I love how the media spins it. Actually, cutting Tebow will save the Jets $1 million in 2013. He was due to be a $2.5 million cap hit and now it's $1.5 million. But of course they word it like the Jets will lose money in 2013.
Tebows cut clears 1.055 mil from cap but net gain is only around 575k after factoring in replacing his roster spot