It’s that time of year. It is time to begin sorting through the contracts agreed to early in free agency. We will start with some of the biggest deals to emerge this week.
- Jaycee Horn, CB (Panthers). Four years, $100MM. Horn’s Carolina extension covers $72MM in total guarantees (second among CBs) and $46.7MM at signing (first). Horn’s 2025 and ’26 base salaries are fully guaranteed; his $15.74MM 2027 base salary will shift from an injury guarantee to a full guarantee on Day 3 of the 2026 league year, KPRC2’s Aaron Wilson tweets. Additionally, $7.1MM of Horn’s $21.7MM 2028 base is already guaranteed for injury, per Wilson. That amount will shift to a full guarantee on Day 3 of the 2028 league year.
- Milton Williams, DT (Patriots): Four years, $104MM. Williams will see $63MM in total guarantees and $51MM at signing, per OverTheCap. Williams’ 2027 base salary ($27MM) is guaranteed for injury; it will shift to a full guarantee if he remains on New England’s roster on Day 3 of the 2027 league year, Wilson tweets.
- Aaron Banks, G (Packers). Four years, $77MM. Only a $27MM signing bonus is guaranteed, via OverTheCap, as the Packers do not usually include guaranteed salary beyond Year 1. Banks is due a $9.5MM roster bonus on Day 3 of the 2026 league year, Wilson notes. The same structure is in place for 2027, with another $9.5MM bonus due. These represent future guarantee dates on this year-$20MM-AAV accord, though the Pack — as they do with Josh Jacobs — will have a natural out after Year 2 of the deal.
- Byron Murphy, CB (Vikings): Three years, $54MM. This is significantly lower than initially reported (via NFL.com’s Mike Garafolo), as Murphy can only reach the $22MM-AAV number through incentives. Murphy’s first two base salaries are fully guaranteed, per Wilson. Rather than being the NFL’s fourth-highest-paid CB, Murphy is tied for 13th after the true AAV emerged.
- Charvarius Ward, CB (Colts): Three years, $54MM. This one had the correct value from the start, as Murphy’s subsequent Vikings deal matched these terms. Ward will see $27MM at signing. To reach the $34.98MM total guarantee, he must remain on Indianapolis’ roster past Day 5 of the 2026 league year. As $5MM of Ward’s $12.98MM 2026 base salary is guaranteed at signing, the rest locks in on that March 2026 date, Wilson tweets.
- Jonathan Allen, DL (Vikings): Three years, $51MM. This also checks in lower (via Garafolo) than initially reported, which is not uncommon. Half of Allen’s $16MM 2026 base salary is guaranteed at signing, with the other half (via Wilson) locking in if the D-lineman is on Minnesota’s roster come Day 3 of the 2026 league year.
- Jamien Sherwood, LB (Jets). Three years, $45MM. The Jets are guaranteeing $30MM, as ESPN.com’s Rich Cimini notes this is the second-biggest LB guarantee the team has authorized (after C.J. Mosley‘s then-record FA deal in 2019). The Jets included a $7.5MM option bonus due at any point before Week 1 of the 2026 season, Wilson notes. This, along with three void years, will reduce Sherwood’s cap hits; he will not carry a figure north of $11.5MM until 2027.
- Drew Dalman, C (Bears): Three years, $42MM. $26.5MM of Dalman’s $28MM guarantee comes at signing, giving the ex-Falcons center the second-biggest center guarantee (passing Lloyd Cushenberry‘s 2024 Titans FA deal). $9.5MM of Dalman’s $11MM 2026 base salary is fully guaranteed at signing, per Wilson. The other $1.5MM vests if/once he is on Chicago’s roster on Day 3 of the ’26 league year. Dalman’s 2027 salary is nonguaranteed.