4HCrew Posted October 24, 2006 Share Posted October 24, 2006 From today's articles Chad Pennington agreed to a $6-million pay cut this season to return to the Jets, but the quarterback already is earning most of that money back through playing-time incentives. As a hedge against his second shoulder surgery, the Jets asked Pennington to cut his salary this season from $9 million to $3 million. But as part of the agreement, according to people familiar with Pennington's contractual situation, his salary increases based on his playing time. Because he won the starting job in the preseason and has played in all seven games so far, Pennington is well on the way toward earning back the pay cut. Pennington will earn $9 million in salary from his original contract once he hits 65 percent of the offensive plays. The total number of plays won't be decided until season's end, but the estimated 40 percent of the plays he's already participated in get him close to $7 million, according to people familiar with his contract. Pennington said he is not worried about any aspect of the contract. "My contract is what it is," he said. "I feel comfortable with it. I feel good about it. I've got a few more years left on it, and I feel good with coach Mangini and [general manager] Mike Tannenbaum and what they're trying to do with the organization." Under terms of his contract, Pennington is due to make $4 million in 2007, $6 million in 2008, $7 million in 2009, $10.6 million in 2010 and $10.172 million in 2011. None of the salaries in 2007 and beyond is guaranteed. Link to comment Share on other sites More sharing options...
124 Posted October 24, 2006 Share Posted October 24, 2006 2009 might be the year Kellen Clemens becomes the starting QB for the New York Jets.... depending. BUT, if we arn't winning anything by then it's pretty much for certain I would think. Link to comment Share on other sites More sharing options...
PFSIKH Posted October 24, 2006 Share Posted October 24, 2006 What type of incentives were they LTBE or NLTBE? Makes a big difference. Link to comment Share on other sites More sharing options...
Sperm Edwards Posted October 24, 2006 Share Posted October 24, 2006 What type of incentives were they LTBE or NLTBE? Makes a big difference. Absolutely. I think that playing time is considered LTBE. All jokes (and Chad history) aside, playing time is considered likely - particularly a lowly 65% of snaps which means mid-way through week 11 he's reached the incentive. Throwing 4000 passing yards or 30 TD's is not likely since few do it every year. So it seems likely that this money will all go to the 2006 cap, which is why $6M of the extra cap room we supposedly had this year was not really so. aec4 is better at this than I am, but (unless Chad also hits some NLTBE incentives, if any exist), his cap # next year is: $4M salary + $2M RB March 1 + $3M pro-rated SB = $9M To cut him would be $3M pro-rated SB x 3 yrs = $9M (can spread over 2 yrs) So there is zero cap relief by cutting him next year, but we'd be on the hook for more the following year no matter what: If kept, then in '08 he would cost the remaining $6M of his orig SB to cut him (also can spread over 2 yrs) or $9M to keep him. Barring injury I think we'll keep him in '07 and cut him in '08 unless he's playing at such a high level. $3M in '08 and '09 isn't that much dead cap space to swallow. Link to comment Share on other sites More sharing options...
bitonti Posted October 24, 2006 Share Posted October 24, 2006 Barring injury I think we'll keep him in '07 and cut him in '08 unless he's playing at such a high level. $3M in '08 and '09 isn't that much dead cap space to swallow. why would the Jets cut their franchise caliber QB??? Link to comment Share on other sites More sharing options...
Sperm Edwards Posted October 24, 2006 Share Posted October 24, 2006 Barring injury I think we'll keep him in '07 and cut him in '08 unless he's playing at such a high level. $3M in '08 and '09 isn't that much dead cap space to swallow. why would the Jets cut their franchise caliber QB??? did you not read the part in bold? If he's not playing at a high level he's a franchise QB in name alone. Let's see him start & finish a single 16-game season first before we talk of keeping him two seasons from now. John Abraham is also a "franchise caliber" DE but he can't stay healthy & the team makes plans all off-season with the expectations he will be in there all season. And frankly since he's used up all his sick-days in spades, Chad should start 32 games over this season & next season if he's a franchise QB and not a franchise caliber QB. Because otherwise I'd rather use the $6M/yr in extra cap space on someone else. Link to comment Share on other sites More sharing options...
