New York Jets Free Agent List, Salary Cap Update

The official list of unrestricted free agents was released by the NFL. Here are the players from the New York Jets:

Kellen Clemens -QB,  Drew Coleman -DB,  Antonio Cromartie-DB,  Braylon Edwards- WR, Shaun Ellis-DE,  Nick Folk – K,  Santonio Holmes-WR,  Wayne Hunter-OL,  James Ihedigbo-DB,  Lance Laury-LB,  Brodney Pool-S,  Trevor Pryce- DL,  Tony Richardson-FB,  Brad Smith-WR,  Eric Smith-S,  Steve Weatherford-P

Restricted Free Agents who received Qualifying Offers from their Old Clubs and are subject to the First Refusal/Compensation system of the NFL Collective Bargaining Agreement–  Robert Turner- OL

At 10:00 a.m EST on Tuesday teams can begin negotiating with free agents and can sign the players beginning at 6:00 pm EST on Friday, July 29th.

Salary Cap Update- Some great news came out for the New York Jets as the dead money from the 2010 season will not be applied to this year’s cap number.  This will put Gang Green approximately $8 million dollars under the salary cap for the 2011 season.  The Jets should be able to create additional room by signing linebacker David Harris long term and restructuring the contract of Mark Sanchez.

Also Jason Fitzgerald from NYJetscap.com provided information regarding exemptions that teams are being offered. From Jason:

“A team may take up to three $1 million dollar exemptions for veteran players on the team by borrowing against a future cap. The credit is will be applied on a weekly basis if the player is removed from the team. In other words if the Jets used a $1 million credit on Calvin Pace and he was cut in week 8, the Jets would get a $470,588 credit for 2011.

The borrowed seasons will be reaccrued to the cap during the 2014-2017 NFL seasons. The team can choose the way the money is allocated. For example if the Jets take $3 million in credits in 2011 they can reduce each season by $750,000 or one season by $3 million. Its completely up to the team.”

Again this is great news for the Jets as additional cap space can be created.

Talk about the Jets and free agency in the JetNation.com forums.

Tyson Rauch

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