Well we have made it through day 1 with some big action, mainly involving tackles and a very late signing of Jairus Byrd by the New Orleans Saints.
One thing that stood out to me, other than maybe the Byrd deal (which we dont have the particulars on as I write this), is that the salary cap increase meant little in terms of increased pay. After the Sam Shields and Everson Griffen contract extensions free agency looked poised to explode. But right away it pretty much fizzled in terms of total dollar amount. None of the cornerbacks looked to be able to break the $10 million barrier, showing a stagnant market that might make a difficult situation for Darrelle Revis, who really wants to keep his $16 million a year deal. The highest paid tackles are still trailing D’Brickashaw Ferguson of the Jets, who signed his $10 million a year deal in 2010 and is the one double digit APY player that tackles can at least try to point to as a deal that can be surpassed.
Maybe things will change but it sure looks like the NFL will be using the $10 million increase to cover for the fact that the QB position eats up too much salary and that the teams need to just build depth rather than have multiple top 5 paid players. We’ll see how that shakes out today.
I’ll be attempting to keep up with some of the new deals today and you can find links to all the new contracts we were able to get so far by viewing our 2014 Free Agent Contracts page on the right menu. We’ll definitely have a major update later tonight so if you only check out OTC one time today that is the page to check.
Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.