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The Notebook: Seattle Pays What JSN Is Worth, the Crosby Trade Collapses in Baltimore, and Rodgers Has Five Days to Tell Pittsburgh Something
Four years, $168.8M — no drama, no holdout. The Maxx Crosby saga ends with a degenerative finding and a thirteen-hour pivot to Hendrickson. A.J. Brown, eight weeks to June 1.
Thursday, March 26, 2026
I want to start this week with Seattle, because I think the conversation about what the Seahawks are building is not being had at the right scale.
Four years, $168.8 million. $42.15 million per year. Jaxon Smith-Njigba is 24 years old and he is now the highest-paid wide receiver in the history of professional football. The extension surpasses Ja'Marr Chase's $40.25 million record by nearly two million dollars per year and was completed without a holdout, without a negotiating drama, without a single day of public posturing. Seattle looked at what they had, priced it honestly, and secured it.
What JSN produced in 2025 — 119 catches, 1,793 receiving yards, 10 touchdowns, first-team All-Pro — was produced in a system that was not specifically designed to feature him. The Seahawks had other pressing needs. The roster around him had real deficiencies at other positions. He did it anyway. That is the version of a player you pay above the market rate for. Not the player performing at a high level in the right environment. The player performing at a historic level in an imperfect environment.
The organizational signal from Seattle is clear: this franchise is building around the defense it has and the receiver it just extended, and it intends to compete at the level of the team that won Super Bowl LX eight weeks ago — because they are that team — for the next four years. Every draft pick, every free agency dollar, every coaching decision runs through that framework. Great organizations ask: what does this do for the team that won the championship? Seattle is asking it.
In Las Vegas, the week ended with a wound that was not self-inflicted but stings nonetheless.
The Maxx Crosby trade to Baltimore collapsed when Ravens team doctors discovered what the organization described as a degenerative knee condition during a physical. Crosby had already traveled from Las Vegas to Washington, D.C. and then to Baltimore. The deal was as close to done as an NFL trade can be without being done. GM Eric DeCosta said publicly he was "gutted." The Raiders responded that Crosby is healthy, functional, and productive — he recorded 10 sacks last season while managing a torn meniscus that required surgery in January.
What this tells you about how NFL organizations think about medical risk in modern trade negotiations is worth understanding carefully. The Ravens did not pull out of the Crosby trade because they thought he was a bad player. They pulled out because their medical staff found something in the physical that changed their calculus on the multi-year contract obligation attached to the deal. That is not the judgment that this player is finished. It is the judgment that the contractual commitment a trade requires is not justified given what we have now learned.
The Raiders' counter — he played ten sacks last year, he had surgery, he is healthy — is also coherent. The tear was repaired. The sacks were real. The degenerative language is what teams put on older joints in older players, and Crosby is 28 years old. Two organizations, two sets of doctors, two different reads of the same imaging. That is how it goes sometimes.
What the collapse produced is this: DeCosta pivoted within thirteen hours and signed Trey Hendrickson to a four-year, $112 million deal. Hendrickson led the NFL with 17.5 sacks in 2024 and spent the last two years as the most consistently productive edge rusher in the AFC North. The Ravens got their pass rusher. Las Vegas kept their cap space and their player. Neither outcome was planned. Both organizations adapted with a speed that tells you something about how prepared front offices have to be now for a market that moves in hours, not days.
The Aaron Rodgers situation in Pittsburgh has a new dimension, and it is not a small one.
Mike McCarthy is the new head coach of the Steelers. That fact has received less attention than it deserves, because McCarthy and Rodgers won Super Bowl XLV together in Green Bay, and McCarthy knows — probably better than any coach currently employed in the NFL — exactly what patience with this player's decision-making timeline produces, and what failing to be patient produces. The Steelers are "hopeful and optimistic," per the consistent sourcing from Pittsburgh. They are not certain. Ian Rapoport has reported the decision is expected before the April draft — by the end of this month. That means by Wednesday.
Every day Rodgers does not decide is a day Pittsburgh's offensive preparation is incomplete. McCarthy, of all coaches in the league, understands how to sit with that uncertainty. He has done it before, in Green Bay, and the outcomes were Super Bowls. Whether Rodgers decides this week or uses every available hour until March 31 — the answer is coming. The calendar is forcing it.
And A.J. Brown.
Adam Schefter reported this week specifically that there is no handshake deal in place between New England and Philadelphia. The asking price is unchanged: a first-round pick plus a second-round sweetener. The cap mechanics remain what they have been: a June 1 trade saves Philadelphia roughly $26 million in current-year dead cap. The Patriots remain the most cited logical landing spot in league circles, and Brown's reported preferred destinations — Buffalo, the Chargers, Kansas City — have not publicly materially changed the market.
Howie Roseman has been doing this for a very long time. The organizations that rush his process find out that his price does not drop. Eight weeks to June 1.
Offtackle Staff Writers