Broncos To Acquire WR Jaylen Waddle From Dolphins
The Broncos’ first outside addition of the new league year is certainly a notable one. Jaylen Waddle is heading to Denver.
The Dolphins have worked out a trade to send Waddle to the Broncos, as first reported by Tom Pelissero and Ian Rapoport of NFL Network. Multiple picks in the 2026 draft will be exchanged as part of the deal, as detailed by ESPN’s Adam Schefter.
Here is the full breakdown of the trade terms:
Broncos acquire
- Waddle
- Miami’s fourth-round pick (No. 111)
Dolphins acquire
- Denver’s first-round pick (No. 30)
- Broncos’ own third- and fourth-rounders (Nos. 94 and 130)
Until today, the Broncos had focused on retaining as many of their own players as possible. The AFC’s top seed in 2025 still had a vacancy with respect to pass-catching options, however. Denver was linked yesterday to interest in the tight end market, with Evan Engram disappointing during his debut Broncos campaign. Regardless of what happens on that front, a high-profile receiving option is set to be in place for next season.
The Dolphins dismissed general manager Chris Grier shortly before the 2025 trade deadline. That led to an increased expectation with respect to the team’s willingness to move on from players. Waddle generated considerable interest, and the Broncos were one of many teams which made calls. In the end, no suitors were willing to meet the Dolphins’ asking price of a first-rounder and more.
With new GM Jon-Eric Sullivan and head coach Jeff Hafley arriving, the Dolphins have begun a full-blown rebuild. Several veterans have been released recently in cost-shedding moves and to clear roster spots for younger replacements. That includes not only quarterback Tua Tagovailoa and edge rusher Bradley Chubb – both of whom quickly found new homes in free agency – but also receiver Tyreek Hill. It came as no surprise when Hill was cut, a move which seemed to put Waddle in position to operate as the Dolphins’ top wideout in 2026 and beyond.
Indeed, a report from last month named the former first-rounder along with lead running back De’Von Achane as core pieces the new regime was not looking to part with. Things have certainly changed in short order with a suitor willing to pay a premium for Waddle. Three years remain on his contract, a lucrative extension signed in 2024. Given the guarantees present in the pact, this swap will carry even more unwanted financial implications for Miami during an offseason full of major cap-related moves.
Waddle is owed an option bonus worth $6.06MM on Friday as part of his $17.24MM in overall compensation. That helps explain the timing of this trade, one which will see the Alabama product paired with Courtland Sutton, Marvin Mims and Troy Franklin. Sutton’s pact runs through 2029, while Mims and Franklin – just like quarterback Bo Nix – are attached to their rookie contracts. Coming off the back of a second straight playoff appearance, Denver is aggressively pursuing an upgrade in the passing game.
More to come…
Jets To Trade QB Justin Fields To Chiefs
As expected, Justin Fields‘ time in New York is coming to an end. A trade has been worked out which will send him from the Jets to the Chiefs, as first reported by ESPN’s Adam Schefter. 
This trade will include a late-round pick swap. The Jets are dealing Fields and a seventh-round pick to the Chiefs in exchange for a sixth-round pick, Ian Rapoport of NFL Network notes. The sixth-rounder is in the 2027 draft, per colleague Tom Pelissero.
New York is retaining salary to facilitate this deal, SNY’s Connor Hughes reports. Per Pelissero, the Jets are taking on $7MM of the $10MM Fields was already guaranteed for the 2026 season. That will make him a cost-effective backup for the Chiefs, a team in need of insurance under center. Patrick Mahomes continues to recover from an ACL tear, leaving his Week 1 availability in question.
Gardner Minshew was in place as Kansas City’s backup, but he departed last week by agreeing to a free agent deal with the Cardinals. Fields will now be able to handle first-team reps through the offseason while Mahomes recovers. Other teams were interested in the former Bear and Steeler, per Schefter. He adds, however, that Fields’ preference was to join the Chiefs. With an immediate path to practice time in place with respect to Kansas City, that comes as no surprise.
For the Jets, a Fields departure was made even more likely once a reunion with Geno Smith was worked out. New York traded for Smith last week, and his contract was also reworked as part of the deal. The Jets will only be responsible for $3.3MM of Smith’s compensation for 2026. Paying out a larger figure has allowed for a parting of ways in Fields’ case, something which seemed inevitable once his brief tenure atop the depth chart came to an end.
