With the NFL’s worst salary cap situation, New York Giants general manager Joe Schoen has already been forced to seek what he said was a “last resort” to create cap space. The Giants have restructured cornerback Adoree’ Jackson’s contract, pumping some cash into the coming years.
By Yates field from ESPN, the Giants converted $8.965 million from Jackson’s contract into a signing bonus. This move created $5.98 million in cap space for 2022.
According to Over The Cap, Jackson’s base salary for 2022 is now $1.035 million and his cap is $9.288 million. The Giants added a void year to Jackson’s contract, injecting $2.988 million in prorated bonuses for the 2024 season.
Jackson’s 2022 cap, which would have been $15.2 million, will now be $9.288 million. Its ceiling reached in 2023, however, increases from 15.5 million dollars to 19.488 million dollars.
The move leaves the Giants with $6.788 million in cap space, per Over The Cap.
The Giants will need about $12.5 million in cap space just to sign their rookie class, and at least $10-15 million beyond that for other moves and expenses like replacements. injuries during the season.
There are two obvious moves Giants can make to clear at least some of this space.
The first is the much-discussed idea of trading cornerback James Bradberry. Schoen can clear $12.136 million by trading Bradberry before June 1 and $13.5 million after that date.
The other obvious move, which Schoen will likely hate but may find necessary, would be to extend defensive lineman Leonard Williams’ contract. Williams has two years left on his three-year, $63 million contract, which carries caps of $27.3 million and $26.3 million over the next two years.
At 28, Williams is likely a prime candidate for an extension that would lower his 2022 cap.