Uh oh. Here comes the panic. The New York Giants have reportedly signed Dominique Rodgers-Cromartie to a five year deal worth $35M. The additional years are necessary so they can take the cap hit, because they wouldn't have space for a one or two year deal.
Obviously, a lot of people are going to start freaking out about the New York Jets cornerback situation. While Rodgers-Cromartie is a very good cornerback and was the best remaining, it's important not to pretend like he was Deion Sanders after one (very) good season. Currently, Antonio Cromartie is the best cornerback remaining on the market, so it's possible we see a reunion. It's also possible we see a trade or the team draft a cornerback with one of their (estimated) twelve picks, so I'm not quite ready to freak out yet.
I think it's important to remember that it's only March and the season is a long way away. Still, you can't help but feel this is certainly one area that John Idzik let the market get away from him by refusing to overpay (in his estimation) for a cornerback.
Let the panic commence.
P.S. Here is our mascot for the Jets free agency period: