM against New York’s cap in 2015. By cutting him, the Giants are now only on the hook for his prorated bonus money, meaning they’ve saved $4.825MM in the process. According to Over the Cap’s data, the club should now have roughly $25MM in cap space.

Kiwanuka will now join a free agent edge defender market that is flush with talented options. As a veteran player who has dealt with injuries (he ended last season on injured reserve), he could have trouble garnering any type of significant guarantees in free agency. The Giants, meanwhile, probably aren’t done making moves, as Dan Graziano of ESPN.com speculated yesterday that Big Blue could look into releasing J.D. Walton and/or Jon Beason.

Ravens Owner, GM, HC On Roster, Free Agency

Earlier today, Ravens owner Steve Bisciotti, general manager Ozzie Newsome, and head coach John Harbaugh spoke to the media in Baltimore, and Jeff Zrebiec and Aaron Wilson of the Baltimore Sun, and Jamison Hensley of ESPN.com were on hand to document the pair’s comments. Let’s take a look at the highlights, with all links going to Twitter:

GM Ozzie Newsome

  •  The Ravens have only $5.7MM in cap space at the moment, meaning the club might have to make moves to expand that figure. “We will exhaust every avenue that we have to get as much cap flexibility as we can,” said Newsome. “We’ve been working at it.”
  • Newsome said the Ravens have discussed quarterback Joe Flacco‘s cap figure for 2015, and will address it at some point. Flacco will count nearly $15MM against Baltimore’s cap next season.
  • The club is working to retain free agent running back Justin Forsett, notes Newsome. The 29-year-old Forsett is likely to draw interest from the Falcons if he isn’t retained in Baltimore.
  • It doesn’t sound like the Ravens are planning on re-signing defender Pernell McPhee, as Newsome stated “you can’t pay everyone market value.”
  • Newsome believes that embattled former Raven Ray Rice will find out before April if he’ll be able to land an opportunity with another team, and said that he was happy Rice was ultimately reinstated. Newsome also indicated he helped testify to get Rice reinstated.
  • Newsome acknowledged the team is in “wait-and-see” mode with tight end Dennis Pitta, who missed most of 2014 with a dislocated hip. The GM did indicate the Ravens would add TEs, whether through free agency or the draft.

Owner Steve Bisciotti

  • Bisciotti is aware that Baltimore might not be able to afford free agent receiver Torrey Smith, and even referenced Mike Wallace‘s $12MM per year contract as an outlier. “I don’t think anyone thinks that’s a good deal,” said the owner.

Head coach John Harbaugh