1. Jacksonville Jaguars

The Jaguars didn’t have a lot of money to work with, but losing three of their starters, two of whom were top players on their side of the ball, is not an ideal start to free agency. They then re-signed their own cornerback Montaric Brown to a three-year deal worth up to $33 million dollars, a severe overpay in my opinion. They didn’t sign any one else who is projected to start for them, so they are essentially just running back the team from last year, without two of their top guys in Travis Etienne and Devin Lloyd, and then whoever they decide to draft in April. Etienne signed with the Saints, and the Jaguars replaced him with Chris Rodriguez, who has never been a full-time starter in his career. They seem to have faith in Bhayshul Tuten to take over Etienne’s role. They also lost Devin Lloyd, who was their best player on the defensive side of the ball, not named Josh Hines-Allen. The Jaguars GM said that the team let these players go in order to get third and fourth-round compensation picks in the 2027 draft, which is a unique strategy to say the least. Overall, the Jaguars lost key pieces who were the core of a team that played well this season, and didn’t do anything in an attempt to replace them. 

2. Green Bay Packers

The Packers were in a relatively tough spot heading into free agency, but I don’t think they did a good job upgrading a roster that clearly needed help. They lost a ton of key free agents this offseason, and I think they overpaid for some of the guys they brought in. Look, you were never going to nor should have paid Malik Willis, so I have no issue with letting him walk. However, failing to re-sign guys on offense like Rasheed Walker and Romeo Doubs, who were quality starters for them the past few seasons, really hurts. That, combined with losing Quay Walker and two starting cornerbacks for their defense, really hurts. You could argue those corners weren’t very productive and I’d agree, but they don’t have any real good guys behind them and brought in a lack-luster Benjamin St. Juste. Green Bay did replace Quay Walker in a trade with the Colts for Zaire Franklin, but Franklin is coming off of a disappointing season and doesn’t seem to be an upgrade at linebacker. They also traded Rashaan Gary to the Cowboys for a fourth-round pick, which I didn’t think was terrible value, but they don’t have a great pass rush with Parsons likely missing the beginning of the season. Overall, the Packers downgraded at multiple positions and didn’t seem to really upgrade at any spots either. They don’t have their first round pick in this year’s draft either, not an ideal offseason for Green Bay. 

3. Denver Broncos

The Broncos, up until yesterday, did not acquire any new players and were essentially running back last year's team minus key pass rusher John Franklin Myers and starting linebacker Dre Greenlaw. While they did make the AFC Championship and lose that game without their starting quarterback, I’m not sure adding anything through free agency was the best way to try to get back there. That being said, they did trade their first-round pick and third-round pick for Jaylen Waddle and a fourth-round pick swap. Even though the pick is the thirtieth overall and Waddle is a good player, I don’t think Denver got the better end of that deal. Giving up a late one plus their third round pick doesn’t seem worth it for a player who has never shown to be a productive number one receiver in an offense. This does help upgrade their offense and gives them a much more reliable deep threat, but the value to me here was for Miami, and I think they severely overpaid. Overall, Denver’s lack of activity in free agency, mixed with giving up two of their top three picks in the draft for their likely wide receiver two, makes them one of the biggest losers heading into April.