5 NY Jets players most likely to have their contracts restructured this spring

2. John Franklin-Myers, DE, NY Jets

John Franklin-Myers remains one of the most underappreciated players on the Jets' roster. The former waiver-wire pickup finished the 2023 season with 50 total pressures and a higher pressure rate than Jermaine Johnson, but his name is rarely brought up when discussing the team's stacked defensive line.

Franklin-Myers fills a role that no other player on the Jets' roster can fill at the level he does. For that reason, it wouldn't be wise for the team to outright release him this offseason, even though doing so would save $7.3 million in cap space.

The Jets would be wise to explore a restructure, however, with Franklin-Myers' 2024 cap hit set at a whopping $16.36 million in 2024. That's the fifth-highest on the team.

Restructuring Franklin-Myers' contract would create $9.2 million in cap space and mark the second consecutive offseason that his deal has been reworked. Joe Douglas isn't focused on the future, though. Kick that can down the road if you must.

1. C.J. Mosley, LB, NY Jets

C.J. Mosley is slated to have the highest cap hit of any player on the Jets' roster in 2024. He will be entering the final year of the market-setting five-year, $85 million contract he signed with the Jets all the way back in 2019. He's one of the few holdovers from the Mike Maccagnan era.

Mosley's Jets career has had its ups and downs, but he's coming off what might be his best season with the organization. He remains the captain of the Jets' defense and is an irreplaceable player in many ways.

That said, the Jets need to find a way to lower his cap hit. Releasing Mosley saves over $11 million in cap space, but it's hard to imagine the Jets go that route. He's simply too valuable to the defense.

The Jets have already restructured Mosley's contract, as he's on the books for dead cap through the 2026 season. They'll likely have to add to that dead cap, however, as another restructure would free up $10.5 million in cap space. Epxcet that to be the route the Jets take.