Originally Posted by crasherino
If he continued on the upward trajectory and established himself as the Jets QB of the next 5-10 years, it would have been a good deal. Unfortunately, there's a downside that he never considered or at least adequately considered.
And the bottom line was: It didn't NEED to be done. He still had 2 years remaining on his deal. After missing out on Peyton, you got the feeling that Tanny wanted to do SOMETHING, which ended up being a disaster.
You could say it 'needed' to be done because of the situation - a young QB coming off a terrible year, and an especially terrible finish, after a couple of good finishes and the hope that he would get back on track and continue to grow. So you worry about his confidence, you worry about his mental state in general. Then Peyton Manning becomes available, and you feel you have to pursue him. But you lose. Then Peyton to Denver makes Tim Tebow available, coming off of full blown Tebow-mania, and you can't resist. So if you were even a little concerned with your QB's mental state, you've now ****ed him twice. Only thing you can do to show confidence and try to not have him feeling a pick-six away from the exit is to throw money and years at him.
IMO, if you have half a brain for this sort of thing, and you were of a mind where you desperately wanted Manning, and then when you lost him you desperately wanted Tebow, you should re-evaluate how bad you really want your young QB and try to move him then, when there was still hope that the season was an aberration (before 2012 comes along and removes any doubt) and, probably more importantly, his contract was totally manageable.
So while I can see where they might have thought the situation made the contract extension a necessity, the situation was entirely their fault.