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New York Jets quarterback Mark Sanchez

Wade Payne/AP

In hindsight, former New York Jets general manager Mike Tannenbaum regrets signing quarterback Mark Sanchez to the contract extension that ultimately cost him his job.

Thinking he was the team's franchise QB, the team offered Mark Sanchez an extension that made his contract worth more than $58-million over five years. Sanchez followed with one of the worst seasons in the NFL last year.

"I don't think I would have signed a quarterback to an extension knowing that he'd have 26 turnovers," Tannenbaum told NFL AM on Thursday. "That might be one of the reasons I'm right sitting here with you guys."

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Sanchez threw for 2,883 yards, 13 touchdowns, and 26 interceptions, earning a QB rating of 66.9, barely ahead of Matt Cassel (66.7) for second-worst in the league.

Tannenbaum said the contract largely came as a result of Sanchez's road playoff wins in previous seasons.

"(Sanchez) was a young guy, football's important to him, and we came up with a deal at the time that we thought was good for both sides," Tannenbaum said. "Obviously, he didn't play as well this year, we didn't coach as well this year, we didn't get him as good players this year. But if we're sitting here a year or two from now, I still think Mark's going to be a good, credible quarterback in the NFL."

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