NFL Restructures: Watson, Gage, Edwards, Hines
As expected, the Browns have restructured the contract of quarterback Deshaun Watson, per NFL Network’s Ian Rapoport (Twitter link). The move saves Cleveland just under $36MM in cap space, and avoids Watson breaking the NFL record for the highest cap hit in a single season (he was due to count for $54.9MM in 2023).
As was recently noted, the Browns did not require Watson’s permission to convert base salary into signing bonus, though he was reportedly open to the idea. His historic, fully-guaranteed pact signed last offseason upon his acquisition from the Texans was always seen as a financial burden beginning in 2023 due to its structure. While this move thus comes as no surprise (and will, of course, affect his cap hits in future years), it will give Cleveland the spending power needed to make at least one or two notable additions in free agency this week.
Here are some other recent contract restructures, as teams look to carve out much-needed cap space for the coming free agent frenzy:
- Buccaneers receiver Russell Gage took a slight pay cut for this year to remain in Tampa Bay. Per Rapoport (on Twitter), the 27-year-old agreed to lower his salary from $10MM to $7MM – the latter figure now being fully guaranteed – with incentives in place to earn it back. After a slew of recent cost-cutting moves and financial maneuvering, Tampa Bay is now slightly under the cap ceiling in time for the start of the new league year.
- Backup Ravens running back Gus Edwards has been seen by many as a potential cut or trade candidate, as the team looks to add financial wiggle room. He will remain in the fold for the coming season, however. ESPN’s Jeremy Fowler reports that the 27-year-old has agreed to drop his base salary (set to be $4.4MM) by roughly $1MM (Twitter link). He, too will have the chance to make back that amount and more if he hits the new incentives in place in his deal. Edwards is entering the final year of his contract.
- The Bills will have Nyheim Hines in the backfield at a different cap number than he was originally scheduled for. Rapoport’s colleague Mike Garafolo tweets that Hines is re-working his contract to move part of his base salary into a signing bonus. The midseason trade acquisition was due a base salary of $4.45MM in 2023, and set to carry a cap hit of $4.79MM. Garafolo notes that Hines will have the chance, via incentives, to earn more than the latter figure this season. He is on the books through 2024.
Dolphins Acquire Jalen Ramsey From Rams
The Rams have agreed to trade CB Jalen Ramsey to the Dolphins, Adam Schefter of ESPN.com reports (Twitter link). CBS Sports’ Josina Anderson first reported that the two sides were deep in talks and that a deal seemed likely.
Miami is acquiring Ramsey in exchange for a third-round pick (No. 77, specifically) in this year’s draft, along with tight end Hunter Long. The ‘Fins will now be on the hook for the remainder of Ramsey’s contract, which runs through 2025.
The 28-year-old was scheduled to carry cap hits ranging from $22.7MM to $26.7MM over the next three years, figures which would represent a significant burden to any acquiring team. However, Ian Rapoport of NFL Network tweets that his contract has been re-worked upon the deal being finalized. As a result, Ramsey has been given an additional $25MM in guaranteed compensation on top of what he was already owed in salary and bonuses, though his impact on Miami’s cap sheet may likely be lessened as well. 
The Rams’ acquisition of the former top-five pick in 2019 was one of several blockbuster deals the team made as part of their aggressive approach to trades and free agency in recent years. It helped them earn a Super Bowl title, but has now put them in a financial situation where notable departures are set to continue dominating their offseason. Edge rusher Leonard Floyd has already been released, and the same will be true of linebacker Bobby Wagner once the new league year begins.
Once the news came out that Wagner’s Los Angeles tenure would end after only one season, it was reported that a trade sending Ramsey out of town was expected to take place. The light return the Rams are receiving compared to the price they paid to acquire him from the Jaguars (a pair of first-round picks, along with a fourth-rounder), along with what they were reportedly seeking in a deal, speaks to how urgently they wanted to offload his contract before the start of free agency.
The Florida State alum remained productive in what amounted to a disastrous 2022 season for the Rams. He recorded four interceptions and 18 pass breakups while being one of few key players able to stay healthy for the entire campaign. While his coverage stats were the worst of his three full seasons in Los Angeles, Ramsey will still return to Florida carrying significant expectations.
