On Saturday, Madison, a four-time Pro Bowler himself, agreed to a four-year, $7.4 million contract that includes a $2 million signing bonus. With the recently agreed upon CBA bringing the salary cap to $102 million, the Giants still have about $8 million of wiggle room.
Arrington, who gave up more than $4 million from the Redskins in order to become a free agent, is scheduled to visit Giants Stadium sometime in the next couple days. It's uncertain exactly how serious either side is but the Giants certainly are in dire need of a playmaking LB and Arrington would most likely love to remain in the NFC East, with the opportunity to haunt the Redskins at least twice a season for years to come.
Giants MLB Antonio Pierce has been petitioning GM Ernie Accorsi to sign Arrington, with whom he played in Washington and remains close to.
As for Madison, he receives a salary of $900,000 for this season and future paydays of $1.2 million in ‘07, $1.5 million in '08 and $1.8 million in 2009. He also will receive an incentive bonus of $250,000 for each season he records at least four interceptions.
Star LB to visit, Madison in fold
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Scout NFL Network08/24/2016