Dan Duggan
@DDuggan21
Was tied up yesterday, so here are a few additional thoughts on Darren Waller's retirement:
• Most of the focus has understandably been on the cap impact for the Giants, but Waller left serious money on the table. Had he been on the roster in Week 1, he would have guaranteed his $10.5M salary for the season. He would have earned another $200K by participating in the offseason program and would have earned an additional $75K for every game he was active. Walking away from $12M can't be a decision made lightly.
• Waller referenced in his retirement video that he thinks he owes the Giants $750K in bonus money. That's from his restructure last year. Instead of a straight restructure to convert $9.8M of his base salary into a bonus for cap purposes, $8.8 was converted into a bonus for cap purposes (and got paid out weekly during the season) and he got $1M in a signing bonus last April.
The Giants could try to recoup the $750K proration remaining from that signing bonus, but I would be surprised if they went that route, especially with them releasing a statement about their respect for him as a person.
• Waller's retirement will open a roster spot. Imagine the Giants will have a few vets participate in this week's minicamp as tryouts as they've done in the past.
• Waller had 52 catches for 552 yards in 12 games during a disappointing 2023 season. Aside from Daniel Bellinger, the four other tight ends on the roster with NFL experience have combined for 68 catches for 665 yards in 207 games.
11:26 AM · Jun 10, 2024
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