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#1 Posted : Friday, August 22, 2008 3:18:03 PM(UTC)
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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TheKanataThrilla (39m) : Would we consider trying Rollins a S?
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TheKanataThrilla (17-Mar) : Mathieu to Texans? I thought he wanted to go to a play that was all about winning football games?
hardrocker950 (17-Mar) : Bears already matched
Zero2Cool (16-Mar) : Bears will certainly match it though. Maybe restructure after year one?
Zero2Cool (16-Mar) : but bears got lots of money, didn't think anyone would make the offer
Zero2Cool (16-Mar) : good question
Nonstopdrivel (16-Mar) : Can another team come and big even higher, or is it a one-off thing?
Zero2Cool (16-Mar) : Bears WILL match the Kyle Fuller offer, but still, good move.
Zero2Cool (16-Mar) : @RapSheet Source: The #Raiders are expected to sign #Colts FA CB Rashaan Melvin. More defensive talent adde
Zero2Cool (16-Mar) : Packers sign Bears CB Kyle Fuller to offer sheet
Zero2Cool (16-Mar) : Packers have signed TE @TheJimmyGraham. Graham will wear No. 80 for the Packers
Zero2Cool (16-Mar) : Vikings are finalizing a 1-year deal with Sheldon Richardson,
Nonstopdrivel (16-Mar) : Beast, my five-year-old wants to know that you're the best.
Zero2Cool (16-Mar) : Eagles are releasing DL Vinny Curry
Zero2Cool (16-Mar) : CB Bashaud Breeland cut his foot in a non-football injury and it got infected, source said. He is now a few months away from being able to pass a physical.
Zero2Cool (16-Mar) : @massey_evan Can confirm that the #Packers have been in touch with Tyrann Mathieu.
hardrocker950 (16-Mar) : Good CBs don't come around every day... It shouldn't be a surprise that they get paid well.
DarkaneRules (16-Mar) : These CB contracts were out of control. Maybe there's value in the later rounds of FA
DarkaneRules (16-Mar) : pack runs a tight ship
Cheesey (16-Mar) : Jennings didn’t act like a jerk when he was here. After he left he did.
Zero2Cool (16-Mar) : We should bring S Eric Reid, played some LB and is just 26.
Smokey (16-Mar) : OK--> lol
Zero2Cool (16-Mar) : ww = we ? I'm not sure.
Smokey (16-Mar) : Who is ww ?
gbguy20 (16-Mar) : the way greg has acted since he left i can't believe ww ever liked him
Cheesey (15-Mar) : Jordy got his big payday. And went to the team where players go to die.
Cheesey (15-Mar) : Jennings must still think he’s the GREATEST! (That’s why he’s no longer wanted as a player)
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