Jets' historic spending spree ($122 million!) raises pressure on GM
New York Jets CEO Christopher Johnson, coach Adam Gase and general manager Mike Maccagnan have acquired a bevy of new players through free agency.
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A look at what’s happening around the New York Jets:
1. Bo$$ Jet: CEO Christopher Johnson, who speaks to the media three or four times a year, is expected to sit down with reporters at the NFL owners meetings, which begin Sunday in Phoenix. The Jets are having a historic offseason in terms of spending, so he undoubtedly will be asked if his expectations have risen as much as the payroll. In previous years, Johnson downplayed those questions, never once issuing a playoff mandate for his coach and general manager. It’ll be fascinating to see how he answers because …
He. Just. Spent. $122 million.
We’re talking real dollars, not fluff money on the back end of contracts. The $122 million is the total amount of guaranteed money at signing, which, based on the league’s funding rule, must be deposited by the team into an escrow account. Actually, it’s probably a few million higher because that number doesn’t include the most recent deals, all of which were relatively small.