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NFL owners vote to approve private equity investment

Wed Aug 28 8:56am ET
Field Level Media

The NFL is opening its doors to private equity funds.

At a meeting in Eagan, Minn., on Tuesday, NFL owners voted in favor of a resolution that allows funds to purchase up to 10 percent of a franchise.

The league met with several firms earlier this month as it explored whether to change its rule disallowing institutional money in team ownership. The NFL was the only major North American sports league that prohibited private equity ownership in a franchise before Tuesday's vote.

Private equity funds will only be able to achieve "passive ownership," which would not come with any decision-making power within a team's ownership suite or front office.

The league provisionally approved eight funds to buy a stake in a franchise. Sixth Street Partners, Ares Management and Arctos Partners are operating on their own. Another five funds make up a consortium interested in investing: Blackstone, the Carlyle Group, CVC Capital Partners, Dynasty Equity and Ludis.

New York Jets Hall of Fame running back Curtis Martin founded Ludis, and NFL commissioner Roger Goodell said Tuesday that Martin took the initiative to form the consortium.

ESPN reported that the owners voted 31-1 in favor of the measure, with the Cincinnati Bengals the lone holdout.

"They spent a lot of time, a lot of work and I'm appreciative of the kinds of interest that we have from the financial community that spent the time they did putting this together," Dallas Cowboys owner Jerry Jones said, per ESPN. "This is a win for the game."

An Ares Management spokesperson said in a statement, "Ares is honored to have been accepted by the NFL to be able to invest in its iconic football franchises. The NFL has long engendered deeply loyal fanbases, innovative approaches to media and some of the most viewed and highest valued sports franchises in the world. We are excited for the opportunity to support the continued growth of NFL teams through Ares' extensive investment experience and strong relationship networks in the sports, media and entertainment sector."

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Player Notes
Terrace Marshall Jr. Aug 28 3:20pm CT
Terrace Marshall Jr.

Free agent wide receiver Terrace Marshall Jr. is signing with the San Francisco 49ers, according to NFL Insider Jordan Schultz. The former 2021 second-round selection was waived by the Carolina Panthers on Tuesday afternoon. Over his first three NFL seasons, the LSU product totaled just 767 yards and one score on 64 receptions. Marshall saw a career-high 490 yards in 2022 but took a significant step down last season as he tallied only 139 yards. The 24-year-old could push to earn the No.4 or 5 spot on the 49er depth chart or may be placed on the practice squad for the time being. Marshall could be a name to monitor in deeper dynasty leagues, as he has yet to earn an extended opportunity in the NFL despite being a high draft pick.

From RotoBaller

Greg Joseph Aug 28 3:10pm CT
Greg Joseph

Free Agent Kicker Brayden Narveson was claimed by the Green Bay Packers on Wednesday afternoon, according to Tom Pelissero of the NFL Network. In a corresponding move, the Packers released kicker Greg Joseph. Narveson was an undrafted rookie and spent the preseason playing in Tennessee and went 6-for-7 on his field goal attempts. This was surprising, as the Packers waived Anders Carlson on Tuesday, suggesting that Joseph had won the starting job. As a result, fantasy managers should expect Narveson to now serve as the new starting kicker in Green Bay. While the N.C. State product may be a risky investment late in drafts, he should have ample opportunities to score fantasy points kicking on a potent offense and has flashed potential by hitting a 59-yard field goal during the preseason.

From RotoBaller

Dameon Pierce Aug 28 2:10pm CT
Dameon Pierce

Houston Texans running back Cam Akers made the team's final 53-man roster on Tuesday, signing just a week after training camp had started. Akers doesn't present much value on special teams, so that means if he's active, he will be pushing for carries on game days to spell workhorse starter Joe Mixon. If the Texans opt to trade away presumed No. 2 back Dameon Pierce as well, Akers would become Houston's preferred backup and fantasy's clear-cut handcuff to Mixon. It's hard to envision Akers, 25, having much upside or standalone value this season, after rushing for a mere 2.8 yards per carry over 60 attempts and coming off his second career Achilles tear in 2023, but the former second-round pick is at least trending up this summer over Pierce.

