Sunday, July 28, 2013

Here are the 2013 Cap numbers for all players currently on the Giants' 90-man roster.

Here is the list of the Top 51 cap numbers that actually count on the salary cap at the moment:

Source: 2013 Cap numbers for NY Giants - as per Jason Fitzgerald of overthecap.com







  • As can be seen, Victor Cruz's cap number is ranked 12th (it was ranked 11th before his new contract was agreed to).
  • First round pick Justin Pugh's cap number for 2013 ($1,517,436) ranks him 19th on the team.
    • Second round pick Johnathan Hankins ranks 28th on the team's top 51 list of cap numbers with a cap number of $732,852.
  • Steve Weatherford's contract would be a good one for the Giants to try and restructure if they need any extra room.
  • Weatherford currently ranks 13th cap-wise on the team; he has 4 years, including 2013, left on his deal, so a restructure wouldn't be such a bad idea.
  • The Giants could gain as much as an additional $738,750 in extra cap room if they and Weatherford came to an agreement to restructure his deal.
  • In exchange for as much $985,000 in upfront bonus money, the Giants would gain $738,750 more in cap room as indicated previously.
  • The trade-off would be that Weatherford's cap number would go up an extra $246,250 in each of the remaining 3 years of his deal after 2013 (his contract expires after the 2016 season).
  • It'll be interesting to see what happens.
  • The Giants' top 2 drafted players whose names appear in black bold & italicized letters in this section--Justin Pugh & Johnathan Hankins--count towards the salary cap while the Top 51 rule is in effect, up until September 5th.



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Here are the players who don't currently count against the salary cap on account of the Top 51 Rule being in effect. Once it ceases though, some of these players (the ones who make the final 53-man roster) will count against the team's salary cap:

NOTE:
The only player on the list below whose 2013 cap number I'm not 100% sure about is Ryan D'Imperio. I believe I have his cap number right since to my knowledge he has only 1 year of accrued experience, but on the off chance I'm wrong I'll adjust this figure.






Click on the following link below by Jason Fitzgerald from overthecap.com to see the list of not only most of these players' 2013 cap numbers, but their overall contractual breakdowns as well:

  • Ryan Nassib's deal ranks him 59th on the club, but he will eventually count on the team's cap after September 5th, when the Top 51 rules ends and the team's final 53-man roster has been determined.
  • All 5 drafted players whose names appear in black bold & italicized letters in this section were drafted.
    • They are Damontre' Moore, Ryan Nassib, Cooper Taylor, Eric Herman & Michael Cox.
  • All the players whose names appear in light blue are undrafted rookie free agents (UDFAs); they are as follows:
    • TE, Chase Clement - ranked 73rd with a cap number of $405,833.
    • CB, Charles James - ranked in a 17-way tie for 74th-90th with a cap number of $405,000.
    • CB, Junior Mertile - ranked in a 17-way tie for 74th-90th with a cap number of $405,000.
    • LB, Etienne Sabino - ranked in a 17-way tie for 74th-90th with a cap number of $405,000.
    • S, Alonzo Tweedy - ranked in a 17-way tie for 74th-90th with a cap number of $405,000.
  • Keep in mind that if players get hurt that salary splits will factor into the equation.
  • Here is how the breakdown would occur:

The Giants will have a different cap number either tomorrow or Tuesday

The NFLPA doesn't automatically makes changes to reflect the accounting of the financial moves that have come about as the result of the Pugh signing, the Nassib signing, and the release of Kicker David Buehler & subsequent signing of Fullback Ryan D'Imperio, especially if they occur towards the end of the week (Thursday night). The changes should be reflected though on the NFLPA's Top 51 League Cap Report website either tomorrow, or on Tuesday, as indicated above.

At the moment, the Giants are officially $3,657,682 under the salary cap. As a result of the moves mentioned above, by either tomorrow or Tuesday--and pending any other moves between that time of course--the Giants should be $2,770,246 under the salary cap.



  • The Pugh signing resulted in a cap decrease of $961,436.
  • This was due to salary cap displacement between his 2013 cap number--which ranks 19th on the team--and that of the 51st ranked player on the Giants' top 51 list of cap numbers.
  • That player was Spencer Paysinger, whose salary was $556,000.
  • The difference between Pugh's 2013 cap number of $1,517,436 and Paysinger's 51st ranked cap number of $556,000 for 2013 is $961,436.

