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Ranking the free-agent spending of all 32 NFL teams

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McCarthy: We focus on improving from within (1:18)

Packers coach Mike McCarthy addresses how his team improves in other ways not including through free agency, and says that WR Jordy Nelson, "looks better than ever," and that he is ahead of schedule in his recovery. (1:18)

The dust has all but settled in the free-agent frenzy, so let's take a look at the teams who have spent the most -- and least -- so far.

Note: All figures from the Roster Management System, as of March 21 at noon ET. This is a ranking of the guaranteed money every team has given out in signings, re-signings and extensions since the new league year began on March 9. These figures do not include money taken on in trades or deals that were signed before the new league year began.

ARI | ATL | BAL | BUF | CAR | CHI | CIN | CLE | DAL | DEN | DET | GB | HOU | IND | JAC | KC | LA | MIA | MIN | NE | NO | NYG | NYJ | OAK | PHI | PIT | SD | SF | SEA | TB | TEN | WAS

1. New York Giants

Guaranteed money spent: $106.3 million

No team has spent like the Giants since free agency started. Not even close, actually. The Giants' $106.3 million outlay of guaranteed money so far this offseason is 42 percent higher than that of the next-spendiest team. They shelled out monster deals for cornerback Janoris Jenkins, defensive end Olivier Vernon and defensive tackle Damon Harrison in an effort to upgrade a defense that ranked last in the league in 2015. The Giants still have holes on that side of the ball, as well as on the offensive line, but there's no doubt that their strategy was to pay premium prices for the guys they wanted, and they were able to get them all. -- Dan Graziano

2. Jacksonville Jaguars

Guaranteed money spent: $74.4 million

The Jaguars gave out the second-most guaranteed money in the NFL, led by the franchise-record $42 million given to defensive tackle Malik Jackson and $12 million given to safety Tashaun Gipson. Only the Giants gave out more, thanks largely to the $52.2 million they gave to Vernon, whom the Jaguars also pursued but backed out when the bidding got too high. -- Mike DiRocco

3. Oakland Raiders

Guaranteed money spent: $70.7 million

The Raiders were huge spenders this offseason, doling out more than $70 million to plug big holes on offense and defense. They made a big splash in signing offensive lineman Kelechi Osemele, linebacker/defensive end Bruce Irvin and cornerback Sean Smith, while re-signing left tackle Donald Penn. -- Paul Gutierrez

4. Houston Texans

Guaranteed money spent: $65.1 million

The Texans spent uncharacteristically this year, giving out lots of guaranteed money. It helped them fill some offensive needs, primarily the most important position in sports -- quarterback Brock Osweiler received $37 million guaranteed. They hope this gives them some consistency at the position for the first time since the height of Matt Schaub's career. -- Tania Ganguli

5. Philadelphia Eagles

Guaranteed money spent: $59.2 million

The Eagles handed out the fifth-highest total of guaranteed money in the NFL. It's worth pointing out, though, that trading running back DeMarco Murray and cornerback Byron Maxwell took about $26 million worth of guaranteed money off the Eagles' books. With the way the new deals for guard Brandon Brooks, safety Rodney McLeod and others are structured, the Eagles' 2016 salary-cap obligations are pretty much the same as 2015. -- Phil Sheridan

6. Atlanta Falcons

Guaranteed money spent: $53.3 million

A huge chunk of the Falcons' guaranteed money -- $28,500,000, to be exact -- went into the acquisition of three-time Pro Bowl center Alex Mack. People will question giving wide receiver Mohamed Sanu $6.5 million per year and $14 million guaranteed until Sanu proves his worth on the field. He is motivated to silence the doubters, however. -- Vaughn McClure

7. Tampa Bay Buccaneers

Guaranteed money spent: $50 million

The Bucs were patient in free agency, signing only two players on the first day, but they still rank seventh in guaranteed money given out. The bulk went to two players: running back Doug Martin ($15 million) and guard J.R. Sweezy ($14.5 million), both of whom signed on the first day of free agency. -- Mike DiRocco

