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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

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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 (9h) : Double Post error is fixed for now.
Zero2Cool (17h) : I'll look into it later after work.
Zero2Cool (17h) : Submitting a Post or new Topic is failing to redirect, but posts are submitted.
Smokey (25-May) : Let us remember the Men/Women who served in our nations military on this their Memorial Day.
Porforis (23-May) : Had the most horrible dream that the Packers were playing the Bears and LOST. Immediately realized it was a dream ;)
Mucky Tundra (22-May) : why not?
Zero2Cool (22-May) : Yes sir, but you can't ignore admins.
gbguy20 (21-May) : is there an ignore feature on this forum?
Smokey (15-May) : Rest in Peace B.B.King ! The thrill will never leave us !
Cheesey (14-May) : I really enjoyed the "Mr. Rodgers" sweater he wore!
Cheesey (14-May) : I can't believe Aaron missed the "Harley/Davidson" question!
gbguy20 (13-May) : if he lost i blame ted thompson
gbguy20 (13-May) : did he win or did his defense let him down
Smokey (12-May) : Aaron Rodgers on Jeopardy tonight. Don't miss it !
Zero2Cool (12-May) : boomies boom!!
gbguy20 (11-May) : good evening
Zero2Cool (10-May) : Start a topic in feedback explaining how to produce this error please. No shout about it.
Smokey (10-May) : I'd like to report that your reporting system won't allow reports. A catch 22 reporting sys.
Smokey (9-May) : There are dozens of WR list for 2015 available or will be. Fantasy Draft more than 3 months away.
Zero2Cool (9-May) : He wants to get the upper hand in his league is all.
greengold (9-May) : Smokey, are you drunk?
Smokey (9-May) : Post your TOP 20 Fantasy Receivers today !
Zero2Cool (9-May) : Today's Birthdays: voiceofreason (30)
greengold (7-May) : La'el Collins to Cowboys on UDFA deal. That's one way to get around the salary cap!!!
TheKanataThrilla (7-May) : La'el Collins signs with the Cowboys
Smokey (7-May) : Unitas would have been 82 today, it was my good fortune to see him play. Those Unitas / Starr matchups were golden.
Zero2Cool (6-May) : woohoo
gbguy20 (5-May) : i think its fixed now :)
Zero2Cool (5-May) : lol
gbguy20 (4-May) : century link is a bunch of idiots
gbguy20 (4-May) : definitely my end.
gbguy20 (4-May) : *to get my last post to go thru
gbguy20 (4-May) : Is the problem with this site on my end or your end? Everytime I try to post the "Connection resets" it took me 20 minutes to get my lost t
Zero2Cool (4-May) : Nice, thanks!
gbguy20 (4-May) : no i've seen it the right way all along. I just wanted to let you know it looks good.
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