Lupz27 Posted March 10, 2012 Share Posted March 10, 2012 Per nyjets twitter feed, let the insanity begin. Link to comment Share on other sites More sharing options...
New York Mick Posted March 10, 2012 Share Posted March 10, 2012 Hey Mark we were trying to get a better QB but he doesn't want ****all to do with us so we're stuck with you, how about an extension. Link to comment Share on other sites More sharing options...
Blackout Posted March 10, 2012 Share Posted March 10, 2012 well guess were stuck with him Link to comment Share on other sites More sharing options...
Lupz27 Posted March 10, 2012 Author Share Posted March 10, 2012 Hey Mark we were trying to get a better QB but he doesn't want ****all to do with us so we're stuck with you, how about a two year extension. Tanny said they have been negotiating for 3 weeks, and said he looked into Manning, but was pushing extension with Mark at the same time. Link to comment Share on other sites More sharing options...
bitonti Posted March 10, 2012 Share Posted March 10, 2012 edit 5 year deal I instantly like this move. it's the double down. the troop surge. and one of the only ways to free cap room before FA opens next week. Mike Tannenbaum has to make this move cause if Sanchez is bad he's getting fired either way. I like Mark Sanchez as a human being, as a QB he needs to get better but overall Im glad he's staying. Link to comment Share on other sites More sharing options...
New York Mick Posted March 10, 2012 Share Posted March 10, 2012 Tanny said they have been negotiating for 3 weeks, and said he looked into Manning, but was pushing extension with Mark at the same time. Link to comment Share on other sites More sharing options...
BroadwayJ667 Posted March 10, 2012 Share Posted March 10, 2012 Its actually a 3 year extension. Three years added to the two remaining on his rookie deal Link to comment Share on other sites More sharing options...
SenorGato Posted March 10, 2012 Share Posted March 10, 2012 Interesting. Any numbers? What does this save? Link to comment Share on other sites More sharing options...
JetNation Posted March 10, 2012 Share Posted March 10, 2012 The New York Jets held a press conference tonight, shortly after it was announced that they were pulling out of the running for Peyton Manning. GM Mike Tannenbaum announced that the Jets have signed Mark Sanchez to a new five year deal. This is essentially a three year contract extension added to the remaining two years on the original deal. Tannenbaum told the media that they explored the possibility of adding Peyton Manning but also stated they have been negotiating the new deal for Sanchez over the past few weeks. Tannenbaum says team has been in negotiations for several weeks with Sanchez's reps. They feel good about him as a starter. — Brian Costello (@BrianCoz) March 10, 2012 5-year extension for Sanchez. #nyj — Jenny Vrentas (@JennyVrentas) March 10, 2012 Tannenbaum said they came to agreement three hours ago. #Jets — Rod Boone (@rodboone) March 10, 2012 He has an additional $10M in potential escalation so the maximum value of the 3 new years is $50.5M and over the whole deal is $68.25M. #nyj — Brian Costello (@BrianCoz) March 10, 2012 The money is guaranteed for 2012 and 2013 = $27 million.#nyj — Brian Costello (@BrianCoz) March 10, 2012 For more information and to see fan reaction, be sure to visit the View the full article Link to comment Share on other sites More sharing options...
bitonti Posted March 10, 2012 Share Posted March 10, 2012 Interesting. Any numbers? What does this save? in the short term possibly a huge amount. Sanchez had roughly 3 mil roster bonus and 9 mil salary. He gets all that money guaranteed but suffice to say, his cap hit this year will be much smaller. this could free up room for Pouha or another move they want to make (the timing is interesting, with FA about to open next week...) Link to comment Share on other sites More sharing options...
flgreen Posted March 10, 2012 Share Posted March 10, 2012 Jets give Sanchez contract extension Share on twitter Share on facebook Share on myspace Share on stumbleupon Share on digg Share on fark Share on reddit Share on email | More Sharing ServicesMore Print 10:33 PM, March 9, 2012 ι By BRIAN COSTELLO The Jets have given quarterback Mark Sanchez a three-year contract extension, officially ending their brief pursuit of Peyton Manning. The team announced the new agreement with Sanchez on Friday night. GM Mike Tannenbaum said the negotiations had been ongoing for several weeks. He confirmed to team looked into Manning but said the Jets are comfortable with Sanchez as their starter. The deal adds three years to the two Sanchez had remaining on his contract. It is worth and additional $40.5 million ($13.5 per season), according to a source. Sanchez had been the topic of much debate since the Colts officially released Manning this week. The new deal likely will clear salary-cap space for the team and will be viewed as an effort to repair any hurt feelings that may have been caused by the Manning speculation. Sanchez is entering the fourth year with the Jets. Read more: http://www.nypost.com/p/blogs/jetsblog/jets_give_sanchez_contract_extension_DesYs644pS83XNOVQeukgM#ixzz1ogMcRO1L Link to comment Share on other sites More sharing options...
