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The Carolina Panthers have signed edge rusher Jaelan Phillips to a four-year, $120 million contract, according to Ian Rapoport of NFL.com. Phillips is a former first-round pick who spent 4.5 years in Miami before being dealt to the Philadelphia Eagles at the 2025 trade deadline. He was healthy for all 17 games last season and made a career-high 17 starts while amassing five sacks, 14 quarterback hits, 53 tackles, and two fumble recoveries. Giving Phillips such a lucrative contract reaffirms Carolina's desire to invest in its defense, just a few months after winning the NFC South and being eliminated in the first round of the NFL playoffs. Phillips will immediately fill an impact role on defense as the Panthers look to slow down the likes of Michael Penix Jr., Tyler Shough, and Baker Mayfield within their own division.

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The Washington Commanders have signed free-agent edge rusher Odafe Oweh to a four-year, $100 million contract that includes $68 million guaranteed, according to Ian Rapoport of NFL.com. Oweh spent his first 4.5 NFL seasons with the Baltimore Ravens before being acquired by the Los Angeles Chargers during the 2025 regular season. He appeared in 17 games last year, amassing 7.5 sacks, 18 quarterback hits, and 38 tackles. Over the last two seasons combined, he has recorded 17.5 sacks. Oweh will provide a key pass-rushing presence within a Commanders' defense that previously lacked starpower. He'll be tasked with slowing down some of the talented quarterbacks in Washington's division, including Dak Prescott, Jalen Hurts, and Jaxson Dart.

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The Las Vegas Raiders have signed free-agent center Tyler Linderbaum to a three-year, $81 million deal that includes $60 million guaranteed, according to Adam Schefter of ESPN.com. The contract makes Linderbaum the highest-paid interior offensive lineman in NFL history. Linderbaum is coming off an impressive stint with the Baltimore Ravens, including a strong 2025 season in which he posted an 80.2 PFF grade (fifth-best among centers) and an 83.7 PFF run blocking grade (fourth-best among centers). His departure is big news for the Ravens, who evidently weren't willing to match Vegas' offer to keep a key protector in the trenches. With the Raiders, Linderbaum will offer key blocking in front of running back Ashton Jeanty and this year's consensus No. 1 draft pick, quarterback Fernando Mendoza.

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The Las Vegas Raiders have made two key upgrades on defense, signing linebackers Quay Walker and Nakobe Dean, according to Tom Pelissero of NFL.com. Walker spent his first four NFL seasons in Green Bay, amassing 2.5 sacks and 128 total tackles in 2025. His new deal with Vegas pays him $40.5 million over three seasons, and it includes $28 million guaranteed. Meanwhile, Dean heads to the Raiders after four seasons in Philadelphia. Like Walker, he is also a member of the 2022 rookie linebacker class. He tallied 55 tackles and a career-high four sacks across 10 games (eight starts) in 2025. After a solid stint with the Eagles, he'll cash in and get $36 million over three years (with $20 million guaranteed) from the Raiders. It's an admirable effort from Vegas, which is looking to erase the misery of last year's last-place finish and improve both sides of the football under first-year head coach Klint Kubiak.

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The Las Vegas Raiders are signing veteran free-agent kicker Matt Gay to an undisclosed deal on Monday evening, his agents told Tom Pelissero of the NFL Network. The move to bring Gay in pretty much seals previous placekicker Daniel Carlson leaving in unrestricted free agency. The 31-year-old Gay was cut by the Washington Commanders last year after going 13-for-19 on his field-goal attempts in 10 games. He was picked up by the San Francisco 49ers and went 4-for-4 on field goals and 4-for-4 on extra-point attempts in just two games before Eddy Pineiro returned from injury. The former fifth-round pick of the Tampa Bay Buccaneers in 2019 out of Utah has made 84.3% of his 216 career field-goal attempts, including going 32-for-54 from 50-plus yards in his seven NFL seasons. The Raiders' offense could be much improved in 2026, even with a rookie signal-caller most likely starting most of the games. Still, Gay shouldn't be drafted in 12-team fantasy leagues.

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The Atlanta Falcons announced on Monday that veteran tight end Hayden Hurst is announcing his retirement from professional football. Hurst will hang up his cleats after not being signed with a team during the 2025 season. In his final NFL campaign in 2024 with the Los Angeles Chargers, the 32-year-old caught a career-low eight passes for 73 yards and no touchdowns on 13 targets in nine regular-season games. Hurst was originally the 25th overall pick in the first round by the Baltimore Ravens in 2018 out of South Carolina. He finishes his seven-year NFL career with 203 receptions (294 targets) for 1,975 yards and 15 touchdowns in 88 regular-season games (41 starts). In addition to the Chargers and Ravens, Hurst suited up with the Atlanta Falcons (two years), Cincinnati Bengals (one year), and Carolina Panthers (one year). He was at his best in 202 in Atlanta, posting a 56-571-6 line in 16 games.

