The Giants presently have a CAP challenge in 2022. As per OTC the Giants have 42 players under contract and they are over the cap by $367,000
The Giants will have to release some players just to create enough cap space to sign rookies and to fill the roster.
There are players who will have to be cut so that the Giants can clear about $17,000,000 in required CAP space.
There are the obvious cuts i.e.,
Solder ($4M), Shephard ($4.4M), Rudolph ($5M) , Dixon ($2.8M) ,
Gates ($2.5M if unhealthy) Ryan $775,000 ( These would clear +/- $19.5 M in CAP space)
There will be some other high CAP players who may be restructured or cut to create even more space.
Blake Martinez, Bradbury, Golladay, etc.
While the Giants do not have an abundance of CAP flexibility it would appear that the Giants will be able to painlessly create enough space to function next year.
What is interesting is that the CAP cuts in 2022 have the consequential impact of creating about $120M of space in 2023.
The Giants will have a lot of significant decisions to make in 2023 with some key players becoming free agents.
But they should the ability to remake the roster.
I believe that the CAP situation is not as dire as many have suggested. There will be some pain next year, but the Giants will be set for 2023 and beyond ( 2024 Giants with the 2023 CAP savings, the Gaints will have over $220 M )
It should be noted that 2023 is projected to be a bumper year for free agents. For example this is an abbreviated list of free agents qbs , Stafford, Murray, Jackson, Carr, Grarappolo, Brady, Mayfield, Cousins, Jones.
The free agent class is strong and would give the new GM a chance to reload the team. With the right GM there may be a light at the end of the tunnel.
Thanks for clarifying your original post.
Solder: nothing to save. Next year has been voided contractually. Still on the hook for $4M.
Shep and Gates: what are CBA protections for releasing injured players?
Ryan: due to contract guarantees, your origna $775K is correct. No big savings this year.
Creating cap space will mostly be done by rolling 2022 debt into 2023, so the $120M you mention is significantly reduced, even if we don’t commit to anything more than one year deals for any FAs. Also second year contracts for this year’s draftees will be something over$17M, which is fine if we hit on our draft picks
So hopefully 2023 will be better, but there are limits.
It is $775,0000
minus the cost of signing a new punter
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Will free up almost 3 million.
minus the cost of signing a new punter
Average punter salary is 1.5. Amazing Dixon is in the 10 ten highest paid punters. Surely can get someone for far cheaper .
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In comment 15555554 terz22 said:
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Will free up almost 3 million.
minus the cost of signing a new punter
Average punter salary is 1.5. Amazing Dixon is in the 10 ten highest paid punters. Surely can get someone for far cheaper .
ok, so cutting Dixon will probably net around 1M....still worth doing
The Giants cap situation is pretty simple. In 2022 it's a mess and really bad with no space. Hopefully a new GM will be smart enough to play out 2022 without pushing very much money, if any at all, into 2023 and beyond. If a new GM leaves the big money contracts alone in 2022 the Giants will have no issues cutting any of the high priced players before 2023 and the dead money will be very manageable. As of this moment the Giants are in cap hell for 1 year - 2022. They have 9 draft picks and free agency to fill their roster for 2022 without making their cap situation worse.
There are a couple of players who it might make sense to restructure. Leonard Williams being the most obvious. His cap number is huge in 2022 and if he stays healthy extending his money out 2 years shouldn't be punitive. But if the Giants don't touch his contract and want to cut him after the 2022 season it would save them 10 million against the cap.
There are other contracts that could be short term fixes that turn into long term pain. Golladay being the most obvious of them. Example:
In 2023 the Giants owe Golladay no guaranteed money. Zero. His cap number is 21 million though. His salary is 13 million, he has a 4.5 million roster bonus and a 3.5 million prorated signing bonus. If the Giants leave his contract alone in 2022 and cut him after the 2022 season they would owe him no money at all and only the 3.5 million prorated signing bonus would count against the cap. So cutting him would save 18 million from his 21 million cap number. That's why I'm hoping they don't touch his contract. If he has another year like 2021 he's an easy cut. If he has a good 2022 then they can restructure him.
I'm going to have faith that smart people are about to take over the Giants. If that's the case there is only a 1 year cap issue.
Unfortunately few , if any, will bring back 1st or 2nd rounders by trading; maybe not even 3rds.
And who, cut, will want to come back at a significant salary cut, since many of those were rumored loyal to Judge and invited to his beer and pizza bash.
When you're looking at the Giants salary cap and cutting players or players coming off the books you have to look at both the cap savings and the dead money it creates. That's how you can tell if letting a player go saves money or costs money net vs the cap. Kyle Rudolph has a 7.5M cap number for 2022. 5M salary and 2.5M prorated signing bonus. If the Giants cut him before the 2022 season his 5M salary comes off the cap his 2.5M does not.
The 2021 Eagles set the NFL record for dead cap money in one year with 62 million and still made the playoffs. So there are different ways different teams approach things.
The NFL already assumed a significant increase for 2022 due to the reasons you mentioned and already incorporated in the estimates. There might be a small increase, hopefully!
Kyle Rudolph has a 7.5M cap number for 2022. 5M salary and 2.5M prorated signing bonus. If the Giants cut him before the 2022 season his 5M salary comes off the cap his 2.5M does not.
So the $7.5 M becomes 2.5M cap hit for 22, and you’ve opened up 5M in cap space in your example.
Its already been set
NFL Network is reporting that the NFL salary cap is expected to reach $208.2 million in 2022, confirming that the salary cap will reach the max threshold agreed to by the NFL and NFLPA back in May.
2023 is when the big money TV deals kick in.