The Giants have agreed to a two-year deal with QB Jameis Winston. NFL Network reports that it's worth $8 million total, clear backup money at the position. FOX Sports' Jordan Schultz adds, however, that incentives could push it as high as $16 million. Winston spent last year with the Browns after four seasons with the Saints. He turned 31 in January.

The Jets will release QB Aaron Rodgers, ESPN's Adam Schefter reports. The move has been expected for a while but will become official after 4 pm ET on Wednesday. The Jets are taking on $49 million in dead money by dumping Rodgers. He's coming off an underwhelming season, resulting in a 5-12 record. Rodgers averaged just 229 passing yards per game on 6.7 yards per attempt -- tied for his worst mark as a starter.

NFL Network's Ian Rapoport reports that the Jets are "taking calls" on a potential trade for WR Davante Adams. If the team can't move him that way, it's expected to release Adams. The WR carries $38.3 million cap hits for each of the two years remaining on his contract. According to Spotrac, though, the Jets would save more than $60 million in cap space over that span by unloading Adams.

Fox's Jay Glazer reports that the Jets recently told QB Aaron Rodgers that they're "moving on from him." That reportedly came in a meeting Rodgers had flown back to New Jersey for. So not only should we expect the Jets to be in the market for a new QB, but Rodgers also appears to be interested in playing in 2025.