The Jets and Jaguars have been the biggest spenders in NFL free agency

Nearly three weeks into the 2015 NFL free agency period and teams have combined to hand out $1.86 billion worth of contracts including $766.9 million in guaranteed money according to data collected by Spotrac.com.

The biggest spenders have been the Jacksonville Jaguars who have spent $172.5 million with their biggest signing being tight end Julius Thomas who received a 5-year, $46 million contract. The New York Jets are not far behind at $172.0 million.

Teams like the Jaguars are driven by a "minimum spend" rule that requires each team to have a payroll that takes up at least 89% of the salary cap. The amount of money spent by the Jaguars in free agency is more than the bottom ten teams ($161.1 million) combined.

BusinessInsider.com