Robert Kraft on Patriots' offseason spending: 'Like investing in the stock market'

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For all of the talk about the New England Patriots’ free agency spending spree, the man ultimately footing the bill had been quiet.

But owner Robert Kraft opened up to NBC Sports about his team’s decision to make a splash on the open market this offseason while inking some of the richest deals in franchise history.

“In my 27 years as owner, I’ve never had to come up with so much capital before,” Kraft told the “Football Morning in America” column, published Monday.

The Patriots entered the market with the second-most cap space available in the league at a number that hovered around $70 million. That left them in an advantageous situation as other teams had to pinch pennies to be under the $182.5 million salary cap for 2021, a drop from the $198.2 million last season due to the financial implications of the pandemic.

“This year, instead of having 10 or 12 teams competing for most of the top players, there were only two or three,” Kraft said.

New England let offensive lineman Joe Thuney sign his own massive deal with the Kansas City Chiefs before bringing in pass-rusher Matthew Judon, nose tackle Davon Godchaux, tight ends Hunter Henry and Jonnu Smith and wide receiver Nelson Agholor.

Coach Bill Belichick and staff brought back quarterback Cam Newton on another one-year deal, and re-signed center David Andrews.

New England Patriots owner Robert Kraft on the field as his team warms up before the start of the game against the Buffalo Bills at Gillette Stadium.

In all, according to ESPN, the Patriots guaranteed at least $162.5 million to this 19-member free-agent class.

Of course, winning the offseason does not mean winning games. Kraft and Belichick recognize that.

“It’s like investing in the stock market,” Kraft said. “You take advantage of corrections and inefficiencies in the market when you can, and that’s what we did here. We’ll see. Nothing is guaranteed, and I’m very cognizant of that. But we’re not in the business to be in business. We’re in this business to win.”

Follow Chris Bumbaca on Twitter @BOOMbaca.

This article originally appeared on USA TODAY: New England Patriots offseason ‘like investing’, Robert Kraft says