Salary Cap space?

Discussion in 'New York Jets' started by jetman8094, Mar 10, 2007.

  1. jetman8094

    jetman8094 New Member

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    Does anyone know how much cap space we have left, now that we extended Cotch, Jones, and signed Coleman, Barnes, and Hamilton? Any info would be great from you cap gurus.
     
  2. Don

    Don 2008 TGG Rich Kotite "Least Knowledgeable" Award W

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    A lot. Cotchery will count about 1.7 million, jones about 2 million, coleman 2.2, barnes almost nothing and hamilton 800,000. If it's true we only had about 16 million to start that would leave about 9. We also had cuts that will buy back more and I don't think anybody knows Curtis Martin's new contract specifics. Before he signed it that would have bought back another 5 million at least. Even after accelerating his unamortized bonus. I'm sure when they got him to restructure last year they knew he may not make it back. It has to be cap friendly.
     
  3. supersonic

    supersonic Well-Known Member

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    Actually, I am pretty sure that I read Hamilton's $$ does not count toward the cap.
     
  4. JetsIn2004

    JetsIn2004 Banned

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    Cotchery will count a lot more than 1.7 unless you know more about the situaton than I do.
     
  5. Don

    Don 2008 TGG Rich Kotite "Least Knowledgeable" Award W

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    You're right. 2.2 million. I was using his last years salary of 440,000. I forgot he got a raise to 800,000. That and a 5 year prorated 7 million dollar bonus brings his cap number to 2.2 million.
     
  6. Don

    Don 2008 TGG Rich Kotite "Least Knowledgeable" Award W

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    But I was also wrong on Hamilton. He signed for 820,000 but will only count 435,000. So the bottom line is about the same. I guess the old memory bank needs a tuneup.
     
  7. ThunderbirdJet

    ThunderbirdJet New Member

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    I also read somewhere that when Martin puts his retirement papers in there will be 1.35 mil of additional cap space. I looked for a link, but can't find it. Might have been in Cimini's blog somewhere?

    I did my best to guess at the remaining cap space on the second page of the blog (see sig line link) but it's a purely amatuer effort, I'm no capologist, but I figured with Martin's retirement, it should still be around 9.5 to 10 mil under.... but don't call me on the carpet for that, it's a guess.
     
  8. JetsIn2004

    JetsIn2004 Banned

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    But you have no idea if he got a roster bonus or not.. Noone really does. Also, the bonus can be prorated over 6... as he signed a 5 yr extension I believe, not a 5 yr deal (which means his existing 1 yr remaining counts too). I could be wrong about that though.
     
  9. JetsIn2004

    JetsIn2004 Banned

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    Sounds about right... Probably won't happen until 6/2 though.
     
  10. MAJORPAYNE

    MAJORPAYNE New Member

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    We started out $20+ mil under and released a few guys before FA started where did 16 mil come from.
     
  11. AnyGivenSunday

    AnyGivenSunday Active Member

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    Pennington reached some incentives that werent counted in the $20+ million figure
     

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