I don't know all of the information, but here is what I do know when it comes to some of the Jets cap stuff. I believe this is accurate, but not a guarantee. The thing you have to remember is that these $25 million over numbers do not include the cost of tagging John Abraham. In order to get under the cap AND tag Abraham (for the intent of a trade) you need to clear about $34 million. With Law, I believe his current cap number is $14 million. I believe cutting him would result in $2.4 mil in dead money (The renegotiation they did late in the year turned his 06 guarantee into a signing bonus, saving the Jets 600K on the 06 cap). If my data is correct, cutting Law saves $11.6 million. According to a Fox Sports article in October, Fiedler's cap number is $5.63 million. According to the info I have he only received a 500K bonus on a 5 year deal. Based on these figures, cutting Fiedler saves about $5.25 million. If you want to cut Martin you save $2.4 million. His base salary is $6.2 million. If he is willing to cut his salary down below $3.8 mil, the Jets would save more by keeping him. I honestly have zero info on Dewayne, and whatever escalators are in his contract. Cutting Fabini saves $3.4 million against the cap, unless he is willing to play for the vet minimum, this should be a no-brainer. Kendall received 6 mil in guarantees between 04-06. I don't know how they were split up, but assuming they were divided up equally between the three years, the savings from cutting him is $2.3 million. Cutting Martin, Fabini, Kendall, Law, and Fiedler. If all of this info is correct saves $24.95 million. However that alone will not be enough if you want to tag Abraham, sign picks, etc. I don't know if there's any bonuses that Mawae is due this March. Assuming there is none, cutting Kevin only saves $1.2 million. There has been talk of Sowell being cut. Assuming there are no unknown bonuses (none to my knowledge), cutting him saves $400K. Cutting Jolley saves $545K, however with Baker a free agent, I don't know how viable of an option this is. Eric Barton has a $1 million roster bonus his way. Converting this into a signing bonus, saves about $670K against the cap. Dewayne, Coles, and Ellis all reportedly have huge roster bonuses due. Unfortunately I do not have this info. Unless the savings from renegotiating those three contracts results in like $10 mil in savings. I don't know if the Jets have the cap room to cut Curtis/Chad and tag Abraham at the same time. For that reason I think either Chad or Curtis (if not both) are back on a reduced contract.
Our cap situation will be significantly better this year...if the right cuts are made and certain players restructure. We should be under the cap by a hair.
I thought that the "$30 million over the cap" number included Abe's contract as well. If this is the case then doesn't it also reduce the total when he is signed?
Does the CBA effect the 06 cap number or is that going to be for the 07+ season? if so I though we would be looking at a 100m cap number?
www.wissearch.net/jets is back on line and more accurate. Still not 100% perfect, but we're always looking.
To outline your guys you want to cut: Ty Law's cap # is not even CLOSE to 14 million. It's more like 6. His 11M payout due 3/2, is not a roster bonus. It's an option bonus that can be spread out over 4 yrs, or 2.75M a year. Big difference there. You are right on Fiedler, cutting him would save about 5M I also do not have details on DROB Fabini = 3.2M if cut (last yr of his deal, his base is 3.2M) Mawae = 1.13M Sowell = 391K, although I've heard 600K elsewhere Cutting Jolley would be a DUMB DUMB DUMB move. If you cut him, you have to find a replacement. The replacement would be more than 545K Barton is due 1.5M in a roster bonus. Cutting him would be dumb as he can still play. Making that roster bonus a signing bonus over the last 3 yrs of his deal would lower his cap hit by 1M, which is almost as much as you would save cutting him You want to restructure EVERYONE and cut Chad, the one who will save you the most restructuring. You guys need to think things through before going cut happy.
I have one question, that no one has been able to answer thus far, howeer it woulld make a huge difference in our cap situatuion. Is that 26 million over counting bonuses players are due? Based on the numbers I can find for player salaries, it would appear to me that those bonuses are included which would be why the cap number is monsterous, I really don't think things are as bad as they seem. According to the cap page that was just posted we have 62 players under contract for 100 million which is alot more manigable considering the obvious cuts and retirings that will occur.
