The Bills' front office just doesn't get the fact that salaries keep going up in this league.
Prior to last year's deal for Jake Long, they probably could have signed Peters for $7.5 million. This season the Jordan Gross contract and several others have raised the table stakes even higher for an average to above average LT.
Given the likelihood that there will 4 or 5 OT's taken in the top 20 picks this year, the salary range for the position will go even higher after the upcoming draft.
By failing to reach a deal promptly, they will end up having to pay even more money to make Peters feel like he is getting market value compensation. Morover, by overpaying for mediocrities like Walker and Dockery, they catalyzed the current impasse. How could they expect Peters to be a happy camper when those guys were making so much more money playing lower priority positions on the OL?
This all reminds me of Darcy Regier failing to sign Drury and Briere for $5 million...and then lcomplaining that he couldn't afford to match $7 million offers. The reality is that despite the uncertain economy, the going rate of compensation for a solid LOT will exceed $8 million and top performing ones will get $9 miilion and beyond.