Giants' cap situation and cap numbers for all 74 players

Thanks man.

..

this is in addition to the savings we'll net when cutting Bass and will be used for the rookies, i.e. do we still have almost 5 million to play with?

In comment 11604488 BurlyMan said:

Quote:

this is in addition to the savings we'll net when cutting Bass and will be used for the rookies, i.e. do we still have almost 5 million to play with?

No. The Cap Savings from cutting Baas will kick in on Monday, June 2nd at 8 am EST. The Giants will gain $5M in additional cap space at that time. As of now, they'll only need $1,783,342 to sign their draft picks. Only the top 2 picks will count against the cap now due to the Top 51 Rule being in effect (cap # displacement is part of that).

Obviously, more than 51 players count towards the cap at some point. As i understand it, during the season, everyone on the roster, the practice squad and on IR will count.Can you briefly explain the key future dates as they relate to the cap and how the cap is applied as of those dates? Thanks.

Is an abomination.

be able to carry over some cap room to 2015

so the Giants went on a spending spree and they will still have a significant amount of money under the cap and that's without extending Eli or Rolle. That's some dandy cap work right there.

Thanks for this.

of cleaning up the cap mess (which was of his own making). DRC and Beason are the only FAs to get significant signing bonuses. It seems that the FO has tried to use roster bonuses (rather than signing bonuses) to mitigate future cap problems.

Optimus!

once the cap is cleaned up is use the "pay as you go" strategy meaning roster bonuses and guaranteed salaries that count only towards that years cap. If the folliwng years roster bonus is not picked up, or cut the following year, there is no dead money (Ayers is an example of this, though he does have a small signing bonus). This is in contrast to a signing bonus model that we have known for the past 15 years that is prorated over the life of a contract and will leave dead money if released early (Baas is the perfect example of this, though he also had multiple restructurings which in all essence were multiple signing bonuses)

The Raiders, Bucs, and Jaguars have started doing a ton of this since they were so far under the cap. It seems the rest of the NFL is trending in this direction when they can. In essence, you can pay someone for a year or two, and get rid of them with absolutely no dead money.

Teams like the Redskins, Panthers, Saints, Cowboys, Steelers cannot do this as they are so tight against the cap this year and future years with dead money.

The Giants are in the middle right now, but seem to be trending in the right direction.

In comment 11604505 Pete in VA said:

Quote:

Obviously, more than 51 players count towards the cap at some point. As i understand it, during the season, everyone on the roster, the practice squad and on IR will count.Can you briefly explain the key future dates as they relate to the cap and how the cap is applied as of those dates? Thanks.

Sure. Players on the PUP List and on the 8-man Practice Squad count as well. The key date to keep in mind is when the Top 51 Rule ends, and when teams need to be under the cap by. Teams will have to be under the cap by the close of business at 4 pm EST on Wednesday, September 3rd.

Here are some important dates for April and May to keep in mind:

Quote:

April 7: Clubs that hired a new Head Coach after the end of the 2013 regular season may begin offseason workout programs. April 21: Clubs with returning Head Coaches may begin offseason workout programs. May 2: Deadline for Restricted Free Agents to sign Offer Sheets. May 7: Deadline for Prior Club to exercise Right of First Refusal to Restricted Free Agents. May 8-10: 2014 NFL Draft, New York City, New York. May 19-21: NFL Spring League Meeting, Atlanta, Georgia. Source: NFL Calendar: All The Dates You Need To Know

I see someone's been listening to the OTC podcasts :-)

Great info

In comment 11604535 Brandon Walsh said:

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once the cap is cleaned up is use the "pay as you go" strategy meaning roster bonuses and guaranteed salaries that count only towards that years cap. If the folliwng years roster bonus is not picked up, or cut the following year, there is no dead money (Ayers is an example of this, though he does have a small signing bonus). This is in contrast to a signing bonus model that we have known for the past 15 years that is prorated over the life of a contract and will leave dead money if released early (Baas is the perfect example of this, though he also had multiple restructurings which in all essence were multiple signing bonuses) The Raiders, Bucs, and Jaguars have started doing a ton of this since they were so far under the cap. It seems the rest of the NFL is trending in this direction when they can. In essence, you can pay someone for a year or two, and get rid of them with absolutely no dead money. Teams like the Redskins, Panthers, Saints, Cowboys, Steelers cannot do this as they are so tight against the cap this year and future years with dead money. The Giants are in the middle right now, but seem to be trending in the right direction.

I'll add that the one way the "old model" can be advantageous is if you can reasonably expect meaningful increases in the salary cap, year-to-year. In that instance, pushing cap hits forward allows teams to essentially pay at a discounted rate (in % of cap terms-- real money remains real money, of course).

In comment 11604548 Optimus-NY said:

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I see someone's been listening to the OTC podcasts :-)

I haven't listened to them, moroeso following them on Twitter, with Joel Corey and Andrew Brandt. I guess the same thing though.

Either way, good to see the Giants going in the right direction with this model as it seems like a no brainier once the cap is cleaned up and gives such flexibility every offseason.

is there currently anyone who might be PUP at the start of camp? Can't think of anyone. Granted, we still have to make it through the mini camps.

did you get my e-mail from a couple of weeks ago?

