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Jimmy Graham agrees to contract extension, Vernon Davis likely salivating

The New Orleans signed tight end Jimmy Graham to a 4-year, $40 million contract. We break down what it means (or what we can figure out) for Vernon Davis and his contract desire.

Derick E. Hingle-USA TODAY Sport

One of the shoes in the Vernon Davis situation has officially dropped. Tight end Jimmy Graham agreed to a four year contract extension with the New Orleans Saints that could pay him as much as $40 million. The deal reportedly has around $20 million in guaranteed money, and is a fairly straight forward structure.

As soon as word got out that Graham agreed to a new deal, people started asking what this meant for Vernon Davis. The San Francisco 49ers tight end is holding out in hopes of getting a new contract. It's kind of difficult to figure out what exactly his next step will be, but if he's expecting a deal like Graham, we may never see him again! But seriously, there is no way he is getting a deal with an APY of $10 million, no matter how fake the numbers might be.

Davis might try and use this deal for some kind of leverage, but I don't see it really changing anything the 49ers think about their "negotiation" with Davis. I don't even think it really makes it any more or less likely that Davis shows up, but part of that comes from not knowing what Vernon Davis is doing exactly. Sure he might decide this pushes up his value, but his holdout strategy has been so baffling, I don't really know what to make of anything that could impact it.

I think that's really what has made this holdout a little more of a pain in the butt. It has not run like a normal holdout. Alex Boone has made more sense where he just says nothing and doesn't show up. Vernon has said all sorts of things, but I really have no idea what to expect of him next week when veterans are due to report. I can't even really guess what might happen because it would be a complete shock in the dark. I'm at a point where I want to get to camp in part to see just what Vernon does next.