cap savings so far

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

  1. MSUJet85

    MSUJet85 ΜΟΛΩΝ ΛΑΒΕ
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    hey JetsIn2004 how much wiggle room do we have in the cap if we cut Penny?
     
  2. EcKo151

    EcKo151 Active Member

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    The Post says we have freed up about $23 million...Then again, that's the Post.
     
  3. Sundayjack

    Sundayjack pǝʇɔıppɐ ʎןןɐʇoʇ
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    Cannizzaro spilled mayo down his chin and smudged out the decimal point.
     
  4. ATL-JET

    ATL-JET Active Member

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    Thanks JetsIn2004 for explaining that. It's appreciated.
     
  5. ATL-JET

    ATL-JET Active Member

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    True. Now JI2004, with that being said and I apologize if you already answered this, what is the affect on the cap if LC spreads that money over a period in Guaranteed money vs an incentive laden contract?
     
  6. JetsIn2004

    JetsIn2004 Banned

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    Well incentives are an entirely different animal and can be confusing... I'm even confused what the effect of no new CBA has on them. I've heard conflicting reports, so I do not want to go there right now.

    As far as Coles taking money and moving it around. I've heard conflicting reports on Coles too. I heard 10M and I heard 6M. I know this. His base for 2006 is 2M. NFLPA.org reports this. His signing bonus proration is 1.4M. That's also a fact. That's 3.4M. This means there is 2.6 or 6.6M sitting somewhere.

    If he made that value (assuming it's a roster bonus) into a signing bonus, he'd save us 3/4 of 2.6 (1.95M) or 3/4 of 6.6M (4.95M). Of course, if he's cut in later years, he'd have more of a footprint then.

    However, with a player like Coles, you aren't going to be able to take much money away. That's not a knock on Coles. That's just saying he's still performing and he's not old, so you can't really expect him to take a cut.
     
  7. ATL-JET

    ATL-JET Active Member

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    I agree with lightning. Now lets all move on. LOL!!!
     
  8. ATL-JET

    ATL-JET Active Member

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    Thanks JI2004. Again, appreciate it.
     
  9. hotcoles87123

    hotcoles87123 Banned

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    OK- I got it now-- good call. I didn't know we take a 2.4 Million cap hit with this jerkoff. I thought they set it up so that we can let him go with little cap hit. I was wrong again!
     
  10. Joe Willie White Shoes

    Joe Willie White Shoes Well-Known Member

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    And who is the next QB smart guy????
     
  11. championjets69

    championjets69 2008/2009 TGG Darksider Award Winner

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    According to the Star Ledger including the JA thing we were 30M over & so far we cut that in half to 15M with the cutting of Law/JF etc. & restructing CM.
     
  12. championjets69

    championjets69 2008/2009 TGG Darksider Award Winner

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  13. Jake

    Jake Well-Known Member

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  14. AMJets

    AMJets Well-Known Member

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    I hope that article is accurate, but I don't know. JI2004 has been reporting different numbers, I believe.
     
  15. alwaysbeenajetsfan

    alwaysbeenajetsfan New Member

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    so far, from espn's stats, we have saved 18,956,428. I don't think by the way that Abe counts against the cap yet. He hasn't signed the tender, though I could be wrong.
     

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