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Overall, there have been some moderately interesting cuts this offseason, and it just increases the depth of talent in the crapshoot that is free agency.
If I had to categorize the classes of free agents now and rank them I would say our priority should be...
1) Patriots free agents
2) Released free agents
3) UFAs
Maybe I'm being overly conservative, but I still have compensation picks for 2014 in the back of my mind as a way to recoup some of the lost mid round picks in the various trades we made in the last couple years. No one on the UFA market blows me away more than a guy who has been recently cut. Maybe you get one guy, DRC or Reed or Kenny Phillips. But we're probably going to lose out on Vollmer, and maybe Talib, and those two could sign for contracts that would award us decent comp picks, should we not find UFAs we love. Arrington and Thomas might go elsewhere and we can move on from them and survive, too.
But everybody out there is in the same ballpark. I think some smart signings of cut guys, coupled with bringing back some of our FAs, coupled with smart drafting and somehow grabbing a couple more Day 2 picks, and rolling over some of our $$ to next year, and the Pats are in great shape.
Disagree with your philosophy, not the part about signing Pats FAs but end of 3rd (at best) and later picks in 2014 who might turn out to be backups or developmental guys in 2015 are so low on my and I hope BB's priority list vs signing the best FAs available this spring that can come in and fix obvious deficiencies the 2013 squad.