5 Key Stories: 6/29/25 – 7/5/25

With the calendar having flipped to July, training camps are not far away around the NFL. The past few days have fallen within what is traditionally the slowest part of the offseason, but they have not been shy on trade action. In case you missed any of the top developments from the past week, here is a quick recap:

• Dolphins, Steelers Complete DB Blockbuster: The Dolphins remained committed to moving on from cornerback Jalen Ramsey this offseason, and a trade partner was found in the form of the Steelers. Pittsburgh appeared to be out of the running to acquire the All-Pro cover man, but a deal was ultimately struck. Ramsey was dealt to the Steelers as part of a swap involving safety Minkah Fitzpatrick, meaning the latter will return to Miami after beginning his career there. The trade marked the first time since 2002 players with five-plus Pro Bowl nods were dealt for each other. Both players have term left on their contracts, and Ramsey could be in store for a hybrid role within the Steelers’ secondary for 2025 and beyond.
• Smith Inks Steelers Extension Upon Arrival: The other main element of the Ramsey-for-Fitzpatrick swap was the inclusion of tight end Jonnu Smith. Extension talks with Miami came up short, something which opened the door to a trade after only one Dolphins campaign. Smith was dealt to the Steelers and will therefore reunite once again with offensive coordinator Arthur Smith. The Pro Bowler inked a one-year, $12MM extension upon arrival in Pittsburgh, meaning he is now under contract through 2026. Coming off a career year (88-884-8 statline), Smith will look to serve as a productive option alongside Pat Freiermuth in Pittsburgh’s new-look offense.
• Waller To Resume Career In Miami: In the wake of trading away Smith, the Dolphins were understandably linked to a tight end acquisition. They took an unexpected route to find a replacement, however, by working out a trade with the Giants to land Darren Waller. The 32-year-old retired last summer, but he will resume his career with Miami by reuniting with Frank Smith, the Raiders’ tight ends coach during Waller’s time in Vegas who is now the Dolphins’ offensive coordinator. Under contract for one season, Waller will look to post a healthy campaign and in doing so provide his latest team with a pass-catching option at the tight end spot after Smith posted a franchise record-breaking year at that position in 2024.
• Steelers Extend Khan: Since 2022, Omar Khan has been in place as the Steelers’ general manager. Kevin Colbert’s successor has maintained some longstanding organizational traditions (such as an avoidance of in-season extension talks), but deviated from standard practice in other respects. The 2025 offseason has served as an example, and in the wake of moves like the Aaron Rodgers signing, the D.K. Metcalf acquisition and the recent trade with the Dolphins, Khan has landed a three-year extension. He is under contract through 2028 as a result. The quarterback spot (beyond 2025)...