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FORMULA 1
- PVF
- OLYMPICS
AFC South Offseason Financial Analysis
Our NFL Offseason Series continues with analysis for each team’s notable free agents, projected financials, & a few extension or roster bubble candidates heading toward the offseason.
SPOTRAC'S OFFSEASON SERIES
AFC: NORTH | SOUTH | EAST | WEST
NFC: NORTH | SOUTH | EAST | WEST
POSITIONAL: QB | RB | WR
Houston Texans
2023 Cap Space: $39M
Rostered Players: 48
Draft Pick: #2, #12 from CLE
If the Texans are lept in this April’s draft by a team who takes the QB they should have taken, the Week 18 win against the Colts will haunt this franchise for years to come. There’s a lot of work to be done on this roster, and this still might be a year of subtracting (Cooks) before adding too much.
Notable Free Agents
- Ogbonnia Okoronkwo (LB, 27)
- MORE
Extension Candidate
Tytus Howard (RT, 27)
Set to play on a fully guaranteed $13.2M 5th-year option salary in 2023, Howard has played well enough to warrant a multi-year extension. Bolstering the O-Line should be a priority with a shiny new QB coming to town soon.
Bubble Candidate
Brandin Cooks (WR, 30)
He’s already started saying his goodbyes, despite signing a 2 year, $40M extension 9 months ago. Cooks will demand a trade out of town this March, leaving behind $16.2M of dead cap to the Texans (saving $10M). He’ll bring a 2 year, $35M contract, including $18M fully guaranteed in 2023, with him to a new franchise.
Indianapolis Colts
2023 Cap Space: $19M
Rostered Players: 54
Draft Pick: #4
The Colts have a chance to package together a trade that can send them to #1, taking away the top QB in the draft from division foe Houston. Indy should be seeking out pass rushers, interior offensive linemen, and more than a few offensive weapons this offseason.
Notable Free Agents
- Rodney McLeod (S, 32)
- Chase McLaughlin (K, 26)
- Yannick Ngakoue (DE, 27)
- Parris Campbell (WR, 25)
- MORE
Extension Candidate
Jonathan Taylor (RB, 24)
No, it wasn’t neary the season we saw from Taylor in 2020 or 2021, but injury, coaching changes, QB changes, etc… all factored into a weird offensive season for this entire franchise. The bottom line is, this team is better with Taylor on it, and he enters a contract year in 2023, set to earn a non guaranteed $1.6M. Nick Chubb’s $12.2M per year deal is the floor.
Isaiah Rodgers (DB, 25)
He’s given snaps at both safety and cornerback across 3 seasons and enters a contract year in 2023, set to earn a non-guaranteed $1M. Locking in a versatile defensive back early rarely hurts teams.
Bubble Candidate
Kenny Moore (CB, 28)
We’d characterize this release “unlikely” right now, but a new coaching staff might look at the $7.4M of cap and cash to be saved differently. Stephon Gilmore’s $12M+ should also be in consideration, but he played extremely well across 2022.
Nick Foles (QB, 34)
$1.5M of Foles’ 2023 salary is fully guaranteed, which signals he’ll stick around as a backup next season - but Matt Ryan has $12M fully guaranteed. If the Colts draft a new QB this offseason, something is likely to give here.
Jacksonville Jaguars
2023 Cap Space: -$20M
Rostered Players: 41
Draft Pick: TBD
After a big offseason of spending, and a proven coach hire, 2022 probably went exactly as the front office hoped and planned. Now it’s about finding those last few puzzle pieces to take them into true AFC contention. Calvin Ridley is a good start, but a versatile safety and more help on the interior of the offensive line should be priority as well.
Notable Free Agents
- Arden Key (DE, 26)
- Evan Engram (TE, 28)
- Jawaan Taylor (RT, 25)
- Marvin Jones (WR, 32)
- MORE
Extension Candidate
Josh Allen (LB, 26)
Allen enters a contract year in 2023, set to play out a fully guaranteed $10.8M 5th-year option salary. He’s posted back to back 7+ sack seasons, adding 4 forced fumbles into the mix in 2022. Matt Judon’s 4 year, $55M deal in New England is a solid floor here.
