Free agency: $5B spent
NFL teams have signed more than 450 players in this free‑agency window and spent north of $5 billion league‑wide — the Titans, Commanders and Raiders each topped $300 million in new contracts. (pff.com) This spending surge is already reshaping divisional power rankings and prompting hot takes on which teams overpaid vs. got bargains. (cbssports.com)
Trent McDuffie agreed to a four‑year, $124 million extension after being acquired by the Rams, resetting the cornerback market at roughly $31 million per year. (nfl.com) Carolina handed Jaelan Phillips a four‑year, $120 million pact with roughly $80 million guaranteed, a signing that made Phillips one of the highest‑paid edge defenders in this cycle. (nfl.com) Baltimore pivoted from a proposed Maxx Crosby trade to sign Trey Hendrickson to a reported four‑year, $112 million deal, a move counted as the Ravens’ primary big free‑agent splash. (espn.com) Washington signed Odafe Oweh to a four‑year, $100 million contract that included about $68 million guaranteed, a deal that several analysts have labeled an overpay relative to his track record. (nfl.com) Leaguewide tallies diverge by outlet, but Spotrac’s team breakdown shows the Raiders and Titans among the top spenders (roughly $281.5M and $279M, respectively), while aggregate tallies reported by ESPN/Adam Schefter put total free‑agency contract value above $5.8 billion with about $2.59 billion guaranteed. (spotrac.com) Multiple outlets updated divisional and league power rankings after these moves, with NFL.com moving the 49ers into the top five and CBS noting falloffs for the Patriots and Packers in post‑free‑agency division rankings. (nfl.com) Tennessee’s wave of signings — including Wan’Dale Robinson on a four‑year, $78 million deal and John Franklin‑Myers on a three‑year, $63 million contract — help explain the Titans’ heavy payroll push and the team’s reshaped outlook in the AFC South. (espn.com)