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Sports Illustrated's Albert Breer reports that the Indianapolis Colts' initial offer to quarterback Daniel Jones (Achilles) was in the range of Sam Darnold's three-year, $100.5 million deal he signed with the Seattle Seahawks last offseason. Jones' camp countered and asked for a deal worth $50 million per year. Instead of franchise-tagging Jones, the Colts gave him the transition tag. The 28-year-old was having one of the best years of his career in his first year in Indy before his torn Achilles tendon in Week 14, throwing for 3,101 yards, 19 touchdowns, and eight interceptions in 13 starts. If Jones were to return to Indy in 2026 and play on the transition tender, he'd make $37.833 million. Breer suggests that Jones will likely have to come down on his demands with the Colts if he wants to return to a familiar place without having to learn a new offense. Jones' rehab is expected to cost him most of the offseason, which will make him a pretty risky QB2 in fantasy football drafts. The Colts bringing back wideout Alec Pierce should help get Jones back in the building.

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New Orleans Saints running back Alvin Kamara could hit the trade market after the team signed running back Travis Etienne Jr. during free agency. According to Adam Schefter of ESPN.com, "there now are questions around the league about whether Kamara will be moving on from New Orleans and whether the Saints would be willing [to] trade him." Several months ago, Kamara threatened to retire if the Saints traded him, but it's fair to wonder if he might feel differently after New Orleans brought in a clear every-down option in Etienne. Kamara, 30, is presumably in the final stages of his career anyway. He mustered just 471 rushing yards, 186 receiving yards, and one touchdown across 11 games last year, losing ground to players like Devin Neal and Kendre Miller. Now, the addition of Etienne massively shakes up New Orleans' backfield. Managers in dynasty leagues have probably missed their window to sell Kamara, but that opportunity could briefly reopen if he gets traded to a different team in the upcoming days or weeks.

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The Atlanta Falcons have signed kicker Nick Folk to a two-year contract, according to Tom Pelissero of NFL.com. Folk spent 2025 with the New York Jets and is now heading to Atlanta for his 20th season in the NFL. He has played for four teams over five years, making appearances with the Patriots, Titans, Jets, and Falcons. He was a rare bright spot for New York last year, going 28-for-29 on field goals and 22-for-22 on extra points. The 41-year-old should benefit from a move to Atlanta, where he'll spend at least half of his games kicking inside a dome. He'll also offer the Falcons a refreshing upgrade at kicker after they trotted out a combination of Parker Romo and Zane Gonzalez in the aftermath of Younghoe Koo's early-season release.

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The Baltimore Ravens are not tendering an offer sheet to running back Keaton Mitchell, according to Jeremy Fowler of ESPN.com. He will hit free agency and is free to sign anywhere, with Fowler identifying the New York Giants as a potential landing spot. Mitchell was one of the hottest dynasty buys as a rookie in 2023, when he tallied 489 scrimmage yards across eight games. He continues to flash upside, but injuries have limited him from reaching his full potential. He tore his ACL in December 2023, and he dealt with a knee strain in December 2025. The 24-year-old will now bring his talent and speed elsewhere for the 2026 campaign. It's interesting that Fowler singled out the Giants as a potential landing spot, especially since New York has Cam Skattebo (ankle), Tyrone Tracy Jr., and Devin Singletary under contract. Mitchell would remain a hold in most dynasty leagues if he does put pen to paper with the Giants, where his old Ravens head coach, John Harbaugh, is calling most of the shots.

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The Los Angeles Chargers have signed free-agent tight end Charlie Kolar to a three-year, $24.3 million deal that includes $17 million guaranteed, according to Tom Pelissero of NFL.com. While Pelissero notes that this is the largest deal ever for a blocking tight end, we wouldn't be surprised to see Kolar step into more of a receiving role in Los Angeles. He showed flashes of pass-catching potential in Baltimore -- as much as he could while buried in the No. 3 tight end role behind Mark Andrews and Isaiah Likely. He had a career-high 10 catches for 142 yards in 2025, headlined by a two-game touchdown streak during the first half of the season. With the Bolts, he'll presumably operate as the No. 2 tight end behind Oronde Gadsden. Despite the new contract and bump up the depth chart, Kolar likely still faces an uphill battle to fantasy relevance in a Mike McDaniel system that hasn't leaned super heavily on its No. 2 tight end in the past.

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The Chicago Bears have re-signed quarterback Case Keenum to a two-year, $5.5 million deal with a maximum value of $8 million, according to Adam Schefter of ESPN.com. Keenum hasn't played an NFL snap since 2023, and he spent 2025 in the third-string role behind Caleb Williams and Tyson Bagent. The depth chart isn't expected to change much in 2026, so we're a bit surprised to see the Bears make such a financial commitment to a third-string quarterback. With that said, he offers indisputed experience, depth, and a veteran presence in an otherwise young quarterback room. Chicago will hope its investment in Keenum ends up being an exercise of caution, as he'd likely only get into a game if both Williams and Bagent were hurt (or if Bagent gets traded).

