How the Jets spent their money

June, 26, 2012
6/26/12
12:15
PM ET
In every way, this was a bombshell offseason for the Jets. Wait, check that; it wasn't a bombshell from the standpoint of money spent.

The Jets generated more than $100 million worth of headlines, but they committed only $49.7 million in guaranteed money for veteran acquisitions, draft picks and the Mark Sanchez extension, according to NFLPA records. The Sanchez accounted for $20.5 million of the total in guarantees, meaning $29.2 million went to player acquisitions -- a relatively cheap offseason based on past Jets standards.

Easy for us to say; it's not our money. The point is, GM Mike Tannenbaum was unusually conservative, doling out mostly one-year contracts for new players. Obviously, there were cap restrictions, but maybe there was a tighter in-house budget. No doubt, he also was plotting for the future, hoping to save money that can be used on free agents in 2013 and 2014.

FREE AGENTS RE-SIGNED

PK Nick Folk -- 1/$765 K
LB Aaron Maybin -- 1/$1.0 M
NT Sione Pouha -- 3/$15 M
LB Bryan Thomas -- 1/$990 K

Total value of contracts: $17.8 M
Total in guarantees: $10.5 M

FREE AGENTS SIGNED

S Yeremiah Bell -- 1/$1.4 M
PK Josh Brown -- 1/$855 K
S LaRon Landry -- 1/$3.5 M
DE Jay Richardson -- 1/$700 K
WR Chaz Schilens -- 1/$765 K

Total value in contracts: $7.2 M
Total in guarantees: $3.5 M

CONTRACT EXTENSIONS

QB Mark Sanchez -- 3-year extension, through '16

Total value in contract: $58.3 M (5 years)
Total in guarantees: $20.5 M

TRADES

QB Tim Tebow -- 3/$4.0 M

Total value in contract: $6.0 M (includes $2 M payment to Broncos)
Total in guarantees: $3.0 M

DRAFT PICKS

DE Quinton Coples (1) -- 4/$8.8 M
WR Stephen Hill (2) -- 4/$5.0 M
LB Demario Davis (3) -- 4/$2.9 M
S Josh Bush (6) -- 4/$2.2 M
RB Terrance Ganaway (6) -- 4/$2.2 M
OG Robert T. Griffin (6) -- 4/$2.2 M
S Antonio Allen (7) -- 4/$2.1 M
WR Jordan White (7) -- 4/$2.1 M

Total value of contracts: $27.5 M
Total in guarantees: $12.2 M

Rich Cimini

ESPN New York Jets reporter

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