People all over New York and New Jersey are still celebrating the fact that NY Giants defensive tackle Dexter Lawrence signed his four-year extension. Lawrence earned every penny of his $90 million deal, especially after he earned Second Team All-Pro honors in 2022.
Following the NFL Draft, though, plenty of Big Blue supporters have been worried about the salary cap issues that Joe Schoen had in front of him. However, the good news is that Lawrence's deal is structured in a way where the team is now saving money this upcoming season: you've got to love seeing that.
Dexter Lawrence’s cap hit this year after the extension will be $6.65 million, per source. He was set to count $12.4M.
— Jordan Raanan (@JordanRaanan) May 9, 2023
This gives the Giants some money to work with (including to sign draft class). NFLPA records had them just a touch above $2M under the cap earlier this week.
Dexter Lawrence salary cap number for 2023 has been revealed
According to NFL insider Jordan Raanan, Lawrence's cap hit for '23 will only be $6.65 million. Before Schoen and Lawrence were able to get on the same page with his updated contract, he was set to have a cap hit of $12.4 million.
That's around $6 million in savings for Schoen and the front office. It was only a matter of time before Lawrence received his major payday from the Giants. He was a force for defensive coordinator Wink Martindale last year, posting 68 total tackles and 7.5 sacks.
Him and left tackle Andrew Thomas earning All-Pro honors was incredible to see. The two former first-round picks were nothing short of sensational on their respective sides of the trenches this past season. Now, both Thomas and Lawrence will be jacked up to have even bigger years this season.
Next up for Schoen will be trying to get things done with Pro-Bowl running back Saquon Barkley. As things stand, Barkley, on the non-exclusive franchise tag, will have a cap hit of $10.1 million. If Schoen can get him to lower his price on a multi-year deal as well, then even more cap space will be created. Everyone is hoping the big Saquon news will arrive soon.
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