Peyton Manning QB DEN 24 Hrs

Manning is reportedly nearing an agreement to take a $4 million pay cut this coming season, ESPN.com reports.

Per the expected agreement -- which will not become final until the veteran QB passes a physical exam -- Manning, who had been on track to earn $19 million, will now be in line to make a $15 million base salary in 2015. In addition to helping cement Manning's anticipated return this coming season, the deals frees up valuable financial resources for the Broncos in advance of NFL free agency.

Jeff Tuel QB BUF 1 Day

Matt Cassel (foot) has been traded to the Bills from the Vikings. The teams have also exchanged undisclosed draft choices as part of the deal, which will become official next week. EJ Manuel, Cassel, and Tuel are currently the team's three quarterbacks ahead of free agency.

The team might even bring in one more quarterback, as new coach Rex Ryan seems intent on stirring up as much competition as possible for the most important position on the field. Note that Tuel has no background with the new staff, so at best he seems like the No. 3 guy once next season rolls around, and he might even be looking for a new employer before all is said and done.

E. J. Manuel QB BUF 1 Day

Matt Cassel (foot) has been traded to the Bills from the Vikings. The teams have also exchanged undisclosed draft choices as part of the deal, which will become official next week. Cassel, Manuel, and Jeff Tuel are currently the team's three quarterbacks ahead of free agency.

The Bills could still bring in one more guy to create an all-out competition, as this is a new coaching regime not married to Manuel. That said, Cassel isn't exactly in the same caliber of Jay Cutler or someone with more of a resume, so Manuel might still be considered the top guy once camp rolls around. And there's some promise as Manuel picks up more experience and has a good QB coach in David Lee. Still, it doesn't sound like new coach Rex Ryan is simply going to hand Manuel the job, and this could end up being a pretty fierce competition all summer.

Matt Cassel QB BUF 1 Day1 Comment

Cassel (foot) has been traded to the Bills from the Vikings. The teams have also exchanged undisclosed draft choices as part of the deal.

Well, if there's one team that's making headlines ahead of free agency it's the Bills, who made a big splash Tuesday with a trade for LeSean McCoy. The Bills lost out on Josh McCown, so apparently they'll go with Cassel (and maybe one other still undetermined guy) to create some competition with an unproven EJ Manuel in camp this season. Cassel, who missed most of last season with a broken foot after winning the starting job for the Vikings, heads to his fourth NFL team.

Andre Johnson WR HOU 1 Day

Johnson's agent Kennard McGuire relayed Wednesday that he has asked the Texans to release the veteran wideout, ESPN.com reports.

The report notes that the Texans had given Johnson -- whose role with the team was slated to diminish -- permission to seek a trade, but such a scenario doesn't seem likely, given the wideout's hefty contract. In any case, at this stage, it appears as though the 33-year-old Johnson -- who caught 85 passes for 936 yards and three TDs in 15 games last season -- will be catching passes for a new team in 2015.

C. J. Spiller RB BUF 2 Days3 Comments

Spiller, about to become a free agent, appeared on the NFL Network on Tuesday and said he won't be returning to Buffalo. He also said the Bills called him and thanked him for his service following the LeSean McCoy trade, ESPN's Mike Rodak reports.

The Bills traded for McCoy on Tuesday afternoon and paid a high price to do so, both in terms of salary and in giving up Kiko Alonso. Spiller already seemed like he was ready to look elsewhere anyway, but given how much he'd cost to bring back into the mix, there's no way the Bills are spending that kind of additional money at the running back position.

Kiko Alonso LB BUF 2 Days3 Comments

Alonso has been traded to the Eagles in exchange for running back LeSean McCoy, ESPN's Adam Schefter reports.

Alonso missed the entire 2014 NFL season after suffering a torn ACL in July, but the 24-year-old linebacker expects to be a full participant in training camp. The move will reunite Alonso with his former college coach, Chip Kelly, and also bolster an Eagles defense that finished in the bottom third of the league in total points allowed in 2014. Philadelphia also finished in the middle of the pack in terms of rushing yards allowed per game last season (119.9), but the addition of Alonso should help immensely in this area as well. The overall IDP outlook of Alonso doesn't change drastically, provided he retains his health throughout the duration of training camp.

LeSean McCoy RB PHI 2 Days33 Comments

McCoy has been traded to Buffalo in exchange for linebacker Kiko Alonso, ESPN's Adam Schefter reports.

McCoy would have represented nearly a $12 million cap hit for the Eagles in 2015, but they'll instead ship him out of town in a move that significantly bolsters their defense. The 26-year-old back was commonly one of the top-2 players taken in standard fantasy drafts in 2014, but didn't really live up to that ADP, rushing for 1,319 yards and recording just five combined touchdowns. His projected fantasy value takes a bit of a hit in Buffalo, where a slower-paced team will mean less opportunities for touches. On the bright side, C.J. Spiller and Fred Jackson are both on expiring contracts, so McCoy may be able to earn the elusive title of "feature" back. He'll still have to hold off Anthony Dixon and former teammate Bryce Brown for touches, however.

Tyvon Branch DB OAK 2 Days

The Raiders have released Branch (foot), the San Jose Mercury News reports.

Branch's release frees up nearly $3 million in salary cap space for the Raiders in advance of free agency. Branch has been a productive IDP when healthy, but he's been limited to just five games over the last two seasons, including three in 2014 (in which he recorded 30 tackles).

Trent Cole LB PHI 2 Days

The Eagles will release Cole, ESPN.com reports.

Given his ability to work in either a 4-3 or 3-4 defensive scheme, the 32-year-pld linebacker should have little trouble securing a new deal, on the heels of a 2014 season in which he recorded 52 tackles and 6.5 sacks in 15 games for the Eagles.