Report: Jets To Save $5.1 Million In Cap Space By Restructuring Ferguson’s Deal
NEW YORK (CBSNewYork) — According to Yahoo! Sports, the Jets and offensive lineman D’Brickashaw Ferguson are set to restructure his deal for a second consecutive offseason.
The move would save the Jets an additional $5.128 million in cap space. Gang Green is attempting to rebuild their roster after trading Darrelle Revis and cutting a number of veterans including Bart Scott, Sione Po’uha, Eric Smith and Jason Smith.
Without restructuring Ferguson’s deal, the Jets are currently $12.379 million under their adjusted cap number of $126.528 million ahead of the 2013 season.
Ferguson is set to earn $8 million in 2013. The restructuring would reduce his base salary to the league minimum for a seven-year veteran at $840,000, and the remaining $6.41 million would convert over to his signing bonus.
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