The NFL free agency signing period opened yesterday with three of the biggest names on the list quickly signing with new teams. With the collective bargaining agreement set to expire at the end of the 2011 season and with 2010 expected to be played uncapped, it was the Bears, Giants and Dolphins showing no fear wading into the free agency waters and making a splash.
The Bears struck first with the biggest name on the market in Carolina Panthers DE Julius Peppers. With Chicago Bears coach Lovie Smith and the executive team on the hot seat, the conservative Bears opened their wallets to save their own hides. Despite being on the north side of 30, Peppers was showered with a six-year deal worth up to $91.5 million, with $42 million guaranteed. Taking advantage of the uncapped season, the Bears loaded $20 million into the first season of the contract. The Bears were very busy yesterday, also signing Vikings RB Chester Taylor and San Diego TE Brandon Manumaleuna.
It’s do or die in the Windy City.
A similar atmosphere loomed in the Meadowlands yesterday, with the New York Giants scrambling to fill holes in a defense that went from being the best in the NFL to the worst in the NFL in the middle of one season. With gaping holes at linebacker and safety, the Giants will likely address these areas of need in both the free agency signing period and at the draft. With a treasure trove of linebackers in the draft, the Giants passed on Arizona LB Karlos Dansby and signed his teammate, S Antrel Rolle, fresh off his first Pro Bowl since converting from cornerback.
Rolle was released by the Cardinals last week in a salary dump move. Rolle was due a $3 million roster bonus as well as an $8 million salary for the final season of his contract. The Giants were quick to swoop in and pick up the top safety on the market and make him the highest paid safety in NFL history. The deal is a five-year contract worth $37 million, of which $15 million is guaranteed.
After losing out on Rolle, the Miami Dolphins targeted Dansby to fill the hole left by the departure of the talented malcontent LB Joey Porter. Dansby is the first change made under new defensive coordinator Mike Nolan to fix a defense that melted under pressure and caused the Dolphins to miss out on back-to-back playoff appearances. Dansby was awarded a five year deal worth $43 million, with $22 million guaranteed.
The first day of free agency was marked by defense, defense, defense. Outside of the Baltimore Raven’s trade for Anquan Boldin, very little news occurred on that side of the ball. Expect to see momentum pick up on offensive signings in the next few days.

