Seymour and Moss weren't free agents, they were traded. I agree with Gata, Bill has been great at determining when to let free agents go, with the exceptions being Asante Samuel, who I wanted gone anyway, and Danny Woodhead, whose absence wouldn't have been felt as much had Vereen been able to stay healthy.
I do think Edelman replaced Welker effectively last season. Keep in mind that 2013 Edelman vs. 2007-2012 Welker isn't an apples to apples comparison, because Welker was a cog in a much more effective offense, while Edelman had to be the man in an inconsistent, unimpressive offense. Welker had Moss, Gronk, Hernandez, and Woodhead playing with him most of the time, while Edelman had Gronk for a couple games, Vereen for a couple games, and an effective Dobson for a couple games, and that's it. Even though I'm still of the opinion that Edelman is closer to JAG than superstar, the guy played his ass off last season, and I don't think it's fair to say that Welker would have greatly outproduced him if he had Edelman's role in the offense last season.
Edelman is a solid guy, and he had chances with exactly what Welker had 4 different seasons, but only produced sometimes. He's an injury machine, and not quite as impressive as Welker. People always want to make comparisons and call him a "system guy", and while I'm glad he's gone since he's old for a guy who relies on his speed on a once busted knee, I would take him any day over Amendola and even still Edelman.
You also mention "had vereen been healthy", look at the guys track record. It's the same damn thing as amendola or hell even Edelman, it's a MASSIVE if when you take into account what he's dealt with his entire career. That's like signing Bob Sanders as your only safety. Who was their backup plan? Leon Washington, he really kicked ass for the pats.
You're crazy. Belichick's track record for cutting bait with players then they are never heard from again or never play at the level they did with the Pats is stellar. Prior to Asante there were like zero of them..
I agree that most haven't gone on to do great things (or anything), that's not my point. My point is that they've let them go and failed to replace them.