Frankly there's too much emotion on both sides of this issue.
1. There is NO need to diminish Welker's accomplishments with the Pats by continually bringing up "the drop". First of all, while it was a ball Welker usually catches, it was also a ball Brady throws more accurately. Secondly there were a dozen OTHER plays that could have also turned that ball game....and we all know what they were, from the opening safety to 3 fumbles that weren't recovered, to the penalty on the one that was, etc, etc. To single out Welker is not only cynical and unfair, its just not accurate.
Welker has been, without question the league's finest slot receiver and one of the most productive in the league over the last 5 years. Even if you DON'T think that Welker is worth the money he was asking for, you CANNOT ignore what he's done.
2. On the other hand, you cannot ignore that one of the best Front Offices put a certain value on Welker, and wasn't willing to budge. Can we really argue with THEIR record of success. Think about it. With the exception of Brady, we have now completely turned over the super bowl teams, and never had to deal with LESS than a double digit win regular season, went to the superbowl with a flawed team, and according to Football Outsiders, have the best and largest core of under 25 talent. I don't think this describes the FO that DI would like to believe we have.
That's not to say they don't make mistakes. Of course they do, and this just might be one. Time will tell, and nothing WE say can hasten the result.
3. The Pats did the smart thing regardless of how successful Welker is this season. They had an option to pay him in the neighborhood of $21MM over 2 years and they passed, not willing to take the risk of tying up that kind of money on a player of Welker's size and age.
Welker on the other hand isn't really harmed.....as long as he produces. If he has his usual production of 100+ catches and 1200+ yds. He'll GET his $21MM and the Pats will have taken a year's worth of risk out of the equation.
Welker has made it clear that he wants to stay here. The Pats have made it clear they want to deal with him on a year to year basis. IF he produces he can get paid as the best slot guy in the league, only its going to be on a year to year basis. And what is wrong with that.
He can probably stay with the Pats as long as he wants. Its just that the Pats aren't willing to commit to paying him NOW for his potential production in the future. If his role or skills diminish the Pats want to be in the position to pay him appropriately for his production year to year. It was simply the smart thing to do for a player of Welker's size and age.
Another thing to consider, is the congregant age of the Pats WRs. Going forward we really need to get younger and bigger there. While it would be sad to see Welker go, it would also open up a slot for another younger WR to step in either through the draft or FA.
Remember if even Welker leaves in 2013, (and that's far from a sure thing), its NOT a 2006 deja vu. Brady would STILL have 3 Elite receivers in Lloyd, Hernandez and Gronk as just a start, which is already significantly better than most NFL teams.