Although the official beginning to the NFL offseason is quite a ways away, all 32 teams have already begun making adjustments and preparations for the 2013 season. On the eve of the regular season finale, under the new Collective Bargaining Agreement (CBA), teams had to designate how much money they would carry over into 2013. For the New York Giants, who were eliminated from the playoffs on the final day of week 17, that number is $1 million. It also puts them $4.7 million over what will be the 2013 cap.
They aren't alone, however. There are nine other teams who are over the 2013 projected cap, including two NFC East rivals.
- Dallas Cowboys – $18.2 million over
- New York Giants – $4.7 million over
- Washington Redskins – $ million over
- Philadelphia Eagles – $5.2 million under
The 2012 cap of $120.6 million will increase in 2013, but only by $300,000 to $120.9 million. This minimal change will put pressure on all teams over the cap, including the Giants. But, as we've seen in the not so distant past, General Manager Jerry Reese is very good at making necessary adjustments to clear space. And with several big contracts likely to be restructured or terminated (see: David Diehl, Ahmad Bradshaw, Kenny Phillips and Terrell Thomas), Big Blue shouldn't have any lingering issues once free agency begins.
Still, with wide receiver Victor Cruz seeking a new contract worth $8 – $10 million per season, and teammate Hakeem Nicks likely to soon seek a new deal of his own, there's a lot of work to do.
Also worth noting is that under the new CBA, there is a salary cap floor. In 2013 (and beyond), all teams must spent at least 95% of the cap.
Additional details from Ask the Commish:
In 2013 and beyond, they must spend 95% of the cap. In the event that player costs are less than this overall league minimum, then, on or before April 15 of the next League Year, the NFL shall pay an amount equal to such deficiency directly to the players.
In terms of minimum salary for each team, the salary floor is 89% of the cap. However, that does not start until 2013. Hence, there is in essence no salary floor in 2011 or 2012.
Also…Ahmad Bradshaw, Football, Hakeem Nicks, Jerry Reese, Kenny Phillips, New York, New York Giants, NFL, Terrell Thomas, Victor Cruz