NFL Salary Cap: Giants Still Have Some Cutting to Do

Here we are, the final dead day of the offseason. Teams can start pursuing players beginning midnight tonight but are restricted to talking with agents. Players are off limits until Tuesday at 4pm. No contact with or visits to/from are allowed until then.

Over this 88-hour period, the Giants will put on a final push to re-sign some of their own UFAs (specifically OL Kevin Boothe and TE Martellus Bennett) and look into a few players from other teams due to hit the market on Tuesday.

You can basically use your imagination on who they could bring in from the outside. SNYGiants insider Ralph Vacchiano believes the Giants are around $10.5 million under the salary cap and states that won’t be enough to get much more than the basics done this winter….

It will likely cost the Giants around $7 million just to tender their restricted free agents –Victor Cruz will almost certainly get the first-round tender ($2.879 million). I wouldn’t be shocked if they gave safety Stevie Brown and running back Andre Brown second-round tenders ($2.023 million each). That would be a total of $6.925 million. And it’s not much less if they give an original-round tender ($1.323 million) to either Brown instead. … And those count as soon as the tenders are issued. So the Giants have to have the cap space for them by Tuesday at 4 p.m.

In addition, Ralph says the Giants will need an additional $5 mil or so to sign draft picks this spring, so it looks like they need to do some more cutting if they plan on bringing back all of the above names this year.

OL David Diehl is still a candidate for a salary cut. The Giants may have to reduce him and go hat-in-hand to their three highest paid players – QB Eli Manning ($13 mil), OL Chris Snee ($6.7 mil) ans S Antrel Rolle ($7 mil) – for possible restructures.

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