If you always wait to KNOW with some CERTAINTY......you aren't really likely to save any money. It's too late by then. It would appear that most posters here are conservative, and would rather go year to year more, until there is more certainty. I disagree. There is value in certainty of what he'll cost. And, as salaries rise, those numbers above will look conservative. If you believe in him, you sign him to a 7 year deal.......or, you go year to year, and spend a TON of money in future years, and maybe lose him.