Jets '09 Salary Cap Projection / My Suggested Adjustments

Discussion in 'New York Jets' started by WhiteShoeWillis, Dec 30, 2008.

  1. WhiteShoeWillis

    WhiteShoeWillis Well-Known Member

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    There has been a lot of speculation about the Jets salary cap situation in '09, so I dug some info up. This excellent site, http://www.nyjetscap.com/salary09.html, made it pretty easy. In my searches I also found that the NFL salary cap is going up by at least 6% for '09. That number could very well be higher.

    NFL '09 Projected Salary Cap: $123,000,000
    NYJ '09 Projected Cap: $131,249,485 source
    NYJ Dead Money: $3,312,204
    Current Projected Cap Balance: ($8,249,475)

    Players with significant savings if cut/traded:
    Code:
    Name		Base Salary	Prorated Bonus	Roster Bonus	Other Bonus	Cap Value	Dead Money if Cut	Cap Savings if Cut						
    Favre, Brett	$13,000,000 	$0 		$0 		$0 		$13,000,000 	$0 			$13,000,000 
    Moore, Brandon	$620,000 	$225,479 	$5,000,000 	$0 		$5,845,479 	$384,292 		$5,461,187 
    Ellis, Shaun	$4,650,000 	$2,225,000 	$0 		$0 		$6,875,000 	$2,225,000 		$4,650,000 
    Barrett, David	$3,710,000 	$842,000 	$0 		$0 		$4,552,000 	$842,000 		$3,710,000 
    Bowens, David	$2,000,000 	$133,334 	$500,000 	$100,000 	$2,733,334 	$133,334 		$2,600,000 
    Baker, Chris	$2,100,000 	$250,000 	$0 		$0 		$2,350,000 	$250,000 		$2,100,000 
    Jenkins, Kris	$750,000 	$900,000 	$4,000,000 	$750,000 	$6,400,000 	$4,350,000 		$2,050,000 
    Let’s look at them on a case by case basis.

    Favre: IMO he is likely retiring. That would immediately put us back in the black. If Favre does decide to come back I think it is reasonable to consider a pay cut for him. Yes, he’s a legend, but his play this year didn’t exactly show it. I think it’s reasonable to try and rework his deal over a couple of years and pay him somewhere in the neighborhood of $7-$10 million for ’09. That would save us $3-$6 million off the cap.
    Bottom Line: Favre will retire saving us $13 million in cap space.

    Moore: Moore has been a good soldier and played well for us, especially in ’08. He was a big part of our running success on the right side of the line. His salary should stay as is.
    Bottom Line: No Change.

    Ellis: Shaun has been an above average DE for us, and is the longest tenured Jet. We don’t want him to go anywhere. He hasn’t exactly been dominant though, and he’s probably overpaid in ’09 at nearly $7 million. We can probably cut his base salary by about $1.5 million.
    Bottom Line: Restructure contract to save $1.5 million.

    Barrett: There probably isn’t an easier cut on the roster. Barrett barely made the field for a below average secondary and is being paid too much. We save nearly $4 million on the cap by releasing him.
    Bottom Line: Cutting Barrett saves $3.71 million.


    Bowens: Bowens has provided nice depth for our 3-4 lining up at OLB, ILB and DE. While his $2.6 million isn’t a huge figure, it’s too much to pay an aging depth player. We should be able to chop that figure in half.
    Bottom Line: Restructure contract to save $1.3 million

    Baker: With the emergence of Keller, Baker is paid too much to be the occasional 6th lineman with hands. We all know he’s not taking any pay cuts.
    Bottom Line: Cutting Baker saves $2.1 million.

    Jenkins: Baker is a beast when healthy and the key to our 3-4 being successful.
    Bottom Line: No Change.

    Favre retiring:
    Savings: $21.61 million
    Sub-Total: $13.37 million

    Favre restructuring to $8.5 million in ’09 instead of retiring:
    Savings: $13.11 million
    Sub-Total: $4.91 million

    Other players of note:
    Code:
    Name			Base Salary	Prorated Bonus	Roster Bonus	Other Bonus	Cap Value
    Coles, Laveranues	$6,000,000 	$1,000,000 	$0 		$0 		$7,000,000 
    Rhodes, Kerry		$700,000 	$666,666 	$5,000,000 	$20,000 	$6,386,666 
    Coleman, Kenyon		$3,000,000 	$1,250,588 	$250,000 	$150,000 	$4,650,588 
    Thomas, Bryan		$1,900,000 	$1,600,000 	$0 		$250,000 	$3,750,000 
    
    Coles: Unfortunately we made a bad deal with Coles and are stuck with his $7 million unless he wants to be a nice guy and take a cut for the good of the team. We’re on the hook for the $7 million regardless of whether we keep him, cut him or trade him and he knows it. Note to Tanny, don’t ever guarantee a contract again. I’m a Coles fan but $7 million is a bit much at this point in his career.
    Bottom Line: No Change.

    Rhodes: I’m probably going to take flak for this, but Rhodes hasn’t looked like a guy that makes $6 million+ this year. We should try and talk him down on that $5 million roster bonus.
    Bottom Line: Reduce Roster Bonus $1 million.

    K. Coleman: Coleman is an average 3-4 DE. We need to try and shave at least $1 million off that ’09 salary.
    Bottom Line: Reduce Base Salary $1 million.

    B. Thomas: Not much to say here, he’s over paid. Shave $1 million off that salary.
    Bottom Line: Reduce Base Salary $1 million.