The Dolphins took a step forward on offense last season, the first with head coach Mike McDaniel in place. Their defense struggled, however, particularly against the pass. Miami ranked 27th in passing yards allowed per game, and 29th in interceptions, pointing to a need to add to their secondary. That became especially true when it was learned that cornerback Byron Jones – who missed the entire 2022 campaign due to injury – was unlikely to play again in the NFL. He will be released once the new league year begins on Wednesday.
Ramsey will provide an upgrade to a CB room which already features Xavien Howard. Those two, along with versatile safety Jevon Holland, will anchor the Dolphins’ secondary as their defense enters a new era under DC Vic Fangio. The veteran staffer came back to the coaching ranks this offseason on a deal which makes him the highest-paid coordinator in the league. His presence should allow for a rebound defensively for the Dolphins, who still qualified for the postseason in 2022 despite their underwhelming performance on that side of the ball and quarterback injuries.
Long, a third-round pick in 2021, has made just one catch across 16 games spent with the Dolphins. He will provide depth at the TE position for the Rams, while creating a further roster hole at that spot for Miami. Mike Gesicki is widely expected to depart in free agency after his usage took a step back within McDaniel’s new scheme. While the Dolphins will likely be active replacing him and Long, they have landed a major addition to their defense for the intermediate future.
Rory Parks contributed to this post.
49ers Re-Sign S Tashaun Gipson
Following up on yesterday’s rumor that the 49ers were interested in bringing back potential free agent safety Tashaun Gipson, the two parties have agreed to a new one-year contract to keep Gipson in red and gold, according to Mike Garafolo of NFL Network. Gipson will return to start in the defensive backfield opposite first-team All-Pro Talanoa Hufanga. 
Gipson joined the 49ers just prior to the start of the 2022 season, eight days before the 53-man roster cut deadline. He didn’t make the initial 53-man roster and was signed to the practice squad. Gipson was a practice squad elevation in Week 1 to fill in for an injured Jimmie Ward and, two days later, was officially promoted to the active roster.
Gipson had a resurgent 2022 season for San Francisco returning five interceptions for 141 yards, numbers he hadn’t reached since his early years in Cleveland. He started every game of the season at safety alongside Hufanga, with both helping to form the league’s best scoring defense.
Gipson’s new deal is worth $2.9MM, according to Doug Kyed of A to Z Sports. The contract has a guaranteed amount of $2.17MM consisting of a $1MM signing bonus and $1.17MM of salary. Gipson will receive a per game active roster bonus of $40,000 for a potential additional season total of $680,000. He’ll also receive a $50,000 workout bonus. The deal also includes $300,000 in potential incentives that can be triggered through interceptions, fumble recoveries, playing time, team achievements, and a Pro Bowl selection. The contract includes three voidable years to spread out Gipson’s cap hit.
It was assumed that only one of Gipson or Ward would be re-signed, sending the other to the free agent market. With Gipson’s new contract, Ward, the longtime 49ers defensive back, will likely be testing the free agent waters. It may be difficult to say goodbye to Ward, who has been with the team since 2014, but it’s hard not to recognize the outstanding accomplishments of Gipson’s surprising year.
From beginning the year on the practice squad to starting every game of the season, Gipson surpassed all expectations and had a strong season while doing so. In return, Gipson has earned an opportunity to stay with one of the league’s top defenses, which should only assist him in continuing to excel.
Minor NFL Transactions: 3/12/23
Today’s minor moves in the NFL, one day before the legal tampering period begins:
Indianapolis Colts
- Re-signed: DE Tyquan Lewis
Washington Commanders
- Re-signed: LB Khaleke Hudson
Lewis, 28, has played all five seasons of his career with the Colts, and his tenure there will continue in 2023. The former second-rounder is signing a one-year deal worth $2.1MM (Twitter link via Joel A. Erickson of the Indianapolis Star). Lewis had logged a career-high snap share of 62% in 2022 before suffering a season-ending injury in October, and could be in line for a significant workload again this coming season.
Hudson was set to become an RFA, but has also inked a one-year deal, per a team announcement. The 25-year-old joined Washington as a fifth-round pick in 2020, and has been a mainstay on special teams in all three of his NFL seasons to date. His role in the third phase is likely to continue in 2023, as he looks to play his way into more regular defensive duties.
Jets, LB Quincy Williams Agree To Deal
The Jets have taken care of some internal business days before free agency officially opens. New York has agreed to terms on a three-year, $18MM deal with linebacker Quincy Williams (Twitter link via Tom Pelissero of NFL Network).
