How much money is freed up by letting Rhodes go?

Long Suffering Jets Fan · 03-07-2010, 06:34 PM

Wondering about the financial element in this deal. Does it free up significant $$$ to sign existiing, or new players? I know Rhodes signed a good sized financial deal a year or two ago.

Also did they Jets just say they were going to pay Rhodes the $2M, or did they actually do it?

Dimitri_0515 · 03-07-2010, 06:37 PM

[QUOTE=Long Suffering Jets Fan;3518169]Wondering about the financial element in this deal. Does it free up significant $$$ to sign existiing, or new players? I know Rhodes signed a good sized financial deal a year or two ago.

Also did they Jets just say they were going to pay Rhodes the $2M, or did they actually do it?[/QUOTE]

Good question but this move will definitely help us sign D'brick, Leon, Mangold and Harris. Out of all these guys that we NEED to keep, I'd rather have all these players than keep Kerry Rhodes and his hefty contract.

Mainejet · 03-07-2010, 08:01 PM

[QUOTE=Long Suffering Jets Fan;3518169]Wondering about the financial element in this deal. Does it free up significant $$$ to sign existiing, or new players? I know Rhodes signed a good sized financial deal a year or two ago.

Also did they Jets just say they were going to pay Rhodes the $2M, or did they actually do it?[/QUOTE]

ESPN mentioned long before the season had ended that cutting Kerry Rhodes would save them I believe 2 million. It also mentioned cutting Thomas Jones would free up about 4 million in cap space.

I could have the specific amounts applied to each player mixed up, but I do believe the total savings of cutting Jones and Rhodes freed up about 6 million...

SMC · 03-07-2010, 08:14 PM

Bonus and salary is about $5 million.

That "save" number has to do with salary cap (which there isn't in 2010, of course).

intothegreen · 03-07-2010, 08:16 PM

[QUOTE=Mainejet;3518220]ESPN mentioned long before the season had ended that cutting Kerry Rhodes would save them I believe 2 million. It also mentioned cutting Thomas Jones would free up about 4 million in cap space.

I could have the specific amounts applied to each player mixed up, but I do believe the total savings of cutting Jones and Rhodes freed up about 6 million...[/QUOTE]

2 million is Rhodes' bonus...so we save that plus his base salary which is prob another 2 million.

sg3 · 03-07-2010, 09:05 PM

who cares.... I'm just thankful his soft behind has been tweeted away from the Jets forever

Jason423 · 03-07-2010, 09:59 PM

The Jets saved 4.78 million in cash by not keeping Rhodes. They saved 5.8 million in cash on Jones. Im guessing that money is going towards Sanchez who is due a check for just over 10 million this week. I know its only two moves and Jones was not worth the 5.8 million, but it looks like the Jets are looking to save some cash. Id imagine that the thoughts of extending guys may not be happening as quickly or easily as we had thought. Right now the Jets are clearly paying out less money than they have the last few years. The 2008 and 2009 payroll were both right around 120 million. Right now the Jets are on pace to spend about 107 million, assuming Sanchez' bonus does not affect his actual salary this year.

doggin94it · 03-07-2010, 10:16 PM

[QUOTE=Jason423;3518288]The Jets saved 4.78 million in cash by not keeping Rhodes. They saved 5.8 million in cash on Jones. Im guessing that money is going towards Sanchez who is due a check for just over 10 million this week. I know its only two moves and Jones was not worth the 5.8 million, but it looks like the Jets are looking to save some cash. Id imagine that the thoughts of extending guys may not be happening as quickly or easily as we had thought. Right now the Jets are clearly paying out less money than they have the last few years. The 2008 and 2009 payroll were both right around 120 million. Right now the Jets are on pace to spend about 107 million, assuming Sanchez' bonus does not affect his actual salary this year.[/QUOTE]

Jason - how much does it shift from the 2011 cap? (assuming $0 hit for either player)

Jason423 · 03-08-2010, 12:27 AM

[QUOTE=doggin94it;3518298]Jason - how much does it shift from the 2011 cap? (assuming $0 hit for either player)[/QUOTE]

Jones will cost zero in 2011 whether here or gone. Rhodes 2011 cap hit would have been in the ballpark of 5.5 million in cap charges. So if nothing carries over they did at least save a big chunk of cap space.

FijiJet · 03-08-2010, 04:45 PM

[QUOTE=Dimitri_0515;3518173]Good question but this move will definitely help us sign D'brick, Leon, Mangold and Harris. Out of all these guys that we NEED to keep, I'd rather have all these players than keep Kerry Rhodes and his hefty contract.[/QUOTE]

For sure, it'lbe interesting to see what Rex has up his sleeve to replace our (former) 24 hour tweeter

doggin94it · 03-08-2010, 04:55 PM

[QUOTE=Jason423;3518393]Jones will cost zero in 2011 whether here or gone. Rhodes 2011 cap hit would have been in the ballpark of 5.5 million in cap charges. So if nothing carries over they did at least save a big chunk of cap space.[/QUOTE]

Excellent, thanks.

sg3 · 03-08-2010, 06:17 PM

getting rid of sherry would have been a plus even if it cost the Jets cap room.

getting rid of sherry and getting two draft picks for it is frigging BRILLIANT

03-07-2010, 06:34 PM	#1
Long Suffering Jets Fan Rookie Join Date: Feb 2006 Posts: 706	How much money is freed up by letting Rhodes go? Wondering about the financial element in this deal. Does it free up significant $$$ to sign existiing, or new players? I know Rhodes signed a good sized financial deal a year or two ago. Also did they Jets just say they were going to pay Rhodes the $2M, or did they actually do it?

