The Staten Island Advance’s Dave Hutchinson is reporting that pending the results of a physical examination, the New York Jets have signed Pro Bowl cornerback Ty Law, a 3 time Super Bowl champ with New England, to a multi-year contract.
The deal is believed to include a signing bonus of $5 million to $6 million and average roughly $6 million per season. It is said to be incentive-rich and heavily backloaded. Law will come to New York for a physical early next week.
The back end of the deal had been an issue. The Law camp is said to have agreed on bonus money and first-year salary early on in the talks. Law was reportedly seeking a deal averaging between $6 million and $7 million per season.
Also at issue is that Law wants to get paid if he performs and the Jets want to protect themselves if he doesn’t.
The Jets may have to rework several contracts and perhaps even release a veteran or two to make any deal work under the salary cap. One player who might be adversely affected is cornerback Ray Mickens.