Jets Dump Ty Law and Other Veterans (AP – DMN)
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.