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Football Outsiders: Did the Giants overpay in free agency?

It’s a well-known maxim in NFL free agency that teams always overpay to acquire free agents.

And for the most part, that’s been proven true, particularly when teams are signing big-name free agents at the top of the market. There can be deals and tremendous value to be found in free agents who hit the open market due to a numbers game or a poor scheme fit on their previous team.

That, however, is not what the New York Giants did over the course of the 2021 free agency period. While the Giants were considered cash-strapped (at roughly $8 million over the salary cap) and therefore unlikely to make any (or many) major moves, they turned out to be one of the most active — and splashy — teams in the NFL.