I'm betting Ted will offer an extension, will guartantee the 9-10 mill that he is due this year and sign him to a 3-5 yr deal that will pay him a total of 6-7 mil a year.
ex: 5 year deal,10 mil guaranteed, base salary of 4mil a year avg.
10 mil would be spread out evenly over 5 years(2mil a year), base salary would start at 1mil for 2013, 2mil for 2014, 3 mil for 2015, then escalate to 10 mil in 2016, with the remaining 4 mil ib 2017.
This on paper would be a 5yr, 30 mil contract, in actuality, The Packers would be on the hook for 16 mil over 3 years.
Cap hit 2013-3mil, 2014-4mi, 2015-5mil, 2016-12mil, 2017-6mil.(of course Jermicheal would never see the 2016 contract year.)
It will then be up to Jermicheal to accept or refuse, not sure when his roster bonus is due, but something will happen before that date.
I was addicted to The Hokey Pokey, but I turned myself around!