  • Nassib didn't factor into any of this because his 2013 cap number of $518,400 ranks 59th on the club, placing him outside out the team's Top 51 list of cap numbers for 2013.
  • This will change though once the Top 51 Rule ceases on September 5th, as Nassib is guaranteed a roster spot save for an act of God.

  • An extra $74,000 in cap space was created as the result of the release of Kicker David Buehler, and the subsequent signing of Fullback Ryan D'Imperio on Friday.
  • Buehler's 2013 cap number of $630,000 ranked him in a 3-way tie for the 31st highest cap number on the roster (tied with Curtis Painter & Trumaine McBride).
  • D'Imperio's cap number of $480,000 currently ranks him in an 8-way tie for 62nd on the team.
  • Since it ranks him outside of the team's Top 51 list of cap numbers for 2013, he doesn't count against the cap now.
  • The displacement of the 51st salary of $556,000 did though, resulting in a differential of $74,000 ($630,000 - $556,000 = $74,000).

  • When you subtract $961,436 from $3,657,682 you get a total of $2,696,246.
  • To this adjusted cap number of $2,696,246 you then add $74,000.
  • The result is the new adjusted cap number of $2,770,246.



As a result of these changes, the Giants should be $2,770,246 under the cap effective either tomorrow or Tuesday.

The Giants have reached an injury settlement with Cornerback Antonio Dennard, as per Ralph Vacchiano of the NY Daily News

Cornerback Antonio Dennard was the 91st contract on the Giants' 90-man roster according to the NFLPA's Leaguewide Top 51 Cap Report (see link HERE). He was on the Reserve/Injured List, and had a salary of $405,000. He was waived on Thursday, May 16th along with TE Michael Palmer, who is now in camp with Seattle. 

Here is a link to an article by Dan Benton dating back to May 18th from sportsmedia101.com:
Michael Palmer & Antonio Dennard Clear Waivers; New York Giants Place Duo on Reserve/Injured List



Here is a tweet by Ralph Vacchiano about Dennard's injury settlement:






















If I'm understanding this correctly, the start of the proration of Dennard's $405,000 salary (the absolute lowest in the NFL) dates back to the day that he was added to the roster, on January 15th of this year, & not the start of the 2013 league year on March 12th. The day of his release--May 16th--is when the proration ends. I'm more sure about the end date of the proration than I am about the start date though.

•Assuming I have the correct dates, then Dennard spent 121 days on the roster (the amount of days between January 15th and May 16th).
•I'm not sure though if the start date is March 12th--the start of the 2013 league year--or the day that Dennard was signed to the roster.
•That day happened to be January 15th (see HERE).

•If I did the math correctly (121 days out of 365), then the Giants the injury settlement is for $134,260.
•This amount would then count on the Giants' cap for 2013.
•Let me reiterate that I'm not sure if I understand this correctly, but right now this is my best guess; I'll check with a couple of people who would know better, and then correct myself later. 

Saturday, July 27, 2013

Justin Pugh's contractual breakdown:










•Pugh got a signing bonus of $4,449,744 when he signed on Thursday.
•His base salary for the 2013 through 2016 seasons totals $3,510,384.
•That's a total of $7,960,128 over 4 years, NOT including the non-guaranteed portion of his 2016 salary, which takes the form of a roster bonus.

•If Pugh is on the 53-man roster in 2016, on either the 2nd or 3rd day after rosters are set, then he receives his roster bonus of $385,770.
•If he gets his roster bonus for making the team in 2016, then the total of the contract rises to $8,345,898 for 4 years, which it should pending Pugh stinking up the joint or being injured.

*****




I asked Jason Fitzgerald the following question on Twitter from my Giants Salary Cap twitter feed:






  • As can be seen above, the small roster bonus Pugh received in year 4 in 2016 is for $385,770.
  • His 2013 cap number---as stated here a million times before---is $1,517,436.

Friday, July 26, 2013

Giants released Kicker David Buehler and signed Fullback Ryan D'Imperio to the roster today

This means that the Kicking job belongs to Josh Brown, the other kicker on the roster. Buehler's $630,000 cap number happened to fit into the Giants' Top 51 cap numbers, ranking him in a tie for 31st-33rd on the team's cap list, so this move gives the Giants a little more cap room on account of the player who replaced him costing less.