The figure is 114M by all reports, and that only includes the top 51 players (which is the same as my site, it says 62 guys because 62 are under contract, but the salary cap rules state only 51 count right now). There are bonuses out there my site has yet to uncover. DROBs escalators are definitely a good chunk of that, and I believe I am a little off on Law's hit (it's 6.X million, I haven't determined the X) and Fiedler's (5.X, again missing the X portion). The salary cap figures of 26M over do include bonuses, and a lot of roster bonuses are hard to uncover. That's what I look for everyday when I update the site. If anyone finds something out and wants to include it on the site, let me know! Our cap situation is sticky, but it's not absolutely terrible. Pennington can help it a lot by restructuring. If he takes the Jets deal, we save 8M this year. He's likely to move it up a little, meaning maybe a 7-7.5M savings. Law does not save us 6.XM, as we'd be stuck with 2.4M of his money on the cap, so he'd free up 3-4M. Fabini should go freeing up 3.2M more. That's 15.2 if you count Chad as 8M. If Fiedler goes, that'll save 5M or so putting us at 20M saved. Coles needs to be restructured and if he is he'll save a LOT since he counts about 10M right now. Kendall is another one who can be restructured. If we take his base salary of 4.3M for 2006, and simply make it a guaranteed bonus over the 3 yrs remaining on his deal, we save 2.86M. Yes, I know we push him back into future years. Not counting Coles, if we do everything I suggest, it's 22.86M. We still would have Coles/Martin left to restructure. Mawae could also be restructured. Barton can have his 1.5M roster bonus turned into signing bonus saving us 1M. We can get under the cap, but I can't see us getting under enough to be big players in free agency, or have room for Abraham.
I'm feeling optimistic about the whole thing. In fact, control the Cap and the sky's the limit as to what we can accomplish in the next several years. A big challenge, I know, but I think this team has a lot of talent that wasn't fully developed and utilized under Edwards. The head coach sets the tone for the entire coaching staff and it all pyramids down from there to the players and the maximizing of players' abilities. I'm pretty optimistic that if we can get the Cap under control (and it has to be done "efficiently"), with our draft picks and the new FO and coaching staff in place, we can be contenders in 1-2 years.
I'm not trying to be cut happy. I don't want to cut Jolley (couldn't replace him at that cost), Barton, and Sowell. The savings on these guys are not worth the loss in talent there. I really only mentioned them for reference sake, not to suggest that they should be cut. Barton especially should be kept. If possible I think you cut Chad if you are serious about rebuilding. If you bring him back in 06 and he proves to be shot, cutting him in 07 results in $9 mil of dead money. That scenario severely limits your ability to spend in 07 and sets you back another year. If you're truly going to rebuild, you go all the way when it comes to Chad and Curtis. Keeping 1 or both in a gamble that they return to what they once were is only going to significantly limit what you can do in 07 and beyond. I know you are very good with the cap stuff, but your cap figure for Law ($6.5 mil) is more than $5 mil less than what everyone else has and is reporting.
The cap hits for cutting both Martin and Pennington this year is just too big to live with, unfortunately. That's why a pay cut for both of them is actually the best thing for the team, cap-wise. If both were cut, it would be almost impossible to get under the cap.
Well the key is just how big of a savings is there from cutting Ty Law (the biggest descrepency between me and JetsIn2004). If the numbers I (and a lot of other people are reporting) about Law's cap number being over $12 million I believe it is possible to get cut Martin/Pennington and have enough room to tag (and trade) Abraham. Cuts Blaylock: $1.4 million Fabini: $3.2 million Fiedler: $4.72 million Kendall: $3.3 million Martin: $2.2 million Total: $14.82 million Renegotiate (converting roster bonuses to signing bonus) Barton $1.0 million Coles $4.8 million Total: $5.8 million That's $21.62 million in savings before taking into account Law (minimum $4 mil savings, I think its closer to $10), and renegotiating the reportedly, but unknown roster bonuses of Robertson and Ellis.
JetsIn2004, So essentially they are counted in that 26 million over number that keeps getting thrown around, just liek I thought. We really aren't int hat bad of shape in reality, just on paper. Thats probably why the front office says iin every process that the cap will not be a problem and we'll be able to do what we need to do. I think the 12mil+ Ty Law number takes his roster bonus and devides it over his contract as if it were a regualr signing bonus. However, if we were to save 12million cutting Law, it would be great, I just really doubt its that much.
Not if you read the latest reports. Cimini reported a figure in the 6s the other day. The 11M is NOT a roster bonus. It's an option bonus triggering the rest of his contract. That's a fact. When it's an option bonus, it is spread out over the length of the contract, at a max of 7 years, USUALLY. With the CBA situation, that is 4 years now because they can not stretch past 2009. Cimini reported this with his figures the other day in the paper. Coles had the highest figure at 10.
Your figure on Blaylock is dead wrong. If he's cut, he'll cost 920K additional dollars on the cap than if he stays on the team from everything I see in reports. If you have reports to prove otherwise, I'd like to see them. I definitely CAN be wrong. Ty Law's # is not 12M. You can look at Cimini's articles, or go to http://users.adelphia.net/~tonysracing/. EVeryone is on my side here.
Everyone has their magical numbers and what if senarios, but the end result will be two years of cutting good veteran players and signing minimum wage guys to fill the holes we create. I would rather see a HUGE change this year and have the team clean house, than I would want them to try and spread the pain out for two or three years.
Agreed but you are talking about guys who don't understand the cap, free agent terms or the impact of the salary cap. These are the same fans who are going to be screaming when the Jets are relatively silent in free agency this year.
