5 Key Stories: 7/13/25 – 7/20/25

As players begin reporting to training camp, activity has picked up around the league. A number of contract situations remain unresolved at this point, but several have been taken care of in time for summer practices. In case you missed any of this week’s top developments, here is a quick recap:

• Steelers Extend Watt: After T.J. Watt skipped minicamp in June, it appeared he could be on course to engage in a training camp hold-in like he did during extension talks with the Steelers in 2021. That will not be the case this time around, however, as team and player agreed to a three-year, $123MM deal. The pact keeps Watt in place through 2028 and carries an AAV of $41MM, which is the new watermark for non-quarterbacks. Once again, the former Defensive Player of the Year holds the title of top earner outside the QB spot (for now, at least) and with $108MM fully guaranteed his Pittsburgh tenure is assured for the foreseeable future.
• Wilson, Gardner Ink New Jets Deals: The new Jets regime was clear this spring that extending receiver Garrett Wilson and cornerback Sauce Gardner was a priority; in consecutive days, both deals were taken care of. Wilson secured $130MM (including $90MM in total guarantees) on a deal which has him under contract for the next six years counting the term remaining on his rookie pact. His $32.5MM AAV ranks fifth amongst receivers. Gardner, meanwhile, also signed a four-year extension and his average annual value of $30.1MM represents a new benchmark for corners. The two-time first-team All-Pro fell just short of Derek Stingley Jr. in terms of total guarantees with $85.65MM but he joins Wilson as a foundational player for New York through the remainder of his 20s.
• Smith, Karlaftis Land Chiefs Extensions: Hours before the deadline to do so, the Chiefs finalized a long-term deal with franchise tag recipient Trey Smith. The four-year extension is worth $94MM, and his AAV of $23.5MM has reset the guard market. While Smith, 26, secured less in full guarantees ($46.75MM) than he would have received on consecutive tags, his future is assured beyond the next two years. Expectations will remain high given his durability (one missed game in four years) and status as a 2024 Pro Bowler. Kansas City has also taken care of a major extension in the form of edge rusher George Karlaftis. His four-year deal has a base value of $88MM and keeps him in place through 2030. With Smith and Karlaftis signed for the long term, the Chiefs will have continuity on both sides of the line of scrimmage.
• Howell, Tretter Resign Amidst NFLPA Scrutiny: Recent weeks have seen pressure mount on Lloyd Howell with clarity emerging regarding the NFLPA’s role in burying the findings of its collusion case against the NFL. Issues related to a conflict of interest soon followed stemming from Howell’s role as a consultant for one of the private equity firms eligible to purchase an ownership stake in a...