The Jets will be releasing Rodgers as of Wednesday. The move means the Jets will have to eat $49 million in dead money against their salary cap over the next two years. Since they are designating Rodgers as a post-June 1 cut, they will take a $14 million dead cap hit in 2025 and a larger $35 million dead cap hit in 2026.

Aaron Rodgers' much-hyped but overwhelmingly disappointing two-year tenure with the New York Jets is officially over. The team released the four-time MVP, as expected, and the 41-year-old quarterback can now join another team as a free agent for the first time in his career — if he stills intends to play a 21st NFL season.

March 9: Jamien Sherwood was a backup going into the 2024 season for the Jets. A year later, and with a team MVP award under his belt, he just became one of the five highest-paid linebackers in the NFL after agreeing to re-sign with the Jets for $45 million ($30 million of it guaranteed) on a three-year deal.

NFL free agency has begun, and we're keeping track of every major signing, trade and release of the 2025 offseason, with analysis from our NFL Nation reporters and grades from our experts. The new league year began Wednesday at 4 p.

Free agency is a crazy time in the NFL with players coming and going, being released, signed or re-signed and, in some cases, retiring or being traded. Ultimately, it's a difficult thing to keep tabs on.