If I was Graham, I'm not playing until I had a long term deal or at least the WR tag... The guy is dominant and deserves to be paid.
If I am Graham, I negotiate a nice deal making me the highest paid TE in the league, but not by a HUGE amount more, because then you run the risk of a holdout and making less money in the longrun.
But then again, I am a reasonable person and not a money grubbing ####. Not saying Graham is at all, just saying what I would do.
Also, if I was Mr graham, I wouldnt be in a hurry to do anything. It's March 4th. But I would have my agent making a serious call at least once a week the next couple months.
Holding out and/or not accepting a huge deal is a mistake. I always look back at the Christian Laettner thing a while back. He was offered something like 5 years 50 million or something like that. He said no because he wanted more, then had some bad leg injury (achilles) like a week later, ended up doing some 3 years 15 million dollar deal with someone.
Yes, get paid, but no need to hold out for absolute top dollar. Too much risk for me when the current offer more than sets you and several other people up for life.