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Salary Cap Impact of Three Cuts

Eric from BBI : Admin : 2/10/2016 12:28 pm
I use Spotrac...

The combined moves are believed to create an additional $12.27 million in cap space.

Schwartz was scheduled to make $3.925 million in salary in 2016 and count $4.908 million against the 2016 salary cap. Cutting Schwartz saves the Giants $2.992 million against the cap with $1.917 million in dead money.

Beatty was scheduled to make $6.625 million in salary in 2016 and count $9.175 million against the 2016 salary cap. Cutting Beatty saves the Giants $4.175 million against the cap with $5 million in dead money.

Beason was scheduled to make $2.8 million in salary in 2016 and count $6.567 million against the 2016 salary cap. Cutting Beason saves the Giants $5.1 million against the cap with $1.467 million in dead money.
http://www.spotrac.com/nfl/new-york-giants/cap/ - ( New Window )
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Whoo hoo  
Fish : 2/10/2016 12:29 pm : link
Love it $$$$$
They could defer $2.5M more  
JonC : 2/10/2016 12:31 pm : link
if Beatty is designated a post-June 1 cut as well.
RE: Whoo hoo  
feelflows : 2/10/2016 12:34 pm : link
In comment 12809203 Fish said:
Quote:
Love it $$$$$


hopefully the right players will be available to use the $$$ on.
So we're sitting  
The_Boss : 2/10/2016 12:35 pm : link
With an excess of $60 million now. Good.
I'm confident  
Fish : 2/10/2016 12:35 pm : link
Reese and co get it right and build this team correctly. With an easier schedule and Eli we can be right back in thick of things.
Are the cap savings figures quoted  
SwirlingEddie : 2/10/2016 12:36 pm : link
net of the dead money effect?
RE: They could defer $2.5M more  
Giants in 07 : 2/10/2016 12:36 pm : link
In comment 12809214 JonC said:
Quote:
if Beatty is designated a post-June 1 cut as well.


How would this work?
.  
Vin R : 2/10/2016 12:36 pm : link
RE: So we're sitting  
JPinstripes : 2/10/2016 12:38 pm : link
In comment 12809222 The_Boss said:
Quote:
With an excess of $60 million now. Good.


60M without the Cruz restructure, which you can assume is immanent or he would have been axed today as well.
rebuild  
area junc : 2/10/2016 12:39 pm : link
we've seen major roster change the past few years but this is really the year we rebuild. we have Eli, Beckham and 3 good OLs, and we are starting over. Exciting.....except for the fact Reese & Co. have lost credibility
RE: RE: They could defer $2.5M more  
JonC : 2/10/2016 12:39 pm : link
In comment 12809226 Giants in 07 said:
Quote:
In comment 12809214 JonC said:


Quote:


if Beatty is designated a post-June 1 cut as well.



How would this work?


$2.5M in dead money in '16 and '17 instead of the full $5M hit in '16.
SE  
JonC : 2/10/2016 12:40 pm : link
Yes, it appears so.
JonC  
figgy2989 : 2/10/2016 12:41 pm : link
Does that mean they would have to wait until June 1st to officially make the announcement?
No  
JonC : 2/10/2016 12:42 pm : link
.
Got ya  
figgy2989 : 2/10/2016 12:43 pm : link
.

Here...  
Eric from BBI : Admin : 2/10/2016 12:43 pm : link
is BBI update with more specifics...
Giants Cut Geoff Schwartz, Will Beatty, Jon Beason - ( New Window )
In 2007  
Matt in SGS : 2/10/2016 12:44 pm : link
Reese's first move as GM was to cut high priced/injured players (Lavar Arrington, Luke Pettitgout, and to a lesser extent Chad Morton). Looks like he's doing the same thing here.
The cap space comes with big roster holes too.  
BeerFridge : 2/10/2016 12:46 pm : link
So, my excitement is a bit tempered.
Jon  
Eric from BBI : Admin : 2/10/2016 12:47 pm : link
not sure why they would defer to post-June 1st. They have plenty of cap space now.
$ don't mean squat if we can't get top  
Simms11 : 2/10/2016 12:47 pm : link
Free Agents here. Denver appears to want to keep all of their Defense in tact and so we probably won't be in the market for either Trevathan or M Jackson. Reese is going to have to be extremely pro-active in Free Agency if there's someone that we want. Line up visits immediately and don't let them get out of town without a contract!
RE: $ don't mean squat if we can't get top  
Matt in SGS : 2/10/2016 12:52 pm : link
In comment 12809277 Simms11 said:
Quote:
Free Agents here. Denver appears to want to keep all of their Defense in tact and so we probably won't be in the market for either Trevathan or M Jackson. Reese is going to have to be extremely pro-active in Free Agency if there's someone that we want. Line up visits immediately and don't let them get out of town without a contract!


