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Giants restructure RG Chris Snee again?

Anakim : 9/30/2013 1:10 pm
Gain 1.25 million in cap space
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So when he is cut after this season will next years cap hit be more?  
Giants Fan in Steelers Land : 9/30/2013 1:12 pm : link
.
He needs to REtire after the season  
jeff57 : 9/30/2013 1:13 pm : link
.
yes, it seems like around $5M of dead money  
nyynyg : 9/30/2013 1:13 pm : link
if we cut him per the article.
Whiskey tango foxtrot!  
jcn56 : 9/30/2013 1:13 pm : link
.
jeff, why would he retire  
nyynyg : 9/30/2013 1:14 pm : link
the guy did not defer income twice this year to leave it all next year. he needs to make the living for his family as well.
Optimus has been saying this was going to happen  
YAJ2112 : 9/30/2013 1:15 pm : link
whenever we needed cap money. I'm guessing it's tied to Will Hill coming back/possibly signing a new kicker.
Major dead money to be eaten...  
rptl530 : 9/30/2013 1:15 pm : link
next year. No way around it.

I thought a player could  
pjcas18 : 9/30/2013 1:17 pm : link
only restructure once in a 365-day time frame. Is there some qualifier I am missing or am I totally wrong on that?
Retire because of his health  
jeff57 : 9/30/2013 1:17 pm : link
.
pj  
robbieballs2003 : 9/30/2013 1:18 pm : link
Pay cuts can happen whenever.
It would seem that Snee and Baas will be virtually uncuttable, no?  
Anakim : 9/30/2013 1:29 pm : link
With those giant cap hits, it makes them less likely to be released. If that's the case, the only guy who will get replaced on this starting O-Line is Boothe, who is an UFA at the end of the year.
Optimus explained on another thread  
BillT : 9/30/2013 1:29 pm : link
They need more cap space to get Will Hill active and possibly to IR someone. It's not that big a deal. There is always some dead money and the Giants are in good enough cap shape next year to absorb it.
Two questions:  
Giants Fan in Steelers Land : 9/30/2013 1:30 pm : link
What is his cap hit if released vs staying on the team?

If he retires does that clear his entire cap hit?
Anakim  
BillT : 9/30/2013 1:31 pm : link
No. They aren't. Cutting Baas would net them 1.7 mil and for Snee looks like it will be somewhere near a wash. It was a net +1 mil before this.
Anak...  
rptl530 : 9/30/2013 1:31 pm : link
there is a net "savings" by cutting Baas and Snee but it's going to cost nearly $11m in dead money on the cap by doing so.

Unfortunately, it has to be done.
Anakim, if his number is 4.5 if cut,  
Giants Fan in Steelers Land : 9/30/2013 1:31 pm : link
thats probably better than having him on the roster at 11.5.
Bill  
Anakim : 9/30/2013 1:32 pm : link
But the Baas hit would be upwards of 6 million, no? That's a big cap hit!
If he were to be IRed next year...  
Damon : 9/30/2013 1:32 pm : link
would they still eat the 5 mil if they reach an injury settlement?
wow  
mattlawson : 9/30/2013 1:33 pm : link
Snee’s cap next year should be $11.75 million with a dead money charge of $4.5 million if released
I hope they  
Paul in Brooklyn : 9/30/2013 1:34 pm : link
restructured him into retirement. Snee has been a poor player for the last 4.5 years.
Ah gotcha  
Anakim : 9/30/2013 1:34 pm : link
Alright. Makes sense. Enjoy your last year with Big Blue, Snee!
I've been saying this was going to happen if they needed more cap room  
Optimus-NY : 9/30/2013 1:35 pm : link
pjacs - You misunderstand that rule. It only applies to salary increases. This is a decrease in paragraph 5 money. Players can restructure their contracts multiple times in a season. QB Matt Flynn is an example, as Joel Corry pointed out to me. Flynn has already restructured his contract two times since being traded to the Raiders this off-season.

A player can restructure his contract multiple times in a season. Matt Flynn has restructured his contract twice since his trade to Oakland.
Acually I'm wrong about Snee  
BillT : 9/30/2013 1:35 pm : link
Cutting him next year leaves about 5 mil in dead space but nets +6 mil or so. His 2014 salary is 11+ mil.
so we are going to suck next year too  
spike : 9/30/2013 1:37 pm : link
with little cap space.
Anakim  
BillT : 9/30/2013 1:37 pm : link
Cutting Bass next year would net +1.7 mil and leave 6.4 dead money.
Spike  
BillT : 9/30/2013 1:37 pm : link
Wrong. Optimus has said we'll have 20 mil or so next year at least.
...  
adcliff : 9/30/2013 1:40 pm : link
Was this his body or his contract?
Man...  
Optimus-NY : 9/30/2013 1:48 pm : link
I've got some work to do on my cap blog now...I was looking forward to chilling today...Guess not, lol.
BillT, thats correct and I think thats assuming  
Giants Fan in Steelers Land : 9/30/2013 1:51 pm : link
Nicks gets franchised and Joesph signs
adcliff,  
Curtis in VA : 9/30/2013 1:52 pm : link
hahaha.
Here you go mongos...  
Optimus-NY : 9/30/2013 1:56 pm : link



