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New York Giants Tweak Safety Logan Ryan's Base Salary for Salary Cap Relief

The Giants continue to make moves to ensure it's under the 2021 salary cap and has capital with which to operate.
Patricia Traina|
New York Giants Tweak Safety Logan Ryan's Base Salary for Salary Cap Relief
New York Giants Tweak Safety Logan Ryan's Base Salary for Salary Cap Relief

The Giants have reportedly converted the bulk of safety Logan Ryan's 2021 base salary into an up-front signing bonus to clear out more space ahead of the expiration of the Top 51 rule this week.

Ryan was due to earn a $5.5 million base salary this year under the contract extension he signed last December. While his new base salary hasn't been confirmed just yet, the lowest base salary the nine-year veteran can earn under the terms of the CBA is $1.075 million, the minimum.

If that's indeed Ryan's new base salary, that means $4.425 million was converted into an upfront signing bonus which will prorate over the life of the contract at an annual rate of $1.475 million.

That would also mean the Giants are saving $2.95 million with the move if the team did indeed lower Ryan's 2021 base salary to the NFL veteran minimum.

Before the reported adjustment of Ryan's 2021 salary, Over the Cap had New York's cap space as being $6,210,185 in the red, a figure reflective of the end of the Top 51 rule, which expires league-wide Thursday.

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Patricia Traina
PATRICIA TRAINA

Patricia Traina has covered the New York Giants for 30+ seasons, and her work has appeared in multiple media outlets, including The Athletic, Forbes, Bleacher Report, and the Sports Illustrated media group. As a credentialed New York Giants press corps member, Patricia has also covered five Super Bowls (three featuring the Giants), the annual NFL draft, and the NFL Scouting Combine. She is the author of The Big 50: The Men and Moments that Made the New York Giants. In addition to her work with New York Giants On SI, Patricia hosts the Locked On Giants podcast. Patricia is also a member of the Pro Football Writers of America and the Football Writers Association of America.

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