Fitzpatrick is coming off a career year in 2015 in which he threw Jets record 31 touchdown passes. Unfortunately he crumbled in a win-and-in Week 17 game against the Bills, and the 10-6 Jets missed the playoffs.
The Jets’ standing offer to him is for three-years and $24 million with $12 million in the first year. Not exactly Brock Osweiler money (to name one recent free agent) but not bad.
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It’s possible that the Jets think that Geno Smith gives them a legit shot to win, too.