Veteran quarterback David Garrard "anticipates putting a deal together" with the New York Jets once the team can work through some salary-cap issues, a source close to the situation tells ESPN NFL Insider Adam Schefter.

"Both sides are feeling good about a possible deal," the source said.

A source familiar with the situation said he sees a deal between the Jets and Garrard as likely.

By releasing Bart Scott, Calvin Pace, Eric Smith and Jason Smith earlier this offseason, the Jets created $30.7 million in cap relief. The team is roughly $8 million under the cap.