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Giants veteran defensive end Mathias Kiwanuka is slated to count $7.04 million on the salary cap next season and could be a salary cap casualty.

(Andy Mills/The Star-Ledger)

As Giants general manager Jerry Reese sets out to restock his roster, it doesn't appear he'll be hamstrung by the salary cap.

Jordan Raanan of NJ.com estimates that the Giants could have over $20 million in their war chest this offseason. The projected salary cap is $126.3 million.

That $20 million figure isn't counting the money they could free up by signing quarterback Eli Manning and safety Antrel Rolle, who currently count $20.4 and $9.25million, respectively, on the cap, to new deals.

Nor is it counting several potential restructuring of contracts and releasing of players.

Here is how Raanan breaks it down.

The Giants, of course, will have to spend a chunk of that to re-sign some of their more than two dozen restricted and unrestricted free agents but it appears they’ll have enough money to be players in free agency.

One decision the Giants have to make that has been largely overlooked is one involving veteran defensive end Mathias Kiwanuka, who’ll count $7.05 million on the cap next season. If last season was an indication, his production doesn’t match his cap number.

And Raanan shouldn’t be so quick to say goodbye to guard Chris Snee, who’ll count $11.75 million on the cap. We hear his rehab is going well and he’s feeling as good as he has in years following surgery on both hips and his elbow. But if he does decide to return and the Giants want him back, it’ll be at a reduced rate.

The future of center David Baas is also up for debate. It appears to be more a case of when, not if, the Giants jettison him. If they release him before June 1, they’ll save just $1.775 million on the cap. If they do it after June 1, they would save roughly $5 million.

Finally, there’s left tackle Will Beatty, who’ll count $7.4 million on the cap. After he allowed 13 sacks this season, according to ProFootball Focus, the Giants may approach him about reworking his deal.

Thus, it seems as though with some creative accounting, Reese should be able to do just about anything he wants to do within reason this offseason.

Jerry, you’re on notice.

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