Pace was an every-down linebacker, but his cap charge was prohibitive -- he was due to count for $11.6 million. Pace was cut by the team in February.
The Jets snagged Pace with a six-year, $42 million contract during free agency in 2008, one of many key additions in a blockbuster offseason. Of all the big-name acquisitions -- Alan Faneca, Kris Jenkins, Damien Woody and, later, Brett Favre -- Pace lasted the longest.
Pace hasn't become the pass-rusher the Jets envisioned, never eclipsing eight sacks in a season. In 2012, he played in 94 percent of the defensive snaps, recording only three sacks and 42 solo tackles.
In five seasons with the Jets, Pace has recorded 28 sacks and 11 forced fumbles.
Information from ESPNNewYork.com's Rich Cimini was used in this report.