The New York Jets have found themselves at the center of much speculation this offseason, particularly concerning wide receiver Corey Davis. In the midst of rumors about a potential cut, head coach Robert Saleh has made it clear that Davis is in the team’s plans for the upcoming season. Despite this, Davis’ contract situation remains a hot topic of discussion due to the significant amount of cap space the Jets could free up by letting him go.
Corey Davis’ Contract in Focus
In 2021, Davis signed a 3-year contract with the Jets worth $37.5 million, including a $2 million signing bonus, $27 million guaranteed, and an average annual salary of $12.5 million. In 2023, Davis is due to earn a base salary of $10.5 million, with a cap hit of $11.16and a dead cap value of $666,667. This contract structure means that if the Jets were to cut Davis, they would only be liable for the dead cap value, freeing up a substantial $10.5 million of cap space.
Davis’ 2022 season was marred by injuries, but when he was on the field, he provided a big-play threat for the Jets. He recorded 32 receptions for 536 yards, averaging 16.8 yards per reception, one of the highest averages in the league. Despite these respectable numbers, his production was not quite at the level that would make his $11.2 million cap hit a bargain, which has fueled some of the speculation about his future with the team.
Jets’ Cap Space Situation
While the Jets could save a nice amount of money by cutting Davis, it seems like the Jets want to keep the young receiver on the team. They’re all in for this season and maybe next if Rodgers returns. Saving the $10.5M won’t enable them to bring in a different veteran who could have a bigger impact on the team than Davis.