SALARY CAP dept. ~ ~ ~
“Salary cap hell.”
That is how one league source described the Jets’ current salary cap situation. That may be an overstatement, but it is going to be one of the new general manager’s immediate challenges.ESPN reported yesterday the Jets are $19.4 million over the projected 2013 salary cap,the most in the NFL,and the perception of the situation may be scaring GM candidates away.League sources said at least two people have turned down the chance to even interview with the Jets because the salary cap situation scared them away. As much as has been made of the new GM being forced to keep Rex Ryan as head coach, the team’s salary cap health appears to be the bigger challenge.
The circus-like atmosphere around the Jets has extended to the GM search, with several candidates still in the picture for owner Woody Johnson to choose from.
Former Browns GM Tom Heckert canceled his interview because of concerns over the cap, according to a source. The Jets have also seen Dave Caldwell (Jaguars) and Tom Telesco (Chargers) pick other teams over them.The Jets had three interviews yesterday with Dolphins assistant GM Brian Gaine, Steelers director of football and business administration Omar Khan and former Bears GM Jerry Angelo, according to sources. All have experience dealing with the cap.
Today, the Jets will have three more interviews with Seahawks vice president of football administration John Idzik and two candidates whose names are not known, but are both former GMs in the league, according to a source.The Jets’ cap situation is not as bad as it appears on the surface,though.They carried $3.4 million over from 2012, ESPN reported.The Jets can easily maneuver their way under the cap by releasing linebacker Bart Scott, linebacker Calvin Pace, tackle Jason Smith and safety Eric Smith next month. That would save them $30.7 million. You can add another $1.5 million if they release quarterback Tim Tebow, as expected. Those moves would put them $12.8 million under the cap.
The problem for the Jets is that leaves them with only 10 players who were starters this year under contract — QB Mark Sanchez, C Nick Mangold, T D’Brickashaw Ferguson, WR Santonio Holmes, WR Stephen Hill, NT Sione Po’uha, DE Muhammad Wilkerson, LB David Harris, CB Antonio Cromartie and CB Darrelle Revis. They will probably tender tackle Austin Howard, who is a restricted free agent, to bring the number to 11.Then, the Jets would have to hope some of their unproven draft picks from the last few years can step into starting roles. Backups such as RB Bilal Powell, DL Quinton Coples and G Vlad Ducasse may become starters in 2013. The Jets also may hope either Antonio Allen or Josh Bush can grab one of the safety spots.
AFC East salary cap numbers
ESPN.com senior writer John Clayton has the early salary-cap projections for 2013.Keep in mind, these are raw numbers before any roster cuts are made. These numbers are subject to change when teams begin making transactions.
But here is where each AFC East team’s cap currently stands :◾Buffalo Bills: $20.6 million under
◾Miami Dolphins: $35.8 million under
◾New England Patriots: $18.6 million under
◾New York Jets: $19.4 million over
Overall, the AFC East is doing well with the cap. The Dolphins are the major players from the division and one of the biggest in the NFL. Expect Miami to make some significant signings in free agency.
The :badmood: New York Jets are the only team over the cap. The new general manager will have a lot of work to do. New York needs to get under the cap and provide enough space for free agents and its rookie class.Look for the Jets to cut several veterans such as safety Eric Smith, offensive tackle Jason Smith and linebackers Bart Scott and Calvin Pace. New York also will be hard-pressed to re-sign starting safety LaRon Landry, tight end Dustin Keller and tailback Shonn Greene.
The Bills and Patriots are both in decent shape and most likely will make additional cuts to add more cap space.
We where in worse shape last year Tanny just dragged it out anther year with that Sanchez deal. I think cap can be made it is just a matter of how they do it. We just can't bring any 4+mil FA this year is all.
Maybe the Jets' Cap Situation Isn't Hopeless
The biggest savings, $12 million, can be had by cutting tackle Jason Smith.Before the Jets' new head of football operations tries to rebuild this 6-10 team, he must first dig it out of a roughly $25 million salary-cap hole. That helps explain why the Jets' top football job remains unfilled more than two weeks after the firing of general manager Mike Tannenbaum.But a closer examination of the Jets' 2013 obligations reveals that an act of Congress won't be needed to rescue this team. At least that much cap room can be found by simply cutting some disappointing, highly paid veterans.
