Free Agency Roundup: Monday's biggest news

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Considering the sheer amount of player movement set to occur in the next few days, we'll be posting a daily recap summing up the previous day's noteworthy signings. Here is our recap of the Monday's activity, part of the "legal tampering" period which will continue until free agency officially opens at 4 pm today.

• The biggest news is this report that the Tampa Bay Buccaneers will release All Pro cornerback Darrelle Revis tomorrow if they cannot find a taker for a trade before then. Both the Patriots and Broncos have been linked to Revis in trade rumors, although the Patriots will likely pull out of contention if they manage to re-sign Aqib Talib, which they're reportedly close to doing. The Patriots also re-signed tight end Michael Hoomanawanui to a two year deal.

• Despite earlier reports that Michael Bennett would be joining his brother Martellus in Chicago,  the defensive end ultimately decided to take less money to stay in Seattle. Bennett wound up signing for four years, $28 million. After missing out on Bennett, the Bears have reportedly turned their sights to Oakland's Lamar Houston to fill that defensive end spot. Regardless who they sign at DE, it seems pretty clear that Julius Peppers, who has been unsuccessfully dangled in trade talks, will become a cap casualty soon. He'll be joining running back Michael Bush, who was released yesterday after two unremarkable years as Matt Forte's backup. Seattle, for their part, also re-signed backup tight end Anthony McCoy.

• The Dolphins made a couple of moves, releasing cornerback Dmitri Patterson while signing safety Louis Delmas. Patterson should be a nice value signing for someone looking for cornerback depth, while Delmas will bring a hard hitting presence in their secondary (if he can stay healthy). The Phins also remain the favorites to land Brandon Albert, who would bring some badly needed stability to their offensive line.

• The Carolina Panthers, in poor cap shape thanks to some shortsighted contracts handed out by former GM Marty Hurney, are looking to trade receiver Steve Smith. If/when they can't find someone willing to trade for the right to pay a soon-to-be 35 year old receiver with declining production $7 million this year, they'll reportedly release him.

• The Redskins re-signed linebacker Perry Riley, securing their likely successor to London Fletcher's middle linebacker role.

• Pittsburgh cornerback Ike Taylor surprisingly avoided getting cut by agreeing to a significant pay cut, saving the Steelers $4.75 million in desperately needed cap space. The Steelers will open up even more space tomorrow when they will reportedly release linebacker Lamarr Woodley. By designating Woodley as a Post June 1st cut, the Steelers will open up $8 million in cap space while triggering an automatic $8,580,000 dead money charge on their 2015 cap. 

• The Indianapolis Colts resigned a defensive contributor in defensive end Fili Moala, but also now appear poised to lose cornerback Vontae Davis, who reportedly is close to a deal with an undisclosed team. The loss of Davis will be overshadowed if the Colts can land Broncos free agent receiver Eric Decker, who would be a logical fit playing alongside a returning Reggie Wayne and TY Hilton. The Colts have been listed as one of the main competitors for Decker's services.

• The New York Giants still have Chris Snee on the roster because the veteran guard agreed to a pay cut. They no longer have center David Baas because of his refusal to do the same.

• The Chargers re-signed starting guard Chad Rinehart, who made our list of top 5 free agent offensive line fits for the Patriots. They also opened up an extra million in cap space by restructuring linebacker Jarret Johnson's deal.

• With left tackle Jered Veldheer seemingly set to leave town for Arizona as a free agent, the Raiders could be setting their sights on St. Louis free agent Rodger Saffold. The Raiders are one of the few teams on the market looking to sign Saffold as a tackle rather than a guard, which could help them secure his services.

• The 49ers are set to release cornerback Carlos Rogers, whose age and declining pay made him an obvious candidate for release with Donte Whitner and Tarell Brown up for new contracts. Rodgers will likely have to wait until most of the bigger dominos fall in free agency before getting a look from teams.

• The J-E-T-S opened up another $8 million in cap space by announcing the expected release of receiver Santonio Holmes. The moves put the Jets at $40 million in cap space, and they can open up another $8.3 million by releasing Mark Sanchez. Don't be surprised if the Jets are in the thick of things the next few days.

• Tennessee's Alterraun Verner is expected to be signed quickly. He called the Patriots "a possibility" yesterday, although that will likely change if the Pats are able to resign Aqib Talib. Verner has also been linked to the Broncos and Steelers.

• Jacksonville's Jason Babin voided the final two years of his deal, allowing the 33 year old defensive end to hit the market. 

Whew! And that's just the build up to the when the floodgates will really open, at 4 pm today when the league year officially opens. Be sure to check out our roundup tomorrow to find out if anyone manages to top the stupidity of Minnesota giving backup defensive end Everson Griffin a $42.25 million, five year deal (aka $14 million less than Michael Bennett).