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What does Nate Solder’s opt out mean for the Giants?

Nate Solder has decided to opt out of playing for the New York Giants in 2020 amidst the COVID-19 pandemic.

That has several ramifications for the Giants.

Salary cap

First, Solder was the Giant with the largest 2020 cap hit. His opt out will clear $16 million in salary cap space. As a testicular cancer survivor and father of a 5-year-old son battling a Wilms tumor, a rare form of kidney cancer, Solder would be considered a high-risk opt out. That means he would be eligible for a $350,000 advance on his 2021 contract.