Analyzing the Titans' resources heading into 2024 season kickoff

The Tennessee Titans had a bold offseason, and there isn't any indication that they will change their approach when the season starts this Sunday with a road date versus the Chicago Bears.

Big-name players like New York Jets EDGE Haason Reddick could continue his holdout into the season. While we don't know if the Titans would be interested in making another big splash, the point is that there are still big dominoes that need to fall, and that isn't including teams that could be sellers at the NFL trade deadline if their season is trending in the wrong direction.

The Titans have been active this offseason, and with a Will Levis payday still years away (if he earns one), they are in the perfect window to keep being aggressive.

Before in-season rumors begin ramping up, let's analyze what resources general manager Ran Carthon is currently working with. Carthon made three trades in the past week and several additional moves that changed which draft picks they have and how much money they have to spend.

Below is a list of the draft picks that they have in the 2025 and 2026 NFL Drafts, and their effective cap space as per OverTheCap in 2024 and 2025.

2024 effective cap space: $12,798,212 (11th in the NFL)

2025 NFL Draft picks:

1st round
2nd round
4th round
5th round
6th round
7th round (from the Green Bay Packers for Malik Willis)

[3rd round pick traded for CB L'Jarius Sneed, 7th round pick traded for K Nick Folk]

2025 effective cap space: $30,490,186 (13th in the NFL)

2026 NFL Draft picks:

1st round
2nd round
3rd round
4th round
*6th round (from the L.A. Rams in the Ernest Jones IV trade)
6th round
7th round (from the L.A. Chargers for S Elijah Molden)
7th round

*conditional

Those are the assets that the Titans have to bargain with in the short term. Carthon essentially has $12.7 million in 'effective cap space' for in-season moves, which leavees plenty of flexibility for acquisitions.

Something to keep in mind is that the Titans are set to have some interesting free agency decisions to make next offseason. DeAndre Hopkins, Ernest Jones IV, Quandre Diggs, Tyler Boyd, Dillon Radunz, Sebastian Joseph-Day, Nick Westbrook-Ikhine, Jamal Adams, and Nick Folk are some names that are scheduled for free agency.

If the Titans decide to lean into the trade market and spend conservatively in free agency in 2025, they could end up with multiple compensatory picks in a 2026 draft class where they already have eight picks.