I have faith in Tanny getting this all done, but wonder if Woody is having some kind of sway in this, No more extensions until more PSLs are sold.. I just find it strange that Woody, a wealthy man cannot stump up the cash to get these deals done. edit: I also found this article....
This quote is VERY important: If we gave Revis, Harris, Mangold, and D'Brick their contract extensions at the price they want, what would our cap look like? I'm sure Woody wants to keep it as close to $128 million as possible, even below if he can.
These articles don't take into account the increased revenues from the stadium. Woody and the Mara's will have to make their debt payments but a home game is probably going to bring in such a huge increase in revenues from the luxury boxes, club seating, clubs and overpriced garbage around the stadium. The Jets are going to find a way to fill those unsold psls, even if it's on a game by game basis. The fans are smart, they will buy tickets, but buying a psl is just useless.
I want to see Revis and Mangold signed and happy before training camp, until then, its not an issue. If it becomes an issue, that means Woody has gotten cheap on us right when we are poised to make a run. Thtat would be a typical Jet move. The only way you sell the rest of the PSL's is to win a Super Bowl and sign your best players to make another run. Pissing players off and doing it on HBO, will not get fans to call your ticket office. I gotta believe Woody knows all this. '
Woody can not sell the available seats without selling the PSL, he already said he will not do that. How can you ask one person to pay 10K and the person next to him zero to buy a ticket? So you can pass them on when you die? Playoff rights? Woopie!!!! The jets are in big trouble.
I'll believe in it when I see it. If they haven't sold the psl by the start of the season they are going to have to sell those tickets on a game by game basis. Woody has to say that now otherwise why would anyone else buy a psl? The Jets are under no legal obligation to the public to do anything.
This PSL link to contract stuff is BS- There is no CBA, we still have them signed anyway, and it's only June.
The real danger here is the absence of a CBA and specifically, a salary cap. Revis, Mangold and the rest of them should know that they're pretty much being held hostage by this situation. If there's a lockout, then what about guaranteed money? If the Jets can't sell those PSL and make up $100million, how do they pay the rest of the guys on the roster as you can't play football with only 4 players. I didn't know the team was $100million in the hole regarding PSL's and its operating budget not to mention the $40million they and the Gnats have to come up with before the bowl. That's alot of money to make up and/or find in the operating budget. Anyway you slice it, Tannenbaum has got his work cut out for him bigtime. I don't see how they'll be able to hold on to their rentals after this season as both Edwards and Holmes will be expecting to cash in . Too many ifs right for either the players or management to be playing hardball.
Agreed. I don't expect Cromartie, Edwards or Holmes will be Jets in 2011. Hopefully they pick up multiple Comp picks for them. The Jets may have expected that $100 million for psls but it was never a guarantee. The 20 million for the superbowl should be easy in NY with sponsors and corporations. The Jets revenues from the stadium even without the psl money should be much larger number then they were in 2009. Considering they are already having soccer games and concerts and that is revenue for Woody/Mara & Tisch I'm not concerned. Revis on his 4th year of a 6 year contract should not be getting a huge $30 million bonus at this point. I would increase his annual pay and put in roster bonuses down the road. The Jets will have the cap space to keep the core 4, but can Tannenbaum work around the 30% rule and does woody have the cash to pay out big bonuses?
We will be keeping either Edwards or Holmes. We'll need a legit number 1. This season is a tryout for the both of them. Let the best man win. Wouldn't be surprised to see Cromartie stay if he returns to 2007 form as well.
Connecting Contracts to PSL's is absolute NONSENSE!!! They set the PSL's up and It's should NOT be tied in w/ any budget restriction BS. They thought a new stadium was a gold mine and are getting burned, too bad. In the end, they're going to make money anyway so wtf are they worried about? The only reason they are now is because no one is buyin into their bullshit. We are under LAST year's cap and there's no cap this year. The Stadium is it's own fiscal crisis and to try and use that is BS. Woody Blows!
Woody Johnson is a legitimate billionaire. He dropped more than $600 million on the team, and since then has never put any budgetary restrictions in place. I find it hard to believe that he'd suddenly tighten the wallet and allow his best players to walk because he hasn't sold PSL's yet, it just doesn't jive with any of his previous behavior as owner.
I think they are more effected by the 30% rule then by lack of cash. Using Psls to pay off the stadium was never going to work. They built the stadium for the club seats and the luxury boxes. Other then those two areas they should have increases ticket prices but given up on the entire psl mess.
Woody is getting burned on the PSLs. Good! In any event I can't believe there is any connection between the PSLs and the failure, thus far, to renegotiate Revis's contract. While I have limited confidence in Woody, I have the utmost confidence in Tanny to get things done. I agree that either Edwards or Holmes (my choice) will be with the team in 2011. Come the regular season, Woody will have to make the seats available without PSLs. He won't risk a blackout and he's already shown an economic disdain for the fans.
Well the $110 mil also includes the "core four" players salaries as well. Not that they are huge (Dbrick is actually around $12mil), but still. However, it also excludes the salaries for players in their last year of the contract (Braylon, Holmes, Cro etc.). I think David Harris is in his contract year though.
Im not sure how one can blame Woody. He has done a lot for this organization. PSLs are part of the business and it takes place with almost every team. You can not blame Woody for the PSL issue.
