As it currently stands, the Jets are technically about $26 million over the salary cap. However, they can very easily get into a more advantageous position with their salary cap with a few simple, highly anticipated moves.
The Jets are expected to release linebackers Calvin Pace and Bart Scott, safety Eric Smith and offensive tackle Jason Smith. Defensive tackle Sione Pouha and “quarterback” Tim Tebow may also get cut loose.
Jets blogger Jason Fitzgerald of the great NYJetsCap.com broke down the cap ramifications of these moves, and in a nutshell, the Jets would instantly gain a ton of salary cap wiggle room without breaking a sweat.
The Jets would clear about $8.5 million in 2013 cap space by releasing Pace, roughly $7 million by cutting Scott, around $3 million with Eric Smith, and a whopping $12 million with Jason Smith.
Just like that, they’d be under the salary cap. Those four moves are expected to become official any day now, and it’s possible that Tebow and Pouha could among the potential second round of Jets cuts.
Of course, simply getting under the cap isn’t the end game. The Jets will still need to fill out their roster and field a competitive team. Making the obvious cuts is the easy part. The hard part is up to Idzik and company.