BwanaZulia Posted October 24, 2006 Share Posted October 24, 2006 Good for him. What a great story of a guy who stuck to the team, worked hard, came back and is REALLY earning his money. Go CHAD! BZ Link to comment Share on other sites More sharing options...
PatsFanTX Posted October 24, 2006 Share Posted October 24, 2006 Good for him. What a great story of a guy who stuck to the team, worked hard, came back and is REALLY earning his money. Go CHAD! BZ For that kind of money, you think he'd be able to beat a few teams with a winning record. Link to comment Share on other sites More sharing options...
PFSIKH Posted October 24, 2006 Share Posted October 24, 2006 For that kind of money, you think he'd be able to beat a few teams with a winning record. Those would be in the Not Likely to Be Earned Category. Link to comment Share on other sites More sharing options...
Sperm Edwards Posted October 24, 2006 Share Posted October 24, 2006 Those would be in the Not Likely to Be Earned Category. OK, that was funny. A-hole. Link to comment Share on other sites More sharing options...
bitonti Posted October 24, 2006 Share Posted October 24, 2006 there's a better chance that Chad keeps it up than Clemens becomes a franchise starting QB Link to comment Share on other sites More sharing options...
Sperm Edwards Posted October 24, 2006 Share Posted October 24, 2006 Guess what? I want a superbowl before I die & I could give a rat's ass who the QB is that gets us there. Whether it's Chad or Clemens, I would celebrate just as hard. If Chad is still suffering "freak" injuries then b-bye. That money should go to another position. Link to comment Share on other sites More sharing options...
bitonti Posted October 24, 2006 Share Posted October 24, 2006 i agree with that entire statement im just wondering what's the issue?? Chad's under contract, if the numbers get unfriendly they switch salary to bonus - it's not a problem. remember the contract stays the same but the cap increases every year. WE should be happy Chad is under contract, the way he is playing he could break the bank on the open market. Link to comment Share on other sites More sharing options...
Sperm Edwards Posted October 24, 2006 Share Posted October 24, 2006 i agree with that entire statement im just wondering what's the issue?? Chad's under contract, if the numbers get unfriendly they switch salary to bonus - it's not a problem. remember the contract stays the same but the cap increases every year. WE should be happy Chad is under contract, the way he is playing he could break the bank on the open market. There is between zero and no chance Chad would get $23M guaranteed bonus money - in ADDITION to a hefty yearly salary as part of a $60M+ deal - from someone if we released him right now or at the end of this season. There is no "issue" right now. In two years I believe we will release him unless he's playing well above average. This is an "issue" for you? I think most would agree that you don't tie up $10M/yr or more on a QB unless he's playing above average. And "above average" aren't the only operative words. Don't forget "playing" as well. His comeback is a great story. But there are great stories in all walks of life. I just want a superbowl. That would be a great enough story for me no matter who the QB was. Link to comment Share on other sites More sharing options...
PatsFanTX Posted October 24, 2006 Share Posted October 24, 2006 there's a better chance that Chad keeps it up than Clemens becomes a franchise starting QB Yea, and DFat will make the Pro Bowl. Link to comment Share on other sites More sharing options...
BwanaZulia Posted October 24, 2006 Share Posted October 24, 2006 there's a better chance that Chad keeps it up than Clemens becomes a franchise starting QB Doesn't matter, you would leave before the game ended anyway! BZ Link to comment Share on other sites More sharing options...
Sperm Edwards Posted October 24, 2006 Share Posted October 24, 2006 there's a better chance that Chad keeps it up than Clemens becomes a franchise starting QB Doesn't matter, you would leave before the game ended anyway! Gotta give BZ a potw nom for this one. That was funny. Link to comment Share on other sites More sharing options...
