National Football League game between the New York Giants and the Philadelphia Eagles on December 29, 2019 at MetLife Stadium in East Rutherford, NJ. (Photo by Rich Graessle/Icon Sportswire via Getty Images)
For example, the New York Giants are currently projected to have cap space that’s in the red ($3,373,297) according to Over the Cap, who has been working off a $176 million cap estimate.
The top-5 Giants salary cap hits—cornerback James Bradberry, tackle Nate Solder, guard Kevin Zeitler, receiver Golden Tate and linebacker Blake Martinez—account for 40% of the Giants projected cap liabilities (again, based on a league-wide $176 million).
Martinez has emerged as a leader on the Giants defense, and like Bradberry, has been worth every penny. With that said, if the Giants were looking to save roughly $2 million on his 2021 cap hit, they could extend his deal one more year and convert the non-guaranteed portion of his P5 base salary into an upfront bonus.