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Welker Deal Announced

Discussion in 'PatsFans.com - Patriots Fan Forum' started by Isaac, Mar 5, 2007.

  1. Isaac

    Isaac Rookie

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    5 years
    $18.1 million
    $10.75 million guaranteed

    Source: NFL Network Total Access (didn't say this was a rumor or anything, just reported as fact)
    Last edited: Mar 5, 2007
  2. zippo59

    zippo59 Rookie

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    So much for those 38 million talks.
  3. MrBigglesWorth

    MrBigglesWorth Rookie

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    that is a great deal.

    not alot of money tied up in caldwell, gaffney, jackson, and welker

    just need one more wr.
  4. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    More than I'd have paid but for a guy who'll be 25-30 in the range of the contract it's not too bad.
  5. n8wood

    n8wood Rookie

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    That's a bit easier to digest than $37.5. I think this will work out well for us.
  6. signbabybrady

    signbabybrady Rookie

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    actually the rumors on the 38 mil deal was that it really broke down to a 5 year 18 mil and then years 6and 7 were 20 mil so this seems the same minus the poisin pill
  7. Crazy Patriot Guy

    Crazy Patriot Guy Rookie

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    Very good deal IMO. Didn't Kevin Faulk get a deal similar to that several years ago?
  8. PromisedLand

    PromisedLand Virtual Internet Person

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    If it's backloaded it might end up being something like 4 years for $12M --- $3M a year for a young guy who has contributed in many ways is not too bad. Remember we all have to readjust our price scale to the new cap reality. The average salary is now well over $2M.
  9. PATRIOTS-80

    PATRIOTS-80 Rookie

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    Its not bad. Plus, we signed for 5 years, whereas a 2nd rounder can only be signed for 4 years. Plus, we don't have to wait 1 to 2 years for him to develop.
  10. PromisedLand

    PromisedLand Virtual Internet Person

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  11. BradyManny

    BradyManny Rookie

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    Sounds like a pretty good deal to me.
  12. pats1

    pats1 Moderator PatsFans.com Supporter

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    What would you have paid?

    Consider two things:

    (A) Welker's production last season

    (B) The CURRENT market value of that production. Not the market value in 2002. Not 2004. Not even 2006.
  13. shirtsleeve

    shirtsleeve Rookie

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    Ahhhh, as another has already said. Same deal, no pill, no dead money.

    So his cap hit, figuring 10 mill is bonus, .75 salary this year, is under 3 mill this year. The details will show the true structure and hit, but thats a safe assumption for now. Thats what I figured. Cap hit around 3 mil a year, with the 5th a little higher.
  14. hwc

    hwc Rookie

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    If it follows the recent trends for Pats contracts, it's probably a split bonus. Perhaps $6 million signing bonus and another $4.75 million next year.

    Who knows? Just guessing out loud.
  15. DefenseRules

    DefenseRules Rookie

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    I like it, and IMO, it makes more sense than the contract we would have had to give him if we didn't trade for him.
  16. Box_O_Rocks

    Box_O_Rocks PatsFans.com Supporter PatsFans.com Supporter

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    Shefter is reporting Bob Kraft put a hold on the poison pill and went one on one with Wayne H. owner to owner to settle this before it could turn crappy. That is why the seventh was tossed in.

    Now Solman can restart his ranting.
  17. zippo59

    zippo59 Rookie

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  18. signbabybrady

    signbabybrady Rookie

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    Dog eat dog league. they didnt do this to avoid pissing off the dolphins.
  19. Isaac

    Isaac Rookie

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    At first I didn't like this, but, perhaps it is sound business in the long-term. If nothing else anybody that wants Blue Gay would look like a real low-life if they used the poison pill. I imagine a lot of owners wouldn't be willing to go down that road. Hell, this could end poison pills all together if none of the other owners is willing to openly declare "I'm scum in comparison to Bob Kraft!".
  20. salty

    salty Rookie

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    No, but they did do it so as to not get mired down in a border skirmish while the rest of the war was fought around them.
  21. cstjohn17

    cstjohn17 PatsFans.com Supporter PatsFans.com Supporter

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    That seems like a really good price to me, Saban may have screwed Miami (1) but I am sure he told BB about the type of work ethic and team commitment of Welker. These picks all are exactly how BB describes them in Holley's book "Tough, smart and football" is important to them. Stallworth is very interesting, seems outside the profile but so did Dillion.

    (1) Try to say that without cracking a smile, "Miami over Carolina in the Superbowl", that is a good one.
  22. zippo59

    zippo59 Rookie

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    They did it to avoid the headache and controversy that would result if they used the poison pill. They wouldn't have given up and additonal 7th if it didn't benefit them in some way.
  23. dtbrks

    dtbrks Rookie

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    On the contract alone, it's a fair deal. Throw in the draft pics and money, then I am not sure. I am sure the pats expect a lot out of him.
  24. Isaac

    Isaac Rookie

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    Profootballtalk.com's take:

    "Also, even though the league seemingly legitimized the whole poison-pill thing by attempting to strike a deal with the union that would have removed it from the CBA, there's no guarantee that the device will be upheld the next time a case involving it ends up in arbitration. Last year, the Seahawks inexplicably abandoned their arguments on the merits of the matter and showed up at the hearing claiming that, because they had pushed around some of the money in left tackle Walter Jones' contract, Steve Hutchinson would have been the highest paid offensive lineman on the team, and thus Seattle could match the offer sheet that Hutchinson had signed in Minnesota without the deal being fully guaranteed.

    What if this time around the Fins had opted to argue that, even though the poison-pill does not require a team to pay more money by matching, the device as a practical matter entails more money because it eliminates the team's inherent ability to terminate the deal early? And what if the arbitrator had decided that the poison-pill is a form-over-substance device that violates the spirit of the CBA?

    Bottom line -- the Pats avoided a bunch of potential worries and headaches for a throwaway pick in the bottom of the draft."
    http://www.profootballtalk.com/rumormill.htm

    Very good point. Perhaps the Patriots legal team decided that there was a significant chance this wouldn't hold up, or at least it would take a long time to resolve. This may have had nothing to do with not looking like scum, just good management.
    Last edited: Mar 5, 2007

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