Cap #'s are an accounting tool. They are fielding a unit that cost them almost $20M in AAV this season (including the myriad of backups they command) and the kids got $20M in signing bonus alone. They are guaranteed between them $34.4M in the first 3. Going forward their AAV alone tops $13M per and exceeds the current tag price for the position.
You are not joining Felger's "the cap is crap" society are you, Mo? I'm not sure what this paragraph means, since I have to confess not knowing what AVV means and hope you'll enlighten me.
I do know that the Pats gave the 2 TE's $20MM in signing bonuses. And I know at least for my part of the discussion what is guaranteed and what's paid up front doesn't have a whole lot to do with the issue. While the cap #, no matter how artificial you THINK it is, is the critical factor.....at least of for the next 2-4 years.
And while I'm no "expert" on the cap, by any means, I do know that at $6MM, and $10MM Gronk and Hernandez's combined cap number is very reasonable for the next 2 years. In fact, while it grows, it remains fairly reasonable for the first 4 years of their contracts, as I understand it. It isn't until the 2016 season or later that roster bonus' etc, escalate their cap numbers into the 8 figure area.
Past production is a big part of how you gauge future performance. Bill has a saying about what potential is, something you have yet to achieve... We've seen twice as Lloyd pointed out in his own defense what happens when Josh runs a perimeter oriented version of this offense. He isn't going to run that here by simple virtue of the $$$ recently invested at the TE position.
And why should he. He has 2 TE's who accumulated 2000 yds and 24 TDs. How many WR pairings averaged 1000 yds in the league? Think about it the Pats had 3 1000 yd receivers. When has that ever happened?
Picture this offense going forward as is absent Welker and you're looking at a 4th seed by default (only because the other three won't get it right enough to challenge for the division anytime soon). Gronk's deal made sense given his buzz and the built in out. Hernandez deal at this juncture doesn't. Imagine what they could have signed him for coming off his third season. Could have saved enough in AAV, cap and cash to extend Woodhead for 2-3 more years...
This make sense, Mo, if you knew in advance that Hernandez would miss 8 games due to injury and be limited in the 7 he played in. Yeah if the Pats knew in advance that THIS would be his season, I image they would have been able to resign him to a more favorable deal. But they resigned him after a season he had nearly 1000 yds receiving as the 3rd option. Where he had proven to be the most versatile bad match up in the league. A guy who can line up a TE, WR, slot receiver, and RB. A guy who was universally thought to be ready to have a huge break out year THIS season (as if 910 yds, 7TD's as the 2nd TE wasn't a break out year already)
Gronk is the best all round TE in the league and the 2nd best player on the team. Of that there is no doubt. But many believe that Hernandez is a unique talent that can be a "defense breaker" The guy that will drive a DC crazy because of the myriad ways that Josh can deploy him. Alone he's a tough stop. With Gronk, its almost impossible. With Gronk AND Welker AND Lloyd it IS impossible.
They could have signed Welker to a 4 year $36M+ deal with $18-20M guaranteed and had the exact same cap hit this season and been in position to squeeze him on remaining unguaranteed salary beginning in 2014 with manageable dead cap if they came to an impass by 2015 when the cap will rise substantially.
First, how do you know that THIS was the deal Welker wanted? But lets assume it was. We know for a fact the Pats offered him $16MM guaranteed for 2 years and he rejected it. Why would he accept your deal regardless of the length, if it only offered 2 more million in guarantees?
Secondly why are you so sure that the cap is going get a significant bump in 2015? Just curious.
Now they are looking at paying him $11.4M in cash and cap in 2013 (a total of $21M guaranteed) or 3 times $9-10M with half of it guaranteed ($25M over the same term guaranteed) or walking away from a 32 year old guy who moves the chains and has Brady's back come what may. And he's done that consistently for 6 seasons. No one else not named Brady has done anything nearly that consistently even in the last three seasons. And that includes guys on both sides of the ball (and in all 3 phases of the game...) have been signed to top of the market deals.
I've never said that Welker doesn't deserve a top of the Market deal based on his stellar past performance. All I have done is question whether paying him what he as earned is in the best interests to the Patriots as a team. I have questioned the CONSEQUENCES of giving him that kind of a contract.
As to the 11.4MM franchise money, I don't think that's going to happen, though Welker would probably be thrilled with it. The Pats are not going to carry that kind of money on next year's cap, given the other contracts they need to do (ie Talib, Volmer, Brady etc). If we are free to speculate, the best deal Welker is likely to see is 4 yrs (to spread the pain) $32MM and $18 guaranteed, with a $10MM signing bonus. That's just my guess.....And I hope they get it done.
But if it doesn't and Welker walks, I doubt very much the offense would diminish. Just look at how it flourished this year, despite not have one of the 2 key TE's for the entire year, and none of the back ups working out as expected and the lost of Edelman. It certainly would be easier WITH Welker, but it wouldn't be impossible without him, though we won't know for sure until he's gone.
BTW- I think you made a point about the 21MM in dead cap money the team has managed to run up because of bad deals with Ocho, Fenene, etc. I thought it was well stated. I can't defend those deals of course, except to say, not every deal works out, and the Pats are not exceptions to that rule. But like it or not that dead money has to be a consideration in deals going forward. Yes it would have been easier to sign Welker if that dead money wasn't there, but its a reality. (btw- do you know what's going to be next season?)
And although this certainly will not be the last thread on this topic, and although we are on different sides of the issue to some degree (we both hope Welker will be resigned), I appreciate you keeping it a well reasoned discussion, as opposed to a argumentative rant.