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The New England Patriots Are Blowing Money Fast Like Rick Ross in Free Agency and Finally Have a Tight End!

3/15/2021

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From Free Agency Frenzy: The #Patriots are spending. pic.twitter.com/mJ9hksRG1n

— Ian Rapoport (@RapSheet) March 15, 2021
The new league year may not officially begin until Saint Patrick's Day, but we are deep into the "legal tampering period" where teams can announce signings of players they definitely hadn't made contact with until today.​

​Since losing Gronk to retirement, then trade, the Patriots have had hands down the worst tight end production in the league. Over the last two seasons, Patriot tight ends have the fewest receptions (55), receiving yards (673), targets (87), and receiving touchdowns (3) in the NFL (h/t ESPN). With third-round picks Devin Asiasi and Dalton Keane being question marks at best going forward, the Patriots will have stability at the position after making a huge splash to start free agency by addressing perhaps the biggest hole on this roster (tight end) giving the 2nd wealthiest free-agent contract in franchise history to former Tennessee Titans Tight End, Jonnu Smith.

Former Titans’ TE Jonnu Smith reached agreement with the Patriots on a 4–year, $50 million deals that includes $31.25 million fully guaranteed, @DrewJRosenhaus told ESPN.

— Adam Schefter (@AdamSchefter) March 15, 2021

WOW - Bill Belichick is spending the MOST he has EVER spent on a pass catcher!

average per year in Patriots history:

$12.5 M/yr: Jonnu Smith <<<<
$ 9.5 M/yr: Wes Welker (tag)
$ 9.0 M/yr: Randy Moss
$ 9.0 M/yr: Rob Gronkowski
$ 7.8 M/yr: Julian Edelman
$ 5.7 M/yr: Danny Amendola https://t.co/XGCPGpCvL4

— Warren Sharp (@SharpFootball) March 15, 2021
To the tune of "Bubbly" by Colbie Calliat,  "I think Bill's had his eyes on Jonnu for a while now".

Prior to the Patriots wildcard loss to Tennessee, Belichick complimented Jonnu Smith and dismissed the notion that he was more of a big receiver than a traditional tight end pic.twitter.com/BNhG3PbAI8

— Mark Daniels (@MarkDanielsPJ) March 15, 2021
After the team announced on Friday thatCam Newton is coming back on a one-year contact, the Patriots have signed one of the biggest names available in free agency; giving Cam that needed security blanket that this offense desperately missed last season. If you look at Smith's numbers over the last four seasons in Tennessee you aren't going to be blown away, but they don't tell the whole story. 
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Smith was the Titans second tight end behind Delanie Walker his first season and had five touchdowns in the first four games of this season before injuring his ankle. Once Taylor Lewan was lost for the season, Jonnu took on a bigger role in the run-blocking game. Smith helped lead the way to Derrick Henry's back-to-back rushing titles, including a 2000 yard season. Speaking of Lewan, he was singing Jonnu's praises as he leaves the Music City.

Best built TE in the game. Will block for you and is a stud at catching the ball! Enjoy, he will be missed in Tennessee

— Taylor Lewan (@TaylorLewan77) March 15, 2021
Look at what this man can do in space!

Jonnu Smith signs with the Patriots https://t.co/ib6k3JrCci pic.twitter.com/GPkxAE1GGI

— Boston Sports Info (@bostonsportsinf) March 15, 2021
​The amount of cap space the Patriots have while the rest of the league is forced to make tough decisions with the cap going down has been discussed ad nauseam this offseason, but it looks like the Pats going to be a GREAT spot financially going forward; even with the assumed risks of all these signings. 

I think part of why NE is spending so much also is because next year, once the cap bounces back, the contracts are going to be even MORE absurd. These deals feel high now but in 2022 they're about to skyrocket. This is a buyer's market for NE.

— Ethan Hammerman (@Ethanhamm) March 15, 2021
We knew they were going to reload, but they aren't wasting any time as three other signings have been announced while I've been working on this blog; addressing multiple areas of need.

Former Dolphins’ NT Davon Godchaux agrees with the Patriots on a 2-year deal worth up to $16 million that includes $9 million fully guaranteed, his agent @DrewJRosenhaus tells ESPN.

— Adam Schefter (@AdamSchefter) March 15, 2021

And the spending spree in Foxboro continues: Former Ravens’ LB Matt Judon reached agreement on a four-year, $56 million deal, including $32 million guaranteed with the New England Patriots, per sources.

— Adam Schefter (@AdamSchefter) March 15, 2021

Another move for the #Patriots. They’re adding DB Jalen Mills on a four-year, $24 million deal, source says. The former #Eagles corner and safety will take his versatility to Foxboro.

— Mike Garafolo (@MikeGarafolo) March 15, 2021
Once Drew Brees officially retired, the Saints, who have negative cap space signed Taysom Hill to a four-year $140 million deal that can be voided at any moment. It's pretty clear the salary cap can be manipulated. After historically being one of the most frugal teams in the NFL, the Patriots are going on a new money spending-spree.

Patriots have only spent $53.2 million in guaranteed money over the past three off-seasons (3rd-lowest)

They've already spent $52.8 million in guaranteed money this offseason □□ pic.twitter.com/K6CZgCpNiG

— PFF (@PFF) March 15, 2021
I am a little apprehensive about seeing the Patriot sign a "former Eagles DB" knowing how bad their secondary was, but it's exciting to see the Patriots be so aggressive on the Free Agent market for once, even if I wish they were doing while TB12 was located in Patriot Place.​

I think Jonnu Smith is going to be a monster in this offense and put up great numbers if he can stay healthy. I like adding Godchaux to help sure up a defensive line that got gashed by guys like Jeff Wilson last season. Matthew Judon does give me a little Adalius Thomas PTSD, but he instantly improves the Patriots pedestrian pass rush. No idea what to think about Jalen Mills, his PFF grade was okay, but like I said, Eagles DB scares me. It probably means Stephon Gilmore is getting traded. Hopefully, they can hold on to JC Jackson. I still expect to see the Patriots add a WR. Bill is buzzed and ready to spend!

The vehicle Bill Belichick drove to work today. pic.twitter.com/HMEZg6Lyu4

— Field Yates (@FieldYates) March 15, 2021
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