2014 New York Jets Offseason Salary Cap and Financial Report

Welcome to one of the newest additions to the Over the Cap website: the offseason Financial Scouting Report, which should help serve as a guide to a teams’ offseason planning for the 2014 season.  This will be our first report and will break down some thoughts on the New York Jets. Each report will contain a breakdown of the current roster, a look at performance from 2013, salary cap outlooks, free agents, salary cap cuts, draft costs, extension candidates, and possible free agent targets. The hope is to do a report for all 32 teams by the start of Free Agency, if time allows.

Because the report contains some graphs and charts and over 5,000 words it is available for download as an Adobe PDF file that you can read at your leisure offline and keep for a handy reference during the year rather than as a blog post. The report is free for download and reading, but if you find the report useful and would like to help OTC continue to grow and add content like this we would appreciate the “purchase” of the report for just $1.00 by clicking the Paypal link below or the one within the report. Also if using any of the graphs or salary data please just add a reference to OTC when doing so.

Jets report

Download OTC’s 2014 New York Jets Financial Report




 

  • NYEngineer

    You might want to check the “salaries” in the cap table. Some of them seem inconsistent with other sources, including this site.

    • http://www.nyjetscap.com/ Jason Fitzgerald

      Are you comparing them with the 2013 or 2014 salary cap tables? They should match up with the cap charges at

      http://overthecap.com/teamcap.php?Team=Jets&Year=2014

      But Ill double check to be certain

      • Michael -manhattan

        might want to check Damon Harrison. he should be getting league min unless there was a contract that I am not aware of

  • NYG Cap Central

    Magnificent work Jason. Can’t say enough about the job you do with the cap stuff.

  • Biebs

    Hi Jason,

    THis is some great stuff. One question, though. Why wouldn’t the Jets consider extending Kerley this year? I’d think they’d be able to get him fairly cheap (4yr $15m, roughly) and it’s obvious Geno Smith is comfortable with him on the field (12td/12int in games Kerley played, 0td/9int in non Kerley games – Vastly underrated reason of why Geno’s numbers looked so bad overall). Do you feel that Kerley just isn’t worth extending at this point?

    • http://www.nyjetscap.com/ Jason Fitzgerald

      I think with Kerley coming off injury and the Jets potentially wanting to explore free agency the Jets will hold of on Kerley at least until the regular season begins. Ive been a proponent of extending him because I think he would put up some wild numbers on a better team, but I dont anticipate the Jets doing it.

      • Biebs

        Another Question:

        I’m not a cap guru, so I’m not sure how it would work if the Jets cut Cromartie and then resigned him later, would he count against the cap 2x or would the first $5.5M of any new contract actually replace the current cap hit if released?

        Cromartie already counts $5.5M against the cap in any circumstance, that makes it far more likely that the Jets would restructure his contract, rather than cut him outright.

        I’m not really sure what he would get in the open market, but I could see the Jets doing a 3yr / $16m deal for him with about $8m guaranteed. Ideally they frontload a lot of the deal, so they can cut him for fairly cheap next year. Maybe that wouldn’t be enough money for Cromartie, I’m not sure

        • http://www.nyjetscap.com/ Jason Fitzgerald

          Because he only has one year remaining that $5.5 million is sunk. They cant move it to another year or replace it. So if they cut him they will carry the $5.5 million in 2014, if they extend/restructure him they carry the $5.5 million on top of any new salary in 2014, if they cut and re-sign they carry the $5.5 million on top of any new salary in 2014.

          Essentially that charge is for money already paid so there is no way to avoid it. The only difference is semantics. If cut and re-signed he’ll be listed as both “dead money” and as an active player. Assume he signs 1 year for $3 million his charge will read $3 million active and $5.5 dead. If he restructures for the same amount and is not cut he’ll count for $8.5 active and $8 dead. Either way the charge is the same.

          I dont know if the Jets would go that high off the season he had. Last year the players considered best available were not getting that much money.

          • Biebs

            I guess what I mean is this. If they restructure before March 1st, and the deal is 3yr / $16m with $10m guaranteed, I would think the structure would work out so that the new cap hit would be:

            2014: $8m (Base Salary $6m/Bonus $2m)
            2015: $4m (Base Salary $2m/Bonus $2m)
            2016: $4m (Base Salary $2m/Bonus $2m)

            If they have to cut him next year, it’s a $4m hit on the cap. Maybe it’s unrealistic to think he’d take that deal, I’m not sure. But I think having Cromartie off the team at $5.3M (+ minimum of $900k for vet replacement) is worst than having him on the team at $8m with possibility of cutting him for $4m next year (or $2m in 2016). Again, I’m not sure if that’s the kind of deal a player would take. Maybe it would be more like this ($19.5m/3 yrs, $11m guaranteed) or ($31m/4 years with $13m guaranteed, with 2017 being similar to this year, where both sides knew that he wouldn’t be getting the last year of the deal):

            2014: $8.5m (Base Salary $6.5m/Bonus $1.5m)
            2015: $5m (Base Salary $3m/Bonus $1.5m)
            2016: $5m (Base Salary $3m/Bonus $1.5m)
            2017: $11.5m (Base Salary $10m/Bonus $1.5m)

            Again, I could be fundamentally misunderstanding the cap, but I thought that a contract can be restructured as long as the player wasn’t get less money guaranteed.

            Like the dude below, thanks again for putting this together. This is an incredible resource and it’s really interesting to see how things play out.

          • http://www.nyjetscap.com/ Jason Fitzgerald

            The money that you are offering Cro in scenario 1 would leave him with a cap ht of over $13 million in 2014. The money in the prorated columns can never be restructured or removed. Once its there its sunk. To get Cromartie at an $8 million cap figure he has to play next season for $2.5 million in cap.

            You could still come up with that number at 3/16. You would do something like a $1 mil base and $4.5 mil signing bonus for the year and then pay him base salaries of about $4.5 million and $6 million in the next two seasons. I think that could be fair, but the Jets cant pay him much more than $5 million in cash next year under any circumstance, IMO.

  • Jef Rogers

    Incredibly useful. Happy to contribute $1 – a bargain. Keep it up!