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Re: Patriots and Welker discussing new contract
Do you understand that a 4th year and 5th year have value only to the patriots? We would spread the bonus over more years and have the option to have Welker's services for Year 4 and 5. For example adding a 4th year at $2M a year would have great value to the patriots.
Consider a $24 million contract, including a $9M bonus, with salaries of one million for the first year and $7M a year after the first year. The first 2 years would be guaranteed for a total of seventeen million guaranteed in two years.
The extra years at perhaps $7M a year are for the convenience of the patriots. Welker gets nothing out of it UNLESS the patriots choose to not to cut him in the 3rd or 4th year.
Such a contract is really a 2 year $8.5M a year contract, with the patriots having the option on Welker's services after that, with the ability to cut him at any time.
To put in another way, if the 3rd, 4th and 5th year were $20M a year, it is the patriots who lose value. This would be a 2 year contract with no real option for the patriots.
So, the LOWER the 3rd year, 4th year and 5th year salary, the better for the patriots.
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IMHO, the reason that a contract wasn't signed last year and so far this year is that the patriots want to guarantee less money than Welker is willing to sign for.
Do you understand that a 4th year and 5th year have value only to the patriots? We would spread the bonus over more years and have the option to have Welker's services for Year 4 and 5. For example adding a 4th year at $2M a year would have great value to the patriots.
Consider a $24 million contract, including a $9M bonus, with salaries of one million for the first year and $7M a year after the first year. The first 2 years would be guaranteed for a total of seventeen million guaranteed in two years.
The extra years at perhaps $7M a year are for the convenience of the patriots. Welker gets nothing out of it UNLESS the patriots choose to not to cut him in the 3rd or 4th year.
Such a contract is really a 2 year $8.5M a year contract, with the patriots having the option on Welker's services after that, with the ability to cut him at any time.
To put in another way, if the 3rd, 4th and 5th year were $20M a year, it is the patriots who lose value. This would be a 2 year contract with no real option for the patriots.
So, the LOWER the 3rd year, 4th year and 5th year salary, the better for the patriots.
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IMHO, the reason that a contract wasn't signed last year and so far this year is that the patriots want to guarantee less money than Welker is willing to sign for.
I can't see giving him a 5 year deal...with WRs in their mid 30s,thats risky money.
I think he will be productive at an elite level for 2 or 3 more years but after that......