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The Cowboys have picked up Parsons' fifth-year contract option, Michael Gehlken of The Dallas Morning News reports.

Analysis: The move keeps the 2021 first-rounder -- who played the majority of his snaps at defensive end in 2023 -- under contract with Dallas through the 2025 campaign. Per Gehlken, the star defender's salary in his fifth NFL season will be $21.32 million. The 24-year-old is coming off another productive effort with the Cowboys, in which he racked up 64 tackles and a career high 14 sacks in 17 regular-season outings.

Bateman signed a two-year contract extension Wednesday.

Analysis: Bateman was already under contract through the upcoming season in the final year of his rookie deal, but the Ravens had until May 2 to decide whether to exercise the receiver's $14.44 million team option for 2025. By reaching an extension with Bateman, the Ravens will no longer have to decide on whether to exercise or decline the option, as he's now on the team's books through 2026. The 24-year-old appeared in 16 of the Ravens' 17 regular-season games this past season, catching 32 of 56 targets for 367 yards and one touchdown. Despite Bateman's underwhelming production during his third NFL season, head coach John Harbaugh noted earlier in the offseason that he views the wideout as a candidate to "take a big step" forward in 2024, per Ryan Mink of the Ravens' official site. The Ravens' pass-catching corps should look mostly similar in 2024 as it did in 2023, as No. 1 wideout Zay Flowers is entering his second season and standout tight end Mark Andrews is back in the fold, though Odell Beckham is currently a free agent and may not be brought back.

Highsmith and the Steelers agreed Wednesday to restructure his contract and create roughly $7 million in cap space, Ian Rapoport of NFL Network reports.

Analysis: Highsmith is likely converting a portion of his base salary into a signing bonus, with Rapaport calling the move a "simple" restructure. The 2020 third-round pick notched a solid 7.0 sacks across 17 regular-season appearances in 2023, a far cry from his career-high 14.5 sacks in 2022, but he remains an integral part of Pittsburgh's defense for the foreseeable future.