The New York Giants would save over $40 million in cap space this offseason by making these moves.
Having a bunch of overpaid and unproductive veteran players on your roster is the worst thing for a rebuilding team.
When a team is good, a bad contract gets ignored.
When a team is bad, a bad contract is not forgotten.
The Giants are currently projected to have $32 million in cap space entering the offseason.
With these four moves, they could easily have over $70 million in cap space.
Cap Space Saved: $6.5 million
ESPN’s Jordan Raanan recently mentioned how Alec Ogletree’s “big” roster bonus ($7 million) from last March may keep him in New York for a second season.
But he really doesn’t deserve it.
Ogletree is Pro Football Focus’ 81st ranked linebacker with the second-worst grade in coverage among eligible linebackers.
Cap Space Saved: $7.75 million
Similar to Ogletree, Janoris Jenkins is graded horribly by Pro Football Focus (82nd at his position).
With a cap hit of almost $15 million next season, there seems to be no way in hell that he returns in 2019.
Cap Space Saved: $11.5 million
With only 10 tackles in six games, everyone is wondering if Olivier Vernon is hurt or just simply not very good anymore.
And every time his name pops up in a telecast, it’s usually for a penalty he commits.
Rookie edge rusher Lorenzo Carter has emerged as a potential starter heading into next season, making Vernon and his enormous $19.5 million cap hit expandable.
Cap Space Saved: $17 million
It may seem obvious on the surface, but cutting bait with two-time Super Bowl MVP Eli Manning is the hardest decision they will have to make – maybe, in franchise history.
And the worst part for the Giants is the fact that Manning seems interested in playing beyond this season.
So, him retiring and saving the Giants the agony of actually releasing him looks unlikely.
But there’s no question this move needs to be made.
$17 million in cap space is an offseason-changing number.