The Giants create some additional cap flexibility.
This helps create some cap room for the organization with the regular season approaching. The Giants take on the Broncos at 4:25 p.m. ET this Sunday afternoon.
The #Giants converted most of the base salary of DB Logan Ryan into a signing bonus, creating more cap space heading into the season, source said. Ryan, recently voted a captain, spreads the signing bonus over the remaining years of his contract for cap purposes.
— Ian Rapoport (@RapSheet) September 7, 2021
Dan Duggan of The Athletic reports the financial move should add approximately $2 million to Ryan’s cap hits in both 2022 and 2023, the final two years of his current contract. The veteran defensive back agreed to a three-year extension last December.
Ryan’s base salary was $5.5M. This should add about $2M to Ryan’s cap hits in 2022 and 2023 https://t.co/9BR8nNpZ3X
— Dan Duggan (@DDuggan21) September 7, 2021
Another minor restructure for the Giants. …
Logan Ryan's scheduled salary for 2021 was $5.5M. Depending on the details, this probably clears about $4M in cap space. The Giants were only around $3.5M under the cap, per NFLPA records. https://t.co/8uVkEiDCrl
— Ralph Vacchiano (@RVacchianoSNY) September 7, 2021
Increasing the amount of available cap room could assist the Giants with any sort of emergency throughout the 17-game slate, such as if a free agent needs to be signed to help fill the void left by an injured starter.