Manish Mehta of the New York Daily News reports that the Jets have approached LT D’Brickashaw Ferguson regarding a pay cut.
The Jets obviously need some more cap room, especially if they plan on re-signing QB Ryan Fitzpatrick, so it shouldn’t come as much of a surprise that they’ve approached Ferguson about reducing his compensation.
According to Mehta, the Jets told Ferguson that they specifically need the cap room to improve their odds of retaining Fitzpatrick.
While there’s no word on how much of a pay cut the Jets are asking Ferguson to take, Mehta mentions that they would like to free up $4-5 million in cap room.
Ferguson, 32, is in the seventh year of his eight-year, $73.6 million contract that included $34.8 million guaranteed. He stands to make base salaries of $8.625 million and $11.275 million over the final two years of the agreement.
According to OverTheCap.com, releasing Ferguson would free up $9,093,000 in available cap space while creating $5,014,000 in dead money.
In 2015, Ferguson appeared in all 16 games for the Jets and was rated by Pro Football Focus as the No. 60 offensive tackle out of 77 qualifying players.
We’ll have more regarding a restructured deal for Ferguson as the news is available.