The ongoing effort to recapture as much salary cap space as possible for the New York Giants continued over the weekend when they restructured the contract of kicker Graham Gano.
The Giants converted $2.63M of kicker Graham Gano’s salary into a bonus, creating $1.753M in cap space. A void year was also added to his contract.
GM Joe Schoen has said he preferred not to do this in ideal world, but it apparently was necessary with Giants tight vs cap.
— Jordan Raanan (@JordanRaanan) March 21, 2022
In 2020, Gano signed a three-year, $14 million contract that included a $3.25 million signing bonus with $9.5 million guaranteed. Gano’s cap hit for for both 2022 and 2023 was $4,671,296.
The Giants are reportedly under the salary cap (Top 51) by less than $400,000 at the moment but are still carrying James Bradberry and Saquon Barkley’s contracts, two players the team hopes to trade.
Should the Giants manage to trade both, they could clear approximately $18 million in salary cap space, but by that time there may not be any big-ticket free agents left on the market to sign.
Gano, meanwhile, is one of the few Giants players to earn their keep in recent seasons. He made 29 of his 33 field goal attempts and all 17 of his point after attempts in 2021.
