Official Salary Cap space for all 32 teams – as of 8/04/13Before I list everything a quick FYI about the giants' cap number. They are not what the NFLPA Top 51 League Cap Report website says they are right now. I don't want to repeat myself about what I wrote regarding this situation already on my Giants cap blog. You can read about it HERE.
The Giants are currently $2,656,846 under the salary cap (disregard the $2,251,846 figure seen on their website). Here's how they stand in comparison to the rest of the league (assuming their numbers are accurate, which I wouldn't be surprised if they aren't because of the simple errors that I've seen there this past week):
I. MOST CAP SPACE TO LEAST CAP SPACE:
.
.
.
•Keep in mind that the Giants probably still have to make a little bit more room under the cap before the Top 51 Rule expires in a little over a month.
•They have until midnight NY time on Thursday, September 5th to do so.
•Teams will have to include the cap numbers of the 52nd and 53rd players on the roster at that point.
•They will also have to count the players on IR, the PUP list, and those who have received Injury Settlements in training camp as the result of any injuries that prevented them from continuing to play (this is the case for Antonio Dennard & Jeremy Horne at this point).
•Any additional Dead Money that results from players being cut in training camp will also factor into this equation.
•A conservative guess is that this will cost teams between 2 and 3 million dollars around the league depending on their specific situations.
•This is why late summer cuts, especially to middling veteran players on teams who still need to make cap room---like those 5 mentioned above---should not come as a surprise towards the end of August.
•Check out an article from overthecap.com by Jason Fitzgerald regarding the subject of late Summer cuts.
http://corner.bigblueinteractive.com/index.php?mode=2&thread=476322