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But what indications are there that Welker won't be playing at a high level over the next few years?
Although Welker had a very good year this year, his production dropped from the year before. Granted he still had a great year, but his YPC, YAC, and TDs were down from the year before and he dropped a lot of balls (I think it was the most drops of his career when he has been pretty steady handed during his career).
Doesn't necessarily mean he is declining and just could be that after having his best year of his career, he went back down to close to his average production this past year. In fact, the only thing that really bother me this year was his drops. But it also could be a start of a decline.
The problem with receivers like Welker is they usually hit the age wall hard and fast and relatively young. He has taken a lot of abuse and sometimes it is an overnight thing.
Welker could be an 100 catch guy for the next three years, but he could hit the age wall this upcoming season too. That is the gamble the Broncos are taking. For the money they are spending, it is worth the gamble because of the upside.