Post by jetstream23 on Feb 6, 2015 14:03:40 GMT -5
The Jets have until March 19th to decide whether to retain Harvin. If he's on the roster after 4PM on 3/19/2015 then the Jets 6th round draft pick traded to Seattle escalates to a 4th round draft pick.
With Free Agency beginning on March 10th, the Jets basically have 9 days to try to find a suitable free agent WR that could start in place of Harvin. I think my approach to Harvin would be the following:
1. Open negotiations with his agent to restructure his deal. That $10.5M salary MUST come down. The Jets could make the argument that releasing Harvin just before the 19th would put him on the street quite late in FA when other teams likely have spent their big money and he's looking at offers much lower than what the Jets might renegotiate him to.
2. At the same time you're renegotiating him you have to look at FA for an upgrade. If the Jets are looking at Harvin and his $10.5M number then would it be possible to get a similar quality player who is less injury prone for less money (say $8M per year)?
Finally, it would seem like a very good option to find a way to both release Harvin before the 19th (keeping our 4th round pick) and then sign him back afterwards for a lower amount. According to the article below that is not an option because if the Jets re-sign him prior to the 2nd day of the draft the pick still escalates to a 4th.
espn.go.com/blog/new-york/jets/post/_/id/49076/jets-face-march-19-deadline-on-percy-harvin-decision
With Free Agency beginning on March 10th, the Jets basically have 9 days to try to find a suitable free agent WR that could start in place of Harvin. I think my approach to Harvin would be the following:
1. Open negotiations with his agent to restructure his deal. That $10.5M salary MUST come down. The Jets could make the argument that releasing Harvin just before the 19th would put him on the street quite late in FA when other teams likely have spent their big money and he's looking at offers much lower than what the Jets might renegotiate him to.
2. At the same time you're renegotiating him you have to look at FA for an upgrade. If the Jets are looking at Harvin and his $10.5M number then would it be possible to get a similar quality player who is less injury prone for less money (say $8M per year)?
Finally, it would seem like a very good option to find a way to both release Harvin before the 19th (keeping our 4th round pick) and then sign him back afterwards for a lower amount. According to the article below that is not an option because if the Jets re-sign him prior to the 2nd day of the draft the pick still escalates to a 4th.
espn.go.com/blog/new-york/jets/post/_/id/49076/jets-face-march-19-deadline-on-percy-harvin-decision
There will be a lot of speculation in the coming weeks about the future of wide receiver Percy Harvin, who arrived last October in a trade with the Seattle Seahawks.
The New York Jets face a multilayered decision, one that will be based primarily on his contract ($10.5 million in 2015) and the draft-pick compensation they will owe the Seahawks to complete last October's trade.
Harvin
Here's what you need to know:
The key date is March 19.
If Harvin remains on the Jets' roster after 4 p.m. on the 10th day of the league year (March 19), the Jets must give their fourth-round draft pick to the Seahawks. If the Jets release him before then, they owe the Seahawks a sixth-round choice.
The Jets were smart to make it March 19. Two reasons:
It gives them nine days to explore wide-receiver options in free agency. If they find a better player than Harvin, they can sign that player, cut Harvin and retain their fourth-round pick. The date also gives them leverage in any renegotiation talks with Harvin. If the Jets want to re-work his deal and he declines, the team can keep him until March 18, meaning he'd miss the first wave of free agency -- when the big money is doled out.
If the Jets keep Harvin on the roster beyond the deadline, it doesn't guarantee his $10.5-million base salary and it wouldn't preclude them from cutting him at a later date. But looking at it from a practical standpoint, it wouldn't make sense to dump a player after committing a fourth-round pick.
What if the Jets try to circumvent the draft-pick upgrade by cutting him before March 19 and re-signing him at a later date? Sorry, that won't work. In other words, if they cut him March 18 and re-sign him at any point before the second day of the draft (May 1), they owe a fourth-rounder to the Seahawks.
In terms of the financials, Harvin's contract no longer contains any guaranteed money, meaning there would be no salary-cap ramifications if they decide to part ways. His salaries after 2015 are $9.9 million, $9.95 million and $11.15 million.
Basically, it's a year-to-year contract, so what the Jets have to decide is this: Do they give up a sixth-round pick for the half-year he gave them in 2014 or do they surrender a fourth-rounder for a minimum of 1 1/2 years?
Interesting decision.
The New York Jets face a multilayered decision, one that will be based primarily on his contract ($10.5 million in 2015) and the draft-pick compensation they will owe the Seahawks to complete last October's trade.
Harvin
Here's what you need to know:
The key date is March 19.
If Harvin remains on the Jets' roster after 4 p.m. on the 10th day of the league year (March 19), the Jets must give their fourth-round draft pick to the Seahawks. If the Jets release him before then, they owe the Seahawks a sixth-round choice.
The Jets were smart to make it March 19. Two reasons:
It gives them nine days to explore wide-receiver options in free agency. If they find a better player than Harvin, they can sign that player, cut Harvin and retain their fourth-round pick. The date also gives them leverage in any renegotiation talks with Harvin. If the Jets want to re-work his deal and he declines, the team can keep him until March 18, meaning he'd miss the first wave of free agency -- when the big money is doled out.
If the Jets keep Harvin on the roster beyond the deadline, it doesn't guarantee his $10.5-million base salary and it wouldn't preclude them from cutting him at a later date. But looking at it from a practical standpoint, it wouldn't make sense to dump a player after committing a fourth-round pick.
What if the Jets try to circumvent the draft-pick upgrade by cutting him before March 19 and re-signing him at a later date? Sorry, that won't work. In other words, if they cut him March 18 and re-sign him at any point before the second day of the draft (May 1), they owe a fourth-rounder to the Seahawks.
In terms of the financials, Harvin's contract no longer contains any guaranteed money, meaning there would be no salary-cap ramifications if they decide to part ways. His salaries after 2015 are $9.9 million, $9.95 million and $11.15 million.
Basically, it's a year-to-year contract, so what the Jets have to decide is this: Do they give up a sixth-round pick for the half-year he gave them in 2014 or do they surrender a fourth-rounder for a minimum of 1 1/2 years?
Interesting decision.