Pelissero adds that the deal has a maximum value of $21MM. SNY’s Connor Hughes tweets that the pact also includes $9MM guaranteed at signing. It allows the Jets to retain the 26-year-old without him being able to test the open market. Williams’ rookie contract was set to expire on Wednesday, but his stay in New York will now continue after his arrival with the team two years ago.
Williams was drafted by the Jaguars in 2019, but his tenure in Duval County was short lived. The former third-rounder logged a starter’s workload as a rookie, but saw his defensive playing time drop considerably in his second season. He was waived on roster cutdown day in 2021, and claimed by the Jets in a move which reunited him with his brother, 2019 third overall pick Quinnen Williams.
That also helped the Jets shore up the middle of their defense, and give them a productive linebacker to pair with C.J. Mosley. Williams has logged 1,672 snaps in New York, a major step up in usage compared to his Jaguars tenure. His has responded by notching 100-plus tackles in each of his Jets seasons, adding a total five sacks during that span. As such, a new deal keeping him in the fold was a priority for the team, and this pact accomplishes one of several goals they have this offseason.
Another of those – aside from a franchise-altering quarterback acquisition, of course – is a new deal for the younger Williams brother. Quinnen is due for a substantial pay raise given his production, and the effect on the DT market likely to be seen from today’s massive deal given by the Commanders to Daron Payne. The Jets are optimistic that an extension with Williams could be in the cards soon, which would secure the financial future of another major member of their defense. Regardless of what happens on that front, the elder Williams will be able to continue his stay with his second NFL team for the intermediate future.
Commanders Agree To Terms With DT Daron Payne
Daron Payne became the first of six players to receive the franchise tag this offseason. That move has not led to a lengthy wait for a lucrative multi-year pact. Payne is signing a four-year, $90MM contract with the Commanders including $60MM guaranteed, per ESPN’s Adam Schefter (Twitter link). 
The 25-year-old defensive tackle was already slated for a significant pay raise via the one-year franchise tag worth just under $19MM this season. Instead, he will now vault himself into second at the position in terms of compensation, behind only Aaron Donald. While the deal is striking due to its size, it comes as little surprise in terms of the sentiment coming from Washington in the build-up to their decision to tag Payne.
Head coach Ron Rivera spoke last month about Payne’s situation, and confirmed that reaching agreement on a long-term deal was among the team’s top priorities. That made him a logical tag candidate, and using it allowed the team to lengthen their negotiating window. Now, before the start of free agency, they have the former first-rounder in place for the foreseeable future.
Payne proved himself to be a productive pass rusher right away, notching five sacks as a rookie. He failed to match the figure over the following three seasons, but he put up a career-best 11.5 in 2022. By adding 64 total tackles and 25 pressures, the Alabama product set himself up well for a payday. That has now arrived on a deal with an annual average value of $22.5MM, making Payne the fifth defensive tackle to eclipse the $20MM-per-year mark.
Donald is comfortably in a league of his own, but Chiefs star Chris Jones is one of several veterans angling for a new deal which could close that gap. Multiple DTs now eligible for new contracts – like Quinnen Williams, Jeffery Simmons, Christian Wilkinsand Dexter Lawrence – are also likely to be affected by this deal. Payne translating his age and production into a deal of this size will boost the market league-wide.
One of several former first-rounders on the Commanders’ defensive front, Payne represents the latest major investment in the unit. While their expensive tandem of Payne and Jonathan Allen at the defensive tackle spot will hamstring their efforts to add at other positions this offseason, Washington still figures to be able to make at least one splash in the coming days, especially if they hold true to their intention of not committing substantial funds to the quarterback position.
Payne will look to remain a productive mainstay of the Commanders’ defense, as the team aims to take a step forward in 2023, a season in which Rivera figures to be on the hot seat. Expectations will be raised for both, with the former now on the books for the long-term future at a substantial price tag.
Bills, LB Matt Milano Agree To Extension
The Bills have inked linebacker Matt Milano to a two-year extension that will keep Milano under club control through 2026, as Adam Schefter of ESPN.com reports (via Twitter). The transaction will create $6MM of salary cap relief for cap-strapped Buffalo, with Aaron Wilson of KPRC2 reporting that Milano is due to earn $14MM per year over the 2025-26 seasons (Twitter link).
