Chad Penninton's Contract?

Discussion in 'New York Jets' started by nohope, Mar 5, 2006.

  1. nohope

    nohope New Member

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    When will the restructuring of his contract be announced. It is less than an hour until 6. Isnt that the deadline?
     
    #1 nohope, Mar 5, 2006
  2. hydro51

    hydro51 New Member

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    nothing is guranteed no one said it was done deal. for the most part most media guys left it at 50-50
     
    #2 hydro51, Mar 5, 2006
  3. nohope

    nohope New Member

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    Does it have to be done by 6?
     
    #3 nohope, Mar 5, 2006
  4. The Dark Knight

    The Dark Knight Well-Known Member

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    Nah, it will be extended until Wednesday I would guess.
     
    #4 The Dark Knight, Mar 5, 2006
  5. hydro51

    hydro51 New Member

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    as of right now yes. but if there is a agreement between the nfl and PA that delays FA again than no.
     
    #5 hydro51, Mar 5, 2006
  6. The Dark Knight

    The Dark Knight Well-Known Member

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    Moved back to 10:00 now.

    So a deal for Pennington has to be made by 10:00.

    So confusing. :)
     
    #6 The Dark Knight, Mar 5, 2006
  7. sanchizeqb

    sanchizeqb Active Member

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    Don't get your hopes up, I'm expecting them to delay it to Wednesday at the end of the night.

    This has gotten so ridiculous that I've become pessimistic about the new calendar year ever starting. :wink:
     
    #7 sanchizeqb, Mar 5, 2006
  8. Jtuds

    Jtuds Active Member

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    The Chad thing does not have to be final by 6......I don't think.

    it is my understanding that free agency starts at 6 but it does not mean that all relases and cuts must be made. Chad is under contract, he can still be cut during the f.a. period right? They could decide in a week if they want.
     
    #8 Jtuds, Mar 5, 2006
  9. hydro51

    hydro51 New Member

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    FA start at 12:01 tonight

    cuts to be under the cap must be made by 10pm.

    . as of now atleast
     
    #9 hydro51, Mar 5, 2006
  10. The Dark Knight

    The Dark Knight Well-Known Member

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    The Problem is he is due $3 million at the start of the new NFL season. (12:01AM at the moment)
     
    #10 The Dark Knight, Mar 5, 2006
  11. dabrowsk1

    dabrowsk1 Active Member

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    No, FA starts at 12:01. Penny's 3million roster bonus kicks in at the start of FA. It has to be done by then.

    The 6pm deadline is for teams to get under the cap. But is was pushed back to 10pm.
     
    #11 dabrowsk1, Mar 5, 2006
  12. AMJets

    AMJets Well-Known Member

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    All cuts must be made by 10 PM, and then teams will have an extra two hours to restructure and renegotiate any contract to get under the cap. Pennington's renegotiated contract must be completed by 12:00 AM.
     
    #12 AMJets, Mar 5, 2006
  13. The Dark Knight

    The Dark Knight Well-Known Member

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    He has restructured! :up: Close the thread Bobby!
     
    #13 The Dark Knight, Mar 5, 2006
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