Originally Posted by LockeJET
WTF is wrong with some of you people? Sanchez is still basically on the same 2 year deal he had left. The last 3 years are bascially up too the Jets. All the while it created more cap space for us this season which is much needed. The extension means nothing if he doesn't play well. So nothing really has changed except the fact we have more cap room. WFT is so hard to understand?
The major difference is that he is guaranteed for 2 years now. Before the extension, the Jets could have cut his underachieving ass at the end of 2012 with little cap consequence beyond the nominal 5th year of amortization of his original signing bonus. Now it will cost them an extra $8 million in cap space beyond that to let him go at the end of 2012. Moot point if he plays well, but if he sucks yet again we may be scratching our heads wondering if the $6.4 million in 2012 cap savings was worth having to keep Sanchez another year or losing $8 million guaranteed in cap money for 2013 if he is released anyway.