Transactions News & Rumors

Cowboys Passing On CB Kaiir Elam’s Fifth-Year Option

The Bills effectively admitted a mistake on Kaiir Elam, trading the former first-rounder in a pick-swap deal that only produced a 2025 fifth. The Cowboys took a flier on the fourth-year cornerback, but they will not authorize an eight-figure guarantee to conduct an extended evaluation.

One of this year’s easier fifth-year option decisions to predict, Elam will see his declined, ESPN’s Jeremy Fowler notes. Elam will move into a contract year. Although Elam’s lack of playing time would have tied him to the lowest number on the CB option ladder ($12.68MM), that still represents a tough ask based on his performance to date.

[RELATED: 2026 NFL Fifth-Year Option Tracker]

Buffalo traded up to No. 23 for Elam in 2022, though it is believed the team’s top CB target was Trent McDuffie. The future Chiefs standout is now a two-time All-Pro (though, his lack of a Pro Bowl nod left him eligible for a cheaper fifth-year option price), and Elam’s Bills swan song featured Kansas City targeting the backup after Christian Benford‘s latest ill-timed injury. Elam’s chance to rebound after the extended AFC championship game cameo will come in Dallas.

While Elam was ticketed to play opposite Tre’Davious White once the former All-Pro recovered from a 2021 ACL tear, Benford’s rise impeded that. Elam was given more chances to start, but the Florida alum could not capitalize on them. Following White’s Achilles tear in October 2023, the Bills traded for Rasul Douglas to play opposite Benford. That setup lasted 1 1/2 years, as Elam only played as a backup during Douglas’ time in Buffalo.

The Cowboys have some questions at corner, having seen Trevon Diggs go down with a second major knee injury. The former All-Pro is not viewed as a lock to begin the season on time, opening a door for Elam. But the Cowboys also used a second-round pick on East Carolina’s Shavon Revel. A first-round talent, Revel slipped to the second because of an ACL tear sustained last year. Revel is expected to be ready before the regular season. Elam, then, profiles as a backup and potential insurance option for a Cowboys team that returns All-Pro DaRon Bland.

The recoveries of Diggs and Revel will open the door to extensive offseason work, and potentially training camp first-string reps, for Elam. The soon-to-be 24-year-old defender has made 12 career starts. It will be interesting to see if Dallas adds another starter-level option as Diggs insurance, but as of now, Elam is that player heading into OTAs.

Packers To Decline LB Quay Walker’s Fifth-Year Option

The run of teams declining fifth-year options on off-ball linebackers will continue via a Green Bay decision. The Packers have expressed interest in a Quay Walker second contract, but their Thursday decision will put him on track for free agency sooner.

Green Bay will decline Walker’s 2026 option, ESPN.com’s Rob Demovsky reports. Picking up the option would have meant authorizing a $14.75MM guarantee for next season. Considering the trend teams have set at the position in recent springs, it is unsurprising the Packers will proceed this way with Walker’s rookie contract. This comes a day after the Pack exercised Devonte Wyatt‘s option. Though, Demovsky adds Walker remains in the team’s long-term plans.

[RELATED: Packers Sign LB Isaiah Simmons]

Over the past three offseasons, Patrick QueenKenneth MurrayIsaiah SimmonsJordyn Brooks and Jamin Davis had seen their options declined. The Jaguars passed on Devin Lloyd‘s on Wednesday. While some of these players did not justify a notable Year 5 guarantee, teams are passing on these payments in large part because the option formula groups all linebackers together. Thus, the ILB numbers are being boosted by the edge rusher market.

No team has picked up an off-ball LB’s fifth-year option since the Buccaneers exercised Devin White‘s in 2022. That decision did not end up paying off, and teams have strictly capped first-round ILB contracts at four years since.

Early-career maturity issues aside, Walker has proven a valuable player for the Packers. One of five Georgia defenders chosen in the 2022 first round, Walker arrived via the pick (No. 22) the Packers obtained from the Raiders in the Davante Adams trade. While the Packers have largely kept Wyatt a rotational player, they plugged Walker into the starting lineup early. Walker has started 43 of his 44 career games.

