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Nick Folk Restructures Contract

Denny Medley-USA TODAY Sports

The Jets and kicker Nick Folk have restructured his contract according to Field Yates.

What does that mean? Well, for starters it does give the Jets an extra $1.1 million in immediate cap space to work with.

It also adds $593,333 to his cap hit over the final two years of his contract in 2016 and 2017. The $1.78 million that was part of his salary this season is now spread evenly over the last three years of his deal ($593,333 in 2015, 2016, and 2017). It will now also count against the Jets' cap even if they cut him as dead money.

For Folk's part, he isn't taking a pay cut. He would have gotten that $1.78 million paid evenly over the course of the season. Because the deal was restructured, the Jets are going to cut him a $1.78 million check now. That's not a bad deal.

This is minor shuffling of resources, creating a little more today and taking a little from tomorrow.