Shaka, you've got him at 2.5 average per year for four years. Here are some TE contracts and extensions that are up after 2006:
(For comparison, Graham's current 5-year deal got him an average of 1.365M/year)
Reggie Kelley, Cin. (ext. signed 2003):
6.8M over 4 years, 1.7M per year average
Dwayne Carswell, Den. (2000):
9.625 over 7 years, 1.38M per year average
Ben Hartsock, Colts (2004):
1.47M over 3 years (491K/year)
Ben Troupe, Titans (2004):
The only info I have is that he got 1.8M in bonus money, on a 3 year deal +option year
Jason Witten, Cowboys - still on rookie deal. Cowboys gave him a first-round tender. Appealing to a better cap guru than myself on the price of a first-round TE tender.
Eric Johnson, 9ers (2004):
3 years, 4.5M, or 1.5 per year.
Jerramy Stevens, Sea (2002):
5 years, 6.2M, 1.24M/year
Of course, most of these guys would be trying to trade up from these deals - Graham's present deal is in that range. I think he's clearly the best of this group, except Witten.
What sets the top of this market?
Gonzo, KC (2002) -
Seven years, 31.5M (4.5M/yr average, but does he really go through 2009? And un-restructured? He counts 6.5M this year.)
(10M was guaranteed money)
Alge Crumpler, Atl (2004)
$26M extension, 6 years = 4.33M/year
(Again, does he ever really see the end of this extension, or is it paper?)
(9M guaranteed money)
Antonio Gates, SD (2005)
Up to $24M, 6 years = 4M/year
10-11M guaranteed
I'm too tired, but I understand Heap is in this group too. We won't talk about Winslow, just out of pity.
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All this to say, $2.5M/year for four years might get you Grahambo. I've shot high on salary prognostication before... but it definitely settles him in a notch or two below the Heaps and Crumplers of the world. He
should be a notch or two below the Gateses and Gonzos of the world.
I look through the list of availables, and realize that though the market might be flooded next year, none of those guys gives you everything Grahambo does. I don't see Witten or Eric Johnson lining up at Fullback. If you go much past that 2.5M/year figure, you have issues with Watson down the road (given that he is the pass-catching athletic freak in the making.) Sort of a raw deal for Graham, who plays that role on probably 25 out of 32 teams in the league... just not the Pats. But again, in keeping with the Patriot Way, I don't see Watson being awarded 4.5M a year (adjusted for inflation,) because the Pats aren't going to laser him the ball 24/7 like the Chiefs do with Gonzo or the Ravens do with Heap. Although... if we don't get some receivers in...
My initial point of view - try to stay at $10M, 4 years. Grahambo has what we call an intrinsic reward outlook, and an internal locus of control. That to say, he's not a huge risk in terms of "lack of incentive" if a good deal of money is guaranteed/on the table.
Pay him 6M up front, and the up-front money raises him from the ranks of the shmoes all clamoring to get paid, to the upper middle class of TEs.
Or... in this cap-rich year... who's for locking him up for 6 or 7 years instead? Especially with shorter rook contracts coming? I know I'd sleep better at night, and I just don't see Grahambo signing long-term then slacking.
Don't guarantee him so much of it that injury puts you in cap jail... but otherwise make the this-year vs. out-years tradeoff in bonus money. (Still sticking in maybe the 6-8M range.)
And if Watson utterly blows up and
becomes Gonzo or Gates, guess what the difference in cost is?
A kicker. Well, roughly.
Thoughts?
PFnV