NFL free agency live updates 2026: Rumors, signings and trades

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Lamar Jackson, Josh Allen restructure deals to free up cap space

Star quarterbacks Lamar Jackson and Josh Allen have agreed to restructure their deals in order to free up cap space for the Ravens and the Bills, respectively, per reports.

CBS Sports' Aditi Kinkhabwala was first to report the Jackson restructure, and Adam Schefter says the move frees up $40 million of cap space for Baltimore this year. Jackson was set to count roughly $74 million against the cap this season, which would have been a record.

Allen's restructured deal, meanwhile, saves the Bills roughly $12 million, per ESPN's Field Yates.

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NFL reportedly exploring playing on Thanksgiving Eve

The NFL is exploring playing a game on Thanksgiving Eve, which this year would be Wednesday, Nov. 25, according to CBS Sports lead NFL insider Jonathan Jones. It would likely be between two teams coming off byes.

Though logistically challenging -- and certainly not the most popular with players -- the NFL has pushed more Wednesday games recently. In 2024, there were two Christmas Day games on Wednesday. The only other two Wednesday games somewhat recently were in 2020 (due to COVID issues) and 2012 (due to a speech by then-president Barack Obama scheduled for Thursday).

Prior to that, there hadn't been a Wednesday professional football game since 1948, when the Los Angeles Dons and the New York Yankees of the AAFC faced off.

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Ravens land Trey Hendrickson on four-year, $112M deal after Maxx Crosby deal falls through

One door closes, another one opens. Roughly 13 hours after nixing the Maxx Crosby deal due to medical concerns, the Ravens have signed EDGE Trey Hendrickson to a four-year, $112 million deal, per NFL Media's Ian Rapoport.

Hendrickson, 31, had been seeking top-of-the-market money, and while he doesn't quite get there in terms of per-year numbers, it is a massive total value.

Hendrickson led the NFL with 17.5 sacks in 2024 and also had 17.5 in 2023. The Ravens had a desperate need for a pass rusher after having one of the NFL's worst units last year. Hendrickson also didn't have his best year in 2025; he missed much of the offseason and preseason due to contract differences with the Bengals, and he ended up appearing in just seven games before core muscle surgery ended his season.

Still, this is a huge move for both player and team. Hendrickson joins an AFC North rival, while Baltimore hopes it has fixed its pass-rush issues. In an ideal world for the Ravens, Hendrickson joins a fearsome group up front that includes Nnamdi Madubuike, Travis Jones and Mike Green, who flashed at times as a rookie.

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Commanders land K'Lavon Chaisson on one-year deal

The Commanders continued their defensive overhaul -- and a much-needed one at that -- early Wednesday with a one-year, $12 deal for EDGE K'Lavon Chaisson, per NFL Media's Ian Rapoport.

A 2020 first-round pick of the Jaguars, Chaisson never lived up to that billing in Jacksonville, but he collected five sacks in 2024 with the Raiders and a career-high 7.5 last year with the Patriots. He also produced 54 pressures, nearly double his previous career high, while adding 10 tackles for loss, two forced fumbles and a fumble recovery.

Washington had now added two EDGEs in Chaisson and Odafe Oweh, reunited with interior defensive lineman Tim Settle, signed top linebacker Leo Chenal and brought in cornerback Amik Robertson as well. Though the Commanders have missed on a few offensive players, they've clearly gotten younger and better defensively.

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What to watch for Wednesday, plus some early signings

Wednesday brings the start of the new league year. It's also the third day since free agency technically opened, so we could see a flurry of moves, especially among teams and players who haven't struck it big yet.

What happens with Trey Hendrickson? The 2024 sacks leader is yet to sign while other younger EDGEs have found new homes. Is today the day for Hendrickson? Will the Ravens get involved after the Maxx Crosby deal fell through?

Speaking of the Ravens, they suddenly have a lot to do. They've lost almost all of their top free agents, and they have nothing to show for it in return other than adding guard John Simpson. They need offensive line help, pass catcher help, pass rusher help and potentially secondary help, specifically at safety. They'd also love to finish a Lamar Jackson restructure/extension to ease their cap situation.

Other top free agents according to Pete Prisco who are still available include QB Kyler Murray, S Jaquan Brisker, OT Rasheed Walker, S Nick Cross and WR Jauan Jennings.

The Crosby situation will be worth monitoring every day until we have a definitive answer one way or another.

Early signings today include DB/special teams standout Tavierre Thomas staying with the Vikings, LB/EDGE/special teams standout Del'Shawn Phillips staying with the Chargers and OL Brett Toth signing with the 49ers. Also, the Patriots released LB Anfernee Jennings.

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Lions restructure Jared Goff's contract

The Lions have restructured Jared Goff's contract, per NFL Media's Tom Pelissero. That includes converting $40 million of salary into a signing bonus (which can be spread out over multiple years) and adding a void year to his contract. The move frees up $42 million in cap space this year.

Detroit has been somewhat quiet to start free agency, bringing in a few offensive linemen and former Chiefs running back Isiah Pacheco among other smaller moves. We'll see if Detroit can now pony up some money for a top free agent remaining. A pass rusher opposite Aidan Hutchinson or some other help on the defense would seem to be at the top of the list.

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Fallout from the Maxx Crosby trade falling through

In an al-time stunner, the Ravens' blockbuster trade with the Raiders for Maxx Crosby fell through Tuesday night after Baltimore backed out due to medical concerns. Crosby had his meniscus repaired in January, and the Ravens had both their own medical team as well as independent experts examine the knee.

So, now what happens?

Crosby is headed back to Las Vegas, and for now he's focused on getting ready to play for the Raiders, per NFL Media's Ian Rapoport.

Still, other teams have called the Raiders about their interest in Crosby, per ESPN's Adam Schefter. Just don't expect the Cowboys to be one of them.

Crosby's surgeon, the renowned Neil ElAttrache, told ESPN that Crosby is "on track" and "doing an excellent job attacking his rehab."

The Raiders will honor all of their agreements with free agents, per Sports Illustrated's Albert Breer.

The league, meanwhile, is stunned. As CBS Sports lead NFL insider Jonathan Jones discovered, there's some wariness around the league regarding Baltimore:

"It doesn't smell right," said one team executive.

"How can a team ever trust the Ravens again?," asked one agent.

"I don't think many teams will feel comfortable trading with the Ravens," said one league source.

Inside the NFL's reaction to Ravens backing out of blockbuster Maxx Crosby trade with Raiders

Jonathan Jones

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