03-07-2010, 06:37 PM	#2
Dimitri_0515 Banned Join Date: Jun 2007 Posts: 11,182	[QUOTE=Long Suffering Jets Fan;3518169]Wondering about the financial element in this deal. Does it free up significant $$$ to sign existiing, or new players? I know Rhodes signed a good sized financial deal a year or two ago. Also did they Jets just say they were going to pay Rhodes the $2M, or did they actually do it?[/QUOTE] Good question but this move will definitely help us sign D'brick, Leon, Mangold and Harris. Out of all these guys that we NEED to keep, I'd rather have all these players than keep Kerry Rhodes and his hefty contract.

03-07-2010, 08:01 PM	#3
Mainejet impatiently waiting for the Jets to win the SB Hall Of Fame Join Date: Jul 2004 Posts: 11,879	[QUOTE=Long Suffering Jets Fan;3518169]Wondering about the financial element in this deal. Does it free up significant $$$ to sign existiing, or new players? I know Rhodes signed a good sized financial deal a year or two ago. Also did they Jets just say they were going to pay Rhodes the $2M, or did they actually do it?[/QUOTE] ESPN mentioned long before the season had ended that cutting Kerry Rhodes would save them I believe 2 million. It also mentioned cutting Thomas Jones would free up about 4 million in cap space. I could have the specific amounts applied to each player mixed up, but I do believe the total savings of cutting Jones and Rhodes freed up about 6 million...

03-07-2010, 08:14 PM	#4
SMC Day-to-day Jets Insider VIP Join Date: Jun 2005 Location: NYC Posts: 22,032	Bonus and salary is about $5 million. That "save" number has to do with salary cap (which there isn't in 2010, of course).

03-07-2010, 08:16 PM	#5
intothegreen All League Join Date: Dec 2008 Posts: 743	[QUOTE=Mainejet;3518220]ESPN mentioned long before the season had ended that cutting Kerry Rhodes would save them I believe 2 million. It also mentioned cutting Thomas Jones would free up about 4 million in cap space. I could have the specific amounts applied to each player mixed up, but I do believe the total savings of cutting Jones and Rhodes freed up about 6 million...[/QUOTE] 2 million is Rhodes' bonus...so we save that plus his base salary which is prob another 2 million.

03-07-2010, 09:05 PM	#6
sg3 REX AND THE I-MAN - BACK ON TRACK Jets Insider VIP Join Date: Jul 2009 Location: The Big Apple, USA Posts: 20,399	who cares.... I'm just thankful his soft behind has been tweeted away from the Jets forever

03-07-2010, 09:59 PM	#7
Jason423 All Pro Join Date: Jun 2004 Posts: 9,671	The Jets saved 4.78 million in cash by not keeping Rhodes. They saved 5.8 million in cash on Jones. Im guessing that money is going towards Sanchez who is due a check for just over 10 million this week. I know its only two moves and Jones was not worth the 5.8 million, but it looks like the Jets are looking to save some cash. Id imagine that the thoughts of extending guys may not be happening as quickly or easily as we had thought. Right now the Jets are clearly paying out less money than they have the last few years. The 2008 and 2009 payroll were both right around 120 million. Right now the Jets are on pace to spend about 107 million, assuming Sanchez' bonus does not affect his actual salary this year.

03-07-2010, 10:16 PM	#8
doggin94it Hall Of Fame Join Date: Feb 2005 Posts: 13,429	[QUOTE=Jason423;3518288]The Jets saved 4.78 million in cash by not keeping Rhodes. They saved 5.8 million in cash on Jones. Im guessing that money is going towards Sanchez who is due a check for just over 10 million this week. I know its only two moves and Jones was not worth the 5.8 million, but it looks like the Jets are looking to save some cash. Id imagine that the thoughts of extending guys may not be happening as quickly or easily as we had thought. Right now the Jets are clearly paying out less money than they have the last few years. The 2008 and 2009 payroll were both right around 120 million. Right now the Jets are on pace to spend about 107 million, assuming Sanchez' bonus does not affect his actual salary this year.[/QUOTE] Jason - how much does it shift from the 2011 cap? (assuming $0 hit for either player)

03-08-2010, 12:27 AM	#9
Jason423 All Pro Join Date: Jun 2004 Posts: 9,671	[QUOTE=doggin94it;3518298]Jason - how much does it shift from the 2011 cap? (assuming $0 hit for either player)[/QUOTE] Jones will cost zero in 2011 whether here or gone. Rhodes 2011 cap hit would have been in the ballpark of 5.5 million in cap charges. So if nothing carries over they did at least save a big chunk of cap space.

03-08-2010, 04:45 PM	#10
FijiJet waiting for our pass rush thunderbolt All League Join Date: Feb 2006 Posts: 3,439	[QUOTE=Dimitri_0515;3518173]Good question but this move will definitely help us sign D'brick, Leon, Mangold and Harris. Out of all these guys that we NEED to keep, I'd rather have all these players than keep Kerry Rhodes and his hefty contract.[/QUOTE] For sure, it'lbe interesting to see what Rex has up his sleeve to replace our (former) 24 hour tweeter

03-08-2010, 04:55 PM	#11
doggin94it Hall Of Fame Join Date: Feb 2005 Posts: 13,429	[QUOTE=Jason423;3518393]Jones will cost zero in 2011 whether here or gone. Rhodes 2011 cap hit would have been in the ballpark of 5.5 million in cap charges. So if nothing carries over they did at least save a big chunk of cap space.[/QUOTE] Excellent, thanks.

03-08-2010, 06:17 PM	#12
sg3 REX AND THE I-MAN - BACK ON TRACK Jets Insider VIP Join Date: Jul 2009 Location: The Big Apple, USA Posts: 20,399	getting rid of sherry would have been a plus even if it cost the Jets cap room. getting rid of sherry and getting two draft picks for it is frigging BRILLIANT