Jets have dumped nearly $40 million in major roster purge

Revis released by the Jets (2:03)

Rich Cimini breaks down the poor play of Jets CB Darrelle Revis resulting in his exit and the team in a total rebuilding mode after dropping the salary of Revis and C Nick Mangold. (2:03)

We told you a few weeks back this would be a seismic offseason for the New York Jets in terms of big names and big salaries getting swept away in a youth movement, and that's exactly what has unfolded.

The Jets released two future Ring-of-Honor members, Darrelle Revis and Nick Mangold, in a span of five days. There could be more cuts in the coming days, but this is a good time to take stock of where the Jets stand in relation to the salary cap.

On Wednesday, the NFL announced the salary cap at $167 million. Each team has its own adjusted cap number, based on the carryover from the previous year, and the Jets' cap number is $167.371 million, according to the NFLPA.

Counting Revis' release, which doesn't become official until March 9, the Jets have $141.1 million committed to the cap (top 51 players), according to overthecap.com. That means they have $26.3 million in cap room, per OTC. That might sound like a lot, but it still puts them in the bottom third of the league. In other words, they can aggressive in free agency, but they have to be cautious.