Looking Back at the Free Agent Outcomes from 2024

As we get ready for free agency to kick off this week I thought it might be informative to go back and look at free agency from two years ago to see how some of those signings have worked out. I only wanted to look at multiple year contracts and contracts that averaged at least $4 million a year. These include tagged players who re-signed. For 2024 there were 116 players that met that criteria

Here is how the roster status of the 2024 signings currently stands:

StatusPlayersPct.
Active6757.8%
Terminated3126.7%
Renegotiated86.9%
Traded76.0%
Likely Cut21.7%
Reserve10.9%

Not a great hit rate as less than 60% of the players are still on the team they signed with on the same contract or a legit extension (a renegotiation is a pay cut).

Next I broke things down by contract length.

YearsPlayersActivePct. Active
2462043.5%
3533464.2%
413969.2%
544100.0%

The two year contracts have less than 50% actually lasting the two years which certainly isn’t great. The 3 and 4 years deals are currently just under 70% while the few five year contracts are all still on the teams.

Finally, we have APY ranges for each player.

Salary RangePlayersActivePct. Active
$20M+141285.7%
$15M to $20M9777.8%
$10M to $15M281450.0%
$7.5M to $10M382360.5%
$4M to $7.5M271140.7%

Obviously the more you make the more likely you are to stick around but we didn’t have a perfect hit rate there either.

Here is the list of all of the players who have been released before finishing their original contract out and maybe get an idea of all the risks that come with free agency each year.

NameTeamPositionYearsTotalAPYPct CompletedOutcome
Kirk CousinsFalconsQB4$180,000,000$45,000,00050%Likely
Christian WilkinsRaidersDT4$110,000,000$27,500,00025%Terminated
Bryce HuffEaglesEDGE3$51,100,000$17,033,33333%Traded
Jonah JacksonRamsLG3$51,000,000$17,000,00033%Traded
Kyle DuggerPatriotsS4$58,000,000$14,500,00025%Traded
Gabriel DavisJaguarsWR3$39,000,000$13,000,00033%June 1 Terminated
Darnell MooneyFalconsWR3$39,000,000$13,000,00067%Likely
Gardner MinshewRaidersQB2$25,000,000$12,500,00050%Terminated
Lloyd CushenberryTitansC4$50,000,000$12,500,00050%Terminated
Sheldon RankinsBengalsDT2$24,500,000$12,250,00050%Terminated
Chidobe AwuzieTitansCB3$36,000,000$12,000,00033%Terminated
Za\’Darius SmithBrownsEDGE2$23,000,000$11,500,0000%Traded
Noah FantSeahawksTE2$21,000,000$10,500,00050%Terminated
Justin JonesCardinalsDT3$30,165,000$10,055,00067%Terminated
Jadeveon ClowneyPanthersEDGE2$20,000,000$10,000,00050%Terminated
Leonard Floyd49ersEDGE2$20,000,000$10,000,00050%Terminated
Tyler BiadaszCommandersC3$30,000,000$10,000,00067%Terminated
Chauncey Gardner-Johnson, Jr.EaglesS3$27,000,000$9,000,00033%Traded
Curtis SamuelBillsWR3$24,000,000$8,000,00067%Terminated
Andre JamesRaidersC3$24,000,000$8,000,00033%Terminated
Mike DannaChiefsEDGE3$24,000,000$8,000,00067%Terminated
Kenneth MurrayTitansLB2$15,500,000$7,750,00050%Traded
Kendall FullerDolphinsCB2$15,000,000$7,500,00050%Terminated
Darnell Savage Jr.JaguarsS3$21,750,000$7,250,00033%Terminated
Bilal NicholsCardinalsDT3$21,000,000$7,000,00067%Terminated
Raekwon DavisColtsDT2$14,000,000$7,000,00050%Terminated
Graham GlasgowLionsRG3$20,000,000$6,666,66767%Terminated
Kendrick BournePatriotsWR3$19,500,000$6,500,00033%Terminated
Josey JewellPanthersLB3$18,750,000$6,250,00033%Terminated
Gerald EverettBearsTE2$12,000,000$6,000,00050%Terminated
Mitch MorseJaguarsC2$10,500,000$5,250,00050%Terminated
Alohi GilmanChargersS2$10,125,000$5,062,50050%Traded
Will DisslyChargersTE3$14,000,000$4,666,66667%Terminated
George FantSeahawksLT2$9,100,000$4,550,00050%Terminated
Josh ReynoldsJaguarsWR2$9,000,000$4,500,00050%Terminated
Ronald DarbyJaguarsCB2$8,500,000$4,250,00050%Terminated
Devin DuvernayJaguarsWR2$8,500,000$4,250,00050%Terminated
Dane JacksonPanthersCB2$8,500,000$4,250,00050%Terminated
Greg ZuerleinJetsK2$8,400,000$4,200,00050%Terminated
Jordan HicksBrownsLB2$8,000,000$4,000,00050%Reserve