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Golliday contract questions

MeanBunny : 9/23/2022 10:38 am
I saw that Leonard Williams, another insane Gentleman signed(money-wise) was restructured during training camp. That freed up a lot of cap space. The bulk of his money is a signing bonus(some accounting shenanigan to get his salary down to 1.7 million.)
Did Golliday get approached to do.something similar. Was that an option for the Giants with this albatross contract? And if he was approached to restructure and he told the Giants "no" then I am guessing they are trying to make a hostile, bad work environment -enough that he quits? He is done after this season(with less dead cap hit after this year) but I also guessing he won't be part of the scheme for the future so they are gonna use him as some 25 million dollar paperweight?
They don't need to ask for permission  
rasbutant : 9/23/2022 10:41 am : link
They are allowed to move the money around if they want to.

I’m not a cap expert  
RCPhoenix : 9/23/2022 10:44 am : link
But restructuring KGs contract would involve pushing dead cap money into the future. They have no intention of kicking the can down the road with him.

Most likely scenario is he’s cut after this season
Shenanigans  
MeanBunny : 9/23/2022 10:48 am : link
OK so restructure just allows the hit to be passed down the line. Unreal how bad Gentleman was. A total bust in talent acquisition AND financial
...  
christian : 9/23/2022 10:49 am : link
We know from reporting Williams's contract stipulated the Giants could convert salary to bonus at their discretion.

Given the size of Golladay's, we can assume that's the case, but that's not been reported.

The reason the Giants opted for Williams is simply because his salary was bigger (18M), and allowed them to free more 2022 cap space.

Golladay has aa 13M salary, so the Giants would have freed less money by restructuring his deal.

Keep in mind, the only difference for the player is getting the money upfront vs. installments. All of Golladay's salary is guaranteed in 2023.
I know the June 1 cut date has some significance but can the Giants  
Ivan15 : 9/23/2022 10:51 am : link
Hold off on releasing Golladay next year until after the first round of free agency? Is there any advantage to the Giants? Clearly, there would be a disadvantage to Golladay.
RE: I’m not a cap expert  
christian : 9/23/2022 10:52 am : link
In comment 15828387 RCPhoenix said:
Quote:
But restructuring KGs contract would involve pushing dead cap money into the future. They have no intention of kicking the can down the road with him.

Most likely scenario is he’s cut after this season


1) The Giants created dead money against Williams in his restructure

2) The name attached to the dead money is simply a balance sheet technicality, adding more dead money to Golladay's name doesn't matter vs. Williams (remember he already has a void year in 2025, and amortized bonus money that will accelerate if he's cut)
RE: I know the June 1 cut date has some significance but can the Giants  
christian : 9/23/2022 10:57 am : link
In comment 15828401 Ivan15 said:
Quote:
Hold off on releasing Golladay next year until after the first round of free agency? Is there any advantage to the Giants? Clearly, there would be a disadvantage to Golladay.


If the Giants designate Golladay is a June 1 cut in 2023, they would save 13M on the 2023 cap (with 3.4M in dead money in 2023 from his signing bonus).

In 2024 Golladay would have a dead money hit of 6.8M -- which would be the remainder of his original signing bonus.

He would be free to sign elsewhere the moment he's released. It's the Giants who would not be able to spend that money until June 1.
Unlikely scenario  
Chip : 9/23/2022 10:59 am : link
He takes a 9 million dollar paycut which saves them more than cutting him against the cap. I suspect neither side wants this.
Imagine Gettleman giving OBJ $18M per year just to trade him  
90.Cal : 9/23/2022 11:06 am : link
Then turning around and giving Golladay $18M per year... not to mention making Solder the highest paid OL in the NFL... talk about trying to ruin us
RE: Shenanigans  
Mike in Long Beach : 9/23/2022 11:14 am : link
In comment 15828393 MeanBunny said:
Quote:
OK so restructure just allows the hit to be passed down the line. Unreal how bad Gentleman was. A total bust in talent acquisition AND financial


