All kidding aside, there is a difference between not being in debt, and spending in a "splurge" that still does not put you in debt, and foundering every year, throwing more money at big names than even they would expect, and letting them go in a couple years.
We shouldn't buy into the "Pats are cheap" mantra any more than the Pats themselves do. They just don't spend stupidly. This year's offseason kings of "whoops" are the Texans. It's the kind of WTF display that makes you glad your FO is staffed by pros instead of clueless desperate amateurs.
This "spree," to date, leaves us still well under the cap. Without getting into the wisdom of spending at the outset of a period of high inflation (my own pet theory,) I'm pretty impressed not just that the team is reloading significantly, but with how they're doing it.
just my .02,
PFnV