Green Bay Packers Forum

Welcome to your Green Bay Packers Online Community!

Since 2006, PackersHome has been providing a unique experience for fans.
Your participation is greatly anticipated!
Login or Register.
Options
Go to last post Go to first unread
Offline Zero2Cool  
#1 Posted : Friday, August 22, 2008 3:18:03 PM(UTC)

Yahoo! NCAA March Madness - Gold: 2015Yahoo! Fantasy Football - Gold: 2009FleaFlicker Fantasy Football - Silver: 2010Yahoo! NCAA March Madness - Silver: 2011ESPN NCAA March Madness - Bronze: 2010Yahoo! NCAA March Madness - Bronze: 2013

Rank: Premier Member
United States
Joined: 10/13/2006(UTC)
Location: Green Bay, WI
Applause Given: 2,124
Applause Received: 2,782
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.
Rss Feed 
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Notification

Icon
Error


Fan Shout
Zero2Cool (1-Aug) : Do. It!
Zero2Cool (1-Aug) : Embrace the awesome. Do it!
gbguy20 (31-Jul) : IM SO UNDECIDED
gbguy20 (31-Jul) : I want to upgrade, but I have 2 partitions set up right now, and i don't really want to undo all of that. and i don't want to keep it either
Zero2Cool (31-Jul) : Fun. Took a few tweaks, but I like it. Upgraded work laptop too.
gbguy20 (31-Jul) : how is it? still sitting on my download.
Zero2Cool (30-Jul) : Windows. 10. Baby!
Zero2Cool (29-Jul) : Get it going!
gbguy20 (29-Jul) : press conferences galore today and yesterday, new jersey unveiled WHAT ARE WE EVEN TALKING ABOUT
gbguy20 (29-Jul) : First practice is tomorrow, why have i seen literally no talk about this on the forum?
Zero2Cool (25-Jul) : Steelers August 23 game vs. Green Bay moved to 1 p.m.
Zero2Cool (22-Jul) : I was saying before it would be awesome if he did a story a week on YouTube or something.
Cheesey (22-Jul) : They should make a DVD of just stories from the "Favre years". It would be awesome!
Zero2Cool (19-Jul) : That was really awesome. I wish more stories were told.
Zero2Cool (18-Jul) : Wanna watch it?
dhazer (18-Jul) : Packers all day including the ceremony tonight in chat
dhazer (18-Jul) : why doesnt this work
Smokey (18-Jul) : less posting = less abuse
gbguy20 (18-Jul) : smokey lives
Smokey (17-Jul) : Perfect ?
Zero2Cool (17-Jul) : Perfect time to clean the shouty boxy ;-)
Please sign in to use Fan Shout

Road To Super Bowl 50
Sunday, Sep 13 @ 12:00 PM
at Bears
Sunday, Sep 20 @ 7:30 PM
SEAHAWKS
Monday, Sep 28 @ 7:30 PM
CHIEFS
Sunday, Oct 4 @ 3:25 PM
at 49ers
Sunday, Oct 11 @ 12:00 PM
RAMS
Sunday, Oct 18 @ 3:25 PM
CHARGERS
Sunday, Oct 25 @ 12:00 AM
- BYE -
Sunday, Nov 1 @ 7:30 PM
at Broncos
Sunday, Nov 8 @ 12:00 PM
at Panthers
Sunday, Nov 15 @ 12:00 PM
LIONS
Sunday, Nov 22 @ 12:00 PM
at Vikings
Thursday, Nov 26 @ 7:30 PM
BEARS
Thursday, Dec 3 @ 7:25 PM
at Lions
Sunday, Dec 13 @ 3:25 PM
COWBOYS
Sunday, Dec 20 @ 3:05 PM
at Raiders
Sunday, Dec 27 @ 3:25 PM
at Cardinals
Sunday, Jan 3 @ 12:00 PM
VIKINGS

Think About It
Think About It

Recent Topics
3h / Green Bay Packers Talk / texaspackerbacker

3h / Green Bay Packers Talk / uffda udfa

3h / Green Bay Packers Talk / Zero2Cool

4h / Green Bay Packers Talk / nerdmann

13h / Green Bay Packers Talk / buckeyepackfan

13h / Green Bay Packers Talk / beast

13h / Green Bay Packers Talk / buckeyepackfan

2-Aug / Green Bay Packers Talk / nyrpack

2-Aug / Green Bay Packers Talk / nyrpack

2-Aug / Green Bay Packers Talk / nyrpack

1-Aug / Green Bay Packers Talk / beast

1-Aug / Green Bay Packers Talk / beast

1-Aug / Green Bay Packers Talk / beast

1-Aug / Green Bay Packers Talk / beast

1-Aug / Green Bay Packers Talk / nerdmann


Tweeter