Additionally, these figures should---I emphasize should---factor in the cap numbers for ALL the draft picks around the league at this point, since the last of the 254 draft picks chosen this past April signed six days ago on July 29th (Chance Warmack of the Tennessee Titans). Without further ado, here are the numbers:
Here are the cap numbers listed in alphabetical order for the sake of convenience as well:
Assuming that these numbers are correct, it is interesting to note that players on teams with less than $2 million dollars of cap room (teams ranked 28 through 32) are going to have to make more room under the cap before the Top 51 Rule expires in a little over a month on September 5th. Those five clubs are Chicago, Houston, Washington, Kansas City, & St. Louis.
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.
Once the Top 51 Rule ends in September 5th, so will a few rules that have to do with cap accounting. At that point, the 53-man roster will have been determined. Teams will have to include the cap numbers of the 52nd and 53rd players on the roster at that point. They will also have to count the players on IR, the Practice Squad, the PUP list, & those who have received Injury Settlements in training camp/preseason as the result of any injuries that prevented them from continuing to play (this is the case for Antonio Dennard & Jeremy Horne at this point).
Any additional Dead Money that results from players being cut in training camp will also factor into this equation. A conservative guess is that this will cost teams between 2 and 3 million dollars around the league depending on their specific situations. This is why late summer cuts, especially to middling veteran players on teams who still need to make cap room---like those 5 mentioned above---should not come as a surprise towards the end of August.