When reports of Rex Ryan’s multi-year extension with the Jets broke, there were few details about the structure of the deal.
Some details are starting to leak out and it seems there’s some conditions to the multi-year part of the new deal. Brian Costello of the New York Post reports that the deal is set up so that the Jets can opt out of it without much difficulty after the 2015 season.
Per Costello, Ryan’s salary is not fully guaranteed beyond that year which would lessen any buyout for the Jets if they decide to part ways with Ryan at that point. There’s no word on how much of the money is guaranteed or the total value of the deal at this point.
While it seemed Ryan lost the ability to bet on himself in 2014 in hopes of landing a bigger deal, this structure would just extend the time frame of the bet. Ryan won’t have to face the same speculation about his job status, but he still has some winning to do in the next two years to remain on the Jets sideline.
UPDATE 2:24 p.m. ET: The Jets have announced the extension, but no details beyond that.