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NFL free agency is a lot like thrift shopping: If you spend a lot of money, you’re probably doing it wrong. That will be our guiding principle as we look back at the last week and determine which teams are spending wisely versus which teams are just spending.
One note before we begin: The deals below will be listed by the real value of the contracts, not the numbers as widely reported. For example, Patriots tight end Jonnu Smith was reported as signing a four-year deal for $50 million. But when factoring in his guaranteed money and how contracts are often terminated when the non-guaranteed money runs out, his deal is closer to a three-year contract for $38 million. So be aware the numbers here may not be the figures you’ve seen elsewhere.
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James' World 2 
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