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Jets sign QB Pennington to extension

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  • Jets sign QB Pennington to extension

    NEW YORK - Just beating the deadline set by their quarterback, the New York Jets have made Chad Pennington the highest-paid player in franchise history.

    The Jets announced Wednesday that they have finalized a contract extension with Pennington on a deal reported to be worth $23 million in guaranteed money over seven years. Incentives and bonuses could push the value of the pact to $64 million.

    "I understand the hard work that the entire Jets' organization and my agency have put into the contract," Pennington said. "It has been a total team effort and I appreciate the patience on both sides."

    Pennington's agent, Tom Condon, and Jets assistant general manager Mike Tannenbaum spent the last week working out the deal.

    "I am extremely excited about being a Jet for a long time," Pennington said. "Most importantly, I am looking forward to leading our organization to the ultimate prize, a Super Bowl Championship."

    Pennington, who was eligible to become an unrestricted free agent after the 2004 season, had set a September 1 deadline for a new contract.

    The New York Giants recently gave quarterback Eli Manning, the No. 1 overall pick in the 2004 draft, a six-year contract worth $45 million, with another $9 million in incentives.

    The Jets surpassed that for Pennington, who took over as the team's starter during the 2002 season and led the NFL with a quarterback rating of 104.2, completing 69 percent of his passes for 3,120 yards and 22 touchdowns with six interceptions.

    Last August, Pennington broke his left wrist in a preseason game and missed the first six games of the regular season. He completed 189-of-297 passes for 2,139 yards and 13 touchdowns with 12 interceptions.

    A first-round pick in 2000, Pennington played in just three games as a backup in his first two seasons.

    "Chad has all the characteristics of a true role model," New York head coach Herm Edwards said. "He has a great command and presence on the football field and is a team leader. Jets' fans need to know one thing about Chad Pennington; he'll do whatever it takes to lead this team to a championship."

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  • Nick
    Abraham intent on resigning with Jets
    by Nick
    December 4, 2004 -- JET NOTES

    John Abraham has played for the Jets the last four years, and if he has his way, he'll be back again for another tour in green and white when his contract expires at the end of the season.

    He will give the Jets special consideration, because this has been his home since the defensive end was drafted No. 13 overall in 2000, and because this is the team with whom he has grown into a man. His teammates are special to him, and Abraham echoed the remarks Shaun Ellis made last week. When the Jets signed Ellis to a six-year extension he said his coach, Herman Edwards, and the guys he plays alongside played a major role in his decision not to test free agency. Abraham agrees.

    "Once you're with a team and you're talking with that team, you have to respect that team," Abraham told The Post yesterday. "You'd kind of like to stay with that team. But I understand the rules and regulations."

    Like NT Jason Ferguson, RB LaMont Jordan, RT Kareem McKenzie and TE Anthony Becht, Abraham's contract will expire at the end of the season and there is widespread fear the Jets will not be able to retain all of their talented free agents.

    However, the Jets could put their franchise player tag on Abraham, which would make him one of the highest paid defensive ends in the league, but would only keep him under contact with the club for one more season if a long-term deal can't be reached.

    Last week, Ellis joined Chad Pennington as the only two Jets issued contract extensions, money spent that surely will affect the Abraham negotiations.

    "Honestly, I know the options that I have, and that I'm gonna have," Abraham said. "I'm happy for Shaun . . . it's kinda over for now, but I'm not really worried about it."

    Abraham, 26, is second in the NFL with 91/2 sacks and appears headed to his third Pro Bowl this year.

    But more importantly, he may not be headed out of town quite yet.
    -12-04-2004, 10:16 AM
  • Nick
    JETS - CB Law's agent Carl Poston meeting with team today
    by Nick
    Law in order for Jets' 'D'
    Wednesday, August 3rd, 2005

    The Jets' pursuit of free agent Ty Law is getting serious.
    Law's Houston-based agent, Carl Poston, is scheduled to arrive in New York today to meet with Jets assistant general manager Mike Tannenbaum, Poston told the Daily News yesterday.

    The face-to-face negotiating session is an indication the Jets could be getting close to a deal with the former All-Pro cornerback, who would be the biggest free-agent acquisition of the Terry Bradway/Herm Edwards era.

