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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.


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