The New York Jets ended months of Peyton Manning speculation Friday night with an emphatic statement, announcing a three-year contract extension for incumbent Mark Sanchez.
The Jets made Sanchez one of the highest-paid quarterbacks in the NFL after a season in which they openly admitted they weren't pleased with his rate of development. The timing also is curious, coming only hours after they were eliminated from the Manning sweepstakes. The deal includes $20.5 million in guarantees for 2012 and 2013 and $40.5 million in "new" money, bringing his total over five years to $58.25 million, according to sources. He can make an additional $10 million in escalators. The $58.25 million gives Sanchez the seventh-highest financial package among NFL quarterbacks, sources told ESPN senior NFL analyst Chris Mortensen. 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.
http://espn.go.com/new-york/nfl/story/_/id/7668318/new-york-jets-extend-mark-sanchez-deal-end-pursuit-peyton-manning]espn.go.com/new-york/nfl/story/_/id/7668318/new-york-jets-extend-mark-sanchez-deal-end-pursuit-peyton-manning[/url]
I'm curious where Mark Sanchez will be three years from now, and I question if he'll get another contract after these few years go by.
The Jets made Sanchez one of the highest-paid quarterbacks in the NFL after a season in which they openly admitted they weren't pleased with his rate of development. The timing also is curious, coming only hours after they were eliminated from the Manning sweepstakes. The deal includes $20.5 million in guarantees for 2012 and 2013 and $40.5 million in "new" money, bringing his total over five years to $58.25 million, according to sources. He can make an additional $10 million in escalators. The $58.25 million gives Sanchez the seventh-highest financial package among NFL quarterbacks, sources told ESPN senior NFL analyst Chris Mortensen. 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.
http://espn.go.com/new-york/nfl/story/_/id/7668318/new-york-jets-extend-mark-sanchez-deal-end-pursuit-peyton-manning]espn.go.com/new-york/nfl/story/_/id/7668318/new-york-jets-extend-mark-sanchez-deal-end-pursuit-peyton-manning[/url]
I'm curious where Mark Sanchez will be three years from now, and I question if he'll get another contract after these few years go by.
