Wednesday, March 13, 2013

Jets restructure Cromartie to free up more than $4M


New York Jets general manager John Idzik is using every resource to put his team in a favorable salary cap situation.

He's done a pretty good job, so far.

Along with cutting out nearly $4 million in Gang Green's 2013 cap number via a release of Sione Po'uha and another $3.5 million by restructuring Santonio Holmes's contract, Idzik saved the Jets more than $4 million more in cap space by getting cornerback Antonio Cromartie to restructure, via (photo: Matt Britt, Flickr)

Cromartie's 2013 base salary reportedly went from $7 million to $840,000, with the rest of the money being converted to a signing bonus.

According to Manish Mehta of the NY Daily News, "Cromartie's 2014 salary structure remains in tact," but a pro-rated signing bonus will incur a bigger cap hit on the Jets in that year. Still, it saves the Jets a decent chunk in 2013, which is crucial.

The Jets, who have yet to make a free-agent signing since acquiring David Garrard Monday, are now roughly more than $15 million under the salary cap.

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