NFL free agency tracker: Latest news, rumors, trade buzz on Wednesday

The official start of NFL free agency is finally here.

Yes, plenty of movement has already taken place over the first two days of the league's negotiating period, with a bulk of the top unrestricted free agents already spoken for. But contracts and trades cannot become official until the start of the new league year at 4 p.m. ET on Wednesday, and the stunning dissolution of the Maxx Crosby swap served as a reminder of the difference between an agreement and a finalized pact.

USA TODAY Sports will have all the latest news from around the league on Wednesday, so check back often for updates on all the latest deals and moves:

The Detroit Lions are getting compliant with the league's salary cap ahead of the 4 p.m. ET deadline.

The team restructured quarterback Jared Goff's contract to create $32 million in cap space, according to NFL Media's Tom Pelissero. Dave Birkett of the Detroit Free Press and USA TODAY Network confirmed the news.

The Lions lowered Goff's 2026 base salary from $55 million to $15 million by converting the difference to a signing bonus while adding a void year in 2030.

After keeping Alec Pierce in the fold with a sizable extension, the Colts could be wrapping things up with Daniel Jones next.

NFL Media's Ian Rapoport reported Wednesday that the quarterback and the Colts have made "significant progress" toward a two-year extension.

Jones, who is still recovering from a torn Achilles suffered in Week 14, received the transition tag from Indianapolis to prevent him from becoming a true unrestricted free agent.

The start of the new league year means that several players will finally be hitting the open market. Among the most notable names: Kyler Murray.

The Arizona Cardinals quarterback's expected release is already in motion, but it won't become official until Wednesday. At that point, Murray will be free to sign with a new team.

The Minnesota Vikings have been widely reported to be a potential front-runner for Murray's services, though it remains unclear when a deal with the team - or any other franchise - might materialize.

Trey Hendrickson is very likely the most accomplished defensive player yet to sign a deal with a team this week as an unrestricted free agent. But the market for the former NFL sack king could be taking an interesting turn after Crosby's trade to the Ravens didn't pan out.

Hendrickson has "offers on the table" and is expected to make a decision Wednesday, according to The Athletic's Dianna Russini. Could Baltimore swoop in and secure the pass rusher from its AFC North rival? The Ravens certainly have a void at the position after the Crosby deal fell through.

ESPN's Adam Schefter reported Tuesday that multiple teams that spoke with Hendrickson had not agreed to his desired price point.

There are still a few marquee figures among the best remaining players on USA TODAY Sports' ranking of the top 100 free agents, including:

• 1. Trey Hendrickson, DE/OLB
• 2. Rasheed Walker, OT
• 3. Kyler Murray, QB
• 4. Jauan Jennings, WR
• 5. Aaron Rodgers, QB

This article originally appeared on USA TODAY: NFL free agency tracker 2026: News, rumors, trade buzz on Wednesday