A salary reduction for 2012 was also part of the agreement.
Protecting the interests of all parties can be a challenge when great players are nearing the latter stages of their careers. Jackson, like Wilson, would ideally finish his career with St. Louis. He has plenty to offer in the short term, but there's no reason for the Rams to make a meaningful commitment beyond Jackson's current deal.
Jackson is scheduled to earn $7 million in 2012 and again in 2013, the final two years of his contract. He'll be 31 years old when the deal expires. How much longer than that does Jackson plan to play? How much longer than that will the Rams want to pay him? How long can Jackson remain productive?
The market for 31-year-old halfbacks barely exists. Jackson might become an exception, but the Rams should not realistically bet that will be the case.
NFL teams entered Week 1 last season with seven halfbacks age 31 or older at that time: Ricky Williams, Thomas Jones, LaDainian Tomlinson, Chester Taylor, Larry Johnson, Maurice Morris and Derrick Ward. Those players combined for 16 regular-season starts. Retirement awaits some of them now.
Jackson has plenty to offer in the shorter term. Unlike many high-profile players, he has played well enough to justify the high salaries awaiting him late in his contract. His current deal seems appropriate for what Jackson has to offer and what the future probably holds -- a couple more good seasons for the Rams' all-time rushing leader.