Tua Tagovailoa Cut

Miami designated Tagovailoa as a post-June 1 release, which allows them to split the massive $99.2 million dead cap hit over two years. The Dolphins will carry a $67.4 million cap charge in 2026 and defer $31.8 million to 2027. Miami's new direction includes signing Malik Willis, who completed 70 of 89 passes in three games for the Packers over the last two seasons. The Falcons signed Tagovailoa to a one-year, $1.3 million deal to compete with Michael Penix Jr., who is recovering from a torn ACL. If Kirk Cousins signs elsewhere for at least $10 million, the Falcons could cover their entire QB room with the contract offset. It's a low-risk move for Atlanta, giving them a chance to evaluate Penix once healthy. The Colts are working towards a two-year extension with Daniel Jones. They used the transition tag on Jones, costing $37.833 million, but allowing him to test the market. The deal could be worth up to $100 million, with $50 million in the first year. The Rams aren't desperate to find Matthew Stafford's successor, even though the quarterback is 38 years old. They are focused on maximizing Stafford's remaining years. Backup QB Jimmy Garoppolo is a pending unrestricted free agent. The Jets acquired Geno Smith from the Raiders for a late Day 3 pick swap. The Raiders are paying the majority of Smith's deal, with the Jets paying just over the veteran minimum. Carson Wentz is rumored to be the preferred backup.