The New England Patriots no longer hold the frivolous title for guaranteed money spent in a single offseason. Bill Belichick set a new high in 2021 when he brought in a massive haul of talent through free agency, with the Patriots offering $163 million in guaranteed money to their incoming free agents. It’s a bit of an ignominious title, with free agency spending proving somewhat disconnected with on-field success.
Lucky for Belichick and the Jacksonville Jaguars, the Patriots didn’t hold the title for long. The Jags spent $175.3 million in guaranteed money on free agents during the 2022 offseason. That’s a new record.