8. Chicago Bears

Guaranteed money spent: $38.7 million

The Bears were selective in free agency, but they still spent more than $38 million in guaranteed money. Chicago's biggest expense, inside linebacker Danny Trevathan, scored $12 million guaranteed over the life of his four-year contract. But the Bears also handed out sizable guarantees to right tackle Bobby Massie ($6.5 million), inside linebacker Jerrell Freeman ($6 million), defensive lineman Akiem Hicks ($5.5 million), cornerback Tracy Porter ($4.25 million) and tight end Zach Miller ($3 million). -- Jeff Dickerson

9. New England Patriots

Guaranteed money spent: $38.1 million

The Patriots' total ranks high, but it's a bit misleading because $30 million of it comes from quarterback Tom Brady's contract extension. While Brady will be 39 on Aug. 3, that still seems like a sound investment. Otherwise, the club has picked its spots carefully. -- Mike Reiss

10. Kansas City Chiefs

Guaranteed money spent: $36.9 million

The Chiefs were big spenders with regard to guaranteed money they've handed out in new contracts. They've given more than $36 million in guaranteed money since the start of the new league year, most of it going to offensive tackle Mitchell Schwartz ($15 million), linebacker Derrick Johnson ($9.75 million) and defensive lineman Jaye Howard ($8.26 million). This doesn't include guaranteed money for two players signed before the start of the league year, tight end Travis Kelce ($20 million) and linebacker Tamba Hali ($11.5 million). -- Adam Teicher

11. San Diego Chargers

Guaranteed money spent: $36.2 million

The Chargers have been sensible spenders through the first two weeks of free agency, giving out the most guaranteed money to wide receiver Travis Benjamin ($13 million). San Diego still has about $14 million in salary-cap space, so general manager Tom Telesco can make some mid-level free-agent signings in order to fill holes in the lead-up to April's draft. -- Eric D. Williams

12. Detroit Lions

Guaranteed money spent: $35.1 million

The Lions were active during free agency, but they didn't drop a ton of cash during the period with the biggest deal coming from the signings of wide receiver Marvin Jones and defensive tackle Haloti Ngata. Other than that, Detroit put together a lot of mid-to-low range deals with a lot of incentives tied into playing time and Pro Bowls. That could cost Detroit more down the road, but that's OK for the Lions because it would also mean better-than-expected production for Detroit's players. -- Michael Rothstein

13. Seattle Seahawks

Guaranteed money spent: $23.4 million

The Seahawks haven't made one big splash, but they have made tweaks to their roster in free agency. The bulk of the guaranteed money given out went into re-signing their own players: cornerback Jeremy Lane, wide receiver Jermaine Kearse and defensive tackle Ahtyba Rubin. Pete Carroll said after last season that he wanted the core of the roster back. While the Seahawks have lost four starters, it's clear that their focus has been on retaining some of their key pieces. -- Sheil Kapadia

14. Baltimore Ravens

Guaranteed money spent: $22 million

The Ravens were proactive in trying to rebound from a five-win season, spending $22 million in guaranteed money in free agency. It's a much different approach than previous years; Baltimore spent $6.95 million in guaranteed money last year at this time, in comparison. The Ravens upgraded significantly this offseason by signing safety Eric Weddle, tight end Ben Watson and wide receiver Mike Wallace. -- Jamison Hensley

15. New Orleans Saints

Guaranteed money spent: $19.9 million

The Saints are right in the middle of the pack in free-agent spending, which is typical since they like to be aggressive in free agency but rarely have much cap space. The bigger surprise is that they spent most of their money on offense, giving tight end Coby Fleener a fully guaranteed $14.6 million. They later added linebackers James Laurinaitis and Nate Stupar. -- Mike Triplett

