The Jets have signed QB Mark Sanchez to a contract extension, GM Mike Tannenbaum announced Friday night.
According to multiple media outlets, the Jets have added three years to Sanchez's current deal, taking it through the 2016 season. Per the New York Post, the three-year extension is worth $40.5 million.
Tannenbaum said that the club "looked into it and had internal discussions" about ex-Colts QB Peyton Manning, but the Jets ultimately agreed on a new deal with Sanchez, who had two seasons left on his rookie contract.
"Mark's a guy we identified that we wanted to sign to an extension," Tannenbaum said, according to the club. "It started several weeks ago. Mark's our starter and we're excited about 2012. From my standpoint it's Mark and (head coach) Rex (Ryan) going into Year Four. Talking to (owner) Woody (Johnson) about it, we feel really comfortable with those two positions."
Sanchez, 25, has thrown for 9,209 yards with 55 TDs and 51 interceptions in three seasons with New York. The Jets reached the AFC title game in his first two campaigns. While Sanchez threw for a career-best 3.474 yards and 26 TDs in 2011, he struggled down the stretch, throwing seven interceptions in the final three games of the season as New York missed the playoffs.
The way we see it
Ryan and Tannenbaum have always publicly shown confidence in Sanchez, even through his struggles in the media spotlight in New York. He still had problems protecting the football in 2011, but reached a career-high in touchdowns with a banged-up offensive line and inconsistent rushing attack. The 2012 season was setting up to be a make-or-break one for Sanchez, but it appears now he has at least two seasons to show he can improve in the way the team was hoping for last season.
Jets fans must hope that Sanchez has shown enough progress to be worthy of this kind of deal. What is important now for the Jets' brass is to surround Sanchez with a better supporting cast to put him in more favorable positions.