Bent Gets Serious: Jets Cap Status
Before even attempting to analyze the Jets cap position, it needs to be acknowledged just how complex the salary cap is. With that said, even if you are familiar with all the nuances, unless you actually work for the team, it is impossible to have all of the relevant information about each player’s contract. Finally, nobody even knows what level the cap will be set at next year, so projecting accurately is barely possible.
However, my assessment of the situation is below and if you have any cap related questions, leave them in the comments. Click here to
As mentioned, the cap is very complicated, but my assessment of the position is that, assuming the cap increases by $10m (which would be a bigger increase than last year), the Jets (with Favre) are currently more or less right at the cap for 2009 and that’s before they re-sign any of their free agents, which include Barton, Nugent, Elam, Wright, Clowney, Ratliff, Murrell, Mosley and Richardson.
However, not all of those will be re-signed and most of them should be fairly cheap. Because of the way the cap works (based on the 51 highest salaries), if a guy is re-signed and his cap number is $1m, this will replace the lowest salary on the list, so will only use up about $600K of cap room, so it is really hard to project accurately. However, there should be a small cost in re-signing these players or equivalent replacements. Having said that, there are only 40 players currently under contract for 2009, so any new contracts until there are at least 51 will hit the cap in full.
Then you have to consider that the team must be desperate to extend Leon Washington’s contract, which expires at the end of next year. To do this and make the re-signings as above (and also take into account that a portion of the cap will be ring-fenced to pay their draft picks), they must create cap room. Ignoring Brett Favre, some of the guys they could potentially release and the room it would free up are as below (but these guys would either be need to be replaced by someone on the roster or there would be a further cost).
Ellis – 4.6m
Jenkins – 2m (if released before $4m roster bonus)
Moore – 5.5m (if released before $5m roster bonus)
Barrett – 3.7m
Bowens – 2.6m
Baker – 2.1m
Not all of these are likely to be released and releasing anyone else saves less than a million or gives rise to a cap hit. Note that this is an inexact science, because each time you release a player, the 52nd highest salary becomes the 51st highest and therefore counts against the cap, but the dead money created by the cap hit arising will always count in full.
(For the layman, dead money is money that still has to be – or already has been – paid and counts against the cap even after a player is released. For example, if a guy signs for 5 years with a signing bonus of $10m, $2m will count against the cap each year, along with the player’s salary and any other bonuses. Releasing him early accelerates that money against the cap for that year, so if he is released in year 3, the remaining $6m will all count against that year’s cap).
If they want to release Coles, his $7m salary has been guaranteed, so will still count against the cap*, so that doesn’t help you, plus you will likely have to spend extra to find his replacement.
* If however, Coles can be traded, then I understand this will create $5m of cap space. However, the new team would have to be willing to take on the guaranteed $6m of salary in the final year of his contract.
The other way to create cap space would be to release Favre (or if he is traded or retires). This will save them $13m with no cap hit or dead money arising. If they don’t release him, they might just about be able to afford to re-sign or replace their key free agents and offer Leon Washington an extension, but they don’t figure to be in the market for any marquee free agents unless the cap is set at a higher amount than expected, in which case EVERYONE will be in the market, so the prices will rise.
You can also give consideration to the restucturing of deals, either by inducing a guy to take a pay cut in order to stay with the team (perhaps Bryan Thomas or Kenyon Coleman fall in this category) or by restructuring the contract so that more of the salary is paid in later years (backloading). Backloading obviously means the cap position in a future year is affected, but there is the possibility of an uncapped year in 2010 if the CBA is not extended. However, it would seem to be extremely risky to rely on that.
There is also a distinction in bonuses, which can be LTBE (likely to be earned) and NLTBE (not). NLTBE bonuses do not count against the cap unless they are paid and then they count in the following season. Whereas LTBE bonuses count regardless and then if they are not paid, you get a cap reduction the following year. The league decides on the status of such incentive bonuses. Money can also be moved from year to year by paying bonuses early or guaranteeing salary.
In conclusion, although the process is so inexact, I hope the above details give you enough information to make your own assessment of where the Jets are. I would classify them as in a reasonable position where they don’t need to release any key guys and should be able to fill most of their holes, but are unlikely to be major players, although if Brett Favre is not here next year, maybe they could afford one big name free agent.
47 Responses to Bent Gets Serious: Jets Cap Status
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Bent, this is exactly why the Jets can ill afford Favre. He will cripple them with the cap situation. The Jets need to resign Murrell, Clowney, Ratliff and Richardson out of the FA bunch and maybe Elam. The releases should be fairly simple, Bowens, Barrett, and Baker which would save over $8 mil. Also restructure some of those contracts and the Jets should be in fairly decent shape to sign there mid-1st draft pick and 1 big FA acquisition.
