The New York Giants are not done making maneuvers with their salary cap situation. As of right now, even though they cleared out Chris Canty, Michael Boley and Ahmad Bradshaw, they only have around $4 million of cap space. Besides their own free agents, they are going to dip their toe outside the organization to fill holes and there’s still the draft to deal with.
The Giants are going to have to re-negotiate with Corey Webster. He is not a $7 million a year cornerback anymore. The problem is though, that Webster has a ton of leverage. Other than Prince Amukamara, there’s a lot of inexperience at the corner position, especially if Terrell Thomas moves to safety.
David Diehl is another veteran whose play has fallen off a bit. He stands to make $4 million in base salary for 2013, so he’s another candidate for restructuring. The thing is he, like Webster, has leverage since the depth behind him, like James Brewer, is unproven.
Of course another move they could make is to restructure Eli Manning’s contract. They may not do this until after March 4th to keep his salary among the top five quarterbacks in order to impact the Joe Flacco negotiations since if he gets tagged he gets the average of the top five quarterbacks’ salary.
2013 is going to be a much different team that 2012 was. Jerry Reese’s skills as a GM will be tested. Can he continue to find those diamonds in the rough that can step in and fill roles like Victor Cruz did in 2011, or will it take another couple of years for the team to go back to a Super Bowl level?