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Which NFL Teams Spent the Most in Free Agency?

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NFL free agency began on March 18, just as the coronavirus outbreak was building across the country. As a result, team executives have been forced to make crucial decisions from their homes.

The quarantine, however, has been the only unfamiliar aspect of the period — football fans still are experiencing the same drama they’ve come to expect every year. From Tom Brady joining the Tampa Bay Buccaneers to Todd Gurley signing with the Atlanta Falcons after being cut unexpectedly by the Los Angeles Rams, NFL fans have seen plenty of action during this year’s free agency period.

With many notable moves already accounted for, GOBankingRates looked at how much each NFL team has spent on free agents this offseason. As of April 21, teams had signed an average of nine free agents, with the total value of those deals averaging more than $73 million per team. However, the variance between the top-spending teams and lowest-spending teams might surprise you.

It’s important to note that GOBankingRates gathered these numbers before the NFL Draft was held April 23-25, so there’s a good chance your team additionally has signed a handful of undrafted free agents. Find out how many veteran players the richest NFL teams have picked up this offseason.

Pictured: Patrick Mahomes

Last updated: May 5, 2020

John Hefti/AP / Shutterstock.com

San Francisco 49ers

  • Number of free agents signed: 6
  • Combined value of free agent contracts: $6.20 million
  • Total amount of fully guaranteed money for free agents$1.30 million
  • 2020 cap hit from free agent signings: $6.15 million

Pictured: Laken Tomlinson

Reed Hoffmann/AP / Shutterstock.com

Kansas City Chiefs

  • Number of free agents signed: 8
  • Combined value of free agent contracts: $10.69 million
  • Total amount of fully guaranteed money for free agents: $8.50 million
  • 2020 cap hit from free agent signings: $8.52 million

Pictured: Travis Kelce

Gail Burton/AP / Shutterstock.com

Baltimore Ravens

  • Number of free agents signed: 6
  • Combined value of free agent contracts: $11.03 million
  • Total amount of fully guaranteed money for free agents$7.76 million
  • 2020 cap hit from free agent signings: $9.35 million

Pictured: Earl Thomas

Dave Shopland/BPI / Shutterstock.com

New England Patriots

  • Number of free agents signed: 6
  • Combined value of free agent contracts: $17.95 million
  • Total amount of fully guaranteed money for free agents$6.74 million
  • 2020 cap hit from free agent signings: $9.74 million

Pictured: Julian Edelman

Tennessee Titans

  • Number of free agents signed: 7
  • Combined value of free agent contracts: $19.09 million
  • Total amount of fully guaranteed money for free agents$14.18 million
  • 2020 cap hit from free agent signings: $18.45 million

Pictured: Taylor Lewan

Don Wright/AP / Shutterstock.com

Pittsburgh Steelers

  • Number of free agents signed: 5
  • Combined value of free agent contracts: $26.18 million
  • Total amount of fully guaranteed money for free agents$8.63 million
  • 2020 cap hit from free agent signings: $8.40 million

Pictured: Ben Roethlisberger

Mike Roemer/AP / Shutterstock.com

Green Bay Packers

  • Number of free agents signed: 4
  • Combined value of free agent contracts: $28.75 million
  • Total amount of fully guaranteed money for free agents$11.80 million
  • 2020 cap hit from free agent signings: $14.33 million

Pictured: Za’Darius Smith

Chris Szagola/AP / Shutterstock.com

Seattle Seahawks

  • Number of free agents signed: 9
  • Combined value of free agent contracts: $31.59 million
  • Total amount of fully guaranteed money for free agents$18.43 million
  • 2020 cap hit from free agent signings: $20.91 million

Pictured: Bobby Wagner

Stephen B Morton/AP / Shutterstock.com

Indianapolis Colts

  • Number of free agents signed: 6
  • Combined value of free agent contracts: $32.96 million
  • Total amount of fully guaranteed money for free agents$27.70 million
  • 2020 cap hit from free agent signings: $32.56 million

