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Two things: 1) Welker was paid $9.4 million to play in 2012 which is hardly "being bled" by the Patriots. I would drop to my knees and thank God if someone paid me $9.4 to catch passes from Tom Brady for one year, and 2) Welker turned down a 2012 offer for $16 million over two years prior to having the franchise tag placed on him.
It takes two to tango. Welker and his agent made decisions in 2012 that led ultimately to his becoming a UFA.
I had forgotten about the $16 million, as that number was cited again before his exit. That was offered in 2011, and was only for two years.
My 'bleed' reference was to his ability, which erodes over time, and at his age specifically. Up to that point, he earned $18.1 million over a 5 year deal. $3.6 million a year for a receiver of his caliber was a huge bargain. The Pats won easily with that deal. I don't begrudge Welker or the Pats in how they handled the business end. Too many teams fail on sentimental decisions, and there are plenty of players who have believed that teams would "do the right thing" with future compensation who found themselves on the street looking at far less money than they would have earned playing hardball. It is a two-way street as you said. I take exception to these 'loyalty' laments in those negotiations. It is a business in the end, not high school football.
The money is relative to other NFL players, not to the typical worker. I don't weep for the people playing the game at the level they are paid. You earn a six figure salary for 30 years, which is doing fairly well on the average, and you earn 1/3 of that $9 million. That discussion is limited to NFL players.