Giants in a bas financial situation heading into the offseason
It looked as if the New York Giants were going to be under the 2021 NFL salary cap, but it turns out that isn’t the case at all.
Zack Rosenblatt of NJ.com explained why the Giants are now over the cap.
Due to the Proven Performance Escalator in the the NFL’s collective bargaining agreement, the Giants will actually be paying more money to a few players than they normally would based on the contracts they signed as drafted rookies. As explained by OTC, the PPE is determined based on how much playing time a drafted player earns through their first three seasons. What round they are drafted in — and if they make the Pro Bowl — are also factors.
Due to the explanation above, four players on the Giants will see salary increases, which is why they will be over the cap. Here they are:
- -G Will Hernandez: $2.37 million to $3.05 million
- EDGE Lorenzo Carter: $1.299 million to $2.44 million
- -DT B.J. Hill: $1.28 million to $2.44 million
- -CB Isaac Yiadom: $954,250 to $2.18 million
With the NFL, like many sports leagues, struggling financially due to the COVID-19 pandemic, the salary cap is expected to drop next season, so this is not good for the Giants and many other teams hoping to improve their rosters.
I would be surprised if the Giants don’t release veterans like Nate Solder, Kevin Zeitler, Will Hernandez, Golden Tate and others because it would free up some much needed cap space.