New York Jets: Breaking Down What Mark Sanchez’s Contract Extension Really Means

March 10, 2012   ·   Gary Davenport   ·   Jump to comments

After the New York Jets' reported interest in free agent quarterback Peyton Manning was rebuffed when the four-time NFL MVP's camp informed the team that Manning was not interested in taking his talents to the same city as little brother Eli, the Jets wasted no time circling the wagons and mending fences with their starting signal-caller, agreeing to terms with Mark Sanchez on a three-year, $40.5 million contract extension, as reported by Manish Mehta of the New York Daily News.
Gang Green signed Sanchez to a three-year extension for $40.5 million on Friday night, and he now has five years remaining on his deal for a total of $58.25 million. Sanchez, who had two years remaining on his rookie deal, will earn $20.5 million fully guaranteed over the next two seasons, according to a source.  
The deal has sent many supporters of the Jets into a frenzy after New York struggled through a 2011 season filled with more melodrama off the field than success on it, and although ...

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