A physical layer (PHY) device includes a first encoder that receives a first data stream at a first data rate, that encodes the first data stream using a first type of encoding, and that outputs first encoded data. A second encoder receives a second data stream at a second data rate different than the first data rate, encodes the second data stream using a second type of encoding different than the first type of encoding, and outputs second encoded data. An output selector outputs the first encoded data to a serializer of the PHY when the PHY transmits at the first data rate, and outputs the second encoded data to the serializer when the PHY transmits at the second data rate.