What a mistake by Tanny giving Coles that guaranteed contract, even if we trade him he will still count against the cap?
I thought both Eric and Brad Smith were FA’s or is that next year? -
Bent quick questions why is it that the Yankees exceed the salary cap and pay penalties and interest at the end of the season…Just wondering if the cap in baseball and football are run in a similiar fashion….Although Brett is a money maker for WOODY J the question should really be is WOODY willing to sacrifice the overall success of the team for one player…Looking at the FAVRE issue from a cap stand point My oppion is not to bring him back unless he is willing to restructure….
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Good question gang green, I have often wondered about that myself. For cap room Favre and Baker need to go.
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BENT, i’m a little confused then…Why is that many teams dont cut players due to them counting against the salary cap if salaries are not guaranteed…Is it that these specific players have their salaries guaranteed specifically into their contracts on a player to player basis and not as standard across the league…
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ALSO haven’t teams really avoided cap issues due to giving players huge signing bonuses and lower base salaries…If thats the case WOODY open the wallet again and sign us a TOP WR and CB and pay them the signing bonuses so we can make a SUPER BOWL RUN this century….I still have alot of respect for FAVRE as a player and his accomplishments but for 13 million dollars at 40 years old I think the RISK to REWARD percentage of FARVE performing well next year warrants FAVRE not to be resigned …
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Bent, doesnt league rules prohibit a team from using the franchise tag unless he is going to start and not be a backup, this assuming Brady comes back?
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SWiZZLE great question and if the answer is YES he has to play they wont opt for him over BRADY…In that scenerio I again say DO NOT resign FAVRE and give CASSELL the 8 million he will want a year to play here….The JETS then gain 5 million between the difference of FAVRE TO CASSEL’s base salary and we have the money to make some excellent FREE AGENT moves…We also can gain some more cap space by cutting some of the dead weight players who have not played up to the money we have spent on them….
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Another reason to cut Favre now, not that anyone who watched the games needs another reason.
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Baker should be cut before his salary vests. I also think Ellis has not been the leader on or off the field that he should be and should be cut.
The NFL is a hard cap. Baseball does not have a cap. Luxury and other taxes kick in if you go over the maximum amount (not sure what amount is).
Also I am not sure Cassell is worth the money.
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ed(itor) I think he is a better option than Favre,can be a franchise quarter back,has been on a team with a remarkable record for several season and several superbowl appearences,and has been mentored by a great coaching staff and TOM BRADY…he has the ability,is coachable,and has had a season of play under his belt along with several on the sidelines…he has learned what it takes to be a winner and i think he could breath a breath of fresh air into a postion that has plaqued the JETS for many years..
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wow.
farve counts as $13 mil against cap. i guess i knew that, but i didn t know that his number would be completely wiped out should he not be playing here.
i m glad i dont have to make that decision on keeping him or not. i guess my thoughts are that QB is the most important position the feild, but if we could land that corner from oak and a receiver that stretched the feild then it may be worth it.
from the financial point of view, i still can t see woody not bring favre back, but what is best for this team?
maybe the nay’s from the previous thread may be onto something.
if brandon moore counts as 5.5 against the cap, that seems like a no brainer. he is an adequate RG at best. heck, we could draft a guard in the 4th rd and prob not lose much.
barrett should have been gone 3 years ago.
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While I agree that Moore’s 5.5 against the cap is high i would not call him an adequate RG. I actually think Moore is underrated. I would look for Moore to restructure his deal to makei t a little more cap friendly since the Jets (broke their own rule) and re-did his deal with 2 years left. We need tis line to stay together and build on a solid year. We can draft a guard for the future to help both guard spots next year
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When you begin to look at the cap and 2009 free agency cutting Favre is almost necessary. On a positive note the Jets ate about 15,000,000 in dead money in 2008. McCareins, Vilma , Drob, Kendall, and Kimo took a chunk of the Jets Cap this year. In 2009 they take a 3 million dollar hit for Chad. So IMHO we may have 25 million to spend in march.
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Which way should the Jets go in FA, any very good WR’s available, as for the secondary I know the guy from Oakland might be available, Asomugha. Throw some money at him, now you have 2 lock down corners and draft a WR in 1st or 2nd round.
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Bent, do you have any info on how much we can expect our first-round pick to cost against the cap? Just wondering if that pick is going to require more cuts from the list above.
imho, we should definitely look to re-sign Clowney (our best possibility for a downfield threat), Wright (our best special teamer) and Ratliff if the next coach thinks he could be a player. Elam’s OK, but he’s mistake-prone and likely to be looking for a decent payday. I’d be fine with losing the other guys.
