Report: Tennessee Titans wide receiver Corey Davis to sign $37.5 million deal with New York Jets
The Tennessee Titans will lose both wide receiver Corey Davis and tight end Jonnu Smith to free agency, according to reports by ESPN's Adam Schefter.
Davis reached an agreement on a three-year, $37.5 million deal, including $27 million guaranteed, with the New York Jets. Earlier Monday, Smith reportedly agreed on a deal with the New England Patriots.
The agreements came on the first day of the legal tampering period in anticipation of the opening of free agency on Wednesday.
ADD:Titans to sign former Colts defensive lineman Denico Autry
SUBTRACT:Titans lose tight end Jonnu Smith to Patriots with 4-year, $50 million deal
Davis, the No. 5 overall pick in 2017 out of Western Michigan, is coming off a notable 2020 season when he reached career highs with 65 receptions, 984 receiving yards and five TDs.
Keeping Smith or Davis appeared to be unlikely as their market value climbed.
The Titans, like most teams, are challenged by the salary cap, which dropped from $198.2 million in 2020 to $182.5 million in 2021. They made moves over the past three weeks to clear cap space and bid on pass rushers, wide receivers, defensive backs and others.
The Titans released cornerback Malcolm Butler and safety Kenny Vaccaro, waived wide receiver Adam Humphries and traded offensive tackle Isaiah Wilson.
Reach Adam Sparks at firstname.lastname@example.org and on Twitter @AdamSparks.