Milano, whom the Bills signed to a four-year, $44MM contract in March 2021, has given the club a good return on its investment. He and Tremaine Edmunds have combined to form one of the league’s top ILB duos, with Milano racking up 86 tackles and three sacks in 2021 en route to a solid 70.1 overall grade from Pro Football Focus.
The 2017 fifth-rounder hit another gear in 2022, notching 99 total tackles and three interceptions — including one pick-six — and earning First-Team All-Pro acclaim for his efforts. He bumped up his PFF grade to 73.2, thanks in large part to his improved work in pass coverage.
Edmunds, whom PFR recently ranked as the ninth-best free agent in this year’s class, is reportedly set to hit the open market despite some discussions about a new contract with the Bills. Jeremy Fowler of ESPN.com hears that, even in a crowded linebacker market, Edmunds could be in line for a $20MM/year contract, and he confirms that Edmunds is unlikely to remain in upstate New York even if he does not quite hit his asking price (subscription required).
Buffalo, which already restructured Milano’s contract last offseason for cap purposes, views the 28-year-old as a star at his position, and his presence is one reason why the club is comfortable with letting Edmunds walk. In addition to Edmunds, though, the Bills’ could lose another key member of its top-six defense in safety Jordan Poyer, who should find a robust market for his services.
Milano, at least, will be around for the foreseeable future as GM Brandon Beane tries to retool around him.
Panthers Extend LB Shaq Thompson
The Panthers will have a mainstay of their defense beyond his scheduled walk year. Carolina has agreed to terms on a re-worked two-year deal with linebacker Shaq Thompson, per Ian Rapoport of NFL Network (Twitter link). The team has announced the move. 
The 28-year-old was already on the books for 2023, but at a cap hit of $24.4MM. This deal will add one new year to his existing contract, and in all likelihood lower that cap figure for the coming season. That will allow Thompson to continue his career in Charlotte, all eight years of which have been spent with the Panthers.
The former first-rounder has been a fixture throughout his Carolina tenure, starting 106 of his 117 career games to date. Thompson’s time has been marked by consistent production, as he has racked up at least 104 tackles in each of the past four seasons. Over that span, he has logged a snap share no lower than 93%, making him a vital, experienced part of the team’s defense.
Thompson popped up in trade rumors after head coach Matt Rhule was fired in the middle of the 2022 season. That decision led to speculation of a firesale being possible, and the Panthers were indeed willing to ship off Christian McCaffrey; they unsurprisingly listened to offers on Thompson, but elected to keep him through what ended up being a late-season run towards a division title. The Washington alum set a new career-high in total stops with 135 this season.
The arrival of Ejiro Evero as defensive coordinator has brought about a change in scheme to a 3-4 for Carolina. That made Damien Wilson expendable, as he was released yesterday, but Thompson will now remain in place atop the team’s linebacker depth chart. His experience will no doubt be leaned upon as the Panthers transition into a new era on defense while looking to maintain the unit’s success from 2022.
From a personal standpoint, this deal will also allow Thompson to continue his ascent up the franchise leaderboard in several categories. He currently ranks fourth in team history in tackles, trailing only Thomas Davis, Luke Kuechly and Mike Minter. Another strong season could see Thompson move into third place on that list, and help earn himself an extended stay in Charlotte beyond 2024.
Saints Sign TE Juwan Johnson To Extension
Previously on track for restricted free agency, Juwan Johnson now has a new contract. The Saints and the young tight end agreed to a deal that runs through 2024 on Saturday, according to his agent (on Twitter).
Johnson has become a key presence in New Orleans’ passing attack, and the Saints convinced him to bypass a run at unrestricted free agency next year. He is now in line to be part of the team’s next two Derek Carr-piloted offenses.
This agreement will keep the Saints from having to place a second-round RFA tender on Johnson, which matters more after the Carr deal pushed the team more than $20MM over the cap ahead of the 2023 league year. The second-round RFA tender costs $4.3MM this year. The terms of this deal are not yet known, but it should be assumed Johnson’s 2023 cap number checks in considerably lower than that number while rising in 2024. It will be interesting to see these terms, as Johnson could have parlayed a nice 2023 season into a free agency payday next year.
