Haason Reddick remained on the Jets’ reserve/did not report list until his contract holdout came to an end. Now that he is officially back in the fold, he has been brought onto the active roster in time for Week 8.
In a corresponding move, fellow edge rusher Takk McKinley was released. McKinley appeared in all seven games for the Jets this season, handling a 28% snap share. Reddick will be counted on to be on the field much more than that, just as he will be expected to outproduce McKinley’s 0.5 sacks for the year. Reddick’s playing time and production will be key in determining his overall 2024 earnings.
In a detailed breakdown of Reddick’s revised Jets accord, CBS Sports’ Joel Corry notes the two-time Pro Bowler now has $5.34MM available in incentives in the form of an option bonus escalator. Void years remain on the pact (now running from 2025-28), and they will spread out the cap hits generated by the bonus. If Reddick remains healthy and productive for the remainder of the season, he will begin earning back a portion of the money he lost through fines and forfeited salary.
The 29-year-old will see just over $791K if he reaches the 40% snap threshold for the campaign, something which will be much more plausible than the 67.5% mark which would be needed for the conditional third-round pick the Jets sent the Eagles to become a second-round selection. In terms of pass-rush production, Reddick will collect $500K for eight sacks along with another $500K for a ninth and 10th in that department. As well, $500K is available for a Pro Bowl nod, something which should also not be expected given the fact he was absent for the first seven weeks of the campaign.
Should the Jets reach the Super Bowl, Reddick will earn an additional $2MM (provided he plays in the game). New York currently sits at 2-5 on the year, so a postseason berth – let along a deep playoff run – is far from a certainty. In all, as Corry notes, an earnings total of just over $14MM is possible – a figure not much lower than than $14.5MM Reddick was originally due in base salary. However, he adds that a realistic scenario (given the unlikely nature of several of his incentive thresholds) is only $9.99MM in compensation, an illustration of how costly this holdout saga could prove to be.
Reddick’s total financial penalties have yet to be fully determined due an NFLPA grievance filed over the preseason fines he accumulated this summer. Remaining away from the Jets resulted in $2.38MM in fines; the team may be willing to waive those, but it remains to be seen if that will be possible as the league and union discuss the matter. Reddick accrued $2.05MM in training camp fines (which, since he is not on a rookie pact, cannot be rescinded) in addition to, most notably, $5.54MM in lost game checks during the regular season.
Reddick remains on course for free agency, although a strong showing over the coming weeks could open the door to new agent Drew Rosenhaus and the Jets agreeing to a deal which would keep him in place for 2025. In any event, his value (along with overall earning potential) will be dictated by his playing time and production during the rest of the season.