Pat Leonard
@PLeonardNYDN
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1m
The Giants have signed K Graham Gano to a 3-year contract extension. Should help them free up some cap space this season. Was in the plans for a while
Graham Gano becomes a free agent in February at the age of 36. He is a valuable team captain who will have earned over $40 million lifetime at season's end.
No Giants fan wants to see Gano leave. He has been reasonable in his prior negotiations and I think we could all agree as fans that we would like to see his time as a Giant extended a few more years.
Mike Garafolo
@MikeGarafolo
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22m
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#Giants K Graham Gano gets $16.5 million over three years on his contract extension, source says. A little more than $11.3 million fully guaranteed. Money in the bank for a money kicker.
Dan Duggan
@DDuggan21
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2m
Replying to
@DDuggan21
Will be curious to see how this impacts the cap. There wasn’t a ton to work with to lower his cap hit this year. His salary was $3.75M, that can be lowered to $1.165M as part of the extension. But assuming there’s a signing bonus, there’s probably not going to be much savings.
Dan Duggan
@DDuggan21
·
2m
Replying to
@DDuggan21
Will be curious to see how this impacts the cap. There wasn’t a ton to work with to lower his cap hit this year. His salary was $3.75M, that can be lowered to $1.165M as part of the extension. But assuming there’s a signing bonus, there’s probably not going to be much savings.
Why would Schoen extend him right now for no cap savings?
Dan Duggan
@DDuggan21
·
2m
Replying to
@DDuggan21
Will be curious to see how this impacts the cap. There wasn’t a ton to work with to lower his cap hit this year. His salary was $3.75M, that can be lowered to $1.165M as part of the extension. But assuming there’s a signing bonus, there’s probably not going to be much savings.
Why would Schoen extend him right now for no cap savings?
Why would we extend one of the best kickers in the league? Ummm going to go out on a limb and say... so we have one of the best kickers in the league signed long term?
Dan Duggan
@DDuggan21
·
2m
Replying to
@DDuggan21
Will be curious to see how this impacts the cap. There wasn’t a ton to work with to lower his cap hit this year. His salary was $3.75M, that can be lowered to $1.165M as part of the extension. But assuming there’s a signing bonus, there’s probably not going to be much savings.
Why would Schoen extend him right now for no cap savings?
Why would we extend one of the best kickers in the league? Ummm going to go out on a limb and say... so we have one of the best kickers in the league signed long term?
Not why would we extend him. Why would we extend him now when we need cap room if there's no cap savings?
he got a third chance in Green Bay. I still can't believe he was short on the kick against Philly in 2012.
Luck is the time when preparation and opportunity meet..
To be fair, Tynes is the only kicker to have two game winning field goal in OT in the playoffs (both in NFC championship games). The winning FG at GB was the first time a visiting kicker made a FG of 40 yards or more at Lambeau in the playoffs. And it was in probably the 3rd coldest NFL game ever. He made 3 of 5 FGs that day kicking a brick.
From Ben Agajanian and then Pat Summerall in the 1950s, and Don Chandler and Pete Gogolak in the 1960s. Then a succession of kickers in the 1980s and onward.
Unfortunately, they didn’t stay in NY for many years. Agajanian was here for 5 seasons and Summerall and Gogolak stayed around for a while. If Gano stays for the full contract, he may have longevity.
Gano extension was a no-brainer. Proly around $2M in cap savings. Tyrod Taylor is another guy that they can fiddle around with (slight extension) and get some more cap savings. Glowinski's contract can also be played with to create added cap room. They most likely don't want to touch Leo or Adoree's contracts.
cap savings. You should almost never refuse to extend a player because of cap hit. Your decision should be based only on whether they are worth the additional cash you are promising them and if now is the right time (based on minimizing that cash number, properly accounting for injury risk, overall team dynamics, etc.). The cash you have paid, are paying, and have promised to pay matter immensely. Cap savings is meaningless. Just move someone else's money around if you have to.
