Just because an arbitrator sided with the Saints doesn't mean the team is changing its negotiating tactics with Jimmy Graham. According to ProFootballTalk, New Orleans has made Graham a $9.5 million-a-year offer that would make him the highest paid tight end in the league.
That's the same $9.5 million deal that the Saints were offering before July 2, when arbitrator Stephen Burbank ruled that Graham would be paid as a franchise tight end and not a wide receiver.
The $9.5 million offer is well below the $12.312 million per season Graham would have made as a franchise wide receiver. However, it's well above the $7.035 million Graham would make in 2014 if he signs his franchise tender.
Guaranteed money will also come into play in Graham's deal and the Saints tight end might be hoping to approach Vernon Davis' 2010 number. The 49ers tight end says he received $23 million in guaranteed money when he signed his deal four years ago. Coincidentally, Davis is also holding out for a higher contract.
If Graham were to play under the franchise tag in 2014 and 2015, he'd make a total of about $15.5 million, so you can expect that to be the floor for any possible long-term contract.
CBSSports.com's Will Brinson wrote on Wednesday that the Saints should 'bump up Graham's contract to $20 million guaranteed over the course of a five-year deal and give him $45.5 million over the life of the contract.'
I anticipate [Graham] will sign somewhere in the neighborhood of $10 million per year over five years, which is great money. But an elite wide receiver will make $14 million-$16 million per season. Let's say we even round down and give that receiver $13 million a year over the same span of five years; Jimmy Graham will miss out on $15 million as a tight end that he would make if classified as a receiver. Let's not forget that Graham is young and could easily play another 10 years, which means the same thing could happen to him for his next contract. He would miss out on that same $15 million again.
That is $30 million he won't get because he's called a tight end and because the NFL slots salaries based on position names instead of by production. So in light of Wednesday's decision against Jimmy Graham, it's not just a loss for him but a loss for every player that wears the shield.
If a contract's going to happen, Graham and the Saints will have to figure out something quickly. The two sides only have until July 15 to hammer out a long-term deal.