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Home Blog Page 8610

NFL News: Reports: Colts agree to record signing with K Matt Gay


The Indianapolis Colts are reportedly signing Matt Gay to the largest deal ever for a kicker in free agency.

NFL Network placed the value of the contract at four years and $22.5 million.

Deals can become official on Wednesday, the start of the 2023 league year and also Gay’s 29th birthday.

Gay converted 93.3 percent of his field-goal attempts (28 of 30) and 96.9 percent of his extra points (31 of 32) with the Los Angeles Rams in 2022.

He made the Pro Bowl and won a Super Bowl championship with the Rams in 2021.

A fifth-round draft pick by Tampa Bay in 2019, Gay has made 101 of 115 field goals and 138 of 145 PATs across 57 games with the Buccaneers and Rams (2020-22). He is 17 of 23 from beyond 50 yards.

–Field Level Media

NFL News: Reports: Raiders, WR Jakobi Meyers reach 3-year deal


Free agent wide receiver Jakobi Meyers has agreed a three-year, $33 million contract with $21 million guaranteed with the Las Vegas Raiders, multiple media outlets reported on Tuesday.

The reported move reunites Meyers with Raiders coach Josh McDaniels, who was his offensive coordinator with the New England Patriots from 2019-21.

Meyers would be the latest Patriots tie-in with the Raiders under McDaniels. Quarterback Jimmy Garoppolo, who spent his first three seasons in New England, reportedly agreed to a three-year, $67.5 million contract on Monday.

“It’s hard to turn down Las Vegas,” Meyers told CBS Sports. “When you look at their offense, when you look at their coaches. They wanted me, I wanted them. Unfortunately, it didn’t work out with the Patriots. I put a lot of effort in my time there.”

Meyers, 26, had 67 catches for 804 yards and a career-best six touchdowns in 14 games last season.

The undrafted Meyers has 235 receptions for 2,758 yards and eight touchdowns in 60 career games with the Patriots.

–Field Level Media

NFL News: Cowboys re-signing S Donovan Wilson to 3-year deal


The Dallas Cowboys are re-signing safety Donovan Wilson to a three-year deal worth up to $24 million, his agents confirmed Tuesday.

NFL Network reported that the first two seasons ($13.5 million) are fully guaranteed.

Contracts can become official on Wednesday, the start of the 2023 league year.

Wilson, 28, started all 17 games in 2022 and set career highs with 101 tackles and five sacks.

He has 203 tackles, 8.5 sacks, five forced fumbles and three interceptions in 51 games (30 starts) since the Cowboys drafted him in the sixth round in 2019.

Agents Kevin Conner and Robert Brown of Universal Sports & Entertainment Management confirmed the deal with NFL Network.

–Field Level Media

NFL News: Reports: Buccaneers to ship OG Shaq Mason to Texans


Tampa Bay Buccaneers guard Shaq Mason will be traded to the Houston Texans when official league business allows the transaction on Wednesday.

The deal was first reported as a possibility last week by The Athletic and multiple outlets on Tuesday said both sides were in agreement. NFL Network reported that the Buccaneers will receive a sixth-round draft pick and the Texans will get a seventh-round selection along with Mason.

Tampa Bay saves $5 million under the salary cap, helping to create cash to bring back free agent cornerback Jamel Dean.

Mason, 29, is in the final year of his contract and would have counted $9.5 million against the Buccaneers’ cap in 2023.

A fourth-round pick out of Georgia Tech, Mason started his NFL career with the New England Patriots (2015-2021) and was traded to the Buccaneers prior to the 2022 season. He has 115 career starts in 120 NFL games.

The Texans also agreed to terms on a one-year deal with wide receiver Noah Brown, per the Dallas Morning News.

Brown, 27, set career highs with 43 catches for 555 yards and three touchdowns in 16 games (13 starts) in his fifth season with the Dallas Cowboys in 2022.

–Field Level Media

NFL News: Reports: Falcons outbid Commanders for QB Taylor Heinicke


Taylor Heinicke agreed to a two-year, $20 million contract with the Atlanta Falcons, who reportedly outbid the Washington Commanders.

NFL Network reported on Tuesday that the Commanders wanted to bring back Heinicke but he chose to sign with his hometown team. Heinicke played at Collins High School in Suwanee, Ga., near Atlanta.

Desmond Ridder started the final four games of his rookie season for the Falcons and is expected to enter training camp as the team’s starter. But Heinicke, who signed with Washington as an emergency quarterback during the COVID pandemic, has been down this road before.

Heinicke, 29, eventually started 24 total games over the past two seasons and posted a 12-11-1 record as the replacement starter for Ryan Fitzpatrick and Carson Wentz.

–Field Level Media

NFL News: Reports: Browns land DT Dalvin Tomlinson, DE Ogbo Okoronkwo


The Cleveland Browns beefed up their defensive line on Monday, agreeing to free agent deals with defensive tackle Dalvin Tomlinson and edge rusher Ogbo Okoronkwo, according to multiple media reports.

Tomlinson reportedly will receive a four-year, $57 million contract that features $27.5 million guaranteed. Okoronkwo reportedly will get a three-year, $19 million pact that could be worth as much as $22 million.

