cap savings so far

Discussion in 'New York Jets' started by jets21027, Feb 22, 2006.

  1. The Lord

    The Lord Active Member

    Joined:
    Dec 19, 2005
    Messages:
    1,572
    Likes Received:
    0
    I read somewhere they're down to about 11 million over. BUt another article from a different source later claimed they're at about 26 over.
     
  2. JetsIn2004

    JetsIn2004 Banned

    Joined:
    Jan 26, 2004
    Messages:
    11,912
    Likes Received:
    0
    They probably are not factoring in Abraham, and they ARE factoring in Martin. If Martin did a simple restructure, we'd be about 10.7 over or something like that not counting Abraham.
     
  3. PennyandtheJets

    PennyandtheJets Well-Known Member

    Joined:
    Feb 13, 2004
    Messages:
    12,435
    Likes Received:
    2,824
    You are a pretty smart guy and all, but coming off like that to other posters isn't really cool. Same goes for the other guy.
     
  4. JETSFAN5180

    JETSFAN5180 Banned

    Joined:
    Jan 1, 2006
    Messages:
    1,611
    Likes Received:
    0
    Well when forum regulars treat others like dirt and criticize posts people respond mean and nasty.I for one take nothing from anyone.The cap numbers are very confusing
     
  5. JETSFAN5180

    JETSFAN5180 Banned

    Joined:
    Jan 1, 2006
    Messages:
    1,611
    Likes Received:
    0
    What about the Chrebet savings? And Testaverde?
     
  6. JetsIn2004

    JetsIn2004 Banned

    Joined:
    Jan 26, 2004
    Messages:
    11,912
    Likes Received:
    0
    I was the one criticized boys, and maybe I reacted a little harshly.. Im sorry. I don't see why I am singled out.
     
  7. PennyandtheJets

    PennyandtheJets Well-Known Member

    Joined:
    Feb 13, 2004
    Messages:
    12,435
    Likes Received:
    2,824
    I am not even trying to upset you. I wasn't in the argument to begin with and I was just offering some opinions. You don't have to listen to me.
     
  8. lightning

    lightning Active Member

    Joined:
    Aug 23, 2004
    Messages:
    5,401
    Likes Received:
    1
    He was simply reacting to a harsh comment towards him. Something any of us would do.
     
  9. JETSFAN5180

    JETSFAN5180 Banned

    Joined:
    Jan 1, 2006
    Messages:
    1,611
    Likes Received:
    0
    what about chrebet and testaverde money?
     
  10. lightning

    lightning Active Member

    Joined:
    Aug 23, 2004
    Messages:
    5,401
    Likes Received:
    1
    testeverde was signed to the minumum, that money was already taken off before these numbers were released
     
  11. JETSFAN5180

    JETSFAN5180 Banned

    Joined:
    Jan 1, 2006
    Messages:
    1,611
    Likes Received:
    0
    Wait i think Testaverde signed a 2 yr deal ? I did not see any mention of him not returning?
     
  12. lightning

    lightning Active Member

    Joined:
    Aug 23, 2004
    Messages:
    5,401
    Likes Received:
    1
    no he only signed a 1 year deal, but you're right there hasn't really been any news about him, according to something i read he is a FA
     
  13. JetsIn2004

    JetsIn2004 Banned

    Joined:
    Jan 26, 2004
    Messages:
    11,912
    Likes Received:
    0
  14. mr nyjet

    mr nyjet Well-Known Member

    Joined:
    Aug 29, 2002
    Messages:
    9,057
    Likes Received:
    692
    :eek:hmy: he should be the first guy cut!:rofl:
     
  15. hotcoles87123

    hotcoles87123 Banned

    Joined:
    Feb 22, 2006
    Messages:
    285
    Likes Received:
    0
    I'm pretty sure you're wrong-- Ty Law's deal was really a one year deal the way they structured it. If you remember-- everything was incentive based, and it made his 2006 cap number through the roof. Everyone knew there was a 0% chance of the Jets signing his extention. They made it very cap friendly if they needed to cut him, or if he couldn't play due to his injury. His release counts for about 12 million off the cap. It will not be as hard as everyone thinks to get under. I am pretty sure that we saved about 20 million with the cuts. A few more moves and they will be ready to add one or two decent free agents, trade Abraham, and prepare for the draft.
     
  16. JetsIn2004

    JetsIn2004 Banned

    Joined:
    Jan 26, 2004
    Messages:
    11,912
    Likes Received:
    0
    No... I'm 100% positive it does NOT count as 12M off the cap.

    Read the newsday article out tomorrow. They report Ty Law's cut + Martin's restructure saves 9M.

    That's a 100% fact. Ty Law had a 2 phase contract. One phase for 2005, and another trigger for 4 more years. If the Jets opted to take the 4 more years, they paid 11M option bonus (like a signing bonus for the next 4 yrs of the deal).

    That's fact, and it's reported by all the papers.

    Also.. at this point, it doesn't matter. He's 2.4M of dead cash for 2006. I still have 103M on the books for the Jets including Abraham, and I KNOW for a FACT I'm missing some money.
     
  17. JetTerp

    JetTerp Member

    Joined:
    Mar 6, 2003
    Messages:
    674
    Likes Received:
    1
    So our current cap number is $11Mill (not including abraham)? If Penny restructures, and we release EITHER Kendall or Mawae, where will that leave us? Still sounds like we would need to make some more room. Coles deal is being reworked, but where else can they look to save $$?
     
  18. JetsIn2004

    JetsIn2004 Banned

    Joined:
    Jan 26, 2004
    Messages:
    11,912
    Likes Received:
    0
    Kendall should save just over 3M (3.3 I think) and Mawae 1.3.

    I think the 11M is right, or close to right anyway.

    I think Pennington, Coles, Ellis and/or Robertson restructures will do the trick with the cap to be honest.

    I have us 11M over, assuming the cap # is 92M, counting Abraham BUT I may not have all the information, and I am thinking I don't.
     
  19. Sundayjack

    Sundayjack pǝʇɔıppɐ ʎןןɐʇoʇ
    Moderator

    Joined:
    Sep 5, 2003
    Messages:
    10,675
    Likes Received:
    1,114
    Redoing those four strikes me as a monumental undertaking. I guess we'll see, soon enough.
     
  20. JetsIn2004

    JetsIn2004 Banned

    Joined:
    Jan 26, 2004
    Messages:
    11,912
    Likes Received:
    0
    You're right, we will see and it could be tricky, but even a simple restructure on Pennington saves 4.5M.

    I know a simple restructure is not in our best interests, but still it's nice to see how much it'll save.
     

Share This Page