Some of that cap room should be used to lock up Wilkerson, and possibly re-sign Howard, Cumberland, and Colon with a slight bump in salary assuming they play well and stay healthy. And don't forget the annual Schlauderaff contract.
If they decide to keep Cro, they are going to have to re-do his contract. His cap $ is almost $15 million for 2014. I wonder if he would try to test the FA market if the Jets' offer is low. The market isn't good for corners, but I guess that depends on whether the Jets really lowball him. I'm sure he'd have some motivation to stay with Rex. He's 29 years old, but with his athletic ability he potentially play better for a little longer than your average corner.
At one point I thought there was a tiny chance they might try to keep Holmes, but I think that ship has sailed.
We'd still have plenty of cash left for free agents, but you don't stay good by overpaying for premium talent. Every time you overpay or make a dud draft pick, it eventually hurts the team, even if it isn't that year. It's all about getting value for talent.
Wilkerson is a must, IMO. 6 year contract if possible, and front loaded. That way we can sign the rest of the DL when it is their turn. Obviously, assumes they progress as we all hope. Howard is the another must, IMO. He
should come
relatively cheap for a 4-5 year contract with low guarantees. Instead of Colon, I would prefer to go after the guard from Kansas City, Jon Asamoah. This would give us a really young top notch offensive line for 4 years. Ferguson and Mangold are under contract until 2017.
Cromartie is a huge question mark for me, and I feel we have a ton of options. He is a competent #1 CB when he is at the top of his game, but what is the fall off if we went after a Alterraun Verner/Sam Shields in free agency. It probably won't be a popular thought, but exploring a trade with Cromartie could be the best option. He is due a $5 million dollar roster bonus, so it would have to be done quickly (prior to free agency), and might have to over pay for one of the free agent CB's. Even if we only got a 3rd rounder, we will have a competent CB and another draft pick in a loaded draft, and we stay at the same financial obligation.
Edit: I don't understand how Cromartie can test free agency, or are you talking about 2015?