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Zero2Cool  
#1 Posted : Friday, August 22, 2008 3:18:03 PM(UTC)
Quote:
In the monumental trade of Brett Favre from the Packers to the Jets, there appears to be a twist in the contract that has not been previously reported.

The Jets admirably did not renegotiate Favres 12M salary this year to fit the contract under their Cap, resisting temptation to gain some short-term Cap relief in exchange for added Cap charges from this contract next year and the year after.

We have learned that the contract was renegotiated, however. The terms on the back side of the deal have been altered to the benefit of Favre.

When I negotiated this 10-year, 101M contract in 2001, it required, as all Packer contracts do, a number of appearances on behalf of the club, some workers compensation guidelines, and bonus recovery provisions in case of immoral behavior or retirement. Those clauses are standard boilerplate in the industry. Now in year eight of ten, that contract was assigned to the Jets in the recent trade.

The contract, however, no longer contains those terms. According to multiple sources, there is no backside to the existing contract between Favre and the Jets. Favres agent, Bus Cook, and the Jets have renegotiated the contract to consist of the identical financial terms from the Packers contract 12M this year, 13M next and 14M in 2010 and nothing more. The language concerning appearances for the club and recovery of bonus due to retirement is no longer part of the deal.

Favre, if willing, is free to make appearances on behalf of the Jets to promote the team as it starts to play in a new stadium next season, but he has no contractual obligation to do so. Favre can also retire from the Jets at any time and have no obligation to forfeit any of the bonus monies he has received (Tampa Bay recovered 3.5M from Jake Plummer after trading for a contract that required recovery upon retirement).

A renegotiation such as this could present a dangerous precedent for players who are traded and make certain non-economic demands, as well as for star players who want concessions outside of salary and bonus provisions.

However, it is understandable that Mike Tannenbaum and the Jets made some concessions to bring this iconic brand to their franchise. With Favres tepid interest in playing for the Jets an issue prior to the trade, the renegotiation of his marketing and bonus recovery rights made the trade more palatable to the Favre camp at the time.

Another nugget from the Favre-Packers-Jets biopic; more to come in weeks ahead.
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Zero2Cool (18-Jun) : Tiger?
gbguy20 (18-Jun) : hot wife and he chases old women
Nonstopdrivel (18-Jun) : Oh, and one count of felony first-degree burglary.
Nonstopdrivel (18-Jun) : He's also charged with at least one count on kidnapping and two counts of attempted rape.
nerdmann (18-Jun) : Yeah, wtf Kellen?
Nonstopdrivel (18-Jun) : Kellen Winslow accused of raping and sexually assaulting several women between the ages of 54 and 86.
Zero2Cool (15-Jun) : Today's Birthdays: Toddy (26)
Cheesey (11-Jun) : Thanks Kevin.
Cheesey (11-Jun) : Ok.
Zero2Cool (11-Jun) : Alan, it's an online stream.
Zero2Cool (11-Jun) : McCarthy speaks at 10am, so probably 11am for practice start.
Zero2Cool (11-Jun) : McCarthy speaks at 10am, so probably 11am for practice start.
Cheesey (11-Jun) : I don’t know if I can get that station.
Zero2Cool (11-Jun) : Listen to 107.5 the fan they'll tell you. I'm at airport.
Cheesey (11-Jun) : Thanks for trying WPR! I guess I’ll have to just wing it.
wpr (11-Jun) : Cheesey, The Packer's site says Nitschke Field. 12 am to 11:59 pm. I don't think they know
Cheesey (11-Jun) : Come on!! U smart guys can help me on this!
Cheesey (11-Jun) : Do any of you know what time the Packers mini camp practice is tomorrow?
Zero2Cool (11-Jun) : Vince Lombardi would have been 105 today
Zero2Cool (11-Jun) : If I were Owens, after reading what some of the voters have said. I'd say F YOU too. Shady process.
Zero2Cool (11-Jun) : Apparently it costs the inductees a LOT of money to attend.
beast (10-Jun) : Or if Owens is avoiding all HoF activity? Or if he's trying to figure a way to make money off this. Simply saying he's not going to be there doesn't tell me enough
beast (10-Jun) : I feel as if I need more details. Owens said he's not physical showing up, but he could still give a speech via video.
Zero2Cool (9-Jun) : Using 32 reporter votes is wrong.
Zero2Cool (9-Jun) : They held grudges against him, and ignored his excellence on the field. Bogus shit. Political garbage.
Zero2Cool (9-Jun) : Owens has a point. Absolutely garbage how voters acted, and have responded.
buckeyepackfan (9-Jun) : The HOF needs to conveniently forget to include Owen's in the ceremonies, then fake apologize after.
gbguy20 (8-Jun) : Kevin, suggestion box. move the applaud button to the bottom of the post so i don't have to scroll back up after reading a good post. same goes for quote button i suppose
Cheesey (7-Jun) : Well...I wonder what HE is protesting. Maybe that he made WAY too much money?
Nonstopdrivel (7-Jun) : Wait, what? He bitches for years about not having been selected, and now he won't attend the ceremony?
Zero2Cool (7-Jun) : Hall of Fame announces that Terrell Owens has informed them he will NOT attend the enshrinement ceremony in August.
Nonstopdrivel (5-Jun) : Looking at some of the multiyear rookie UDFA contracts made me think of it. But now I see it's standard to sign them for three years.
packerfanoutwest (4-Jun) : Tavais or Tyrell,,,what's your question/point and why?
Nonstopdrivel (3-Jun) : Probably I was thinking about Tyrell Sutton (Northwestern -- went to the Panthers).
Nonstopdrivel (3-Jun) : Apparently, I'm full of shit. The amount of money teams are allowed to spend on UDFA signing bonuses is extremely small.
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