Edited by: PON_Staff, filed in: Business Negotiations, Daily, Financial Negotiations, Negotiation, Personal Negotiations

Adapted from “The Brett Favre Trade: A Win-win Deal in a Win-lose Game,” first published in the Negotiation newsletter.
In the middle of the National Football League’s off-season, as legendary quarterback Brett Favre weighs for the third year in a row whether to return to football or accept retirement, it’s worth revisiting the negotiations behind his first comeback.
Just five months after hanging up his cleats in March 2008, Favre, the Green Bay Packers’ longtime QB, bounded out of retirement. Favre appeared surprised when the Packers, who had already invested in a new quarterback and strategy for the post-Favre era, failed to welcome him back with open arms. Because Favre had signed a “lifetime” 10-year contract extension with the Packers in 2001, the team had control over his future in the NFL. The QB known as the gunslinger suddenly found himself fighting to get on the field.
See more at: http://www.pon.harvard.edu/daily/business-negotiations/the-negotiating-qb/?mqsc=E06/22/10+7:30+AM