Eric Hartline-USA TODAY Sports

The NFL's regular season is over, which for most teams, means it's time to start figuring out plans for the offseason.

NFL free agency is a huge part of the process, and along with the NFL Draft, it has everyone preparing for what should be a very active couple of months.

We've officially come up with our own contract projections for the NFL's top free agents that include context behind each player's 2023 season, the likelihood of a franchise tag, the projection itself, and the first-year cap hit for a team that's “all-in” and is needing to reduce that first-year hit in order to maximize their cap dollars.

So, without further ado, let's check out the projection for Buffalo Bills safety, Micah Hyde.

Micah Hyde 2024 Contract Projection

Mark Konezny-USA TODAY Sports

Hyde has long been one half of one of the better safety tandems in the game, but at 33 and less than two years out from a major neck injury that ended his 2022 season, Hyde is no longer one of the top players at his position, anymore.

Hyde’s abilities in coverage have been eroding over the past few seasons, as evidenced by his yards per coverage snap increasing from 0.16 in 2020 to 0.35 in 2021, to 0.62 this past year. But he still managed to defend seven passes and pick off two more as the Bills defense experienced a late-season resurgence.

For any team looking for a veteran presence who can help mentor a room, you would be hard-pressed to find a better option than Hyde. There are physical limitations, but he can be counted on to be where he is supposed to be on most reps.

  • Franchise Tag Likelihood: Low
  • Projected Contract: 1 years, $3.25M, $3.25M APY, $3.25M GTD
  • Year One Cap Hit $3.25 million

Be sure to check back in and around the site for more projections, as we will add more in the coming days and weeks.

More must-reads:

TODAY'S BEST
Juan Soto's bat speed decline threatens Mets' $765 million investment
Insider suggests four-time Pro Bowl option for Steelers if Aaron Rodgers doesn't sign
Watch: Pacers, Tyrese Haliburton eliminate the Bucks in OT
Stanley Cup playoffs takeaways: Hurricanes advance, panic time for Maple Leafs
NFL team executive expands on what Browns' Shedeur Sanders did wrong before draft
Jayson Tatum's historic game helps send Celtics to Eastern Conference semis
Yankees offense goes nuclear in blowout win
Pirates ace Paul Skenes explains why he's not concerned about potential injuries
Steelers may have found another steal in UDFA pool as Pittsburgh lands an athletic freak
49ers sign star TE to four-year extension
Spurs' Stephon Castle runs away with Rookie of the Year Award
Kings to make Doug Christie new head coach in full-circle moment
Vikings QB J.J. McCarthy sends strong message about whether he's ready to start in 2025
Pistons' Cade Cunningham comes alive in fourth quarter to stave off elimination vs. Knicks
Cubs defeat Pirates with an impressive night at the plate
Watch: Blue Jays' Daulton Varsho makes potential catch of the year
How Steelers reportedly expect Aaron Rodgers saga will end
Watch: Yankees open game with three straight home runs ... again
Ousmane Dembele strike lifts PSG over Arsenal in first leg of Champions League semifinal
Report: CB Jaire Alexander might stick with Packers

Want more Bills news?

Join the hundreds of thousands of fans who start their day with Yardbarker's Morning Bark, the best newsletter in sports.