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Jets restructure Ferguson's contract

Jets tackle D'Brickashaw Ferguson walks off the field

Jets tackle D'Brickashaw Ferguson walks off the field following practice at the Atlantic Health Training Facility. (June 13, 2012) Credit: Joe Epstein

The Jets have restructured D'Brickashaw Ferguson's contract, a source confirmed Friday.

The veteran left tackle, and Freeport native, was scheduled to earn $8 million this season -- a $7.25 million base salary and a $750,000 workout bonus. But in a cost-cutting move, the Jets have significantly slashed Ferguson's base salary and cleared over $5 million in cap space in the process.

The three-time Pro Bowler will make the same amount -- $8 million -- but his new base salary is now the league minimum for a player with seven accrued seasons: $840,000 (which is guaranteed). Ferguson still gets his $750,000 workout bonus, plus a $6.41-million signing bonus that will be prorated over the next five seasons.

Ferguson initially carried a cap hit of $10.716 million, but by restructuring his contract the Jets have cleared $5.128 million. 

The news was first reported by Yahoo! Sports.

Cornerback Antonio Cromartie and wide receiver Santonio Holmes also agreed to contract restructures this offseason.

New York Sports