Cap tidbit: when Andrew Thomas restructured his deal they bought injury insurance (same with Burns and Dex), so the Giants will pick up a few million for next year for the 11 games he's missing.
The insurance coverage stuff is relatively new in the NFL, so I don't know 100% how it works, and the Giants have done much of. It came up last year a few times because the Jets didn't buy it for Rodgers.
Should be an interesting new cap mechanic to learn about.
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The article linked describes it as cap rollover for 2025.
Of top importance is the cap ramifications. From a cap perspective, the premiums are free, while payouts increase the cap...IF that's a correct interpretation. IF so, we now have more money to spend. In spite of the article, I'm a bit skeptical.
Why wouldn't teams insure more? Sounds like the premiums are pricey and while they don't affect the cap, the cost eats into profit.
Not now, the credit will apply to the 2025 cap. It will be a percentage of the salary paid to AT for the games that he misses. We don't know the percentage.
And presuming there is insurance, as the OP states.
And presuming there is insurance, as the OP states.
I think the math on this one is pretty straightforward. Thomas has a 10M salary on 2024, and there is a 10M policy. So I imagine the pro-rated remainder is fully covered. At around ~6.5M.
In these cases, teams can get disability policies for players. They come with big deductibles and really only cover the team in the event of a season- or career-ending injury. They are also expensive, so teams don’t insureeveryone on their payroll — just the top players.
I'm pretty sure that thread was more curious about whether the Giants had done so for DJ specifically (especially since he missed most of last season), and not "whiny" about the Giants in general (in fact, I thought there were some who noted that the Giants had taken out insurance on Thomas and Lawrence).
But even if it was, why shouldn't Giants fans be tired of their rivals finding loopholes that our own front office doesn't seem to utilize to the same degree? Those are legitimate advantages, or at least opportunities for advantage.
There is another report on ESPN that also says this. It said the Eagles and 49ers did it much more, Eagles reportedly had insurance on 16 players. Meanwhile this was supposedly one of the first times the Giants ever have done this (there is no way to look this up, reporters can just ask their "insiders", and see if they'll talk).
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Yes, you do get cap space back (although not the same year). Giants will get a credit towards their 2025 cap.
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about insurance last summer because the Eagles and a few other teams did it, but posters didn't think the Giants did?
I'm pretty sure that thread was more curious about whether the Giants had done so for DJ specifically (especially since he missed most of last season), and not "whiny" about the Giants in general (in fact, I thought there were some who noted that the Giants had taken out insurance on Thomas and Lawrence).
But even if it was, why shouldn't Giants fans be tired of their rivals finding loopholes that our own front office doesn't seem to utilize to the same degree? Those are legitimate advantages, or at least opportunities for advantage.
Yeah, it was pretty whiny. Some points were valid, yes. Others merely pot shots. But, that is my opinion.
Glad they did do this.
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Not now, the credit will apply to the 2025 cap. It will be a percentage of the salary paid to AT for the games that he misses. We don't know the percentage.
And presuming there is insurance, as the OP states.
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The Giants, who have insured very few players in the past, renegotiated the contracts of pass rushers Dexter Lawrence II and Brian Burns and left tackle Andrew Thomas this offseason to add insurance addendums for $10 million for the 2024 season.
I think the math on this one is pretty straightforward. Thomas has a 10M salary on 2024, and there is a 10M policy. So I imagine the pro-rated remainder is fully covered. At around ~6.5M.
Both Lawrence and Burns have base salaries less than $10M for 2024. So if they are insured for $10M, their insurance can't be predicated on base salary alone. And if it's not for them, then I don't think we can presume it is for Thomas either.
I would revise my previous statement to read that NYG's insurance credit for AT will be a percentage of his 2024 compensation attributed to the games that he misses. That percentage might be 100% or it might not.
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about insurance last summer because the Eagles and a few other teams did it, but posters didn't think the Giants did?
I'm pretty sure that thread was more curious about whether the Giants had done so for DJ specifically (especially since he missed most of last season), and not "whiny" about the Giants in general (in fact, I thought there were some who noted that the Giants had taken out insurance on Thomas and Lawrence).
But even if it was, why shouldn't Giants fans be tired of their rivals finding loopholes that our own front office doesn't seem to utilize to the same degree? Those are legitimate advantages, or at least opportunities for advantage.
YEs I was one of the fans questioning or bitching. I am glad to learn the Giants are doing this.
1/it seems to me the Giants have an insurable interest in Jones' availability (viz. AT), can they/did they insure against the risk that his guarantee might be drawn, and thus not available to play--fact that FO might be contemporaneously or subsequently of the view that they won't want him on the roster not relevant for this purpose; and
2/ if such conditional insurable interest has given rise to payment of premium, could that give rise, whether '25 or '26 to a player cap offset? That seems unlikely but I'm spitballing here.