A few comments on the comments:
1. I get the feeling that Welker will be back next season, but at a contract that won't be close to $10MM/yr. Sure there might be a huge signing bonus in the $10-12MM range, and there might be a few "phony years" at the end of the contract, where the Pats can release him at no cap consequence, to fatten the deal for the agent's sake. But I'll be surprised if when the deal is finally stripped bare, it amounts to $8MM/yr in real money
2. I think Andy made a really important point early in this thread that hasn't received enough discussion. He made the astute observation that the Welker's been a key element in the success of this offense. He then stated a reasonable, but unproven supposition, that no on will be able to replace his skills to the point where the offense itself will have to substantially change
Now I'm personally not convinced that Welker is THAT irreplaceable, but that is just my opinion. A very good case can be made for Welker being a "unique player"....and thus irreplaceable. Ergo the offense would have to change its focus, just like its done with the additions of Hernandez and Gronk. How it did this year, with the additions of the young RB group (2nd in rushing attempts? That was a shocker)
Over the years this team has changed its offensive focus several times the during the BB era, and it would have little trouble doing it again, whether its to a bigger focus on the running game, or a bigger focus on the outside the numbers passing game pr a little of both. Just because what we'd see would be "different", doesn't mean it wouldn't be as productive as what we've seen recently.
3. One of the reasons I would never pay Welker $10MM/yr is that I believe, even if his skills remain intact over the next few years. For him to justify that $10MM price tag, he'd need to produce similar numbers (ie 120/1200) His production was worth the $9.4MM the Pats paid him.
My problem is, I don't think that will be possible for him to reach those kind of numbers,i when more of the offense's focus falls on the RB's, TE's, and outside WR's. So its very likely that next year Welker could do everything right and still wind up with "just" 80-90 catches and 8-900 yds, This would be a fine and very productive year.....but NOT worth a $10MM/yr.investment.
One of the most troubling aspects that came out of the Ravens loss to me, was the concentration of targets to basically just 3 of our receivers in that game. In previous offenses there would be games where 6-8 different guys would wind up with catches. That's simply not the case now.....and it hurt us in the end.
4. There are going to be teams with the cap room and need that could probably justify paying Wes $10MM/yr in real money. Places where Wes would be the focus of the offense and not just one of 4 guys. So ultimately if getting $10MM/yr is his most important objective, he's gone. However if the winning environment, HOF QB, and REAL chance to win the SB every year is worth taking $2-3MM less per year, then I think the Pats and Welker will find common ground and he'll be here.