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All 32 teams trimmed to 53 players on Sunday, and the first waiver claims process Monday with the Raiders holding the top spot in the order. Most of the churn is roster depth that never touches a fantasy lineup, but every cut and every survivor reshapes an opportunity somewhere. Here are the winners and losers that actually matter for your draft and your waiver list.
The biggest opportunity in the league sits in Green Bay. With Josh Jacobs opening the year on the commissioner's exempt list, the Packers have a lead-back-sized hole and no obvious every-week answer, which is the exact situation that makes late-round backs draftable. MarShawn Lloyd, the incumbent behind Jacobs, and Kaleb Johnson, acquired in a cutdown-weekend trade with Pittsburgh, both have a real path to early touches. A committee is the likeliest outcome to open the year, so the smart move is to roster the one you can get cheapest and hold both if you can.
Malik Davis Roschon JohnsonTwo other backs quietly locked down valuable No. 2 roles. Malik Davis survived Dallas cutdowns and sits behind Javonte Williams on the Cowboys depth chart, which makes him the direct handcuff to a lead back and a name worth a bench spot in deeper leagues. In Chicago, Roschon Johnson did the same behind D'Andre Swift after a strong preseason finale, cementing himself as the Bears' change-of-pace and short-yardage option. Neither is a weekly starter as things stand, but handcuffs to established lead backs are exactly the kind of late-round insurance that wins leagues when the starter goes down.
The flip side of Green Bay's opening is the player who created it. Josh Jacobs was drafted as a locked-in every-week RB1, and beginning the season on the exempt list means he cannot practice or play with no set return date. He has denied the allegations and this is a league procedure rather than a verdict, but the fantasy reality is that anyone who spent an early pick on him now needs a starting-caliber back instead of a hope that it clears quickly. Treat him as a stash, not a starter.
The cutdown also produced some genuine surprises. Tennessee released Will Levis, a former top-33 pick, a reminder of how quickly a quarterback can fall off a roster when the results do not follow. Elsewhere, a batch of veteran skill players lost their jobs entirely, with running back Deuce Vaughn released by Houston and wideouts Jalen Reagor and Terrace Marshall cut in Miami. None of those names carried real redraft value, but they are worth knowing if they resurface on a new team via waivers or the practice squad, where a change of scenery occasionally revives a depth piece.
Cutdown day is a waiver-and-late-round exercise, not a top-of-draft one. The single most actionable takeaway is the Green Bay backfield: with Jacobs out to open the year, MarShawn Lloyd and Kaleb Johnson are worth a real look in the last rounds of any draft still to come. Behind that, Malik Davis and Roschon Johnson are the kind of handcuffs that only matter until suddenly they matter a lot. See where all of them land now in the rankings, check the rookie rankings for the younger names, and run the reshuffled backfields through the best ball tool and the mock draft simulator before you set your board. For the full team-by-team list of who got cut, the CBS Sports roster tracker is the cleanest reference. Week 1 is almost here, and the rosters are finally real.