Arizona Cardinals sign WR Simi Fehoko

Simi Fehoko earns a C Contract Value Index (CVI) on this signing—a market-rate deal that reflects his depth-piece standing in the receiver room. At $1.4M AAV on a one-year pact, the Cardinals are paying replacement-level money for a fringe roster contributor, which is exactly what the math supports: there's no overpayment here, but there's also no surplus value being captured. For an offense rebuilding through the offseason with a 3-14 record and significant holes across the depth chart, this is the kind of low-risk, low-reward transaction that fills a roster spot without creating cap burden or dead money exposure. Fehoko operates as a reserve-caliber receiver, and Arizona is betting on either development upside or emergency depth—a reasonable calculation at this price point, though the one-year structure suggests the franchise views him as a camp body rather than part of a long-term solution. The CVI grade lands at C because there's no inefficiency to exploit: the contract is neither a steal nor a misstep, just pragmatic depth-building during the preseason window.