I think they have essentially the same payroll (and salary cap) they had when they went all the way.
The offense is underacheiving a bit, but that's not the real problem. Basically, the secondary is very weak due to injuries, and the pass rush hasn't lived up to it's reputation enough to cover for it.
There are 31 other teams in the NFL, and none of them saw fit to give Amani Toomer a job, so I'm not sure he'd be such a valuable asset. I can see the argument for Ward, but he and Jacobs were both free agents, and the team had to keep only one of them. Given that Ward and Bradshaw are similar players, I think the decision they made made sense, although Jacobs is not currently playing well. I don't have a problem with the money they gave Eli - he has been a Super Bowl MVP, and is in the prime of his career, and you pay guys like that. And I was perfectly happy with the offense until the last two games, which have not been good. But two games isn't so many. Unlike you, I do not forsee the team turning into the Detroit Lions the rest of the season.
Toomer had a great career. It ends for everybody eventually. I'm surprised he couldn't land a job, since he was still a decent player last year. But I've seen guys pushed out of the league who had more left (Phil Simms comes to mind).
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The offense is underacheiving a bit, but that's not the real problem. Basically, the secondary is very weak due to injuries, and the pass rush hasn't lived up to it's reputation enough to cover for it.
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