Shop for New York Jets gear at

Brunell Getting Closer to Getting Out of Bankruptcy

Jets quarterback Mark Brunell moved closer to emerging from bankruptcy, Mark Basch of the Florida Times-Union reports.

According to the report, U.S. Bankruptcy Judge Jerry Funk “gave conditional approval” to the statement that details Brunell’s plans to pay off his debts. Final approval and a reorganization plan should fall in line in the next couple of months.

Brunell, 40, filed for bankruptcy last June, claiming nearly $25 million in liabilities.

Signed to a two-year contract last summer to back-up Mark Sanchez, Brunell appeared in two games, completing 7-of-13 passes for 117 yards with a pair of touchdowns and an interception, mostly when Sanchez was rested in the Jets’ meaningless regular season finale against the Buffalo Bills.

Brunell’s contract was worth $3 million, with $1.5 million paid out in each season. Brunell is due a $250,000 reporting bonus this summer and has a $1.25 million base salary in 2011. According to a league source, Brunell’s salary reduces by $100,000 if he does not participate in 40 offseason workouts.

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  Bark It Up  Submit to Reddit  Fave on Technorati

Leave a Reply