Greg McElroy
Position: Quarterback
The New York Jets signed seventh round draft selection QB Greg McElroy to a 4 year contract on July 29, 2011. McElroy received a signing bonus of $65,152. Base salaries are $375,000(2011), $465,000(2012), $555,000(2013), and $645,000(2014). McElroy will be eligible to earn the Proven Performance Escaltor in 2014, based on playing time during the prior three years. If earned, McElroy's 2014 salary will increase to $1,200,000.
| Year | Salary Cap Number | Dead Money if Cut | Cap Savings if Cut |
|---|---|---|---|
| 2011 | $391,288 | $65,152 | $326,136 |
| 2012 | $481,288 | $48,864 | $432,424 |
| 2013 | $571,288 | $32,576 | $538,712 |
| 2014 | $661,288 | $16,288 | $645,000 |