I read somewhere that the Jets, currently, are $1.7 mill over the cap. With that in mind, what direction should we go in? I know there is a FA thread but this is more specific to the true dollars and cents. Do we ask Sanchez to re-structure a bit? I can't see Revis restructuring crap. Who else are out big number guys outside the QB and DB? Do we even try to bring back Ellis and/or Taylor at a minimum...IF they will take the minimum that is. Does the $1.7 mill include what would be Holmes & Edwards current contracts? how about Harris? He's signed at the Franchise Tag tender...If we can cut a contract will that bring the number down? The cap is at $120 mill or so... Capologists...weigh in because I would like to know!
www.nyjetscap.com has all the information. We're currently at just under 102 million, NOT counting rookies or David Harris's franchise number. First order or business is to extend Harris to knock his number lower, and to restructure Sanchez. Those 2 things alone will free up a large sum of cap space. Check out the thread posted somewhere on here about how the Jets can free up space, from Jetsblog.com.
Sooooo....if we're around 102 mil, I'm pretty sure that puts us at 18 mil under the cap instead of the reported 2 million over. What the hell am I missing?
1. Sanchez will be restructured. His contract is basically designed to be restructured this year, with a huge salary, but a comparatively small bonus amount. They can move as much $8M off his cap figure (but may not want to). 2. D'Brick has a huge cap figure, but he's not being restructured. Probably neither is Mangold (who also has a decent sized figure). Pace and Scott both make a bunch, but neither one is an easy restructure - they're both probably want to exact some concessions from the Jets for it down the road. Thomas and Tomlinson both carry cap figures of about $3.5M and can both be cut with minimal long term cap damage, and significant short term cap savings. (If we want to go that way). 3. The $102M doesn't include any UFA money. Those guys aren't part of the $102M at all. 4. We can get Harris's cap figure down to about $4M probably this year if we go all out. Again, like Sanchez, we may not want to go too crazy there, because that money will have be paid down the road regardless. But at the extreme, with something like a 4 year, $40M deal with a $15M signing bonus, his cap figure could be as low as $4M-$5M. 5. The question is really at this point how all out they want to go. With the dead money off the books, the Jets could really go on a spending spree this year, but it would mean they'd be in for a possible world of hurt down the road if someone gets hurt/starts to stink. (As they'd have tied up future cap money already). All told, they can spend something like $30M this year however, maybe more if they cut Tomlinson and Bryan Thomas.
Sanchez has nothing to lose and everything to gain here. He will still end up getting the same amount this year. Difference? His dead money would be greater in the future years, making it a win situation for him since Jets would not cut him incase he starts playing like shit. This is a must do situation. D'Brick has a base salary of $5.6 mil. But his cap charges are huge for the future years. Noway Tanny touches his contract. Same for Mangold. Duh. Harris' cap hit will definitely be worked around. Between Harris and Sanchez, Jets can very easily save $13 mil. Harris has a cap number of almost $11 mil right now (excluded from the $102 mil)
As nearly as I could tell, that 1.2 mil over figure that ESPN put out counts Edwards, Cromartie and Holmes as all being on the team already. What cap value it places on any of them is a mystery to me, but I'm sure it's closer to what they were all making as restricted free agents than what they'll be making soon under new contracts. The simple way to think about this is that if the Jets can work the phones fast enough over the next three days, maybe they'll manage to keep two out of three. It definitely works in the Jets' favor that nobody can sign anybody for the first couple days, it gives them a chance to see how they can fit the pieces together before any of these guys make commitments. For example, if Holmes and Cromartie both draw huge offers, the Jets will know they should still be talking to Brad Smith's agent. And they can try to call Carlos Rogers or Fabian Washington for a competing quote. If this was like normal free agency opening, they'd be hard pressed to keep up with all their guys. Make no mistake though, it is certainly possible the Jets could fall apart significantly over the next day or two, and almost certain they'll lose more talent than they'll add.
Current cap: $102 m Harris Tag: $11m Rookie deals: $4 m Total cap: $117 m NFL Cap: $120 m We have the following notable FAs: Shaun Ellis Steve Weatherford Brodney Pool Tony Richardson Braylon Edwards Wayne Hunter Antonio Cromartie Santonio Holmes Eric Smith Brad Smith Drew Coleman Kellen Clemens Nick Folk James Ihedigbo Robert Turner Thats a huge group with several starters besides the 3 big FAs. Harris and Sanchez should save around $14 mil, bringing the cap space to $17 mil. Bart Scotts restructure would save another $3 mil.. Bryan Thomas will most likely become a cap casualty saving over $3 mil. Releasing LT and resigning him to the veteran exemption would provide another $3 mil towards the cap space. This brings the total cap space to $26 mil. We'd need to pay the non big-FAs and it would probably be around at least $10 mil as a rough estimate assuming we sign all of them or have similar salaried replacements. With the remaining $16 mil in space, we can only sign two of the big three FAs.
I didn't mean Sanchez wouldn't want to restructure. I mean that with dead money not counting, the Jets may not want to restructure. Or that they might want a more modest restructure than moving the full $14M in salary into a bonus. We could see a more conservative approach, with the idea that the team is already awfully good, and they might rather have more cap room available for next year rather than keep pushing cap hits down the road.
With that in mind, read my previous post. If we don't restructure Sanchez, then we are left with around $17 mil in cap space to sign all the FAs including SEVERAL starters. 2 safeties, 2 WRs, 1 corner, kicker, punter, DE. Sanchez has to be the first one to be restructured.
Ive searched for it, but didn't find anything. I am highly doubting that the dead money incurred while the league was in an uncapped year would be part of the new CBA. If it did, the cap would be too low, not just for the Jets.
This is pretty good but the current cap is more like 105 (they have to be a ton of workout bonuses) and the NFL cap is more like 126.5.
Bryan Thomas is going to definitely be facing a take it or leave it offer.. slice his salary significantly or be released. And he's not going to really have teams banging down his door offering big money on the open market.. he'll have to take what the Jets are offering, and most likely will.
Bonuses are factored into a player's cap #.. And reports are that the cap will be between 120 and 123 million this year.
Oh really? Well here's some info on the new deal, including the projected cap: And you're also wrong about the bonuses. For example, D'Brickashaw was due a 750,000 dollar workout bonus. That (plus his prorated portion of his signing bonus) + his salary = his cap number. His cap number is what is taken into account when, ya know, figuring out the salary cap of a team. Here's a link to all the cap info: http://nyjetscap.com/salary.html I suggest you read it slow and try paying attention..
