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Jets Extend Mark Sanchez To 5 Year Deal

#1 User is offline   Jetsfan0099 Icon

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Posted 09 March 2012 - 10:38 PM

Quote

@TheJetsStream Close
Mike Tannenbaum said that the Jets have given Mark Sanchez a 5-year deal.


Quote

@JasonLaCanfora Close
Sanchez deal: 3 yr extension for $40.5M/ averages $13.5M per year. So 5 yrs left on deal for $58.25M, w/ $20.5M 100% fully guaranteed

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#2 User is offline   santana Icon

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Posted 09 March 2012 - 11:09 PM

damn quick update 0099

EJ is flippin out in the shoutbox haha
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#3 User is offline   Jetsfan0099 Icon

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Posted 09 March 2012 - 11:15 PM

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‏ @BrianCoz Close
I don't know the exact new cap number for Sanchez but I'm told it is significantly lower for 2012 than it was.

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#4 User is offline   SecondHandJets Icon

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Posted 09 March 2012 - 11:53 PM

Smart move. Gives some stability to Sanchez and frees up cap space.
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#5 User is offline   SecondHandJets Icon

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Posted 10 March 2012 - 12:21 AM

Sanchez rookie deal: 5 years, $50.8M with $28M guaranteed.

Sanchez deal now: 5 years, $58.25 with $20.5M guaranteed.
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#6 User is offline   Mr_Jet Icon

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Posted 10 March 2012 - 12:25 AM

Keep your eye on the prize.

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If it gets us any closer to signing him I'm all for it.
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View PostFlyHiJets, on 01 June 2013 - 08:35 PM, said:

You're the scumbag that thinks everyone should kiss the as$es of a bunch of criminals but I'm a dumbass. Yeah okay douchebag. Go give some illegal wetback or Revis another blowjob. But then again.....don't you live in an entirely different country but yet think you can tell us how to live? Go fvck yourself little boy. You're likely still living with mommy & daddy. Pu$$y.
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#7 User is offline   JetsOhFive Icon

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Posted 10 March 2012 - 12:39 AM

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#8 User is offline   Tebow15 Icon

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Posted 10 March 2012 - 01:21 AM

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My worst fears have come true . . . the second comming of Chad Pennington. Long extension when he already needs to go. UGH WHY?!:banghead: :sterb003: :ranting3: :aaa9: :help:
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#9 User is offline   Mr_Jet Icon

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Posted 10 March 2012 - 05:18 AM

View PostClemens11, on 10 March 2012 - 01:21 AM, said:

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My worst fears have come true . . . the second comming of Chad Pennington. Long extension when he already needs to go. UGH WHY?!:banghead: :sterb003: :ranting3: :aaa9: :help:



Let's sign Jeff Garcia. We know he already has a history of beating out overrated QBs who failed to succeed in New York.
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View PostFlyHiJets, on 01 June 2013 - 08:35 PM, said:

You're the scumbag that thinks everyone should kiss the as$es of a bunch of criminals but I'm a dumbass. Yeah okay douchebag. Go give some illegal wetback or Revis another blowjob. But then again.....don't you live in an entirely different country but yet think you can tell us how to live? Go fvck yourself little boy. You're likely still living with mommy & daddy. Pu$$y.
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#10 User is offline   Jetsman05 Icon

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Posted 10 March 2012 - 07:30 AM

Interesting move.

Not against it, not extremely for it.

There's better ways to back your QB but if Sanchez leaps forward this year like he possibly could... it'll look great.
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#11 User is offline   bluelinecop Icon

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Posted 10 March 2012 - 09:26 AM

I understand resigning him. But making him the 7th best paid QB in the NFL? REALLY???? WTF???
Fifteen years ago after an especially disappointing loss to Miami, Esiason, then the Jets' quarterback, was making the seven-mile drive from the Meadowlands back to Manhattan.
While he was slogging through stop-and-go traffic at the entrance to the Lincoln Tunnel, the car next to him was violently rear-ended. The quarterback threw his car into park, hopped out and ran to the woman whose car had been hit. She was wearing, of all things, an Esiason jersey, and was utterly shocked when he tapped on her window to check on her.
"Are you OK?" he said, trying to keep calm. "Are you OK?"
"Boomer? Is that you?" she asked the Good Samaritan, sounding disoriented. "I think I'm OK, but . ... "
But what?
"But you guys sucked."
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#12 User is offline   Jetsman05 Icon

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Posted 10 March 2012 - 09:39 AM

The guaranteed money is in the first two seasons.

It's pretty much saying, here, go show us the next 2 seasons under the new OC and we'll go from there.

This also signals to me, the organization is willing to see Rex out for 2 more years. I thought if he struggled this year, he would be out.
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Posted 10 March 2012 - 09:43 AM

View PostClemens11, on 10 March 2012 - 01:21 AM, said:

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My worst fears have come true . . . the second comming of Chad Pennington. Long extension when he already needs to go. UGH WHY?!:banghead: :sterb003: :ranting3: :aaa9: :help:

This is why we pretend to be a first rate organization. Not sure why rewarding him makes sense. They say they want to bring in someone to push him and then they give him an extension. To put it succinctly, I'M SICK
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Posted 10 March 2012 - 11:31 AM

View Postbluelinecop, on 10 March 2012 - 09:26 AM, said:

I understand resigning him. But making him the 7th best paid QB in the NFL? REALLY???? WTF???


The problem with this is that you're looking at the total POTENTIAL he can earn. You know what it would take for him to hit some of those escalators? Lets just say that if he does hit them, $50M will be a bargain price. The guaranteed money is all that matters, and he got less guaranteed this time than rookies get.

