The Giants will be heading into the 2014 season looking to upgrade their roster from top to bottom. But looking at the salary structure the next few seasons, the Giants will have a huge hurdle finding the money for those upgrades.
QB Eli Manning’s contract is reaching the balloon-payment phase and it could throw a monkey-wrench into the plans. According to reports, he’s open to do what it takes to meet the team halfway.
From Jordan Ranaan of NJ.com:
“I haven’t thought about it, but if they come to me, yeah, we’ll discuss it and figure out a plan,” Manning told NJ.com on Wednesday.
Manning, 32, reworked his contract in 2009 and has two years remaining on his current deal. He also said early in the year he’d redo his deal if it was necessary to re-sign wide receiver Victor Cruz. The Giants re-upped Cruz without asking him to restructure.
The only way to get this done, it appears, is to extend him, but how much relief they’ll get from doing that is debatable. From Pro Football Talk:
“Signed through 2015 at salaries of $15.15 million and $17 million over the next two seasons (via NFLPA records), the question isn’t whether Eli is willing to move money around for cap purposes while ultimately taking the same amount of money. The question is whether he’ll sign a new contract that extends beyond 2015 and that pays him less than the current market value for franchise quarterback, which is in the range of $20 million per year.
Via Spotrac.com, Eli counts for $20.4 million and $19.75 million over the next two years under the cap. Getting those numbers down while also getting Manning paid in line with other quarterbacks who have fewer Super Bowl rings (including Aaron Rodgers, Joe Flacco, Drew Brees, and Matt Ryan) will be a challenge.”