Walker is 3-for-3 in career 100-tackle seasons, and he notched a career-high nine TFLs last year. Like White, Pro Football Focus has never taken to Walker’s game. The advanced metrics website has yet to rank Walker as a top-60 off-ball LB in a season, slotting him 63rd in 2024. The Packers have deployed Walker as a regular throughout his career, and they respectively used him on 91% and 89% of their defensive snaps in 2023 and ’24. Though, lower-cost options being acquired could impact Green Bay’s decision on an extension.

Brian Gutekunst said on multiple occasions this offseason the team was interested in a second contract, but the Packers also used second- and third-round picks on ILBs last year. Second-rounder Edgerrin Cooper impressed as a rookie, becoming the team’s other three-down ‘backer. Third-rounder Ty’Ron Hopper did not see much playing time (18 defensive snaps in 17 games), but he also would profile as a potential option in the event Walker leaves as a 2026 free agent.

Jets QB Jordan Travis To Retire

Jordan Travis will not end up continuing as a Jets reserve quarterback into a second season. He has informed the team of an intention to retire.

The former Florida State quarterback, who suffered a gruesome ankle injury in November 2023, will land on the Jets’ reserve/retired list. Chosen in last year’s fifth round, Travis said medical personnel have advised he leave the game.

On November 18, 2023, my life took an unexpected turn,” Travis said in a statement. “I gave everything I had to the rehab process but despite all my efforts, my leg never responded the way we hoped. After much prayer and consultation with the doctors, medical experts and my agent, I’ve been medically advised to retire from the game I love so deeply.”

Multiple updates coming out of New York indicated Travis’ rehab route had not advanced as the team hoped. Then-interim HC Jeff Ulbrich said Travis had endured multiple setbacks during his rehab, and a pre-draft offering added that the team’s former coaching staff may have played a role in the effort not going smoothly. Travis’ agent said the pressure on last year’s coaching staff led to the team rushing the rookie, and the former high-end college passer’s ankle did not respond well.

Regardless of the timeline, it certainly appears Travis suffered a career-ending injury nearly 18 months ago. That injury kept Florida State out of the 2023 College Football Playoff field, which remained a four-team bracket that year, and hurt the QB’s draft stock. While Hendon Hooker rebounded to become the Lions’ backup QB last year, after a November 2022 ACL tear affected his draft stock, Travis will not be as fortunate. Travis sustained a fractured and dislocated ankle early in a game against Division I-FCS North Alabama, and extensive fallout emerged.

Travis, who transferred from Louisville to Florida State during a six-year college stay, spent last season on the Jets’ reserve/NFI list. He ended his Seminoles career No. 1 in school history in total offense (10,655 yards) and touchdowns (99), breaking former Heisman winner Chris Weinke‘s career records. Florida State had started 10-0 on the back of its veteran starter. When Travis went down, he was sitting on a 20-2 TD:INT ratio. The Jets believed he could have been a Day 2 pick had the injury not occurred, SNY’s Connor Hughes tweets.

The Jets have Tyrod Taylor positioned as Justin Fields‘ backup. While rumors persisted the team could use a Day 2 or Day 3 pick on a passer, no move materialized. One season remains on Taylor’s contract. Second-year UDFA Adrian Martinez is also on the team’s roster at quarterback.

Ravens Exercise Kyle Hamilton’s Fifth-Year Option, Decline Tyler Linderbaum’s

One of the safest fifth-year option bets this year, the Ravens are indeed exercising Kyle Hamilton‘s. This will push the All-Pro safety’s contract through 2026.

Baltimore’s other 2022 first-round standout, however, will not see his deal extended beyond 2025. The Ravens declined center Tyler Linderbaum‘s option. The Ravens are interested in extensions with both, but the option decision may make a Linderbaum payday a front-burner matter for the defending AFC North champions, as he is now in a contract year.

Teams have until 3pm CT Thursday to decide on options for 2022 first-round picks. Hamilton becomes the 19th player in this class to see his option exercised. This marks an increase from 2021, when 15 players saw their options picked up. Though, teams were quicker to extend some of their 2021 first-rounders by last year’s option deadline. Thus far, only the Texans (Derek Stingley Jr.) have done so for a 2022 first-round pick.

