PFR Originals News & Rumors

This Date In Transactions History: Colts’ Andrew Luck Becomes NFL’s Highest-Paid Player

Four years ago today, the Colts made Andrew Luck the highest-paid player in NFL history. The deal was supposed to tie Luck to Indy through the 2021 season, but it didn’t pan out that way.

[RELATED: Colts Sign Michael Pittman Jr.]

Luck agreed to a five-year extension worth $122MM, with $87MM in overall guarantees and $47MM fully guaranteed at signing. Without the deal, Luck would have been eligible for free agency following the ’16 season. From there, the Colts could have retained Luck for an additional two seasons via the franchise tag at estimated values of $25MM and $35MM, but it would have put them in a difficult position down the road. Instead, both sides used Luck’s expected franchise tags amounts as a framework for talks and hammered out a deal.

With the contract, Luck leapfrogged Joe Flacco, Aaron Rodgers, Russell Wilson, Ben Roethlisberger, Eli Manning, and Philip Rivers in average annual value. The deal made sense, but it did not come without risk. Luck was coming off of an injury-riddled, seven-game season in which he completed just 55.3% of his passes and logged 15 touchdowns against 12 interceptions.

Luck’s shoulder was largely a non-issue in 2016 as he threw for 4,240 yards and 31 touchdowns with a career-high 63.5 completion percentage. After the season, he went under the knife to fix his shoulder, and that’s where things started to get messy. First, Luck was held out of training camp and 2017 preseason. Then, he was ruled out for week after week in the regular season. Finally, in November, the Colts were forced to place Luck on season-ending IR.

Luck had to claw his way back into things – when he was finally able to throw a regulation-sized football, it was a noteworthy event. In 2018, things seemed to be trending up. The former No. 1 overall pick led the Colts to a 9-1 record to close the season, allowing them to squeak into the playoffs. The Colts even downed the Texans in the first round, before falling to the Chiefs. With a seemingly healthy Luck and lots of young talent, the Colts were moving in the right direction.

Then, just before the start of the 2019 season, Luck shocked the world. At the age of 29, Luck retired from football, largely due to the mental grind of the sport. With that, Luck’s five-year extension turned into a two-year add-on. The Colts, meanwhile, turned to Jacoby Brissett as their new starter, with little time to get him comfortable in his new role.

The Colts did not seek repayment on the deal – they could have recovered $12.8MM of the $32MM signing bonus he was entitled to under his current contract, plus two $6MM roster bonuses, totaling ~$25MM.

Luck is done with football, but speculation about his potential return persists. Earlier this year, before the Colts landed Philip Rivers, GM Chris Ballard did his best to quell the talk:

Andrew’s retired,” Ballard said. “Do I talk to Andrew? Yes, I do. Haven’t talked to him in a few weeks, I’m sure he’s been busy being a father. But Andrew’s retired, and I think we all need to accept that. That’s where he’s at. He’s retired.”

PFR Originals: 6/22/20 – 6/28/20

Here’s a look back at some of our faves from the past week:

This Date In Transactions History: Ravens’ Ed Reed Signs Record Deal

In his prime, few players were more fearsome than safety Ed Reed. On this date in 2006, the Ravens rewarded Reed with a six-year, $40MM contract, making him the highest-paid player at his position in league history. 

The previous league-leading deal for safeties belonged to Adam Archuleta, who inked a six-year, $30MM deal with the Redskins in March of ’06. Reed blew past him on a rocket ship, and for good reason.

Reed became a starter as a rookie in 2002 and quickly cemented himself as a key cog in Baltimore’s defense. He notched 21 interceptions in his first three seasons and led the league with nine picks in 2004. Although he was held back by an ankle injury in 2005, the Ravens saw a Reed as a multiple-time Pro Bowler who was ready to get back to his old form.

It was his time,” GM Ozzie Newsome said. “He has earned the contract.

Indeed, the Ravens were right. Reed came back in a big way in ’06 as he started in every game and tallied five picks, plus two in the postseason. He earned Pro Bowl nods in every season from 2006 through 2012 and picked up four First-Team All-Pro nods in that span.

Reed earned his first ring in the Super Bowl following the 2012 season and notched his ninth career postseason interception in the big game. Although he was still productive, Reed and the Ravens went their separate ways in the offseason. Reed signed a three-year, $15MM deal with the Texans, but that deal was terminated midway through the ’13 campaign. He reunited with Rex Ryan by signing with the Jets, but he was unable to turn back the clock. After sitting out the 2014 season, Reed signed a one-day contract with Baltimore so that he could retire a Raven.