According to NYJetsCap.com, the Jets will be about $21 million over the estimated 2013 salary cap when the new league season begins in March. Additionally, the team needs to clear about $4 million more to sign its 2013 draft class.The biggest savings, $12 million, can be had by cutting tackle Jason Smith, a backup whom ProFootballFocus.com ranked just 35th at his position based on his performance on every snap. Linebacker Calvin Pace ranked 69th of 72 linebackers and saves the Jets another $8.6 million if cut.Fellow starting linebacker Bart Scott graded much better (23rd of 112), but returns the Jets another $7.2 million if released. Defensive tackle Sione Pouha, safety Eric Smith and quarterback Tim Tebow all graded poorly, too, and can be let go for a combined salary cap windfall of about $7.4 million. That adds up to $35.2 million—$10.2 million more than needed even before renegotiating other contracts for additional savings.
Due to arcane NFL salary-cap accounting, other players actually result in a cap charge if cut. For example, jettisoning quarterback Mark Sanchez in 2013 would force the team to first find another $4.3 million cap room.
This Can Work
Here are the dispensable players whom the Jets can save the most 2013 salary-cap room by cutting, along with their 2012 ranking at their position. player position cap value cap savings
if cut 2012 positional rank Jason Smith T $12M $12M 35th of 122
Calvin Pace LB $11.57M $8.56M 69th of 72
Eric Smith S $3M $3M 125th of 170
Tim Tebow QB $2.59M $1.53M 34th of 71
That's a real tough position to be in. Having to rely on new faces and draft picks to step up. Biggest problem will be finding a decent QB if/when Sanchez fails yet again next season.
Other AFC teams have their problems with FA signings, but seem to be in much better shape to do so given their cap status.
In reality, it seems that the Jets are a couple seasons minimum away from contending for an AFCCG and a Championship, and that's if everything falls into place. QB , OC, GM, HC, and all the other pieces needed to make the Jets a cohesive football organization.
Good Luck next season. Always look forward to the Jets games when they play the Patriots.
The Financial Page
That Sunk-Cost Feeling
After a farcical 2012 season, in which the New York Jets invented ever new ways to lose games (thus the “butt fumble”), the team’s general manager, offensive coördinator, and quarterback coach are all gone. Yet Mark Sanchez, the starting quarterback, remains. He has played poorly for two seasons in a row, and has now thrown more interceptions in his career than touchdowns. But the Jets have invested an enormous amount of energy and money in Sanchez, and, assuming that no one will trade for him, they are contracted to pay him $8.25 million next year, whether he plays or not. So figuring out what to do with Sanchez will be trickier than you might think.
The Jets have stumbled into a classic economic dilemma, known as the sunk-cost effect. In a purely rational world, Sanchez’s guaranteed salary would be irrelevant to the decision of whether or not to start him (since the Jets have to pay it either way). But in the real world sunk costs are hard to ignore. Hal Arkes, a psychologist at Ohio State University who has spent much of his career studying the subject, explains, “Abandoning a project that you’ve invested a lot in feels like you’ve wasted everything, and waste is something we’re told to avoid.” This means that we often end up sticking with something when we’d be better off cutting our losses—sitting through a bad movie, say, just because we’ve paid for the ticket. In business and government, the effect pushes people to throw good money after bad. The quintessential case of this is the Concorde. There was never a convincing business case for the supersonic airliner, and there were numerous attempts to kill it. But those attempts all failed, in large part because of the billions that had already been spent.
The sunk-cost dilemma isn’t just about waste. It’s also about reputation—after all, the future is uncertain, and if you keep a foundering project alive there’s always a chance that it will right itself. “Giving up on a project, though, means that somebody has to admit that he shouldn’t have done it in the first place,” Arkes says. “And there are lots of executives who would rather be tortured than admit that they’re wrong.” If you’re faced with this problem, it’s tempting to look to those times when staying the course has worked out. After all, plenty of N.F.L. teams have eventually been rewarded for sticking with struggling quarterbacks—most notably, the Giants with Eli Manning. Andrew Brandt, a former N.F.L. executive who’s now a business analyst for ESPN NFL, told me, “When you stray from decisions from year to year, that’s when you get in trouble, unless you have an option so attractive that it’s worth giving up on your current plan.” The problem is that patience is often simply self-justification. The organizational behaviorist Barry Staw, in a 1995 study of the N.B.A., showed that high draft picks consistently got more playing time than lower draft picks, regardless of whether their performance justified it. When executives think they’re being patient, they’re often just being obstinate.
