Interesting theory. I find it hard to believe that given tampering laws, that they'd ever write such things down.
Again, it's Jerry putting himself in a bad spot. Is there any punishment to players for "tampering"? I don't think so. And players come and go quickly, while Jerry is an owner. Why put himself in the position of being outed by a player or agent for tampering?
But if true, it would change my evaluation. I still wouldn't like it, as I don't like spending lots on WRs, but that's a strategic consideration. It wouldn't consider it clownish, merely unfortunate.
But why have memoranda, instead of sign and trade, or trade and sign? If they've made their meeting of the minds, why not remove uncertainty on both sides?
"Even if Coop disappoints"
Part of my worry. There are lots of built in excuses for Cooper, and the need of Jerry not to look like a fool. This structurally turns it into just a bad deal today, because of the high likelihood of signing a contract tomorrow that is way overpriced.
If Cooper were on the free market today for a contract for the next 5 seasons, I wouldn't want to sign him to 14mil per year you project, most all guaranteed. And that's straight up, without trading a 1st.
It is what it is. You're telling me you think they've already signed up for my worst case scenario. We're giving up a 1st, *and* a huge contract, most all guaranteed, for a guy who has been meh the last season and a half.