The deal was first reported by ESPN’s Adam Schefter.
The transaction is a near-replay of last year, when Sam Shields took advantage of the three-day “legal tampering period” to get a feel for the market before re-signing with the Packers. And it’s practically a match for the contract extension that fellow receiver Jordy Nelson agreed to in late July, which included $39 million in new money over four years.
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For Cobb, the decision boiled down to the Packers’ ability to win and his comfort with the team rather than chasing a million or two more per season.
A source on Saturday morning confirmed Packer Report’s report from earlier this week that the Raiders were prepared to offer $11 million per season. No doubt other teams were prepared to get involved in the bidding, with Cobb reportedly seeking $12 million per season.
The Packers increased their offer and Cobb backed off his demands as the two sides met in the middle for a deal averaging $10 million per season — not exactly chump change — but no doubt less than he could have received had he waited until the signing period begins on Tuesday afternoon.
The Packers have their three top offensive weapons locked up for the long term: Quarterback Aaron Rodgers is signed through 2019 and Cobb and Nelson are locked up through 2018.
Cobb, 24, finished tied for ninth with 91 receptions, 11th with 1,287 yards and tied for fourth with 12 touchdowns. According to ProFootballFocus.com’s slot-receiving numbers, his 75 receptions were 11 more than the Eagles’ Jordan Matthews, his 1,067 yards were 232 yards more than Matthews and his 12 touchdowns were almost as many as the next two players combined (Matthews, eight; Kendall Wright, five).
Among all wide receivers with at least 50 catches, Cobb ranked second with 618 yards after the catch (according to STATS) and third with an average of 6.6 YAC (according to PFF). He also ranked third with 12 receptions of 25-plus yards, tied for second with 24 third-down receptions that he turned into first downs, tied for first with 16 receptions in the red zone and first with 10 red-zone touchdowns, according to STATS. He also was a fearless blocker at just 192 pounds. He was a matchup nightmare for every defense.
While Cobb is viewed as the Packers’ No. 2 receiver by outsiders, he’s really more of a co-No. 1 with Nelson. Nelson caught 98 passes for 1,519 yards and 13 touchdowns in 2014, so the yardage and touchdown totals are practically the same.
And now, the money is, too.
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