Ryan Fitzpatrick Contract: Latest News, Rumors on QB's Negotiations with Jets

Tim Daniels@TimDanielsBRFeatured ColumnistJanuary 22, 2016

New York Jets quarterback Ryan Fitzpatrick (14) throws a pass during the first half of an NFL football game against the Buffalo Bills Sunday, Jan. 3, 2016, in Orchard Park, N.Y. (AP Photo/Bill Wippert)
Bill Wippert/Associated Press

The New York Jets front office is about to ramp up its efforts to keep impending free agent Ryan Fitzpatrick after the quarterback enjoyed a strong season leading the team's offense.

Continue for updates.

Jets Hopeful Agreement Can Be Reached with Fitzpatrick

Friday, Jan. 22

Rich Cimini of ESPN passed along comments about the situation from Jets general manager Mike Maccagnan on Friday, and he stated the organization feels "very strongly" about keeping Fitzpatrick.

"Hopefully, we'll be able to get something done here in the near future," Maccagnan said.  

Fitzpatrick took over the reins of the Jets offense after the now infamous encounter between Geno Smith and IK Enemkpali, which left the quarterback with a broken jaw. He ended up leading the team within one victory of the playoffs.

The 33-year-old quarterback finished the season with 31 touchdown passes, seven more than his previous career high, and over 3,900 yards while appearing in all 16 games.

Those numbers along with the team's success up until a disappointing Week 17 loss to former head coach Rex Ryan and the Buffalo Bills make it no surprise the Jets want to keep him in the fold.

Now the question is how much an extension will cost the franchise, which has only a shade over $12 million in projected cap space heading into the offseason.

Fitzpatrick counted just $3.25 million against the cap for the 2015 season, according to Spotrac. It's fair to expect that amount to jump quite a bit given the high price of quarterbacks and the continued demand for upgrades around the league, which could make him a key target if he hits the open market.

That said, the Jets still need to proceed with caution. The Bills previously rewarded Fitzpatrick with a lucrative contract extension after a strong start to the 2011 campaign. He flamed out quickly and never provided much value for that investment.

The front office sounds confident an agreement will get worked out, and it makes sense for the sides to stick together. New York shouldn't break the bank to make it happen, though.