- Rich Cimini, ESPN Staff Writer
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INDIANAPOLIS -- Turns out the New York Jets will have even more salary-cap room than expected.
The NFL is expected to raise the salary cap to about $130 million, ESPN Insider Adam Schefter reported Thursday -- about $4 million higher than projected. The cap was $123 million last year.
Nothing is official yet, but it looks like the additional $4 million will give the Jets about $24 million in cap space. That would be enough to re-sign potential free agents (right tackle Austin Howard, kicker Nick Folk and tight end Jeff Cumberland are the top priorities) and be active in the free-agent market.
The Jets are being applauded in some circles for having only $48,958 in "dead" money on this year's cap, one of the lowest totals in the league, but that figure is deceiving. If they cut the aforementioned three veterans, they'd get hit with $12.8 million in dead money, barring June 1 designations.