AP source: Jets restructure Carpenter's contract

NEW YORK (AP) A person with direct knowledge of the situation says the New York Jets have restructured the contract of left guard James Carpenter, creating some much-needed salary cap space.

Carpenter agreed to convert $3.69 million of his $4.45 million salary for this season into a signing bonus Wednesday, according to the person who spoke to The Associated Press on condition of anonymity because the team does not announce financial terms of contracts.

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By lowering Carpenter's base salary to $760,000, the Jets save $2.46 million in salary cap room. It's the first in what could be a few moves to restructure deals because New York has only about $3.4 million in cap space.

The Jets still haven't announced their two-year, $7 million contract for defensive end Jarvis Jenkins, and they are still trying to re-sign quarterback Ryan Fitzpatrick.

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