Aug 042013
 
 August 4, 2013  Posted by  Articles, The Salary Cap
Jerry Reese, New York Giants (August 24, 2012)

Jerry Reese – © USA TODAY Sports Images

August 4, 2013 NFL Salary Cap Update: Before I list everything a quick FYI about the New York Giants’ cap number. They are not what the NFLPA Top 51 League Cap Report website says they are right now. I don’t want to repeat myself about what I wrote regarding this situation already on my Giants cap blog. You can read about it HERE.

The Giants are currently $2,656,846 under the NFL salary cap (disregard the $2,251,846 figure seen on their website). Here’s how they stand in comparison to the rest of the league (assuming their numbers are accurate, which I wouldn’t be surprised if they aren’t because of the simple errors that I’ve seen there this past week):

Click on a column to sort

NFL Team Cap Numbers - 8/4/2013

RANK
TEAM
CARRYOVER
TOTAL CAP SPACE
19Arizona$3,600,110.00 $5,755,040.00
15Atlanta$307,540.00 $7,683,068.00
17Baltimore$1,182,377.00 $6,904,459.00
3Buffalo$9,817,628.00 $21,810,064.00
8Carolina$3,654,825.00 $12,808,380.00
28Chicago$3,236,965.00 $1,637,767.00
5Cincinnati$8,579,575.00 $17,017,219.00
1Cleveland$14,339,575.00 $27,070,339.00
14Dallas$2,335,379.00 $8,480,326.00
11Denver$11,537,924.00 $9,287,063.00
22Detroit$466,992.00 $5,113,453.00
6Green Bay$7,010,832.00 $14,564,348.00
29Houston$2,422,689.00 $1,446,769.00
18Indianapolis$3,500,000.00 $6,163,781.00
2Jacksonville$19,563,231.00 $22,916,605.00
32Kansas City$14,079,650.00 $82,492.00
7Miami$5,380,246.00 $14,374,685.00
24Minnesota$8,004,734.00 $4,400,972.00
10New England$5,607,914.00 $10,092,269.00
21New Orleans$2,700,000.00 $5,173,260.00
27NY Giants$1,000,000.00 $2,656,846.00
13NY Jets$3,400,000.00 $8,648,580.00
20Oakland$4,504,761.00 $5,558,452.00
4Philadelphia$23,046,035.00 $19,261,143.00
23Pittsburgh$758,811.00 $4,476,513.00
26San Diego$995,893.00 $3,127,666.00
16San Francisco$859,734.00 $7,436,766.00
25Seattle$13,265,802.00 $3,352,772.00
31St. Louis$247,347.00 $139,088.00
9Tampa Bay$8,527,866.00 $11,513,471.00
12Tennessee$12,867,893.00 $9,245,356.00
30Washington$4,270,296.00 $1,338,440.00
  • Keep in mind that the Giants probably still have to make a little bit more room under the cap before the Top 51 Rule expires in a little over a month.
  • In the Giants’ case, it may not be for much; as things stand now, it may only be for about $1 million, maybe even less.
  • Someone like Steve Weatherford could be an ideal restructure, since doing so could add as much as another $738,750 in salary cap space to the Giants’ present total without doing too much damage to their long-term salary cap structure (something that the Cowboys, to give a pertinent example, have become notorious at doing lately).
  • They have until midnight New York time on Thursday, September 5th to do so (this is when the Top 51 Rule expires).
  • Teams will have to include the cap numbers of the 52nd and 53rd players on their 53-man rosters at that point.
  • By that time, clubs will have reduced their rosters to a maximum of 53 players; this will have taken place no later than by 6:00 pm New York time on August 31st.
  • After the Top 51 rule ceases to be clubs will also have to count the players on IR, the 8-man Practice Squad, the PUP list, and those players 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 teams with less than $2 million dollars could be swimming in dangerous cap waters as September 5th approaches.
  • This is why late summer cuts, especially to middling veteran players on teams who still need to make cap room – like the Bears, Texans, Redskins, Rams, & Chiefs - should not come as a surprise towards the end of August.
  • Check out an article from overthecap.com by Jason Fitzgerald regarding the subject of late Summer cuts.

“Pay Cut or Be Cut: The Reality of August Football” – August 2, 2013

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