Key Additions: LT Branden Albert (five years, $47 million), RB Knowshon Moreno (one year, $3.275 million), CB Cortland Finnegan (two years, $11 million), DT Earl Mitchell (four years, $16 million), OG Shelley Smith (two years, $5.5 million), FS Louis Delmas (one year, $3.5 million), DT Randy Starks (re-signed, two years, $10 million)
Key Losses: DT Paul Soliai (Atlanta), CB Nolan Carroll (Philadelphia), FS Chris Clemons (Houston), CB Dimitri Patterson (New York Jets), OG Richie Incognito
Still At Large: OT Bryant McKinnie, TE Dustin Keller, OT Tyson Clabo
Last season provided the latest example of why "winning" free agency means little, and it came from the Miami Dolphins.
Perhaps in a bid to save his job, general manager Jeff Ireland went big in free agency, a spending spree featuring more expensive downgrades at linebacker, a $60 million No. 2 receiver as the crown jewel and a minimal attempt to fix a floundering offensive line.
The team was one win better, and Ireland was shown the door.
Despite all that money shelled out last offseason, however, the Dolphins were well positioned to spend this season. They entered free agency with one of the healthiest cap situations in the league, and new general manager Dennis Hickey went to work to improve the roster.
On paper, Hickey did just that at a couple of positions of big need.
Miami's offensive line has been rather offensive in recent years, punctuated by the 58 sacks quarterback Ryan Tannehill suffered last year. One of the goals of this offseason was to improve that line, and Miami did just that by signing Branden Albert to protect Tannehill's blind side.
Albert didn't come cheap, however, and the Dolphins may have overpaid a bit to get a solid-but-unspectacular player. Regardless, he represents a massive upgrade.
The Dolphins were also able to retain Randy Starks, one half of a nice duo in the middle of that defensive line. Starks re-signed for $10 million, a bargain when compared to his departed partner, Paul Soliai, who signed a big five-year deal with the Falcons.
Soliai's big presence will be missed, but perhaps not so much if Earl Mitchell can fill his shoes.
Elsewhere, the Dolphins are hoping Cortland Finnegan can bounce back from an injury-marred 2013 and become a leader in a soft secondary. It was a bit rich to sign a 30-year-old declining cornerback, though.
Perhaps the best deal Miami made was with Knowshon Moreno, who was a victim of a poor running back market. Moreno is a decent upgrade at the running back position for the Dolphins, and he signed on for a meager $3.5 million.
Free Agency Grade: B