Giants likely to get $3m in additional cap space next year
January 5, 2024
Giants will get a $2.75 million cap credit in 2024 because that amount was classified as likely to be earned based (LTBE) on his performance last season
3 comments
QB Daniel Jones
Jones had a fascinating — and intricate — set of incentives included in the four-year, $160 million contract he signed in March. He could earn an additional $35 million in incentives over the life of the contract.
Jones’ individual performance incentives are tied to touchdown passes, passing yards, total touchdowns and total yards. He also has playing time incentives (65 percent or more of the offensive snaps) tied to playoff success. Jones, who was limited to six games by neck and knee injuries, obviously didn’t achieve any of the performance, playing time or team success incentives this season.
Jones could have earned a maximum of $9 million in incentives this year. The tiniest silver lining of his disastrous season is that the Giants will get a $2.75 million cap credit in 2024 because that amount was classified as likely to be earned based (LTBE) on his performance last season.
Those incentives were $500,000 for playing 65 percent of the snaps and reaching the playoffs; $1 million for playing 65 percent of the snaps in a playoff win; $750,000 for playing 65 percent of the snaps and the team winning the division (this incentive is automatically classified as LTBE even though the Giants didn’t win the division last year); $250,000 for having more than $3,7000 total yards; and $250,000 for ranking in the top 15 in passing yards.
All of those incentives should be deemed not likely to be earned (NLTBE) in 2024 since Jones didn’t achieve them this season and therefore won’t count on next year’s cap.
Schoen masterclass
If he met those metrics and we were taking the division this year not a single person would miss that cap room either. Now let’s just hope we don’t burn up $40 million next year watching a guy do recovery exercises for 18 weeks.
3 comments
QB Daniel Jones
Jones had a fascinating — and intricate — set of incentives included in the four-year, $160 million contract he signed in March. He could earn an additional $35 million in incentives over the life of the contract.
Jones’ individual performance incentives are tied to touchdown passes, passing yards, total touchdowns and total yards. He also has playing time incentives (65 percent or more of the offensive snaps) tied to playoff success. Jones, who was limited to six games by neck and knee injuries, obviously didn’t achieve any of the performance, playing time or team success incentives this season.
Jones could have earned a maximum of $9 million in incentives this year. The tiniest silver lining of his disastrous season is that the Giants will get a $2.75 million cap credit in 2024 because that amount was classified as likely to be earned based (LTBE) on his performance last season.
Those incentives were $500,000 for playing 65 percent of the snaps and reaching the playoffs; $1 million for playing 65 percent of the snaps in a playoff win; $750,000 for playing 65 percent of the snaps and the team winning the division (this incentive is automatically classified as LTBE even though the Giants didn’t win the division last year); $250,000 for having more than $3,7000 total yards; and $250,000 for ranking in the top 15 in passing yards.
All of those incentives should be deemed not likely to be earned (NLTBE) in 2024 since Jones didn’t achieve them this season and therefore won’t count on next year’s cap.
Schoen masterclass
If he met those metrics and we were taking the division this year not a single person would miss that cap room either. Now let’s just hope we don’t burn up $40 million next year watching a guy do recovery exercises for 18 weeks.