cap savings. You should almost never refuse to extend a player because of cap hit. Your decision should be based only on whether they are worth the additional cash you are promising them and if now is the right time (based on minimizing that cash number, properly accounting for injury risk, overall team dynamics, etc.). The cash you have paid, are paying, and have promised to pay matter immensely. Cap savings is meaningless. Just move someone else's money around if you have to.
cap savings. You should almost never refuse to extend a player because of cap hit. Your decision should be based only on whether they are worth the additional cash you are promising them and if now is the right time (based on minimizing that cash number, properly accounting for injury risk, overall team dynamics, etc.). The cash you have paid, are paying, and have promised to pay matter immensely. Cap savings is meaningless. Just move someone else's money around if you have to.
this is a misunderstanding of why gano's cap # was what it was in the first place. this decision to extend didnt start today, it started 2 offseasons ago:
2. they chose to restructure gano last year precisely because they viewed him as a good enough player that he might be a candidate they wanted to extend this year. they restructured gano in march, before they were forced to tap into adoree jackson (april) or leonard williams (sept) contracts for more cap room.
3. they got through 1 full season and an entire camp with him doing enough on the field to prove their prediction correct, so they extended him. of course him being a good kicker they wanted on their roster was the essential factor in that decision, as it was last year when they restructured him in the first place.
his new contract has 11.3m guaranteed in it. his prior 2023 salary was 3.75m this year which he was almost certain to receive, so the new deal is a net increase of 7.55m guaranteed for 2 more years after this one. they are expected to save $2m against the cap this year.
post-jones, the alternatives to create that kind of cap room would have been to guarantee williams or jackson 4-5m, spreading half of that to next year, but getting no new years of those players under contract. paying gano a little more to keep a quality kicker for 2 more years seems like an obviously better decision than putting almost the same amount of money on future caps and getting no new years, right?
@PLeonardNYDN
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1m
The Giants have signed K Graham Gano to a 3-year contract extension. Should help them free up some cap space this season. Was in the plans for a while
Y28 : 9/4/2023 10:10 am : link : reply
Graham Gano becomes a free agent in February at the age of 36. He is a valuable team captain who will have earned over $40 million lifetime at season's end.
No Giants fan wants to see Gano leave. He has been reasonable in his prior negotiations and I think we could all agree as fans that we would like to see his time as a Giant extended a few more years.
Matt Bahr and Lawrence Tines beg to differ...
Quote:
The best kicker in Giants history.
Matt Bahr and Lawrence Tines beg to differ...
Tynes? Come on man.
Quote:
In comment 16196019 Jay on the Island said:
Quote:
The best kicker in Giants history.
Matt Bahr and Lawrence Tines beg to differ...
Tynes? Come on man.
Crap! Was worried about Bahr...my bad
@MikeGarafolo
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22m
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#Giants K Graham Gano gets $16.5 million over three years on his contract extension, source says. A little more than $11.3 million fully guaranteed. Money in the bank for a money kicker.
5/10 from 50+ - 50%
Gano 3 years 91.8 FG%
20/25 from 50+ - 80%
@DDuggan21
·
2m
Replying to
@DDuggan21
Will be curious to see how this impacts the cap. There wasn’t a ton to work with to lower his cap hit this year. His salary was $3.75M, that can be lowered to $1.165M as part of the extension. But assuming there’s a signing bonus, there’s probably not going to be much savings.
Quote:
The best kicker in Giants history.
Matt Bahr and Lawrence Tines beg to differ...
If Gano nails a big kick in a big (playoff) game... the crown is his IMO. The best Giants kicker I've ever watched.
@DDuggan21
·
2m
Replying to
@DDuggan21
Will be curious to see how this impacts the cap. There wasn’t a ton to work with to lower his cap hit this year. His salary was $3.75M, that can be lowered to $1.165M as part of the extension. But assuming there’s a signing bonus, there’s probably not going to be much savings.
Why would Schoen extend him right now for no cap savings?
