It’s probably not a direct correlation, but one of the reasons the Giants were able to sign Terrell Thomas and stay below the salary cap was because of some help from David Baas. The center has restructured his contract to help the team with it’s cap issues.
Baas was due to make $3 million for the 2012 season with a cap number of $4.95 million. But his base salary for 2012 has been reduced to $900,000. Assuming that the $2.1 million was converted into a bonus of some sort and spread across the remaining four years of his contract, his new cap number would be the $1.95 million from his original signing bonus, the $525,000 from this bonus and the $900,000 in base salary. Break out the ol’ abacus and you come up with a cap number for him in 2012 of $3.375 million. That’s a savings against the cap for this year of $1.575 million.