The NFL has set its individual team salary cap for the 2017 season at $167 million, a jump of $11.73 million from the 2016 season. NFL Network was the first to report the figure.Jets release Darrelle Revis: What to make of it
So ... what it's mean for the Jets? Here are a few thoughts.
The Jets are in OK position with salary cap space. Following the release of cornerback Darrelle Revis Tuesday night, the Jets now have $26.784 million in salary cap space. The total is the 20th most in the NFL. It's not bad.
The Jets can make a run at some big-name free agents. The Jets have gotten to this point under the cap by releasing players (Ryan Clady, Breno Giacomini, Revis, Nick Folk, etc). They now need to replace them. They've got the means to do so. With $26 million, it's easy to see the Jets making a run at cornerback Stephon Gilmore or linebacker Nick Perry.
Take the Giants for example: Last year, they signed defensive end Olivier Vernon and cornerback Janoris Jenkins to mega-money deals, but the cap hits were manageable. Vernon had a 2016 hit of $13 million, and Jenkins $8 million.
There's a good chance the Jets aren't done with cuts. The Jets are in good position, sure. But they can get into really, really good position with additional moves. Cutting receiver Brandon Marshall adds another $7.5 million. Releasing safety Marcus Gilchrist and linebacker David Harris adds another $11.125 million. While it's unlikely the Jets release receiver Eric Decker, he'd add another $5.75 million in cap space.
The Jets grand total after the above moves? They'd be $51.159 million under the cap.
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