Titans, Packers wisely keeping cool in free agency

	New Titans GM Mike Reinfeldt has resisted paying big bucks to free agents. AP
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Tennessee general manager Mike Reinfeldt sits in Nashville with $26.5 million in cap room not burning a hole in his pocket. Green Bay GM Ted Thompson does the same with $21.8 million to spend in northeast Wisconsin. And through the mayhem of the first 10 days of free agency, the two guys who run the football side of those teams -- coincidentally, former roommates with the Houston Oilers -- are gritting their teeth, watching money get spent foolishly in some cases, and waiting for the market to simmer down.

Bully for them. I mean that, wholeheartedly. NFL teams entered the free agency market on March 2 with an average of $14.95 million per club to spend. As of Sunday evening, team spending had reduced that number to $10.80 million per franchise. Tennessee and Green Bay have the second- and fourth-most cap money left, but what makes them different is that, unlike their peers in the high-cap-money neighborhood, they haven't signed a sole free agent from another team since the market's been open.

The other day, the front-office mentor of both Reinfeldt and Thompson, former Packers GM Ron Wolf, was in Green Bay for the team's annual Fan Fest. Wolf, sitting in Thompson's office discussing the state of the game, playfully chided him for his inaction.

"I can't get him to do a deal!'' Wolf told me. "I just want him to do something.''

Then Wolf made it plain he wasn't serious. "This market's amazing," he said. "Al Johnson, what did he play last year? Seven plays? And he gets $7 million ... No, he didn't just play seven plays, but he didn't start. And the Vikings pay $7 million to [former backup Giants tight end Visanthe] Shiancoe? Amazing.''

He's right about the $7 million in 2007 money for Johnson, beaten out for the Dallas center job by Andre Gurode last year. But he understated the money for Shiancoe, who caught 35 balls (for a 7.2-yard average) in four years as Jeremy Shockey's backup. Minnesota will pay him, in bonus and salary, $8.2 million this year. Even in a spending spree like the one the NFL has seen in the last week and change, the Shiancoe deal has stunned people around the league. Stunned is putting it nicely. The Vikings are being belittled for spending so much on a guy who, even when he got the chance with Shockey hurt so much, never proved himself a remotely reliable receiver.

This is why, in the face of mounting pressure to do something -- anything -- I applaud guys like Reinfeldt and Thompson. New GM Jerry Reese of the Giants, too. Reese is getting killed on New York talk radio; and while I question why he acquired one burly back (220-pound Reuben Droughns) to backstop another (254-pound Brandon Jacobs), I appreciate how he's giving the market time to settle down after a key pre-market signing in center Shaun O'Hara.