The former first-rounder secured $30MM guaranteed on a two-year free agent deal last spring. Fields served as New York’s starter for nine contests, averaging less than 140 passing yards per game with a career-low 6.2 yards per attempt average. He managed 383 rushing yards and four scores on the ground, but Fields and the Jets’ passing game was the subject of public criticism from owner Woody Johnson before head coach Aaron Glenn decided to bench him. Tyrod Taylor and Brady Cook saw time afterwards; Taylor is unsigned but Cook and Bailey Zappe are still in place for the Jets.
The cap savings ($11MM) and dead money charges ($12MM) generated by this trade are essentially a wash for New York. Kansas City, meanwhile, entered Monday with roughly $10MM in cap space – nowhere near as much as the Jets. Taking on Fields at a highly reduced rate will be key for the Chiefs as they sort out their QB depth chart. Fields will join Mahomes, Chris Oladokun and Jake Haener as signal-callers in Kansas City. The Ohio State product has expressed confidence he can still operate as a starter, and the opportunity to do so on a short-term basis may present itself in 2026.
Jets DL Jowon Briggs Signs ERFA Tender
Following a promising sophomore season in New York, Jowon Briggs is now definitively sticking with the Jets in 2026. According to Aaron Wilson of KPRC2 in Houston, the defensive tackle inked his exclusive rights free agent tender today.
This was the expected move after the Jets initially placed the ERFA tender on Briggs earlier this month. By signing that deal, the defensive tackle is now attached to a non-guaranteed $1.075MM base salary for next season.
A 2024 seventh-round pick by the Browns, Briggs played sparingly as a rookie. The Jets picked him up via a late-round pick swap towards the end of the 2025 preseason, and the defender immediately saw a role for his new squad. Briggs had a part-time role on the Jets defensive line through the first half of the season, but following the Quinnen Williams deal, the defensive tackle saw a larger role down the stretch.
Briggs actually led the DL unit in snaps from Week 11 on, with the uptick corresponding with his move to the starting lineup. Over that stretch, the lineman compiled 25 tackles, five tackles for loss, and a pair of sacks. When all was said and done, Briggs had four sacks for the season, with Pro Football Focus ranking him 15th among 127 qualifying interior defenders.
The Jets have been busy adding to their defensive line this offseason, with T’Vondre Sweat and David Onyemata joining Harrison Phillips in the starting lineup. Still, the Jets regime clearly sees something in Briggs, and it wouldn’t be a surprise if he sees an even larger role during his third NFL season.
Falcons Rework A.J. Terrell’s Contract
The Falcons opened up a considerable chunk of cap space today. According to Aaron Wilson of KPRC2 in Houston, the team restructured A.J. Terrell‘s contract.
Specifically, the team converted $12MM of the cornerback’s salary into a signing bonus. This helped carve out an extra $9MM in cap space, per Jason Fitzgerald of OverTheCap.com. The veteran will now earn a $3MM base salary in 2026 and is attached to a $13.5MM cap charge.
Terrell is still playing on the four-year, $81MM extension he inked with the Falcons back in 2024. That contract effectively included $65.8MM in guaranteed money; at the time, that represented the second-highest commitment to a cornerback in NFL history. As a result of that lucrative deal, the organization will have to continue navigating the contract in upcoming seasons. In addition to carving out some extra cap space, today’s contract machinations kicked the can down the road in that regard.
The cornerback is attached to a sizable $27.5MM cap hit in 2027, meaning the team could once again go to the negotiating table with the veteran. The Falcons will truly face a decision about Terrell’s roster status in 2028, when he’s attached to a $29.5MM cap hit. By making the CB a post-June 1 cut that year, the organization would save $19MM against the cap vs. $10.5MM in dead cap. In other words, this surely isn’t the last time we’ll hear of the player’s contract.
Of course, neither GM Ian Cunningham nor head coach Kevin Stefanski were around when Terrell inked that extension, and it’s uncertain how the new Falcons regime feels about their high-priced cornerback. A first-round pick in 2020, Terrell showed off his ceiling as a sophomore, when he earned an All-Pro nod after finishing with three interceptions and 16 passes defended. For his efforts that season, Pro Football Focus ranked him 2nd among 116 qualifying cornerbacks.
