By Eric Schmidt

The New York Jets, caught in a very tough salary cap situation have cut three veteran players this afternoon and waived another according to team sources. In a move which comes with little surprise, the Jets have cut LB Calvin Pace, S Eric Smith and tackle Jason Smith. Reports suggest the team has also waived TE/FB Josh Baker this afternoon.

Pace, 32, was slated to earn $5.81 million plus a $2.5 million dollar roster bonus this season, heading into the last year of his six-year $42 million dollar contract he signed in 2008. In five seasons with the Jets, Pace recorded 28 sacks from the linebacker position. Despite his age, Pace will catch on somewhere, and it could be with the Buffalo Bills where several members of the Jets coaching staff now reside.

None of these moves come as a shock around the league, but perhaps what is more interesting is that LB Bart Scott was also not released. By releasing Scott, Pace and Smith, the Jets could reportedly free up nearly $28 million in cap space. Under his current contract, Scott will cost the Jets $6.9 million next season and will be 33 at the start of next season.

Jets fans should realize the dire straights the team is in, and more veterans will likely be released. It’s going to be a difficult season facing New York this season.

UPDATE- Jason LaCanfora is now reporting that the Jets have also added Bart Scott to the list of players released this afternoon. The move saves the Jets an additional $8 million on the salary cap according to LaCanfora. Adam Caplan reports via Twitter, that the Jets saved a total of $32.5 million in cap space for the 2013 season.

 

 

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