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$23M in guarantees for Jets QB

By Len Pasquarelli
ESPN.com

Wednesday, September 1, 2004

The town so nice they named it twice now has a second quarterback with a fat contract that includes more than $20 million in bonus money. The New York Jets and representatives for Chad Pennington on Wednesday finalized a seven-year contract extension that is worth $64.197 million in so-called "new money" for the fifth-year quarterback. The deal, which extends Pennington's contract through the 2011 season -- he signed with the Jets as a first-round pick in 2000 -- includes combined bonus money o ...

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