Reed’s final season on the field was forgettable, but the extension he signed with the Ravens in 2006 proved to be a win-win for both sides. Reed cashed in and gained financial security in a violent sport, and the Ravens got elite level production out of him for the majority of the deal.

This Date In Transactions History: Vikings Lock Up Danielle Hunter

Two years ago today, Danielle Hunter inked a five-year deal worth $72MM. It was a serious pay bump for the former third-round pick, who was still a few months away from his 24th birthday. The add-on gave him ample security – a $15MM signing bonus, $40MM in overall guarantees, and favorable cashflow with $48MM over the first three years. Still, the deal proved to be a win for the Vikings. 

[RELATED: Latest On Dalvin Cook, Vikings]

The Vikings didn’t want to let Hunter get anywhere near the open market. In his first three pro seasons, Hunter registered 25.5 sacks, more than any other player who entered the league in 2015. He waited a while to hear his name called on draft weekend, but he outperformed Vic BeasleyLeonard Williams, and other notable edge rushers in that class by a longshot. Also, Hunter and teammate Everson Griffen combined for 57 combined sacks from 2015-17, the second most of any duo in the NFL in that span.

In 2017, just prior to the extension, Hunter graded out as Pro Football Focus’ No. 29 ranked edge defender in the NFL. Last year, Hunter finished seventh in the category, ahead of Cameron Jordan, Myles Garrett, Demarcus Lawrence, and a host of other big names. He’s notched 14.5 sacks in each of the last two seasons, bringing his career tally to 54.5.

Meanwhile, his $14.4MM average annual value ranks 18th among edge rushers, according to Over The Cap. The Vikings have four more years of control over Hunter and, at this time, he stands as one of the league’s best veteran values.

Five Franchise Tagged Players Have Yet To Sign Tenders

Teams have until July 15th to hammer out long-term deals with franchise tagged players. As of this writing, there are five players who have not signed their one-year tenders: Bengals wide receiver A.J. Green, Broncos safety Justin Simmons, Buccaneers edge rusher Shaquil Barrett, Chiefs defensive tackle Chris Jones, and Jaguars defensive end Yannick Ngakoue

[RELATED: Dak Prescott Still Wants Four-Year Deal; Cowboys Want Five-Year Deal]

The franchise tag is a sore spot for players, because it prohibits them from realizing their true value on the open market. Sometimes, players begrudgingly sign on the dotted line after skipping out on a portion of offseason activities. There have also been some notable holdouts to extend into the regular season – Le’Veon Bell, for example.

You can put Green in the former camp. The Bengals superstar wants long-term security from the only team he’s ever known, but he says he’ll sign the one-year tender if they can’t come to terms.

In the past, Simmons has indicated that he won’t skip Broncos activities, but Mike Klis of 9News speculates that agent Todd France could talk him into playing some hardball. Offers have been exchanged between the two sides, but, for now, the safety is looking at a one-year, $12.7MM proposition.

Jones – currently in line for a $16.1MM deal – has expressed frustration with the slow pace of negotiations with the Chiefs. The Chiefs, meanwhile, already have a $20MM defensive lineman in Frank Clark. Barrett, who said he’d be a good sport about signing the tender, says he’s expecting to have some movement by tomorrow, though it’s not clear if that means receiving an extension offer or putting pen to paper.

Ngakoue, of course, is prepared to go to war with the Jaguars. The two sides have been locked in a heated stalemate for a long time and the Jags say they won’t cave to the defensive end’s trade demand.

Poll: Will The Jets Trade Jamal Adams?

Jamal Adams wants out. Last week, after taking a couple of shots at the Jets via social media, the star safety formally requested a trade. For now, the Jets are holding the line, but Adams feels that he can force their hand.

[RELATED: Jamal Adams Seeking $20MM+/Year?]

Contractually speaking, the Jets hold all the cards. Adams is under contract through 2021 thanks to his fifth-year option and the Jets aren’t exactly rushing to give him an early extension. Then, after 2021, the Jets could theoretically use the franchise tag to keep him away from the open market, perhaps even twice to delay his free agency for several more years.

Still, Adams is livid. He says the Jets told him that their extension proposal was in the mail in January. Months later, he has yet to receive that offer, and he’s not taking the pandemic as an excuse. For months, we’ve heard that Adams would look to become the league’s highest-paid safety by a healthy margin. Now, per one report, Adams has advanced his asking price even further. He wants to become the league’s highest-paid defensive player, which means a deal in excess of $20MM/year.

Interestingly, Adams is reportedly willing to table his extension demand for certain teams. The 24-year-old (25 in October) says he’d be willing to play for the Chiefs, 49ers, Cowboys, Ravens, Eagles, Texans, Seahawks, or Buccaneers. At least a few of those eight teams could trade for Adams and wait until next year before getting into talks.

