Although the big news on Friday was the Washington Redskins trade to acquire the St. Louis Rams number two overall pick, arguably the more pertinent news for the 49ers was the Jets giving QB Mark Sanchez a three year $40.5 million contract extension. Serious, WTF?! Let's just say site decorum is off for this one.
I realize the Jets have had success at the same time Sanchez has been their quarterback, but can anybody really say Sanchez has been pivotal to that success? In 2009 and 2010 the Jets went to the AFC title game with Sanchez completing less than 55% of his passes. Technically many of his stats improved in 2011, but he continues to lack a certain measure of consistency.
You could say something similar about Alex Smith to a certain extent, but I would still take Alex Smith over Mark Sanchez. Of course, speaking of Alex Smith, this extension could change the dynamic of the discussion between the 49ers and Alex Smith. Hopefully though, Smith and Tom Condon can recognize the certain measure of insanity behind this deal as the two sides continue negotiations.
Sanchez is now signed through 2016 in a deal that includes $20.5 million in guaranteed money. It is currently worth up to $40.5 million and has escalators that could boost it by another ten million. If he hits these escalators I suppose it could make it a worthwhile deal, depending on those escalators. However, for now it just seems like throwing a whole lot of money at a bad idea.