Happy New Year! The new league year got underway less than half an hour ago and the Jets didn't waste any time making this expected move:
We have released CB Trumaine Johnson.— New York Jets (@nyjets) March 18, 2020
The Jets would ordinarily save $3 million of cap space by making this move, but the fact they waited obviously means they plan to treat this as a post-June cut to create an additional $8 million of current year cap room (with the same amount hitting next year's cap as a dead money hit).
It goes without saying that the Johnson signing ended up being a disaster but he might not be the last starting cornerback the Jets cut this week. Darryl Roberts has $2 millon of guarantees set to crystallize on Sunday so could also be released or forced to take a paycut before then.
They already lost one cornerback today:
Canady had started a few games down the stretch and done quite well so his loss is a bit of a blow. Blessuan Austin and Nate Hairston remain on the team with Kyron Brown a candidate to compete for a role in camp and restricted free agent Arthur Maulet perhaps set to return. However, this is a position the Jets should address further in free agency and/or the draft.