The Raiders placed WR Michael Gallup on the reserve/retired list. Gallup signed a one-year deal – with less than $1 million in guarantees – back in April.

WR Michael Gallup agreed to a one-year deal with the Raiders worth "up to" $3 million, NFL Network's Tom Pelissero reports. Gallup went for 1,107 yards in his second NFL season back in 2019 and 843 yards in 2020. But he hasn't been the same player since tearing an ACL late in the 2021 campaign. He averaged just 27 yards per game for the Cowboys over the last two seasons, while ranking outside the top 60 WRs in yards per route and Pro Football Focus receiving grade both years. Gallup has a shot to win the No. 3 WR job in Las Vegas, but that wouldn't be enough to make him a real fantasy factor.

The Cowboys have given WR Michael Gallup permission to seek a trade, according to The Dallas Morning News' Calvin Watkins. Watkins adds that Gallup is unlikely to find much of a trade market because other teams expect Dallas to release him. That would save the Cowboys $9.5 million in 2024 cap space. Gallup has totaled just 842 yards on 11.5 yards per catch in 31 games since tearing an ACL late in the 2021 season. He ranked 77th out of 80 qualifying WRs in 2022 yards per route and then 70th out of 80 last year. We'll see where Gallup lands, but there's little reason to be optimistic for his 2024 fantasy value. His departure would leave opportunity in Dallas for WR Jalen Tolbert -- although we'd expect the Cowboys to add to the position in free agency and/or the draft.

Cowboys WR Brandin Cooks exploded in Week 10, hauling in 9 of 10 targets for 173 receiving yards and a TD vs. the Giants. Sunday saw several Cowboys pass-catchers post great numbers, including WR CeeDee Lamb (11-151-1) and TE Jake Ferguson (4-26-1), but Cooks is the one that fantasy managers should be wary of chasing in the future. The 10 targets he saw on Sunday were his highest by far this season and mark only the second time in 2023 that Cooks has seen more than 4 in a single game. He and teammate Michael Gallup have essentially taken turns as the Cowboys' WR2 in terms of snap rate and route participation this year. It’s best to avoid chasing this performance if you’re looking for help on the waiver wire this week.