With a high likelihood that the Jets will be trading Darrelle Revis soon, the Jets restructured not just Santonio Holmes, but also Antonio Cromartie according to Connor Orr of the Star-Ledger.
The Jets also restructured the deal of Antonio Cromartie, who was owed a $7 million base will now earn a base salary of $840,000, league records show. The difference will likely be recouped in bonuses.
Brian Bassett, theJetsBlog.com
Converting Cro’s deal will save the Jets around $4.2 million in this season, good news for a team that will incur an additional cap charge of around $3 million just by trading Revis. Of course, this move will raise Cromartie’s cap numbers in successive seasons, but without Revis around, expect Cro to be here a few more seasons than might have been expected even a year ago. OverTheCap.com has some of the details on the new numbers, but also check out the twitter.com/nyjetscap feed for more nuggets on the Cro deal.
Now, with the 2013 savings of Cromartie, Holmes, the cutting of Pouha and then the new contracts for players like Josh Mauga and David Garrard, the Jets now have around $15.5 million in cap room.
It’s good that the Jets have as much cap room as they do, the Jets still have many needs that they are going to try and fill in the coming weeks between now and the draft, not to mention the carve-out that will be required for the Jets draft picks. While they won’t need to fill all the holes, the Jets are looking to economically address at least one guard spot, wide receiver, running back, potentially another quarterback, as well as safety and defensive line … that $15 million sure sounds like it’s going to spend itself quickly.