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3 Free Agents Who Got Overpaid for Their Services

JD KrugerCorrespondent IIJuly 28, 2011

3 Free Agents Who Got Overpaid for Their Services

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    We have all been yearning for a rookie cap for many years now, and we finally got it. With so many millions being cut from the contracts of young drafted players, veterans are looking to cash in. Even though the off season is still young, teams are showing little restraint in opening the checkbook.

    Some teams are looking to get bargains, while others are sparing no expense in getting the guys they want. So much so, that they end up over valuing a player and thus over spending to acquire those talents.

    With that said, here are three former free agents, who inked deals worth much more than their talents deserve.

Barry Cofield

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    Barry Cofield
    2010 Team: New York Giants
    2011 Team: Washington Redskins
    Contract Details: 6 years, $36 million ($12 million guaranteed)

    Cofield is a solid player who is theoretically still in his prime (27 yrs old) so it is hard to completely bash this signing, but I am going to try. The Redskins have yet to decide what or where they are going to have Cofield play, which makes you wonder their true motives for signing him.

    Did they want him because he is a talented player who can make a difference or did they sign him to assure that they would not have to line up against him twice a year? Either way, the Redskins are committed to Cofield for a relatively lengthy period of time. Washington is considering plugging Barry into the middle of their 3-4 defense, which makes little sense. It will be hard for Cofield to be a true 34 Nose at a stout 6 foot 4 and 310 pounds.

    The Redskins would be much better off aligning Cofield on one of the ends, but that does not solve their hole in the middle of the line. Part of me wants to believe that the Redskins just became infatuated with Cofield, and feel like they are more familiar with him than they really are. It would not surprise me if this Redskins experiment became a thirty-six million dollar mistake.

Sidney Rice

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    Sidney Rice
    2010 Team: Minnesota Vikings
    2011 Team: Seattle Seahawks
    Contract Details: 5 Years, $41 Million ($18.5 million guaranteed)

    Instead of making their own free agents a priority, the Seahawks decided to go out and sign themselves a pair of disgruntled Minnesota Vikings in QB Tarvaris Jackson and WR Sidney Rice.

    Forty million dollars is a lot of money to put into a (thus far) one year wonder. Rice has shown amazing potential and has a great combination of speed, size and a knack for going up and snatching the football out of the air. With Brett Favre as his trusty side-kick, Sidney set the league on fire for an entire season, helping lead the Vikings to an eventual defeat in the NFC Championship game.

    Since then, Rice has not been able to remain healthy as his former head coach (Brad Childress) questioned the timing of an off-season hip surgery and looked rather lackluster with an otherwise less explosive Vikings offense. This is a real boom or bust kind of contract for the Seahawks, and they very well could have just been bamboozled.

DeAngelo Williams

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    DeAngelo Williams
    2010 Team: Carolina Panthers
    2011 Team: Carolina Panthers
    Contract Details: 5 Years, $43 million ($21 million guaranteed)

    By far one of the worst signings of the off season thus far, the Panthers shocked us all by bringing back DeAngelo Williams.

    The deal places Williams amongst one of the richest RB contracts in the league, and what makes this even more surprising is how DeAngelo has finished the last two seasons. Williams has a history of being injury prone, and just came off the worst season of his young career, statistically speaking.

    Not only do the injuries worry you. Not only does the production worry you. But you have to ask why the Panthers felt the need to bring DeAngelo Williams back at such a steep price when they have a stable of able and willing running backs waiting in the wings.

    Jonathan Stewart started a little slow, but finished the season strong. Mike Goodson proved to be a competent starter in Williams’ absence. Often unheralded running back Tyrell Sutton has also proven his worth. He did not get many opportunities last year, but when he did, he made them count—running for 5.5 yards a carry and 5.8 yards per reception.

    As you can see, not only has he not been the same back he was in 2008, but the Panthers also have three suitable players to take his place. With all the facts set before them, it really boggles the mind as to why the Panthers went to the lengths they did to retain the services of DeAngelo Williams.  It’s hard to imagine the Panthers getting their moneys worth out of this extension.

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