Giants Restructure Adoree' Jackson's Contract

General manager Joe Schoen, desperate to find any last bit of salary cap space, kicked the can down the road for yet another player contract. Here's what he did and why he likely chose this particular contract.

Patricia Traina | Apr 4, 2022

Giants Restructure Adoree' Jackson's Contract /

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New York Giants

New York Giants general manager Joe Schoen continues to be faced with having to unwind the mess that is the Giants current salary cap situation--a situation that, per ESPN's cap data, had the Giants with less than $1 million in cap space thanks to previous missteps.

Schoen's latest move to get the cap back to some semblance of health was to reach an agreement with cornerback Adoree' Jackson to lower his $15,264,706 cap number to approximately $11.76 million.

They converted $8.965 million of Jackson's cap figure to a signing bonus, added a voidable year to his deal (originally scheduled to end in 2023), and tacked on a voidable year to help absorb some of the brunt of the signing bonus.

The Giants have converted $8.965M of CB Adoree’ Jackson’s contract into a signing bonus (with a void year added), creating $5.98M in cap space, per source.

The G-Men were recently the only team in the league with under $1M in cap space, so this frees up some flexibility.
— Field Yates (@FieldYates) April 4, 2022

Based on the reported numbers, the above table shows what the rest of Jackson's original three-year, $39 million contract projects to look like.

Jackson's original cap number for this year was $16.5. He is due $9.5 million guaranteed this year, so his base salary combined with the upfront signing bonus covers that guarantee.

Jackson previously held the fourth-highest cap hit on the team, behind defensive lineman Leonard Williams, cornerback James Bradberry, and receiver Kenny Golladay.

The Giants have reportedly been looking to trade Bradberry since the start of the off-season. Schoen apparently doesn't want to give away the 28-year-old cornerback for a song and a dance, especially considering Bradberry is one season removed from a Pro Bowl berth.

It's unlikely that the Giants approached the 28-year-old Williams, who already has abnormally high cap figures of $27.3 million this year and $26.3 million in 2023, about restructuring, as doing so would have further inflated his already high numbers.

New York Giants wide receiver Kenny Golladay warms up on the field before the game at MetLife Stadium on Sunday, Sept. 26, 2021, in East Rutherford. — Danielle Parhizkaran/NorthJersey.com via Imagn Content Services, LLC

Golladay, 29, also has high cap hits exceeding $21 million in each of the remaining years of his contract, including $4.5 million guaranteed in 2023, which would make his contract a tricky one to restructure.

The Giants are estimated to need $12.58 million to sign their rookie class before training camp, so more work still needs to be done to clear additional space.

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Published Apr 4, 2022

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.