When the Jets leaked word that they’re offering free agent quarterback Ryan Fitzpatrick a contract that would pay him $12 million this year, the clear implication was that it’s a good offer. The reality is that, for a starting quarterback in today’s NFL, it’s not a good offer.
According to the salary database Spotrac, there are 16 quarterbacks in the NFL who currently have a contract that pays an average of $18 million a year or more. So half of the league’s starters are making at least 50 percent more than the Jets are offering Fitzpatrick.
Another six quarterbacks are making more than $12 million but less than $18 million. Which means Fitzpatrick, if he took a contract paying $12 million a year, would be paid less than 22 NFL quarterbacks. And among the starters making less than Fitzpatrick are several who are still on their rookie contracts but would surely make more on the open market, including Jameis Winston, Marcus Mariota, Andrew Luck and Blake Bortles. This year’s first two picks, Jared Goff and Carson Wentz, are also in the group of quarterbacks who will make less than $12 million a year only because of the rookie salary structure, not because the market has decided that they’re actually worth less than $12 million a year.
Also bear in mind that the Jets specifically leaked only what they were offering to pay Fitzpatrick this year, not what they’re offering to pay him in future years of a multi-year contract. That suggests that the deal the Jets are offering Fitzpatrick is actually worse than $12 million a year.
Bottom line, despite some reporters portraying the Jets’ offer as “more in line with the marketplace,” the reality is that the Jets are not offering Fitzpatrick the kind of money that you’d expect a quarterback who threw for 3,905 yards, 31 touchdowns and 15 interceptions while leading his team to a 10-6 record to make.
Unfortunately for Fitzpatrick, he doesn’t have a lot of leverage. The offseason game of quarterback musical chairs is over, and he’s the only one standing, while the Jets are the only team with a seat open. He’s probably going to end up taking less money than his 2015 performance says he’s worth. But no one should portray the Jets’ offer as a good deal. By NFL starting quarterback standards, it’s not.