Well, these cuts put the Giants in a position to overpay for guys like that from Denver. They can't afford to keep them all. Jackson would be a guy who the Giants would have to overpay for and make it difficult for Denver to match.
Wow a busy morning  
est1986 : 2/10/2016 12:52 pm : link
Great lets turn it around ASAP I like it
In a way, these figures understate the savings.  
Big Blue Blogger : 2/10/2016 12:53 pm : link
Will Beatty was due a total of $13.5MM in 2016 and 2017. His total scheduled cap hit over those two years was $18.5MM. The $5MM difference represents his unamortized bonus, which is a sunk cost. The $13.5MM in salary and workout bonuses are now available to pay other players, including Beatty's replacement.

As JonC mentioned, the Giants can choose to spread the $5MM dead-money hit across 2016 and 2017 because Beatty has two years left on his contract (unlike Jon Beason, for example). The handling of the dead money affects the distribution of the savings across the two league years, but the aggregate saved is still $13.5MM either way. For Schwartz, the two-year savings is probably in the $7.5-8MM range.
RE: In 2007  
MOOPS : 2/10/2016 12:53 pm : link
In comment 12809250 Matt in SGS said:
Quote:
Reese's first move as GM was to cut high priced/injured players (Lavar Arrington, Luke Pettitgout, and to a lesser extent Chad Morton). Looks like he's doing the same thing here.



I remember reports of a shouting match between JR and TC over the Pettigout cut.
So basically about 58.14 58.93 m  
BlueRyder : 2/10/2016 12:53 pm : link
below the existing cap. (depending upon
wither its the total or the highest paid 51 players)

The question is, how many quality players will that buy?
RE: Jon  
est1986 : 2/10/2016 12:55 pm : link
In comment 12809273 Eric from BBI said:
Quote:
not sure why they would defer to post-June 1st. They have plenty of cap space now.


Won't be able to sign anyone we need post June 1st that money would end up rolling over and if that's the case why not cut him next year I hope we make a splash this offseason just can't see a fish out there that will make that splash
Eric: You do the post-June 1 thing because there's no reason not to.  
Big Blue Blogger : 2/10/2016 12:57 pm : link
Eric from BBI said:
Quote:
not sure why they would defer to post-June 1st. They have plenty of cap space now.

If, for whatever reason, they need the extra $2.5MM in 2016, they have it. If they don't need it, the money rolls over into 2017. I think there's a misconception that this kind of maneuver steals from the future. It's not theft; more like a no-fee credit line.
Eric  
JonC : 2/10/2016 12:58 pm : link
Just pointing out it's an option.
Can we sign players now?  
Bill L : 2/10/2016 12:58 pm : link
.
Cubed  
JonC : 2/10/2016 12:59 pm : link
well said, I didn't have the words.
RE: Eric: You do the post-June 1 thing because there's no reason not to.  
Brandon Walsh : 2/10/2016 1:02 pm : link
In comment 12809326 Big Blue Blogger said:
Quote:
Eric from BBI said:

Quote:


not sure why they would defer to post-June 1st. They have plenty of cap space now.


If, for whatever reason, they need the extra $2.5MM in 2016, they have it. If they don't need it, the money rolls over into 2017. I think there's a misconception that this kind of maneuver steals from the future. It's not theft; more like a no-fee credit line.


Great point, in essence, if they designate Beatty a post June 1st cut, and the team doesnt use the money, it would be rolled over to 2017 increasing their "adjusted salary cap" upward which would off-set the dead money that was now sent to 2017.
RE: Can we sign players now?  
Simms11 : 2/10/2016 1:02 pm : link
In comment 12809334 Bill L said:
Quote:
.


Only those that have been cut or are without contracts. Free Agency doesn't officially begin until next month.
A cautionary note...  
BamaBlue : 2/10/2016 1:04 pm : link
Remember the Eagles thought they bought the 'dream team' a few years ago. They had a lot of money to spend and they went out and got high salary guys. It was a disaster that cost Reid his job... that mess is still being cleaned-up.

The Giants should be very careful to get players that fit the roles the coaches set. It seems like the Eagles spent a lot of very good players who couldn't fit into the Eagles schemes.
Would anyone mind if we  
est1986 : 2/10/2016 1:05 pm : link
Gave Pierre Paul a contract now with all this money? No excuse we need him bad next season we have nobody else rushing the passer next year.
SGS  
Go Terps : 2/10/2016 1:07 pm : link
I'm not sure I'd take on any of the Denver free agents. How many times do we see Super Bowl free agents get overpaid and flame out?

I'd look instead at Michael Griffin types. Reasonably priced and, most importantly, hungry.
RE: A cautionary note...  
Simms11 : 2/10/2016 1:08 pm : link
In comment 12809358 BamaBlue said:
Quote:
Remember the Eagles thought they bought the 'dream team' a few years ago. They had a lot of money to spend and they went out and got high salary guys. It was a disaster that cost Reid his job... that mess is still being cleaned-up.

The Giants should be very careful to get players that fit the roles the coaches set. It seems like the Eagles spent a lot of very good players who couldn't fit into the Eagles schemes.


It's also how the Redskins got in trouble. They were always trying to patch up all their holes in Free Agency.
RE: A cautionary note...  
Matt in SGS : 2/10/2016 1:10 pm : link
In comment 12809358 BamaBlue said:
Quote:
Remember the Eagles thought they bought the 'dream team' a few years ago. They had a lot of money to spend and they went out and got high salary guys. It was a disaster that cost Reid his job... that mess is still being cleaned-up.

