Signing free agents is a double-edged sword.
For every party involved in the signing, there's a winner and a loser. Sometimes it may be difficult to determine the two and there may be more than one loser involved, but a free-agency signing will impact several parties.
The obvious choice is to say that a team that signed a big-name player is the winner and the team that could not hold that player is the loser. But it's not always that simple.
Here's our look at the winners and losers from the biggest signings in free agency.
(All contract and salary information is courtesy of CapGeek.com)