NEW YORK — The Jets have a ton of cap space and that space is set to increase as they look to sign some marquee free agents, but there’s still some uncertainty about how much the team is going to spend in free agency.
The team’s cap space sits at $126.3 million.
The Jets will likely be among the most expensive teams in the league, but they have some cap space remaining.
It’s possible that the Jets will not sign many free agents.
It’s also possible that they will sign a few more.
In terms of the amount of cap room the Jets are likely to use this year, the Jets were a top-10 team in terms of cap dollars for the 2016 season.
But that will likely fall this season.
The team’s spending has decreased by more than $10 million in the past two years, including $5 million in 2017.
The salary cap will be $143 million next season.
At this point, there is not much money to spend.
The only teams that have more cap room than the Jets this season are the Browns and the Patriots.
If the Jets don’t sign any free agents this offseason, the cap will fall below $143.1 million next year.
The Jets also have some contracts on the books that they can use to sign players who will be part of the core of the team.
They have three unrestricted free agents on their roster: cornerback Jalen Mills, safety Dwayne Gratz and defensive lineman David Harris.
The contracts will be paid out by the Jets.
Mills is the only one of the three to sign a long-term contract this offseason.
Gratz is under contract through 2021 and Harris is signed through 2022.
The contracts include $8.5 million guaranteed.
The deals also include a $4.75 million signing bonus and a $3.75 bonus in the first year.
The teams will have $15.1 in cap room for 2017.
Harris signed a three-year, $23 million deal with the Jets in March.
Mills signed a four-year deal with New York in March and Gratz signed a five-year contract with New England in April.
Harris signed a two-year pact with the Broncos in March, Gratz with the Patriots in March this year and Mills with the Browns in May.
The two other unrestricted free agent receivers on the roster are tight end Dwayne Allen and linebacker Nate Irving.
Allen signed a six-year $55.8 million deal in June with the Dolphins and Irving signed a one-year extension with the Bills in October.
Allen is entering the final year of his contract with the team and will be a free agent in 2021.
He is one of only four players on the Jets roster who signed a long term contract with them in 2017, joining Mills, Grats and Harris.
Allen, Gratis and Harris are the only Jets wide receivers to be signed to long-time deals.
Mills, Irving and Allen are all signed through the 2019 season.