NEW YORK (WFAN) — The Jets reportedly gained some much-needed wiggle room Thursday.

According to the New York Daily News, New York restructured their deal with offensive lineman D’Brickashaw Ferguson to gain $7.5 million in cap space this season.

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$9 million of the All-Pro’s $9.985 million base salary for 2012 was converted to a signing bonus, the paper reported.

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The Jets, dangerously close to the projected 2012 salary cap, according to multiple reports, drafted Ferguson fourth overall in the 2006 NFL draft.

The three-time Pro Bowler has six seasons left on the eight-year, $73.6 million deal he signed in 2010.

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What should the Jets do with the added cap space? Sound off below…