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4 cuts the NY Giants should consider to clear cap space

By Reese Nasser

EAST RUTHERFORD, NEW JERSEY - DECEMBER 04: (NEW YORK DAILIES OUT) Saquon Barkley #26 of the New York Giants celebrates his touchdown against the Washington Commanders with teammate Mark Glowinski #64 at MetLife Stadium on December 04, 2022 in East Rutherford, New Jersey. The game ended in a 20-20 tie. (Photo by Jim McIsaac/Getty Images)
EAST RUTHERFORD, NEW JERSEY - DECEMBER 04: (NEW YORK DAILIES OUT) Saquon Barkley #26 of the New York Giants celebrates his touchdown against the Washington Commanders with teammate Mark Glowinski #64 at MetLife Stadium on December 04, 2022 in East Rutherford, New Jersey. The game ended in a 20-20 tie. (Photo by Jim McIsaac/Getty Images) /
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MINNEAPOLIS, MINNESOTA – DECEMBER 24: Kenny Golladay #19 of the New York Giants warms up against the Minnesota Vikings at U.S. Bank Stadium on December 24, 2022 in Minneapolis, Minnesota. (Photo by Stephen Maturen/Getty Images)
MINNEAPOLIS, MINNESOTA – DECEMBER 24: Kenny Golladay #19 of the New York Giants warms up against the Minnesota Vikings at U.S. Bank Stadium on December 24, 2022 in Minneapolis, Minnesota. (Photo by Stephen Maturen/Getty Images) /

1. Kenny Golladay

Unfortunately for both the Giants and wide receiver Kenny Golladay, this pairing has not worked out. Arguably the biggest signing in the history of the franchise lasted just two seasons. And now the two sides look to move on.

Throughout the 2022 season, Golladay was relegated to the bench. He appeared in just 12 games and played a total of just 261 snaps. When on the field, Golladay’s production was nearly non-existent. He recorded a total of six receptions for 81 receiving yards and one touchdown. This was a drastic drop off to even his lackluster 2021 campaign.

The option to move on from Golladay, while not ideal, is all but necessary. By cutting the veteran wide receiver before June 1, the Giants will free up $6.7 million in cap space. If he is released post-June 1, the team will free up $13.5 million, while taking on a $7.9 million dead cap in 2023 and $6.8 million in 2024.

Heading into the offseason, addressing the wide receiver position was already a major need for the Giants. By releasing Golladay, they could have more to spend on bringing in a proven pass-catcher.

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