Hamilton, 24, will see an $18.6MM fifth-year option number due to being named to two Pro Bowls on the original ballot. Although no safeties were franchise-tagged this year, that amount doubles as the tag number at the position. Hamilton has become one of the NFL’s best safeties, and his extension floor undoubtedly will be a record-setting deal. Linderbaum joins Hamilton in being a two-time Pro Bowler. That worked against the Ravens with the option, as it would have cost them $20.99MM. That matches Trey Smith‘s franchise tag value this year.

The Ravens landed Hamilton with their own draft choice (No. 14) three years ago; they picked up Linderbaum through a savvy trade. Although Baltimore’s draft-night wide receiver trade became overshadowed by Philadelphia’s A.J. Brown swap, the AFC North team managed to land a first-rounder in a deal involving Marquise Brown. The Cardinals sent the Ravens No. 23 overall as the headline asset in the Brown trade package, and Baltimore then moved down two spots (as Buffalo moved up for Kaiir Elam) to snag its next starting center at 25.

Excelling in myriad capacities for the Ravens, Hamilton has been as advertised for a Ravens team that just used another first-round pick on a safety (Georgia’s Malaki Starks). He will pair with Hamilton, whose role changed a bit because the Ravens were unable to rely on big-ticket free agent signing Marcus Williams and lower-end addition Eddie Jackson. Both are out of the picture, leaving Hamilton and Starks as the team’s back-line anchors.

Hamilton intercepted four passes, posted 10 tackles for loss and notched three sacks in 2023. This rocketed Mike Macdonald‘s defense to No. 1 overall, as the Notre Dame product soared to first-team All-Pro honors. Hamilton still secured second-team All-Pro accolades last season, but his INT and TFL counts (one, four) did not approach his lofty 2023 performance. Hamilton did force two fumbles last season, and the Ravens will count on him once again.

Another strong season will put Hamilton in line to perhaps approach $25MM per year, as a gap between he and the field — which is currently headlined by Kerby Joseph‘s $21.25MM AAV — may become warranted.

The only center chosen in the 2022 first round, Linderbaum has become a stalwart for a Ravens line that has seen changes persist around him. Although Baltimore has retained Ronnie Stanley, the team has seen its left tackle run into steady injury trouble. The LG, RG and RT positions have also fluctuated in Maryland, amplifying Linderbaum’s importance. The Iowa alum has started 49 games, earning Pro Bowl honors (on the original ballot, which triggered the first-tier option price) in each of the past two seasons.

ESPN’s pass block win rate metric slotted Linderbaum fourth among all O-linemen last season, while Pro Football Focus rated him third at the position. PFF highlighted Linderbaum’s run blocking, as Derrick Henry motored to a 1,900-yard season despite having turned 30. Linderbaum being instrumental in that effort stands to make him a candidate to eclipse Creed Humphrey‘s center-record $18MM-per-year extension.

The fourth-year Raven’s rising value likely made this a somewhat difficult call for Baltimore, which will need to work out a deal by next March. No center has been franchise-tagged in the past 15 years. The team has some breathing room with Hamilton, as a Linderbaum pact will be required earlier to keep him out of free agency. Barring a significant change, Hamilton has no realistic path to the market.

Bills To Sign WR Elijah Moore

Elijah Moore‘s Buffalo visit will produce a deal. The Bills are bringing in the former Jets and Browns wide receiver, Fox Sports’ Jordan Schultz reports.

The veteran slot receiver can earn up to $5MM on a one-year deal. Moore, who visited the Bills on Monday, will follow former Chargers starter Josh Palmer as Bills WR additions this offseason. While the Browns applied a UFA tender to Moore before Monday’s deadline (regarding the 2026 compensatory formula), he has a deal in place more than two months before that tender would have given Cleveland exclusive negotiating rights.

As Cleveland aims for a potential comp pick for Moore’s Buffalo defection, the Bills have added an intriguing piece to Josh Allen‘s weaponry cadre. Palmer has regularly played in the slot, though he has shown ability on the perimeter as well, while the team still employs ex-Carolina and Washington inside receiver Curtis Samuel. Moore joins a suddenly crowded position group, one headlined by recently extended slot anchor Khalil Shakir and 2024 second-rounder Keon Coleman.