A converted wide receiver, Johnson saw his involvement in the Saints’ offense increase dramatically in 2022. The former UDFA caught 42 passes for 508 yards and seven touchdowns, helping the team’s Andy Dalton-led offense. No other Saints pass catcher totaled more than four touchdowns last season, and only Chris Olave topped Johnson’s yardage total. Johnson scored twice against the Falcons and Cardinals last season. As Carr settles in with the team, Johnson figures to be an important player in the near future.
Next season will be Johnson’s age-27 campaign; he has been with the Saints since his post-draft deal in 2020 but only became a key passing-game presence last season. The team traded four draft choices to move into the third round for tight end Adam Trautman that year, but Johnson has taken over as the squad’s most productive tight end. Trautman has maintained a steady role, however, as has Taysom Hill. Both are also under contract for 2023.
Panthers To Acquire 2023 No. 1 Pick From Bears
It has long been expected that the Bears would part with the top pick in this year’s draft. They have reportedly done so, shipping the No. 1 selection to the Panthers for a package including multiple first-rounders (Twitter link via NFL Network’s Ian Rapoport). 
The full compensation coming Chicago’s way, per ESPN’s Adam Schefter (on Twitter) is as follows: picks No. 9 and 61 in 2023, the Panthers’ first-round pick in 2024, their second-rounder in 2025 and receiver D.J. Moore. That will make this deal a franchise-altering one for both parties, as the Bears acquire substantial draft capital along with a proven No. 1 wideout, while the Panthers will have a prime opportunity to land a long-term option at the quarterback position.
Bears GM Ryan Poles has been consistent in his praise of quarterback Justin Fields, leaving the door wide open to a move down the board. He said upon learning that Chicago had the top selection (rather than the QB-needy Texans, who will pick second) that he would need to be “blown away” by this year’s class of passers to consider staying at No. 1 and replacing Fields. The latter took a step forward in terms of production, particularly on the ground, in 2022, but questions remain about his potential as a passer. The Bears are clearly staying true to their commitment to him in 2023 and beyond.
Only twice in the 21st century has the top selection been traded, and a No. 1 pick has never been dealt in the month of March. Poles recently hinted at that being a possibility, and it has now come to fruition. Rapoport adds that part of the reason this blockbuster is taking place now is the Bears’ desire to land Moore prior to free agency opening next week (Twitter link).
The 2018 first-rounder immediately established himself as a focal point of the Panthers’ passing attack, recording three consecutive seasons of 1,100+ receiving yards from 2019-21. He has been targeted at least 118 times in all but his rookie campaign, and scored 21 touchdowns across his five seasons in the league (including a career-high seven in 2022). Moore, 25, is under contract through 2025 with scheduled cap hits of over $20MM in each of the next three years.
The Maryland alum’s base salaries (ranging from $14.85MM to $19.965MM) could turn out to be money well spent for the Bears, a team which has been in dire need of a true impact-making wideout to unlock Fields’ potential. They traded for N’Keal Harry and Chase Claypool from the Patriots and Steelers, respectively, in 2022, though neither young pass-catcher was able to put up significant numbers in their time in the Windy City. Moore will slot atop the WR depth chart and increase expectations dramatically for Fields and Co. in his third NFL season.
The Panthers were one of many teams thought to be in the market for a significant addition at the quarterback position this offseason. The draft has long been considered their preferred route to find a legitimate Cam Newton successor; this deal will give them that opportunity. Rather than jockeying with teams like the Texans, Raiders and Colts in the top-10, Carolina will jump to the front of the line and have their pick of the lot amongst the 2023 QB class.
Alabama’s Bryce Young is generally regarded as the top signal-caller available this year. The 2021 Heisman winner has drawn plenty of questions about his frame and build with respect to withstanding NFL contact, but his production across the past two seasons makes him an appealing prospect. Young was at the Combine for measurements, but did not take part in drills, unlike other high-end signal callers C.J. Stroud, Will Levis and Anthony Richardson.
The Panthers’ preference amongst those four options will go a long way in determining the future of their franchise. Meanwhile, it will be worth monitoring how this shake-up affects other teams in need of drafting a quarterback who are now no longer in the running to trade up to No. 1. The Bears now have even more draft capital than they did before today, and a top-10 pick should still allow them to secure an impact player for the foreseeable future. That, coupled with their league-leading cap space, will allow them to be highly aggressive this offseason.