Brett Favre, the only NFL player to win the MVP award three times, will finish his career with the Green Bay Packers.
"I do want to be a Packer for life," the 31-year-old quarterback said Friday.
The lifetime extension reportedly will be for 10 years, making Favre the NFL's first $100 million player. His contract would top the $90 million contract the Washington Redskins gave halfback Stephen Davis last year.
However, Favre's contract, which includes a $10 million signing bonus, is essentially a six-year deal for salary-cap purposes. The final few years of the contract include highly inflated salaries that Favre will never earn. He has said he doesn't intend to play beyond 2006.
"I couldn't envision myself playing with another team--don't want to," Favre said. "If that was to ever come up, I probably would just retire. I've made enough money to where I don't need to jump ship and go somewhere else. It was just important to me to stay here."
Sehorn cashes in: Jason Sehorn restaked his claim to being the NFL's highest-paid cornerback, re-signing with the New York Giants less than 24 hours after becoming an unrestricted free agent.
Terms were not immediately available, but the deal reportedly is worth $36 million over six years, including a $10 million signing bonus. Atlanta cornerback Ray Buchanan signed a six-year, $36 million contract last month, collecting an $8 million signing bonus.
Bettis sticks with Steelers: The Pittsburgh Steelers signed unrestricted free-agent running back Jerome Bettis to a six-year, $30 million contract. The deal includes a $6 million signing bonus and incentives that could make the contract worth $35 million.
"It's an opportunity to retire a Pittsburgh Steeler," Bettis said.
Leaf lands with Bucs: Ryan Leaf, a bust during three troubled seasons with the San Diego Chargers, will get a chance to revive his career with the Tampa Bay Buccaneers.
The Bucs claimed the bad-boy quarterback off waivers. The Chargers still owe Leaf the final $2.95 million installment of his $11.25 million signing bonus.
Seahawks grab Hasselbeck: Seahawks coach Mike Holmgren was reunited with Matt Hasselbeck when Seattle acquired the former Green Bay Packers backup quarterback. Hasselbeck will become Seattle's starting quarterback next season, Holmgren said.
The Seahawks exchanged first-round draft choices with the Packers for Hasselbeck and also sent their third-round pick to Green Bay. Seattle gave up its 10th selection for Green Bay's 17th pick. The Seahawks also will draft seventh in the first round of the April draft.
Bears eye punter: New York Giants punter Brad Maynard will be the first free agent to visit the Bears on Saturday, underscoring their intent to proceed slowly during this year's free-agent period.
A third-round draft choice of the Giants in 1997 out of Ball State, Maynard's primary qualification is his experience punting often and in windy Giants Stadium. He is the only player who punted more than 100 times in both 1997 and 1998. Last season, he averaged 40.6 yards, a four-year low, on a career-low 79 punts for the NFC champions.
Titans keep Mason: The Tennessee Titans re-signed wide receiver-kick returner Derrick Mason to a five-year deal worth a reported $23.45 million, including a $4.45 million signing bonus.
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