Scott Dierking Posted October 24, 2006 Share Posted October 24, 2006 There is between zero and no chance Chad would get $23M guaranteed bonus money - in ADDITION to a hefty yearly salary as part of a $60M+ deal - from someone if we released him right now or at the end of this season. There is no "issue" right now. In two years I believe we will release him unless he's playing well above average. This is an "issue" for you? I think most would agree that you don't tie up $10M/yr or more on a QB unless he's playing above average. And "above average" aren't the only operative words. Don't forget "playing" as well. His comeback is a great story. But there are great stories in all walks of life. I just want a superbowl. That would be a great enough story for me no matter who the QB was. This is certainly a differnt tune than the "Jets were keeping Pennington on the roster only to avoid a cap hit" Chad, through 7 games has thrown himself into the mix as a possible future qb of teh Jets. Which about 10% of Jet fans thought possible last January Link to comment Share on other sites More sharing options...
joewilly Posted October 24, 2006 Share Posted October 24, 2006 Good for him. What a great story of a guy who stuck to the team, worked hard, came back and is REALLY earning his money. Go CHAD! BZ i'm with ya bz.. great read & great for chad & the mgm't. it's pretty hard not to root for chad. beating good teams? chad does not choose the schedule & played very well against pats & colts. had the defense played even a decent 4th q'ter, chad played well enough to beat both teams Link to comment Share on other sites More sharing options...
Sperm Edwards Posted October 24, 2006 Share Posted October 24, 2006 This is certainly a differnt tune than the "Jets were keeping Pennington on the roster only to avoid a cap hit" Chad, through 7 games has thrown himself into the mix as a possible future qb of teh Jets. Which about 10% of Jet fans thought possible last January You'll get no argument from me on that one, and I was one of those 10%. Didn't appear like he'd be able to even throw dinks & dunks again, let alone deep passes. Link to comment Share on other sites More sharing options...
BwanaZulia Posted October 24, 2006 Share Posted October 24, 2006 i'm with ya bz.. great read & great for chad & the mgm't. it's pretty hard not to root for chad. beating good teams? chad does not choose the schedule & played very well against pats & colts. had the defense played even a decent 4th q'ter, chad played well enough to beat both teams I will let Chad beat good teams when he gets to the playoffs. BZ Link to comment Share on other sites More sharing options...
PatsFanTX Posted October 24, 2006 Share Posted October 24, 2006 I will let Chad beat good teams when he gets to the playoffs. BZ You mean like he has done in the past? Link to comment Share on other sites More sharing options...
Sperm Edwards Posted October 24, 2006 Share Posted October 24, 2006 You mean like he has done in the past? Hey, he was saddled with Herm & Hackett' invisiballs. Link to comment Share on other sites More sharing options...
BwanaZulia Posted October 24, 2006 Share Posted October 24, 2006 You mean like he has done in the past? Yes. He is 2-2 in the playoffs beating IND and SD. He got beat like a drum by the Raiders and put up a great fight against the Steelers. Playoff records are tricky as well, because unless you win the SB, your record is most likely going to be .500 or worse. BZ Link to comment Share on other sites More sharing options...
joewilly Posted October 24, 2006 Share Posted October 24, 2006 You mean like he has done in the past? sorry but we don't base this years performance based on old schemes, coaches, injuries, playcalling etc. we're basing this years performance on , well , this years performance Link to comment Share on other sites More sharing options...
PatsFanTX Posted October 24, 2006 Share Posted October 24, 2006 Yes. He is 2-2 in the playoffs beating IND and SD. He got beat like a drum by the Raiders and put up a great fight against the Steelers. IND: Your friggn' defense pitched a shutout SD: Only reson the Jets won was because a rookie kicker missed a chip shot, game-winning FG PITT: Your BoyWonder led the Jets offense to 3 whopping points in 5 quarters of football. You want to hang your hat on those results? Link to comment Share on other sites More sharing options...
BwanaZulia Posted October 24, 2006 Share Posted October 24, 2006 IND: Your friggn' defense pitched a shutout SD: Only reson the Jets won was because a rookie kicker missed a chip shot, game-winning FG PITT: Your BoyWonder led the Jets offense to 3 whopping points in 5 quarters of football. You want to hang your hat on those results? Yes. 2-2 in the playoffs. A shutout vs IND? Yes.. but who put up the 41 pts? BZ Link to comment Share on other sites More sharing options...