Yup. As others have said, a re-structure is a good move when you need the money now and don't need it later, but also anticipate the player in question will be part of your plans. Unless something very dramatic happens, the coaching staff (rightfully so) appears to have no interest in keeping Golladay on the team any longer than they have to, so there's no incentive to "defer the payments," so to speak. Just rip the bandaid off now while he's here and do your best to plug and play around the issue.
The only time  
PaulN : 9/23/2022 11:15 am : link
A player is involved is when they are asked to take a pay cut, maybe the Giants did ask him that. Maybe this is why they are fucking him. I don't blame them, nor do I blame the player. We all understand Gettleman fucked this situation up.
44+ million in dead cap space this year!  
Daniel in Kentucky : 9/23/2022 11:21 am : link
If we cut Golladay next year which seems to be a foregone conclusion we will have 62+ million in cap space. That with only Daniel Jones, Barkley, and Love having significant contracts expiring. Next offseason should be exciting to say the least.
RE: RE: I know the June 1 cut date has some significance but can the Giants  
Payasdaddy : 9/23/2022 11:30 am : link
In comment 15828410 christian said:
Quote:
In comment 15828401 Ivan15 said:


Quote:


Hold off on releasing Golladay next year until after the first round of free agency? Is there any advantage to the Giants? Clearly, there would be a disadvantage to Golladay.



If the Giants designate Golladay is a June 1 cut in 2023, they would save 13M on the 2023 cap (with 3.4M in dead money in 2023 from his signing bonus).

In 2024 Golladay would have a dead money hit of 6.8M -- which would be the remainder of his original signing bonus.

He would be free to sign elsewhere the moment he's released. It's the Giants who would not be able to spend that money until June 1.

We should have plenty of money so June 1 date won’t be significant
RE: I know the June 1 cut date has some significance but can the Giants  
Hades07 : 9/23/2022 11:31 am : link
In comment 15828401 Ivan15 said:
Quote:
Hold off on releasing Golladay next year until after the first round of free agency? Is there any advantage to the Giants? Clearly, there would be a disadvantage to Golladay.
I would be surprised if the Giants did this. They are more likely to release him early with a post June 1st designation. I don't think the Giants want to put them selves in a position where available FAs feel the team will attempt to put them in a bad position for the team's own small benefit if things don't work out after a couple of seasons.
RE: Imagine Gettleman giving OBJ $18M per year just to trade him  
Joe Beckwith : 9/23/2022 12:15 pm : link
In comment 15828431 90.Cal said:
Quote:
Then turning around and giving Golladay $18M per year... not to mention making Solder the highest paid OL in the NFL... talk about trying to ruin us


Ownership , likely just Maras, signed off on the attempt at short term fixes to win, and finally saw the light(likely Tisch making major complaints) after the series of failed attempts.
...  
christian : 9/23/2022 12:16 pm : link
I suspect the Giants will simply release Golladay next year. Very much like they did Logan Ryan this year.

Releasing him will have about net -1.5M impact on the 2023 cap, but will open up about 18M in 2024 cap space.

The Giants won't have the in-year cap issues in 2023 they've had the last two years.

And clearing 2024 cap space will help Schoen manage his budget for multi-year deals.
More on Golladay, but mostly not on his contract:  
81_Great_Dane : 9/23/2022 3:33 pm : link
"What's going on with Kenny Golladay?" was the most obvious Giants story angle after Sunday. I'm sure every sports editor and beat reporter was after that story. So KG himself spoke up, and that satisfied the editors and most of the reporters, at least for now. I think the organization is smart not to talk about the issue in the press for now, but I don't think we really know what's going on with him. Has he lost his drive, so he's uninterested? Apparently that hasn't happened, if we are to believe what he says. Is he too limited by his past injuries to perform? Maybe. Is he a poor scheme fit for this offense? Probably.

Whatever is going on, it's up to KG and the coaching staff to figure out how he can best contribute. If he's lost speed, can he win jump-ball plays? Is there a role for him? If so, is he willing and able to perform that role?

It's close to impossible at this point that he'll earn the money he's being paid. But KG and the Giants are stuck with each other for a while because of that contract, so it's to everyone's advantage to find something he can do to help the team win. He says he wants to play. Great! Now what?
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