Jump to content
SportsWrath

Eli Restructures


기둥서방
 Share

Recommended Posts

The Giants were reportedly $8 million or so over the salary cap and needed to get down by the start of the league year this coming Tuesday, so it was likely players like Brandon Jacobs would have to take a pay cut or get cut.

 

One other option was to do a simple restructuring of a big contract. The team has done just that with Eli Manning.

 

Per NFL Players Association records, the Giants guaranteed $9 million of Manning's $10.75-million base salary for the 2012 season, which allows the team to spread the cap hit over the remaining four years of his contract. Manning's new base salary is $1.75 million.

 

Manning's 2012 cap number shrunk from $16.35 million to $9.6 million, saving the Giants $6.75 million on this year's cap.

 

The move doesn't hurt Manning at all. In fact, it only helps him. He gets that $9 million right now, as opposed to waiting for the season. Plus, it was previously non-guaranteed money, so there was a chance he wouldn't have gotten it. Because, you know, he might've gotten cut before the season began.....................

 

........moving on........

 

While Manning's cap number grew smaller this season, the numbers for the next three years grew by $2.25 million each. A look at his cap numbers:

 

2013: $20.85m (was $18.6m)

2014: $20.4m (was $18.15)

2015: $19.75 (was $17.5)

 

* * * *

 

Also, NFLPA records show the Giants have re-signed both of their exclusive rights free agents: TE Jake Ballard and CB Bruce Johnson. Once they tendered those players, they had no choice but to come back to the team. The Giants are hopeful Ballard, coming off ACL surgery, can play at least part of next season. Johnson is working his way back from a torn Achilles tendon suffered in training camp last summer.

 

http://www.nj.com/giants/index.ssf/2012/03/giants_eli_manning_restructure.html?utm_source=twitterfeed&utm_medium=twitter&utm_term=%23nyg

Link to comment
Share on other sites

Good stuff. But doing some quick estimation, that means they are still over a little, right? I suppose with the Jacobs cut, they will be under. But they still have to clear much more room because they have to sign all their picks and still be able to field a 53 man roster.

Link to comment
Share on other sites

Essentially what happened here, from the technical salary cap perspective of it, is Eli agreed to restructure his contract so that he only makes 1.75 million this year. The incentive to do such a restructuring is a nine million dollar signing bonus (this is obviously a misnomer, as Eli was due to make this money this year anyway), which is paid to Eli up front, and counts against the cap, but the cap hit is defrayed equally over the remaining years of the contract, hence the 2.25 million dollar figure over the remaining four years.

 

So this works for everyone...Eli gets paid exactly what he was going to get paid anyway, and the Giants get to take nine million dollars of cap hit money and soften the hit over four years instead of taking it all in one.

 

The Jets just did this exact thing with D'Brickashaw Ferguson (however you spell it)....the only real downside of such a move is in the event you must release or trade the player, in which case the cap hit of the bonus money all gets accelerated into one year. Absolutely don't mean to jinx anything, but there is very little reason to think or worry that Eli will not play out his contract here.

 

 

 

-Z

Link to comment
Share on other sites

I realy can't believe Chad Jones is making more than Victor Cruz.

 

Uh, why's that hard to believe? Chad Jones was a 3rd rounder, Cruz undrafted. They are young players that are still in their rookie contracts, lol.

Link to comment
Share on other sites

Uh, why's that hard to believe? Chad Jones was a 3rd rounder, Cruz undrafted. They are young players that are still in their rookie contracts, lol.

I am just looking at the way things played out for both players in retrospect.
Link to comment
Share on other sites

Good stuff. But doing some quick estimation, that means they are still over a little, right? I suppose with the Jacobs cut, they will be under. But they still have to clear much more room because they have to sign all their picks and still be able to field a 53 man roster.

 

Seems to be a Giant delemma every season. At least this year they are drafting at the bottom of the order. Should help save some money. :flex:

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...