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New York Giants QB Eli Manning Slated to Have League’s Highest Cap Number in 2013

February 28th, 2013 at 10:45 AM
By Dan Benton

'Eli Manning' photo (c) 2012, Mike Morbeck - license: When the new league year begins in a little less than two weeks, New York Giants quarterback Eli Manning will officially become the highest paid player in the NFL. His cap hit will account for $20.85 million, which is slightly more than Detroit Lions quarterback Matthew Stafford ($20.82 million).

As it stands, the Lions are in active negotiations with Stafford on a contract extension, which will lower his 2013 cap hit, making Baltimore Ravens quarterback Joe Flacco the second highest cap hit in the league at $20.35 million after the exclusive franchise tag is placed on him.

The immediate reaction to these numbers will be "Manning needs to restructure!" but Eli's 2013 cap number is already the result of multiple restructures. And with a flat cap projected over the next several years, restructuring what remains of his contract becomes a difficult, tedious and nearly impossible task given his cap numbers in 2014 and 2015, which are $20.4 million and $19.75 million respectively.

As a result of the aforementioned cap and contract situation, it's far more likely that the Giants and Manning workout a contract extension. But because he restructured his deal in early March of 2012, an extension would be considered a raise, meaning they can't begin negotiation until approximately March 8th of this year – at least that's the scenario as we understand it.

Whatever the case may be, expect the Giants and Manning to come to a new agreement that helps ease the burden here in 2013. However, don't hold your breath thinking it will be a Tom Brady-like new deal.

Update: As of today, the executive franchise tag for a QB is now $19.136 million, lowering Flacco's potential cap hit.


Tags: Baltimore, Baltimore Ravens, Detroit, Detroit Lions, Eli Manning, Football, Joe Flacco, Matthew Stafford, New York, New York Giants, NFL

6 Responses to “New York Giants QB Eli Manning Slated to Have League’s Highest Cap Number in 2013”

  1.  GOAT56 says:

    Yeah as F55 stated we need to extend Eli. And as Jfunk pointed out we will at some point be hit big-time salary cap wise by Eli but that should be when he’s retired or in his last year.

    I wonder though if this Brady contract set a different type of president as QBs get older. I took the Brady extension at a low number but guarantees raised to 60 mil as Brady protecting himself against age and/or injury. Look at Peyton, yes he was able to bounce back but image if that injury really ended his career and he was just cut. He would have lost a lot of money he expected to make. If Brady has a similar injury he’s protected. I wonder how Eli thinks about his later years because high guarantees help us salary cap wise but we are murdered salary cap wise if Eli ever gets injured and/or retires earlier than expected.

    I know every thinks Brady is crazy for taking so much less money in aggregate but in the time value of money, money is worth more today than in let’s say 4 years. Maybe it’s a new way for NFL players to think. A real guaranteed amount with significant money up front but sacrificing possibly more money in the future. If you look at Beatty I had posted an article that project Beatty would sign a 5 year 42.5 mil deal with 16 mil guaranteed and a 10 mil signing bonus. Beatty signed for 38.5 mil with 19 mil guaranteed and a 12.5 mil signing bonus. I actually think the deal he signed is better for him even though in total he possibly losses 4 mil. NFL contracts are rarely played out so players need to get money in their hands and as much guaranteed money as they can. I think this rationale is how we will have to keep players at lower cap numbers and stay under the cap.

    If you give Cruz 5 year 30 mil but guarantee 20 mil and give him 15 mil up front can that balance out him not getting the money per year he wants? That’s just a random example but I think it might have to be our solution to work around the cap with so many young players we would like to keep. But with a player like KP that’s what makes him tough to keep because it’s hard to give a possibly chronically injured player so much money upfront.

  2.  shmitty013 says:

    Ralph Vacchiano ?@RVacchianoNYDN
    I said last night I’m told Beatty’s 2013 cap number is around $3.5 million. … It’s that low because his 2013 salary is “only” $1 million.

    Jenny Vrentas ?@JennyVrentas
    Will Beatty’s base salaries: $1M (’13), $4.85M (’14), $5.5M (’15), $6.625M (’16) and $6.775M (’17). So ’13 cap# should be around $3.5M. #nyg

    •  GOAT56 says:

      This is part of the point I was making. With a salary cap number at over 9 mil by 2016 Beatty might not see the last year or two on this deal. He was smart to take more guarantees and money upfront rather than worry about the aggregate contract number because many times it’s meaningless in the NFL.

  3.  Dirt says:

    Here we go!

  4.  GOAT56 says:

    Offseason Playbook: Giants
    A look at New York’s philosophy, team needs and a key free-agent move

    Team philosophies

    Offense — The approach of this offense does not change a lot from year to year, but the personnel does — and there are some weaknesses to be worried about in 2013. By nature this is a run-first scheme with power man blocking up front and the ability to dominate between the tackles. The Giants like to use the run game to set up play-action for Eli Manning. But right now I’m not sure whether they have the personnel to do it. In the passing game, they like to use three wide receivers, and when they can play Victor Cruz in the slot, they are at their best. Manning does a good job of counting defenders in the box, will call a run or pass accordingly and seems to be more effective throwing inside instead of on the edges. He also throws a nice deep seam route.

