The Jets came out firing in free agency this week. Now, the second wave of free agency has begun.
General manager Mike Maccagnan added a difference-maker on both sides of the ball with running back Le’Veon Bell and inside linebacker C.J. Mosley. He also bolstered his offensive line with the trade for Kelechi Osemele and gave new coach Adam Gase a slot receiver with the signing of Jamison Crowder. Maccagnan also re-signed defensive lineman Henry Anderson, who had a breakout season with the Jets last year.
So, now what?
Well, Maccagnan still has plenty of work to do and while the first days of free agency provide the sizzle, the next few weeks are where good GMs do their best work. The prices drop and value can be found for those with a sharp eye to find it.
It is unclear exactly how much salary cap space the Jets have remaining because all of the contracts they agreed to this week have not been filed yet. It is estimated that they have somewhere between $40-50 million left, though.
The Jets can’t spend all of that money. They need to set a chunk aside to sign their draft picks and the No. 3 pick overall will carry a decent cap number (probably around $5 million). They also will need some money for the season to sign players. So figure they really have $20-30 million still to spend.
That may sound like a lot, but it will go quickly. The Jets still have to sign a lot of players. They entered free agency with the fewest number of players under contract, just under 50. Rosters can go as high as 90 in the offseason. With that in mind, expect Maccagnan to be bargain hunting from here on out.
He shopped in the bargain aisle with the signing of Brian Poole to be their slot cornerback for one-year, $3.5 million. They also signed kicker Chandler Catanzaro. The terms were not available but it surely was a lot less than what Jason Myers got from the Seahawks (4 years, $15.45 million with $7 million guaranteed).