Fri Jun 21 8:20pm ET
Field Level Media
The Atlanta Falcons have agreed to contract terms with quarterback Michael Penix Jr., their first-round pick, according to multiple media reports on Friday.
Penix, selected eighth overall out of Washington, is getting a four-year rookie deal valued at $22.88 million, including a $13.46 million signing bonus.
All contracts involving first-round selections include a fifth-year team option.
The Falcons have invested heavily in the quarterback position. Six weeks before the draft, they signed veteran free agent Kirk Cousins to a four-year, $180 million deal that includes $100 million guaranteed.
Cousins, who will turn 36 before the regular-season begins, is looking to come back from a right Achilles tendon tear that ended his 2023 season in October with the Minnesota Vikings.
That commitment made all the more surprising Atlanta's decision to use a first-round selection on a quarterback. Penix was the fourth signal caller drafted out of a record-tying six first-round QB picks.
Penix, 24, is coming off a spectacular senior season in which he led the Huskies to the national championship game. He threw for a national-high 4,903 yards and had 36 touchdown passes while getting intercepted 11 times.
He wound up as the Heisman Trophy runner-up behind LSU's Jayden Daniels, and Penix captured the Maxwell Award, which goes to the country's top college football player. Each of the past two seasons, Penix broke Washington's single-season passing record.
Penix is expected to formally sign the contract on Friday, according to media reports, and complete the Falcons' eight-player draft class signings. He has participated in every offseason training session from rookie minicamp to OTAs and the mandatory minicamp.
The Los Angeles Rams are trading linebacker Ernest Jones to the Tennessee Titans on Tuesday. It's a big addition for Tennessee's revamped defense, as Jones was a team captain for the Rams. The 24-year-old former third-rounder was rumored to be in a contractual dispute in LA, so he'll head elsewhere to play in 2024. Jones was one of the top linebackers for IDP fantasy managers last season, totaling 145 tackles, 4.5 sacks, 18 quarterback pressures, 14 tackles for loss, and 20 run stuffs, and he's arguably the No. 1 LB for those formats in drafts this summer.
From RotoBaller
The Kansas City Chiefs are cutting running back Deneric Prince on Tuesday. Despite incumbent veteran Clyde Edwards-Helaire (illness) missing the majority of training camp due to post-traumatic stress disorder, Prince didn't do enough in camp and the preseason to earn a spot on KC's final 53-man roster. Prince appeared to be making a strong push for a roster spot at first, working ahead of CEH in team drills early in camp, but he struggled with consistency as a rusher in the preseason outside of a 41-yard run in the second exhibition game and also had made a mistake on special teams in the exhibition opener, which cost the Chiefs a safety on a kickoff. Fullback Carson Steele looks set to make the roster as backfield depth with this move, offering the team some value as a runner and in pass protection.
From RotoBaller
The Houston Texans are releasing wide receiver Noah Brown on Tuesday. It comes as a bit of a surprise, given Brown put up 17.2 yards per catch over 33 receptions (55 targets) for the Texans last year, but the addition of Pro Bowl wideout Stefon Diggs this offseason made him much more expendable. Houston's three-receiver sets will now be concentrated around Diggs, Nico Collins, and Tank Dell to still give quarterback C.J. Stroud one of the league's top supporting casts. The 28-year-old Brown shouldn't have much of an issue finding work as a viable deep threat elsewhere in the NFL, and it likely won't be long until he lands back on his feet with another team.
From RotoBaller
The Kansas City Chiefs are waiving wide receiver Kadarius Toney on Tuesday, but he'll have a market elsewhere. The Chiefs had been looking for a trade partner for Toney, but he'll now head to waivers after they found no suitors. Toney missed the exhibition opener against the Jacksonville Jaguars with a back injury, and his first snap against the Detroit Lions the following week was disastrous, as he committed two penalties. The former first-round pick reeled in a 20-yard pass in Thursday's preseason finale against the Chicago Bears as a last-ditch effort to stick around, but he just wasn't been able to put it together all throughout his rocky tenure in KC. Toney still has the talent to carve out some type of role as a playmaker or gadget player elsewhere, but his path back to fantasy relevance consists of many hurdles.
From RotoBaller
Dynasty | The Green Bay Packers have released wide receiver Samori Toure. Dynasty Analysis: Toure was one of the odd men out on a loaded Green Bay receiving corps. He lasted a couple of years on the roster but wasn't able to crack it this season. It's probably best he find a different team with a greater need at the position but his dynasty value is non-existent at the moment,
Dynasty | The Vikings have released running back Myles Gaskin. Dynasty Analysis: Gaskin was attempting to earn a depth spot with Minnesota but failed to impress throughout camp. Once a fairly productive runner in Miami, Gaskin hasn't been able to make much of an impression over the last couple of seasons. He could latch on elsewhere but this is a bad sign for his future dynasty value.
Dynasty | The Giants have released wide receiver Allen Robinson. Dynasty Analysis: Robinson ended up lasting just a few months with New York and has clearly lost a step (or more) at this point. He will now look to latch on to his fifth team in four years after stops in Chicago, Los Angeles (Rams), Pittsburgh, and now with the Giants. Robinson simply may be cooked at age 31 and his dynasty value has long since evaporated.
Dynasty | The Patriots have released quarterback Bailey Zappe. Dynasty Analysis: Remember when Zappe was outplaying Mac Jones and looked like he could be a future starter for New England? Yep, that seems like light years ago now. Zappe was brought back after final cuts last year but that likely won't be the case with the Patriots having Drake Maye and Jacoby Brissett (now unlikely to be traded with this move) on the roster. It certainly looks like Maye is going to win the job and this may seal it.
