Giants projected to have a minimum of $22 million in 2021 salary cap space

The New York Giants are projected to have a minimum of $22 million in cap space in 2021, but it could be more based on the cap ceiling.

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2020 is a critical season for the New York Giants. They made some radical changes with a brand new coaching staff and major improvements to their offensive line and their defense. Unfortunately, there is a lot of uncertainty to this NFL season in general, so they may not fully realize the benefit of those moves until next year or beyond.

But a lot of resources have been exhausted in attempting to turn this wayward ship around. The Giants’ salary cap situation is not as rosy as one might have hoped.

Their opportunities to improve hinges on their ability to sign key free agents and maintain their own core of young stars. Looking at their 2021 salary cap picture, that could be a challenge.

Depending on which salary cap ceiling the league will use in 2021 ($175 million or $190 million), the Giants will have either $22 million or as much as $38 million in available cap space. The revenue projections for 2020 are dire, so it will likely be the former.

Keep in mind, that does not include any rollover money from this season. The Giants currently have in the neighborhood of $21.7 million in open cap space.

Naturally, they can make some cuts and renegotiate some contracts. Sportrac.com lists the Giants’ adjusted cap figure for 2021 is $181 million with a salary commitment of $161 million.

That does not include the extension they are expected to give Dalvin Tomlinson or other extensions, let’s say to fifth-year players Jabrill Peppers and Evan Engram. Then there is the ominous prospect of tearing up Saquon Barkley’s rookie deal in favor of a more market-friendly one.

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