10 Step Process to fixing 2013 salary cap issues
Projected 2013 Cap $122,000,000
Projected NY Jets 2013 Cap Number as of now- $141,589,382
1. Cut Pace----Saves $8,560,000
2. Cut Scott---Saves $7,150,000
3. Cut E. Smith---Saves $3,000,000, or take pay cut to $1.0 million for the year. Still good depth to have but at the right price.
4. Cut J. Smith---Saves $12,000,000
5. Cut Tebow---Saves $1,531,875 but more importantly a ton of BS
6. Cut Pouha---Saves $3,833,332
7. Carry Over $5,000,000 of cap relief from the 2012 cap
8. Re-work Harris' contract---Extend Harris 1 year and turn $6 million of his 2013 base salary into a signing bonus which gets spread out over the remaining 3 years of his contract. Saves $4,000,000 in 2013.
9. Re-work Mangold' Contract---Turn his 2013 $3 million roster bonus into a signing bonus and that would spread it out over the remaining 5 years of his contract. Saves $2,400,000 in 2013.
10. Trade Cromartie---Saves $5,750,000. Possibly more depending on when his 2013 roster bonus kicks in, if it's March 1st then we save the $5.75 million if it's June 1st then the Jets would save $6.3 million. I would only suggest this b/c Cromartie' value will be real high b/c he has played like a #1 CB this year. Dolphins got a 2nd rd pick for Davis and he has never played at the level Cromartie has this season. Also Davis got traded with 2 years left on his deal just like Cromartie would so contract length wouldn't be a factor. I am assuming the Jets could get at the very least a high 3rd rd pick for him in the 2013 draft, but most likely more.
All of these moves could save the Jets $53,225,207 on next years cap and I don't think that any of them are unreasonable. Those savings would give the Jets $33,695,825 of cap room in 2013. You have to figure $6 million of that would go to signing draft picks which leaves $27,695,825 for free agents.
This would also give the Jets the flexibility to part ways with Sanchez if they so choose. It would take about an extra $4.2 million off of their cap space to
do that but it might be worth it just to move on from him depending on how the season plays out. That would still leave them with $23,695,825 of cap space. If somebody is willing to trade with the Jets for the rights to Sanchez (99.9% chance that doesn't happen but still possible) that move would save the Jets $5,550,000 on the 2013 cap. The Jets could also ask Sanchez to take a pay cut do to poor play. It's concievable that he does, Jason Smith took a $6 million pay cut in 2012 from $10 million to $4 million and received a $500,000 signing bonus saving the Rams $5.5 million this year. Regardless of the Sanchez situation the Jets would have plenty of money to "remake" their team.
*****Re-sign Revis to a long term deal. Keep it back loaded so that the cap hit in 2013 stays equal to or below the $9 million cap hit he is already scheduled to have.*****
Here are the Jets own FA's in 2013 and what I would do going forward in regards to each one:
Unrestricted Free Agents
-Y. Bell---Offer 1 year $1.5 million contract, fully guaranteed .
Cap Hit-$1.5 million
-Devito---Offer 2 year $3 million ($1.5 per year) contract $500K signing bonus.
Cap Hit-$1.75 million
-Folk---Offer 3 year $2.85 million ($950K per year) contract $240K signing bonus.
Cap Hit-$1.03 million
-Greene---Let him go to FA
-Keller---Let him go to FA
-Landry---Let him go to FA. He is most likely going to be looking for a long term deal 4-5 years possibly. With his injury history that is a huge risk, the only way I would sign him to any deal longer then 1 year is if it is structured like it is this year where he gets bonuses for games he is active in.
-B. Moore---Offer league minimum 1 year $810K. He may not accept it but if he does that will be some cheap depth.
-Slauson---Offer 2 year $2.0 million ($1.0 per year), $250K Signing Bonus. The Jets made him take a pay cut this year and with his reduced playing time my guess is no team will offer him a multi-year deal and most likely won't offer him more then $1 million per.
Cap Hit-$1.125 million
-Thomas---Offer league minimum 1 year $810K. Once again it is cheap veteran depth, these are the types of players and contracts you need in order to be able to keep the cap down and still be able to fill your team with competent players.
Restricted Free Agents
-Howard---Offer 2 year $1.5 million ($750K per year), $200K Signing bonus
Cap Hit $850K
-Purdum---3 years $1.8 million ($600K per year), nothing guaranteed
This would mean the Jets would spend roughly $8.475 million on their own free agents. Which leaves them with $19,220,825 to spend on other free agents.
Where to spend that cap space and examples from the 2012 free agency period:
TE- $2-3 Million veteran FA (i.e. Kevin Boss/Jacob Tamme 3 yrs $9 million)
RT-$2-3 Million veteran FA (i.e. Jeff Backus 2 yrs $5.85 million/Anthony Collins 2 yrs $2.5 million)
OLB-$2-3 Million veteran FA (i.e. Erin Henderson 1 yr $2 million/Leroy Hill 1 yr $1.6 million/Philip Wheeler 1 yr $700K [He has 72 tackles so far this year])
HB-$3-4 million veteran FA (i.e. Peyton Hillis 1 yr $3 million/ Benjarvis Green-Ellis 3 yrs $9 million)
S-$2-3 million veteran FA (i.e. Tom Zbikowski 3 yrs $5.5 million)
My point with giving examples of guys that have signed for the type of money we could be offering is just to show that you can get quality guys at a reasonable price. It's not meant to say this is who we should sign. It's just examples.
You don't have to spend big bucks to find above average players who can be big time contributors. We don't need any more stars from the FA market, we need depth and above average starters. Hopefully we can find stars in the draft, it's cheaper that way. And hopefully we can address 4-5 areas of need in the draft (i.e. HB, OLB, QB, OL, TE, S) as well especially if we trade Cromartie for an extra 2nd or 3rd rd pick. But signing free agents at the positions above that are comparable to the examples I provided would allow us the flexibility to take the best player available during the draft.
Signing all of those FA's would cost the Jets about $13 million in cap space filling 5 areas of need leaving roughly $6 million left to play with. Obviously any deal can be structured in a way that would allow for more cap savings this year by back loading deals. It's not a bad idea because the cap is expected to jump quite a bit in 2014 do to the new tv contract beginning. You never know who is going to become available, if the right guy is there we would have the money to go and get him.
So that's my plan and what I would do if I was running the Jets. I know it's long so thank you for taking the time to read it. What does everybody think?