According to Vic Carucci of NFL.com, the Patriots are trying to put together a trade package to acquire Julius Peppers from the Panthers.
According to league sources, the Patriots and Panthers are hoping to complete the deal at some point between the March 22-25 NFL owners meetings and the start of the draft on April 25.
Peppers, on whom the Panthers have placed a franchise tag that assures him of a one-year contract worth $16.68 million, would be converted to outside linebacker in New England’s 3-4 defense.
The Patriots already were looking ahead to the possibility of acquiring Peppers when they shipped Cassel and Vrabel to Kansas City, NFL sources say, because they wanted to clear the salary-cap space necessary to sign Peppers to a new contract that would put him among the higher-paid defensive players in the league. After signing Cassel to a one-year, franchise-tag tender contract worth $14.65 million, New England had nearly $30 million in cap money devoted to two quarterbacks (including $14.62 million for Tom Brady).
Once the Patriots were convinced that Brady would be fully recovered from the season-ending knee injury he suffered last year, they were comfortable with trading his replacement to the Chiefs and putting the wheels in motion to bolster a defense that has gotten particularly old at linebacker. Vrabel and fellow linebacker Tedy Bruschi are well into the twilight of their respective careers.
NFL sources say the Panthers would welcome the chance to unload Peppers for a second-round draft pick, even though it would be well below his market value, because it would be less costly than signing a first-rounder. The Panthers already have made some belt-tightening financial moves within their front office.
This, in part, could help answer the lingering question of why the Patriots were willing to take only a second-round pick for Cassel and Vrabel rather than possibly go for a higher choice as part of a three-way deal involving the Denver Broncos, who were ready to give up Jay Cutler for Cassel. Without an additional second-round pick, the Patriots might not be able to pursue Peppers.
This isn’t surprising news because as the article states, a trade scenario involving Peppers and the Patriots has been rumored for some time now. But what is surprising is that the Panthers would be willing to take a second rounder for Peppers when the compensation for a franchised player is two first round picks. Now granted, if a team is willing to take less, then they can work out a deal for whatever compensation is agreed upon. But a second rounder for Peppers seems weak.
If I’m Carolina, I’m demanding New England hand over the 23rd overall pick. There can’t be that much of a difference between paying the 23rd overall pick and the 34th overall pick (which the Patriots acquired from the Chiefs in the Cassel trade). But the talent level could be.
Regardless, this is an interesting rumor and if NFL.com is posting it, I’m willing to bet a deal gets done. The league’s site doesn’t post any rumors on a whim. And if he does wind up in New England, it’ll be interesting to see how Bill Belichick uses Peppers as a 3-4 outside linebacker. He and Adalius Thomas could make one hell of a pass-rushing tandem. (If Peppers is motivated, that is.)