A post-draft Brandon Beane radio interview (via ESPN.com’s Alaina Getzenberg) involved the Bills’ GM taking exception to hosts’ questioning of his receiver strategy. (The team waited until Round 7 to draft a wideout this year.) While no one among Buffalo’s receiving corps has proven to be on Stefon Diggs‘ level, Shakir has overachieved based on his fifth-round pedigree. Shakir has become Allen’s top target, while the Bills will be expecting Coleman to take a leap as an outside receiver this season. Though, Shakir, Palmer, Samuel and now Moore does create a bit of a logjam in the slot.

The Bills did not draft a receiver this year, helping explain this post-draft signing, and they have not re-signed Amari Cooper. While that was mentioned as a possibility months ago, the Palmer and Moore moves effectively point to Cooper being a 2024 rental. Cooper did not move the needle much in Buffalo, which will try younger options as Shakir complementary pieces.

Moore, 25, showed promise as a Jets rookie, despite playing in an offense featuring an erratic rookie-year Zach Wilson, but did not see eye-to-eye with OC Mike LaFleur by his second season. That brought a trade request. As the Jets moved toward their Aaron Rodgers-fronted roster, they traded Moore to the Browns in a pick-swap deal headlined by a second-rounder changing hands. Moore ran into more QB trouble in Cleveland, which saw its Deshaun Watson trade fail spectacularly. Last season later brought Jameis Winston‘s usual high-variance shtick and an overmatched Dorian Thompson-Robinson post-Watson. Moore finished his Browns tenure with 640- and 538-yard seasons. He totaled 538 with a career-high five TDs in 11 games as a rookie in New York.

There is reason to view Moore as having untapped potential, as he will not turn 26 until next year and has never played with an above-average quarterback (excepting perhaps Joe Flacco‘s Cleveland cameo). The Bills will hope so, and they have him at a low rate (compared to Palmer’s three-year, $30MM pact). Samuel’s three-year, $24MM deal a fully guaranteed $6.91MM 2025 salary, making it likely he is back. It will be interesting to see how this receiver situation shakes out this offseason, as Hollins played a regular role for the Bills despite Cooper’s addition.

Minor NFL Transactions: 4/30/25

Here are today’s minor moves from around the NFL:

Carolina Panthers

  • Signed: DE Mapalo Mwansa

Dallas Cowboys

Jacksonville Jaguars

Kansas City Chiefs

Minnesota Vikings

New York Jets

Pittsburgh Steelers

  • Released: LB Thomas Rush

Patriots To Decline G Cole Strange’s Fifth-Year Option

The Patriots’ Cole Strange pick generated scrutiny at the time for being a reach, and the young guard has yet to justify his first-round selection. New England will now shift Strange into a contract year.

As expected, Strange will not see his fifth-year option exercised, ESPN’s Jeremy Fowler reports. That would have brought a $16.69MM fully guaranteed 2026 salary, making it essentially a non-starter for the Pats.

Teams have less than 24 hours to make their fifth-year option calls, which has brought a flurry of updates on this front Wednesday. But Strange’s never appeared in doubt. He missed seven games in 2023 and 14 last season. A patellar tendon tear ended Strange’s sophomore season, and he did not return until December 2024. The Pats activated Strange from the reserve/PUP list in early December but did not give him an offensive snap until Week 17 more than two weeks later.

New England did, however, reinstall Strange as a starter — at center — to close last season. The pre-draft plan had been for the Chattanooga product to enter the offseason as a starter (back at left guard) as well. While that may still be a go, New England drafted Georgia interior O-lineman Jared Wilson in Round 3. Wilson is listed as a center, but a quicker path to the starting lineup may be at guard, where Strange has proven unreliable. The Pats signed Garrett Bradbury shortly after his Vikings release.

The Pats traded down from No. 22 (via the Chiefs, who climbed up for Trent McDuffie) in 2022, landing on Strange at 30 in Bill Belichick‘s penultimate draft running the team. Strange was not mocked as a first-rounder that year, but he started 17 games at left guard for the ’22 Pats. With the Morgan Moses signing set to entrench Michael Onwenu at right guard, the team will carry a left guard question into training camp.

