jersey vs knit

jersey and knit both are nouns.

Word	Noun	Adjective	Verb	Adverb
jersey	Yes	No	No	No
knit	Yes	No	Yes	No

As nouns, knit is a hypernym of jersey; that is, knit is a word with a broader meaning than jersey:

jersey (noun)	knit (noun)
a slightly elastic machine-knit fabric	needlework created by interlacing yarn in a series of connected loops using straight eyeless needles or by machine
a close-fitting pullover shirt	a basic knitting stitch made by putting the needle through the front of the stitch from the lefthand side
	a fabric made by knitting

jersey (verb)	knit (verb)
	to gather something into small wrinkles or folds
	make (textiles) by knitting
	tie or link together