The Giants had ~23.5 mil before the Ogletree deal.
They can get to close to 33 mil in cap space by cutting Marshall (5.15 mil), Jerry (2.525 mil), Harris (2.45 mil), and Armstrong (1.237 mil)
Ogletree has a base salary in 2018 of 3 million. His 7 mil roster bonus due on March 18th will LIKELY be converted into a signing bonus, which will be prorated over 4 years, 1.75mil per year. With that, Ogletree will have a cap hit of 4.75 mil in 2018.
They have placed a 2nd round tender on Brett Jones, for 2.9mil.
After accounting for Ogletree/Jones, they are just under 26mil in cap space.
If they opt to sign Norwell, he will cost around 12 mil per year, giving the Giants around 14mil in cap space after accounting for him.
The 1st (5.7 mil) and 2nd round (1.3 mil) picks will cost about 7 mil against the cap in 2018, minus about 1 mil when you account for the fact that these guys will take the spot of 2 guys on the back-end of the roster currently counting against the top 51 contracts.
The rest of the picks will only cost the Giants a couple hundred thousand as the cap hits for those will not be significantly higher than the cap hits of guys on the back-end of the roster currently counting against the Top 51 contracts who they will replace.
So after likely cap cuts, Norwell, Ogletree, and accounting for draft picks, the Giants will have about 7 or 8 mil leftover to spend in FA, although this number could be higher if the Giants structure Norwell's deal to have a lower cap hit in 2018 or if they restructure a couple of guys.
If the Giants want to sign someone that badly they will find a way
In 2008 the cap was $116 million dollars. Five years later in 2013, the cap had risen to $123 million. That's an increase of $7 million dollars.
Five years later, in 2018, the cap is $177 million dollars. That's an increase in $54 million. That's an increase of 44 percent. Not many players a team wants to keep are forced to leave because of the cap anymore.
With Manning's largest cap hit coming off this year or next, probably to be replaced by a rookie contract, that's a lot more space. If Manning is back next season, the team can borrow from next year knowing that Manning will be gone in 2019.
I like this article on the NFL in this new age of the cap.
In the past six years, the cap has exploded from $120 million to $167 million. In the past four seasons, it rose a minimum of $10 million a year. Meanwhile, after the 2011 collective bargaining agreement, rookie contracts became significantly cheaper, and opened up even more cap space.
The competitive balance of the league is changing drastically because of it, and the market for players has become more complicated than ever before.
Sorry to anyone who has already seen the article. I won't post it again.
The Effects of the Rising Salary Cap - ( New Window )
He mentioned that they could have more depending on how they structure Norwell, I think he was just accounting for the highest possible end of a variable number.
Ultimately I think this analysis is pretty spot on. I suspect they will sign one of Norwell/Solder and then a second OL with versatility like Chris Hubbard so they can pick whatever position OL lines up with value in whatever round they decide to do so. Whether it's Nelson at RG or a Crosby/Jones type in round 2. Etc.
Then use whatever money is left for some depth signings. I expect Bettcher will add a few guys he's coached before like a la Karlos Dansby. Maybe a slot CB. Or maybe DG will bring in a rotational vet like Lotulelei.
Get all that done and there's a lot of flexibility for the draft. QB, Barkley, Nelson, Chubb, trade down - all on the table.
Quote:
Ultimately I think this analysis is pretty spot on. I suspect they will sign one of Norwell/Solder and then a second OL with versatility like Chris Hubbard so they can pick whatever position OL lines up with value in whatever round they decide to do so. Whether it's Nelson at RG or a Crosby/Jones type in round 2. Etc.
Then use whatever money is left for some depth signings. I expect Bettcher will add a few guys he's coached before like a la Karlos Dansby. Maybe a slot CB. Or maybe DG will bring in a rotational vet like Lotulelei.
Get all that done and there's a lot of flexibility for the draft. QB, Barkley, Nelson, Chubb, trade down - all on the table.
I could definitely see another OL added in FA and a guy like Dansby or Kevin Minter at LB, both guys who Bettcher has coached and will not cost much. Also, a slot corner like Patrick Robinson is a possibility.
When all is said and done, if you only count the top 45 contracts including the draft picks and their cap hits, and Norwell, Jones, Ogletree and their projected cap hits, the Giants will have about 14-15 mil (if not more depending on restructures and Norwells deal) to spend on free agents to fill out the roster.
So, 14 mil for 6 players. Its not completely accurate, but just a guess at this point. Thats a solid number, you can probably get 3-4 vets around the league min, and still have 6 or 7 mil to spend on 2 other players (guys like Hubbard, Robinson)
increase the NFL add to the salary cap this year? The article lists all the teams and the space they have (I think?).
Link - ( New Window )
Bingo. He'll likely get a 6 or 7 year deal with the signing bonus spread over the length of the contract.
BM comes back on a 1-2m deal.
BM comes back on a 1-2m deal.
If he gets more than vet min I'b be surprised. No one out there would give him more than that if he were a FA.
Is he even worth the roster spot?