slats Posted March 10, 2012 Share Posted March 10, 2012 It is worth and additional $40.5 million ($13.5 per season), according to a source. Sanchez had been the topic of much debate since the Colts officially released Manning this week. The new deal likely will clear salary-cap space for the team and will be viewed as an effort to repair any hurt feelings that may have been caused by the Manning speculation. Do the Jets have any idea how much they've hurt my feelings over the last 40 years? I can be bought off for a lot less. Link to comment Share on other sites More sharing options...
Jets Voice of Reason Posted March 10, 2012 Share Posted March 10, 2012 Could it be more obvious that the Jets fell on their face with Manning? This was clearly plan B. I don't know the terms, but I assume Mark gets more guaranteed money somewhere in all this. Whether Sanchez pans out or not, I still think it's stupidly risky to invest more years into an unproven commodity. But probably the Jets had to resort to this since Plan A failed. Link to comment Share on other sites More sharing options...
Greenseed4 Posted March 10, 2012 Share Posted March 10, 2012 This sucks. We just missed out on the obligatory, contract-year All-Pro performance. Good for Mark. Link to comment Share on other sites More sharing options...
MTJ06 Posted March 10, 2012 Share Posted March 10, 2012 Rich Cimini@RichCimini It's a three-year extension for $58.25 million. Rich Cimini@RichCiminiReply Retweet Favorite · Open Sanchez will get $27M guaranteed over next two years. Means he ain't going anywhere for a while. #Jets http://twitter.com/#!/RichCimini Link to comment Share on other sites More sharing options...
Bob Posted March 10, 2012 Share Posted March 10, 2012 Sanchez, flawed as he is, is a better option than what's left of Peyton Manning. Link to comment Share on other sites More sharing options...
JetsFanInDenver Posted March 10, 2012 Share Posted March 10, 2012 And we wonder why we are not winning ? Is he worth 27 M guaranteed over next two years. And then the money we guaranteed Holmes. These two better hook up for 1500 + yards! Link to comment Share on other sites More sharing options...
Jets Voice of Reason Posted March 10, 2012 Share Posted March 10, 2012 Wow. What a chickensh*t run franchise. Link to comment Share on other sites More sharing options...
Lupz27 Posted March 10, 2012 Author Share Posted March 10, 2012 If there is 27 million guaranteed for the next 2 seasons, the Jets could knock Sanchez' cap hit for 2012 could be as low as 6 million in 2012, 25 million signing bonus puts 5 mill on every season cap hit, but this makes cutting him impossible without severe cap ramifications in the future. Could be base salary as 2012 1 mill 2013 1 mill 2014 10 mill 2015 15 mill 2016 16 mill, plus add 5 mill in cap hit to every season, so 12' 6 mill, 13' 6 mill, 14' 15 mill, 15' 20 mill, 16' 21 mill. I would be more inclined to believe he will have a huge 2013 salary something like 20 million because of the new TV contracts, and the significant cap increase. This could push Sanchez down to 7 mill cap figure in 2012, saving like 10 Million on this years cap. Link to comment Share on other sites More sharing options...
Jets Voice of Reason Posted March 10, 2012 Share Posted March 10, 2012 Hooray for short-term gains in order to sacrifice long-term well being. Link to comment Share on other sites More sharing options...
New York Mick Posted March 10, 2012 Share Posted March 10, 2012 **** Link to comment Share on other sites More sharing options...