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Give some credit to Najy, for giving everyone a heads up with the TJ interview on Hot 97. It seems all the papers and ESPN (now on there front page) were a day late with this one. Now they are saying that Favre really wasn’t a good teammate, shocker.
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Bent, I rather see the JETS sign Cassel to a long term deal at 10 million a year than FAVRE at 13 million for maybe one year and be in the position again that we are searching for a quarterback…Bite the bullet this season with Cassel and build an offense around him that can be successful in…We dont need a one year wonder this organization needs a quarterback that they can stick with and build for a future of several winning seasons not one….Cassel has proven he can win now and his mobility has really impressed me at least watching some of his games..We know he can get the ball down the field and doesn’t turn it over that often…I think bringing Cassel in at the same time as a new coaching staff is a win/win situation because our back-up QB CLEMMONS hasn’t proved himself to be a viable option.Not to say that CLEMMONS or RATIFF can’t be great future QB’s but the proof is on the field and in real game situations where CASSEL has been very impressive almost every game…Hearing people calling him a one year wonder…NOT thinking so myself with his consistent play week in and week out.. 11 wins out of a first year player in this AFC EAST and playing the competition they did outside the division is something I wouldn’t take too lightly…..
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ALSO cant see billicek spending 12 mil to franchise a back up quarterback if Brady is returing..Brady is still young and I dont see them turning the reigns over to Cassel in the near future so franchising him would be the biggest mistake NE could do…plus spending half their cap money this year to keep him IN MY BOOK not a chance….
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When are people going to realize that taking Patriots castoffs, in addition to being humiliating, DOESN’T WORK. Cassel is the definition of a system quarterback. There are plenty of better quarterbacks out there. We may even have one or two on our team.
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JOE i have posted this question before WHAT IS A SYSTEM QUARTERBACK or player in matter of fact…this one liner kills me…because he was successful in the patriots offense makes him a system player….WHAT is he supposed to be a non system player like FAVRE…YOU give me an example of one successful player in the league that isn’t a system player…. Coaches bring in players to FIT THE SYSTEM… I really need someone to explain to me on how being a system player is a bad thing…I know lets bring back D rob at NT cause he’s not a system player…LETS keep up the ludicous non sense statements like he’s a product of the system so we never bring in good free agent talent ever…lol what a joke…AFTER ALL the system players we brought in this year on defense you should know better than to make a ridiculous statement like that on here……AND JOE name the better FREE AGENT QB”S with a better upside than down side Waiting to see this LIST BRING IT PLEASE>>>>IM WAITING
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Aside from the Favre issue – again, I liked the one-year gamble if it didn’t have lasting repercussions – there are plenty of other roster/cap concerns that will surely impact a new Head Coach decision, on his and the team’s side.
It’s likely got to be someone confident in running a 3-4, or some hybrid that can work with existing personnel for the next couple of years.
I would definitely keep Brandon Moore, as chemistry and continuity on O-Line will be even more valuable if they’re breaking in a new QB, like KC or Ratliff. I think it would be crazy to pay Matt Cassel 10-12 million after one good season. I’d much rather go with one of the young, cheap guys on the roster.
Another shut-down corner like Asomugha would be great but does it ever pay off to give those big FA CBs crazy money? I’d rather spend the money at WR, giving whomever the QB is more help and gamble that more pressure up front will mitigate the shortcomings across the field from Revis.
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when kendall left, he was the best player on the line. it became impossible to replace him with that little amount of time.
in this situation, moore is the weakest link on a strong line. i just feel like he could be replaced quite easily with the experience on this line. to be able to save the 5.5 mil, minus what his replacement would count as would be a pretty good deal.
i think the main difference here is guys like clarke and bender were being asked to play a major role on last years line, if one of those guys were here now, obviously not as good as moore, but the point being is that there inefficiencies could masked a lot better with a pro bowl center on one side and a former pro bowl tackle on the other, not to mention the right side is the weak side anyways.
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Gang Green-
Maybe what people mean by “system player” is that he was able to step into an extremely well-coached, veteran team, with a great deal of continuity, after having been familiar with and running the plays in practice for several years. Not that he couldn’t be great on another team, just that it’s something of an unknown how he would respond to different coaches, systems, adversities. You could say that about any player, of course, but Cassel will command an awful lot of money for someone without much of a track record.
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Bent I agree like i said about not paying FAVRE 13 mill but with CASSEL in turn we get the chance at a long term acquisition with a huge upside and a team winning mentality…he’s young,coachable,mobile,accurate arm,and proven that he has a football mind and learns the system well…IF you thought earlier on your post that Billicek would franchise him at 12 mill why wouldn’t we take the shot at getting the next BRADY like quarterback for 10 mill….must be we dont want to win 3 superbowls….
