It’s official: The going rate for second-tier No. 1 receivers is indeed upwards of $11 million a year.

Keenan Allen’s new deal with San Diego — $45 million over four years — backs up the four-year, $40 million deal Allen Hurns received from Jacksonville and sets Doug Baldwin’s market.

As we said the other day, John Schneider is going to have to decide whether to overpay yet another receiver — as he did Sidney Rice and Percy Harvin (after Tim Ruskell overpaid Deion Branch and T.J. Houshmandzadeh). The difference, of course, is that Baldwin is a homegrown Seahawk who has a proven performance history for Seattle.

Continue reading Baldwin’s market rate is confirmed at $10M-$11M →