Lupz27 Posted March 10, 2012 Author Share Posted March 10, 2012 If there is 27 million guaranteed for the next 2 seasons, the Jets could knock Sanchez' cap hit for 2012 could be as low as 6 million in 2012, 25 million signing bonus puts 5 mill on every season cap hit, but this makes cutting him impossible without severe cap ramifications in the future. Could be base salary as 2012 1 mill 2013 1 mill 2014 10 mill 2015 15 mill 2016 16 mill, plus add 5 mill in cap hit to every season, so 12' 6 mill, 13' 6 mill, 14' 15 mill, 15' 20 mill, 16' 21 mill. I would be more inclined to believe he will have a huge 2013 salary something like 20 million because of the new TV contracts, and the significant cap increase. This could push Sanchez down to 7 mill cap figure in 2012, saving like 10 Million on this years cap. Edit guaranteed money now only 20.5 over next 2 seasons, this could be a Holmes like deal with Samchez only counting like 1-5 million in 2012 cap creating significant space! Link to comment Share on other sites More sharing options...
flgreen Posted March 10, 2012 Share Posted March 10, 2012 Didn't expect this. Really thought most of you handled the Manning shunning the Jets pretty well. This I'm not so sure about Link to comment Share on other sites More sharing options...
19andOhWait Posted March 10, 2012 Share Posted March 10, 2012 very surprising news.. have to think this was done to save some $ up front but wow Mike T really going all in here. some new bodies through free agent help and some legit talent in the draft better be on deck.. Link to comment Share on other sites More sharing options...
afosomf Posted March 10, 2012 Share Posted March 10, 2012 8 more yrs of hell, thank gawd i will be dead soon Link to comment Share on other sites More sharing options...
MTJ06 Posted March 10, 2012 Share Posted March 10, 2012 Rich Cimini@RichCimini Numbers on Sanchez contract: 5 yrs/$58.25M, plus $10M in escalators. It includes $20.5M in gtd money and $40.5M in "new" money. #Jets http://twitter.com/#!/RichCimini Link to comment Share on other sites More sharing options...
Giants323233 Posted March 10, 2012 Share Posted March 10, 2012 Switch to become a Giant fan like me guys. Link to comment Share on other sites More sharing options...
denden29 Posted March 10, 2012 Share Posted March 10, 2012 Looks like the Jets may get some 2012/13 cap relief as well. Jenny Vrentas @JennyVrentas Sanchez's cap number for 2012 is being toggled. But it will be much lower than the 14.25 million it previously was. #nyj Link to comment Share on other sites More sharing options...
flgreen Posted March 10, 2012 Share Posted March 10, 2012 Wouldn't be surprised if Tannenbaum used the whole Manning circus to twist Sanchez's arm a bit. They sure didn't put a full court press on. Link to comment Share on other sites More sharing options...
flgreen Posted March 10, 2012 Share Posted March 10, 2012 The side bar to this is, the Jets aren't going to get any FA QB's, like Henne, or Cambell to come in here and compete for Sanchez's job Link to comment Share on other sites More sharing options...
Pac Posted March 10, 2012 Share Posted March 10, 2012 If Manning was out then there was no better option than Mark. Surprised they've made him basically uncutable for the foreseeable future but it is what it is. Perhaps there was a lot more to this pinched nerve business than anyone ever let on. I expect a resurgence. Link to comment Share on other sites More sharing options...
Jets Voice of Reason Posted March 10, 2012 Share Posted March 10, 2012 Wouldn't be surprised if Tannenbaum used the whole Manning circus to twist Sanchez's arm a bit. They sure didn't put a full court press on. LOL... Oh man, that Tannenbaum is a sly one. Forcing Sanchez to take more guaranteed money for longer years. What a cold-a$$ mother****er. Link to comment Share on other sites More sharing options...
Pac Posted March 10, 2012 Share Posted March 10, 2012 The side bar to this is, the Jets aren't going to get any FA QB's, like Henne, or Cambell to come in here and compete for Sanchez's job Promise? Link to comment Share on other sites More sharing options...
SayNoToDMC Posted March 10, 2012 Share Posted March 10, 2012 1-800-273-8255 Link to comment Share on other sites More sharing options...
denden29 Posted March 10, 2012 Share Posted March 10, 2012 The Jets had to lower Sanchez 2012 cap number it was $14.25 million way to high. They took the easy road and extended him spreading the money out surely reducing his 2012 cap hit. I haven't heard anything about a signing bonus, yet, but it looks like you will be stuck with this contract for at least two more seasons maybe three. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.