Pictured: Jacoby Brissett

Dave Shopland/BPI / Shutterstock.com

Philadelphia Eagles

  • Number of free agents signed: 4
  • Combined value of free agent contracts: $42.90 million
  • Total amount of fully guaranteed money for free agents$27.98 million
  • 2020 cap hit from free agent signings: $7.17 million

Pictured: Carson Wentz

Bill Feig/AP / Shutterstock.com

Minnesota Vikings

  • Number of free agents signed: 8
  • Combined value of free agent contracts: $43.05 million
  • Total amount of fully guaranteed money for free agents$15.13 million
  • 2020 cap hit from free agent signings: $12.71 million

Pictured: Kirk Cousins

Manny Flores/CSM / Shutterstock.com

Dallas Cowboys

  • Number of free agents signed: 11
  • Combined value of free agent contracts: $52.53 million
  • Total amount of fully guaranteed money for free agents$19.16 million
  • 2020 cap hit from free agent signings: $20.02 million

Pictured: Michael Gallup

AP / Shutterstock.com

Atlanta Falcons

  • Number of free agents signed: 8
  • Combined value of free agent contracts: $56.60 million
  • Total amount of fully guaranteed money for free agents$29.05 million
  • 2020 cap hit from free agent signings: $17.19 million

Pictured: Matt Schaub

Trask Smith/CS / Shutterstock.com

Houston Texans

  • Number of free agents signed: 8
  • Combined value of free agent contracts: $56.84 million
  • Total amount of fully guaranteed money for free agents$30.04 million
  • 2020 cap hit from free agent signings: $16.70 million

Pictured: Deshaun Watson

Mark J Terrill/AP / Shutterstock.com

Arizona Cardinals

  • Number of free agents signed: 11
  • Combined value of free agent contracts: $64.06 million
  • Total amount of fully guaranteed money for free agents$28.58 million
  • 2020 cap hit from free agent signings: $15.83 million

Pictured: Kyler Murray

Reed Hoffmann/AP / Shutterstock.com

Los Angeles Chargers

  • Number of free agents signed: 5
  • Combined value of free agent contracts: $66.12 million
  • Total amount of fully guaranteed money for free agents: $38.55 million
  • 2020 cap hit from free agent signings: $17.75 million

Pictured: Hunter Henry

Jeff Haynes/AP / Shutterstock.com

Tampa Bay Buccaneers

  • Number of free agents signed: 9
  • Combined value of free agent contracts: $67.55 million
  • Total amount of fully guaranteed money for free agents$62.63 million
  • 2020 cap hit from free agent signings: $41.95 million

Pictured: Shaquil Barrett

Mark J Terrill/AP / Shutterstock.com

Los Angeles Rams

  • Number of free agents signed: 5
  • Combined value of free agent contracts: $81.83 million
  • Total amount of fully guaranteed money for free agents: $39.50 million
  • 2020 cap hit from free agent signings: $18.73 million

Pictured: Cooper Kupp

Jack Dempsey/AP / Shutterstock.com

Denver Broncos

  • Number of free agents signed: 9
  • Combined value of free agent contracts: $84.24 million
  • Total amount of fully guaranteed money for free agents$45.93 million
  • 2020 cap hit from free agent signings: $24.64 million

Pictured: Von Miller

Susan Walsh/AP / Shutterstock.com

Washington Redskins

  • Number of free agents signed: 16
  • Combined value of free agent contracts: $88.52 million
  • Total amount of fully guaranteed money for free agents$28.34 million
  • 2020 cap hit from free agent signings: $31.43 million

Pictured: Adrian Peterson

David Dermer/AP / Shutterstock.com

New York Jets

  • Number of free agents signed: 13
  • Combined value of free agent contracts: $89.45 million
  • Total amount of fully guaranteed money for free agents$42.64 million
  • 2020 cap hit from free agent signings: $34.90 million

Pictured: Le’Veon Bell

Phelan M Ebenhack/AP / Shutterstock.com

Jacksonville Jaguars

  • Number of free agents signed: 9
  • Combined value of free agent contracts: $89.73 million
  • Total amount of fully guaranteed money for free agents: $38.76 million
  • 2020 cap hit from free agent signings: $20.37 million

