Salary cap space and contract structure are always of interest to New York Giants fans. So, let’s go through what some of the contract the Giants have signed players to in NFL free agency look like.
Using the Top 51 rule, Over the Cap shows the Giants with $25.8 million in cap space. As you should realize by the end of this post, though, that number is meaningless since not all contracts agreed to are accounted for.
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Jermaine Eluemunor
Total: Three years, $39 million
Fully guaranteed money: $25.45 million
Base salary: 2026 — $1.3 million | 2027 — $12.4 million | 2028 — $11.35 million
Guaranteed salary: 2026 — $1.3 million | 2027 — $12.15 million | 2028 — $0
Prorated signing bonus: $12 million ($4 million per year)
Per game roster bonus: $1.35 million ($450K per year | $26,471 per game)
Workout bonus: $200,000 per year
Cap number: 2026 — $5.923 million | 2027 — $17.05 million | 2028 — $16 million
If the Giants were to choose to, they could get out of Eluemunor’s contract before the 2028 season with $4 million in dead money and $12 million in cap savings.
Patrick Ricard
Total: Two years, $7.63 million
Fully guaranteed money: $3.54 million
Base salary: 2026 — $1.34 million | 2027 — $2.34 million
Guaranteed salary: 2026 — $1.34 million | 2027 — $0
Prorated signing bonus: $2.2 million
Per game roster bonus: $800,000 ($400K per year | $23,529 per game)
2027 roster bonus: $750,000 due if on the roster on the fifth day of the 2027 league year
Workout bonus: $100,000 per year
Cap number: 2026 — $2.798 million | 2027 — $4.69 million
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In effect, this is a one-year contract. The Giants can get out of it in 2027 with $1.1 million in dead money while saving $3.59 million against the cap.
Chris Manhertz
Total: One-year, $1.4875 million
Fully guaranteed money: $262,500
Base salary: $1.3 million
Prorated signing bonus: $62,500
Per game roster bonus: $100,000
Workout bonus: $25,000
Guaranteed salary: $200,000
Cap number: $1.2625 million
If Manhertz somehow failed to make the roster the Giants would be out only $262,500.
Jason Sanders
Total: One-year, $1.425 million
Fully Guaranteed Money: $300,000
Base salary: $1.3 million
Guaranteed salary: $200,000
Prorated Signing Bonus: $100,000
Workout bonus: $25,000
Cap Number: $1.2 million
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The contract, with only $300,000 guaranteed, makes it pretty clear the Giants are not handing Sanders their placekicking job. He will have to beat out Ben Sauls to earn it.
Isaiah Hodgins
Total: One-year, $1.24 million
Fully Guaranteed Money: $0
Base salary: $1.215 million
Guaranteed salary: $0
Prorated Signing Bonus: $0
Per Game Roster Bonus: $0
Workout bonus: $25,000
Cap Number: $1.1 million
Evan Neal
Total: One-year, $1.215 million
Fully guaranteed money: $0
Base salary: $1.215 million
Guaranteed salary: $0
Prorated bigning bonus: $0
Per Game roster bonus: $0
Workout bonus: $0
Cap number: $1.075 million
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It is pretty clear the Giants are guaranteeing Neal nothing but an opportunity. They recoup the full $1.075 million if he does not make the roster.
Contracts not factored in
G Aaron Stinnie
LB Tremaine Edmunds
TE Isaiah Likely
CB Greg Newsome
P Jordan Stout
S Ar’Darius Washington
S Jason Pinnock
S Elijah Campbell
WR Calvin Austin
WR Darnell Mooney
[NOTE: Information for this post was gleaned from both Over the Cap and Spotrac.]
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