Hey folks. There are reports today that the New York Jets have restructured Pro-Bowl LT D'Brickashaw Ferguson's contract. Before the 2010 season, Ferguson signed an eight-year, $73.6 million contract. The team has converted $9 million of Ferguson's $9.985 million base salary for 2012 into a signing bonus.
This means that the cap value of that $9 million will be spread out over the six remaining years of the contract guaranteed, instead of being bulked into this season's cap. Now the Jets, who were only $500,000 below the cap previously, have an extra $7.5 million in cap space. So at a total of $8 million in space before the Jets have even restructured or cut anyone else, the team is all of a sudden in very good shape heading into free agency.
So tell us what you think in the comments below about this move and what free agent you would love to see the team spend that money on.