    We should be able to work another $3 million or so from these guys based on performance.


    Favre retiring:
    Savings: $24.61 million
    Adjusted Projected Cap: $16.37 million

    Favre restructuring to $8.5 million in ’09 instead of retiring:
    Savings: $16.11 million
    Adjusted Projected Cap: $7.91 million
     
    #1 WhiteShoeWillis, Dec 30, 2008
    Last edited: Jan 9, 2009
  2. Kaiser

    Kaiser Member

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    Goodbye David Bowens, Bryan Thomas, David Barrett, and Chris Baker!
     
  3. jetsfan007

    jetsfan007 New Member

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    OMG! Get rid of Favre, David Bowens, and Chris Baker. They are useless! Why jets pay so much money to players that they don't live up to it. It's like New York Knicks. Jets needs young players! Screw those old fart players!
     
  4. WhiteShoeWillis

    WhiteShoeWillis Well-Known Member

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    I'd really like to keep Bowens, he's provided great depth for us. He is a bit over paid though, so hopefully they can rework that contract.
     
  5. Jaded Green

    Jaded Green New Member

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    Tell Favre To Beat It!!!
     
  6. brothermoose

    brothermoose Well-Known Member

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    Leave Bowens alone (in Brittney guy voice)...paycut wouldn't hurt though 2.6 mil is still cheap for a vet that can play any of the front 7 minus NT.
     
  7. kevmvp

    kevmvp Well-Known Member

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    I havent looked at the Jets cap situation yet so i'll just talk about some of the guys you mentioned.

    1. I feel it is imperative to get David Barret, Bryan Thomas, and Kenyon Coleman out of here. Coleman is not a bad player but he makes to much money and doesnt produce enough to warrant getting paid what he is getting.

    2. I think Favre will retire. That will help free up a lot of cap space.

    3. I feel the best thing to do with Coles is to try and move him. Trades dont happen a lot in the NFL though and his contract doesnt help.
     
  8. WhiteShoeWillis

    WhiteShoeWillis Well-Known Member

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    We're on the hook for Coles' $7 million regardless of what we do with him though. I'd rather keep him here than see him go to Miami.
     
  9. GreenHornet

    GreenHornet New Member

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    If the cap situation is as you say, it should be a relative lay-up for Tannenbaum. I am not worried at all.

    We definitely should lock Leon up though.
     
  10. WhiteShoeWillis

    WhiteShoeWillis Well-Known Member

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    Agreed on both counts. Once he clears some space up, Leon should be priority #1. Pay the man.
     
  11. Revis Flytrap

    Revis Flytrap New Member

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    I like what you say about B. Moore. He was perhaps the most improved player this year. He did a very solid job and at times, was excellent.
     
  12. ATL-JET

    ATL-JET Active Member

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    LMAOOOOOOOOOO. Yo, that dude is HILARIOUS. But I know not to many people got what you were getting at.

    However, if we get Cowher, we need to get rid of who needs getting rid of, or rework who ever's contract needs it, in order to get the people here to make this team competitive. And not just a playoff team, but a SB contender. How do we have 7 Pro Bowl selections and are not in the playoffs.

    There is enough talent on this team to have mad a run for the SB. So the bottom line was the coaching or lack there of.

    I pray we get Cowher and if so he's going to want his own people here and getting under the cap will make that easier for him to do.
     
  13. MyFavoriteMartin5

    MyFavoriteMartin5 New Member

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    Actually our cap balance next year is not ($4,937,271). You have to include the dead money $3,312,204, from cutting players this past year. So the Jets are right now $8,249,475 over the cap. That may change if the jets get their cap increased based on incentive credits, but really it looks like it will be ($8,249,475) in the red. Still if favre retires the jets cap situation should be ok. Plus cutting barrett and baker will help
     
  14. TheBlairThomasFumble

    TheBlairThomasFumble Active Member

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    Fixed that for you.

     
  15. rhodesfan16

    rhodesfan16 New Member

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    Ok yes Favre has to go. the thing though is that Ellis had a resurgence so it might be hard to reduce the contract, Obviously you might have to move this money so that we take the hit latter on. Id rather trade Baker to get some value for him. Keller is clearly the man at the moment. We can always get a more blocking TE if we really need him. I agree with Barrett and Moore as well
     
  16. WhiteShoeWillis

    WhiteShoeWillis Well-Known Member

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    You're right, thanks. On his '08 cap page he has "$5,052,789 credit from 2007" in his calculation, any idea where that came from??
     
  17. 85inthehall

    85inthehall Well-Known Member

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    Rhodes had a lousy year because he was never put in as position by sutton to do anything--how can a key guy be an impact player when you send him 20 yards from the line of scrimmage???

    rhodes is still a stud and will be worth every penny with the right DC
     
  18. GBA

    GBA Well-Known Member

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    Favre and Barrett are the only ones on that list I'd really like to see gone. K Coleman, B Thomas, and Moore are also expendable but we'd need to find replacements first.
     
  19. BK_Jetsfan

    BK_Jetsfan New Member

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    This is one the best threads I've seen!
     
  20. UncleTomNYJ

    UncleTomNYJ Active Member

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    IMO

    Cuts
    FAVRE
    COLES
    Bowens
    Barrett
    Coleman

    Re-Structure
    ELLIS


    Thats probably the best the Jets could do.

    Also why would the Jets be on the hook for Coles' base salary?
     

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