You should really look at Miguel's information because they aren't as tight against the cap as you think. Miguel mentioned they could easily free up more than enough to TAG Jackson and put RFA tenders on Meyers, Johnson and Olszewski.
17.8M isn't "all that cap space" when you consider that the top 3 salaries are over 19M.
The MASSIVE problem with your thinking is that Jackson IS a top 5 CB in the league. The stats prove it. The Patriots don't have anyone on the roster who could take over as the #1 CB. Their depth at CB is wanting. Williams made some strides this season, but hasn't shown he can take over on a regular basis on the outside. Wade is an UNKNOWN. The Patriots don't have a ton of draft capital this year, currently only having 6 picks and with no Comp picks heading their way. They have too many OTHER holes that need to be addressed. And that money isn't going to do it.
They need to replace Bentley, HT and Collins. Preferably Van Noy as well. They need to replace Davis and Anderson as well. They have a hole at either RT or LG to fix depending on what they do with Michel Onwenu.
Now, you're probably thinking that I just made your case. Well, that's not correct. Because when you look at what's available in Free Agency at those positions, there aren't a lot of upgrades (if any) there that can be gotten on the cheap. Hell, the drop off is pretty large from Jackson to other CBs who are available for the price they'd be available for.
All that being said, I've believed that they would get a long term deal done. I've stated a few times that I felt anywhere from 4/$65M - 5/90M would get it done. Especially if they gave him guarantees in the 66% of the contract range.
I appreciate the thoughtful response. And I don’t necessarily disagree with all, or even any, of your points. From my perspective, here is my concern:
- lots of restructuring of contracts can be done, but are there any players you’d be willing to risk potential excess future dead money over if they don’t work out? I think Mills is the one guy I’d do it with in a heartbeat, he was everything they expected and then some. Judon? We have ri be really certain that his fall off as both a pass rusher and run defender was circumstance related and not him coming back down to earth.
Agholor? Not sure if he performed well enough to warrant that future risk. Henry? Possibly, I suppose.
- the other thing is these restructuring will take away from the 2023 cap (which is plentiful now), and I’d wonder if they would rather use the 2023 cap on newer in-their-prime players at that time after one more offseason of reloading through the draft?
- JC certainly played like a top tier QB for much of the year. But they also stopped playing man coverage as much toward the end, and JC had his worst game against Buffalo. Maybe the lack of man coverage was the lack of any capable CBs once Jones was out and Mills went on COVID. Plus the Dugger injury impacting the entire secondary. If that’s the case, then great. I just wonder if Bill didn’t fully trust JC, and if his Buffalo game only validated that lack of trust?
- As you note, they do have a lot of holes. Maybe Bill thinks someone is undervalued and improperly utilized now in FA. Big thing is I think Bill wants to ensure he doesn’t have any holes on the roster, rather than maximizing the top tier talent at certain positions. Meaning, he’d like JC, but given the choice he’d rather sign 2 cheap CBs and a cheap LB than just JC, to ensure teams don’t salivate and target players like Ross, Bryant, and Williams when they’re out there.
Just my opinion though. As I said, your argument is very sound. It all comes down to Bill’s view of Jackson’s abilities versus other alternatives. I hope you’re right.