He absolutely should have gotten out of the pocket and thrown it away, but that whole play was a mess. It was a two man route, and one of the receivers got knocked down by a backpedaling defender. The other route was just a curl, nothing doing. There are many examples of him needing to make faster decisions and just throw the ball away (many of Minnesota's 9 sacks were directly on him), but he really wasn't the problem on that specific play. To the best of my timing ability, this is what it looked like 3 seconds after the snap, which is a reasonable time to wait for a play-action shot. Neither of the outlet TEs have even leaked out yet.
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View attachment 23248
You've got a free rusher on the right, your LT and RB on the ground watching their guy run by on the left, your RT getting bullrushed in front of you, one receiver double covered and the other double covered
and falling down. Tackle box is also just outside the hash, so a ways to go before he can just launch it into the stands. This play is up there on the list of worst overall plays by the entire team (including the playcaller), but Raiola's fault in it is pretty minimal IMO.
Again, he absolutely does hold the ball way too long and takes unnecessary sacks. Not sure what he was supposed to do on this specifc play though, he chooses to try and step up to buy space to get a throw off - that had a chance if Corcoran wasn't getting steamrolled. I don't think he makes it around the blitzer to get out of the pocket. Probably should have curled up in the fetal position here.