What It Means:

The deal includes $21 million guaranteed as Raiders head coach Josh McDaniels adds another former New England Patriots player. Meyers played in McDaniels' offense the first three years of his career, so that familiarity could help him secure the No. 2 receiver job behind Davante Adams. Hunter Renfrow loses value with this signing and Mac Jones also takes a hit due to Meyers' departure.

Despite missing three games last season, Meyers led the Patriots in targets (96), receiving yards (804), and touchdown catches (6) last season. He also registered team-highs with a 22.5% target share and 27.9% air yards share. The Patriots will need to add pass-catchers in free agency and the draft, to replace Meyers' production.