{"id":859,"date":"2007-03-01T08:48:23","date_gmt":"2007-03-01T13:48:23","guid":{"rendered":"http:\/\/www.jetnation.com\/?p=859"},"modified":"2019-12-02T02:41:09","modified_gmt":"2019-12-02T06:41:09","slug":"jets-cap-update","status":"publish","type":"post","link":"https:\/\/miletestsite.com\/jets\/2007\/03\/01\/jets-cap-update\/","title":{"rendered":"Jets Cap Update"},"content":{"rendered":"

By Sperm Edwards<\/strong><\/p>\n

ESPN had us at about $21M under the 2007 back in January. Since then we’ve seen cuts (or upcoming cuts\/trades) of:<\/p>\n

Barlow $2.9M cleared
\nTeague $0.7M cleared
\nBlaylock $0.6M additional (no savings)
\nHamilton $1.5M cleared
\nRamsey $1.7M cleared
\nKimo $1.4M cleared
\n————————————————–
\nTotal = $7.6M cleared = $28M under the 2007 cap<\/p>\n

Further, cutting these players also clears up $1.5M (Hamilton) + $2.8M (Kimo) + $4.0M (Barlow) + $1.5M (Blaylock) = $9.8M on the 2008 cap. (Teague & Ramsey were only under contract through 2007.)<\/p>\n

Martin is harder to figure out because he was restructured so many times. Aec4\u00e2\u20ac\u2122s<\/a> figures for him retiring after July 1st are $3.25M net savings in \u00e2\u20ac\u212207 and $3.6M net savings in \u00e2\u20ac\u212208 ($2.25M residual cap hit subtracted from his cap #, if kept, of $5.84M).<\/p>\n

So far (with Martin\u00e2\u20ac\u2122s upcoming retirement) they have\u00c2\u00a0slashed ~$11M off the 2007 cap and ~$13.5M off the 2008 cap.<\/p>\n

This doesn\u00e2\u20ac\u2122t include other possible departures of Barrett (clears $2.1M in \u00e2\u20ac\u212207 and $4.3M in \u00e2\u20ac\u212208) and McCareins (clears $0.9M in \u00e2\u20ac\u212207 and $4.1M in \u00e2\u20ac\u212208). Those two would bring the 2-year cap savings to $14M in \u00e2\u20ac\u212207 and $22M in \u00e2\u20ac\u212208).<\/p>\n

I\u00e2\u20ac\u2122d sure like to think they\u00e2\u20ac\u2122re saving it for SOMETHING. And the league mandates that they do under the new CBA. I think every team is required to have a total cap # of at least $92.8M or so. With all these cuts we\u00e2\u20ac\u2122ll be at around $77M give-or-take ($32M under the cap limit of $109M) for 2007. When you have this kind of space, this isn’t “we don’t need to cut player-x” space; it’s “we’re going to sign players x, y, and z” money.<\/p>\n

A quick way of eating that up for \u00e2\u20ac\u212207 (while simultaneously keeping space clear for the future) is to give new contracts like Cotchery & Hobson roster bonuses instead of signing bonuses; in the future, their cap # would just be their salary & nothing more. They could also use some space to restructure players like Robertson (move some 2008 salary to 2007 roster bonus) so his cap hit next year won’t be a full $9M. Don’t know if either of these are their plans. Eventually you have to spend the money.<\/p>\n

But this is a good “problem” to have for a change.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Sperm Edwards ESPN had us at about $21M under the 2007 back in January. Since then we’ve seen cuts (or upcoming cuts\/trades) of: Barlow $2.9M cleared Teague $0.7M cleared Blaylock $0.6M additional (no savings) Hamilton $1.5M cleared Ramsey $1.7M cleared Kimo $1.4M cleared ————————————————– Total = $7.6M cleared = $28M under the 2007 cap<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,213],"tags":[],"class_list":{"0":"post-859","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-featured-editorials","7":"category-jet-news"},"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/peLffi-dR","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/posts\/859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/comments?post=859"}],"version-history":[{"count":1,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/posts\/859\/revisions"}],"predecessor-version":[{"id":47803,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/posts\/859\/revisions\/47803"}],"wp:attachment":[{"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/media?parent=859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/categories?post=859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/miletestsite.com\/jets\/wp-json\/wp\/v2\/tags?post=859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}