Ted Thompson likely got done with his top priority this offseason when he resigned cornerback Sam Shields to a 4 year deal worth a total of $39 million. At the time, reactions were rather mixed; many national writers who don’t cover the Packers specifically probably didn’t know too much about Shields and as a result many were taken aback by the size of the contract. Few writers even predicted that it would set the pace for free agent signings, and contracts were going to be sizably bigger than previous years; so far this has yet to pan out and likely won’t.
For Packers beat writers, the response was a lot more subdued, while Shields did receive a hefty contract, there were times where Shields was obviously the best cornerback on the team and considering Ted Thompson almost never gets suckered in free agency (mostly because you can’t lose when you don’t play), Packers beat writers just assumed that Thompson likely got good value for a player who had other options.
So how much did the Packers really “overpay” for Shields? Now that free agency is fully underway, I’ve compiled a list of the top free agent cornerback additions and compared the contracts they received with that the contract Shields received. PFF 3 stands for the 3 year average of that player’s grades from ProFootballFocus while PFF+ is the best season that player recorded in the last 3 years. Before we start, I’ve intentionally left out perhaps the biggest free agent cornerback, Darrelle Revis, who was recently cut by the Tampa Bay Buccaneers and signed by the New England Patriots 4 hours later with a 1 year $12 million deal with a purported $10 million guaranteed.
My primary reason for leaving Revis out is his contract demands and penchant for holding out are well known and therefore his contracts have always been unusual for a cornerback, starting from holding out as a rookie to get a bigger contract than his draft slot, holding out again with multiple years left on his rookie contract, and of course the bizarre contract he signed with the Buccaneers which netted him $16 million yearly but with 0 guaranteed money. Simply put every once in a while there is a player that defies convention and logic and teams typically disregard these contracts when trying to establish fair value; Mario Williams, Ndamukong Suh and Tony Romo’s contracts are prime examples of contracts gone awry and not actual market value of a player.