The funny thing is the Jets have done virtually nothing in the last five years that could be considered innovative. For whatever reason, Tannenbaum is a supposed genius. Why?
The only thing I'll give them credit for is some savvy drafting. Not to say it was really brilliant drafting because they had some pretty high picks to work with. They got Ferguson, Mangold, Revis, and Harris in the first round. I'd call Revis and Mangold great picks for where they were drafted. I don't see a lot of good late-round picks at all for the Jets, and I see a quarterback who has played well in big games but still has a QB rating of around 70. Point being that their drafting has resulted in some good players, but those players command high first round salaries and should be good.
Onto free agency. The Jets have not signed a single player for salary/compensation that can be considered a bargain. To recap some of their moves last year. Jason Taylor and Ladainian Tomlinson, paid way above the highest bidders. Santonio Holmes, traded for a fifth-rounder because no one wanted the headache; once again the Jets were the highest bidder; ditto on Braylon Edwards. Bart Scott, again the Jets were willing to pony up the cash. Antonio Cromartie, the Jets were far and away the highest bidder, again giving away a second-round pick.
Even in re-signing their own talent, the Jets didn't exactly get bargains with Mangold or (definitely not) Revis.
What's the point? Good teams typically draft very well, regardless of their draft position, develop players, and get great bargains on the free agent market. That's how you beat the cap. Don't mistake aggressive bidding and a win-now mentality for a solid long-term plan.
Look at all the guys the Patriots have who cost them virtually nothing and aren't giving them a huge cap hit. The Jets have very few of these guys. Logic tells me this will all catch up with them very soon.