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“Used to make fun of people who won the headlines in March”: New England Patriots CEO Robert Kraft speaks on Spending Spree in Free Agency

Arth Chandra
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New England Patriots

For 20 years the New England Patriots have been conservative at best during Free Agency. But after breaking the record for most guaranteed money spent in Free Agency, Robert Kraft was excited and described the approach as strategic.

Rob Kraft purchased the team in 1994 for $172M. Across the 19 free agents that the Patriots signed in 2021, they have already dealt over $162M. And with deals still to be announced and accounted for, the number is only going to be higher.

The highest guaranteed money contracts were given to former Baltimore Ravens linebacker Matthew Judon ($32 million), former Tennessee Titans tight end Jonnu Smith ($31.25 million) and former Los Angeles Chargers tight end Hunter Henry ($25 million).

A barrage of favorable circumstances fell in the lap of the Patriots in 2021. Thus unlike years prior, the Pats were in a unique position and took complete advantage of it.

Robert Kraft said the New England Patriots Over-The-Top Spending Was a Calculated Bet

“It’s like investing in the stock market,” Kraft said, according to the “Football Morning In America” column. “You take advantage of corrections and inefficiencies in the market when you can, and that’s what we did here. We’ll see. Nothing is guaranteed, and I’m very cognizant of that. But we’re not in the business to be in business. We’re in this business to win.”

Robert Kraft explained that the abundance of cap space, which was an uncommon occurrence for the Patriots, was the driving force behind the spending. Kraft added “Instead of having 10 or 12 teams competing for most of the top players, there were only two or three” — a result of the NFL’s salary cap having dropped from $198.2 million to $182.5 million because of the coronavirus pandemic.

Kraft also spoke to MMQB’s Albert Breer that,” I just want to compliment our staff, our organization, Bill, all the scouting and personnel people, for a real team effort. Look, we’re not going to know till the fall—we always used to make fun of the people who won the headlines in March—but here I believe we really improved our team.”

The New England Patriots lucked out with how things played out in Free Agency in 2021. Spending money in March is uncharacteristic for the Pats, but could pay off after their recent draft misses.

Teams that win in March, usually spend January on their couch. However, it won’t be a surprise to see Rob Kraft and the Patriots break that stereotype in 2021.

Also Read: “Me and Playoff Lenny gonna work this out”: Antonio Brown hints at Tampa Bay Buccaneers return for him and Leonard Fournette in 2021. 

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