“[Adams] was a big reason I was excited about coming here,” Jets GM Joe Douglas said earlier this year. “I feel this guy is a core player. The main goal that I’m trying to do right now is to surround him with like-minded players, because we know Jamal is a dog.”

The Jets clearly want to smooth things out, but it’s fair to wonder whether this situation is beyond repair. In the past, the Jets have rebutted trade offers from the Ravens and Cowboys by setting a sky-high asking price, but they’re working with significantly less leverage now that Adams has gone public with his complaints.

Will the Jets trade Adams? Cast your vote below (link for app users) and back up your choice in the comment section.

PFR Originals: 6/15/20 – 6/21/20

Here’s a look back at some of our faves from the past week:

This Date In Transactions History: Panthers Extend Michael Oher

On this date in 2016, the Panthers agreed to a brand new three-year, $21.6MM deal with Michael Oher. Unfortunately, Oher never played a down under the new contract. 

[Poll: Which First-Round WR Will Make The Biggest Impact In 2020?]

Oher, of “Blindside” fame, found his way to the Panthers after an up-and-down career with the Ravens and Titans. His first deal was a modest one – two years, $7MM – and he quickly proved to be a bargain. Oher played in 98.4% of the team’s snaps in 2015 as the starting left tackle. With Oher as Cam Newton‘s protector, the Panthers went all the way to Super Bowl 50 before losing to the Broncos.

With one year remaining on his contract, the Panthers wanted to lock Oher up long before he could reach the open market. Thanks to Oher’s personal progression and the progression of the tackle market, he netted more than $7MM per annum on his new deal from Dave Gettleman & Co.

The new deal was set to start in 2017, but things did not go according to plan. After just three games in the 2016 season, a concussion shut Oher down for the season. Then, in the offseason, things took a strange turn. Oher was alleged to have fought an Uber driver in the spring and later posted a picture to Instagram with what appeared to be bottles of prescription medication to deal with brain injuries. The now deleted photo was captioned, “All for the brain, [shaking my head].”

In July of that year, the Panthers released Oher with a failed physical designation. The move saved them just $1.69MM against the cap but allowed Oher to collect injury compensation. With that, Oher’s contract was over before it even began.

Poll: Which First-Round WR Will Make The Biggest Impact In 2020?

This year’s wide receiver draft class was widely regarded as one of the deepest in recent memory. It was so deep, in fact, that teams felt they could secure immediate-impact players on Day 2 and even Day 3 of the draft. Still, a few players separated themselves from their peers and became first-round selections, the cream of a bountiful crop.

The consensus top three talents were Oklahoma’s CeeDee Lamb and Alabama standouts Henry Ruggs and Jerry Jeudy. It would not have been surprising to see any of those three players taken in the top-10, and ultimately Ruggs came off the board first, going to the Raiders with the No. 12 overall selection.

The Broncos were quite content with that, as they snagged Jeudy – whom they considered trading up for – with the No. 15 pick. Then, although the Cowboys perhaps had more pressing needs, they could not turn down Lamb when he surprisingly fell into their laps at No. 17.

TCU’s Jalen Reagor was the next domino to fall, heading to the Eagles with the No. 21 selection. Reagor was something of a late riser in the process, as he had been mocked as a second- to third-round choice but began garnering attention as a potential first-rounder as we got closer to draft day. Philadelphia GM Howie Roseman obviously saw something he liked, and he pounced.

But LSU’s Justin Jefferson, generally considered the fourth-best wideout in the class, didn’t have to wait too much longer to hear his name called. The Vikings took him one pick after Reagor.

All five of those players stand a good chance of becoming difference-makers for their respective clubs, as is the case with any first-round pick. But we would like to know from you which of them you think will have the biggest impact as a rookie.

With Ruggs, the Raiders added a speed merchant whose college production did not match that of Jeudy — his teammate of three years with the Crimson Tide — but who fits the Las Vegas offense nicely. The Raiders added another collegiate wideout, Bryan Edwards, in the third round, and they also took a flier on veteran Nelson Agholor. Still, it appears as if Ruggs has a good chance to start opposite Tyrell Williams, with Hunter Renfrow working the slot. Ruggs is electric with the ball in his hands, and he is not a one-dimensional deep threat; he is a solid route-runner who should only get better with coaching. His recent off-field injury seems to be a non-issue, and he will be a boost to a passing offense that performed better than one might think in 2019.

The Broncos, meanwhile, are building a strong young nucleus of skill position talent, and Jeudy will team with Courtland Sutton to form one of the most promising 1-2 punches in the game. He is a gifted route-runner whose excellent production against SEC defenses jumps off the page — he averaged 72 catches for 1,239 yards and 12 TDs over his final two years in school – and he has the versatility to line up outside or in the slot. Fellow rookie KJ Hamler, whom Denver nabbed in the second round, may get most of the slot reps, but Jeudy will be a threat no matter where he plays.

