For the New York Jets, 2013 wasn’t pretty from a salary cap perspective. The team had over $20 million in dead money for just five players. But after some austerity measures in the first year under John Idzik’s direction, the outlook for the team’s cap outlook seems much improved. After just one season under Idzik, the team was able to eke out a small amount of cap carryover from 2013 despite taking a $13 million dead money hit for Darrelle Revis.
As we enter 2014, the Jets enter the new league year with what is (for now) the lowest value of “dead money” in the entire league according to Kevin Seifert and ESPN’s Roster Management System.
According to the RMS, the Jets have just $48,958 in dead money as of the start of this week. Compare that to the Panthers who have a $17 million dead money charge, mostly due to trading Jon Beason.
Brian Bassett, TheJetsBlog.comOf course, the Jets could jump right into the top five in Seifert’s dead money list once they cut Santonio Holmes ($2.5 million in dead money), Mark Sanchez ($4.8 million in dead money) and Antonio Cromartie ($5.4 million). Those moves might add $12 million in dead money, but they will free up $26 million in 2014 cap space for the Jets as they look to add starters and depth throughout their roster.