    The Giants will involve their tight ends in the passing game, especially on underneath routes, and Manning is good on play-action passes in the red zone — if his run game is going well. A goal for this passing game in 2013 is for those receivers to do a better job of separating from tight end coverages and not asking Manning to put the ball into tight windows on every down.

    Defense — This remains a 4-3 defense under coordinator Perry Fewell, but it seems like the Giants have simplified their schemes and have become more assignment oriented. The key to this defense is the front four pass rush because the Giants do not like to blitz a lot, preferring seven defenders in coverage. And when that pressure is not there, they are really vulnerable in coverage on the back end. They can mix and match their pass-rushers, and their four-DE “NASCAR” package can be very effective, since they are constantly on the move with stunts and twists. On the back end, they try to play combo coverages with 4-2-5 looks (three safeties) and they try to avoid putting their cornerbacks on an island in man coverages. They are most comfortable in Cover 2 and Cover 3 looks. This is a smart, assignment-oriented defense that requires intelligent players.

    Team needs
    1. Cornerback — A year ago we thought this unit might be pretty effective, but injuries, mental and physical mistakes, and an unexpected mediocre pass rush turned it into a real liability. Corey Webster was supposed to be the Giants’ elite cover corner, but he was beaten deep far too often and was very susceptible to double moves. And now age and a big salary might force a change or restructuring. Prince Amukamara can be a solid player when he stays healthy, oft-injured Terrell Thomas might move to safety and nickel corner Jayron Hosley has talent but is inconsistent. The safeties were decent but this secondary likes to play with five defensive backs a lot in its base package, so help is needed.

    Re-signing Will Beatty will strengthen the Giants’ O-line.
    2. Linebacker — The second level of this defense lacks playmakers, especially versus the run, and that puts added pressure on the defensive line and safeties to stop the run. This unit could be devastated with losses if things don’t go well. Michael Boley has already been released, Chase Blackburn is an unrestricted free agent and Mathias Kiwanuka is moving back to defensive end. Their backups are decent depth players, but none of them looks like a starter.

    3. Offensive line — This group played pretty well in 2012, especially on the left side, but even with left tackle Will Beatty re-signed, if the Giants can’t lock up unrestricted free agent Kevin Boothe at left guard, this unit is in big trouble. The problems are on the right side, with center David Baas and RG Chris Snee suffering through a variety of injuries, while RT David Diehl didn’t play well last season, either. The coaches do like young James Brewer, who can play inside or outside, and he could replace Diehl. This is the most vulnerable this group has been in a long time.

    4. Defensive line — This has been one of the deepest units in the NFL for years, but now there are cracks showing in this group. Osi Umenyiora and Rocky Bernard are unrestricted free agents and could leave, and the coaches are hoping young players DE Adewale Ojomo and DT Markus Kuhn will come on and solidify this unit.

    5. Running back — With Ahmad Bradshaw gone, David Wilson is now the “bell-cow” back. His backup, Andre Brown, has skill, if healthy, and FB Henry Hynoski is an excellent lead blocker and an underrated receiver. For an offense that wants to run the football a lot, it needs another physical back.

    6. Tight end/wide receiver — There is talent at both of these positions, but is the consistency there? The Giants have acceptable starters, and if the backups step up to the next level, they will be in good shape, but if Martellus Bennett leaves, depth will be a problem.

    – Gary Horton

    Key free-agent move
    Chris Houston, CB, UFA

    The Giants secured their most important unrestricted free agent by inking a five-year contract with Beatty, who helped make Manning the least-sacked quarterback among full-season starters in 2012.

    A tight cap situation already has forced the Giants to move on from a number of veterans, including Bradshaw and defensive lineman Chris Canty.

    Operating under the premise that the Giants won’t be breaking the bank on other unrestricted free agents this offseason, one cornerback who fits their need at the position and shouldn’t command top dollar is Houston.

    Houston is a speed corner who played the best football of his career in 2011 when the upstart Lions were able to create consistent pressure on quarterbacks.

    The Giants, like Detroit, have a desire to create pressure from their defensive line, and if Justin Tuck and Jason Pierre-Paul produce in 2013 at the level they did in previous seasons before 2012, it should alleviate the stress on the Giants’ secondary.

    Houston isn’t a lockdown cornerback, but given the market and New York’s available spending limits, he’s a value addition with upside in the Giants’ defense.

  5.  shmitty013 says:

    @JennyVrentas: Will Beatty’s cap numbers: $3.55M (’13), $7.4M (’14), $8.05M (’15), $9.175M (’16), $9.325M (’17). #nyg

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