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The New York Jets are attempting to renegotiate the contract of Chad Pennington, who missed much of the last two seasons because of an injured throwing shoulder. The Jets asked Pennington to take a pay cut to a $1 million base salary with incentives that would compensate for the remaining $8 million the team owes him.
Pennington signed a $64 million, seven-year deal two years ago. He is expected to have a salary cap number close to $12 million this season, including a $3 million roster bonus due in March. Even if the Jets cut him, they would take a salary hit of about $10 million because of the prorated salary cap.
Pennington hurt his shoulder during the 2004 season, missed three games, then returned for the end of the regular season and into the playoffs. It was clear then that his arm strength was significantly reduced and after the season the team said he would have rotator cuff surgery.
He returned this year but was injured in the third game of the season and again had surgery, missing the rest of the season.
Chad Pennington Stats, 2004-2005
<stats> Player=Chad Pennington Columns=Year,G,PAtt,Cmp,Cmp%,PaYd,PaTD,INT Years=2004,2005 Sport=NFL </stats>