Jets current cap space

Discussion in 'New York Jets' started by Beki, Jan 5, 2016.

  1. Footballgod214

    Footballgod214 Well-Known Member

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    I seem to remember Brick re-working his contract a few times to 'help the team'. Usually when a player re-works his contract it costs the team more in the long run for a bit of help now. Like part of his pay converted to a signing bonus that's prorated (cap wise) over the life of his contract.

    For example, Revis could take his entire 2017 salary ($17M) today as a signing bonus, and then that $17M salary is divided over the life of his contract (dead money). So for 2017 he'd only count $5M against the cap.

    That's what we've done with Brick in the past, so I wonder how much 'dead money' he's tied to. If he's cut, all his 'dead money' is accelerated to the here and now.
     
  2. James Hasty

    James Hasty Well-Known Member

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    The dead money is only a problem if / when we cut him loose.

    The salary escalators in his contract (for 2016 and 2017) are the bigger problem if we want to keep him.
     
  3. NCJetsfan

    NCJetsfan Well-Known Member

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    It's still a problem, and who wants to have a big chunk of dead money on the cap for an LT whose best days are long behind him? That's even more true, when you consider that they may need that money that year to re-sign another player or perhaps add a key FA to fill a hole, or maybe even to sign Brick's or Giacomini's replacement? No thanks. Kicking contracts down the road is not financially prudent. We learned that lesson all too well with Tanny as GM.
     
    #43 NCJetsfan, Jan 15, 2016
    Last edited: Jan 15, 2016
  4. TwoHeadedMonster

    TwoHeadedMonster Well-Known Member

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    $2,156,666,000,000.00 will buy us a new stadium and a couple of brand new aircraft carriers. I'm no cap guru, either, and I really do like Folk....but this is a no-brainer. Cut the man, buy Alaska or something.
     
  5. TwoHeadedMonster

    TwoHeadedMonster Well-Known Member

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    100%. I think Marcus Williams is better than a lot of people give him credit for, but not nearly as good as some think he is. But as a #2 CB, I think he fits the bill pretty well---understanding that with Revis on the other side, and Skrine in the slot, he's likely to get picked on at least some. Of course, until we upgrade our LBs, there isn't much reason to try picking on anyone else.....
     
  6. forevercursed

    forevercursed Well-Known Member

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    Unless that injury sapped a lot of his leg strength I wouldn't cut Folk. Guy is a good kicker. Bullock, while having a good leg, is too erratic. Reminds me of John Hall a bit, only even chubbier.
     
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  7. forevercursed

    forevercursed Well-Known Member

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    And if we do go ahead and cut Folk I would try and sign Justin Tucker. He'll have a rebound season no doubt
     
  8. FJF

    FJF 2018 MVP Joe Namath Award Winner

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    There's a time and place to kick the can down the road. Doubt it happens with brick but there are a few candidates that will likely turn some salary into bonus in order to free ul some extra space. I'm looking at decker and revis. Its common practice.
     
  9. Jets4eva9011

    Jets4eva9011 Well-Known Member

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    Wow, I want him big time over Bullock and Folk combined.

    Tucker only really struggled from 50 plus yards this season for some reason. He was dead automatic otherwise.
     
  10. Br4d

    Br4d 2018 Weeb Ewbank Award

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    There are 17 LT's making more than $5M for 2016. Where does D'Brick rank in terms of LT's these days? 18 sounds kind of generous to me.
     
  11. NCJetsfan

    NCJetsfan Well-Known Member

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    ROFLMAO! good catch! My bad.
     
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  12. NCJetsfan

    NCJetsfan Well-Known Member

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    Spot on.

    BTW I just saw yet another typo in my post you quoted. You either missed it or just took pity on this old man. That should be "Cro" not "Mo" in the sentence about playing the whole season as well as he did the last 2-3 games.
     
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  13. NCJetsfan

    NCJetsfan Well-Known Member

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    I had totally forgotten about turning salary into bonus. That should definitely help some, but I 'd be surprised if they gained a lot of room that way.
     
  14. Jetsfansince95

    Jetsfansince95 Well-Known Member

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    I'm not pro trading Mo but I wonder if Rex would give up a first and third for him :)
     
  15. NCJetsfan

    NCJetsfan Well-Known Member

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    I think that's exactly right, and why that kind of thing has to be done judiciously and only a small amount, not a big amount.

    Also, the problem with doing something like that, is that once you start, it can be hard to stop. You think, "Oh it's not much." Then the next year you do it again to gain some cap relief. Before you know it you're over the cap, have a ton of dead money and wind up having to cut good players you don't want to lose. It's not a good way to handle the cap in general.

    The other danger is that once you give the player all their money, they can lose incentive.
     
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  16. Jonathan_Vilma

    Jonathan_Vilma Well-Known Member

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    Often times a player will also restructure because they know they are getting nowhere near what they're making now on the open market. Let's say Brick shaves his number down from near $15 million to $9 million. That's still probably $4 more million or so he'd get than if he tested free agency.
     
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  17. Walt White

    Walt White Well-Known Member

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    There ya go... try to fleece Rex looking to replace Mario
     
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  18. TwoHeadedMonster

    TwoHeadedMonster Well-Known Member

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    This would be really appealing if Rex coached in the NFC South or some such, instead of the AFC East where we have to play him twice a year.
     
  19. Walt White

    Walt White Well-Known Member

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    I hear that. It's not likely.
     
  20. Footballgod214

    Footballgod214 Well-Known Member

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    I think dead money is a problem even if we don't cut a player. It counts against the cap either way. If we cut said player, then ALL his 'dead money' gets accelerated into this year's cap.

    For example, if Macc restructures Revis and gives him his entire 2016 salary ($17M) as a signing bonus, his 2016 salary gets divided into the remaining years on his contract. So 2-3 yrs from now even if Revis is still on the team we'd be paying $5-7M/yr in 'dead money' against the cap from his restructure back in 2016.
     

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