Since he is going to be a FA, the point is essentially moot.
Although I think he is a restricted FA(anyone know?) and if so, the different tenders they could place on him makes the difference.
If he is restricted (and I think he is) then they could offer him a one year deal at 1.3 million which would get them a second round pick from a team that signed him. Or they could bump it up to 1.85 million which would get them a first rounder.
But the thing is, he isnt going to be worth a first rounder to a team picking in the beginning of the round and a team in the end (being one that does well) isnt likely looking for a qb like Cassel.
So in the end, I think they offer him the middle exception (1.3 million) and either try to trade him, take the second round pick if someone else grabs him, or just lets him play out at that amount.
I don't know.I would bet that an okay team with a low 1st round pick(20s) like Chicago or Tampa or Minnesota might give a first rounder for a player of Cassel's quality and a team like Oakland or Detroit or Kansas City might give up a high 2nd rounder for him if they go lineman high in the first round.
I'm not 100% positive but I think he's a true free agent after this season and not restricted. If that's the case, this is pure speculation on what would happen if there was the possibility of Brady/Cassel in '09.
I don't know if it'd justify a 1st rounder, though. I think that a lot of people around the league would see Cassel as a system quarterback with players around him (Moss, Welker, Faulk, etc..) that are making him better than he probably is.
It's kinda like the Derek Anderson situation last year. Before he was resigned, I don't recall much talk about 1st rounders being thrown around.
I think first rounders and, to a great extent, 2nd rounders are being valued much more heavily by teams these days and there are very few players in all the league that would be worth giving up those high picks. Cassel isn't one of them.