For all of the capologists out there, the latest salary cap numbers are in for all 32 NFL teams and the New York Giants remain near the bottom of the league (27th overall) with only $2,656,846 in salary cap space remaining.
With all rookies now under contract, that may seem like an irrelevant fact, but that couldn't be further from the truth.
The Top 51 Rule will end on September 5th (official start of the regular season) and all teams will be required to add on the additional salaries of players No. 52 and No. 53, as well as all players designated to Injured Reserve (IR), the Physically Unable to Perform (PUP) list and any players with whom they reached an injury settlement (for the Giants, that would be Antonio Dennard and, most likely, Jeremy Horne). They will also be required to add on any additional dead money from players cut during training camp.
The Giants may look to make more room themselves by possibly restructuring the contract of Steve Weatherford, which I had speculated about before on this blog. If they were to do so, then they could create an added $738,750 worth of extra cap space to add on to their figure of $2,656,846 that they currently have. That would in turn increase the Giants' overall cap space, making them $3,395,506 under the cap.
And, hey … Weatherford did say he would play for free…
Note: The NFLPA has the Giants listed with a cap space of $2,251,846, but here is why that's not correct.
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