Mark Sanchez was the most hilariously terrible starting quarterback in the NFL in 2012. KSK is eminently grateful for Nacho’s repulsive play, as it made our jobs much, much easier. The buttfumble was a gift to humanity. But for the Jets and their fans, Sanchez is the greatest of all burdens: a huge deficiency at the sport’s most important position, who can not be removed without a substantial financial penalty.

Were it not for the $58.25 million extension that the team gave Sanchez last year, the Jets could release him right now with no penalty. Instead, Nacho is owed $8.25 million in guaranteed money for the 2013 season. Not only does that mean he’ll have to hang around for at least another year, but what little trade value Sanchez would have is negated.

So, yeah, what say the financial wizard who negotiated the deal?

“I don’t think I would have signed a quarterback to an extension knowing that he’d have 26 turnovers,” former Jets GM Mike Tannenbaum said Thursday on “NFL AM” when asked about the gaudy deal Sanchez received last March. “That might be one of the reasons I’m right sitting here with you guys. Not that this is not a great place to spend Valentine’s Day.”

MIGHT be one of the reasons? “Oh yeah, I negotiated one of the worst contracts in the sport, but who’s to say the real reason why I was left go. So many politics in this profession, know what I’m sayin’?”

Also worth considering some of Tannenbaum’s words when the extension was announced:

A few days after the [2011] season, Tannenbaum acknowledged that Sanchez “didn’t play well.” So why the long-term commitment?

“We’ve won a lot of football games with Mark as the staring quarterback of the New York Jets and that’s what really concerned us,” said Tannenbaum, noting Sanchez’s four playoff victories. “It’s not a projection, it’s not a hope, it’s not an incremental leap of faith. Here’s a three-year body of work.

“That said, we don’t have blinders on. It has to get better and it will get better. We think he’ll become more consistent. Taking a long view of things, we’re excited and encouraged by the trajectory of Mark’s career.”

“Hey, this guy sucks, but we happened to win a lot of games in spite of him in the past few years. I see no reason why we wouldn’t reward him for that. Just keep writing zeroes on that check until I crap out of my mouth.”