What to do with Burress? Follow the money

Should the New York Giants place wide receiver Plaxico Burress on the non-football-injury list, he would lose $117,000 per game.

And if the Giants cut Burress now or any time in the coming months, New York actually would free up $2.7 million worth of salary-cap space. That’s because Burress is scheduled to have a salary-cap number of $8.5 million in 2009 — $5.8 million of that would remain on the Giants books if the team were to release him.

But here’s why the Giants might not want to let go of Burress so quickly. If they cut him, they probably would lose any rights to collect any of the previous bonus money they previously paid him, money that would further reduce Burress’ salary-cap charges.

So New York could hold on to Burress — who has made just over $7.25 million for this year — until it has more answers as to what previously paid bonus money it can or cannot pursue.

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