Giants' Salary Cap Estimate: NFLPA shows Giants $5.155 million under cap

Records updated Monday afternoon by the NFLPA show the New York Giants $5.155 million under the NFL's $133 million salary cap.

That number, of course, is very fluid. It does not appear to include the deals agreed to over the weekend by cornerback Walter Thurmond or safety/kick returner Quintin Demps. It also does not include the roughly $5 million the Giants will save by cutting David Baas. Baas will be designated a post-June 1 cut, and his savings won't show against the salary cap until then.

Those numbers, of course, make you wonder how the Giants will have room to sign a player like Dominique Rodgers-Cromartie, who was in East Rutherford for a physical on Monday. To fit a player like DRC under the cap the Giants would appear likely to have to either make a roster move or re-structure one or more other contracts.

See our free agency tracker for the latest rumors, as well as updated contract numbers.