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Franklin-Myers Latest Jet to Re-Work Contract to Create Cap Space

Add John Franklin-Myers to the list of players moving some of their money around to give the Jets a little bit of breathing room under the salary cap.

More cap space for the Jets: the team is converting $6M of DL John Franklin-Myers’ base salary into a signing bonus, creating $4.8M in 2023 cap space, per source.

Now we see what they will use that cap space on…

— Field Yates (@FieldYates) March 14, 2023

According to Field Yates of ESPN, the Jets have created $4.8 million in cap room by converting a portion of Franklin-Myers’ base salary into a signing bonus.