4 potential cap casualties the NY Giants must sign in 2023

Last offseason, the New York Giants were in salary cap hell. That poor cap position forced Joe Schoen’s first act as general manager to include cutting key veteran players like safety Logan Ryan, linebacker Blake Martinez and defensive back James Bradberry.

This offseason will look very different for Big Blue. The Giants are flushed with cash this time around. Schoen and the Giants front office has just over $44 million in cap space to work with for now. Schoen can create even more cap space by cutting players like Kenny Golladay, Darnay Holmes and more, plus by restructuring Leonard Williams’ mammoth contract.

One thing the Giants won’t have to do is cut players to get under the salary cap. Other teams aren’t that lucky, and the Giants will have an opportunity to pounce on some big-time players who could become free agents. Here are four potential cap casualties for NY to look at:

4. Chargers WR Keenan Allen

The Los Angeles Chargers are almost $20 million over the cap, so they are going to need to shed some of their bigger salaries. Wide receiver Keenan Allen fits that profile. The prolific wideout has a cap hit of $21.7 million this year, but a dead cap hit of just $6.9 million, so the Chargers could be forced to let him go.

Allen played just 10 games in 2022, but still hauled in 66 passes for 752 yards and four touchdowns. Despite dealing with injuries in 2022, Allen has been one of the most durable wide receivers in the NFL, missing just four games over the course of the previous five seasons.

Allen is one the most underrated wide receivers in the NFL. The Los Angeles wideout has four 100-catch seasons and five 1,000-yard seasons. Allen would instantly become the Giants wide receiver one – something Daniel Jones desperately needs.