The Giants have a little extra spending money, just in time for Christmas. On Tuesday, the G-Men reworked the contacts of tight end Kyle Rudolph and punter Riley Dixon to create ~$350K in cap room (Twitter link via Field Yates of ESPN.com).
The Giants won’t be making any marquee signings over the next few weeks — after all, they’re 4-10 on the year after taking their third straight loss on Sunday — but they will need to make a few minor moves like signing players to the practice squad and doling out roster bonuses.
Injuries have piled up for the Giants in recent weeks. Just yesterday, they opted to shut down quarterback Daniel Jones for the rest of the year, allowing him to fully heal from his neck injury. They also lost Sterling Shepard for the year with an Achilles tear — just the latest in an unfortunate string of setbacks for the wide receiver.
Rudolph, 32, has 22 catches for 240 yards and one touchdown so far this year. He remains under contract for 2022, thanks to his two-year, $12MM deal, but it’s not a given that he’ll return. The Giants could theoretically cut the veteran to save $5MM against just $2.25MM in dead money.
Dixon, 29 in August, also has one year to go on his contract with a similar split. His release would save $3.25MM versus $125K in dead money. The Giants’ next GM may prefer to go cheaper, rather than roster the league’s fourth-highest paid punter.
Photo courtesy of USA Today Sports Images.