For the fools that want to no why the money was spent here it is from Florio BEFORE they signed him !!!:
One of the best receivers in the NFL wont be signing a new contract during the 2008 season.
Greg Jennings of the Packers says that he would like to wait until after the season to redo his deal, which expires following the 2009 campaign.
I dont want to be a distraction, Jennings said, according to the Milwaukee Journal-Sentinel. Im not trying to make a big deal out of anything that would take away from the team. I dont want to do any of that. If there is something going on, I dont even want to know about it.
Monday is the last day that teams can apply 2008 salary increases to the 2008 salary cap. As to any contracts negotiated after Monday, base salary increases for 2008 would result (we believe) in the proration of the amount over multiple cap years.
For the Packers, now would seem to be a good time to spend that $20 million or more in cap room, especially since theyve yet to reach the spending minimum.
In 2008, each team must spend 86.4 percent of the $116.2 million limit, which equates to $100.396 million. If the Packers are more than $20 million under the cap, then theyre $4 million or more away from achieving the salary floor.
Some teams will attempt to carry cap space over to 2009 via so-called Likely to Be Earned Incentives that, as a practical matter, wont be achieved in 2008. The union has balked about this practice in the past, and it could become an issue in the looming CBA negotiations.
With Jennings declining to do a new deal, were starting to wonder whether the union might be privately urging agents and players to refuse to do late-season contracts aimed at getting teams to the salary floor. A franchise like the Packers cant unilaterally burn cap space; there has to be a player who wants to receive the money.
Though few pro athletes are going to turn their noses up at a raise, players like Jennings could acquire a little additional leverage in the short term merely by being coy. Because if none of the 53 players on the team are interested in talking contract until after the season, the Packers will end up being in violation of the CBA.
Here's a link to the full article on Jennings position from jsonline:http://www.jsonline.com/...ts/packers/33618699.html
With Jennings willing to wait out the season before cashing in, Ted Thompson needs to find someone (Rodgers?) to extend in order to avoid whatever penalty is imposed for not reaching the salary floor. As far as Greg's position, I hope his statement of not wanting to deal with the contract during the season because of the distraction is genuine. He and his agent both know that 2010 could be an uncapped year and if he continues the pace he's on, he would become a very rich man. By all appearances, Jennings seems to like playing for the Packers, but you never know...