quote:
Source: Sanchez deal has $20.5 million in real guarantees
Posted by Mike Florio on March 10, 2012, 8:42 AM EST
AP resisted repeating any of the various reports that emerged last night regarding Mark Sanchez’s new contract because the word “guarantee” was being thrown around casually, like it was when Donovan McNabb got $40 million guaranteed from the Redskins in 2010 — and the truth was that he got only $3.5 million.
Per a source with knowledge of the deal, Sanchez will receive $20.5 million in fully guaranteed money over the next two seasons as part of his new contract, with no offsets.
It means that Sanchez will be the starting quarterback for at least two more seasons — unless the Jets are willing to pay him the same amount not to be.
The extension pays out $40.5 million total, pushing his total deal to five years and $58.25 million. And, for now, it puts Sanchez at No. 6 or No. 7 on the quarterback pay list.
LMAO. 21 mil for what? Dude is about as pedestrian a QB as they come.
Can only imagine what