A shortlist of veteran free agents remain at the quarterback position, but one potential trade option looms for teams still in need of a signal-caller. Kirk Cousins remains in place with the Falcons, although a deal sending him elsewhere remains a talking point around the league.
Atlanta is prepared to move forward with Michael Penix Jr. atop the depth chart after the 2024 first-rounder took over from Cousins as starter late last season. The latter’s Achilles injury healed as planned, but he dealt with other ailments while playing through a downturn in production prior to his benching. A Cousins release has long been predicted based on the Falcons’ plan under center, and the 36-year-old would welcome it. At multiple points this offseason, however, the team has indicated a willingness to keep Cousins in place as an expensive backup. 
Around the Combine, trade talks were not believed to be taking place; with Atlanta clearly not proceeding with a release, though, that appears to be changing. The Exhibit’s Josina Anderson reports Cousins is now being discussed as a potential trade target. She adds the Falcons have received calls about the four-time Pro Bowler, with a third-round pick being floated as part of a potential compensation package. Cousins has a no-trade clause, but his desire to play elsewhere in 2025 has been made clear to ownership.
A $27.5MM base salary for 2025 would be a large figure for an acquiring team to absorb, to say nothing of the $10MM 2026 roster bonus which recently became locked in. Offset language in Cousins’ contract means Atlanta would see some financial relief in the event the team proceeded with a release (with his new team then signing him to a pact at or near the league minimum). The decision to keep the former Washington and Minnesota starter in the fold this long marked another indication he will not be cut, however.
The report does not name interested parties, but it is not difficult to identify which teams could be in the market for acquiring Cousins via trade. The Browns have already swung a trade for Kenny Pickett, but they are known to still be in the market for a veteran quarterback. Ties to Cousins (based on his history with Cleveland head coach Kevin Stefanski) have been made, although the team is not in position to take on a lucrative veteran deal with Deshaun Watson still on the books for another two years.
The Steelers, Giants, Vikings and Titans, meanwhile, are all on the lookout for a veteran addition under center (to varying degrees). Aaron Rodgers represents the next major domino to fall, with Russell Wilson, Joe Flacco, Jameis Winston and Carson Wentz the names to watch closely once his future becomes clear. Tennessee has been linked to moving on from Will Levis and potentially replacing him with Cam Ward in next month’s draft. Considering Mason Rudolph departed in free agency, the Titans could use a veteran, although adding Cousins would come as a surprise in their case.
No movement on the Cousins front will be possible unless the team’s stance on retaining him changes and his desire to move on yields a willingness to waive his no-trade clause. With new interest being shown, though, it will be interesting to see if anything tangibly changes in this situation.