T D’Brickashaw Ferguson becomes the first of a long list of pending Jets free agents as he agrees to a monster contract exension. JI sources say Mangold is still far from a deal.
ESPN is reporting that the Jets have agreed in principle to a six year contract extension worth over $60MM with almost $34MM guaranteed. He currently has one more year left on his current deal so he is locked up with Gang Green until 2016.
Ferguson, the Jets top pick in 2006 now is tied with Miami’s Jake Long with the highest average salary for an NFL tackle.
With Ferguson signed the Jets now have three more core players that are looking for new deals in CB Darelle Revis, LB David Harris and C Nick Mangold. The team also has two star WR’s that are entering the last year of their contracts in Braylon Edwards and Santonio Holmes.
ESPN mentioned that Ferguson’s agent Brad Blank commented that his client’s deal would mean other contracts would soon follow. This may be true but according to our sources Mangold will NOT be the next in line to get paid.
JetsInsider.com Draft Expert and NFL Insider Tony Pauline of SI.com and JI’s sister site, DraftInsider.net told us earlier this evening that while the team wants to re-sign Mangold this year, the signing bonus he’ll require to get the contract done is presently too rich for the teams taste
Pauline’s sources confirmed that any contract extension given to the Pro Bowl center today would have to include a guaranteed $25-million, paid out over three years. The present collective bargaining agreement, specifically the clause known as the 30% rule would make this type of guarantee an impossible.
The Jets could circumvent this problem by advancing Mangold the money in the form of an upfront signing bonus. However, at present time the team is unwilling to part with the $17-million bonus needed for the deal.
The more likely scenario is once a new CBA is hashed out between the owners and the NFLPA, the negotiations will get more serious. He’ll likely be in line for a contract which guarantees him something near the amount of $30 million.
The same source also said it’s likely the team would put the franchise tag on Mangold rather than taking a chance of losing him in free agency.
In other news, the Jets signed second round pick Vladmir Ducasse to a four year $3.25mm deal. Ducasse will be competing with second year man Matt Slauson for the left guard spot formerly held by Alan Faneca who was released earlier in the spring.
First round pick Kyle Wilson is now the only unsigned rookie draft pick left.