For now, however, Strange will aim to prove he can hold down the gig. Doing so would put him on a path to free agency, though the Patriots will retain exclusive negotiating rights with the soon-to-be 27-year-old blocker until the 2026 legal tampering period. Strange has plenty to prove between now and then, but with the guard market taking off in free agency, he could secure a nice payday by staying healthy in 2025.

Packers To Pick Up DT Devonte Wyatt’s Fifth-Year Option

Another team with two fifth-year option decisions to make before Thursday’s deadline, the Packers will make one by deciding to extend a contract to 2026. They are picking up Devonte Wyatt‘s fifth-year option, per Fox Sports’ Jordan Schultz.

The young defensive tackle will lock in $12.94MM guaranteed for 2026 as a result of this transaction. The Packers still have a decision to make on linebacker Quay Walker, though recent history at the position points to that option being declined.

[RELATED: 2026 NFL Fifth-Year Option Tracker]

The No. 28 overall pick in 2022, Wyatt has notched 10.5 sacks across the past two campaigns while logging snap shares of 50% and 41% during that span. That usage left the Georgia alum — one of five Bulldogs defenders drafted in the 2022 first round — on the bottom tier among D-tackle option prices. Wyatt, 27, has rarely started in Green Bay. He made zero starts in 2022 or ’24 but still managed to make a steady impact over the past two seasons.

Pro Football Focus graded Wyatt 37th among interior D-line regulars last season, though the advanced metrics site assessed his interior pass rush as far better than his run defense. A heavier workload could result in stronger production, although improved play against the run would no doubt be needed for an uptick in usage to come to bear.

Wyatt has combined to total 20 QB hits and 15 tackles for loss over the past two seasons, making it interesting he has not served as a regular starter. The Packers still have veteran Kenny Clark on their payroll, and Wyatt’s option year will come when the longtime contributor’s contract has paid out its guarantees. The Packers, who pivoted from their long-held 3-4 scheme to Jeff Hafley‘s preferred 4-3 look last season, also lost nose tackle T.J. Slaton to free agency. Regardless of first-string status, Clark and Wyatt are Green Bay’s most valuable DTs. The team did not address the position until the sixth round this year.

Green Bay chose Wyatt with its own pick in 2022, doing so after drafting Walker with the first-round pick acquired in the Davante Adams trade. They will have until 3pm tomorrow to determine Walker’s 2026 status. The tea leaves point to the Pack declining Walker’s option, with Brian Gutekunst referencing the outside linebackers hiking the price of the off-ball LBs’ options. Still, the veteran GM wants to retain both players on second contracts.

Falcons To Pick Up Drake London’s Fifth-Year Option

A year after exercising Kyle Pittsfifth-year option, the Falcons will keep their other pass-catching pillar from entering a contract year. The team is picking up Drake London‘s 2026 option, per ESPN’s Adam Schefter.

This will lock London into a $16.82MM guarantee for next year. London is eligible for the third-tier wide receiver option, having been a regular in Atlanta but not a Pro Bowler. The former No. 8 overall pick, however, is now an essential piece to the organization’s aim to developing Michael Penix Jr. into a franchise quarterback.

[RELATED: Falcons Were Prepared To Draft James Pearce Jr. At No. 15]

Teams have until 3pm CT Thursday to decide on options for 2022 first-round picks. Considering the team’s Pitts decision, London never seemed a candidate to see his option declined. Kirk Cousins, with a late-season assist from Penix, helped London post his first 1,000-yard season. He cruised past that benchmark, accumulating 1,271 yards in his third season. This marked a boost from London’s first two years, when he was tethered to Marcus Mariota and Desmond Ridder as his primary QBs.

Part of Terry Fontenot‘s annual commitment to restock the Falcons’ skill positions with top-10 picks, London was the second of those selections. After taking Pitts fourth overall, Fontenot chose London eighth out of USC in 2022. The 6-foot-4 target quickly replaced Calvin Ridley as the Falcons’ No. 1 receiver, arriving as the team’s previous top target had incurred a gambling suspension months before the 2022 draft. London, however, was tied to two run-oriented offenses.

