the least of our problems is that we have a 2 time SB MVP QB who we're paying $20 mill a season.
regardless of how he played this year, there's no way in hell we win that SB without him. so for people suggesting that Eli somehow isn't worth what he's getting paid is completely insane. there's a whole bunch of $15-20 mill QBs in the NFL, and we're lucky to have one of them.
If you renegotiate within the term of the original agreement, this is what happens.
If you extend, then the old money must go with the new contract with new money added.
If you cut him, them guaranteed money still counts.
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Perfect pass into double coverage. Amazing catch!