He’s struggled to live up to that showing. He finished the 2024 campaign having allowed a career-worst 67.2 completion percentage on passes thrown his way. He rebounded slightly in 2025, improving that mark to 58.3 percent. However, PFF marked him down for eight missed tackles, leading to a middling positional grade (75th among 112 qualifiers).
Fortunately for Terrell, he’ll have an opportunity to show the organization’s new leadership what he’s got. The Falcons haven’t done anything to address the position this offseason, meaning they’re easily penciling Terrell in for an important role in 2026.
Minor NFL Transactions: 3/16/26
Today’s minor moves:
Las Vegas Raiders
- Signed: LB Segun Olubi
New England Patriots
- Signed: LS Niko Lalos
Tennessee Titans
- Signed ERFA tender: WR Bryce Oliver
Seahawks RB George Holani Signs ERFA Tender
As expected, George Holani will be back in Seattle next season. The team announced that the running back has signed his exclusive rights free agent tender.
The move locks Holani into a non-guaranteed $1.075MM base salary for the 2026 campaign. The Seahawks placed the ERFA tender on the RB earlier this month.
Holani quickly caught on with the Seahawks after going undrafted out of Boise State in 2024. He spent the majority of his rookie campaign on Seattle’s practice squad. He made appearances in five regular season games for the Seahawks, with 36 of his 41 snaps coming on special teams.
He took on a somewhat larger role in 2025, serving as the team’s third running back behind Kenneth Walker and Zach Charbonnet. The majority of the player’s production continued to come on special teams. He finished the year with 16 kick returns for 387 yards, and he also scored a touchdown while recovering Seattle’s own kickoff in Week 2.
Offensively, Holani got 24 touches, which he turned into 88 yards from scrimmage and one touchdown. The second-year player also got an extended look in the playoffs after Charbonnet suffered a torn ACL. Holani ultimately got another nine touches in the postseason, compiling 44 yards.
The 26-year-old could be in line to take another step forward in 2026. Walker left for the Chiefs via free agency, and Charbonnet’s season debut will surely be delayed as he works his way back from the knee injury. The Seahawks did add former Packers backup Emanuel Wilson for depth, and the likes of Cam Akers, Kenny McIntosh, Velus Jones, and Jacardia Wright are on the offseason roster. Considering Holani’s familiarity with the organization, he’ll be given every chance for reps heading into the 2026 campaign.
Cardinals Sign DL Andrew Billings
The Cardinals have been busy adding to their defensive line this offseason, and they’re apparently not done. According to Darren Urban of the team website, the team is signing defensive lineman Andrew Billings.
It will be a one-year deal for the veteran. Aaron Wilson of KPRC2 in Houston reported earlier today that Billings was visiting the Cardinals.
The veteran is coming off a three-year stint with the Bears, where he started 39 of his 42 appearances. A torn pectoral muscle limited him to only eight appearances in 2024, but he rebounded with a 17-game showing (14 starts) in 2025.
He finished this past year with 31 stops and one sack while getting into just about half of Chicago’s defensive snaps. While his health was a positive, his play left some to be desired. Pro Football Focus wasn’t particularly fond of his performance, ranking him 121st among 127 qualifying interior defenders.
The site rates his last notable season as 2022, when he finished 16th among 127 qualifiers. During that one-year stop with the Raiders, Billings compiled 39 tackles and one sack. The 2016 fourth-round pick spent the first four seasons of his career with the Bengals, where he collected 3.5 sacks in 47 games.
The Cardinals have made several notable additions to their defensive line over the past week, including Roy Lopez, L.J. Collier, and Jonah Williams. Lopez is likely penciled in for the nose tackle role in the middle of the defensive line, but Billings will help soak up some extra snaps at the position.
Panthers To Re-Sign P Sam Martin
Veteran punter Sam Martin joined the Panthers on a one-year deal last March, but he will receive more security this offseason. The Panthers will retain Martin on a two-year contract worth up to $5MM, Ian Rapoport of NFL Network reports.
