(Reuters) - Quarterback Ryan Fitzpatrick agreed on a new one-year contract with the New York Jets on Wednesday, ending a long off-season standoff between the two sides.
Fitzpatrick will sign a new deal for $12 million with a chance to make $3 million in incentives, according to the NFL's website which reported the deal.
With speculation that Fitzpatrick and the Jets were at odds this off-season, the franchise gave the quarterback a 7 p.m. EST deadline on Wednesday to reach an agreement on the contract.
Fitzpatrick, 33, is coming off a career year in which he threw for 31 touchdowns and nearly 4,000 yards. The Jets' only other real option for a signal-caller would have been Geno Smith who has floundered since the team drafted him in 2013.
Smith lost the starting job to Fitzpatrick last pre-season after being punched by a team mate and suffering a broken jaw that sidelined him.
(Writing by Jahmal Corner in Los Angeles; editing by Sudipto Ganguly)