Even though they dumped him in March, the Jets have been carrying Johnson's onerous contract on their salary cap -- the full $15 million. That's about to change. By Tuesday, his cap charge will be $4 million. Here's why:
By designating him a "post-June 1 cut," the Jets opted to spread his unamortized bonus money ($12 million) over two years instead of one, with the proviso that the bookkeeping doesn't go into effect until June 1. It gives them more flexibility in 2020. The downside is an $8 million charge in 2021. Yes, he was a costly mistake. But you already knew that.
By designating him a "post-June 1 cut," the Jets opted to spread his unamortized bonus money ($12 million) over two years instead of one, with the proviso that the bookkeeping doesn't go into effect until June 1. It gives them more flexibility in 2020. The downside is an $8 million charge in 2021. Yes, he was a costly mistake. But you already knew that.
