The Las Vegas Raiders and quarterback Geno Smith agreed to terms on a two-year contract extension on Thursday to better compensate him for his play after the blockbuster trade this offseason in which they acquired him from the Seattle Seahawks, sources tell NFL Network's Ian Rapoport. FOX Sports' Jordan Schultz is reporting that the deal is worth $85 million and includes $66.5 million guaranteed. The 34-year-old former second-rounder (39th overall) by the New York Jets in 2013 out of West Virginia has been a late-bloomer, earning Pro Bowl nods in 2022 and 2023 in Seattle. Smith threw for a career-high 4,320 yards with 21 TDs and 15 interceptions in 17 starts in 2024 and will reunite with head coach Pete Carroll in Vegas. He'll get to work with impressive young TE Brock Bowers, but his wide receiving corps will be a big downgrade from what he had in Seattle. Treat Smith as a QB2 target in fantasy in 2025.

The Arizona Cardinals are making Pro Bowl tight end Trey McBride the highest-paid tight end in NFL history with a four-year, $76 million contract extension on Thursday, according to his agents. The deal includes $43 million guaranteed and a $19 million average per year, which is the highest ever for any NFL tight end. The 25-year-old former second-rounder (55th overall) in 2022 out of Colorado State was a first-time Pro Bowler in 2024 while setting career-highs in receptions (111), targets (147), receiving yards (1,146) in 16 games. Despite only finding the end zone two times, McBride still finished as the TE2 in standard scoring in his third year in the league, with his 111 catches falling just one short of Brock Bowers' 112 for the league lead. He should score more in 2025 in his fourth year in the NFL, making him an elite TE1 target for fantasy managers.

The Chicago Bears have reached an undisclosed agreement with veteran wide receiver Miles Boykin. Ari Meirov of The 33rd Team reported the news. The 28-year-old split last season on the practice squads of the New York Giants and Seattle Seahawks, though he never made his way to the field. Boykin most recently contributed for the Steelers in 2023, appearing in 17 games, recording three catches for 17 yards on four targets. Though his playing time on offense was minuscule for Pittsburgh, he did play 316 snaps for the squad on special teams (70.07%). Boykin joins his fourth NFL team and will compete for the third WR spot behind returning starters DJ Moore and Rome Odunze. However, he'll likely serve as a special teams asset for Chicago.

Aaron Wilson of KPRC 2 Houston reports that the Tampa Bay Buccaneers have reworked quarterback Baker Mayfield's contract to free up cap space. The Bucs converted Mayfield's $30 million base salary to a roster bonus, freeing up nearly $15 million. The team also added a void year for proration purposes in 2029. Tampa Bay has been resourceful this offseason, moving money around for Mayfield in addition to offensive lineman Tristan Wirfs and safety Antoine Winfield Jr. All in all, the Buccos saved $50.12 million over the next few seasons. It seems unlikely that the money moves are in anticipation of signing a big-ticket asset and more so for down the road. Mayfield is entering his third season with the squad and will look to build off his spectacular 2024.

The Chicago Bears are signing former Houston Texans quarterback Case Keenum to a one-year deal worth up to $3 million. Keenum spent the last two years as a Texan but missed the entire 2024 campaign due to a foot injury he suffered just before Week 1. Though he spent minimal time on the field over the prior two seasons (two appearances), the 37-year-old was reportedly a leader off the field and a mentor for young QB C.J. Stroud. He'll play a mentoring role again, in addition to potentially backing up second-year signal-caller Caleb Williams. Chicago has done an excellent job of addressing their team needs this offseason -- beefing up their offensive -- and they're doing right by their young QB. Things are looking up for Williams in his second season.