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Eli is going to be overpaid, he was always going to be overpaid, but there is really nothing the team could have done about it.
Franchise60: I'm going to stick my hand down this active garbage disposal. Its a bad decision, I know its a bad decision but my horoscope said I was going to do it so I really have no choice.
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Of course players like Eli are probably overpaid. But their position is too damn important and there really aren't that many people who can be relied upon to play it well.
This is laughable. 12 teams made the playoffs last year- two of them had Rookie QBs who- while good for rookies- weren't great at all, or even good QBs. Two had journeyman veterans who can be had virtually every offseason. One had a QB coming off major elbow surgery who was a middle of the road QB taken from NFL Europe. One had a smart vet with no arm who was released in favor of Brett Favre's corpse.
You know what all these teams had in common? Great running games a defenses. Being competitive with 2nd string QBs and over the hill vets is much much easier when you have the kind of a team that the Giants have. Sure there are only a handful of guys who could take Arizona from last year to the Super Bowl, but there are 30 Trent Dilfer wannabes in the league that could make a run with a team like the Giants.
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LOL at tagging your QB in the hopes that a division rival signs him and you get two first round draft picks.
What is the WORST case scenario if you franchise Eli? You are paying him the most in the league now- so the average of the top 5 is LESS money. If someone else signs him you get to match if you want so its unlikely that he gets scooped up for some great contract- and if they do sign him you get 2 1st rounders for him. If he blows out his knee or arm you don't have to pay him top dollar since its only a 1 year deal. Where is the downside to all this? If Eli takes a big step forward is he going to suddenly command even more than the HIGHEST PAID PLAYER in the league?
There is basically 1 other team in the league (WAS) who throws around money like there is no tomorrow and needs (or thinks they need) a QB. Everyone else either has a QB or doesn't have the money to throw around to force the Giants to pay him this much cash.