The Facts: The Jets slashed their payroll by parting with Pro Bowl cornerback Ty Law and cutting a host of other veterans, including quarterback Jay Fiedler, offensive tackle Jason Fabini and fullback Jerald Sowell. Also cut were three reserves: linebacker Barry Gardner, defensive tackle Lance Legree and wide receiver Harry Williams Jr.

Diehards Line:The team is millions of dollars over the salary cap and must be at or under the salary cap by March 3, the opening day of free agency. Team officials continue to negotiate with Chad Pennington, who twice in the past two years had rotator cuff surgery, in an attempt to reduce his cap number.