Economic decisions move to the forefront as all NFL teams have entered the offseason after a Kansas City Chiefs 25-22 overtime victory over the San Francisco 49ers in Super Bowl LVIII. Choices made in the early part of the offseason can have long lasting ramifications for teams.
Here’s a look at key offseason dates running through the first 10 days of the 2024 league year, which begins March 13. Some dates have league-wide importance. Other dates can potentially affect specific player contracts and the salary cap of individual teams because they are crucial to the timing of contract restructures, pay cuts and players being released. The NFL’s most notable players have been highlighted on the appropriate date with how the event is specified in their respective contracts. Less-heralded players are only mentioned on dates without a lot of activity.
Feb. 12
NFL: The waiver system for 2024 began. Players with fewer than four years of service for benefit purposes are subject to waivers and their contracts can be claimed by other teams. Players with four or more years of service become free agents when released and can be immediately signed.
Bills: The remaining $7 million of Bills defensive tackle Ed Oliver’s $14.75 million 2024 base salary became fully guaranteed. The $14.75 million was guaranteed for injury at signing, of which $7.75 million was completely secure when the contract was executed. Oliver’s 2024 base salary will reduce to a fully guaranteed $2.25 million if the Bills exercise an option for his 2027 contract year worth $16.5 million. This can be done as early as the first day of the 2024 league year on March 13 but no later than the seventh day (March 19). A $12.5 million payment is required to pick up the option.
Feb. 14
(Day 3 of waiver period/Day 3 after 2023 league year Super Bowl)
Giants and Seahawks: The contracts of Giants cornerback Adoree’ Jackson, Giants defensive tackle A’Shawn Robinson, Giants quarterback Tyrod Taylor and Seahawks defensive tackle Leonard Williams voided. The four players will be unrestricted free agents at the start of the 2024 league year on March 13.
Feb. 15
(Day 4 of waiver period/Day 4 after 2023 league year Super Bowl)
Commanders: Wide receiver Curtis Samuel’s 2024 and 2025 contract years void. He becomes an unrestricted free agent at the start of the 2024 league year on March 13. The Commanders will have a $4.8 million salary cap charge…
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