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The news comes with the Jets set to hold their first training camp practice on Thursday and it's not a huge surprise.
Fitzpatrick had arguably the best season for a quarterback in franchise history last year, hurling 31 touchdowns over 3,905 yards en route to 10 wins.
As NFL.com suggested, the Jets wanted Fitzpatrick back; they just wanted him back at the right price. Fitzpatrick wanted fair compensation after a career season in New York, but he never found another team willing to give him true leverage.
That's probably because last year was the perfect marriage of scheme, timing and talent as the Jets were a game away from reaching the playoffs for the first time since 2010. In fact, Fitzpatrick, whose relationship with offensive coordinator Chan Gailey goes way back, also fared well under the coordinator during Gailey's stint as Buffalo's head coach.
While Fitzpatrick won't be viewed as a high-end fantasy QB (although those drafting late could do worse), those intersted in Brandon Marshall, Eric Decker and Matt Forte in PPR leagues can breathe a little easier.