NFL owners were operating like they had money to burn when teams could officially begin contacting agents for players with expiring contracts once the two-day negotiating window — a precursor to the start of free agency — opened Monday. Players collectively signed contracts worth $2.3 billion during the first eight hours of the negotiating period, per NFL.com.
The pendulum has swung in the other direction with the first wave of free agency over. It’s no longer a seller’s market. Teams are exercising more fiscal restraint and beginning to sign players at much better value.
The NFL’s annual owners meetings, scheduled for March 29-April 1 in Phoenix, typically signify the end of free agency for all practical purposes. Teams will devote most of their attention to the 2026 NFL Draft, which will be held April 23-25, after the meeting wraps up.
Here are 10 contract-related thoughts and observations from free agency and the early part of the offseason.
For more 2026 NFL free agency coverage:
1. The Opera Ain’t Over Until The Fat Lady Sings
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