The Jets have ended their supposed pursuit of Peyton Manning by agreeing to a contract extension with Mark Sanchez. The quarterback has received a three-year extension, which will make him one of the highest paid players at his position. The deal includes $20.5 million in guarantees for 2012 and 2013 and $40.5 million in "new" money, bringing his total over five years to $58.25 million, according to sources. He can make an additional $10 million in escalators.