The 2024 NFL trade deadline passed at 4 p.m. ET on Tuesday, and a few teams did squeeze in deals before it was over.
Arguably the most noteworthy move was the Washington Commanders' acquisition of four-time Pro Bowl cornerback Marshon Lattimore from the New Orleans Saints. The 28-year-old standout defender, who is under contract through 2026, was one of the most coveted players available.
The other big move on Tuesday involved the NFC-leading Detroit Lions, who added some pass-rushing help. Detroit secured the services of Za'Darius Smith from the Cleveland Browns.
Detroit was in need of another edge-rusher after losing Aidan Hutchinson to a season-ending leg fracture—the Lions had already lost Marcus Davenport for the season to an elbow injury. There's a slight chance that Hutchinson will return during the postseason.
"One source went so far as to tell ESPN that, knowing Hutchinson and his injury, it would be more surprising if he did not make it back for a potential Super Bowl appearance than if he did," ESPN's Adam Schefter wrote.
However, Smith, who has five sacks in 2024, will help ensure that Detroit's push to the playoffs continues.
Other deals from Tuesday include the Pittsburgh Steelers acquisition of receiver Mike Williams and pass-rusher Preston Smith, the Baltimore Ravens' addition of cornerback Tre'Davious White and the Dallas Cowboys' acquisition of receiver Jonathan Mingo.
The last-minute flurry of moves came after the early trades of Davante Adams, Amari Cooper, DeAndre Hopkins, Diontae Johnson and others. A full list of Bleacher Report's trade grades can be found here.
Naturally, player movement has altered the NFL's salary cap landscape. That could be relevant for any teams looking to get extensions done before the end of the season, something the Denver Broncos recently did with pass-rusher Jonathon Cooper.
Here's a look at where every NFL team stands in terms of 2024 cap space, according to Spotrac:
- San Francisco 49ers $52.5 million
- Cleveland Browns: $45.4 million
- Las Vegas Raiders: $36 million
- New England Patriots: $35.4 million
- Detroit Lions: $27.1 million
- Washington Commanders: $25.1 million
- Dallas Cowboys: $23.2 million
- Miami Dolphins: $21.1 million
- Jacksonville Jaguars: $20.1 million
- Arizona Cardinals: $19.9 million
- Tennessee Titans: $18.5 million
- Green Bay Packers: $16.6 million
- Indianapolis Colts: $11.5 million
- Minnesota Vikings: $11.4 million
- Philadelphia Eagles: $10.2 million
- Tampa Bay Buccaneers: $9.4 million
- Pittsburgh Steelers: $9.4 million
- Seattle Seahawks: $9.2 million
- Cincinnati Bengals: $8.6 million
- Atlanta Falcons: $7.9 million
- Chicago Bears: $7.5 million
- Los Angeles Chargers: $6.9 million
- Houston Texans: $6.8 million
- Denver Broncos: $4.4 million
- New Orleans Saints: $4.2 million
- Carolina Panthers: $4.1 million
- New York Giants: $3.7 million
- New York Jets: $.6 million
- Los Angeles Rams: $3 million
- Buffalo Bills: $3 million
- Kansas City Chiefs: $2 million
- Baltimore Ravens: -$1.4 million
While extensions aren't exactly common halfway through the NFL season, a few could make sense. The Cincinnati Bengals, for example, could give star receiver Ja'Marr Chase an extension at any time—though if they weren't willing to do it before the season started, they'll likely wait until the spring.
The New York Giants might consider extending pass-rusher and impending 2025 free agent Azeez Ojulari.
Ojulari, who is only 24 years old and already has six sacks this season, was a popular trade target at the deadline. However, New York wasn't willing to part with the young playmaker at the bargain price point a deadline deal likely would have involved.
"[The Giants] made it clear they weren't going to give him away and held firm," NFL Network's Mike Garafolo posted on X.
Cleveland got a 2025 fifth-round pick and a 2026 sixth-round pick for Smith and a 2027 seventh-rounder, according to
ESPN's Jeremy Fowler. At that price, keeping Ojulari and trying to lock him up was the sensible option.
Given the Giants' relative lack of cap space, though, they might have to wait until the 2025 offseason to get a long-term deal done.
Most of the moves made on deadline day involved expiring contracts, so that hasn't been a dramatic shift in 2025 cap figures. The Lattimore and Adams deals are the most significant exceptions.
The New York Jets are in a slightly tricky spot due, in part, to the Adams deal. The 31-year-old receiver is set to carry a cap hit of $38.3 million in 2025, while the Jets are projected to have $34.8 million in cap space available.
If the Jets don't restructure Adams' contract in some form or fashion, it will be a surprise. Alternatively, they could release him outright and save just under $30 million against the cap.
The Lattimore trade didn't do much to New Orleans' 2025 cap predicament. He'll still account for $31.6 million in salary next season due to the dead money on his contract. The Saints are projected to be $77 million over the cap in the spring.
The Saints aren't the only team that will need to generate financial flexibility between now and the start of the new league year on March 12. The bottom five teams in terms of projected 2025 cap space are:
- Atlanta Falcons: $8.6 million
- Miami Dolphins: $189,218
- Seattle Seahawks: -$1.2 million
- Cleveland Browns: -$44 million
- New Orleans Saints: -$77 million
The good news for New Orleans is that Lattimore will be completely off the books by 2026.
For the Commanders, Lattimore is set to carry a cap hit of $18 million next season. However, Washington is still projected to have $104.3 million in 2025 cap space available.
If the Commanders want to be major layers in the first wave of 2025 free agency, they can afford to do it. The top five teams in terms of projected 2025 cap space are:
- New England Patriots: $137.7 million
- Arizona Cardinals: $115.3 million
- Las Vegas Raiders: 106.8 million
- Washington Commanders: $104.3 million
- Tennessee Titans: $78.9 million
The 2025 figures will change between now and the offseason, and in some cases significantly. Teams are permitted to roll over unused cap space to the following season, something teams like Cleveland and the San Francisco 49ers are certain to do.
Spotrac's figures are also based on a presumptive salary cap of $273.3 million. The actual number could be even higher.
Last December, early projections put the 2024 cap just above $240 million, but the final number settled at $255.4 million. That marked a $30.6 million jump over the 2023 salary cap. An identical jump would put the 2025 cap closer to $286 million.
The expected salary-cap rise is another reason why teams should consider executing extensions sooner than later. As the financial pool goes up, so will the size of contracts.
In 2020, for example, Patrick Mahomes signed a 10-year deal worth $45 million annually. Four years later, Dak Prescott has reset the market with a $60 million-per-year contract.
It's difficult to predict just how high the salary cap—and contracts for marquee positions—will go in the offseason. What we know for certain is where every team stands heading into the second half of the 2024 season.
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