Updated NY Giants cap space ahead of 2023 NFL Draft

It's hard to believe that the NFL Draft is almost here, as the busy offseason for the NY Giants has made time fly over the past couple of months. General manager Joe Schoen must operate on 4-5 hours of sleep, because the man hasn't stopped working since the 2022 season ended.

Schoen has made some head-turning moves, highlighted by inking Daniel Jones to his monster extension, re-signing Darius Slayton, bringing in Bobby Okereke, trading for Darren Waller and much more. So, with all of that said, how much cap space does the GM have to work with ahead of the draft?

NY Giants have just under $3 million in cap space right now

Per insider Dan Duggan, the Giants have around $2.9 million in cap space to work with ahead of the first round arriving. However, with a Dexter Lawrence extension expected to come sooner than later, that's sure to create some extra room for Big Blue.

Not only that, but there's still some hope that the Giants will be able to figure things out with star running back Saquon Barkley, who was placed on the non-exclusive franchise tag after the Giants gave Jones his four-year contract worth $160 million.

With Barkley on the tag, it results in a $10.1 million cap hit for the 2023 campaign. Schoen doesn't look ready to blink in the Saquon contract talks, but it would indeed create cap space if Barkley signs a long-term deal. That situation will surely be something to monitor moving forward.

All in all, Schoen has been working his tail off this offseason, but there are plenty of other moves that still need to get done. The money is tight, but Giants fans have full belief that the GM will be able to figure things out in the near future for this team.

READ MORE: Joe Schoen seems irritated with the Saquon Barkley contract talks