According to the sports finance website spotrac.com, the Giants currently have 43 players under contract and a 2012 current cap figure of $111,681,603. That includes all of the activity over the past week. RB Brandon Jacobs, who was released yesterday, is still hitting the cap figure with a buy-out number of $1,962,500.
The salary cap number is scheduled to be released on Monday according to our friends at Pro Football Talk:
"The amount has been cloaked in mystery and confusion for several weeks. With the new CBA providing for salary and benefits to come out of one total pot and with benefits being more costly than expected, the salary figure necessarily will be lower than expected, and more creativity than elbow grease will be needed to get it all together.
There’s not an overabundance of complaining in league circles about the situation, for now. But if the salary cap ends up being the same as it was last year as a time when the NFL’s popularity and revenues continue to grow, there will be plenty of complaining later." - Mike Florio
The complaining Mike is referring to is due to the windfall the league is expected to see over the next ten years from the new television deals. Forbes recently projected those revenues to be in the neighborhood of $6 billion annually. To still maintain a $120 million salary cap through times when revenues are quadrupling is not going to cut it...