Here’s a look at the contracts they’ve given out that SNY obtained from NFL sources, plus a look at the cap room they were able to clear. At the end is an estimate of what the Giants have left – though keep in mind some important contract information is still unknown.
Contract extensions
DL Leonard Williams: Three years, $63 million ($45 million guaranteed)
$22.5 million signing bonus. $3.5 million salary in 2021 and $19 million salary in 2022 (both guaranteed). $18 million salary in 2023. 2021 Cap hit: $11 million.
EXTRA 2021 CAP ROOM CREATED: $8.3 million.
Pay cuts/restructures
T Nate Solder: He was due $9.9 million in salary and another $100,000 in bonuses in 2021. He agreed to cut his 2021 salary to $3 million. They also made the same cut to his 2022 salary and reportedly eliminated the $4 million roster bonus he would’ve been due in 2022. The Giants also made the same cut to his, according to an NFL source. 2021 Cap hit: $9.6 million
EXTRA 2021 CAP ROOM CREATED: $6.9 million
CB James Bradberry: He was due $13.9 million in salary in 2021, but $8 million of that was converted to a bonus and paid out immediately. His new salary is $5.9 million. That allowed the amount of the bonus to be spread out over the remainder of his contract for salary cap purposes. 2021 Cap hit: $13.2 million
EXTRA 2021 CAP ROOM CREATED: $4 million.
LB Blake Martinez: He was due $8.125 million in salary in 2021, but $7 million of that was converted to a bonus and paid out immediately. His new salary is $1.125 million. That allowed the amount of the bonus to be spread out over the remainder of his contract for salary cap purposes: 2021 Cap hit: $6.725 million.
EXTRA 2021 CAP ROOM CREATED: $3.5 million
Free-agent contracts
DT Austin Johnson (re-signed):
One year, $3 million (all guaranteed).
$1.5 million salary, $1.5 million roster bonus (due Friday). $500,000 in playing time incentives.
2021 cap hit: $3 million
RB Devontae Booker: Two years, $5.5 million ($2 million guaranteed).
$2 million signing bonus. $1.5 million salary in 2021. $2 million salary in 2022. $500,000 in incentives.
2021 cap hit: $2.5 million.
WR John Ross: One year, $2.5 million ($1 million guaranteed).
$500,000 signing bonus. $1.25 million salary. $500,000 roster bonuses. $250,000 in incentives.
2021 cap hit: $1.8 million.
QB Mike Glennon: One year, $1.35 million ($425,000 guaranteed).
$275,000 signing bonus. $1.075 million salary. $750,000 in incentives.
2021 cap hit: $1.35 million
TE Kyle Rudolph: Two years, $12 million ($4.5 million guaranteed).
$4.5 million signing bonus. $2.5 million salary in 2021. $5 million salary in 2022. $2 million in incentives.
2021 cap hit: $4.75 million
LB Reggie Ragland: One year, $1.2 million.
$990,000 salary. $137,500 in bonuses. Contract qualifies for the “veteran salary benefit”.
2021 cap hit: $987,500
LS Casey Kreiter (re-signed): One year, $1.12 million
$990,000 salary. $137,500 in bonuses. Contract qualifies for the “veteran salary benefit”.
2021 cap hit: $987,500
FB Cullen Gillaspia: One year, $850,000
$850,000 salary.
2021 cap hit $850,000
DE Ifeadi Odenigbo: One year, $2.5 million
Details unknown
Estimated 2021 cap hit: $2.5 million
WR Kenny Golladay: Four years, $72 million ($40 million guaranteed)
$17 million signing bonus. $1 million salary in 2021. $13 million salary and $4.5 million roster bonus in 2022. $13.25 million salary and $4.5 million roster bonus in 2023. $14.25 million salary and $3.5 million roster bonus in 2024. $1 million per year in incentives. Plus a fifth-year (2025) that automatically voids.
2021 cap hit: $4.5 million
CB Adoree’ Jackson: Three years, $39 million ($26.5 million guaranteed)
$13.5 million signing bonus. $2.5 million salary in 2021. … Remaining terms unknown
Estimated 2021 cap hit: $6 million
LB Ryan Anderson: One year, $1.12 million
$990,000 salary. $137,500 in bonuses. Contract qualifies for the “veteran salary benefit”.
2021 cap hit: $987,500
G Zach Fulton: One year, terms unknown
How much cap space do the Giants have left?
They started with about $3 million to spend and then added $15.2 more, thanks to Williams and Solder, and then cleared another $7.5 million with Bradberry and Martinez, giving them a total of about $25.7 million in cap space to use.
Since then, they’ve spent roughly $31.2 million in cap space signing or re-signing 13 players – though again, keep in mind the details of several contracts (including Adoree’ Jackson’s) are still unknown.
Remember, the salary cap only counts the Top 51 players, so for each of the 11 new players the Giants have signed, one player is removed from the list. Those players are roughly worth about $9.5 million in total cap space.
That would leave the Giants with about $3.5 million in cap space remaining.
They will likely need about $3.5 million in space for their 2021 draft class, though they won’t need that money until those picks actually sign. There are other moves the Giants could make to clear more space, including restructuring the contract of WR Sterling Shepard or perhaps a late cut or two of a veteran player.
