From Pro Football Talk about draft pick signings:
DRAFT THE NEXT THING TO GET SCREWED UP
While all of the focus of the potential CBA fallout has been on its effects as to free agency, the next nightmare looming on the horizon is the draft.
Even for teams with plenty of salary cap room, contracts for draft picks (specifically in the first round) will present a unique set of challenges. The devices that have been used of late to help funnel more money to high-end rookies without running afoul of the rookie pool and the salary cap won't necessarily work.
For example, we've heard that one team has determined that the first year of the rookie contract signed by receiver Braylon Edwards, the third pick in the 2005 draft, would consume more than $9 million in cap space if done in 2006.
As a result of the challenges relating to signing first-rounders in 2006, some league insiders believe that all players drafted in rounds two through six could receive the one-year minimum tender on a take-it-or-leave-it basis.
This would trigger unprecedented holdouts, and some players likely would opt to sit out 2006 and re-enter the draft in 2007, which either will have a new CBA in place or will be completely uncapped.
So for any player who passed on the draft in 2005 (we're thinking of you, Matt) or who decided not to wait until 2007 (we're thinking of you, Vince), that sinking feeling in your stomach right about now has nothing to do with that hunk of expired cheese you ate this afternoon.
"Vincere scis, Hannibal, victoria uti nescis" -- Maharbal, 216 B.C.E.