I am just trying to figure out where we're out for cap space after all this glorious spending. I am by no means an expert on this, please help. Started at ~$27 Million + ~2.6 million (mccareins) + ~8 million (drob) + ??? (vilma) --------------------- 37.6 + whatever vilma saved us Jenkins (rotoworld) 2/29/2008: Signed a five-year, $30.25 million contract. The deal contains $9.5 million guaranteed, including a $4.5 million signing bonus, and annual workout bonuses of $500,000. Jenkins will be weighed 10 times per season and gets $25,000 each times he makes weight. 2008: $750,000 (+ $3.5 million roster bonus + $750,000 in workout/weight bonuses), 2009-2012: Under Contract, 2013: Free Agent. Cap charge: $5.9 million (2008). - $5.9 million Faneca (rotoworld) NFL Network's Adam Schefter reports that the Jets have reached agreement with Alan Faneca on a five-year, $40 million contract, with $21 million guaranteed. The Jets added a year to the original offer, but Faneca will never see that money. He'll be lucky to see the fourth year. In the meantime, he'll bolster a pitiful interior rushing attack. The Jets are overpaying, but they have a leader to help their young linemen develop. - guessing around $8 million? Pace ?? Guessing around $4-6 million? Woody Guessing around $3-5 million? This would leave us somewhere in the neighborhood of 12.7 and 16.7 + whatever we saved on Vilma. I'm just trying to get an IDEA of where we're at. Please help out with details or corrections if you know them. If that's correct, we're still in pretty good shape, in fact that's better than what the Pats started FA with. edit: Now that the drob trade fell through, we're down to somewhere between 4.7 and 8.7. My guess is that somehow we'll figure out a trade or otherwise pickup cap room (Pennington).
Going foward is anyone worried about the cap in a few years I am happy as hell we finally made a splash in Free Agency. But at the same time I don't want to be in cap hell either. I remember when Parcells left us in cap hell, and then again in 2002 we were in cap hell. I do have faith in Tannybaum to make sure this doesn't happen, it would just suck in a couple of years that we have to get rid of players because we are over the cap. Chad to start in 2008. One can only hope
They probably have $15M left, which is plenty to cover the draft, especially after re-structuring other contracts (if necessary). In other words, the people worried about overpaying these players need to calm down. YOU NEED TO OVERPAY TO BRING TALENT TO A TERRIBLE TEAM. Why else would good players want to come to the Jets?
Yea and with Pennington coming off the books next year or even being traded this offseason we will have even more cap room than that.
no...not at all really in 2 years the cba is up...if it isnt renewed then we have no salary cap and have no worries, but the other likely scenario is that they create a new cba and the cap would be raised significantly like it was last year...and everyone will again have breathing room
Tannenbaum knows more about the cap than every single poster here combined. If he sanctioned these deals, I am simply not concerned.
Also, with D-Rob gone, that clears 12 million over the next two years. Couple that with an increase in the cap next year, this team will be fine. I think now you won't see the Jets spend a lot in free agency next year. They will continue to build through the draft.
"OH NO!! AVOID CAP HELL!!!" A lot of people think that once the CBA expires, the cap may be tossed out altogether. Who knows. But as it's been stated.. Tannenbaum was a CAPOLOGIST before he was a GM. He knows what he's doing about the cap.
With how concerned our team is always behaving in regard to the cap, I honestly don't care how much money they ever throw around, just who they throw it at. If they throw it at players like these year in and year out, I'll never worry about a thing our management does again.
The real implication: Will we be able to sign kerry rhodes next year if he has yet another pro-bowl caliber year?
I doubt it. Not when D-Rob hasn't agreed a deal with Cincy yet. That would be a classic cart before horse mistake.
First, it wasn't a splash; it was more like a tsunami; you will never see this again. I have to believe their master plan took this all into consideration; it wasn't like giving Mrs. H my credit card and letting her go in Macy's for a few hours. That is cap hell........... I think Tanny knows exactly what he is doing.
It would be a terrible mistake if they don't lock him up to a 7 year deal NOW. Ditto for Coles, but 4 years rather than 7.
I think that a lot of people are trying to get their heads around this deal by peering at past statistics. The NYJ CS doesn't buy people based on what they've done, they buy them based on what they think they will do for the NYJ. In addition, the final price of the deal is dictated by the market and the market for OLBs is very expensive this year. That is just the way it is, if you want to play you have to pay. Now the Pace contract is for six (6) years. The signing bonus is $20 million that's a 1st yr cap hit of about $3.34 million. So if they gave him a salary (like Tannenbaum did with Jenkins) of $750K then we're looking at a cap hit of about $ 4 million. The cap hit from the Jenkins deal is $5.9 million. We got $4 million back from McCareins, Dyson, and Clarke. We got something back toward the cap from Vilma. We got something back towarda the cap from Eric Coleman. We will get $8.4 million back from DRob. Whatever the Faneca hit is. Looks like we're in pretty good shape on the cap. Let's see what Cimini has to say on the cap. Tomorrow morning Tannenbaum is going to be on WFAN for an interview. It would be a good time to discuss deals. I think that Tannenbaum is excellent as far as this cap management process is concerned. They want to take full advantage of the FA and they will also take full advantage of the draft. Cap Hell is a thing of the past, guys. There are a lot of owners that are talking about opting out this spring from the players' contract. And The NFLPA has said that if they opt out there will NEVER be another cap. Actually, when you think about it, this is probably one of the best of all possible times to take advantage of FA.
And don?t forget with Chad, Ellis and Coles there are 3 big contracts who?ll come off the Cap within the next 2-3 years.