Pictured: Josh Allen

Jeffrey T Barnes/AP / Shutterstock.com

Buffalo Bills

  • Number of free agents signed: 11
  • Combined value of free agent contracts: $96.56 million
  • Total amount of fully guaranteed money for free agents$43.43 million
  • 2020 cap hit from free agent signings: $45.93 million

Pictured: Mitch Morse

Damon Tarver/CSM / Shutterstock.com

Chicago Bears

  • Number of free agents signed: 13
  • Combined value of free agent contracts: $97.14 million
  • Total amount of fully guaranteed money for free agents$42.64 million
  • 2020 cap hit from free agent signings: $21.49 million

Pictured: Khalil Mack

Rich Schultz/AP / Shutterstock.com

New York Giants

  • Number of free agents signed: 12
  • Combined value of free agent contracts: $99.02 million
  • Total amount of fully guaranteed money for free agents$61.21 million
  • 2020 cap hit from free agent signings: $51.38 million

Pictured: Nate Solder

AP / Shutterstock.com

Carolina Panthers

  • Number of free agents signed: 12
  • Combined value of free agent contracts: $120.63 million
  • Total amount of fully guaranteed money for free agents$58.39 million
  • 2020 cap hit from free agent signings: $44.82 million

Pictured: Kawann Short

Butch Dill/AP / Shutterstock.com

New Orleans Saints

  • Number of free agents signed: 10
  • Combined value of free agent contracts: $120.95 million
  • Total amount of fully guaranteed money for free agents$52.02 million
  • 2020 cap hit from free agent signings: $17.73 million

Pictured: Drew Brees

chara_stagram / Shutterstock.com

Las Vegas Raiders

  • Number of free agents signed: 15
  • Combined value of free agent contracts: $123.53 million
  • Total amount of fully guaranteed money for free agents$68.06 million
  • 2020 cap hit from free agent signings: $54.18 million

Pictured: Allegiant Stadium in Las Vegas

Ross D Franklin/AP / Shutterstock.com

Cleveland Browns

  • Number of free agents signed: 12
  • Combined value of free agent contracts: $124.26 million
  • Total amount of fully guaranteed money for free agents: $68.50 million
  • 2020 cap hit from free agent signings: $31.31 million

Pictured: Odell Beckham Jr.

Bryan Woolston/AP / Shutterstock.com

Cincinnati Bengals

  • Number of free agents signed: 10
  • Combined value of free agent contracts: $131.90 million
  • Total amount of fully guaranteed money for free agents: $41.05 million
  • 2020 cap hit from free agent signings: $37.11 million

Pictured: Joe Mixon

Paul Sancya/AP / Shutterstock.com

Detroit Lions

  • Number of free agents signed: 15
  • Combined value of free agent contracts: $138.23 million
  • Total amount of fully guaranteed money for free agents$66.11 million
  • 2020 cap hit from free agent signings: $39.54 million

Pictured: Trey Flowers

Charles Krupa/AP / Shutterstock.com

Miami Dolphins

  • Number of free agents signed: 11
  • Combined value of free agent contracts: $235.95 million
  • Total amount of fully guaranteed money for free agents: $123.45 million
  • 2020 cap hit from free agent signings: $59.01 million

Pictured: DeVante Parker

More From GOBankingRates

Methodology: GOBankingRates used Spotrac’s 2020 NFL free agents data to find out which teams have spent the most in free agency this offseason. GOBankingRates looked at every team’s 2020 free agent signings through April 21, 2020. Under this criteria, GOBankingRates analyzed each team’s free agent signings in terms of (1) years of contract; (2) total dollar amount of the contract; (3) average annual value of the contract found by dividing total dollar amount by the number of years in the contract; (4) total guaranteed money from the contract; (5) fully guaranteed money at the signing of the contract; and (6) the 2020 cap hit for each free agent contract. The six factors were combined for all free agent signings for each team to produce the final totals. All data was collected on and up to date as of April 21, 2020.