Friday, September 18, 2026

NFL Teams Armed With Record Cap Space Set to Enter Free Agency

The NFL officially turns the page toward the 2026 season on Wednesday, and with that, a bevy of roster moves are about to happen. 

Kim Klement Neitzel-Imagn Images

NFL teams are about to go on a shopping spree this week. 

In advance of Wednesday’s start of the new league year and the opening of free agency, a 52-hour legal tampering period begins Monday at noon ET. During that window, teams can start negotiating with the agents of players who will become unrestricted free agents. 

No contracts can be signed during that initial window, and teams are also prohibited from speaking directly with players—except for a limited exception allowing a single video or phone call with up to five free agents. The initial window, however, allows teams to begin roster planning, advance salary cap strategies ahead of Wednesday, when all teams must be cap-compliant, and minimize back-door negotiations around the league. 

Among the key NFL players who will be available as unrestricted free agents:

  • Kenneth Walker III: The running back just won Most Valuable Player award honors for the Seahawks in the Super Bowl LX win over the Patriots, rushing for 135 yards in the game.
  • Mike Evans: The wide receiver, a fixture in Tampa for the past 12 seasons, is a six-time Pro Bowler and is looking to rebound after an injury-marred 2025. 
  • Trey Hendrickson: The edge rusher will not be re-signed by the Bengals, ending a decorated but often tumultuous stint in Cincinnati
  • Kyler Murray: About to be let go by the Cardinals, the 28-year-old quarterback also has a standing offer to return to baseball with the A’s, though that’s unlikely to be taken. 
  • Kirk Cousins: Another veteran quarterback hitting the market, the 37-year-old, who has more than $321 million in career earnings, will be released by the Falcons. 
Kiyoshi Mio-Imagn Images

The $300 Million Era 

Teams will have additional financial room to work with after the NFL set the 2026 salary cap at $301.2 million per team, a record amount and $22 million more than the 2025 level. 

As the NFL free-agent market is heating up, so, too, is the one for trades. Late Friday, the Raiders agreed to a deal with the Ravens to move star defensive end Maxx Crosby to Baltimore for the No. 14 pick this year and a first-round selection in 2027—a package slightly less than what the Cowboys received last summer for Micah Parsons

The agreement will become official with the new league year and will give the Raiders and part-owner Tom Brady additional draft picks to work with as they remake the roster of a team that has just one playoff season since 2017. The Raiders also now have the most available cap space heading into the new league year at $119.4 million, according to Spotrac

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Speaker of the House of Representatives Mike Johnson (R-LA) talks with reporters as he arrives prior to the vote in the House of Representatives on its version of the fiscal 2027 National Defense Authorization Act, or NDAA, on Capitol Hill in Washington, D.C., U.S., July 22, 2026.

College Sports Bill Faces Uphill Battle in the House

“The stars have to align in the House for the bill to pass.”
Sep 10, 2026; Melbourne, Victoria, Australia; Los Angeles Rams head coach Sean McVay during practice at Marvel Stadium. Mandatory Credit: Kirby Lee-Imagn Images

McVay’s Australia Gripe Highlights NFL’s Business-Football Divide

The Rams coach is looking to forget the team’s struggles in Australia.
Hot & Social/Mets

Sports Teams Are Playing a New Role: Matchmaker

The latest promotion at the stadium? Love.
podcast thumbnail mobile
Front Office Sports Today

NFL Ratings Dip, Steve Belichick Resigns, Knicks Ticket Refunds

0:00

Featured Today

Exclusive

Vicious Infighting Is Jeopardizing the Future of Women’s Baseball

The WPBL’s own CEO admits there’s a “power struggle.”
September 17, 2026

Fantasy Football Drafts Are Turning Into Full-Blown Vacations

Leagues are foregoing solo drafts and replacing them with in-person getaways.
Oct 4, 2025; Tempe, AZ, USA; General action during the first period of the game between the Arizona State Sun Devils and the Penn State Nittany Lions at Mullett Arena
September 10, 2026

How Military-Style Workouts in College Sports Get Dangerous

For elite athletes, high-intensity training can be “very appealing.”
September 6, 2026

Is Carolyn Tisch Blodgett the Future Face of Giants Ownership?

Amid changes at top of Giants ownership, eyes are on Tisch Blodgett.
September 4, 2026

Wild Transfer Window Shows How Premier League Towers Over Soccer

Spending in England vastly outstripped the rest of Europe.
Sep 11, 2026; Melbourne, AUS; San Francisco 49ers quarterback Brock Purdy (13) rushes the ball in the second half against the Los Angeles Rams at Melbourne Cricket Ground. Mandatory Credit: Kirby Lee-Imagn Images

NFL Week 1 Ratings Fall 13% Despite New Broadcast Schedule

The league saw a surprisingly sharp drop in viewership.
September 16, 2026

NFL Blocks Teams From Signing ex-LSU Players

Dae’Quan Wright’s agent says the tight end is exploring his legal options.
September 16, 2026

ESPN Draws 23.2M Viewers for Week 1 of ‘Monday Night Football’

It’s the third-most-watched game of all 362 ESPN MNF broadcasts.
Sponsored

Drew Weatherford’s Bet on the Youth Sports Economy

Drew Weatherford discusses investing across the youth, college and professional levels.
September 16, 2026

WTA Finals Moving to Charlotte in 2027 As U.S. Push Continues

The 2026 WTA Finals will be played at Indian Wells.
September 15, 2026

Networks Get Mixed Results With Week 1 NFL Viewership

CBS sees some viewership attrition, while NBC rebounded Sunday night.
Jun 23, 2026; New York, NY, USA; NBA commissioner Adam Silver during the 2026 NBA draft at Barclays Center. Mandatory Credit: Brad Penner-Imagn Images
September 15, 2026

Adam Silver: It Would Be a ‘Failure’ If Trail Blazers Left Portland

Silver spoke after the NBA Board of Governors meetings in New York.
September 15, 2026

PGA’s 2028 Changes Include Money Exemption—but No LIV Pathway

The top 50 members on the Tour’s career money list are eligible.