Happy new league year to you and yours! At 4 p.m. ET on Wednesday, the NFL commenced the new league year, signaling that all the agreements made in principle during the recent legal negotiation period can now be executed officially. This also means that trades—such as DK Metcalf heading to the Pittsburgh Steelers—can be finalized. The activity across the league is ramping up.

While earlier agreements take center stage, it’s Day 3 of free agency. The day started moderately quiet, but there were still significant movements, including the New York Jets preparing to cut quarterback Aaron Rodgers, thus enabling him to seek a new team. The Denver Broncos addressed a crucial gap in their roster.

Below, we’ll examine the notable winners and losers from Day 3 of free agency and the onset of the new league year.

Winner: Denver Broncos and Evan Engram

The Denver Broncos filled a significant need on the first day of the new league year by signing veteran tight end Evan Engram to a two-year deal. After a season that saw minimal production from the tight end position, adding a player with the potential for 100 catches will boost their offense immensely. This is a golden opportunity for Engram to secure a key role within Sean Payton’s scheme.

Loser: Pittsburgh Steelers

It seems like a quiet day as Aaron Rodgers’ camp has yielded no decisions yet. The New York Jets are reportedly preparing to cut the four-time MVP. This uncertainty is detrimental for both the Steelers and the New York Giants.

However, it’s especially concerning for Pittsburgh as their quarterback choices without Rodgers are dwindling. They’ve already lost Justin Fields to the Jets, and Russell Wilson is checking out potential visits. Should Wilson decide to join the Browns or Giants, the Steelers’ options would be reduced to Rodgers alone, leaving them in a precarious situation.