I forgot to give a grade for this one. The Jets didn’t expect that Tebow would become available when they made this extension, so I won’t take that into consideration. This is partly a restructuring of Sanchez’ old deal because the last 3 years are team options, but what if Sanchez proves by then to still be a middle of the road quarterback. They’ll have to choose between cutting loose a serviceable starter and overpaying an average talent (3 years 40.5 million).

This deal also guarantees Sanchez 20.5 million over the next 2 years, fully guaranteed. That’s a huge guarantee for a guy who played so poorly at times last year that he might not even warrant a starting job. The deal does free up 6.4 million of cap space for the 2012 season for the Jets, but I don’t think that was the reason they did this. This was an apology extension and I don’t agree with it.

Grade: C