Mike Lombardi of the National Football Post has written about two interesting items regarding the Jets:
1. The Jets recently reworked Santonio Holmes’ contract to lower his base salary, so the amount of money that’s deducted for his upcoming suspension will be less. When Holmes was traded, mostof his money due in 2010 was in the form of his base salary, but since he became a Jet, the team shifted the money into roster bonus, reporting bonus and signing bonus so Holmes would pay as little as possible for his fine. This clearly cannot make the NFL league office happy and goes against the spirit of the suspension.
2. Speaking of the Jets, they are actively shopping guard Alan Faneca, defensive end Shaun Ellis and linebacker Bryan Thomas and will probably waive these players after the draft. You might be surprised to read Faneca’s name, but he’s the first to go after the draft.
Suprising to see the Jets shopping Faneca given his success last year (see: Thomas Jones), but he is aging (33) and has a nice salary ($8 mill). However, if you look at Faneca’s salary, the real savings will be next year:
|Year||Salary Cap Number||Dead Money if Cut||Cap Savings if Cut|