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NFL Free Agency Opens With Spending Spree as Chiefs Land Super Bowl MVP Kenneth Walker III

Most reported agreements came in the negotiating window and will not be official until the new league year starts Wednesday.

Overview

  • Kansas City reached a three-year agreement with running back Kenneth Walker III reported at up to $45 million with about $28.7 million guaranteed, addressing a glaring need in the Chiefs’ ground game.
  • Running backs commanded premium deals on Day 1, highlighted by Walker to the Chiefs and Travis Etienne Jr. to the Saints on a four-year, $52 million pact, with several other backs securing strong two-year contracts.
  • Teams committed extraordinary sums within minutes of the window opening, with more than $1 billion reportedly spent in the first 90 minutes and the Raiders and Titans leading Day 1 outlays.
  • Miami moved to reset at quarterback by agreeing with Malik Willis after releasing Tua Tagovailoa, taking on a record $99 million dead-cap charge, according to reports.
  • Some defensive markets lagged despite the rush elsewhere, with top edge rusher Trey Hendrickson still unsigned and linebacker and cornerback prices settling below recent expectations.