Giants' Cap update - as of 3/25/2013: $381,892


http://corner.bigblueinteractive.com/index.php?mode=2&thread=468264




•Good evening everyone. I'm going to list an estimate of the top 51 player CAP HITS for the Giants as of this time (with an amendment to include what is most likely Boothe's cap number after re-signing today).
•In the offseason, the "Top 51" rule is in effect, in which the cap hits for the top 51 players is all that counts against the cap.

•Without further ado, here are the numbers--meaning Cap Hits--for the top 51 salaries on the team; I'll explain the numbers in the space below this table.






•The total of the top 51 Cap numbers, as indicated above, is $116,237,526.
•I included the CAP NUMBERS for David Carr, and the two Exclusive Rights Free Agents (ERFAs) who have not yet signed their tenders: Adrian Tracy and Jim Cordle (the thir ERFA, Justin Trattou already signed his).
•I went to spotrac.com and retrieved their expected tender salaries listed in the chart below ($555 K for Cordle and $480 K for Tracy).
•They might be wrong, but they're still very close (they're either going to be $480 K or $555 K), but I wanted to add them in here since they count nonetheless.
•Justin Trattou is the only ERFA who signed his tender, and he is set to count $480 K against the 2013 cap.
.
.
.
.
•I didn't include the Cap # for Boothe, which is unknown now, but I do have a strong of what I think it is for him.
•I tweeted the beat writers, and they thought my guess of the vet minimum for Boothe was good.
•Boothe has 7 accrued years, so he would stand to earn $840 K in salary, but only count $550 K against the salary cap.
•The Giants probably gave him a bonus---I'd expect it to be a $65 K bonus, which is the most that a player can receive and still be counted towards the reduced salary cap benefit of $555 K.
•I'll account for Boothe's money ($620 K cap hit) after I explain everything else.

.
.
.
.

•At this point you take the Dead Money, listed below, and add it to the $116,237,526 figure listed above.
•When you do that, you get $122,974,608, as indicated in the table below the Dead Money, where all the math is detailed.



•On a side note, approximately 5.5% of the Giants' cap consists of Dead Money.
.
.
.
.
•You subtract the amount of $122,974,608 from the salary cap limit of $123 million, and you get $25,392.
•To this total that the Giants first appear to be under the cap by, you add the carryover money from the previous year's cap, which in the Giants' case is $1 million.
•After you add these two figures, as indicated below, you get $1,025,392.



•From the $1,025,392 figure you subtract $504,000 due to the accrual of workout bonuses once the new league year starts, which in this year's case was 13 days ago, on March 12th.
•When you do this, you get $521,392, as displayed above.
•Now to account for Boothe, I simply slide in his anticipated CAP HIT of $620 K into the top 51 CAP HIT numbers, and subtract the DIFFERENCE from the 51st slot that is displaced, which in this instance is $480,500; this number works out to be as follows:

$620,000 - $480,500 = $139,500

•You simply subtract $139,500 from $521,392 to get the updated Cap number for the Giants after Boothe's signing, which turns out to be $381,892.
.
.
.
.

.
.
.
.
•For anyone who's interested, the Giants currently have 76 players signed to the roster.
•Here are the cap hits for the remaining 24 players on the roster:




•The total cap hit for these players DOES NOT count towards the cap.
•As can be seen, these players' CAP HITS are either at or near the league minimum salary (see chart for NFL League minimum salaries for reference above).
.
.
.
.
•These numbers are in constant flux with free agency going on, but with it calming down a bit, I figured now is a good time to provide a more thorough breakdown of the Giants' salary cap situation.
•Expect more changes to come of course (Diehl's paycut will be coming eventually).
•Enjoy.

