2012 NFL Free Agents: Tracking New York Giants Signings, Targets and Rumors

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2012 NFL Free Agents: Tracking New York Giants Signings, Targets and Rumors
Jonathan Daniel/Getty Images

Available Cap Space (projected)

The Giants were $6.5 million under the projected new cap, and I spent $17.9 million re-signing players, meaning they would be $11.4 million over the 2012 cap. 

Caveats

The thing about the salary cap is I'm adding up the average salaries for each player I re-signed, when in reality the Giants could backload a bunch of the contracts. 

Another thing is I have not addressed who the Giants could let go to get rid of some cap space. If you take Brandon Jacobs, David Diehl and Osi Umenyiora off the books, that's over $15 million in cap room right there, according to Spotrac.com's numbers for their 2012 cap hit. 

Combine that with some players who could restructure their deals and you're under the cap already. Unfortunately, this leaves little room for the Giants to do much in the free-agency period, which is what we're looking at if the Giants plan on bringing a bulk of their players back. 

Not to mention, these values are purely based on my opinion. It could end up costing the Giants a lot less. Unfortunately it could also cost more, but let's hope not. 

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