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)
Rank: Premier Member

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

United States
Joined: 10/13/2006(UTC)
Location: Green Bay, WI
Applause Given: 2,312
Applause Received: 3,560
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 (24-Jun): ;-)
Zero2Cool (24-Jun): Because reading and wondering "typo or bullshit abbreviation" is fucking awesome!!
Zero2Cool (24-Jun): I think we should all use a shit load of abbreviations to infuriate readers.
Wade (23-Jun): Thuji the Magnificent lhasa apso, 17 lbs, and a bit over 4 y.o.
Zero2Cool (23-Jun): Hmm, that speed "fix" didn't seem to work. ;-)
Porforis (22-Jun): My 62-pound German Shepard/Husky/Doberman mix turned 1 yesterday.
yooperfan (21-Jun): I have a Wire haired Pointing Griffon. Fabulous dog. 75 pounds.
yooperfan (21-Jun): Thanks guys.
wpr (21-Jun): Congrats Yoop. I'm still a couple of years away.
Laser Gunns (20-Jun): thinking about getting a puppy since my bro is leaving. Anyone recommend a breed? Bigger dog preferred :D
Cheesey (20-Jun): congrats Yoop!
yooperfan (20-Jun): Yesterday was my 1st Fathers Day as a grandfather!
buckeyepackfan (20-Jun): Not a huge BB fan but. CAVS WIN! CAVS WIN! CAVS WIN!
wpr (19-Jun): Happy Fathers Day to you all.
Zero2Cool (19-Jun): Happy Father's Day fellas
wpr (17-Jun): You can get a nice deal on Shark's gear.
wpr (17-Jun): The major sports leagues always gouge on championship goods.
Zero2Cool (16-Jun): That's a bit pricey. I won't even pay that for a Packers hat lol
dhazer (16-Jun): $30
Zero2Cool (13-Jun): Definitely. How much it cost!??
dhazer (13-Jun): Kevin you want me to grab you a championship hat?
Smokey (8-Jun): No Dairy ! ?
TheKanataThrilla (8-Jun): Rodgers on a vegan diet...with red meat and chicken. OK, but no dairy.
Cheesey (7-Jun): I went to the Favre charity softball game many years ago. It was a lot of fun! ENJOY IT!
wpr (5-Jun): Ali was the GOAT
Smokey (4-Jun): RIP Mohammad Ali
wpr (4-Jun): Nope. Have a great time gbguy.
gbguy20 (4-Jun): Anyone ever been to the jordy nelson charity softball event? Got tickets from my boss.
Porforis (3-Jun): I abstain because hockey.
Zero2Cool (3-Jun): Penguins 2, Sharks 0. What up!!!
Cheesey (2-Jun): I don't know...in a shark VS. a penguin, the penguin ends up being a snack.
Zero2Cool (2-Jun): Damn. That's right! Ugh! Me = powerless!!!!
wpr (2-Jun): Not if Craig, Shawn or I don't think so. Bahahaha
Zero2Cool (2-Jun): You better be rooting for Penguins > Sharks or you get banned!! Bahahahaha
Zero2Cool (2-Jun): NHL Stanley Cup Finals. They are up 2 - 0 over the San Jose Sharks.
Please sign in to use Fan Shout

Current Headlines

Road To Super Bowl LI
Sunday, Sep 11 @ 12:00 PM
at Jaguars
Sunday, Sep 18 @ 7:30 PM
at Vikings
Sunday, Sep 25 @ 12:00 PM
LIONS
Sunday, Oct 2 @ 12:00 AM
BYE
Sunday, Oct 9 @ 7:30 PM
GIANTS
Sunday, Oct 16 @ 3:25 PM
COWBOYS
Thursday, Oct 20 @ 7:25 PM
BEARS
Sunday, Oct 30 @ 12:00 PM
at Falcons
Sunday, Nov 6 @ 3:25 PM
COLTS
Sunday, Nov 13 @ 12:00 PM
at Titans
Sunday, Nov 20 @ 7:30 PM
at Redskins
Monday, Nov 28 @ 7:30 PM
at Eagles
Sunday, Dec 4 @ 12:00 PM
TEXANS
Sunday, Dec 11 @ 3:25 PM
SEAHAWKS
Sunday, Dec 18 @ 12:00 PM
at Bears
Saturday, Dec 24 @ 12:00 PM
VIKINGS
Sunday, Jan 1 @ 12:00 PM
at Lions

Think About It
Think About It

Recent Topics
11h / Green Bay Packers Talk / RaiderPride

14h / Green Bay Packers Talk / sschind

20h / Green Bay Packers Talk / PackFanWithTwins

21h / Green Bay Packers Talk / nerdmann

22h / Green Bay Packers Talk / DarkaneRules

25-Jun / Green Bay Packers Talk / Barfarn

24-Jun / Green Bay Packers Talk / DoddPower

24-Jun / Green Bay Packers Talk / Zero2Cool

24-Jun / Green Bay Packers Talk / Smokey

22-Jun / Green Bay Packers Talk / wpr

21-Jun / Green Bay Packers Talk / wpr

19-Jun / Green Bay Packers Talk / sschind

17-Jun / Green Bay Packers Talk / wpr

17-Jun / Green Bay Packers Talk / PackerTraxx

17-Jun / Green Bay Packers Talk / DarkaneRules


Tweeter