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Around the NFL: Free Agency News and Transactions

With the start of NFL free agency just three weeks away, many team are working to free-up cap space by restructuring the contracts of players and even signing them to new deals, while some are unfortunately getting heir contracts terminated.

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Free agent safety Kerry Rhodes says he hasn't retired and wants to play in 2014.

Rhodes spent the entire '14 season out of football, despite the fact that he was the No. 4 safety in 2012 with the Arizona Cardinalsaccording to PFF. With the Bengals potentially losing Chris Crocker and Taylor Mays to free agency, Rhodes is a name to watch for if the price is right.

The Washington Redskins have reached an agreement with cornerback DeAngelo Hall on a new four-year deal that will reportedly pay him an annual salary of about $5 million.

According to Pro Football Focus, Hall was the 49th-best (or worst, depending on how you look at it) cornerback in the NFL in 2013. Needless to say, the Redskins are staying true to form by overpaying for players, even though this signing is actually before free agency and not during it.

The Atlanta Falcons have released right guard Garrett Reynolds.

It saves them about $1 million in cap savings. Reynolds started 10 games  in 2013 before being benched in Week 12. Reynolds has made 42 career appearances, all with the Falcons. If the Bengals don't re-sign Mike Pollak, Reynolds could be someone the team eyes as his replacement to keep depth at guard.

Free agent left tackle Eugene Monroe said he's not open to giving the Baltimore Ravens any sort of hometown discount.

After the Ravens traded a fourth and fifth-round pick to acquire him form the Jacksonville Jaguars, Monroe graded-out as the Ravens' best offensive player via PFF. Their offensive line was a mess last year, and while Monroe was a bright spot, losing him and the draft picks to acquire him would be just another setback for a team trying to become a Super Bowl contender again.

Dan Pompei of the Chicago Tribune believes chances are slim that the Bears re-sign defensive lineman Corey Wootton.

Wootton played both tackle and end for the Bears last year, but will likely stick to playing end for whatever team signs him in free agency. He's someone else the Bengals could keep an eye on, but he'll likely get a contract that pays him like a starter, whereas the Bengals will only be looking to pay backup money.