From NFL.com Pat Kirwin article... SALARY-CAP ADJUSTMENTS Finally, the salary-cap adjustments have been made and teams know how much space they have. The salary cap was set at $109 million per team but adjustments for each team had to be made for incentives earned and not earned. If a team had been charged in the 2006 salary cap for a likely-to-be-earned incentive and the player never earned that incentive, then the club gets the salary-cap space back in 2007. With that in mind, the teams with the most adjusted space are Minnesota ($118 million), Kansas City ($117.5 million), Jacksonville ($117.5 million), New Orleans ($115.5 million), and Cleveland ($115.4 million). On the other side of the coin, teams that had not-likely-to-be-earned incentives that didn't count against the 2006 cap but were earned by players during the 2006 season adjusts the 2007 cap down from $109 million. Teams seeing their cap space shrink include Tennessee ($105.4 million), the Jets ($105.8 million), Miami ($106.3 million), Pittsburgh ($106.3 million), and San Diego ($106.4 million). It's not a bad thing, especially if a player produced more than expected. However, it does take upward of $4 million of the 2007 space away from a team's effort to compete this season.
In theory it means they got 4M more last yr so it all evens out. Even though the Jets free room wasn't the highest going into free agency, they had a LOT of guys signed already so they had more room per player needed if that makes sense.
I think Tangini has made clear that they're not going to spend money because we have money to spend, we're going to invest wisely and build a team for the long haul. I'm betting this means that we'll never be bumping up against the salary cap as long as they're in charge. Therefore: salary cap, schmalary cap