Dynasty | The Eagles have released wide receiver John Ross. Dynasty Analysis: The former Cincinnati first round pick was attempting a comeback with the Eagles but didn't quite do enough to stick. Once the NFL's fastest man, Ross has simply been a bust during his time in the NFL. He may get a chance on a practice squad or get a call up as an injury replacement but he doesn't belong on a dynasty roster.
Dynasty | The Saints have released running back James Robinson. Dynasty Analysis: Robinson simply isn't the same player he once was in Jacksonville after his torn Achilles. Now having spent time with five different teams over the past two years, it's hard to see this as anything but a possible end to a career that once very promising. Robinson can safely be released from any deep dynasty rosters.
Dynasty | The Bears have released quarterback Brett Rypien. Dynasty Analysis: Rypien actually played quite well this preseason but apparently wasn't able to overtake Tyson Bagent as the backup to Caleb Williams. He should find some quick work as a backup somewhere in the coming days based on how he's played, though he may need to settle for a practice squad spot if he can't find what he wants. Regardless, Rypien has no dynasty value at the moment.
Dynasty | The Commanders have released wide receiver Martavis Bryant. Dynasty Analysis: Bryant was hoping to ignite a comeback story with the Commanders after missing the last few years after a multitude of suspensions. It clearly was not meant to be as he would have to really impress for a team to trust him moving forward. Bryant may get another chance somewhere but at this point, that seems a bit unlikely. He has no dynasty value at this point.
Dynasty | The Texans have released wide receiver Noah Brown. Dynasty Analysis: Brown had a dynasty cup of coffee last year when he posted 325 receiving yards and a touchdown in the span of two weeks. Unfortunately, the rest of his season yielded just 242 yards and one other score. Brown has shown some flashes and should land on his feet somewhere. This move makes it unlikely the Texans move on from John Metchie via trade as well. Brown can stay on a deep dynasty roster until we see where he may end up.
Dynasty | The Bills have released wide receiver Andy Isabella. Dynasty Analysis: Isabella has been a deep dynasty league roster staple for years but has never really put it all together. He may end up latching on somewhere else but the fact he couldn't make it on to a roster this thin at receiver is a bad sign for his career.
Dynasty | The Panthers have released wide receiver Terrace Marshall Jr. Dynasty Analysis: Wow. Marshall had a good camp by all accounts but the Panthers have clearly soured on their 2021 second round pick. He has clear talent but has simply never really put it all together so far in his career. He was a popular trade candidate going into cutdowns so it seems logical he'll land on his feet quickly. A fresh start was needed here, so Marshall can stay on a dynasty roster at the moment.
Dynasty | The Chargers have released running back Isaiah Spiller. Dynasty Analysis: Spiller was once a highly touted dynasty prospect but fell hard in the NFL Draft and was never able to make much of an impression with the Chargers. He may have a hard time finding work out there since there isn't a lot of great tape on him out there. At this point, Spiller can be dropped in even the deepest of leagues.
The Los Angeles Chargers released running back Isaiah Spiller on Tuesday, according to a source. Spiller, who was a former fourth-round pick in 2022 out of Texas A&M, lost out on the competition as backfield depth behind Gus Edwards and J.K. Dobbins to the likes of rookie Kimani Vidal, Jaret Patterson and Elijah Dotson. The 23-year-old should be able to latch on with another team before the start of the 2024 regular season, though, as backfield depth. In his two seasons with the Bolts, Spiller underperformed to the tune of a weak 2.5 yards per carry while gaining 137 rushing yards and no touchdowns on 55 carries. He also caught all nine of his targets in the passing game for 47 yards but wasn't able to find the end zone. Last year, Spiller had 37 carries for 96 rushing yards, adding 34 receiving yards on his six receptions.
From RotoBaller
The Chiefs have released WR Kadarius Toney. The talented receiver has not lived up to expectations but likely will get another chance with a new team.
The Arizona Cardinals released quarterback Desmond Ridder (concussion) on Tuesday, according to a source. Ridder, who was put in the league's concussion protocol after the preseason finale against the Denver Broncos on Sunday, had been in a competition with Clayton Tune for the backup job behind Kyler Murray this summer. That job will obviously fall to Tune now to begin the 2024 regular season. The Cardinals acquired Ridder in an offseason trade in March with the Atlanta Falcons after the 24-year-old failed to deliver in two seasons in Atlanta. The former second-rounder in 2022 out of Cincinnati struggled with turnovers in his 19 games (17 starts) while also completing 64% of his 503 pass attempts for 3,544 yards, 14 touchdowns and 12 interceptions. If Ridder doesn't join Arizona's practice squad, he'll look for backup work elsewhere.
From RotoBaller
The Jacksonville Jaguars announced on Tuesday that they have released quarterback C.J. Beathard (groin) with an injury settlement. Beathard was injured in the team's second preseason game and was released after losing the backup competition to former New England Patriots QB Mac Jones. Jones will now begin the 2024 regular season as the primary backup to starter Trevor Lawrence. The 30-year-old Beathard will now look for work as a veteran backup somewhere else, as long as he's healthy. Originally a third-round selection of the San Francisco 49ers in 2017 out of Iowa, Beathard is in his sixth NFL season. He spent the last three seasons in Jacksonville, going 49-for-66 (74.2 completion percentage) with 417 passing yards, one touchdown and one interception in only 13 games played (one start).
From RotoBaller