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

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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 (3-May): Packers annual shareholders meeting will be held on July 21 at 11 a.m.
Zero2Cool (2-May): Packers decline option on former first-round pick Datone Jones
Zero2Cool (2-May): For the public
Zero2Cool (2-May): OTA practices: May 24, June 2 and June 6
Smokey (1-May): Pecan Waffles !
gbguy20 (30-Apr): i like waffles
Mucky Tundra (30-Apr): mmm Waffles
IronMan (30-Apr): seriously. Waffle House
IronMan (30-Apr): Waffle House!
Mucky Tundra (29-Apr): In unrelated news, a six figure sum was wired to Dr James Andrews bank account in the Cayman Islands
Zero2Cool (29-Apr): Dr. James Andrews, who examined Myles Jack in December, told the UCLA LB today that he does not need micro-fracture surgery.
wpr (29-Apr): 64321 is still available
Mucky Tundra (29-Apr): thanks wpr, now i have to change it :(
wpr (29-Apr): Right. Mucky is 12346. Big difference.
Mucky Tundra (29-Apr): because i'm smarter than he is ;)
Zero2Cool (29-Apr): 12345 didn't fare well for Tunsil, what makes you think it will for you?
Mucky Tundra (29-Apr): I don't want to reset my password
Zero2Cool (29-Apr): First round is over. Reset your passwords.
Zero2Cool (29-Apr): Thompson on Clark: We thought he was the best player available.
IronMan (28-Apr): Brady won his appeal. no suspension.
Yerko (28-Apr): Happy Draft Day everyone!
Pack93z (28-Apr): Buckeye players that is... speaking of that, anyone see Buckeye around?
Pack93z (28-Apr): You certainly can have enough Buckeyes.... and 1 is probably too many. lol.
Zero2Cool (27-Apr): draft chat party tomorrow boys/girls welcome come all
wpr (27-Apr): Hawk is a FA
IronMan (27-Apr): AJ Hawk is still in the NFL?
FLORIDA PACKER88 (27-Apr): You can Never have Enough Buckeyes! Lets sign Lil animal Laurinitis and Hawk and put em both in the middle! ;)
wpr (26-Apr): 48 hrs until Christmas!
Zero2Cool (26-Apr): We have one too many Buckeye on the team already!!
Porforis (26-Apr): AJ Hawk released. Lol if the packers picked him up, would make for some spirited debate
Zero2Cool (25-Apr): Tom Brady re-suspended for four games. Boring.
Zero2Cool (25-Apr): and next year it'll take 24 seconds to do 2017 ;-)
Zero2Cool (25-Apr): 2016 NFL Pick'em schedule ... done!
IronMan (25-Apr): ball for 14 seconds and doesn't even get a shot off. lol
IronMan (25-Apr): So the Hawks call a TO with 15 seconds left, the coach scribbles some play down on the board. They inbound it to Teague and he holds the bal
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