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Maybe The Jets' Cap Situation Isn't Hopeless

#1 User is offline   Chaos Icon

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Posted 16 January 2013 - 12:15 AM

http://online.wsj.co...4047331890.html

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Maybe the Jets' Cap Situation Isn't Hopeless

Before the Jets' new head of football operations tries to rebuild this 6-10 team, he must first dig it out of a roughly $25 million salary-cap hole. That helps explain why the Jets' top football job remains unfilled more than two weeks after the firing of general manager Mike Tannenbaum.

But a closer examination of the Jets' 2013 obligations reveals that an act of Congress won't be needed to rescue this team. At least that much cap room can be found by simply cutting some disappointing, highly paid veterans.

According to NYJetsCap.com, the Jets will be about $21 million over the estimated 2013 salary cap when the new league season begins in March. Additionally, the team needs to clear about $4 million more to sign its 2013 draft class.

The biggest savings, $12 million, can be had by cutting tackle Jason Smith, a backup whom ProFootballFocus.com ranked just 35th at his position based on his performance on every snap. Linebacker Calvin Pace ranked 69th of 72 linebackers and saves the Jets another $8.6 million if cut.

Fellow starting linebacker Bart Scott graded much better (23rd of 112), but returns the Jets another $7.2 million if released. Defensive tackle Sione Pouha, safety Eric Smith and quarterback Tim Tebow all graded poorly, too, and can be let go for a combined salary cap windfall of about $7.4 million. That adds up to $35.2 million—$10.2 million more than needed even before renegotiating other contracts for additional savings.

Due to arcane NFL salary-cap accounting, other players actually result in a cap charge if cut. For example, jettisoning quarterback Mark Sanchez in 2013 would force the team to first find another $4.3 million cap room.

—Michael Salfino

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#2 User is offline   Chaos Icon

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Posted 16 January 2013 - 12:19 AM

Few points:

1) Can we please stop yelling that the sky is falling? Yes the cap situation is tight, but it's nothing that can't be fixed. With some creative tinkering, the Jets can make this work this offseason. It is pertinent that they have a great draft, because FA will be limiting.

2) Some of these rankings... :banghead: I'm surprised Rex got as much as he did out of the defense. Pace and Smith need to go. Scott was better than expected. Hopefully Pouha comes back at a smaller number. Holmes and Cro aren't going anywhere.

3) Glad to see NYJetsCap.com get recognized. It's a great site for this type of information. The admin writes some good articles as well.
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#3 User is offline   chocomag Icon

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Posted 16 January 2013 - 09:23 AM

View PostChaos, on 16 January 2013 - 12:19 AM, said:

Few points:

1) Can we please stop yelling that the sky is falling? Yes the cap situation is tight, but it's nothing that can't be fixed. With some creative tinkering, the Jets can make this work this offseason. It is pertinent that they have a great draft, because FA will be limiting.

2) Some of these rankings... :banghead: I'm surprised Rex got as much as he did out of the defense. Pace and Smith need to go. Scott was better than expected. Hopefully Pouha comes back at a smaller number. Holmes and Cro aren't going anywhere.

3) Glad to see NYJetsCap.com get recognized. It's a great site for this type of information. The admin writes some good articles as well.

Agree on cap points and that Holmes and Cro aren't going anywhere. Also hope we don't trade for Flynn and absorb another hit on our cap. Also, we would have to replace the missing players that we cut and resign or replace our free agents (Moore, Slauson, DeVito, Landry, Bell, Folk, etc.). Might require some restructuring of existing contracts. Then we should lock up Revis long term.
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#4 User is offline   Jetsfan0099 Icon

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Posted 16 January 2013 - 11:24 AM

Cutting Holmes and Cromartie is stupid. Huge amount of dead money and it opens up more holes. I guess if we were to trade Cromartie for a draft pick maybe, but still we are trading a probowl CB away. No one will trade for Holmes coming off of a lisfranc injury, we have to keep him this season but after that we save big by releasing him. Will Holmes be the same player once he returns from that injury? Probably not, but if he is I would keep him with a new QB. Not open up another hole and eat over 11 mil in dead money.


The Jets can save a lot of money though by releasing the right players and restructuring some contracts. We also save $4 mil in cap space if we can trade Sanchez. In 2014 we will have a ton of cap space.
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#5 User is offline   azjetfan Icon

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Posted 16 January 2013 - 12:01 PM

Both Smiths and Tebow are gone. Scott and Pace will more than likely restructure. Who else will pay them more than there dead cap amount unless they just want out. ($3 Mill for pace and 1.5 Million for Scott.) That gives us 32.24 Million in relief. We will not miss Either Smith nor Tebow. Revis and Holmes will be back and from what I have read the depth of quality O-Line and WRs in this years draft is huge. We are fine. The sky is not falling as much as we all think it is.
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