Guys we should agree on the following.... (because I think its the truth

)
1. Deon Branch at about $1,25MM+/year is under paid
2. Deon Branch is not an elite receiver.
3. Deon Branch IS a very good receiver and the best one on the Pats roster.
4. The Pats are willing to greatly increase Branch's contract.
5. The Pats are unwilling to pay him as a top 10 WR.
6 Those people who are saying...."just pay him".... are unrealistic (there I'm trying to say it as nicely as possible). On a team like the Pats, you cannot possibly overpay a player of less than proven superstar talent at a key position. It would completely upset the entire salary structure. Fortunately Branch is neither a proven superstar, nor is he playing what the Pats perceive as a key position.
7.The fact remains, that regardless of what the Pats decide to do, Branch is sure to be there for at least 90% of training camp, and to do his best for 2006 season. We agree he is sure to be an effective (if healthy) WR this season, .
Those are the facts. here are some suppositions
1. The Pats may decide to redo his contract to give him an extra million this season to show good faith and increase his contract closer to his actual worth ala Richard Seymour. (especially if they have some spare cap room after training camp starts.
2. . He will likely reach FA in 2007, get overpaid by some team next year and he will most likely be ably replaced by someone else.
These are just my opinions for what they are worth.
1. Deon Branch is not a true #1 WR
2. He lacks the size and deep speed to be a threat unto himself
3. He doesn't have the size or speed to break a double team and can be taken out of a game by an elite CB one on one
4. His main assets are: His ability to come out of breaks at full speed & his ability to be at the right spot at the right time.
5. He is a liability in the running game
6. He gets very little after the catch yardage.
7. Don't underestimate the value of have one of the top 3 QB's in the league throwing to him. an what that means to his ultimat statistics
8. Four things that would keep me from paying too much to keep Deon Branch
a. His lack of TD catches
b. His lack of Yards after the Catch (YAC)
c. His size and injury potential
d. WR is the easiest position to fill wth like athletes in the NFL (unless your the EAGLES

)
Based on the above, here is what I would do.
1. I'd give him an extra million this season, under the condition that the Pats would get a final shot before he signs in FA, and tell him to prove to me his a realy #1 WR this season and then let the market decide. This way I get a contented player this season, and let the chips fall where they may next season.
2. Assuming he has a decent year, I'd set a maximum value of $4-5MM/yr with a 2 year guarantee (straight or signing bonus), and if he's offered more than that,(which is probably likely), then I'd pat him on the back, wish him well, & let him go.