Monday, May 11, 2026

Browns Cut Losses, Clear Space in Baker Mayfield Trade to the Panthers

  • Cleveland will save over $8M in cash and salary-cap space as a result of the move — but will still pay him $10.5M this season.
  • This offseason, the Browns gave Deshaun Watson a fully guaranteed five-year, $230 million deal — the largest in NFL history.
Jason Getz-USA TODAY Sports

Four years removed from being selected first in the 2018 NFL Draft, and only months after Deshaun Watson was brought to Cleveland, Baker Mayfield is leaving town.

On Wednesday, Mayfield was traded to the Carolina Panthers for a 2024 conditional fifth-round pick, the team announced. The final deal is pending a physical.

The 27-year-old is just the third No. 1 overall pick since 1967 — after JaMarcus Russell and Jeff George — to last four seasons or fewer with the team that he debuted with.

It ends months of speculation after Mayfield formally requested a trade from Cleveland following the franchise’s historic, controversial signing of Watson, who received a fully guaranteed five-year, $230 million deal — the largest in NFL history.

There are several financial implications from the deal.

  • The Browns will pay $10.5M of the fifth-year option left on Mayfield’s contract, while the Panthers will pay about $5M, per Mike Garafolo.
  • Mayfield agreed to trim about $3.5M off of his base salary in order to facilitate the trade.
  • Cleveland will save over $8M in cash and salary-cap space as a result of the move.

Of course, there’s no guarantee that Watson is even going to play, as he’s facing a possible suspension after at least 24 women accused him of sexual misconduct.

By mid-April, the Browns had spent a staggering $340 million in guaranteed money this offseason.

The team is spending the second-most money ($62.1M) on QBs this season after the Rams.

Yet, without Watson and Mayfield, it would likely be Jacoby Brissett, making $4.7 million, taking the snaps for Cleveland to start the season — beginning September 11 in Carolina.

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

Buffalo Bills running back James Cook runs against Detroit Lions linebacker Jack Campbell (46), left, and safety Brian Branch (32) during the second half at Ford Field in Detroit on Sunday, Dec. 15, 2024.

Amazon to Open ‘TNF’ With Bills-Lions, Highmark Stadium Debut

‘TNF’ saw a 16% increase in viewership in 2025.
Nov 27, 2025; Arlington, Texas, USA; Dallas Cowboys quarterback Dak Prescott (4) and Dallas Cowboys guard Tyler Booker (52) celebrate with a turkey after the game against the Kansas City Chiefs at AT&T Stadium.

Fox Chases NFL Record With 2026 Thanksgiving Day Game

The broadcast will likely be the most-watched game of the 2026 NFL season.

NBC Lands Additional NFL Rights for Critical Late-Season Weekend

The Comcast-owned network expands its presence in the league’s Week 17.
Oct 5, 2025; Inglewood, California, USA; FOX sideline reporter Erin Andrews interviews Washington Commanders quarterback Jayden Daniels (5) after the game against the Los Angeles Chargers at SoFi Stadium. Mandatory Credit: Jayne Kamin-Oncea-Imagn Images

Fox Adds NFL Games Amid Streaming Scrutiny in Washington

The network will have an unprecedented tripleheader in Week 10.

Featured Today

Matt Palumb

Pro Lacrosse’s Top Ref Is As Famous As the Players

The last celebrity referee is in the Premier Lacrosse League.
May 2, 2026; Atlanta, Georgia, USA; Atlanta United midfielder Saba Lobjanidze (11) reacts to his goal against the CF Montréal in the first half at Mercedes-Benz Stadium. Mandatory Credit
May 7, 2026

How Atlanta Unexpectedly Became the Epicenter of U.S. Soccer

U.S. Soccer is opening a new national HQ in Georgia.
Tottenham Hotspur
May 6, 2026

Tottenham Hotspur Is Facing a Billion-Dollar Disaster

A seemingly improbable drop to England’s second tier is a tangible possibility.
Cricket - Indian Premier League - IPL - Final - Royal Challengers Bengaluru v Punjab Kings - Narendra Modi Stadium, Ahmedabad, India - June 4, 2025 Royal Challengers Bengaluru's Rajat Patidar lifts the trophy as he celebrates with teammates after winning the Indian Premier League
May 5, 2026

How Private Equity Fell in Love With Indian Cricket

India’s U.S.-style cricket league has become a private-equity playground.

Braves Earnings Show Promise and Pressure of RSN Shift

The club’s revenue surged, aided in part by the earlier season start.
May 11, 2026

Investor Recalls Kang’s Tense Takeover of Spirit

The Spirit’s valuation has increased 4,200% since 2020.
May 11, 2026

Clippers Were the Quiet Winners of NBA Draft Lottery

The Clippers will pick fifth in June’s draft. 
Sponsored

What Is It Like to Run the Knicks?

Dave Checketts on his time running the Knicks & Jazz, Jordan war stories, and his investment strategy across major sports leagues.
May 10, 2026

Pacers President to Fans After Losing NBA Draft Lottery Pick: ‘I’m Sorry’

Indiana had a 52.1% chance of keeping their pick.
Apr 11, 2025; Dallas, Texas, USA; Dallas Mavericks minority owner Mark Cuban walks off the court after the game against the Toronto Raptors at the American Airlines Center.
May 8, 2026

Why Mark Cuban Bought Into a Canadian Basketball Team

“Canada is producing more stars than any other country.”
May 5, 2026

Dallas Wings Coach: Team Will Play 2027 Games at Mavericks’ Arena

The Wings CEO said that the move is not final.
May 4, 2026

Bulls Hire Hawks SVP Bryson Graham in Effort to Return to Relevance

Graham spent 15 years working for the Pelicans.