In what will likely become the No. 1 distraction at camp this summer - if the team and its star cornerback allow it to get that far - Darrelle Revis vs. the New York Jets is back in the news. Now, the cast is expanding.
Today, the New York Post’s Bart Hubbuch explores the possibility that unsold PSLs at the New Meadowlands Stadium may be having a huge impact on the organization’s finances, and thus, the team’s stance with players seeking new deals (Jets’ unsold PSL’s likely keeping players’ salaries down).
From Hubbuch’s article:
According to an industry source, the Jets are not taking advantage of the lifting of the salary cap in the NFL this year, the last in the current labor agreement.
The source said the Jets — despite a series of splashy moves and signings this offseason — have just $110 million in salaries committed for the 2010 season. That is far below last year’s salary cap of $128 million and even further below what the cap likely would have been this year (roughly $138 million).
The Jets’ relatively small 2010 salary commitments combined with their glacially slow movement on new contracts desired by Revis and fellow young cornerstones Nick Mangold, D’Brickashaw Ferguson and David Harris are prompting alarm bells around the league.
The Post reported last month that the Jets still have 10,000 unsold PSLs in their new $1.6 billion dollar stadium.
