Wednesday, June 12, 2013

Adjustment made to the Giants' Dead Money list

Thanks to some help from Jason Fitzgerald from overthecap.com, I figured out that the discrepancy in cap numbers over the last week or two on the NFL's Top 51 Cap Report was due to dead money added on to the cap from the release of RB Jeremy Wright.

The Giants signed Wright as an Undrafted Rookie Free Agent (UDFA) on May 10th, and waived him on May 31st, as per BigBlueInteractive.com, a favorite website of mine which I write Salary Cap Articles for under the handle of "Optimus-NY". Read about the list of transactions HERE.

Jason helped teach me how to decipher why the discrepancy was there as I indicated above. It turns out tat the Giants gave Wright a $5,000 signing bonus. The only other two UDFAs who the Giants signed this year after the draft who they gave signing bonuses too were as follows:

  1. WR Marcus Davis out of Virginia Tech--who they cut during rookie camp between May 11th and May 13th after giving him a relatively whopping $15,000 (Davis was then signed by the Jets).
  2. The other is blocking TE Chase Clement out of LSU, who got a $2,500 and is still on the Giants 90-man roster.

NOTE: The dead money numbers I have compiled below are just educated guesses based on numbers I've seen from spotrac.com and overthecap.com, along with figures I specifically recall dating from when Osi Umenyiora had a Voidable year tacked on to the final year of his contract last Spring.

I have the Giants' dead money figures estimated as follows (including Wright's updated dead money figure):

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