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Contract Updates for the “Core Four”

Bob Glauber gives us an update on where the Jets stand in renegotiating contracts with their version of the “core four:” Revis, Mangold, Ferguson and Harris.

According to sources familiar with the situation, the Jets are willing to reward Revis with the biggest contract ever given to a defensive back, one that could even exceed $100 million.

Not only that, but the team is further along in negotiations with Ferguson on a long-term deal than is widely known. An agreement could be reached before the start of training camp, barring unexpected complications, according to people familiar with Ferguson’s situation.

Mangold and the team aren’t close to reaching a new deal, however. And although the Jets appear willing to invest in the center long-term, they also are leaving open the possibility that they’ll let him play this season with his current contract and use the franchise tag next year, thereby limiting his options in 2011.

Harris isn’t expected to get a new deal this year, but the team is likely to reward him with a deal next year that will make him one of the league’s highest-paid linebackers.

For now, Revis continues to be under the most scrutiny, and he continues to demand a deal that will exceed Raiders cornerback Nnamdi Asomugha’s three years for $45.3 million. The Jets are unwilling to meet Revis’ demand for an average of $16.2 million per season.

What the Jets appear ready to do instead is add six years to the existing deal, a total package that, when added to the remaining $21 million Revis is owed would approach $100 million or more. That deal, which would average around $12 million per season, would keep Revis with the Jets until he is 33.

It appears as if the the reports of the Jets not being loyal to their own is way off base, at least according to this report.

Now let’s hope with the down time between now and training camp, that the Jets can hammer out some of these extensions and all of this talk can finally go away.

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