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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
Kene Nwangwu Aug 28 9:10pm CT
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The New Orleans Saints have claimed running back and punt returner Kene Nwangwu off waivers from the Minnesota Vikings, according to NFL Network's Tom Pelissero. Nwangwu had been cut loose when the Vikings trimmed their roster down to 53 players on Tuesday. The 26-year-old is primarily a return specialist, having attempted just 14 rushes over the last two seasons. On the other hand, he led the NFL with 35 punt returns in 2022 and tacked on another 15 over nine games last year. He owns an impressive 27.6 yards per return and three return touchdowns over 37 career contests. It's no surprise that Nwangwu was claimed off waivers given his special teams talent, but it's an interesting landing spot given that the Saints already have Rashid Shaheed on their roster. Presumably, Shaheed will handle kick returns and Nwangwu will get the nod for punt returns in 2024.

From RotoBaller

Mitchell Trubisky Aug 28 9:00pm CT
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Buffalo Bills general manager Brandon Beane is "cautiously optimistic" that quarterback Mitchell Trubisky (knee) will avoid being placed on injured reserve, according to Joe Buscaglia of The Athletic. However, the team won't rule anything out until Trubisky is able to practice. Nevertheless, Beane's comments are promising. The same is true of the Bills' decision to release quarterback Ben DiNucci, leaving the Bills with only Josh Allen and Trubisky on the 53-man roster. Buffalo wouldn't enter the season with Allen as their only healthy quarterback, so perhaps Trubisky is trending in the right direction. We should know more within the next week.

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Rashid Shaheed Aug 28 8:50pm CT
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New Orleans Saints wide receiver Rashid Shaheed (foot, toe) was spotted at practice on Wednesday. This was a positive sign for the up-and-coming pass-catcher given that he'd missed time with an assortment of injuries this summer, including foot, toe, and hamstring issues. He has 11 days to get fully healthy before the Saints' season kicks off against the Carolina Panthers. Shaheed projects as the team's No. 2 receiver behind Chris Olave, giving him legitimate appeal as an occasional FLEX option in fantasy football. His speed makes him quite the boom-or-bust weapon.

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Odell Beckham Jr. Aug 28 8:40pm CT
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Miami Dolphins wide receiver Odell Beckham Jr. (undisclosed) had surgery over the offseason, according to David Furones of the Sun Sentinel. Miami reportedly knew about Beckham's injury and procedure before signing him in free agency. Although Beckham wanted to play Week 1, the Dolphins placed him on the PUP list, delaying his debut with the team until Week 5 at the earliest. Furones notes that the team was comfortable with Beckham's injury status and made their decision based on the "long play" essentially banking on the fact that Beckham will get healthy over the next month and make a big impact down the stretch. From a fantasy football perspective, the veteran will operate behind Tyreek Hill and Jaylen Waddle, making it difficult for him to rack up points.

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Rashee Rice Aug 28 8:30pm CT
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Kansas City Chiefs wide receiver Rashee Rice is not expected to be suspended by the NFL until after his legal process plays out, according to Mark Maske of the Washington Post. Furthermore, the NFL does not intend to place Rice on the commissioner's exempt list. These developments point to Rice being available for most or all of this season. The legal process can take a while, especially if Rice's representation manages to delay parts of the process until next offseason. Fantasy managers should still tread carefully with Rice, but the odds of him suiting up for a full season are a bit higher with today's news. If he does play most or all of the Chiefs' 17 games this season, he'd be Patrick Mahomes' No. 1 wide receiver and would teeter between the WR2 and WR3 tiers on a weekly basis.

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Taylor Heinicke Aug 28 7:30pm CT
Taylor Heinicke

The Los Angeles Chargers are acquiring quarterback Taylor Heinicke from the Atlanta Falcons on Wednesday in exchange for a conditional sixth-round draft pick. Not only is starting quarterback Justin Herbert (foot) recovering from plantar fasciitis in his foot, but backup Easton Stick regressed in training camp and the preseason. The 31-year-old Heinicke will be an upgrade at the QB position behind Herbert entering the regular season next week. In Atlanta, the Falcons were expected all along to try and trade Heinicke after taking rookie Michael Penix Jr. in the first round in April. Heinicke made his NFL debut back in 2017 with the Houston Texans and has appeared in 38 games (29 starts) since then with four different teams. His best year came in 2021 with Washington, when he threw for 3,419 yards, 20 touchdowns and 15 picks on 321 pass attempts over 16 games (15 starts).

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Drake Maye Aug 28 7:20pm CT
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Brandon Aiyuk Aug 28 7:10pm CT
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Updating a previous report, San Francisco 49ers wide receiver Brandon Aiyuk (back, neck) was not seen during warmups before the team's practice on Wednesday. The 49ers expected Aiyuk to return to practice on Wednesday. "I know he's been cleared by our doctors. So I hope he's out there practicing today," Shanahan said. It's yet another strange turn in the Aiyuk saga as he continues to hold-in as he seeks a long-term contract extension with just over a week until Week 1 against the New York Jets on Monday night. The 26-year-old has apparently been dealing with a back/neck issue during training camp despite not practicing or playing at all during the preseason. The possibility of the Niners trading the former first-rounder seems remote at this point, but each passing day that Aiyuk isn't on the field should give fantasy managers pause as to whether they should draft him as a low-end WR1/high-end WR2.

