Big Risks Taken in 2026 NFL Free Agency's First Wave

Introduction
The first wave of the 2026 NFL free agency period has concluded, unveiling a series of high-stakes deals that have left fans and analysts alike raising their eyebrows. As teams scramble to improve their rosters before the new league year officially begins, several signings have already emerged as potential pitfalls. Here’s a close look at some of the most notable moves that could backfire for the franchises involved.
High Stakes for the Dolphins
Terms: 3 years, $67.5 million with $45 million guaranteed
New Miami Dolphins head coach Jeff Hafley, formerly the defensive coordinator for the Green Bay Packers, has taken a bold step by acquiring quarterback Malik Willis. The 26-year-old former third-round pick showcased his potential with a stellar performance in the final games of the 2025 season, generating nine total touchdowns and achieving a remarkable 134.6 passer rating during limited action.
However, the risk associated with this deal is palpable. Willis, despite his promise, did little to secure a spot with the Tennessee Titans and was not the player the Packers could lean on instead of Jordan Love. With only three starts in the past three seasons, Miami’s commitment to Willis comes with considerable uncertainty. The most worrying prediction is that increased exposure could expose inconsistency, leaving him relegated to a backup role by 2028.
The New England Patriots' Gamble
Terms: 4 years, $80 million
In a bid to support their young quarterback Drake Maye, the New England Patriots have secured wide receiver Romeo Doubs. At only 25 years old, Doubs brings a respectable track record with 21 touchdowns over the past four years. However, the acquisition is fraught with concerns.
As a fourth-round pick from 2022, Doubs never solidified his position as the primary target with the Packers. His best season saw him net just 724 yards, trailing behind teammate Christian Watson in efficiency. Despite entering the elite club of receivers earning over $20 million annually, Doubs might not elevate the Patriots’ offense to the heights they hope for, raising questions about his long-term fit in New England.
Miami's Edge Rusher Dilemma
Terms: 4 years, $120 million with $80 million guaranteed
The Dolphins' acquisition of edge rusher Jaelan Phillips marks a significant investment, given his impressive performance in 2025 with a top-20 Pro Football Focus pass-rushing grade. However, Phillips has dealt with severe injury issues that limited his contributions during prior seasons. Critically, he managed only two sacks in eight games last year, leading to significant doubts about his ability to stay healthy and deliver consistent pressure.
Phillips is now among a select group of defensive players earning a $30 million annual average salary. Unfortunately, if he fails to live up to this lofty contract, it could signal the end of his big-money opportunities.
Las Vegas Raiders and Their Edge Enigma
Terms: 3 years, $48 million with $32 million guaranteed
As the Las Vegas Raiders sought to fill the gap left by Maxx Crosby, they turned to Kwity Paye, a former first-round draft pick from the Indianapolis Colts. While Paye has demonstrated relative durability throughout his five seasons in the league, his recent performance has been less than stellar. With back-to-back seasons of sub-60 PFF pass-rush grades, and never breaking the double-digit sack mark, there are considerable red flags attached to this deal.
As the Raiders look to make a playoff push, they may be taking a gamble that could backfire severely, especially with Paye turning 28 in the fall. Without adequate support on defense, he may struggle to make the impact required for a title run.
Tennessee Titans’ Defensive Strategy
Terms: 3 years, $58 million with $42 million guaranteed
As the Titans aim to bolster their defense, they have signed cornerback Paulson Adebo. Coming off a solid 2025 season, Adebo registered two interceptions and demonstrated versatility in coverage. However, upon closer inspection, his statistics reveal a troubling trend: he has allowed a passer rating of 104.9 over the last two seasons.
Despite being viewed as a pivotal addition to the secondary, Adebo's inability to become a reliable No. 1 corner raises doubts about whether he’s worth the elite contract. Given the Titans’ struggles in recent years, this could mark one of the last significant contracts Adebo receives.
Conclusion
The initial wave of NFL free agency in 2026 has brought a mix of excitement and trepidation as teams make bold moves in hopes of improving their rosters. While some deals entail substantial potential rewards, others carry significant risks that could haunt franchises in the years to come. As the new season approaches, the real test will be how these players adapt and perform under the weight of their hefty contracts.
