Jason Cole of Yahoo! Sports reports that the Vikings will pay Brett Favre $12 million for one season of football with the team.
That matches the amount Favre earned in 2008 with the Jets, and it’s only $1 million less than what Favre was due to make under the final year of his contract, which the Jets acquired last year via trade.
Cole’s report contradicts past suggestions that Favre would receive an incentive-based contract that paid him based on his ability to play and/or his success.
UPDATE: ESPN’s Chris Mortensen reports that it actually will be a two-year deal, but that as a practical matter it will operate as a one-year arrangement. Mort also reports that the contract has been in place for two months, indirectly backing up our late June report that created a mini-ruckus.