Now that Jordy Nelson is locked up, it is widely assumed that the Green Bay Packers will turn their attention to fellow receiver Randall Cobb for a contract extension.
Cobb is in the final year of his rookie deal, which will pay him a little over $800,000 this season. So what does Cobb think about getting a new deal?
“I don’t believe I’ve done enough,” Cobb said Sunday, “and I think that’s on me.”
There’s some truth to that. Although Cobb is immensely talented and often seems like the only guy on the Packers’ offense who can make a play, he hasn’t put up top-tier receiver numbers.
He hasn’t reached 1,000 yards or 10 touchdowns receiving in any of his three NFL seasons. To be fair, he surely would have reached those numbers if he hadn’t missed 10 games in 2013.
With an extension, the Packers are essentially paying him on potential though. If you look at it from a financial standpoint, they’re lucky Cobb got injured in 2013.
So what is a potential-based deal worth?
Not the $8 million and up No. 1 receivers get annually. It’s probably worth something similar to what the Packers recently gave another guy with “potential.”
Last offseason, they handed safety Morgan Burnett a five-year deal worth a little over $26 million. That included an $8.25 million signing bonus and an average salary that’s a little more than $5.2 million per season.
That would tie up approximately $15 million in two receivers, when you add in Nelson’s $9 million-plus annual salary. Doable?
Most likely. The Packers just drafted three receivers, so they’ll be getting paid dirt (by NFL standards) for the next four years. Jarrett Boykin will be a restricted free agent after the season, but won’t command a huge deal.
So there’s still a good chance Cobb could get his new deal before the season begins.
And to think those dumb ass Lions chose Titus Young an unemployed criminal twenty spots ahead of us instead of Cobb. What suckers. We are fortunate to be in the position of having to worry about how much it will take to sign Cobb, rather than I wonder how many years the sentence will be.
three words: incentive based contract
It´s a difficult situation for a player like Cobb: sign now a new contract or wait, with hope in doing a great year…
A few years ago, Jordy Nelson made the first option and was a bad deal…for him!
I think that Cobb is going to produce at his maximum potential regardless of whether or not he signs his deal – he seems like an outstanding competitor that just loves to play football, and is going to give his best effort no matter what. He is the kind of quality individual that we want to have on this team, representing the Packers, and I honestly hope TT gets this taken care of NOW. I would love to know that AR will have a 1-2 punch of Nelson and Cobb working together as our QB enters into the prime years of his career (with a bunch of potentially talented youngsters), and our Championship Window remains WIDE OPEN for the time being. GO PACK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Randall could be QB in a pinch. He does such a variety of positions. Hell I let him be the “long” snapper in a pinch. Sounds like he is ready to prove himself. Give him a contract full of incentives. Sooner the better in signing him. Don’t let him lateral though.