The New York Giants are working on cutting costs against the salary cap for 2022, and made a few moves on Wednesday to address their situation.
The Giants cut Kyle Rudolph and Devontae Booker. The Rudolph release was the big helper in terms of salary. Cutting Rudolph clears $5 million against the cap despite counting for $2.4 million in dead cap space.
Kyle Rudolph was scheduled to count $7.4M vs cap this year. The cap-strapped Giants save $5M with the move, even if it includes $2.4M in dead money.
Another terrible Dave Gettleman signing, especially given his foot required surgery after signing. Basically signed damaged goods
— Jordan Raanan (@JordanRaanan) March 2, 2022
Rudolph was signed by the Giants last year after spending his entire career with Minnesota. He had just 26 catches for 257 yards and a touchdown in his lone season with the Giants.
The 32-year-old tight end posted a note to Giants fans.
.@Giants Fans thanks for taking me and my family in this past year! Certainly not the year any of us expected, but a year we will never forget.. We're appreciative of the Mara and Tisch Families for giving us the opportunity to be a Giant. pic.twitter.com/HSZzGGTXRI
— Kyle Rudolph (@KyleRudolph) March 2, 2022
The two-time former Pro Bowler told ESPN’s Adam Schefter that he does not plan to retire.
The Giants still project to be around $6 million over the cap at this point and have work to do.
