This year, they have a ton of cap space, so they'll be able to make big splashes again if they really want.
As far as I'm concerned, the Titans' needs are as follows, in order of importance: defensive end, center, free safety, guard, strong safety, fullback, weakside linebacker, cornerback, wide receiver depth.
Even if the Titans land a starter at these positions with every pick that they have in the draft (which is very unlikely), then they still have two spots they have to fill. They simply can't do it all through the draft.
That said, they also can't bring in a veteran free agent for every position either, because no one has that much money. So, obviously, they have to do a little of both if they want to stay competitive next season.
So, which of these needs are better served through the draft, and which are better fixed in free agency? Here's my take.