Just in, the Jets and quarterback Mark Sanchez have agreed on a contract. According to the Daily News, the deal is for 5 years and $28 million in guaranteed money. That would make him the highest-paid player in team history.
It was obviously expected both sides would reach a deal without a problem. The biggest thing, as noted in the article, is that the contract is for 5 years and not 6. Most Top-5 quarterbacks in the draft get a 6-year deal (Matt Stafford, the #1 pick, got 6 years and about $42 million from the Lions). The advantage here is for Sanchez, who can become a free agent a year early.
Nothing further is available at this point, but Sanchez as well as Jets GM Mike Tannenbaum will speak to reporters after the afternoon practice, which began at about 4:10 PM.
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