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BB2W
02-22-2006, 12:39 PM
HEMPSTEAD, N.Y. -- The New York Jets slashed their payroll Wednesday by cutting Pro Bowl cornerback Ty Law and a host of other veterans, including quarterback Jay Fiedler, offensive tackle Jason Fabini and fullback Jerald Sowell.

The team is about $26 million over the salary cap and must be at or under the salary cap by March 3, the opening day of free agency.

The Jets have been negotiating with quarterback Chad Pennington, who twice in the last two years had rotator cuff surgery, in an attempt to reduce a cap number that could be as high as $12 million.

New York has shaken up its staff and is trying to rebuild under new coach Eric Mangini. These latest moves came a day after the Jets designated defensive end John Abraham their franchise player at $8.3 million, although they may try to trade him.

Also cut were three reserves: linebacker Barry Gardner, defensive tackle Lance Legree and wide receiver Harry Williams Jr.

The Jets and Law agreed to not exercise contract options for the next three seasons that were part of the deal when he signed last year. The 32-year-old cornerback spent his first 10 seasons with New England and tied for the NFL lead with 10 interceptions last season.

"We were very fortunate to have a player of Ty's caliber in 2005," general manager Mike Tannebaum said. "Ty is a warrior and a class act and we appreciate his contributions this past season."

Fiedler, who signed with the team last season, injured his shoulder seven plays after Pennington was hurt in the third game last season and did not play again.

Fabini and Sowell are longtime starters -- Fabini started his first 114 games at offensive tackle until he tore a chest muscle Nov. 18 and was lost for the season. Sowell played for nine seasons.


link: http://sports.espn.go.com/nfl/news/story?id=2339793

Livinginthe past
02-22-2006, 02:20 PM
I dont think Ty Law will get anywhere near the sort of money is asking for - its just his ego getting in the way again.

Does anyone know if a team who wants to bid for a Franchise tagged player has to offer two 1st rounders...or is it negotiable?

Abraham is an incredibly talented player on a poor team - but surely he isnt worth that much to anyone?

NM

BB2W
02-22-2006, 02:29 PM
I didn't know that Law had 10 interceptions last year... he's still a special talent.

I think Jason Fabini may have a few good years left if he is healthy...

Need4spd
02-23-2006, 03:07 AM
Ty Law is still a top tier CB in this league, make no mistake about it. I would LOVE to get him in a Steelers uniform, although I would be surprised if that happens. He is 32 years old, so he probably only has another 2 or 3 good seasons left, and my guess is that he's going to be looking for one last fat contract. He is a Pittsburgh guy though, and he was of course rumored to have been talking with the Steelers before last season when he was a free agent then. Things are getting interesting now, and with the free agency period officially opening March 3rd if I'm not mistaken, things are about to heat up even more real soon.

Ambridge
02-23-2006, 08:35 AM
Looks like the Jets are in a total dismantle/rebuilding process.

The AFC East will be a two team division next season with the Pats and Dolphins as the only strong teams.

Livinginthe past
02-23-2006, 12:54 PM
Looks like the Jets are in a total dismantle/rebuilding process.

The AFC East will be a two team division next season with the Pats and Dolphins as the only strong teams.

If the Dolphins were to pick up a QB of Drew Brees calibre they would be automatic challengers for the playoffs.

Of course, they are a warm weather team and that doesn't seem to be a very good thing when it comes to playoffs/ SB victories in recent years.

NM