The free-agent market for running backs was already shaping up to be a challenging one for teams seeking upgrades. Now, with the New York Jets firmly signaling their intention to retain Breece Hall, it’s poised to grow even more limited. General manager Darren Mougey stated Tuesday that the team plans to keep the 24-year-old running back in 2026, effectively removing a potentially impactful player from the open market.
This development comes on the heels of Javonte Williams’ recent three-year, $24 million contract extension with the Dallas Cowboys, a deal that set a new benchmark for the position this offseason. The Jets’ commitment to Hall, coupled with Williams’ return to Dallas, significantly narrows the field of available running backs and could drive up the price for the remaining top options.
As teams navigate the dwindling pool of talent, Seattle’s Kenneth Walker currently stands out as the most prominent name potentially hitting free agency. Ranked No. 11 in FOX Sports’ top 100 free agents, Walker’s market value could be inflated by the scarcity of comparable options. Beyond Walker, the remaining free-agent class consists of players like J.K. Dobbins, Rico Dowdle, and Travis Etienne, each with their own limitations and question marks.
The landscape for running back contracts has shifted in recent years, with fewer teams willing to commit significant resources to the position. The days of Saquon Barkley’s three-year, $37.75 million contract with the Philadelphia Eagles in 2024 seem increasingly distant, as teams prioritize other positions and explore more cost-effective options. The Cowboys’ deal with Williams, averaging $8 million per season, suggests a more conservative approach to valuing running backs.
Hall’s Value and the Jets’ Options
Mougey emphasized the Jets’ determination to retain Hall, stating, “We’ll find a way to keep Breece here if we can’t secure a deal done.” The team is prepared to utilize either the franchise tag, projected at around $14.5 million, or the transition tag, estimated at $11.7 million, if a long-term contract cannot be reached. ESPN reports that the Jets are actively working towards a new contract with Hall.
Hall’s 2025 season saw him rush for 1,065 yards despite playing for a struggling 3-14 Jets team, demonstrating his productivity even in challenging circumstances. However, his overall value is somewhat tempered by the team’s lack of a consistent quarterback and overall offensive struggles. The Jets reportedly considered trading Hall at the trade deadline last year, but ultimately decided to keep him as a core piece of their offense.
Impact on the Running Back Market
The Jets’ decision to prioritize Hall has a ripple effect across the league, further constricting the free-agent market. With fewer high-end options available, teams may be forced to overpay for the remaining talent or explore alternative strategies, such as relying on the draft or developing younger players. Jets X-Factor notes that Williams’ deal could signal a cooling in the running back market, potentially allowing the Jets to secure Hall on a reasonable contract.
Walker, who rushed for 1,027 yards last season, is now positioned as the most coveted free-agent running back. However, his value could be artificially inflated due to the limited supply of comparable players. The Seahawks’ general manager, John Schneider, has been noncommittal about re-signing Walker, increasing the likelihood that he will test free agency.
The drop-off in talent after Walker is significant, with players like Dobbins (772 yards), Dowdle (1,076 yards), and Etienne (1,107 yards) representing the next tier of available running backs. While these players may offer value at the right price, none possess the game-breaking potential of a player like Walker or Hall.
What’s Next for the Jets and the RB Market
The Jets now face the task of negotiating a long-term contract with Hall or applying a tag to secure his services for the 2026 season. Their ability to address their quarterback situation will be crucial in maximizing Hall’s impact. The team currently has nearly $80 million in projected cap space, providing them with the financial flexibility to pursue both Hall and a potential quarterback upgrade.
The broader running back market will continue to evolve as teams assess their options and adjust their strategies. The scarcity of high-end talent is likely to drive up the price for the remaining free agents, while also encouraging teams to explore alternative approaches to building their running back rooms. The coming weeks will be critical in determining the fate of several prominent running backs and shaping the landscape of the position for the 2026 season.
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