Jason La Canfora tweets that Sanchez’s deal is a 3 year extension worth $40.5 million and will pay him an average of $13.5M per year.
This brings his contract to a 5 year contract that will total $58.25 million and include $20.5 million fully guaranteed. The deal also includes escalators that could push the total to $68.25 million and would allow him to hit the open market when he’s just 30 years old.
La Canfora adds that this will make Sanchez the 6th ot 7th highest paid quarterback in the league.
Good luck New York.
Rich Cimini of ESPN New York reports that Sanchez’s deal is a three-year extension worth $58 million and will include $27 million guaranteed in the first two years.
That’s huge money for a quarterbacks that’s done very little to deserve that kind of contract. At least it’s front loaded so that they can move on if he’s not able to be successful in Tony Sparano’s offense. I’m getting the feeling that we’re going to find out that these totals aren’t quite what they seem.
Jets GM Mike Tannenbaum mentioned that the team is fully behind Sanchez as their quarterback of the future.
“We feel really good about Mark as our starter,” said Tannenbaum. “Mark’s our starter. … Taking the long view of things, we’re excited and encouraged at the trajectory of Mark’s career.”
You have to think that this move is to try to patch things up with Sanchez after the team was reportedly making a run a Peyton Manning. We’ve seen this situation before. A team makes a run at someone better but after missing out on the desired player/coach, they turn around and give an extension to their player/coach. I’m sure that the deal will be a front-loaded contract to prevent them from finishing out the full length contract.