Entering this offseason, the NY Giants currently are facing one of the worst salary cap situations of any team across the NFL
The NY Giants have spent the past several months restructuring the contracts of several veteran players, and for good reason.
In addition to likely entering this offseason potentially needing to replace as many as four starting offensive linemen, bolstering a disappointing pass-rush and perhaps shopping for help at linebacker and tight end, the Giants have limited resources to invest in building out the roster via free agency.
If the NFL season ended today, the NY Giants would be facing the third-worst salary cap situation in the league. Currently, the NY Giants are slated to be $8.895 million over the salary cap this offseason.
Currently, only the Green Bay Packers (negative-$29.995 million) and New Orleans Saints (negative-$51.531 million) have less spending flexibility than the NY Giants will have in 2022.
How can the NY Giants create more salary cap space this offseason?
Fortunately for the NY Giants, there are some move spending flexibility … or to at least get under the NFL salary cap.
For instance, if the Giants move on from Nate Solder, the organization would create $14 million in cap space, while absorbing a $4 million dead-money charge.
Additionally, if the Giants are truly committed to Jones as their long-term solution at quarterback, could sign him to an extension to lower his $8.365 million cap hit in the final year of his deal, 2022 and move some money into later seasons when the cap is anticipated to rise significantly.
But, as things stand, the Giants have much work to do to both create cap space and target bargain players in free agency who can outperform their contract to help turn around a string of disappointing seasons.