With the roster being trimmed today, it's time we update everyone on the status of the salary cap. With the exception of the estimated rookie pool numbers, all numbers are, as always, from NYJetsCap.

Previous Estimated Total $147,453,761 OT Jason Smith -$12,000,000 OLB Calvin Pace -$8,560,000 ILB Bart Scott -$7,150,000 S Eric Smith -$3,000,000 TE Josh Baker -$555,000 Total Savings $31,265,000 Current Salary Cap Hit $116,188,761 Estimated Rookie Pool Cost $5,610,469 Remaining Cap Space (Assuming the salary cap is ~$120m plus ~$3.6m rollover from last year) $1,800,770

This is without other cuts that should be forthcoming, such as Tim Tebow, which will save another $1,055,000, and possibly Sione Pouha, which would save $3,833,332. There are a significant number of holes on the roster, but the team should be in a position to sign a good free agent or two (or several "lesser" free agents) to plug the gaps, in addition to the draft. The next step is determining Darrelle Revis' future, as that will play a significant role in the cap going into the future.

Edited: I studied history in college, folks, not math.