With all of the moves they have made, the New York Giants should now be under the $208.2 million salary cap once all of the accounting is done.
Over The Cap still lists the Giants as $3.72 million over the cap. The pay cuts accepted by wide receiver Sterling Shepard and linebacker Blake Martinez have not yet shown up in the OTC database.
Estimates — and that is what they are — show that the pay cuts taken by Martinez and Shepard should save the Giants $10-10.5 million against the cap. If Newsday’s Tom Rock is right, the savings could be a couple million more.