What is ‘dead money’?

We have been told the Giants will be slapped with a $6.45 million “dead money” charge when they officially release center David Baas. In short, Baas’ cap number for 2014 was $8.225 million, but the Giants were only absolved of his $1.775 million base salary by releasing him at this point in time.

The increase of the salary cap from $123 million to $133 million this year has made it easier for teams to release themselves from some bloated contracts, and the Giants are no different. Baas’ hit raises the Giants’ dead money figure to $9,228,141 for 2014. Two other major hits in that figure come from the release of CB Corey Webster ($1.25m) and the decision not to bring back TE Brandon Myers ($1.125m).

It’s clear very few people in this business, or any other, understand what “dead money” is and how it is applied in the NFL ‘s salary cap system. I found that the guys over at SteelersDepot.com explained it best (READ).


Or…perhaps this video can help…




5 comments
Skookaloop
Skookaloop

Dead Money = players that are NOT on the Roster, 

BUT you still pay,

because Your GM Mis-Managed the TEAMs Talent...

JamesWS
JamesWS

Now I get it. This is Jerry Reese indirectly admitting that we are in a rebuild, and that it's more important to get Baas off the books for 2015 than to free up more cap space this year.

I know I may sound short-sighted by being disappointed with this, but Eli only has so many more years left. If we really believe that he's got enough in the tank to win another Super Bowl, we should be going for it now. Our next QB won't be nearly as good as Eli was, so what exactly are we saving the money for?

Nassib?

John Fennelly
John Fennelly

@Skookaloop  not always attributed to former players. DM could be attached to a player still under contract and on the roster

@JamesWS Eli has easily another 5 or six years left. He's only 32 and in much better shape than Peyton who is 38. What I don't understand is why the Giants haven't decided to extend him this year. I feel like they would be able to get an extension done while his stock is down and save some future cap space. I understand they want to wait and see if he improves but they can always trade him if he can't get on the right track. How can you trade a QB who is struggling? Easily, if the Vikings are willing to trade for Josh Freeman then a 2 time Superbowl winning MVP should garner a lot of interest on the trading block. An extension should only add to his tradeability because it would lower his cap number from what it is now.