Though Lamb will have to compete with Amari Cooper and Michael Gallup for targets, the Cowboys are perfectly capable of moving the ball through the air and will have plenty of opportunities to go around. Lamb should work primarily in the slot, which will mask some of the deficiencies he has as a route-runner and against press coverage. He has terrific hands and tracking ability, and though he may lack top-line speed, he is plenty quick enough to make things happen, and his overall athleticism is off the charts. He is also a strong and willing blocker, which Ezekiel Elliott will surely appreciate.

Due to injuries and under-performance, the Eagles’ WR group provided very little production last year. Veteran DeSean Jackson played just three games in 2019, Alshon Jeffery may start the season on the PUP list, and 2019 second-rounder JJ Arcega-Whiteside failed to live up to expectations. Philadelphia tried to trade up for Lamb but was happy to pick up Reagor, whose blazing speed could pair well with Jackson. Though it took a while for his stock to rise, that may have been because the TCU offense didn’t give him the chance to show off his route-running skills, so the more scouts were able to evaluate his tape, the more impressed they became. He struggled with drops from time to time, but with his abilities as a deep target and a YAC monster, he has the potential to be a dynamic pro. On the other hand, there are rumblings that Reagor will be asked to focus on just one position in 2020 and will be the understudy to D-Jax, so he may not get as much immediate PT as we might have expected.

Like the Eagles, the Vikings sorely needed to upgrade their WR corps, and Jefferson steps into a great situation, as Minnesota traded Stefon Diggs earlier in the offseason and did little to replace him. So Jefferson should start opposite Adam Thielen, whose mounting injury history could open up even more opportunities. Like most of the LSU offense, Jefferson was tremendous in 2019, securing 111 catches for 1,540 yards and 18 TDs. He offers an intriguing blend of size and speed, and though he may struggle to create separation in the pros, he has good hands and runs good routes. The Vikings like to run the ball, but Kirk Cousins is a capable QB and Jefferson should see plenty of passes coming his way.

So let’s hear your thoughts. Tell us which of these five players will have the most impact on his team in 2020, and explain your reasoning in the comments.

This Date In Transactions History: Giants Release Phil Simms

The Giants saw Eli Manning retire this past winter, ending a 16-year run. The other Giants passer to be named Super Bowl MVP did not receive the same sendoff. Phil Simms‘ 15-season stay in New York ended 26 years ago today when the Giants released him.

Although Simms had reclaimed his starting job and led the Giants to the 1993 playoffs — en route to his second Pro Bowl — the team released him due to salary cap concerns on June 16, 1994. The ’94 offseason marked the first time NFL teams had to navigate a salary cap, which debuted at $34.6MM. Simms was set to earn $2.32MM in ’94, which would have been his 16th NFL season. The then-38-year-old quarterback was also coming off offseason shoulder surgery.

Simms and Jeff Hostetler had split time in 1991 and ’92, with the latter winning New York’s QB1 job in 1991 after replacing an injured Simms late in the Giants’ 1990 Super Bowl-winning season. Simms started four games in ’92 but suffered a season-ending injury. However, the Giants let Hostetler sign with the Raiders in 1993 and reinstalled Simms as their starter. He started all 16 games, and the Giants came within an iconic Week 18 Emmitt Smith performance of earning home-field advantage in the NFC playoffs. The Giants ended up beating the Vikings in the wild-card round before losing to the 49ers — in what would turn out to be the final NFL game for Simms and Lawrence Taylor — a week later.

When the decision was made I said, ‘Oh my God.’ Afterward when I was driving home I was still kind of shocked and it was like I didn’t know what had happened,” Simms said of the release at the time. “I can honestly say I was not prepared for it.”

Current Giants co-owner John Mara said his father, Hall of Famer Wellington Mara, was against Hall of Fame GM George Young‘s decision to cut Simms. But the team made the move and handed the reins to 1992 first-round supplemental draft pick Dave Brown. He started the next three seasons for the Giants — who missed the playoffs in each of those slates — with Kent Graham and Danny Kanell then bridging the gap to 1999 free agency addition Kerry Collins.

Simms later said three teams submitted offers for him to continue his career. While he ultimately retired, Simms visited the Browns — then coached by former Giants defensive coordinator Bill Belichick — in 1995. The eventual 20-plus-year TV analyst stayed retired. The Super Bowl XXI MVP, Simms ranks behind only Manning in passing yards (33,462) and touchdown passes (199) in Giants history.