May 24, 2024

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Dexter Lawrence contract shows how new deals help Giants create cap space – The Denver Post

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Before signing his new contract, Giants defensive tackle Dexter Lawrence was due to count $12.4 million against this season’s salary cap.

Now, thanks to Lawrence’s four-year extension, the Giants have lowered Lawrence’s 2023 cap hit to $6.653 million, per sources, freeing up more money that GM Joe Schoen can use to run the rest of his team this year.

That’s because Lawrence’s extension, which puts him under contract through 2027, includes $22 million of his $59 million total guarantees as a signing bonus. This cap charge gets spread evenly through the five years of his new contract.

A low $2.253 million base salary in 2023, plus the $4.4 million annual proration of his signing bonus, keeps Lawrence’s cost down in Year 1.

This is the side benefit of signing a top player to a…

Tribune News Service

2023-05-12 10:55:25

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