I was looking through a tick-tock (as in, a signing-by-signing rundown) of the FA signing binge, and it kind of tickled me to see right in the middle of all these 34m-guaranteed-over-4-years (etc.) deals...
Wednesday, March 17
1:52 p.m.: The Patriots place a second-round tender of $3.38 million on restricted free-agent
J.C. Jackson.
I have to thank New GM Biffins for getting me to look up the spree. It brings up the question of perspective.
The Patriots came up with a rebuilding strategy based on one year's cap implications. You can see how much they were spending in guaranteed money, and how much they are spending up front*. They are buying during a market dominated by a rare severe dip in NFL revenues.
*meaning, guaranteeing up front, whenever it comes due. They're spending in 2021 dollars is the point. Those might be deflated vs. future years, even accounting for the usual amount of cap inflation, because this year we saw the almost unheard of phenomenon of cap deflation.
Dip in revenues = lower cap. Lower cap means all teams will have less to spend this year relative to future years, barring equivalently depressed earnings. That means that right now, if you're buying years of guys in their most productive years, you're buying low. It's a multi-year stragegy, buying a lot of guys for 3-4 years, giving them what they want - the guarantee - and leveraging that desire against what the Patriots need, a rebuild done in today's dollars. Because they did this over two dozen acquisitions (some short term, some rehires for the short term, many longer-term gambles,) they're somewhat protected against the boom-or-bust phenomenon. But yeah, it could all flop. Has it yet? I don't think so.
The deeper game -- looking at a comparison of what money is worth this year vs. next, 2 years from now, 4 years from now -- is at least intriguing to me. I'd say it's darn likely to look good down the road, but we're not down the road yet.
As to whether we blow up the stadium because waaaaaaah Gilmore was good in 2019, sounds like something the checkers-players say while the chess players are doing their thing.
A little anecdote. Mrs. P and I went to the Ravens game in Baltimore in 2008 - the "blueprint game." Mrs. P got sick and we ended up walking out of the stadium and seeing it at a bar. Effin' tragic. Anyhoo that's not the anecdote. The anecdote is, there's some Baltimoron screaming about how of course the Pats win everything, they just buy all the players.
He was evidently unaware that all the teams not only play by the same rules, they spend to the same cap.
It seems like "terrible GM" Bill Belichick simultaneously makes the worst and the best moves,
every time, of anybody in the league, depending on whether it's the other team's fans (so good he must be cheating) or our own (so terrible it's a miracle our guys can lace up their cleats.)
Truth is, it's money, football, and probability, and he seems to have a decent track record at those things.
oops, edit. The Ravens game in 2007, duh.