Whether Harvin remains on the Jets' roster influences the draft pick the team will send to the Seattle Seahawks, who traded Harvin to the Jets in October. If the six-year receiver is on the Jets' roster through March 19, New York will send a fourth-round draft pick to Seattle. If Harvin is released prior to that date, New York will send a sixth-round pick.
Maccagnan, who was hired as the Jets' general manager in January, also told reporters that the Jets could choose to restructure Harvin's deal. Doing so would not affect the terms of the deal, and the team will weigh the benefits of keeping Harvin on the roster against potentially giving the Seahawks a better draft pick.
"I think all of those things weigh into it," Maccagnan said. "I don't want to get too far into [it] as a courtesy to Percy and his agent, Joel Segal. We will talk to those guys at some point in the near future.
“But you have to weigh all those things. You have to weigh Percy as a player, which is he's a very good player so that has a certain value. But then you have to look at what he is financially compensated for. That's a simple reality of the salary cap. You have to look at different things you can do, whether you carry him at his current contract or restructure to a more cap-friendly one."
Harvin is due $10.5 million in 2015. The Seahawks acquired him in 2013 from the Minnesota Vikings, signing him to a six-year deal after the trade.
Of the 13 games Harvin appeared in last season, eight came with the Jets. He caught 29 passes for 350 yards and one touchdown with New York, in addition to 20 kickoff returns for 495 yards.
- Mike Fiammetta