Jets Could Have As Much As $40M In Cap Space Following Roster Cuts

Rich Cimini of ESPN New York writes that should the Jets elect to release QB Mark Sanchez, CB Antonio Cromartie and WR Santonio Holmes this offseason, they would have more than $40 million in available cap space.

All three of these players have been rumored to be potential cap casualties this offseason, so it’s not exactly that far fetched to think the Jets could be in the top-five teams with the most to spend.

Cimini mentions that the Jets can hold off on making a decision regarding Sanchez until later in March as he has a $2 million roster bonus due on March 25.

Cromartie, soon to be 30, is entering the final year of his contract, and is scheduled to carry $15 million cap figure in 2014. On top of that, Cromartie has a $5 million roster bonus due in March, which means the Jets could elect to part ways with their top cornerback who is coming off of an obviously disappointing season in 2013.

The Jets could look to re-sign him at a more reasonable salary given that he has said that he would like to be back in New York.

We’ve mentioned numerous times that DE Muhammad Wilkerson is due for a big raise, so this cap space would go a long way towards locking him long-term while also allowing them to address other roster needs.

I’m sure we’ll be hearing a lot more regarding these three players in the next few weeks.