Mike Florio reports on PFT that the Jets have extended Lito Sheppard’s deal by two years and added a large bonus next season.

Per a league source, it’s a two-year extension to a contract that has three remaining years.

He’ll get million in 2009, his prior base salary. Thereafter, it’s a four-year, million deal.

On the fifth day of the 2010 league year, Sheppard receives a option bonus.

If Sheppard participate in at least 39 percent of the plays in 2009, Sheppard’s salary escalates by .55 million per year for 2010 through 2013, making the four-year package after this season worth .2 million.

Of course, the Jets could cut Sheppard before the fifth day of the league year, but he’d be an unrestricted free agent.

If, in the end, he stays for all five years (and participates in at least 39 percent of the snaps this season), he’ll make .2 million.

The bonus is wise in that it gives the team a year to determine whether he’s worth the additional investment before committing to him and the option bonus which can easily be pro-rated across the remaining four years of the deal at .5 million per year.

From thejetsblog.com. Please read the complete article and let us know what you think below.