Though the NFL is heading toward minicamps and training camps, teams are still handling in-house business, including negotiating contracts set to expire after the 2026 season.
With the fifth-year option deadline for the 2023 first-round draft class now passed, teams have two clear options: sign those players to extensions or let them play out their rookie deals. Veterans with contracts expiring after 2026 also factor into the equation. How many of them will actually reach the open market?
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Here are five expiring contracts to watch ahead of training camp:
Jan 4, 2026; Pittsburgh, Pennsylvania, USA; Baltimore Ravens quarterback Lamar Jackson (8) scrambles with the ball as Pittsburgh Steelers linebacker Nick Herbig (51) cases during the fourth quarter at Acrisure Stadium. Mandatory Credit: Charles LeClaire-Imagn Images
Nick Herbig
Nick Herbig has emerged as a major offseason storyline, with widespread speculation linking him to a potential trade during the 2026 NFL Draft. However, the Pittsburgh Steelers now appear more likely to retain and extend him. He has shown the potential to develop into a full-time starter when given the opportunity.
As T.J. Watt ages and Alex Highsmith continues to deal with injuries, Herbig could secure a new deal as early as August. If not, he could command a significant payday in 2027.
Drake London
Drake London remains one of the NFL’s most underrated wide receivers, producing consistently despite inconsistent quarterback play from Marcus Mariota and Desmond Ridder.
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The Atlanta Falcons will likely prioritize signing him to a long-term extension. London anchors the offense and has established himself among the league’s top receivers. The key question is whether both sides can reach an agreement before August.
Dec 28, 2025; Charlotte, North Carolina, USA; Carolina Panthers offensive tackle Ikem Ekwonu (79) at the line of scrimmage in the first quarter at Bank of America Stadium. Mandatory Credit: Bob Donnan-Imagn Images
Ikem Ekwonu
Ikem Ekwonu’s strong 2025 campaign validated the Carolina Panthers’ decision to exercise his fifth-year option. The team must now decide whether to extend him before he reaches free agency in 2027.
Ekwonu remains a cornerstone of the offensive line and plays a critical role in protecting quarterback Bryce Young. Although he is recovering from a playoff injury, he is expected to return in time for training camp.
If Ekwonu reaches the open market, he will likely command a premium contract. The Panthers face pressure to finalize a deal before the season begins.
Puka Nacua
Puka Nacua’s future has become one of the most pressing questions this offseason. Following a troubling series of events, he voluntarily entered rehab.
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Despite the uncertainty, Nacua has far exceeded expectations since entering the league in 2023. He serves as Matthew Stafford’s top target and ranks among the NFL’s most productive receivers.
Los Angeles Rams wide receiver Puka Nacua (12) reacts against the Carolina Panthers in the second half during the NFC Wild Card Round game at Bank of America Stadium. Credit: Bob Donnan-Imagn Images
The Los Angeles Rams would prefer to keep him long term, but whether they commit to an extension remains to be seen.
Baker Mayfield
The Tampa Bay Buccaneers face a pivotal decision with Baker Mayfield, though it seems more a matter of when—not if—they offer him an extension.
Mayfield enters the final season of the three-year deal he signed in 2024, capping a remarkable career resurgence. He has led Tampa Bay to the playoffs in two of his first three seasons and nearly guided the team to the NFC Championship Game in 2023.
The remaining question is whether Mayfield will finish his career in Tampa Bay.