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.
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.
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.
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.