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I can't remember which rumor from which poster said this, but in the negotiations apparently Alex doesn't want a Cutler or a Kaepernick-level of contract. He wants to be paid and paid well, but he doesn't want to push the team into a position where they suffer to acquire other players.
It wouldn't surprise me at all if he signs a reasonable extension where the guaranteed money is under $30 million. Something like 5 years $65 million with $25 million guaranteed.
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