Saints sign CB Champ Bailey (2 years, $7 million): A- Grade
This is a very good signing. Sure, Champ Bailey struggled this past season and was torched in a playoff loss the preceding January, but he was pretty banged up in 2013. He's capable of rebounding and playing like a solid No. 2 cornerback at the very least, though it's almost certain that we'll never see the old Bailey again.

Of course, there's a chance that Bailey will continue to struggle. If so, who cares? The Saints gave him a pretty small contract worth $7 million over two seasons, so they're not risking very much. This is a savvy move for a team trying hard to win now.