From RotoBaller

Keaton Mitchell Aug 28 2:00pm CT
Keaton Mitchell

There is hope that Baltimore Ravens running back Keaton Mitchell (knee) will return sometime in November. Mitchell is on the Physically Unable to Perform list to begin the season and will miss at least the first four games of the year after suffering a season-ending torn ACL in December of last year. This could lead Baltimore to add a RB who was cut from another team, but for the time being, veteran receiving back Justice Hill is all set to handle the change-of-pace role behind workhorse starter Derrick Henry in the early stages of 2024. Fantasy managers can stash the 22-year-old Mitchell if they have the space, considering he racked up 8.4 yards per carry across 47 attempts in his rookie season last year, but he's unlikely to be an option until the second half of the campaign.

From RotoBaller

Tutu Atwell Aug 28 1:50pm CT
Tutu Atwell

Los Angeles Rams wide receiver Tutu Atwell finally started showing some of his potential last season, starting 14 games and looking to be a dangerous weapon early in the season. His effectiveness tapered off after a hot start, however, and the 24-year-old former second-rounder's role diminished down the stretch before missing time while in concussion protocol. The Rams are fairly loaded at WR, with Cooper Kupp, Puka Nacua, and Demarcus Robinson set to line up as the wideouts in three-receiver sets. The emergence of rookie Jordan Whittington, along with a good training camp from journeyman Tyler Johnson, gives LA the kind of depth in the receiving corps where they could consider floating Atwell's name in trade talks. It's been reported the Rams are not looking to deal Atwell, but they still might be open to a respectable offer to improve other areas of the roster.

From RotoBaller

Brock Bowers Aug 28 1:40pm CT
Brock Bowers

There's still no sign of Las Vegas Raiders rookie tight end Brock Bowers (foot) at practice on Wednesday. Bowers hasn't practiced since the middle of August due to a foot injury, but there remains optimism that his lack of activity is precautionary. Fantasy managers will want to see the 21-year-old first-rounder back on the field soon, however, as Las Vegas' regular-season opener is less than two weeks away against the division-rival Los Angeles Chargers on Sept. 8 at SoFi Stadium. In the meantime, Michael Mayer and Harrison Bryant figure to be handling the first-team reps at tight end in practice sessions for the Raiders. Unless something significant emerges about his injury, Bowers remains safe to choose as a late-round pick for fantasy managers waiting until the end of drafts to grab a TE.

From RotoBaller

Ja'Marr Chase Aug 28 1:30pm CT
Ja'Marr Chase

It doesn't look like Cincinnati Bengals wide receiver Ja'Marr Chase is practicing on Wednesday. After head coach Zac Taylor said on Tuesday that Chase was going to continue to practice amid ongoing contract negotiations with the Bengals, the wideout got to practice 13 minutes after it has started in street clothes. Taylor also said Tuesday that he expects Chase to suit up for Cincinnati's regular-season opener against the visiting New England Patriots on Sept. 8 at Paycor Stadium, so fantasy managers shouldn't be moving the 24-year-old All-Pro around in their first-round rankings for the final week of drafts. Despite missing star quarterback Joe Burrow for half of the season last year, Chase put up a career-high 100 receptions (145 targets) in 16 appearances.

From RotoBaller

Russell Wilson Aug 28 1:20pm CT
Russell Wilson

The Pittsburgh Steelers have named quarterback Russell Wilson their Week 1 starter against the hosting Atlanta Falcons at Mercedes-Benz Stadium, so Justin Fields will begin the season as the team's backup. The Steelers left the door open for Fields to potentially win the starting job after Wilson missed the early part of training camp due to a calf injury, but the incumbent veteran will ultimately get the nod for the opening week of the campaign. Wilson gives Pittsburgh a stabilizing presence under center that should help keep the offense on schedule, but his fantasy value is going to be very limited during his starts in 2024 with a weak receiving corps and a major emphasis on the ground game in offensive coordinator Arthur Smith's attack. Fantasy managers shouldn't look at the 35-year-old veteran signal-caller as anything more than a low-upside QB2 option.

From RotoBaller

Russell Wilson Aug 28 1:03pm CT
Russell Wilson

Pittsburgh Steelers QB Russell Wilson will be the team's starter to begin the season, head coach Mike Tomlin announced on Wednesday, Aug. 28.

