Tuesday, May 26, 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

Big Money on the Line on Premier League’s Final Day

Arsenal has won the title, but millions are still at stake.

Southern Schools Silent on Proposed Black Athlete Boycott

The campaign asks Black athletes, fans to boycott several southern athletic departments.
Texas State mascot

Mascot-Reveal Videos Are the Newest College Sports Tradition

Student mascot unmasking videos are going mega-viral.

Stafford Signs $55 Million Extension With Rams

The 2025 NFL Most Valuable Player receives a sizable pay increase.

Featured Today

Charlie Pliner and Nikolas Rohrmann

How 2 Brown Undergrads Became Sports Dealmakers

An experimental project turned into a permanent course and business deal network.
May 14, 2026

NFL Rivalries Are Made on the Field, Mocked in Schedule Release Videos

Every year, teams find new ways to one-up themselves (and their rivals).
Bart Swings/Falyn Fonoimoana/Avery Poppinga
May 14, 2026

OnlyFans Is Paying Pro Athletes What Their Sports Won’t

The adult-content platform is a reliable income source for niche athletes.
May 13, 2026

How Sports Graphic Designers Are Grappling With the Rise of AI Art

The release of ChatGPT 2.0 Images sparked a conversation among sports designers.
May 25, 2026; Cleveland, Ohio, USA; New York Knicks lift the 2026 Eastern Conference trophy after defeating the Cleveland Cavaliers in game four of the eastern conference finals for the 2026 NBA playoffs at Rocket Arena.

Title-Starved Knicks Fans Push Finals Tickets to $3,700

Demand for games at Madison Square Garden reaches Super Bowl-like levels.
May 25, 2026; Cleveland, Ohio, USA; New York Knicks forward OG Anunoby (8) high fives New York Knicks center Karl-Anthony Towns (32) in the fourth quarter against the Cleveland Cavaliers during game four of the eastern conference finals for the 2026 NBA playoffs at Rocket Arena.
May 25, 2026

Knicks Reach First NBA Finals Since 1999

The Knicks are looking for the franchise’s first NBA title since 1973.
May 26, 2026

James Dolan’s Controversial $30M Thibodeau Firing Has Paid Off

Mike Brown has the Knicks in their first Finals since 1999.
Sponsored

The Hidden Economy of Race Weekend

Learn more about the Vintage Flying Museum and how Spectrum Business is helping them achieve their business goals while fueling their dreams.
May 22, 2026

Man City’s Pep Guardiola Is Leaving: ‘Don’t Ask Me the Reasons’

The six-time Premier League winner ends his epic run one year early.
Nov 20, 2025; Salt Lake City, Utah, USA; Vegas Golden Knights head coach Bruce Cassidy watches play against the Utah Mammoth during the third period at Delta Center
May 20, 2026

NHL Coaches’ Association Pushes Back on Vegas Cassidy Restrictions

Vegas is within bounds, but the move is unusual and controversial.
May 19, 2026

Trail Blazers Lay Off Dozens As Tom Dundon’s Cuts Continue

The team confirmed the departures in a statement Tuesday.
May 19, 2026

Arsenal Wins First Premier League Title Under American Owners

The Gunners hadn’t won England’s top league since 2004.