That led to the Falcons’ scrutinized two-QB offseason project last year. While Cousins no longer factors into the Falcons’ plans — barring a season in which the high-priced passer actually sits behind Penix — London will be tasked with helping the 2024 No. 8 overall pick take steps forward in his first full starter season. This is not exactly new territory, as London paired with Ridder after the Falcons anointed the 2022 third-round pick as their 2023 starter — after four 2022 starts. Penix showed more promise by comparison in his late-season cameo, pointing London’s arrow up regarding extension value.

London totaled 866 receiving yards as a rookie in a Falcons offense that led the league in rushing attempts; he added 905 in 2023. After scoring six combined touchdowns during his first two seasons, London broke through for nine last year. That season upped London’s extension price, as an exploding receiver market will help his cause there. The league now has eight $30MM-per-year receivers, and with the cap rising by at least $20MM over the past two years, London — who will not turn 24 until July — can make a clear case he deserves to be in that group. Building on last season to accelerate Penix’s development would cement that case.

The Falcons paid Julio Jones before his fifth-year option season, authorizing the since-retired receiver’s first extension just before the 2015 season. While the team bought time by picking up London’s option, his price would stand to rise with another 1,000-yard season. The Falcons can enter extension talks with London this offseason, and it will be interesting to see if anything serious develops. While extending first-round receivers a year early simply did not occur in the option era prior to last year, the Eagles (DeVonta Smith) and Dolphins (Jaylen Waddle) did so. The Falcons would probably be wise to strongly consider making an early strike. No known talks have occurred just yet.

Jaguars To Decline LB Devin Lloyd’s Fifth-Year Option

The Jaguars will continue the string of teams declining fifth-year options on off-ball linebackers. As the NFL’s option formula still groups all linebackers together, Devin Lloyd will become the latest ILB to see his not exercised.

Lloyd is now in a contract year, ESPN.com’s Jeremy Fowler confirms. He would have been due a fully guaranteed $14.75MM had the Jaguars’ new regime signed off on his 2026 option. Lloyd is extension-eligible, so he could factor into the Jags’ long-term plans. It would also make sense if the team’s James Gladstone-Liam Coen duo wanted to see how he fit into a new defensive scheme.

[RELATED: 2026 NFL Fifth-Year Option Tracker]

No team has exercised a fifth-year option for an off-ball LB since the Buccaneers picked up Devin White‘s in 2022. That decision did not turn out well, as the All-Pro’s value cratered soon after. Over the past three offseasons, Patrick Queen, Kenneth Murray, Isaiah Simmons, Jordyn Brooks and Jamin Davis had seen their options declined. The Cardinals passed on Zaven Collins‘, despite moving him to the edge, and it should be expected the Packers will decline Quay Walker‘s ($14.75MM) by Thursday’s deadline.

This wrinkle reminds of the guard market, as the price of franchise-tagging a player at that position is complicated due to all O-linemen being grouped together under this formula as well. Guards and ILBs have easier paths to free agency as a result, and Lloyd could end up as a key piece on next year’s market because of the Jags’ Wednesday decision.

The Jags did pick up Travon Walker‘s fifth-year option, but the former No. 1 overall pick serves as an edge player. Lloyd has been a locked-in starter since his rookie year, but Trent Baalke‘s second pick since the Urban Meyer firing moved him to the top of the franchise’s personnel pyramid could use a quality contract year to display his value to both the Jags and other teams. Jacksonville traded up from No. 33 (via Tampa Bay) to acquire Lloyd at No. 27 overall. He has been a consistent producer despite the Jaguars continuing to change defensive coordinators.

Lloyd, 26, has missed just three career games. He has made at least 113 tackles in each of his three seasons, working as a regular under Mike Caldwell and Ryan Nielsen. After making just two tackles for loss during his first two seasons combined, Lloyd — a former 27 overall pick out of Utah — made seven last season. The Jags hired Anthony Campanile to run their defense this year. Lloyd will undoubtedly be a key piece. Pro Football Focus has graded Lloyd as a top-15 linebacker in each of the past two seasons.

That status becomes more impressive when factoring in the organizational turnover in that span. Doug Pederson fired Caldwell after the 2023 season, and Nielsen again became a one-and-done DC (as he had in Atlanta) thanks to a head coach being fired a year later. Lloyd will attempt to prove himself valuable in Campanile’s defense this season.