The Jets and general manager Joe Douglas have become big fans of void years lately. The latest example comes from their contract for their new wide receiver Mike Williams.
It was reported earlier Saturday that Williams signed a one-year deal worth $10 million that could become $15 million via incentives from receiving yards, receptions and touchdowns.
Over the Cap is currently estimating that the team added four void years to Williams’ contract to spread out the cap hit of Williams’ $3.3 million signing bonus. That means just $660,000 gets charged for 2024. Over the Cap is likely estimating that three of the 17 games for the per-game roster bonus of $1.7 million is “likely to be earned”, as that is how many games Williams played last season before his ACL injury.
As a result, that would only charge $300,000 against the cap in 2024 and anything after that would be charged to the 2025 salary cap. Using that, Williams’ cap number for 2024 would come to just $5.96 million. He’ll leave at least $2.64 million in dead money for 2025 plus any other additional charges that the Jets would incur if they happen.
Overall, a small risk for a potential big reward with Williams and another example of the Jets placing all their eggs into the 2024 basket.
