[ESPN NFL Guru] Jet has landed: Pennington gets $64M extension

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$23M in guarantees for Jets QBThe 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 an eight-year contract extension, including this season, 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...

http://sports.espn.go.com/nfl/columns/story?columnist=pasquarelli_len&id=1872841&CMP=OTC-DT9705204233
 

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