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Contract of Rhodes and Pace Restructured

The Jets today made some moves that will again free up some cap space. The Star-Ledger reported the moves, that if reworking the deals for Kerry Rhodes and Calvin Pace. Here is the story:

The Jets continue to create salary cap room to make a run at Ravens linebackers Ray Lewis or Bart Scott — the likely choice here is Scott — and safety Jim Leonhard in free agency by restructuring the contracts of safety Kerry Rhodes and linebacker Calvin Pace. According to nationalfootballpost.com, the Jets have reworked the deals of Rhodes ($4.9 million savings) and Pace ($4.7). The moves leave the Jets roughly $37 million under the projected 2009 salary cap of $124 million, but that figure isn’t official because the league has to factor in incentives earned by players last season and subtract that number.


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