Academic

So, we wake up to find (unless you watch ESPN all night long) that Brett Favre has been traded to the New York Jets.  But for all you corporate lawyers out there, the most interesting factoid is that the trade agreement has an earnout provision!  Because the future profitability of Favre is somewhat unknown, the agreement provides as the baseline that the Packers receive a fourth-round draft pick from the Jets.  However, if Favre does really well, that draft pick may become a first-round draft pick.  (Talk about some strange incentives for Favre!)

The agreement also has an interesting football version of a "noncompete."  The Packers, a team in the NFC, traded Favre to the Jets, a team in the AFC.  However, if the Jets trade Favre to the Minnesota Vikings, another NFC team and rival of the Packers, then the Jets have to give the Packers three first-round draft picks.  Cool.

OK, enough football blogging for awhile!