Jets sign QB Mark Sanchez to three-year extension

Newark Star-Ledger - [Full Article]

The Jets have signed quarterback Mark Sanchez to a three-year extension worth $40.5 million, keeping him under contract through 2016.

Sanchez is now slated to earn $58.25 million over the next five years, with $10 million in potential escalators pushing the maximum value over that time span to $68.25 million (and the maximum value of the three new years to $50.5 million). Sanchez is now catapulted to become either the sixth or seventh highest paid quarterback in the NFL

Fantasy Impact: 

This move locks Sanchez in as the Jets starter for at least the next two years, a curious move considering Sanchez seems to have lost the confidence of his teammates.

Filed Under: 2012, Preseason

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