Giants' Hakeem Nicks, David Diehl, & Chris Snee Hit Contract Escalators

[RoanokeFan]

http://www.giants101.com/2013/01/31/...ct-escalators/

Excerpt: "The New York Giants are a projected $4.7 million over the salary cap (possibly more depending on what you read). With an additional $5 million of cap hits coming up after signing the team's draft picks, Big Blue has to clear around $10+ million of cap space between now and the start of training camp. That's without signing any free agents.

Although that sounds like a monumental task, it's doable given the amount of veterans on the roster that are primed to restructure their contracts. However, with Hakeem Nicks, Chris Snee and David Diehl each hitting escalators in their current deals, that task gets a little tougher.

Escalators can come from multitude a number of factors. Most of them are performance based and can result from gaining a certain number of yards, playing a minimum number of snaps, winning a certain award, playing a particular position or any one of a seemingly endless list of possibilities. There is no telling exactly why each of the aforementioned players will see an increase in their 2013 salaries, but they will cause the Giants salary cap number to be $975,000 higher than it otherwise would have been.

Wide receiver Hakeem Nicks will see his 2013 base salary raise from $2.425 million to $2.725 million after hitting escalators in his rookie contract. Right guard Chris Snee will earn an additional $250,000 next season, which pushes his base salary to $6.7 million. Lastly, and perhaps most surprisingly, right tackle David Diehl is slated to earn $4.475 in 2013 after earning $375,000 in escalators. Diehl is expected to restructure before the beginning of next season, or else is unlikely he returns to the team." Read more...

[Toadofsteel]

Which of our players under contract in 2013 are cut-friendly? I know TT is becuase he can just be voided on the spot with zero cap hit thereafter, but who else?

[Flip Empty]

I wasn't aware that they offered up escalators for poor performances.

Which of our players under contract in 2013 are cut-friendly? I know TT is becuase he can just be voided on the spot with zero cap hit thereafter, but who else?

None with zero cap hit, but Canty and Boley are among the more "cuttable" players.

[RoanokeFan]

I wasn't aware that they offered up escalators for poor performances.

None with zero cap hit, but Canty and Boley are among the more "cuttable" players.

As is Bradshaw

[jomo]

Lol on the Diehl escalators. He has given alot to this team but if we cut him, no one would notice. This may be the moment to grab the low hanging salary cap fruit.

[BigBlueAllDay]

T2 is very cuttable with only a $750K cap hit and the Giants will most likely avoid his $6 million 2013 option bonus. He's getting a completely new contract or he's gone.

[Captain Chaos]

Diehl is likely gone Snee could be restructured and Nicks contract isn't bad for a healthy WR of his caliber. I think Boley and potentially Webster could join Diehl to create some cap space. Of course you have to have players to step up, LB we're OK and Brewer is a key (don't have to sign another Tackle); however, we have a dearth of CBs. Webster will be a tough decision.

[Redeyejedi]

Which of our players under contract in 2013 are cut-friendly? I know TT is becuase he can just be voided on the spot with zero cap hit thereafter, but who else?

I dont like this belief that restructuring can solve everything. U still have to pay those players. Eventually u will get tons of un-cuttable contracts when u need to reup someone like JPP and there is no money or u have to let go 3 or 4 quality depth players. Giants should of cut the overpaid guys last year. I know they were trying to repeat but they are digging a hole now

[Kruunch]

I dont like this belief that restructuring can solve everything. U still have to pay those players. Eventually u will get tons of un-cuttable contracts when u need to reup someone like JPP and there is no money or u have to let go 3 or 4 quality depth players. Giants should of cut the overpaid guys last year. I know they were trying to repeat but they are digging a hole now

Restructuring a contract doesn't mean just rolling up a percentage into a signing bonus. It's also what they call it when they want to pay a player less (as will probably be the case with DD in 2013).

Also you have to believe that the Giants FO isn't doing anything in a vacuum. They understand (better than us I should think) that there are consequences down the road and they have access to as many calculators as they need to make the contracts they do sign, work.

Also I believe there is a cap bump due in 2014, which many don't take into account.

[gumby74]

I dont like this belief that restructuring can solve everything. U still have to pay those players. Eventually u will get tons of un-cuttable contracts when u need to reup someone like JPP and there is no money or u have to let go 3 or 4 quality depth players. Giants should of cut the overpaid guys last year. I know they were trying to repeat but they are digging a hole now

True, but we still have let's say a 4-5 year window (What's left of Eli's career) to win another SB. After that time, we'll be in rebuilding mode anyway. Either we're going to suck less with no salary cap casualities, or we're going to suck a ton, with lots of salary cap casualties. So restructuring during times like this, I have no problems with. We're in win now mode.