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

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Joined: 10/13/2006(UTC)
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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Cheesey (25-Jul): Me neither. He did virtually nothing after he left the Packers.
Zero2Cool (25-Jul): WR Greg Jennings retires. I think I should be surprised, but I'm not.
Cheesey (23-Jul): It's sad, he was young.
wpr (22-Jul): Sorry to hear about Dennis passing away.
Zero2Cool (22-Jul): Hopefully people respect his passing without trying to make jokes.
Zero2Cool (22-Jul): Damn, Dennis Green passed away.
Zero2Cool (22-Jul): Bahahahah
Smokey (16-Jul): Playing 2016 Fantasy Football ? NO ? Contact me to join the Tailgaters Fantasy Football League !
wpr (15-Jul): Happy birthday since69
Zero2Cool (15-Jul): Whoa!Today's Birthdays: Since69 (51)
Zero2Cool (15-Jul): No sir. But at work we had our A/C go out, not fun lol
Smokey (14-Jul): Did recent bad weather affect you Zero ? ie: loss of electricity ?
Zero2Cool (14-Jul): stay cool bud ... thats some hot crap there
Smokey (14-Jul): Heat Index 104* : Richmond , VA.
Zero2Cool (14-Jul): Richard Rodgers and Aaron Rodgers win ESPY for play of year!! Wohooo
Smokey (14-Jul): A.Rodgers wins ESPY for Hail Mary Play .
Smokey (14-Jul): The ESPY's are ON !
Cheesey (13-Jul): Yeah...stinky cheese, for sure!
yooperfan (12-Jul): Happy belated birthday Cheesey, may you have many more!
Zero2Cool (11-Jul): That be some old cheese yo!! lol
Cheesey (10-Jul): Porforis, I won't live THAT long!
Porforis (10-Jul): You'll live just long enough for the Vikings to win a super bowl. Thankfully, I think you're going to outlive all of us!
wpr (10-Jul): Hey Alanhope you have a great day.
Cheesey (10-Jul): Thanks guys. I'm 59 today. Never thought I'd live this long.
Smokey (9-Jul): MAY THE PACK BE WITH YOU !
Smokey (9-Jul): I did not know Cheesey , HAPPY BIRTHDAY !! \_/
Cheesey (9-Jul): Guess I'll have to wish myself a happy birthday.
wpr (1-Jul): Hey grabacr hope you had a fantastic day
Zero2Cool (30-Jun): Today's Birthdays: Grabacr (28)
wpr (30-Jun): Be nice Zero. She was here on the 15th. She stops in but doesn't post.
Zero2Cool (29-Jun): Last I remember of her is complaining about the back alley, rather than just AVOIDING IT. Annoying.
Cheesey (29-Jun): I agree. Happy B-day "Illy Jules!"Wish you were still here!
Wade (28-Jun): Happy birthday, Julie, wherever you are.
Zero2Cool (28-Jun): Today's Birthdays: 4PackGirl (47)
Zero2Cool (24-Jun): ;-)
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