    Law, who has worked out for the Lions, Chiefs and Jaguars, will not accompany Poston on the trip, the agent said.

    The Jets are believed to be the frontrunners for Law, who has offers from the Jaguars and Chiefs. The Rams also placed an inquiry yesterday, a source said.

    Asked if his trip to New York should be interpreted as a sign discussions are heating up, Poston said, "It's a good sign. I don't know if I'd use the words 'heating up.'

    "The Jets have always shown some interest," he continued. "I told them that if they were serious, I'd come on up. It's always positive that we're talking, and it's better to meet face to face."

    Poston said he doesn't expect to finalize a deal today, but he quickly added, "You never know if you're on the 5-yard line or the 50." He's scheduled to have dinner with Tannenbaum, the Jets' contract negotiator.

    That the Jets didn't invite Law for a workout is somewhat curious. Law suffered a season-ending foot injury last October, a complicated fracture that required surgery.

    Some league officials believe Law still isn't 100%, although the former Patriots star has said recently he's healthy.

    It's possible the Jets will bring in Law at a later date. A deal would be contingent upon him passing the team's physical.

    "Obviously, they're going to take a look at him at some point," Poston said. "I just want to make sure we get the numbers squared away first."

    Law, a four-time Pro Bowl selection and a three-time Super Bowl champion, is believed to be seeking about $14 million in a signing bonus. That would be the second biggest bonus in Jets history, behind Chad Pennington ($18 million).

    The Jets aren't going to pay him nearly that much, but their need for a cornerback and Law's desire to play for a contender could create enough incentive for both sides to meet in the middle. The Jets have been careful not to get into a situation where they're bidding against themselves.

    "I'd like to think we're in the same (financial) ballpark," Poston said, adding, "but one side might be in left field and the other side might be in right."

    The Jets' interest in Law intensified...
    -08-03-2005, 02:41 PM
  • Ramendola16
    Santonio Holmes agrees to re-sign with Jets
    by Ramendola16
    Santonio Holmes agrees to re-sign with Jets
    Updated: Wednesday, July 27, 2011, 11:20 AM

    The Jets have gotten their top free-agent priority: receiver Santonio Holmes.
    After the Jetsmade an offer yesterday evening, Holmes has agreed to re-sign with the team, per a person informed of the move. That person requested anonymity because the move cannot be made official until Friday.

    According to ESPN, the terms will be five years, $50 million, with $24 million guaranteed.
    Signing Holmes doesn't mean the Jets are out of the hunt for receiver Braylon Edwards, though. Much of what they do over the next hours and days depends on how aggressively they throw themselves into the sweepstakes for free-agent cornerback Nnamdi Asomugha.

    The Jets' top priority now is a cornerback, the best available at a price that works for them. That could mean chasing Asomugha or re-signing Antonio Cromartie, or looking elsewhere, such as Ravens free-agent cornerback Chris Carr.

    Edwards congratulated Holmes on his Twitter account, writing: "Congrats to @santonio10 Great player and good friend!"

    The Jets traded for Holmes last year, swapping a fifth-round draft pick with the Steelers. Holmes, a former Super Bowl MVP, made four game-winning plays in his first six games with the Jets last year.

    Not sure how many of us were interesting in trying to grab Holmes, but he's off the market now.
    -07-27-2011, 08:41 AM
  • r8rh8rmike
    Plaxico Buress Will Sign With Jets
    by r8rh8rmike
    Plaxico Burress will sign with Jets

    NEW YORK -- Forget about Braylon Edwards. Forget about Randy Moss. The New York Jets stayed local, signing former Giants Super Bowl star Plaxico Burress to a one-year contract, the team announced Sunday morning.

    Burress' deal is worth $3.017 million, fully guaranteed, league sources told ESPN Insider Adam Schefter.

    The Jets, who showed interest two years ago before Burress served a 20-month prison sentence on gun charges, stepped up their pursuit Friday, the same day Burress visited the Giants to discuss the possibility of playing there.

    On Saturday, Burress visited the Pittsburgh Steelers, his first team, where he told former teammates that the Jets wanted him badly. He also reportedly met with the *****.

    Burress will team with another former Steeler, Santonio Holmes, in what should be one of the most compelling receiving tandems in the league.

