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Offline Zero2Cool  
#1 Posted : Friday, August 22, 2008 3:18:03 PM(UTC)
Rank: Premier Member

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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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uffda udfa: Hey Kevin...can you change my moniker to: Unfrozen Caveman Poster? No more uffda udfa. Possible?
Zero2Cool: Today's Birthdays: Smokey (59)
Porforis: Because clearly having bi-weekly distractions in the form of antics and crimes wouldn't hurt the team
yooperfan: together. He is a waste of oxygen
yooperfan: Manziel is a very disturbed young man who is looking down the barrel of a prison sentence not too far down the road unless he gets his act t
TheKanataThrilla: He's better than what we currently have backing up AR.
Smokey: A backup what, bartender ?
TheKanataThrilla: Looks like Manziel is getting cut. I'd be interested in him as a back-up.
Zero2Cool: Dunno.
Smokey: WILL WE HAVE A SB "CHAT", Zero2Cool ?
Mucky Tundra: I wonder if Stat Padford will follow Johnson to the retirement center?
uffda udfa: Winston Moss has a better all time win % than MM at 1000%. Let's make this permanent. :)
uffda udfa: We should take note and realize our Jordy might not be Jordy at 31 this season.
uffda udfa: I think Detroit has a way of doing that to players.
Zero2Cool: Calvin is retiring at age 30, just like the great Barry Sanders.
uffda udfa: He'd be 31 just like Jordy but his body is done.
uffda udfa: Sources: Calvin Johnson told Lions he's retiring.
Zero2Cool: Today's Birthdays: BobBrews (70)
uffda udfa: Who doesn't love Bolt Travolta?
Smokey: Lightning "Bolt" ( Chargers )
Zero2Cool: WTF is a Bolt? BOLT The Super Dog?
uffda udfa: All you closet bolts fans: BREAKING: Chargers chairman Dean Spanos says team will remain in San Diego for 2016 season.
Zero2Cool: Today's Birthdays: Yerko (31)
Zero2Cool: Contest winners are sent a Packers related prize. It's not huge, just a token of appreciation so-to-speak.
Smokey: Prize ?
Mucky Tundra: Oh! I thought for a minute it got lost in the mail
Zero2Cool: Your prize. I feel bad. It's just been so chaotic with personal life and work stuff and my girls. I need to clone myself! lol
Mucky Tundra: No problem Zero! (Psst, what are we talking about?)
uffda udfa: We aren't going to go 19-0 for 4 straight seasons with this regime! I fully believe there's one that could get us closer.
Zero2Cool: Mucky, I haven't forgot. Just been really busy. Hopefully this weekend.
Mucky Tundra: Only four undefeated seasons? Such low standards!
Zero2Cool: .. or in SOME folks eyes ... go 19 - 0 four seasons in a row, nothing less is acceptable with potential HOF QB at helm. :massiveEyeRoll:
nerdmann: To become a truly GREAT coach, Mike needs to learn how to put other teams away.
uffda udfa: MM has always been secondary to my concerns as to what's wrong in Green Bay. Now, it appears he's speaking out just like guys like Dakota a
uffda udfa: Yup.. George Seifert and Barry Switzer won SB's. Do you honestly think MM is a great head coach? No need to cite any stats...just your op
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