Jets Unsold PSL's Likely Keeping Player Salaries Down

Discussion in 'New York Jets' started by SRW, Jun 6, 2010.

  1. SRW

    SRW Ex-World's Worst Site Admin

    NFL executives are starting to wonder just how bad the Jets' PSL sales are going and just how much of an impact that shortfall is having on the team's finances, several sources told The Post yesterday. The source said the Jets -- despite a series of splashy moves and signings this offseason -- have just $110 million in salaries committed for the 2010 season which is far below last year's salary cap of $128 million and even further below what the cap likely would have been this year (roughly $138 million). The Jets' relatively small 2010 salary commitments combined with their glacially slow movement on new contracts desired by Revis and fellow young cornerstones Nick Mangold, D'Brickashaw Ferguson and David Harris are prompting alarm bells around the league. Owner Woody Johnson and Jets general manager Mike Tannenbaum defended the team's current salary situation and tough stance on contract talks as the club being sensible rather than frugal. "I can promise our fans that we're going to do everything we can to win the Super Bowl," Johnson said recently. "It motivates everything we do." But the $110 million figure in salary commitment follows The Post's exclusive confirmation last month that the Jets have more than 10,000 unsold personal seat licenses in their new $1.6 billion stadium in the Meadowlands, the cost of which was funded almost entirely by an equal partnership between Jets owner Woody Johnson and the families that co-own the Giants

    Source: New York Post
     
    Last edited by a moderator: Jun 7, 2010