Fantasy Spin: This was always expected, as Tomlin said on numerous occasions throughout the offseason that Wilson was the favorite for the job. Wilson finished as QB14 overall in 2023 and is a QB2 and fringe starter in 12-team leagues.

From TheHuddle

Desmond Ridder Aug 28 1:00pm CT
Desmond Ridder

The Arizona Cardinals are re-signing quarterback Desmond Ridder (concussion) to their practice squad on Wednesday, according to sources. Ridder returns to the desert just a day after he was waived as the Cardinals cut their roster down to 53 players. The 24-year-old signal-caller failed to prove to the Atlanta Falcons that he was their franchise QB in his two seasons, and now he'll enter the 2024 regular season as the QB3 in Arizona behind Kyler Murray and Clayton Tune. The former second-rounder out of Cincinnati is no longer on the fantasy radar in single-year leagues after completing only 64% of his 503 pass attempts in his two years in Atlanta while throwing for 3,544 yards, 14 touchdowns and 12 interceptions. In addition to his 12 picks, Ridder was turnover-prone with 15 total fumbles, including 12 in 2023.

From RotoBaller

Russell Wilson Aug 28 12:53pm CT
Russell Wilson

The Steelers have decided on Russell Wilson to be their starting quarterback to open the season. He beat out Justin Fields for the job.

Neville Gallimore Aug 28 12:52pm CT
Neville Gallimore

The Los Angeles Rams are signing defensive end Neville Gallimore, according to NFL insider Jeremy Fowler. The 2020 third-round pick by the Dallas Cowboys signed with the Miami Dolphins at the start of free agency, but he was surprisingly released ahead of the 53-man roster cutdown deadline on Tuesday. Gallimore played in 52 games for Dallas from 2020 to 2023 and racked up 90 total tackles (40 solo), four sacks, three pass deflections, and 12 run stuffs during his tenure. He'll now join the Los Angeles 53-man roster and a young defensive line that is tasked with replacing future Hall of Fame defensive tackle Aaron Donald.

Samaje Perine Aug 28 12:43pm CT
Samaje Perine

Free-agent RB Samaje Perine (Broncos) is signing an undisclosed deal with the Kansas City Chiefs on Wednesday, Aug. 28.

From TheHuddle

Brock Purdy Aug 28 12:40pm CT
Brock Purdy

A resolution between the San Francisco 49ers and star left tackle Trent Williams isn't close at this time as he looks for more guaranteed money and a raise on his current deal. Williams plans to continue his holdout until his contract is addressed, and it's possible it seeps into the start of the 2024 regular season. The 36-year-old veteran never reported to training camp this summer, so he's not currently counting towards one of the team's 53 spots on the active roster. One of the best left tackles in the game wants a raise after seeing both Tristan Wirfs and Penei Sewell sign new deals this offseason worth $28 million per year. Williams currently has three years left on his six-year, $138 million deal that carries an average annual value of $23 million. He's scheduled for a $20.5 million base salary in 2024 and $22.5 million next year. Not having Williams to kick off the season will be a major downgrade for Brock Purdy's protection.

From RotoBaller

Samaje Perine Aug 28 12:40pm CT
Samaje Perine

The Kansas City Chiefs are signing veteran running back Samaje Perine to their active roster on Wednesday, according to sources. Perine quickly lands on his feet after he was cut by the division-rival Denver Broncos on Tuesday. The 28-year-old veteran will slot in as the RB4 for KC behind Isiah Pacheco, Clyde Edwards-Helaire and rookie Carson Steele, but he could have the opportunity to find a bigger role as the season progresses. It's certainly an upgrade for Perine due to the offense alone, but the former fourth-rounder in 2017 out of Oklahoma is still probably no better than a late-round flier in very deep point-per-reception leagues at the moment. In his only year in Denver in 2023, he handled 53 carries for 238 yards and one touchdown on the ground while adding a career-high 50 receptions for 455 yards in 17 games.

