Colin Kaepernick
QB SF (8)
5 hours ago

Kaepernick announced Wednesday that he would opt out of the final season of his contract with the 49ers, ESPN.com's Nick Wagoner reports.

EDGE Analysis

In what was a widely-anticipated decision, Kaepernick will become a free agent for the first time in his career, affording the 49ers approximately $14.5 million in cap room in the process. After spending a good portion of 2015 in a backup role behind Blaine Gabbert, Kaepernick made 11 starts in 2016 and was quite productive from a statistical standpoint, posting a 90.7 passer rating and a 16:4 touchdown-to-interception ratio while also contributing 468 yards on the ground. It's unclear if other teams around the league view Kaepernick, who went only 1-10 as a starter last season, as a viable No. 1 quarterback, but now that he's a free agent, his acquisition cost would likely be lower than some of the other veteran signal callers who are expected to be available via trade.

Brandon Williams
DL BAL (8)
5 hours ago

Williams will become a free agent on March 9 after the Ravens announced that they will not use the franchise tag on the defensive tackle, ESPN's Jamison Hensley reports.

EDGE Analysis

According to Hensley, the Ravens would've used essentially all of their current available cap space in tagging Williams. With that, Williams is set to hit the open market once free agency begins. The Ravens will likely try to re-sign Williams as he is the team's most valuable free agent, but other teams will be looking to add his run-stopping abilities to their defensive fronts as well.

QTrevor Siemian
QB DEN (11)
5 hours ago

Broncos coach Vance Joseph said Wednesday that Siemian (shoulder) is on track to return for OTAs, Troy Renck of The Denver Post reports.

EDGE Analysis

After winning the starting quarterback job to open 2016, Siemian played capably in the early stages of the season, but saw his production wane upon separating his left shoulder in October. Though he only ended up missing one game due to the shoulder issue, he required a minor procedure in January to address the issue, which left his availability for offseason activities on uncertain ground. Joseph's comments seem to suggest that Siemian is progressing as expected, and the organization seems to remain committed to the 25-year-old, at least in their interactions with the media. Despite Siemian's uneven play last season, Joseph said the Broncos are comfortable with Siemian and Paxton Lynch as the team's quarterbacks, perhaps taking them out of the running for one of the several veteran signal callers around the league who are expected to be available via trade or free agency in the offseason. Even if the Broncos don't bring in any outside competition for training camp, Siemian will likely still have to battle Lynch for the starting job heading into 2017.

QJamaal Charles
RB KC (5)
5 hours ago

The Chiefs released Charles (knee) on Tuesday via the Failed Physical designation.

EDGE Analysis

In the minutes that followed Charles' axing from the Chiefs' roster, Ian Rapoport of NFL Network reported that the running back was healthy, but the official documentation from the league says otherwise. Indeed, Charles is hopeful that he'll be "100 percent for offseason training," per Terez A. Paylor of The Kansas City Star, following the arthroscopic procedures on both knees last season. Although the more serious of the ailments was a torn meniscus in his right knee, Charles will likely have to pass a battery of tests, including a physical, before another organization rolls the dice with the 30-year-old.

SUSJosh Gordon
WR CLE (13)
5 hours ago

Gordon (suspension) plans to officially apply for reinstatement Wednesday, ESPN.com's Adam Schefter reports.

EDGE Analysis

Gordon hasn't appeared in an NFL game since 2014 following multiple violations of the league's substance abuse policy, but was conditionally reinstated last July. However, after subsequently returning to practice with the team and taking part in preseason action, Gordon decided to enter an in-patient rehab facility in October while he was in the midst of his four-game suspension to open the 2016 season, and decided to put his playing career on hold for the time being. Gordon's business manager said that the decision to step away from the game has put the wideout in his "best place mentally that he has been in dating back years before entering the NFL," and Gordon now feels he's prepared to return to professional football. If the NFL agrees with that assessment and reinstates Gordon, he'd still remain under the Browns' club control, but all indications are that the organization plans to move on from the troubled receiver.

Jimmy Garoppolo
QB NE (9)
6 hours ago

The Patriots aren't expected to trade Garoppolo during the offseason, Adam Schefter of ESPN.com reports.

EDGE Analysis

With Tom Brady offering no indication that he plans on retiring in the near future following his fifth Super Bowl victory in February, Garoppolo represents little more than an insurance policy for the Patriots, but an elite one at that. After Brady missed the first four games last season while under suspension, Garoppolo performed steadily as a fill-in starter for the first two contests before missing the final two games of Brady's absence with a sprained AC joint in his throwing shoulder. He ultimately recovered from the injury and went on to complete 68 percent of his passes for 8.0 yards per attempt, four touchdowns and no interceptions across six appearances on the season. While the Patriots' offensive system surely aided his numbers, Garoppolo demonstrated the sort of proficiency and sound decision making that several teams would have valued in their own starting quarterbacks, leading many to speculate that the 25-year-old would draw plenty of interest around the league if the Patriots made him available. It appears that barring another extended absence for Brady, Garoppolo will have to wait at least one more season for a starting opportunity with the Patriots or any other team, which will continue to limit his fantasy appeal largely to dynasty formats heading into 2017.

Kyle Williams
DL BUF (10)
7 hours ago

Bills coach Sean McDermott announced that Williams would return to the team in 2017, ESPN.com's Mike Rodak reports.

EDGE Analysis

There was some thought that Williams, who will turn 34 in June, could opt for retirement this summer, but after turning in another productive campaign in 2016, the Bills' long-time run stuffer will be back for another season. Williams will carry a hefty $8.3 million cap hit in 2017, but after he churned out 64 tackles and five sacks in 15 games while playing through injury a season ago, it's a price the Bills are likely willing to pay.

Jairus Byrd
DB NO (5)
20 hours ago

Byrd will be released by the Saints at the start of free agency, NFL Network's Ian Rapaport reports.

EDGE Analysis

Despite his production on the field, Byrd's price tag ultimately became too big of a burden for the Saints. The eight-year vet was slated to earn $7.9 million this year and $22.9 million over the next three years. Byrd tallied 82 tackles in 2016, but with the emergence of Von Bell in the secondary, New Orleans decided to part ways with the 30-year-old sooner rather than later.

Darrelle Revis
DB NYJ (11)
20 hours ago

The Jets opted to release Revis on Wednesday, Brian Costello of the New York Post reports.

EDGE Analysis

The veteran was slated to make $15.3 million in 2017 ($6 million guaranteed), which includes a $2 million roster bonus on March 11. Given that Revis will be 32 at the start of the 2017 season, his reduced production in 2016, and a recent alleged off-the-field incident, it is not all that surprising that the Jets are opting to cut ties the cornerback.

Davon House
DB JAC (5)
22 hours ago

House is currently being shopped by the Jaguars and is expected to be released if a trade isn't reached, Ian Rapoport of NFL Network reports.

EDGE Analysis

House is slated to make over $6 million next season, which the Jaguars feel is too high of a price for a defensive back who only recorded 17 tackles last season. The 27-year-old impressed in his first year with the team, recording 60 tackles, 23 pass deflections, and four interceptions in the 2015-16 season. However, he appeared to be the odd-man-out last season as Jalen Ramsey and Prince Amukamara handled the majority of reps at cornerback. Look for more updates on his search for a new team to come over the next few weeks.