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New York Giants in No Rush to Restructure Contract of Eli Manning

March 12th, 2013 at 8:00 AM
By Dan Benton

'Eli Manning' photo (c) 2012, Mike Morbeck - license: http://creativecommons.org/licenses/by-sa/2.0/ New York Giants quarterback Eli Manning is slated to have the largest cap hit in the NFL in 2013 at $20.85 million. But despite their need for more space, the Giants do not appear to be in any sort of rush to restructure his deal and have not even approached him with the idea.

"We haven’t really talked about that. That’s always an option at some point in time, but he’s proven to be worth the amount of salary-cap space that’s been allocated to him," co-owner John Mara said on Monday.

Of course, fans across the country will scream "get it done!" without thinking ahead. And as Mara mentioned on Monday, while restructuring Manning's deal would solve short-term problems, it would then create long-term problems that would impact the team negatively in future free agency periods.

"That’s something you could always do at some point to create more room. But again, the more room you create in current years, you have to pay that back at some point in time, and you don’t want to put yourself in a position where you are in salary-cap jail and you’re forced to cut an inordinate number of players. That’s something that may be discussed at some point in the future, but that’s not on our radar right now," Mara added.

Dollars to donuts 50% of people reading the headline of this article will yell from their soapbox, criticizing the Giants for not making the extra room without ever reading or understanding why it won't (and shouldn't) happen. But, regrettably, this is the Madden age we live in.

Whatever the case, the option is always there should the Giants need it, and at some point in the near future they're going to need to extend his contract beyond 2015 anyway.

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Tags: Eli Manning, Football, John Mara, New York, New York Giants, NFL

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15 Responses to “New York Giants in No Rush to Restructure Contract of Eli Manning”

  1.  Krow says:

    Teams are always out of cap space … unless they need it.

  2.  Dirt says:

    How about the lopsided amount on the offensive line? Fans should start there.

  3.  The Original G Man says:

    I think that’s just posturing on the team’s part. If they need to restructure Eli to retain Cruz, they will.

  4.  Chad Eldred says:

    I see Mara’s point, but like the writer said, Eli is due for an inevitable extension. Something tells me Eli would be the first guy in the room to talk extension or re-structure to keep one of his favorite targets. Cap space isn’t the issue here, it’s getting Cruz at the price the team thinks is fair. I’m not expecting them to waver on that. This will probably come down to the wire. Or maybe you could say we are already there.

  5.  jfunk says:

    I don’t think Condon’s issues with the Patriots are reason enough to assume they won’t make a deal if they want him. If they were willing to work with him to get Lloyd last year, they’d certainly dirty their hands on his for Cruz.

    I’ve mentioned this before, but there’s no reason to rework Eli’s contract unless it becomes necessary. It’s always there to use, but IF you can get what you want done without touching it, eating that 20M cap hit allows you to free up a LOT more cap room next year and into the future with Eli’s contract. You’ve got to eat it some time, and if you can make all the moves you want with it in the books at $20M, then awesome.

    If the Giants can somehow get Cruz signed while only using Diehl’s contract to free up space, then the cap room for Nicks is just an Eli restructure away. If they can wait until next year to do that, our cap situation is even better.

    •  James Stoll says:

      Agree with you on the Pats and Condon. You can hate an agent all day; you’re signing the player. If they want him, can afford to lose the pick, and have the dough, they’ll jump.
      Going to NE with the chance to play with Brady could be irresistible to Cruz if the $$ are much better than what NY has offered (by the way, does anyone know what the
      Substantial offer supposedly was?)
      If Minnesota offered big $$ Cruz should really hesitate as Ponder is no Eli.
      Not sure how alluring St Louis would be with Bradford.

  6. Anthony Raiaaxr29 says:

    Kiper has us passing on Werner, Rhodes, Trufant, and Ogletree to take…… Te’o.

  7.  jfunk says:

    If you sign Te’o, does the cost of all the handlers you’d have to surround him with count against the cap?

  8.  James Stoll says:

    So I guess today is the big day.
    Osi signs with ????
    Bennett with ???
    Cruz with???

  9.  F0XLIN says:

    Couple of questions about the 72 hour period for Cruz and Condon

    Does it apply to the Giants or is the restricted window extended to where they can negotiate but the other 31 cannot?

    Can they have dialogue with other teams during this window or is it a silent period?

  10. Anthony Raiaaxr29 says:

    I’ve seen multiple predictions that the Giants sign Daryl Smith. Id prefer Wheeler, but i guess ill take Smith

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