I'm not saying that the Pats should expect a 1st rounder for Mallett this year. That doesn't seem to be his current market value. If that is the case and if the Pats see him as a potential starter for their offense, then he is worth a lot more as a backup than what they can get in return.
Consider the possible development paths for Mallett and what you would want in return for a trade:
- Aaron Rodgers...1st rounder plus additional considerations
- Matt Schaub...1st rounder
- Kevin Kolb...2nd rounder plus additional considerations
Anything lower and he isn't a legit starter in the NFL. If that is how you evaluate him, ship him off now for whatever you can get and start developing another QB. Since the Pats haven't done that, I think it is safe to assume at this point that they see a relatively high ceiling for Mallett.
I see no reason to sell Mallett on the cheap this year. There could be 10-12 teams in 2014 with unsettled QB situations and either new coaches or coaches one step from unemployment. The 2014 draft doesn't look to be stacked at QB and the top ones (Bray and Thomas) are tall with strong arms, but are raw. Seems like an ideal time to look for a Mallett deal.