Giants 2013 Salary Situation: Breaking Down New York's Current Cap Status

Brad Gagnon@Brad_Gagnon NFL National ColumnistMarch 12, 2013

SAN FRANCISCO, CA - OCTOBER 14:  Head coach Tom Coughlin of the New York Giants directs his team before a game against the San Francisco 49ers on October 14, 2012 at Candlestick Park in San Francisco, California.  (Photo by Brian Bahr/Getty Images)
Brian Bahr/Getty Images

It won't surprise anyone if the New York Giants stay extremely quiet in free agency. The Giants don't have the money to invest in big-name free agents and aren't usually wheelers and dealers on the open market anyway. 

New York has already had to part ways with three 2012 starters and has five more on the free-agent market. History indicates the focus will be on those guys, not outsiders. Plus, the Giants are concerned with top receivers Hakeem Nicks and Victor Cruz, both of whom are essentially slated to enter contract years in 2013. As a restricted free agent, Cruz could even be snapped up by a poacher this offseason, although the likelihood of that happening is low. 

A lot can be done to make room for guys if a team really wants to bring them in. The Giants might only have a couple million dollars' worth of space right now, but they still found a way to get a deal done for Cullen Jenkins on the weekend. You just have to be creative. So with that in mind, we'll still have a finger on the team's pulse as this process continues. Follow along right here, and here

Updated cap space (estimate on March 18): Less than $1 million


Updated Signings

Brandon Myers: Four-year, $14.25 million contract with $2.25 million guaranteed

Contract value grade: A+

Jenny Vrentas of the Newark Star-Ledger reports that each of the last three years are voidable at $4 million per. Thus, it's essentially a one-year, $2.25 million deal for one of the most productive tight ends in the league. Almost hard to believe.


Cullen Jenkins: Three-year, $8 million contract with $3 million guaranteed

Contract value grade: A

Jenkins will almost certainly start from the get-go and should be able to boost the Giants' pass rush from the inside. For only $3 mil guaranteed, that's excellent value. Now, he's 32 years old and probably past his prime, but the Giants can essentially cut him free of charge after the 2013 season if, say, Marvin Austin emerges. This was a great signing.


Will Beatty: Five-year, $37.5 million contract with $19 million guaranteed

Contract value grade: C

The Giants did what they had to do here. I get it. Sometimes you have to overpay for players who are integral to the operation, and they can't afford to leave Eli Manning out to dry like they have in years past. Beatty had a breakout season on Manning's blind side in 2012 and deserves this job going forward, but $19 million in guaranteed money is a huge commitment for a 28-year-old with one good year under his belt and a tough injury history.