3. Michael Davis
Michael Davis had the highest 2023 cap hit of any Charger hitting free agency this offseason, and nothing about his play this year suggested he deserved that much — or any new contract in L.A. at all.
He had bounced back from a poor 2021 season with a strong showing in 2022, so it made sense to let him try to ride that momentum in the final year on his contract. But instead he regressed back to that 2021 level (and even further).
Davis was thrown at 89 times in coverage, per Pro-Football-Reference. He allowed a 65.2% completion percentage on those targets, and opposing quarterbacks had a whopping 119.2 passer rating when throwing at Davis in coverage.
For context, there have only been two quarterbacks in NFL history to top a 119.2 passer rating in a single season in NFL history. An average throw at Davis in coverage in 2023 was 2004 Peyton Manning levels of efficient. That is, as they say in the business, not good.
Davis should be getting a paycut on his next contract, but even still the Chargers aren't likely to bother trying to bring him back. He's just not worth taking up a spot on the 53-man roster.