Quote:
Dan Duggan
@DDuggan21
·
2m
Replying to
@DDuggan21
Will be curious to see how this impacts the cap. There wasn’t a ton to work with to lower his cap hit this year. His salary was $3.75M, that can be lowered to $1.165M as part of the extension. But assuming there’s a signing bonus, there’s probably not going to be much savings.
Why would Schoen extend him right now for no cap savings?
Why would we extend one of the best kickers in the league? Ummm going to go out on a limb and say... so we have one of the best kickers in the league signed long term?
Quote:
In comment 16196050 Eric from BBI said:
Quote:
Dan Duggan
@DDuggan21
·
2m
Replying to
@DDuggan21
Will be curious to see how this impacts the cap. There wasn’t a ton to work with to lower his cap hit this year. His salary was $3.75M, that can be lowered to $1.165M as part of the extension. But assuming there’s a signing bonus, there’s probably not going to be much savings.
Why would Schoen extend him right now for no cap savings?
Why would we extend one of the best kickers in the league? Ummm going to go out on a limb and say... so we have one of the best kickers in the league signed long term?
Not why would we extend him. Why would we extend him now when we need cap room if there's no cap savings?
So 2.6 gets converted to a bonus, amortized over 5 years.
My guess is his 2023 cap hit is:
1.165M salary
.52M restructure bonus
1.8M legacy bonus
3.4M down from 5.5M
Worth every damn penny. This is Gettleman’s best signing by FAR
Luck is the time when preparation and opportunity meet..
Quote:
he got a third chance in Green Bay. I still can't believe he was short on the kick against Philly in 2012.
Luck is the time when preparation and opportunity meet..
To be fair, Tynes is the only kicker to have two game winning field goal in OT in the playoffs (both in NFC championship games). The winning FG at GB was the first time a visiting kicker made a FG of 40 yards or more at Lambeau in the playoffs. And it was in probably the 3rd coldest NFL game ever. He made 3 of 5 FGs that day kicking a brick.
Quote:
$16.5 million over 3 years. $11.5 guaranteed per Garafalo.
Worth every damn penny. This is Gettleman’s best signing by FAR
This right here.. watched him boot boot a 57 and I believe a 54 yarder vs the Jets this Preseason... worth every penny...
Unfortunately, they didn’t stay in NY for many years. Agajanian was here for 5 seasons and Summerall and Gogolak stayed around for a while. If Gano stays for the full contract, he may have longevity.
at Summerall to consider as the best no?
and barr was clutch
Matt bahr made MY favorite kick FWIW
Matt bahr made MY favorite kick FWIW
They just did.
this is a misunderstanding of why gano's cap # was what it was in the first place. this decision to extend didnt start today, it started 2 offseasons ago:
1. gano's cap hit was inflated this year because they needed to create cap room last year, so they restructured him moving money from last year to this year.
https://giantswire.usatoday.com/2022/03/21/new-york-giants-rework-graham-gano-contract-clear-2022-cap-space/
2. they chose to restructure gano last year precisely because they viewed him as a good enough player that he might be a candidate they wanted to extend this year. they restructured gano in march, before they were forced to tap into adoree jackson (april) or leonard williams (sept) contracts for more cap room.
3. they got through 1 full season and an entire camp with him doing enough on the field to prove their prediction correct, so they extended him. of course him being a good kicker they wanted on their roster was the essential factor in that decision, as it was last year when they restructured him in the first place.
his new contract has 11.3m guaranteed in it. his prior 2023 salary was 3.75m this year which he was almost certain to receive, so the new deal is a net increase of 7.55m guaranteed for 2 more years after this one. they are expected to save $2m against the cap this year.
post-jones, the alternatives to create that kind of cap room would have been to guarantee williams or jackson 4-5m, spreading half of that to next year, but getting no new years of those players under contract. paying gano a little more to keep a quality kicker for 2 more years seems like an obviously better decision than putting almost the same amount of money on future caps and getting no new years, right?
This one of the rare occasions I completely agree with Eric on the accounting.
This one of the rare occasions I completely agree with Eric on the accounting.
You’d have been agreeing with me all along if I’d used the word amortize.
I love when the team spends future money at a discount.