Marquez Valdes-Scantling activated from COVID list

Reunion: Veteran WR Mike Williams is returning to the Chargers on a one-year deal worth up to $6 million, per source.

Related Players: Ladd McConkey, D.J. Chark, Quentin Johnston

This is a nice low-risk offer to get a pure X receiver back for Justin Herbert. With Williams lining up out wide in the 80% range, even if he comes back as the team's No. 2 option, it shouldn't have much of an impact on McConkey, but it could push Johnston back into more of a complementary role after his high-usage 2024 season.

Williams should stick back in the WR4/5 range for fantasy purposes.

The Panthers have agreed to a 1-year deal with RB Rico Dowdle, per league source.

Related Players: Chuba Hubbard

Carolina recently released Miles Sanders, so Dowdle should operate as an upgrade over the veteran. This is a much bigger hit to Hubbard's fantasy ceiling than Sanders functioned as last season, but it's not the best spot for Dowdle's fantasy aspirations, either.

If there are no more additions to the backfield, we should consider Hubbard a low-end RB2 and Dowdle a fringe RB3/4.

Broncos are signing two-time Pro-Bowl TE Evan Engram to a two-year deal. Denver has been seeking TE help in recent seasons and now finally has found some.

Related Players: Adam Trautman, Lucas Krull

Much like in his college years, Bo Nix checked the ball down at a massive rate, which just so happens to be where Engram makes most of his noise. Though he's never been a huge run-after-catch option, Engram could find himself with enough volume to flirt with another 10-top fantasy season.