Dolphins to take $99m hit on Tagovailoa as Chiefs close in on Super Bowl MVP Walker

<ul><li><p>QB <a href="https://www.theguardian.com/sport/article/2024/jul/26/tua-tagovailoa-agrees-to-team-record-212m-contract-extension-with-dolphins">agreed $212.4m extension</a> with team in 2024</p></li><li><p>Falcons reportedly interested in taking on QB</p></li><li><p>Kansas City set to beef up running game</p></li><li><p>Travis Kelce set to return for 14th season with Chiefs</p></li></ul><p>The Miami Dolphins are moving on from Tua Tagovailoa, the quarterback they drafted with the fifth overall pick in 2020 in hopes of turning the franchise’s fortunes around.</p><p>The move will cost the Dolphins an NFL record $99m in dead money against the salary cap. <a href="https://www.espn.com/nfl/story/_/id/48151647/dolphins-release-tua-tagovailoa-take-record-cap-hit">ESPN reported</a> that the move will be designated after 1 June, meaning the Dolphins will spread the hit to their salary cap across two years ($67.4m in 2026, $31.8m in 2027). ESPN also reported that the Atlanta Falcons are interested in signing Tagovailoa. Atlanta are set to release Kirk Cousins and Michael Penix Jr is recovering from injury.</p> <a href="https://www.theguardian.com/sport/2026/mar/09/tua-tagovailoa-miami-dolphins-release-nfl-salary-cap">Continue reading...</a>