In comment 11604631 Enoch said:

Quote:

In comment 11604535 Brandon Walsh said: Quote: once the cap is cleaned up is use the "pay as you go" strategy meaning roster bonuses and guaranteed salaries that count only towards that years cap. If the folliwng years roster bonus is not picked up, or cut the following year, there is no dead money (Ayers is an example of this, though he does have a small signing bonus). This is in contrast to a signing bonus model that we have known for the past 15 years that is prorated over the life of a contract and will leave dead money if released early (Baas is the perfect example of this, though he also had multiple restructurings which in all essence were multiple signing bonuses) The Raiders, Bucs, and Jaguars have started doing a ton of this since they were so far under the cap. It seems the rest of the NFL is trending in this direction when they can. In essence, you can pay someone for a year or two, and get rid of them with absolutely no dead money. Teams like the Redskins, Panthers, Saints, Cowboys, Steelers cannot do this as they are so tight against the cap this year and future years with dead money. The Giants are in the middle right now, but seem to be trending in the right direction. I'll add that the one way the "old model" can be advantageous is if you can reasonably expect meaningful increases in the salary cap, year-to-year. In that instance, pushing cap hits forward allows teams to essentially pay at a discounted rate (in % of cap terms-- real money remains real money, of course).

Great point, which is what the Giants planned for in 2009 when they shelled out money to Canty, Boley, Rolle, etc. Once the new CBA came into existence and the cap didnt rise for 2 years, we had rising contracts, with no increase in the cap and it led to last offseason for us to "take our cap medicine" and only sign veteran minimum benefit contracts outside of Cullen Jenkins.

In comment 11604639 Eric from BBI said:

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did you get my e-mail from a couple of weeks ago?

No. Can you send it again?

It looks like he'll be ready though for camp according to John Schmeelk.

.

In comment 11604645 Optimus-NY said:

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It looks like he'll be ready though for camp according to John Schmeelk.

I'd be surprised if Wilson doesn't start on the PUP (and probably wind up on IR by the final cutdown).

starts on PUP, it means it wasn't just a broken bone.

Same sorta thing with Wilson. If he's on PUP, it's not a good sign, but I wouldn't be surprised. If he's on IR, you might as well write him out of any kind of future planning. If it's at all possible (to save money), I'd cut him before putting him on IR.

In comment 11604501 Optimus-NY said:

Quote:

In comment 11604488 BurlyMan said: Quote: this is in addition to the savings we'll net when cutting Bass and will be used for the rookies, i.e. do we still have almost 5 million to play with? No. The Cap Savings from cutting Baas will kick in on Monday, June 2nd at 8 am EST. The Giants will gain $5M in additional cap space at that time. As of now, they'll only need $1,783,342 to sign their draft picks. Only the top 2 picks will count against the cap now due to the Top 51 Rule being in effect (cap # displacement is part of that).

So does that mean if no one else signs by June 2nd,
The Giants will have

$4.7 million from existing cap space
+$5.0 million from Baas cut
-$1.8 million to rookies
------------------------------
$7.9 million in cap space at that point?

If so, color me happy.

That 7.9 M will get put to use as follows:

-$2M for in-season expenditures (that's what the Giants pent in-season last year)
-$1M in emergency funds during the regular season
-$856,800 for the Practice Squad
-$840,000 in theory for two more players for the 53-man roster
-cap & cash bucks for players who receive Injury Settlements during Training Camp (say a cool $500K)
-player(s) on the PUP List (who knows; say about $1M)
-player(s) on IR (who knows; say about $1M)


Add those up, and you've got about $7.2M. Subtract that amount from the $7.9M figure, and you've got your REAL leftover figure of cap space that you can actually use. That amount is approximately $700K.

of restocking the team and allowing the team to go after BPA and not reach in this draft. Well done. Not that every FA signing from this year makes it, but he's allowed some flexibility certainly.

And, aren't the Giants in great shape come 2015 regarding the cap?

that cap displacement occurs. The 51st ranked cap # on the Giants now belongs to Markus Kuhn in the amount of $581,474. If the Giants sign another player--like they just did with Kellen Davis---then that cap # will displace the 51st ranked cap #, and then the DIFFERENCE between those 2 cap numbers will be what is subtracted from the available cap space.

For example, Let's say that Davis's cap # is 1,000,000. You would subtract $581,474 from $1,000,000 and would end up with $418,526. That amount would be what is subtracted from the available cap space, not the amount of $1M. Capisce?

restructuring contracts. This far, this year, they've had 3 players take pay cuts: Weatherford, Snee, and Kiwi. All of them knew they were toast if they didn't do it. I forgot if Weatherford's case was a restructure or a pay cut for certain. I'm fairly certain that it was a pay cut though.

can always dip into the Bank of Eli, but they'd only do that as a last resort. They're waiting until next year to make a decision on what kind of extension they're going to give Eli, and on the outside chance things go south for him injury-wise, give themselves a chance to divest themselves of him (highly doubtful, but you never say never).

It looks like most new signings are at 635K. The next two 635K signings will cost us a total of about 75K against the cap. 3 million could go a long way. Still room to make a minor splash as players are released.

In comment 11604823 Reale01 said:

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It looks like most new signings are at 635K. The next two 635K signings will cost us a total of about 75K against the cap. 3 million could go a long way. Still room to make a minor splash as players are released.

Spot on. This is probably a MSB type deal. The cap # is probably $635K, and the cash # is probably $795K ($730 base + $65K signing bonus). In this instance, it would only cost the Giants $53,526 in cap space (the result of $635,000 - $581,474).

Optimus, in the past few years NYG haven't extended anyone of their own picks. What's do you think the livelihood of doing so with Prince is giving the cap situation?

''you are on the chopping block''

'chef, your appetizer course was weak, and, although your lunch was tasty, with nice pass protection sauce, your dinner fell short, you burned the rice'