Patriots set spending record for free agencies | New

After a tough season last year, the New England Patriots have gone on a spending spree this offseason, seeking out the players they think they need to bounce back and win another Super Bowl.

SPRINGFIELD, MA (WGGB / WSHM) – After a hectic season last year, the New England Patriots have been spending a spree this offseason, looking for the players they think they need to bounce back and win another Super Bowl.

Even with Cam Newton’s return to the squad, head coach Bill Belichick and owner Robert Kraft wasted neither time nor money getting the players they wanted for next season.

The staff moves come after the Patriots had a tough 7-9 season last year for the first time without longtime quarterback Tom Brady.

The Patriots are looking to rebuild, already spending more than $ 250 million on contracts on 15 independent players.

The team also broke the NFL record for the most guaranteed money spent on free agency. About $ 175 million of the $ 250 million they spent was used to acquire two top tight ends, a wide receiver and a defensive lineman – all positions that were on display last season.

Kraft explained the movements like this.

“It’s like investing in the stock market. You take advantage of corrections and inefficiencies in the market when you can, and that’s what we’ve done here. “

The coronavirus pandemic has also had an impact on the league’s revenue this year, with the salary cap declining for the first time in a decade. The cap was set at $ 198.2 million just over a year ago and now it has fallen to $ 182.5 million for the 2021 season. This has clearly had an impact on the free agency market. The Pats were well below that number and one of the few teams capable of recruiting multiple high-quality free agents.

Kraft emphasizes that nothing is guaranteed here. He said he doesn’t care about teams spending a lot of money in the offseason, so he’s very careful with this process.

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