04-26-2013, 11:42 PM
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#1
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The Lede
Join Date: Aug 2007
Casino cash: $10016591
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Quote:
Originally Posted by Wonton Prejudice
Word is Sanchez could be released.
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According to NY Daily News:
Quote:
the Jets are locked into Mark Sanchez for $8.25 million in 2013 thanks to one of the most ill-conceived contract extensions in NFL history.
Sanchez’s cap number next year is already $12.8 million. It would balloon to $17.1 million if the Jets cut him before June 1, or if he’s a June 1 cut, they could spread the charge over two years and absorb $12.35 million in 2013 and $4.8 million in 2014. As a result, they are not cutting him. But he could be the highest-paid backup in the NFL.
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http://www.nydailynews.com/sports/fo...icle-1.1223333
According to CBS Sports:
Quote:
Sanchez is due $8.25 million fully guaranteed in 2013 (and then makes another $500,000 in workout bonuses from being on the roster). Furthermore, according to sources with knowledge of the contract, there are no offsets in the contracts -- so the player, if released, could earn a full salary from the next team that signed him -- and the contract language dictates that if they are released, they must be paid the full amount they are owed within 30 days. In many cases there is offset language in such contracts and guaranteed payments can be spread out over a much more lengthy period of time.
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http://www.cbssports.com/nfl/blog/ja...s-future-hopes
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