The Giants should be very careful to get players that fit the roles the coaches set. It seems like the Eagles spent a lot of very good players who couldn't fit into the Eagles schemes.


I see another 2005 type spree on the horizon.
RE: SGS  
Matt in SGS : 2/10/2016 1:12 pm : link
In comment 12809368 Go Terps said:
Quote:
I'm not sure I'd take on any of the Denver free agents. How many times do we see Super Bowl free agents get overpaid and flame out?

I'd look instead at Michael Griffin types. Reasonably priced and, most importantly, hungry.


Terps, the Giants are freeing that money up for something. The whole reason why McAdoo was kept around was to limit the transitions around Eli to get the best out of the remaining 4-5 years of his career. The Giants have a lot of holes to fill, so they need all the money they can get. But my assumption is that we are going to see them go after some defensive lineman in free agency and those guys don't come cheap.
fix the drafting and player  
mdc1 : 2/10/2016 1:14 pm : link
development so we are not vulnerable to used tire FAs that are no durable.

all good moves, time for a team makeover...
agreed matt in sgs  
area junc : 2/10/2016 1:26 pm : link
i see at least 4 cornerstone players added in free agency:

An impact Defensive Lineman...

...a big WR to take pressure off ODB...

...a pass blocking OT...

...and a FS to correct the McCourty whiff.

I think we take care of those first, and then start filling in where we can.
the ship has sailed  
area junc : 2/10/2016 1:28 pm : link
for not using $$$$ on UFA's. that is how thoroughly Reese has botched and mismanaged this roster. There is nobody coming up the pipeline. Cupboards are bare. We're almost an expansion team - particularly on D.
RE: The cap space comes with big roster holes too.  
geelabee : 2/10/2016 1:35 pm : link
In comment 12809271 BeerFridge said:
Quote:
So, my excitement is a bit tempered.


Roster holes??

The Giants just got rid of 3 unreliable over 30 year old players...who would have been roster holes as soon as training camp starts...good riddance...the Giants are better off saving those spots for young, hungry, talented players like 21 year old Bobby Hart...who will give the Giants a better chance of playing a full season for far less money...

I think these moves are a no brainer...

Area Junc: Whiff???  
Big Blue Blogger : 2/10/2016 1:38 pm : link
area junc said:
Quote:
i see at least 4 cornerstone players added in free agency:
An impact Defensive Lineman...
...a big WR to take pressure off ODB...
...a pass blocking OT...
...and a FS to correct the McCourty whiff.


That's an odd characterization from somebody who reacted this way to the prospect of the Giants paying up for McCourty a year ago:
Quote:
area junc : 3/8/2015 9:49 am : link
put the $$$ into the D-Line. Dont buy a bunch of DBs when your line stinks

Would much rather beef up the D-Line than throw a bunch of $$$ at McCourty or Rahim Moore

when u have a great front 7 it makes it much easier to play S

If only the 2015 Giants had added Jerry Hughes (and his five sacks)... - ( New Window )
Blogger  
area junc : 2/10/2016 1:43 pm : link
Yes - whiffed. The Giants offered him a huge contract and didn't land him.

My point is - I expect Reese to take another swing.
strange definition of whiff  
GMenLTS : 2/10/2016 1:44 pm : link
but ok.
With this much money  
Mike B from JC : 2/10/2016 1:54 pm : link
I expect at least 4 very good players in fa. Gipson or weddle are a must at s.Jenkins would fit in nicely at cb. Jackson at dt/de and trevathan at lb. Now there a need at ot so maybe Mitchell Schwartz. They also need a rb and a recieving and blocking te time to bring this team back to prominence.
always such an enigma  
I Love Clams Casino : 2/10/2016 1:57 pm : link
players playing in their contract year.

Exhibit 1. Von Miller - after he gets his money, does his play improve, stay the same, or decrease? The money says his play will decrease. What's the X factor on a new team if somebody outbids Denver? (not that this would happen)

I honestly hope the Giants eyes don't get big when looking at some of these FA's. I don't think they'll overbuy, it's never been the Giants way. I prefer stockpiling up on the "above average" FA's
Great day for the organization to correct Reese's mistakes.  
Dave in Hoboken : 2/10/2016 2:08 pm : link
.
I would hate to see this team spend it all on FREE AGENTS  
SGMen : 2/10/2016 2:15 pm : link
We have money, that is great. Lets sign our OWN first and foremost. Assuming the price is right Prince and JPP come to mind. The idea is both will stay healthy and play hard but that is a big if.

I'd hate for us to sign two or three mega deals and for these guys to come in and play "average" now that they have the really big money tucked away. Sorry, but look at SUH this year for Detroit - his worst year as a pro.
RE: Great day for the organization to correct Reese's mistakes.  
David in LA : 2/10/2016 2:16 pm : link
In comment 12809489 Dave in Hoboken said:
Quote:
.


So Reese isn't correcting his mistakes here?
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