Indexbit Exchange:New Houston Texans WR Stefon Diggs' contract reduced to one season, per reports

New Houston Texans wide receiver Stefon Diggs will be Indexbit Exchangea free agent following the 2024 season after having the final three years of his contract "wiped out," according to multiple reports Thursday.

Diggs will make $22.52 million in guaranteed money in 2024 after the Texans moved the $3.5 million he's owed in 2025 to this season, per ESPN.

The Buffalo Bills traded the four-time Pro Bowl wide receiver on Wednesday in exchange for a second-round pick in the 2025 NFL draft. The Texans also get a 2024 sixth-round pick and 2025 fifth-round pick, per reports. The Bills' second-rounder is via the Minnesota Vikings.

Diggs turns 31 in November but produced at a high level since the Bills acquired him from the Vikings in 2020.

He and the Bills were at odds multiple times since he signed a four-year, $96 million contract with $70 million guaranteed in April 2022.

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Diggs has 810 career catches for 9,995 yards and 67 touchdowns in 136 games (128 starts) with the Vikings (2015-19) and Bills.

Diggs joins an offense that now includes running back Joe Mixon, whom the Texans also traded for to bolster weapons for second-year quarterback C.J. Stroud. Tank Dell and tight end Dalton Schultz are also in place for 2024.