Fullback Ryan D'Imperio has one accrued season's worth of NFL experience according to what I read from the following two articles:
If I am correct D'Imperio's experience, then he'll be on the books now as having a $480,000 salary and cap number. I am almost certain that he did not receive a bonus since he's likely just camp fodder, and his practice squad eligibility looks used up. His $480,000 cap number does not fall into the Giants' top 51 cap numbers. I'll wait for a confirmation later today or early next week on this, but I'm pretty sure that this is the correct number for D'Imperio.

According to my estimation, as a result of salary cap displacement, the Giants have gained another $74,000 in cap room as a result of this move. I got this figure by subtracting the resultant 51st ranked cap number in this instance of $556,000 (belonging to Spencer Paysinger) from Buehler's cap number of $630,000.

This additional $74,000 probably won't be reflected on the NFLPA's records and Top 51 League Cap Report website until Monday or Tuesday of next week since we're on the eve of the weekend (the same applies to the Pugh & Nassib contracts from yesterday). If something changes later today however, then I'll note it here of course.

Pending any other moves between today and early next week, I'd estimate the Giants to officially be $2,770,246 under the cap by Monday, July 29th or Tuesday, July 30th.

Thursday, July 25, 2013

Did Pugh and Nassib win their contractual battles?

This is an interesting question. First let's start off with Pugh.

It will be interesting to see if Justin Pugh, the 19th overall pick, got a 4th guaranteed year. Picks 14 through 21 in the first round all got first guaranteed 4th years. I wonder if Pugh got the same, or if the Giants won out. My bet is on the Giants. As soon as details become available I'll post them. In the meanwhile, feel free to check out these two articles on the subject:


The issue with Ryan Nassib (the 110th overall pick in the draft), on the other had was salary splits. The 4th round of the draft is the round in which the battle ground for these salary splits took place. Interestingly, Nassib was the 5th to last player to sign his contract this year. the four players besides him who remained, and still remain unsigned are the 4 of the first 10 picks picked in the first round of this year's draft (click HERE to see who they are).

Nassib's agent probably argued hard to only have Nassib's salary split in case of injury for one year (2013 only), whereas the Giants argued for his salary to split for two years (2013 and 2014). My bet, once again, is on the Giants in this instance. Here's an excellent article on the subject from overthecap.com by Jason Fitzgerald from back in May detailing all the potential issues that have to do with the signing of draft picks from this past April's draft:
I hope to find out the answers to these questions sometime soon in the next couple of days. Until then, enjoy the beginning of training camp tomorrow.

Twas the night before training camp...

Twas the night before Training Camp, when all through
 the house / Not an unsigned contract was stirring...

You know the rest. Enough with the cuteness already.

Today we saw the signings of the Giants' only two remaining unsigned draft picks. After the completion of the Pugh and Nassib signings, the Giants have effectively done what they needed to do since the end of mini-camp in mid-June until the latter part of July salary cap-wise. They signed Cruz to an extension, and created $349,000 more in cap room in the process--something which will be significant going forward.

What's going to happen next is that the Giants' cap number will decrease from $3,657,682 to $2,696,246. The Pugh signing should result in a difference of $961,436 between these two cap numbers as a result of cap displacement between the Giants' 51st ranked cap number and Pugh's expected 2013 cap number of $1,517,436. This official change should be reflected in the NFLPA's Top 51 League Cap Report by either tomorrow or on Monday, July 29th, 2013 (cap changes are not processed during the weekend since the NFL Offices in NYC are closed).

I wouldn't be surprised to see the Giants restructure the contract of Steve Weatherford at some point during Training Camp as well. If they did that, they could create as much as an additional $738,750 in cap room (he has 4 years left on his deal, including this coming season). Add that amount to the expected amount of $2,696,246 and the new total would be $3,434,996. This hypothetically adjusted new figure would only be $222,686 less than the current figure of $3,657,682. This new figure would also leave the Giants with an approximate salary cap rollover of $1.4 million for 2014, if there aren't any hiccups during July and August.

Approximately $2 million will be subtracted from this figure once the Top 51 Rule ceases on September 5th and the final 53-man roster has been set. This will take into account the 52nd & 53rd men on the roster as well the 8 players on the Practice Squad. Additional dead money--besides that which already counts towards the cap--is also part of the equation, not to mention players on IR, as well as those who've received injury settlements. Besides these factors, who knows what injuries will occur during training camp that could also factor into these figures. All in all, the Giants did what they needed to do contractually during the dead period of July & August. Hopefully the players stay healthy. We can only wait and see.