Veteran quarterback David Garrard "anticipates putting a deal together" with the New York Jets once the team can work through some salary-cap issues, a source close to the situation tells ESPN NFL Insider Adam Schefter.

"Both sides are feeling good about a possible deal," the source said.

A source familiar with the situation said he sees a deal between the Jets and Garrard as likely.

By releasing Bart Scott, Calvin Pace, Eric Smith and Jason Smith earlier this offseason, the Jets created $30.7 million in cap relief. The team is roughly $8 million under the cap.

Garrard had an impressive workout Thursday with the Jets, who believe he would fit well in their system. There are questions about his age and injury history, but the Jets and the 35-year-old Garrard plan to continue talking and working to consummate an agreement.

A New Jersey native, Garrard has not played in a regular-season game since 2010 with the Jacksonville Jaguars. He spent last offseason with the Miami Dolphins and was in contention for the starting job before injuring his knee during training camp.