On top of that, we got about $8M in cap relief for this year.
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Posted 10 March 2012 - 12:46 PM

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The amount of money in the contract virtually assures that Sanchez will be the starter for at least two more seasons. Sanchez, speaking to reporters for the first time since the season ended, said he wasn't bothered by the Manning speculation.

"Not at all," he said late Friday night on a conference call. "The best part about it is, they chose to stick with me. I'm going to be their starting quarterback for the next few years here and that's exciting. I'm the leader of this team and I'm excited to get back."

Tannenbaum said they decided after the season to extend Sanchez's contract, which had two years remaining but no guaranteed money. At the same time, Tannenbaum never shut the door on Manning, fueling the speculation the Jets were mulling a quarterback change.

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#16 User is offline   The Reverend Icon

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Posted 10 March 2012 - 12:48 PM

Guys....this was the first of three years where Sanchez DIDN'T lead us to the championship game. How can you be so down on him?
Sal Paolantonio commenting on the difference in the Ryan and Mangini atmospheres in the building:
"It's like going from Alcatraz to Dorney Park."

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Posted 10 March 2012 - 01:09 PM

$10M in potential escalation so the maximum value of the 3 new years is $50.5M and over the whole deal is $68.25M.
Fifteen years ago after an especially disappointing loss to Miami, Esiason, then the Jets' quarterback, was making the seven-mile drive from the Meadowlands back to Manhattan.
While he was slogging through stop-and-go traffic at the entrance to the Lincoln Tunnel, the car next to him was violently rear-ended. The quarterback threw his car into park, hopped out and ran to the woman whose car had been hit. She was wearing, of all things, an Esiason jersey, and was utterly shocked when he tapped on her window to check on her.
"Are you OK?" he said, trying to keep calm. "Are you OK?"
"Boomer? Is that you?" she asked the Good Samaritan, sounding disoriented. "I think I'm OK, but . ... "
But what?
"But you guys sucked."
Welcome to the New York Jets, Tim Tebow.

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#18 User is offline   FlyHiJets Icon

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Posted 10 March 2012 - 02:06 PM

You guys downing Sanchez are funny as f***. His first 2 years he leads us to the AFC championship game & then in his 3rd year, while the team finished 8-8, it was statistically his best year, but yet you want to blame him for us not making it to the Superbowl. Hopefully this puts the overrated Manning bullshit to bed finally. And if you think this was a mistake, you're just butt hurt that we're not going after Manning considering it just FREED up money to improve the team. All it did was free up money for us. He can still be cut & not do any more damage than what would have already be done anyway with his cap numbers.
Stop being butt hurt that Sanchez will get in TWO years what some people that need to put down the pipe wanted to give a broken down & overrated Manning for ONE year.

I have news for you. Manning can't hang in the AFC East. He's already tried it and failed.
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#19 User is offline   Jetsfan0099 Icon

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Posted 10 March 2012 - 02:18 PM

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Yes, Jets quarterback Mark Sanchez will earn $20.5 million in guaranteed money in 2012 and 2013 as part of his new contract. The fact, however, that Sanchez already was due to earn $17.75 million over the next two seasons has prompted one league source to characterize the move as a “lipstick and powder” deal.

For an extra $2.75 million, Sanchez gave the Jets three straight option years, allowing the team to keep him if he finally realizes his full potential — and to cut him without further investment after the 2013 season, the 2014 season, or the 2015 season.

The contract also could be called a glorified restructuring. Per a source with knowledge of the details, Sanchez’s $11.75 million base salary for 2012 has been converted to an $8 million signing bonus, a fully-guaranteed base salary of $3.25 million, and a $500,000 workout bonus.

The move creates $6.4 million in 2012 cap space.

In 2013, Sanchez will receive a fully-guaranteed base salary of $8.25 million. In 2014, Sanchez is due to receive a $2 million roster bonus on the 15th day of the league year and a non-guaranteed $9 million base salary. In 2015, there’s another $1 million roster bonus due on the 15th day of the league year, plus a non-guaranteed base salary of $12.5 million. In 2016, Sanchez is due another $1 million roster bonus on the 15th day of the league yeaar, plus a base salary of $10.75 million. Workout bonuses of $500,000 apply in each year of the deal.

The contract contains $10 million in potential escalators, based in part on Super Bowl appearances and/or victories.

Given the organization’s apparent mixed feelings about Sanchez, getting the extra money and converting all of it to a guaranteed payment was a good career move. He could have been dumped after 2012, with the $6 million due next year forever gone.

Still, it likely wasn’t an accident that the news of this one came late on a Friday night. It’s hardly a big-money, long-term commitment.

Which actually will be regarded by plenty of Jets fans as good news.

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#20 User is offline   Mr_Jet Icon

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Posted 10 March 2012 - 02:19 PM

What is funny is you guys complaining about Sanchez being butt hurt are also butt hurt because the door is now closed on some 36 year old QB who is still recovering from multiple serious neck surgeries, isn't going to wear a Jets uniform now. Your hopes and dreams of Peyton Manning throwing TDs in MetLife Stadium (as if our oline could ever keep him off the IR) were crushed and now you are the ones butt hurt.

We'll still get a younger back up QB to replace Brunell and MOST IMPORTANTLY, it gives us cap room to fix more pressing needs outside of the quarterback position. We need a pass rusher much more than we ever needed Peyton Manning.
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View PostFlyHiJets, on 01 June 2013 - 08:35 PM, said:

You're the scumbag that thinks everyone should kiss the as$es of a bunch of criminals but I'm a dumbass. Yeah okay douchebag. Go give some illegal wetback or Revis another blowjob. But then again.....don't you live in an entirely different country but yet think you can tell us how to live? Go fvck yourself little boy. You're likely still living with mommy & daddy. Pu$$y.
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