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Jets Restructure Nick Folk to Make Cap Room


David Harris

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From Cimini -

"1. Capped out: Remember the start of free agency, when the Jets had more than $50 million in salary-cap space? It was John Idzik's going-away present to the franchise. Those days are long gone. In recent days, they were down to the last couple of nickels and dimes in the piggy bank. They were so desperate for cap room they restructured Nick Folk's contract and waived rookie defensive lineman Davon Wells from injured reserve with an injury settlement.

Before the Folk move, which saves $1.2 million, they were only $985,000 under the cap, according to Overthecap.com. Now they have wiggle room, but not much. It will hamper their flexibility if they have to make roster moves during the season. Also, if they decide to cut Folk after the season, they'll now have to deal with a cap hit.

They lost a few million in recent days because it's no longer the top 51 against the cap; that accounting method is used in the offseason and preseason. For the regular season, everybody under contract counts against the cap -- the 53-man roster, plus players on the practice squad, injured reserve and suspension lists. Right now, the Jets have 71 players on the payroll. It puts them in a precarious position. If they get hit with a rash of injuries, they're in big trouble.

You're probably thinking, did this affect the Muhammad Wilkerson negotiations? The answer is no. Actually, a long-term extension might have helped create breathing room. They could have structured a deal that would have lowered his current cap charge.

Watching them spend big bucks in the offseason was fun, right? Well, the credit card bill just arrived in the mail."

Explains alot if true...

 

 

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Wow, if this is true then the Jets have really been low balling Mo...

"Then, within hours of Dareus's extension becoming official on Thursday, the Jets presented a new proposal that the source said was still less than half of what Dareus will receive in terms of total dollars and guaranteed money, and was not close to the $23 million in full guarantees at the time of signing that Jordan received this summer, either."

that's an obvious agent leak, designed to gain fan support in my opinion

 

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