I tend to believe most of the first day free agent signings are overpays. It seems like the rest of the league has changed though. They are being aggressive to fill a hole or two early in free agency and then look for value.
What is frustrating for Dallas is they have a new DC. Say what you want, but Quinn was good. Zimmer is going to prefer different type of players. I think it is safe to say we don't have the linebackers or DT that will be able to run his new system how he wants it.
On offense, we appear to have a real big hole at LT. While you may agree it may not be good business re-signing Smith to a large deal. Good luck trying to get comparable play from a JAG or even a first round draft pick. Same thing with Pollard. He was really average last year. That should have been expectant coming off an injury. He will probably be better next year. Not signing him is probably the right move but again Dallas wants to run the ball better. In a weak RB draft, is reaching for a RB and signing a backup really going to get us to rush the ball better?
I would have felt much better if they struck first on on of these players and then looked for value. We are in a position where we have a ton of spots to fill and limited draft picks. Another bad draft this season, and things will look real bleak. Show me a team with two bad drafts in a row, and I will show you a team on the downward spiral.