5. Hunter Henry
Another member of the 2021 Patriots free agent spending spree who is now becoming a free agent as his three-year, $37.5 million deal expires. Prior to New England, Hunter Henry spent five seasons with the San Diego/Los Angeles Chargers. The tight end had the third-highest cap hit on New England's 2023 roster.
Henry had a strong 2023 campaign, especially once Bailey Zappe took over under center, catching three touchdowns in his last two games. Henry caught six touchdowns for the entire season.
He carried the load in that department, as New England only had 16 passing touchdowns for the entire season. Henry led the team in TDs and was second in scoring (behind only kicker Chad Ryland) and second on the team in receiving yards.
The Arkansas product is ranked as the 46th-best free agent and second-best tight end available during this cycle, according to Pro Football Focus. Henry will be entering free agency with an estimated average annual value of $7.5 million, per Spotrac.
His demonstrated ability to produce in the red zone this season should garner Henry interest on the open market, likely with a more successful team looking to upgrade at the position. He was tied for the second-most receiving touchdowns of any tight end this season, behind only Detroit's Sam LaPorta, who caught 10 scores.
Henry should have his eye on a playoff-caliber team where he can be a contributor, although he is still relatively young at 29, it would be surprising if New England spends what it will likely take to keep him in Foxborough.