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According to Spotrac.com, the New York Giants currently have approximately $17,855,970 in salary cap space with 91 players (one on Injured Reserve – linebacker Uani ‘Unga) currently under contract. Only the top 51 player salaries for a team count against the salary cap in the offseason.
(Note: NFL Player Association records say the Giants have $18,160,235 in salary cap room, including two players on Injured Reserve – linebacker Uani ‘Unga and wide receiver Ben Edwards).
Spotrac.com overview of the New York Giants salary cap situation:
- 2016 NFL Salary Cap: $155,270,000
- 2015 Rollover Cap: $11,193,231
- Adjustment: $856,928
- New York Giants Adjusted Salary Cap: $167,320,159
- All Contracts: $157,308,557
- Top 51 Contracts: $139,233,557
- Injured Reserve Money: $525,000
- Dead Money: $9,705,632
- Total (All): $167,539,189
- Total (Top 51 Contracts): $149,464,189
- Cap Space (All): -$219,030
- Cap Space (Top 51 plus Draft Pool): $17,855,970
- Cap Space (Top 51 Contracts): $17,855,970
The top five sources of the dead money are:
- Offensive Tackle Will Beatty ($5,000,000)
- Offensive Guard Geoff Schwartz ($1,916,667)
- Linebacker Jon Beason ($1,466,668)
- Punter Steve Weatherford ($875,000)
- Defensive End Damontre Moore ($143,813)
The top-10 players currently counting the most against the team’s 2016 salary cap are:
- Quarterback Eli Manning ($24,200,000)
- Defensive End Olivier Vernon ($13,000,000)
- Defensive End Jason Pierre-Paul ($9,400,000)
- Cornerback Dominique Rodgers-Cromartie ($8,000,000)
- Cornerback Janoris Jenkins ($8,000,000)
- Defensive Tackle Damon Harrison ($6,600,000)
- Running Back Shane Vereen ($4,916,666)
- Wide Receiver Victor Cruz ($4,400,000)
- Linebacker J.T. Thomas ($4,000,000)
- Wide Receiver/Returner Dwayne Harris ($3,800,000)
NFL Player Association listing of the teams with the most salary cap room:
- San Francisco 49ers: $49,504,146
- Cleveland Browns: $42,811,540
- Jacksonville Jaguars: $40,839,499
- Carolina Panthers: $26,266,272
- Tennessee Titans: $25,145,195
- Chicago Bears: $22,048,450
- New York Giants: $18,160,235
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