The Pats currently hold about $20M in cap space, without JC Jackson, McCourty, Hightower, Bentley, Collins, Trent Brown, Karras, James White, Hoyer, etc.
They put a lot of money on the 2022 cap - with Agholor $15M, Henry $15M, Judon $16.5M, Jonnu Smith $14M, Godchaux $10M. That's $70M for those five; none All Pro.
So the Patriots are going to have to pare back the roster to have a chance to improve. Agholor, Godchaux, and Van Noy each offer $5M in cap savings if they are cut.
Then, as so many have said, "they need a great draft." So does every team. The Patriots had a good draft in 21, they've had a bunch of very poor drafts for the past decade, and haven't had a great one in years. So relying on "let's have a great draft" as a strategy is tough.
Is this defense the #2 scoring defense in the league? Or a defense that can't get a stop against Indy, Miami, or Buffalo - only the COVID-decimated last place Jags? There are a lot of holes to fix on defense - a line that can stop the run, speed at LB, and replacing their #1 corner and safety.
They splurged bigtime on free agency; got the sour taste of missing the playoffs while Brady won another Super Bowl out of their mouth. But constrained themselves in 2022. They have a QB who outplayed all the other rookies, and seems dedicated to improving. That's the best long-term asset. I think the best thing to do is ensure they protect and develop Mac Jones - good OL, improved WR corps - and think long-term about improving the defense.
I'd resign Brown and Karras, keep Agholor, release Godchaux and Van Noy, and accept the departures of Jackson, Hightower, Bentley, and potentially McCourty. Then focus on WR, DL, CB, and LB in the draft.
If the Pats can go 10-7 or 9-8 with this team, and a big re-stock in 2023 (26 players currently signed), that puts Belichick in position to wrest the all-time wins record from Shula in four years, as Mac establishes himself as smart, experienced, accurate QB.