PatsFanTX Posted October 24, 2006 Share Posted October 24, 2006 we're basing this years performance on , well , this years performance Fair enough. This year PennyBoy has 4 wins against the bottom-feeding teams in the NFL and ZERO wins against teams with winning records. See the trend here joewilly? Link to comment Share on other sites More sharing options...
PatsFanTX Posted October 24, 2006 Share Posted October 24, 2006 A shutout vs IND? Yes.. but who put up the 41 pts? My dog could have played quarterback and won that game. Link to comment Share on other sites More sharing options...
BwanaZulia Posted October 24, 2006 Share Posted October 24, 2006 My dog could have played quarterback and won that game. Yeah, and does he talk like God tell you what you should do? "Hellooooooooooo Patsie Puuuuuuke..." BZ Link to comment Share on other sites More sharing options...
EM31 Posted October 24, 2006 Share Posted October 24, 2006 IND: Your friggn' defense pitched a shutout And the offense batted 1000 causing the Colts to scramble and chase. That was a thrashing on both sides of the ball and it is disingenuous to suggest otherwise. SD: Only reson the Jets won was because a rookie kicker missed a chip shot, game-winning FG And the only reason that Kicker had the opportunity to miss was because of some horrific plays by the defense in the last minutes of the game. We beat a top NFL team on the road and when they were healthy and well rested. Chad was playing that game with a torn rotator cuff. We can play "what-if's" all day long, every game has tons of those. PITT: Your BoyWonder led the Jets offense to 3 whopping points in 5 quarters of football. You want to hang your hat on those results? That Steelers team on that field and in that point of the season were a fearsome opponent who looked for all the world like they were going to steamroller everyone. Lucky for the Pats that the Jets softened them up some and provided a roadmap so that you guys could once again "back door" it into the big dance for the umpteenth time. Link to comment Share on other sites More sharing options...
bitonti Posted October 24, 2006 Share Posted October 24, 2006 There is between zero and no chance Chad would get $23M guaranteed bonus money - in ADDITION to a hefty yearly salary as part of a $60M+ deal - from someone if we released him right now or at the end of this season. disagree the first pick of the draft gets that much regardless of taking a snap as Jets fans we are spoiled by our QB play on the open market the value of Chad is higher than we want to imagine. believe it or not his current deal is a very good one for the Jets, below market value for Chad. Remember there are only about 20 people in the world at any given time who can impersonate a decent NFL starting QB. Chad is one of those people right now, that's all that matters, not his durability. Link to comment Share on other sites More sharing options...
Matt39 Posted October 24, 2006 Share Posted October 24, 2006 Fair enough. This year PennyBoy has 4 wins against the bottom-feeding teams in the NFL and ZERO wins against teams with winning records. See the trend here joewilly? Pennington had the Colts beat. The defense let him down bigtime. CHad was not the reason the Jets lost to the Colts, or the Pats for that matter. Link to comment Share on other sites More sharing options...
KSJets Posted October 24, 2006 Share Posted October 24, 2006 IND: Your friggn' defense pitched a shutout SD: Only reson the Jets won was because a rookie kicker missed a chip shot, game-winning FG PITT: Your BoyWonder led the Jets offense to 3 whopping points in 5 quarters of football. You want to hang your hat on those results? Oh, I get it now. So when the Jets' win, it isn't because of Chad, but when they lose, it's all because of him. You really are such a ****ing moron, it's pathetic. I'm done with you a-hole. Link to comment Share on other sites More sharing options...
PatsFanTX Posted October 24, 2006 Share Posted October 24, 2006 Oh, I get it now. So when the Jets' win, it isn't because of Chad, but when they lose, it's all because of him. You really are such a ****ing moron, it's pathetic. I'm done with you a-hole. KS, I know, sometimes the truth really hurts. Link to comment Share on other sites More sharing options...
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