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

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Location: Green Bay, WI
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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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Zero2Cool (16h) : High-ankle sprain could sideline Cook
Zero2Cool (26-Sep) : Odell Beckham Jr, Dez Bryant, Alshon Jeffery and Julio Jones on tap for Packers. Yippie.
Cheesey (26-Sep) : Arnold Palmer was a class act all around. RIP
Smokey (26-Sep) : Rest in Peace Arnold Palmer, you blessed us all .
hardrocker950 (26-Sep) : What a strange weekend of football
jdlax (26-Sep) : What's up, friends? It's like bizzaro world right now trailing the Vikings. Blah.
GoPack1984 (25-Sep) : Ryan Fitzpatrick threw 6 interceptions!
TheKanataThrilla (25-Sep) : Cleveland loses.
The_Green_Ninja (25-Sep) : I swear, Jacksonville's hot weather must be a huge advantage. Kept it super close with the Ravens
TheKanataThrilla (25-Sep) : Su'a Cravens with a big INT. A guy I wanted.
TheKanataThrilla (25-Sep) : Can Cleveland win?
Zero2Cool (25-Sep) : T.J. Lang said after one of Aaron Rodgers' TD passes the Packers quarterback head-butted Lang in excitement and said "I'm back."
Zero2Cool (25-Sep) : Terrelle Pryor could see snaps at quarterback
Zero2Cool (25-Sep) : inactives 6 Callahan 37 Shields 42 Burnett 52 Matthews 68 Murphy 95 Jones 98 Guion
Mucky Tundra (25-Sep) : GET HYPE
Zero2Cool (25-Sep) : Packers aim to showcase speed of Ty Montgomery, Trevor Davis
Zero2Cool (25-Sep) : CB Quinten Rollins will start for Shields. Micah Hyde for Burnett. Julius Peppers for Matthews. Kenny Clark for Guion.
Tezzy (25-Sep) : Probably will not be on the top of the Pick'Em leaderboard after today, soaking it in beforehand
Tezzy (25-Sep) : Foosball!
yooperfan (25-Sep) : Game day, tee it up and get this show on the road!
dyeah_gb (25-Sep) : Dyeah! Go Pack!
buckeyepackfan (25-Sep) : GOOD MORNING PACKER FANS! GAMEDAY! GO! PACK! GO!
flep (25-Sep) : Gameday!!! Will see you all in chat later
The_Green_Ninja (25-Sep) : Also, I'm not sure if you guys know. I'm a Memphis Tigers fan. Start looking a Riley Ferguson, QB. He is the real deal.
The_Green_Ninja (24-Sep) : Big whoop, we have Aaron. We are going to win. H8ers.
Zero2Cool (24-Sep) : Matthews, Burnett out; Guion, Jones doubtful
Zero2Cool (24-Sep) : thank ya
macbob (23-Sep) : HAPPY BIRTHDAY, KEVIN (yesterday...sigh...)
Zero2Cool (23-Sep) : Sam Shields has already been ruled out for Sunday's game.
Zero2Cool (23-Sep) : For Lions, Ansah is out. LBs Levy and Williams doubtful and Van Noy questionable. TE Ebron and DE Taylor questionable, too.
Zero2Cool (23-Sep) : Jimmy G sprained his AC joint
Mucky Tundra (23-Sep) : Brady is suspended and 2nd stringer Jimmy Garoppolo suffered a ACL sprain in week 2
Mucky Tundra (23-Sep) : Patriots 3rd stringer QB Jacoby Brissett injuried and needs surgery
Zero2Cool (23-Sep) : Quinten Rollins is the only NFL cornerback to play 20 or more snaps in the slot this year without allowing a catch
Porforis (23-Sep) : Cutler has better luck completing to Packers players 10+ yards downfield than Rodgers does. I say only mostly facetiously.
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