2013 Free Agent Scorecard

Last Updated: March 25, 2013



Exclusive Rights Free Agents (if tendered):

OC Jim Cordle (Tendered by Giants)
DE Adrian Tracy (Tendered by Giants)
DE Justin Trattou (Re-Signed by Giants; 1-Year, $480,000 salary)

Restricted Free Agents (if tendered):

HB Andre Brown (Tendered by Giants; $2.023 million)
HB Ryan Torain (Re-Signed by Giants; 1-Year, $715,000 salary)
WR Victor Cruz (Tendered by Giants; $2.879 million)
TE Bear Pascoe (Re-Signed by Giants; 1-Year, $715,000 salary)
S Stevie Brown (Re-Signed by Giants; 1-Year, $2.023 million)

Unrestricted Free Agents:

QB David Carr (Re-Signed by Giants; 1-Year, $940,000 salary)
HB Kregg Lumpkin
WR Domenik Hixon
WR Ramses Barden
TE Martellus Bennett (Signed by Bears; 4-Years, $20 million)
TE Travis Beckum
OG Kevin Boothe (Re-Signed by Giants; 1-Year)
OT Will Beatty (Re-Signed by Giants; 5-Years, $38.75 million)
OT Sean Locklear
DE Osi Umenyiora (Signed by Falcons, details unknown)
DT Rocky Bernard
DT Shaun Rogers (Re-Signed by Giants; 1-Year, $1.005 million)
LB Chase Blackburn
LB Keith Rivers (Re-Signed by Giants; 1-Year, $715,000 salary)
CB Justin Tryon
CB Bruce Johnson
CB Brian Witherspoon
S Kenny Phillips (Signed by Eagles; 1-Year; $2 million)
PK Lawrence Tynes

Free Agents Signed from Other Teams:

PK Josh Brown (Signed by Giants from Bengals; 1-Year, $940,000 salary)
S Ryan Mundy (Signed by Giants from Steelers; 1-Year, $715,000 salary)
WR Louis Murphy (Signed by Giants from Panthers; 1-Year, $715,000 salary)
TE Brandon Myers (Signed by Giants from Raiders; 4-Years, $14.25 million)


Players Signed After Being Cut by Another Team:

DT Cullen Jenkins (Signed by Giants; 3-Years, $8 million)
CB Aaron Ross (Signed by Giants; 1-Year, $715,000 salary)
LB Dan Connor (Signed by Giants; 1-Year, $715,000 salary)

Re-Signed Practice Squad Players:

TE Larry Donnell (Re-Signed by Giants; 2-Years, $900,000 salary)
OG Stephen Goodin (Re-Signed by Giants; 2-Years, $900,000 salary)
OG/OT Levy Adcock (Re-Signed by Giants; 2-Years, $900,000 salary)
OT Matt McCants (Re-Signed by Giants; 2-Years, $900,000 salary)
DE Matt Broha (Re-Signed by Giants; 2-Years, $900,000 salary)
CB Laron Scott (Re-Signed by Giants; 2-Years, $900,000 salary)

Signed “Street” Free Agents:

QB Curtis Painter (Signed by Giants; 1-Year, $630,000 salary)
WR Brandon Collins (Signed by Giants; 2-Years, $900,000 salary)
WR Kevin Hardy (Signed by Giants; 2-Years, $900,000 salary)
WR Kris Adams (Signed by Giants; 2-Years, $1,050,000 salary)
TE Jamie Childers (Signed by Giants; 2-Years, $900,000 salary)
OG Michael Jasper (Signed by Giants; 2-Years, $900,000 salary)
OG Bryant Browning (Signed by Giants; 2-Years, $900,000 salary)
OG Chris DeGeare (Signed by Giants; 1-Year, $480,000 salary)
DT Bobby Skinner (Signed by Giants; 2-Years, $900,000 salary)
LB Jake Muasau (Signed by Giants; 2-Years, $900,000 salary)
CB Trumaine McBride (Signed by Giants; 1-Year, $630,000 salary)
CB Antonio Dennard (Signed by Giants; 2-Years, $900,000 salary)
CB Buddy Jackson (Signed by Giants; 2-Years, $900,000 salary)
S David Caldwell (Signed by Giants; 2-Years, $1,050,000 salary)
PK David Buehler (Signed by Giants; 1-Year, $630,000 salary)
PK/P Jake Rogers (Signed by Giants; 2-Years, $900,000 salary)

Good read.

Diehl FINALLY takes a big pay cut... about time


Ralph Vacchiano & #8207;@RVacchianoNYDN 1m

Ralph Vacchiano ‏@RVacchianoNYDN 1m

So we didn't restructure it for the future? He literally just accepted a pay cut?

Win/win since now he gets to stay on a contender

oh yeah! im glad he took that pay cut

Nope, no restructure. Pay cut was his only option or he would have been cut. He's great depth. Now we need to upgrade.