Shop for New York Jets gear at Fanatics.com

A Deeper Look at Mangold’s Contract

The Jets locked up All Pro center Nick Mangold singing him to a seven year $55 million extension.

Jason, who always does great work on nyjetscap.com, dove in to Mangold’s contract to take a deeper look.

Mangold actually signed a contract that will run for eight seasons. The Jets essentially gave Mangold a $4 million dollar raise in 2010 and have the new extension actually kick in starting in 2011. The value of the extension is $54.075M and the total contract value is $55M. While the total money is larger than any of the other players lets see how the deal actually stacks up.

Name Years Total
($ millions)
Guarantee
($ millions)
Three Year Total
($ millions)
Average per year
($ millions)
Jahri Evans 7 56.7 19.0 25.7 8.10
Alan Faneca 5 40.0 21.0 24.0 8.0
Jason Brown 5 37.5 20.0 24.0 7.5
Nick Mangold 8 55.0 22.0 22.0 6.875

As you can see from the chart, Mangold agreed to have the highest guarantee of any comparable interior lineman, however his yearly figures are actually below those of everyone and by a pretty wide margin. On a yearly basis Mangold will actually earn 8% less than Brown of the Rams. He will also earn the lowest three year total of any player. There is a lesson to be learned when actually putting those numbers in context. Every one of those other players was a free agent of some sort when they signed their contract. Mangold was not. He knew that there was always the possibility of the Leon Washington injury that would diminish his value if he played the season out under his current deal.

Mangold’s teams seems to have viewed the extension value as something different than the total contract value. Its something the Jets more or less proposed to Revis early on by asking him to keep his current contract structure, for the most part, and add on big money years at the end. Lets look at the Mangold contract just from the standpoint of the seven extension years.

Name Years Total
($ millions)
Guarantee
($ millions)
Three Year Total
($ millions)
Average per year
($ millions)
Jahri Evans 7 56.7 19.0 25.7 8.10
Alan Faneca 5 40.0 21.0 24.0 8.0
Nick Mangold 7 54.075 22.0 25.0 7.725
Jason Brown 5 37.5 20.0 24.0 7.5

In this context Mangold gets what everyone assumed he would. His three year total is only under than of Evans. His per year average now exceeds Brown’s. Mangold basically becomes the highest paid center under any metric, but only when viewed as a pure extension. This is a point that Revis’ side has continually refused to take into account by asking the team to throw out the remaining three years of his deal and replace them with the highest end money.

The bottom line is that Mangold accepted a deal that was below free market value to ensure long term security and allow both sides to feel happy with the contract. He did not demand to match the highest contract of all time nor did he receive that. Based on the contract that Mangold received and using the Nnamdi Asomugha deal as the baseline, Revis should be willing to accept $13.75 million per season with 27.5 million or so in guarantees and a three year total around $41 million. At this point the ball really is in Revis’ court. Every other player is following these guidelines in this uncapped year and its time for Revis to consider doing the sament below and I will add to the above list.

Once again some great work done by Jason. This seems like a great deal for both sides. Mangold becomes the highest paid center in the league, while the Jets lock him up until his age 33 season.


Enjoyed this post?
Subscribe to Jets Gab via RSS Feed or E-mail and receive daily news updates from us!

Submit to Digg  Stumble This Story  Share on Twitter  Post on Facebook  Post on MySpace  Add to del.icio.us  Bark It Up  Submit to Reddit  Fave on Technorati

Leave a Reply