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  • Giants Slash $11.6 Million from Cap with Departure of Veteran Tight End
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Giants Slash $11.6 Million from Cap with Departure of Veteran Tight End

Tee Blaze June 3, 2024

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The New York Giants are showing patience with tight end Darren Waller as he deals with personal issues that have led him to contemplate retirement. Several months ago, Waller expressed uncertainty about his future in the NFL. Recently, he released a new mixtape on social media, but has yet to make a final decision on his career path.

Despite being sidelined by injuries for a significant portion of last season, Waller managed to secure 72 targets, accumulating 552 yards and scoring one touchdown, with a reception rate of 72.2%. At 31 years old and with a history of injuries, Waller’s status remains critical for the Giants, especially considering they could recoup $11.6 million from his potential post-June 1st cut or retirement.

Giants Prepare for Tight End Transition and Cap Space Management

New York Giants tight end Darren Waller (12) catches a touchdown pass during the first half in front of Washington Commanders linebacker Jamin Davis (52) at MetLife Stadium

 

Anticipating Waller’s possible departure, the Giants have adjusted their team cap space to $1 million. This strategic financial planning positions them to save a substantial amount of money, which could be redirected to address needs in the secondary or other areas as the season progresses.

In the event of Waller’s exit, the Giants plan to rely on Daniel Bellinger and rookie Theo Johnson at the tight end position. Bellinger, who has primarily served as a blocker over the past two years, is expected to see an expanded role in the receiving game. Meanwhile, Johnson, who boasts a physical frame comparable to Jimmy Graham along with similar receiving skills, is young and relatively raw. The Giants are keen on giving him ample playing time to accelerate his development and integrate him effectively into their offensive strategy.

Financial Flexibility and Emergent Team Needs

Should Waller decide to step away from football, the Giants will find themselves with approximately $13 million in available salary cap space. This financial flexibility would provide them with the resources needed to manage any emergent team needs effectively.

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