I am wondering if Wolf is keeping his cash held for after the draft - they’ll know what positions they still need help at after having made their picks, and other teams will be cutting veterans that they no longer need because of players they drafted (or offering them in trade).
There’s always a small flurry of free agency activity after the draft. Their deals so far are largely for 1 year, so if they draft a rookie that can replace that player by next year with some development then they’re not on the hook with any wasted cash. It seems clear that they view their salary cap space as a tool with which to primarily extend their own drafted talent, and talent from other teams is secondary, but when you have gaps this big on offense you do need to bend that principle a bit. I think they’d spring for a real WR1 (they tried on Ridley, but only so far - which I’m fine with) and they’d probably pay Higgins or Aiyuk, but the trade comp to get them would likely be a contentious point. Also might have to wait til after the draft when this year’s picks no longer exist, so a 2025 pick is now the best the Bengals or 49ers can get. Of course, the Pats may have drafted a WR they love by then, anyway.