Kyler Murray has been sidelined since Week 5, and he will not play again this season. Naturally, speculation continues to swirl about the former No. 1 pick’s future in Arizona. 
Murray’s contract runs through 2028; more importantly, it includes $36.8MM in guarantees for next season. Suitors will of course not be enthused about taking on that figure in the event of a trade, and it would come as no surprise if the Cardinals were to retain salary to facilitate a swap. Even so, a large market may not exist in this case.
Multiple executives informed Jeff Howe of The Athletic (subscription required) Murray is viewed as having little or no trade value at this point. The two-time Pro Bowler underperformed when on the field in 2025, his seventh season as a Cardinal. Murray has largely avoided lengthy absences in his career, aside from his 2023 ACL tear and the current ailment which will keep him sidelined until the offseason. His latest injury will no doubt hinder Arizona’s ability to receive any substantial value in a trade.
The Cardinals beat the Dolphins to the punch here, with momentum toward a separation from Murray emerging weeks before the Tua Tagovailoa benching. It would surprise if Murray did not land somewhere with at least a chance to start next year, but he has struggled to reprise his early-career form.
Murray, 28, was also not playing especially well in Kliff Kingsbury‘s system before suffering an ACL tear in December 2022. A two-time original-ballot Pro Bowler (2020, 2021), Murray ranked 19th in QBR before his tear that season. He ranked 22nd in 2023 and saw his QBR and yards-per-attempt numbers (46.6, 6.0) drop to career-low figures in his five-game 2025. That said, Murray did place ninth in QBR last season. And the Cardinals’ 8-9 record in 2024 has suddenly aged pretty well.
That said, Murray has also missed 30 games due to injury. He came up as a shutdown candidate well before it was determined the Cards were sticking with journeyman Jacoby Brissett. While it is worth wondering if Murray would be ready to go now had the Cardinals not taken the direction they have, he has missed 10 contests this season.
The diminutive dual-threat performer has made 87 starts since the Cards became the rare team to draft first-round QBs in back-to-back years. He commanded a five-year, $230.5MM extension — a deal framed around the Browns’ Deshaun Watson re-up (albeit without guarantees rivaling the embattled Cleveland arm) — in summer 2022. The extension featuring the early guarantee triggers has proven beneficial to the former top-10 MLB draftee. The Cardinals will need to move on before the fifth day of the 2026 league year, a date that brings another $19.5MM guarantee — this one covering 2027 money.
A handful of teams, per usual, will be looking for a quarterback soon. That should give Murray a chance. The Vikings and Jets surfaced as potentially interested parties weeks ago. If the Cardinals truly do not have a buyer, they would eat $53.26MM in dead money, a figure which would surely be halved via a post-June 1 designation. Tagovailoa’s dead cap hit ($99.2MM) dwarfs this, and both the Jets and Saints took on this much in parting with Aaron Rodgers and Derek Carr this year.
A free agent market would certainly emerge if Murray were jettisoned via release, but even considering the seven-year veteran’s inconsistency and injury issues, the QB supply-and-demand cycle will undoubtedly lead to teams showing some trade interest. With the mid-March vesting date, we still have a ways to go before finality on this topic surfaces.
Adam La Rose contributed to this post.