16. Tennessee Titans

Guaranteed money spent: $16.5 million

The Titans have given out more than $16 million in new guarantees in signings and re-signings, but it doesn't count the money taken on in a new deal with running back DeMarco Murray in a trade. They gave up just 14 spots in the fourth round for Murray, and gave him $15.25 million guaranteed in his four-year deal. Add that in, and the Titans move from 16th to 13th. New expenditures don't necessarily correlate with wins, no matter how excited fans become. The Titans are well ahead of the Colts but well behind the Jaguars and Texans in this category. -- Paul Kuharsky

17. Minnesota Vikings

Guaranteed money spent: $16.2 million

The Vikings, as they usually are, were selective in free agency, choosing to spend only on areas in which they felt they needed an immediate boost. This year, that meant the offensive line; the Vikings gave $10 million guaranteed to Alex Boone and guaranteed $1 million of Andre Smith's $3.5 million deal. -- Ben Goessling

18. New York Jets

Guaranteed money spent: $15.2 million

The Jets doled out more than $15 million in guarantees to rebuild their backfield, re-signing Bilal Powell and adding Matt Forte and Khiry Robinson. They also added defensive linemen Steve McLendon and Jarvis Jenkins. New York needed McLendon to replace departed nose tackle Damon Harrison, but Jenkins seems like a luxury, considering the Jets' tight cap situation and holes at other positions. -- Rich Cimini

19. Denver Broncos

Guaranteed money spent: $14 million

The Broncos, as expected, weren't among the big spenders early in free agency. They didn't have a lot of salary-cap room when free agency opened and had signed defensive end Derek Wolfe to an extension in January that included a $7.5 million signing bonus to go with a possible guaranteed $17.5 million overall in the deal. So, those two things are reflected in their work so far when they signed offensive tackles Russell Okung and Donald Stephenson to go with matching running back C.J. Anderson's four-year, $18 million offer sheet from the Dolphins. -- Jeff Legwold

20. Los Angeles Rams

Guaranteed money spent: $13.6 million

The Rams haven't been big spenders in terms of guaranteed money despite the number of players they have re-signed. Los Angeles followed through on its plan to spend the bulk of its ample salary-cap space on retaining its own free agents and handed out lucrative deals to end William Hayes and linebacker Mark Barron, as well as using the franchise tag on cornerback Trumaine Johnson. But the Rams have also kept the amount of guaranteed money to a minimum, offering them more flexibility moving forward. -- Nick Wagoner

21. Dallas Cowboys

Guaranteed money spent: $13.5 million

Before free agency began, the Cowboys said they were not going to be big players, and they have held true to their word. The most money went to defensive tackle Cedric Thornton, who received $6 million guaranteed. He has another $3 million guaranteed in next season's base salary if he is on the roster the fifth day of the league year. While a lot of things with the Cowboys are extravagant, from their stadium to their new practice facility, Stephen Jones has another word to describe the Cowboys' free-agency plan: efficient. -- Todd Archer

22. Miami Dolphins

Guaranteed money spent: $11.9 million

For the first time in several years, the Dolphins elected to be judicious with their free-agent spending. They spent just $11.9 million in guaranteed money so far, with the biggest guarantee going to safety Isa Abdul-Quddus ($6 million). Big-ticket items haven't produced more victories, so Miami is trying the opposite approach. -- James Walker

23. Arizona Cardinals

Guaranteed money spent: $11 million

As has become their M.O. under general manager Steve Keim, the Cardinals have become more selective in free agency as Keim's tenure has progressed. This year, they spent $11 million in guaranteed money in free agency, which ranks in the lower third of the league. Arizona has made it a point to focus on building its roster through the draft rather than in free agency, instead using the open market to fill specific holes, such as safety with Tyvon Branch this year. But a good portion of the Cards' money went to re-signing their own players, too. -- Josh Weinfuss

24. Cincinnati Bengals

Guaranteed money spent: $9.3 million

It should come as no surprise that the Bengals were in the lower tier of teams with respect to the guaranteed money handed out so far in free agency. If you follow Cincinnati's contract structure closely, you know the organization doesn't typically award massive guarantees. That's mainly because the Bengals demonstrate a contract loyalty not often seen in the league. Rather than cut star players or restructure contracts mid-stream, they typically frontload deals with comparatively lower guarantees, while also keeping players for the full life of the deal. This year's low guarantee total is also a product of the lack of re-signing key players at high-earning positions like quarterback, receiver or pass-rusher. -- Coley Harvey