From RotoBaller

Brandon Aiyuk Aug 28 12:30pm CT
Brandon Aiyuk

The San Francisco 49ers and wide receiver Brandon Aiyuk remain in a contract standoff with the 2024 regular season quickly approaching. The ongoing offseason saga between the Niners and Aiyuk somehow has not been resolved one way or another with a long-term contract extension or a trade, so we continue to wait. Aiyuk is on the 53-man roster, unlike left tackle Trent Williams, because he reported to training camp this summer. San Francisco will begin their normal practice schedule this week, but it's uncertain whether Aiyuk will actually return to the practice field for the first time this offseason. Either way, the two sides aren't any closer to an extension, and at this point, it seems pretty unlikely he'd be traded with the start of Week 1 just over a week away. Aiyuk's fantasy value remains the highest if he sticks in San Fran, but at this point fantasy managers have to worry about him starting off slow since he hasn't been working with the starting offense at all.

From RotoBaller

Trey Sermon Aug 28 12:20pm CT
Trey Sermon

Indianapolis Colts running back Trey Sermon (hamstring) is practicing with the team on Wednesday. With Sermon returning to practice on Wednesday, he should be ready to go for the Week 1 regular-season opener in the first week of September. The 25-year-old injured his hamstring in the team's preseason opener on Aug. 11 and sat out the final two preseason contests as a result. Before his injury, though, he was trending as the club's RB2 behind starter Jonathan Taylor. It remains to be seen if that's still the case and if he's ahead of Tyler Goodson on Indy's RB depth chart. The former third-rounder out of Ohio State is probably nothing more than a handcuff option in the very deepest of fantasy leagues for managers that have Taylor rostered. In his first year in Indy in 2023, Sermon had 35 carries for 160 yards (4.6 yards per tote) and caught three passes for 13 yards in 14 games.

From RotoBaller

Hassan Haskins Aug 28 12:20pm CT
Hassan Haskins

The Los Angeles Chargers claimed running back Hassan Haskins off waivers from the Tennessee Titans on Wednesday, according to the league's transaction wire. The former Michigan product wasn't able to make the Titans' 53-man roster out of training camp and will now join the Bolts for the 2024 campaign, most likely starting on the practice squad. In LA, Haskins will provide extra RB depth behind Gus Edwards, J.K. Dobbins, Jaret Patterson and rookie Kimani Vidal. The 24-year-old former fourth-round selection in 2022 missed all of last season due to an upper-body injury after seeing 25 carries his rookie season that he turned into 93 scoreless yards in 15 games (one start). He also caught 11 passes for 57 yards in 2022. Haskins remains well off the fantasy radar for the time being.

From RotoBaller

Dalvin Cook Aug 28 12:10pm CT
Dalvin Cook

Four-time Pro Bowl running back Dalvin Cook signed with the Dallas Cowboys on Wednesday, according to his agency. It's a big addition to a Cowboys backfield that currently has veteran Ezekiel Elliott and Rico Dowdle listed as co-starters. Cook will start his tenure with Dallas on the practice squad and will need to work his way to the active roster after missing all of training camp and the preseason while on the open market. It means the 29-year-old won't immediately challenge for a substantial role in Dallas' backfield and he may not even be active in Week 1. The 29-year-old was coming off injury in 2023 and averaged a meager 3.2 yards per carry with the New York Jets and Baltimore Ravens. However, he's had a fully healthy offseason and enters a RB picture with plenty of opportunity. At best, Cook will a late-round flier in very deep fantasy leagues to begin 2024.

From RotoBaller

Bailey Zappe Aug 28 12:10pm CT
Bailey Zappe

Former New England Patriots quarterback Bailey Zappe, who has plenty of starting experience in the NFL, has a deal in place to sign with the Kansas City Chiefs' practice squad, according to a source. The Patriots just cut Zappe on Tuesday to get down to 53 players, and he lands on his feet quickly with the defending Super Bowl champions to give them QB depth behind Patrick Mahomes and Carson Wentz. Zappe, a former fourth-rounder in 2022 out of Western Kentucky, wasn't able to stick around in New England after the team drafted both Drake Maye and Joe Milton III in April. The 25-year-old played in 14 games (eight starts) in his two seasons with the Pats, going 192-for-304 (63.2%) for 2,053 yards, 11 touchdowns and 12 interceptions. If Zappe ends up starting for the Chiefs in 2024, they're probably unlikely to three-peat.

From RotoBaller