New York Jets Sign QB Mark Sanchez to 3-Year Extension, Freeing Up Cap Space with Restructure
The talk of Peyton Manning to New York can end now, thankfully.
The New York Jets have made a firm commitment to their starting quarterback, Mark Sanchez, giving him a three-year contract extension that runs through the 2016 season.
Sanchez had two years remaining on his rookie deal, and is now guaranteed $20.5 million over the next five seasons. The max value of the contract is $58.25 million.
Most importantly, it gives the Jets some flexibility with their cap space.
Sanchez’s cap number in 2012 was around $14 million, and while it’s not known how much money the Jets will save towards this year’s cap, it’s expected to be a significant amount.
Update: Reports are indicating that the deal restructure his 2012 base salary to $11.75 million, $3.25 million of which is guaranteed. It gives the Jets $6.4 million in extra cap space in 2012.
With the complicated salary cap gymnastics and non-guaranteed contracts in the NFL, it’s often tough to read exactly what a deal like this means.
Symbolically, it shows the Jets have full faith in Mark Sanchez going into 2012 and 2013. It also appears to give them an emergency out if they feel they want to move on after that.
There’s no doubt that Sanchez individually and the Jets as a team need to improve in 2012. Now they firmly know who will be at the helm, and they can focus on what they need to do to get better.
It’s a good move for the Jets, as they try to free up as much cap space as possible for 2012 free agency, and it’s good for Sanchez as he continues his development at age 25, going into year four of his NFL career.
Six players who can replace Junior Galette for the New Orleans Saints
The New Orleans Saints had an unexpectedly exciting final weekend before training camp, parting ways with embattled 2013 and 2014 sack leader Junior Galette due to a series of off-field incidents. At any rate, the Saints have six candidates in place to pick up the slack and try to reproduce Galette’s tremendous pressure coming off the edge. They are a diverse group of highly-touted rookies, promising second-year athletes, and seasoned veterans in the twilight of their careers. Read More
Four things to know about Kansas City Chiefs DT Dontari Poe and when he could play
When will Dontari Poe be back on the field? Week 1? Week 10? Some answers... Read More
Under Pete Carroll, the Seahawks have dominated the NFL in late games
Pete Carroll's Seattle Seahawks totally dominate the NFL in night games. Read More
Eight photos from San Diego Chargers camp so far that’ll make you wish you were there
The Chargers are officially in camp and the Internet is documenting nearly every second of it. Read More
Three potential fantasy football stars for the San Francisco 49ers in 2015
Three potential fantasy stars for the 49ers in 2015. Read More
Breaking down Dri Archer and his role(s) on the Pittsburgh Steelers roster
It's amazing how much changes in one year. Last training camp, writers like me were simply gushing over the possibilities Dri Archer's 4.26 speed could bring to the Steelers offense in 2014. The only caveat was his size (5'8”, 173 lbs). To compensate for Archer's lack of girth and muscle and to best utilize his speed, getting Archer out in space, away from those big, angry defenders looking to throw him around like a rag doll, would be key to him making an impact in his rookie season and beyond. Will he find a spot on the Steelers 53-man roster? Read More
WATCH: Tom Brady catches an epic one-handed TD from Julian Edelman in practice
Here's some good news in the Tom Brady department: He's catching touchdown passes! Read More