From RotoBaller

Keenan Allen Aug 28 6:10pm CT
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Chicago Bears wide receiver Keenan Allen (foot) missed practice Wednesday. GM Ryan Poles asserts that it was minor discomfort related to a cleat issue and isn't figured to be an issue for Week 1. The injury won't help an aging wide-out in a crowded receiving room. The 32-year-old is part of a hyper-talented WR room that includes DJ Moore and ninth-overall pick Rome Odunze. It's clear Allen won't have the 8.5 or more targets per game he's enjoyed in each of his last seven seasons, but he will be catching passes from rookie No. 1 overall pick Caleb Williams. Fantasy managers will still want to watch to ensure Allen returns to practice in the coming days heading into their drafts.

From RotoBaller

Ja'Marr Chase Aug 28 5:50pm CT
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Cincinnati Bengals head coach Zac Taylor admitted he may have been premature in his comments about wide receiver Ja'Marr Chase's status, stating that Chase is now considered day-to-day. Taylor acknowledged he "spoke too quickly" on Tuesday regarding Chase's availability and expressed hope that Chase will return "hopefully at some point soon." Despite Taylor's earlier statement that Chase would practice this week, the star wide receiver did not participate in Wednesday's session as the team prepared for its season opener. Chase has essentially been "holding in" throughout the preseason as he seeks a better contract than the $1.1 million he's set to earn in 2024. However, his salary will increase to over $21 million in 2025 due to the Bengals picking up his fifth-year option in April. Taylor also mentioned he expects Chase to play in Week 1 against the New England Patriots, but the final outcome remains uncertain with the situation evolving rapidly.

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Noah Brown Aug 28 5:30pm CT
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The Washington Commanders have signed former Houston Texans wide receiver Noah Brown. Brown, who previously worked with Commanders head coach Dan Quinn during their time with the Cowboys, was recently waived by the Texans as part of their roster cuts. At 28 years old, Brown is coming off two consecutive seasons with over 550 receiving yards, having played for the Cowboys in 2022 and the Texans in 2023. With the Commanders having traded Jahan Dotson to the Eagles last week, their current receiver lineup includes Terry McLaurin, Olamide Zaccheaus, Luke McCaffrey, Dyami Brown, Byron Pringle, and Jamison Crowder. Washington needs reliable contributors to support McLaurin and Zaccheaus, though rookie third-round pick McCaffrey might also see some action. Despite missing part of training camp due to a shoulder injury following offseason labrum surgery, it appears the Commanders expect Brown to be ready for Week 1 against Tampa Bay.

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Brandon Aiyuk Aug 28 5:20pm CT
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San Francisco 49ers general manager John Lynch anticipates that hold-in wide receiver Brandon Aiyuk (back, neck) will participate in practice on Wednesday. When asked about the consequences if Aiyuk doesn't show up, Lynch responded, "Then we'll deal with that." Head coach Kyle Shanahan also expressed hope that Aiyuk will practice, noting that doctors have cleared him after earlier reports of back and neck issues. Shanahan indicated that he would address potential penalties if necessary. The situation remains to be determined regarding whether Aiyuk is nearing a market-value extension or is willing to play out his rookie contract, which includes a $14.1 million salary. This ongoing uncertainty also opens up trade possibilities for the 49ers' leading receiver since 2022. The offseason's biggest fantasy storyline continues with no resolution in sight.

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Dalvin Cook Aug 28 5:13pm CT
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Jaylen Waddle Aug 28 4:00pm CT
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From RotoBaller

Curtis Samuel Aug 28 3:50pm CT
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Buffalo Bills wide receiver Curtis Samuel (toe) was seen taking part in the practice session that was open to the media on Wednesday afternoon, according to Sal Capaccio of WGR550. This is an excellent sign for the 28-year-old wideout, who is currently questionable entering the opening week of the NFL season. Samuel was diagnosed with turf toe earlier in August and could be ready for Week 1 if he continues to progress well. Head Coach Sean McDermott expressed last week that Samuel "has a real good chance of being back," and this recent report suggests he remains on track to do so. Last season as a Commander, Samuel caught 613 receiving yards with four scores through the air and added one on the ground. Samuel remains an intriguing draft target at his current 129.7 Yahoo! ADP as the Bills wide receiver room lacks a clear No.1 option.

From RotoBaller

Allen Robinson Aug 28 3:40pm CT
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Free agent wide receiver Allen Robinson II is signing with the Detroit Lions, according to Ari Meirov of The 33rd Team. Robinson was recently cut by the New York Giants earlier this week. The 31-year-old has struggled over the past few seasons after posting back-to-back 1,000-yard campaigns in 2019 and 2020. Since then, the Penn State product has averaged just 343 receiving yards each season, and will now look to join his fourth team in four years. Currently, the Lions have two wide receivers on the injured reserve, Tre'Quan Smith (undisclosed) and Antoine Green (concussion), which could open the door for the veteran to serve in a depth role throughout the season occasionally. For now, fantasy managers should feel comfortable leaving Robinson on their waiver wire.

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

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Greg Joseph Aug 28 3:10pm CT
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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.

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Dameon Pierce Aug 28 2:10pm CT
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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.

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