Chris Snee's contractual breakdown courtesy of overthecap.com - UPDATED as of 9/30/2013 - ( New Window )
great  
Eric from BBI : Admin : 9/30/2013 2:03 pm : link
more dead money.

Why not go to Eli or someone else who will be here.

Snee had better not be here in 2014 taking up $11 million in cap space.
Eric.  
Optimus-NY : 9/30/2013 2:05 pm : link
I don't think Snee will be here next year. This is just further proof of that. If his hip continues to vex him I'd wager that he calls it quits after the season.
They're saving Eli's savings for his extension this coming  
Optimus-NY : 9/30/2013 2:06 pm : link
off-season. This move for Snee was just for the sake of getting by with respect to regular season operational purposes only.
Since Snee is a member of Coughin's family  
Reese's Pieces : 9/30/2013 2:06 pm : link
he would retire instead of being cut. Like a general or cabinet member being told that he was being canned but given the option of resigning instead of being fired to save face.
if he gets 11mio next year  
hitdog42 : 9/30/2013 2:08 pm : link
then their should be a fcking investigation as that would be the worst 3yr span of a player making that kind of money to ever play out his entire contract. he sucks... he sucked last year, and he wasnt very good the year berforfe
If they IR him...  
Damon : 9/30/2013 2:08 pm : link
And reach injury settlement essentially waiving him into retirement... how would that effect the cap number for next year?
All signs are pointing  
Matt in SGS : 9/30/2013 2:09 pm : link
to Snee retiring after this season. I wouldn't be shocked if he fails the physical next year so he is able to at least say that his body couldn't hold up anymore. We've seen it before with his former linemates, O'Hara and Seubert.
I realize that  
santacruzom : 9/30/2013 2:12 pm : link
the Bleacher Report is largely staffed by paint huffers, but is this entirely inaccurate? It says we can have near 30 million in cap space next year!
How Giants Can Retool - ( New Window )
If the Giants cut Snee  
BigBlueBuff : 9/30/2013 2:14 pm : link
they would still come out ahead in 2014. There would be some dead money, but also significant cap savings.
The only way this makes any sense is if they know he's going  
Riggies : 9/30/2013 2:15 pm : link
to retire.

Otherwise... yuck.
Even if he retires  
JonC : 9/30/2013 2:17 pm : link
the remaining prorated bonus is still applied to the '14 cap, correct?
If  
AcidTest : 9/30/2013 2:28 pm : link
he retires, my understanding is that we still have to eat the rest of his bonus as dead money.

The Giants had to do this with Hill coming back, and the prorated portion of his salary counting against the cap. No other option, since they were only $60K under the cap.

It doesn't mean Snee will be here next year. I think he retires rather than be cut, and there will still be a net savings since we won't pay his $7.25M salary. We also have to cut Baas, even though it will mean a $6.45M cap hit. But I think there might be a net savings even with releasing him.
Can someone explain how retiring works vs just being cut?  
Giants Fan in Steelers Land : 9/30/2013 2:33 pm : link
.
If Snee were to retire  
LIGMenFan : 9/30/2013 2:46 pm : link
wouldn't the Giants be able to split the remaining amount of pro-rated bonus money over two years if they list him as a post June 2014 move?
What is Reese doing?  
Steve in South Jersey : 9/30/2013 2:52 pm : link
I think that is a terrible decision.
Some of you are a joke  
Rflairr : 9/30/2013 3:08 pm : link
All I use to hear was praise for Abrams and how he handles the cap. Now you seem to think he's a damn fool
Matt has it .  
TMS : 9/30/2013 3:09 pm : link
Snee will be following the same pattern as O'Hara and Seubert.
They were going to eat money w Snee anyway.  
LauderdaleMatty : 9/30/2013 3:15 pm : link
This is more of a book keeping move.

At least Snee used to be one of the best at his position. Can't say that for Baas or Beatty whom the Giants are into for big $$$.
It seems odd that the Giants  
AnnapolisMike : 9/30/2013 3:15 pm : link
would go back to Snee....They must think his injuries are significantly affecting his performance and expect him to be better next year.

It is surprising that Snee has been so bad. He is not old enough to have really hit the wall from an age standpoint.
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