Jets clear $7.5 million by restructuring Ferguson’s deal

AP

With the Jets pressed tight against the salary cap for 2012, the team has utilized one of the simplest tricks for creating a little breathing room.

Manish Mehta of the New York Daily News reports that the Jets have restructured left tackle D’Brickashaw Ferguson’s contract by converting $9 million of his base salary into a guaranteed payment.  The move creates $7.5 million in cap space, by spreading the $9 million over the remaining six years of his contract.

And so Ferguson didn’t take a pay cut of any kind.  Instead, he simply received the bulk of his 2012 compensation now.  He’ll get the remaining $985,000 via 17 game checks.

18 responses to “Jets clear $7.5 million by restructuring Ferguson’s deal

  1. While not exactly a bust he’s certainly under-performed expectations. He’s in that group with AJ Hawk and Reggie Bush.

  2. How much more space will the jets save after they cut Chihauaua Eyes Sanchez and replace him with Henne to lead Sparano”s fist pump kick a field goal inside the red zone offense?

  3. huge for the jets…I wouldnt be surprised if they restructured one more contract and cut Bart Scott for more cap room. now it will be interesting to see which free agents they make a play for. (please be mario williams)

  4. This is a great move by Mr T. They need to lock up Pouha asap and then go from there. One thing about the Jets is they are never quiet in the offseason. I wonder what Mr T is planning by doing this.

  5. Niceee D’Bricks a hometown kid, nice job helping out the team. As for not taking a paycut he didnt have to, his money is well deserved.

  6. @jenniferxxx

    Dbrick is a 3x pro bowler,09,10,11, hes been everything and more than the Jets could have asked for. How exactly has he underperformed? I dont know where you get off comparing him to Hawk who is a defensive player and Bush who is a RB. Brick is way more accomplished and means more to his team than Hawk and Bush combined mean to theirs. Bad comparasin!! Try watching Brick play and show a little respect honey.

  7. jenniferxxx says:
    Feb 23, 2012 7:15 AM
    While not exactly a bust he’s certainly under-performed expectations. He’s in that group with AJ Hawk and Reggie Bush.

    __________________________________

    This couldn’t be further from the truth. While he just had an off year (much like the rest of the whole Jets O-line), he has been solid up to this point. Usually when you don’t hear about an LT it means he’s doing his job.

  8. kperagine says: Feb 23, 2012 7:47 AM

    huge for the jets…I wouldnt be surprised if they restructured one more contract and cut Bart Scott for more cap room. now it will be interesting to see which free agents they make a play for. (please be mario williams)

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    Cutting Bart Scott gives the Jets no cap relief…his money is guaranteed.

    As for Mario Williams…it’s not happening, and it shouldn’t. Too many needs on this team. Can’t waste $15M+ per season on a guy who hasn’t played a 16 game season in 2 years.

  9. Yeah man this guy has to all, to bad Hunt couldn’t fill in the gap last year. Hopefully he’s gone. Jets don’t have any cap room so this is really a good move.

    Next the jets need to reconstruct/ cut:

    1. Sanchez over paid, hes played 3 years so it can be done
    2. Pace is so expesive and he’s not M. Williams and is injured prone
    3. Scott, over paid and over hyped. Defiently hides the fact D. Harris is way better then him.
    4. Holmes, don’t no why he gets paid as if he is a Johnson.
    5. Plex, don’t need old wide recivers at 3million, should of saved on TO
    6. LT, love the guy but don’t need to spend 1mill on a luxury.
    7. Greene, I don’t think he’s a solid RB, I still miss T.Jones. Let’s get Forte if it doesn’t cost a 1st rd draft pic.
    8. Cromatrie, didnt play to hard last season n was beat half the time. They need to pay him high since his child support is through the roof.
    9. Brunell, do you know how much this guy gets paid. God he can’t even fill in for Sanchez if he gets hurt cause he prob would just get injured himself. Only way to motivate Sanchez that we will get benched is if you get a QB that can take over: Henne, Cambell, Orton, Flynn.

    Let’s get it done this season,

  10. He is one of a few guys that need to do some contract reworking…..yes I’m talking to you Bart Scott, Calvin Pace, Nick Mangold, Santonio Holmes etc…

  11. Sanchez, Holmes and to a lesser extent Cromartie could do similar restructures, David Harris as well, but his contract isn’t a year old yet so they can’t change it until camp.

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