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Free Agency Hits and Misses Football
FILE - Denver Broncos head coach Sean Payton addresses the media after an NFL football game against the Detroit Lions, Saturday, Dec. 16, 2023, in Detroit. According to the Spotrac website, NFL teams handed out more than $3.3 billion in contracts last offseason with nearly half of that money fully guaranteed at signing. The six biggest spenders last offseason all missed the postseason led by Denver committing more than $250 million in contracts only to miss the playoffs for the eighth straight season after going 8-9 in coach Sean Payton's first season. (AP Photo/David Dermer, File)

Last year's free agent frenzy offers both hope and caution for NFL teams

NFL teams are set to dole out billions in free agent contracts in the coming weeks as teams around the league hope that bold moves in March will pay off with wins on the field once the season starts

By JOSH DUBOW
Published - Mar 05, 2024, 02:51 PM ET
Last Updated - Mar 05, 2024, 02:51 PM EST

NFL teams are set to dole out billions in free agent contracts in the coming weeks as teams around the league hope that bold moves in March will pay off with wins on the field once the season starts.

But in a league with a sharp aging curve and specific systems that don't suit all players those dollars spent don't guarantee success.

According to the Spotrac website, NFL teams handed out more than $3.3 billion in contracts last offseason with nearly half of that money fully guaranteed at signing.

The biggest spenders were far from the biggest winners in the season as signing expensive free agents is typically not the best way to turn around a team.

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