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Jets | Pennington could be released
Sat, 18 Feb 2006 06:18:54 -0800
Rich Cimini, of the New York Daily News, reports a person close to New York Jets QB Chad Pennington seemed resigned Friday, Feb. 17, to the likelihood of the quarterback being released in the coming days. "It looks like they're ready to move on," the person said of the Jets. The moment of truth likely will occur next week, when GM Mike Tannenbaum and Pennington's agent, Tom Condon, are expected to meet at the NFL Combine in Indianapolis. It will take a lot of bending from both sides to produce a reworked contract. Pennington is scheduled to make a total of $9 million in 2006 (a $3 million roster bonus, due March 3, plus $6 million in base salary), but he is being asked to take an almost-unheard-of reduction. The Jets want him to forfeit the bonus and reduce his base pay to $1 million, with a chance to recoup the difference with playing-time incentives. There is always a chance the stalemate could end before March 3, but both sides appear entrenched in their positions.
Sat, 18 Feb 2006 06:18:54 -0800
Rich Cimini, of the New York Daily News, reports a person close to New York Jets QB Chad Pennington seemed resigned Friday, Feb. 17, to the likelihood of the quarterback being released in the coming days. "It looks like they're ready to move on," the person said of the Jets. The moment of truth likely will occur next week, when GM Mike Tannenbaum and Pennington's agent, Tom Condon, are expected to meet at the NFL Combine in Indianapolis. It will take a lot of bending from both sides to produce a reworked contract. Pennington is scheduled to make a total of $9 million in 2006 (a $3 million roster bonus, due March 3, plus $6 million in base salary), but he is being asked to take an almost-unheard-of reduction. The Jets want him to forfeit the bonus and reduce his base pay to $1 million, with a chance to recoup the difference with playing-time incentives. There is always a chance the stalemate could end before March 3, but both sides appear entrenched in their positions.