Bubble Candidate
Shaquill Griffin (CB, 28)
Still a solid player, but a back injury has him out indefinitely. It’s something to watch, as $4.5M of his 2023 salary is guaranteed for injury, becoming fully guaranteed on March 17th. If he passes a physical and the Jags move on, there’s $13.5M to be freed up.
Tennessee Titans
2023 Cap Space: -$24M
Rostered Players: 51
Draft Pick: 11th
Tennessee spent the 12th most cash in football this year and is currently set to be 9th in 2023. Are they too pot committed to rip this band-aid off, even if the play on the field suggests they should? Unless something falls into their lap, Ryan Tannehill is probably the Week 1 QB for this organization.
Notable Free Agents
- Andrew Adams (S, 30)
- DeMarcus Walker (DE, 28)
- Austin Hooper (TE, 28)
- MORE
Extension Candidate
Jeffery Simmons (DL, 26)
Holds a fully guaranteed $10.7M 5th-year option salary in 2023, and should be the next defensive player to cash in big. He’s had back to back identical seasons for the Titans, but lacks the bigtime numbers that might put him in the Myles Garrett/Aaron Donald world financially. He projects to a 4 year, $86M extension in our system.
Derrick Henry (RB, 29)
Who says running backs can’t play after age 27? Henry compiled 1,936 yards from scrimmage this season. While his 6 fumbles are alarming, it seems inconceivable that Tennessee would even consider moving on right now, in which case his $16M+ cap hit for 2023 needs to be addressed. The Titans can process a simple salary conversation to lower the hit - or tack on a few seasons and restructure the contract altogether.
Bubble Candidate
Ryan Tannehill (QB, 35)
We’re required to put him here as his play has declined, and his $36.6M cap hit for 2023 isn’t healthy. The Titans can free up $17.8M of cap with an early release ($27M if Post 6/1), but if the plan is to win ball games in 2023, this won’t happen until they know they have a better option on the roster.
Taylor Lewan (OT, 32)
This one seems inevitable as the former #11 overall pick enters a contract year in 2023, and his entire $14.8M cap hit can be cleared via release.
Robert Woods (WR, 30)
Woods has a non-guaranteed 3 year, $47M remaining on his contract, so his stability is going to be limited from here out. His production aligns more with a WR3 than it does a $15M+ receiver right now, and the Titans can clear $12M with an early trade or release.
CATEGORIES
- NBA 97
- NFL 68
- GOLF 50
- NWSL 40
- MLB 23
- NHL 1
AUTHORS
- Michael Ginnitti NFL, MLB
- Keith Smith NBA
- Scott Allen Contributor
- Taylor Vincent NWSL
5 Early NFL Trade Deadline Candidates
With the November 5th NFL trade deadline just a month away, the hot stoves are already burning strong with potential candidates. We’ll dive into five players being discussed early on, including their contract statuses now and in the future.
NWSL Expansion History
A look at the NWSL's expansion history as we approach the potential announcement of Team 16 to the league.
Postseason Payrolls, Top Paid Outlooks & Top Free Agent Valuations
Spotrac's first dive into the MLB offseason details the finances for each playoff team, a look at how the top-paid players & largest offseason signings fared in 2024, & a few notable valuations for 2025.
Knicks, Timberwolves, Hornets Get Creative In Three-Team Deal
Breaking down the three-team trade that sent Karl-Anthony Towns to New York in exchange for Julius Randle, Donte DiVincenzo.
Expanding NWSL International Spots
This year the NWSL increased the number of international roster spots. General Managers and a coach weigh in with their thoughts.
TRENDING PLAYERS
- 1 Deshaun Watson (QB, CLE)
- 2 Russell Wilson (QB, PIT)
- 3 Dak Prescott (QB, DAL)
- 4 Justin Fields (QB, PIT)
- 5 Yu Darvish (SP, SD)
TRENDING PAGES
- 1 NFL Free Agents
- 2 MLB Free Agents
- 3 MLB Cap Tracker
- 4 NFL Salary Rankings
- 5 NFL Cap Tracker