What is the NY Giants Salary Cap for 2023 and why did it explode?

Daniel Jones, NY Giants. (Photo by Jim McIsaac/Getty Images)
Daniel Jones, NY Giants. (Photo by Jim McIsaac/Getty Images) /

There was a major announcement on Monday and it’s sure to bring a smile to NY Giants general manager Joe Schoen’s face. That’s because now that he’s entering his second year running the front office for NY, Schoen is going to have a little bit more money to play with.

Looking ahead to the 2023 campaign, the NFL has increased the total salary cap to $224.8 million, which is a jump of nearly $17 million for the Giants and the rest of the squads out there. Obviously, this is a game-changer across the board and people are excited about the changes that have been put into place.


NY Giants salary cap just increased for Joe Schoen to enjoy

The Giants will now have the third-most cap space available with $44.4 million, behind the Bears ($98.6 million) and Falcons ($56.3 million). That won’t be the final number, though, as the Giants are expected to release Kenny Golladay, which will put them over $50 million. There could be some other cap casualties as well.

With all the moving pieces, it’s going to make Schoen’s life a little easier, but he sure has some tough decisions on how to spend that money. For starters, the Giants need to figure out what to do with Daniel Jones and Saquon Barkley as soon as possible. Jones is looking for at least $30 million per year, probably more.

Barkley was offered $12 million per season during the bye week, but he turned that down. In addition to those two playmakers. Schoen will also hope to give a contract extension to defensive tackle Dexter Lawrence, who earned Second Team All-Pro honors for his brilliant showing throughout the2023 campaign.

Don’t forget about the long list of other players who are free agents, including veteran safety Julian Love. The bad news for Schoen is there’s a lot of financial gymnastics he’ll beed to play to figure out what’s best for the team, but he’s got some more space to make moves. Soon enough, we’ll find out what Schoen plans on doing with all the dough he has in front of him.