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 |
---|---|---|---|
19 | Arizona | $3,600,110.00 | $5,755,040.00 |
15 | Atlanta | $307,540.00 | $7,683,068.00 |
17 | Baltimore | $1,182,377.00 | $6,904,459.00 |
3 | Buffalo | $9,817,628.00 | $21,810,064.00 |
8 | Carolina | $3,654,825.00 | $12,808,380.00 |
28 | Chicago | $3,236,965.00 | $1,637,767.00 |
5 | Cincinnati | $8,579,575.00 | $17,017,219.00 |
1 | Cleveland | $14,339,575.00 | $27,070,339.00 |
14 | Dallas | $2,335,379.00 | $8,480,326.00 |
11 | Denver | $11,537,924.00 | $9,287,063.00 |
22 | Detroit | $466,992.00 | $5,113,453.00 |
6 | Green Bay | $7,010,832.00 | $14,564,348.00 |
29 | Houston | $2,422,689.00 | $1,446,769.00 |
18 | Indianapolis | $3,500,000.00 | $6,163,781.00 |
2 | Jacksonville | $19,563,231.00 | $22,916,605.00 |
32 | Kansas City | $14,079,650.00 | $82,492.00 |
7 | Miami | $5,380,246.00 | $14,374,685.00 |
24 | Minnesota | $8,004,734.00 | $4,400,972.00 |
10 | New England | $5,607,914.00 | $10,092,269.00 |
21 | New Orleans | $2,700,000.00 | $5,173,260.00 |
27 | NY Giants | $1,000,000.00 | $2,656,846.00 |
13 | NY Jets | $3,400,000.00 | $8,648,580.00 |
20 | Oakland | $4,504,761.00 | $5,558,452.00 |
4 | Philadelphia | $23,046,035.00 | $19,261,143.00 |
23 | Pittsburgh | $758,811.00 | $4,476,513.00 |
26 | San Diego | $995,893.00 | $3,127,666.00 |
16 | San Francisco | $859,734.00 | $7,436,766.00 |
25 | Seattle | $13,265,802.00 | $3,352,772.00 |
31 | St. Louis | $247,347.00 | $139,088.00 |
9 | Tampa Bay | $8,527,866.00 | $11,513,471.00 |
12 | Tennessee | $12,867,893.00 | $9,245,356.00 |
30 | Washington | $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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