25. Washington Redskins

Guaranteed money spent: $7.4 million

The Redskins are near the bottom when it comes to spending and handing out guaranteed money in free agency. How odd is that sentence? Their focus is keeping the cap under control, in part because they have several players' contracts up after next season -- Kirk Cousins, Junior Galette, DeSean Jackson, Chris Baker, Jordan Reed and Pierre Garcon -- who might be expensive to re-sign. Also, their guaranteed money does not reflect two extensions completed last summer for Ryan Kerrigan and Trent Williams. -- John Keim

26. Pittsburgh Steelers

Guaranteed money spent: $6.7 million

The Steelers got business done with several players despite minimal guarantees. Much of their guaranteed money given out belongs to new tight end Ladarius Green. Re-signing cornerback William Gay, guard Ramon Foster and others required modest long-term commitments. Pittsburgh keeps the money low by not chasing big free agents and re-signing their key players well before the open market hits. -- Jeremy Fowler

27. Cleveland Browns

Guaranteed money spent: $5.1 million

The Browns never planned to be big spenders in free agency, and they're following the plan. The bulk of the money they have given out went to inside linebacker Demario Davis, who could wind up as the team's big-money free agent; he was guaranteed $4.1 million. Cleveland, however, lost four starters on the first day of free agency and cut linebacker Karlos Dansby last week. -- Pat McManamon

28. Carolina Panthers

Guaranteed money spent: $3.7 million

Only four teams have spent less in guaranteed money than the Panthers have in free agency. This is no surprise. General manager Dave Gettleman has a reputation for being a bargain shopper in free agency, even when he has money in the bank. He'd prefer spending that money on locking up core players he has drafted. His biggest and best move in free agency was the release and then re-signing of defensive end Charles Johnson, who went from counting $15 million against the 2016 cap before his release to $2,562,500. None of his one-year, $3 million deal is guaranteed. -- David Newton

29. San Francisco 49ers

Guaranteed money spent: $3.1 million

The 49ers have done little in terms of free agency, and the relative lack of guaranteed money doled out reflects as much. Kicker Phil Dawson was guaranteed $3.1 million, while the guaranteed money for guard Zane Beadles, who came over from the Jaguars, is not yet known. -- Paul Gutierrez

30. Green Bay Packers

Guaranteed money spent: $3 million

The only guaranteed money the Packers have handed out since free agency opened went to two players: running back James Starks and outside linebacker Nick Perry. Each got $1.5 million guaranteed in the form of a signing bonus. While it puts the Packers near the bottom of the league in terms of free-agent spending, it's worth noting that they re-signed four other players before free agency opened: Mike Daniels, Letroy Guion, Mason Crosby and Lane Taylor. That foursome combined for $18.1 million guaranteed (including $12 million for Daniels and $5 million for Crosby). -- Rob Demovsky

31. Indianapolis Colts

Guaranteed money spent: $500,000

It's not surprising that the Colts are next-to-last in the NFL with guaranteed money handed out. Owner Jim Irsay, general manager Ryan Grigson and coach Chuck Pagano said they weren't going to be aggressive in spending money after they were one of the most active teams on the market last year. Many of those moves didn't pan out. The Colts are focusing on building their roster through the draft. -- Mike Wells

32. Buffalo Bills

Guaranteed money spent: $80,000

The Bills have spent just $80,000 in guaranteed money since free agency began March 9, a product of two factors: their ability to re-sign guard Richie Incognito and offensive tackle Cordy Glenn prior to the official start of free agency, and their lack of cap space resulting from those moves. The Bills have signed just two free agents -- tight end Jim Dray and safety Robert Blanton -- and both deals have been for the veteran minimum. -- Mike Rodak