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UPDATE: 3:08 p.m. Arrowhead Time
Carlos Hyde will wear No. 34 with the Chiefs, according to a tweet from their official Twitter account.
We have signed free agent RB Carlos Hyde.
— Kansas City Chiefs (@Chiefs) March 9, 2019
Welcome to #ChiefsKingdom! pic.twitter.com/tcaZA10ZJi
UPDATE: 2:35 p.m. Arrowhead Time
NFL Network’s Ian Rapoport says the deal is official. Carlos Hyde is a Chief.
Former #Jaguars RB Carlos Hyde is signing with the #Chiefs today, source said, agreeing to a 1-year deal worth just under $3M. Solid depth and experience before the madness begins.
— Ian Rapoport (@RapSheet) March 9, 2019
Terez Paylor of Yahoo! Sports with the compensation:
Hyde’s deal is for one year and $2.8 million, per a source
— Terez A. Paylor (@TerezPaylor) March 9, 2019
ESPN’s Adam Schefter said the Chiefs have guaranteed $1.6 million.
Chiefs are giving former Jaguars’ RB Carlos Hyde a one-year, $2.8 million deal - $1.6 million of which is guaranteed, per source.
— Adam Schefter (@AdamSchefter) March 9, 2019
The Jacksonville Jaguars released veteran running back Carlos Hyde on Friday; there is a “good chance” he could have a job with the Kansas City Chiefs by the end of Saturday.
ESPN’s Adam Schefter reported Friday night that the 28-year-old, five-year veteran would be visiting the Chiefs on Saturday.
Free-agent RB Carlos Hyde, released Friday by the Jaguars, is scheduled to visit Saturday with the Kansas City Chiefs, per source. Hyde could be a complement to Chiefs’ RB Damien Williams.
— Adam Schefter (@AdamSchefter) March 9, 2019
Old friend Terez Paylor of Yahoo! Sports chimed in.
There’s a good chance the Chiefs will be signing RB Carlos Hyde when he visits tomorrow, per a source. Pending a physical.
— Terez A. Paylor (@TerezPaylor) March 9, 2019
The Chiefs currently have only two running backs—Damien Williams and Darrel Williams on their roster, with Spencer Ware set to potentially make more money than many of us probably expected on the open market.
Hyde is a veteran who has been both a starter and backup before, and he has two 900-plus-yards seasons under his belt (2016 and 2017).
Hyde entered the league with the San Francisco 49ers as a second-round pick back in the 2014 NFL Draft. Hyde signed a three-year deal with the Cleveland Browns, but they traded him for a fifth-round pick to Jacksonville after just six games. Hyde was part of Jacksonville’s cuts Friday, presumably to make room for the signing of quarterback Nick Foles when the league year starts next week.
The move to likely sign Hyde is not unexpected for Chiefs general manager Brett Veach. Veach has made somewhat of a habit (Reggie Ragland, Cameron Erving, Sammy Watkins) of acquiring top-round picks who he still believes can still play when they become available.
Hyde would provide affordable, experienced depth in the Chiefs running back room with potential for more.