The New York Giants have reworked the contract of cornerback Josh Jackson, who they got from the Green Bay Packers three weeks ago in a straight-up trade for cornerback Isaac Yiadom.
Giants CB Josh Jackson agreed to a reworked deal for the final year of his rookie deal. He’s now due a base salary of $920K (previously $1.33M). New York is close to the cap and this creates a bit more space as well.
— Field Yates (@FieldYates) September 6, 2021
According to Spotrac, the Giants’ Top 51 number is $186,1562,571 which is $1,068,716 over the NFL’s allowable salary cap for 2021. This move should get them close, but the real issue is how are they so close to the cap even after all the moves they made recently for low-level talent?
The Giants don’t have any major cap hits that appear to be egregious. James Bradberry’s $13.250 million is their largest cap charge. Only two other players — Leonard Williams ($11 million) and Saquon Barkley ($10,025,602) — have cap hits of over $10 million.
The Giants did a lot housekeeping this offseason but also turned over nearly 40 percent of their roster. They apparently spent all of their available cap space and are hoping they did so wisely.
Jackson will see his base salary drop from $1.33 million to $920K.
