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This is the best thread of the off-season. Long live "It Looks Like No Deal..."
This thread is great because it's about the franchise tag for a guy we actually want around and neither side stepped out and disrespected the other. Best of all, the player deserves the compensation that comes with the tag and will be in uniform on time with lots to play for.
I thought the Pats should have done a three-year deal, but all is not lost here. Not at all. Welker can be tagged again and there was no agreement between the sides not to tag him for 2013 like we saw with Samuel and Mankins. The negotiations next summer will be for a two-year deal which fits the Pats better. Welker's monetary value will be determined by his health and production from the 2012 tagged year, so his value at age 32 and 33 will be easier to assess and fit into the cap. His market value will most likely be less at that age as a slot receiver.
The challenge for the Pats and Welker (with Brady's cap number hitting like an asteroid from space) is that the 2013 cap year is probably the most complicated under the new CBA as it is probably the last of the "flat" cap years (around $121 million per team) before the new broadcast deal kicks in in 2014.
Elsewhere there is a spirited debate about whether the 2014 money shows up in 2014 or 2015, but no matter, the NFL and NFLPA know how much revenue will come in through the new broadcast deal in 2014, so contracts will address the cash-flow issue for younger guys. Welker, Brady and guys in their early- to mid-30s will have to deal with cash-flow realities next summer. I imagine lots of dead money in 2015 - 2016 from the hangover created by 2013.
Training Camp is open to the public in nine days. Hooray.
I doubt he signs the tag next time around if it goes that way....