    The Jets re-signed Holmes to a five-year, $50 million contract and decided to move on from Edwards, who refused to lower his asking price.

    Burress hasn't played since the 2009 season, which ended abruptly for him when he accidently shot himself in the leg at a New York City nightclub.

    Burress, who turns 34 on Aug. 12, caught the game-winning touchdown in the Giants' upset of the unbeaten New England Patriots in the 2008 Super Bowl, before his career derailed.

    His second chance at the NFL comes with a team that was interested in him a few years ago before he went to prison. Now, he'll likely join the recently re-signed Holmes as Mark Sanchez's top receivers.

    Because of the NFL post-lockout rules, Burress can't practice with the team until Thursday. But clearly, the Jets were confident the former Pro Bowl receiver has a lot left as they try for a Super Bowl run. Burress gives Sanchez a big receiver -- he's 6-foot-5 -- to complement Holmes, Jerricho Cotchery, Dustin Keller and a solid running game with Shonn Greene and LaDainian Tomlinson.

    Burress has 505 catches for 7,845 yards and 55 touchdowns in his NFL career with the Steelers and Giants.

    He caught 35 passes for 698 yards and five touchdowns in his final year with Pittsburgh in 2004 as the Steelers slowly broke in Ben Roethlisberger, a rookie at the time. Burress moved on to New York, where he thrived catching balls from Eli Manning, but often ran into trouble with coach Tom Coughlin.

    The move softens the blow for the Jets after losing out on getting cornerback Nnamdi Asomugha, who was New York's top priority after re-signing Holmes. But Asomugha surprisingly signed with Philadelphia, and the Jets were forced to turn their attention elsewhere.

    Burress wrote on his Twitter page: "East Coast here I come!"
    -07-31-2011, 10:06 AM
  • Nick
    Jets MLB Cowart wants to be traded
    by Nick
    Jets: Cowart wants trade; Abraham tagged
    Wednesday, February 16, 2005
    Star-Ledger Staff

    Jets veteran middle linebacker Sam Cowart, who lost his starting job to rookie Jonathan Vilma after suffering a sprained left knee in Week 2, has asked the club to trade or release him, a team official said yesterday.

    And in another development, the Jets have officially notified the representatives for Pro Bowl defensive end John Abraham of their intention to place the franchise tag on him. Abraham will earn $6.66 million this season.

    Cowart, who just completed his seventh NFL season, has told the team he wants to go to a team where he'll have an opportunity to start. At 29, Cowart feels he still has a lot of football left in him and doesn't want to sit behind Vilma, who was named NFL Defensive Rookie of the Year.

    Cowart's agent, Paul Healy, would neither confirm nor deny his client wants out.

    "Any discussions between myself, Sam and the Jets are private," Healy told The Star-Ledger. "I spoke with the Jets last week but what was discussed is none of your business."

    Cowart, a former Pro Bowler with the Buffalo Bills, has three years left on his contract. He has a base salary of $1.5 million in 2005 with a $500,000 roster bonus due next month. His cap number is $2.9 million. He provides the Jets with quality depth and the flexibility to switch from a 4-3 to 3-4 alignment.

    After struggling in his first two seasons with the Jets while playing outside, Cowart returned to the middle last season and began the year strongly. In the opener against Cincinnati, he had a team-high 13 tackles and forced a fumble that was returned 41 yards for a touchdown by cornerback Donnie Abraham. The following week, he was injured in the second quarter against the Chargers and was sidelined six games. He finished the season with just 23 tackles in nine games, two starts.

    Abraham, who earned his third Pro Bowl berth last season, was officially designated the Jets' franchise player on Monday when his representatives received a letter from the club. The Jets have yet to make an announcement.

    "It wasn't a surprise," said agent Rich Rosa, who represents Abraham along with Tony Agnone. "John knew it was coming. At this point, we're going to move in the direction John wants us to and that's working toward a long-term agreement."

    Bills: Buffalo has decided to release quarterback Drew Bledsoe and is expected to announce the decision today, Fox reported last night.

    Due to league rules, Buffalo can not officially release Bledsoe until Feb. 22, but the veteran has already been informed of the decision. J.P. Losman, a second-year player who attempted just five passes last season, will take over as the Bills quarterback.

    -02-16-2005, 09:52 AM