Tomlinson, 29, spent the past two seasons with the Minnesota Vikings, finishing with 2.5 sacks in each campaign. Last season, he had 42 tackles (three for loss), one forced fumble and one fumble recovery in 13 games, all starts.

A second-round pick of the Giants in 2017, he spent four seasons in New York before joining the Vikings. In 93 career games, all starts, he has 13 sacks, 288 tackles (26 for loss), two forced fumbles and two fumble recoveries.

Okoronkwo, 27, played for the Houston Texans in 2022 following three seasons with the Los Angeles Rams, who selected him in the fifth round of the 2018 draft.

After logging just 4.5 sacks in 33 games, no starts, for Los Angeles, Okoronkwo had five sacks in 17 games (eight starts) for Houston. For his career, he has 78 tackles (14 for loss), three forced fumbles and three passes defensed.

–Field Level Media

NFL News: QB Jameis Winston agrees to deal to stay with Saints


Jameis Winston will remain with the New Orleans Saints after reaching an agreement with the team, he told CBS Sports on Monday.

Winston and the Saints settled on a one-year deal worth a maximum of $8 million if he achieves all incentives, according to ESPN and NFL Network. He had been set to enter the last year of a two-year extension that would have paid him a $12.8 million salary in 2022, ESPN reported.

The revised contract reflects Winston’s revised role with the team: The Saints agreed to a four-year, $150 million contract with Derek Carr last Monday, and the former Las Vegas Raiders quarterback is set to take over as the starter in New Orleans.

Winston, 29, started the first seven games of the 2021 season for the Saints before starting the first three games of the 2022 season. He sustained a season-ending knee injury in October 2021, and sustained multiple back fractures in September 2022. When he returned last season, he was relegated to second string behind Andy Dalton, who is now a free agent.

In three seasons with the Saints, Winston has a 6-4 record as a starter.

The 2013 Heisman Trophy winner, Winston was selected first overall by the Buccaneers in the 2015 draft. He spent five seasons in Tampa Bay before the Buccaneers parted ways with him upon the arrival of Tom Brady in 2020.

In eight NFL seasons, Winston has a 34-46 mark as a starter with a 61.3 percent completion rate, 21,840 passing yards, 139 touchdown passes and 96 interceptions. He also has 1,220 rushing yards and 11 touchdowns on 293 carries.

–Field Level Media

PagerDuty’s Upcoming Q4 Earnings Preview

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RBC Capital analysts provided their views on PagerDuty, Inc. (NYSE:PD) ahead of the company’s upcoming Q4/23 earnings announcement on Thursday, expecting durability to continue.
According to the analysts, a slight upside to consensus expectations of 20% billings growth looks achievable given a solid pipeline into Q4, stabilizing job postings and recently re-affirmed guidance.
Additionally, the analysts expect outperformance on profitability including the potential for significant free cash flow improvements in fiscal 2024 aided by a recent 7% RIF. Overall, the analysts would look for consistent execution as secular tailwinds around digital transformations, workflow and AIOps continue.

Easterly Government Properties Review Post Q4 Earnings Report

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Easterly Government Properties (NYSE:DEA) reported its Q4 results two weeks ago, with EPS of $0.18 coming in better than the Street estimate of $0.06. Revenue was $73.5 million, beating the Street estimate of $71.28 million.
Analysts at RBC Capital still expect the earnings run-rate will be reset in 2023 versus 2022. Additionally, they expect earnings will tick lower in 2024 in part due to higher interest expenses.
Encouragingly, the company completed some additional balance sheet work by executing $300 million of new interest rate swaps keeping its variable rate debt balance down. Therefore, the analysts are largely reiterating their earnings estimates. RBC’s estimates imply core earnings will drop 9.2% in 2023 and 4.0% in 2024. The analysts maintained their Sector Perform rating and $15 price target on the company’s shares.

What to Expect From Adobe’s Q1 Results Tomorrow?

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RBC Capital analysts provided their outlook on Adobe Inc. (NASDAQ:ADBE) ahead of the upcoming Q1/23 earnings report on Wednesday after the market close, expecting the company to step over a reasonable bar to start the year as consumer spending has remained durable and non-hyperscaler digital transformation appears resilient.
While the conversation still revolves around Figma and growing investor interest in generative, the analysts expect the core creative and experience to deliver solid results against reasonable expectations to start the year.


While RBC expects generative to be a major theme at Adobe Max later this month, new updates around Figma are less likely as the company continues to anticipate the deal to close in H2/23.
The analysts expect a slight upside relative to consensus estimates: (1) Digital new media ARR vs. consensus of $376.1 million and guidance of $375 million, (2) total revenue vs. consensus of $4.623 billion and guidance of $4.62 billion, (3) Digital media revenue vs. consensus of $3.36 billion, (4) EPS vs. consensus of $3.68.

Other tech giants – such as  Walmart (WMT), Google Alphabet  (GOOGL),  Microsoft  (MSFT), eBay (EBAY), Tesla (TSLA), Groupon (GRPN) also have seen a spike in their stock today.

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