by BrooklynFans reporter Wesley Sykes
Let me start by first stating how awful I am at math. No seriously. Just plain awful. I use my fingers to add up tips for big checks at restaurants. But I will NOT use my cellphone’s tip calculator. You got to draw the line somewhere.
In high school, math IV was nearly the downfall of what was lined up to be a most glorious post-graduation bender. Booze, babes and beaches all were left waiting in limbo while Ms. Keavey’s hellish red pen left marks all over my loose leaf assignments. Only my marked propensity for chitter chatter and a knack for getting under her skin kept me from spending four hours a day couped up in a stuffy Catholic school in mid-July. I needed a 65 average for the year to pass. I skiddishly skated my way across the graduation platform with a 65.7 average, holding on to my diploma for dear life in the fear that they might try and take it from me. Talk about a real snatch and grab job.
It just never stuck with me. My mom told me I was a left-brain thinker, whatever that means. The worst part of it all was I didn’t even need to take math my senior year. It was an elective. Foolish.
The reason I’m sharing these rather embarrassing high school memories (and trust me there’s about 1,000 more that are 10x worse), because I found it funny when the thought crossed my mind that I was going to tackle the Jets salary cap stance and break it down in a way that even someone like myself could understand. If only Ms. Keavey could see me now.
But enough about my senior year math teacher, she’s gotten her 15 minutes of fame. Let’s dive in to the pressing issue as the thick of the NFL off season prepares for kick off. (2/21 — teams can place franchise tag on 1 player, 2/22-28 — NFL Combine in Indianapolis).
INSIDE THE NUMBERS: RAW DATA
Every team enters the 2012 season with a cap of roughly $120 million. Because of the new CBA teams could “borrow” up to $3 million in cap space and apply it to a later year (2014 thru 2017). Many teams, including the Jets, did this. So starting out the Jets adjusted cap for 2012 is roughly $122 million. Including “dead money”, guaranteed money that is still owed to players who were cut, already have $123 million committed for the 2012 season — putting them $1 million OVER the cap.
But also because of the new CBA, teams are allowed to take any unused cap space from 2011 and apply it as a credit in 2012. With about $8 million in unused 2011 space, the Jets now stand roughly $5 million UNDER the cap. And the roller coaster ride is only beginning. Add in possible player escalators for this season (Dustin Keller – $3 mil, Mike DeVito – $2.5 mil, Kyle Wilson – $1 mil roster bonus & Mark Sanchez – $750K roster bonus *might be waived in lieu of him being a 3-year starter) and the Jets have $6 million in possible commitments. That puts them $1 million OVER the cap.
Want to know just what the Jets have to do to get under the cap? Read the rest of the story here at JetsInsider.com. Follow Wesley on Twitter for the latest updates on the NY Jets and all things NFL related at Twitter.com/Wesley_Sykes.