FLORHAM PARK, N.J. (CBSNewYork) — The Jets cleared up $7.5 million in salary cap space Thursday by parting ways with kicker Nick Folk and offensive tackle Breno Giacomini.
Folk spent the last seven seasons with the Jets and was coming off another strong year. He was 27-of-31 on field goals and 24-of-26 on extra points.
The 32-year-old kicker, however, was set to have a cap hit of nearly $3.6 million in 2017. His release frees up $3 million in cap space for the Jets.
“It’s a sad day, but that’s the business side of things,” Folk said, according to a news release issued by the team.