According to my figures, the Giants' estimated overall salary cap number as of today is $3,526,194

Yesterday I addressed the issue of estimated dead money that the Giants' are on the books for cap-wise. Today I'm listing their overall estimated cap number (remember that the "Top 51 Rule" is in effect, as is deftly explained in the link that I provided from steelersdepot.com), this time without any projections like I did last time. Here goes:

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Here's the work that I did to calculate the estimated cap number of $3,526,194 that I came up with:

This number doesn't include 1st round pick Justin Pugh. His estimated cap number of $1,517,436 doesn't count yet simply because he didn't sign. Once he does sign, his slotted cap number listed above (sourced from the pick by pick rookie salary cap estimated for the 2013 draft HERE) will factor into the equation.

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Since Pugh's estimated cap number fits into the top 51 cap numbers listed above, it will displace the 51st ranked cap number (currently belonging to Brandon Mosley). The difference between Pugh's cap number and that 51st ranked cap number will subtracted from the Giants' current overall cap number of $3,526,194.

If Pugh were to sign the Giants' cap number would be calculated as follows:

Pugh's est. cap number of  $1,517,436 - Mosley's 51st ranked cap number of $555,146 = $962,290

The Giants' current est. cap number of $3,526,194 - $962,290 = adjusted estimated cap number with Pugh $2,563,904