Not quite.
1.) This is when the bargains come. I don't know if you follow MLB, but their free agency period was the first in this year's economy. Some guys were signed within the first few weeks, but the majority of mid level guys weren't because owner's weren't willing to overpay for players with the economic difficulties. After a lull period, the free agents were forced to bring their prices down and very good players were signed for cheap. I believe this is what will happen in the NFL. In another few days or so, you'll see some free agents being forced to significantly drop their price tags, and that's where the cheap owners like Ralph come swooping in
2.) There are still some good players left all over that can help teams, such as Mike Goff, Kendall Simmons, Cato June, Dewayne Robertson, Jason Taylor, Leigh Bodden, Dre Bly, Marvin Harrison, Freddy Keiaho, Bertrand Berry, Angelo Crowell, Mike Peterson, Terrell Owens, Pete Kendall... one could go on all day. These aren't all stars by any means, but they are good players who can definitely contribute, especially for a team like us who needs a few spot starters.