Bills brass explains how ‘albatross’ contract lead to decision to move on from Stefon Diggs
The Buffalo Bills front office were faced with multiple tough decisions this offseason. Early last month, the team’s key decision makers coordinated a high-profile trade which involved star wide receiver Stefon Diggs.
The four-time Pro Bowler agreed to a four-year, $96 million contract extension with the Bills in 2022. But, Bills general manager Brandon Beane suggested moving forward with Diggs’ contract on the books would effectively place a financial “albatross” around the team for the next couple of years.
The team had to take on around $31 million in dead money against its salary cap for the 2024 season, but that was something Beane said the organization was willing to suffer through in the short term.
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“I mean, listen, there’s a lot of things I think you weigh,” Beane said. “A player of his caliber, you weigh a lot of things. But ultimately, we just talked about the (salary) cap. … I don’t need to go through all the reasons why we decided to go ahead and do that. I would say, from a cap standpoint, we decided just to go ahead and eat it out now. We think we can compete and do what we need to do by eating it now. Because if we didn’t, if we tried to come up with some way to split it up too many different ways, it’s just like that albatross hanging on your neck all year. … What’s ’25 look like? What’s ’26?”
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The Bills traded Diggs to the Houston Texans in April in exchange for future draft picks.
Aside from the financial implications, Diggs recently appeared to be unhappy in Buffalo.
Even without Diggs on the roster, Beane remains confident the Bills will be contenders going forward.
“I’m super-competitive,” Beane continued. “I’m gonna be ripping myself the minute we have to walk into a year and I feel like we gotta play with one arm tied behind our back because the cap is what it is. … We got Josh Allen, and we want to compete every single year for a championship.”
Wide receiver Gabe Davis also departed from the Bills this offseason, with the 25-year-old deciding to sign with the Jacksonville Jaguars. But, Beane and the front office did land veteran pass catchers Curtis Samuel and Marques Valdez-Scantling during the offseason.
In April, Buffalo drafted former Florida State wide receiver Keon Coleman in the second round.
“I would say our receiver room right now is like Baskin Robbins,” Beane joked. “We got a lot of flavors.”
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