Hi, was browsing and noticed this thread. I think spotrac has made one crucial mistake on that number - it is a credit not a deduction. So it should make our adjusted cap bigger by $3.125M, therefore giving us around $7.6M in space.
Does anyone know what this number includes or how to find out? I believe a large chunk is to do with Tebow ad money owed by the Jets but I'm not really sure?