Updating New York Jets' Salary-Cap Situation After 1st Wave of Free Agency

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Updating New York Jets' Salary-Cap Situation After 1st Wave of Free Agency
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With all the big names in free agency off the board, the New York Jets are one of the few teams in the NFL that still has plenty of cap space available. 

The Jets began free agency with around $30 million in cap room, and due to their inactivity in signing major playersand the release of Mark SanchezNew York sits in about the same place right now. 

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According to Over the Cap, the signing of Eric Decker and others, as well as the extension of Nick Folk, left the Jets with around $24 million in cap room prior to the acquisition of former Eagles quarterback Michael Vick and the release of Sanchez. 

Gang Green then saved a staggering $8.3 million in cap space by cutting Sanchez and spent $5 million of that to acquire Vick. 

That leaves the Jets an unbelievable $27.2 million under the set NFL cap space of $133 million. 

According to Gang Green Nation, only the Cincinnati Bengals and Cleveland Browns have as much money to spend as New York. 

So what can Gang Green do with all that money?

Well, some of it will spent on the incoming draft class. From there, it's anybody's guess. 

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Speaking with the press, Jets owner Woody Johnson has stated the team's interest in Pro Bowl wide receiver DeSean Jackson

Jackson is one of the most electrifying wideouts in the league, but he'd be costly for New York. Spotrac.com indicates that the 27-year-old is due to make $10.5 million in 2014 and will count for $12.75 million against the salary cap. 

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However, the Jets are one of the few teams that can legitimately afford him, so the chances of a deal aren't dead yet. 

New York could also use its money to extend some of the young stars on its current roster, such as Muhammad Wilkerson, Damon Harrison, Jeremy Kerley and DeMario Davis. 

Each of those players still has a couple years left on his current contract, but the Jets have the money, and the want, to make extensions happen sooner than later.

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