The way contracts are, I don't think anything you read or hear can be totally believed.
I also believe that both branch and the team want something to get done. I don't think branch would risk $14,000 a day just to skip camp.
That brings up the question, why isn't he in camp, why hasn't he signed? The Patriots are in the position that they cannot do the following:
1. Overpay anyone, especially someone who is somewhat fragile. Sure, branch is our #1 reciever, but he wouldn't be a #1 reciever on a lot of teams. Yes, Brady and branch have a good relationship, but if neccessary, Brady can develop a relationship with another reciever. Overpaying players handcuffs the entire team.
2. Start a precedent. Seymour is the best in the league at his position, branch is not in the top 15. The Patriots cannot get in the habit of redoing contracts early or dishing out however much money it takes just to keep someone. Giving in to branch's holdout and overpaying him is a precedent the Patriots can't afford to set. It would affect the Patriots ability to keep what is usually referred to as "a strong middle class". While there are plenty of teams out there willing to overpay for everything, the Patriots should not be one of them.
I am sure branch's agent is pushing hard for him to hold out and try gouging the Patriots. If the agent can show that he can get the Patriots to overpay for his client it will mean more business for him, in addition to his cut. However, I agree that branch is responsible for what he does, and not his agent.
Being franchised (which the Pats should have the cap space to do) would hurt him pretty severely, especially if he misses games due to injury and gets the rep as a malcontent. I see no reason why if he holds out like this that the Pats shouldn't franchise him.
Please do not read into this that I don't think branch is valuable to the Patriots or that he is not an awesome wide reciever. I also do not believe he is a horrible person based on his hold out. I just feel based on what we have seen and heard (probably not too reliable) that he is wrong to holdout, but every person has to make their own decisions. I also believe the Patriots are doing exactly what is neccessary to stay a competitive team for the long term.