Granted, it's definitely within the realm of possibility that Woody could say "Sorry, the check book is closed," but that would be financial suicide if it made Mangold turn around when the contract ends and he takes off. The three players on the Jets that Woody cannot afford to lose under any circumstances right now are: Revis, Mangold, Sanchez. In that order. Those are the cornerstones of the franchise. D'Brick and Harris are arguably in that running as well, but those 3 are basically untouchable in terms of our ability to lose them without a full-blown mutiny by the fan base.
How much did the stadium cost? Woody's wealth is tied up in assets, it isn't liquid money. I don't know if the Jets are over-financed, and neither do you. We don't know. But what we do know is that he is a businessman, and knows something about risk. I don't think his pockets are bottomless. He has X amount of working capital. If that runs out, he would have to divest some assets. At what point does that happen, and is he willing to do that? Especially with the threat of a work stoppage looming? I just raise the issue. I wonder if he just opens the checkbook, or gets conservative. I would not count on some free spending spree given the economy, the new stadium and it's payments, the slow PSL sales and the threat of a work stoppage. If you think Woody will ignore all of that... OK, but I'm not so sure.
As much as I don't know how much of his wealth is tied up in assets, neither do you. You seem to be claiming that all of his money is tied up in assets which simply cannot be the case or the Jets players wouldn't be getting pay checks. I do know that when Woody bought the Jets his net worth was 3.3 billion and he paid 635 million for the Jets. I have to assume he has made money on the team since then. The stadium cost 1/2 as much as it would if they didn't share it with the Giants. I have no clue how much it cost Woody. I'm guessing that a multi-billionaire doesn't do a whole lot of financing. I think Woody knows that in order to sell those PSL's he needs to put a championship caliber product on the field. You have to invest in your assets or their value declines. I think it's a good issue to raise. I don't think a 1 year work outage would completely diminish the advantage of front-loaded contracts though? My only issue was that you were suggesting he was "risking it all". Unless all of his fortune were invested in the Jets he wouldn't be risking it all.
OK, perhaps saying "risking it all" was an overstatement. I don't know much about Woody's assets, admittedly, but I realloy don't think he has a boatload of cash sitting in CD's either. Once he left J&J, he has been an "investor", whatever that means. How much is real estate development, stocks, whatever, just the fact that he is still a billionaire tells me he has some clue how to use money to make money. If his investment company was not doing well, he never would have bought the Jets. But since the economy tanked, we also don't know how much of his "paper wealth" is still there either. What I am saying, bottom line, is that we really don't know if Woody is in a position to just write checks because it's an uncapped year. I think assuming he can let Tanny spend at will is a bad assumption, although I could be wrong. What if the economy has hurt WJ far worse than we could imagine? Investment companies have been hit very hard with this economic collapse. His investment company is privately owned, so we aren't going to know how badly his company was hit. I think it is safe to assume he worth a lot less now than when he bought the Jets. How much less? Maybe he sees the franchise as one of his most solid long term investments, and is willing to spend. Maybe not. I just won't be surprised if he cuts back, but I sure hope not, not now.
i thought only singing bonuses were spread out across the length of the contract, and would amount to dead space if the player were to be cut down the road. But salaries are on a per year basis. If this is correct, it would explain why signing bonuses are given in the first plane (to spread out the cap pain). It would also mean that there should be no signing bonuses given in an 'un capped year'. Make it ALL year one salary, year one cap pain, then there would be no cap ramifications down the road. in other words, pay revis/mangold,dbrick/leon Millions year one as 'salary', no cap to worry about, and no signing bonus to carry forward. like some other posters said, woody needs to get out his visa gold card.
Mangold will be paid. He is the best center in the league and the most CONSISTENT player on our team.
Offensive line is a position that people dont notice how great certain players are they just notice when they mess up. Mangold goes unnoticed because he never lets someone through.
Looks like Jets team will spend the most money during this off season because of the contract extensions and I pray for them to stay healthy through out the next season. As for Johnson's wallet, it will be flat as airport runways. How much do you think we are going to spend to maintain those players? We are not even talking about getting players from the market.
I have no worries about them locking up Mangold... I do have reservations about Faneca restructuring - but then again, I'm pretty sure he'll do it.
Mangold is a special,special player. He also plays at an extremely important position. He will get paid...and it will be well deserving. Can you say front loaded?
For sure He's a cornerstone in our o-line for years to come. D'brick will get paid not as a top LT but top 5 for sure
as good as D'Brick is hes nowhere near the best at his position and we all know the Jets wouldnt be dumb enough to pay him as such. like previously stated though he will get somewhere around a top 5-6 contract at his position. Mangold, however, along with Revis, are two players you lock up forever at whatever cost especially being that theyre about to approach the prime of their careers in which theyve proven to be respective All Pro talents out of college. Faneca is overpaid but he bailed out a OL that was laughable at best coming into this organization. His pass blocking declined in PIT and its evident here. but thats the price you pay to have a outstanding run blocker. Ideally, youd like him to restructure, but if we dont itll be because theyll be drafting his replacement this year and dont want another Pete Kendall situation.
Mangold is not only good, he takes a beating and pretty much never is injured. He has earned his pay day.
