Jets and Pennington closer

The ongoing saga between the New York Jets and quarterback Chad Pennington continued on Friday for yet another day. Pennington, recovering from a second shoulder surgery, is closer to remaining a Jet this evening, although no restructured deal has been reached.

Discussions between Pennington's agent Tom Condon and Jets general manager Mike Tannenbaum have met with some success. While the quarterback has not agreed to the massive restructure offered by the team over the past couple weeks, there has been some movement in regards to a base salary and easily reached incentives.

One of the issues which made the initial negotiation process rather 'testy' was the pay-cut suggested by the team. Pennington has been steadfast in wanting to keep similar financial payouts, even if the deal is significantly restructured.

Pennington is comfortable in New York and is believed to have wavered with respect to leaving the team in recent days, which has increased the importance and desire to get a deal complete between the two parties.

Tannenbaum said the two sides have had "many conversations" and are "in the middle of active negotiations."

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