The NFL salary cap is a very difficult thing to understand. That was compounded when the new Collective Bargaining Agreement (CBA) brought about some changes, and that's why every report that's read shows varying numbers. The truth is, outside of the teams themselves, very few people have a true understanding of where each organization sits as it relates to cap space. Still, the experts run the numbers as best they can in an effort to show where each franchise sits heading into free agency.
For the New York Giants, even after releasing linebacker Michael Boley, running back Ahmad Bradshaw and defensive tackle Chris Canty, they remain over the projected salary cap for 2013. Or so says Jason La Canfora of CBS Sports.
"The Giants came into the week about $12 million over the cap, but took care of some of their business right away, getting back down to the cap with the release of veterans Ahmad Bradshaw, Chris Canty and Michael Boley. The Giants still might find it difficult to keep both safety Kenny Phillips and tackle Will Beatty, and could be redoing deals for guys like Eli Manning," La Canfora wrote.
Most reports suggest the Giants actually shed roughly $14 million in cap space this past week, which would put them at the cap as opposed to over it. However, if La Canfora's numbers are accurate, it would put the Giants at roughly $122 million for their top 51 players.
That's the number CBS shows for the Giants, but they also have that against a project salary cap of $120 million when it's actually more likely to be $121.1 million. Of course, based on the latter projection, that would mean the Giants are only $900,000 over the projected cap. Which, again, is based on La Canfora's numbers. Based on the other reports of approximately $14 million shed, that would mean the Giants have actually moved themselves under the projected salary cap by $1.1 million.
If your head spinning yet? Yes? Good.
The truth is, no one really knows where the Giants are as it relates to a projected cap that isn't even official yet. The could be slightly over or they could be slightly under. The only thing that's certain is that they're a lot closer now than they were a week ago at this time.
Also…Ahmad Bradshaw, Chris Canty, Eli Manning, Football, Kenny Phillips, Michael Boley, New York, New York Giants, NFL, Will Beatty