There have been a lot of articles about the salary cap by team. Unfortunately, reports can be misleading mostly because at this point in time, teams have way more players on their rosters than they can keep after final cuts. Many players will not ultimately count against the salary cap as they will be cut.
Let's look at my current Giants' salary cap numbers. I only keep players on my list if they have a pretty good chance of making the roster.
I have 54 players that will count $115.9 million against the 2013 salary cap.
Let's assume that the Giants pay $4.5 million for 8 players selected in the draft.
The total salary cap cost would be $120.4 million
That gives them 62 players. Assume 9 players costing $500,000 get cut (to reduce the roster to 53), saving a total of $4.5 million, this brings the salary cap cost to $115.9 million, leaving the Giants $8.0 million under the salary cap. There may be a small amount left over from 2012 or borrowed from 2013 in 2012 (reducing the 2013 cap) but that is the rough number that the Giants can spend. I wouldn't be completely surprised if the Giants signed a significant player in a need position in the next month.
According to Spotrac.com, the Giants have approximately $4.4 million in cap space at the current time. Below are the figures that helped them arrive at that number.Not sure if Matt is factoring in the 'dead money', which consists of prorated bonus paid out to players who are no longer with the team. For instance, when a player restructures his contract, his bonus gets prorated out evenly throughout the life of the contract. If the player is cut or traded before the contract expires, any remaining prorated bonus is still carried by the team's books.
Here is the tally of the Giants' 2013 dead money as per the website overthecap.com:No one is 100% sure of how the league applies the salary cap rules, but I'm going to trust Spotrac this time around.