When the New York Jets gave Mark Sanchez a three-year, $40.475 million contract extension in March after a brief flirtation with Peyton Manning, they essentially guaranteed him a roster spot through the 2013 season.
Sanchez’s contract extension raised eyebrows because he was coming off of a disappointing 2011 campaign. He has regressed this season. Sanchez has the NFL’s second-lowest completion percentage (55%) and the third-lowest quarterback rating (71.4). He’s also thrown more interceptions (13) than touchdowns (12). That’s something he hasn’t done since his rookie year in 2009. For the first time in his four-year career, Sanchez’s starting job is in jeopardy after getting benched last Sunday in favor of Greg McElroy. Head coach Rex Ryan has declared that Sanchez is on a short leash and won’t hesitate to bench him again if his play warrants it.
As a part of the extension, Sanchez received a fully guaranteed $8.25 million 2013 base salary without an offset. This means Sanchez will receive his full salary from the Jets if they release him after the season regardless of what he makes in 2013 from another team.