Zero2Cool
15 years ago

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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dfosterf (1-May) : Not going to be shocked if Gilmore goes to the Lions.
dfosterf (1-May) : I hear you dhazer, but my guess would be Gilmore Colts and Howard Vikings from what little has been reported.
Mucky Tundra (30-Apr) : S learn from McKinney who learns from Hafley who learns from the fans. Guaranteed Super Bowl
Zero2Cool (30-Apr) : could*
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dhazer (29-Apr) : out of curiosity do they try and sign Simmons or Hyde to let these young safeties learn from, they can't be day 1 starters.
Zero2Cool (29-Apr) : I miss having Sam Shields.
Zero2Cool (29-Apr) : Not that he's making excuses, just pointing it out
Zero2Cool (29-Apr) : That's for dang sure. Make our erratic kicker have no excuse!
packerfanoutwest (28-Apr) : having a great long snapper is gold
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Zero2Cool (28-Apr) : Thanks Mucky and whomever created topcos for each pick!
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dfosterf (28-Apr) : Putring it here so Mucky sees it. He was our guy!
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dfosterf (28-Apr) : I personally interpret that as a partial tear that can be recovered from with rehab
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Mucky Tundra (28-Apr) : damn those vikings
beast (27-Apr) : UDFA Vikings sign TE – Trey Knox, South Carolina
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beast (27-Apr) : OL – Donovan Jennings, USF OT – Trente Jones, Michigan
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dhazer (27-Apr) : wow the last 2 picks are really stupid and probably will be special teams players Top 10 draft pick next year book it
TheKanataThrilla (27-Apr) : I think he ended up with a terrible RAS score
dhazer (27-Apr) : Anyone know what went on with Kitchens from Florida? At 1 point he was to be the Packers 1st round and he is way down the board now
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