Carolina is the fourth NFL stop for the 36-year-old Martin, who divided his first 12 seasons among Detroit, Denver and Buffalo. Aside from a 10-game 2017 with the Lions, Martin has played at least 16 contests in every season. Martin has averaged 46.3 gross yards per punt and 41.0 net over 811 attempts.
During his first year with Carolina, Martin punted 56 times in 17 games. At 47.2 yards per attempt, he checked in just shy of the league-average mark (47.4). His 40.5 net was also a bit below the mean (41.3), though he posted the sixth-highest percentage of punts inside the 20 (48.2). Martin also punted for a touchback on just 5.4% of attempts, easily better than the league-average figure of 7.7.
For the reigning NFC South champion Panthers, re-signing Martin means they will keep their 2025 special teams battery in place. Martin will again team with kicker Ryan Fitzgerald and long snapper J.J. Jansen.
49ers To Sign WR Christian Kirk
Not content to stop with Mike Evans, the 49ers are signing another veteran wide receiver. The team has agreed to a one-year, $6MM contract with Christian Kirk, veteran insider Jordan Schultz reports.
An eight-year pro who has divided his career among Arizona, Jacksonville and Houston, Kirk will join the recently signed Evans, Ricky Pearsall, Demarcus Robinson, Jacob Cowing and Jordan Watkins in San Francisco’s remade receiving corps.
The 49ers lost Kendrick Bourne and Skyy Moore earlier in free agency, while Jauan Jennings remains unsigned despite serving as their most productive wideout in 2025. They are also expected to lose Brandon Aiyuk via release or trade.
Kirk, a Texas A&M product who came off the board in the second round in 2018, averaged 59 catches, 726 yards and four touchdowns per season on his four-year rookie contract. That was enough to earn a four-year, $72MM contract with the Jaguars in March 2022.
Playing the second 17-game season of his career, Kirk posted personal highs in catches (84), yards (1,108) and touchdowns (eight) in his first year in Jacksonville. However, both his production and health have fallen off since then. After Kirk combined for 84 grabs, 1,166 yards and four scores over 20 games from 2023-24, the Jaguars traded the 5-foot-11, 200-pounder to the Texans for a 2026 seventh-rounder.
Kirk went through another injury-limited year in 2025, during which hamstring troubles held him to 13 games. The 29-year-old lined up in the slot for 73.2% of snaps and hauled in 28 of 52 targets for 239 yards, a career-low 8.5 YPC and a score. Those numbers did not help Kirk’s cause during a platform year, though he turned heads in the Texans’ wild-card round win over the Steelers. In a 30-6 blowout, Kirk torched Pittsburgh for eight receptions on nine targets, 144 yards and a TD. While Kirk only caught two of six targets for 20 yards in a loss to the Patriots in the divisional round, he picked up another score in what will go down as his last game as a Texan.
Barring an unexpected development, San Francisco’s addition of Kirk could close the door on Jennings’ five-year tenure with the franchise. PFR’s 18th-ranked free agent, Jennings is surprisingly still on the market in the wake of back-to-back strong seasons.
Buccaneers Re-Sign OL Dan Feeney
Dan Feeney is set to spend another year in Tampa Bay. The veteran offensive lineman re-signed with the Buccaneers on Monday, per a team announcement. 
Feeney joined the Bucs shortly after the start of the 2025 regular season. The loss of Cody Mauch required a veteran addition, and he became a regular presence up front. Feeney logged 10 starts in his 12 appearances for Tampa Bay. He worked exclusively at right guard during that period.
The 31-year-old has also seen plenty of time at left guard during his career. Feeney has operated as a center as well during certain stops, but with Graham Barton in place for Tampa Bay that should not be expected for 2026. Instead, Feeney will aim to provide guard depth for the Buccaneers as the team hopes for a return to full health on Mauch’s part.
During his stretches as a first-team presence, Feeney has not drawn strong PFF reviews. That remained the case in 2025 when he stepped in for Mauch. The Bucs will no doubt prefer this to be a veteran depth move rather than one setting up another lengthy run in the starting lineup.
The former third-rounder signed for $1.26MM when joining Tampa Bay last year. Another one-year deal worth a similar amount will likely be in store for 2026. The Buccaneers entered Monday with over $40MM in cap space, so this re-signing will not drastically impact the team’s other plans for the remainder of free agency.