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The Buffalo Bills have signed quarterback Kyle Allen to a two-year, $4.1 million deal that is worth up to $6.1 million, according to Adam Schefter of ESPN.com. Allen most recently backed up Jared Goff in Detroit, and now he'll join Buffalo to back up his close friend, Josh Allen. The 29-year-old instantly slots into the No. 2 role on the depth chart after the Bills watched Mitch Trubisky depart for the Tennessee Titans in free agency. Buffalo will hope that Josh Allen stays healthy for all of 2026, but if he needs to miss any time, they'll feel comfortable about plugging Kyle Allen into the offensive system. The Houston product mostly just handled kneel-down situations for the Lions in 2025, but back in 2019 with the Panthers, he appeared in 13 games with 3,322 passing yards, 19 total touchdowns, and 23 total turnovers.

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The Miami Dolphins have re-signed tight end Greg Dulcich to a one-year deal worth $3.25 million, according to Jeremy Fowler of ESPN.com. Dulcich enjoyed a late-season breakout with Miami in 2025, capitalizing on an injury to fellow tight end Darren Waller. The 25-year-old had multiple catches in each of his last seven games, including 11 catches over the final three weeks of the regular season. The highlight of his year came in Week 17 against the Patriots, when Dulcich caught five passes for 58 yards and a touchdown. He averaged 6.3 fantasy points per game across 10 contests; if you extrapolate that number over a 17-game season, he would've been the TE27 overall behind T.J. Hockenson and ahead of Sam LaPorta. It's a bit too premature to say that Dulcich has top-25 appeal for 2026, but we like his chances to get more involved if he's confirmed as the Dolphins' new No. 1 tight end with Waller gone.

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Dynasty | The Falcons have signed free agent quarterback Tua Tagovailoa. Dynasty Analysis: The Dolphins will pay him $54 million this season for him to play in Atlanta while the Falcons will pay him the league minimum. It's a pretty sweet deal for the Falcons, who needed insurance as Michael Penix recovers from another torn ACL. Tua will likely be the week one starter and have a chance to prove himself with a supporting cast featuring Bijan Robinson, Drake London and Kyle Pitts. Tagovailoa will need to play well to keep the job but this is about as good a landing spot as he could have hoped for. His ADP and ranking are still going to slip this off-season but he has some short-term appeal at this point and that was even in question as late as this morning.

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Dynasty | The Chiefs have re-signed tight end Travis Kelce. Dynasty Analysis: Kelce gets a one-year deal worth $12 million that has incentives that could bring it closer to $15 million in the end. Regardless, the important thing to note here is the veteran tight end has decided not to retire and should remain a solid TE1, though far from the elite game changer he once was. He remains a solid target for contending teams as he finishes his career on a year-to-year basis.

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Dynasty | The Dolphins have re-signed tight end Greg Dulcich. Dynasty Analysis: A one-time dynasty darling as a tight end sleeper, Dulcich flamed out after three seasons in Denver only to look the part in Miami last year. While his 26/335/1 line isn't going to steal many headlines, Dulcich could be a major sleeper at the position should Darren Waller move on or retire again. While his dynasty value is currently minimal, this is a player to watch over the coming days to see if he can secure the spot as the TE1 in Miami.

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Dynasty | The Seahawks have re-signed wide receiver Rashid Shaheed. Dynasty Analysis: Shaheed was only able to post 15 catches for 188 scoreless yards for the Seahawks in nine games after being dealt by the Saints at the trade deadline. However, Seattle is banking on him meshing better with a full off-season, thus giving him nearly $35 million in guaranteed money. Its a gamble but Shaheed's special teams ability and capability of taking the top off a defense routinely is clearly valued by Seattle. This may be a better signing in reality than fantasy as Shaheed will stay on the WR3 line at the moment in dynasty leagues.

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Dynasty | The Cardinals have signed wide receiver Kendrick Bourne. Dynasty Analysis: Bourne has been an effective receiver at times in the league and will now project to be the WR3 behind Michael Wilson and Marvin Harrison Jr. (likely in that order) for Arizona next season. While he can put up big games now and then, this move doesn't move the needle much for Bourne's dynasty roster worthiness, leaving him more as a roster clogger than anything else at this point.

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Dynasty | The Steelers have signed running back Rico Dowdle. Dynasty Analysis: Pittsburgh lost Kenneth Gainwell to Tampa Bay in free agency and didn't wait long to find a new runner, agreeing to terms with Dowdle on day one of the legal tampering period. This is a very interesting move in Pittsburgh as they still have Jaylen Warren under contract. Dowdle was reportedly looking for a team willing to give him the bulk of the work and that simply may not happen with the Steelers as Warren ran for nearly 1,000 yards last year. Again, this looks like a signing better in reality than fantasy, but time will tell. Regardless, Dowdle's dynasty value seems stable.

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