PFSIKH Posted August 9, 2005 Share Posted August 9, 2005 http://www.boston.com/sports/football/patriots/articles/2005/08/09/jets_get_law_on_their_side/ Globe is reporting it could be worth as much as 7 years-50.5 million. Link to comment Share on other sites More sharing options...
Jetlag Posted August 9, 2005 Share Posted August 9, 2005 With none of it in guarenteed money. Basically the whole thing is incentive driven. Which is great, if he plays like an animal I have NO problem with the Jets paying him off nicely. Link to comment Share on other sites More sharing options...
bitonti Posted August 9, 2005 Share Posted August 9, 2005 this deal could be as small as 1 year 3.5 Mil. That's about as cheap as it's gonna get. Link to comment Share on other sites More sharing options...
Jimmy 2 Times Posted August 9, 2005 Share Posted August 9, 2005 http://www.nydailynews.com/sports/story/335638p-286719c.html Jets lay down the law BY RICH CIMINI DAILY NEWS SPORTS WRITER Herm Edwards is happy to see Ty Law (r.) as Jets feel arrival of ex-Pat tilts AFC East rivalry in their favor. Ty Law was fashionably late for his first Jets practice yesterday at Hofstra. At 3:39 p.m., he emerged from the locker room and jogged across the busy field, slapping hands with Herm Edwards. Law joined a defensive-backs drill near the bleachers, drawing a smattering of applause. "Ty, you look good in green," one fan yelled, prompting a wave from the former Patriots star. Green was the only color Law wanted to wear upon becoming a free agent in February, he confessed at his news conference, calling it a "dream come true" to play for the Jets. Perhaps the most amazing part of Law-to-the-Jets is that it didn't take a whole lot of green to make it happen. The Jets landed the biggest free agent of the Edwards/Terry Bradway era without having to break the bank. Mindful of Law's surgically repaired left foot, the Jets signed the four-time Pro Bowl selection to a contract based almost entirely on individual and team-related incentive clauses. Law signed a complicated deal that will start out as a one-year, $3.5 million contract and could grow as large as a seven-year, $50 million package, according to a person with knowledge of the contract. There was no signing bonus and no guaranteed money, the person said, adding that Law will earn a $3.5 million base salary this season. A year ago, he turned down $15 million in guarantees from the Patriots, calling it "a slap in the face." Don't cry for him, though. If he stays healthy and plays like the Law of old, or close to it, he could cash in with a maximum of $28.5 million over the first three years. In other words, no play, no pay. It looks like a win-win for the Jets, who landed a three-time Super Bowl champion, a player they believe could be the missing piece in a championship run, with minimal financial risk. "I think this team is on the verge of doing something very special, and that's why I wanted to join them," said Law, 31, who spent 10 seasons on the other side of the Jets-Patriots border war. Law, limited to only seven games last season due to a rare mid-foot fracture that has ruined many careers, passed an intensive physical examination yesterday morning. From there, he went to the field, where he auditioned for defensive coordinator Donnie Henderson and secondary coach Corwin Brown, a former college and pro teammate. Law performed "very well" in a series of cornerback-related drills that required backpedaling, change of direction and running, GM Terry Bradway said. Later, in practice, he gave the crowd a scare by slipping in a backpedaling drill. Curiously, the Jets waited until after the contract was agreed on before putting him through the workout. Other teams, namely the Lions, Chiefs and Jaguars, insisted on a workout before making an offer. Bradway said they would've called off the deal if Law had flunked the test. "I have a lot left to give," said Law, who received only mild interest from other teams. "I'm going to prove to all the doubters, if there are any out there, that I'm still the best cornerback in football." Edwards, who met Sunday night with Law, said: "I just think he's coming here to prove that he's well." To make room for Law under the salary cap, the Jets released popular cornerback Ray Mickens and four others. Law, who will wear Mickens' old number (24), will start at left corner, with David Barrett on the right side. Derrick Strait is the nickel back. Law named several reasons for choosing the Jets. He's close friends with Curtis Martin, he's a longtime admirer of Edwards, he's familiar with the AFC East and his 5-year-old daughter lives in the New York area. Martin, a former Patriots teammate, lobbied hard for Law and played the role of recruiter. "To get a player like Ty is rare," Martin said. Said Law: "I'm a warrior, in my opinion." In green armor. Sounds like a pretty good deal to me. Link to comment Share on other sites More sharing options...
Smizzy Posted August 9, 2005 Share Posted August 9, 2005 How will RichardSeymour and the other Pats fans rationalize this? Oh i know....."He sucks" Link to comment Share on other sites More sharing options...
GimmeShelter Posted August 9, 2005 Share Posted August 9, 2005 Yes great deal. The Jets took all the right precautions. On a side note, Pats fans are extremely busy at their work place today and have no comment on the terms of the contract. :wink: Link to comment Share on other sites More sharing options...
Jetlag Posted August 9, 2005 Share Posted August 9, 2005 How will RichardSeymour and the other Pats fans rationalize this? Oh i know....."He sucks" :robot voice: "Uhhh..Uhhh..wheelchair..ummm...old....uuuhh...ankles...uuhh... ::self destruct mode activated:: Link to comment Share on other sites More sharing options...
PFSIKH Posted August 10, 2005 Author Share Posted August 10, 2005 Yes great deal. The Jets took all the right precautions. On a side note, Pats fans are extremely busy at their work place today and have no comment on the terms of the contract. :wink: It is not like he is playing for free. His incentives fall into two categories: Likely to be earned (LTBE) and Not Likely to be earned. (NLTBE) Seeing Mickens was cut, some of his incentives are most likely LTBE. You have to make room for these types of incentives. This is good for the Jets. Now, if they are mostly NLTBE, if he achieves one or more of these, any unused cap space on the year earned can be applied, or it can be charged against the next year's cap. If he can earn at most 28.5 million in the first three years and at most he is counting only 3.5 so far, the Jets are going to have to pinch hard to accomodate the last 25 at sometime assuming he plays upto his former level. It does not take a rocket scientist to see that the Jets, depending on their current cap situation, could be in a bind if Ty performs back at a Pro Bowl level and/or helps the Jets earn team incentives. It appears on the surface to be a good deal for the Jets, but I am curious what the fine print says. These are the Potsons after all and Ty wants to be paid first and foremost. I am wondering if in the long run this turns out to be a Curtis albatross around the Jets necks. Link to comment Share on other sites More sharing options...
Meddle Posted August 10, 2005 Share Posted August 10, 2005 It is not like he is playing for free. His incentives fall into two categories: Likely to be earned (LTBE) and Not Likely to be earned. (NLTBE) Seeing Mickens was cut, some of his incentives are most likely LTBE. You have to make room for these types of incentives. This is good for the Jets. Now, if they are mostly NLTBE, if he achieves one or more of these, any unused cap space on the year earned can be applied, or it can be charged against the next year's cap. If he can earn at most 28.5 million in the first three years and at most he is counting only 3.5 so far, the Jets are going to have to pinch hard to accomodate the last 25 at sometime assuming he plays upto his former level. It does not take a rocket scientist to see that the Jets, depending on their current cap situation, could be in a bind if Ty performs back at a Pro Bowl level and/or helps the Jets earn team incentives. It appears on the surface to be a good deal for the Jets, but I am curious what the fine print says. These are the Potsons after all and Ty wants to be paid first and foremost. I am wondering if in the long run this turns out to be a Curtis albatross around the Jets necks. In the battle of fine print, I will bet on Tannenbaum versus the Postons. Call me crazy - or - just call Lavar Arrington. Link to comment Share on other sites More sharing options...
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