The report states that Cobb's camp seeks an average of $9 million per year on the wideout's next contract. That would place Cobb just below Jordy Nelson, who signed a four-year, $39 million extension last offseason, in terms of annual compensation. It also appears the team doesn't plan to apply the franchise tag to Cobb, which would put them on the hook for over $12 million.
Whether the Packers are willing to pay that much for Cobb remains a mystery, but it's somewhat telling that with a little under three weeks left before the start of free agency Cobb is already below the $10 million per year mark. Perhaps he and his agent have conceded that he won't break the bank as a slot receiver. Acme Packing Company's projection for Cobb had his next deal topping out at Victor Cruz's 2012 extension, a deal that averages $8.6 million. That seems like a reasonable end point given where the parties stand now.