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I think it was too steep. Looking blindly from the outside, I would have walked away.
BUT
BB knows how he feels about his OLB position, and he's been on-site to watch it playing out. My guess, given the combination of his offseason pursuit of another OLB and this willingness to give up as much for a rental player as he did, is that he really didn't like what he had at OLB and thought it was an absolute need trade, so he was willing to overpay. I think it's telling to see that the team in competition for Burgess was a Philly team that lost a starting linebacker for the season just a couple of days ago, because I think it shows desperation/anxiety played a significant part in BB's decision, given that he gave up more than that Eagles team.
P.S. I recognize the position that Burgess would have been playing in Philly is not the OLB position, but I look at the pursuit of him coupled with the signing of Wilhelm as a bit of a pairing pass rush with LB play to make up for the loss at MLB.
Bottom line is that BB mitigated a risk that he considered to be a big one. The cost to him was equal/less than the risk. With AD being the only pass rush threat at OLB, teams will be rolling protection to his side. Crable is in the tub, TBC is situational, Woods i expect is solid, but not a pass rushing threat and nevetheless is not established.
He obviously puts a good amount of weight on a pass rush so couple risk + perceived value and a 3rd and 5th is worth it.
my .02$