Pennington signs 7 year contract extension

[BillsRockSOMUCH]

Chad Pennington agreed to a $64 million, seven-year contract extension with the New York Jets on Wednesday that includes $23 million in guaranteed money.

A source familiar with the negotiations, speaking on the condition of anonymity, told The Associated Press that Pennington will average $9.172 million a year. The quarterback, entering his fifth season, also receives the second-largest amount of up-front money, behind only Indianapolis quarterback Peyton Manning, who got a $34.5 million signing bonus earlier this year. The total value of Pennington's deal is $64.197 million.
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[Mr. Cynical]

Smart move IMO. Pennington is special and you can't let a QB like that get away from you. For some perspective, since Kelly left we've had 2 winning seasons in 7 years.

I think the Jets are going to be a major pain in the ass over the next bunch of years.

[ScottLawrence]

Smart move IMO. Pennington is special and you can't let a QB like that get away from you. For some perspective, since Kelly left we've had 2 winning seasons in 7 years.

I think the Jets are going to be a major pain in the ass over the next bunch of years.

Yep.

9 million a year is a lot to pay him and, they still have to sign there other top free agents next year.(Ellis, Abraham, Jordan, Becht, McKenzie)

[The Spaz]

Yep.

9 million a year is a lot to pay him and, they still have to sign there other top free agents next year.(Ellis, Abraham, Jordan, Becht, McKenzie)

Exactly and that is why the Jets, Colts and a few others who pump so much money into 1 player they won't be able to go out in FA and make some acquisitions that could help them.

[ScottLawrence]

Exactly and that is why the Jets, Colts and a few others who pump so much money into 1 player they won't be able to go out in FA and make some acquisitions that could help them.

Well, Jets will have plenty of cap room next year.(Something around 25 Million before the Pennington signing so, now they probably have around 14 Million.) I don't think thats enough to sign both there top DE's and there best Tackle in McKenzie.

[BillsRockSOMUCH]

9 million a year is a lot to pay him and, they still have to sign there other top free agents next year.(Ellis, Abraham, Jordan, Becht, McKenzie)

That is true, I agree expect I'd hardly call Becht a top free agent.

[BillsRockSOMUCH]

Well, Jets will have plenty of cap room next year.(Something around 25 Million before the Pennington signing so, now they probably have around 14 Million.) I don't think thats enough to sign both there top DE's and there best Tackle in McKenzie.

I wonder whether they'd rather sign Ellis or Abraham...I don't know if they'll be able to keep both.

[ScottLawrence]

I wonder whether they'd rather sign Ellis or Abraham...I don't know if they'll be able to keep both.

I'd rather go for Abraham considering how great of a pass rusher he is when healthy.... But, I think they'll go for Ellis who is better in the run and slightly worse rushing the passer which isn't a bad thing.

Maybe they can sign both... but, I doubt it.

McKenzie is also one hell of a Tackle and, Jordan is probably there future running back.

[Icer]

The Jets are already working on a deal with Ellis.

John Abraham has too many off-field incidents and injuries that they are going to let the year play out. And maybe Franchise-tag him or McKenzie when the season is up.

Kareem McKenzie is as good as gone anyway, his agents are the Postons.

Becht sucks, and there are plenty of RB's available to draft along the line to eventually replace Martin.

The deal isn't really that bad if you look at it, it certainly doesn't handcuff there future. Although they probably cant go out and sign Chris McAlister they have plenty of space, like $14 million more just for '05.

Is that even including the fact that the cap might be raised again? Probably not, so there you go.

You also have to consider a rookie got a $20 million dollar signing bonus, having never taken a down in the NFL or won a game. Pennington in 02' showed he could lead a team with a subpar cast deep into the playoffs, fair market value. You dont let franchise QBs walk away.

[Mr. Cynical]

Exactly and that is why the Jets, Colts and a few others who pump so much money into 1 player they won't be able to go out in FA and make some acquisitions that could help them.

Considering Indy's record with Manning I would argue it was/is worth it. As for Pennington only time will tell, but given what I've seen of him I have little doubt he will take the Jets to the next level.

[The Natrix]

Yeah, it's defintely worth paying a QB like Manning or Pennigton. When you have a QB that needs all the pieces around him perfect in order to have success, increased costs are incurred on those said pieces. However, the resulting offensive production is usually about the same or worse compared to a Manning or Pennington type offensive philosophy. Look at all the great offenses in history. They were all lead by pretty damn good QBs. I don't buy the whole "the QB is just 1/11 of the offense thing" whereas I think on defense each position has about the same importance. Okay, now I'm just rambling.

[The Spaz]

We'll find out how good Manning is when he loses Harrison and or James.

[The Spaz]

Considering Indy's record with Manning I would argue it was/is worth it. As for Pennington only time will tell, but given what I've seen of him I have little doubt he will take the Jets to the next level.

Yes he has a good record but the ultimate goal is the SB. Will he be able to lead th eteam to the SB with no help around him?

[Mr. Cynical]

Yeah, it's defintely worth paying a QB like Manning or Pennigton. When you have a QB that needs all the pieces around him perfect in order to have success, increased costs are incurred on those said pieces.

Good point. The trick is to avoid paying a QB that kind of money AND still needing to surround him with the perfect pieces. I won't mention any names but I think you can figure out a good example of that.

[The Spaz]

Good point. The trick is to avoid paying a QB that kind of money AND still needing to surround him with the perfect pieces. I won't mention any names but I think you can figure out a good example of that.

Also it is known 1 player doesn't make a team or lead them to victory.:wink: