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The Jaguars didn't pick up Jones' fifth-year contract option, AL.com reports.

Analysis: While Jacksonville picked up the fifth-year options of starting quarterback Trevor Lawrence and top running back Travis Etienne, the team elected not to do so with Jones, who the Patriots took 15th overall in the 2021 NFL Draft. The decision wasn't surprising, given that the value of the Alabama product's option was $25.6 million, the same figure that applied to Lawrence. With the Jaguars, Michael DiRocco of ESPN notes that Jones -- who was obtained from New England in exchange for a sixth-round draft pick -- is slated to compete with C.J. Beathard to be the team's top backup signal-caller in 2024, and potentially beyond. During his three-year stint with the Patriots, Jones drew 42 starts, but the 25-year-old's 2023 campaign wound up with him being benched after Week 12 in favor of Bailey Zappe.

Beckham is signing a one-year contract with the Dolphins, Ian Rapoport of NFL Network reports.

Analysis: It's a $3 million contract that can go up to $8.25 million with incentives, per Marcel Louis-Jacques of ESPN.com. Beckham signed a one-year, $15 million deal with Baltimore last offseason, and while his numbers were solid on a per-route and per-target basis, he never reached even 60 percent snap share after Week 1. He won't have to play too many snaps in Miami, where Tyreek Hill and Jaylen Waddle are the top WRs and head coach Mike McDaniel uses FB Alec Ingold a lot. The Dolphins had three or more WRs on the field for just 48 percent of their plays last year, the third-lowest rate in the league. On the other hand, Hill and Waddle tend to come off the field more often than other top receivers, which should give Beckham some chances to contribute in two-wide sets. Still, he's unlikely to have value in most fantasy leagues unless Hill or Waddle is unavailable (and even then it wouldn't necessarily be a sure thing).

Smoot signed a one-year deal with the Bills on Friday, Alec White & Maddy Glab of the team's official site reports.

Analysis: Smoot, who spent the past seven seasons with the Jaguars, will provide the Bills with added defensive-line depth ahead of the 2024 campaign. The 2017 third-rounder is coming off a 2023 regular season in which he recorded just 10 tackles, including a sack, in 12 contests, but with Buffalo, Smoot should have a chance to contribute as a rotational pass rusher.