The most intriguing aspect of sunk costs, as Arkes and others have documented, is that greater investment in a project increases people’s belief that it will succeed. That may help explain what happened last March, when the Jets gave Sanchez a contract extension that guaranteed his salary through 2013. Since Sanchez was already signed for two more years, and was coming off a mediocre season, the extension seemed peculiar to outside observers. But the Jets argued, and doubtless believed, that it was a smart way of locking up a young player. It was a classic case of what psychologists call the “escalation of commitment.” Since the Jets had bet big on Sanchez, it seemed reasonable to place an even bigger bet on his future.
So how do you counter this problem ?
“Taking the original decision-maker out of the picture and letting a fresh pair of eyes look at the pros and cons can help,” Arkes says. He points to a Staw study of a bank that found that loan officers were reluctant to acknowledge that loans they’d made had gone bad, whereas new executives were far more likely to take the loss and move on. Whoever becomes the Jets’ new general manager will have no personal or reputational investment in Sanchez, which should make it easier for him to be more objective, though he’ll still have to persuade the head coach and the owner. New York might also take comfort from the success of the Seattle Seahawks, who showed a remarkable indifference to sunk costs this year. Last spring, Seattle signed the quarterback Matt Flynn to a hefty free-agent contract, a chunk of which was guaranteed. But in training camp Flynn was outperformed by a new draftee, Russell Wilson. The Seahawks put Wilson in the starting lineup, Flynn got to throw only nine passes all year, and the team made it to the playoffs. This happened only because the Seahawks understood that Flynn’s salary was irrelevant. “I don’t want that to matter to me,” the head coach said of the investment. “You want the best guy at that time to play.”
To be fair, the Jets face a harder problem than the Seahawks did: the talent pool of available quarterbacks is small, and, because of the N.F.L. salary cap, they’ll likely have a limited amount of money for signing an alternative to Sanchez. “Unless the Jets get lucky in the draft or bring in a veteran who can remake his career, Sanchez could well be the best option,” Brandt told me. Even so, while the Jets figure out whether Sanchez is the best option, they need to forget—forget how much they’ve paid him, how high he was drafted, and even the fact that the head coach has a tattoo of his wife wearing Sanchez’s jersey. All those costs are sunk. Worrying about them will only insure that the Jets are, too. ♦
Welcome, John : Put on your thinking cap
New GM John Idzik is known as a salary-cap guru. Well, he'll have to do a lot of "guru-ing" to fix the Jets. The team's 10 highest cap figures account for $110 million of the projected $120 million cap. Obviously some of these players will be cut to create room, but it still will be a tight squeeze.
The 10 highest cap charges for 2013 :
LB David Harris -- $13 million
QB Mark Sanchez -- $12.8 million
WR Santonio Holmes -- $12.5 million
OT Jason Smith -- $12 million
LB Calvin Pace -- $11.6 million
CB Antonio Cromartie -- $10.8 million
LT D'Brickashaw Ferguson -- $10.7 million
C Nick Mangold -- $9.1 million
CB Darrelle Revis -- $9 million
LB Bart Scott -- $8.7 million
IMO Sanchexz will get every opportunity to beat out any new comers to the jets, unless they draft a guy in the first. But it will be a competition.
My Jets and my Mets are in the same precarious position but for different reasons. The Jets are hamstrung by a hard salary cap and the Mets are hamstrung by financial problems self-inflicted by ownership. Both teams have a lack of talent and bloated salaries. The Jets and Mets both appear to be headed towards years of non competitiveness.
Jets need to do what Sandy Alderson was hired to do for the Mets. Cut salaries and never sign impending free agents to high cost contracts. Rebuild the teams via draft picks and only sign low cost free agents.
@nfl: Per @RapSheet: Cowboys could re-work up to 10 contracts to get under salary cap http://t.co/RMriCR56ob
@AdamSchefter: Dallas restructured contract of DE DeMarcus Ware, converting $5 million of his base salary into signing bonus, saving $4 million against cap
|All times are GMT -4. The time now is 07:19 AM.|
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2013, vBulletin Solutions, Inc.
Copyright ©1999 - 2013, JetsInsider.com LTD