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...