Giants Country

Giants Clear Additional Salary Cap Space

General manager Joe Schoen performed some salary cap gymnastics to give the club some breathing room in which to operate.

Patricia Traina

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New York Giants general manager Joe Schoen has been busy of late figuring out plans to clear more cap space beyond the $$1,373,753 they currently have per Over the Cap, an amount which is the third-lowest amount of space in the league and a number that doesn't yet reflect any cap savings the team might have gained from extending kicker Graham Gano to a three-year deal on Friday.

According to ESPN, Schoen and the Giants have converted the base salaries of linebacker Bobby Okereke and defensive tackle Dexter Lawrence to signing bonuses, which will result in an additional $1.55 million in cap space.

Okereke, signed as an unrestricted free agent from the Colts this past off-season, carried a base salary of $1.9 million, while Lawrence, who just signed a new contract this year, had a base of $2.25 million.

Both players will see their respective 2023 base salaries lowered to $1.08 million, the minimum for players with their respective accrued experience.

The additional cap space, including the projected savings on the Gano deal, should give the Giants around $5 million of cap space, plenty to work with to make standard operating moves each week.

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Patricia Traina
PATRICIA TRAINA

Patricia Traina has covered the New York Giants for 30+ seasons, and her work has appeared in multiple media outlets, including The Athletic, Forbes, Bleacher Report, and the Sports Illustrated media group. As a credentialed New York Giants press corps member, Patricia has also covered five Super Bowls (three featuring the Giants), the annual NFL draft, and the NFL Scouting Combine. She is the author of The Big 50: The Men and Moments that Made the New York Giants. In addition to her work with New York Giants On SI, Patricia hosts the Locked On Giants podcast. Patricia is also a member of the Pro Football Writers of America and the Football Writers Association of America.

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