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Subwayfare thanks for shedding a little more light from your explanations i can see using the statement as it was…JUST seems ludicrous at all the titles thrown on players before anyone even knows who and what they are capable of… SORTA like PROFILING and i hate that crap but everyone has the right to their own oppion and sorry for snapping at ya JOE B…
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Fair enough, Clements might have worked out for SF, but I’ve seen a lot of money thrown at CBs in the post-Dion era and it’s hard to say they were the difference makers in wins the money implied. Many teams win without having two superstar CBs. In spite of his gaffs this year, I think Lowery will improve and there might be someone else out there – no more Ty Law, please – who could perform well enough, with a better pass rush, to prevent locking 100 mil into Asomugha.
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GG – It is frustrating to hear terms like that tossed around without a lot of thought behind them – not that that’s what I’m saying Joe B was doing. It sure will be frustrating if Cassel becomes the new Brady somewhere else, but even more frustrating if Ratliff or Clemens do when we could have had them for a pittance.
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dallas’s terrence newman and houston’s dunta robinson are free agents cb’s this upcoming year also maybe get a better deal looking in their directions Also LEE EVANS,Terrell Owens,T.J. housh,Antonio Bryant,Amani Toomer,Bobby Engram,shaun mcdonald,Lance moore,Ashey lelie,Nate Wahington,Lance Moore,Brandon Lloyd,Hank Baskett, NO Excused for this offseason not to get a FA wideout with this much talent availible…AND Crabtree in the first round looks mighty fine too…
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Favre is a waste of money! and now seems to be a locker room problem too with the comments coming out now! If Ratliff or Clemens threw the interceptions that favre threw they would of been benched after doing that 2 games in a row. If were going to have a QB throw around 20 interceptions a game, let it be a rookie QB, young QB- not a veteran like Favre. Its one thing to throw int., being rookie/inexperienced throws, it another when they are just pathetic, inexcusable decisions by a Veteran throwing it up for grabs into double coverage, no where near the WR like favre did with half his Int.
Two other waste of money guys are Bubba Franks and David Barrett- cut them both!
Clowney needs to be our deep threat guy. Would love to see Clowney as our #1 WR and Ratliff as the QB- they seemed to of had nice chemistry in the preseason, want to see them both playing together for real, next season.
Someone commented before that Baker and Bowens are a waste- I like bowens, thought for the most part he did a good job, played multiple roles- but if Murrell is able to step and play his role for a cheaper price than cut Bowens. Baker didnt have much of an impact in the passing game- so if that is the case, im sure there are plenty of other TE’s out there with blocking as their specialty for a cheaper price. But i think he has great hands- just poor coaching- not making/calling plays for Baker to catch the ball.
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Bent
Two questions:
1) There was a site until just before the season that had an Excel sheet of the whole cap breakdown. I remeber check Baker’s cap hit if he were cut in 2008 or 2009 and was sure it said that his salary would be over $4 million if not cut by June 1, 2009. Can you verify that or is your $2.1 number solid?
2) Can you explain the set-aside for rookie salaries? There is some nuance in the CBA that allowed the Jets to sign all their draft picks for a small number (I thought I remembered $2.5 million), despite up-front money in excess of that.
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Continuity on th offensive line is worth the $5.5mm. Adequate guards are getting expensive these days. We have other needs besides drafting an OG.
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Bent, I would assume that, even if the Jets want to retain Favre, that they will cut him and then resign him to a lower contract. The Jets should keep Moore…continuity on the OL is one of the most important goals for a successful team…look at the Giants or Pats.
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Are all of you guys affiliated with the jets organization? Honestly, ya’ll are dishin’ this dirt about contract clauses as if ya were there for the signing. Are you all secretly players and ya never answer my questions because I offended you?
I STUCK UP FOR YOU, DREW COLEMAN!!!!!!!!!!!!!!
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AND YOU TOO, BRAD SMITH!!!!!!
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guys, this is obsurd. let’s say brady doesn’t get hurt this year, and cassell becomes a free agent. would you spent 8-10 million a year on him?? he is a SYSTEM qb. enough of the NE to NY acquisitions. he’s not that good. he also is throwing to welker and moss. who is he going to be throwing to here? coles and cotherey? come on guys. pick a qb in the draft, maybe a mark sanchez. i just can’t see cassell being that good here in NY. sorry
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Bent, regarding your comment ‘Since this part of the cap is ring-fenced, you may as well use all of it.’
It seems The Jets have been (SB)”ring-fenced” for 40 years…except they are outside looking in…
:-)





You lost me at “Bent gets serious”. Not really, but close. Great work. From all of this I think it really benefits us is Favre is gone one way or another. With Favre we struggle to resign others and definitely don’t sign any outside help. Without him we can resign those we want and have outside possibilities.