Five best NFL offseason value signings on offense: Bills get great deal with RB extension

Few know how to spend money like an NFL front office.

This offseason, teams handed out over $4 billion in extensions alone, not to mention the several other billions spent in free agency. 

But which were the shrewdest investments?

Below, we examine the best value signings at five positions on offense: quarterback, running back, wide receiver, tight end and offensive line.

Las Vegas Raiders quarterback Geno Smith

Contract: Two years, $75 million ($65.5M guaranteed)

Shortly after acquiring Smith in a trade from the Seattle Seahawks, the Raiders extended the 2022 Associated Press Comeback Player of the Year to a contract that raises the Raiders' floor while maintaining flexibility. Smith has a manageable $26.5M cap hit in 2026, when Over The Cap projects Las Vegas to have the third-most cap space ($78.7M) based on an estimated 5.8 percent cap increase.  

Since 2022, Smith has the third-highest completion percentage (68.5 percent) among 32 quarterbacks with at least 20 starts during that span. He's also tied with Kansas City Chiefs quarterback Patrick Mahomes for the second-most fourth-quarter comebacks (10) and trails only Mahomes in game-winning drives.

Buffalo Bills running back James Cook

Contract: Four years, $48M ($30M guaranteed)

Los Angeles Rams running back Kyren Williams pierced Cook's bubble when he signed a three-year, $33M extension on Aug. 5. The Bills running back sought $15M per year, making his $12M in annual average value (AAV) a huge win for Buffalo. 

Over Cook's first three seasons, he's averaged 4.9 yards per carry. In 2024, he led the NFL with 16 rushing touchdowns. With just 533 career tackles, Cook doesn't have the wear-and-tear of other backs who've made splashes early in their careers, raising hopes that he can withstand the workload that comes with being Buffalo's featured back.

Cincinnati Bengals wide receiver Tee Higgins

Contract: Four years, $115M ($40.9M guaranteed)

The Bengals retained Higgins at a remarkable price, keeping him in Cincinnati at less than $30M per year, the going rate for the league's top wideouts. Per Spotrac, while Higgins is No. 10 in AAV among wide receivers, he ranks just outside the top 20 in guaranteed money. Last season, Higgins averaged 75.9 receiving yards per game, his most since 2021, and scored a career-high 10 touchdowns despite missing five games due to injury.

Arizona Cardinals tight end Trey McBride

Contract: Four years, $76M ($43M guaranteed)

The 2024 first-team All-Pro ranks No. 1 among tight ends in guaranteed salary. However, if he continues producing numbers more akin to WR1s — last season, he had 111 receptions, 1,146 receiving yards and two touchdowns — his contract will be one of the league's better bargains.

Baltimore Ravens offensive tackle Ronnie Stanley

Contract: Three years, $60M ($44M guaranteed)

Stanley's journey back from a devastating 2020 lower leg injury culminated in the 2019 first-team All-Pro being named a Pro Bowler for the second time in his first nine seasons last year. The No. 6 overall pick in the 2016 NFL Draft was rewarded with a contract that will keep him in Baltimore through his age-33 season.

In terms of average annual value, his extension ranks below other left tackles who signed contracts this offseason, and not just younger players such as Rashawn Slater (Los Angeles Chargers), who was recently lost for the season, and Bernhard Raimann (Indianapolis Colts). Atlanta Falcons tackle Jake Matthews, 33, is averaging $22.5M on his current deal, while Las Vegas Raiders tackle Kolton Miller, 29, is set to earn $22M per year through 2028.